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India will maintain its existing cryptocurrency tax framework, rejecting industry calls for tax reductions, Cointelegraph reported. The government has included the current 30% capital gains tax on crypto assets and the 1% tax deducted at source (TDS) on transactions in its budget for the 2026-2027 fiscal year. Additionally, penalties for non-compliance with transaction reporting requirements have been increased. Effective April 1, a daily fine of 200 rupees will be levied for improper reporting, while false declarations will incur a penalty of 50,000 rupees.

A Nevada court has issued a two-week temporary restraining order against Blockratize, the operator of the decentralized prediction market platform Polymarket, according to Wu Blockchain. The order prohibits Blockratize from offering sports and event-based contracts within the state. The court ruled that the Commodity Exchange Act does not grant the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over Polymarket's contracts.

An address linked to Fenbushi Capital withdrew 2,432 ETH ($5.44 million) from Binance approximately 10 minutes ago, according to The Data Nerd. The address is currently staking 10,944 ETH, valued at $24.48 million.

According to CoinNess market monitoring, BTC has fallen below $75,000. BTC is trading at $74,951.96 on the Binance USDT market.

Plume (PLUME), a blockchain focused on regulatory-compliant real-world assets (RWA), outlined its key achievements from the fourth quarter of 2025 and its core roadmap for the current year in a recent blog post. The project highlighted several major accomplishments, including institutional onboarding, multi-chain expansion, entry into the United Arab Emirates, and listings on the South Korean exchange Upbit and on Coinbase. Looking ahead, Plume's priorities for 2026 include expanding distribution channels, ensuring regulatory compliance, adding new assets and protocols, and enhancing token utility to begin generating fee revenue. The company stated its goal is to solidify its position as the world's largest RWA blockchain and stressed that it will adapt to the rapidly evolving market and regulatory environment by completing these objectives.

Ethereum founder Vitalik Buterin has proposed a new creator token model that combines Decentralized Autonomous Organizations (DAOs) with prediction market mechanisms, Cointelegraph reported. In a recent post on X, Buterin argued that existing creator tokens incentivize mass production over content quality. Under his proposal, content creators would issue tokens that a curated creator DAO would then adopt. This adoption would involve burning the tokens, increasing their scarcity and potential value, while allowing investors to earn profits by predicting which content gets selected.

South Korea's Fair Trade Commission (FTC) recently conducted an on-site investigation into Dunamu, the operator of the Upbit crypto exchange, over allegations of unfair trade practices, it was reported on Feb. 2. According to Chosun Biz, a complaint was filed with the FTC alleging that Dunamu restricted the trading of its own unlisted shares exclusively to its proprietary platform, preventing them from being traded on other exchanges. The commission is reportedly examining whether Dunamu unfairly refused to deal with competing unlisted stock trading platforms.

Solana-based decentralized exchange (DEX) Jupiter (JUP) announced via X that it has secured a $35 million strategic investment from ParaFi Capital.

As Bitcoin falls to its lowest level since April of last year, selling pressure is rapidly expanding across global markets, including commodities and other cryptocurrencies. According to the trading platform Kobeissi Letter, BTC and ETH experienced intraday drops of as much as 5.5% and 10.5%, respectively. The commodities market is also seeing significant volatility, with natural gas down 15.5%, silver 8.0%, gold 5.5%, and WTI crude oil 4.5%. In the U.S. stock futures market, the Nasdaq, S&P 500, and Dow are also showing weakness, down 1.5%, 1.2%, and 0.8%, respectively.

The Hong Kong Monetary Authority (HKMA) has announced that 36 local institutions have submitted applications for stablecoin licenses following the introduction of a licensing system for stablecoin issuance last August. According to Hong Kong media outlet HWKK, HKMA Chief Executive Eddie Yue Wai-man stated that the authority is currently reviewing the applications. He added that the goal is to issue the first batch of licenses in March.

Binance has announced it will list ZAMA for spot trading at 1:00 p.m. UTC on Feb. 2. The exchange noted that the listing will include a Seed Tag, which is applied to projects that may exhibit higher volatility and risk compared to other listed tokens.

Strategy's (MSTR) Bitcoin holdings are now at an unrealized loss, Lookonchain reported via X. The company holds 712,647 BTC at an average purchase price of $76,037. When BTC's price fell to $74,604 around 3:40 a.m. UTC on Feb. 2, Strategy faced an unrealized loss of over $900 million. According to CoinMarketCap, BTC is currently trading at $75,972, down 1.28%, which remains below Strategy's average entry price.

Whale Alert reported that 400 million XRP has been locked in escrow at Ripple.

Whale Alert reported that 300 million XRP has been locked in escrow at Ripple.

An anonymous whale address has purchased 30,392 ETH ($70.12 million) and 500 cbBTC ($30.74 million) via over-the-counter (OTC) trades over the past 10 hours, Lookonchain reported.

According to CoinNess market monitoring, BTC has risen above $76,000. BTC is trading at $76,065.91 on the Binance USDT market.

BTC has risen by 1.53% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $75,798.26.

Macro investor and Real Vision CEO Raoul Pal has argued that Bitcoin's recent price decline is due to a U.S. liquidity shortage, not any inherent flaws in the cryptocurrency itself, Cointelegraph reports. He explained that BTC has been moving in sync with software-as-a-service stocks, as both asset classes are valued on future cash flows and adoption potential. According to Pal, their recent downturn reflects a sensitivity to the macroeconomic liquidity environment and interest rate outlook. Pal noted that rising gold prices have absorbed liquidity, leaving fewer funds for BTC and software stocks. He added that the disappearance of the U.S. Treasury's reverse repo buffer has accelerated this liquidity outflow. Addressing concerns about potential hawkish policies from rumored Federal Reserve Chair nominee Kevin Warsh, Pal predicted that Warsh would instead cut interest rates and permit economic growth. He forecasts a bull market in the second half of the year, driven by a renewed supply of liquidity.

Solana-based decentralized exchange (DEX) Jupiter (JUP) has integrated with Polymarket to provide prediction market services to its users, The Block reported. The integration enables trading on prediction markets through a dedicated tab within the Jupiter platform, leveraging its existing infrastructure. The move comes as prediction markets, including Polymarket, have recently recorded growth in trading volume.

According to a CoinNess market analysis, Bitcoin has fallen below $74,620, reaching its lowest point in approximately nine months since April 9 of last year. The cryptocurrency is currently trading at $74,856.5 on the Binance USDT market.

According to CoinNess market monitoring, BTC has fallen below $75,000. BTC is trading at $74,931.44 on the Binance USDT market.

Major exchanges have seen $144 million worth of futures liquidated in the past hour. In the past 24 hours, $659 million worth of futures have been liquidated.

A CoinNess market analysis shows that ETH has fallen below $2,200. The cryptocurrency is currently trading at $2,174.03 on the Binance USDT trading pair.

According to CoinNess market monitoring, BTC has fallen below $76,000. BTC is trading at $75,893.22 on the Binance USDT market.

South Korea's Financial Supervisory Service (FSS) announced on Feb. 2 that it has developed its own trading analysis platform, VISTA, to investigate unfair virtual asset transactions and has upgraded it with an artificial intelligence (AI) algorithm. According to News1, the FSS has applied a "sliding window grid search" algorithm to the system. This algorithm automatically detects periods of suspected market manipulation, a task previously performed manually by investigators after data analysis. The FSS stated that this will allow it to identify all suspicious periods of market manipulation, regardless of their frequency or duration.