Powell’s “higher for longer” reminder pushed risk appetite lower, and crypto followed tech right on cue, moving in lockstep with the Nasdaq. ETF outflows added insult to injury, draining liquidity while sentiment stayed comfortably in Fear. For now, the market is hovering around $3T, waiting to see whether this turns into boring consolidation… or the start of another macro-led leg down. So what does this all mean for crypto? Let’s dig in.
Fidelity Launches Its Own Stablecoin
Fidelity Investments is launching the Fidelity Digital Dollar in early February. FIDD will run on Ethereum and target both retail users and institutional traders. Fidelity manages nearly $6 trillion in assets and already runs a Bitcoin ETF holding $17.4 billion. How is Fidelity backing each dollar of FIDD? Read more.
WisdomTree Moves Everything to Solana
WisdomTree moved its entire suite of tokenized funds to Solana. Every single one, money market, equities, fixed income, the whole lineup. The asset manager already operates across Ethereum, Arbitrum, Avalanche, Base and Optimism. But this Solana deployment is different. They’re betting on speed. Why did WisdomTree pick Solana over Ethereum for this deployment? Read more.
Tether Is Stockpiling Billions in Gold
Tether has been quietly buying physical gold at a rate that exceeds entire countries. Two tons per week, stored in a Swiss nuclear bunker. CEO Paolo Ardoino says they’ll keep buying at this pace for months. Most of it backs Tether’s own reserves, while some supports their $2.7 billion XAUT stablecoin. What’s the actual size of Tether’s gold vault? Read more.
HYPE Rallied Sixty Percent on Silver Trading
Hyperliquid’s token jumped over 60% in a week as traders discovered they can trade commodities on the platform. Silver futures are going wild. Open interest across Hyperliquid’s markets just hit $925 million. Silver contracts alone generated over $1 billion in 24-hour volume as the metal makes all-time highs. How much open interest is sitting on Hyperliquid right now? Read more.
Peter Thiel Backs New Bitcoin Lending Platform
Citrea launched its mainnet with backing from Peter Thiel’s Founders Fund and Galaxy Ventures. The pitch is simple, make your bitcoin work instead of sitting idle. The platform introduced ctUSD, a Treasury-backed stablecoin issued by MoonPay. What kind of yields is Citrea offering to Bitcoin holders? Read more.
Are institutions preferring Solana now?
TLDR: Institutions are clearly adding exposure to Solana (SOL) at the margin, but Bitcoin (BTC) and Ethereum (ETH) still dominate overall allocations.
- Spot Solana ETFs have seen persistent, sizable net inflows, often while BTC and ETH ETFs see outflows.
- Total Solana ETF assets are approaching the 1–1.5% range of SOL’s market cap, which is meaningful but still niche.
- SOL price has not massively outperformed BTC or ETH over the last year, so this looks like rotation and accumulation, not a full “flip” in preference.
Disclaimer: This alpha is provided by CrytoMX AI. CrytoMX AI AI can make mistakes. Not financial advice. Use CrytoMX AI on this site.
BNB Chain News: Enso Spikes, BNB Stabilizes, and Institutions Take Notice
Macro turns risk-off: Fear & Greed dips into “fear” territory. Sector mcap +2.7% WoW, with transactions +3% and TVL +1.1% as TradFi rails for BNB expand. Read more.