Hello Cointribe! 🚀
What’s up, crypto crew! 😎 It’s Friday, February 6, 2026. Here’s a snapshot of the latest crypto news from the past 24 hours.
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
⛈️ Stormy
24h crypto recap! ⏱
🏛️ Crypto Bills Proliferate as U.S. Senate Remains Gridlocked
U.S. lawmakers have introduced a growing number of crypto-related legislative proposals as regulatory uncertainty persists in Washington. While the House advances several initiatives covering stablecoins, market structure, and oversight, the Senate remains stalled by political divisions. This legislative imbalance is creating fragmented signals for the crypto industry, which continues to operate under unclear federal rules. The situation underscores rising pressure from both industry players and regulators for a coherent national framework.
👉 Read the article
📈 Gold Recovers to $5,000 as JPMorgan Eyes $6,300 in 2026
Gold prices have rebounded to around $5,000 following a historic sell-off that briefly shook precious metals markets. Analysts point to renewed safe-haven demand, central-bank purchases, and shifting interest-rate expectations as key drivers behind the recovery. JPMorgan maintains a bullish outlook, targeting $6,300 later in 2026. The rebound highlights gold’s continued role as a hedge amid geopolitical risks and macroeconomic uncertainty.
👉 Read the article
💎 Binance Reports Over $150 Billion in Verified Crypto Assets
Binance has disclosed that it holds more than $150 billion in verified crypto assets, according to its latest proof-of-reserves update. The figures cover customer balances backed one-to-one by on-chain assets, reinforcing transparency efforts following past industry collapses. The exchange highlights strong reserve ratios across major cryptocurrencies. While questions around regulation remain, the disclosure aims to reassure users about asset custody, solvency, and operational resilience.
👉Read the article
💶 Kraken Expands DeFi Earn Offering With Euro-Based Yields
Kraken has expanded its DeFi Earn product in Europe, allowing users to generate yields of up to 8% on euro-denominated assets. The service connects customers to decentralized finance protocols while handling technical complexity internally. Kraken highlights transparency, risk disclosure, and accessibility as key features. This move reflects growing interest from retail users seeking passive income alternatives, even as DeFi platforms continue to face regulatory scrutiny across European markets.
👉 Read the article
🤖 Anthropic’s AI Announcements Trigger Sharp Drop in Software Shares
Anthropic has unveiled a new series of artificial intelligence tools aimed at accelerating software development, prompting a sharp sell-off across technology stocks. Investors reacted to concerns that these advances could disrupt traditional software business models and compress margins for established firms. Several major software companies saw their shares fall shortly after the announcement. The market response highlights growing unease over how fast-moving AI innovation may reshape competitive dynamics across the global technology sector.
🔷 Crypto of the Day: Aster (ASTER)
Aster (ASTER) Today: Building Through Market Weakness
Our crypto spotlight today is Aster (ASTER). Although the token has moved lower in recent sessions, this price action largely reflects the broader weakness across the crypto market rather than any deterioration in the project itself. While short-term sentiment remains cautious, Aster continues to make steady progress on its development roadmap.
This progress is reflected in the launch of Aster’s Layer-1 testnet, a major step toward the platform’s planned mainnet release in Q1 2026. The testnet is built to support high-volume decentralized trading and provides a live environment for evaluating the network’s performance. By opening the testnet to the public, Aster allows users to explore features, simulate transactions, and contribute real-world usage data. This phase helps identify areas for improvement while strengthening the foundation needed for a stable and scalable mainnet.
Key Developments Supporting the Network
Beyond the testnet announcement, Aster has also reinforced its long-term token economics with a significant supply-side move:
Completion of Stage 4 and Stage 5 buyback programs
100% burn of all repurchased tokens
A total of 98.4 million ASTER tokens permanently removed from circulation
Burn executed on February 5, 2026, at 13:00 UTC
Token burns of this scale can reduce circulating supply, potentially strengthening the asset’s long-term value proposition if demand holds or increases.
Technical Outlook: Signs of Stabilization
From a technical perspective, ASTER recently experienced a sharp sell-off before rebounding from oversold conditions. Bollinger Bands indicate that selling pressure has eased, while the Relative Strength Index has recovered into neutral territory, suggesting improving but cautious momentum. Price action currently points to a consolidation phase, with buyers attempting to establish support after the dip.
In summary, while ASTER faces near-term pressure from market-wide conditions, its ongoing development milestones and improving technical signals suggest the project is positioning itself for potential upside once broader sentiment stabilizes.
📊 Real-time Performance (CMC)
💵 Current Price: $0.5184
📉 24h Change: -4.66%
💰 Market Capitalization: $1.28B
🏅 CoinMarketCap Rank: #50
🪙 Circulating Supply: 2.47B ASTER
📊 Trading Volume (24h): $434.83M
⚠️ Stifel Warns Bitcoin Could Drop to $38K
📉 Bearish Outlook Amid Weak Momentum
Bitcoin has been under significant selling pressure, recently dipping below $42,000, the lowest since early 2025. Stifel, a respected investment bank, warns that this could be just the start, projecting a potential slide to $38,000 if current trends continue. The firm highlights that momentum has slowed, liquidity is tightening, and institutional demand is muted—all factors that could prolong the downside.
Stifel’s analysis combines historical cycle patterns, macroeconomic pressures, and recent market flows to justify its bearish stance. Unlike sudden panic-driven drops, this is framed as a gradual correction, where lingering weakness may leave Bitcoin vulnerable to further declines before any sustained rebound occurs.
🔍 Key Factors Driving the Downside
Historical Cycle Patterns: Previous multi-month Bitcoin corrections often extended far below initial support levels. Stifel notes that past cycle lows align with the $38K target if current patterns persist.
Institutional Flows Weakening: Spot Bitcoin ETFs and other investment products have seen consistent outflows, reflecting declining institutional appetite and reduced buffer against selling pressure.
Liquidity Constraints: Tight financial conditions in broader markets reduce available capital for high-risk assets like Bitcoin, limiting the market’s ability to absorb sustained selling.
Macro Correlation: Bitcoin’s price increasingly mirrors equities and tech sector trends. Continued weakness in traditional markets could amplify crypto downside, particularly if risk sentiment remains low.
🧠 Implications for Investors
The Stifel report underscores a cautious stance for traders and investors. While the $38,000 figure is a projection, it highlights that current market dynamics are fragile. Key takeaways include:
Short-term price stabilization is uncertain; further declines remain possible.
Investors should consider risk management, especially in leveraged positions.
Monitoring institutional flows and macro indicators will be critical to anticipate potential recovery points.
In essence, Bitcoin is navigating a delicate phase: long-term holders may view dips as accumulation opportunities, but short-term participants face persistent downside risk. The combination of low liquidity, muted demand, and macro volatility could keep the market under pressure until broader conditions improve.
