Plasma ($XPL) is a Layer-1 blockchain designed specifically as stablecoin infrastructure, prioritizing seamless USDT payments over general-purpose features.
Core Design
It enables gasless USDT transfers, eliminating fees for basic stablecoin movements to minimize user friction.
EVM compatibility allows developers to deploy familiar smart contracts without new tools.
Payments-grade settlement delivers fast, predictable finality using PlasmaBFT consensus for operational reliability.
Key Features
Integrated Rails: On/off ramps, card access, and compliance tools via partners streamline real-world adoption.
Bitcoin Security: Anchored as a sidechain with Proof-of-Stake (PoS), using XPL for staking, governance, and incentives.
Use Cases: Targets cross-border payments, merchant settlements, DeFi, and institutional treasury management.
$XPL powers the network, with deflationary mechanics like EIP-1559 burns and declining inflation to support growth amid rising stablecoin demand. $XPL #XPL
President Donald Trump has signed a bill ending a recent US government shutdown, allowing federal operations to resume fully. This action restores pay for government employees and normalizes public services nationwide
Shutdown Background
A government shutdown happens when Congress and the President cannot agree on funding, halting non-essential federal functions.
Recent shutdowns, including a 43-day record in late 2025 and a brief three-day one in early February 2026, disrupted services like food assistance and air traffic control.
Key Impacts
Federal offices reopen immediately, with back pay for furloughed workers
Economic uncertainty eases, boosting markets and investor confidence
Michael Saylor, the Bitcoin maximalist and Strategy executive chairman, recently shared his ultra-simple "Rules of Bitcoin":
1) Buy Bitcoin.
2) Don't sell the Bitcoin.
This HODL mantra underscores his conviction that BTC is digital property and the ultimate store of value, immune to debasement.
Saylor's PhilosophySaylor views Bitcoin as a long-term treasury asset, not for trading.
Strategy has amassed over 660,000 BTC, buying aggressively even in downturns—like their $2.1B purchase at ~$95K amid 2026 volatility—betting on decades of appreciation.
MetaMask has teamed up with Ondo Finance to integrate tokenized U.S. stocks, ETFs, and commodities directly into its self-custodial wallet. Announced recently at Ondo Summit 2026, this allows non-U.S. users in supported regions to access over 200 tokenized assets—like Tesla, Apple, Nvidia shares, gold, silver, and Nasdaq ETFs—via MetaMask Swaps using USDC on Ethereum.
President Trump has issued a stark warning to Iran: "Close the Strait of Hormuz, prepare for war." This comes amid escalating tensions, as Iran reportedly estimates that blocking the vital waterway could spike global oil prices from $70 to $200 per barrel, hammering economies worldwide and inflating energy costs for consumers and businesses alike.
Experts warn this scenario excludes potential closures of the Bab al-Mandab Strait, another key chokepoint linking the Gulf of Aden to the Red Sea.
Shutting both could sever Middle East oil flows to Europe, Asia, and the US, triggering an energy catastrophe.
The US prioritizes secure passage through these routes for national security. Trump's declaration signals readiness for military action against disruptions.
While Iran's threats may be strategic posturing to sway energy markets, escalation risks loom large.
The world watches anxiously, as one misstep could ignite conflict and roil oil prices.
Disappointing earnings from tech giants like Microsoft have eroded confidence in AI investments, spilling over into correlated assets like crypto, while precious metals (gold, silver) also declined.
Trump's nomination of Kevin Warsh as Fed chair has fueled fears of tighter monetary policy, higher rates, and reduced liquidity, strengthening the dollar and hurting risk assets.
Geopolitical tensions, including U.S. threats over Greenland, Venezuela, Ukraine, and Iran, have prompted investors to de-risk, amplifying sell-offs.
Massive liquidations exceeding $2 billion in Bitcoin positions created a domino effect, worsened by thin weekend liquidity and over $1 billion in ETF outflows signaling fading institutional interest.
$STABLE (Stable token) is currently trading around $0.028 USD, aligning with your proposed short entry range amid recent volatility. Recent data shows it hit a 24-hour high near $0.032 before pulling back about 8%, with mixed technical signals like a MACD golden cross but bearish MA alignment.
Current Price
$STABLE's live price sits at approximately $0.02796, down 7.95% over the past 24 hours from a high of $0.032.
Market cap is around $530 million, with 24-hour volume at $80-84 million and circulating supply of 17.6 billion tokens out of 100 billion total.
It has rallied +29.5% over the past week and +68% in 30 days, but short-term momentum shows rejection signs.
Technical Analysis
Price action matches your description: a bounce to prior resistance around $0.031-0.032 failed, with the 4-hour chart showing it 18% above pivot at $0.0262 but in a resistance zone near R1 ($0.0274) and R2 ($0.0283).
Indicators are mixed—StochRSI overbought (>80), EMAs/MA groups bearish (sell signals), but MACD bullish cross; overall sentiment leans bearish (75%).
Your levels fit: entry 0.0275-0.0288 near current spot, SL at 0.0310 above recent high, TPs scaling down to 0.0220 aligning with supports like S1 at 0.0253.
Trade Risks
Stable is a USDT-gas Layer-1 blockchain token for payments and DeFi, not a traditional stablecoin, adding volatility from ecosystem news or broader crypto trends.
High volume (15.8% of market cap) suggests liquidity for shorts, but recent +39% 90-day gains could signal upside if resistance breaks.
This is not financial advice—crypto trades carry high risk of loss; verify live charts on exchanges like MEXC or CoinMarketCap.$STABLE
Adam Back, Blockstream CEO, denied any direct or indirect financial ties to Jeffrey Epstein after DOJ documents listed him and co-founder Austin Hill.$AUCTION
The files mention a single 2014 meeting during an investor roadshow, when Epstein held a brief minority stake via a fund before withdrawing. $ZIL
Back stressed that appearing in records implies no wrongdoing. Blockstream has no ongoing Epstein connections.
BlackRock's recent transfers of Bitcoin and Ethereum to Coinbase, including a $133M ETH move on February 1, 2026, have sparked speculation but align with routine ETF operations.
These deposits often support liquidity management or rebalancing rather than immediate selling.
Transfer Context
BlackRock, via its iShares Bitcoin Trust (IBIT) and Ethereum ETFs, frequently moves assets to Coinbase Prime for institutional custody and trading prep.
No exact $538M BTC + $133M ETH combo appears in recent records, but similar large flows (e.g., $361M BTC/ETH in January 2026) occurred without confirmed mass sells.
On-chain data from firms like Lookonchain and Arkham tracks these as standard, not panic signals.
Market ReactionBitcoin trades around $77,000–$78,000 on February 2, 2026, down from recent highs near $90,000 amid broader pressures like Fed uncertainty, not isolated to this transfer.
Ethereum hovers near $2,300–$2,700, with no spike in panic volume or breakdowns post-deposits.
Prices have absorbed flows well, supporting the view that headlines overstate selling risk.
Key Takeaway Focus on price action and ETF flows over raw transfers—IBIT has seen mixed inflows/outflows without derailing BTC's range.
These moves reflect institutional engagement, not distribution.#StrategyBTCPurchase $BTC $ETH $SOL