Market Update for Wednesday, February 4

- Gold has regained the $5,000 mark. Bitcoin is fluctuating between $73,000 and $76,000. The market sentiment index remains low at 14, indicating "extreme fear."

- U.S.-Iran tensions are escalating. President Trump has signed a budget bill, ending a four-day government shutdown.

- At 8:15 PM tonight, the ADP employment report for January will be released, with forecasts at 46,000, up from 41,000 previously.

ETF Spot Update for February 3

- Bitcoin is down $332 million, with Fidelity selling $148.7 million. BlackRock has no data available.

- Ethereum is down $28.9 million, with no data from BlackRock.

- Solana is up $0.9 million.

- White House crypto advisor Patrick Witt opposes including anti-Trump provisions in the CLARITY Act.

- The Nevada state regulator is suing Coinbase for offering unlicensed sports betting.

- Vitalik Buterin acknowledges that the original vision for Layer 2 solutions is no longer relevant and advises that L2s need to find new purposes.

- Y Combinator, a top startup incubator in Silicon Valley, is offering approximately $500,000 in USDC funding for startups.

- MetaMask has partnered with Ondo to tokenize U.S. stocks, ETFs, and commodities on Ethereum, allowing swaps with USDC directly in the wallet.

-   Crypto.com has launched a prediction market app in the U.S., regulated by the CFTC, aiming to be the first prediction platform with margin trading.

- Aave DAO has proposed freezing V3 on zkSync, Metis, and Soneium. New chains wishing to deploy must commit to a minimum revenue of $2 million per year.

- Holders of $AXS can receive an airdrop of the new token bAXS by staking 10 $AXS before February 5. bAXS cannot be traded and is only usable in-game.