Today's Summary and Weekend Events: https://t.me/bingx1/2147483647

The Senate approved legislation aimed at preventing a government shutdown.

Lighter has officially launched the Lighter EVM. You can check it out here.

KRAKacquisition Corp, supported by Kraken, has successfully completed an expanded initial public offering (IPO) worth $345 million. cointelegraph

Tether reports over $10 billion in net income for 2025, according to BDO annual audit.

The European Commission is calling on 12 EU member states to implement regulations for taxing cryptocurrencies. cointelegraph #regulation

SoFi Technologies, a digital banking firm, reported a fourth-quarter revenue of $1 billion following the reinstatement of its cryptocurrency-related consumer offerings. cointelegraph

Coinbase and other cryptocurrency and banking organizations will join a White House summit on Monday to discuss stablecoin rewards.

JPMorgan reports that momentum indicators suggest Bitcoin futures are presently oversold, while gold and silver futures are overbought. The firm has identified a long-term price target for gold in the range of $8,000 to $8,500.

JPMorgan indicates that momentum indicators show Bitcoin futures are currently oversold, while gold and silver futures are overbought. The bank has identified a long-term gold price target between $8,000 and $8,500.

Bitcoin declines 34% following FOMO fueled by CZ's October rally comment, leading traders who bought post-endorsement to mark substantial losses.

Bitcoin declined approximately 34% from its peak after CZ's post, which initially spurred notable FOMO following the cryptocurrency's all-time high in early October, according to Santiment.

The U.S. federal government has entered a "technical partial shutdown" due to the House of Representatives being in recess and the failure to pass a funding bill on schedule. Although the Senate has approved the House budget measure, a vote is scheduled for February 2.

Jupiter has officially launched the P2P lending market, Jupiter Offerbook, alongside the Solana ecosystem explorer explore.ag and Jupiter Mobile v4.

iShares Staked Ethereum ETF (ETHB) has been added to the DTCC website.

Ripple co-founder and venture capitalist Tim Draper has launched the Crypto PAC "Grow California," with a goal of raising $40 million to support efforts ahead of the upcoming midterm elections.

Haseeb Qureshi, Managing Partner at Dragonfly, dismissed OKX CEO's claim linking Binance to the October market crash, asserting it is unfounded. He pointed out that Bitcoin's lowest price occurred approximately 30 minutes prior to the USDe anomaly on Binance, contradicting the narrative of a causative relationship. Qureshi also noted that the USDe price discrepancy was confined to Binance and did not affect other exchanges, failing to explain the widespread liquidations in the broader market.

CZ responded: "Dragonfly was previously one of OKX's largest investors. The data is clear, and the sequence of events contradicts the claims being made."

Step Finance was compromised in a security breach, resulting in the loss of 261,854 SOL, valued at approximately $30 million.

Bitcoin OG has reduced some of its long ETH positions after generating $142 million in profits. The trader now faces unrealized losses exceeding $67 million. Currently, they hold 188,086 ETH valued at approximately $472 million, with a liquidation price of $2,261.

CoinGlass reports over $420 million in liquidations in the past four hours, totaling nearly $960 million in the last 24 hours. The largest liquidation occurred on Hyperliquid, where an ETH trader lost $13.38 million.

CoinGlass reports over $420 million in liquidations in the past four hours and nearly $960 million in the last 24 hours. The largest liquidation occurred on Hyperliquid, with an ETH trader losing $13.38 million.