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BNB strengthened above $900, supported by a 1.37 million token quarterly burn and rising on-chain activity, with BNB Chain TVL climbing to $7.10 billion.
Institutional interest in Bitcoin deepened, with $100.18 million flowing into spot ETFs and a $250 million Bitcoin mandate awarded to Two Prime.
Crypto infrastructure continues to mature, as CME prepares new altcoin futures, Polygon restructures for payments growth, and Sui addresses a temporary network outage.
The cryptocurrency market experienced major developments across various fronts, such as token-specific momentum, institutional adoption, and regulatory-grade product launches. Meanwhile, the leading blockchains also faced operational challenges.
BNB continues to trade above the $900 mark on Friday, hovering near the mid-$930s after recovering from a pullback earlier in the week.
The move comes as the BNB Foundation executed its 34th quarterly token burn, permanently removing 1.37 million BNB from circulation.
While the burn event appeared largely priced in, coinciding with profit-taking onchain indicators suggest improving fundamentals.
According to DeFi Llama, BNB Chain experienced a growth in TVL from $6.60 billion to $7.10 billion from the start of the month.
The Sui network suffered a roughly six-hour halt earlier this week after validators failed to certify checkpoints due to an internal consensus divergence.
In a detailed report, the Sui Foundation confirmed that the issue stemmed from validator state inconsistency, not congestion or an external attack.
The foundation stressed that no funds were lost, no transactions were rolled back, and safety guarantees were maintained throughout the incident.
While the SUI token dipped during the outage, prices stabilized once the network resumed, though community concerns persist.
Polygon Labs announced workforce reductions as it accelerates a strategic shift toward payments infrastructure built around stablecoins.
The move follows Polygon’s announcement of deals worth up to $250 million to acquire payments firm Coinme and wallet/developer platform Sequence.
Polygon executives framed the layoffs as a structural consolidation rather than performance-driven cuts, emphasizing a renewed focus on what it calls an “Open Money Stack.”
While the company did not disclose exact figures, reports from affected employees suggest reductions could approach 30% in certain teams.
Also Read: Bank of Italy Warns ETH Death Spiral Could Freeze $800 Billion in Assets
Institutional appetite for professionally managed Bitcoin strategies continues to expand. Digital Wealth Partners selected Two Prime to manage around $250 million in Bitcoin through a separately managed account structure.
The mandate highlights rising demand for low-volatility, bitcoin-denominated returns paired with transparent risk management.
Two Prime’s quantitative approach and bitcoin-secured lending operations have attracted offices, miners, and corporate treasuries, signaling growth in how institutions allocate to digital assets.
According to SoSoValue, the Bitcoin spot ETF saw a total net inflow of $100.18 million yesterday.
BlackRock’s IBIT led the day with $315.79 million in inflows, bringing its cumulative total to $63.43 billion,
Fidelity's ETF FBTC saw the highest net outflow of $188.89 million, and the total historical net inflow of FBTC currently stands at $12.12 billion.
The total net asset value of Bitcoin Spot ETFs is $125.18 billion, with an ETF net asset ratio of 6.58%.
Also Read: BTC Gains Strategic Relevance Beyond Price During Venezuela Shock
CME Group revealed its intention to offer futures contracts for Cardano, Chainlink, and Stellar next month, on February 9, if regulators approve.
The contracts will be available in micro and standard sizes, thus providing more options in regulated risk-management tools for altcoins.
Listings in the past on CME had a positive effect on liquidity and credibility and in some instances even led to spot ETF approvals, suggesting broader institutional participation may follow.
1. Why is BNB holding above $900 despite profit-taking?
BNB is supported by reduced supply from its quarterly burn and improving on-chain metrics, including higher TVL and transaction activity on BNB Chain.
2. What caused the Sui network outage?
The outage was triggered by an internal validator consensus divergence, not congestion or external attacks, and no user funds were affected.
3. Why did Polygon cut its workforce?
Polygon is restructuring to focus on stablecoin-based payments infrastructure following acquisitions tied to its $250 million “Open Money Stack” strategy.
4. What do Bitcoin ETF inflows indicate?
Sustained inflows suggest growing institutional demand for regulated Bitcoin exposure, helping support price stability and long-term adoption.
5. Why is CME launching altcoin futures important?
CME’s Cardano, Chainlink, and Stellar futures expand regulated risk-management tools and often signal deeper institutional participation in those assets.
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