Hong Kong has implemented a licensing regime for fiat-denominated stablecoin issuers under a stablecoin ordinance that took effect in August, with regulators now processing applications. Officials have described digital assets as a new growth area and expect to publish the first list of approved stablecoin issuers in Q1 2026.

Solana’s SOL token dropped to $100.30, its lowest level since April 2025, after a 30-day drawdown that aligned with broader altcoin weakness and macro risk-off moves in tech, AI and commodities. At the same time, Solana’s onchain activity and fee revenue have sharply outperformed rival networks, suggesting a widening gap between fundamentals and price. Derivatives data, ETF outflows and pressure on public firms holding SOL show traders have reduced leverage, leaving the token’s recovery dependent on an improvement in global economic and geopolitical sentiment.

On 1 February 2026, six notable crypto projects were highlighted for their positioning ahead of the next potential altcoin uptrend, including ZKP, Solana, Avalanche, Sui, The Sandbox, and Axie Infinity. These projects are being tracked for factors such as ecosystem development, long-term usage, and infrastructure design rather than short-lived hype. They span privacy-focused AI computation, high-speed base layers, scalable smart contracts, and gaming or metaverse platforms.

SUI is trading in a compression zone near key resistance around $2, with analysts highlighting this area as a typical smart money entry stage. The weekly chart shows an intact ascending channel, demand between $1.15 and $0.80, and price currently hovering near $1.28 with support at $1.50. A sustained move above $2 could open the way toward $2.50 and higher targets, while failure to clear resistance risks a downside retest toward $1.20.

On February 1, 2026, Arkham Intelligence said the trader known as the Hyperunit whale emptied its ETH treasury into Hyperliquid, with estimated losses near $250 million. The account had earlier made roughly $200 million by shorting Bitcoin and Ether ahead of Donald Trump’s 100% tariff announcement in October. CoinMarketCap showed ETH at $2,418.31, down 10.31% over 24 hours.

On January 31, 2026, the U.S. government entered a partial shutdown after Senate funding votes failed amid DHS reform disputes. A Senate spending bill awaits House review until February 2. Bitcoin traded at $78,552.41, down 6.55% over 24 hours and 11.89% over the past week, with dominance at 58.96% and a market cap of 1.57 trillion.

Shytoshi Kusama, Shiba Inu's lead developer and co‑founder, reappeared on X and, on January 29, 2026, hinted at a Sunday moment to address ecosystem issues. One exchange referenced the September 2025 Shibarium Bridge exploit involving $4.1 million. Meanwhile, SHIB trades near $0.0000071, down 1.8% in 24 hours and 10.5% over seven days.

Pi Network's 2.03% daily rise to the $0.17 supply zone on Friday and early Saturday met another rejection. Technical gauges still lean bearish as the MACD's recent crossover signals limited upside despite the chance of a retracement toward $0.19-$0.20.