Despite a violent $7 trillion deleveraging event sparked by the "Warsh Shock," the 2026 gold and silver bull market remains fundamentally intact as a necessary technical reset. This correction offers a strategic buying opportunity as structural supply shortages and central bank demand continue to outweigh short-term volatility in the paper markets.

On 31 January, Ethereum dropped 17.38% from the day's open at $2,702 and later traded near $2,219. According to CoinMarketCap, broader risk appetite weakened as BTC fell over daily and weekly periods and the Fear & Greed Index printed 15. The analysis highlights $2,147 as a crucial retracement level, with $2,000 and $1,383 marking potential downside triggers.

On February 2, 2026, the U.S. State Department authorised a potential $9 billion sale of Patriot missile systems to Saudi Arabia, following Defence Security Cooperation Agency approval on January 31. The package covers up to 300 Patriot MIM-104E GEM-T missiles plus associated equipment and training, with Raytheon as the main contractor, and still requires congressional review.

On February 1, 2026, CrossCurve warned on X that its cross-chain bridge was under attack due to a smart contract vulnerability. The team reported about $3 million in losses across several networks, while Defimon Alerts described a spoofed cross-chain message path and CrossCurve offered a 10% white-hat bounty with a 72-hour deadline for fund returns.

On February 2, 2026, Jupiter announced Polymarket's launch on Solana via its platform, aiming for faster and lower-cost prediction market trading. A prior Jupiter beta with Kalshi saw a single test market exceed $120,000 in volume, while reports said the exchange had 8.4 million active users in Q3 last year.

On 2 February 2026, CrossCurve confirmed an active security incident after a bridge-related contract flaw let forged cross-chain messages slip past validation, draining roughly $3 million across multiple networks. Investigations are ongoing, and partners have urged users to reassess exposure and temporarily stop interacting with the protocol.

On February 2, 2026 at 21:00 (UTC+8), Binance plans to launch spot trading for Zama with ZAMA/USDT, ZAMA/USDC, and ZAMA/TRY pairs following an $11 million Pre-TGE Prime Sale. Zama's price has fluctuated between $0.1585 and about $0.042 ahead of the listing and recently traded near $0.04 with a market cap slightly above $97 million.

HYPE has surged over 40% to $32 as Hyperliquid defies the broader crypto sell-off, powered by record $1.3 billion daily on-chain gold and silver trading and a fee-driven buyback engine that channels up to 97% of revenue into HYPE demand. With HyperEVM now hosting 35+ protocols, $639 million in TVL at Kinetiq, and over 42% of supply staked, HYPE is increasingly viewed as a revenue-backed DeFi asset rather than a purely speculative altcoin.