Saturday, February 7, 2026

Bitcoin Dips to $60k, TRM Labs Reaches Crypto Unicorn Status

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Cryptocurrency markets skilled a brutal sell-off this week as investor concerns grew over stagnating US liquidity following US President Donald Trump’s nomination of Kevin Warsh to lead the Federal Reserve.

Bitcoin exchange-traded funds (ETFs) recorded three consecutive days of outflows, with $431 million exiting on Thursday, in accordance to data from Farside Buyers. Bitcoin’s (BTC) value briefly dipped to $60,074 on Friday earlier than recovering above $64,930 as of seven:49 a.m. UTC.

Warsh — who beforehand served as a Fed governor from 2006 to 2011 — is anticipated to proceed the rate of interest reduce trajectory. His nomination may additionally sign that broader market liquidity is anticipated to “stabilize reasonably than meaningfully increase,” Thomas Perfumo, economist at crypto trade Kraken, informed Cointelegraph.

The business recorded its Tenth-largest liquidation occasion on Jan. 31, as greater than $2.56 billion in leveraged positions had been worn out, according to derivatives information platform CoinGlass.

Prime 10 largest liquidation occasions in crypto historical past. Supply: Coinglass

TRM Labs completes $70M funding spherical at $1B, turns into crypto unicorn

Blockchain intelligence platform TRM Labs accomplished a $70 million Sequence C funding spherical, valuing it at $1 billion, changing into the newest crypto firm to attain unicorn standing.

The funding spherical was led by seed investor Blockchain Capital, with participation from Goldman Sachs, Bessemer Enterprise Companions, Brevan Howard Digital, Thoma Bravo, Citi Ventures and Galaxy Ventures, in accordance to a Wednesday information launch.

TRM Labs seeks to equip private and non-private establishments with AI options that fight cybercrime. The corporate defends towards illicit actions that more and more depend on automation.

“At TRM, we’re constructing AI for issues which have actual penalties for public security, monetary integrity, and nationwide safety,” wrote Esteban Castaño, co-founder and CEO of TRM Labs.

“This funding permits our world-class workforce — and the individuals who will be a part of us subsequent — to innovate alongside establishments on the entrance traces of probably the most consequential threats, and increase the potential of AI to meaningfully enhance how our essential programs are protected.”

The $70 million spherical reveals that capital is flowing into blockchain analytics platforms looking for to cease the unfold of AI-fueled scams and cyberattacks, together with from massive conventional establishments.

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Avalanche tokenization hits This autumn excessive as BlackRock’s BUIDL expands onchain

Blockchain community Avalanche noticed growing institutional adoption throughout tokenized cash market funds, loans and indexes within the fourth quarter, driving the worth of real-world property (RWAs) on the layer 1 to a brand new excessive.

The overall worth locked of tokenized RWAs on Avalanche rose 68.6% over the fourth quarter of 2025 and almost 950% over the yr to greater than $1.3 billion, boosted by the $500 million BlackRock USD Institutional Digital Liquidity Fund (BUIDL) that launched in November, Messari analysis analyst Youssef Haidar said in a Jan. 29 report.

Fortune 500 fintech FIS partnered with Avalanche-based market Intain to launch tokenized loans in November, additional boosting Avalanche’s TVL, Haidar stated. Intain permits 2,000 US banks to securitize over $6 billion worth of loans on Avalanche.

The S&P Dow Jones additionally partnered with Dinari, an Avalanche-powered blockchain, to launch the S&P Digital Markets 50 Index, which tracks 35 crypto-linked shares and 15 crypto tokens on Avalanche.

Change in Avalanche real-world asset tokenization during the last 12 months. Supply: Messari

Conventional finance corporations are more and more assured about experimenting with tokenization, because the Securities and Change Fee has turn into extra open to crypto merchandise over the previous yr.

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ParaFi Capital makes $35M funding in Solana-based Jupiter

Jupiter stated it has secured a $35 million strategic funding from ParaFi Capital, marking the primary time the Solana-based onchain buying and selling and liquidity aggregation protocol has taken outdoors capital after years of bootstrapped development.

The transaction concerned token purchases at market costs with no low cost and an prolonged lockup interval and was settled completely in Jupiter’s JupUSD stablecoin, the businesses stated. Monetary phrases past the $35 million funding weren’t disclosed.

Decentralization, Venture Capital, DeFi, Solana
Supply: Jupiter

The funding comes as Jupiter has processed greater than $1 trillion in buying and selling quantity over the previous yr and expanded past swap routing into perpetuals, lending and stablecoins, in accordance to the corporate.

The deal additionally included warrants permitting ParaFi Capital to purchase extra tokens at increased costs, a construction the businesses stated was meant to mirror long-term alignment. 

The funding follows a current enlargement of Jupiter’s product choices. In October, Jupiter rolled out a beta model of its onchain prediction market developed with Kalshi, adopted in January by the launch of JupUSD, a Solana-native, dollar-pegged stablecoin inbuilt partnership with Ethena Labs.

Jupiter’s native token (JUP) was up round 9% over the previous 24 hours, in accordance to CoinGecko information.

Decentralization, Venture Capital, DeFi, Solana
Supply: CoinGecko

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Aave winds down Avara, phases out Household pockets in DeFi refocus

Aave Labs stated it’s sunsetting its “umbrella model” Avara within the firm’s newest transfer to refocus on decentralized finance and simplify its branding.

Aave founder and CEO Stani Kulechov posted Tuesday on X that Avara, an organization encompassing tasks together with the Household crypto pockets and beforehand the social media platform Lens, “is not required as we go all in on bringing Aave to the lots.”

Kulechov stated the Apple iOS-based Household crypto wallet was additionally being wound down because the workforce has “discovered that onboarding hundreds of thousands of customers requires purpose-built experiences, similar to financial savings, reasonably than generic, open-ended pockets experiences.”

The transfer marks Aave’s newest effort to refocus on merchandise similar to its flagship lending protocol because the venture handed stewardship of Lens to the Masks Community final month, with Kulechov saying Aave’s participation within the protocol could be diminished to an advisory position so it could possibly focus on DeFi.

Supply: Stani Kulechov

Kulechov stated in his newest submit that Aave was “now united as one workforce of world-class designers, engineers, and good contract specialists, aligned round a single mission: bringing DeFi to everybody.”

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Step Finance treasury wallets breached, $27M in SOL drained as STEP crashes 90%

Step Finance, a decentralized finance portfolio tracker on Solana, disclosed a safety breach that led to the compromise of a number of treasury wallets, triggering a pointy sell-off in its native token.

“Earlier right this moment, a number of of our treasury wallets had been compromised by a classy actor throughout APAC hours. This was an assault facilitated by means of a widely known assault vector,” the platform wrote in a submit on X, including that they’ve taken “remediation” steps.

Onchain information reviewed by blockchain safety agency CertiK shows that roughly 261,854 Solana (SOL) (price round $27.2 million) was unstaked and transferred from Step Finance-controlled wallets.

Step Finance has not but confirmed the entire scale of the losses. The workforce additionally didn’t disclose how the attacker gained entry, nor whether or not the incident stemmed from a sensible contract flaw, compromised keys or an inside entry concern. It additionally stays unclear whether or not any consumer funds had been affected, past protocol-owned property.

The compromised transaction. Supply: Certik

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DeFi market overview

In accordance to information from Cointelegraph Markets Pro and TradingView, many of the 100 largest cryptocurrencies by market capitalization ended the week within the purple.

The privacy-preserving Zcash (ZEC) token fell 35% to file the week’s largest decline within the high 100, adopted by the Story (IP) token, down 34% throughout the previous week.

Complete worth locked in DeFi. Supply: DefiLlama

Thanks for studying our abstract of this week’s most impactful DeFi developments. Be a part of us subsequent Friday for extra tales, insights and schooling relating to this dynamically advancing area.