In the past hour, total liquidations across the network reached $31.33 million, with $28.36 million from long positions, with $2.96 million from short positions. BTC liquidation $10.42 million, ETH liquidation $9.25 million.

Despite signs of resilience in the US labor market suggesting the Federal Reserve may remain on hold for an extended period, the dollar continues to weaken. Corpay strategist Carl Shamotta stated, "This indicates that bearish sentiment is deeply entrenched and serves as a warning to those, including ourselves, who expect strong US fundamentals to provide support. By historical standards, the dollar's decline so far has been modest, and further downside potential remains if market sentiment does not change." (Jinshi)

According to Odaily Planet Daily, CZ, in response to questions about AI development trends on Binance Square, stated that AI will definitely see a flourishing of diverse applications. He believes that two years may be a long timeframe for him, but one thing seems certain: future AI agents will most likely use cryptocurrencies for settlement.

Odaily Planet Daily reports that prediction market platform Polymarket announced the official opening of "The Polymarket," New York City's first free grocery store, located at 137 South 7th Avenue. Built by New Yorkers, it serves the city's residents. This comes amidst intensified competition between prediction market platforms Kalshi and Polymarket for new user acquisition. Kalshi launched an event on February 3rd at WestSide Market in Lower Manhattan, offering customers $50 worth of free groceries. Long lines formed, with many participants stating that this was equivalent to several hours' wages, making it very attractive. Kalshi co-founder Tarek Mansour stated that this initiative was to give back to the community and expand its user base. Polymarket, meanwhile, opened "The Polymarket," New York City's first free grocery store, today. All items are free, no purchase required, and open to all New Yorkers. An additional $1 million has been donated to local food banks.

Odaily Planet Daily reports that Bank of America economists are raising questions about investor speculation regarding a potential "coordinated agreement" between the Federal Reserve and the U.S. Treasury. The bank believes such an agreement is "undefined" and the possibility has likely already been priced into the market. "Unless the agreement goes beyond the scope of current market discussion, any new agreement is unlikely to trigger substantial price volatility," Bank of America stated, adding that the agreement would primarily revolve around the Fed's balance sheet reduction and U.S. Treasury issuance. Economists predict a greater impact on the market if monetary policy is affected (which the bank considers highly unlikely) or if the Treasury restricts long-term debt issuance (which Bank of America considers possible). (Golden Ten)