The crypto markets experienced over $10 billion in liquidations in just 24 hours on February 3, primarily driven by global trade war concerns. Bybit's CEO estimated that actual liquidations could be as high as $10 billion, stating that the platform alone accounted for $2.1 billion in liquidations. In contrast, investment continued to pour into the sector, with the 0G Foundation introducing an $88.88 million fund aimed at boosting AI-powered DeFi applications. Meanwhile, the Solana network saw a significant revenue increase of 213% in Q4 2024, attributed to memecoin speculation. The liquidity protocol THORChain approved a restructuring plan for $200 million of debt, while Federal Reserve Governor Christopher Waller advocated for regulated stablecoins, which he believes could strengthen the US dollar's global standing. Most major cryptocurrencies saw declines, with the Virtuals Protocol token dropping over 46%.

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