Capital Flow

The tokenized commodity market has increased by 53% in six weeks, reaching $6.1 billion, as gold transfer onto the blockchain makes it the fastest-growing vertical in the real-world asset tokenization market. By early 2026, the tokenized commodity market is valued at just over $4 billion, with gold products dominating the market. Tether Gold and PAX Gold listed by Paxos account for over 95% of the share, with growth outpacing tokenized stocks and funds.

ChainCatcher reports that the price of gold (XAUT) is fluctuating steadily, currently slightly above approximately $5,025. The total 24-hour trading volume of XAUT contracts across the entire network is $724 million. The Gate platform is actively trading, offering efficient metal trading experiences and leverage services.

ChainCatcher message: According to Arkham data, at 14:38, 56,989,100 POL (worth approximately $5,075,600) was transferred from an anonymous address (starting with 0xBdB9...) to FalconX.

Matrixport analyzes that Bitcoin ETF capital inflow has slowed down due to narrowing market basis and low retail participation. The gains from futures-spot arbitrage are limited, making it difficult for institutional funds to accelerate their allocation, resulting in prolonged market consolidation.

Despite the downturn in the cryptocurrency market, Strategy founder Michael Saylor remains optimistic about Bitcoin's long-term prospects, predicting that over the next 4 to 8 years, its performance will surpass the S&P 500 index by 2 to 3 times. Strategy has recently continued to increase its Bitcoin holdings, with a total of 714,644 coins, facing an unrealized loss of approximately $5.2 billion, but Saylor firmly states he will not sell his Bitcoin.

Doppler Finance and OpenEden Announce Integration, Allowing XRP and RLUSD Holders to Directly Earn US Treasury Bond-Backed Yields on XRPL. The scheme connects XRPL liquidity with institutional-grade products through OpenEden's tokenized Treasury Bill (TBILL) and yield-stablecoin USDO. XRPL RWA indicator soars, representing an asset value of $1.45 billion.

According to SoSoValue data, on February 10th, the total net inflow of Ethereum spot ETFs was $13,818,400. Among them, Grayscale Ethereum Mini Trust ETF had the highest net inflow, totaling $13,317,300. Currently, the total net asset value of Ethereum spot ETFs has reached $11.755 billion, with a historical cumulative net inflow of $11.880 billion.

According to SoSoValue data, on February 10th, the total net inflow of XRP spot ETFs was $3,262,400, of which Grayscale XRP Trust ETF had a net inflow of $2,167,200, and Bitwise XRP ETF had a net inflow of $1,095,100. The total net asset value of XRP spot ETFs reached $1.006 billion, with a historical cumulative net inflow of $1.231 billion.

ChainCatcher message: According to Arkham data, at 12:17, 35 BTC (worth approximately $2,388,300) was transferred from an anonymous address (starting with bc1q8q62...) to Cumberland DRW.

On February 11, news reports indicate that according to the latest 13F filing submitted by Goldman Sachs to the U.S. Securities and Exchange Commission, the company made significant adjustments to its cryptocurrency ETF holdings in Q4 2025, reducing holdings of spot Bitcoin and Ethereum ETFs while increasing holdings of newly launched spot XRP and Solana ETFs. As of December 31, 2025, Goldman Sachs held approximately 21.2 million shares of Bitcoin ETF, with a total value of about $1.06 billion, down 39.4% from the third quarter. At the same time, the company held approximately 40.7 million shares of Ethereum ETF, valued at around $10 billion, a 27.2% decrease year-over-year. The reductions occurred against the backdrop of Bitcoin prices falling from approximately $114,000 to about $88,400 and Ethereum from $4,140 to $2,970 in the fourth quarter.

MicroStrategy founder Michael Saylor predicts that Bitcoin's performance over 4-8 years will be 2-3 times that of the S&P, reaffirming that he will not sell and will buy each quarter. The company purchased 1,142 BTC this week, bringing total holdings to 714,644 BTC with an average cost of $76,056. Despite MicroStrategy posting a $12.6 billion loss in Q4, the focus remains on long-term growth.

Sky Bridge Capital founder Anthony Scaramucci stated that despite the market downturn, they are still increasing their Bitcoin holdings and are optimistic about Solana becoming one of the leading programmable blockchains.

SkyBridge Capital founder Anthony Scaramucci stated at the (Consensus Hong Kong) conference in Hong Kong that he is continuously buying Bitcoin during the market downturn. Scaramucci revealed that he purchased Bitcoin last week at $84,000 and added more this week at $63,000, describing buying Bitcoin in a falling market as like catching a falling knife. Bitcoin's recent price briefly dropped to nearly $60,000, after reaching a high of $126,000 in October 2025. Subsequently, due to a short-term correction in the Bitcoin ETF market, the price rebounded to around $69,000. Scaramucci remains optimistic about the long-term outlook of the market, believing that current lows present an opportunity to establish long-term positions.

Over 1M SOL have been withdrawn from exchanges in 72 hours as long-term holders show confidence. Post-flush price consolidation shows that the market absorption is not renewed selling pressure. In February, TVL cooled gradually, as holders redistributed

BitMine holds 4.326 million ETH, accounting for 3.6% of the circulating supply, making it the largest corporate holder. On-chain data shows a single-day purchase of 40,000 ETH worth $83.4 million on Monday. Tom Lee states that the price of Ethereum does not reflect its utility, with nearly 2.9 million ETH in a staked state.

California elites are moving to Florida for tax reasons, with a Miami mansion priced at 700 BTC (49 million USD). Zuckerberg moved from California to the Indian Creek community in Miami, neighbors include Bezos, Brady, and Khosrowshahi. Palihapitiya states that California billionaires' wealth has dropped from 2 trillion to less than 1 trillion.

Hyperliquid's HIP-3 set a record of $5.2 billion in daily trading volume on February 5, with silver perpetual contracts reaching $4.09 billion. TradeXYZ led the way, with precious metal contracts accounting for 90% of the trading volume. Previously, gold broke $5,000 and silver dropped below $100, leading to a sharp decline. The platform's metal trading volume has reached 1% of COMEX, transforming into a full-asset trading layer.

Pi Network has fallen from a high of $3 to around $0.14. X users accuse the team of years of promises with no mainnet, only a mobile mining show, calling it the longest-running scam disguised as Web3. The project team is about to unlock 250 million tokens, with an average of 8.3 million per day, releasing 23.6 million on February 13. The RSI is at 35, approaching oversold levels, suggesting a possible rebound.

Goldman Sachs disclosed a $2.36 billion cryptocurrency exposure in its Q4 2025 13F filing, with holdings including $1 billion in BTC, $1 billion in ETH, $153 million in XRP, and $108 million in SOL. Held through regulated instruments like XRP ETFs, rather than direct holdings. Goldman Sachs manages $3.6 trillion in assets, and this move marks a shift from skepticism to cautious embrace of cryptocurrencies.