Markets Slide as Traditional Finance Embraces Tokenization

馃敾 When TradFi Crashes the Party

By RugRadio Genesis NFT
Feb 6, 2026, 3:50 PM
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Market Overview

Crypto markets declined sharply with BTC falling to $84.​3k (-7%), ETH to $2.​8k, and SOL to $118.​ BTC ETFs recorded $19M in outflows while ETH ETFs saw $28M in inflows.​ Gold reached a new high of $5.​6k.​

Institutional Developments

  • Fidelity launched FIDD stablecoin on Ethereum
  • JPMorgan and Citadel met with SEC regarding tokenized securities and DeFi projects
  • White House organizing meetings between banks and crypto firms to address Clarity Act concerns

Platform Updates

  • Hyperliquid's HIP-3 generated over $2B in trading volume as precious metals hit all-time highs
  • Coinbase announced Wednesday launch of prediction market "Coinbase Predicts" and listed HYPE token
  • Gemini introduced Zcash credit card offering ZEC rewards on purchases
  • MegaETH set mainnet and token launch for February 9

Token Activity

Moonbirds' BIRB token doubled to $420M+ fully diluted valuation following its debut.​ A Luci skull NFT sold for $400k.​

Sources

What's new? 馃敼Crypto majors green as dollar dips; BTC - $89.7k, ETH - $3k, SOL - $126 馃敼BTC ETFs see $147M in net outflows while ETH ETFs see -$64M 馃敼Gold hits new ATH of $5,274 馃敼South Korea allows residents to invest in overseas crypto 馃敼HYPE up 50% in 2 days, back at $33+

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What's new? 馃敼Crypto majors fall up to 7%; BTC - $84.3k, ETH - $2.8k, SOL - $118 馃敼BTC ETFs see $19M in net outflows while ETH ETFs see +$28M 馃敼Gold hits $5.6k 馃敼Hyperliquid鈥檚 HIP-3 does $2B+ in volume as gold and silver hit ATH 馃敼The White House pushes for meeting with

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What's new? 馃敼Crypto majors up 1-2%; BTC - $90.3k, ETH - $2.9k, SOL - $128 馃敼BTC ETFs see $32M in net outflows while ETH ETFs see -$42M 馃敼@Ledger prepares for $4B IPOLedger prepares for $4B IPO 馃敼PWC says institutional crypto is too far deep to be reversed 馃敼Leshner鈥檚 SuperState

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Read more about RugRadio Genesis NFT

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