Gate Daily (February 4): Ondo Finance launches tokenization services on IPO debut; Aave shuts down Family wallet

Bitcoin (BTC) experienced a slight rebound after a significant decline, currently around $76,220 as of February 4. Donald Trump signed a funding bill, ending the partial government shutdown. Ondo Finance launched the “Global Listing” service, enabling IPO stocks to be tokenized on their first day of trading. Aave founder announced the closure of the Family wallet and deactivation of the Avara brand, fully returning focus to Aave.

Macro Events & Crypto Hotspots

1. The tokenized real asset platform Ondo Finance announced the launch of the “Ondo Global Listing” service. This service allows US stock IPOs to be brought onto the blockchain in near real-time simultaneously with their traditional listing. Through the Ondo Global Markets platform, trading on major mainstream blockchains is available from the first day of listing. Ondo states that hundreds of millions of investors worldwide have been restricted from participating in US IPOs. This new service will enable wallets, exchanges, and blockchains to provide their global user base with on-chain IPO exposure from day one. These tokenized stocks are permissionless, transferable, and designed to be composable within the most widely used blockchain ecosystems, similar to stablecoins.

2. Aave founder Stani Kulechov announced the closure of the Family wallet and deactivation of the Avara brand, with a full return to Aave. He wrote: “We will gradually shut down the Family iOS wallet service. As part of this transformation, we will no longer need the Avara brand and will focus entirely on bringing Aave to the masses. Currently, we have assembled a team of top designers, engineers, and smart contract experts dedicated to a mission: enabling everyone to experience DeFi.”

3. US President Donald Trump signed a government funding bill in the Oval Office on February 3, ending the partial government shutdown. Earlier that day, the US House of Representatives passed a bill to fund multiple federal agencies through the remainder of the fiscal year, resolving the shutdown that began on January 31. The bill allocates funds to several federal departments until September 30, the end of this fiscal year, and provides two weeks of funding for the Department of Homeland Security amid recent controversies and protests over immigration enforcement, allowing ongoing negotiations to improve the department’s operations.

News Highlights

1. Trump signs funding bill, ending partial government shutdown

2. Nvidia may invest $20 billion in OpenAI; details still under negotiation

3. Vitalik sold 1,441 ETH within two days, worth about $3.3 million

4. The prototype of “The Big Short” protagonist: Bitcoin crash may trigger a $1 billion gold and silver sell-off

5. WisdomTree CEO: Cryptocurrency has become a core business, tokenized assets increased to $750 million

6. Standard Chartered lowers 2026 SOL price forecast to $250, but targets $2,000 by 2030

7. Vitalik: Unless Layer 2 can “extreme scale” or innovate, the original vision is no longer applicable

8. Ondo Finance launches “Global Listing” service, enabling IPO stocks to be tokenized on the first day

Market Trends

1. Latest Bitcoin news: $BTC experienced a slight rebound after a deep decline, currently around $76,220. Over the past 24 hours, $270 million in futures were liquidated, mostly long positions.

2. The US stock market on February 4 showed polarized volatility. The S&P 500 index mostly rose, but heavy losses in large tech and software stocks dragged the major indices down collectively. Investors are increasingly worried that AI will threaten the core businesses of traditional software companies, leading to the largest single-day decline since April last year; meanwhile, Middle East geopolitical risks flared again, boosting energy stocks. The Dow Jones Industrial fell 166.67 points, down 0.3%, closing at 49,240.99. The S&P 500 dropped 58.63 points, down 0.8%, closing at 6,917.81. Tech stocks faced the heaviest selling pressure, with the Nasdaq Composite plunging 336.92 points, down 1.4%, closing at 23,255.19.

(Source: Gate)

3. According to the Gate BTC/USDT liquidation map, with the current price at $76,125, if it drops near $76,013, the total long liquidation exceeds $91.71 million; if it rises to around $77,017, the total short liquidation exceeds $252 million. Short positions are significantly more liquidated than longs, so it is advisable to control leverage reasonably to avoid large-scale liquidations during market fluctuations.

(Source: Coinglass)

4. In the past 24 hours, BTC spot inflow was $3.33 billion, outflow $3.89 billion, resulting in a net outflow of $560 million.

(Source: Coinglass)

5. In the past 24 hours, net outflows led by contracts trading of $ADA, $BCH, $XAUT, $UNI, $TRX, indicating potential trading opportunities.

Selected Opinions from X Influencers

Phyrex Ni (@Phyrex_Ni): “Bitcoin’s price has already fallen below the level seen last April during the trade war. Moreover, this is during Trump’s presidential campaign, where he aimed to make Bitcoin a strategic reserve. After the US became the crypto capital, Bitcoin hit its lowest point. During the trade war, at least the reasons were clear, but this time it’s probably due to liquidity issues, causing even minor market movements to trigger large sell-offs.”

“Of course, US stocks are also declining today, and it only started after the market opened. Pre-market CME US stock futures were still performing well, indicating that mainly Asian and European investors in their primary trading hours haven’t sold off much, and US stocks initially rose before sharply falling. Maybe it’s due to pessimism about the US government shutdown.”

“Another possibility I can think of is the geopolitical conflict between Iran and the US, but it doesn’t seem quite right. We’ll see tomorrow. Currently, the House is voting on the funding bill. If it passes, the shutdown will likely end. If so, markets should rebound. If not, it could get more complicated.”

“Looking at Bitcoin data, the actual turnover isn’t very high, meaning the market isn’t in panic mode. Most turnover is from short-term investors; early investors haven’t shown clear signs of exiting. So, the selling pressure isn’t very high. The main reason for the sharp decline is probably poor liquidity, with low buying volume. I’ll check the data tomorrow.”

“Many are saying the market looks bad now, but let’s first exclude reasons. I just saw the shutdown is over; the House voted and sent it to Trump for signing. Let’s see if the market can stop falling. The current chip structure still looks normal, with no large-scale capital shifts. But US stocks are still falling; the Nasdaq is down 2.5%. If it’s really just because of the shutdown, it’s simple.”

Today’s Outlook

1. China January S&P Global Composite PMI, previous 51.3

2. China January S&P Global Services PMI, previous 52.0

3. Eurozone January CPI preliminary (month-over-month), previous 0.2%

4. Eurozone December Producer Price Index (year-over-year), previous -1.7%

5. Eurozone January CPI preliminary (year-over-year), previous 1.9%

6. US January ADP employment change (thousand), previous 41.0

7. US December Durable Goods Orders (month-over-month, revised), previous 5.3%

8. US Weekly EIA Crude Oil Inventories Change (ten thousand barrels), previous -229.5