Morgan Stanley suggests that a Federal Reserve led by Kevin Warsh could exacerbate volatility in the U.S. Treasury market due to reduced public policy communication. Since Warsh's nomination, traders have primarily focused on his stance on the size of the Fed's balance sheet or the appropriate level of policy rates. At Morgan Stanley, Hornbach and Tobias, among others, believe the former governor prefers a "smaller balance sheet," which could push up the yield curve relative to long-term Treasury yields. However, the bank believes a shift in communication methods under Warsh's leadership could exacerbate investor uncertainty, which is key. This includes reduced interaction between Fed officials and the media, especially before FOMC meetings, and the potential cancellation of the "dot plot" or summary of economic projections. "The greater likelihood of surprises in monetary policy, and a reduced consensus among investors on the future path, should push up real volatility," Hornbach and Tobias stated.

Odaily Planet Daily reports that Aster announced a precious metals trading contract promotion on its X platform. Users trading metal trading pairs such as XAUUSDT and XAGUSDT can earn double rewards: a $1 million prize pool and S6 credits. The prize pool size is linked to total trading volume; when total trading volume reaches $10 billion, the prize pool will unlock to $1 million. User share is calculated based on their trading fees and open interest (OI). The promotion runs from 00:00 UTC on February 3rd to 23:59 UTC on February 8th, and is only open to Aster perpetual contracts or Binance Wallet (web version) users, excluding market makers.

According to an official announcement, Binance Margin Trading Platform will remove the following margin trading pairs at 06:00 (UTC) on February 6, 2026: Cross Margin pairs include KNC/BTC, COTI/BTC, BAT/BTC, DUSK/BTC, RLC/BTC, GRT/ETH, GLM/BTC, and KAVA/BTC; Isolated Margin pairs include KNC/BTC, COTI/BTC, BAT/BTC, DUSK/BTC, JST/BTC, RLC/BTC, GRT/ETH, GLM/BTC, KAVA/BTC, and CTK/BTC. The platform will suspend lending and borrowing functions for the above isolated margin pairs at 06:00 (UTC) on February 4, and will close user positions, perform automatic settlement, and cancel all pending orders at 06:00 (UTC) on February 6. Users can still trade these assets on other available trading pairs on the Binance Margin Trading Platform. (This news item was generated with AI assistance.)

Odaily Planet Daily reports that ING Deutschland, a major German retail bank, has opened up investment opportunities in cryptocurrency-related exchange-traded notes (ETNs/ETPs) to retail clients, allowing them to invest in crypto assets such as Bitcoin, Ethereum, and Solana through its Direct Depot platform. ING stated that these products are physically backed instruments issued by institutions such as 21Shares, Bitwise, and VanEck, and traded on regulated exchanges. Clients gain exposure to crypto assets without needing to manage their own wallets or private keys. ING also cautioned that these products still face risks such as high price volatility, issuer risk, liquidity issues, and regulatory uncertainties. The bank noted that in Germany, the tax treatment of these ETNs is similar to that of directly holding crypto assets, and they may be eligible for capital gains tax exemption after being held for more than one year. (The Block)

According to information on related pages, the prediction market platform Polymarket recently launched several prediction topics related to the Chinese New Year Gala. One of the predictions is whether renowned singer Li Guyi will perform at the 2026 Spring Festival Gala. In addition, the platform also launched predictions related to "robot brands participating in the Spring Festival Gala," with candidate brands including Unitree Robotics and Zhipu.