Crypto’s Fall From Grace, Retail Reacts to Coinbase Super Bowl Ad, & What Are We Trading?

Crypto majors are mostly flat; BTC -1% at $68.6K; ETH -1% at $2,010; SOL even at $84; XRP even at ~$1.40. STABLE (+20%), H (+7%) and ASTER (+5%) led top movers. ZRO briefly jumped 20% before selling off, amidst speculation of launching its own chain. Farcaster co-founders Dan Romero and Varun Srinivasan joined Stripe’s Tempo, calling stablecoins a “generational opportunity”. Tether invested $150M in Gold.com for a ~12% stake; Tether’s gold stash now tops $23B (148+ tonnes), making it a top-30 global gold holder per Jefferies. MrBeast’s Beast Industries acquired Step, a teen-focused banking app backed by Stephen Curry and Justin Timberlake. Logan Paul faked a $1 million Polymarket bet during the Super Bowl. Polymarket sued Massachusetts in federal court, arguing only the CFTC has jurisdiction over prediction markets; meanwhile Kalshi sports markets face a 30-day geofence deadline. It’s a big week ahead for macro: Delayed nonfarm payrolls Wednesday, Coinbase earnings Thursday, Robinhood earnings Friday, and CPI on Friday.