Avara says “all current and future products” will be housed under Aave Labs, 
and accounts tied to the Family wallet will continue to be “core 
infrastructure.”

Aave winds down Avara, shuts down Family wallet in refocus on DeFi

ARK Invest CEO Cathie Wood said she would “make a shift from gold into 
Bitcoin” after gold’s run left the metal looking extended on a key liquidity- 
adjusted measure, arguing that bitcoin’s supply dynamics and long-term 
adoption case still favor the crypto asset despite a sluggish year. Speaking 
on a Feb. 2 episode of The Rundown interview, Wood framed the call as part of 
a broader “great acceleration” thesis laid out in ARK’s latest “Big Ideas” 
report, which expects AI-driven capital expenditure to surge and spill into 
robotics, energy storage, blockchain, and life sciences through what she 
described as converging S-curves. Sell Gold, Buy Bitcoin Now? Wood pushed back 
on the idea that bitcoin has “lost its mojo” as gold has outperformed in 
recent years, starting with a statistical point. “First thing you should know, 
Bitcoin and gold are not correlated. We did the analysis […] the correlation 
[…] is as close to zero as you can get so no correlation,” she said, adding 
that in the last two market cycles, gold led bitcoin before the crypto asset 
caught up. Related Reading: Bitcoin Net Taker Volume Sees Third-Largest 
Bearish Spike In 2 Years Her more forceful warning was directed at gold’s 
positioning versus broad money. “You’ll find this […] a chart showing gold 
divided by M2. It has only been—it has never been higher. It hit a new all- 
time high this week,” Wood said, arguing the setup resembles historical 
extremes that coincided with very different macro regimes. “Gold is probably 
riding for a fall […] The last two times it was anywhere near this was in the 
massive inflation […] in the 70s early 80s and […] the Great Depression.” Wood 
said the stablecoin boom has absorbed some of bitcoin’s “emerging markets” 
transaction narrative, but she characterized that as a payments-layer 
substitution rather than a savings-layer replacement. “That’s just for the 
equivalent of a checking account. When they want real savings, they’re going 
to buy Bitcoin, we believe,” she said, tying the view to ARK’s long-term 
upside case. She referenced a bull-case target of $1.5 million by 2030 in the 
conversation, alongside the firm’s previously discussed seven-figure 
framework. Related Reading: 70% Bitcoin Crash Incoming? CryptoQuant CEO Says 
It Depends On This Her core comparative claim against gold centered on 
issuance. “The supply growth of Bitcoin is 0.8% per year and it’ll drop to 0.4 
in another two years,” Wood said, contrasting it with gold supply growth she 
pegged at about 1% on average and suggesting mining output could run higher 
than bitcoin’s deterministic issuance rate. She also pointed to 
“intergenerational wealth transfer” as a potential tailwind for bitcoin over 
time. Wood also offered a more tactical explanation for why bitcoin has 
struggled to sustain upside momentum, pointing to what she described as an 
October 10 “flash crash” tied to a software glitch at Binance and an auto- 
deleveraging cascade. “There was a flash crash caused by a software glitch at 
Binance and there was an auto deleveraging event,” she said. “People were just 
[…] margin called to the tune of about 28 billion dollars […] and we think 
that is just now washing through the system.” Because bitcoin is “the most 
liquid of all crypto assets,” Wood argued it becomes “the first margin call,” 
making it the primary source of forced selling during broad deleveraging. She 
suggested that overhang is now fading, but her comments came before Monday’s 
downdraft that saw bitcoin slide to $74,600. In the interview, she said the 
market was “testing […] around 80,000 again” and expected it to “hold in the 
80 to 90,000 range” absent a major geopolitical shock. “Unless all hell breaks 
loose in Iran […] then maybe we’ll see the store of value come back for 
Bitcoin,” she added. At press time, BTC traded at $78,377. Featured image from 
YouTube, chart from TradingView.com

‘Sell Gold, Buy Bitcoin’: Cathie Wood Makes The Rotation Call

Polymarket is taking its brand offline, opening a free grocery store in New 
York City and backing it with a $1 million donation to fight food insecurity. 
Polymarket, the crypto-based prediction market platform, announced on Feb. 3 
that it will…

Polymarket to open free grocery store in New York City in latest marketing stunt

Michael Burry, the hedge fund manager known for calling the 2008 housing 
crash, warned in a recent Substack post that bitcoin’s decline could trigger a 
“true death spiral,” spilling into gold, silver and other interconnected 
markets. Legendary Investor Michael Burry Speaks of ‘Death Spirals’ and ‘Black 
Holes’ In his Feb. 2, 2026, post, dubbed “Short […]

Big Short’s Michael Burry Says Bitcoin’s Drop Risks Cross-Market Fallout

Crypto.com has spun out its prediction markets business into a standalone 
platform after reporting explosive growth, entering a crowded but booming 
industry.

Cryptocurrency price in EUR