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Meanwhile, US stablecoin talks and CLARITY Act discussions signal regulatory momentum, even as China tightens crypto restrictions","\u003Ch2>1. Market Observations \u003C/h2>\n\u003Cp>\u003Cstrong>February 2, 2026 to February 8, 2026\u003C/strong>\u003C/p>\n\u003Cp dir=\"ltr\">NCI Performance (Weekly): The Nasdaq CME Crypto Index\u003Csup>TM\u003C/sup> declined 8.6%, extending losses across major constituents BTC (-8.2%), ETH (-9.2%), and SOL (-14.5%). The move coincided with a broader risk-off shift driven by weaker-than-expected U.S. jobless claims and rising geopolitical tensions following an increased U.S. military presence near Iran. 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