Crypto News Daily

Bitcoin crashed to $55,000 on Bithumb after exchange accidentally airdropped users 2,000 BTC

An internal reward distribution mistake briefly sent bitcoin prices sharply lower on South Korea’s Bithumb exchange after users were mistakenly credited with large phantom balances.

South Korean Crypto Exchange Accidentally Gave Away $95 Billion in Bitcoin

The error was quickly corrected, but not before Bithumb users sold off billions in Bitcoin, temporarily crashing its listed price.

Bitcoin’s slide to $60k puts BTC treasury companies $10B underwater as one major firm is braces for a $27B disaster

Bitcoin's (BTC) slide to as low as $60,233 overnight, before recovering somewhat to $65,443, has left most of the largest pure-play Bitcoin treasury companies deeply underwater on their holdings, with combined unrealized losses approaching $10 billion across eight entities that collectively control ...

Bitcoin sees record $10K drop as model says $93.5K may only return in 2028

Bitcoin fell by more than $10,000 in a single day for the first time, with BTC price bear market analysis warning that a rebound could take several years.

Russia’s largest bank prepares to issue loans using crypto as collateral: report

Sberbank reportedly plans crypto-backed corporate loans after a pilot, while asset issuance on its platform has reached $5.3 billion.

China Formalizes Ban on Yuan Stablecoins, RWA Tokenization

Chinese regulators have locked in a sweeping crypto clampdown, banning unapproved yuan-linked stablecoins and curbing tokenized assets.

China bans stablecoin and RWA issuance by foreign and domestic companies

The latest announcement from the People's Bank of China follows months of flip-flopping on privately issued yuan-pegged stablecoins.

Ethereum collapses below $2,000 after Vitalik Buterin and insiders moved millions to exchanges into thin liquidity

Ethereum co-founder Vitalik Buterin and other prominent “whales” have offloaded millions of dollars in ETH since the beginning of February, adding narrative fuel to a market rout that saw the world's second-largest cryptocurrency tumble below $2,000. While the high-profile sales by Buter...

Bitcoin whales are dumping massive amounts of supply on exchanges as liquidations mirror the 2022 FTX market collapse

Bitcoin experienced a steep decline over the last 24 hours, pushing its price to approximately $60,000 amid an accelerated selloff comparable to the 2022 FTX collapse. BTC had recovered to $69,800 as of press time, according to CryptoSlate data. Still, Glassnode data helped frame the extent to which...

BlackRock’s IBIT hits daily volume record of $10B amid Bitcoin crash

Traders were active in BlackRock’s iShares Bitcoin Trust ETF on Thursday as Bitcoin plummeted, falling 12% in the last 24 hours.

BlackRock's bitcoin fund hits $10 billion volume record, hinting at peak selling

Record volume, redemptions and pronounced tilt toward put options points to institutional capitulation.

Bitcoin ETFs shed $434M as BTC briefly touches $60K, assets near $80B

Net weekly outflows from Bitcoin ETFs reached $690 million as BTC briefly touched $60,000, reigniting analyst criticism over “paper Bitcoin” and scarcity.

Sen. Cynthia Lummis urges US banks to embrace stablecoins and digital assets amid crypto bill delays

Disagreements over stablecoin yield provisions between banks and the crypto industry have contributed to delays in the U.S. crypto market structure bill.

Bitcoin price rebounds 11% to $65K: Who is buying the dip?

Over $2.6 billion was wiped out across the crypto market as institutions saw sub-$60,000 BTC as a buy-the-dip opportunity.

China expands crypto crackdown to stablecoins, asset tokenization

The set of new rules reaffirm China’s hardline stance on crypto and impose restrictions on tokenized real-world assets and overseas issuance of yuan stablecoins.

Bitcoin rallies to $71.5K after historic sell-off, but derivatives metrics remain soft

Bitcoin price soared back above $71,000 but BTC options data shows pro traders are still extremely cautious about the sustainability of the rebound rally. Is the sell-off really over?

MARA Holdings moves $87 million in BTC as crypto selloff extends

Nasdaq-listed bitcoin miner MARA moved roughly 1317 BTC ($87.4 million) in the past 13 hours, onchain data shows.

XRP at center as Ripple lays out institutional DeFi blueprint for XRPL

Ripple and XRPL developers say recent mainnet upgrades and upcoming features position the XRP Ledger as a hub for regulated, real-world finance.

Is President Trump selling Bitcoin? WLFI pays off Aave debt with WBTC to avoid liquidation but risk remains

A wallet attributed to President Donald Trump's World Liberty Financial, which is managed by his sons, withdrew approximately 173 wrapped Bitcoin from Aave V3 on Feb. 5 and sold them to repay $11.75 million in stablecoin debt. This sequence reveals the mechanics of voluntary deleveraging: as Bitcoin...

China tightens stance on RWA tokenization and offshore yuan stablecoins, reiterates crypto ban

Beijing has broadened its crypto ban to include RWA tokenization and unapproved offshore yuan-linked stablecoin issuance.

Cathie Wood's Ark Invest Dumps Coinbase Shares Amid Bitcoin Crash

Noted tech investor Cathie Wood's Ark Invest dumped shares in Coinbase on Thursday amid Bitcoin's slide to nearly $60,000.

Crypto's eligibility for 401k retirement funds is under fire after brutal market rout wipes out $2 trillion

"401ks exist to help people save for a secure retirement, not gamble on speculative assets," said an industry observer.

Bitcoin miners have the one thing AI still needs and Big Tech has $500 billion to buy it

Big Tech companies' planned $500 billion war chest to dominate artificial intelligence could offer a lifeline to a Bitcoin mining industry teetering on the edge of capitulation. The headline numbers are eye-watering. Alphabet, Google’s parent, alone plans to spend as much as $185 billion this year. ...

Coinbase's Crypto-Backed Loans Notch Record Liquidations Amid Bitcoin, Ethereum Plunge

Coinbase customers faced losses in fresh ways through the exchange’s crypto-backed lending product as Bitcoin and Ethereum tumbled this week.

Bitcoin flash crashes to $60,000, traders refuse to catch ‘falling knives’: analysts

Analysts said repeated failures to hold key support levels have pushed market sentiment firmly into a risk-off stance.

Bitcoin 'volatility fear gauge' hits FTX-blowup peak as prices crater to nearly $60,000

Bitcoin's volatility gauge, the BVIV, spiked to nearly 100%, its highest level since the 2022 FTX collapse.

Bitcoin miner MARA moves $87 million BTC to various trading desks and exchanges: Arkham

The largest transfers went to credit and trading firm Two Prime, which received more than 660 BTC, while additional chunks were sent to a BitGo address and a fresh wallet.

Tether makes $150M investment in Gold.com in latest gold play

Tether and Gold.com are exploring options to allow the use of Tether’s stablecoins to purchase physical gold.

Large Bitcoin holders’ share of supply hits 9-month low amid price drop

Santiment says the pattern of large holders selling while retail scoops up Bitcoin is “what historically creates bear cycles.”

U.S. job losses at 17-year high raise positive signals for bitcoin bulls

Unofficial economic indicators suggest the Fed may need to ease policy, boosting riskier assets.

Cathie Wood’s Ark Invest buys Bullish, trims Coinbase as crypto-related stocks slide

Cathie Wood's Ark Invest purchased $17.8 million worth of Bullish shares and sold $17.4 million worth of Coinbase stock.

Did Tether and Circle’s $3 billion token minting spree protect Bitcoin from losing $60k?

The crypto market has entered a fragile phase as Bitcoin dropped under the critical $70,000 level and bounced off $60,000, a zone that has increasingly acted as a gravitational pull rather than a launchpad. This subdued price action came as the stablecoin market has surged, with Tether and Circle mi...

XRP, TRX, and BNB Slide Amid Broader Crypto Volatility as SONAMI Accelerates Layer 2 Development on Solana

The cryptocurrency market has entered a renewed phase of volatility, with major digital assets including XRP, TRX, and BNB experiencing notable price corrections alongside broader market weakness. The downturn reflects a combination of macroeconomic pressure, reduced speculative activity, and ongoin...

Trend Research dumps over 400K ETH as liquidation risk rises

Trend Research has been reducing its Ether exposure, as ETH price closed in on some of the investment company's critical liquidation levels below $1,700.

Morning Minute: Bitcoin Erases Trump Pump, Falls to $60k

Thursday marked one of the worst days in crypto history, with majors plunging 15-20% before modest relief.

Bitcoin Core dev Gloria Zhao quits maintainer role after six-year stint

Bitcoin Core maintainer Gloria Zhao has stepped down and revoked her PGP signing key after six years as one of the project’s most influential mempool and policy engineers.

EF researcher explains Ethereum’s plan to tackle the quantum threat

Ethereum Foundation's quantum lead Thomas Coratger discusses ongoing efforts to develop quantum resistance for Ethereum.

Russia’s largest bank, Sberbank, prepares to issue crypto-backed loans

Russia’s biggest bank said it plans to offer loans secured by cryptocurrency following a pilot deal with a mining firm, with legislation expected by mid-2026.

Galaxy Digital shares jump 18% after company approves $200 million buyback

The repurchase plan follows a volatile earnings week and signals confidence in the firm’s balance sheet.

Federal Reserve ‘skinny master account’ proposal draws comments and clashes from crypto, community banks

Nearly 30 letters were filed in response to the Fed's proposed "skinny master account" that would give certain institutions limited access.

Bitcoin dips to $60K, TRM Labs becomes crypto unicorn: Finance Redefined

Bitcoin dipped toward $60,000 after liquidations across crypto derivatives markets reached $2.56 billion, the 10th-largest daily total on record.

Crypto’s stress test hits balance sheets as Bitcoin, Ether collapse

Crypto’s downturn is rippling through treasuries, ETFs and mining infrastructure, exposing how digital asset volatility reshapes balance sheets and operations.

Bitcoin surges back above $65,000 after $700 million wipeout in Asia whipsaw

BTC fell as much as 4.8% to around $60,033 during late U.S. hours, before snapping back to as high as $65,926.

Does Bitcoin's Retreat Signal a New Bear Market for Crypto?

A single-day 14% drop and a drawdown of more than 50% have pushed Bitcoin into territory typically associated with bear markets.

Senator Lummis Urges Banks to 'Embrace' Stablecoins Amid CLARITY Act Stalemate

The Wyoming Senator said stablecoins give banks an "entirely new financial product" as the crypto market structure bill faces a delay.

Strategy to initiate a bitcoin security program addressing quantum uncertainty

Michael Saylor reinforces commitment to bitcoin and quantum security on Q4 earnings call.

Cathie Wood’s ARK dumps $17M in Coinbase stock as shares fall 37% YTD

ARK Invest sold $17.4 million in Coinbase while buying $17.8 million of Bullish shares, signaling a major shift in strategy as crypto markets stumble.

ARK offloads $17 million of Coinbase, adds $18 million of Bullish amid crypto rout

COIN lost 13.34% on the day to close at $146.12 amid ongoing tanking of the crypto market which has seen bitcoin fall as low as $60,000, its lowest since November 2024.

Official Trump Meme Coin, WLFI Lead Losses Following World Liberty Financial Probe

Trump-linked tokens have fallen on news of an investigation into World Liberty Financial’s dealings with a member of the UAE royal family.

Bitcoin rises past $68,000, extending bounce from Thursday's crash

Strategy, MARA Holdings and Galaxy Digital are among crypto-related stocks posting double-digit percentage gains early Friday.

Bitfarms stock jumps 16% as firm finalizes shift from bitcoin mining to AI infrastructure

The company will move its parent entity to Delaware and seek a new Nasdaq and TSX ticker, aiming to access U.S. capital markets.

XRP price rockets 18%, staging wildest recovery among major tokens

The move came as bitcoin briefly rose over $70,000 in U.S. morning hours, reversing Thursday's sharp declines ahead of the weekend.

ENS Labs scraps Namechain L2, shifts ENSv2 fully to Ethereum mainnet

ENS Labs is canceling the launch of the Namechain Layer 2, which began development in 2024 to support the forthcoming ENSv2 update.

Bithumb confirms reward payout error after abnormal Bitcoin trades

The South Korean exchange said an internal error during a promotional event led to brief price dislocations, stressing that no customer assets were lost.

Crypto sentiment at lowest point since 2022 crash as Bitcoin tanks to $60K

Bitcoin plummeted to a low of around $60,000 after the Crypto Fear & Greed Index hit its lowest score since mid-2022, when the Terra blockchain collapsed.

Bitcoin miners IREN, CleanSpark shares plunge as earnings fall short

Crypto mining stocks have declined across the board the value of the entire crypto market fell almost 9% on Thursday.

Banks and crypto could offer similar products in time: Bessent

US Treasury Secretary Scott Bessent says banks and crypto may begin to offer similar products, and pledged to prevent deposit flight concerns that are stalling a key crypto bill.

Bitcoin’s crash to $60,000 has traders hunting for a hidden fund blowup

Traders on X are pointing to everything from a Hong Kong fund blowup to yen funding stress and even quantum security fears as bitcoin’s plunge turns into a full-blown narrative vacuum.

Metaplanet vows to keep buying Bitcoin as sentiment craters

Metaplanet CEO Simon Gerovich is sticking with the company’s Bitcoin accumulation plan despite a brutal drawdown in both its stock and the wider crypto market.

Pump.fun moves deeper into trading infrastructure with Vyper acquisition

The deal adds analytics and execution tools to Pump.fun’s ecosystem as Vyper winds down its standalone product and migrates users to Terminal.

NFT market cap slides back to 2021 pre-hype levels, near $1.5B

NFT minting expanded in 2025 even as sales fell sharply, leaving more tokens chasing fewer buyers.

Crypto market brightens after selloff that sent bitcoin to lowest since October 2024

A brutal crypto selloff erased $2.6 billion in leveraged bets, sent bitcoin to $60,000 and left markets deeply oversold.

Strategy is ‘better positioned than ever’ to weather bitcoin crash and benefit from recovery, TD Cowen says

TD Cowen analysts said Strategy remains structurally positioned to endure a prolonged bitcoin downturn despite MSTR's pullback.

Crypto PACs secure massive war chests ahead of US midterms

Crypto super PACs are getting millions of dollars in contributions to spend supporting candidates who will advance their policies in Washington.

Ether leads crypto losses with 30% crash: Where is the bottom?

Ether price still risks declining toward the $1,000-$1,400 range, according to a confluence of bearish technical and onchain indicators.

Galaxy approves up to $200M buyback of Class A shares

The 12-month buyback authorization comes as Galaxy’s shares and other crypto-linked stocks have declined alongside Bitcoin.

Strategy, BitMine, Coinbase Shares Chart Major Rebound as Bitcoin Stabilizes

Strategy (MSTR), BitMine (BMNR), and Coinbase (COIN) helped lead the crypto stock rebound as Bitcoin bounced back from a dip near $60K.

Bitfarms Stock Pumps as It Dumps Bitcoin Mining for AI With Name Change, Move to US

Publicly traded Bitcoin miner Bitfarms is planning a move to the United States and a name change as it transitions from crypto to AI compute.

Analysts see 400% upside for GEMI as Gemini’s overseas exit may speed profitability

Mizuho sees prediction markets and institutional custody as key businesses for Gemini to stabilize revenue beyond spot trading cycles.

Bitcoin isn’t losing to gold. It is navigating a liquidity squeeze that the yellow metal never had: Asia Morning Briefing

QCP's Darius Sit says October's deleveraging event exposed the real divide: bitcoin trades like collateral, altcoins trade like a bet on exchange governance

U.S.-Iran warning resurfaces ahead of nuclear talks, further pressuring bitcoin and crypto markets

Crypto sentiment gauge hits FTX-era lows as 'extreme fear' reaches a 9 reading

A sharp rise in volatility, a spike in defensive positioning and an increase in fear-driven search interest typically push the index lower.

Crypto Advocates Round on Democrats’ ‘Crypto Crash’ Message

Industry leaders condemned a Democratic Party social media post mocking crypto market losses amid billions of dollars in liquidations.

Metaplanet commits to bitcoin accumulation even as shares decline

Metaplanet, Asia's largest publicly traded holder of bitcoin, is currently deep in the red, with its average acquisition cost per bitcoin at roughly $107,000.

Citi cuts Coinbase price target to $400 after stock's 65% plunge from record high

The bank trimmed its Coinbase revenue and earnings forecasts amid a brutal risk-off environment for crypto and delays around U.S. market structure legislation.

Bitcoin beats FTX, COVID-19 crash with record dive below 200-day trend line

Bitcoin bear market momentum sparked a record crash below the 200-day simple moving average as analysis expected BTC price "mean reversion" next.

Ondo wants to rebuild prime brokerage on-chain — and perps are the first step

Ondo showcases rapid growth in tokenized assets and unveils plans to turn that momentum into a full-stack on-chain financial services ecosystem at its summit.

Price predictions 2/6: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR

Bitcoin and altcoins saw strong double-digit price rebounds after this week’s brutal sell-off, but do technical charts forecast a longer-term recovery, or is today’s rally just a dead cat bounce?

Bitcoin Miners IREN and CleanSpark Slide After Earnings Misses Deepen Sector Pressure

Shares fell after both companies reported quarterly revenue below Wall Street expectations as Bitcoin dropped sharply.

Crypto Sentiment Sinks to Lowest Level in 3.5 Years

Investor fear in crypto has sunk to levels last seen during the year of Terra's collapse as macro pressures intensify.

Cardano’s Charles Hoskinson says he’s ‘lost over $3 billion’ in crypto but declined to cash out

Charles Hoskinson said his personal crypto holdings are down over $3 billion in value, and that he declined to cash out during the downturn.

Polymarket parent firm files trademark applications for ‘POLY’ amid token launch plans

The filings come after Polymarket executives confirmed plans to launch a native POLY token, though no timeline has been announced.

Weak earnings drag IREN, Amazon; bitcoin stocks rebound in pre-market

Earnings disappointments weigh on AI related tech, while crypto sentiment improves on bitcoin’s rebound.

Why privacy coins often appear in post-hack fund flows

Privacy coins often appear after hacks, but they are only one link in a longer laundering chain that includes swaps, bridges and off-ramps.

CoinDesk 20 Performance Update: Ripple (XRP) Surges 20.1% as All Assets Trade Higher

Hedera (HBAR) was also among the top performers, rising 13.1% from Thursday.

Bithumb mistakenly sends bitcoin to users, causing ‘temporarily fluctuation’ in BTC price on exchange

Some recipients reportedly sold the coins before the exchange's "internal control system and promptly restricted transactions."

Record breaking stats from bitcoin’s Thursday capitulation signal a bottom is near

Extreme capitulation metrics are now matching levels seen only at major cycle lows.

‘Bad news is already priced in’: Bitwise CIO sees possible exhaustion as bitcoin logs steepest two-week drop since June 2022

Bitwise CIO Matt Hougan says the sell-off reflects cycle dynamics and macro risk-off forces — not a repeat of 2022’s systemic collapse.

AI platform founded by Crypto.com's Kris Marszalek launches AI agents

Proponents of AI agents say the new technology will simplify crypto trading and other financial activities for the average user.

Justin Bieber Paid $1.3 Million for a Bored Ape NFT. It's Now Worth $12K

Back when NFTs were hot, Justin Bieber dropped $1.3 million to join the Bored Ape Yacht Club. The Ethereum NFTs now start at just $12K.

Kalshi boosts surveillance ahead of Super Bowl with independent committee

Kalshi has seen nearly $170 million in Super Bowl-related bets, and its move to boost oversight comes as prediction markets come under scrutiny by regulators and Congress.

Polymarket Files for Crypto Token Trademarks as Legal Battles Mount

The prediction market has filed trademark applications for POLY and $POLY tied to a digital token and crypto trading services.

Bitfarms shares surge after it ditches its 'bitcoin company' identity and doubles down on AI with U.S. move

The company said it will focus on building data centers for high-performance computing and artificial-intelligence workloads.

Bitwise says peak anxiety signals crypto market is nearing a bottom

The crypto asset manager argued that while the current drawdown mirrors the anxiety of 2018 and 2022, long-term upside catalysts remain intact.

Why normalization of digital asset treasuries is the next big business trend

Crypto’s “wild west” era for companies is ending as DATs enter a new phase of normalcy, says AVAX One's Jolie Kahn.

What’s really weighing on Bitcoin? Samson Mow breaks it down

In a video interview, Samson Mow shares his views on Bitcoin's latest bloodbath, quantum fears and the catalysts that could drive Bitcoin’s next recovery.

Strategy CEO: Bitcoin would need to plunge to $8,000 before balance sheet issues

Executive Chairman Michael Saylor also addressed quantum computing concerns in bitcoin, framing them as 'horrible FUD.'

Jefferies sees few signs of a crypto bottom yet flags upside for tokens with fundamentals

Bank says institutional de-risking continues, but resilient network activity and growing TradFi adoption could lift revenue-linked assets over time

Recovering bitcoin still faces macro risks

Your day-ahead look for Feb. 6, 2026

Is crypto still cypherpunk? With Miden co-founder Azeem Khan

Miden's co-founder said crypto privacy should be essential infrastructure, but that compromises may be needed for regulatory acceptance.

Bernstein says IREN selloff reflects missing AI deal, not earnings, with bitcoin no longer central to investment case

The analysts argued that bitcoin-related volatility is no longer central to the investment case as IREN accelerates its shift toward AI.

Monero and Zcash Fall Over 28% in Past Week, but Privacy Peer ZANO Holds Steady

XMR dropped to $311 and ZEC to $221 over seven days while ZANO declined just 1.4% as Fear & Greed hit 9. Key Notes Monero fell 28.9% and Zcash dropped 33.4% over the past week while ZANO declined just 1.4% Fear & Greed Index fell to 9 on Feb. 6, classified as extreme fear, down from 16 one week earl...

'Bitcoin is Offensive, Gold is Defensive': Bitwise

Bitwise’s Head of Europe argues that gold offers a cushion when markets fall, while Bitcoin boosts portfolios during rebounds.

The Daily: Strategy’s safe unless BTC falls to $8K, Charles Hoskinson’s down over $3B in crypto, Bithumb mistakenly sends bitcoin to users, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Pump.fun acquires Vyper to expand cross-chain trading terminal

Vyper said its infrastructure will be migrated to Pump.fun's Terminal and the Vyper product will eventually be sunset.

Here's what Wall Street analysts are saying after IREN's earnings miss

The weaker results were tempered by continued progress in the bitcoin miner’s shift toward AI infrastructure.

Polymarket odds for UK PM Keir Starmer’s 2026 exit rise amid Mandelson-Epstein scandal

Polymarket users have wagered over $2 million on whether UK Prime Minister Keir Starmer leaves office in 2026.

Why I’m bullish when my $49k Bitcoin prediction is playing out as BTC closes in on major BUY ZONE

Bitcoin has a way of turning numbers into memories. You remember the first time it ripped through a round number, $10k, $20k, $100k, you remember the mood shift when it stops rewarding optimism, you remember the quiet weeks when every bounce feels like a trap, and the loud ones when it feels like th...

What Is World Liberty Financial? The Trump Family DeFi Project Explained

The biggest crypto venture linked to U.S. President Donald Trump is a DeFi project promising to help the unbanked. But how does it work?

Here's what Wall Street analysts are saying about Strategy after massive Q4 loss

The numbers weren't pretty, but the fourth-quarter loss does not signal a cash crunch or the necessity of bitcoin sales, say analysts.

MegaETH Foundation to use USDM stablecoin revenue to fund MEGA token buybacks

The MegaETH Foundation will use revenue earned from the protocol’s native stablecoin USDM to accumulate MEGA tokens.

OpenAI and Anthropic Roll Out Rival AI Models as Competition for Enterprise Heats Up

OpenAI and Anthropic released new flagship AI models within hours of each other on Thursday, with benchmark results suggesting they're optimized for different strengths.

President Trump Launches TrumpRx, Promising Lower Drug Prices: Is It Legit?

The White House is betting that a new cash-pay platform—built around blockbuster GLP-1 drugs—can pressure Big Pharma and bypass the middlemen who keep U.S. prices high.