Crypto News

- Bitcoin faces renewed macro pressure after the latest US jobs report signaled a stronger-than-expected labor market, pushing Treasury yields higher and reducing the likelihood of near-term Federal Reserve rate cuts. The US economy added 130,000 jobs in January, nearly double consensus expectations. At the same time, the unemployment rate fell to 4.3%, showing continued labor market resilience. While strong employment is positive for the broader economy, it complicates the outlook for risk assets like Bitcoin. Strong Jobs Data Delays Rate Cut Expectations Markets had been anticipating potential rate cuts in the coming months amid slowing growth concerns. However, a resilient labor market reduces the urgency for monetary easing...

- Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) are both getting hit hard right now, and the mood among crypto investors is the ugliest it's been in years. Now, Bitcoin is down 22% over the last 30 days, and XRP is down 32% over the same period. If you have a long-term investing horizon, not to mention plenty of guts, this kind of sharp drawdown can be a gift. Of course, it's also quite possible that investing in these coins right now will extract a hefty and painful tuition for a lesson about the dangers of catching a falling knife. So, should you buy the dip with these coins? First, plan to survive Bitcoin has one big structural advantage: it doesn't need to add many new features over time to sustain an ongoing level of demand...

- Another crypto company halts withdrawals as markets slide Another centralized crypto platform has halted client withdrawals following a sharp market downturn, reviving uncomfortable memories of past liquidity crunches that rippled across the industry. The move comes as digital asset prices reel from a steep sell-off, with Bitcoin and major altcoins shedding billions in market value in recent sessions. While the firm says trading remains partially operational, the freeze has once again put counterparty risk in the spotlight. Withdrawal suspensions have historically marked moments of acute stress in crypto markets, sometimes as temporary safeguards, other times as precursors to deeper solvency problems. Withdrawal freezes aren’t...

Bitcoin Exchange Paxful Must Pay $4 Million Over Prostitution, Money Laundering Charges Paxful, the peer-to-peer Bitcoin exchange that closed in 2023, was sentenced this week by a federal court to pay $4 million in fines after pleading guilty to multiple criminal charges. The company reached a plea agreement with the Department of Justice and the Treasury Department in December, admitting to knowingly transferring funds implicated in money laundering, fraud, and prostitution, and commercial sex trafficking schemes. The company facilitated some $3 billion in trades between 2017 and 2019, according to the Department of Justice, and collected nearly $30 million in revenue from that business. Paxful knowingly transferred Bitcoin on...

- Last July, the U.S. House of Representatives passed the Digital Asset Market Clarity Act, which aims to establish a comprehensive regulatory framework for all digital assets. The Senate hasn't passed the bill yet, and the Senate Banking Committee is currently reviewing it. After several months of bipartisan negotiations, the Senate Banking Committee recently drafted clearer amendments for the bill. It's still unclear when (or if) it will be passed into law, but crypto investors should be aware of the Clarity Act's three most significant potential changes. Commodities vs. securities The Clarity Act will determine which cryptocurrencies are commodities and which are securities. The crypto-friendly Commodity Futures Trading...

- Bitcoin resumed its slide on Wednesday after a strong U.S. jobs report dampened hopes that the Federal Reserve would lower interest rates at its next policy meeting. The leading cryptocurrency by market cap changed hands around $67,500, a 2% decrease over the past day. Altcoins showed steeper declines, with Ethereum and Solana falling 3% to $1,950 and 3.4% to $80, respectively, over the same period. Last week, Bitcoin plunged as low as $62,800, before recovering partially to $71,500 on Sunday. As it plummeted, the digital asset notched its lowest price point in 14 months. The U.S. Department of Labor indicated that employers added 130,000 jobs in January, far exceeding economists’ expectations of 70,000 jobs. The unemployment rate...

- Crypto lender BlockFills suspends withdrawals amid faltering bitcoin price Feb 11 (Reuters) - Crypto liquidity provider and lender BlockFills has halted client deposits and withdrawals amid a downturn in bitcoin prices, in a sign of knock-on impact from the latest crypto market drop. BlockFills, which is based in Chicago, said in a statement on Wednesday that it halted withdrawals last week and has been working to restore liquidity to its platform. The company is in active dialogue with its clients, which include crypto hedge funds and asset managers, a spokesperson said. The Financial Times first reported that the company had suspended withdrawals. BlockFills raised $6 million in 2021 and a further $37 million in 2022, from...

'This Is Not Good for Crypto': Lawmakers Slam SEC Chair for Easing Industry Policing Democratic lawmakers skewered SEC Chair Paul Atkins at a hearing Wednesday, accusing the regulator of turning a blind eye to crypto scams with connections to President Donald Trump—and weakening the legitimacy of the digital assets industry as a result. “People are losing trust,” Rep. Stephen Lynch (D-MA) told Atkins during a Wednesday hearing before the House Financial Services Committee. “This is not good for crypto, it’s certainly not good for consumers.” “And it’s awful,” he continued, “the reputational damage the SEC is suffering right now.” Lynch cited the SEC’s dismissal of numerous high-profile lawsuits against crypto firms, including one...

- Susquehanna-Backed Crypto Lender BlockFills Suspends Withdrawals as Bitcoin Sinks Crypto trading firm and lender BlockFills has suspended deposits and withdrawals on its platform amid volatile market conditions, the company confirmed to Decrypt. The firm, which lists over-the-counter (OTC) trade execution, liquidity provisioning, and lending services among its crypto services, called the measures “temporary.” “In light of recent market and financial conditions, and to further the protection of clients and the firm, BlockFills took the action last week of temporarily suspending client deposits and withdrawals,” a spokesperson for the firm said in a statement provided to Decrypt. “Management has been working hand in hand with...

- Ondo partners with Chainlink to bring tokenized stocks to DeFi Popular tokenization platform Ondo Finance announced on Feb. 11 that Ondo Global Markets has integrated Chainlink Data Feeds for its tokenized stocks and ETFs live on the Ethereum mainnet. Institutional-grade data for SPYon, QQQon, and TSLAon are now onchain. Data feeds for all assets will go live soon. This is the first time tokenized stocks are available for use on Ethereum DeFi. Not only that, Ondo tokenized stocks can be reliably used as productive DeFi collateral for the first time. Beyond being held and traded, tokenized stocks can now be deployed across lending markets, vaults, and structured products to access yields. With institutional-grade liquidity and...

- Popular crypto exchange denies shutdown rumors Just 41 days into the new year, the crypto sector has already seen several high-profile exits. Reports that Arkham Exchange could be next quickly made the rounds. But the company says it is not going anywhere. What is Arkham Exchange? Arkham Exchange is a crypto trading platform launched by Arkham Intelligence. Arkham Intelligence was founded in 2020 as an onchain analytics platform with backing from prominent angel investors, including Tim Draper, Joe Lonsdale of Palantir Technologies, and OpenAI and Worldcoin founder Sam Altman. Its crypto trading exchange arm was later positioned as a natural extension of its data-driven ecosystem. In October 2024, Arkham floated plans for a crypto...

- Following Bitcoin Dive, Galaxy CEO Novogratz Says Crypto Headed for 'Much Lower Returns' The "age of speculation" that captivated crypto traders is ending, Galaxy CEO Mike Novogratz told CNBC in an interview Tuesday. Instead, he told the news outlet the market is “going to be transposed or replaced by us using these same rails, these crypto rails, to bring banking [and] financial services to the whole world. And so, it’s going to be real-world assets with much lower returns.” Novogratz said the recent shift in crypto market dynamics is a reflection of change in the broader finance sector. He compared the November 2022 drawdown that followed the bankruptcy of crypto exchange FTX to the October 2025 flash crash that wiped out $19...

- The first week of February was a brutal one for the cryptocurrency market, in which digital assets cratered by nearly 30%, falling below the safeguard level of $70,000 to $60,062. Per CNBC, Deutsche Bank analyst Marion Laboure said the recent decline in crypto suggests that traditional investors are pulling back and that the general sentiment toward the market is becoming more pessimistic. That begs the question: If you’ve invested in bitcoin, should you join the sell-off? To Sell or Not To Sell Victor Gillibert, founder of crypto education platform Fibo Crypto, stated that selling now would potentially be the worst move an investor could make. “I’ve been through enough of these crashes to know the pattern by heart,” he said...

- Robinhood (HOOD) Stock Price Risks 40% Crash as Crypto Drag Outweighs Earnings The Robinhood stock price has rebounded nearly 23% since its February 5 low near $71. On the surface, this looks like a strong recovery for HOOD. The company also just posted its best financial year on record. But the bigger picture tells a different story. Weak crypto activity, fading money flows, and rising technical risks suggest this rebound may not last. For now, downside pressure remains the dominant force. Earnings Strength and Crypto Drag Are Pulling in Opposite Directions Robinhood delivered a strong financial performance in 2025. Full-year revenue reached about $4.5 billion, up more than 50% year over year. Net income hit nearly $1.9...

- Bitcoin Slides Below $67,000 as Crypto Diverges From Stocks Bitcoin’s correlation with stocks continued to diverge, with the original cryptocurrency declining while US equities rallied after a stronger-than-anticipated US jobs report, suggesting investor confidence has yet to recover from this year’s crash in digital asset prices. The largest cryptocurrency dropped as much as 3.3% to $66,354 in early New York trading on Wednesday. Ether, the second-biggest coin, fell 3.8% to an intraday low of $1,931. Bitcoin Decline and Market Analysis “Bitcoin has fallen below $67,000, recording its third daily bearish candle,” said a chief market analyst at FxPro Group in a note. “Of the more than 20% rebound from Friday’s lows, only slightly...

- Early Bitcoin Supporter Eric Voorhees Buys Millions in Tokenized Gold, as Tether’s $23B Holdings Overtakes Governments Key Takeaways Early Bitcoin advocate and ShapeShift founder Eric Voorhees has purchased millions of dollars’ worth of tokenized gold, blockchain data shows, as stablecoin issuer Tether deepens its push into the metal, amassing reserves that analysts say now exceed those of several governments. The moves come as gold prices hover near record highs above $5,100 an ounce and Bitcoin continues to trade well below its recent peaks, underscoring a growing intersection between digital assets and traditional safe havens. Pivoting to Tokenized Gold On-chain analytics platform Lookonchain said Voorhees created nine new...

- HONG KONG — Last week’s sharp crypto sell-off was less a replay of 2022’s scandals and more a macro-driven unwind spilling over from traditional finance, according to market participants at Consensus Hong Kong 2026. “After Oct. 10th, a lot of people had already reduced risk,” said Fabio Frontini, founder of Abraxas Capital Management. “This is just a spillover from TradFi entirely… it’s all interconnected now.” Unwinding of Yen Carry Trades Panelists pointed to the unwinding of yen carry trades as a key catalyst. Thomas Restout, group CEO of B2C2, described the mechanics: investors borrow in low-interest-rate currencies like the yen and deploy that capital into higher-yielding or risk assets, including bitcoin, ether, gold and...

- Bitcoin has a long history of stomach-churning price swings, but the latest drop has shaken even committed believers. After reaching highs above $126,000 earlier this year, bitcoin tumbled below $70,000, briefly falling to the low $60,000s and erasing all gains since President Donald Trump’s election. Prices rebounded slightly, but the sharp reversal underscores how quickly fortunes can change in the crypto market. Must Read The sell-off has puzzled many investors who expected a crypto-friendly administration to boost prices. Bitcoin is often described as more stable than speculative memecoins, yet it has still proven vulnerable to shifts in demand, investor psychology, and broader risk-off moves in financial markets. John Blank...

- Danske Bank Offers Bitcoin, Ethereum ETPs to Investors, Ending Eight-Year Crypto 'Ban' Danish lender Danske Bank is offering its customers the opportunity to invest in Bitcoin and Ethereum exchange-traded products, but is refusing to recommend cryptocurrencies as an asset class. According to a press release, users of its Danske eBanking and Danske Mobile Banking services will be able to gain exposure to Bitcoin and Ethereum via corresponding ETPs, without having to hold the cryptocurrencies themselves. The bank, Denmark's largest, says that it’s rolling out these options in response to growing customer demand, and that it’s targeting customers who use its trading platform without receiving advice on investments. “As...

- Banks Sharpen Stance on Stablecoin Rules During White House Clash as Key Crypto Bill Remains on Ice US banks sharpened their stance this week in a clash with the crypto industry that has put major legislation on ice in Congress. Behind closed doors, the US banking industry shared a document calling for a prohibition on companies or other entities paying customers interest on their stablecoin balances during a second round of talks hosted by the White House's crypto council. That document served as the basis for the discussion during a Tuesday meeting on the issue, which is the major holdup in getting the Clarity Act through Congress, according to a source familiar with the matter. Along with representatives for bank and crypto...