Crypto News

- Last week's rout delivered bitcoin's biggest realized loss ever; bottoming signals grow The largest realized loss in bitcoin history occurred during last week’s market downturn, shattering previous records as the asset plummeted from $70,000 to $60,000 on Feb. 5. According to Glassnode, the Entity-Adjusted Realized Loss reached $3.2 billion. This metric exclusively tracks the USD value of moved coins sold below their acquisition price while filtering out internal transfers between the same entity. This massive capitulation surpassed even the darkest days of 2022, eclipsing the $2.7 billion loss recorded during the Terra (LUNA) collapse. According to data platform Checkonchain, "Last week's bitcoin sell-off meets the criteria of a...

Thailand's SEC Clears Path for Crypto-Linked Derivatives Thailand’s Cabinet has approved key changes to expand the types of assets allowed under the country’s Derivatives Act. Under the new regime, crypto would be permitted to serve as underlying instruments for regulated derivatives products, reinforcing their recognition as an investment asset class within Thailand’s formal capital markets framework. “This development will help promote more inclusive market growth, facilitate diversification and more effective risk management, and expand investment opportunities for a broader range of investors,” SEC Secretary-General Pornanong Budsaratragoon said in a statement. Earlier this year, Thailand’s SEC outlined a three-year capital...

- The crypto market is yet to recover from the Oct. 10 crash. The total digital asset market cap has fallen from $3.1 trillion a month ago to $2.3 trillion right now. The leading cryptocurrency, Bitcoin (BTC), is trading at $67,610.98 right now, losing more than 25% of its value within a month. Ether (ETH), the second-largest cryptocurrency, has lost more than 35% of its value during the same period to trade at $1,950.28 at press time. As per CoinGlass, the Crypto Fear & Greed Index is sitting at 12, indicating "extreme fear" for months now. The crypto community now fears if the ongoing winter could be worse than 2022 itself. While no big names like FTX have collapsed, several popular crypto companies have filed for bankruptcy...

- Crypto’s 2-Second Laundering Era: Hackers Now Move Before Victims Speak Crypto hackers are now moving stolen funds in as little as two seconds after an attack begins. In most cases, they shift assets before victims even disclose the breach.  That is the clearest finding from Global Ledger’s 2025 analysis of 255 crypto hacks worth $4.04 billion. Blink and It’s Gone: Crypto Laundering Now Starts Before Disclosure The speed is striking. According to Global Ledger, 76% of hacks saw funds move before public disclosure, rising to 84.6% in the second half of the year. This means attackers often act before exchanges, analytics firms, or law enforcement can coordinate a response. However, speed tells only part of the story. While first...

- Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong championed cryptocurrency and tokenization, emphasizing that they open up investment opportunities to billions. ‘A Great Equalizer’ In an X post, Armstrong argued that the two technologies would democratize wealth creation by providing a “level playing field” for people worldwide. “Crypto and tokenization will be a great equalizer, giving billions a level playing field to pursue wealth creation,” the cryptocurrency mogul said. Armstrong drew on psychologist Jordan Peterson’s view that we should prioritize “equality of opportunity” instead of “equality of outcomes.” Asset Tokenization: The Future Of Finance? There has been a sustained industry-wide shift toward asset...

- It was in the wake of the 2008 global financial crisis that Bitcoin (BTC) was launched a year later to challenge the dominance of Wall Street in international money circles. Since then, the cryptocurrency has come a long way and is now a $1.3 trillion behemoth despite the ongoing crash. Wall Street giants like BlackRock were at first quite critical of Bitcoin, but growing adoption and soaring value drove the asset manager to launch a U.S. spot exchange-traded fund (ETF) linked to the crypto asset in January 2024. The success of the spot Bitcoin ETF encouraged BlackRock to launch a spot ETF linked to Ethereum (ETH) in July the same year. Now, a 154-year-old banking institution has also decided to offer crypto investments after much...

- Bitcoin miner files Chapter 11 after unfortunate fire Whenever a company files for bankruptcy, markets and business models are often under scrutiny. However, not all collapses are due to poor strategy or decreased demand; sometimes natural disasters play a significant role. Pacific Gas & Electric (PG&E) filed for Chapter 11 in January 2019 due to massive liabilities associated with California wildfires, notably the Camp Fire. The company cited wildfire-related claims as creating unsustainable financial pressure, necessitating bankruptcy protection. Other companies like J.C. Penney and Pacific Theatres have also pointed to natural disasters as contributing factors to their financial distress. Mining bankruptcies are usually blamed...

- 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...