Crypto News

- Payy Crypto Wallet Provider Launches Privacy Focused Ethereum L2 Crypto wallet provider Payy has expanded its operation by launching an Ethereum Layer-2 network with support for private ERC-20 transfers. The crypto-inclined firm announced the milestone on X on Feb. 4. The startup said it is already engaging launch partners, including stablecoin issuers, however, it withheld their names with plans to disclose them at a later date. Payy Attacks Slow Speed for TradFi Investors Payy is known for operating a privacy-focused wallet alongside a crypto banking card. The latest launch of an Ethereum L2 marks an extension of its services. Going forward, users of the protocol can now have the network as a custom chain in MetaMask. In...

- Bitcoin (CRYPTO: BTC) just fell to a 52-week low, surpassing the slump that came during the peak of the tariff-induced market sell-off in April 2025. The iShares Bitcoin Trust ETF (NASDAQ: IBIT), which is the largest Bitcoin exchange-traded fund (ETF) by net assets, also just touched a 52-week low. Here's what you need to know about buying Bitcoin through an ETF versus owning it outright, and why the exchange ratio between the iShares Bitcoin Trust ETF and one bitcoin is a little more complicated than it seems at first glance. Approaching cryptocurrency ownership Bitcoin has a track record of steep plunges and gains that on net have outpaced the S&P 500 (SNPINDEX: ^GSPC) during the last three-, five-, and 10-year periods. Simply...

- Key Takeaways Strategy (formerly MicroStrategy) has long been marketed as a bold corporate bet on Bitcoin. For U.S. public pension funds, however, that bet is starting to look far more uncomfortable. As Bitcoin prices slid sharply through late 2025 and into early 2026, MSTR fell nearly 67% over six months. The decline has rippled well beyond crypto markets, pulling traditionally conservative state pension funds into hundreds of millions of dollars in paper losses. What began as a small, indirect way to gain exposure to Bitcoin has instead become a case study in how crypto volatility can collide with public retirement systems designed to prioritize stability over speculation. Pension Funds Feel the Weight of Bitcoin Leverage...

- US-Iran Nuclear Deal In 2026? Here's What The Crypto Punters Are Betting On Even As Trump Remains Tight-Lipped Odds of a nuclear deal between the U.S. and Iran rose on prediction markets Monday amid renewed optimism from Tehran. Will Iran And The US Finally Agree? The chances of the two countries reaching an agreement this year climbed to 57% on Polymarket before easing to 53%. The odds were only 30% a week ago. Over $23,000 has been wagered on the outcome. The market will resolve to “Yes” if an official agreement over Iranian nuclear research or weapon development, defined as a publicly announced mutual agreement, is reached between the U.S. and Iran before Dec. 31. Notably, the odds of a U.S. military strike on Iran fell...

- In 2013, Billy Markus and Jackson Palmer felt the crypto industry was suddenly taking itself too seriously, so they launched a meme token called Dogecoin (CRYPTO: DOGE) to lighten the mood. By piggybacking off the "Doge" meme that was sweeping the internet at the time, the two friends were able to attract a significant amount of attention to the project. By 2021, Dogecoin had amassed a peak market capitalization of over $90 billion, but it swiftly lost more than 90% of its value in the months that followed. Dogecoin lacks a true use case For a cryptocurrency to generate consistent upside, it needs at least one use case that drives people to constantly buy more of it. Bitcoin, for example, typically experiences high demand from...

- Bitcoin crashes to $70K, millions of dollars wiped out Bitcoin crashed to the $70,000 price level in the early hours on Jan. 5 as the leading cryptocurrency lost more than 7% in value within the last 24 hours. The price crash is the worst since early November 2024. The total crypto market cap fell 6% in 24 hours to $2.5 trillion at the time of writing. As per the onchain analytics platform CoinGlass, crypto positions worth $853 million have been liquidated within the last 24 hours. It includes $708 million in long and $145 million in short positions. In the past 24 hours, 175,739 traders were liquidated. Bitcoin led with $406.7 million in liquidations, followed by $211 million in Ethereum (ETH) and $72 million in Solana (SOL)...

- Bhutan Transfers $22M in Bitcoin Amid Market Downturn Bhutan moved Bitcoin holdings to institutional market makers as the crypto market extended losses, though analysts say the transfers align with the kingdom's established treasury operations rather than distressed selling. Blockchain analytics platform Arkham confirmed two major outflows from Druk Holding Investments (DHI), Bhutan's sovereign investment arm, over the past week. The transactions included 184.03 BTC worth $14.09 million on Wednesday and 100.82 BTC valued at $8.31 million five days earlier, with the latter sent directly to labeled addresses tied to Singapore-based crypto asset trading firm QCP Capital. "I would think it's a routine operation. The amount is not...

- Key Takeaways As Bitcoin slid toward fresh yearly lows near $70,000, U.S. Treasury Secretary Scott Bessent delivered a blunt reality check to investors: There will be no government rescue. Despite years of speculation around a potential U.S. Bitcoin reserve, Bessent made it clear that Washington has neither the legal authority nor the political appetite to step in and stabilize crypto markets. Any hopes of taxpayer-backed support, he said, are misplaced. No Bailout for Bitcoin U.S. Treasury Secretary Scott Bessent delivered a stark message to cryptocurrency investors during a House Financial Services Committee hearing on February 4. He emphasized that the federal government has no plans or authority to provide a bailout for...

- US Treasury Secretary Scott Bessent faced an unusual line of questioning on Capitol Hill on Wednesday. Rep. Brad Sherman (D-CA) pressed him on whether the federal government could step in to “bail out Bitcoin” during a downturn. It comes as Bitcoin and the broader digital asset market bleed, with the pioneer crypto down by over 40% from its all-time high (ATH) and nearly 30% from its 2026 peak. Treasury Clarifies: No Federal Bailout for Bitcoin, Investors Bear Full Risk The exchange, part of a hearing before the House Financial Services Committee, highlighted both the decentralized nature of Bitcoin and the limitations of US financial authorities in stabilizing digital assets. Bessent paused before asking for clarification: “What...

- The Bitwise Crypto Industry Innovators ETF (NYSEMKT: BITQ) provides investors exposure to growth stocks deriving most of their revenue from cryptocurrency-related businesses. Despite Bitcoin (CRYPTO: BTC) being down 20% over the past year, the ETF remains flat year to date and nearly tripled from trough to peak last year, showcasing its promising nature. It's actually an AI ETF Although the Bitwise Crypto Industry Innovators ETF brands itself as a crypto fund, it is actually an AI ETF. Eight of its top 10 holdings are crypto mining companies pivoting towards AI infrastructure for long-term revenue growth. Iren is the largest position, constituting almost 15% of the fund's total assets. Applied Digital and Cipher Mining comprise...

- Ethereum’s on-chain lending ecosystem has reached a new milestone, with active loans surpassing $28 billion as of January 2026. Central to this growth is Aave, the leading Ethereum-based lending protocol, which controls approximately 70% of the network’s active lending market. Aave’s Automated Liquidations Prevent DeFi Contagion Amid Weekend Crash Data on Token Terminal shows that the growth in active loans across Ethereum-based lending platforms achieved a tenfold increase from January 2023 lows. This milestone highlights Ethereum’s continued dominance in DeFi. It gives it a roughly tenfold advantage over competing networks such as Solana and Base. The surge in lending activity, while a signal of DeFi’s expanding adoption, also...

- Tether Smashes Q4 Records as Crypto Slows — $187B, 534M Users, $4.4T Move Key Takeaways Tether released its Q4 2025 attestation, highlighting continued growth despite a slowdown across the broader crypto market. The report, prepared by auditing firm BDO, confirms the company’s strongest financial position to date, driven largely by interest income from U.S. Treasury holdings and a diversified asset base. User Growth and Transaction Surge Amid Market Slowdown Tether’s user base expanded significantly, reaching an estimated 534.5 million users by the end of Q4 2025. This marked an addition of 35.2 million new users during the quarter, extending an eight-quarter streak of growth exceeding 30 million users per quarter. The estimate...

- Silver sank as much as 17% in the past 24 hours, wiping out a two-day rebound as the metal struggled to find a floor after last week’s historic rout. The move dragged gold and copper lower as well, extending an unwind that traders say has been magnified by thin liquidity and heavy speculative positioning. The renewed drop is also showing up on crypto rails. On Hyperliquid, one of the larger liquidation prints tied to tokenized silver was a forced close of roughly $17.75 million in XYZ:SILVER, with about $16.82 million of that coming from long positions, according to trade data shared by market participants. The lopsided unwind fits the pattern of late, with traders leaning into rebound bets only to get flushed when volatility...

- Bitcoin slips below $71,000 as AI-driven tech rout worsens Bitcoin slid below the $71,000 mark in Asian hours Thursday as a renewed selloff in global technology stocks spilled into crypto markets, undercutting hopes of a sustained rebound after last week’s volatility. The world’s largest cryptocurrency fell as much as 7.5% over the past 24 hours, touching lows near $70,700 before paring some losses, according to CoinDesk data. The move followed sharp declines in Asian equities, where mounting concern over artificial intelligence spending, stretched valuations, and slowing earnings momentum pushed investors further away from risk assets. MSCI’s Asia tech index fell for a fifth time in six sessions, led by steep losses in South...

- Some crypto firms have come up with new compromises to banks related to stablecoin disputes, a new Bloomberg report revealed. However, no agreement has been reached so far. The US crypto market structure pessimism has increased after the White House failed to resolve the stablecoin “yield vs rewards” impasse during the Monday meeting. The meeting saw industry groups and representatives from exchanges, as well as Wall Street bankers. Though not all crypto firms were offering new concessions, some proposed bigger roles for banks directly in the stablecoin ecosystem. These include bank-issued tokens through partnerships, holding reserves, among others, unnamed sources told the publication. The proposals aim to address fears from...

- Bhutan moved $22.4 million in Bitcoin out of sovereign wallets this week, including a direct transaction to institutional market maker QCP Capital. The Himalayan nation's crypto portfolio has dropped from a $1.4 billion peak to about $412 million. The outflows continue a pattern of periodic liquidations by the Royal Government of Bhutan, which began mining and holding Bitcoin in 2019. These recent transactions highlight questions facing sovereign crypto strategies amid ongoing market pressures. Recent Bitcoin Sales and Transaction Patterns Blockchain analytics platform Arkham confirmed the Bitcoin sales. Two major outflows came from Druk Holding Investments (DHI), Bhutan's sovereign investment arm. The transactions included 184.03...

- Bitcoin extended losses Wednesday evening as selling pressure resumed and liquidation activity picked up across derivatives markets, reigniting investor concerns over continued stress. While Bitcoin briefly fell beneath the $72,000 mark for the first time since November 2024, the drawdown is a “common” trait for the digital asset, John Haar, managing director at Bitcoin financial services firm Swan Bitcoin, told Decrypt. “It was less than four months ago that Bitcoin hit a new all-time high of $125,000,” Haar said. “Nothing has changed the long-term Bitcoin investment thesis.” Bitcoin is trading around $71,400, down 6% on the day and nearly 43% from its October 6 all-time high of $126,080, according to CoinGecko data. Haar...

- Bitcoin tumbled 6% to $72,000 on Thursday as the sell-off in global tech spilled into Asia, keeping traders defensive across crypto and equities after another bruising session on Wall Street. Fresh liquidation data showed forced selling accelerated as prices slid. CoinGlass data showed $627.96M in liquidations over the past 24 hours, with $497.10M from longs and $130.86M from shorts. Bitcoin liquidations led at $255.4M, followed by Ether at $181.75M and Solana at $70.84M, with another $24.09M spread across smaller tokens. Market snapshot In Asia, markets opened on the back foot. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1%, South Korea’s Kospi dropped 1.7% and Taiwan’s benchmark lost 0.7%. China’s CSI300...

- Bitcoin Falls Below $72,000 as Market Faces a ‘Crisis of Faith’ Bitcoin briefly slumped below $72,000, a level last seen 15 months ago, as a broad risk-off move engulfed global markets. The world’s largest cryptocurrency is extending a downward spiral that has seen it shed more than 42% from its peak in October last year. Bitcoin fell as low as $71,540 in Asia trading Thursday. That’s the weakest level since Nov. 6, 2024, the day after Donald Trump was re-elected US president. It had dipped to $71,739 late Wednesday in New York. Crisis of Faith “The market is currently navigating a ‘crisis of faith,’” said Shiliang Tang, managing partner of Monarq Asset Management. While earlier legs of the decline were driven by crypto-specific...

- Bitcoin briefly dipped below $72,000 on Thursday morning in early Asian trading hours, hitting its lowest level in nearly 16 months. As the selloff deepens, traders on Polymarket are rapidly repricing their expectations — and the data paints a sobering picture for the short term, even as longer-term optimism persists. Polymarket's real-money contracts show a market caught between defending $70,000 as a floor and clinging to $100,000 in annual returns. February Outlook: $70K Is the Line in the Sand Polymarket's February Bitcoin price contract, with 24 days remaining and nearly $1.78 million in volume on the $70,000 target alone, tells a clear story. The $70,000 contract surged to 74% probability — up 65% — making it the most...