Crypto News

- Russia’s Largest Crypto Miner BitRiver Faces Bankruptcy as CEO Under House Arrest: Report BitRiver, Russia’s largest crypto mining firm, is facing potential bankruptcy after a regional arbitration court opened insolvency supervision proceedings against its controlling shareholder. Igor Runets, BitRiver’s founder and chief executive, was reportedly placed under house arrest on tax evasion charges after a Moscow district court issued a ruling last week. Proceedings that would evaluate BitRiver were initiated by the Arbitration Court of Sverdlovsk Oblast, which on January 27 opened bankruptcy observation against Group of Companies Fox, which owns 98% of BitRiver’s authorized capital. The move follows a claim filed by Infrastructure of...

- Fed Chair Nominee Kevin Warsh Has Called Bitcoin The 'New Gold', Yet BTC Is Down 3% Presumptive Fed Chair nominee Kevin Warsh has in the past voiced tentative support for Bitcoin (CRYPTO: BTC), viewing it as a tool to inform policymakers rather than a threat to monetary stability. Bitcoin – Not A Trouble, But Policy Signal In a May 2025 interview with the Hoover Institution, the former Fed governor said the U.S. economy is poised for a productivity boom and that the Fed only needs modest adjustments, not a revolution, to maintain its core strengths. He added that Bitcoin does not make him nervous and serves as an important market signal, helping highlight when monetary policy is off-track. Warsh recounted seeing the original...

- 99Bitcoins Exclusive: “CLARITY Act Will Pass” Coinbase Research Chief Bullish as Wall Street and Crypto Titans Descend on DC Today, 2 February 2026, White House crypto czar David Sacks is set to host banking and crypto trade groups, along with Coinbase, to discuss the CLARITY Act or the Digital Asset Market Clarity Act of 2025. Meanwhile, the Securities and Exchange Commission (SEC) Chair, Paul Atkins, has been pressing Congress to pass the CLARITY Act. The Bill passed the House of Representatives back in 2025, but has remained stuck since. In an exclusive chat, David Duong, Head of Global Research, Coinbase Institutional said that he is optimistic that the bill will pass in 2026! “I think that we’ve already gotten stablecoin...

- Crypto Investment Products See Record Outflows Amid BTC, ETH Price Slump Key Takeaways Crypto investment products suffered their largest weekly outflows since mid-November 2025, with investors pulling a combined $1.73 billion from the market. According to the latest CoinShares data, the sell-off was driven by fading expectations of interest rate cuts, persistent negative price momentum, and growing frustration that digital assets have yet to benefit from broader market debasement narratives. Bearish Sentiment Dictates Crypto Investment Flows The CoinShares weekly asset flow report highlighted deepening bearish sentiment, mirroring a broader downturn across precious metals, equities, and commodities. This bearish sentiment has...

Morning Minute: Bitcoin Hit $75k After Weekend Washout GM! Today’s top news: The Weekend Bloodbath: Bitcoin Hits 9-Month Low as $2.5B Gets Liquidated The bull hopium may have just run out. What Happened Bitcoin dropped more than 7% over the weekend, sliding from around $84,000 to briefly touching $75,500 (now back over $78,000). The move pushed BTC below its True Market Mean ($80,500) for the first time in 30 months (the last time was late 2023 when Bitcoin traded at just $29,000). This led to ~$5B in liquidations across the weekend, almost all longs. Ethereum got hit hardest with $1.15B in ETH positions wiped out as ETH fell as much as 17% at one point. Solana lost nearly $200M in liquidations and also lost its $100 handle...

- Tron Founder Justin Sun Eyes $100 Million Bitcoin Purchase While other crypto enthusiasts are perturbed by Bitcoin price decline, Justin Sun is planning to invest around $100 million in the asset. Notably, Bitcoin price has now fallen to around $77,000, down by 14% within the last 30 days. Sun’s move comes at a time when Bitcoin treasury companies are counting their losses. Justin Sun to Buy the Bitcoin Dip Sun said that he is adding about between $50 million and $100 million worth of Bitcoin to Tron’s holdings. Coincidentally, Bitcoin price fell below $75,000 during the Asian morning hours on Feb. 2, marking its lowest point since last April. So far, BTC has lost up to 21% of its value since Jan. 15. According to CoinMarketCap...

- Crypto investment products recorded another heavy week of outflows, according to CoinShares’ latest weekly report dated Feb. 2. These funds recorded $1.7 billion in withdrawals last week and pushed year to date net outflows to $1 billion. CoinShares revealed that assets under management (AUM) for crypto investment products have dropped by $73 billion from their peak in October 2025. Outflows were mostly concentrated in the United States, which accounted for $1.65 billion of the total. Most major asset classes posted negative flows during the week, led by Bitcoin products. Bitcoin ETFs see Major Withdrawals CoinShares data shows Bitcoin investment vehicles recorded $1.32 billion in outflows last week. During this time, US-based...

- Key Takeaways Bitcoin’s dramatic price decline has sparked aggressive bearish predictions about its long-term value, as some of its harshest critics warn it could soon become “worthless.” Its recent drop has also unsettled some analysts, who highlight a substantial breakdown in the price structure that had supported the rally since early 2024, with some claiming it has entered bear-market territory. Bitcoin Bears Grow Louder As prices fall, bearish voices have become increasingly vocal. A prominent Bitcoin influencer known as Mr. Bitcoin Whale wrote on X that his conviction in the asset had dramatically weakened. Meanwhile, long-time Bitcoin critic Jacob King echoed that sentiment, dismissing bullish price narratives surrounding...

- Altcoins are starting February with mixed signals as selective tokens show strength despite broader market uncertainty. Key network upgrades, unique market positioning, and strong technical momentum are shaping short-term opportunities. BeInCrypto has analysed three such altcoins to keep on the radar during the first week of February. Zilliqa (ZIL) Zilliqa is a token to watch as its network prepares for a major upgrade this week. The Cancun upgrade will activate on the mainnet through a hard fork. The update aims to improve communication speed and offer finer-grained control, potentially boosting investor interest and short-term demand. ZIL price may benefit if the upgrade drives a demand surge. The altcoin is trading within a...

- Binance Initiates $100 Million Central Bank-Style Market Support As Bitcoin Bleeds Binance has executed the first Bitcoin purchase under its newly announced $1 billion SAFU conversion plan, acquiring 1,315 BTC, valued at approximately $100.7 million. The purchase comes as markets struggle through another bout of heavy selling pressure. Binance Makes a $100 Million Move That Looks a Lot Like Central Bank Intervention On February 2, on-chain data confirmed that the Binance SAFU Fund address received 1,315 BTC worth $100.7 million. It marks the first completed tranche of the exchange’s plan to convert its Secure Asset Fund for Users from stablecoins into Bitcoin over a 30-day period. Binance later confirmed the transaction, stating...

- Digital asset investment products recorded a second straight week of heavy outflows, shedding a combined $1.7 billion as investor sentiment toward the sector continued to deteriorate. Key Takeaways The latest withdrawals have fully reversed year-to-date inflows, pushing net global flows to a $1 billion outflow, according to a recent report from CoinShares. The renewed selling comes as markets adjust to a more hawkish U.S. Federal Reserve outlook, ongoing large-holder distribution linked to the four-year crypto cycle, and rising geopolitical uncertainty. Crypto Fund Assets Drop $73B Since Peak as US Leads Outflows Since peaking in October 2025, total assets under management across crypto investment products have fallen by roughly...

- Prediction market participants on Polymarket are assigning a 71% probability that Bitcoin will drop below $65,000 in 2026, as the crypto traded around $75,000 following a weekend sell-off that pushed it to nine-month lows. The bearish sentiment reflects a convergence of technical indicators, underwater ETF positions, and analyst warnings that the market has entered a sustained downturn rather than a temporary correction. Multiple analysts now point to support zones between $62,000 and $65,000 as critical tests for Bitcoin’s trajectory, with some warning that a break below these levels could trigger an extended bear phase reminiscent of previous cycle downturns. The prediction market data aligns with growing concerns from both...

- South Korea Deploys AI To Hunt Unfair Crypto Trades: Violators Risk Life Prison South Korea is moving deeper into algorithmic enforcement of its cryptocurrency markets as financial authorities roll out artificial intelligence tools to detect and act on unfair trading. A report by a local outlet stated that the Financial Supervisory Service has begun upgrading its virtual asset trading analysis platform, known as VISTA, to incorporate advanced AI capabilities aimed at identifying market manipulation more quickly and comprehensively. VISTA, which is already used as a core investigative tool, analyzes large volumes of trading data, automatically calculates abnormal indicators, and visualizes trading patterns to support enforcement...

- Five years ago, Polkadot (CRYPTO: DOT) was a high-flying cryptocurrency that ranked among the largest in the world. But how times have changed. Polkadot no longer ranks among the top 30 cryptocurrencies and has fallen off the radar of most crypto investors. So, is it worth taking a closer look at Polkadot? At a bargain price of just $1.84, surely Polkadot must be an underrated crypto, right? An ugly five-year chart The answer, unfortunately, is no. Just one look at Polkadot's five-year chart tells you all you need to know. After hitting an all-time high of $55 back in November 2021, Polkadot soon cratered in value. Over the past three years, the price of Polkadot has largely flatlined, with nary a recovery in sight. Polkadot now...

- Crypto markets are starting to see a new kind of participant. OpenClaw, an autonomous artificial intelligence (AI) agent platform, is moving from observation to execution, engaging directly with on-chain systems in ways that were previously reserved for human users. As activity from these agents expands across multiple networks, their role in the market is becoming harder to ignore. What Is OpenClaw? OpenClaw is an open-source autonomous AI assistant that emerged in late 2025. It has since captured the attention of both tech and crypto communities. Created by developer Peter Steinberger, the project was initially released under the name Clawdbot. As its popularity exploded on GitHub and social networks, the project underwent a...

- A severe sell-off over the weekend that wiped about $250 billion off the cryptocurrency market has rekindled speculation that the digital assets are in a structural failure or merely responding to macro stressors. Though all prices in the industry have tumbled ferociously, market analysts claim that it is a contraction of the U.S. liquidity situation and not a collapse of crypto markets. Raoul Pal, founder and CEO of Global Macro Investor, said that a temporary lack of U.S. dollar liquidity is triggered by a series of macro events, such as repeated government shutdowns, Treasury cash management dynamics, and a vacuum of risk capital. Bitcoin’s Drop Mirrors Tech Stocks as Liquidity Tightens, Pal Says In a post published on X over...

- Bitcoin Supercycle 2026 Cancelled! — Changpeng Zhao (CZ) Explains Why Key Takeaways Changpeng Zhao, widely known as CZ, who recently predicted a Bitcoin “supercycle” for 2026, has backtracked on this claim following growing criticism and market turbulence. During a weekend AMA session addressing widespread FUD (fear, uncertainty, and doubt), CZ explained that the crypto market may not experience a supercycle anytime soon. He pointed to the heavy influence of misinformation circulating across platforms like Crypto Twitter, which has amplified market fear and contributed to sudden liquidations. From Optimism to Caution Earlier, CZ had expressed strong confidence in a multi-year bull run driven by institutional adoption, clearer...

- Bitcoin slipped below the closely watched $80,000 level over the weekend after markets digested confirmation that Kevin Warsh will become the next chair of the Federal Reserve, triggering a wave of deleveraging across crypto markets, according to analysts at QCP Asia. Key Takeaways: In a Monday market note, QCP said bitcoin briefly fell to around $74,500 after breaking key technical support, while ether dropped below $2,170. The sell-off sparked more than $2.5 billion in liquidations of leveraged long positions, intensifying downside pressure at a time when sentiment was already fragile due to persistent outflows from US spot Bitcoin ETFs. Warsh Fed Pick Spurs Risk-Off Move Across Markets Risk aversion following the Warsh...

- No Relief For Crypto Investors As India Retains Current Crypto Tax In Budget 2026 India's crypto investors will get no respite from one of the world's harshest digital asset tax regimes, as Finance Minister Nirmala Sitharaman on Sunday left the punitive 30% tax rate and 1% Tax Deducted at Source (TDS) unchanged in her ninth consecutive Union Budget presentation. The decision to maintain the status quo on crypto taxation, first introduced in February 2022, dashes industry hopes for relief from a framework that has driven nearly three-quarters of India's $6.1 billion (₹51,252 crore) in crypto trading volume to offshore platforms. The 2022 regime imposed a flat 30% tax on virtual digital asset income with zero deductions except...

- SEC and CFTC Launch “Project Crypto” to Unite US Regulation The SEC and CFTC are turning “Project Crypto” into a single rulebook for how the United States polices digital-asset markets. The US Securities and Exchange Commission and the Commodity Futures Trading Commission have formally reshaped Project Crypto into a joint effort to align federal oversight of digital-asset trading. Agency chairs Paul S. Atkins and Michael S. Selig confirmed the shift this week in Washington, D.C. Both agencies outlined the plan in speeches on 29 January 2026, followed by a legal brief released on 30 January. How Will Project Crypto Change US Crypto Regulation? The goal is simple: cut down on overlapping rules and ease uncertainty as Congress...