Author: Kryptonews

Bitcoin filled one of two new futures gaps with a trip below $90,000 as analysis predicted a potential bottom level for the next BTC price cycle.Bitcoin (BTC) dipped below $90,000 Thursday as market participants saw a classic short-term target coming next.Key points:Bitcoin dices with the 21-day moving average trendline as it fills open gaps in CME futures markets.One gap remaining could see the price return to $88,000 next.If the market reverses higher without filling it, that $88,000 gap could mark the bottom of the next BTC price cycle, says analysis.Bitcoin price gives up $90,000Data from TradingView showed new local lows…

BitMine Immersion Technologies, the largest known corporate holder of ether, has resumed purchases of the cryptocurrency in the new year, signaling continued confidence in Ethereum even as some analysts expect near-term price weakness.BitMine bought $105 million worth of Ether (ETH) in its first reported acquisitions of the new year, according to a Wednesday X post from blockchain data platform Arkham.The treasury company now holds 4.07 million Ether worth $12.6 billion, representing 3.36% of the ETH supply, according to data from the StrategicEthReserve.BitMine still holds $915 million in total cash reserves, according to its latest update on Monday, which may be…

US spot XRP exchange-traded funds (ETFs) recorded their first net outflow day since launch, with about $40.8 million exiting the products on Wednesday, ending a multi-week streak of uninterrupted inflows. SoSoValue data shows that the pullback marked the first daily reversal after XRP (XRP) ETFs had steadily accumulated assets since mid-November 2025. The outflow day also followed a strong start to the year, with the funds logging consecutive inflow days, pushing their cumulative net inflows to $1.2 billion.The red day coincided with heavy selling pressure across major crypto-linked ETFs. Farside Investors data shows that spot Bitcoin (BTC) ETFs posted $486 million…

Mona’s Eyes, a recently published novel by Thomas Schlesser, has drawn widespread praise, leading Barnes & Noble to name it the book of the year for 2025. But it is also gaining less positive notice for a reason that has nothing to do with the text itself: its cover. “I feel like I’m being ragebaited by this book cover,” reads the name of a viral Reddit thread devoted to Mona Eye’s, which is about a girl who journeys through Paris’s museums with her grandfather, fearing that she may soon go blind. Related Articles “I feel so ragebaited right now because…

Financial authorities in India have reiterated concerns over cryptocurrency transactions, warning they could complicate tax enforcement.India’s Income Tax Department (ITD), under the Central Board of Direct Taxes (CBDT), flagged major risks linked to crypto activity during a parliamentary standing committee on finance, The Times of India reported on Thursday.The warning came during a Wednesday parliamentary committee meeting involving multiple agencies, including the Financial Intelligence Unit (FIU), the Department of Revenue, and the CBDT, which discussed the report “A Study on Virtual Digital Assets (VDAs) and Way Forward.”The ITD highlighted challenges posed by offshore exchanges, private wallets, and decentralized finance (DeFi)…

The entire Electric Coin Company team behind privacy-focused cryptocurrency Zcash has split from Bootstrap, the nonprofit created to support the token, and plans to create a new company, according to CEO Josh Swihart.“Over the past few weeks, it’s become clear that the majority of Bootstrap board members […] Specifically Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai (ZCAM), have moved into clear misalignment with the mission of Zcash,” Swihart said on Wednesday.“Yesterday, the entire ECC team left,” he said. “In short, the terms of our employment were changed in ways that made it impossible for us to perform our…

US investment bank Morgan Stanley may be positioning itself so that even if its newly announced spot Bitcoin exchange-traded fund underperforms, it will still deliver strategic benefits across the firm, according to ProCap chief investment officer Jeff Park.“Morgan Stanley is making the bet that even if their ETF doesn’t scale to blockbuster success, there’s an intangible benefit that will help build their clout,” Park said on Wednesday.His comments come just a day after Morgan Stanley filed with the US Securities and Exchange Commission to launch two ETFs, one tied to Bitcoin (BTC) and the other to Solana (SOL).Crypto market “much…

Fireblocks has agreed to acquire crypto accounting and tax platform TRES for $130 million, a move aimed at strengthening compliance tools for institutions managing digital assets at scale. Key Takeaways: Fireblocks is acquiring TRES for $130 million to strengthen tax and accounting compliance for institutional crypto users. Surging stablecoin volumes and on-chain treasury activity are driving demand for audit-ready blockchain accounting tools. The deal advances Fireblocks’ goal of offering a full-stack crypto treasury and infrastructure platform. The deal comes as on-chain activity continues to expand across corporate treasuries and payment systems.Rising Stablecoin Volumes Drive Demand for Crypto Accounting ToolsFireblocks said…

David Zwirner Gallery now represents New York–based artist Amy Sillman. Sillman, whose colorful paintings and drawings expertly straddle the line between figuration and abstraction. She previously worked with Gladstone Gallery. Her first show there, “Mostly Drawing” in 2018, offered viewers “a thrilling, rollercoaster-like experience,” as Phyllis Tuchman wrote in her review for ARTnews. Before that, Sillman showed with Capitain Petzel and carlier | gebauer in Berlin, Sikkema Jenkins and Casey Kaplan in New York, Campoli Presti in Paris, Susanne Vielmetter in Los Angeles, and various other galleries. Related Articles In a statement, David Zwiner praised Sillman’s practice as “endlessly intelligent”…

Bitmine appears to be expanding its Ethereum staking footprint as part of its evolving treasury strategy. Summary Bitmine staked 19,200 ETH worth about $60M, lifting total staked ETH to $2.62B. The firm now controls over 4 million ETH, the largest known corporate ETH treasury. Staking activity supports Bitmine’s planned U.S.-based validator network launch in 2026. Bitmine is pressing ahead with its Ethereum-first treasury play as staking activity continues to scale. The latest data was shared in a Jan. 8 post on X by on-chain analytics platform Onchain Lens, which tracked Bitmine’s most recent Ethereum (ETH) staking transaction. Staking total climbs…