Author: Kryptonews

Next month, during the spring sales in London, Sotheby’s will auction off ten works to raise money for the Royal Academy of Arts in London, which has been in a financial crisis since the pandemic. The works have all been donated by living or honorary Royal Academicians, in the hopes of raising enough funds to “secure the future of the Royal Academy as a place where creativity flourishes and artists can fully realise their vision,” Batia Ofer, chair of the Royal Academy Trust told the Art Newspaper. The cumulative high estimate of the works is around £2.6 million ($3.7 milion).…

Bitcoin has posted $2.3 billion in realized losses in what one analyst says is one of the largest capitulation events in history, rivaling its crash in 2021. Bitcoin’s (BTC) seven-day average realized net losses hit $2.3 billion, analyst IT Tech said in a note on CryptoQuant on Thursday, which it called “one of the largest capitulation events in BTC history, rivaling the 2021 crash, 2022 Luna/FTX collapse, and mid-2024 correction.”“This puts us in the top 3-5 loss events ever recorded,” IT Tech added. “Only a handful of moments in Bitcoin’s history have seen this level of capitulation.”Bitcoin has dropped nearly…

Coinbase (COIN) missed fourth-quarter earnings forecasts on Thursday, thanks to weaker trading activity and lower crypto asset prices.The U.S.-based crypto exchange posted total revenue of $1.78 billion against estimates for $1.83 billion. Adjusted EPS of $0.66 was well lower than the consensus $0.86.Total transaction revenue of $983 million was below forecasts for $1.02 billion and down from $1.046 billion in the third quarter and $1.556 billion in the fourth quarter one year ago.Subscription revenue of $727.4 million was down from $746.7 million the previous quarter and up from $641.1 million a year earlier.Through Feb. 10 of the first quarter, the…

Key takeaways:BTC open interest falls to $34 billion, but stable BTC-denominated volume suggests leverage demand remains unchanged.Weak US jobs data and Bitcoin options skew indicate a bearish shift, even as gold and stocks show relative strength.Bitcoin (BTC) price has struggled to sustain levels above $72,000 for the past week, leading investors to question whether institutional demand has evaporated. The aggregate Bitcoin futures open interest plummeted to its lowest level since November 2024, fueling fears of a retest of the $60,000 support as uncertainty grows. BTC futures aggregate open interest, USD. Source: CoinGlassThe aggregate BTC futures open interest hit $34 billion…

After Bitcoin’s recent price pullback, the broader crypto market is slowly finding balance again. During this recovery phase, attention is shifting toward top presale coins as buyers search for projects that may deliver steady gains over time. Still, not all top presale coins offer lasting strength. The projects that stand out usually share clear goals, real use cases, and open structures that treat participants fairly. When hype alone drives a presale, early excitement can fade quickly. For readers thinking long term, this review looks closely at four top presale coins showing strong fundamentals right now: Zero Knowledge Proof (ZKP), Bitcoin…

Bitcoin (BTC) and Ethereum’s native token, Ether (ETH), continue to seach for price stability after trading at respective intraday lows of $66,171 and $1,912 on Thursday. As this process runs its course, new analysis from Bloomberg analysts investigates how the spot BTC and ETF holders are faring amid sustained price weakness and slowing exchange-traded fund (ETF) inflows. Key takeaways:Net value of the spot Bitcoin ETF assets fell to $85.76 billion from $170 billion (Oct 2025 peak), with the 2026 net flows at about -$2 billion.The spot Ether ETF asset value dropped to $11.27 billion from $30.5 billion, with ETH trading…

The pro-crypto political action committee (PAC) Protect Progress will reportedly spend $1.5 million opposing Texas representative Al Green in the upcoming Democratic Party primary over his past opposition to crypto.“As a member of the Financial Services Committee, Representative Al Green has decided to try and stop American innovation in its tracks,” Protect Progress, an affiliate of the major crypto PAC Fairshake, told The Hill on Thursday.Green, a Democrat who has represented Texas’s 9th congressional district in the House since 2005, opposed the stablecoin regulating GENIUS Act and the CLARITY Act, two crypto-focused bills that the House passed last year.“Texas voters…

The Commodity Futures Trading Commission has added a slew of crypto executives, including those from Coinbase and Ripple, to its Innovation Advisory Committee, who will shape how the regulator crafts policy.CFTC chair Mike Selig said on Thursday that the 35 members of the committee will “ensure the CFTC’s decisions reflect market realities” and enable it to “develop clear rules of the road for the Golden Age of American Financial Markets.”The committee was launched in January and replaced the Technology Advisory Committee, which drew on the advice of tech leaders to dissect how new technologies were impacting the derivatives markets more…

Earlier this week, news broke that the Trump administration had quietly removed the Pride flag that once waved over the Stonewall National Monument in New York’s West Village. Several New York City and State elected officials condemned the flag’s removal, and many gathered to reinstate it on Thursday afternoon. Gay City News first reported on the flag’s removal on Monday, with the removal likely happening over the weekend. A report in amNewYork quoted Tim Sutton, a local resident, who said he witnessed the removal on Friday, February 6, at around 10am. At the time Sutton didn’t realize what was going…

The highly anticipated debut of Cardano (ADA) futures on the Chicago Mercantile Exchange (CME) has materialised as a classic “sell the news” event. Despite institutional optimism regarding the regulated product, the launch was immediately followed by a 3% dip, sending the ADA price testing critical support levels near $0.25. Cardano, Chainlink and Stellar futures are now available to trade. Expand your trading strategy with the capital efficiency and flexibility of these new contracts, available in both larger and micro sizes. Start trading today. ➡️https://t.co/CMksnUfZpo pic.twitter.com/19thOQHGZk — CME Group (@CMEGroup) February 9, 2026 The launch of futures contracts marks a significant…