Author: Kryptonews

Bitcoin (BTC) pushed back above $71,000 on Monday, after market sentiment indicators across the crypto market dropped to new lows. Some analysts believed that “extreme fear” and upside liquidity may help Bitcoin hold above its yearly-low at $60,000, but others warned that weak market conditions and bearish futures volume may push prices even lower.Key takeaways:The Crypto Fear & Greed Index dropped to a record low of 7, showing extreme fear in the market.More than $5.5 billion in short liquidations above current prices may fuel a rebound.Weak price trends and rising derivatives selling may still drag Bitcoin below $60,000.Sentiment and liquidation…

Cross-chain bridge CrossCurve announced Monday that it has suffered a major attack, losing $3 million across multiple networks.The DeFi protocol noted that a vulnerability in its smart contracts had been exploited, raising security concerns about cross-chain infrastructure.“Our bridge is currently under attack,” it wrote on X, warning users to suspend all interactions with CrossCurve. URGENT Security NoticeDear users,Our bridge is currently under attack, involving the exploitation of a vulnerability in one of the smart contracts used.Please pause all interactions with CrossCurve while the investigation is ongoing.We appreciate your patience and… pic.twitter.com/yfo1KvWoDd— CrossCurve (@crosscurvefi) February 1, 2026 Smart Contract Flaw: Attackers…

Speaking on CoinDesk Live at the Ondo Summit in New York City, former House Financial Services Chair Patrick McHenry and White House advisor Patrick Witt said a sweeping crypto market structure bill could pass within months.Latest developments: Optimism is rising across Washington and industry.McHenry and Witt discussed the growing momentum for landmark crypto legislation, even as debates intensify over yield, DeFi, and ethics.McHenry predicted a finalized market structure bill could reach the president’s desk by Memorial Day.Witt said President Trump has personally prioritized the legislation following passage of the Genius Act.Inside the White House push: Negotiations are narrowing.Witt said a…

Beast Industries, the entertainment company founded by YouTuber Jimmy “MrBeast” Donaldson, is acquiring Step, a mobile banking app focused on teenagers and young adults, marking its most significant push into finance to date.In a post to X on Monday, Donaldson said the motivation behind the acquisition was to equip young people with the tools and guidance needed to navigate personal finance from an early age. Source: MrBeastBeast Industries CEO Jeff Housenbold said, “Financial health is fundamental to overall wellbeing, yet too many people lack access to the tools and knowledge they need to build financial security.”The acquisition cost was not…

Jump Trading, a Chicago-based quantitative trading company, is reportedly set to acquire minority stakes in prediction market platforms Polymarket and Kalshi, underscoring growing institutional interest in the rapidly expanding sector.The equity stakes would be obtained in exchange for providing trading liquidity on both platforms, Bloomberg reported Monday, citing people familiar with the discussions.While the report did not disclose specific ownership percentages, Bloomberg said Jump’s stake in Polymarket would scale based on the liquidity the company ultimately provides.Founded more than two decades ago, Jump Trading has long been a major player in proprietary financial trading and has expanded aggressively into digital…

ETH price moved above $2,150 as Bitcoin and US stock markets rallied, but does data show whether derivatives traders have turned bullish yet?Key takeaways:Ethereum maintains dominance in its total value locked metric, yet faces scrutiny over layer-2 scaling.ETH inflation rose to 0.8% as onchain activity slowed, while US macroeconomic fears kept the derivatives markets in bearish territory.Ether (ETH) price managed to reclaim the $2,100 level following a 43% crash over nine days that culminated in the altcoin making a $1,750 low on Friday. Despite a 22% relief bounce after hitting its lowest price since April 2025, ETH derivatives markets continue…

A trader on the Polymarket platform has recently made over $10 million in total profits by placing accurate bets on various events on the decentralized betting network, a move that has further raised concerns about insider trading on prediction markets. Polymarket is a decentralized prediction market that allows users to place bets on the outcome of events such as sports, economics, politics, etc., and as a result, earn money if their predictions are right. Polymarket is currently the largest prediction market in the DeFi landscape, with a $369.69 million in TVL, according to data from DeFiLlama. Kalshi, OPINION, Probable, and…

Bitcoin (BTC) is trading above $70,000 as traders attempt to stabilize price action following the sharp sell-off last Friday, which briefly pushed BTC below $60,000 and erased nearly $10,000 in a single session.Onchain data shows long-term holders (LTHs) reduced exposure at the fastest pace since December 2024, but the total supply held by long-term investors continued to rise in 2026, a divergence that may indicate traders repositioning and what may prove to be discounted Bitcoin.Key takeaways:Bitcoin long-term holders recorded a –245,000 BTC net position change last week, the largest daily outflow since December 2024.Despite selling, LTH supply rose to 13.81…

Art Basel Qatar closed its inaugural edition this week with numbers that suggest Doha has quickly established itself as a serious market platform. Getting there required patience. Selling in Doha was always going to unfold differently. The Qatari royal family was given a private walkthrough on Monday, the day before VIP preview began. Sorces told ARTnews that galleries were told that any work placed on hold would either be confirmed as sold or released within 24 hours.  Related Articles Yet even on Thursday afternoon, the first public day, dealers could be seen checking their phones and scanning the aisles for signals. During…

Polymarket has filed a federal lawsuit against the state of Massachusetts, arguing that Congress granted the Commodity Futures Trading Commission (CFTC) exclusive authority over event contracts, preventing states from independently shutting down federally regulated prediction markets.Neal Kumar, Polymarket’s chief legal officer, confirmed the lawsuit on Monday, saying the dispute involves national markets and unresolved legal questions that must be addressed at the federal, not state, level.“Racing to state court to try to shut down Polymarket US and other prediction markets doesn’t change federal law — and states like MA and NV that have done so will miss an amazing opportunity…