Author: Kryptonews

Tether has frozen more than half a billion dollars in cryptocurrency at the request of Turkish authorities, blocking funds tied to an alleged illegal online betting and money-laundering operation.Last week, prosecutors in Istanbul announced the seizure of approximately €460 million ($544 million) in assets belonging to Veysel Sahin, accused of operating unlawful betting platforms and laundering proceeds. Officials initially declined to identify the crypto firm involved, but the company was Tether Holdings SA, the issuer of the $185 billion USDt (USDT) stablecoin, CEO Paolo Ardoino told Bloomberg. “Law enforcement came to us, they provided some information, we looked at the…

An early self-portrait by Artemisia Gentileschi broke a record for the Italian Baroque painter when it sold at Christie’s in New York for $5.69 million—well over its estimate of $2.5 million to $3.5 million. As reported by Artnet News, “The previous auction high for a Gentileschi was $5.25 million (€4.7 million), which was set in 2019 at Artcurial in Paris for Lucrèce, above a high estimate of €800,000. Adjusted for inflation, that would come to roughly $6.6 million, almost $1 million above the new result.” Related Articles The painting depicts Gentileschi as Saint Catherine of Alexandria and is one of…

Bitcoin (BTC) failed to hold $69,000 as the weekend began amid predictions of fresh macro lows next.Key points:Bitcoin faces a lack of acceptance above $69,000, while traders see new lows to come.Analysis says that the rebound into the weekend was nothing more than a “relief rally.”Two CME futures gaps provide potential targets for BTC price upside.BTC price bottom “not in,” analysis warnsData from TradingView showed BTC price action dropping more than $4,000 versus the daily open. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewWith the old 2021 all-time high increasingly turning to resistance, already wary traders were in no mood for relief.“TLDR: The…

Coinbase’s Ethereum layer-2 network Base said recent slow or missing transactions were caused by a configuration error that has been fixed.Over the weekend, Base users experienced elevated transaction drops and delays in getting transactions included onchain. Despite the slowdown, blocks continued to be produced and the network remained operational, suggesting that the incident didn’t cause a full outage.In a Wednesday post on X, Base explained that a change to transaction propagation led the block builder to repeatedly fetch transactions that could not be executed as base fees climbed quickly. “We mitigated the issue by rolling back the change and have…

Latest developments: In an interview with CoinDesk Live from the Ondo Summit, Ondo President Ian de Bode says 2025 marked a breakout year for its core businesses.The firm is now a leading issuer in tokenized U.S. Treasuries, with more than $2 billion in total value locked, according to president Ian De Bode.Its Global Markets platform for tokenized stocks and ETFs has reached roughly $600 million in TVL, giving Ondo about 60% market share in that niche, De Bode said.Ondo also highlighted partnerships with traditional finance heavyweights including Mastercard and JPMorgan.The context: Tokenization is still early, and revenue is not yet…

Current market dynamics suggest that Bitcoin market bottom signals are becoming increasingly visible during this period of structural realignment. More precisely, several high-conviction data points suggest that the digital asset market is currently experiencing a scenario of maximum pain.While retail investors often focus on price action alone, professional analysts look deeper into the interplay between institutional behavior, whale movements, and sentiment-driven volatility.Learn more: Reasons Why Most of Cryptocurrencies Have FailedBears Finally DominateInstitutional players have fundamentally altered their stance on Bitcoin over the past several weeks.Coinbase Premium Gap: Institutions De-RiskEvidence for this shift appears most clearly in the Coinbase Premium Gap,…

Venture funding is continuing to flow into digital asset companies even as the broader crypto market struggles with heavy losses. Key Takeaways: Crypto startups raised $258M in one week despite a $2T market downturn. Funding focused on infrastructure, compliance and institutional services, led by Anchorage Digital’s $100M round. Venture firms continue betting on long-term growth in AI and blockchain innovation. Roughly $258 million was invested in crypto firms during the first week of February, according to data from DeFiLlama, underscoring that investors are still backing infrastructure and services tied to blockchain networks despite a market drawdown estimated at about $2…

Just over six months after it was announced, the Louvre has indefinitely postponed the competition launched in June 2025 to design an expansion of France’s most well-known art museum. The news was reported in Le Figaro Friday. The project, called Louvre—Nouvelle Renaissance, was announced by French President Emmanuel Macron in January of last year and aims to ease overcrowding at the museum, which welcomes some 9 million visitors a year. It was expected to be completed by 2031. The initial plan was to create a new entrance, update aging infrastructure, and—perhaps most controversially—build a new 33,000-square-foot exhibition space for the…

BlackRock’s spot Bitcoin exchange-traded fund (ETF) saw $231.6 million in inflows on Friday, following two days of heavy outflows during a turbulent week for Bitcoin.The iShares Bitcoin (BTC) Trust ETF (IBIT) saw $548.7 million in total outflows on Wednesday and Thursday as crypto market sentiment declined to record-low levels, with Bitcoin’s price briefly dropping to $60,000 on Thursday, according to Farside.Preliminary Farside data show inflows across nine US-based spot Bitcoin ETF products totaling $330.7 million, following three days of collective outflows totaling $1.25 billion. Bitcoin ETF flows reveal investor sentimentSo far in 2026, IBIT has posted just 11 trading days…

An ether ETH$2,022.06 bull was caught leaning hard into the upside this week as the cryptocurrency tanked, turning the whale bet into a multi-million dollar horror story. That bull is Trend Research, a trading firm headed by Liquid Capital founder Jack Yi. The firm spent recent months building a bullish (long) bet worth $2 billion on ether by borrowing stablecoins from DeFi giant Aave, which were reportedly collateralized by ether.The position blew up this week, leaving the firm with a $686 million loss, according to Arkham. The blow up underscores the crypto market’s unchanged reality: Volatility can still make or…