Author: Kryptonews

US Treasury Secretary Scott Bessent says banks and crypto may begin to offer similar products, and pledged to prevent deposit flight concerns that are stalling a key crypto bill.US Treasury Secretary Scott Bessent has told Congress that traditional and crypto banking products and services may be more intertwined in the future. Appearing before the Senate Banking Committee on Thursday, Bessent was asked by Republican Senator Cynthia Lummis whether there could come a time when conventional banks and crypto are offering the same types of products.“I think that can happen over time,” Bessent said. “We’ve actually been working with small and community…

Ethereum (ETH) is entering a new phase in which long-held assumptions about scaling are being openly questioned. As spot Ethereum ETFs post their first net inflows after several days of outflows, and on-chain data shows renewed activity on the mainnet, Ethereum co-founder Vitalik Buterin is urging the ecosystem to rethink the role of layer-2 networks. Related Reading Vitalik’s message is direct, Ethereum’s base layer is scaling fast enough that L2s are no longer essential as capacity providers, and their future value lies elsewhere. ETH’s price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Ethereum Mainnet Scaling…

Bitcoin’s plunge to nearly $60,000 on Thursday, a nearly 30% drop over 7 days, has got traders on X began floating theories that the selloff was not purely macro or risk-off, but various reasons that contributed to the asset’s worst single-day performance since FTX crashed in 2022.Flood, a prominent crypto trader, called it in an X post the most vicious selling he’s seen in years and said it felt “forced” and “indiscriminate,” floating possibilities ranging from a sovereign dumping billions to an exchange balance sheet blowup.Few theories: – Secret Sovereign dumping $10B+ (Saudi/UAE/Russia/China) – Exchange blowup, or Exchange that had…

Crypto asset manager Bitwise has become the first to file with the US regulator to launch an exchange-traded fund (ETF) dedicated to Uniswap.The fund targets exposure to Uniswap (UNI), the governance token of the leading decentralized exchange protocol. The ETF filing marks one of the pivotal moments for DeFi.“The Trust’s investment objective is to seek to provide exposure to the value of Uniswap held by the Trust, less the expenses of the Trust’s operations and other liabilities,” the Thursday filing with the US Securities and Exchange Commission (SEC) read.Uniswap is a decentralized exchange (DEX) built on Ethereum that offers token…

Large Bitcoin holders are now controlling the smallest share of the cryptocurrency’s supply since late May, when it first reclaimed $100,000 after more than three months, according to crypto sentiment platform Santiment.Santiment posted to X on Thursday that “whale and shark wallets” holding between 10 and 10,000 Bitcoin (BTC) have fallen to a nine-month low, collectively accounting for about 68.04% of the entire Bitcoin supply.“This includes a dump of -81,068 BTC in just the past 8 days alone,” Santiment said, as Bitcoin fell from around $90,000 to $65,000 over the same period, a roughly 27% decline, according to CoinMarketCap. Bitcoin…

Market anxiety often clouds financial reality, and the latest wave of Binance Collapse FUD proves no exception. Despite social media claims of a “bank run,” on-chain data reveals that Binance maintains institutional-grade resilience with a stable 659,000 BTC in reserves. While rumors suggest distress, the exchange’s liquidity metrics actually show a fortress-like stability that contrasts sharply with the frantic narratives currently saturating the digital space.Learn more: Is It Safe to Trade on Bybit? How Binance Collapse FUD EmergesBinance collapse FUD recently reached a fever pitch as social media users weaponized what happened on October 10, 2025, when the market endured a…

The investment arm of stablecoin issuer Tether has acquired a $150 million stake in the precious metals platform Gold.com to expand access to tokenized gold.Tether said on Thursday that it acquired an approximately 12% stake in the company, which will integrate Tether Gold (XAUt), its gold-backed cryptocurrency, into Gold.com’s platform. Source: TetherGold.com is a publicly listed online marketplace that sells gold and other precious metals, such as silver and platinum, to several markets, including the US.“Gold has played a central role in preserving value for centuries, particularly during periods of monetary stress and geopolitical uncertainty,” said Tether CEO Paolo Ardoino.…

Shares in crypto mining companies IREN and CleanSpark sank on Thursday as their earnings came in below Wall Street expectations and Bitcoin’s slide saw traders turn risk-off.Bitcoin (BTC) has fallen 12% over the past 24 hours to briefly touch a low of $60,000 early on Friday. Meanwhile, the crypto market capitalization fell by almost 9%, according to CoinMarketCap.CleanSpark (CLSK) led the decline, closing trading on Thursday down 19.13% and falling another 8.6% after-hours to $7.55 after its results for the quarter ended Dec. 31 came in below analyst predictions. CleanSpark’s stock price fell 19.13% over the trading day on Thursday.…

Kalshi says it’s expanding its surveillance on its prediction markets platform through an independent advisory committee and partnerships to detect insider trading and market manipulation, just days ahead of the Super Bowl.Kalshi said on Thursday that the committee would give a quarterly rundown to the company’s outside counsel and publish statistics on investigations into suspicious activity on the platform. It is also teaming up with crypto trading surveillance platform Solidus Labs and Daniel Taylor, director of the Wharton Forensic Analytics Lab, “to detect, investigate, and address market abuse.”The move comes three days before Super Bowl 60, one of the biggest sporting…

Everclear, a decentralized cross-chain clearing protocol that resolves liquidity fragmentation among different blockchains, today announced a strategic partnership with Solana, the second-largest blockchain by TVL, according to DeFillama. This collaboration enabled the integration of Everclear’s cross-chain settlement infrastructure with Solana’s blockchain ecosystem to help streamline asset migration on Solana across multiple chains. Solana is a high-speed single-layer blockchain that powers internet capital markets, payments, and DeFi applications, enabling fast, secure, and affordable transactions. Solana x Everclear going strong ⚡️Hexens recently completed a security review of Everclear’s @Solana smart contracts.Asset-to-asset settlement is live, allowing direct crosschain asset flows, for example, USDC…