Author: Kryptonews

Bitcoin Hits ‘Fire-Sale’ Levels Amid Panic OutflowsBitcoin has plunged below the psychological threshold of $75,000, sending ripples of fear and uncertainty across both retail and institutional investor communities. What some interpret as the beginning of a bear cycle, others are viewing as a rare opportunity. In its latest report, Bitwise has dubbed this sharp downturn a point of fundamental disconnect between price and value—a moment savvy investors might label as “fire-sale” territory. While the charts bleed red, contrarian analysts are urging a closer look at the data suggesting that panic may be masking opportunity.Capital Flows: Capitulation or Opportunity?One of the…

A leveraged Ethereum position built by Jack Yi’s Trend Research continues to unwind under pressure.The position, assembled through Aave’s lending protocol and reported to have reached roughly $958 million in borrowed stablecoins at its peak, has been shrinking through repeated defensive sales as Ethereum’s price declines.On Feb. 4, Trend deposited another 10,000 ETH (approximately $21.2 million) to Binance to sell and repay loans, according to on-chain tracking profile Lookonchain.The position now holds 488,172 ETH, valued at roughly $1.05 billion at current prices.The deleveraging began in early February, when Trend sold 33,589 ETH (roughly $79 million) and used $77.5 million in…

When thieves broke into Paris’s Louvre on October 19 last year, they ran off with an estimated $102 million in jewels. In their scramble to escape, however, they left behind what may have been top of their loot list: the crown of Empress Eugénie. Dropped and badly damaged during the heist, the diamond- and emerald-encrusted crown is now slated for a painstaking restoration before it returns to public view in the museum’s Galerie d’Apollon. Judicial police initially seized the crown as evidence, transferring it to the Louvre’s department of decorative arts the next day. Olivier Gabet, the department’s director, and…

Institutional trading and lending desk Secure Digital Markets (SDM) said it sent a $1 million payment to cryptocurrency exchange Kraken over the Lightning Network on Jan. 28.SDM claimed in a Thursday statement shared with Cointelegraph that it is the largest publicly reported Lightning transaction to date and a proof‑of‑concept for seven‑figure transfers between regulated counterparties.The payment cleared in 0.43 seconds and was routed via Voltage’s managed Lightning infrastructure, which provides node management, pre‑provisioned liquidity, and uptime guarantees aimed at exchanges and trading desks. The previously publicized “record” single payment milestone was about 1.24 Bitcoin (BTC), roughly $140,000 at the time, highlighting…

By Omkar Godbole (All times ET unless indicated otherwise)With bitcoin’s BTC$69,270.10 bear market raging and the price dropping to the lowest since November 2024, its core pitch, a hard cap of 21 million supply, faces fresh skepticism.Some observers say that alternative investment vehicles like ETFs, cash-settled futures and options and other services like prime-broker lending have diluted that scarcity appeal. These tools let investors access bitcoin without owning the real thing, creating a “synthetic supply” that floods the market.”Once you can synthetically manufacture the supply, the asset is no longer scarce, and once scarcity is gone, price becomes a derivatives…

Ethereum co-founder Vitalik Buterin sold about 2,961 Ether worth $6.6 million over a three-day period, after previously announcing plans to withdraw some of his holdings.Blockchain tracker Lookonchain said in a Thursday X post that the transactions were executed at an average price of about $2,228 per Ether (ETH). Ethereum’s native cryptocurrency traded at around $2,130 at the time of writing, down by more than 5% over the past day, according to CoinMarketCap.Arkham Intelligence data shows that the ETH sales were routed through CoW Protocol, with multiple small swaps rather than a single block trade. Such transactions are commonly used to…

Ethereum co-founder Vitalik Buterin sold about 2,961 Ether worth $6.6 million over a three-day period, after previously announcing plans to withdraw some of his holdings.Blockchain tracker Lookonchain said in a Thursday X post that the transactions were executed at an average price of about $2,228 per Ether (ETH). Ethereum’s native cryptocurrency traded at around $2,130 at the time of writing, down by more than 5% over the past day, according to CoinMarketCap.Arkham Intelligence data shows that the ETH sales were routed through CoW Protocol, with multiple small swaps rather than a single block trade. Such transactions are commonly used to…

South Korean regulators are stepping up oversight of the domestic cryptocurrency market, signaling a faster, more coordinated approach to detecting suspicious trading activity amid renewed volatility. The heightened scrutiny was highlighted after South Korea’s Financial Supervisory Service (FSS) said it was reviewing sharp price movements in the ZKsync token listed on Upbit, following extreme volatility concentrated around a system maintenance window, according to The Korea Economic Daily (Hankyung).The FSS said it was analyzing data and could escalate the review into a formal investigation, depending on the findings. FSS officials and legal experts cited by Hankyung described the case as indicative of how…

Ethereum co-founder Vitalik Buterin has pushed back against what he described as a lack of originality in the current layer-2 and blockchain scaling landscape. Summary Vitalik Buterin criticized the growing trend of launching similar EVM-based layer-2 chains, arguing that copy-paste designs have slowed meaningful innovation in Ethereum’s scaling ecosystem. He said Ethereum’s base layer is already scaling and will provide significant blockspace, reducing the need for additional generic layer-1 networks or loosely connected EVM chains. Buterin urged developers to build systems that offer genuinely new capabilities and to align their branding with how closely their projects are actually connected to…

Bitcoin exchange-traded funds (ETFs) extended losses on Wednesday amid BTC price approaching the $70,000 mark, adding to mounting pressure across digital asset markets.According to data from SoSoValue, spot Bitcoin (BTC) ETFs recorded $545 million in outflows on the day, pushing weekly flows into the negative with $255 million in net outflows.Year-to-date, the funds have attracted $3.5 billion in inflows but seen $5.4 billion in redemptions, leaving them net negative by $1.8 billion. Total assets under management stand at $93.5 billion. Spot Bitcoin ETF flows since Jan. 26, 2026. Source: SoSoValueThe bearish ETF sentiment mirrors broader market weakness, with total cryptocurrency…