Author: Kryptonews

BitMine Immersion’s aggressive ether accumulation has turned sharply against it after the latest leg lower in crypto markets, leaving the company with more than $6 billion in paper losses on its ETH holdings.The publicly traded firm added over 40,000 ether last week, lifting its total balance to roughly 4.24 million ETH, according to portfolio tracking data from Dropstab.Since then, prices have fallen hard, dragging the value of BitMine’s stash to about $9.6 billion — down from nearly $14 billion at highs seen in October.Ether slid toward the $2,300 level on Saturday as selling accelerated across major tokens.The timing of BitMine’s…

A UAE-backed investment vehicle quietly agreed to buy nearly half of World Liberty Financial, a cryptocurrency startup linked to President Donald Trump, just days before he returned to the White House, according to a report by The Wall Street Journal.Aryam Investment 1, an Abu Dhabi entity backed by Sheikh Tahnoon bin Zayed Al Nahyan, signed a deal in January 2025 to purchase a 49% stake in World Liberty Financial for $500 million, the Journal said, citing documents and people familiar with the matter. Half of that amount was paid upfront, sending $187 million to Trump family-controlled entities, with additional tens…

Key NotesIG Group has received the go-ahead to acquire Australian crypto exchange Independent Reserve.Per the deal, Independent Reserve leadership will remain with the bigger firm.More crypto services are now planned for Singapore, Australia, and the UAE this year. The IG Group Independent Reserve acquisition reached a key milestone on Jan. 30 after regulatory clearance in Singapore. The London-based trading firm confirmed it has fully taken over the Australian crypto exchange. Notably, this set the stage for a wider regulated crypto offering across several major markets later this year. Independent Reserve Acquisition Gains Regulatory Backing As reported by London South East,…

Within financial sectors, guarantee is nearly impossible to locate. Most investments involve estimating where a value marker will shift next according to graphs or updates. Nevertheless, BlockDAG has generated an uncommon situation where the mathematics generates a transparent route to earnings. The venture has validated that it will debut on platforms at a value of $0.05. Simultaneously, the developers have unlocked the presale entrance for $0.0005, and it is the final hours to join.This is not a complicated forecast or an unclear commitment. It is a basic computation. The distance between the present participation cost and the validated introduction value…

Step Finance, a decentralized finance portfolio tracker on Solana, has disclosed a security breach that led to the compromise of several treasury wallets, triggering a sharp sell-off in its native token.“Earlier today several of our treasury wallets were compromised by a sophisticated actor during APAC hours. This was an attack facilitated through a well known attack vector,” the platform wrote in a post on X, adding that they have taken “remediation” steps. Onchain data reviewed by blockchain security firm CertiK shows that roughly 261,854 Solana (SOL) (worth around $27.2 million) was unstaked and transferred from Step Finance-controlled wallets. Step Finance…

For more than a decade, Bitcoin was widely considered a volatile and speculative digital asset—a far cry from the traditional safe havens that investors have turned to for wealth preservation, like gold. However, the financial landscape of 2024 paints a very different picture. Bitcoin has evolved into a compelling investment vehicle, one that may no longer just complement gold—but potentially rival or exceed it in both performance and strategic utility.During the 2017 bull market, Bitcoin skyrocketed to nearly $20,000 on the back of a retail-fueled mania led by Initial Coin Offerings (ICOs) and little regulatory oversight. It was a digital…

One trader lost more than $220 million on an ether position as a fresh wave of forced liquidations swept through crypto markets, pushing total losses over the past 24 hours to nearly $2.6 billion.The largest single liquidation occurred on decentralized derivatives exchange Hyperliquid, where an ETH-USD position worth $222.65 million was wiped out, according to CoinGlass data. The event came as ether slid as much as 17% in the past 24 hours, sharply alongside bitcoin and other major tokens during a period of thin liquidity.In total, 434,945 traders were liquidated over the past day, with long positions accounting for the…

Disgraced FTX founder Sam Bankman-Fried has ramped up his social media praise for US president Donald Trump while taking aim at former president Joe Biden, just days after Caroline Ellison, the former CEO of Alameda Research, was released from federal custody.Since Bankman-Fried’s February 2025 interview with the New York Sun and March appearance with political commentator Tucker Carlson, many see Bankman-Fried as angling for a pardon from Trump.“@realdonaldtrump is right on crypto,” Bankman-Fried said in an X post on Friday, just days after Ellison walked free after serving 440 days in prison for her role in the 2022 collapse of…

Bitcoin’s slide below $84,200 has triggered a burst of panic on social media, with analytics firm Santiment saying negative commentary has jumped to the highest level of 2026 so far. The move pushed BTC sentiment to its lowest level since Nov. 21 and flipped the mood from cautious to outright fear, a shift that tends to show up when late sellers finally give up.Santiment tracks the ratio of positive to negative commentary across social platforms and said the balance has skewed hard toward pessimism. That matters because crypto often turns on positioning and emotion as much as headlines. When the…

Key takeaways:SOL fell to 2026 lows as tech sector layoffs and artificial intelligence revenue concerns hit markets.Despite the bleak environment, Solana outpaced competitors with network fees jumping 81%, securing its vice-leadership.Solana’s native token, SOL (SOL), traded down to $100.30 on Saturday, reaching its lowest levels since April 2025. While the 18% price correction over 30 days took traders by surprise, the movement largely mirrored broader altcoin market capitalization trends. A 26% crash in silver prices on Friday further prompted cryptocurrency traders to brace for additional downside. SOL/USD (orange) vs. altcoin market capitalization (blue). Source: TradingViewSOL was able to reclaim the…