Author: Kryptonews

Investors pulled around $1.82 billion from US-based spot Bitcoin and Ether exchange-traded funds (ETFs) over the past five trading days, as market sentiment continued to weaken after the precious metals rally.Between Monday and Friday, US-based spot Bitcoin (BTC) ETFs lost $1.49 billion, while spot Ether (ETH) ETFs saw $327.10 million in net outflows, according to Farside. The outflows come as the spot price of both cryptocurrencies continued to decline, despite recent signs of a recovery. Over the past seven days, Bitcoin and Ether have fallen 6.55% and 8.99% respectively, trading at $83,400 and $2,685, according to CoinMarketCap. Bitcoin is down…

Binance is shifting its flagship user protection vehicle, the Secure Asset Fund for Users (SAFU), from stablecoin holdings into Bitcoin over the next 30 days, re‑denominating the fund’s reserves into BTC.In an open letter to the crypto community, the exchange framed the move as an expression of its conviction that Bitcoin (BTC) is the core long‑term asset of the crypto ecosystem rather than just another trading product, and said it will rebalance the fund back up to $1 billion if market volatility drives its value below $800 million. That decision effectively makes the fund more exposed to Bitcoin price swings, raising…

On Friday, the US Department of Justice publicly released over three million additional documents related to Jeffrey Epstein, the late convicted sex offender. Tucked into those files is a copy of a donation check dated April 29, 2014 for $5,000 from Enhanced Education, a long-running foundation set up by Epstein that was once portrayed as a “charitable powerhouse,” according to the New York Times. The recipient of the donation: none other than the Metropolitan Museum of Art, with the amount earmarked to the Costume Institute Benefit, otherwise known as the Met Gala. Related Articles The documents released Friday are the…

JPMorgan Chase CEO Jamie Dimon confronted Coinbase CEO Brian Armstrong at the World Economic Forum in Davos last week, accusing him of misrepresenting banks’ role in opposing parts of a major US crypto market structure bill. Key Takeaways: JPMorgan CEO Jamie Dimon confronted Coinbase’s Brian Armstrong at Davos over claims banks are undermining a US crypto bill. The clash centers on stablecoin rewards, with banks opposing yield while crypto firms argue bans favor traditional finance. The market structure bill has stalled in the Senate amid growing political and industry resistance. According to a report from The Wall Street Journal, the…

A Delaware judge has allowed a shareholder lawsuit accusing several Coinbase directors of insider trading to proceed, despite an internal investigation that cleared the executives of wrongdoing.The case, filed by a Coinbase shareholder in 2023, alleges that company directors, including CEO Brian Armstrong and board member Marc Andreessen, used confidential information to sidestep more than $1 billion in losses by selling shares around the company’s public debut in 2021. According to the complaint, insiders sold more than $2.9 billion worth of stock, with Armstrong personally offloading about $291.8 million.On Friday, Delaware Chancery Court Judge Kathaleen St. J. McCormick rejected a…

Elon Musk’s consideration of a potential merger involving SpaceX, Tesla or artificial intelligence firm xAI has put renewed attention on a lesser-discussed piece of his empire: one of the largest corporate bitcoin holdings in the world.SpaceX and Tesla together hold nearly 20,000 bitcoin, according to public disclosures, a stash worth roughly $1.7 billion at current prices. That would make the entity the world’s seventh largest BTC holder, just behind CoinDesk-owner Bullish’s 24,300 BTC.While any deal remains preliminary and could still fall apart, a combination would concentrate that exposure under a single corporate structure at a time when bitcoin prices are…

A Bitcoin (BTC) metric tracking the electricity cost to mine one coin is flashing a warning for the bulls, with a so-called “miner exodus” adding to the bearish outlook.Key takeaways:BTC could fall toward the $59,000–$74,000 miner cost zone. Big hash rate drops often precede rebounds toward Bitcoin’s energy value at $121,000.Mining data hints BTC may decline below $60,000As of January, the estimated average in electricity costs to mine a single Bitcoin is $59,450, while the net production expenditure is about $74,300, according to data from crypto-focused hedge fund Capriole Investments. BTC/USD daily chart vs. production and electrical cost. Source: Capriole…

Okay… can we talk about why gaming + sports-related coins are suddenly moving like it’s 2021 again, but in a way that actually makes more sense in 2026? And I’m not talking about tiny pumps. There are triple-digit moves in some cases. So in this video, I’m covering 4 hot gaming altcoins, why they’re pumping right now, and will they continue to pump in 2026? And stay tuned for the Chiliz part, because if the F1 thing plays out the way it could, it’s the kind of narrative that catches attention FAST. 1) Axie Infinity First, let’s start with Axie,…

Crypto market sentiment reaching a year-low could be one of the few signs of a potential rebound, according to crypto analytics platform Santiment.“This sentiment data is currently one of the few strong bullish signals available,” Santiment said in a report on Friday. “A silver lining is the extreme negativity on social media. The ratio of bearish to bullish comments is heavily skewed toward fear,” Santiment said.The Crypto Fear & Greed Index, which measures overall crypto market sentiment, posted an “Extreme Fear” score of 20 on Saturday, indicating that investors are cautious about the crypto market. On Friday, the index recorded…

Ethereum co-founder Vitalik Buterin said he has earmarked 16,384 Ether, worth about $45 million, to support privacy-preserving technologies, open hardware and secure, verifiable software systems. In a post on X, Buterin said the funds were withdrawn from his personal holdings and will be deployed over the next few years. He framed the move as part of a broader shift as the Ethereum Foundation enters what he called a period of “mild austerity,” while continuing to pursue an aggressive technical roadmap.Buterin said he is also taking on responsibilities that might otherwise have been handled as special projects of the foundation. “Specifically, we…