Author: Kryptonews

Ethereum Foundation adopts a five‑year “mild austerity” plan, reallocating 16,384 ETH and refocusing on core protocol, privacy, and open, verifiable systems. Summary Vitalik Buterin confirms withdrawal of 16,384 ETH to fund long‑term core Ethereum development under a leaner structure.​ The Foundation will run a five‑year “mild austerity” program to preserve independence while prioritizing scalability, security, and decentralization.​ Focus areas include secure open‑source hardware, privacy tech like zero‑knowledge systems, encrypted messaging, and local‑first operating systems.​ The Ethereum Foundation announced a multi-year austerity program designed to balance development priorities with long-term financial sustainability, according to a public statement from co-founder Vitalik Buterin.…

Bitcoin (BTC) has finally slid below a key support level at $84,000, which has held the price since mid-November 2025. Where will BTC price action head next?Key takeaways:Bitcoin dropped to a two-month low of $81,00 on Thursday, fueled by $1.6 billion in long liquidations Some analysts forecast deeper declines in a prolonged bear market targeting $50,000-$58,000.Bitcoin sentiment at record lows suggests “no upcycle”Bitcoin extended its sell-off into the late New York trading session on Thursday, dropping to two-month lows of $81,000. Support at the 2026 yearly open ($87,000), the 100-day moving averages and the $84,000-$86,000 demand zone failed to hold back sellers…

Ethereum co-founder Vitalik Buterin said the Ethereum Foundation (EF) is entering a period of “mild austerity,” as it seeks to deliver an aggressive scaling roadmap while ensuring it can sustain itself over the long term.In a post on X, Buterin said he has personally withdrawn 16,384 ETH, worth roughly $43 million at current market prices, to support a broader effort to build an open-source, secure and verifiable “full stack” of software and hardware.Ether ETH$2,725.44 was trading around $2,720 on Tuesday, down significantly from its October peak near $4,831, as crypto markets have pulled back in recent weeks.Buterin framed the initiative…

Bybit’s push to offer neobank-style services is testing how far crypto exchanges can expand into traditional finance (TradFi), highlighting regulatory hurdles and the growing reliance on licensed banking partners.Bybit CEO Ben Zhou announced the exchange’s push into retail banking on Thursday, with a planned launch of its retail banking product, “MyBank,” in February. The move would mark one of the most ambitious attempts yet by a major exchange to offer bank-like services to retail users. As crypto increasingly intersects with TradFi, industry observers and executives warned that Bybit’s neobank move could trigger major challenges as it enters largely uncharted territory…

Stablecoin issuer Circle Internet Group plans to focus on building more durable infrastructure throughout 2026 to spur greater adoption among companies and institutions.Circle chief product and technology officer Nikhil Chandhok said in a blog post on Thursday that the company is aiming to push Arc, its layer-1 blockchain designed for institutional and large-scale use, from testnet toward production.At the same time, Circle plans to focus on deepening the utility and reach of its tokens, USDC (USDC), EURC, USYC, and its partner-launched stablecoins by expanding to more chains.“That means deepening native support on high-impact networks, tightening integration with Arc, and making…

The United States Department of Justice (DOJ) finalized the forfeiture of over $400 million in cryptocurrency and other assets tied to Helix, an early Bitcoin-era darknet mixing service, according to a statement released Thursday. The assets were seized from Larry Harmon, the operator of Helix, which processed transactions between 2014 and 2017. The crypto mixer was designed to obscure the source and destination of Bitcoin (BTC) that was linked to darknet markets. The forfeiture follows a Jan. 21 order by the US District Court for the District of Columbia, formally transferring ownership of the assets to the government. The final court order…

Ethereum price slid out of its recent consolidation range near $2,800 on as renewed exchange-trade fund outflows and weak trader positioning weighed on short-term sentiment. Summary Ethereum broke below a key consolidation zone as ETF outflows returned. Derivatives data pointed to traders cutting risk rather than adding leverage. Technical signals show growing downside pressure below key resistance. Ethereum was trading at $2,739 at press time, down 8% over the past 24 hours. The second-largest cryptocurrency is now down 8% over the past week and nearly 10% over the past month, even as 24-hour trading volume jumped 81% to $42.8 billion,…

The Newark Museum of Art (NMOA) in New Jersey has named Lisa Funderburke as its next director and CEO, beginning February 1. She succeeds Linda C. Harrison, who departed seven months ago after six years in the role. Funderburke comes to NMOA, which has a collection of 300,000 objects with strong holdings in Tibetan art and an annual operating budget just shy of $19 million in 2023, from a much smaller organization, the Artist Communities Alliance. That nonprofit, based in Providence, Rhode Island, focuses on supporting artists and artist residencies both in the US and internationally. During her nearly a…

The governance backing the Optimism blockchain has approved a proposal to allocate 50% of all Superchain revenue to buy back the network’s token over the next 12 months, starting in February.The proposal was initially submitted by the Optimism Foundation on Jan. 8 as part of a push to expand the utility of the Optimism (OP) token and align it with the success of the Superchain, a network of unified blockchains. The voting period ended on Thursday, with the Optimism governance community passing the proposal by 33.27% in favor, 3.23% against, and 3.95% abstaining. Source: OptimismUp until the vote, 100% of Superchain…

US President Donald Trump is expected to nominate Kevin Warsh as the next chair of the Federal Reserve, with an official announcement anticipated Friday morning. Key Takeaways: Kevin Warsh has emerged as the clear favorite to replace Jerome Powell as Fed chair, with prediction markets pricing his odds above 90%. Markets have reacted to the prospect of a more hawkish Fed, with the dollar strengthening and Treasury yields rising. Warsh’s comparatively positive view of Bitcoin could signal a shift in tone at the Fed toward digital assets. Multiple media outlets, including Bloomberg, have reported that Warsh has emerged as Trump’s…