Author: Kryptonews

Top cryptocurrency exchange Binance announced said Friday that it shall switch the stablecoin in its $1 billion emergency user protection fund to bitcoin over the next 30 days. The move targets the Secure asset Fund for Users (SAFU), which is a security fund created to protect users from losses due to unforeseen events such as hacks. The exchange plans to gradually convert the stablecoin holdings within 30 days, committing to regular audits. It added that if bitcoin’s price swings drop the fund’s value below $800 million, the exchange will top it back up to $1 billion.”This initiative is part of…

Bitcoin has fallen to a nine-month low of $81,000, causing billions in liquidations over the past day as escalating tensions in the Middle East and US President Donald Trump’s fresh threats of tariffs caused traders to sell off.Bitcoin (BTC) fell to a low of $81,058 on Coinbase in early trading on Friday, its lowest point since April, according to TradingView. The cryptocurrency has dropped 35% from its all-time high of $126,000 in October.CoinGlass data shows 270,000 traders were liquidated in the past 24 hours, with total liquidations hitting $1.68 billion. The majority of those liquidations, or 93%, were levered long…

Bitcoin’s price downtrend may not be as short-lived as many holders anticipate, says crypto analyst Benjamin Cowen.“Bitcoin’s likely going to keep bleeding against the stock market,” Cowen said in a video on Thursday, adding that strong expectations of a “massive rotation” from metals like gold and silver into crypto may be misplaced.The prices of gold and silver have recently surged to all-time highs of $5,608.33 and $121.64, respectively, according to Trading Economics. Citi predicts silver won’t slow downCiti predicted on Tuesday that silver could climb to $150 within the next three months, driven by Chinese demand and the US dollar hitting…

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…

Bitcoin is trading in a range most of this month. Right now, the market is in a transition phase. Momentum is building, but attention is low. That combination does not last long. So, Bitcoin is starting to move again. Not explosively. Not yet. But when Bitcoin wakes up, history shows the rest of the market listens. Altcoins do not pump first. They follow. And the timing matters. Liquidity is returning. Volatility is compressing. This is the phase most investors ignore because it feels boring. But this is where positioning happens. By the time headlines turn bullish, the easy gains are…

US President Donald Trump will reportedly nominate Bitcoin-friendly Kevin Warsh as the next chair of the Federal Reserve when he announces his pick on Friday.Trump said on Thursday that he will be announcing his pick to replace the central bank’s current chair, Jerome Powell, whose term finishes in May, on Friday morning, with Bloomberg, The Wall Street Journal, and The New York Times reporting that the president is set to announce Warsh as his nomination.Reuters had earlier reported that Trump met with Warsh, who served as a Fed governor from 2006 to 2011, on Thursday, with one person briefed on…

This week Sotheby’s Financial Services (SFS) announced that it had priced a $900 million securitization backed by loans secured against artworks and, for the first time, collectible cars, according to the company. The deal is scheduled to close on February 3 and is expected to receive top-tier credit ratings from Morningstar DBRS, Sotheby’s said. In simple terms, the transaction bundles hundreds of loans made to collectors, using artworks and luxury vehicles as collateral, and sells the right to collect those future loan payments as bonds to institutional investors. Those investors receive regular payments as borrowers repay their loans, while Sotheby’s gets cash up…

Tokenization platform Securitize said its revenues are up over 840% to September 2025 in a new filing to go public that moves ahead with its plan to merge with a blank-check company backed by Cantor Fitzgerald.Securitize Holdings said in a public registration statement filed with the US Securities and Exchange Commission on Wednesday that its total revenues for the nine months ended September 2025 reached $55.6 million, an 841% increase from the same period in 2024.Securitize reported total revenue of $18.8 million for all of 2024, a 129% increase from the $8.2 million it made in 2023. The company projected 2026…

Bitcoin’s BTC$83,014.62 price continued to pull back in late Thursday evening U.S. hours, tumbling to as low as $81,000 before bouncing to the current $82,000.The world’s largest cryptocurrency has now lost nearly $10,000 over the past 24 hours of trading. More than $777 million in crypto longs were liquidated over the past hour, with that sum rising to $1.75 billion over the past 24 hours, according to CoinGlass. The broader cryptocurrency market likewise saw prices tank by 7% to 9% over the past 24 hours, with ether ETH$2,961.90 hovering around $2,700, BNB BNB$903.61 around $843, and XRP XRP$1.8885 around $1.74.…

Unclaimed Ethereum tokens from the infamous 2016 hack on The DAO will be redirected into a new security fund aimed at strengthening the network, says Ethereum advocate Griff Green.“There’s a lot of money just sitting in random contracts that were supposed to be returned to people who were affected by the hack,” Green said in an interview on Thursday with Unchained podcast host Laura Shin, reiterating plans to launch the security fund. The DAO was a decentralized autonomous organization that an anonymous hacker exploited in June 2016 to siphon more than $50 million worth of Ether at the time.The incident led…