Author: Kryptonews

While the weekend’s U.S. storm disrupted bitcoin BTC$87,708.96 mining as higher costs hit profitability and led companies to cut computing power, or hashrate, crypto traders will be focusing on a metric known as the Hash Ribbon, an indicator built on the premise that the price of the largest cryptocurrency often reaches a low during periods of what’s known as miner capitulation.In the past, periods when miners were forced to slow down or shut off machines have preceded stronger phases for bitcoin once conditions stabilize. That’s reflected in the Hash Ribbon, an indicator the tracks the 30-day and 60-day moving averages…

XRP has moved into what analysts describe as an “Extreme Fear” zone in early 2026, following a sharp pullback from its recent highs. According to on-chain and social data, retail sentiment around XRP has turned increasingly pessimistic after a near 19% decline from its early January peak. At the same time, Zero Knowledge Proof (ZKP) is attracting massive interest through its technical architecture, particularly its programmable smart contract layer. With support for both EVM and WASM environments, ZKP stands out as a privacy-first blockchain built to handle complex applications and maintain strong confidentiality guarantees. This combination is becoming increasingly important for…

Bitcoin (BTC) traders highlighted multiple signals, predicting a “massive” price upswing. Still, onchain data shows that BTC price recovery could be delayed as market participants take a more defensive stance.Key takeaways:Bitcoin surged 600% in 2021 after a similar key bullish cross was confirmed. Onchain data points to persistent sell-side pressure, suggesting that a BTC price recovery might take time. BTC bullish cross hints at a bull run aheadAnalyst Coinvo Trading spotted the appearance of a bullish cross involving the Stochastic RSI of the United States 10-Year Treasury Yield (US10Y) and China 10-Year Government Bond Yield (CN10Y) against Bitcoin’s weekly chart.Related: Bitcoin…

Republican Senator Roger Marshall has reportedly agreed to hold back on pushing an amendment aimed at credit card swipe fees when the Senate Agriculture Committee marks up a major crypto bill next week. Marshall filed an amendment to the committee’s version of a crypto market structure bill last week that would force companies to compete on swipe fees, but later privately agreed not to add the provision, Politico reported on Monday, citing people with knowledge of the matter.The Senate Agriculture Committee was expected to mark up the bill on Thursday, but pushed the meeting to Tuesday, Feb. 3, as most of…

South Korea’s central bank chief warned that Korean won-denominated stablecoins could complicate capital flow management, adding a note of caution to an ongoing debate among lawmakers over whether and how domestic stablecoins should be issued, according to local reports.Speaking at the Asian Financial Forum in Hong Kong, Bank of Korea Governor Lee Chang-yong said authorities are considering a new registration framework that would allow domestic institutions to issue virtual assets, according to a report by Radio Television Hong Kong. He cautioned, however, that stablecoins remain controversial because of their potential impact on foreign exchange stability.Lee said won-pegged stablecoins would likely…

Is the memecoin frenzy already losing steam beneath the surface? Trading activity briefly surged to around $5.6B, but analysts quickly pointed to profit-taking and fading momentum rather than fresh conviction. When volume spikes without sustained follow-through, it often signals that traders are cashing out rather than committing. That cooling dynamic has rippled across the space, putting names like PENGU and Floki back into focus as the market reassesses which meme narratives still have fuel and which ones are running on leftovers. That pause is reshaping the search for the next 100x crypto. As overheated memecoins slow down and short-term traders…

Australia’s financial watchdog secured a court victory against financial services company BPS Financial Pty Ltd (BPS), with the Federal Court ordering the company to pay 14 million Australian dollars ($9.3 million) in penalties over the promotion and operation of its Qoin Wallet product.The ruling follows years of legal action brought by the Australian Securities and Investments Commission (ASIC), which accused BPS of running an unlicensed financial services business while making misleading claims about its crypto-linked payment product. In a Tuesday news release, the regulator said BPS promoted the Qoin Wallet as a non-cash payment facility tied to its Qoin digital…

A trustee at the Art Gallery of Ontario advised an acquisitions committee at the museum not to acquire a Nan Goldin piece because of the artist’s statements on Israel’s war in Gaza, according to a new report by the Globe and Mail. The same publication previously reported that the museum had sought the acquisition of Stendhal Syndrome, a 2024 video installation that does not address Israel, Palestine, or the conflict in Gaza. The plan was initially to purchase the work in tandem with the Vancouver Art Gallery and the Walker Art Center, which did go through the acquisition, but the…

Ethereum price failed to hold above the $3,000 mark once again, with price slipping back toward the lower end of its weekly range as U.S. demand indicators weaken. Summary Ethereum slipped below $3,000 after another failed breakout attempt, extending weekly losses. Coinbase Premium fell to its lowest level since 2023, showing weak U.S. institutional interest. Derivatives open interest rose even as volume declined, increasing downside risk near $2,800 support. ETH was trading at $2,930 at press time, up 1.9% on the day. Price is down 7% on the week and nearly 40% from the $4,946 all-time high set in August…

Decentralized betting platform Polymarket has listed contracts tied to Volmex’s bitcoin BTC$88,272.63 and ether ETH$2,926.84 volatility indices, opening the door for anyone to wager on market swings this year.The two contracts, “What will the Bitcoin Volatility Index hit in 2026?’ and “What will the Ethereum Volatility Index hit in 2026?” went live on Monday at 4:13 PM ET.These contracts pay “Yes” if any one-minute “candle” for Volmex’s 30-day implied volatility indices tied to bitcoin and ether spikes to or exceeds the preset target by Dec. 31, 23:59. Otherwise, the contracts settle “No.” A one-minute candle is a price chart showing…