A powerful winter storm spread a paralyzing mix of heavy snow, sleet and freezing rain from the Ohio Valley and mid-South to New England on Sunday, compounded by bitter, Arctic cold gripping much of the US east of the Rockies. Winter storm warnings were posted for most of the eastern third of the United States covering 118 million people, as the deep freeze strained energy supplies in some areas, and the National Weather Service predicted widespread, prolonged travel disruptions. An estimated 157 million Americans were warned to bundle up against cold ranging from sub-zero temperatures along the Canadian border to below-freezing as far south as the Gulf of Mexico. The Arctic blast was accompanied by gusty conditions that sent wind-chill conditions a measure of how cold it feels based on the rate of heat loss from the body plunging as low as minus 50 degrees Fahrenheit in the northern Plains. Deep snow, thick ice Some of the heaviest snowfall, up to one foot or more since the storm developed on Friday, was mea...
The Financial Conduct Authority has begun seeking final feedback on a set of proposals aiming to apply traditional finance standards to the UK crypto sector. The UK’s financial watchdog is entering the final stages of its consultation process for a host of key proposed crypto regulations as the agency continues to work on the government’s crypto roadmap. The Financial Conduct Authority said on Friday that it is now seeking feedback on 10 crypto regulatory proposals, marking the “final step” of its consultations on potential rules for the sector. “These proposals continue our progress towards an open, sustainable and competitive crypto market that people can trust,” the FCA said. Read more
ETHZilla acquired two aircraft engines for $12 million, just weeks after the company said it was renewing its focus on tokenizing real-world assets. The Ethereum treasury company ETHZilla has purchased two jet engines after selling off some of its crypto stash and increasing its focus on asset tokenization. ETHZilla said in a regulatory filing on Friday that it purchased two aircraft engines through a newly formed subsidiary, ETHZilla Aerospace LLC, for $12.2 million in cash. The engines, which are used in large commercial planes, came with existing lease agreements with a major airline, enabling the firm to begin earning yields from them. Read more
Bitcoin has fallen nearly 30% since a major market crash in October, while traditional safe havens like gold and silver have soared. Around 70% of institutional investors believe Bitcoin is undervalued when priced between $85,000 to $95,000, as it continues to underperform against precious metals and the stock market, Coinbase has found. Coinbase said in its Charting Crypto Q1 2026 report that its survey of 75 institutional investors and 73 independent investors was taken between early December to early January, found 71% of institutions and 60% of independent investors “feel that [Bitcoin] is undervalued.” A quarter of institutional investors said Bitcoin (BTC) was fairly valued, with its price almost entirely staying within the $85,000 to $95,000 range during the survey period, while the remaining 4% said Bitcoin was overvalued. Bitcoin is currently priced at $87,600, down over 30% from its $126,080 all-time high in October, CoinGecko data shows. Crypto prices have mostly trended sideways and downward sinc...