Crypto

Metaplanet CEO Simon Gerovich is sticking with the company’s Bitcoin accumulation plan despite a brutal drawdown in both its stock and the wider crypto market. Metaplanet’s CEO Simon Gerovich doubled down on the company’s Bitcoin-first strategy as the wider crypto market suffered one of its harshest drawdowns since 2022. “[T]here is no change to Metaplanet’s strategy. We will steadily continue to accumulate Bitcoin, expand revenue and prepare for the next phase of growth,” Gerovich said Friday on X, according to a machine translation of his post. Metaplanet’s stock on the Tokyo Stock Exchange closed Friday down 5.56% at 340 yen (about $2.16). Read more

Analysts explain what took place in the crypto markets in the past 24 hours or so, and whether the worst is behind us.

XRP crashed 17% to $1.25 as $46M in leveraged positions were liquidated, marking the token's worst day since October 2025. ETF inflows remain resilient. The post XRP Plunges 17% in Steepest One-Day Drop Since 2025 as $46M in Leveraged Longs Get Wiped appeared first on Cryptonews.

Santiment says extreme fear after Bitcoin's $60K drop helped trigger a rebound, with a potential push toward $70K.

Bank says institutional de-risking continues, but resilient network activity and growing TradFi adoption could lift revenue-linked assets over time

Friday has come around again, which means another batch of expiring Bitcoin options as spot markets continue to melt down. 

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MARA Holdings has moved $86.9 million in Bitcoin in 10 hours to wallets tied to Two Prime BitGo, and a fresh address. The post Bitcoin Miner MARA Moves 1,318 BTC in 10 Hours, Traders Wary of Forced Miner Selling appeared first on Cryptonews.

Santiment says the pattern of large holders selling while retail scoops up Bitcoin is “what historically creates bear cycles.” Large Bitcoin holders are now controlling the smallest share of the cryptocurrency’s supply since late May, when it first reclaimed $100,000 after more than three months, according to crypto sentiment platform Santiment. Santiment posted to X on Thursday that “whale and shark wallets” holding between 10 and 10,000 Bitcoin (BTC) have fallen to a nine-month low, collectively accounting for about 68.04% of the entire Bitcoin supply. “This includes a dump of -81,068 BTC in just the past 8 days alone,” Santiment said, as Bitcoin fell from around $90,000 to $65,000 over the same period, a roughly 27% decline, according to CoinMarketCap. Bitcoin is trading at $64,792 at the time of publication, up from a 24-hour low of just over $60,000. Read more

Investor fear in crypto has sunk to levels last seen during the year of Terra's collapse as macro pressures intensify.

Tether and Gold.com are exploring options to allow the use of Tether’s stablecoins to purchase physical gold. The investment arm of stablecoin issuer Tether has acquired a $150 million stake in the precious metals platform Gold.com to expand access to tokenized gold. Tether said on Thursday that it acquired an approximately 12% stake in the company, which will integrate Tether Gold (XAUt), its gold-backed cryptocurrency, into Gold.com’s platform. Gold.com is a publicly listed online marketplace that sells gold and other precious metals, such as silver and platinum, to several markets, including the US. Read more

Bitcoin’s slide to $64,000 triggered a record $3.2B in realized losses, a capitulation event that outpaced past crypto market shocks. The post Bitcoin Logs $3.2B In Loss-Taking Wave, Beating Luna And FTX-Era Shock Levels appeared first on Cryptonews.

US Treasury Secretary Scott Bessent says banks and crypto may begin to offer similar products, and pledged to prevent deposit flight concerns that are stalling a key crypto bill. US Treasury Secretary Scott Bessent has told Congress that traditional and crypto banking products and services may be more intertwined in the future.  Appearing before the Senate Banking Committee on Thursday, Bessent was asked by Republican Senator Cynthia Lummis whether there could come a time when conventional banks and crypto are offering the same types of products. “I think that can happen over time,” Bessent said. “We’ve actually been working with small and community banks to discuss how they can be part of the digital asset revolution.”  Read more

Mark-to-market losses on Bitcoin holdings pushed Michael Saylor’s firm into the red as prices fell below its average acquisition cost. The post Strategy Posts $12.4B Loss as Bitcoin Falls Below Cost Basis appeared first on Cryptonews.

The Wyoming Senator said stablecoins give banks an "entirely new financial product" as the crypto market structure bill faces a delay.

Crypto mining stocks have declined across the board the value of the entire crypto market fell almost 9% on Thursday. Shares in crypto mining companies IREN and CleanSpark sank on Thursday as their earnings came in below Wall Street expectations and Bitcoin’s slide saw traders turn risk-off. Bitcoin (BTC) has fallen 12% over the past 24 hours to briefly touch a low of $60,000 early on Friday. Meanwhile, the crypto market capitalization fell by almost 9%, according to CoinMarketCap. CleanSpark (CLSK) led the decline, closing trading on Thursday down 19.13% and falling another 8.6% after-hours to $7.55 after its results for the quarter ended Dec. 31 came in below analyst predictions. Read more

Vitalik Buterin warns copy-paste Layer 2s and generic EVM chains are stalling Ethereum’s long-term scaling vision.

Bitwise Uniswap ETF fund targets exposure to UNI, the governance token of the leading decentralized exchange protocol. The post Bitwise Files S-1 With SEC to Launch Uniswap-Focused ETF, UNI Token Slumps 16% appeared first on Cryptonews.

Follow up to the hour updates on what is happening in crypto today, February 6. Market movements, crypto news, and more! The post [LIVE] Crypto News Today: Latest Updates for Feb. 06, 2026 – Bitcoin Briefly Drops to $60K as Market Rout Deepens, $2.7B Liquidated in 24 Hours appeared first on Cryptonews.

Kalshi has seen nearly $170 million in Super Bowl-related bets, and its move to boost oversight comes amid scrutiny of prediction markets by regulators and Congress. Kalshi says it’s expanding its surveillance on its prediction markets platform through an independent advisory committee and partnerships to detect insider trading and market manipulation, just days ahead of the Super Bowl. Kalshi said on Thursday that the committee would give a quarterly rundown to the company’s outside counsel and publish statistics on investigations into suspicious activity on the platform.  It is also teaming up with crypto trading surveillance platform Solidus Labs and Daniel Taylor, director of the Wharton Forensic Analytics Lab, “to detect, investigate, and address market abuse.” Read more