Crypto

Backpack founder Armani Ferrante says the company’s staff and investors won’t get an allocation at its upcoming token launch to avoid insiders “dumping on retail.” Backpack, a crypto exchange founded by former employees of FTX, says it will launch a 1-billion-supply token in the future, with its distribution schedule tied to its goal of going public in the US. Backpack posted to X on Monday that its token launch will begin with 25% of the intended supply, or 250 million tokens, to become available on a yet-to-be-disclosed launch date. Another 37.5% of the total supply, or 375 million pre-IPO tokens, will be made available “upon achievement of key milestones,” which Ferrante said would include opening in a new region or launching a new product. Read more

Fintech groups are pressing the Fed to loosen payment access for non-banks, setting up a clash with banks over risk and crypto exposure.

Bitcoin’s Fear & Greed sentiment indicator fell to its lowest ever level, leading some analysts to suggest that $60,000 was the bottom for BTC. Does historical data agree? Bitcoin (BTC) pushed back above $71,000 on Monday, after market sentiment indicators across the crypto market dropped to new lows. Some analysts believed that “extreme fear” and upside liquidity may help Bitcoin hold above its yearly-low at $60,000, but others warned that weak market conditions and bearish futures volume may push prices even lower. Key takeaways: Read more

The banking acquisition follows a trademark filing for “MrBeast Financial” in October, which specifically mentioned “cryptocurrency exchange services.” Beast Industries, the entertainment company founded by YouTuber Jimmy “MrBeast” Donaldson, is acquiring Step, a mobile banking app focused on teenagers and young adults, marking its most significant push into finance to date. In a post to X on Monday, Donaldson said the motivation behind the acquisition was to equip young people with the tools and guidance needed to navigate personal finance from an early age. Beast Industries CEO Jeff Housenbold said, "Financial health is fundamental to overall wellbeing, yet too many people lack access to the tools and knowledge they need to build financial security.” Read more

The Solana price ($SOL) has pulled off a stunning 12% rally from the bottom, but one critical signal threatens to crash the party.The bounce came fast, pushing SOL away from dangerous levels. Yet, seasoned analysts are still bearish, adding doubts to bullish Solana price predictions.There is one lurking indicator could send everything spiraling back down. […] The post Solana Price Prediction: SOL Bounces 12% Overnight – But This One Signal Could Ruin Everything appeared first on Cryptonews.

Patrick McHenry and Patrick Witt told CoinDesk Live at Ondo Summit that crypto law momentum grows, even as disputes over yield and ethics continue to sharpen.

ETH price moved above $2,150 as Bitcoin and US stock markets rallied, but does data show whether derivatives traders have turned bullish yet? Key takeaways: Ethereum maintains dominance in its total value locked metric, yet faces scrutiny over layer-2 scaling. ETH inflation rose to 0.8% as onchain activity slowed, while US macroeconomic fears kept the derivatives markets in bearish territory. Read more

Two crypto users lost $12.25 million and $50 million after copying incorrect wallet addresses.

A protracted selloff across crypto has pulled Bitcoin down to the sub-$70,000 level today, but there are signs that the industry is rearranging itself for the next explosive bull run.One of the first targets in the industry’s crosshairs is the US Clarity Act, a piece of legislation that will establish clear guidelines for US crypto […] The post Best Crypto to Buy Now February 9 – XRP, Bitcoin, Ethereum appeared first on Cryptonews.

Remember when people used to call Ripple — Ripple, not XRP? Ever since those early days, there’s been a running debate about how XRP really stacked up against Bitcoin. Now, Bill Morgan is arguing that XRP didn’t just lose the crypto popularity race naturally, it was pushed out of the spotlight on purpose.So… Was Ripple […] The post XRP Price Prediction: 13-Year-Old Article Proves XRP Was Always Better Than Bitcoin – Why Was It Hidden? appeared first on Cryptonews.

UC-Berkeley and Yale researchers found that AI tools don't reduce work; they intensify it by creating workload creep and widespread burnout.

Long-term Bitcoin holders sold 245,000 BTC as the price fell under $60,000 last week, but a fresh set of US macroeconomic cues and an uptick in BTC dip-buyers may signal that the market has bottomed. Bitcoin (BTC) is trading above $70,000 as traders attempt to stabilize price action following the sharp sell-off last Friday, which briefly pushed BTC below $60,000 and erased nearly $10,000 in a single session. Onchain data shows long-term holders (LTHs) reduced exposure at the fastest pace since December 2024, but the total supply held by long-term investors continued to rise in 2026, a divergence that may indicate traders repositioning and what may prove to be discounted Bitcoin. Key takeaways: Read more

Global trading firm Jump will score stakes in prediction market platforms Kalshi and Polymarket for its market-making services, per a report.

Polymarket is challenging Massachusetts in federal court, arguing that states lack the authority to regulate CFTC-approved prediction markets. Polymarket has filed a federal lawsuit against the state of Massachusetts, arguing that Congress granted the Commodity Futures Trading Commission (CFTC) exclusive authority over event contracts, preventing states from independently shutting down federally regulated prediction markets. Neal Kumar, Polymarket’s chief legal officer, confirmed the lawsuit on Monday, saying the dispute involves national markets and unresolved legal questions that must be addressed at the federal, not state, level. “Racing to state court to try to shut down Polymarket US and other prediction markets doesn’t change federal law — and states like MA and NV that have done so will miss an amazing opportunity to help build markets for tomorrow,” Kumar said, referring to Massachusetts and Nevada.  Read more

Questions raised after Bithumb intern sent 15X more “phantom” Bitcoin to users than it held. Plus, did a Hong Kong fund blow up? Asia Express

Questions raised after Bithumb intern sent 15X more “phantom” Bitcoin to users than it held. Plus, did a Hong Kong fund blow up? Asia Express

Questions raised after Bithumb intern sent 15X more “phantom” Bitcoin to users than it held. Plus, did a Hong Kong fund blow up? Asia Express

Cango is the latest publicly traded Bitcoin miner to embrace AI, and it's fueling that push by selling a bunch of Bitcoin.

MrBeast's Beast Industries just acquired fintech startup Step, a banking platform for teens, following a crypto trademark application.

Reform of Israel's digital asset regulations may add 70,000 jobs and $38 billion to the country's GDP, according to KPMG. The Israeli Crypto Blockchain & Web 3.0 Companies Forum last week launched a lobbying effort to push regulatory reforms that research from KPMG says may add 120 billion shekels ($38.36 billion) to the country’s economy by 2035 and create 70,000 new jobs. At a Feb. 3 event in Tel Aviv, Forum leader Nir Hirshman-Rub said there is broad public support for legislation that would relax rules on stablecoins and tokenization, along with simplifying tax compliance requirements. In the wake of the US-brokered ceasefire of the Gaza war, 2026 is seen as a “defining year” for the local digital assets industry, Hirshman-Rub said. Read more