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Bybit’s upcoming neobank launch via Tether-backed Pave Bank highlights the regulatory hurdles and challenges that crypto exchanges face when entering traditional finance. Bybit’s push to offer neobank-style services is testing how far crypto exchanges can expand into traditional finance (TradFi), highlighting regulatory hurdles and a growing reliance on licensed banking partners. Bybit CEO Ben Zhou announced the exchange’s push into retail banking on Thursday, with a planned February launch of its retail banking product, MyBank. The move would mark one of the most ambitious attempts yet by a major exchange to offer bank-like services to retail users. As crypto increasingly intersects with TradFi, industry observers and executives warned that Bybit’s neobank move could trigger major challenges as it enters largely uncharted territory for a crypto-native company in pursuing banking services. Read more
A final court order transfers the legal title of seized cryptocurrency and assets to the US government, closing a case tied to Helix’s operations from 2014 to 2017. The United States Department of Justice (DOJ) finalized the forfeiture of over $400 million in cryptocurrency and other assets tied to Helix, an early Bitcoin-era darknet mixing service, according to a statement released Thursday. The assets were seized from Larry Harmon, the operator of Helix, which processed transactions between 2014 and 2017. The crypto mixer was designed to obscure the source and destination of Bitcoin (BTC) that was linked to darknet markets. The forfeiture follows a Jan. 21 order by the US District Court for the District of Columbia, formally transferring ownership of the assets to the government. The final court order gives the government legal title to the seized digital assets, real estate and financial assets connected to Helix’s operations. Read more
Circle has flagged scaling its payments network and institution-focused blockchain as a 2026 priority as companies look to examine how to use stablecoins. 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. Read more
Bitcoiners hoping for a big rotation from gold and silver might be chasing the wrong signal, says Benjamin Cowen. 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. Read more
Kevin Warsh, seen as a more hawkish Federal Reserve chair pick, previously said Bitcoin could serve as a check on fiscal policy decisions. US President Donald Trump is expected to 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 the discussion saying Warsh impressed the president. Read more
Bitcoin margin longs at Bitfinex exchange reached a two-year high prior to stocks and crypto selling off sharply. Should traders expect a rally or the correction to continue? Key takeaways: Bitfinex Bitcoin margin longs hit two-year highs, but arbitrage suggests this isn't a purely bullish price indicator. Bitcoin price drops as tech stock valuations and gold gains drive investors toward cautious, risk-averse behavior. Read more
The product offers exchange-traded exposure to JitoSOL with staking rewards embedded, as liquid staking ETFs remain under review in the United States. 21Shares has launched a Jito-staked Solana exchange-traded product in Europe, offering listed exposure to the SOL token with staking embedded. The 21Shares Jito Staked SOL ETP will trade under the ticker JSOL in US dollars and euros and is listed on Euronext Amsterdam and Paris, making it the first Europe-listed ETP backed by JitoSOL, according to the company. The product holds JitoSOL directly and reflects staking rewards in its net asset value. Issued by the Jito Network, JitoSOL represents SOL (SOL) deposited into a liquid staking program on the Solana network, where staked tokens remain transferable rather than locked. Holding JitoSOL allows investors to earn staking yield through a liquid token, without directly delegating to validators or managing onchain staking operations. Read more
A potential listing would further legitimize digital asset custody as core market infrastructure rather than a niche service following BitGo's public launch. Digital asset custodian Copper is reportedly weighing an initial public offering (IPO) shortly after rival BitGo debuted on the New York Stock Exchange, underscoring growing institutional appetite for cryptocurrency infrastructure companies. Citing sources close to the discussions, CoinDesk reported Thursday that Copper is exploring its public listing options, with Deutsche Bank, Goldman Sachs and Citigroup among the banks involved. A Copper spokesperson said the company is not currently planning a public listing, but declined to comment on whether the custodian is in early-stage talks about going public. Read more
The raise underscores venture investors’ selective return to infrastructure-heavy crypto bets as DePIN struggles to move beyond early token launches. Crypto-focused venture capital firm Escape Velocity has raised nearly $62 million to invest in decentralized physical infrastructure network (DePIN) projects, signaling continued venture interest in the sector despite a broader slowdown in crypto and technology funding. As first reported by Fortune on Thursday, the raise marks Escape Velocity’s second fund dedicated to backing founders across DePIN and other crypto-native sectors. The fund closed in December and drew support from investors including Marc Andreessen, co-founder of Andreessen Horowitz, and Micky Malka, founder of Ribbit Capital. Cendana Capital, a venture fund-of-funds that invests in early-stage managers, allocated $15 million to the vehicle. Read more
The Series B extension values the New York–based crypto infrastructure company at about $1.5 billion and includes backing from institutional investors. Digital asset infrastructure provider Talos raised a $45 million extension to its Series B funding round, valuing the company at about $1.5 billion. The extension included new strategic investors such as Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, alongside returning investors a16z crypto, BNY and Fidelity Investments, according to the company. "We extended our Series B round to accommodate interest from strategic partners,” said Talos CEO Anton Katz. Talos said proceeds will be used to expand product development across its trading, portfolio management, execution, treasury and settlement tools and to support tokenized traditional assets on its platform. Read more
Futures market liquidations, a sharp sell-off in US stocks and limited progress on talks to fund the US government are taking a toll on Bitcoin price Thursday. Is $80,000 the next stop for BTC? Bitcoin’s (BTC) strong start to the year has been fully erased, with its price slipping to a new yearly low below $84,000. Analysts viewed this move as part of a broader corrective phase rather than a structural market breakdown, driven by aggressive futures deleveraging rather than sustained selling in spot markets. Key takeaways: BTC fell to $83,400 and trades in the lower limit of the 10-week consolidation range that has capped its price since Q4. Read more
The chairs of the CFTC and SEC appeared together at a joint agency event Thursday to discuss a unified approach to crypto regulation. Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), announced that the agency would join the efforts of the Securities and Exchange Commission’s Project Crypto. In remarks prepared for an SEC-CFTC discussion on harmonizing the agencies’ approach to digital assets, Selig said that the CFTC would partner with the SEC on its Project Crypto, an initiative launched in July to establish clarity on regulations for digital assets. According to the CFTC chair, the joint collaboration aims to “advance a clear crypto asset taxonomy, clarify jurisdictional lines, remove duplicative compliance requirements, and reduce regulatory fragmentation.” Read more
Bitcoin suddenly dropped nearly 6% to see its lowest levels in two months as gold and silver endured a snap retracement from all-time highs. Bitcoin (BTC) fell to two-month lows Thursday as crypto joined stocks and precious metals in a snap sell-off. Key points: Bitcoin dives below $85,000 as macro assets suddenly tumble from record highs. Read more
SEC Chair Paul Atkins and CFTC Chair Mike Selig spoke on CNBC on Thursday as debate continues over stablecoin yield in the CLARITY Act. US Securities and Exchange Commission Chair Paul Atkins and Commodity Futures Trading Commission Chair Mike Selig appeared on CNBC’s Squawk Box on Thursday to discuss the crypto market structure bill and a White House–hosted meeting scheduled for Monday. The bill was recently held up in the Senate, where it is undergoing committee review after being passed in the House of Representatives, with lawmakers working through unresolved issues on the Agriculture and Banking Committees. One of the central sticking points in the legislation is how stablecoin yield should be treated, an issue that has divided traditional banks and crypto companies. Coinbase recently withdrew support for the bill, citing concerns over several provisions, including those related to yield. Read more
Lawmakers begin debating amendments to a sweeping digital asset market structure proposal as Congress looks to clarify oversight of crypto markets. US lawmakers began a key markup session Thursday morning on a long-awaited crypto market structure bill, marking a pivotal step in Congress’ effort to establish clearer rules for digital asset markets. The bill has been months in the making and follows sustained pressure from the crypto industry and some lawmakers to move beyond enforcement-led regulation. Lawmakers voted on three amendments to the market structure bill, all of which failed along party lines. Read more
DePIN’s “death” narrative hides a market that’s quietly compounding revenues, as Messari’s new report pegs the sector at $10 billion with growing real‑world usage and cash flow. Decentralized physical infrastructure networks (DePINs) have been written off as dead by many investors, but a new “State of DePIN 2025” report from Messari and Escape Velocity argues the sector has steadily grown into a $10 billion market generating $72 million in onchain revenue last year alone. According to the report, the “class of 2018-2022” DePIN tokens are down a massive 94%-99% from all‑time highs. Yet, leading projects now post verifiable recurring revenue and trade at 10 to 25 times revenue multiples, levels Messari characterizes as undervalued relative to growth. Messari said the shift marks a transition from subsidy-driven growth toward networks that generate revenue through real-world usage, particularly in areas such as bandwidth, compute, energy and sensor data. Read more
The platform enables enterprises to use programmable stablecoins for payments and treasury while outsourcing custody, compliance and settlement. Financial technology company Dakota launched a stablecoin infrastructure platform as more enterprises look to adopt digital dollars without taking on the operational and regulatory burden of custody and compliance. Dakota will handle custody, compliance and settlement on behalf of its clients. CEO Ryan Bozarth told Cointelegraph that the company operates in the US as a registered Money Services Business, while working with licensed banking and regulated payments partners in other regions. It is also pursuing Electronic Money Institution and Crypto-Asset Service Provider licenses in Europe. This arrangement, according to Bozarth, enables Dakota to offer cross-border money movement without customers becoming regulated financial institutions themselves. Read more
The parliamentary inquiry comes as regulators warn that stablecoins could drain bank deposits and reshape payments. The House of Lords Financial Services Regulation Committee has opened an inquiry into proposed stablecoin rules in the United Kingdom, seeking public input on plans put forward by the Bank of England (BoE) and the Financial Conduct Authority (FCA). The inquiry will examine how stablecoins could affect traditional financial services such as banking and payments, as well as the opportunities and risks created by their growing use in the UK, the committee said in a Thursday statement. Lawmakers said the review will assess whether the regulatory frameworks proposed by the BoE and the FCA provide “measured and proportionate responses” to developments in the stablecoin market, according to Baroness Noakes, chair of the committee. Read more
Bitcoin order-book analysis said that BTC price action was being held back by just one trading entity, while risking a trip to "Bearadise." Bitcoin (BTC) lingered beneath $88,000 into Thursday’s Wall Street open as attention switched to order-book manipulation. Key points: Bitcoin is facing fresh attempts to manipulate short-term price action, says analysis. Read more7217 items