Crypto Breaking

Polymarket has sealed a multi-year agreement with Major League Soccer (MLS) to serve as the league’s exclusive prediction market partner for MLS and the Leagues Cup, the league’s marquee midseason competition. The collaboration aims to blend live data, statistics, and sentiment analytics into fan experiences, delivering second-screen engagement that goes beyond traditional viewing. The deal represents a significant step in the ongoing effort to merge sports entertainment with data-driven betting features, signaling a broader push to turn match moments into interactive, real-time narratives for fans.

Key takeaways

MLS and the Leagues Cup designate Polymarket as their exclusive prediction market partner for a multi-year period, integrating the platform into flagship league events.

The partnership focuses on new fan experiences, including second-screen engagement that weaves data, statistics, and sentiment into live matches and season-long storylines.

Safeguards are planned to protect match integrity, with independent monitoring of trading activities to prevent manipulation or misconduct.

The deal comes as soccer in the United States continues to gain momentum ahead of the 2026 FIFA World Cup set to be hosted across North America and Mexico.

Within the broader prediction-market ecosystem, the sector has seen rising volumes and regulatory activity, with notable developments around platforms such as Kalshi and Bitnomial in recent weeks.

Sentiment: Neutral

Market context: The MLS-Polymarket collaboration sits at the crossroads of live sports, data analytics, and regulated prediction markets. As soccer’s American footprint expands with events like the Leagues Cup and a forthcoming World Cup on the horizon, leagues are exploring data-rich fan experiences that can coexist with regulatory oversight and safeguards around betting markets.

Why it matters

The MLS-Polymarket deal underscores a broader trend in professional sports: the integration of prediction markets as a tool for fan engagement, sponsorship activation, and data-driven storytelling. By positioning Polymarket as the exclusive partner for MLS and Leagues Cup, the league is signaling that live events can be augmented with real-time sentiment and probability-based narratives without sacrificing the integrity of competition. For Polymarket, the partnership expands its footprint beyond apolitical markets and into a slate of high-profile league properties, aligning the platform with one of the sport’s most widely watched ecosystems in the United States.

From a consumer standpoint, the arrangement promises more interactive experiences during matches. Fans could see second-screen features that translate in-game events—such as goals, penalties, or pivotal moments—into probability shifts, consensus sentiment, and data-driven insights. The idea is to offer a more immersive way to track season-long arcs, player form, and tactical shifts, potentially turning matchdays into dynamic, narrative-driven experiences rather than discrete, isolated events.

Regulators, meanwhile, continue to weigh the expansion of prediction markets in the United States. The CFTC has signaled a willingness to enable certain market structures, as evidenced by recent no-action letters to select platforms. At the same time, several states have pursued litigation or regulatory actions related to sports-event contracts, highlighting the ongoing tension between innovation and licensing regimes. The MLS-Polymarket partnership is therefore not only a business development but also a test case for how leagues and operators can collaborate under a framework designed to preserve fairness and reduce risk.

Industry observers have noted that this moment is part of a wave of mainstream sports partnerships with data- and betting-related platforms. Earlier reporting has highlighted a broader surge in partnerships and distribution deals, with prediction-market operators exploring placements in content, search results, and other fan-facing channels. The combination of a front-office endorsement from a major league and a trusted platform in the prediction-space may help normalize these tools for a broader audience, while still requiring robust controls to ensure compliance and integrity.

Beyond soccer, the landscape for prediction markets has seen notable activity around platform volumes and regulatory signals. For example, Kalshi recently posted a record weekly volume, underscoring persistent interest in event-based contracts, even as states challenge or restrict certain kinds of wagering. Meanwhile, Bitnomial has received a no-action letter from the CFTC, indicating an avenue for crypto-derivative exchanges to operate event contracts under certain conditions. These developments, viewed in aggregate, illustrate both the opportunity and the risk embedded in expanding prediction markets within major sporting ecosystems.

The deal also coincides with a period when MLS and the Leagues Cup are leveraging data-driven approaches to deepen fan participation. As the World Cup in North America and Mexico approaches, leagues are keen to showcase how technology and data can enhance viewer engagement without compromising the integrity of the competition. The collaboration with Polymarket is a concrete example of how sports properties are experimenting with new formats that blend entertainment, statistics, and real-time probabilities into the fan experience.

What to watch next

How MLS and Leagues Cup implement second-screen features during matches and tournament play, including the types of data dashboards and sentiment analytics that will be visible to fans.

The evolution of Polymarket’s participation in MLS assets—whether the platform expands to additional MLS events, teams, or ancillary content beyond the Leagues Cup.

Regulatory developments around prediction markets in key U.S. states, and how independent monitoring will be structured to safeguard competition integrity.

The trajectory of World Cup-related fan engagement initiatives as 2026 approaches and more leagues explore data-driven experiences tied to global tournaments.

Sources & verification

MLS press release announcing the multi-year partnership with Polymarket: https://www.mlssoccer.com/news/mls-enters-multi-year-partnership-with-polymarket

Cointelegraph coverage of Polymarket’s ecosystem and partners, including Chainlink integrations and prediction-market dynamics: https://cointelegraph.com/news/polymarket-chainlink-partner-prediction-market-resolution-accuracy

Token Terminal data on Kalshi’s weekly volume performance: https://tokenterminal.com/explorer/projects/kalshi?interval=365d

CFTC no-action letter to Bitnomial enabling event contracts: https://cointelegraph.com/news/cftc-issues-no-action-letter-to-bitnomial-clearing-way-for-event-contracts

What the deal signals for the market

The MLS-Polymarket agreement adds a high-visibility case study to a growing roster of sports-business collaborations aimed at monetizing data and fan participation. For MLS, the arrangement could translate into new sponsorship opportunities, richer broadcast experiences, and the ability to capture audience sentiment metrics across leagues—assets that can be packaged for advertisers and partners. For Polymarket, aligning with a premier American sport property offers a path to broaden use cases, integrate with official content, and demonstrate use cases for predictive insights within live sports contexts.

From a market perspective, the tension between innovation and regulation remains central. While no-action letters and court actions illustrate a path for some platforms to operate, states have challenged certain sports-event contracts as unlicensed gambling. The balance between expanding consumer choice and maintaining consumer protections will continue to shape how these partnerships evolve, including the role of independent monitoring and governance to preserve integrity around prediction markets tied to major league events.

Looking ahead, investors, fans, and builders will watch how the collaboration translates into tangible fan experiences, measurable engagement, and broader adoption across sports leagues. If the model proves compelling—combining real-time data, sentiment, and interactive content with a trusted betting-context—it could catalyze further cross-sport collaborations and contribute to a more data-rich, interactive ecosystem around live sports.

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This article was originally published as Polymarket Teams Up With Major US Soccer League on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

A $2.24 billion drop in total stablecoin market capitalization over the last 10 days could signal capital is leaving the crypto ecosystem and may delay market recovery, according to a crypto analytics platform. In a post to X on Monday, Santiment said that much of that capital has rotated into traditional safe havens like gold and silver, pushing them to new highs, while Bitcoin (CRYPTO: BTC), the broader crypto market and stablecoins have retraced. Investors are watching whether the slow drain in stablecoins foreshadows a broader risk-off cycle or merely a temporary pause before a refreshed crypto bid.

“A falling stablecoin market cap shows that many investors are cashing out to fiat instead of preparing to buy dips,” Santiment observed, underscoring a shift in market psychology where safety assets gain ground even as digital-asset markets wobble. The emphasis on safety mirrors a broader macro dynamic: as uncertainty rises, money often flows into stores of value rather than into more volatile markets. That sentiment is echoed by several on-chain and macro indicators, suggesting investors are prioritizing liquidity and capital preservation in the near term.

“When uncertainty rises, money often flows into assets that are seen as stores of value during economic stress, rather than volatile markets like crypto.”

Gold, silver outpacing Bitcoin in recent months

Bitcoin first surged through 2025, but October marked a turning point. A dramatic unwind of leveraged positions around Oct. 10 sent Bitcoin from roughly $121,500 to under $103,000 in a single session, a move that underscored how quickly liquidity can evaporate during stress. Since then, the doctrine of risk-off remained intact as prices cooled. Meanwhile, gold and silver have extended a rally that some observers describe as a hedge against dollar weakness and ongoing macro friction. Gold has risen more than 20% in the period and breached notable psychological levels, signaling that traditional safe-haven assets are drawing renewed attention from investors evaluating macro risk. Silver has more than doubled in market value on some measures, reinforcing the case that precious metals are benefiting from a flight to quality in a climate of uncertainty.

Among crypto-related liquidity moves, stablecoins drew particular scrutiny. Tether, one of the dominant issuers in the space, has aligned with a broader push into gold-backed instruments. In a striking development, Tether Gold accounts for more than half of the entire gold-backed stablecoin market, with XAUt reportedly surpassing $4 billion in value as of late 2025. That dynamic reflects a broader appetite for collateral-backed tokens and a potential structural shift in how crypto liquidity is being anchored in real-world assets.

By contrast, the crypto ecosystem’s on-chain leverage landscape remains fragile. The same market environment that contributed to the October liquidity shock at the start of the fourth quarter has also shaped a tougher backdrop for smaller, riskier coins. A number of altcoins have felt the full force of reduced stablecoin supply and risk-off capital, while Bitcoin’s relative resilience—compared with some smaller peers—has tended to be fragile in the face of tightening liquidity and higher volatility in correlated markets.

Several Cointelegraph reports threaded into the discussion, highlighting how gold’s digital rally mirrors rising stress on the U.S. dollar and how macro reactions to stress unfold across markets. The broader narrative connects crypto volatility with macro-market dynamics, including shifts in demand for safe havens and the interplay between traditional assets and digital liquidity.

Rising stablecoin supply could signal market rebound

Santiment suggested that the crypto market’s recovery may hinge on stablecoin growth. Historically, robust crypto recoveries tend to align with stabilizing or expanding stablecoin market caps, signaling fresh capital entering the ecosystem and renewed investor confidence. The implication is that without a revival in stablecoin supply, upside remains constrained even as some segments of the market stabilize.

“Historically, strong crypto recoveries tend to start when stablecoin market caps stop falling and begin to rise again. That would signal fresh capital entering the ecosystem and renewed confidence from investors.”

As a result, the near-term trajectory for Bitcoin and the broader sector remains contingent on both macro flows and on-chain signals. A number of market participants are watching whether the recent shifts represent a temporary reallocation or a longer-term risk-off regime that could persist into 2026. For now, the data points to a cautious stance among many traders who are prioritizing liquidity and capital preservation over chasing leveraged bets in a market environment still marked by volatility and regulatory watchfulness.

In the meantime, the Crypto market’s risk profile continues to evolve. While Bitcoin has shown episodes of strength within the year, the combination of a weakening stablecoin base and a flight toward gold and other real-world assets suggests a more nuanced recovery path—one that may require a period of consolidation before a fresh wave of demand returns to macro-risk assets and selective altcoins alike.

Why it matters

The intersection of stablecoin dynamics and traditional safe havens matters because stablecoins act as the primary liquidity layer for crypto markets. When their market cap contracts, trading volumes can dry up, bid-ask spreads widen, and price discovery becomes more brittle. The current signal—that investors are reallocating to fiat and precious metals—could translate into slower correlations-driven rebounds in the near term, even as some segments of the market begin to show signs of bottoming.

From an investor standpoint, the shift underscores the importance of liquidity planning, risk management, and the role of real-world asset collateral in crypto tooling. If the stablecoin base begins to re-accumulate, it could unlock fresh cycles of buying demand, especially for more established assets like Bitcoin that often behave comparatively better in distress. For builders and traders, the message is to maintain vigilance around on-chain risk metrics, funding rates, and cross-asset flows that may herald the next leg of activity.

Regulators and market infrastructure players are also watching the liquidity backdrop closely. As stablecoins increasingly anchor more complex products and wallets, a renewal in stablecoin supply could enable more dynamic trading strategies and product innovations that rely on smoother liquidity flows. Yet that potential is contingent on macro conditions, on-chain risk controls, and the ability of institutions to access reliable, compliant rails for settlement and risk management.

What to watch next

Stablecoin market caps stop contracting and begin to rise, signaling renewed on-chain liquidity.

Bitcoin price stabilizes above key support levels while hedging assets continue to attract risk-off capital.

Gold and silver maintain their rally trajectory, with the dollar’s strength remaining a variable in the trend.

Tether Gold and other gold-backed tokens publish updated flows or new collateral arrangements that could shift demand within the stablecoin ecosystem.

Sources & verification

Santiment’s X post detailing a $2.24 billion drop in stablecoin market cap over 10 days (tweet status 2015845556103381416).

Cointelegraph reporting on gold’s rally and dollar stress, including references to gold breaking key levels and the broader macro backdrop.

Tether Gold’s reported share of the gold-backed stablecoin market, including the figure of 27 metric tons and a value near $4.4 billion in Q4 2025.

Historical reference to Bitcoin’s price action around the Oct. 10 period and subsequent retracements as discussed in related market coverage.

Market reaction and key details

Market participants are digesting the latest signals as the crypto ecosystem navigates a delicate balance between liquidity, risk appetite, and real-world asset collateral. The ongoing dialogue around stablecoins—core to on-chain liquidity—takes on added significance as investors weigh whether a revived stablecoin base could unlock fresh demand across digital assets. Investors should monitor whether the narrative shifts from flight to safety toward renewed risk-taking as macro conditions evolve, including central-bank policy signals and regulatory developments that could influence stablecoin flows and crypto leverage.

In sum, the near-term trajectory remains tethered to how quickly stablecoin supply recovers and how gold’s and silver’s strength interacts with crypto price action. While Bitcoin remains a focal point, the broader market’s fate could hinge on whether liquidity returns through stablecoins or remains anchored in real-world assets, effectively shaping the next phase of the crypto cycle.

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This article was originally published as Stablecoins Fall as BTC, Crypto Lose Capital to Gold on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin market dynamics are unfolding against a backdrop of heightened macro uncertainty, with seasoned traders deploying risk controls even as traditional assets rally. The week ahead features a busy slate of earnings for global tech giants and a closely watched monetary policy decision from the U.S. Federal Reserve. While gold climbs to fresh record highs, Bitcoin appears to be ceding ground to safety plays, signaling a nuanced balance between digital-asset caution and macro-driven risk sentiment.

Key takeaways

Professional traders are prioritizing downside protection, signaling a cautious risk-off stance rather than a durable tilt toward fresh bullish bets.

Gold hit record highs, underscoring a shift toward traditional safe havens as concerns about the U.S. economic backdrop intensify.

Bitcoin (CRYPTO: BTC) fluctuated, rising about 1.5% after a retest of the $86,000 level as markets await the potential impact of a U.S. government shutdown and key policy decisions.

The annualized BTC futures premium stood at roughly 5%—a level that signals investors are not adequately pricing in longer settlement horizons, hinting at a neutral-to-bearish backdrop.

Derivatives signals, including a 30-day options delta skew around 12%, point to a preference for downside protection, with put options trading at a premium relative to calls.

Tickers mentioned: $BTC

Sentiment: Bearish

Price impact: Positive. Bitcoin rose about 1.5% after testing the $86,000 level, even as risk-off conditions persisted.

Market context: The broader crypto backdrop remains tethered to macro catalysts, including liquidity conditions, inflation expectations, and policy signals. As equities flirt with mixed leadership—S&P 500 trading higher on some sessions while gold erupts to new highs—the path for Bitcoin hinges on whether risk appetite returns or if investors gravitate toward havens amid growing uncertainty.

Why it matters

For investors navigating a bifurcated market, the divergence between gold and BTC underscores a crucial reality: macro drivers still dominate asset allocation, even for risk-on assets like cryptocurrency. Gold’s ascent to all-time price levels signals persistent demand for alternative stores of value as concerns rise about the durability of the U.S. expansion and the trajectory of inflation. In turn, Bitcoin’s bid remains fragile, with traders showing reluctance to chase gains in the absence of clear upper-tier conviction from professional players.

The data from derivatives markets offer a concrete lens into those dynamics. A 5% annualized futures premium for BTC suggests that longer settlement cycles are not being aggressively priced as a bullish signal. Historically, a figure above 10% would accompany stronger bullish momentum; sub-10% levels often align with a more cautious stance. The current reading aligns with a neutral-to-bearish mood, reflecting a market waiting for a clearer catalyst to tilt sentiment decisively.

On the options front, a delta skew of about 12% on 30-day BTC options implies that put protection carries a premium, demonstrating a robust demand for downside risk hedging. Such a posture tends to be consistent with market participants guarding against sharp pullbacks rather than seeking leveraged upside. This is particularly relevant as traders weigh the potential impact of a stalled policy environment, while global equities show mixed strength and inflation fears persist in multiple economies.

Bitcoin 30-day options delta skew (put-call) at Deribit. Source: laevitas.ch

The macro narrative remains pivotal. The U.S. dollar’s strength has softened at times but has not collapsed, and the dollar-gold dynamic continues to reflect a broader sense of competing priorities: safety versus growth, inflation expectations, and the risk of policy missteps. The Dollar Strength Index slipped below 97 for the first time in four months, signaling a shift away from a fortress-style dollar bid while investors rotated into other currencies and safe-haven assets.

In this environment, the narrative around the Fed and fiscal policy looms large. As markets anticipate a potential U.S. federal government standoff, traders price in the risk that policy signals may tilt more toward flexibility rather than austerity. At the same time, the bond market has seen yields evolve under a complex matrix of expectations. Five-year U.S. Treasury yields have surpassed their European and Japanese counterparts, currently hovering around 3.8%, which adds another layer of considerations for risk assets and hedging strategies. The coming weeks will be telling as the Fed’s policy stance and possible fiscal policy accommodations interact with global monetary shifts.

Beyond macro, earnings season adds another layer of complexity. If major tech companies post upside surprises, some investors might rethink their risk allocations; if not, the case for conservatism and hedging could strengthen. In either scenario, Bitcoin’s trajectory will likely depend on whether traders regain confidence and whether liquidity conditions improve to support risk-taking. While the case for a quick return to the $93,000 level remains, the market appears more inclined to consolidate, with upside contingent on a clear reacceleration in institutional interest rather than speculative buying alone.

As policy uncertainty looms, the market narrative continues to hinge on a delicate balance between digital-asset risk and traditional safe-haven demand. The immediate path for Bitcoin seems to be tethered to broader risk sentiment rather than a standalone catalysts-driven rally. In short, a recovery in risk appetite, aided by clearer macro signals and stronger earnings momentum, could encourage a re-testing of higher levels. Until then, the kind of caution reflected in hedging activity—evident in futures and options markets—will likely color price action in the near term.

What to watch next

The Federal Reserve’s monetary policy decision on Wednesday and any accompanying guidance on inflation and balance sheet dynamics.

Upcoming earnings reports from major tech companies, which could influence risk appetite across equities and crypto markets.

The potential timing and impact of a U.S. government shutdown, with implications for liquidity and macro risk sentiment if unresolved by Saturday.

BTC price action around the key levels referenced in recent sessions, including the $86,000 support and the $93,000 resistance zone.

Sources & verification

Bitcoin price context and retest of the $86,000 level (BTC price reference via Cointelegraph’s Bitcoin price page).

Gold reaches all-time highs as a backdrop to risk-off behavior (article linking to gold divergence narrative).

US fiscal standoff and Polymarket odds affecting macro risk perception.

Rescue of the yen and related macro risk signals.

US Dollar Strength Index (DXY) and gold/USD dynamics via TradingView visuals.

BTC futures basis and delta skew data sourced from Laevitas charts.

Market dynamics in a risk-off phase amid macro catalysts

In a market where traditional hedges are commanding renewed attention, Bitcoin remains under pressure as traders price in uncertainty around fiscal policy, global liquidity, and the timing of central-bank normalization. The first major thread driving observations is the persistent footprint of risk-off behavior: even as Bitcoin tries to catch a bid, the broader momentum is tempered by hedging needs and caution about the durability of any upside surge.

From a price-action standpoint, Bitcoin’s brief advance after the weekend retest of the $86,000 barrier signals a test of resilience rather than a breakout. The level is notable because it marks a psychological pivot in the recent price range, and a sustained move above it would require a significant shift in institutional participation. The counterpoint remains robust hedging activity, reflected in the 5% futures premium and the elevated put-call skew. Together, these signals illustrate a market that is wary of a near-term correction, even as some participants continue to seek tactically weighted exposure to the asset class.

The gold rally offers a complementary perspective: capital appears to be migrating toward hard assets as a hedge against inflation and potential policy shifts. The divergence between gold’s ascent and Bitcoin’s comparatively tepid price action underscores the current preference for tangible stores of value over digital risk assets in periods of macro ambiguity. The dynamics are not simply about one asset outperforming another; they reflect a broader risk-off posture that could persist until a clearer macro script emerges from policy-makers and corporate earnings disclosures.

On the data side, the indicators invite a cautious interpretation. The delta skew near 12% on BTC options demonstrates demand for downside protection, while a 5% futures basis signals that the market is not pricing in a rapid reacceleration in prices. This combination implies that, for now, professional traders are more focused on risk mitigation than on capitalizing on a durable upside, even as the S&P 500 experiences pockets of strength and the dollar flexes in response to evolving expectations for inflation and policy stance. The market’s sensitivity to macro news remains high, and a decisive change in sentiment will likely hinge on a combination of stronger-than-expected earnings, a clear policy signal from the Fed, and a resolution to the fiscal policy impasse.

In summary, Bitcoin’s current trajectory is part of a larger mosaic in which safe-haven demand, macro uncertainty, and institutional risk management dominate near-term pricing dynamics. The critical question for observers and participants is whether the coming rounds of data and policy guidance can restore confidence among traders who have grown cautious about chasing gains in an environment where macro risks continue to predominate. For now, the market appears to be testing patience, awaiting a catalyst capable of shifting the balance from hedging and caution toward a sustainable move higher.

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This article was originally published as Bitcoin Traders Pause as US Shutdown, Fed Policy Shift Sparks Fear on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitmine Immersion Technologies is accelerating its exposure to Ethereum (CRYPTO: ETH) by converting a growing share of its Ether holdings into on-chain stake. In the latest disclosures, the company reported a weekly addition of 40,302 ETH, lifting its total ETH holdings to roughly 4,243,338 ETH, and increasing its staked ETH balance by 171,264 ETH to 2,009,267 ETH. Based on a 2.81% Composite Ethereum Staking Rate (CESR) cited by the firm, that stake could generate about $164 million in annualized revenue at the current ETH price. The numbers underscore a broader push among large treasuries to monetize idle crypto assets through staking within the Ethereum ecosystem.

Key takeaways

Bitmine’s Ether treasury stands at approximately 4.24 million ETH after adding 40,302 ETH in the last week, with 2.01 million ETH staked, highlighting a substantial on-chain yield engine for the company.

The staking tranche, using CESR as a baseline, implies around $164 million in annualized revenue at prevailing prices, illustrating the scale of potential returns from a sizeable stake.

Management notes that if all Ether were staked, annual revenue could approach $374 million, or more than $1 million per day, under the same benchmark assumptions.

Bitmine plans to launch a US-based validator infrastructure in 2026 to internalize staking operations, signaling a shift from externally managed to in-house validation.

Beyond Ether, Bitmine’s balance sheet includes $682 million in cash and 193 Bitcoin, contributing to a total crypto and cash position of about $12.8 billion.

Tickers mentioned: $ETH, $BTC

Market context: The move to expand staking aligns with a broader industry pattern where large Ether treasuries seek steady yield streams from on-chain activities. As demand for staking remains robust, more treasury holders are weighing internalization of validator operations against outsourcing arrangements, a trend reinforced by public disclosures from major players in the sector.

Why it matters

The growing focus on Ethereum staking by corporate treasuries reflects a maturation of crypto balance sheets. For Bitmine, the ability to convert a larger portion of its Ether holdings into validated on-chain activity with predictable rewards could materially alter its revenue profile and financial visibility. The firm’s stated plan to internalize staking operations through a US-based validator infrastructure in 2026 is a notable strategic shift that could reduce external counterparty risk, improve governance control, and capture additional staking economics over time.

From a market perspective, the trend underscores a broader shift in crypto asset management: treasuries are treating digital assets as cash-flow generators rather than mere speculative holdings. The simultaneous growth in ETH exposure and the diversification into cash and BTC positions suggest a holistic approach to liquidity management and risk allocation that mirrors conventional corporate treasury practices, albeit in a highly volatile asset class.

The ETH holdings remain a central piece of Bitmine’s portfolio. The company disclosed that its Ether position now accounts for about 3.52% of circulating supply—based on an estimate of roughly 120.7 million ETH outstanding—and reiterated a long-term aim to reach or exceed a 5% stake in the total ETH supply. The consolidation of such a large stake amplifies the potential influence Bitmine could wield across ecosystem dynamics, including validator participation, network security, and governance signals, though such influence comes with heightened regulatory and operational considerations.

In addition to Ether, Bitmine reported a diversified crypto and cash trove totaling $12.8 billion, anchored by $682 million in cash and a notable holding of 193 Bitcoin (CRYPTO: BTC). The inclusion of BTC alongside a robust ETH stake illustrates a broad, multi-asset treasury strategy that seeks to balance yield-generating deployments with liquidity and hedging considerations in a volatile market environment.

Source: SharpLink

Staking, the act of locking tokens to support network security in exchange for rewards, has become a central strategy for Ether-focused treasuries. The trend is underscored by industry data showing rising validator queue demand and increasing participation by large holders in active staking programs. As the infrastructure for staking matures, the economics of treasury-driven staking are likely to attract continued scrutiny from investors and regulators alike.

Top 10 Ether treasury companies. Source: CoinGecko

Other prominent players have echoed similar strategies. For instance, SharpLink Gaming disclosed that it generated 10,657 ETH in staking rewards over the past seven months, reflecting about $33 million in yield according to its dashboard data. That figure places SharpLink among the larger Ether treasuries, reinforcing the argument that staking is becoming a mainstream revenue driver for well-capitalized crypto companies. The company currently sits behind Bitmine as one of the larger Ether treasuries, underscoring the ongoing race to scale on-chain revenue.

As Ethereum’s validator ecosystem tightens and more capital seeks yield, the appetite for staking among treasuries is likely to remain a meaningful driver of on-chain activity and liquidity. While the CESR provides a useful yardstick for estimating earnings, the actual realized revenue will hinge on ETH price movements, validator performance, and the pace of network upgrades that affect staking efficiency and rewards. In that light, Bitmine’s 2026 internalization plan could serve as a blueprint for other large holders aiming to optimize staking economics while maintaining robust risk controls and governance oversight.

What to watch next

Progress of Bitmine’s US-based validator infrastructure development and any interim partnerships or pilot deployments ahead of the 2026 launch.

Updates to the CESR benchmark accuracy and how market price changes influence reported staking revenue.

Any shifts in Bitmine’s ETH share toward the 5% target, and how that impacts liquidity and risk management.

Regulatory developments affecting staking, treasury management, and corporate disclosures for large crypto holders.

Sources & verification

Official Bitmine press release via PR Newswire announcing ETH holdings reach 4.243 million and total crypto/cash holdings of about $12.8 billion.

SharpLink Gaming dashboard data showing 10,657 ETH earned in staking rewards over seven months and the company’s ETH treasury size.

CoinGecko treasury data documenting top Ether treasury companies and the 3.52% circulating supply share referenced for Bitmine.

Cointelegraph coverage of Ethereum’s validator exit queue dynamics and related staking demand data.

Announcement from Ether Machine regarding plans for a yield-focused Ether vehicle for institutional investors and its ETH holdings.]

Bitmine ramps up Ethereum staking as revenue engine

Bitmine Immersion Technologies is accelerating its exposure to Ethereum (CRYPTO: ETH) by converting a growing share of its Ether holdings into on-chain stake. In the latest disclosures, the company reported a weekly addition of 40,302 ETH, lifting its total ETH holdings to roughly 4,243,338 ETH, and increasing its staked ETH balance by 171,264 ETH to 2,009,267 ETH. Based on a 2.81% CESR cited by the firm, that stake could generate about $164 million in annualized revenue at the current ETH price. The numbers reflect a broader push among large treasuries to monetize idle crypto assets through staking within the Ethereum ecosystem.

The company’s chairman highlighted that if all Ether were staked, annual revenue could approach $374 million under the same benchmark, translating to more than $1 million per day. This projection underscores the earnings potential of scaled staking operations, even as actual returns depend on price levels and validator performance. Bitmine’s strategy centers on expanding staking capacity and gradually internalizing operations to capture greater staking economics and governance control.

The plan to launch a US-based validator infrastructure in 2026 signals a shift from reliance on external staking partners toward in-house execution. By bringing validator ops in-house, Bitmine aims to optimize uptime, security, and compliance while potentially improving margins through direct access to staking rewards and related incentives. The company has stated it is working with multiple staking providers during the transition period, maintaining a diversified approach as it contemplates full internalization.

Alongside its ETH holdings, Bitmine reports a broader balance sheet comprising $682 million in cash, 193 Bitcoin (CRYPTO: BTC), and minority equity investments, amounting to a total crypto and cash position of $12.8 billion. The ETH stake itself represents about 3.52% of the token’s circulating supply, based on an estimated 120.7 million ETH outstanding. The company’s longer-term ambition is to reach roughly a 5% share of the total ETH supply, a target that would equate to a substantial uptick in staking revenue and on-chain participation should market conditions remain favorable.

Staking has emerged as a core strategy for Ether treasuries, with companies like SharpLink Gaming illustrating the scale at which such yields are becoming material to corporate finance plays. The visible demand in Ethereum’s validator queue, along with the growing size of treasury-driven staking programs, underscores a broader trend toward productive use of crypto reserves. As Bitmine and peers pursue further expansion, the landscape for Ether staking is likely to attract continued investor attention and scrutiny from regulators seeking to understand how treasury-driven staking impacts market dynamics and governance.

This article was originally published as Bitmine Adds 40,302 ETH as Staking Balance Surges to $5.7B on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

The market for tokenized gold is expanding in step with rising demand for physical bullion, highlighting a broader shift toward traditional safe-haven assets as geopolitical tensions and trade uncertainty push investors away from the US dollar. On Monday, Tether disclosed that its Tether Gold, XAUt, now represents more than half of the entire gold-backed stablecoin market, with a total value topping $2.2 billion. End-of-year data show 520,089 XAUt tokens in circulation, each backed one-for-one by physical gold held in reserve. The development underscores a growing appetite for crypto-native wrappers that offer liquidity while anchoring themselves to tangible assets.

Key takeaways

XAUt dominates the gold-backed stablecoin space, making up more than 50% of the market and surpassing $2.2 billion in aggregate value, with 520,089 tokens circulating at the end of Q4.

Gold’s rally intensified as Comex reached new price levels, with the precious metal eclipsing $5,000 per troy ounce for the first time in a rally that year, underscoring demand for bullion as a hedge against currency risk.

Central banks stepped up bullion purchases in 2025, adding a net 220 tonnes in Q3, a sign of diversification away from dollar-denominated reserves toward stores of value outside the traditional financial system.

The US Dollar Index has been in a downtrend, shedding about 9.4% in 2025 and sliding to fresh lows in early 2026, a backdrop that supports safe-haven assets, including tokenized gold wrappers.

Bitcoin (BTC) has yet to supplant gold as a hedge against debasement; analysts suggest gold remains the preferred safe haven for long-term investors, even as crypto narratives around digital gold grow.

Tickers mentioned: $BTC, $XAUt

Market context: The confluence of dollar weakness, rising bullion demand and the expansion of tokenized assets is shaping liquidity flows and risk sentiment across crypto markets, with investors weighing non-dollar stores of value as macro uncertainty persists.

Why it matters

The rapid expansion of tokenized gold underscores a pragmatic use case for crypto-native assets: liquidity and transferability combined with a tangible reserve. XAUt’s outsized position within the gold-backed stablecoin market signals increasing investor trust in custodied physical gold as the backing asset for digital tokens. This is particularly salient as investors seek to diversify away from the dollar while maintaining on-chain exposure that can be more easily traded across borders and custodial environments than vault-held bullion alone.

From a macro vantage point, the dollar’s weakness has been a persistent theme. The US Dollar Index (DXY) has faced a multi-year dismantling in some cycles, with central banks worldwide continuing to accumulate gold as a hedge against currency risk. World Gold Council data show a robust third-quarter surge in central-bank purchases, a 220-tonne net acquirement, illustrating how reserve managers are balancing safety with yield in an uncertain environment. That shift dovetails with the tokenized-gold narrative: as physical gold flows into official reserves, retail and institutional participants are turning to digital wrappers to gain efficient exposure to bullion without the frictions of custody and cross-border logistics.

Bitcoin’s role in this environment remains a debated matter. While proponents have long argued that BTC can serve as a digital hedge against debasement, its actual flow under real-world risk conditions has been uneven. An industry analysis contends that Bitcoin has fallen short of delivering on its promise as a debasement hedge, leaving gold as the more reliable long-run store of value for many investors. The diverging paths of BTC and XAUt reveal a nuanced landscape where digital and physical hedges coexist, each appealing to different risk appetites and governance preferences.

The US Dollar Index falls below 97.00. Source: Bloomberg

The dollar story is intertwined with gold momentum. After a year in which the DXY slid more than 9% and extended losses into the new year, several analysts suggest that the breakdown of a long-term support trend line may be followed by a period of broader devaluation against other fiat currencies. In this frame, tokenized gold products like XAUt offer a way to monetize bullion exposure with on-chain settlement, while still anchoring value in a widely recognized physical asset. The narrative is not purely about crypto; it is about diversifying reserve exposure in a global economy where currency stability has become fragile in the eyes of many institutions.

Source: Otavio Costa

In terms of investor behavior, the question remains whether the market will see continued inflows into tokenized gold vehicles as central banks’ appetite for bullion remains elevated. If the dollar continues to weaken and safe-haven demand persists, tokenized gold could gain additional traction as a bridge between traditional assets and on-chain liquidity. Yet the broader crypto market must still contend with the volatility that has characterized digital assets in recent cycles, as well as evolving regulatory narratives that could influence how tokenized commodities are treated from a compliance and taxation standpoint.

As the debate over debasement and inflation persists, market participants will be watching how the XAUt vessel evolves—whether it maintains its dominant market share, expands its reserve backing, or faces new competition from other tokenized gold issuances. The underlying dynamics are not just about a single stablecoin or a single asset class; they reflect a broader search for resilient stores of value in an increasingly interconnected and sometimes unsettled financial landscape.

What to watch next

Updates on XAUt token circulation and the gold reserves backing it, particularly any quarterly disclosures from Tether.

Central-bank gold demand trends in late-2025 and early-2026, and whether the 220-tonne third-quarter figure is part of a sustained shift.

Changes in gold prices and the Comex market floor, including any sustained breaches of key resistance levels for bullion traders.

Regulatory developments regarding stablecoins and tokenized commodities, including potential ETF-related dynamics that could influence investor flows.

Sources & verification

Tether’s disclosure on XAUt issuance and backing (gold reserve one-for-one per token) and the claim that XAUt accounts for over half of the gold-backed stablecoin market.

World Gold Council data showing net central-bank gold purchases, including 220 tonnes in Q3 2025.

Bloomberg reporting on the US Dollar Index movements and current level trends.

CoinMarketCap page for Tether Gold (XAUt) market capitalization and token count.

Beleggers Belangen analysis on Bitcoin’s role as a debasement hedge compared to gold.

Tokenized gold gains traction as bullion demand rises and the dollar weakens

The surge in tokenized gold signals a pragmatic intersection of traditional assets and digital infrastructure. As investors seek safe-haven assets amid geopolitical and trade uncertainties, tokenized wrappers like XAUt provide a familiar risk profile with the added advantages of programmable liquidity and cross-border settlement. The fact that XAUt now represents more than half of the gold-backed stablecoin market—backed by a physical bullion reserve—adds a layer of credibility to tokenized commodities as an investable subset of the crypto market. This dynamic is occurring amid a broader trend: bullion demand among official sector holders is climbing, while the dollar’s strength weakens, prompting a shift in reserve composition that could favor non-dollar hedges over the medium term.

Bitcoin (BTC) has been a focal point in crypto debates about hedging and store of value. While proponents argue that digital scarcity and decentralization offer an alternative to traditional deployments, the asset’s real-world flow has yet to demonstrate a consistent, broad-based shift away from gold as a hedge. An evaluation by Karel Mercx of Beleggers Belangen concluded that BTC has fallen short of delivering a robust debasement hedge, reinforcing the ongoing preference for gold among long-term investors. The juxtaposition of BTC with XAUt reflects the evolving toolbox investors use to navigate macro risk, with tokenized commodities occupying a middle ground between physical assets and on-chain liquidity.

As policy makers, institutions and households alike reassess the role of money, the intersection of dollar weakness and bullion diversification appears to be a persistent theme. The dollar’s slide, the expansion of bullion reserves, and the growth of tokenized assets are not isolated phenomena; they are interconnected pieces of a broader repositioning in global financial markets. For traders and savers, this environment encourages careful evaluation of risk-on versus risk-off exposures, liquidity needs, and the potential for regulatory clarity to shape the trajectory of tokenized commodities like XAUt in the months ahead.

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This article was originally published as Gold’s Digital Rally Signals Dollar Pressure as Tokenized Gold Surges on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

XRP (XRP) remains in the spotlight as traders weigh the odds of a continued rally versus a protracted period of consolidation. Historical market cycles suggest that double-digit moves tend to follow extended accumulation phases, and current price action hints at a quiet buildup rather than a rapid breakout. The asset has held a tight range around $1.80–$2.00 since December 2024, a pattern that has preceded meaningful rebounds in past cycles. If the pattern repeats, XRP could spend more time grinding within a similar band before the next major move unfolds, potentially reshaping expectations for the broader altcoin market.

Key takeaways:

XRP macro setup targets $10, but an extended consolidation is likely before any major lift.

Strong support around $1.80–$2 since Dec 2024 has historically produced 35%-90% rebounds.

Onchain data suggest XRP is at levels that have previously preceded sideways price action.

If the pattern repeats from prior cycles, a longer accumulation could set the stage for a substantial breakout.

Some analysts see a path to multifold gains in later phases, with projections mentioning targets like $11 and even higher in successive waves.

Tickers mentioned: $XRP

Sentiment: Bullish

Price impact: Positive. The structure implies potential upside if the support holds and a breakout above recent resistance is achieved.

Trading idea (Not Financial Advice): Hold. Given the extended accumulation narrative, wait for a clear breakout above the $2.22 level or a sustained move beyond the current consolidation range before increasing exposure.

Market context: The XRP setup unfolds amid a broader crypto landscape characterized by uneven liquidity and evolving expectations around regulatory clarity and institutional participation, factors that shape altcoin cycles and the pace of demand for cross-border settlements and tokenized assets.

Why it matters

For investors who have weathered the pullbacks and consolidations of the past few years, the potential for a sustained move higher in XRP would recalibrate the risk-reward dynamics for altcoins more broadly. A shift from range-bound trading toward a new bull leg could unlock liquidity for related tokenized products and spur renewed interest in XRP-enabled use cases, including payments, remittances, and programmable finance. Yet the path remains conditioned on the delicate interplay between on-chain signals, futures market activity, and macro sentiment—factors that can extend consolidation as much as they can ignite a breakout.

From a technical perspective, the bullish thesis hinges on a pattern that has appeared in prior cycles: a robust defense of a key support zone, followed by a multi-quarter phase of accumulation that ultimately culminates in a powerful price surge. The current zone near $1.80–$2.00 has repeatedly served as a springboard for subsequent gains in the past, suggesting that bulls could gain momentum once the zone is decisively reclaimed. However, the timing of any breakout is highly contingent on the alignment of macro liquidity, trader positioning, and the speed at which new demand enters the market.

The story is not simply about a single price target. Some voices in the community have sketched a longer roadmap, noting that if the macro pattern repeats, the next impulse could carry XRP beyond the $10 mark, with even more ambitious projections in the outer waves. While such scenarios cannot be guaranteed, they reflect the evolving narrative of a token that has traded within historic price ranges and continues to attract interest from traders who study cycle dynamics and on-chain health metrics.

What to watch next

New price action around the $2 level: a sustained move above $2.22 could reaffirm bullish momentum.

On-chain signals: monitor the NUPL indicator’s position in relation to capitulation zones and the MVRV ratio’s movement away from historically low readings toward rekindled profits.

Pattern replication: watch for similarities to 2022/2017 cycle behaviors, particularly the duration of accumulation before a breakout.

Futures market dynamics: latent buying pressure in the futures market could precede a physical move in spot markets.

Fundamental catalysts: any favorable regulatory developments or partnership announcements tied to XRP use cases could act as accelerants.

Sources & verification

Price stability within the $1.78–$2.00 band since December 2024, as depicted in price action charts.

On-chain indicators such as NUPL (Net Unrealized Profit/Loss) signaling capitulation zones in prior cycle bottoms.

MVRV (Market Value to Realized Value) ratio levels hovering around 1.23, with historical peaks much higher in 2017 and 2021.

Historical references to the pattern of accumulation followed by extended consolidation before major moves, including past cycles where XRP moved from sub-$1 to multi-dollar regimes.

Related analyses and charts cited in the original discussion, including commentary from Mikybull Crypto and CryptoBull, as well as the referenced blockchain-tracking resources.

Long accumulation ahead: XRP’s path to a potential breakout

XRP (CRYPTO: XRP) has been trading within a measured range for months, a configuration that market observers describe as a prolonged period of accumulation rather than a leg-up in one impulsive move. After a phase of softness, buyers have repeatedly stepped in near the $1.80–$2.00 zone since late 2024, and this pattern mirrors the setups that preceded notable rallies in prior cycles. The reluctance to break decisively higher underscores the importance of patient positioning—trend-followers will want to see sustained demand, a steady reduction in selling pressure, and clear on-chain confirmations before taking on larger exposures.

On the price chart, the narrative centers on two critical regions. The first is the low-to-mid $2s, which traders will watch for a breakout that confirms a renewed uptrend. The second is the broader accumulation corridor around $2, which has historically functioned as a launchpad for the next phase of price discovery. In the current frame, analysts note that the pattern could allow XRP to drift higher toward multi-dollar levels if the cyclical dynamics align with macro liquidity and risk appetite. A number of voices have pointed to a potential upside into the low double digits, contingent on a sequencing of demand that harmonizes technical breakouts with fundamental drivers.

Source: Mikybull Crypto

Analysts also emphasize that the price pattern observed during the current cycle bears similarities to the run-ups seen in 2022 and 2017, where a protracted period of consolidation preceded a strong uptrend. The notion that time, rather than volatility, dictates the pace of the ascent resonates with the sentiment of veteran observers who stress the importance of longer accumulation before higher prices are unlocked. In this context, the forecast of a potential ascent toward $11 in the next impulse and a further leg to levels like $70 in subsequent waves reflects a plausible, though highly contingent, path for XRP as liquidity returns and buyers regain confidence.

XRP is ‘undervalued’ at $1.90, but for how long?

On-chain perspectives reinforce the case for patience. The net unrealized profit/loss (NUPL) indicator has shown movements into what some analysts describe as the capitulation zone—an area historically associated with the bottoming phase of a price cycle. The interpretation is not a guaranteed bottom, but it does align with cycles where extended consolidation preceded a substantial revaluation. The market value to realized value (MVRV) ratio further supports the case for a period of subdued profit-taking, with the current reading around 1.23 significantly below peak levels from 2017 and 2021. Such readings often accompany a slow burn of price action before a decisive breakout, underscoring the need for a measured approach rather than a speculative sprint.

In the broader context, the story is not simply about a single price target. The article’s earlier analyses highlighted a connect-the-dots narrative: hold the line near $1.80–$2.00 and reassert above $2.22 to keep the bullish thesis intact, buoyed by latent demand in futures markets and a history of strong rebounds after repeated retests of the key support. The visuals and data sets referenced—ranging from Glassnode’s NUPL and MRVR charts to price-action overlays—paint a coherent picture of a market that could extend its consolidation before the next major leg higher once the conditions align.

As the market weighs these signals, traders keep a close eye on the cadence of each subsequent move. The possibility remains that XRP could spend more time near the $2 mark before a decisive breakout, a scenario that would align with the longer accumulation narrative observed in past cycles. That said, the combination of technical confluence around the support zone, on-chain confirmation signals, and evolving market dynamics keeps the door open for a substantial structural shift higher should demand regain momentum.

XRP: Net Unrealized Profit/Loss. Source: Glassnode

The current configuration also echoes the broader observation that price appreciation in XRP has historically been fed by a cycle of accumulation followed by a re-rating of risk, with on-chain metrics cycling through phases that reflect holder behavior and market sentiment. In practical terms, that means traders should anticipate a period of gradual upward drift rather than a sharp sprint higher, at least until new liquidity enters the picture and the market resumes a more aggressive pricing cadence.

XRP: MRVR extreme variation pricing bands. Source: Glassnode

In conclusion, the XRP narrative remains anchored in the idea that the next phase of a potential rally will be driven by a deliberate, longer accumulation period, a pattern that has historically preceded meaningful upside. The data and charts cited in this coverage emphasize that the market is watching for a clear signal—a sustained move above the key thresholds, supported by on-chain health and a favorable risk environment. Whether that signal arrives soon or after a more extended lull, XRP’s trajectory is intrinsically linked to the balance between demand and capital preservation across the broader crypto ecosystem. As ever, investors should remain cognizant of the risks that accompany any asset in an evolving regulatory and macro landscape.

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This article was originally published as XRP Price Could Consolidate Longer Before Liftoff to $10 on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

When hackers drained over $1.5 billion from the hot wallets of a major Dubai-based crypto exchange, it sent shockwaves through the UAE’s fast-growing Web3 ecosystem.

Even the largest and most established trading platforms can be compromised. The incident served as a stark reminder of one simple truth: crypto stored online is never fully safe.

This is exactly where OneKey comes in.

As one of the world’s leading open-source hardware wallets, OneKey offers users in the UAE a secure, transparent way to protect their crypto and take full control of their digital assets.

Unlike exchange-based or online wallets, OneKey stores private keys completely offline, shielding users from hacks, exchange failures, and common scams.

Why Self-Custody Matters More Than Ever

The UAE ranks among the top countries globally for crypto adoption. As innovation accelerates, security awareness is becoming just as critical.

More users are trading, investing, and exploring DeFi, yet many still keep their assets in internet-connected wallets. While convenient, these wallets remain vulnerable to phishing attacks, malware, and platform breaches.

A single mistake can result in total loss.

This is why self-custody is gaining momentum. It gives users full ownership of their assets, without relying on third parties. OneKey is helping make this shift simple and accessible, even for users without technical backgrounds.

What Makes OneKey Different

OneKey stands out in the crowded wallet market due to its commitment to transparency and security.

Its entire ecosystem is fully open-source, including firmware, software, and even hardware schematics. This allows anyone to independently review and verify the technology.

This approach has earned OneKey the backing of YZi Labs (Binance) and Coinbase Ventures, while the company itself remains fully independent and unaffiliated with any exchange. Its mission is clear: empower users to truly own their crypto.

Ease of use is another key advantage. Setting up a OneKey wallet takes just minutes, and the companion app is intuitive for beginners while remaining powerful for advanced users.

Key features include:

Fully open-source architecture for maximum transparency

Air-gapped security, with no Wi-Fi, Bluetooth, or USB data connections; transactions are signed offline via QR codes

Multi-chain support for over 1,000 coins and networks, including Bitcoin, Ethereum, Solana, and major Layer-2s like Arbitrum and Base

DeFi-ready ecosystem, allowing safe interaction with decentralized applications without exposing private keys

Available Now in the UAE

UAE users can purchase genuine OneKey hardware wallets through Terraputer.com, the official local distributor offering authentic products, fast delivery, and regional customer support.

To celebrate the launch, readers of Crypto Breaking News can enjoy 10% off any OneKey wallet by using the promo code CBN10 via the following link:
https://terraputer.com/onekey/

As the UAE continues to position itself as a global crypto hub, secure self-custody solutions like OneKey are becoming essential, not only for active traders but for anyone serious about protecting their digital wealth.

In crypto, real ownership starts with one principle: if you control your keys, you control your assets.

This article was originally published as Best Crypto Wallet in the UAE: How OneKey Protects Your Digital Assets on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

From video calls to exchanging memes: Kaspersky reveals how digitalization is influencing family life in the UAE

January 26, 2026

Kaspersky’s latest research in the UAE shows that mostly all people currently interact with their family members digitally: 90% of participants communicate with family via messaging apps, 72% have regular video calls, and 48% have even established joint streaming service accounts. While digitalization offers unprecedented convenience and flexibility in family communication, Kaspersky experts warn that this increased online connectivity demands a heightened awareness of digital safety practices and the protection of devices.

Communication in the digital sphere has become an integral part of everyday life. Thanks to video calls and instant messaging, we can maintain connections with our loved ones, no matter where we are. Digitalization has reshaped not only how we communicate, but also how we spend our free time together. Kaspersky has conducted a survey* to reveal the common patterns of modern family life in the digital age and discover the cybersecurity challenges that lurk beneath our screen interactions.

Cyber safety during family communication

According to the survey, regular messaging via WhatsApp, Telegram, Signal, Viber and other messenger apps were top of users’ choices when communicating with their families. People in the 35-54 age group were the most likely to engage this way, with 89% of respondents choosing this option. Video calls were a much less popular option among respondents as a way of keeping in touch with relatives, with only 58% choosing this digital solution.

Another popular way of staying connected online for many families in the UAE is exchanging posts and memes on social media and messengers (64%). The 18-34 age group leads this trend with an 58% participation rate, showcasing how humor and shared cultural references are becoming essential family bonding mechanisms.

The older generation (above 55 years old) is in general less digitally engaged than other ages, though the share of those who chat with their families in messengers is on par with the average (85%). 42% of this age group even exchange memes and posts via social media. Despite the fact that older people are more active in the digital sphere, they may still not be ready to face cyber threats and scams. Users should therefore educate their older relatives on how to stay safe online and use gadgets securely.

Even for advanced users, communication online carries potential cyber security risks. From phishing attempts disguised as legitimate messages to sophisticated social engineering attacks, the digital battlefield operates within our most personal communication channels. To ensure the complex protection for your messengers it’s highly recommended to enable two-factor authentication where possible, use unique, complex passwords for each account, remain skeptical of unexpected links or attachments, use a reliable security solution with anti-phishing protection for messengers and follow security tips from Kaspersky experts.

Family accounts – convenience or risk?

The survey in the UAE shows that in their free time 70% of families choose to watch movies together, with 48% having family streaming accounts. Online games are quite popular as a family pastime, with only 44% of general respondents opting for them.

While sharing streaming subscriptions and gaming accounts may seem like a cost-effective solution, it opens the door to a host of digital vulnerabilities that can compromise your family’s security and privacy, especially when an account is used by different family members under the same login and password. Such accounts create a perfect storm for security breaches. If one family member’s device is compromised, hackers gain access to the entire account. Additionally, password reuse across multiple platforms means that a single breach could expose your financial information, email accounts, and other sensitive data. To manage all passwords securely, it’s highly recommended to use a password manager for all family members.

“As our family life moves more and more online, it opens up amazing ways to stay close and create memories – but it also brings new risks, like scams and hacking. Kids and older relatives can be especially at risk, so looking out for each other online is really important. Protecting your digital privacy and using cybersecurity measures is an important way to care for your loved ones and keep your family safe”, comments Marina Titova, Vice President for Consumer Business at Kaspersky.

* The study was conducted by Kaspersky’s market research center in November 2025. 3000 respondents from 15 countries (Argentina, Chile, China, Germany, India, Indonesia, Italy, Malaysia, Mexico, Saudi Arabia, South Africa, Spain, Turkey, UK, United Arab Emirates) took part in the survey.

About Kaspersky

Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky’s deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect individuals, businesses, critical infrastructure, and governments around the globe. The company’s comprehensive security portfolio includes leading digital life protection for personal devices, specialized security products and services for companies, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help millions of individuals and nearly 200,000 corporate clients protect what matters most to them. Learn more at www.kaspersky.com.    

This article was originally published as Kaspersky reveals how digitalization is influencing family life in the UAE on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

A cybersecurity researcher has uncovered a vast, publicly accessible repository of stolen login credentials harvested from malware-infected personal devices. Jeremiah Fowler, a noted security researcher, highlighted a dataset containing around 149 million usernames and passwords collected from smartphones and computers. The records span a range of services, including social platforms like Facebook and Instagram, streaming services such as Netflix, and crypto-related accounts linked to the Binance exchange—of which at least 420,000 credentials were tied to Binance users. The discovery underscores how credential-st stealing malware continues to infiltrate everyday devices, exposing users to phishing, account takeover and cross-platform abuse.

Key takeaways

The dataset, reported by ExpressVPN, represents a credential dump from infostealer malware rather than a breach of a single company’s systems.

Record counts by service are substantial: 48 million Gmail accounts, 4 million Yahoo accounts, 17 million Facebook accounts, 6.5 million Instagram accounts, 3.4 million Netflix accounts and 780,000 TikTok accounts, among others.

Binance is named specifically in the dump, with at least 420,000 credentials associated with its users, highlighting risk to crypto-exchange accounts processed through compromised devices.

Security experts stress that this is an endpoint‑level exposure—credentials were harvested from end-user devices, not from Binance’s internal infrastructure.

Researchers warn that government-related accounts and .gov domains appear in the dataset, raising concerns about phishing and impersonation alongside financial risks.

Tickers mentioned:

Market context: The incident adds to a growing awareness that credential theft remains a primary vector for unauthorized access, especially for crypto users who often reuse passwords across services or rely on devices that may lack robust security controls.

Sentiment: Neutral

Price impact: Neutral. The report centers on credential exposure rather than immediate market moves or asset transfers, though it underscores broader security risks for exchanges and wallets.

Trading idea (Not Financial Advice): Hold. The event reinforces the need for stronger authentication practices and user hygiene, rather than ad hoc trading responses to credential leaks.

Market context: End-user device security and credential hygiene continue to shape risk in the crypto ecosystem, with exchanges and wallets emphasizing phishing defense, multi-factor authentication and user education as core defense lines.

Why it matters

The disclosure of a 94-gigabyte infostealer data set—containing hundreds of millions of credentials—serves as a stark reminder that the security perimeter for crypto users begins at the device level. The dataset’s breadth is notable: tens of millions of Gmail accounts, millions of social media logins and hundreds of thousands of crypto-related credentials linked to Binance. While security researchers stress this is not a Binance systems breach, the exposure underscores how attackers operate in the wild: by compiling vast troves of credentials from compromised devices and then attempting cross‑site login reuse or phishing campaigns to monetize them.

Fowler emphasizes the systemic risk: credential-stealing malware thrives where devices run outdated software or weak security hygiene persists. “This is not the first dataset of this kind I have discovered and it only highlights the global threat posed by credential-stealing malware,” he wrote in the ExpressVPN post. “Financial services accounts, crypto wallets or trading accounts, banking and credit card logins also appeared in the limited sample of records I reviewed.” The breadth of services represented indicates attackers are not just chasing social accounts or streaming access; they are seeking any gateway that can unlock financial assets or sensitive personal data.

The dataset’s composition includes a mix of consumer accounts (Gmail, Yahoo, Facebook, Instagram, Netflix, TikTok) alongside financial and crypto-relevant services. For crypto users, the risk is twofold: direct account compromise and the potential for phishing campaigns that masquerade as legitimate communications from trusted platforms. In practice, a single compromised Gmail or social media account can be leveraged to reset passwords on crypto exchanges, wallets or related services, enabling unauthorized transfers or credential harvesting at scale. The exposure highlights a persistent theme in crypto security: attackers favor low-friction access paths that bypass user friction, especially when devices remain vulnerable to malware infections.

In addition to the immediate risk to individual accounts, the report notes a concerning number of credentials tied to government domains and .gov addresses. While these entries may be less directly monetizable than financial accounts, they amplify the phishing and impersonation threat landscape. Attackers can impersonate government agencies in social-engineering campaigns, increasing trust and likelihood of user compliance with fraudulent requests. The broader takeaway is clear: security must be comprehensive—covering devices, authentication, user education and rapid response to credential exposures.

The broader crypto-security community has been sounding alarm bells for years about infostealer families—malware that quietly extracts saved logins from infected devices. A recent Kaspersky report on a newer infostealer family—often described as Stealka—illustrates how attackers pivot between delivering wallet-targeted trojans, browser extensions and crypto-mining modules, all while masquerading as legitimate game mods or cracks. The malware’s reach spans more than 100 browsers and targets dozens of exchanges, including Binance, Coinbase, Crypto.com, SafePal, Trust Wallet, MetaMask, and others. Such developments underscore a central theme: as the attack surface expands, so does the imperative for robust endpoint defenses and safer password practices.

A fake website pretending to offer Roblox scripts, Source: Kaspersky

Given the scale of the data and its diverse target set, security teams are stressing prevention-first approaches. The Binance response, outlined in a March 2025 blog post, illustrates how exchanges are increasingly proactive: monitoring dark-web chatter for compromised credentials, alerting affected users, forcing password resets, and revoking compromised sessions. While Binance asserts that this incident stems from end-user device compromise rather than a breach of its internal systems, the episode reinforces a key cybersecurity premise: even the strongest exchange defenses are only as strong as the weakest link—often the user’s device and habits.

To reduce risk, Fowler and fellow researchers advocate layered security that combines robust antivirus and anti-malware tools with regular system updates, hardware-based multi-factor authentication and diligent password hygiene. The aim is to detect suspicious activity early, block unauthorized access and disrupt attacker workflows before funds can be moved or accounts exfiltrated. As the crypto ecosystem continues to evolve, the focus on endpoint security will likely intensify, driving demand for improved user education, stronger authentication standards and more resilient wallet and exchange architectures.

What to watch next

Follow any updates from ExpressVPN on the 149 million infostealer dataset and any new analyses of the data’s composition.

Watch for additional confirmations from Binance regarding user advisories, password-reset campaigns and session revocations in response to credential leaks.

Monitor security researchers’ deeper dives into the infographic details, including the potential cross-service implications and relationships among compromised accounts.

Assess the impact of newer infostealer families like Stealka on crypto wallets and browser extensions, and any resulting shifts in defensive tooling or marketplace security standards.

Sources & verification

ExpressVPN blog: Jeremiah Fowler’s analysis of the 149 million infostealer data set and the services affected.

Binance security blog (March 2025): statements on credential monitoring, user alerts, password resets and session revocation in response to the incident.

Kaspersky research: analysis of Stealka and its targeting of wallets, browser extensions and exchanges, including a wide browser and platform reach.

Cointelegraph coverage: discussion of related incidents, including the SwapNet breach and other crypto‑security events referenced in the coverage.

Credential exposure and the evolving threat landscape

The exposed dataset underscores a persisting vulnerability surface: consumer devices running unpatched software and weak security practices remain fertile ground for credential theft. The breadth of services represented means attackers can attempt cross-service exploits, phishing campaigns and social-engineering tactics that reach users across the crypto and mainstream internet ecosystems. While Binance and other platforms emphasize that the core systems remain secure, incidents of this kind illuminate the constant risk attached to end-user endpoints and the imperative for defense-in-depth strategies that integrate device security, authentication hardening and user awareness.

What it means for users and builders

For individual users, the takeaway is simple but impactful: re‑emphasize the importance of unique, strong passwords for each service, enable hardware-based multi-factor authentication where possible, and maintain current security software on all devices. For developers and operators in the crypto space, the message is twofold: build authentication workflows that resist credential stuffing and password re-use, and invest in user‑education campaigns that stress the importance of credential hygiene beyond the login screen. In a landscape where attackers increasingly use legitimate services as stepping stones, robust identity protection becomes a foundational element of trust and resilience in crypto ecosystems.

This article was originally published as 149M Infostealer Data Dump Reveals Crypto Users on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Editor’s note: This press release outlines a market thesis positioning XRP as a beneficiary of a more supportive US regulatory environment and introduces LeanHash’s new investment tools focused on the XRP ecosystem. The announcement ties macro policy shifts to XRP’s role in cross-border payments and highlights LeanHash’s compliance and security posture as it expands cloud-based crypto investment offerings. While the regulatory outlook and return projections reflect the company’s perspective, the release provides insight into how platforms are aligning product strategies around perceived policy clarity, institutional use cases, and demand for regulated access to digital asset exposure.

Key points

The release argues that clearer US crypto policies are improving sentiment around XRP and its long-term use cases.

XRP is positioned as a payments-focused asset, distinct from store-of-value tokens like Bitcoin.

LeanHash announces XRP-focused investment tools tied to cloud computing power contracts.

The company emphasizes compliance with EU frameworks such as MiCA and MiFID II.

Multiple security audits and insurance arrangements are highlighted as part of its platform offering.

Why this matters

The announcement reflects a broader trend of crypto platforms tailoring products around regulatory narratives and perceived institutional demand. For investors and builders, it shows how compliance frameworks, security certifications, and asset-specific strategies are becoming central to market positioning. It also underscores ongoing interest in payment-oriented blockchain infrastructure, particularly as policy clarity is framed as a catalyst for renewed capital allocation into select digital assets.

What to watch next

How LeanHash rolls out and updates its XRP-related contracts and tools.

Any changes to regulatory guidance that could affect XRP-focused products.

User adoption and reported activity across supported assets on the platform.

Disclosure: The content below is a press release provided by the company/PR representative. It is published for informational purposes.

With the new US administration’s fundamental shift in its stance on cryptocurrency regulation, market analysts widely predict that the digital asset industry is entering a “golden age.” Under the Trump administration’s policy guidance of supporting decentralized finance (DeFi) and a clear compliance framework, XRP (Ripple) is widely recognized as one of the crypto assets with the greatest potential for investment returns, thanks to its core position in cross-border settlements and its compliance advantages.

Why XRP?

Compared to Bitcoin’s traditional function as a store of value, XRP’s extremely high transaction speed and extremely low fees have made it the preferred payment medium for financial institutions. With policy support, XRP’s application scenarios have expanded from simple cross-border payments to central bank digital currency (CBDC) infrastructure and enterprise-level smart contracts. Market experts believe that XRP’s potential for price appreciation and long-term returns are among the highest of mainstream tokens.

Against this backdrop, LeanHash, a leading global blockchain computing power solutions and asset management platform, announced the launch of a series of deep investment tools for XRP and its ecosystem, aiming to help global XRP investors achieve optimal asset allocation during this period of policy dividends.

About LeanHash

Headquartered in the UK, LeanHash strictly adheres to the EU’s MiCA (Mandatory Accounting and Computing Authority) directives on crypto assets and the MiFID II financial services standard. With a robust compliance system, the platform provides reliable legal protection in terms of transparency, operational standards, and user rights.

In the security field, LeanHash has successfully passed audits and certifications from numerous international institutions, including:

• PwC Annual Financial and Security Compliance Audit

• Lloyd’s of London Custody Insurance

• Cloudflare Enterprise Firewall Protection + McAfee® Cloud Security System

• Multi-layered Encryption Architecture and Real-time Security Monitoring System (24/7)

With its robust compliance framework, top-tier security system, and transparent and rigorous auditing mechanisms, LeanHash is one of the few international cloud computing digital asset platforms in the industry capable of simultaneously ensuring global compliance, security, and high credibility, thus providing comprehensive protection for users’ funds, returns, and data.

The platform currently supports a variety of mainstream cryptocurrencies and stablecoins, including USDT, BTC, BNB, ETH, LTC, USDC, XRP, BCH, DOGE, and SOL (Solana). Users can start cloud computing power contracts at any time and flexibly switch between different currencies according to market strategies, thereby improving the efficiency and stability of computing power revenue.

How to get started investing in XRP with LeanHash?

1. Visit the LeanHash website and create an account to receive a $15 bonus.

2. Choose a suitable contract term based on your budget and expected returns.

3. Start earning stable returns – your earnings are calculated daily.

Examples of common LeanHash revenue contracts:

• Entry-level contract – Investment: $100 | Term: 2 days | Principal + Earnings: $107

• Basic Computing Power Contract – Investment: $600 | Term: 7 days | Principal + Earnings: $54.6

• Intermediate Computing Power Contract – Investment: $6000 | Term: 32 days | Principal + Earnings: $9072

• High-Performance Computing Contract – Investment: $14,000 | Term: 43 days | Principal + Earnings: $24775.8

• High-Performance Computing Contract – Investment: $45000 | Term: 47 days | Principal + Earnings: $86665.5

• Supercomputer Contract – Investment: $150,000 | Term: 50 days | Principal + Earnings Earnings: $321,750

All contract earnings are settled daily and automatically distributed every 24 hours. The platform does not charge any additional hidden fees, and the principal is fully refunded upon contract maturity. High-end contracts can yield thousands of dollars daily. Users can view complete contract information and historical data on the LeanHash website or app.

Looking ahead

As policies are gradually implemented, the cryptocurrency market is shifting from speculation-driven to value-driven. XRP’s strong performance under favorable policies, combined with the technological support of LeanHash, is opening up a new path to wealth growth for global investors.

For more details, please visit the official website: leanhash.com or download the iOS and Android mobile apps to track your real-time earnings anytime, anywhere.

This article was originally published as Trump Policy Shift Puts XRP Among Top Crypto Return Opportunities on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin (CRYPTO: BTC) could be pulled into another sharp sell-off if chatter around a potential yen intervention moves into action. History shows that when Japan steps into the foreign exchange market to tamp down a rapid yen slide, BTC has at times faced a roughly 30% drawdown before finding a base and launching a substantial rebound. The latest cycle mirrors that pattern, even as on-chain metrics suggest the market has not yet printed a definitive bottom. As US-Japan coordination discussions continue and FX traders watch USD/JPY, the crypto market stands at a crossroads where macro moves could dictate short-term volatility and longer-term sentiment.

Key takeaways

Past yen shocks have coincided with BTC dropping about 30% from local highs, followed by rallies of 100% or more in subsequent cycles.

On-chain indicators imply the Bitcoin bottom has not been confirmed yet, with several metrics pointing to ongoing distribution rather than clear accumulation.

New reports around rate checks in USD/JPY by the New York Fed have heightened expectations of potential coordinated FX action, elevating near-term risk for crypto pricing.

The macro-fractal known as the yen carry trade has historically contributed to BTC volatility, but the same dynamic has preceded significant recoveries after stress phases.

If the fractal unfolds as anticipated, BTC could face a dip toward the mid-to-upper $60,000s before a potential rebound, though on-chain data suggests traders should expect a choppy path before a durable bottom forms.

Tickers mentioned: Tickers mentioned: $BTC

Sentiment: Bearish

Price impact: Negative. A yen-driven sell-off could push BTC into a corrective phase, potentially testing the $65,000–$70,000 zone before markets weigh a broader recovery.

Market context: The conversation around yen interventions is unfolding amid broader FX coordination signals between the US and Japan, including recent discussions of rate checks in USD/JPY that FX desks interpret as precursors to action. This backdrop matters because BTC historically exhibits sensitivity to macro liquidity shifts and risk sentiment that flow through currency markets. In parallel, on-chain metrics have not yet signaled capitulation, keeping traders cautious about bets on a swift bottom or a rapid, sustained rally.

Why it matters

The potential link between FX policy and BTC price action underscores a recurring theme in crypto markets: liquidity and macro risk perception can dominate price action even when the technology or fundamentals of the asset remain steadfast. When major economies signal a readiness to intervene to stabilize currency markets, risk assets including Bitcoin often experience heightened volatility as market participants rebalance portfolios or reposition for potential policy surprises. This dynamic is not unique to crypto; however, BTC’s global liquidity footprint makes it particularly vulnerable to sudden shifts in investor risk appetite during FX stress events.

On-chain signals add nuance to this picture. The latest readings on net unrealized profit/loss (NUPL) show the market still sitting above zero, indicating a net profit position for a majority of holders, even after a recent drawdown. In previous cycles, a true bottom tended to emerge only after NUPL moved into negative territory, signaling widespread underwater positions and a washout of selling pressure. Today, with profit still prevalent, the risk is that the market could see another leg down before the macro-driven sell-off exhausts itself and traders begin to accumulate again. The delta growth rate — a measure of the rate at which market value is rising versus realized value — has also turned negative, reinforcing a cautious stance about near-term upside unless macro catalysts shift decisively.

Analysts have noted that the yen-fractal pattern—where an initial price drop in BTC is followed by a robust rebound—often requires patients who can withstand interim stress. As one market observer noted, the sequence may involve an initial capitulation in price, followed by a durable re-accumulation phase that sets the stage for a new cycle of price discovery. While this narrative offers a lens through which to view recent volatility, it does not guarantee a bottom has been carved. In other words, the risk of further drawdown remains real, even if the longer-term thesis remains constructive for patient holders.

Throughout the recent conversations, investors have also been watching for how yen-linked carry trades contribute to risk dynamics in crypto markets. The carry trade, which borrows in one currency to invest in higher-yielding assets in another, has historically amplified both sell-offs and rallies in BTC as traders unwind or take profits into episodes of FX stress. The latest discussion around possible intervention adds a layer of potential volatility that could test short-term support levels before macro conditions clarify a clearer path to accumulation and a potential macro-driven rally.

As with any analysis of this kind, there is a spectrum of outcomes. Some analysts contend that the same patterns that delivered a double-digit drawdown followed by a multi-fold rebound could repeat, offering a generational buying opportunity if the yen-fractal dynamics are validated by subsequent price action. Others caution that the current environment, marked by mixed on-chain signals and the persistence of profit in the market, may yield a protracted period of range-bound price action until the macro fog lifts. In the near term, traders should prepare for continued volatility, with any significant move likely to hinge on FX policy developments and how quickly on-chain metrics re-align with a bottom narrative.

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Looking ahead, the market will likely weigh the risk of a near-term dip against the possibility of a longer-term macro-driven revival. If yen-related interventions materialize as anticipated, BTC could retest critical support levels before a meaningful recovery, aligning with historical patterns where the risk-off phase transitions into a new uptrend once traders price out the worst-case scenarios and begin to accumulate again.

What to watch next

Watch for any official statements or actions from Japanese authorities or the US authorities that signal a concrete plan to intervene in FX markets, which could precipitate sharp moves in BTC.

Monitor BTC price behavior around the $65,000–$70,000 zone for signs of a test of support versus a renewed decline, especially in the wake of FX-related volatility.

Track on-chain metrics such as NUPL and delta growth rate for signs of a shift from profit-taking to capitulation or renewed accumulation.

Keep an eye on macro commentary around the Fed’s Q1 2026 outlook and possible policy shifts that could affect liquidity and risk sentiment in crypto markets.

Observe market reactions to any new developments in yen carry trade unwind dynamics, which could reframe BTC’s risk backdrop in the near term.

Sources & verification

Reuters: Japan-US coordination on foreign exchange and currency diplomacy; FX dynamics around USD/JPY (Jan 26, 2026).

Cointelegraph: US yield spread warnings and Bitcoin price implications; “How the yen carry trade wiped out crypto.”

Cointelegraph: “Bitcoin price bottoming phase ends five things Bitcoin this week.”

Alphractal: On-chain signals and NUPL status; status update on market profitability.

Cointelegraph: Fed Q1 2026 outlook and potential impact on Bitcoin and crypto markets.

Bitcoin on the FX fractal and on-chain signals

The evolving narrative around yen interventions continues to shape Bitcoin’s near-term trajectory. As FX policy discussions intensify, BTC stands at the intersection of macro policy risk and on-chain fundamentals. If history repeats, a sharp but brief drawdown could give way to a robust recovery, a pattern that has defined previous stress episodes in this cycle. Yet until on-chain metrics confirm a durable bottom, the prudent stance remains one of calibrated exposure, ready to pivot as price action and data evolve.

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This article was originally published as Bitcoin ‘True Bottom’ Looms as Yen Fractal Signals 30% BTC Price Drop on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Salesforce built an AI concierge for Davos. Named her EVA. She coordinated 3,000 of the most powerful people on the planet—heads of state, CEOs, the kind of people who have people.

EVA scheduled meetings. Generated her briefings. Managed the chaos of the world’s most overbooked conference in real time.

She worked. And she can’t buy a coffee. No wallet. No bank account. No way to pay for anything. The AI that just ran Davos is financially helpless.

This isn’t a Salesforce problem. This is the problem. We’re building agents that can think, plan, negotiate, and execute. We’re handing them the keys to our calendars, our inboxes, our decisions. But we forgot to give them money.

Now there’s a race, mostly invisible, rarely discussed at panels, to fix that.

The gap nobody’s talking about

The AI agent market is exploding. Valued at $7.38 billion in 2025, nearly double what it was two years ago. 85% of organizations have already integrated AI agents into at least one workflow. By some estimates, we’re looking at a $236 billion market by 2034.

These aren’t chatbots. These are systems that book flights, manage procurement, negotiate contracts, execute trades. Gartner says 33% of enterprise software will include agentic AI capabilities within three years.

But here’s the thing about agents that do stuff: eventually, they need to pay for stuff.

And the moment an AI agent needs to transact, it hits a wall. Banks won’t open accounts for software. Payment processors are built for humans with credit cards and billing addresses. The entire financial system assumes there’s a person at the end of the transaction.

There isn’t anymore. Or there won’t be soon.

Mike Novogratz, CEO of Galaxy Digital, said it plainly at a Goldman Sachs conference: AI agents will become the largest users of stablecoins. Your grocery agent—the one that knows you’re on a diet, knows what you like, knows what’s in season, will buy your food and settle the payment over crypto rails. Not Venmo. Not a wire transfer. Stablecoins. His timeline? One to five years.

The plumbing is being built

While Davos debated AI ethics and regulation, a handful of companies were quietly building the infrastructure that makes autonomous AI actually functional.

x402: Payments baked into the internet itself

In September 2025, Coinbase and Cloudflare announced the x402 Foundation. If you’ve never heard of it, you’re not alone. But it might be the most important protocol you’ll encounter in the next five years.

Here’s the idea: there’s an HTTP status code—402—that’s existed since the early days of the web. It means “Payment Required.” It was never implemented. Nobody built the standard for how a server should ask for money, or how a client should pay.

x402 fixes that. It embeds payments directly into web requests. An AI agent hits a paywall, receives payment instructions, sends a stablecoin transaction, and gets access—all in one HTTP exchange. No subscriptions. No API keys. No human clicking “confirm purchase.”

The use cases write themselves. An AI assistant that buys accessories from multiple merchants for your Halloween costume. An agent that pays per browser rendering session instead of committing to monthly SaaS fees. An autonomous trader making micropayments for real-time data feeds.

Transactions on the x402 protocol increased twentyfold in a single month after launch. The momentum is real.

Coinbase Payments MCP

In October 2025, Coinbase launched Payments MCP, a system that lets large language models, including Claude and Gemini, access blockchain wallets and transact in crypto.

The pitch from Coinbase’s team: “Stablecoins move at the speed of code, integrate seamlessly with APIs, and enable autonomous agents to act without human friction.”

This is what it looks like when major infrastructure players take agentic commerce seriously. Not a pilot program. Not a whitepaper. Working rails.

Know Your Agent (KYA)

If agents are going to transact, someone needs to verify them. Enter KYA—Know Your Agent—the emerging framework for AI identity.

Think of it like KYC for robots. Instead of verifying a human with a passport and a utility bill, KYA establishes an agent’s identity, capabilities, permissions, and the human or organization behind it.

Worldpay announced it will use KYA to help merchants verify AI agents at checkout. That’s not a startup experiment. That’s a major payment processor saying: agents are coming, and we need to know who they are before they swipe.

The technical layer involves decentralized identifiers, verifiable credentials, and reputation systems that track agent behavior over time. It’s early, but it’s not theoretical.

The stablecoin moment

Why stablecoins? Why not just give agents credit cards?

Because traditional payment rails weren’t built for this.

Credit card transactions cost 2-3% plus fixed fees. For a $500 purchase, that’s fine. For a thousand micropayments of $0.10, it’s economically insane. The fixed fee alone—often $0.15 to $0.30—makes small transactions impossible.

Stablecoins on modern blockchains settle in under 500 milliseconds for less than a tenth of a cent. That’s not a marginal improvement. That’s a different category of capability.

And the scale is already there. Stablecoin transaction volumes hit $33 trillion in 2025—up 72% from the prior year. 90% of surveyed banks and fintech companies are actively integrating stablecoin capabilities. This isn’t crypto-native speculation anymore. It’s infrastructure.

The agents need rails that move at their speed. Traditional finance doesn’t. Stablecoins do.

Bermuda said “fuck it, we’ll go first”

While the US debates stablecoin legislation and the EU refines AI Act implementation timelines, a tiny island in the Atlantic decided to run the experiment.

At Davos, Bermuda announced plans to become the world’s first fully onchain national economy. Circle and Coinbase are providing the infrastructure. Government agencies will pilot stablecoin-based payments. Local banks are integrating tokenization tools. Businesses are getting digital wallets.

This isn’t new for Bermuda. Back in 2018, they passed the Digital Asset Business Act—the first comprehensive digital asset framework anywhere. Circle and Coinbase were among the first firms licensed.

At the Bermuda Digital Finance Forum last year, they tested real-world adoption with a USDC airdrop: every attendee got 100 USDC to spend at local merchants. Not a hackathon demo. Actual commerce.

Why Bermuda? Because traditional payment rails punish them. Island jurisdictions get lumped with Caribbean territories by processors, driving up fees and squeezing merchant margins. For a small, entrepreneurial economy, those costs matter.

Onchain rails fix that. Faster settlement. Lower fees. Direct access to global finance.

The population is 65,000 people. They’re building what the G7 is still arguing about.

The regulatory mess

Here’s where it gets uncomfortable.

The EU AI Act is the most comprehensive AI regulatory framework in the world. It entered force in August 2024, with various provisions rolling out through 2027. It addresses risk tiers, transparency requirements, prohibited practices.

But it wasn’t designed with agents in mind.

Researchers at The Future Society published a report in late 2025: “Ahead of the Curve: Governing AI Agents under the EU AI Act.” Their conclusion? The Act does apply to agents, but gaps remain. Agent-specific risks need additional guidelines. Technical standards need updates.

Meanwhile, the US approach is fragmented at best. The White House’s December 2025 executive order aims for a “minimally burdensome national standard” that limits state-level divergence. Translation: innovation first, figure out the rules later.

The fundamental problem is deeper than any single regulation: AI agents aren’t legal persons. They can’t open bank accounts. They can’t hold assets in their own name. When an agent executes a financial transaction, who’s liable? The user who deployed it? The company that built it? The platform it runs on?

Nobody knows. The frameworks don’t exist yet.

And agents don’t care about jurisdictions. They operate globally by default, at machine speed, 24/7. The regulatory infrastructure is playing catch-up to technology that doesn’t wait.

The question Davos didn’t ask

Davos 2026 had plenty of AI sessions. The ECB Governor shared a stage with Brian Armstrong and Brad Garlinghouse. The conversation shifted from “should crypto exist” to “how fast can we integrate.”

But the real question isn’t about integration. It’s about infrastructure.

AI agents are here. They’re managing schedules, executing trades, coordinating logistics. They’ll be buying groceries, booking travel, settling invoices. They’ll transact billions—maybe trillions—in value.

And right now, they can’t pay for a cup of coffee.

The companies building wallets for AI aren’t chasing hype. They’re building the plumbing for an economy that doesn’t exist yet—but will, faster than most people expect.

Bermuda’s already in. Coinbase and Cloudflare are setting standards. Payment processors are developing agent verification.

The infrastructure is being built. The question is whether you’re paying attention.

This article was originally published as The Davos Question Nobody Asked: Who’s Building the Wallet for AI? on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Introduction
On Sunday, Matcha Meta disclosed that a security breach linked to one of its main liquidity providers, SwapNet, compromised users who had granted approvals to SwapNet’s router contract. The incident underscores how permissioned components within decentralized exchange ecosystems can become attack vectors even when the core infrastructure remains intact. Early public assessments place the losses in the range of roughly $13 million to $17 million, with the on-chain activity centering on the Base network and cross-chain movements toward Ethereum. The disclosure prompted prompts for users to revoke approvals and heightened scrutiny of how smart contracts exposed to external routers are safeguarded.

Key Takeaways

The breach originated through SwapNet’s router contract, prompting an urgent call for users to revoke approvals to prevent further losses.

Estimates of the stolen funds vary: CertiK reported about $13.3 million, while PeckShield tallies at least $16.8 million on the Base network.

On Base, the attacker swapped roughly 10.5 million USDC for about 3,655 ETH and began bridging funds to Ethereum.

CertiK attributed the vulnerability to an arbitrary call in the 0xswapnet contract, which allowed the attacker to transfer funds already approved to it.

Matcha Meta indicated the exposure was tied to SwapNet rather than its own infrastructure, and officials have not yet provided details on compensation or safeguards.

Smart-contract weaknesses continue to be the dominant driver of crypto exploits, accounting for 30.5% of incidents in 2025, per SlowMist’s annual security report.

Tickers Mentioned

Tickers mentioned: Crypto → USDC, ETH, TRU

Sentiment

Sentiment: Neutral

Price Impact

Price impact: Negative. The breach highlights ongoing security risks in DeFi and can influence risk sentiment around responsible liquidity provision and approval management.

Trading idea (Not Financial Advice)

Trading idea (Not Financial Advice): Hold. The incident is specific to a router-approval pathway and does not directly imply broader systemic risk to all DeFi protocols, but it warrants caution around approval management and cross-chain liquidity.

Market context

Market context: The event arrives amid heightened attention to DeFi security and cross-chain activity, where liquidity providers and aggregators increasingly rely on modular components. It also sits against a backdrop of evolving discussions about on-chain governance, audits, and the need for robust safeguards as blue-chip protocols and new entrants compete for user trust.

Why it matters

Why it matters

Security incidents at DeFi aggregators illustrate the persistent risk surfaces present when multiple protocol layers interact. In this case, the breach was attributed to a vulnerability in SwapNet’s router contract rather than Matcha Meta’s core architecture, underscoring how trust is distributed across partner components in a composable ecosystem. For users, the episode serves as a reminder to review and revoke token approvals regularly, especially after suspicions of abnormal on-chain activity.

The financial impact, while still evolving, reinforces the importance of rigorous vetting of external liquidity providers and the need for real-time monitoring of approval flows. The fact that attackers were able to convert a substantial portion of the stolen funds into stablecoins and then bridge assets to Ethereum highlights the cross-chain dynamics that complicate post-incident traceability and restitution efforts. Exchanges and security researchers stress the value of granular, time-bound permission scopes and early revocation capabilities to limit the blast radius of such exploits.

From a market perspective, the episode adds to a broader narrative about the fragility of permissionless finance and the ongoing race to implement robust, auditable safeguards across layers of DeFi ecosystems. While not a systemic indictment of Matcha Meta, the incident intensifies calls for standardized security audits of router contracts and clearer accountability for third-party modules that interact with user funds.

What to watch next

What to watch next

Matcha Meta’s official updates on the root cause and any remediation or compensation plans for affected users.

Any external audits or third-party reviews of SwapNet’s router contract and governance changes to prevent reoccurrence.

On-chain monitoring of the Base-to-Ethereum bridge activity related to this incident and subsequent fund movements.

Regulatory and industry-standard developments around DeFi security, particularly smart-contract auditing frameworks and user-approval controls.

Sources & verification

Matcha Meta’s post on X warning users to revoke SwapNet approvals after the breach.

CertiK advisory identifying the exploit as stemming from an arbitrary call in the 0xswapnet contract that allowed transfer of approved funds.

PeckShield’s update noting approximately $16.8 million drained on Base, including the swap of USDC for ETH and bridging to Ethereum.

SlowMist’s 2025 Blockchain Security and AML Annual Report detailing the share of incidents by category, including 30.5% attributed to smart-contract vulnerabilities and 24% to account compromises.

Cointelegraph coverage of the Truebit incident, including a $26 million loss and the TRU token’s decline, for broader context on smart-contract risk exposure.

Rewritten article body

Security breach at Matcha Meta underscores smart-contract risks in DEX ecosystems

In the latest example of how DeFi can be compromised from within, Matcha Meta disclosed that a security breach occurred through one of its primary liquidity-provision pathways—SwapNet’s router contract. The user-facing consequence is the revocation of token approvals, which the protocol explicitly urged in its public post. The breach did not appear to originate from Matcha Meta’s core infrastructure, the company indicated, but rather from a vulnerability in a partner’s router layer that granted permissions to move funds on users’ behalf.

Early estimates from security researchers put the financial impact in a tight band. CertiK quantified the losses at about $13.3 million, while PeckShield reported a higher, minimum figure of $16.8 million on the Base network. The discrepancy reflects different on-chain accounting methods and timing of post-incident reviews, but both analyses confirm a meaningful loss tied to SwapNet’s router functionality. On Base, the attacker reportedly swapped approximately 10.5 million USDC (CRYPTO: USDC) for roughly 3,655 ETH (CRYPTO: ETH) and began bridging the proceeds toward Ethereum, according to PeckShield’s bulletin posted to X.

So far, ~$16.8M worth of crypto has been drained. On Base, the attacker swapped ~10.5M USDC for ~3,655 ETH and has begun bridging funds to Ethereum.

CertiK’s assessment provides a technical explanation for the exploit: an arbitrary call in the 0xswapnet contract enabled the attacker to pull funds that users had already approved, effectively bypassing a direct theft from SwapNet’s liquidity pool and instead leveraging the permissions granted to the router. This distinction matters because it points to a governance or design flaw at the integration layer rather than a breach of Matcha Meta’s own custody or security controls.

Matcha Meta acknowledged the exposure is linked to SwapNet and did not attribute the vulnerability to its own infrastructure. Attempts to secure comment on compensation mechanisms or safeguards were not immediately returned, leaving affected users without a clear remediation path in the near term. The incident illustrates a broader risk profile for DEX aggregators: when partnerships introduce new contract interfaces, attackers may target permissioned flows that sit at the intersection of user approvals and automated fund transfers.

The broader security landscape in crypto remains stubbornly precarious. In 2025, smart-contract vulnerabilities were the leading cause of crypto exploits, accounting for 30.5% of incidents and 56 total events, according to SlowMist’s annual report. This share highlights how even sophisticated projects can be tripped up by edge-case bugs or misconfigurations in code that governs automatic value transfer. Account compromises and compromised social accounts (such as victims’ X handles) also represented a sizable portion of incidents, underscoring the multi-vector nature of attackers’ toolkit.

Beyond the purely technical angles, the incident feeds into a growing discourse around the use of artificial intelligence in smart-contract security. DECEMBER reports noted that commercially available AI agents uncovered roughly $4.6 million worth of on-chain exploits in real-time, leveraging tools such as Claude Opus 4.5, Claude Sonnet 4.5, and OpenAI’s GPT-5. The emergence of AI-enabled probing and exploitation techniques adds a layer of complexity to risk assessment for auditors and operators alike. This evolving threat landscape reinforces the need for continuous monitoring, rapid revocation of permissions, and adaptable defensive measures in DeFi ecosystems.

Two weeks prior to the SwapNet incident, another high-profile smart-contract vulnerability resulted in $26 million in losses for the Truebit protocol, followed by a steep price reaction in the TRU token (CRYPTO: TRU). Such episodes underscore the fact that the smart-contract layer remains a prime attack surface for hackers, even as other domains within the crypto sphere—custody, centralized infrastructure, and off-chain components—also face persistent threats. The recurring theme is that risk management must extend beyond audits and bug bounties to include live governance, real-time monitoring, and prudent user practices around approvals and cross-chain movements.

As the market digests the implications, observers emphasize that the path to resilience in DeFi relies on layered safeguards and transparent incident response. While SwapNet’s vulnerability appears isolated to a particular integration, the incident reinforces a central lesson: even trusted partners can introduce systemic risk if their contracts interact with user funds in ways that bypass standard safeguards. The on-chain record will continue to unfold as investigators, Matcha Meta, and its liquidity partners conduct forensic reviews and determine whether victims will receive compensation or enhancements to risk controls that can prevent similar incidents in the future.

This article was originally published as Matcha Meta Hit by $16.8M SwapNet Smart Contract Hack on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Binance co-founder Changpeng Zhao has ruled out a return to lead the exchange, even as a pardon from the U.S. president opens a window for potential future involvement. In a CNBC Squawk Box appearance this past weekend, Zhao said he understood the pardon effectively lifts prior restrictions, but he does not intend to reclaim a front-facing role at Binance. He described stepping away after seven years as a deliberate choice, noting that the period was painful but that the company has since adapted under new leadership. Zhao stressed that Binance should continue to evolve under capable management while he remains a shareholder, watching from the sidelines and offering input on social media when he chooses to weigh in.

In a broader frame, Zhao’s remarks come as Binance has pressed ahead with its growth trajectory. A December open letter from the exchange’s leadership highlighted remarkable momentum, noting a user base surpassing 300 million and a total product trading volume of $34 trillion for the year. The message underscored a belief that the platform’s footprint in the crypto economy continues to widen, supported by two executives who Zhao described as “capable” to steer the enterprise. The letter also reinforced the company’s commitment to scaling its offerings even as regulators and lawmakers scrutinize the sector globally.

A candid conversation from Davos – on prison, pardon, and what freedom means going forward.

Full interview on CNBC with @andrewrsorkin. Focused on building what’s next. pic.twitter.com/x94llJFac2

— CZ BNB (@cz_binance) January 25, 2026

Zhao’s legal arc has been well documented. He pleaded guilty in November 2023 to failing to maintain an effective anti–money-laundering (AML) program at Binance and subsequently received a four-month prison sentence along with a prohibition from working at the exchange. The pardon, which Trump granted in October, drew renewed attention from U.S. lawmakers who have long questioned Binance’s ties to various crypto ventures tied to the Trump orbit, though the former president later said he did not know Zhao personally. In that context, Zhao emphasized that Binance has continued to operate without disruption and that leadership continuity remains a central theme for the firm.

Binance doesn’t need a “backseat driver”

Looking back at the transition, Zhao noted that Binance has not missed a beat since he stepped aside. He pointed to two executives—Richard Teng and Yi He—as leading the company through a period of strong growth and expanded market share. In a decline in the narrative of “founder-centric” governance, Zhao argued that fresh leadership can unlock new strategic angles and foster long-term resilience for the platform. He also stated that his current involvement is largely through ownership and occasional input, rather than daily oversight, emphasizing that productive leadership requires room for others to grow.

In the December letter, Binance’s leadership highlighted the scale of the platform’s user base and activity, asserting that the “over 300 million” users and the “$34 trillion” in product trading volume for the year demonstrate the company’s reach across markets. Zhao remarked that he continues to be a shareholder and that he shares guidance with the team when he feels compelled to do so, typically through social commentary rather than formal governance channels. The message also touched on the company’s global footprint and ongoing negotiation with regulators as it advances its business model in a rapidly evolving landscape. The conversation around governance and growth remains central as the sector seeks to balance ambition with compliance and risk management.

Meanwhile, Zhao’s remarks about Bitcoin’s trajectory are drawing attention from a broader audience. He suggested that the sector could be entering a “supercycle” in the coming year, challenging the traditional four-year cycle framework that has guided many analysts for years. He posited that the U.S. pro-cryptocurrency stance, along with other jurisdictions following suit, could alter the macro dynamics that historically shaped price swings. This perspective sits in a broader debate about whether Bitcoin’s four-year cycle remains intact or whether structural changes in demand, institutional adoption, and regulatory clarity might stretch or redefine the cadence of price peaks and troughs. A linked analysis notes the ongoing discussion around whether Bitcoin’s cycle has truly ended or is simply evolving in response to new market realities.

Beyond market cycles, the Davos interview and surrounding coverage have underscored a tension between founders’ influence and governance agility. Zhao’s public persona—an outspoken observer who shares commentary on social platforms—serves as a reminder that the crypto landscape continues to grapple with the balance between visionary leadership and accountable stewardship. The broader ecosystem remains attentive to how Binance, as a major exchange with hundreds of millions of users, navigates regulatory expectations while maintaining its growth trajectory. A related thread in the industry conversation has focused on the impact of exchange-level decisions on liquidity, user experience, and market confidence, with observers watching how leadership transitions influence the pace of product development and strategic partnerships. A separate editorial piece has highlighted the potential wealth transfer dynamics that crypto platforms may catalyze as assets broaden their base of institutional and retail participants.

For readers seeking a closer look at BTC-specific dynamics, one recent market note highlighted the outflows from U.S. Bitcoin ETFs and the sentiment implications for crypto markets—an indicator of shifting risk appetite that traders will likely weigh alongside Binance’s evolving governance posture. The conversation around these themes remains part of the broader narrative about how major venues, policy clarity, and macro conditions intersect to shape price discovery and liquidity for the sector.

As Zhao frames his role, the conversation continues to center on what leadership means for a platform that sits at the intersection of finance, technology, and policy. His stance—to observe rather than reclaim a day-to-day leadership role—reflects a broader industry pattern where founders step back to enable institutional governance and professional management, while still influencing the discourse through public commentary and stakeholder engagement. The next chapters for Binance, and for the market at large, will hinge on how regulatory environments evolve in major jurisdictions, how user growth sustains itself, and whether the industry’s evolving narrative around cycles and adoption proves resilient in the face of shifting risk sentiment.

Verification notes: details on Zhao’s legal case and sentencing can be found in public records, and the pardon narrative has been covered in multiple outlets including coverage of the White House’s defense of the pardon. Binance’s December open letter and growth metrics are available from the company’s communications team, and Zhao’s public statements and social commentary remain accessible on his official channels. For readers looking to cross-check market commentary on ETF flows and sentiment, a recent analysis on U.S. Bitcoin ETF outflows provides context for how regulatory and investor dynamics are shaping the near-term price environment.

Sources & verification

CNBC interview clip featuring Zhao on Squawk Box and his remarks about the pardon and leadership transition.

Cointelegraph coverage of Trump’s pardon and the surrounding context for Zhao and Binance.

Binance December open letter outlining user growth to 300+ million and $34 trillion in product trading volume for the year.

Public records and reporting on Zhao’s November 2023 plea and sentencing for AML-related charges.

Davos-related discourse and the embedded tweets reflecting Zhao’s public statements during that event.

What to watch next

Follow Binance’s official updates for any changes in leadership structure or governance decisions and whether Richard Teng or Yi He announce new strategic initiatives.

Monitor regulatory developments in key markets, including any fresh guidance affecting exchanges and AML/KYC requirements.

Track Bitcoin and broader market sentiment in response to macro signals and any shifts in ETF-related inflows or outflows that could influence risk appetite.

Look for additional remarks from Zhao on social media or interviews that could signal his ongoing influence or any potential strategic advisory input.

Why it matters

For users and investors, Zhao’s stance on leadership continuity at Binance provides clarity on how governance may evolve at one of the crypto industry’s largest platforms. The decision to remain a passive shareholder rather than pursue a day-to-day role suggests that Binance’s strategic direction will be driven by a new leadership cohort, potentially accelerating product development, regulatory compliance improvements, and international expansion. The company’s reported growth metrics—more than 300 million users and trillions of dollars in annual trading activity—underscore Binance’s continued influence on liquidity and price discovery across multiple crypto markets. As governance shifts unfold, observers will assess whether the platform can sustain its growth trajectory while navigating a heightened regulatory environment that affects all major exchanges.

Meanwhile, Zhao’s public framing of a possible Bitcoin supercycle adds a diagnostic note to market expectations. The idea that a four-year cycle could be disrupted by favorable policy environments, institutional participation, and broader adoption highlights how macro catalysts interact with on-chain dynamics. If the market interprets this stance as a longer-term bullish signal, liquidity could re-enter risk assets and spur renewed interest in crypto products, including those offered by major exchanges and institutional desks. The narrative around cycles—long a fixture of crypto market lore—could shift toward a more nuanced understanding of how adoption curves, scale, and policy maturity collectively shape long-horizon price trajectories.

From a strategic perspective, the convergence of leadership transition, regulatory scrutiny, and macro sentiment means market participants should remain attentive to how Binance’s governance decisions align with industry-wide priorities, including security, user protection, and transparency. The evolving relationship between founders and professional management continues to color investor confidence and the perceived legitimacy of centralized exchanges in a landscape where decentralization and compliance are increasingly interwoven. In short, the next chapters will test whether Binance can sustain rapid growth while meeting heightened regulatory expectations and continuing to serve as a cornerstone of liquidity for the broader crypto ecosystem.

What matters is not only the actions of Binance’s leadership but also how the market interprets policy signals and corporate governance developments in the months ahead. As the sector seeks clearer rules, demonstrated governance discipline and steady growth will be critical to maintaining trust among users, traders, and institutional participants alike.

This article was originally published as CZ Won’t Return to Binance, Eyes Bitcoin Supercycle Boom on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

The Financial Conduct Authority is moving into the final phase of its crypto-regulation drive, inviting industry participants to comment on a package of 10 proposals that would elevate traditional-finance standards within the UK crypto sector. The FCA described the consultation as the last step in its formal process as it advances the government’s broader crypto roadmap. The proposals cover a range of areas, including business conduct standards, credit-based crypto purchases, regulatory reporting, asset safeguarding, and how retail collateral is treated when crypto is used as collateral for borrowing. The agency set a March 12 deadline for feedback, signaling a push toward a tightly regulated environment for crypto firms operating in the UK. said.

The package was first outlined in December as part of the government’s crypto roadmap, with the FCA explicitly aiming to regulate crypto similarly to traditional finance. In its communications, the regulator stressed that regulation cannot eliminate risk entirely, but it can help markets operate more transparently and protect investors. The FCA emphasized that while risks remain, the intended framework seeks to balance innovation with clarity, so participants understand the risks involved when investing in crypto assets. The regulator also noted it has made “significant progress” toward ironing out regulatory details in service of the roadmap. Earlier this month, the FCA announced a timeline for crypto asset service providers to register under the new licensing regime. The agency said the application period is expected to open in September 2026, with the exact timing to be confirmed in due course. The licensing regime would tighten oversight on crypto firms and require UK authorization to operate.

Market participants will also notice that these steps form part of a broader regulatory trajectory aimed at bringing crypto activities into a framework reminiscent of established financial markets. The FCA’s consultation and the anticipated licensing regime reflect a push to create a safer, more predictable environment for both consumers and businesses, even as the government continues to refine its approach to crypto regulation.

Key Takeaways

The FCA is seeking feedback on 10 crypto regulatory proposals, marking what it calls the final step of its consultation process. The deadline for submissions is March 12.

The proposals touch on a spectrum of issues, including conduct standards for firms, credit-based crypto purchases, regulatory reporting requirements, safeguarding of assets, and the treatment of retail collateral for crypto-backed lending.

The package builds on an earlier December outline that framed crypto regulation as a matter of traditional-Finance parity, aiming for an open, sustainable, and competitive market.

Under the government’s crypto roadmap, crypto asset service providers would need FCA authorization to operate in the UK, with the licensing regime’s application period expected to open in September 2026.

The FCA has signaled progress in finalizing regulatory details, though the exact timeline will be confirmed as the process advances.

Sentiment: Neutral

Price impact: Neutral. The Regulatory process is formalizing expectations, but has not yet produced a market-moving policy shift.

Trading idea (Not Financial Advice): Hold. The upcoming licensing regime and clear regulatory expectations could improve long‑term visibility for UK crypto firms.

Market context: The move reflects ongoing global regulatory tightening around crypto, with jurisdictions seeking to harmonize oversight of digital assets with traditional finance. The UK’s approach aligns with a broader trend toward formal licensing, transparent reporting, and consumer safeguards that can influence liquidity and risk sentiment across crypto markets.

Why it matters

The FCA’s latest round of rulemaking sits at the core of the UK’s attempt to strike a balance between encouraging innovation in the crypto sector and protecting investors. By seeking feedback on 10 concrete proposals, the regulator is inviting industry players to help shape the specifics of conduct standards, safeguards, and reporting requirements that will guide firms operating in the UK’s digital-asset space. This process is a bellwether for the level of regulatory clarity investors can expect as the government’s crypto roadmap progresses.

For firms building or operating crypto-asset services in Britain, the implications are practical and immediate. The licensing regime, once implemented, would impose a standardized authorisation bar for market participants, potentially elevating barriers to entry but also creating a more predictable regulatory environment. In practical terms, authorization would be a prerequisite to operate within the UK, aligning firms with a more centralized set of rules and reporting obligations. This could influence where firms choose to base their operations and how they structure their compliance programs.

From a consumer-protection perspective, the proposed rules aim to improve protections around asset safeguarding and the use of crypto as collateral for lending. By clarifying responsibilities for safeguarding customer assets and setting boundaries on credit-based crypto purchases, the regime seeks to reduce misalignment between offerings and actual risk exposure for retail participants. The FCA’s emphasis on risk literacy—acknowledging that regulation cannot eradicate risk—also underscores a broader regulatory philosophy: foster responsible innovation by ensuring investors understand the trade-offs involved when engaging with crypto products.

For the broader market, these steps contribute to a clearer UK regulatory stance at a time when institutions and retail investors alike seek greater certainty. The government’s roadmap continues to unfold, with the licensing timeline pegged to September 2026, a milestone that market participants will monitor closely as they evaluate product launches, partnerships, and cross-border operations. The FCA’s ongoing dialogue with stakeholders, including references to “open, sustainable and competitive crypto markets,” signals an intent to create a framework that can support legitimate innovation while curbing misconduct and systemic risk.

What to watch next

March 12, 2026 — Deadline for feedback on the 10 proposed crypto-asset regulatory rules.

September 2026 — Anticipated opening of the licensing regime’s application window for crypto asset service providers.

Ongoing regulatory detailing — The FCA has indicated that the exact timeline and final rules will be confirmed as the process progresses.

Government roadmap updates — Additional steps in the UK crypto strategy may follow the current consultations and licensing framework.

Sources & verification

FCA press release: FCA seeks feedback on further rules for cryptoasset firms (official statement outlining the final consultation phase and March 12 deadline).

FCA licensing timeline reference: The FCA’s discussion of a September 2026 start for the licensing regime and the need for authorization to operate in the UK.

Background context: December outline of crypto regulatory proposals and discussions about regulating crypto similarly to traditional finance.

What the announcement changes

The FCA’s push to finalize a 10-proposal package signals a shift toward more formal governance for crypto businesses in the UK. If the proposals are adopted, firms operating in or entering the UK market would face standardized conduct requirements, clearer reporting obligations, and defined safeguards, along with rules governing the use of crypto as collateral for lending. The licensing regime would require firms to obtain FCA authorization to operate, helping the watchdog monitor risk and ensure compliance. The combination of consultation, deadlines, and licensing readiness forms a cohesive framework intended to foster a more transparent and accountable crypto ecosystem in the UK.

What to watch next

March 12: Submissions deadline for feedback on the 10 proposals.

September 2026: Expected opening of the licensing application window for crypto asset service providers.

Regulatory decisions: Potential publication of final rules and disclosures as the government’s crypto roadmap progresses.

Tickers mentioned:

This article was originally published as UK FCA Launches Final Crypto Rules Consultation on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Gold surges to multi-decade highs as geopolitical risk and tariff tensions fuel a metals bid, while Bitcoin drifts lower in a widening gap with traditional safe havens. Prices for gold topped the $5,000 level, climbing to a record around $5,080 on Monday after a robust year-to-date rally of roughly 17%, according to Gold Price data. Traders cited renewed concerns about a looming US government shutdown and escalated tariff threats as key catalysts. The contrast with crypto markets was striking: Bitcoin (CRYPTO: BTC) traded near the high $80,000s after a daily dip, underscoring a growing disconnect between gold’s established safe-haven appeal and crypto’s more fragile momentum in the current macro environment. Meanwhile, silver surpassed $107 per ounce for the first time in history, highlighting broad precious metals strength alongside a crypto pullback.

The price action comes as policymakers and markets wrestle with a potential stoppage of government functions at the end of the month and a barrage of tariff threats tied to U.S. trade negotiations. The Kobeissi Letter framed the press of a possible shutdown as a primary driver behind the renewed interest in metals, suggesting that uncertainty around fiscal policy tends to push money toward tangible assets with a long-standing track record of value preservation. The tug-of-war between safe-haven demand and the prospect of a more cautious risk posture in other markets has left gold pacing higher while non‑yielding assets in the crypto space have shown vulnerability to headlines and shifting risk sentiment.

In the crypto space, the divergence was pronounced. Bitcoin (CRYPTO: BTC) gave back about 1.6% on the session, retreating from earlier gains and touching a five-week low just below $86,000 on Coinbase, according to market data tracked by TradingView. The pullback comes after a period in which crypto assets had been buffeted by macro headlines and regulatory chatter, with traders reassessing the pace and durability of crypto-driven upside against a more defensive tilt in traditional markets. Ether (CRYPTO: ETH) also faced renewed pressure, with prices sliding to multimonth lows and dipping below $2,800 as risk appetite waned and momentum cooled from earlier surges. The August peak of near $4,946 now sits more than 40% out of reach, underscoring a pronounced retracement from prior highs.

The relationship between gold and crypto has become increasingly nuanced in this environment. Gold’s ascent above the $5,000 threshold and its 83% rally versus the previous year has been a clear signal of flight-to-safety dynamics that remain in play as geopolitical frictions intensify. By contrast, Bitcoin’s retreat—down roughly 30% from its October peak of about $126,000—suggests that the digital asset class remains subject to rapid shifts in sentiment and liquidity conditions, even as it continues to draw interest from traders looking for inflation hedges or portfolio diversification amidst macro ambiguity. The Polymarket wager from earlier in the year, which asked market participants to bet on which asset would first hit the $5,000 mark, underscored the speculative appetite that still surrounds both assets, even as price action diverges.

Analysts highlighted that the current climate is one of cautious positioning rather than a clear risk-on or risk-off regime. On the one hand, the safe-haven appeal of gold is palpable, with traders citing the potential for uncertainty to persist longer than anticipated. On the other hand, crypto markets are processing a mix of regulatory signals, liquidity considerations, and macro data points that can abruptly alter short-term trajectories. Jeff Mei, chief operations officer at the BTSE exchange, noted that investors are recalibrating expectations for monetary policy against the backdrop of a stronger labor market and ongoing economic expansion. His assessment pointed to a shift away from traditional Treasury instruments toward gold as a hedge, even as the Fed’s stance remained a source of debate among market participants.

The broader market context remains a mosaic of risk indicators and policy whispers. Traders are monitoring the trajectory of government fiscal standoffs, the potential for further tariff moves, and any indications that central banks will adjust policy in response to evolving growth and inflation signals. In such a climate, gold’s resilience and crypto’s volatility are not surprising. The market is balancing the appeal of a tangible store-of-value with the appetite for speculative, disruptive assets that could offer outsized upside if risk appetite recovers. As the week unfolds, the next moves in both markets will likely hinge on the day-to-day cadence of headlines and the evolving expectations for policy reaction across major economies.

What matters for users and investors is the ongoing recalibration between traditional and digital assets in times of policy uncertainty. The current setup—gold pushing to fresh highs while Bitcoin and Ether retreat—illustrates how different safe-haven narratives can coexist in a single macro snapshot. For users seeking diversification, this environment may reinforce the value of a balanced approach that weighs duration, inflation hedging, and liquidity considerations across asset classes. For builders and traders in crypto infrastructure, the takeaway is to monitor liquidity conditions and cross-asset correlations as policy signals evolve, since shifts in risk sentiment can rapidly reweight portfolios.

What to watch next
– Watch for developments on the US government funding deadline and any new tariff announcements, as these factors are likely to influence safe-haven demand and risk appetite across asset classes.
– Monitor price movement in gold, with attention to whether the metal sustains its recent breakout above $5,000 or faces renewed resistance around the $5,100–$5,200 zone.
– Track Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH) price action for signs of a sustained shift in risk sentiment or a renewed crypto rally, particularly in response to macro data or regulatory news.
– Observe central bank guidance and market expectations around rate policy, which can shape the relative attractiveness of gold versus crypto and other carry assets.
– Keep an eye on on-chain data and derivatives flows that could signal changing confidence in crypto markets as macro headlines evolve.

Sources & verification
– Gold price data confirming a record around $5,080 and the year-to-date rise; look for data on Gold Price.
– Commentary from the Kobeissi Letter on government shutdown risk as a driver for precious metals.
– Crypto price data from Coinbase and TradingView showing Bitcoin near $86,000 and Ether below $2,800.
– Polymarket event reference for the early-October bet on which asset would reach $5,000 first.
– Cointelegraph coverage of Bitcoin and Ether price action in the context of macro headlines and risk sentiment.
– Google Finance charts comparing gold and BTC price levels over a one-year window.

Rewritten article body

Gold climbs as Bitcoin drifts amid trade tensions

Geopolitical frictions and an escalating trade rhetoric have pushed gold prices to a fresh motivational crest, while Bitcoin has pulled back from recent highs as the divergence between gold and the largest cryptocurrency widens. Gold rose decisively toward and beyond the $5,000 mark, with a record-near price hovering around $5,080 on Monday, according to Gold Price data. The move comes after a roughly 17% year-to-date gain, underscoring the metal’s ongoing appeal as a hedge in uncertain times. The news and headlines around a potential US government shutdown and renewed tariff threats have clearly fed into demand for bullion, reinforcing the longstanding narrative of gold as a safe-haven anchor. The broader tone in markets remains cautious, with policymakers and investors weighing political risk against the backdrop of a resilient economy.

On the crypto side, the mood slipped as Bitcoin (CRYPTO: BTC) surrendered some of its gains, dropping about 1.6% on the session and sliding to a five-week low just under $86,000 on Coinbase. The move adds to a broader seasonality of volatility in digital assets when macro headlines loom large, and it marks a clear departure from gold’s steadfast advance. Ether (CRYPTO: ETH), often seen as the second most influential crypto market move, also faced downward pressure, dipping below the $2,800 level as market participants reassessed risk appetite and the pace of next-year crypto adoption against policy uncertainty. The earlier October Polymarket wager, which queried which asset would hit the $5,000 milestone first, underscored the speculative tilt surrounding the question of whether traditional or digital assets would lead the way in the rush to a psychological price level. The Ether rally that once hovered near all-time highs has since retraced from a peak set in August, highlighting the significant pullback from previous cycles.

Despite the mixed tone in crypto markets, the gold rally is anchored in a broader risk-off sentiment that has intensified as the possibility of a government shutdown grows more palpable. Market observers note that investors traditionally flee to tangible assets when fiscal policy becomes opaque, even as other risk assets wobble. As Jeff Mei, chief operations officer at the BTSE exchange, described, the market appears to be pricing in the odds of a continued policy stance from the Fed that supports a steadier rate environment, while the real-world risk events keep capital flowing toward bullion. The safety net provided by gold during episodes of policy and geopolitical tension remains a compelling feature for many investors seeking to preserve capital when other markets show more pronounced volatility.

In parallel, the divergence between gold and crypto suggests a shifting risk calculus. Bitcoin, while still a sizable and widely followed asset, appears more sensitive to headlines that shape risk sentiment and liquidity conditions. Bitcoin’s retreat from its earlier levels and its below-peak trajectory point to a market that remains highly reactive to the ebb and flow of policy signals and tariff news. At the same time, the durable demand for precious metals continues to reflect a wider recognition that geopolitical risk can persist beyond transient headlines, sustaining a bid that is less tied to the immediate swings in digital assets.

Silver’s burst past $107 per ounce is a quieter but telling piece of the puzzle, reinforcing the sense that a broader safe-haven complex is in play. The intricate dance between gold’s momentum and crypto’s volatility illustrates a market landscape where diversification remains essential, and where investors weigh the durability of a tangible hedge against the potential upside of blockchain-based assets in a world of policy shifts and tariff talks. As traders parse the next moves, the current setup suggests that the safer assets—gold in particular—will continue to grab the spotlight when uncertainty persists, even if the crypto space can still deliver surprises on the upside when risk conditions ease.

Looking ahead, market participants will be closely watching how the political and policy crossroads evolve. The possibility of a government shutdown, the trajectory of tariff negotiations, and any new commentary from central banks will shape both gold prices and crypto valuations in the days ahead. The current environment favors a cautious approach, where portfolio allocations reflect a balance between the safe-haven appeal of gold and the growth-oriented but volatile nature of digital assets. The dynamic underscores a broader market narrative: in times of uncertainty, there remains a place for both tangible and digital assets, each responding to a distinct set of drivers as the macro backdrop evolves.

This article was originally published as Gold Reaches Record High Above $5K as Bitcoin Falls Under $86K on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Introduction
Crypto markets erased roughly $100 billion in value late Sunday as traders priced in the risk of a partial U.S. government shutdown tied to funding for the Department of Homeland Security. The dispute in Washington intensified after a Minneapolis shooting involving federal agents, prompting Senate Democrats to signal they would block any spending package that included DHS funding unless reforms were enacted. In the meantime, data showed the broader market slipping: the total crypto market capitalization fell from about $2.97 trillion to $2.87 trillion within roughly six and a half hours. Bitcoin (CRYPTO: BTC) slipped 3.4% in the past 24 hours, while Ether (CRYPTO: ETH) declined 5.3%. Amid the selling, more than $360 million in leveraged positions were liquidated, including about $324 million in long contracts, according to market data trackers. The evolving political backdrop underscored how sensitive crypto markets remain to macro headlines and policy risk.

Key Takeaways

The crypto market cap declined by roughly $100 billion in under a day, moving from about $2.97 trillion to $2.87 trillion within six-and-a-half hours.

Bitcoin (CRYPTO: BTC) fell about 3.4% over 24 hours, while Ether (CRYPTO: ETH) declined by roughly 5.3% in the same window.

More than $360 million of leveraged crypto positions were liquidated in the period, with $324 million of that in long positions.

Prediction markets priced in rising odds of a U.S. government shutdown by the end of January, with bets around 80% on both Kalshi and Polymarket.

Political developments—ranging from DHS funding debates to broader tariff rhetoric—fed a risk-off mood that weighed on sentiment across crypto and traditional markets.

Tickers mentioned: $BTC, $ETH

Sentiment: Neutral

Price impact: Negative. The broad sell-off reflected elevated political risk and risk-off sentiment among investors.

Trading idea (Not Financial Advice): Hold. With headlines continuing to evolve, patience and risk-management remain prudent while monitoring policy developments.

Market context: The session illustrates how political risk and policy uncertainty can spill over into crypto markets, reinforcing the link between headline risk, liquidity conditions, and risk appetite in a sector still sensitive to macro drivers.

Why it matters

The weekend pullback underscores how closely crypto prices track geopolitical and regulatory headlines, especially when they touch the U.S. government’s funding machinery. The DHS funding fight sits at the intersection of security policy and immigration enforcement, issues that have historically influenced risk sentiment and capital flows across asset classes. As lawmakers volley rhetoric over DHS appropriations and ICE oversight, traders are recalibrating positions in a market that remains dominated by leveraged bets and fast-moving liquidity. The immediate consequence is a sharper pullback in the most liquid assets, with altcoins acting as attack points for broader downside given thinner order books and higher volatility during such episodes.

Market participants are also weighing broader catalysts beyond the budget debate. The same session that saw a crypto dump was punctuated by headlines such as tariff threats from U.S. leadership and intensified geopolitical tensions in the Middle East, factors that tend to compress risk appetite across risky assets, including digital currencies. In this environment, traders have turned to defensives and hedges, but even safe-haven narratives within crypto have not provided the usual insulation. The dynamics demonstrate how quickly sentiment can shift when political timelines intersect with policy decisions, testing traders’ capacity to manage leverage and maintain liquidity during stress periods.

Odds of a US government shutdown by Saturday, Jan. 31, are at 80% on Polymarket. Source: Polymarket

Beyond the immediate policy friction, investors watched the unfolding risk indicators that have become a fixture of crypto markets during episodes of instability. The last extended U.S. government shutdown—lasting 43 days—offered a test case for how digital assets respond to prolonged political gridlock. Bitcoin fell from its earlier peak near $126,080 to just under $100,000 during that period, highlighting that even major assets can experience pronounced drawdowns when confidence wavers. The broader market narrative during that time included gold outperforming digital assets, suggesting that many investors favored traditional safe-haven assets amid heightened macro and geopolitical uncertainty.

The sentiment framework at the time also reflected in the Crypto Fear & Greed Index, which dipped further into “extreme fear” as investors consolidated risk-off bets, even as some accredit opportunity for mean reversion within risk-on altcoins. This recent episode reinforces the lesson that crypto markets, despite their growth and innovation, remain highly reactive to U.S. policy signals and the political calendar, particularly when combined with leverage-driven liquidity risks.

Bitcoin’s change in price during the last US government shutdown. Source: CoinGecko

As the market digests the evolving stance in Washington, traders are closely monitoring the odds markets for any reassessment of the shutdown timeline. By Sunday, prediction markets were signaling a high probability—around 80% by January 31—reflecting a consensus that the political impasse could persist into the end of the month. This pricing reflects a mix of institutional caution and the historical tendency for policy friction to complicate asset pricing when funding bills hang in the balance.

Looking back, the combination of fiscal deadlines, immigration-enforcement policy debates, and broader macro uncertainty has created a difficult environment for risk assets. While some participants argue that such episodes eventually yield a reversion, the timing remains uncertain, and liquidity conditions in crypto markets can deteriorate quickly in the absence of clear policy resolution. In the near term, traders are likely to watch for any signs of compromise on DHS funding, as well as the evolving outlook for U.S. monetary and fiscal policy that could influence risk sentiment across asset classes.

Gold’s relative performance, historically a gauge of risk-off appetite, remains a factor to watch as a barometer against crypto’s volatility during political turbulence. The ongoing tension between risk-on and risk-off drivers ensures that price action in major crypto assets will continue to be shaped by headline-driven flows, even as longer-term fundamentals—including institutional adoption and network developments—continue to evolve behind the scenes.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

This article was originally published as Crypto Market Drops $100B as US Government Shutdown Fears Loom on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin under pressure ahead of a pivotal macro week

Bitcoin (CRYPTO: BTC) traded into Sunday’s close amid a chorus of macro catalysts that have traders weighing a potential shift in risk sentiment. Data show BTC/USD slipping around 1.6% on the day, topping out near $87,471 on Bitstamp as investors digest a slate of events that could influence liquidity and volatility through the end of January. The pullback comes as futures and spot markets brace for a string of data releases and policy decisions that have historically driven outsized moves in the crypto space.

Longer-dated risk is anchored by a combination of political and monetary headwinds. Crystallizing concerns about a possible U.S. government shutdown and ongoing debate over tariff policy have traders revisiting the notion that macro shocks could spill into crypto markets. As the Kobeissi Letter highlighted, a shutdown scenario and tariff threats were being watched closely by market participants, with the potential to amplify risk-off dynamics if equity futures fail to stabilize.

The near-term price action has also drawn attention to the balance of open interest and liquidations. In the 24-hour window, long positions dominated liquidations, with totals surpassing $250 million, according to data tracked by CoinGlass. The data suggest traders are navigating a choppy tape, where even modest shifts in macro sentiment can trigger outsized liquidations in highly leveraged segments of the market.

Against this backdrop, some analysts have sought to identify catalysts that might offer relief or an upside surprise. Michaël van de Poppe flagged a potential bullish divergence between BTC and silver on a three-day timeframe, a rare setup that could signal intensified volatility in the coming sessions. The analyst noted that after record highs in gold and silver, a divergence could reflect shifting money flows within the broader precious metals and crypto complex. Such a development could attract speculative capital back to the crypto space if the divergence proves persistent.

Market participants also kept a close eye on technical references and order-book liquidity. Traders discussed a key support level near the low $80,000s, with some arguing that a break below mid-range momentum would tilt the balance toward downside risk as traders reassess leverage and margin conditions. The broader narrative remains unsettled: a short-term bullish bounce could emerge on a favorable macro surprise, but the dominant theme appears skewed toward caution as major events loom.

In addition to macro considerations, the market continues to quantify positioning through open interest metrics and liquidity data. A notable uptick in open interest around the weekly close underscored the sense that traders were preparing for a high-volatility period. This dynamic is consistent with a market awaiting clarity on policy trajectories and economic indicators rather than committing to a directional bet.

What stands out in the current setup is the confluence of external shocks with technical dynamics. While a few analysts argue that a relief rally remains possible if macro data cools or if policy expectations shift, the prevailing tone emphasizes the risk of a renewed leg lower for BTC in the near term. The potential for a sharp move either way is heightened given the proximity of key events and the sensitivity of crypto markets to broad risk appetite changes.

Figure: BTC liquidation heatmap. Soruce: CrypNuevo/X

BTC price in focus as week’s macro slate deepens

From a market behavior perspective, traders are watching how the week’s macro agenda might shape the risk environment for cryptocurrencies. The coming days could feature a combination of U.S. macro releases, commentary from policymakers, and evolving regulatory rhetoric that collectively influence the trajectory of liquidity and risk tolerance across digital-asset markets.

As the week unfolds, observers will be looking for confirmation signals from on-chain metrics, order-book depth, and the pace of liquidations relative to open-interest development. In the near term, the price action remains sensitive to headlines and sentiment about whether the broader macro backdrop presents a net risk-on or risk-off impulse for BTC and related assets.

BTC/XAG: a potential pivot point

On a longer horizon, some traders have highlighted a possible pivot in the relationship between Bitcoin and silver. A rare bullish divergence observed on a three-day chart could imply a rotation of capital into crypto if negative macro pressures abate and risk appetite improves. This narrative is not a guarantee, but it underscores the interconnectedness of macro-complex dynamics and digital-asset prices as investors evaluate hedges and alternative stores of value.

In the background, market observers note that the Federal Reserve’s policy path remains a central determinant. The timing and magnitude of any rate adjustments feed into expectations for liquidity and leverage in crypto markets. The probability of changes to policy is continually priced in by market participants, with odds of a near-term cut frequently cited as a critical variable shaping risk sentiment.

Market context and implications

The current environment is characterized by heightened sensitivity to macro developments and policy signals. Crypto markets have shown a propensity to react to headlines that influence risk appetite, with Bitcoin often acting as a barometer for broader investor sentiment. The interplay between macro data, Fed policy expectations, and geopolitical risk can amplify price moves in digital assets, making near-term risk management particularly important for traders and institutions.

Why it matters

The week ahead matters for a wide range of market participants. Traders are calibrating exposure as macro uncertainties persist, which could lead to increased volatility and rapid repricing of risk assets. For holders and enthusiasts, the ability to navigate shifts in liquidity and leverage will influence decision-making around entries and exits. For developers and infrastructure participants, sustained volatility can affect funding dynamics, yield strategies, and risk controls within the broader ecosystem.

What to watch next

– Key macro events and policy signals that could alter risk sentiment in crypto markets.
– The Federal Reserve’s decision and accompanying communications around rate expectations.
– Developments around potential U.S. government funding decisions and tariff policy.
– Changes in open interest and liquidations as markets approach major headlines.
– Any progression in BTC’s price relationship with silver or other traditional hedges.

Sources & verification

– BTC/USD price data and intraday movements from TradingView and Bitstamp.
– 24-hour crypto liquidations data from CoinGlass.
– Market commentary and tweets from The Kobeissi Letter and Michaël van de Poppe.
– CME Group FedWatch Tool probabilities for the upcoming FOMC decision.
– Regulatory and macro context referenced in the article’s embedded links and citations.

Rewritten article body (Market reaction and key details)

Market reaction and key details

Bitcoin (CRYPTO: BTC) extended a slide into Sunday’s session as traders weighed a week expected to be defined by macro developments. The asset’s pullback followed a 1.6% drop on the day, with prices touching roughly $87,471 on Bitstamp, according to TradingView data. The move underscored a fragile risk stance ahead of a packed calendar that could reshape liquidity and volatility across digital markets.

In the background, investor positioning appeared to lean toward downside in the near term. Data from CoinGlass showed long liquidations dominating a broad set of liquidations in the last 24 hours, with totals exceeding $250 million. The pattern suggested a risk-off tilt as traders recalibrated leverage in response to the potential for further macro shocks and policy surprises.

Market observers highlighted the likelihood of a broad macro trigger that could intensify price action. The Kobeissi Letter framed the week as one that could confront investors with a combination of macroheadwinds—ranging from a potential U.S. government shutdown to tariff policy changes—and the Federal Reserve’s policy stance. The note underscored the sensitivity of crypto markets to political and economic developments and the potential for outsized moves as events unfold.

BREAKING: Bitcoin falls below $88,000 as $60 million worth of levered longs are liquidated in 30 minutes.

A government shutdown is now expected and President Trump has threatened 100% tariffs on Canada.

US stock market futures will open in less than 7 hours. pic.twitter.com/40GxrMdRTI

— The Kobeissi Letter (@KobeissiLetter) January 25, 2026

The broader setup included a note on impending earnings and macro releases that could set the tone for the week. The CME Group’s FedWatch Tool, cited in market commentaries, placed the odds of at least a 0.25% cut in focus for the upcoming FOMC meeting, highlighting the ongoing debate about the pace of rate reductions and the impact on liquidity conditions for risk assets. The nuanced expectation around policy kept traders on edge, even as some strategists suggested that any disappointment in data could spark renewed selling pressure in BTC.

On the technical front, traders observed a retreat from the mid-range as a potentially bearish signal for further downside. CrypNuevo, a well-known analyst, highlighted a support threshold near $86,300 as a critical line in the sand for bulls, while cautioning that a loss of momentum could invite a reversion toward the weekly low. The analyst also pointed to larger-timeframe (HTF) liquidations tilting the risk profile toward the downside in the near term, signaling that a short-term rally would likely face stiff resistance in the absence of supportive macro catalysts.

“Any short-lived pump this week is a potential short opportunity.”

Another thread of the narrative involved observations around open interest and liquidity. Several traders noted an unusual surge in open interest heading into the weekly close, a sign that market participants were positioning for a potentially volatile stretch ahead of major macro events. This dynamic reinforced the sense that BTC could exhibit amplified moves as new information arrives and risk appetite fluctuates.

Looking for a potential counterpoint, Michaël van de Poppe argued for a scenario where BTC could form a bullish divergence against silver (XAG) on the three-day horizon. The analyst suggested that a bottom signal in this metric could indicate capital rotation into other assets and a possible swing higher for Bitcoin if macro conditions stabilize. While not a forecast, the perspective added nuance to the ongoing debate about whether the market would find a bottom or another test of the lingering support around the low-80s region.

Against this backdrop, market participants remained attentive to how the macro calendar would unfold and what signals from policymakers might mean for risk assets. The Fed’s next move, federal data releases, and even international trade developments could all influence the balance of risk and reward in the crypto space over the coming days.

BTC/XAG three-day chart with RSI, volume data. Source: Michaël van de Poppe/X

This article was originally published as Bitcoin Gets Macro Boost as $87,000 Comes Into Play on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

The winter storm sweeping across much of the United States has forced adjustments in energy consumption by Bitcoin mining operators, with Foundry USA—home to the largest Bitcoin mining pool by hash power—scaling back its output by roughly 60% since Friday. The curtailment translates to a loss of about 200 exahashes per second (EH/s) of hashing power, according to TheMinerMag, and has pushed the pool’s current total to around 198 EH/s, a level that accounts for about 23% of the world’s mining capacity. The slowdown in production has coincided with longer than typical block intervals, as operators throttle activity to ease stress on electrical grids during a period of extreme weather. The episode highlights how crypto miners can function as a flexible demand side resource, potentially stabilizing grids when energy systems are stretched.

Foundry USA’s reduced output mirrors a broader pattern observed among U.S. miners amid Winter Storm Fern, which has forced a number of facilities to adjust energy usage to minimize strain on power networks. The curtailment has been reported beyond Foundry, with Luxor and other mining operators cited by TheMinerMag as implementing similar load reductions in response to stressed energy infrastructure. The weather event, which has swept across the Southeast, Northeast, and parts of the Midwest, has placed the electricity grid under heightened pressure, prompting utilities and grid operators to seek controllable load that can be brought online or taken offline in response to demand swings. The storm’s reach and the grid challenges it presents have drawn attention to the role of mining as a non-traditional load that can be managed to balance supply, especially during peak demand periods.

The dynamic at play underscores a paradox at the heart of crypto mining: while the industry is often criticized for its energy use, miners can also serve as a grid resource by adjusting electricity demand in response to grid conditions. When demand is low, miners can ramp up operations to consume electricity that would otherwise be idle; during peak demand, they can reduce or temporarily suspend activity to free up capacity for consumers. This elasticity can help prevent grid instability and reduce the risk of equipment damage from overloading infrastructure. As The Weather Channel notes, storms like Fern bring a mix of snow, ice, and freezing rain across large swaths of the country, amplifying the need for prudent energy management by industrial users, including mining operators.

The storm’s effects extend beyond energy consumption. The current weather pattern has contributed to a fragile operating environment for miners, with temporary slowdowns in hash rates and potential implications for the pace of the Bitcoin network’s block production. While hash power remains substantial on a global basis, the United States—once a major node in the mining landscape—faces ongoing adjustments as facilities respond to local conditions, including power outages and grid constraints. The Weather Channel’s radar and forecast data have documented Fern’s trajectory and the regions most affected, offering context for operators planning energy use in the near term. The broader implication is that weather-driven curtailment could influence near-term network dynamics, even as the longer-term trajectory of hash rate remains tied to market conditions, energy prices, and regulatory developments.

Figure: The Weather Channel’s radar and forecast imagery illustrate Fern’s reach and the regions most affected by the storm, providing a visual context for the energy-management decisions being made by mining operators. The storm’s footprint is expected to extend across a broad geographic area, with power disruptions affecting more than a million residents in some scenarios, according to live weather updates.

Bitcoin network health remains anchored in the fundamental economics of mining and energy availability, with public data showing how hashing power is distributed across pools and geographies. The ongoing discussions around energy consumption, grid reliability, and the capacity of industrial actors to modulate demand have become a central part of conversations about how crypto infrastructure interacts with traditional energy systems. The current weather event, while momentary in its impact on any single operator, is a practical demonstration of how miners can contribute to grid stability under duress, even as the industry faces scrutiny about energy use and sustainability in a broader sense.

What follows is a closer look at the current situation, the data behind the reported curtailments, and the implications for miners, the Bitcoin network, and energy grids.

What to watch next

– Recovery trajectory for Foundry USA’s hash power: Monitor whether the 60% decline is sustained or whether output rebounds as grid conditions normalize and facilities resume normal operations.
– Broader miner response: Track whether other U.S. pools and individual facilities remain in curtailment mode in the near term or begin incremental normalization as Fern weakens.
– Grid and policy developments: Observe any new utility or regulatory actions addressing industrial loads during extreme weather events and how such policies may affect mining operations.
– Network-level indicators: Watch for changes in block production timing and difficulty adjustments as hash power shifts occur across major pools.
– Public disclosures from pool operators: Look for official statements from Foundry USA and peers that detail the rationale for curtailment, the expected duration, and any contingency plans.

Sources & verification

– Hashrate Index pool data showing Foundry USA’s share of the global mining hashrate (about 198 EH/s, ~23% of the total).
– The MinerMag reporting on a roughly 200 EH/s decline in Foundry USA’s hashrate and the resulting ~12-minute block production period.
– The Weather Channel radar and forecast data documenting Winter Storm Fern’s reach and projected impacts on energy grids.
– Cointelegraph explainer material on Bitcoin hashrate and mining operations for context on how hashing power expresses itself across networks.

Rewritten article body: Winter storm Fern tests Bitcoin miners’ resilience and grid balancing

Winter storm Fern tests Bitcoin miners’ resilience and grid balancing

Bitcoin mining operations have once again demonstrated how energy-intensive activities can adapt when the power grid faces systemic stress. Foundry USA, which operates the world’s largest Bitcoin mining pool by hashrate, reported a dramatic pullback in its output as Fern, a severe winter storm, rolls across large portions of the United States. The company’s hashrate has declined by roughly 60% since Friday, amounting to about 200 EH/s of capacity removed from the network in a matter of days. Current estimates place Foundry USA at around 198 EH/s, a figure that still represents a substantial slice of global mining capacity—roughly a fifth of the total, according to Hashrate Index. The immediate effect on on-chain activity has included a lengthening of block times, with estimates indicating an average interval near 12 minutes as miners curtailed operations to reduce stress on the electrical grid.

The proportion of hashing power controlled by Foundry USA—nearly a quarter of the entire mining ecosystem—has made the shutdown particularly noticeable. While the precise daily fluctuations are driven by weather conditions and regional energy policies, the broader trend underscores the role of miners as a dynamic, controllable load resource. This concept, discussed by industry observers and researchers in recent years, positions mining operations as potential partners in grid management rather than as passive consumers of electricity. When demand surges or grid infrastructure is strained, miners can temporarily shut down or scale back their machines, freeing up capacity for households and essential services. Conversely, during periods of lower demand, they can optimize throughput to maximize efficiency and profitability.

The weather-driven curtailment comes amid a broader discussion about energy usage in crypto mining. Operators learned early in the season that grid operators and utilities value flexible demand that can be turned on or off in response to supply conditions. In recent days, reports from The MinerMag have highlighted how other U.S. pools, including Luxor, have also reduced activity in response to Fern. The storm’s impact is not confined to a single facility or pool; rather, it reflects a systemic challenge—how to balance the dual imperatives of maintaining secure, profitable mining operations and supporting energy infrastructure during extreme weather events.

For miners, the ability to modulate energy consumption is a form of risk management. Low demand periods can be used to bring machines online in a controlled manner, while peak demand triggers rapid deenergization to alleviate grid stress. This flexibility can be crucial when grids experience weather-related outages or equipment stress, which in turn reduces the risk of cascading failures in the power system. The Weather Channel’s live radar and forecast coverage of Fern show the storm’s expansive footprint, including intermittent ice and snowfall that complicate both residential power reliability and the operation of large industrial facilities. The well-being of the grid, in this sense, intersects with the economics of mining—an industry that has grown more integrated with regional energy markets as operators seek reliable, cost-effective power sources.

Beyond the immediate weather-driven dynamics, the episode highlights a longer-standing question about how Bitcoin’s network health and security respond to fluctuations in hashrate. The network’s hash rate captures the total computational power devoted to securing the proof-of-work protocol, and shifts in this metric can influence the time required to produce blocks, as well as the difficulty adjustment that follows. The balance between security and energy efficiency remains a central theme for an industry that continues to expand in spite of, and in some cases because of, its energy considerations. The current weather event provides a tangible case study of how major mining centers navigate energy constraints, and it raises questions about how future weather patterns and grid policies could shape mining operational decisions.

In response to Fern, Foundry USA and other pools have demonstrated a willingness to adapt quickly to environmental pressures. The rapid curtailment underscores the capacity of mining operators to act as flexible energy users, a characteristic that could become increasingly valuable as grids around the world confront more frequent extreme weather events. While the long-term implications for the Bitcoin network depend on a range of factors—including macroeconomic conditions, energy prices, and regulatory developments—the immediate takeaway is that mining operations can still function as a stabilizing load under stress while remaining resilient against sudden operational disruptions. As the storm passes and temperatures rebound, the industry will likely reassess its energy strategies, with output levels and grid interactions trending toward a new equilibrium informed by market signals and policy environments.

Why it matters

– The current curtailment illustrates miners’ capacity to operate as flexible grid resources. By modulating demand in response to grid stress, mining operations can help prevent overloads and potential outages during extreme weather events. This adaptive behavior may influence how utilities view large-scale, electricity-intensive industries and could shape policy discussions around energy usage and grid reliability.

– The episode reinforces the geographic concentration of mining activity in the United States and its exposure to domestic weather patterns and energy pricing. While Foundry USA remains a dominant player in the landscape, the incident underscores how localized conditions can impact global hashrate metrics and network dynamics in the near term.

– The situation adds to the ongoing conversation about energy efficiency and sustainability in crypto mining. As the industry expands, the ability to balance grid demand with production becomes a key differentiator for operators and a potential pathway to greater legitimacy with policymakers and the public.

What to watch next

– Short-term hash rate recovery for Foundry USA and other U.S. pools as Fern subsides.
– Any official statements from mining operators detailing the duration and rationale of curtailments.
– Updates on grid resilience measures and utility responses to industrial loads during winter storms.
– Changes in on-chain metrics such as block times and mining difficulty as hash power rebalances.

Sources & verification

– Hashrate Index pool data on Foundry USA’s share of global hashrate and current EH/s figures.
– The MinerMag reporting on the decline in Foundry USA’s hashrate and related block-time observations.
– The Weather Channel radar and forecast data documenting Winter Storm Fern’s reach and projected impacts.

Note: The disclaimer at the end of the original article remains in place to remind readers to verify information independently.

This article was originally published as Deadly US Winter Storm Disrupts Foundry USA and Other Mining Pools on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Introduction
Bitcoin (CRYPTO: BTC) has long been defended as a rules-based monetary system, insulated from the whim of developers. In a recent online post, Michael Saylor, co-founder of Strategy, a Bitcoin treasury firm, argued that the network’s greatest risk lies not in external threats but in “ambitious opportunists” pressing for protocol changes. The exchange spurred a broader debate about how far the core protocol should evolve, pitting proponents of a rock-solid, ossified ledger against developers who want to expand Bitcoin’s features without compromising its security guarantees. The discussion comes amid ongoing conversations about non-monetary data on the chain—ranging from NFTs to on-chain images—that some see as potential use cases and others view as a distraction from Bitcoin’s primary purpose. The dialogue underscores a fundamental tension within the ecosystem: should Bitcoin remain narrowly focused, or should it evolve to address new realities without sacrificing its core properties?

Key Takeaways

The debate centers on whether Bitcoin should ossify to preserve sound money or gradually incorporate features that enable non-monetary data and on-chain storage.

Several prominent figures have weighed in, including Saylor, Bechler, and Mert Mumtaz, highlighting a spectrum of views on how to balance security with innovation.

Quantum risk remains a point of contention, with some warning of future threats and others arguing that the network’s price and security dynamics are not yet driven by such concerns.

Bitcoin Improvement Proposal 110 (BIP-110) is referenced as a temporary mechanism to filter non-monetary data, illustrating the ongoing spam wars and data management challenges on the network.

The discourse reflects broader questions about governance, developer incentives, and the pace at which the protocol should adapt to emerging technologies.

Tickers mentioned: Bitcoin (CRYPTO: BTC)

Sentiment: Neutral

Price impact: Neutral. The conversation signals theoretical risk discussions rather than immediate market moves.

Trading idea (Not Financial Advice): Hold. The debate centers on governance and security trade-offs rather than near-term catalysts.

Market context: The exchange-trade between hardening the protocol and enabling new capabilities sits within ongoing debates about crypto governance, scalability, and risk management as macro and regulatory developments shape risk appetite for digital assets.

Why it matters

The core of the discussion is governance—how Bitcoin should evolve without compromising its foundational properties. Michael Saylor’s framing positions the risk as a governance and philosophy issue: are “ambitious opportunists” pushing for changes that could alter Bitcoin’s monetary characteristics, or can the network absorb selective upgrades that expand functionality while preserving decentralization and censorship resistance? This line of thought has long circulated among Bitcoiners who fear that rapid feature creep could open doors to unintended consequences, including new attack vectors or shifts in the network’s incentive structure.

On the other side, developers and proponents for extended capabilities argue that carefully designed enhancements can make Bitcoin more resilient and useful in a broader ecosystem. The debate touches on topics such as quantum-resistant wallet addresses and on-chain file storage, which some see as practical extensions of Bitcoin’s resilience and uptime. The discussion is not merely theoretical; it has real-world implications for how miners, node operators, and developers allocate time and resources. The tension was underscored by references to Bitcoin Improvement Proposal 110 (BIP-110), a tool discussed as a means to filter out non-monetary data and reduce spam in the legacy ledger. While BIP-110 represents a targeted compromise, it also highlights the broader concern about data management and the potential impact of non-monetary data on block space and security assumptions.

The quantum angle adds another layer of complexity. Some observers believe the emergence of quantum computing could threaten cryptographic foundations, while others insist that the community is already conducting defensive research and that notable price moves are not driven by these fears. The mixed opinions reflect a crypto ecosystem that values both robust cryptography and practical, incremental improvements. The discourse also shows the influence of prominent voices in the space, from investors to developers, each offering different prioritizations for Bitcoin’s trajectory. The debate is ongoing, with no consensus in sight about the optimal balance between a hardened base protocol and strategic feature additions.

Related: Michael Saylor pushes back on criticism of Bitcoin treasury companies

The Bitcoin community continues to debate the quantum threat

Quantum computing remains a provocative topic within the Bitcoin community. Nic Carter, a partner at Castle Island Ventures, has repeatedly warned that Bitcoin must move toward post-quantum standards sooner rather than later. His position underscores a broader concern: future cryptanalytic capabilities could undermine the security of current key types if not addressed proactively. Yet not all voices share this level of urgency. Adam Back, the CEO of Blockstream, has publicly disputed Carter’s assertions, describing them as uninformed while noting that researchers are quietly advancing protective measures. He emphasizes that the community is not denying the risk but is prioritizing a careful, evidence-driven approach to defense rather than alarmist rhetoric.

Market observers have noted that such debates rarely translate into immediate price movements. Bitcoin analyst James Check suggested that concerns about quantum threats have not materially influenced BTC’s market price, pointing instead to long-term holders’ behavior as a more decisive factor in recent price dynamics. The broader takeaway is that the Bitcoin network remains in a phase of introspection about its future development path, with some advocates pushing for more aggressive upgrades and others urging deeper conservatism to preserve the protocol’s core monetary properties.

Source: Michael Saylor

The path forward for Bitcoin governance

At this juncture, the community appears to be navigating a fault line that runs through Bitcoin’s governance framework. On one side are voices urging a form of protocol ossification—maintaining a certifiably scarce, predictable rule set that prioritizes security and monetary integrity. On the other side are developers and researchers who argue for prudent, well-vetted evolutions that can harden the network against future threats and broaden its functional envelope—without compromising decentralization or trustless security. The conversation is not about rejecting enhancements outright; it is about attaining a shared understanding of risk, trade-offs, and the conditions under which upgrades should be pursued.

As this debate unfolds, observers emphasize the importance of transparent research, documented proposals, and clear governance signals. The Bitcoin network operates through a distributed consensus model, and any meaningful change requires broad participation across developers, node operators, and miners. The outcome of these discussions will influence everything from on-chain data practices to potential upgrades that address security and scalability. In the meantime, the ongoing dialogue serves as a barometer for how the community weighs new technologies against a proven, austere monetary system that has operated for over a decade without a centralized authority.

What to watch next

Progress on BIP-110 and any subsequent data-management proposals within the Bitcoin community.

Public statements from Saylor, other Bitcoin proponents, and key developers regarding the balance between protocol rigidity and feature expansion.

Advances in research related to post-quantum cryptography and any practical implementations considered for Bitcoin’s stack.

On-chain data discussions around spam, non-monetary data, and the potential impact on block space and fees.

Regulatory and market responses to the broader debate on Bitcoin governance and future upgrades.

Sources & verification

Michael Saylor’s X post invoking concerns about “ambitious opportunists” and protocol changes.

Statements from Mert Mumtaz on the Bitcoin evolution debate.

Adam Back’s response to the quantum threat debate and his comments on ongoing defensive research.

References to Bitcoin Improvement Proposal 110 (BIP-110) and discussions about spam filtering.

Coverage of quantum-related concerns and the macro context surrounding Bitcoin’s governance discussions, including related Cointelegraph reporting and on-chain discourse.

Key figures and next steps

The conversation is likely to continue as stakeholders weigh the potential benefits of upgrades against the axioms of Bitcoin’s monetary policy. As the community pushes for clarity on governance processes and the timing of any changes, users should monitor official discussions, developer notes, and consensus signals from major participants. The coming months may reveal a more defined stance on whether Bitcoin should embrace broader data usage, how to address the looming quantum threat, and what kinds of upgrades, if any, will be deemed acceptable without eroding trust in the network’s monetary characteristics.

What it means for users and developers

For users and builders, the debate highlights the practical implications of protocol choices. Security remains a primary concern, but the possibility of enhanced features—if implemented with rigorous testing and broad consensus—could expand the ecosystem’s capabilities without sacrificing the properties that have driven Bitcoin’s growth. The path forward will require ongoing dialogue, transparent governance, and a commitment to keeping Bitcoin resilient against both present and future threats.

This article was originally published as Saylor: Opportunists Pushing BTC Changes Are Bitcoin’s Biggest Threat on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.