KADG - World

📅 February 12 - United States | Crypto giant Coinbase felt the impact of the bear market once again. After a solid third quarter, the company closed the fourth quarter of 2025 with a surprising net loss of $667 million, a sharp reversal from previous gains.

📖The company reported $1.8 billion in total revenue, a 5% decrease compared to the previous quarter. Transaction revenue fell 6% to $983 million, while the subscriptions and services segment declined 3% to $727 million.
The decline was largely attributed to losses related to its digital asset portfolio and other strategic investments.
The context didn't help. Towards the end of the year, the crypto market lost approximately $1.1 trillion in capitalization, a decline of nearly 25%. So far in 2026, another $700 billion has evaporated, deepening the pressure on exchanges and companies linked to the sector.
In detail, retail transaction revenue fell 13%, driven by increased use of advanced trading tools with lower fees and the expansion of Coinbase One.
Institutional spot trading volume also declined, although institutional revenues grew thanks to the dynamism in derivatives, including the recent integration of Deribit. One positive point was the stablecoins business: USDC-linked revenues grew 3%, reaching $364 million, supported by record average balances within the platform.
Despite the adverse quarter, Coinbase ended the year with $11.3 billion in cash and equivalents, and continued to buy back shares, accumulating around $1.7 billion in buybacks through early February.
Meanwhile, the company continues to expand its vision of the so-called “Everything Exchange”, incorporating stock and ETF trading, US prediction markets, stablecoin payment infrastructure, and a greater focus on derivatives.

Topic Opinion:
Coinbase is heavily dependent on volume and volatility. When the market cools, revenue contracts rapidly. But it is also true that the company maintains a solid liquidity position and continues to diversify its offerings.
💬 Do you think Coinbase can sustain its model in a prolonged sideways market?

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#coinbase #CryptoMarket #bitcoin #USDC #CryptoNews $BTC $USDC

📅 February 12 - London / United States | Crypto optimism is faltering once again. Global bank Standard Chartered has adjusted its forecasts again and now anticipates a final capitulation scenario in the coming months. According to Geoffrey Kendrick, head of digital asset research at the bank, the market has not yet bottomed out and could face one last wave of selling before regaining momentum toward the end of the year.

📖The target of $100,000 for BTC by the end of 2026 represents another downward revision from previous estimates of $150,000 and, before that, $300,000. For ETH, the forecast dropped to $4,000 from $7,500.
Forecasts were also adjusted for other cryptocurrencies: Solana to $135, XRP to $2.80, BNB to $1,050, and Avalanche to $18, in what Kendrick describes as “mark-to-market” adjustments aligned with the weakness of BTC and ETH.
The bank attributes this pessimistic outlook to several factors. One key factor is the behavior of Bitcoin ETFs, whose holdings have decreased by almost 100,000 BTC since their peak in October 2025.
Many institutional investors bought an average of around $90,000 and are currently facing unrealized losses, increasing the likelihood of further selling in the short term.
The macroeconomic environment isn't helping either. With mixed economic data in the US and no clear expectations of rate cuts until after a possible change in the Federal Reserve chairmanship in June, the flow of capital into risk assets could remain limited. This context complicates the entry of new funds into the crypto market.

Topic Opinion:
Bearish projections can generate fear, but also strategic opportunities for those who understand volatility as part of the process. The key is not to predict every move, but to manage risk, liquidity, and expectations.
💬 Do you think we'll really see BTC at $50,000 this year?

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#bitcoin #Ethereum #StandardChartered #BTC #CryptoNews $BTC $ETH

📅 February 11 - United States | The exchange platform Paxful Holdings Inc. was sentenced to pay $4 million after federal prosecutors concluded that the company benefited from serious failures in its anti-money laundering controls, allowing the movement of funds linked to fraud, prostitution, and sex trafficking.

📖According to the official statement from the Department of Justice (DOJ), Paxful allegedly promoted its lack of strict anti-money laundering (AML) controls as a competitive advantage, attracting users seeking to move funds without oversight.
Assistant U.S. Attorney A. Tysen Duva stated that the company “profited from moving money for criminals,” even knowing that these clients were involved in fraud, extortion, prostitution, and commercial sex trafficking.
One of the most serious aspects of the case involves its connection to Backpage, a website historically used by prostitution rings, including cases involving minors. Between 2015 and 2022, transactions related to Backpage and another similar portal allegedly channeled approximately $17 million in Bitcoin from Paxful wallets to these sites.
According to prosecutors, the platform earned at least $2.7 million in profits from this activity. Internally, the founders even referred to the growth driven by this flow as the “Backpage Effect”.
The legal troubles accelerated in recent years. In 2024, co-founder Artur Schaback pleaded guilty to failing to implement an effective anti-money laundering program and falsely claiming that the platform did not require Know Your Customer (KYC) processes.
Subsequently, in December, the company itself pleaded guilty. Paxful had suspended operations in 2019, but the legal process continued until the penalty was determined.
Initially, the DOJ proposed a fine exceeding $112 million. However, after an independent financial analysis, it was determined that the company lacked the capacity to pay that amount, reducing the penalty to $4 million.

Topic Opinion:
Decentralization is not synonymous with a lack of accountability. Platforms that operate with digital assets must understand that the lack of AML and KYC controls is not a business advantage, but a legal time bomb.
💬Do you think the fine was sufficient considering the amounts involved?

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#aml #bitcoin #Justice #BTC #CryptoNews $BTC

📅 February 11 - United States | Crypto regulation in the United States is once again at the center of a political storm. In a tense hearing before the House Financial Services Committee, SEC Chairman Paul Atkins was pressed by Democratic lawmakers about the dramatic drop in enforcement actions against digital asset companies and President Donald Trump's growing ties to the sector.

📖The most direct questions focused on two decisions: the pause in the case against Justin Sun, founder of Tron, and the withdrawal of the lawsuit against Binance. The SEC had accused Sun in 2023 of orchestrating the unregistered sale of crypto securities and manipulating trading volumes.
In February 2025, the agency requested a stay of proceedings to explore a potential settlement. Since then, Sun has become a major investor in crypto projects linked to Trump, committing millions of dollars.
In the case of Binance, the agency dropped its lawsuit in May 2025, already under Atkins' leadership. The SEC had sued the exchange in 2023 for offering unregistered services and misrepresenting internal controls.
That same year, Binance and its CEO Changpeng Zhao pleaded guilty to violations of the Bank Secrecy Act and agreed to pay more than $4 billion to settle a Justice Department investigation. Subsequently, Trump granted Zhao a pardon.
Adding to this was another controversial element: a stablecoin launched by World Liberty Financial, a crypto company linked to Trump, was allegedly being used by an Abu Dhabi investment fund in its $2 billion investment in Binance. Congressman Stephen Lynch questioned how these transactions could occur without additional enforcement actions and warned of the “reputational damage” the SEC faces.
The numbers fuel the controversy. According to Cornerstone Research, SEC compliance stocks fell 30% in 2025 compared to the previous year. In the crypto sector, the drop was even more pronounced: 60% fewer cases, signaling a clear change in priorities. While adjustments are common during leadership transitions, the magnitude of the decline caught the attention of lawmakers.
Atkins defended his management, asserting that the agency maintains a “robust” enforcement effort and that he has not received pressure from the president, his family, or members of the White House to initiate or halt investigations. He answered “no” when asked directly if there had been any interference.

Topic Opinion:
Regulation must not only be clear, it must also appear impartial. Institutional trust is as valuable an asset as any token. If the market perceives favoritism or ambiguity, volatility will not only affect prices, but also credibility.
💬 Do you think the SEC is softening its stance to encourage innovation?

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#SEC #TRUMP #Binance #JustinSun #CryptoNews $BTC $WLFI $TRUMP

📅 February 10 - Global / DeFi | In an unexpected turn for the crypto ecosystem, Hyperliquid stopped being seen only as a digital derivatives exchange and was transformed, in a matter of days, into a true multi-asset trading layer. The trigger was not bitcoin or ethereum, but the historical volatility of gold and silver, which led traders around the world to seek quick exposure to precious metals through permissionless perpetual markets.

📖TradeXYZ, the main market deployer in HIP-3, which concentrates close to 90% of the total volume. Silver perpetuals alone generated $4.09 billion that day, equivalent to 68% of all activity on the protocol.
The reason: while metals were breaking records - gold exceeding $5,000 per ounce and silver crossing $100 - traders found in Hyperliquid an agile way to speculate outside traditional markets.
But the euphoria was short-lived. Days later, both metals suffered historical corrections of 20% and 30% in a single day, shaking leveraged positions and reducing open interest from a record of $1,060 million to a current $665 million, still 88% above the previous month. Before the crash, TradeXYZ accounted for 87% of total OI.
Despite the blow, the structural effect is already marked. Gold and silver became among the five most traded instruments on Hyperliquid, changing the narrative of the protocol towards an environment where not only cryptoassets are traded, but also indices, stocks and commodities.
A fact that illustrates the magnitude of the phenomenon: the volume in the gold and silver markets in HIP-3 came to represent close to 1% of the volume of COMEX, the largest metal derivatives exchange in the world. For a DeFi protocol that is months old, the comparison is compelling.

Topic Opinion:
The border between DeFi and traditional financial markets is blurring at a rapid pace. The demand is no longer just crypto; It is access, speed and freedom to operate any asset.
💬 Do you think on-chain derivatives can compete with traditional exchanges like COMEX?

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#Hyperliquid #BTC #GOLD #Silver #CryptoNews $BTC $PAXG

📅 February 10 - Singapore / United States | Canaan, one of the historic manufacturers of bitcoin mining equipment, has just starred in one of the most striking turns in the sector in recent years. In a context of volatile prices, regulatory pressure and increasingly tight margins, the company surprised by reporting an explosive rebound in revenue during the fourth quarter.

📖During the fourth quarter, Canaan reported more than $196 million in revenue, a jump of 121% year-over-year and its best quarterly performance in three years.
The main driver was the sale of mining machines, with the record shipment of 14.6 exahashes per second, driven especially by large orders from North America, a region that continues to invest in mining infrastructure despite the bearish cycle.
At the same time, the company's own mining operation generated $30.4 million, after extracting 300 BTC in the quarter. The key data is the implied price: around $101,000 per bitcoin, well above current levels. Since then, BTC has fallen by around 32%, settling at around $68,000, which directly hit the book value of its reserves.
And there the crack appears. Despite the growth in sales, Canaan recorded a net loss of $85 million, greater than the previous quarter. The main cause was the valuation losses of their cryptocurrency holdings, an increasingly visible risk for companies that keep BTC on their balance sheets.
The bitcoin accumulation strategy remains strong. At the end of December, Canaan held approximately 1,750 BTC and 3,951 ETH, valued at approximately $165 million.
In January, the company mined 83 additional BTC, raising its reserves to 1,778 BTC, also supported by the conversion of stablecoin income into bitcoin. Today, Canaan ranks 38th among public companies with the largest BTC holdings, according to BitcoinTreasuries.

Topic Opinion:
Uncontrolled growth is no longer enough. Surviving involves managing risks, diversifying income and understanding that holding bitcoin on balance is as powerful as it is dangerous.
💬 Do you think mining companies should continue accumulating BTC on their balance sheets?

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#bitcoin #Canaan #CryptoMining #BTC #CryptoNews $BTC

📅 February 9 - United States | Tensions between prediction markets and state regulators escalated to a new level when Polymarket filed a federal lawsuit against the state of Massachusetts, arguing that states lack the authority to regulate these types of event-based contracts.

📖 For state regulators, these products look too much like sports betting; for the platforms, they are derivatives regulated by the CFTC.
The immediate spark was a Massachusetts judge's ruling last month against rival platform Kalshi, determining that it could not allow state residents to trade contracts on sporting events without a state gaming license.
The decision backed up the position of Attorney General Andrea Joy Campbell, who characterized such operations as unauthorized sports betting. When Kalshi asked to stay the order while it appealed, the court denied and gave it 30 days to comply. That precedent set off alarm bells in the industry.
Massachusetts isn't alone: ​​Nevada has also taken similar steps against Kalshi, Polymarket, and partners that offer sports-linked contracts, while Coinbase faces state litigation over comparable event contract products.
However, the legal landscape is not uniform. In January, a federal judge temporarily blocked Tennessee from enforcing a cease and desist order against Kalshi, ruling that it must first be determined whether federal commodities law takes precedence over state regulations.
It is in this context that Polymarket decided to go on the offensive, taking the case to a federal court and arguing that Congress has already defined the jurisdiction: these contracts are subject to the CFTC.
The dispute also comes at a key political moment: the CFTC recently withdrew a Biden-era proposal that would have banned certain political contracts and eliminated guidance related to sports contracts, signals that many interpret as a shift toward a more pro-industry stance.

Topic Opinion:
It's not just about betting or derivatives: it's about who has the authority to define the limits of financial innovation. If the states prevail, we'll see a regulatory patchwork that could fragment these markets; if the federal approach wins, it will open the door to clearer national expansion.
💬 Do you think these markets are betting in disguise or genuine financial instruments?

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#Polymarket #CFTC #BTC #PredictionMarkets #CryptoNews $BTC $USDC

📅 February 9 - United States | In a move that surprised the market over the weekend, Cango (NYSE: CANG) confirmed the sale of 4,451 BTC, a transaction settled in USDT for approximately $305 million net, intended entirely to repay a loan backed by its own bitcoins.

📖 During 2025, the company consolidated a relevant position by accumulating reserves that exceeded 7,500 BTC at the end of the year, a figure that placed it among the public miners with the greatest direct exposure to the digital asset.
However, the economics of mining became increasingly demanding: energy costs, competitive pressure, and constant price volatility forced a review of the financial structure.
It was in this context that the board approved the sale of 4,451 BTC, executed over the weekend and settled in Tether (USDT), generating around $305 million net.
According to the statement itself, all of that money was used to pay down bitcoin-backed debt, reducing leverage and improving liquidity. Based on the reported reserves at the end of 2025, the company would have held approximately 3,049 BTC after the transaction, a significant reduction that Cango describes as a “balance sheet adjustment” rather than a withdrawal from the mining business.
Simultaneously, the company revealed its plan to deploy AI infrastructure at its existing grid-connected sites: containerized modules with GPUs initially geared towards inference services for small and medium-sized businesses, with a second phase focused on developing software to orchestrate these distributed resources.
To lead this new division, Cango appointed Jack Jin as CTO, who has previous experience with large-scale GPU orchestration systems at Zoom Communications.
The move aligns with a visible trend among public mining companies like IREN, Riot Platforms, CleanSpark, Core Scientific, TeraWulf, Bitfarms, and HIVE, which are seeking to leverage their access to energy and industrial space to offer high-performance computing services.
Analysts at Bernstein and JPMorgan have noted that this “optionality in AI” is changing the way these companies are evaluated, shifting the focus from pure sensitivity to the price of Bitcoin towards the ability to generate more stable revenue.

Topic Opinion:
Selling part of the reserves to pay off debt is not a sign of weakness, but of responsible management in a volatile environment. At the same time, the leap towards AI demonstrates that the infrastructure created by miners can have a second life beyond the hash rate.
💬 Do you think this transition to AI will be the new lifeline for Bitcoin miners?

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#bitcoin #Mining #Aİ #Cango #CryptoNews $BTC

📅 February 7 - Scottsdale, Arizona | The story sounds like something out of a movie, but it happened on a residential street: Two teenagers, 16 and 17 years old, traveled over 600 miles from San Luis Obispo County to Sweetwater Ranch, Scottsdale, dressed in FedEx/UPS-style uniforms, with the intention—according to court documents—of kidnapping a family they believed possessed $66 million in cryptocurrency.

📖The case, which occurred on the morning of January 31, reveals a chilling and disturbing chain of events. The two teenagers, both from California, arrived in the neighborhood with disguises and restraint tools; Authorities found UPS and FedEx-type clothing, cable ties, adhesive tape, and a 3D-printed weapon without ammunition recovered at the scene. They forced their way in, immobilized two adults, and demanded cryptocurrency keys or transfers under the belief that the family possessed a digital fortune of $66 million.
When one of the victims denied owning cryptocurrency, the situation escalated into violence until the victim's adult son managed to alert the police. The suspects attempted to flee in a blue Subaru, but were cornered minutes later; they were arrested and taken to a Maricopa County juvenile detention center.
Court documents add disturbing details about the modus operandi: the youths were allegedly contacted by anonymous users identified only as “Red” and “8” on the Signal app, who provided them with the target address and $1,000 to purchase disguises and restraints at stores like Target and Home Depot.
They were even given instructions and an initial payment; the teenagers admitted to buying supplies and stealing a license plate to disguise their vehicle. After his arrest, the 16-year-old stated that he acted under pressure from these contacts, who he claimed were the ones who “extorted” or persuaded him to do it.
Both now face eight charges, including kidnapping, aggravated assault, and burglary; the adult also faces escape charges. They were released on bail of $50,000 and ankle monitors while the process continues, and the prosecution plans to try them as adults.
This episode fits into an alarming pattern: so-called wrench attacks —violent robberies targeting crypto owners— have increased. Researchers like Jameson Lopp documented nearly 70 attacks in 2025, up from about 41 in 2024, and this case is the first publicly recorded attack of this type in the U.S. in 2026.
Security analysts point out that data breaches and corporate leaks, such as the well-known Coinbase breach in 2025, have left personal information exploitable, while malicious actors recruit young operatives via encrypted messages. Security companies like TRM Labs warn that the actual number of incidents could be much higher, as many are simply recorded as ordinary thefts.

Topic Opinion:
The intersection of crypto and security. Digital asset holders must strengthen their data protection.
💬 Are you worried that personal information could make someone a target?

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#CryptoCrime #security #BTC #DataProtection #CryptoNews $BTC

📅 February 7 | The mining difficulty dropped by 11.16%, the largest negative adjustment since China's mining ban in July 2021. This is no minor technical detail: it's the protocol's automatic reaction to weeks of real stress, with prices plummeting, hashrate evaporating, and miners shutting down machines to survive.

📖The adjustment occurred at block 935,424, lowering the difficulty from 141.67 to 125.86 trillion, after average block times stretched to 11.4 minutes, well above the 10-minute target. Behind the move is a sharp contraction in computing power: the total hashrate fell by approximately 20% in the last month.
According to Luxor, it was lost by 11% in the last week alone, down to approximately 863 EH/s, far from the peaks near 1.1 ZH/s seen in October.
The causes. First, the price: Bitcoin plummeted more than 45% from its all-time high of over $126,000, touched around $60,000 on February 5, and rebounded to $68,800. The pressure came from high Treasury yields, persistent outflows from ETFs—which became net sellers in 2026—and a widespread “risk-off” rotation.
Second, the weather: Winter Storm Fern forced load cuts in the US, taking ~200 EH/s off the network; Foundry USA saw its hashrate drop by ~60%.
Profitability explains the rest. The hash price hit historic lows: $33.31/PH/s/day (spot) and $34.91 on average daily; the critical threshold is usually $40. Today, only the Antminer S23 is showing healthy returns; rigs like the Whatsminer M6 and Antminer S21 are bordering on or crossing into non-profitability.
With an average cost to mine 1 BTC ~ $87,000 and the spot price close to $69,000, the account does not close. To make matters worse, commissions as a percentage of miner revenue fell from ~7% to ~1% after the on-chain boom of 2024 fizzled out.

Topic Opinion:
This episode clarifies excesses and tests convictions. The network demonstrates resilience; the operators, discipline. Education, clear costs, and a long-term perspective are once again the advantage.
💬 Are we witnessing a final capitulation of miners?

Leave your comment...
#bitcoin #BTC #Mining #CryptoCycle #CryptoNews $BTC

📅 February 6 - United States | A technical proposal from the Federal Reserve has become a new battleground between traditional banks and the crypto sector. The so-called “skinny master account”, limited access to the central bank's payment systems, has sparked heated debate in public opinion: for some, it's a necessary modernization; for others, a systemic risk that breaks decades of established rules.

📖 It all revolves around master accounts, accounts that grant direct access to the Fed’s payment rails and, in practice, to the heart of dollar liquidity. Today, many entities—including crypto firms—rely on correspondent banks.
With innovation accelerating, the Fed proposed a "skinny" access model: no interest on balances, no discount window, and with operational limits. The idea, presented by Governor Christopher Waller in October, seeks to mitigate risks without closing the door to new models.
The debate erupted when nearly 30 comment letters arrived. Anchorage Digital Bank, the first crypto bank with a federal charter, supported the initiative but warned about a critical point: the overnight balance limit.
The Fed is considering a cap of $500 million or 10% of the account holder's assets. For Anchorage, this cap forces them to "sweep" funds to correspondent banks every night, reintroducing risks that the scheme intends to eliminate and weakening operational continuity.
From within the blockchain ecosystem, the Blockchain Payment Consortium —driven by foundations such as Solana and Sui— described the proposal as “overdue but necessary”.
They argue that the new legal framework for stablecoins, the GENIUS Act, requires access to central bank cash settlement to function properly. If the U.S. has already regulated it, it must now enable it.
The reaction of the community banks was much harsher. Associations in Colorado and Illinois warned that master accounts were always awarded to insured and low-risk institutions with robust supervision.
They fear unfair competitive advantages for “novel entities” and warn of harm to consumers and the system if access is expanded without the same compliance track record.

Topic Opinion:
The “skinny master account” is an imperfect but necessary compromise. If limits are set logically—especially caps—risks can be reduced today without hindering tomorrow's infrastructure.
💬 Should the Fed open the system with new rules or protect it as it has been doing?

Leave your comment...
#FederalReserve #Banking #Stablecoins #BTC #CryptoNews $BTC

📅 February 6 - South Korea | What seemed like a simple promotional event ended up becoming one of the most surreal episodes in the recent crypto market. Bithumb, one of the largest exchanges in South Korea, accidentally sent bitcoin to some users, causing a sharp drop in the price of BTC on the platform, frozen accounts, and the immediate intervention of financial authorities.

📖The incident occurred during a “Random Box” event, where Bithumb planned to give away prizes of up to 50,000 Korean won. According to local reports, some users who were supposed to receive just 2,000 won (about $1.36) ended up receiving 2,000 BTC, equivalent to approximately $139 million at the time.
The error was quickly detected by the exchange's internal system, which blocked the affected accounts and limited transactions to prevent a larger domino effect.
Although Bithumb did not disclose how many bitcoins were sent or how many accounts were affected, the impact was immediate. The BTC/KRW pair plummeted by around 15% on the exchange, an extreme anomaly compared to the global price.
Local media outlets such as the Chosun Daily reported that approximately 3 billion won were withdrawn after the bitcoin received in error was sold before the total freeze.
The company was quick to clarify two key points: it was not a hack or an external security breach, and its so-called "on-chain liquidation prevention system" prevented the price distortion from triggering further massive liquidations.
Even so, the reputational damage had already been done. On social media, several affected users reported that their accounts were blocked without prior notice, increasing the tension.
The case quickly escalated to the regulatory level. The Financial Services Commission and the Financial Supervisory Service confirmed they will open a formal investigation, classifying the incident as serious due to the potential magnitude of the damage.
Although Bithumb assured that there were no losses to customer assets, the mere fact that an operational error could move the price of Bitcoin within a top-tier exchange set off alarm bells.

Topic Opinion:
The crypto narrative often focuses on hackers and external attacks, but human and internal system errors remain one of the biggest risks. Automation without robust controls can be as dangerous as an exploit. Market maturity isn't just measured by volume or regulation, but by the ability to handle failures without jeopardizing trust.
💬 Should regulators further tighten operational controls?

Leave your comment...
#bitcoin #BTC #Bithumb #exchanges #CryptoNews $BTC

📅 February 5 - United States | Bitcoin is once again at the center of the global debate. In the midst of a battered crypto market, with falling prices and fragile sentiment, JPMorgan launches a statement that bothers many and excites others: BTC could reach $266,000 in the long term, not because of speculative euphoria, but because it is beginning to look more attractive than gold as a refuge of value.

📖Bitcoin is trading around $64,215.5, with a drop close to 12.63% in just 24 hours, while technology stocks retreat, precious metals correct and a $29 million hack to the DeFi protocol Step Finance in Solana once again shakes the confidence of the sector. Everything seems aligned against… except the long-term thesis.
The pressure began when Bitcoin fell below its cost of production, estimated by JPMorgan at $87,000. Historically, that level has functioned as a “soft floor” for the price. When it is lost, the least efficient miners are left at risk, some shut down machines and the system adjusts itself.
This process, although painful, tends to clean up excesses and redefine a new balance. It is not the first time this has happened, but it is one of the most uncomfortable for the market.
The interesting thing appears when JPMorgan compares Bitcoin to gold. Since October, gold has largely outperformed BTC, but it has also become more volatile.
That change reduced the bitcoin-gold volatility ratio to 1.5, the lowest level ever recorded. In simple terms: Bitcoin is no longer as “wild” against gold as it once was, and that makes it more attractive in a risk-adjusted comparison.
Under that framework, JPMorgan calculates that, to match private investment in gold—estimated at $8 trillion, excluding central banks—Bitcoin would need a capitalization equivalent to a price of $266,000 per BTC.
JPMorgan: it is not an objective for this year, but it is a powerful reference for the asset's structural potential if sentiment normalizes and is once again seen as a hedge against extreme scenarios.
In the short term, the outlook remains tense. Bitcoin and Ethereum spot ETFs continue to see outflows, reflecting both institutional and retail caution. Ethereum, in fact, has suffered three times more relative outflows than Bitcoin since October, evidencing the greater fragility of altcoins.

Topic Opinion:
This contrast perfectly defines the current moment. Short-term pain, long-term clarity. Bitcoin is not promising quick profits, it is directly competing with gold on the high net worth table.
💬Is $266,000 an exaggeration… or just a matter of time?

Leave your comment...
#bitcoin #BTC #JPMorgan #GOLD #CryptoNews $BTC $ETH

📅February 5 | Bitcoin is going through one of its most uncomfortable moments in recent years. After setting all-time highs near $126,000 in October 2025, the leading asset in the crypto market has entered a deep correction that can no longer be explained solely by profit-taking.

📖According to CryptoQuant, the price could head towards the $60,000 area if current conditions persist. This is not baseless fear, but rather on-chain metrics, institutional flows and technical signals that have lined up in red.
Everything began to go wrong after the liquidation event on October 10, 2025. Since then, CryptoQuant's Bull Score Index fell progressively until reaching zero, the most bearish level possible.
In parallel, Bitcoin lost its 365-day moving average on November 12, a signal that historically marks prolonged downward trends. In just 83 days, the price fell by 23%, a faster deterioration than that seen at the beginning of the previous bearish cycle.
The central problem is demand. In 2025, US Bitcoin spot ETFs were buying over 46,000 BTC. In 2026, the flow turned around: they have now sold around 10,600 BTC, creating a demand gap close to 56,000 BTC.
The retail investor has not appeared strongly either; Coinbase Premium has remained negative since October, a sign of weakness in US demand.
Liquidity accompanies this deterioration. The capitalization of USDT contracted by $133 million, the first drop since 2023, and the annual growth of Bitcoin spot demand plummeted by 93%, going from 1.1 million BTC to just 77,000 BTC in four months. For CryptoQuant, much of the momentum of this cycle is already behind us.
If the pressure continues, analysts place the next key support between $70,000 and $60,000, where the old all-time high of $69,000 and the estimated production cost between $65,000 and $70,000 meet. The $60,000 level would not be immediate, but it would be a realistic scenario in the coming months.

Topic Opinion:
This is not a moment of panic, but of discipline. Bitcoin is leaking speculation and testing real market conviction. These periods are not spectacular, but they are formative. Financial education, risk management and patience are once again the difference between surviving or disappearing.
💬Do you think Bitcoin will find a bottom before $60,000?

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#bitcoin #BTC #CryptoMarket #Investment #CryptoNews $BTC

📅 February 4 - Washington D.C. | US politics and the crypto world clashed again… and this time they did so loudly. In a tense congressional hearing, US Treasury Secretary Scott Bessent was sharply questioned by Democratic lawmakers about the links between World Liberty Financial, a crypto project associated with Donald Trump, and foreign capital from the United Arab Emirates.

📖The hearing took place on Wednesday before the House Financial Services Committee, as part of a review by the Financial Stability Oversight Council (FSOC), the body responsible for monitoring systemic risks and chaired by Bessent himself.
What wasn't on the formal agenda was the intense political scrutiny that was about to unfold.
Congressman Gregory Meeks, a Democrat from New York, was the one who lit the fuse. Meeks harshly criticized World Liberty Financial (WLFI), a crypto and decentralized finance project linked to Trump's circle, pointing to its connections with the United Arab Emirates.
The controversy intensified after a report by The Wall Street Journal, which revealed that an investment vehicle backed by Emirati Sheikh Tahnoon bin Zayed Al Nahyan secretly acquired 49% of World Liberty Financial for $500 million, just days before Trump's inauguration.
Although Trump publicly denied knowing about that investment, the timing and magnitude of the deal raised alarms in Congress. The situation worsens because World Liberty Financial is seeking a banking license and recently submitted a formal application to the Office of the Comptroller of the Currency (OCC).
For Meeks, the risk is clear: a crypto project linked to the president, with significant foreign capital, attempting to access the U.S. banking system.
The lawmaker demanded that Bessent pause any regulatory progress related to WLFI until potential conflicts of interest are investigated. The secretary's response was technical, but insufficient to calm the situation.
Bessent clarified that the OCC is an independent agency, but avoided committing to launching a direct investigation. The exchange quickly escalated, with both speaking simultaneously, until Meeks launched a direct accusation: he asked the secretary to “stop covering for the president.”
The hearing didn't stop there. The focus then shifted to Bitcoin and the Treasury's role in an increasingly politicized landscape. Congressman Brad Sherman, a California Democrat and longtime critic of cryptocurrencies, bluntly asked if Bessent had the authority to “bail out Bitcoin”, force banks to buy it, or invest taxpayer money in Bitcoin or even the so-called Trump coin.
The answer was unequivocal. Bessent stated that he has no authority to do so, neither as Secretary of the Treasury nor as Chairman of the FSOC.
He clarified that the Treasury's current role is limited to holding bitcoins seized in civil or criminal proceedings, in accordance with the executive order signed by Trump in March 2025, which established a strategic bitcoin reserve composed solely of confiscated assets, which cannot be sold.

Topic Opinion:
The Treasury is trying to distance itself, but the market understands that when cryptocurrencies enter the political arena, the rules change. There will be no state "bailout" for Bitcoin, but neither will there be absolute neutrality when interests intersect so significantly.
💬 Are you concerned about the relationship between politics and crypto projects?

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#bitcoin #WorldLibertyFinancial #TRUMP #CryptoPolitics #CryptoNews $BTC $TRUMP $WLFI

📅 February 4 | Every time Bitcoin falls sharply, the market doesn’t just look at the price: it looks at its past. And that past weighs heavily. The recent correction, which has already erased nearly 40% from the October high, has reignited one of the biggest collective fears in the crypto ecosystem: the infamous four-year cycle, that pattern that in 2018 and 2022 ended in brutal crashes and long winters.

📖Bitcoin is going through one of its most uncomfortable moments in the current cycle. According to Vetle Lunde, head of research at K33, the price has fallen by around 40% since its October peak, with an additional 11% loss in the last week alone, amidst a global environment dominated by increased risk aversion.
This type of rapid and profound movement is precisely the fuel that reignites comparisons to the great bear markets of the past.
The irony is that Vetle Lunde has been one of the most consistent critics of the rigid four-year cycle theory. In October, he went so far as to claim that this model was dead.
However, today he admits that market behavior is starting to resemble 2018 and 2022 too closely, not due to a collapse in fundamentals, but because psychology is once again taking over. Fear, memory, and the need to protect past gains are outweighing structural data.
K33 explains that this type of fear can become a self-fulfilling prophecy. When long-term investors reduce their exposure to avoid losing what they've gained, and new capital is held back, selling pressure increases.
The result is a market that behaves as if it's entering a classic bear market, even when underlying conditions are much stronger than in the past.
And therein lies the crucial difference. Unlike in 2018 or 2022, Bitcoin today has a genuine institutional base. There are billions of dollars invested in regulated products, more financial advisors with access to the asset, and traditional banks launching crypto-related services.
Furthermore, the macroeconomic environment is more favorable than before: interest rates are no longer rising aggressively, which reduces pressure on risk assets.
Another crucial point is what is not happening. In 2022, the market plummeted in a chain reaction due to forced deleveraging events: Luna, Three Arrows Capital, BlockFi, Genesis, FTX, and the structural impact of GBTC acted like dominoes. According to K33, there is no comparable systemic risk, making a prolonged 80% collapse in a single year, as in previous cycles, unlikely.

Topic Opinion:
Every generation of investors carries its scars, and Bitcoin is no exception. But while the behavior may seem similar, the structure is different. There is more serious capital, fewer hidden bombs, and a more mature ecosystem. That doesn't eliminate volatility or risk, but it does change the probabilities.
💬 Do you think the four-year cycle still prevails?

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#bitcoin #CryptoCycle #K33 #Analysis #CryptoNews $BTC

📅February 3 | Solana isn't going to explode in 2026… and that's not necessarily a bad thing. The bank lowered its price projection for SOL, but at the same time painted a much more ambitious long-term picture. The reason? Solana is leaving behind the memecoin craze to try something more serious: becoming a key network for micropayments and stablecoins.

📖According to Geoffrey Kendrick, global head of digital asset research at Standard Chartered, the recent market downturn doesn't mark the end of the cycle, but rather a necessary cleansing. For the bank, this period of stress is separating projects with real foundations from those that only lived off hype.
In that context, Solana occupies a delicate position. Standard Chartered decided to lower its 2026 price target from $310 to $250, not because the network is failing, but because its new direction needs time.
Even so, the bank maintains a very optimistic outlook for the coming years, betting that Solana could experience strong growth starting in 2027 if it manages to consolidate its new model.
Just a year ago, the story was quite different. When the bank began analyzing Solana in May 2025, almost all activity on the network was powered by memecoins.
The peak came with the launch of the Trump coin in January, when speculation completely dominated decentralized exchanges. High volume, high excitement… but little solid foundation.
Since then, things have started to change. The data shows that interest in memecoins fell and that trading began to concentrate more on SOL pairs with stablecoins. This may seem boring, but for Standard Chartered it's an important sign: Solana could be moving beyond being just a fast-track betting network and becoming a payments infrastructure.

Topic Opinion:
Solana is growing, but no longer on hype. Moving from memecoins to real payments doesn't generate explosive headlines, but it does build long-term value. In crypto, not everything that goes up fast lasts, and not everything that moves slowly fails.
💬 Will micropayments really be the future of blockchains?

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#solana #crypto #StandardChartered #CryptoNews #Stablecoins $SOL $TRUMP

📅 February 2 – New York | Attorney General Letitia James, along with four district attorneys, sent a direct letter to Democratic senators warning that the law, as currently written, leaves thousands of crypto fraud victims with virtually no means to recover their money.

📖The letter, initially revealed by CNN, was sent to Senators Chuck Schumer, Kirsten Gillibrand, and Mark Warner, and fundamentally questions the effectiveness of the GENIUS Act, signed last year by President Donald Trump.
Although the law requires stablecoins to be fully backed by US dollars or equivalent liquid assets and mandates annual audits for issuers with more than $50 billion in market capitalization, the prosecutors argue that these measures fail to address the growing use of these coins in illicit activities.
The argument is supported by data from Chainalysis, which estimates that 84% of illicit crypto volume in 2025 involved stablecoins, due to their ease of cross-border transfers and low volatility.
According to prosecutors, this reality makes USDT and USDC preferred tools for criminal networks that move faster than the legal process.
The letter notes that Tether has frozen stolen funds in some cases, but acknowledges that it has no legal obligation to do so under US jurisdiction.
The company itself responded that, not being domiciled in the U.S., it is not subject to state processes as a regulated financial institution would be, although it voluntarily cooperates with authorities.
The harshest criticism is directed at Circle. According to prosecutors, the company only freezes funds when it receives a signed court order, which in practice renders the measure useless, since by the time the order arrives, the funds have already been moved to other addresses or converted into other digital assets.
From Circle, its head of strategy Dante Disparte responded that the company complies with financial integrity standards and will continue to adapt during the regulatory phase of the GENIUS Act, defending its position of acting only under formal judicial processes.

Topic Opinion:
The discussion no longer revolves solely around how to legitimize stablecoins within the financial system, but rather who truly protects that legitimacy when fraud occurs. If issuers handling tens of billions can decide when to cooperate and when not, the problem ceases to be technological and becomes legal and political.
💬 Do you think the GENIUS Act truly protects users?

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#Stablecoins #GeniusAtc #USDT #USDC #CryptoNews $USDC $USDT

📅 February 2 | According to the investment bank TD Cowen, crypto legislation in the United States could remain stalled indefinitely if the president doesn't personally intervene to force an agreement between two sectors that, in theory, should want the same thing, but which are now more divided than ever.

📖The analysis comes from Jaret Seiberg, director of TD Cowen's Washington research group, who noted that the meeting convened today by the White House crypto czar, David Sacks, with banking groups, crypto associations, and Coinbase, revolves around the most contentious point of the bill: how stablecoin rewards should be handled.
Banks warn that allowing crypto platforms to offer returns without clear limits could drain deposits from the traditional banking system, particularly affecting community banks. From the crypto side, companies like Coinbase maintain that this issue was already discussed during the negotiations of the GENIUS Act, passed last July, and that it is now being used as an excuse to stifle competition.
However, Jaret Seiberg argues that the real debate is not whether platforms will be able to pay returns, because he considers that inevitable, but rather when they will be allowed to do so and under what level of regulatory oversight they will have to operate.
From a banking perspective, stablecoins don't yet pose a real threat to deposits until they become more widely used, and in the meantime, they compete more directly with money market funds.
But the problem doesn't end there. Jaret Seiberg warns that a division exists within the crypto industry itself. For years, legal ambiguity has acted as a barrier to entry, benefiting certain established players.
Clear legislation would allow banks, brokers, and large regulated institutions to enter the market more forcefully, increasing competition for current players.
Added to this is an even greater obstacle: Democratic support in the Senate. For the project to move forward, it would need at least 10 Democratic senators, who would demand stricter protections for investors, tougher anti-money laundering regulations, and severe rules on conflicts of interest that many crypto companies would prefer to avoid.

Topic Opinion:
The biggest barrier to crypto legislation is not regulatory, but political and strategic. There are players within the ecosystem itself who aren't in such a hurry for complete clarity, because the current ambiguity also benefits them. And on the political front, the reputational cost for Democrats of supporting a law that might appear favorable to interests close to Trump is increasingly high.
💬 Do you think Trump will actually intervene to unblock the crypto law?

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#TRUMP #Stablecoins #SEC #CFTC #CryptoNews $USDC $USD1 $TRUMP

📅 January 31
The optimism with which Bitcoin began the year evaporated in a matter of days. What appeared to be a 2026 dominated by the influx of institutional capital through Bitcoin spot ETFs ended up becoming one of the toughest months on record for these products since their creation.

📖Data from SoSoValue reveals that approximately $1.49 billion came out of US Bitcoin spot ETFs in the last week of January alone. Selling pressure intensified abruptly in the last two days of the week. $818 million in net outflows were recorded on Wednesday, the largest single-day redemption so far in 2026. On Thursday, another $510 million left the funds.
For four consecutive sessions, from Tuesday to Friday, ETFs recorded daily outflows, with only a slight respite on Monday when $7 million entered, a figure insignificant compared to the volume of subsequent withdrawals. This move pushed January's total outflows to $1.6 billion, making it the third worst month ever for Bitcoin ETFs.
The contrast with the beginning of the year is striking. In the first days of January, Bloomberg analyst Eric Balchunas pointed out that ETFs were entering the year “like a lion.” However, the end of the month showed a completely opposite behavior.
An important detail is that the exits occurred in both Bitcoin and Ether ETFs, which indicates that institutional investors were not rotating capital between crypto assets, but rather reducing their total exposure to the sector.

Topic Opinion:
The crypto market is no longer moved solely by technological narratives or its own cycles, but by institutional capital decisions that respond to macro, political and regulatory factors.
💬 Do you think ETFs are making Bitcoin stronger... or more dependent on Wall Street?

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#bitcoin #etf #BTC #WallStreet #CryptoNews $BTC