Bitcoin ETF losses hit $7B as price risks $65K, MSTR cushioned
Bitcoin reportedly pushed US spot ETF holders into $7 billion in paper losses after sliding below $80,000. Bitcoin USD briefly traded near $74,600 before bouncing toward $77,000, shaking investors who bought near the top. This drop occurred during a broader risk-off move, when stocks and crypto sold off together. After a week of heavy outflows, […]
BitMine Buys More ETH While Sitting on a $6B Paper Loss
BitMine Immersion Technologies added more ethereum last week, even though its existing stash sits deep in the red. ETH slid to around $2,280 (-2.5%), well below the company’s average entry price. This move lands as crypto markets wobble, with investors rushing to cash and gold. On paper, BitMine is down over $6 billion on its […]
American ‘Big Short’ Investor Michael Burry Warns of $1B Precious Metals Catastrophe if Bitcoin Keeps Slipping
Michael Burry, the legendary investor behind “The Big Short,” has predicted that Bitcoin’s deepening bear market could trigger a $1 billion impending catastrophic sell-off in gold and silver. “It looks like up to $1 billion in precious metals were liquidated at month’s very end as a result of falling crypto prices,” Burry said. In a […]
Bitmine Chair Tom Lee Shrugs Off ETH Treasury Losses, Asks If ETFs Should Face Same Scrutiny
Bitmine Immersion Technologies chairman Tom Lee pushed back on criticism of the company’s Ethereum treasury strategy on Tuesday, arguing that paper losses come with the territory when a public vehicle is built to mirror the price of Ethereum through a full market cycle. Lee’s comments were made in response to a social media post that […]
Dogecoin (DOGE) Rebound Stumbles, Opening Door To Another Selloff
Dogecoin started a recovery wave above the $0.1050 zone against the US Dollar. DOGE is now facing hurdles near $0.1120 and might struggle to continue higher. DOGE price started a recovery wave from $0.095 and climbed above $0.1050. The price is trading above the $0.1060 level and the 100-hourly simple moving average. There is a […]
Crypto Could Bounce Soon As Fundamentals Firm Up, Tom Lee Says
Tom Lee—long known for bullish takes—says crypto prices may be close to their floor. According to his comments on TV, he sees signs that buying pressure could return if the economic and on-chain backdrop holds. During an interview on CNBC, Lee, Fundstrat’s head of research, said the current market setup could improve as fundamentals continue […]
Ether and majors rise as bitcoin rebounds to $76,000 but the bounce may not last
Flows and on-chain data signaled defensive positioning, as crypto investment products logged $1.7 billion in weekly outflows.
PENGU Pumps While Sentiment Tanks — Early Signs of a Trend Reversal?
Pudgy Penguins has started February with an unexpected spark. While most meme coins drift sideways, PENGU has pushed higher. Price action looks calm, yet telling. Social buzz has collapsed, but buyers keep stepping in. Whales show confidence while the crowd stays quiet. That contrast feels unusual. Markets often move hardest when attention fades. PENGU now […]
Cango Inc. Announces January 2026 Bitcoin Production and Mining Operations Update
DALLAS, Feb. 3, 2026 /PRNewswire/ – Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today published its Bitcoin production and mining operations update for January 2026. Bitcoin Mining Production and Mining Operations Update for January 2026 Paul Yu, CEO […]
Crypto darknet drug kingpin Rui-Siang Lin gets 30 years
U.S. prosecutors say the Taiwanese operator of the $105 Million Incognito Market used cryptocurrency and anonymity tools before investigators tied him to the platform through domain records and digital traces.
‘Big Short’ Michael Burry flags “death spiral” after silver liquidations beat bitcoin
Tokenized silver futures logged one of the largest wipeouts across crypto markets, overtaking the usual leaders bitcoin and ether.
Vitalik Buterin Reveals Ethereum Layer 2’s New Role
Ethereum co-founder Vitalik Buterin announced on February 3 a major update to the Layer 2 (L2) ecosystem as Ethereum’s Layer 1 (L1) scales faster than expected. The change responds to slow L2 progress toward stage 2 maturity and upcoming increases in L1 gas limits projected for 2026. These developments reduce the original need for L2s