Live Feed

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

According to CoinNess market monitoring, BTC has risen above $69,000. BTC is trading at $69,031.56 on the Binance USDT market.

South Korean crypto exchange Bithumb announced that an abnormal quantity of Bitcoin was distributed to some customers during an event promotion on Feb. 6. In a notice, the exchange stated that sales from some of the accounts that received the Bitcoin caused a temporary, sharp fluctuation in its price. Bithumb added that its internal control system immediately detected the unusual transactions and promptly restricted trading on the affected accounts. As a result, the market price returned to normal levels within five minutes. The exchange also noted that its domino liquidation prevention system functioned correctly, preventing any chain liquidations resulting from the price anomaly.

Whale Alert reported that 2,989 BTC has been transferred from Coinbase Institutional to an unknown new wallet. The transaction is valued at about $205 million.

Amid a sharp price correction across the cryptocurrency market, Tether CEO Paolo Ardoino posted a short video to his X account depicting an army marching into battle with shields and swords. According to U.Today, the video is being interpreted as a symbol of resilience and defense against upcoming selling pressure.

Iran has rejected U.S. demands to halt uranium enrichment or transfer its stockpile abroad during talks held in Oman, foreign media reported. However, Iranian officials signaled a willingness to continue diplomatic efforts to avoid a military attack. The discussions were conducted indirectly through Omani mediators but made little progress on core issues.

Bitfarms' stock price surged after the company shifted its identity from a Bitcoin firm to one focused on artificial intelligence (AI), CoinDesk reported. CEO Ben Gagnon stated that the company is "no longer a Bitcoin company," emphasizing that it is now an "infrastructure owner and developer for HPC/AI data centers across North America." Following the news, Bitfarms' stock rose 18%, recovering all of its losses from the previous day. The company plans to focus on building data centers for high-performance computing (HPC) and AI workloads.

Citigroup has lowered its price target for Coinbase (COIN) to $400 per share from $505, CoinDesk reported. The bank had previously raised its target to $505 last July, when COIN stock was trading near its all-time high of around $450. The report cited declining trading volumes, a slowdown in institutional investor activity, and uncertainty surrounding the timing of U.S. crypto legislation as reasons for the adjustment. It also identified progress on a bill for crypto market structure (CLARITY) as a key catalyst for a potential recovery in the stock's price. At the same time, Citigroup maintained its Buy/High Risk rating for Coinbase.

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said the Fed must not lose sight of its inflation concerns. He noted that inflation has been too high for too long and is currently stalled.

Whale Alert reported that 800,000,000 USDT has been transferred from Binance to an unknown wallet. The transaction is valued at about $800 million.

According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,033.51 on the Binance USDT market.

Sberbank, Russia's largest state-owned bank, is preparing to offer corporate loans collateralized by cryptocurrency, Reuters reported. The bank stated that there is high customer demand for such a service and that it is prepared to work with the central bank to establish a regulatory framework. Sberbank aims to provide the service not only to crypto mining firms but also to other companies holding digital assets. Previously, Sovcombank, Russia's ninth-largest bank, became the first major financial institution in the country to begin offering loans backed by Bitcoin.

Tether, the issuer of USDT, has announced a strategic investment in the t-0 network, a USDT-based payments platform. The platform provides cross-border payment services targeting licensed financial institutions. The specific investment amount was not disclosed.

TD Cowen has assessed that MicroStrategy has the financial structure to withstand a Bitcoin bear market and is well-positioned for significant upside if the market rebounds, The Block reports. In a report, the financial services firm explained that MicroStrategy's common stock is designed to rise more sharply than Bitcoin during upswings and fall more significantly during downturns. The company's core model is centered on offering a security that amplifies Bitcoin's volatility, with its common stock engineered to have approximately 1.5 times the volatility of BTC. This correlation has been consistently maintained over both the short and long term and is expected to continue as long as the company's BTC acquisition strategy persists. TD Cowen maintained its price target for MicroStrategy at $440 and projected that Bitcoin could rise to $177,000 by 2026.

China has ordered internet companies to halt the provision of services related to cryptocurrency, Walter Bloomberg reported.

BTC has reclaimed the 100 million won level on the South Korean cryptocurrency exchange Upbit.

Whale Alert reported that 237,800,000 USDT has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $238 million.

China has banned the overseas issuance of yuan-backed stablecoins that have not received government approval, Walter Bloomberg reported.

According to CoinNess market monitoring, BTC has risen above $67,000. BTC is trading at $67,014.1 on the Binance USDT market.

Danish investment bank Saxo Bank has assessed that cryptocurrencies are moving in tandem with the stock market, functioning more as risk assets than as risk-hedging instruments. The bank explained that this trend is driven by ETF outflows and fragile liquidity, which is fostering a defensive sentiment among investors.

Eurozone finance ministers plan to discuss the issuance of a euro-denominated stablecoin as a way to bolster the currency's global standing, according to Walter Bloomberg.

Whale Alert reported that 1,000 million USDT has been minted at the Tether Treasury.

BlackRock has deposited 3,948 BTC ($261.16 million) and 5,734 ETH ($11.04 million) to Coinbase Prime, according to Onchain Lens. Coinbase Prime is a prime brokerage platform that facilitates large-scale trading and custody services for institutional investors.

South Korean crypto exchange Bithumb is suspected of having accidentally deposited 2,000 BTC into each of several hundred user accounts. The incident is believed to have caused the price of Bitcoin on the exchange to plummet by over 10% compared to other exchanges at around 10:30 a.m. UTC today. According to multiple cryptocurrency communities, the error may have occurred when Bithumb intended to distribute a 2,000 won prize for a random box event but mistakenly entered the unit as BTC. Some users who received the funds reported seeing a message stating their accounts were blocked from service. Bithumb has not yet issued an official statement on the matter.

An analysis suggests that if Bitcoin fails to show a meaningful rebound within one month, it could face a structural and sustained wave of institutional selling. Ju Ki-young, CEO of CryptoQuant, made the observation in response to the daily trading volume of BlackRock's spot Bitcoin ETF (IBIT) reaching $10 billion. He argued that unless the recent sell-off was due to forced liquidations, it is unlikely that an institution would sell such a large volume at once. Ju warned that forced liquidations are dangerous in the Bitcoin market as they can create a chain reaction. He explained that if funds are liquidated and prices fall, miners could go bankrupt and even retail investors who held on would face losses. Ju stated that if a meaningful rebound does not occur from the current price levels within a month, a structural and continuous flow of institutional selling will likely follow. He added that if institutions sell off at the bottom, their return to the market is unlikely, and it would take a significant amount of time to restore market confidence.