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In brief Sen. Cynthia Lummis has urged banks to “embrace” stablecoins, calling them a faster, cheaper payment rail and “an entirely new financial product” for customers. CLARITY Act talks have stalled after the Senate markup was pulled, with banks pushing limits on stablecoin rewards and warning of deposit volatility. Treasury Secretary Bessent pressed for the bill to pass, while analysts say delays raise uncertainty as stablecoins gain “strategic significance.” Senator Cynthia Lummis (R-WY) has urged traditional banks on Thursday to embrace stablecoins and view digital assets as a business opportunity, pushing back against banking industry opposition that has stalled crypto’s…

In brief IREN and CleanSpark shares fell sharply after both companies missed revenue estimates in their latest earnings reports. The results landed as Bitcoin contines its slide, amplifying pressure on publicly traded miners. Investors appeared focused on near-term execution and balance-sheet risk despite both companies’ push into AI infrastructure. Publicly traded Bitcoin miners IREN and CleanSpark saw their share prices drop sharply on Thursday, as disappointing quarterly results coincided with a broader crash across cryptocurrency markets.CleanSpark shares closed sharply lower, falling $1.95, around 19%, on the session, and were trading at $7.55 in after-hours trading. IREN shares fell $5.11, or…

In brief Bitcoin has suffered one of its steepest daily declines since 2022, extending losses from its 2025 peak. The selloff triggered more than $1.4 billion in liquidations as leverage continues to unwind across the market. Analysts told Decrypt price action meets bear-market definitions, though some see scope for a short-term technical rebound. Bitcoin’s sharp retreat from its late 2025 peak, capped by its worst single-day drop since the 2022 market crash, has reignited concerns that crypto has already entered a bear market under conventional definitions.Between February 4 and 5, Bitcoin logged one of its sharpest trading periods in more…

The price of Bitcoin crashed below $67,000 on Monday, representing its lowest level since before U.S. President Donald Trump’s electoral victory 15 months ago.As of this writing, the digital asset’s price had fallen 23% over the past week to a recent price of $66,753, according to CoinGecko. Ethereum and Solana showed greater losses, respectively diving nearly 33% to $1,936 and 30% to $84 over the same period of time.The cryptocurrencies extended losses as tech stocks wavered on Wall Street. The tech-heavy Nasdaq fell 1.6%, while the S&P 500 declined 1.2%, according to Yahoo Finance.As sentiment in the crypto market takes…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Pantera Capital CEO Dan Morehead told attendees at Ondo’s conference that sovereign competition could become the next big driver of bitcoin demand, predicting what he called a “global arms race” for BTC “within the next two or three years” as countries rethink reserve strategy in a more fractured geopolitical environment. “I would say my one very out of consensus view is I think there will be a global arms race for Bitcoin within the next two or three years,” Morehead said. “Countries like the United States are…

OpenAI and Anthropic unveiled new flagship AI models in their respective product lines within an hour of each other on Thursday, highlighting intensifying competition among leading developers to dominate enterprise software and advanced coding tools.Anthropic announced Claude Opus 4.6, touting gains in long-context reasoning and agent-based workflows, while OpenAI shortly after released GPT-5.3 Codex, a model optimized for agentic coding and software development.The near-simultaneous launches underscored how quickly rivals are iterating as companies race to secure long-term contracts with large corporate customers.Benchmark results suggested the two models are optimized for different strengths.Claude Opus 4.6 showed stronger performance on tasks tied…

In brief Bitcoin crashed below $63,000 on Thursday, while estimated mining costs range from $60K-$80K. Public miners’ production costs range from $39K (Iris Energy) to $106K (NYDIG) per BTC. The crash has triggered over $2 billion in crypto liquidations over the past 24 hours. The price of Bitcoin has plunged 50% from its October peak—and could soon sink below what it costs some miners to produce the asset, if it hasn’t already.With Bitcoin down 14% over the last day to a recent price below $63,000, a chart from BTC analysis platform Checkonchain has been making the rounds on X. It…

In brief Waymo told senators that human operators overseas provide guidance to its vehicles in difficult situations but do not control driving. Sen. Ed Markey said overseas involvement raises safety, cybersecurity, and accountability concerns. Waymo defended the practice as limited contextual assistance as Congress weighs new federal AV rules. Waymo’s claim that its vehicles operate without human drivers drew sharp scrutiny on Wednesday after a senior executive acknowledged that overseas operators help guide the company’s autonomous cars through difficult situations on U.S. streets, raising new questions about what “self-driving” really means.Testifying before the U.S. Senate Committee on Commerce, Science, and…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto pundit Stern Drew has stated that permissioned domains were the last piece Ripple needed for institutions to deploy liquidity on the XRP Ledger (XRPL). This came as he alluded to an earlier statement by the firm’s former Chief Technology Officer (CTO), David Schwartz, in which he touched on these permissioned domains and how they will boost the XRPL.  Pundit Reveals Ripple’s Last Move To Onboard Institutions On XRP Ledger In an X post, Stern Drew remarked that permissioned domains with a zk-Credential system were the last…

Binance moved 42.8% of total spot volume over the past week but absorbed 79.7% of net selling pressure across five major exchanges, according to data from Traderview.The imbalance raises the question of whether a venue needs to handle “most of the market” to set prices for the whole market.The answer is no. A venue needs to be where the market most often determines the price.Between Feb. 2 and 3, Binance recorded the largest Bitcoin (BTC) inflows of the year, with roughly 56,000 to 59,000 BTC moving onto the exchange while Bitcoin traded near $74,000, according to CryptoQuant contributor Darkfost.At current…

In brief Strategy reported a fourth-quarter loss of $12.4 billion. The company’s stock price fell to its lowest point in 18 months. Bitcoin slipped below Strategy’s average purchase price this week. Strategy announced fourth-quarter earnings against a precarious backdrop on Thursday, with losses mounting on paper for the Bitcoin-buying firm amid the asset’s latest slide.With Bitcoin changing hands around $63,000, the company faced an unrealized loss of nearly $9 billion on its holdings, which were worth around $45.4 billion. After spending $54.2 billion on Bitcoin since 2020, the asset’s price dipped below Strategy’s average purchase price of $76,000 earlier this…

In brief Bitcoin could fall as low as $38,000, according to Stifel analysts. The digital asset didn’t benefit from the dollar’s decline last year. They also said Bitcoin’s dip is “ominous” for tech stocks. Bitcoin has already tumbled far from its all-time high of $126,000 in October, but history suggests the rout could deepen before momentum shifts, according to analysts at Stifel.In a note, analysts at the 136-year-old financial services firm predicted that Bitcoin could fall as low as $38,000 in the coming months. With Bitcoin recently changing hands at $65,433, per CoinGecko, that would represent a 42% decrease from…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Only days after issuing a fresh warning to the Bitcoin (BTC) community, Michael Burry — the Wall Street investor made famous by his bet against the US housing market ahead of the 2008 financial crisis — appears, at least so far, to be proven right.  As of Thursday, Bitcoin was trading near $65,850, extending losses that have dragged the cryptocurrency down nearly 50% from the all‑time highs of $126,000 reached in October of last year.  Bitcoin Could Enter ‘Death Spiral’  In a Substack post, Burry cautioned that…

While many hyper focus on the bitcoin price and its occasional intense volatility, there is a whole cohort of Bitcoiners that are quietly building Bitcoin circular economies with deep social impact around the world, in areas where Bitcoin is a save heaven asset today, compared to the local economies and circumstances.One such company is Paystand, a B2B payments giant that has gone under the radar as a major user of Bitcoin for domestic and international corporate payments. Paystand enables companies to handle receivables, payables, expenses, cross-border payments, issue corporate spend cards, and streamlines payroll dynamics with Bitcoin-sensitive accounting software. Paystand…

In brief Predictors have swung overwhelmingly in favor of the bearish side of Myriad’s “pump or dump” markets for Bitcoin and Ethereum. The odds swings over the last week correspond with the top crypto assets’ major declines in recent days. Traders on Myriad believe the Seahawks have around a 69% chance of winning the Super Bowl this weekend. Crypto prices have seen no relief of late, with Bitcoin falling to a 15-month low and Ethereum’s losses extending to more than 60% off its August all-time high.Nevertheless, predictors on Myriad are still adamant that there will be no crypto winter. But…

In brief Shares of BitMine Immersion Technologies hit a 7-month low Thursday, falling to its lowest point since the firm announced its Ethereum treasury strategy last July. The firm’s unrealized Ethereum losses have continued to pile up, now around $8 billion as ETH trades near $1,930. BMNR is down about 11% on the day and more than 45% in the last six months. Shares in publicly traded Ethereum treasury firm BitMine Immersion Technologies (BMNR) have fallen 11% on Thursday to trade at a seven-month low price as unrealized losses from its ETH holdings purchases hit approximately $8 billion. BMNR recently changed…