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In brief Bitcoin accounted for more than 40% of roughly $650 million in crypto liquidations over the past 24 hours, highlighting stress across derivatives markets. Some analysts say long-term holders are trimming positions as Bitcoin underperforms traditional inflation hedges such as gold. Market participants see scope for further downside, with several pointing to a potential test of the $60,000 level if the corrective phase continues. Bitcoin extended losses Wednesday evening as selling pressure resumed and liquidation activity picked up across derivatives markets, reigniting investor concerns over continued stress.While Bitcoin briefly fell beneath the $72,000 mark for the first time since…

In brief The FCC accepted SpaceX’s application to build a satellite system designed as orbital data centers and opened it for public comment. The proposal would link laser-connected satellites with SpaceX’s existing Starlink constellations rather than provide consumer broadband. The filing follows FCC approval of Starlink’s expanded Gen2 network and Musk’s push to shift AI computing off Earth. SpaceX CEO Elon Musk’s dream of turning the night sky into a massive, solar-powered brain for artificial intelligence moved a step closer to reality this week as federal regulators began reviewing a plan to launch the company’s new satellite cluster.The Federal Communications…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure BitMine chairman Tom Lee has responded to talks about the firm’s unrealized Ethereum treaury losses, arguing they are part of the design. BitMine’s Ethereum Holdings Are In Notable Loss After The Crash The digital asset sector has seen a major bearish turn over the past week and Ethereum has been among the worst-hit assets, declining by nearly 25%. A consequence of this drawdown has been that BitMine, the largest corporate holder of ETH, has witnessed its reserves go into a significant loss. BitMine is still relatively new…

In brief Anthropic’s legal AI plugin sparked an $285 billion sell-off across software and services stocks. Experts say AI agents will compress entry-level roles and push a shift away from seat-based pricing. Investors seem to be repricing SaaS as foundation model firms move into full workflow automation. Shares of several information and professional-services companies slid sharply this week amid Anthropic’s unveiling of a legal-automation tool that rattled investors’ confidence in the sector’s long-term pricing power.Thomson Reuters sank 18%, Pearson fell 7%, and LegalZoom dropped nearly 20%, as the selloff spread across software, financial services, and asset management stocks, erasing roughly…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The release of documents tied to Jeffrey Epstein by the US Department of Justice (DOJ) has sparked renewed debate within the crypto community, as newly surfaced details appear to show deeper — though still indirect — links between Epstein and some of the earliest institutions and figures connected to Bitcoin (BTC).  While none of the material provides evidence that Epstein played a role in creating Bitcoin itself, the disclosures have fueled questions about how early crypto infrastructure was funded during a critical period. Epstein’s Alleged Crypto Investments…

Ethereum co-founder Vitalik Buterin has signaled a fundamental shift in the blockchain’s roadmap that declares the era of the “branded shard” effectively over.On Feb. 3, Buterin argued that the industry’s previous “rollup-centric” vision no longer makes sense, citing faster scaling on the main Ethereum layer and the sluggish pace of decentralization among major rollups.This philosophical correction lands squarely on the Coinbase-backed Base network.Over the past years, the Ethereum layer-2 solution has grown into one of the largest consumer-facing rollups in the crypto ecosystem, with more than $11 billion in total value secured (TVS).However, Buterin’s new roadmap position calls into question…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Coinbase is facing a civil enforcement action in Nevada after state gaming regulators said the company offered event contracts that look like wagers to local users. Based on reports, the Nevada Gaming Control Board filed suit in state court asking a judge to stop Coinbase from offering these contracts inside Nevada and to grant a temporary restraining order and preliminary injunction. Nevada Files Civil Enforcement Action The complaint says Coinbase’s event contracts operate like unlicensed sports betting under Nevada law, and that the exchange did not hold…

In brief Anthropic will air Super Bowl ads parodying what an ad-supported AI chatbot might feel like. The campaign takes aim at OpenAI’s plan to introduce ads into ChatGPT’s free tiers. The move underscores a growing divide over how consumer AI assistants should be monetized. The AI arms race is heading to the Super Bowl.Anthropic, the developer behind Claude AI, is using its first Super Bowl ad buy to take a direct shot at OpenAI. In a series of commercials posted online Wednesday ahead of the big game, the company mocked OpenAI’s shift into advertising embedded inside ChatGPT, focusing on…

In brief Jeffrey Epstein and Brock Pierce exchanged emails for years. Pierce had a romantic relationship with someone described as Epstein’s assistant. Pierce and Epstein appeared reliant on each other for building connections. In November of 2017, convicted child sex offender and late financier Jeffrey Epstein informed an individual who had previously declined a marriage offer from Bitcoin entrepreneur and Tether co-founder Brock Pierce via email that it was “time to grow up.”“Plans?? Brock? Travel?” Epstein asked the person, who he had once described as Pierce’s “little” girlfriend—and his own assistant—in an email to Joi Ito, the former director of…

In brief CME Group is considering launching its own coin on a decentralized network. The exchange plans to move all crypto products to 24/7 trading in early 2026, pending regulatory approval. Crypto trading volumes hit records in 2025, with Q4 daily volume up 92% to over $13 billion. CME Group, owner of the world’s largest derivatives exchange operator by trading volume, said it’s actively considering launching its own coin and moving all of its crypto products to 24/7 trading during its Q4 earnings call on Wednesday.CME Group Chairman and CEO Terrence Duffy was responding to a question from Morgan Stanley…

In brief Shares of some prominent Bitcoin miners, like MARA Holdings and Riot Platforms, have dropped more than 10% on Wednesday. Other miners have not been spared, with CleanSpark, Hut 8, and Cipher Mining all falling at least 10% as well. Their drops come amid a massive fall from crypto’s top asset, which has now dropped nearly 20% in the last week. Shares of publicly traded Bitcoin miners are plummeting as Bitcoin marked a new 15-month low price, dipping to $72,185 on Wednesday—now down nearly 20% over the last week.Major BTC mining firms MARA Holdings (MARA) and Riot Platforms (RIOT)…

In brief Treasury Secretary Scott Bessent said the government cannot force banks to buy Bitcoin, during testimony on Capitol Hill. He defended the policy of holding seized Bitcoin, but didn’t say whether taxpayer money could ever be used to buy crypto. Bessent later got into a shouting match with Rep. Gregory Meeks (D-NY) over the Trump family’s crypto business. U.S. Treasury Secretary Scott Bessent entered a convoluted tussle on Capitol Hill Wednesday about the nature of Bitcoin, after fielding a question from a congressman about the token’s potential role in a future financial crisis.“Does the Treasury Department… have the authority…

Julio Moreno, head of research at CryptoQuant, recently declared that Bitcoin is in a bear market that could extend through the third quarter of 2026.He’s not alone. Matt Hougan at Bitwise and a growing chorus of institutional voices are using the “bear” label more freely than at any point since early 2023.Yet the same analysts often hedge with structure: many institutions are holding or adding exposure even as they acknowledge the regime shift.This creates a definitional problem. If a bear market no longer means capitulation and exodus, what does it mean?And if the famous four-year cycle is dead, as VanEck,…

In brief Bitcoin Core dev Luke Dashjr has called on Blockstream CEO Adam Back to resign following the release of Jeffrey Epstein-related documents referencing crypto figures. Back confirmed that Epstein was briefly an investor in Blockstream, but has not addressed emails referring to a potential visit from Blockstream founders to Epstein’s island. Newly released files contain hundreds of references to Bitcoin and major crypto companies, including Coinbase and Blockstream. Luke Dashjr, a longtime Bitcoin developer and early contributor to Blockstream, has called on Blockstream co-founder and CEO Adam Back to resign from his positions after newly released files connected convicted…