Gemini laid off some of its workforce, numbering up to 200 employees, and stepped back from crypto betting initiatives. The move represents a strategic shift towards reliable and sustainable sources of income at a time when cryptocurrency businesses are being tested in terms of volatility and regulation. Industry-wide belt-tightening has
Binance Co-Founder CZ, short for Changpeng Zhao, has confirmed that he is trying to make advancements for the stablecoin sector. Stablecoins hold a significant share of the crypto market’s global share. Any further advancement is likely to re-establish the stablecoin sector as a quality alternative for crypto enthusiasts. However, Brazil
As the altcoin section remains bearish, some of the coins, such as Midnight (NIGHT), Hyperliquid (HYPE) and Monero (XMR), are showing accumulation signals and catalyst-driven strength. The broader market indicated extreme fear, although capital is moving toward projects having clear development milestones or tough narratives such as privacy and decentralised
Aperture Finance suffered a security breach in specific versions of smart contracts, that results in a loss of around $3.67 million. On February 5, the Blockchain security firm PeckShieldAlert showed that the addresses believed to be the hackers had deposited 1,242.7 ETH into Tornado Cash, raising concerns. Basically, the hack
The European Central Bank is expected to leave interest rates unchanged in a regular two-day policy meeting, which was announced on Thursday. This would be the fifth consecutive meeting where the ECB leaves the rates on hold. The key rates are expected to remain at 2.15% for the main refinancing
Eleven major U.S. public pension funds are now reporting substantial unrealized losses on microcap Strategy shares linked to Bitcoin. Their combined holdings of almost 1.8 million Strategy shares are currently worth $240 million. This is down from $577 million, which indicates a substantial drawdown. Market information reveals that this represents
Shorts on ETH, SOL, and BTC recorded profits, prompting a series of reactions from the crypto market. The update comes at a time when all tokens have significantly lost their respective values over the last 24 hours. Meanwhile, a possibility is emerging amid corrections in Gold and Silver prices. Profits
The co-founder of Ethereum, Vitalik Buterin, has opposed what he mentioned as a lack of originality in the recent layer-2 and blockchain scaling landscape. As per a blog post released on February 5, Buterin mentioned that the ecosystem has now become more comfortable with rolling out similar EVM-based chains that
Most tokens are trading down today as the entire crypto market is in a bloodbath, while Tron acquired TRX tokens to increase its treasury holdings as it aims to further grow its Tron DAT holdings and boost long-term shareholder value. Also, Tron Inc’s strategic buy was supported by Justin Sun,
Spot Bitcoin exchange-traded funds saw net outflows of $545 million on the second consecutive day of withdrawals, indicating a significant change in institutional sentiment. Large investors have shown a reduction in exposure to Bitcoin while it was in a volatile market. The outflows indicate a cooling-off period for institutional investment,
