BitMine Immersion Technologies, one of the largest publicly recognized holders of Ethereum (ETH), is currently struggling with unrealized losses of almost $7 billion due to the recent crypto market downturn, which has pushed its Ethereum treasury significantly into the red. The company’s Ether position, acquired at an average price of
The crypto market has already lost about $400 billion in value over the last ten days, with roughly $800 million being liquidated in the last 24 hours, as the major cryptos, such as Bitcoin, Ethereum, and leading altcoins, have continued to suffer severe losses. In this market situation, Raoul Pal,
Crypto investment products witnessed a continued sell-off in the last week, followed by the weakening of investor sentiment. Due to this, the investors witnessed two consecutive weeks of outflows. Crypto exchange-traded products (ETPs) noted around $1.7 billion in outflows in the same week, as reported by CoinShares on February 2.
Ripple has officially secured an Electronic Money Institution (EMI) license from the Luxembourg financial regulator. This makes the major shift for Ripple to expand its regulated payment and digital asset service throughout Europe. The license was granted by the Commission de Surveillance du Secteur Financier, converting the preliminary approval issued
Johnny Ng, a Hong Kong lawmaker and a strong supporter of Web3 and digital assets, says that Hong Kong is not trying to “Beat” other countries in crypto; instead, it can act as a global connector between crypto markets and traditional finance across the U.S., Europe, and China. Ng says
Nomura Holdings will cut its risk exposure to the crypto market after it posted lower fourth-quarter profits. The decision is a sign that Nomura is not withdrawing from the crypto market. The company aims to stabilize its profits during a volatile market. Analysts followed this news in conjunction with reports
The crypto market woke up to a 4.52% slip, pushing the market cap toward $2.54 trillion. With the bearish presence, the majority of the digital tokens have charted in the red zone, including Bitcoin (BTC) and Ethereum (ETH), currently hovering at $75.3K and $2.1K. At the same time, World Liberty
A whale wallet has just added over 14k ETH to their holdings. This is the second transaction in less than 6 hours. The move comes at a time when every crypto price is seen declining, with the trajectory led by BTC. It is speculated that crypto selling may continue or
MicroStrategy, now operating under the name Strategy, hinted that it purchased more Bitcoin after a sharp weekend market crash. The signal came through executive commentary and social media cues that closely followed Bitcoin’s rapid price drop. This is in line with the company’s strategy of purchasing during volatile periods instead
The 2026 Budget for the Union in India retains the same tax treatment for cryptocurrencies, no exemptions or changes, and increases penalties for non-reporting of virtual digital assets. In the Finance Bill introduced by Finance Minister Nirmala Sitharaman, new provisions under Section 509 of the Income-tax Act, 2025, are introduced.
