Day: February 1, 2026

Crypto Bridge Protocol CrossCurve Exploit

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Crypto bridge CrossCurve has told users to pause interacting with its protocol while it conducts an investigation into a smart contract breach. Crypto protocol CrossCurve said its cross-chain bridge has been attacked, with reports that $3 million has stolen across multiple networks. CrossCurve posted to X late on Sunday that its bridge was “under attack, involving the exploitation of a vulnerability in one of the smart contracts used.” “Please pause all interactions with CrossCurve while the investigation is ongoing,” it added. The blockchain security-focused X account Defimon Alerts said CrossCurve…

US Winter Storm Hits Bitcoin Miner Production, Data Shows

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New data is providing a clearer picture of how January’s US winter storm affected Bitcoin mining operations, showing that daily production among publicly traded miners dropped sharply during the disruption. The storm swept across large parts of the continental United States, prompting miners to curtail operations amid grid stress, snow, ice and extreme cold, and highlighting how closely mining activity is now tied to energy market conditions. Daily production among publicly traded miners tracked by CryptoQuant typically averaged between 70 and 90 Bitcoin (BTC) in the weeks leading up to…

Bitcoin Sell-Off Pushes IBIT Investor Returns Into the Red, CIO Says

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Bitcoin’s sharp decline over the weekend has likely pushed the aggregate investor position in the largest spot Bitcoin exchange-traded fund (ETF) into negative territory, underscoring the severity of the recent downturn. According to Bob Elliott, chief investment officer at asset manager Unlimited Funds, the average dollar invested in BlackRock’s iShares Bitcoin Trust (IBIT) is now underwater following Friday’s close. The shift coincided with a steep drop in Bitcoin’s (BTC) price, which slid into the mid-$70,000 range. Source: Bob Elliott Elliott shared a chart tracking aggregate, dollar-weighted investor returns, showing cumulative…

Alternative Inflation Data Shows Sharp Cooling in US CPI

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Alternative inflation data is pointing to a sharp cooling in US prices, reinforcing the case for interest rate cuts and carrying broader implications for risk assets, including cryptocurrencies. After the Federal Reserve paused rate cuts last week and signaled no clear path to near-term cuts, real-time inflation data suggest policymakers may be out of sync with rapidly improving price conditions. Truflation, an alternative inflation tracker that aggregates millions of daily price points from tens of independent data providers, showed broad-based cooling across its US inflation indexes. As of Sunday, Truflation’s…

Bitcoin Adds to Bear Market Worries as $49K Becomes a Target

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Bitcoin (BTC) gained sub-$50,000 ahead of Sunday’s weekly close as bulls failed to recover from ten-month lows. Key points: BTC price targets stay bearish as Bitcoin bulls lick their wounds at ten-month lows. CME futures gaps may provide some temporary relief into the new week. Bitcoin is still following the path from earlier bear markets by losing realized price support, says research. BTC price: “So far, history is repeating” Data from TradingView showed BTC price action staying below $80,000 after BTC/USD fell more than 6% the day prior. BTC/USD one-hour…

UAE-Backed Investor Took 49% Stake in Trump-Linked Crypto Firm for $500M

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A UAE-backed investment vehicle quietly agreed to buy nearly half of World Liberty Financial, a cryptocurrency startup linked to President Donald Trump, just days before he returned to the White House, according to a report by The Wall Street Journal. Aryam Investment 1, an Abu Dhabi entity backed by Sheikh Tahnoon bin Zayed Al Nahyan, signed a deal in January 2025 to purchase a 49% stake in World Liberty Financial for $500 million, the Journal said, citing documents and people familiar with the matter. Half of that amount was paid…

Step Finance Treasury Breach Sparks $27M SOL Loss, STEP Plunges

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Step Finance, a decentralized finance portfolio tracker on Solana, has disclosed a security breach that led to the compromise of several treasury wallets, triggering a sharp sell-off in its native token. “Earlier today several of our treasury wallets were compromised by a sophisticated actor during APAC hours. This was an attack facilitated through a well known attack vector,” the platform wrote in a post on X, adding that they have taken “remediation” steps. Onchain data reviewed by blockchain security firm CertiK shows that roughly 261,854 Solana (SOL) (worth around $27.2…

SBF Ramps Up Donald Trump Support After Ellison Release

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Disgraced FTX founder Sam Bankman-Fried has ramped up his social media praise for US president Donald Trump while taking aim at former president Joe Biden, just days after Caroline Ellison, the former CEO of Alameda Research, was released from federal custody. Since Bankman-Fried’s February 2025 interview with the New York Sun and March appearance with political commentator Tucker Carlson, many see Bankman-Fried as angling for a pardon from Trump. “@realdonaldtrump is right on crypto,” Bankman-Fried said in an X post on Friday, just days after Ellison walked free after serving…

‘Decent Chance’ Bitcoin Already Bottomed at $77K: Analyst

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Bitcoin’s fall of around 7% to $77,000 on Saturday might have marked the low of this cycle, according to Bitcoin analyst PlanC. It comes as other crypto analysts continue to call for further downside for Bitcoin (BTC) in the coming months. “Decent chance this will be the deepest pullback opportunity this Bitcoin bull run,” PlanC said in an X post on Saturday. PlanC compares Bitcoin’s fall to previous bear market cycles Bitcoin fell 7% to around $77,000 on Saturday and has since slightly moved up to $78,690 at the time…

SOL Falls To $95 As Bitcoin, Gold, Silver Sell-off: What’s Next?

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Key takeaways: SOL fell to 2026 lows as tech sector layoffs and artificial intelligence revenue concerns hit markets. Despite the bleak environment, Solana outpaced competitors with network fees jumping 81%, securing its vice-leadership. Solana’s native token, SOL (SOL), traded down to $100.30 on Saturday, reaching its lowest levels since April 2025. While the 18% price correction over 30 days took traders by surprise, the movement largely mirrored broader altcoin market capitalization trends. A 26% crash in silver prices on Friday further prompted cryptocurrency traders to brace for additional downside. SOL/USD…