Day: February 3, 2026

Steve Sosnick: Bitcoin’s volatility hinders its role as a safe haven, gold outperforms during downturns, and digital asset treasury companies may be overvalued

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Bitcoin’s rising volatility challenges its role as a safe haven compared to traditional assets like gold. Key takeaways Bitcoin’s status has shifted to a risk asset, performing well during monetary accommodation periods. Its volatility needs to align more closely with traditional currencies for broader acceptance. The crypto market must reassess its position amidst rising demand for traditional safe havens like gold. Precious metals are increasingly sought after as safe havens, with yields on treasuries and bonds rising. Bitcoin’s perception as a risk asset is influenced by its success with ETF…

Zooko Wilcox-O’Hearn: Crypto’s future may mirror Linux’s decline, the cypherpunk vision has largely failed, and user experience is key to mass adoption

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Crypto’s future may favor corporations over individuals, echoing the decline of the Linux movement. Key takeaways The future of crypto may mirror the decline of the Linux movement, benefiting a few corporations while leaving most unempowered. The crypto movement has not fully succeeded in achieving its original goals. Crypto has significantly funded advancements in cryptographic technologies like zero-knowledge proofs. Recent developments in crypto may not align with the original cypherpunk vision but represent progress in adoption. The cypherpunk dream failed due to its focus on creating tools for a specific…

Mike Cagney: Bitcoin’s stability rivals gold and silver, Tether’s shift to gold signals market confidence, and DeFi is reshaping trading dynamics

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Shifting capital from crypto to precious metals highlights Bitcoin’s evolving role in the investment landscape. Key takeaways Bitcoin is being compared to gold and silver in terms of market behavior, indicating its stability and potential growth. Tether’s decision to hold gold instead of fiat suggests a belief in gold’s superior returns. Gold’s value could be significantly higher if aligned with overall monetary aggregates. China’s preference for silver over gold reflects cultural and economic influences. The silver to gold ratio is expected to decrease, indicating potential gains for silver. Capital is…

Nevada Authorities File Lawsuit against Coinbase over Unlicensed Wagering

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The enforcement action over wagers on sports event contracts followed Coinbase announcing the launch of prediction markets in all 50 US states. The Nevada Gaming Control Board announced that it had filed a civil enforcement action against Coinbase over wagers on sports event contracts. In Monday filings in the First Judicial District Court of the State of Nevada in and for Carson City, the Nevada Gaming Control Board sued Coinbase Financial Markets over allegations the company offered unlicensed wagers on sporting events. Authorities followed by requesting that the court grant…

Bitcoin’s Next Step May Depend On US Credit And Debt Conditions

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Bitcoin (BTC) scratched new lows below $73,000 on Tuesday as data shows troubling macroeconomic challenges bubbling below increasingly volatile markets. New data highlights tightening credit conditions, even as the US debt and borrowing costs stay elevated, and one analyst says this gap between credit pricing and credit market stress may define Bitcoin’s price trajectory for the upcoming months. Key takeaways: The ICE BofA US Corporate Option-Adjusted Spread is at 0.75, its lowest level since 1998. US debt stands at $38.5 trillion, while the 10-year Treasury yield is 4.28%. Bitcoin whale…

Tian Ruixiang Says Investor to Contribute 15,000 Bitcoin for Equity

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Tian Ruixiang Holdings Ltd (Nasdaq: TIRX) said it has entered a strategic agreement under which an unnamed investor would contribute 15,000 Bitcoin in exchange for an equity stake in the company.  At Bitcoin’s (BTC) price of about $75,000 at the time of writing, the proposed contribution would be valued at about $1.1 billion. Tian Ruixiang said the agreement also includes a strategic partnership focused on artificial intelligence and crypto initiatives, including the creation of a joint innovation lab to develop AI-powered trading and risk management tools, blockchain infrastructure, decentralized applications…

Zooko Wilcox-O’Hearn: Crypto risks mirroring the Linux movement’s decline, user experience is crucial for mass adoption, and funding has advanced zero-knowledge proofs

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Crypto’s evolution may favor corporations over individuals, risking the original vision of decentralization. Key takeaways The future of crypto might parallel the Linux movement, benefiting large corporations more than individual users. Crypto has not yet succeeded in achieving its original goals, according to Zooko Wilcox-O’Hearn. Funding from the crypto space has significantly advanced technologies like zero-knowledge proofs. Recent crypto developments diverge from the cypherpunk vision but still represent progress. The cypherpunk movement failed to prioritize user experience, impacting its success. Technologies need at least 100 million users to have a…

Trump Expected to Sign Bill to End Partial US Government Shutdown

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The US House of Representatives approved a bill on Tuesday that will fund most of the government through the end of September. Lawmakers in the US House of Representatives have approved a bill that will mostly reopen the government after a four-day partial shutdown. In a Tuesday House vote of 217 to 214 in favor of the bill, the chamber approved a roughly $1.2 trillion package already passed by the Senate that will ​​fund most of the US government through Sept. 30. The measure passed with some support from Democrats,…

Bitcoin Hits 2026 Low Under $73K But Analyst Says It’s Normal

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Bitcoin fell under $73,000 as futures liquidations soared and worries over this week’s US corporate earnings triggered a stock sell-off. Will traders finally step in to buy “discounted” BTC? Bitcoin (BTC) tumbled to a new 2026 low of $72,945 on Tuesday as bulls failed to hold the $80,000 level as support. Year-to-date, Bitcoin trades at a 15% loss and remains nearly 45% down from its $126,267 all-time high, raising investor concerns that BTC’s cyclical bull market may have reached an end.   Rocky price action in US stock markets is an…

Bitcoin drops below $74K, erasing post-Trump rally gains

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Bitcoin crashed below $74,000 on Tuesday, falling more than 6% to hit its lowest level since November 2024, when Donald Trump secured his second presidential term. The leading digital asset had climbed from $74,000 following Trump’s election victory to an all-time high of nearly $126,000 in October 2025. The rally was driven by expectations that his administration would pursue crypto-friendly policies. Since then, the administration has taken a more lenient stance. A new SEC chair was appointed, the GENIUS Act passed, discussions around the CLARITY Act advanced, and a White…