Day: February 5, 2026

Polygon to Migrate Prediction Market Settlement to Circle-Issued USDC

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Circle Internet Group has partnered with Polymarket to transition the prediction market’s settlement infrastructure to native USDC, replacing bridged stablecoin collateral used for trading on its platform. According to Thursday’s announcement, Polymarket currently uses bridged USDC (USDC.e) on Polygon as trading collateral and plans to migrate to Circle-issued native USDC (USDC) over the next few months. Native USDC is issued by Circle’s regulated entities and can be redeemed one-for-one for US dollars, offering a “capital-efficient” and scalable alternative without relying on cross-chain bridges. Cross-chain bridges are protocols that transfer tokens…

What Happens Now That The XRP Price Has Revisited The October 10 Lows?

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XRP is back at a level traders remember all too well. The cryptocurrency suffered a sharp flash crash on October 10 that sent the price crashing down from $2.82 to $1.58 before an equally fast rebound toward $2.36. Months later, that same zone is back in play, but this time without the volatility spike or immediate recovery that characterized the earlier move.  At the time of writing, XRP is trading around $1.44, down 10.4% over the past 24 hours. This sustained selling pressure has pushed the XRP price back into…

Circle partners with Polymarket to enhance prediction market settlement

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Circle, the issuer of USDC stablecoin, on Thursday revealed a new partnership with Polymarket aimed at enhancing a reliable, dollar-based settlement infrastructure on the platform. As part of the partnership, Polymarket will migrate from the bridged USDC on Polygon to the native USDC, improving capital efficiency, scalability, and institutional compatibility. Executives from both companies said the collaboration combines Circle’s financial infrastructure with Polymarket’s innovative market model to deliver a stronger user experience. With native USDC fully backed and redeemable for US dollars, the transition supports consistent settlement standards as trading…

Musk’s SpaceX plans Starlink phone and direct-to-device internet as IPO nears: Reuters

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The company’s plans, including AI-focused mobile phones and orbital data centers, will depend on Starship launches. SpaceX is preparing to expand its Starlink business into new markets, including a potential Starlink-branded phone, direct-to-device internet, and a space-tracking service as the aerospace company moves toward a potential IPO this year. The company generated an estimated $15 billion to $16 billion in revenue, with Starlink contributing between 50% and 80% of that total, according to Reuters. Starlink operates a constellation of low Earth orbit satellites providing broadband access worldwide, with a focus…

Bitcoin crashes to $67K erasing gains since 2021 as liquidations top $1.4B

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Bitcoin extended its sharp decline on Thursday, falling to $67,000 and breaking below its 2021 all-time high of $69,000. The drop erased nearly all gains since the bear market bottom in November 2022. Ethereum fell below $2,000, Solana dropped to $84, and XRP sank to $1.29. The total crypto market cap fell over 7% in the past 24 hours, now sitting near $2.3 trillion. Heavy leverage compounded the selloff, with $480 million in liquidations in the past hour and more than $1.4 billion over the past 24 hours, according to…

Gemini cuts 25% of staff and exits UK and EU markets amid ongoing crypto downturn

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Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, announced Thursday it is cutting 25% of its workforce and exiting operations in the UK, EU and Australia as part of a major restructuring. The move comes as Bitcoin dropped below $70,000 Thursday morning, erasing gains made since its $69,000 all-time high in late 2021. The exchange said it would refocus its business around the US market, AI-powered productivity and prediction markets. In its “Gemini 2.0” update, the company emphasized that smaller, AI-augmented teams are now more effective and aligned…

Bitcoin OG Garrett Jin withdraws 80,000 Ethereum from Binance

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Garrett Jin, a prominent crypto trader commonly known as Bitcoin OG “1011short,” withdrew 80,000 Ethereum worth approximately $168 million from Binance on Thursday, according to on-chain data. The transfers took place during a market-wide selloff that pushed most crypto assets lower, with Bitcoin falling below $71,000 and Ethereum dropping under $2,100. The total crypto market capitalization shed 6% to $2.4 trillion, per CoinGecko. Heads up: Garrett Jin(#BitcoinOG1011short) has started buying back $ETH! He just withdrew 80,000 $ETH ($167.8M) from #Binance.https://t.co/LyveMqUKoj pic.twitter.com/K18mvT4aoj — Lookonchain (@lookonchain) February 5, 2026 The move signals…

Anchorage Digital secures $100M investment from Tether as it eyes US IPO

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Tether, through its investment arm Tether Investments, has made a $100 million strategic equity investment in Anchorage Digital, the US’s first federally regulated digital asset bank providing custody, staking, governance, and stablecoin issuance to institutions. The investment not only expands the existing partnership between Tether and Anchorage Digital but also reflects a shared commitment to building a secure, transparent, and resilient infrastructure for the growing digital asset ecosystem, the companies said in a Thursday announcement. “Our investment in Anchorage Digital reflects a shared belief in the importance of secure, transparent,…

Bitcoin May Drop Below $64K as Veteran Raises ‘Campaign Selling’ Alarm

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Bitcoin risks a deeper slide as miners and US spot ETFs cut BTC exposure, adding supply pressure during a fragile downtrend. Bitcoin (BTC) price dropped by more than 22.5% in the past week to $69,000 on Thursday, wiping out 15 months of gains entirely. However, the downtrend may not be over, according to veteran trader Peter Brandt. Key takeaways: Brandt says “campaign selling” is pressuring BTC, with miners and ETFs also cutting exposure. A potential bottom zone is near $54,600–$55,000. BTC/USD daily chart. Source: TradingView Bitcoin may drop another 10%…

Multiliquid, Metalayer Roll Out Instant Redemptions for Tokenized RWAs

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Multiliquid and Metalayer Ventures have launched an institutional liquidity facility to provide instant redemptions for tokenized real-world assets (RWAs) on Solana. The facility allows holders of tokenized assets to convert positions into stablecoins instantly. The vehicle is raised and managed by Metalayer Ventures, with infrastructure and market support provided by Uniform Labs, the developer behind the Multiliquid protocol, according to an announcement shared with Cointelegraph. “Traditional finance has repo markets, prime brokerage and overnight lending facilities. Tokenized markets have had nothing comparable, until now,” said Will Beeson, founder and CEO…