Day: February 5, 2026

Cronos teams up with Fireblocks to build secure global trading infrastructure

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Cronos, a non-custodial trading venue and blockchain backed by Crypto.com, has integrated with Fireblocks, an enterprise digital asset infrastructure platform, to enhance institutional trading capabilities on its network, according to a Thursday announcement. The partnership introduces advanced custody and digital asset operations for tokenized assets on Cronos, meeting the needs of financial institutions and market makers. Zain Bacchus, CPO of Cronos Labs, said in a statement that the integration reinforces Cronos’ goal of becoming a global marketplace for crypto, stocks, sports outcomes, and prediction markets. “Fireblocks provides the institutional infrastructure…

$1M Lightning Payment Tests Bitcoin’s Institutional Rails

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Institutional trading and lending desk Secure Digital Markets (SDM) said it sent a $1 million payment to cryptocurrency exchange Kraken over the Lightning Network on Jan. 28. SDM claimed in a Thursday statement shared with Cointelegraph that it is the largest publicly reported Lightning transaction to date and a proof‑of‑concept for seven‑figure transfers between regulated counterparties. The payment cleared in 0.43 seconds and was routed via Voltage’s managed Lightning infrastructure, which provides node management, pre‑provisioned liquidity, and uptime guarantees aimed at exchanges and trading desks.  The previously publicized “record” single…

House Probes Trump-Linked Crypto Firm Over UAE Investment

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World Liberty Financial (WLFI), a crypto company linked to US President Donald Trump’s family, is facing scrutiny from House Democrats over a reported $500 million investment by an entity linked to an Abu Dhabi royal in the UAE. California Representative Ro Khanna, a Democrat who has criticized public officials’ exposure to the crypto market, said on X on Thursday that he has launched an investigation into the UAE investment in WLFI. “This is about public trust and transparency,” Khanna said, linking to a Wall Street Journal report detailing that he…

BlackRock moves $358M in Bitcoin to Coinbase as price drops toward $69,000

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BlackRock, the world’s largest asset manager, deposited around 5,080 Bitcoin worth approximately $358 million and 27,196 Ethereum valued at about $57 million into Coinbase Prime this morning, according to Arkham Intelligence data. The transfers came as Bitcoin continued to weaken after breaking below $71,000 yesterday. The digital asset dipped to $69,200 at the time of reporting, down 22% in the last 7 days, per TradingView. The movements follow a pattern of large transfers earlier in the week, usually followed by big inflows and outflows. They do not automatically signal withdrawals,…

Grant Cardone doubles down on Bitcoin as price pulls back, says he won’t sell

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Grant Cardone, real estate entrepreneur and CEO of Cardone Capital, announced that his firm accumulated more Bitcoin at $72,000 amid the digital asset’s recent price decline. “For those who wanted a lower price, now you have it, let’s see if you follow through. For those who think it’s going to zero, you’re a little closer, now just have to wait and see,” Cardone said via his official X account. Cardone indicated he would welcome further price drops, expressing interest in buying more if Bitcoin falls to $35,000. Asked if there…

AI Surveillance Marks a New Phase for South Korea’s Crypto Markets

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South Korean regulators are stepping up oversight of the domestic cryptocurrency market, signaling a faster, more coordinated approach to detecting suspicious trading activity amid renewed volatility.  The heightened scrutiny was highlighted after South Korea’s Financial Supervisory Service (FSS) said it was reviewing sharp price movements in the ZKsync token listed on Upbit, following extreme volatility concentrated around a system maintenance window, according to The Korea Economic Daily (Hankyung). The FSS said it was analyzing data and could escalate the review into a formal investigation, depending on the findings.  FSS officials…

Vitalik Buterin Sells Nearly 3,000 ETH in Series of Small Onchain Swaps

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Ethereum co-founder Vitalik Buterin sold about 2,961 Ether worth $6.6 million over a three-day period, after previously announcing plans to withdraw some of his holdings. Blockchain tracker Lookonchain said in a Thursday X post that the transactions were executed at an average price of about $2,228 per Ether (ETH). Ethereum’s native cryptocurrency traded at around $2,130 at the time of writing, down by more than 5% over the past day, according to CoinMarketCap. Arkham Intelligence data shows that the ETH sales were routed through CoW Protocol, with multiple small swaps…

Bitcoin ETFs Extend Losses As Daily Outflows Hit $545 Million

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Bitcoin exchange-traded funds (ETFs) extended losses on Wednesday amid BTC price approaching the $70,000 mark, adding to mounting pressure across digital asset markets. According to data from SoSoValue, spot Bitcoin (BTC) ETFs recorded $545 million in outflows on the day, pushing weekly flows into the negative with $255 million in net outflows. Year-to-date, the funds have attracted $3.5 billion in inflows but seen $5.4 billion in redemptions, leaving them net negative by $1.8 billion. Total assets under management stand at $93.5 billion. Spot Bitcoin ETF flows since Jan. 26, 2026.…

Nevada Judge Rejects Ex Parte Bid to Halt Coinbase Markets

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A Nevada state court denied regulators’ request for an emergency temporary restraining order (TRO) to immediately halt Coinbase’s new prediction market offering. Instead, the court set a hearing for next week so the exchange can respond, according to Coinbase chief legal officer Paul Grewal. The Nevada Gaming Control Board (NGCB) filed a civil enforcement action in Carson City on Monday, accusing Coinbase of offering unlicensed wagers on sports event contracts and asking for a TRO and preliminary injunction to block the products for Nevada residents. Coinbase fights case in state…

Tether’s USDt Hits $187B in Q4 as Rivals Shrink Amid Crypto Downturn

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Tether’s dollar-pegged stablecoin USDt expanded to a record $187.3 billion market capitalization in the fourth quarter of 2025, even as the broader crypto market slid following October’s liquidation cascade. According to its latest quarterly report, the USDt (USDT) market cap grew by $12.4 billion in Q4. Data shows that USDt has been widening its dominance while competitors retreated. After the major liquidation event on Oct. 10, the market cap of Circle’s USDC (USDC), the second-largest stablecoin, fluctuated throughout the rest of Q4 but closed the period largely unchanged. Ethena’s synthetic…