Day: February 5, 2026

Payy Launches As Ethereum’s First Privacy-Enabled EVM L2

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Crypto project Payy, which operates a privacy-focused wallet alongside a crypto banking card, has just launched a privacy-enabled Ethereum layer 2. In an announcement via X on Wednesday, Payy said users can now integrate the network into their MetaMask accounts, and that all ERC-20 transfers made on it are automatically made private with “no smart contract changes required.”  Payy said the two core types of users on its network would be institutions and fintech firms looking to bring “flows onchain without fear of analysis and exploitation,” and crypto natives looking…

Silver, gold tumble as stronger dollar hits precious metals

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Spot silver plunged below $75 per ounce, down 15% in Asian trading on Thursday, while gold fell 2% to $4,852 as a stronger US dollar weighed on precious metals. The US dollar’s strength, with the index now near 98, is driving down demand for precious metals among international buyers. The sharp drop extends a volatile stretch for silver, which reached highs near $120 per ounce last month before entering a steep correction. Over a three-day period in early February, prices fell by more than 35%. Market volatility intensified after Kevin…

Ethereum Price Hangs At $2,100, Downside Thrust Toward $2,000 Looms Large

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Ethereum price extended its decline below $2,200 and $2,120. ETH is now attempting to recover from $2,075 but faces many hurdles near $2,220. Ethereum failed to stay above $2,250 and started a fresh decline. The price is trading below $2,200 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,255 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,320 zone. Ethereum Price Dips Further Ethereum price failed to…

Crypto firms push new compromises to save key market structure bill

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Crypto firms are pushing new compromises on stablecoins to win over skeptical banks and keep the crypto market structure legislation alive. New proposals under private negotiations indicate that community banks could take on a larger role in the stablecoin system, from holding part of issuers’ reserves to issuing their own stablecoins through partnerships, Bloomberg reported Thursday, citing people familiar with the matter. The effort follows a Monday White House meeting between crypto executives and banking trade groups regarding stablecoin yields, the central friction point that has reignited industry tensions in recent weeks.…

Bitcoin Price Falls Further, Raising Stakes At The $70K Support

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Bitcoin price extended its decline below $73,500. BTC is now consolidating losses but faces many hurdles near $75,500. Bitcoin is attempting to recover but struggling to clear hurdles. The price is trading below $75,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $75,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $72,000 and $71,200 levels. Bitcoin Price Dips Further Bitcoin price failed to remain stable above the…

CFTC Pulls Proposal Banning Sports Prediction Markets

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The US Commodity Futures Trading Commission has withdrawn a Biden administration-era proposal that would have banned sports and political prediction markets, some of the most popular event contracts today. The recently confirmed CFTC chair, Mike Selig, said on Wednesday that the agency has withdrawn a 2024 notice of proposed rulemaking that sought to ban event contracts for sports, politics and war, among other topics, classifying them as “contrary to the public interest.” Selig said the proposal “reflected the prior administration’s frolic into merit regulation with an outright prohibition on political…

Startale, SBI launch Strium for institutional FX, RWA trading

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Startale Group and Japan’s financial conglomerate SBI Holdings have launched Strium, a layer-1 blockchain designed to support exchange-layer and settlement infrastructure for institutional trading of foreign exchange, tokenized equities and real-world assets (RWAs). The platform is designed as an exchange-layer network, according to an announcement shared with Cointelegraph. “Tokenization is an inevitable trend, and equities tokenization is clearly the next big market,” said Sota Watanabe, CEO of Startale Group. He added that Strium aims to bridge the gap between traditional offchain finance and the onchain ecosystem by enabling compliant dividend…

Kyle Samani leaves Multicoin in ‘bittersweet moment’ to explore new tech

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Multicoin Capital’s co-founder, Kyle Samani, said he is stepping down as managing partner of the crypto investment firm after 10 years in the industry.  Samani called it a “bittersweet moment” in a post on Wednesday, adding, “I am excited to take some time off and explore new areas of technology,” which he later revealed would include AI and robotics. He added that he is “more confident than ever that crypto is going to fundamentally rewire the circuitry of finance.” “The Clarity Act will unlock a tidal wave of new entrants…