Day: February 6, 2026

MARA Holdings transfers 1,318 Bitcoin to Galaxy Digital, Two Prime, and BitGo

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MARA Holdings, the second-largest corporate holder of Bitcoin, transferred 1,318 BTC worth around $87 million to Galaxy Digital, Two Prime, and BitGo on Thursday, according to Arkham Intelligence data. The Bitcoin mining firm reached 52,850 BTC valued at around $3 billion at the end of Q3 2025 after mining and retaining 2,144 BTC for that quarter. When it comes to BTC holdings, MARA trails only Strategy, which holds 713,502 BTC on its balance sheet. MARA shares fell nearly 19% on Thursday, pushing year-to-date losses to 25% amid mounting crypto market…

Binance SAFU Fund completes third Bitcoin purchase, boosting stash to $410M

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Binance’s Secure Asset Fund for Users (SAFU) purchased an additional 3,600 Bitcoin for approximately $233 million on Friday, bringing its total Bitcoin holdings to 6,230 BTC valued at around $410 million at current market prices, according to on-chain data. Binance targets converting $1 billion of stablecoin reserves in the SAFU fund into Bitcoin in 30 days. The company surpassed 40% of its goal in four days. SAFU, established in July 2018 following a security breach, functions as an emergency reserve to protect user assets in the event of hacks or…

ARK Invest Sells Coinbase And Buys Bullish Shares

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ARK Invest, the asset manager led by prominent Bitcoin bull Cathie Wood, has shifted from buying to selling Coinbase stock, as the shares dipped 13% and hit multi-month lows. On Thursday, ARK offloaded 119,236 Coinbase (COIN) shares, valued at roughly $17.4 million, according to a trade filing seen by Cointelegraph. The sale comes just a day after a modest 3,510-share ($630,000) purchase on Tuesday, following a series of buys at higher prices earlier in 2026. This marks ARK’s first Coinbase sale of 2026 and its first since August 2025, signaling…

Pump.fun Expands Trading Infrastructure With Vyper Acquisition

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Pump.fun has acquired crypto trading terminal Vyper, which will wind down its standalone product and migrate its infrastructure into the Solana memecoin launchpad’s ecosystem. On Friday, Vyper said core parts of its product will begin shutting down on Feb. 10, while limited functions will remain accessible. Users were directed to Pump.fun’s Terminal (formerly Padre) to continue using the tools. The move reflects a broader strategy by Pump.fun to consolidate more of the trading workflow, from token launches to execution and analytics, as memecoin activity cools from the speculative frenzy of…

Bitcoin May Need Two Years to Flip $93,500 Back to Support

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Bitcoin (BTC) liquidated billions of dollars going into Friday as BTC price action set bearish records. Key points: Bitcoin liquidates $2.6 billion as it sees its first red $10,000 daily candle ever. BTC price action dives further in percentage terms than on any day since the 2022 bear market. It may take until 2028 for Bitcoin to return above $93,500 again. Bitcoin seals biggest daily dollar rout in history Data from TradingView showed BTC/USD consolidating after bouncing from $59,930 — its first trip below the $60,000 mark since October 2024.…

Bitcoin ETFs Record $434M Outflows Amid BTC Slide Below $70K

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Bitcoin exchange-traded funds (ETFs) continued to see outflows on Thursday, shedding almost $1 billion over the past two days as debate grows over their potential impact on the market. Data from SoSoValue shows that spot Bitcoin (BTC) ETFs recorded $434 million in net outflows on Thursday, following $545 million in redemptions the previous day. Monday’s $561 million in inflows was not enough to offset losses, leaving net weekly outflows at about $690 million as of Friday morning. Spot Bitcoin ETF flows since Monday. Source: SoSoValue The latest withdrawals came amid…

Metaplanet Doubles Down on Bitcoin as Stock Slumps

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Metaplanet’s CEO Simon Gerovich doubled down on the company’s Bitcoin-first strategy as the wider crypto market suffered one of its harshest drawdowns since 2022. “[T]here is no change to Metaplanet’s strategy. We will steadily continue to accumulate Bitcoin, expand revenue and prepare for the next phase of growth,” Gerovich said Friday on X, according to a machine translation of his post. Metaplanet’s stock on the Tokyo Stock Exchange closed Friday down 5.56% at 340 yen (about $2.16). The corporate crypto whale is ranked fourth among public Bitcoin (BTC) treasury companies…

Cardano founder Charles Hoskinson says he has lost over $3B in crypto but refuses to cash out

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Charles Hoskinson has lost over $3 billion in crypto but has chosen to stay committed, regardless of recent market losses, the founder of Cardano said during a Thursday livestream. “It’s easy for you to say, Charles, you’re rich. You can ride it out. I’ve lost more money than anyone listening to this, over $3 billion now,” Hoskinson said. “It’d have been real easy to cash out. Just walk away. And do you think I honestly care if I lose it all? Do you think I’m doing this for money? You’re…

Large Bitcoin Holders Supply Hits 9-Month Low

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Large Bitcoin holders are now controlling the smallest share of the cryptocurrency’s supply since late May, when it first reclaimed $100,000 after more than three months, according to crypto sentiment platform Santiment. Santiment posted to X on Thursday that “whale and shark wallets” holding between 10 and 10,000 Bitcoin (BTC) have fallen to a nine-month low, collectively accounting for about 68.04% of the entire Bitcoin supply. “This includes a dump of -81,068 BTC in just the past 8 days alone,” Santiment said, as Bitcoin fell from around $90,000 to $65,000…

Bitcoin Mining Stocks Plunge As Earnings Fall Short

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Shares in crypto mining companies IREN and CleanSpark sank on Thursday as their earnings came in below Wall Street expectations and Bitcoin’s slide saw traders turn risk-off. Bitcoin (BTC) has fallen 12% over the past 24 hours to briefly touch a low of $60,000 early on Friday. Meanwhile, the crypto market capitalization fell by almost 9%, according to CoinMarketCap. CleanSpark (CLSK) led the decline, closing trading on Thursday down 19.13% and falling another 8.6% after-hours to $7.55 after its results for the quarter ended Dec. 31 came in below analyst…