Day: February 9, 2026

Binance SAFU expands Bitcoin holdings with $300M purchase

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Binance, the global crypto exchange serving hundreds of millions of users, added 4,225 Bitcoin, worth around $300 million, to its emergency reserve fund today, bringing total holdings to 10,455 BTC valued at approximately $734 million. #Binance SAFU Fund Asset Conversion progress update. Binance has completed the purchase of 4225 BTC for the SAFU Fund, amounting to 300M USD stablecoins. Our SAFU BTC address now holds 10,455 BTC: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD TXID: https://t.co/ZnE2h3ZN7H We’re… pic.twitter.com/IUzdLMPdVI — Binance (@binance) February 9, 2026 The Secure Asset Fund for Users (SAFU), an insurance-like reserve designed to…

Infini Hacker Returns After Exploit, Buys Ether Dip $13M

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A wallet linked to the $50 million Infini exploit has become active again nearly a year after the breach, snapping up Ether during last week’s market downturn before routing the funds through a crypto mixing service. The Infini exploiter-labelled wallet address bought $13.3 million worth of Ether (ETH) as the price dropped to $2,109 before sending the funds to crypto mixing protocol Tornado Cash, according to blockchain data platform Arkham. “He seems very good at buying low and selling high,” blockchain tracking service Lookonchain said in a Monday X post. …

Crypto ETP Outflows Ease as Trading Hits Record $63 Billion

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Crypto investment products logged a third straight week of outflows, though the pace of selling eased markedly as digital asset prices steadied after a sharp downturn. Crypto exchange-traded products (ETPs) recorded $187 million in outflows during the week, a sharp drop from the $3.43 billion seen over the previous two weeks, CoinShares reported on Monday. The slowdown came as Bitcoin (BTC) fell to its lowest level since November 2024, with the price touching $60,000 on Coinbase last Thursday. “While flows typically move in line with crypto prices, changes in the…

Xinbi Handled Nearly $18B in Crypto Transactions After Ban: TRM Labs

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A Chinese-language crypto guarantee marketplace known as Xinbi processed nearly $18 billion in onchain transaction volume despite platform bans and United States enforcement actions aimed at dismantling similar services, according to a new report from TRM Labs. The report said recent crackdowns — reshaped but failed to dismantle — a key layer in crypto-enabled laundering infrastructure. TRM’s analysis showed that Xinbi sustained on-chain activity after Telegram banned clusters of Chinese-language guarantee services in 2025.  The report attributes Xinbi’s resilience to rapid migration to alternative messaging services and the launch of…

TON Pay Turns Telegram Mini Apps into Crypto Checkout Layer

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The Open Network Foundation has launched TON Pay, a new payments software development kit (SDK) designed to make cryptocurrencies usable for everyday consumer transactions within the Telegram ecosystem.  In a Monday release shared with Cointelegraph, the product is positioned as a simple, wallet-agnostic payment layer that allows merchants and Mini App developers to accept crypto directly through Telegram, aiming to turn the app into a hub for seamless blockchain-based commerce. According to the TON Foundation, TON Pay provides developers with a single software kit that integrates with Telegram Mini Apps,…

South Korea Prepares Crypto Market Probes Under 2026 Policy Plan

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South Korea’s Financial Supervisory Service (FSS) said it will step up scrutiny of suspected cryptocurrency price manipulation in 2026, outlining a slate of planned investigations that target high-risk trading tactics, including “whale” activity and schemes that exploit disruptions at local exchanges, local outlet Yonhap reported Monday. According to Yonhap News Agency, FSS Governor Lee Chang-jin said that the agency will target high-risk trading practices that undermine market order, including coordinated manipulation and schemes exploiting disruptions in exchange infrastructure.  The FSS said the probes will focus on tactics that involve large-scale…

Bitcoin Price Forecasts Say $50,000 Is on the Way

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Bitcoin (BTC) begins its second week of February, licking its wounds as traders remain bearish on BTC. Market forecasts agree that Bitcoin price action has not yet put in a reliable long-term bottom. CPI week comes as markets lose faith in Fed rate cuts in March. US dollar strength begins to fade as analysts eye a potential rerun of 2021 for Bitcoin-dollar correlation. Japan’s election turns heads, with analysis seeing a weaker yen and crypto headwinds to come. Bitcoin miners send large amounts to exchanges as the dust settles on…

Bitcoin Sharpe Ratio Hits Bear Market Lows At Negative 10

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The Bitcoin Sharpe ratio, which measures risk/reward potential, is in negative territory that is often associated with the end of bear markets, according to CryptoQuant analyst Darkfost. “The Sharpe ratio has just entered a particularly interesting zone, one that has historically aligned with the final phases of bear markets,” said the analyst on X on Saturday. They added, however, that it is not a signal that the bear market is over, “but rather that we are approaching a point where the risk-to-reward profile is becoming extreme.” The Sharpe ratio has…

Coinbase Returns to Super Bowl With Lo-Fi Karaoke Ad

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Coinbase’s TV spot at the Super Bowl divided opinion online, but the crypto exchange says conversations about it were the point. Four years after its viral QR code advertisement, crypto exchange Coinbase has returned to the Super Bowl, this time betting on a Backstreet Boys karaoke-inspired ad.  Coinbase’s one-minute TV spot during the most-watched sporting event in the US was mostly text animation that flashed the lyrics to the Backstreet Boys’ 1997 hit “Everybody (Backstreet’s Back).” Coinbase marketing chief Catherine Ferdon said in a statement that the ad aimed to…

ENS Abandons Its planned Namechain L2, Citing Drastically Lower Gas Costs

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Ethereum domain name service provider ENS has canceled plans to launch a layer-2 as part of its ENSv2 upgrade, opting instead to launch a revamped protocol directly on Ethereum.  In a blog post on Friday, ENS lead developer nick.eth explained that the decision was partly due to a “99% reduction in ENS registration gas costs over the past year” amid a number of important upgrades to the Ethereum network. “Put simply: Ethereum L1 is scaling, and it’s scaling faster than almost anyone predicted two years ago. The recent Fusaka upgrade…