Day: February 10, 2026

Bitcoin Buy Signal Points to 220% Upside Despite Near-Term Risk

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Bitcoin (BTC) is trading below $69,000 on Tuesday, confirming the view that price consolidation is the most likely course over the short term. The sell-off to $60,000 and the subsequent recovery to $72,000 resulted in many BTC price indicators falling into what analysts believe to be a deep value zone, but will buyers reach the same conclusion? Key takeaways: Bitcoin’s realized price bands have aligned with a long-term accumulation zone that preceded new BTC highs.  Power Law quantile models place BTC near the lower 15% of its long-term log-log price…

Gemini Exit Tests UK’s Unfinished Crypto Rules, Global Hub Aims

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Gemini’s decision to exit the United Kingdom, European Union and Australia to focus on the United States and Singapore has sharpened questions over whether the UK’s still unfinished rulebook is deterring even well‑regulated players the government hoped to attract.  In April 2022, then Chancellor Rishi Sunak said it was his “ambition to make the UK a global hub for cryptoasset technology,” unveiling Treasury measures, such as stablecoin regulation, and launching a Financial Conduct Authority (FCA) “CryptoSprint” to help firms invest in the country. However, in Gemini’s latest strategy update on…

SafeMoon founder Braden Karony sentenced to 100 months in prison for crypto fraud

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Braden Karony, former CEO of SafeMoon, has been sentenced to 100 months in federal prison for his role in a crypto fraud involving the project’s liquidity pool. A jury convicted Karony of securities fraud, wire fraud, and money laundering after prosecutors showed he misappropriated investor funds while claiming they were “locked.” Karony personally withdrew over $9 million in crypto and engaged in manipulative trading to boost the price of the SFM token. The funds were taken from wallets portrayed as untouchable. U.S. District Judge Eric Komitee handed down the sentence…

UK Central Bank to Launch Onchain Settlement Infrastructure Pilot

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The Bank of England has launched a new industry experimentation initiative to explore how tokenized assets could be settled using synchronized, atomic settlement in British pounds sterling as part of efforts to modernize the UK’s real-time gross settlement (RTGS) infrastructure. The Synchronisation Lab initiative will allow 18 selected companies to test delivery-versus-payment and payment-versus-payment settlement between the BoE’s next-generation RTGS core ledger, known as RT2, and external distributed-ledger platforms, in a non-live environment without using real money, according to a bank statement. The six-month pilot, scheduled to start in spring 2026, is…

Phantom Chat Triggers Address Poisoning Concerns After User Loses $264K

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A built-in messaging feature in the Phantom crypto wallet is drawing scrutiny from security researchers after an investor lost about $264,000 worth of Wrapped Bitcoin in what investigators described as a phishing attack enabled by address poisoning. Blockchain investigator ZachXBT shared blockchain data pointing to a victim losing 3.5 Wrapped Bitcoin (wBTC) in a suspected phishing attack tied to Phantom Chat. The data shows a transaction where 3.5 WBTC was transferred from address 0x85c to address 0x4b7 on Wednesday, flagged as a “high balance” address on blockchain intelligence platform Nansen.…

Sam Bankman-Fried files motion for new trial in FTX fraud case

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Sam Bankman-Fried, the disgraced founder of collapsed crypto exchange FTX, is seeking a new trial in his fraud case before the Southern District of New York federal court, according to Inner City Press. In a document surfaced by Inner City Press, Bankman-Fried filed a pro se motion that was entered into the docket on February 10, 2026, invoking Rule 33 of the Federal Rules of Criminal Procedure and the due process clause of the US Constitution. Rule 33 allows a federal court to grant a new trial “if the interest…

Ripple to host XRP Community Day 2026 tomorrow with Grayscale, Gemini, and ecosystem leadership

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Ripple will host XRP Community Day 2026 tomorrow, bringing together XRP holders, builders, financial institutions, and Ripple leadership for a global virtual event focused on real-world adoption and the future of the XRP Ledger (XRPL) ecosystem. Returning for its second year, the event spotlights how XRP is actively used today while looking ahead to what’s next. It will explore topics like regulated products, DeFi applications, wrapped XRP, and next-generation XRPL infrastructure, Ripple shared in a recent press release. Ripple CEO Brad Garlinghouse, President Monica Long, and ecosystem partners will share…

How low can BTC price go if 2022 repeats?

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Bitcoin (BTC) has entered the “darkest days” of its bear market correction, based on a classic BTC price indicator hitting near four-year lows. Key takeaways: Bitcoin Mayer Multiple fell to 0.65, matching deep bear market lows in May 2022. A repeat of 2022 would see BTC drop further to as low as $40,000.  Mayer Multiple returns to May 2022 levels Bitcoin’s 45% crash from its $126,000 peak has placed onchain indicators in focus as market participants search for where BTC price is likely to bottom.  The Mayer Multiple is among…

Bitcoin Trades Like Growth Stock, Not Gold: Grayscale

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Bitcoin’s long-standing narrative as “digital gold” is being put to the test as its recent price action increasingly resembles that of a high-risk growth asset rather than a traditional safe haven, according to new research from Grayscale. Report author Zach Pandl said on Tuesday that while Grayscale still views Bitcoin (BTC) as a long-term store of value due to its fixed supply and independence from central banking authorities, recent market behavior suggests otherwise. “Bitcoin’s short-term price movements have not been tightly correlated with gold or other precious metals,” Pandl wrote,…

Bitcoin Liquidates Traders Up and Down Ahead of Local Support Retest

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Bitcoin sparked mass long and short BTC liquidations while staying rangebound around $70,000 as analysis predicted a local support retest. Bitcoin (BTC) eyed multiday lows into Tuesday’s Wall Street open as analysis warned that bears were trying to “regain control.” Key points: Bitcoin is setting up a support retest at the bottom of its local range, says analysis. Bears want “control” again, with liquidations impacting both long and short traders. An ongoing lack of demand is adding to Bitcoin bulls’ problems. Bears battle for local BTC price trend Data from…