Category: Bitcoin News

The United Kingdom’s financial watchdog has launched court action against cryptocurrency exchange HTX, alleging it illegally promoted crypto asset services to British consumers in breach of financial advertising rules. The UK Financial Conduct Authority (FCA) said it began proceedings against HTX and several related persons in the Chancery Division of the High Court in October 2025. In an update published Tuesday, the regulator said it received permission on Feb. 4 to serve the case outside the UK and by alternative means, noting that HTX (formerly known as Huobi Global) is…

Publicly listed companies that hold Solana as a treasury asset are sitting on more than $1.5 billion in unrealized losses, based on disclosed acquisition costs and current market prices tracked by CoinGecko. The losses are concentrated among a small group of United States-listed companies that collectively control over 12 million Solana (SOL) tokens, about 2% of the total supply. While losses remain unrealized, equity markets have already repriced the companies, with most trading well below the market value of their tokens.  CoinGecko data shows that Forward Industries, Sharps Technology, DeFi…

South Korea’s financial watchdog has opened an investigation into Bithumb after the exchange mistakenly credited hundreds of thousands of Bitcoin to user accounts that it did not actually hold. The Financial Supervisory Service (FSS) has launched a probe into Bithumb for alleged platform violations around the erroneous crediting of billions of dollars in non-existent Bitcoin (BTC) to user accounts, Yonhap News reported Tuesday. Bithumb acknowledged the incident on Saturday, saying the platform “incorrectly paid” 620,000 BTC ($42.8 billion) to users during a promotional event. While the exchange recovered most of…

A dual national of China and St. Kitts and Nevis has been sentenced to 20 years in US federal prison for orchestrating a global cryptocurrency scam that stole more than $73 million from victims, many of them American investors. Forty-two-year-old Daren Li received the statutory maximum sentence in the Central District of California, along with three years of supervised release, according to a statement issued Tuesday by the US Department of Justice (DOJ). Prosecutors said Li and at least eight co-conspirators established spoofed domains and websites resembling legitimate trading platforms…

US spot Bitcoin exchange-traded funds (ETFs) extended a tentative rebound after attracting $371 million in net inflows last Friday, adding to signs that institutional demand may be stabilizing following weeks of sustained selling. Spot Bitcoin (BTC) ETFs attracted a further $145 million in inflows on Monday as BTC hovered around $70,000, according to data from SoSoValue and CoinGecko. The inflows have yet to offset last week’s $318 million of outflows and $1.9 billion in redemptions year-to-date, but the slowing pace of losses may point to a potential trend reversal for…

Federal Reserve governor Chris Waller says the crypto hype that accompanied US President Donald Trump’s election victory has begun to wane as the market has become more entwined with traditional finance. “I think some of the euphoria that came into the crypto world with the current administration, some of that’s kind of fading,” Waller said at a conference on Monday. “A lot of it has been brought into the mainstream finance,” Waller said. “Then, you know, things have to happen there, so I think there was a lot of sell-off…

Ethereum has hit a zone typically associated with mass selling, with an MVRV Z-Score returning a score of -0.42 — though analysts are split on whether the price of Ether is close to bottoming out.  The MVRV Z-Score is a metric used to assess whether a crypto asset is overvalued or undervalued by comparing its market value to its realized value, which reflects the total value of Ether based on the price at which it was last transacted.  The metric was created to show periods of market euphoria or capitulation…

Chainlink co-founder Sergey Nazarov argues the recent crypto market downturn is unlike any previous bear market — there have been no major FTX-style collapses, and tokenized real-world asset (RWA) growth remains substantial. Market cycles are normal, “but what is important is what those cycles reveal about how far the industry has progressed,” said Nazarov on X on Tuesday.  Crypto market capitalization has fallen 44% from its October all-time high of $4.4 trillion, with almost $2 trillion exiting the space in just four months.   Nazarov, however, did not appear concerned, highlighting…

Backpack, a crypto exchange founded by former employees of FTX, says it will launch a 1-billion-supply token in the future, with its distribution schedule tied to its goal of going public in the US. Backpack posted to X on Monday that its token launch will begin with 25% of the intended supply, or 250 million tokens, to become available on a yet-to-be-disclosed launch date. Another 37.5% of the total supply, or 375 million pre-IPO tokens, will be made available “upon achievement of key milestones,” which Ferrante said would include opening…

Ethereum co-founder Vitalik Buterin’s latest vision for Ethereum’s intersection with artificial intelligence sees the two working together to improve markets, financial safety and human agency.   In an X post on Monday, Buterin said his broader vision for the future of artificial intelligence (AI) sees humans being empowered by AI, rather than replaced, though he said the shorter term involves much more “ordinary” ideas. Buterin pointed to four key areas where Ethereum and AI could intersect in the near future: enabling trustless and/or private interactions with AI, Ethereum becoming an economic…