Category: Bitcoin News

Cere Network Hit With Second Lawsuit Alleging Fraud

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The co-founder and board of crypto infrastructure platform Cere Network have been hit with a $100 million lawsuit claiming they undertook a pump-and-dump scheme that stole millions of dollars from investors. In a lawsuit filed in a San Francisco federal court on Tuesday, Vivian Liu, who said she worked for and invested in the company, claimed Cere co-founder Fred Jin, his brother, his wife, and the company’s board stole $41 million from investors. According to the lawsuit, Jin promised ahead of a public token launch for the platform in November…

OpenAI’s Social Network Would Require Biometric Proof Of Personhood

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OpenAI-linked token Worldcoin spiked 40% on Wednesday following a report that the artificial intelligence firm is working on a bot-free social media platform that requires “proof of personhood.”   According to a Tuesday Forbes report citing sources familiar with the matter, OpenAI is aiming to develop a “humans-only platform” as a point of difference from other social media services on the market.  Still in its early stages, sources state that a small team of around 10 people is building the platform to compete with X, and that it has reportedly been…

SEC Releases New Guidance On Tokenized Securities Framework

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The United States Securities and Exchange Commission has released new guidance on tokenized securities, categorizing assets into two categories to provide more clarity for companies entering the space. The SEC’s statement on tokenized securities, released on Wednesday, defines the assets as issuer- or third-party-sponsored tokenized securities.  “Tokenized securities generally fall into two categories: (1) securities tokenized by or on behalf of the issuers of such securities; and (2) securities tokenized by third parties unaffiliated with the issuers of such securities,” the regulator stated.  Issuer-sponsored tokenized securities enable companies to tokenize…

MegaETH Mainnet Launch Locked in For Feb. 9

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Ethereum layer 2 MegaETH has penciled its mainnet launch for Feb. 9 after a rigorous “global stress test” last week to ensure the high‑speed chain is ready for public use. “Get ready for the fastest* EVM chain ever,” MegaETH co-founder and chief technology officer Lei Yang posted to X on Wednesday after the chain was seen processing up to 35,000 transactions per second during the seven-day stress test. Public Mainnet // 02.09.26 pic.twitter.com/fMcqVnQ7ZB — MegaETH (@megaeth) January 28, 2026 The test involved MegaETH opening the mainnet to select users to…

US Senators Challenge Deputy AG Over Crypto Taskforce Shutdown

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Six US senators have challenged Deputy Attorney General Todd Blanche for shutting down the Department of Justice’s (DOJ) cryptocurrency enforcement team in April last year while holding substantial amounts of cryptocurrency at the time.  Blanche disbanded the DOJ’s national cryptocurrency enforcement team in April 2025, just months after Donald Trump was inaugurated as US president following a pro-crypto campaign.  The task force was created in 2022 under the Joe Biden administration and led major investigations, including the probe into Binance and its founder Changpeng “CZ” Zhao, who pleaded guilty in…

HYPE Gains 60% But Hyperliquid Growth Metrics Warn It May Not Hold

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Key takeaways: HYPE surged 60% to $34.90, fueled by institutional investor accumulation from Hyperliquid Strategies and reduced selling after staking unlocks. Bearish liquidations exceeding $20 million and ARK Invest’s bullish report fueled speculation despite flat perpetual volumes. Hyperliquid (HYPE) surged to $34.90 on Wednesday, climbing from $21.80 just two days prior. The 60% rally triggered over $20 million in liquidations on bearish leveraged positions, fueling speculation of further gains toward $40. The move followed reports of a publicly listed company focused on digital asset reserves adding HYPE to its balance…

Fed Pauses Rates as Weak Dollar Shapes Bitcoin, Crypto Outlook

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The US Federal Reserve voted to leave interest rates unchanged on Wednesday, a decision that was widely anticipated by investors. While the move signals a pause for now, market commentators suggest a path toward monetary easing could still emerge indirectly. Members of the Federal Open Market Committee (FOMC) voted to hold the federal funds rate steady for the first time since July, keeping it in a range of 3.5% to 3.75%, while cautioning that inflation remains “somewhat elevated.” Notably, two Fed officials dissented, voting in favor of an additional 25-basis-point…

Bitcoin Bulls Target $93.5K As Short Positions Turn Into A Magnet

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Bitcoin pulled back from its intraday highs after the US Federal Reserve declined to cut interest rates, but futures market data suggests traders may attempt to seize the short liquidity in BTC’s $93,500 range. Bitcoin (BTC) staged a quick rally to $90,600 on Wednesday, but the gains evaporated as the US Federal Reserve decision to forgo an interest rate cut was announced. Despite the whipsaw price action from Bitcoin, data shows traders eyeing a potential move to $93,500. One analyst said that the price level stands out as a key…

Dubai Insurance Launches Crypto Wallet for Premium Payments and Claims

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Dubai Insurance has launched a crypto-enabled digital wallet that allows policyholders to pay insurance premiums and receive claims settlements in digital assets. The wallet is designed to support the receipt of premiums and the payment of insurance claims in digital assets and is built on institutional custody infrastructure provided by Zodia Custody. The company said the wallet operates within existing regulatory and compliance frameworks in the United Arab Emirates (UAE), and described it as the first such offering in the country’s insurance sector. Zane Suren, managing director for commercial, Middle…

Gold rally, FOMC outcome And Weak DXY May Extend Crypto Market Rally

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Key points: Bitcoin is facing resistance at $90,500, but a positive sign is that the bulls have kept up the pressure. Several major altcoins are attempting to start a recovery, but are expected to face selling at higher levels. Sellers are attempting to maintain Bitcoin (BTC) below the $90,500 level, but the bulls continue to exert pressure. Fundstrat managing partner Tom Lee said on CNBC that cryptocurrencies should rise on a weaker dollar, but traders have responded by continuing to pile into gold and silver. Lee suggested that crypto is…