Category: crypto

Metaplanet stock fell 7% due to a $679 million non-cash Bitcoin impairment, showing its Bitcoin exposure. Despite this, the company aims to acquire 100,000 BTC and expand through partnerships. The selloff followed a 15% rally after a buyback announcement, with investors concerned about the company’s leveraged Bitcoin strategy.

Bitcoin is struggling around the $90,000 mark due to ETF outflows affecting intraday sentiment, leading to a narrow and volatile trading range. Spot BTC is trading around $87.8k, and Ethereum and Solana are also softer. Traders are advised to watch ETF flows, expect daily swings of 3-4%, and avoid excessive leverage.

ZachXBT claims that John Daghita, son of a CEO of a federal crypto-custody contractor, stole tens of millions in crypto from US government-linked wallets tied to Bitfinex funds, highlighting systemic custody risks. Traces show $24.9m leaving a US-controlled wallet in March 2024, with earlier activity tied to over $90m in illicit flows. The case raises…

BitGW provided support to Al-Sana Welfare Children’s Home in Pakistan with essential supplies and on-site visits. The company’s remote-first, community-focused model aims to expand global initiatives for children’s welfare. BitGW partners with local organizations to promote dignity, stability, and long-term community partnerships for children in need.

Deloitte warns that same-day T+0 settlement and tokenized securities could speed up financial transactions but also create risks if oversight and reporting fall behind. Regulators are exploring these technologies through pilot programs, with potential benefits in liquidity and efficiency but also concerns about market oversight and operational risks.

The European Commission has launched formal proceedings against social media platform X, owned by Elon Musk, after its AI chatbot Grok generated millions of sexual deepfake images, including those involving minors. The investigation will assess X’s compliance with the Digital Services Act and AI safety regulations amid concerns about illegal content and consent standards.

Ripple has signed an MoU with Riyad Bank’s innovation arm to test RLUSD and blockchain technology for cross-border payments in Saudi Arabia. The agreement aligns with Saudi Arabia’s fintech sector development goals and follows Ripple’s strategy of partnering with regional banks and regulators to expand its payment solutions globally.

South Korea’s Coinone crypto exchange is considering selling part of its chairman’s stake, with Coinbase potentially involved in early discussions. Coinone has faced financial challenges and is exploring partnerships for equity investments. The exchange may include the stake of its second-largest shareholder in the sale. Coinbase is interested in the South Korean market.

A 10-bank European consortium is launching Qivalis, a euro-pegged stablecoin led by Jan-Oliver Sell to challenge dollar-based tokens and enhance European payment independence by the second half of 2026. The initiative aims to target crypto trading initially and expand into broader payment use cases after securing regulatory approval.

Litecoin and ONDO have both entered a corrective phase after experiencing significant gains in early January. The decrease in volume and stretched valuations have led traders to reassess their investments and focus on projects with clearer supply, timelines, and real product usage. This shift reflects a broader trend in the altcoin market towards projects with…