Category: crypto

Thailand has officially recognized cryptocurrencies like Bitcoin as underlying assets under the Derivatives Trading Act. The SEC will draft rules for crypto-linked derivatives and review licenses for exchanges and brokers. The amendments aim to promote market inclusiveness and allow investors to diversify their portfolios, including offering Bitcoin futures.

Bitwise CEO revealed that a wealth management client invested $11M in Bitcoin during the recent market correction, their first crypto purchase after two years. The client sees the market decline as an investment opportunity, indicating growing interest from institutional and high-net-worth investors in cryptocurrencies like Bitcoin.

Bitcoin’s on-chain loss metrics have reached levels similar to the 2022 Luna collapse, but at higher price points, indicating late-cycle capitulation rather than a systemic crash. The Net Realized Profit/Loss metric hit deeply negative territory on Feb. 7, signaling significant seller pressure and a flushing out of late bull-cycle entries.

Binance has converted its $1 billion SAFU Fund from stablecoins to Bitcoin, with a final purchase of 4,545 BTC bringing total holdings to 15,000 BTC. This move reflects a strategic shift towards using Bitcoin as a long-term reserve asset for user protection during extreme market events. Transaction details were disclosed, and the fund is now…

Cango Inc. sold $305M worth of Bitcoin to repay a loan, reduce leverage, and focus on AI infrastructure. The company plans to continue mining Bitcoin while expanding into AI computing services. The sale comes as competitors shift away from mining towards AI infrastructure due to tightening margins.

Alameda Research’s bankruptcy estate has distributed $15.6 million worth of Solana to creditors in its latest payout, extending a 21-month repayment process. Despite ongoing distributions, Alameda still holds nearly $315 million worth of SOL, raising concerns about potential market impact. Most of Alameda’s SOL holdings were previously sold in OTC deals in 2024.

Binance announces the listing of Espresso on Spot starting Feb. 12, 2026, with token migration from Alpha within 24 hours. The news has already driven up Espresso’s price. Binance Alpha serves as a pre-listing token pool, and Espresso’s price surged after the listing announcement.

Ripple CEO Brad Garlinghouse aims for a $1 trillion valuation by focusing on long-term growth of XRP. Recent acquisitions and partnerships aim to build a unified enterprise stack around XRP. Analysts predict XRP could reach $22-33 in the next cycle, with potential for double-digit prices by 2030.

Israeli authorities have indicted an IDF reservist and a civilian for allegedly using classified military information to place bets on the decentralized prediction market Polymarket. The case has raised concerns about national security risks and the integrity of online betting platforms. The defendants face charges of security-related offenses, bribery, and obstruction of justice.

A 1% cryptocurrency allocation in Asia could bring in around $2 trillion in inflows, potentially reshaping the global market structure. Interest in US-listed crypto ETFs and the growth of regional ETF hubs are driving this trend. Even small portfolio weights could have a significant impact on the market at scale.