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X @Wu Blockchain
Wu Blockchain· 2026-02-07 01:07
Scott Bessent: Administration's Policy Is to Add Seized Bitcoin to Our Digital Asset ReserveOn January 20, 2026, U.S. Treasury Secretary Scott Bessent addressed inquiries during a press briefing in Davos. Bessent highlighted the passage of the "Genius Act" for stablecoins, aiming to establish a regulatory regime that brings digital asset innovation back to the U.S. Regarding seized assets, he stated that the administration's policy is to incorporate seized Bitcoin into the digital asset reserve after damage ...
X @Sei
Sei· 2026-02-06 20:42
Learn more about using x402 on Sei: https://t.co/ORt4fGE3SVSei Labs (@Sei_Labs):Coinbase has added Sei support for the x402 protocol.Providers of ANY SERVICE can now request fees in stablecoins, settled on Sei.MCP servers. Agentic workflows. Even API providers. Everything moves faster on Sei. https://t.co/1Gfhr8nRGm ...
Federal Reserve ‘skinny master account’ proposal draws comments and clashes from crypto, community banks
Yahoo Finance· 2026-02-06 18:36
Core Viewpoint - The Federal Reserve is proposing a "skinny master account" to provide limited access to its payment services for certain eligible institutions, sparking debate among crypto banks and community banks regarding the inclusion of nontraditional financial firms in the U.S. payment system [2][4]. Group 1: Proposed Master Account Features - A master account allows institutions direct access to the Fed's payment systems and the U.S. money supply, while those without it must rely on partner banks [3]. - The proposed skinny master account would not allow interest on balances and would have limitations on borrowing from the discount window, aiming to mitigate risks associated with nontraditional financial firms [4]. - Anchorage Digital Bank, the first federally chartered crypto bank, supports the initiative but highlights concerns regarding overnight balance limits on payment accounts [5]. Group 2: Concerns and Recommendations - The Federal Reserve is considering a cap of "$500 million or 10% of the Payment Account holder's total assets," which Anchorage argues is essential to remove or raise to avoid operational risks [6]. - The proposed cap could force institutions to sweep client funds to correspondent banks overnight, reintroducing credit and operational risks that the Payment Account aims to eliminate [7]. - The Blockchain Payment Consortium emphasizes the importance of access to central bank settlement systems for implementing the GENIUS Act, which regulates stablecoins at the federal level [7][8].
Bitcoin gets slashed in half. What's behind the crypto's existential crisis
CNBC· 2026-02-06 17:03
Core Viewpoint - The cryptocurrency market, particularly Bitcoin, is experiencing a significant downturn, with Bitcoin falling to around $60,000, leading to a reassessment of its utility as a digital currency and store of value [1][2][4]. Market Performance - Bitcoin dropped to a low of $60,062, marking a decline of over 52% from its all-time high of $126,000 in early October 2025 [2]. - In a single day, Bitcoin lost more than 15%, with its daily relative strength index falling to 18, indicating extreme oversold conditions [3]. - Other cryptocurrencies, such as Ether and Solana, also saw declines of 24% and 26% respectively for the week, reflecting a broader loss of confidence in the crypto market [3]. Institutional Sentiment - Institutional interest in Bitcoin appears to be waning, as evidenced by significant outflows from spot Bitcoin exchange-traded funds (ETFs), which recorded over $3 billion in outflows in January alone, following $2 billion in December and $7 billion in November [9]. - Investors are increasingly skeptical about the willingness of financial institutions and governments to adopt Bitcoin, which has been a major driver of its value in recent years [7]. Comparative Analysis - Over the past year, Bitcoin has decreased by 28%, while gold has increased by 72%, highlighting gold's effectiveness as a hedge against macroeconomic risks [5]. - Bitcoin has been trading down alongside other risk-on assets, raising doubts about its status as a safe haven during periods of economic uncertainty [6]. Market Dynamics - The current market downturn is characterized as a macro-driven deleveraging rather than a structural failure within the crypto ecosystem [5]. - Efforts to position Bitcoin as "digital gold" or an alternative to traditional safe havens have lost traction, with many initiatives to promote Bitcoin as a payment method failing to gain momentum [10][11]. Future Outlook - Despite the current challenges, some investors remain optimistic about Bitcoin's long-term potential, although there is a growing concern about the security of its underlying network [12][13].
X @Decrypt
Decrypt· 2026-02-06 16:36
China Formalizes Ban on Yuan Stablecoins, RWA Tokenizationhttps://t.co/El3w1flmfl ...
X @BSCN
BSCN· 2026-02-06 14:05
🚨LATEST: CHINA BANS UNAPPROVED ISSUANCE OF YUAN-LINKED STABLECOINS ABROADPer Bloomberg, China has banned domestic companies from issuing Yuan-backed stablecoins abroad without official approval.The move tightens Beijing’s grip on digital assets, reinforcing state control as on-chain finance edges closer to traditional markets. ...
X @Watcher.Guru
Watcher.Guru· 2026-02-06 13:29
JUST IN: 🇨🇳 China bans unapproved overseas issuance of yuan-linked stablecoins. ...
X @Token Terminal 📊
Token Terminal 📊· 2026-02-06 13:14
RT Stani.eth (@StaniKulechov)Great example how fintechs grow their stablecoins with @aave. ...
X @BSCN
BSCN· 2026-02-06 11:54
🚨NEW: BINANCE UPDATES SAFU FUND $BTC CONVERSION@Binance confirms it has purchased 3,600 $BTC using $250M in stablecoins as part of its SAFU fund asset conversion.Total SAFU holdings now stand at 6,230 $BTC. https://t.co/b1bzEdqRQ5BSCN (@BSCNews):🚨 BREAKING: BINANCE SAFU FUND ADDS $233M MORE IN BTC@Binance’s SAFU Fund has acquired an additional 3,600 $BTC worth $233.37M, according to @arkham data.This brings the fund’s total recent purchases to 6,230 BTC.The combined value of the buys stands at approximately ...
X @The Block
The Block· 2026-02-06 10:44
Sen. Cynthia Lummis urges US banks to embrace stablecoins and digital assets amid crypto bill delays https://t.co/nhzigVYDG5 ...