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TIAN RUIXIANG Announces Groundbreaking USD1.5 billion plan to acquire 15,000 BTC from a Strategic Investor, Unveiling Deep AI and Cryptocurrency Synergy Partnership
Globenewswire· 2026-02-03 14:21
Core Viewpoint - TIAN RUIXIANG Holdings Ltd has entered a transformative strategic agreement with a leading global digital asset investor, involving the injection of 15,000 Bitcoins in exchange for a significant equity stake, aimed at driving innovation and market leadership in AI and cryptocurrency ecosystems [1][2]. Group 1: Strategic Partnership and Investment - The strategic investor is a highly-respected entity with extensive expertise and networks in the cryptocurrency space, bringing not only a substantial Bitcoin injection but also valuable industry insights and resources [2]. - The equity-based transaction reflects the investor's confidence in TIRX's long-term vision and management team, enhancing TIRX's financial position and shareholder value [2][4]. Group 2: Innovation and Collaboration - The partnership will establish a joint global innovation lab, focusing on developing AI-powered cryptocurrency trading systems, blockchain infrastructure, and innovative AI-crypto fusion products [3]. - Key collaboration areas include enhancing scalability and security in decentralized applications and exploring new markets in digital assets, leveraging TIRX's AI capabilities and the investor's market insights [3][4]. Group 3: Long-term Vision and Market Positioning - This transaction embodies TIRX's long-term strategic vision to dominate the convergence of AI and cryptocurrency, aiming to redefine technological innovation and market competition [4]. - The company believes that the partnership will accelerate product development, expand market reach, and drive mass adoption of digital finance solutions globally [4][6].
Here’s How I’m Playing Bitcoin’s Latest Plunge
Yahoo Finance· 2026-02-03 14:18
Quick Read Bitcoin dropped more than 14% to start 2026. Gold fell 10% in a single day. Bitcoin failed to benefit from the selloff. Quantum computing advancement adds uncertainty to the mix. Investors rethink 'hands off' investing and decide to start making real money A new year hasn't marked a turn in the price of Bitcoin (CRYPTO:BTC) and other cryptocurrencies. While there's plenty to be concerned about as Bitcoin prices take a few steps lower following the bloodbath witnessed in the precious me ...
SRx Health Solutions Significantly Reduces Short Position of Cryptocurrency Portfolio Amidst Current Market Volatility
Globenewswire· 2026-02-03 14:15
NORTH PALM BEACH, Fla., Feb. 03, 2026 (GLOBE NEWSWIRE) -- SRx Health Solutions, Inc. (NYSE American: SRXH) (the "Company") today announced it has significantly reduced its short position across its cryptocurrency portfolio of Bitcoin and Ethereum amidst current market volatility. Previously, the Company disclosed a cryptocurrency portfolio of approximately $18 million across Bitcoin and Ethereum as part of its digital treasury management strategy. The decision to reduce its short position to nearly zero has ...
Galaxy Digital reports Q4 loss as digital asset prices fall, posts full-year adjusted EBITDA gain
Yahoo Finance· 2026-02-03 13:50
Core Insights - Galaxy Digital reported a net loss of $482 million in Q4, primarily due to a 24% decline in total cryptocurrency market capitalization [1] - For the full year, the company experienced a net loss of $241 million, impacted by lower digital asset prices and $160 million in one-time costs related to bitcoin mining infrastructure and corporate reorganization [2] - Despite losses, Galaxy achieved an adjusted gross profit of $426 million and adjusted EBITDA of $34 million for the full year, indicating operational resilience [3] Financial Performance - In Q4, Galaxy's Global Markets segment generated an adjusted gross profit of $30 million, down from a record quarter earlier, with trading volumes declining by about 40% [4] - The Asset Management and Infrastructure Solutions segment reported $21 million in adjusted gross profit in Q4, with $6.4 billion in assets under management and $5.0 billion in assets under stake [5] - The asset management business recorded $2.0 billion in net inflows during 2025, representing 34% organic growth, alongside the expansion of its institutional staking platform [6]
Moscow Exchange Plans Solana, Ripple and Tron Futures as Crypto Index Suite Expands
Yahoo Finance· 2026-02-03 13:38
Core Viewpoint - The Moscow Exchange (MOEX) plans to expand its cryptocurrency offerings in 2026 by launching new futures contracts linked to major digital assets such as Solana, Ripple, and Tron [1][2][3] Group 1: New Product Launches - MOEX will introduce three new crypto indices that reflect the price dynamics of Solana, Ripple, and Tron, followed by futures contracts based on these indices [2][3] - The exchange currently offers futures on Bitcoin and Ethereum and aims to broaden its crypto pairings with top market names [3] Group 2: Index Foundation for Futures - Futures contracts on crypto assets require underlying indices as reference prices, which MOEX currently provides for Bitcoin and Ethereum [4][5] - The indices are calculated according to a transparent methodology and are published on the exchange's website [5] Group 3: Contract Specifications - The new futures contracts will be cash-settled, similar to existing Bitcoin and Ethereum contracts, and will expire monthly [6] - These contracts will comply with current Bank of Russia regulations and will only be available to qualified investors [6] Group 4: Future Considerations - MOEX is also considering the introduction of perpetual futures and options for major cryptocurrencies, including Bitcoin and Ethereum, after expanding its range of futures pairs [7]
Ethereum Price Warning: $1,500 Risk Appears As a Bullish Metric Drops 90%
Yahoo Finance· 2026-02-03 13:00
Core Insights - Ethereum price shows early signs of stabilization after a sharp sell-off, rebounding about 4.6% from a low near $2,160, but this may be a relief bounce within a broader falling wedge pattern [1] - On-chain data indicates weakening long-term holder behavior and profit-loss metrics, suggesting the rebound may lack strong conviction [1][5] - If current trends persist, Ethereum could be vulnerable to further declines, potentially reaching $1,500 [1] Price Movement and Technical Analysis - Since mid-January, Ethereum has experienced a nearly 37% decline to lows around $2,160, following a bearish divergence where price made higher highs while the Relative Strength Index (RSI) made lower highs [2] - The price has remained within a falling wedge, a typically bullish structure indicating weakening selling pressure [3] Long-term Holder Behavior - Long-term holder conviction has weakened significantly, with the Hodler Net Position Change dropping from a peak of +338,708 ETH on January 18 to around +40,953 ETH by February 2, a decline of nearly 90% [5][6] - The reduction in accumulation by long-term holders during the correction suggests that the market may not have reached a true bottom, as strong bottoms typically see continued accumulation despite falling prices [7] Profit and Loss Metrics - Ethereum's Net Unrealized Profit/Loss (NUPL) and exchange transfer data indicate that rallies are being sold, with NUPL measuring the profit or loss holders have on paper [8]
Elon Musk Seeks Crypto Experts for xAI After SpaceX Merger: Here’s Why
Yahoo Finance· 2026-02-03 12:53
Core Insights - Elon Musk announced the merger of his AI startup, xAI, with SpaceX, creating a private company valued at approximately $1.25 trillion [1] - xAI is actively seeking "crypto experts" to enhance its AI models with insights from cryptocurrency markets, indicating a strategic focus on AI-driven financial analysis rather than direct trading [2][5] Group 1: Company Developments - The merger between xAI and SpaceX positions the combined entity as a significant player in the AI and space sectors, leveraging resources and expertise from both companies [1][8] - xAI's job listing for a "Finance Expert – Crypto" role emphasizes the need for high-quality data annotations and evaluations to refine AI models, particularly in the context of cryptocurrency [2][5] Group 2: Strategic Focus - The hiring of crypto experts aligns with Musk's vision to integrate AI with advanced technologies, including space exploration and financial systems, particularly cryptocurrencies [4] - The role of crypto experts will involve training AI on various topics, including quantitative finance in crypto markets, derivatives trading, and on-chain analytics [6][7] Group 3: Future Applications - xAI aims to develop AI-driven financial agents capable of analyzing cryptocurrency markets continuously, enhancing predictive analytics on market trends and blockchain data [7] - The merger with SpaceX provides xAI access to engineering talent and space-based AI computing potential, positioning the company to lead in the integration of AI and finance [8]
Galaxy Digital shares decline 14% after $482 million Q4 loss
Yahoo Finance· 2026-02-03 12:44
Core Insights - Galaxy Digital's stock experienced a significant decline of over 14% following a net loss of $482 million for Q4 2025, which was below analyst expectations [1][2] - The company's revenue for the quarter was reported at $10.2 billion, falling short of the anticipated $12 billion [1][3] Financial Performance - Adjusted earnings per share (EPS) reported a loss of $1.08, compared to the forecasted loss of up to $0.99 [2] - Despite the quarterly losses, Galaxy generated $426 million in adjusted gross profit for the year and ended with $2.6 billion in cash and stablecoins [3] Market Context - The price drop in Galaxy's stock occurred during a time when most other crypto equities were recovering from a market crash, with Bitcoin losing its position among the top 10 assets by market capitalization [2] - The overall crypto market has shown slight negativity, with Bitcoin down over 2.5% and Ether losing 4.1% in value over the last 24 hours [3] Business Developments - Galaxy Digital reported growth in its trading and asset management segments, claiming record trading profits and volumes [4] - The asset platform attracted $2 billion in net inflows, concluding 2025 with total assets of $12 billion [4] - The company doubled its approved data center power capacity to over 1.6 gigawatts due to new agreements and regulatory approvals in Texas [4]
One Fund Discloses $9 Million Ethereum ETF Exit as Crypto Market Downturn Worsens
Yahoo Finance· 2026-02-03 12:40
Core Viewpoint - Apeiron Capital Limited has sold its entire position in the iShares Ethereum Trust ETF (NASDAQ:ETHA) for approximately $8.99 million during the fourth quarter of 2025, indicating a strategic shift away from cryptocurrency investments [1][2]. Group 1: Transaction Details - Apeiron Capital sold all 285,400 shares of the iShares Ethereum Trust ETF, resulting in a net position change of $8.99 million for the quarter [2]. - The fund's ETHA stake is now zero, reflecting a complete divestment from this investment [2]. Group 2: ETF Performance and Market Context - As of January 30, 2026, ETHA shares were priced at $20.17, down 17.7% over the past year, significantly underperforming the S&P 500 by 32.0 percentage points [3]. - The one-year losses for ETHA have exceeded 30%, driven by broader volatility in the cryptocurrency market [3][9]. Group 3: ETF Overview and Strategy - The iShares Ethereum Trust ETF has assets under management (AUM) of $10.3 billion, providing a regulated vehicle for investors to gain exposure to ether without managing digital wallets [4][5]. - The ETF aims to closely track the value of ether while minimizing operational complexities for investors, targeting both institutional and retail investors [7]. Group 4: Implications of the Transaction - Selling out of the Ethereum ETF does not necessarily reflect a negative outlook on blockchain technology but rather a decision to allocate capital where it can be more effective [8]. - Apeiron's remaining portfolio is focused on operating businesses, suggesting a strategic pivot towards investments with more predictable fundamentals rather than speculative assets [10].
Why Is Crypto Up Today? – February 3, 2026
Yahoo Finance· 2026-02-03 11:54
Market Overview - The crypto market cap increased by 2.5% to $2.72 trillion, with 95 of the top 100 coins experiencing price increases [5][4] - Bitcoin (BTC) rose by 2.8% to $78,533, while Ethereum (ETH) gained 4.3% to $2,318 [4][5] - The total crypto trading volume reached $160 billion [5] Legislative Developments - US crypto market structure legislation failed to pass the Senate due to disagreements on stablecoin yield offerings [1] - The White House is seeking a compromise on stablecoin yields by the end of the month [5][4] Price Movements - Among the top 10 coins, all saw price increases, with notable gains from Lido Staked Ether (STETH) at 4.5% and Ethereum (ETH) at 4.3% [2][3] - Monero (XMR) and Zcash (ZEC) were the only coins to drop, down 5.6% and 4.7% respectively [1] Market Sentiment - The crypto fear and greed index decreased to 17, indicating extreme fear among market participants [15] - Traders are preparing for potential downside, with significant put buying observed around the $78,000-$74,000 strikes [10][7] ETF Flows - US Bitcoin spot ETFs saw inflows of $561.89 million, while Ethereum ETFs experienced outflows of $2.86 million [16][17] - Fidelity led Bitcoin ETF inflows with $153.35 million, while BlackRock faced negative flows of $82.11 million in its Ethereum ETF [16][17] Technical Analysis - Bitcoin's support is forming around $70,000, with critical resistance at $80,000 [9][13] - Ethereum is nearing a potential drop below $2,000, but could recover if it holds the $2,350 zone [14]