Sam Bankman-Fried, who is currently serving a 25-year sentence for the FTX scam, alleged on Wednesday that the Justice Department under Joe Biden threatened key defense witnesses, preventing them from testifying that the exchange was solvent.SBF Wants New TrialBankman-Fried, popularly known as SBF, filed a request for a new trial in a Manhattan court. The motion, filed on February 5, stated that Daniel Chapsky, former FTX head of partnerships, Ryan Salame, former FTX Digital Markets co-CEO, and Nishad Singh ...

Core Insights - Binance holds $4.7 billion of the total $5.4 billion supply of the stablecoin USD1, representing the highest concentration on any third-party exchange among the top 10 stablecoins by market capitalization [2] - USD1 is now the fourth-largest stablecoin by market capitalization, designed to maintain a 1:1 peg with the U.S. dollar, surpassing PayPal USD and Dai [4] Group 1 - Binance's control over USD1 raises concerns about concentration risk, as it holds approximately 87% of USD1 in wallets controlled by the exchange [2][3] - The exchange's involvement with USD1 is described as limited to standard listing, infrastructure, and market-access services [3] - Binance's 2023 settlement with the Treasury Department prohibits it from serving American customers, indicating a strategic limitation in its operations [3] Group 2 - The stablecoin USD1 was utilized in a $2 billion deal between Abu Dhabi investment firm MGX and Binance, which has led to allegations of a potential quid pro quo involving the Trump family and Binance's former CEO [5] - Binance's CEO has denied allegations of impropriety, clarifying that the transaction was a payment rather than an investment in World Liberty Financial [6] - Binance's U.S. affiliate is reportedly preparing for a comeback, as stated by the CEO at the World Economic Forum [6]

🚨 BREAKING: UK'S FCA ESCALATES LEGAL ACTION AGAINST EXCHANGE HTXThe Financial Conduct Authority has asked Apple, Google, and social media platforms to block @HTX_Global from UK consumers after the exchange ignored repeated warnings about illegal crypto promotions.This is the FCA's first-ever enforcement action against a crypto firm for illegally marketing to UK consumers.HTX, formerly Huobi, has been promoting services on TikTok, X, Instagram and YouTube in breach of UK rules since 2023. The FCA describes i ...

New York, New York--(Newsfile Corp. - February 11, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of investors in cryptocurrency issued by Balancer (ticker: BAL), resulting from allegations that Balancer may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Balancer cryptocurrency you may be entitled to compensation without payment of any out of pocket fees or costs through ...

RT THE HUNTER (@TrueGemHunter)Something is wrong with Binance ⚠️Binance inflow and outflow data just disappeared.For the number one exchange in the world that is a big red flag.In crypto, transparency is everything.So why is it gone? Are they hiding something? https://t.co/yahS2moRVP ...

Market Overview - Bitcoin is experiencing its fourth consecutive negative week, with a loss of over 10% compared to the previous week, while Ether and Solana have dropped nearly 12% and over 15% respectively [2] - The S&P 500 index, in contrast, rose nearly 1% during the same period, highlighting the underperformance of cryptocurrencies against traditional markets [2] Industry Insights - Michael Saylor maintains a bullish outlook on Bitcoin, predicting it will outperform the S&P 500 by doubling or tripling its performance over the next 4 to 8 years [3] - Barry Bannister from Stifel expresses concerns that Bitcoin may struggle without rate cuts from the Federal Reserve, suggesting it behaves more like an overextended tech stock rather than a hedge against inflation [3][4] Regulatory Developments - The CNBC Digital Finance Forum featured discussions on the evolving regulatory landscape for digital assets, with CFTC Chair Michael Celig addressing new legislation aimed at enhancing the agency's regulatory authority over digital assets [5] - The proposed legislation aims to clarify the definition of securities, potentially reducing the SEC's control over this area [6] Market Sentiment - Mike Novogratz from Galaxy Digital describes the current market downturn as more distressing than previous bear markets due to the lack of a clear cause for the decline [7][8] - There is optimism regarding the Clarity Act, a crypto market structure bill that has faced delays [8][9] Technological Advancements - Robinhood has launched a public test net for its blockchain platform, Robinhood Chain, which is an Ethereum layer 2 solution built on Arbitrum, aimed at increasing on-chain trading activity [10][11] - The platform has expanded its tokenization efforts, growing from 200 assets to over 2,000 since its initial launch [12] Future Prospects - Robinhood aims to merge traditional finance with crypto by allowing developers and customers to build on its blockchain, with plans for a mainnet launch dependent on feedback from the test net [18][19] - The company emphasizes the importance of tokenization in modernizing trading practices, advocating for a shift away from outdated systems [21][22] Competitive Landscape - Robinhood differentiates itself from competitors by focusing on user experience, accessibility, and reducing fees, while also acknowledging the growing interest in tokenized stocks from major financial players [24][25]

Core Viewpoint - MYX Finance price has dropped significantly below the $5.00 level, indicating increased downside risk and a bearish market structure [1][6]. Price Movement and Market Sentiment - MYX price has decreased by 23% in the last 24 hours, currently trading at $4.87, and is breaking down from a bearish ascending wedge pattern [6][7]. - The market sentiment has shifted towards bearish, with increased short positioning among MYX traders, as evidenced by negative funding rates in the futures market [2][3]. Technical Indicators - The Money Flow Index (MFI) shows heavy selling pressure, trending lower and indicating sustained capital outflows, confirming bearish momentum in short-term trading [4]. - Although the MFI is nearing the oversold threshold, it has not yet dropped below 20.0, which typically signals potential accumulation at discounted prices [5]. Potential Price Targets - The wedge structure suggests a potential decline of 43% towards $2.81, with a more immediate target near the $4.07 support zone [7]. - A confirmed break below $4.61 would increase the likelihood of testing the $4.07 level, with further downside risk if broader crypto sentiment worsens [8]. Investor Behavior and Future Outlook - A shift in investor behavior could change the current outlook if MYX becomes oversold, leading to potential stabilization if inflows exceed outflows [9]. - A decisive move above the $5.75 resistance level could invalidate the bearish thesis and drive the price towards $6.00 in the near term [9].

Core Viewpoint - Hong Kong, a significant financial hub, is facing competitive pressure from the UAE, which has established a robust regulatory framework for cryptocurrency and blockchain technology [1][2]. Group 1: Regulatory Environment - The UAE has created a solid regulatory framework for virtual assets, with dedicated regulatory authorities in regions like Dubai and Abu Dhabi [3]. - Hong Kong's regulatory approach is characterized by transparency, certainty, and predictability, which has remained consistent even during market fluctuations [5]. - Under Hong Kong's mandatory licensing regime for virtual asset trading platforms (VATPs), 11 licenses have been granted since the framework's implementation two and a half years ago [5]. Group 2: Future Developments - The stablecoin regulatory regime initiated in August is expected to issue its first batch of licenses in the first quarter of this year [6]. - A licensing regime for digital asset dealers and custodians is anticipated to be proposed by Hong Kong's financial secretary later this year, following necessary consultations and legislative readings [6][7]. - The regulatory process, while lengthy, is deemed important for ensuring industry participants are informed and can voice their concerns, minimizing surprises [7].

RT THE HUNTER (@TrueGemHunter)Something is wrong with Binance ⚠️Binance inflow and outflow data just disappeared.For the number one exchange in the world that is a big red flag.In crypto, transparency is everything.So why is it gone? Are they hiding something? https://t.co/yahS2moRVP ...

Core Viewpoint - The U.S. House Financial Services Committee is scrutinizing the SEC's enforcement actions regarding Justin Sun and his connections to Donald Trump, raising concerns about potential political influence on regulatory decisions [1][2]. Group 1: SEC's Enforcement Actions - The SEC has largely abandoned previous crypto enforcement cases since the leadership change under Trump, including the investigation into Justin Sun for allegedly inflating the price of TRX [2][5]. - Justin Sun was accused by the SEC in 2023 of artificially inflating TRX's trading volume through a "wash trading" scheme, involving over 600,000 wash trades [3]. - The SEC paused the case against Sun in court a year ago while considering a potential resolution, which has not yet been announced [3]. Group 2: Political Connections and Implications - Representative Maxine Waters highlighted Sun's connections to Trump's business interests, suggesting that these ties may have influenced the SEC's enforcement decisions [4]. - The SEC's new leadership has criticized the previous "regulation-by-enforcement" approach, leading to the dropping of high-profile cases against major crypto companies [5]. - SEC Chairman Paul Atkins stated that the agency's focus will be on real fraud, but did not clarify if this extends to fraud in the crypto market [5][6].