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Cryptos crumble, bitcoin falls through $66,000, as Friday's bounce fades
Yahoo Finance· 2026-02-11 15:58
Cryptocurrency Market - Bitcoin (BTC) experienced a significant drop, bottoming at $60,000 before a rally brought it close to $72,000, but it has since fallen to just below $66,000, down more than 4% in the last 24 hours [1] - Ether (ETH) and Solana (SOL) are down approximately 5.5%, while XRP is down 3.5% [1] - Bitcoin perpetual futures open interest has decreased by 51% from its October 2025 peak, indicating a retreat in trader conviction and leverage [5] - Monthly trading volume on crypto exchanges has declined by about 65%, contrasting with a 221% year-over-year increase in trading volume on the Kospi stock market [6] Stock Market Impact - U.S. stocks have returned to a flat position after earlier gains, while gold and silver prices have increased by 0.8% and 3.2%, respectively [2] - The U.S. government reported January job growth of 130,000, nearly doubling economist forecasts, with the unemployment rate unexpectedly dipping to 4.3% [2] - Following the job report, interest rate traders have reduced expectations for imminent Federal Reserve rate cuts, now pricing in a 6% chance for a March easing and a 23% chance for an April rate cut [3] Crypto-Related Stocks - Robinhood (HOOD) shares fell by 12.5% due to a sharp decline in crypto trading revenue in Q4, negatively impacting Coinbase (COIN), which is down by 7% ahead of its earnings report [6] - Other crypto-related stocks such as Strategy (MSTR) and Bitmine Immersion (BMNR) are down by 4.5% and 3.8%, respectively, with Circle Financial (CRCL) down 4.7%, Galaxy Digital (GLXY) down 3.2%, and Bullish (BLSH) down 5.3% [7]
Ripple Announces Partnership To Expand Into ETH, SOL Staking
Yahoo Finance· 2026-02-11 15:31
Core Insights - Ripple has partnered with Figment to enable Ethereum and Solana staking through Ripple Custody, allowing banks to offer crypto services without the need for their own infrastructure [1][2]. Group 1: Institutional Custody and Staking - Banks can now provide Ethereum and Solana staking rewards to customers without operating their own validator computers, generating annual returns of approximately 3-4% by locking crypto to secure blockchain networks [2]. - The partnership with Securosys enhances secure key storage systems, enabling institutions to manage their crypto assets without incurring high hardware costs [2]. Group 2: Ripple's Strategic Positioning - This expansion indicates Ripple's shift towards becoming a multi-chain provider, allowing banks to serve customers holding Ethereum and Solana in addition to XRP [4]. - Aaron Slettehaugh, SVP of Product at Ripple, emphasized that these integrations simplify the management of complex technology stacks, facilitating quicker deployment and scalable solutions for customers [4].
Paxos Labs 与隐私聚焦的 Layer 1 网络 Aleo 合作,推出原生隐私保护稳定币 USAD
Xin Lang Cai Jing· 2026-02-11 14:38
Core Viewpoint - Paxos Labs has partnered with privacy-focused Layer 1 network Aleo to launch a native privacy-preserving stablecoin, USAD, utilizing Aleo's ZK technology, reflecting a growing institutional interest in privacy solutions without sacrificing transaction details [1] Group 1 - Paxos Labs and Aleo's collaboration aims to address the increasing demand for privacy in blockchain transactions [1] - The USAD stablecoin is designed to leverage blockchain asset advantages while maintaining transaction confidentiality [1] - Circle has also chosen Aleo to pilot a privacy-preserving version of its USDC stablecoin, named USDCx [1]
X @Bloomberg
Bloomberg· 2026-02-11 14:30
Val Vavilov was an early cryptocurrency adopter who built Bitfury over 15 years into one of the biggest players in the industry by designing hardware to mine Bitcoin. https://t.co/naBNpGa6UL ...
X @Uniswap Labs 🦄
Uniswap Labs 🦄· 2026-02-11 14:05
Read the full announcement ↓https://t.co/nAhtRhVEy2 ...
Solana ETFs Post Best Session Since Mid-January
Yahoo Finance· 2026-02-11 14:02
Core Insights - U.S. spot Solana ETFs experienced their strongest performance in nearly a month, with net inflows of $8.43 million on February 10, breaking a two-day outflow streak [1] - Despite a 3.8% drop in Solana's price, the inflows indicate a resilient interest in Solana ETFs, particularly from Bitwise and Fidelity [2] Inflows and Market Performance - Bitwise's BSOL led the inflows with $7.70 million, while Fidelity's FSOL attracted $732,040, while other major sponsors saw negligible movement [2] - Spot Solana ETFs now manage a total of $700.21 million in assets, representing approximately 1.49% of Solana's total market cap of $46.3 billion [2] Comparative Performance - Solana's inflows were modest compared to Bitcoin ETFs, which saw $166 million, and Ethereum ETFs with $13.82 million, but outperformed XRP ETFs, which recorded $3.26 million [3] - Solana's price has dropped 15.5% over the past week and 42% over the past month, currently trading at $81.33 [3] Market Sentiment - Market participants are pessimistic, with a 65.4% probability assigned to Solana's price dropping to $40, compared to a 9.1% chance of reaching a new all-time high before July [4] - The broader crypto market's fear, particularly following Bitcoin's sustained drop, has contributed to this pessimism, leading to significant liquidation events [5]
Ethena-backed suiUSDe stablecoin goes live on Sui with $10 million yield vault launch
Yahoo Finance· 2026-02-11 13:59
Core Insights - The launch of the Ethena-backed eSui Dollar (suiUSDe) on Sui Mainnet expands the network's stablecoin offerings and introduces the first synthetic dollar for on-chain trading and yield infrastructure [1] - SUI Group Holdings has seeded the newly launched suiUSDe vault with $10 million, marking a significant initial stablecoin deployment on Sui [2] - Despite market weakness, the total value locked (TVL) in decentralized finance remains stable, indicating continued demand for yield and passive income [3] Company Developments - The suiUSDe vault, operated by Ember Protocol and incubated by the Bluefin team, is designed to provide stablecoin-based yield to both institutional and retail participants, with an initial capacity of $25 million [2] - The launch of suiUSDe aims to establish reliable dollar infrastructure on Sui, as stated by Marius Barnett, Chairman of SUI Group [8] Industry Trends - Synthetic dollars like suiUSDe are designed to function as on-chain market infrastructure, integrating directly with margin engines and liquidation logic, allowing them to act as active collateral and liquidity drivers [4][5] - The demand for synthetic dollars has increased alongside the rise of yield and leverage-focused strategies, demonstrating a need for capital efficiency in a single instrument [6] - The DeepBook Margin system allows synthetic dollars to be used natively for leveraged trading and risk management, enhancing the trading experience within a single execution venue [7]
Tether 发布首份全球 USDT 生态系统目录“USDT Tether Directory”
Xin Lang Cai Jing· 2026-02-11 13:35
Core Insights - Tether has released its first global USDT ecosystem directory, named "USDT Tether Directory," which serves as a public resource [1] - The directory aims to outline the locations and methods of USDT usage across exchanges, payment platforms, wallets, infrastructure providers, and other financial service institutions [1] - The purpose of this initiative is to provide users, developers, institutions, and regulatory bodies with a deeper understanding of USDT's applications in the real world [1]
Early Bitcoin Supporter Eric Voorhees Buys Millions in Tokenized Gold, as Tether’s $23B Holdings Overtakes Governments
Yahoo Finance· 2026-02-11 13:17
Core Insights - Early Bitcoin advocate Eric Voorhees has invested $6.81 million in tokenized gold, indicating a shift towards traditional assets amid Bitcoin's price pressures [3][8] - Tether has significantly increased its gold reserves, now estimated at around $23 billion, positioning itself among the top gold holders globally [5][6][8] - The convergence of crypto investments in tokenized gold and Tether's accumulation of physical gold highlights a trend of the crypto sector embracing traditional safe havens [7][8] Group 1: Eric Voorhees' Investment - Voorhees created nine new wallets and purchased 1,382 PAX Gold (PAXG) tokens at an average price of $4,926 [3] - This purchase comes as gold prices are near record highs, reflecting a growing intersection between digital assets and traditional commodities [2][4] Group 2: Tether's Gold Holdings - Tether's gold holdings are reported to be around 148 tonnes, with purchases exceeding those of most individual central banks [5][6] - The firm acquired approximately 26 tonnes in Q4 2025 and an additional 6 tonnes in January, indicating aggressive accumulation strategies [5] Group 3: Market Trends - Gold prices have surged nearly 50% in the last six months due to strong central bank demand and macroeconomic pressures [4] - The actions of crypto investors like Voorhees suggest a tactical shift towards lower-volatility assets, as accessibility to tokenized real-world assets increases [4]
DDC Extends Bitcoin Accumulation Program into Fifth Consecutive Week
Businesswire· 2026-02-11 13:12
"Company†), a global Asian food platform and digital asset treasury company, today announced the acquisition of 100 Bitcoin (BTC), increasing its total holdings to 1,683 BTC under its structured Bitcoin accumulation program. This marks the Company's third Bitcoin purchase of 2026 and reflects its continued commitment to a disciplined approach to treasury management. DDC's strategy integrates digital assets as a...[Back to Newsroom] DDC Extends Bitcoin Accumulation Program into Fifth Consecutive Week-# DDC ...