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BSCN· 2026-02-03 16:00
🚨BREAKING: CRYPTO[.]COM LAUNCHES "OG"; STANDALONE PREDICTION MARKETS PLATFORM@Cryptocom has launched a prediction markets business into a dedicated app "OG," offering CFTC-regulated event contracts across sports, politics, finance, and entertainment.The first 1 million users receive up to $500 in rewards. ...
White House meeting fails to resolve US crypto legislation stalemate
Yahoo Finance· 2026-02-03 15:45
Group 1 - The White House meeting aimed to resolve a stalemate between major U.S. banks and cryptocurrency firms regarding digital-asset legislation but ended without an agreement, highlighting ongoing industry divisions [1][2] - Representatives from both the banking and crypto industries attended the meeting, including notable trade groups such as the American Bankers Association and the Blockchain Association [3] - The primary contention revolves around how the proposed legislation treats interest and rewards on stablecoins, with banks advocating for prohibitions on such practices [4][5] Group 2 - Crypto companies argue that offering rewards like interest is essential for attracting new customers, while banks fear this could lead to a loss of deposits, jeopardizing financial stability [5][6] - The meeting was intended to facilitate compromise after the Senate Banking Committee postponed a markup due to rising objections from both sectors [6] - The Clarity Act aims to establish federal regulations for digital assets, addressing the crypto industry's concerns about existing inadequate rules [7][8]
MetaMask integrates Ondo to offer 200+ tokenized U.S. stocks inside crypto wallet
Yahoo Finance· 2026-02-03 15:00
Core Insights - MetaMask has integrated with Ondo Finance's Global Markets platform to provide access to tokenized U.S. stocks, ETFs, and commodities [1][3] - Eligible MetaMask mobile users in supported non-U.S. jurisdictions can trade over 200 U.S. tokenized securities directly within the wallet [2] - The integration signifies a shift towards blending traditional finance with on-chain markets, as the tokenized real-world assets market exceeds $22 billion globally [3] Group 1 - The integration allows users to buy and trade tokenized securities like Tesla, Apple, and Nvidia without needing a traditional brokerage account [2] - This launch represents one of the first instances of tokenized U.S. equities and ETFs being available through a major self-custodial wallet [3] - Joe Lubin emphasized the need for a better model that allows seamless movement between crypto and traditional assets without intermediaries [4] Group 2 - The current U.S. market access relies on outdated systems, which have not significantly evolved [4] - The move aims to enhance user control and simplify the trading process by eliminating the need for fragmented apps and rigid trading windows [4] - The integration reflects a growing trend in the crypto industry to merge traditional financial systems with blockchain technology [3]
Cathie Wood Scoops Crypto Stocks BMNR, CRCL, BLSH, and HOOD in Recent Fall
Coinspeaker· 2026-02-03 14:38
Group 1: Market Overview - Crypto stocks have experienced significant declines during the recent market correction, prompting Ark Invest CEO Cathie Wood to identify investment opportunities [1][2][5] - On February 2, 2026, major crypto stocks such as Circle (CRCL), BitMine (BMNR), and Bullish (BLSH) saw declines of 8%, 9%, and 5% respectively [2] Group 2: Investment Actions - Ark Invest increased its exposure to crypto-linked stocks through its flagship funds, including the ARK Innovation ETF and the ARK Blockchain & Fintech Innovation ETF [3][8] - The ARKK ETF purchased 235,077 shares of Robinhood (HOOD) valued at $21.1 million and 274,358 shares of BitMine (BMNR) worth approximately $6.2 million [4] Group 3: Inflation and Asset Allocation - Cathie Wood indicated that inflationary pressures are decreasing, with consumer price inflation dropping to 0.86% year-over-year, significantly below the previous 2-3% range [6] - Wood suggested reallocating investments from gold to Bitcoin, asserting a long-term bullish outlook for the cryptocurrency, with a price target of $1.5 million for Bitcoin by 2030 [7][8]
Galaxy Digital reports $482 million loss as bitcoin slumps
MarketWatch· 2026-02-03 14:37
Core Insights - Galaxy Digital reported a significant loss of $482 million in the fourth quarter due to a decline in the value of bitcoin and other digital assets [1] Company Summary - The company is led by billionaire Michael Novogratz [1] - The reported loss reflects the broader challenges faced by the cryptocurrency market as asset values have fallen [1]
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 Insights - TIAN RUIXIANG Holdings Ltd has entered a strategic agreement with a global digital asset investor, involving the injection of 15,000 Bitcoins in exchange for equity, enhancing its position in AI and cryptocurrency [1][2][4] Financial Impact - The Bitcoin infusion represents a significant addition to TIRX's balance sheet, strengthening its financial position and resilience while unlocking substantial shareholder value [2][4] - The transaction is expected to accelerate TIRX's product R&D cycle and expand its global market reach [4][6] Strategic Partnership - The partnership will establish a joint global innovation lab, focusing on AI-powered cryptocurrency trading systems, blockchain infrastructure, and new AI-crypto fusion products [3][4] - The collaboration aims to leverage TIRX's AI capabilities and the investor's crypto market insights to create a competitive advantage in the evolving landscape [3][4] Market Positioning - TIRX aims to dominate the convergence of AI and cryptocurrency, positioning itself as a leader in the integration of these technologies [4][5] - The company is committed to driving mass adoption of innovative digital finance solutions globally [4][6]
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].
Morning Minute: Epstein Was an Early Coinbase Investor
Yahoo Finance· 2026-02-03 13:53
Core Insights - Jeffrey Epstein made a $3 million investment in Coinbase in December 2014, arranged by Tether co-founder Brock Pierce and Blockchain Capital at a $400 million valuation. Coinbase is now valued at approximately $51 billion [2][3] - Coinbase co-founder Fred Ehrsam was aware of Epstein's involvement, as indicated by an email where he expressed interest in meeting Epstein [2][3] - Epstein cashed out half of his stake in Coinbase in 2018 for nearly $15 million, retaining the other half until his death in 2019 [4] Industry Context - The revelation of Epstein's investment raises questions about the early funding sources and the individuals behind significant investments in the cryptocurrency industry [5][7] - The investment occurred during a time when the cryptocurrency sector was less regulated, and due diligence practices were still developing [7]
ZFX山海证券:比特币探底回升 去杠杆压力仍存
Xin Lang Cai Jing· 2026-02-03 13:48
Group 1: Cryptocurrency Market Analysis - The cryptocurrency market is attempting to find a bottom after a volatile weekend, with Bitcoin rebounding approximately 7% to around $79,000, recovering from a low of $75,000 [1][3] - Despite the rebound, ZFX Shanhai Securities indicates that this slight recovery is unlikely to reverse the overall short-term downtrend, as the cumulative decline over the past week remains significant, indicating a need for time to restore market confidence [1][3] - The core factor behind the recent volatility is the chain liquidation in the leveraged market, with over $2 billion in crypto derivatives facing forced liquidation, highlighting the current fragility of market liquidity [1][3] Group 2: Traditional Financial Market Comparison - In contrast to the cryptocurrency market, the traditional financial sector is performing well, with the Dow Jones Industrial Average recording its ninth consecutive month of gains, marking a historic streak [2][4] - The ISM Manufacturing PMI for January unexpectedly rose to 52.6, indicating a return to expansion in the manufacturing sector after a year [2][4] - This strong economic backdrop has attracted significant capital back to mainstream financial assets, leading to declines in crypto-related stocks like Coinbase and MicroStrategy, which fell between 3% and 9% [2][4] Group 3: Future Outlook - Looking ahead to early February, all eyes are on the upcoming January non-farm payroll report, as the heat of the job market will directly influence whether the Federal Reserve will consider restarting its rate-cutting path [5] - For cryptocurrencies, in the absence of new fundamental positive support, the market is expected to oscillate within the range of $78,000 to $82,000 [5] - ZFX Shanhai Securities advises investors to be cautious of potential new rounds of derivative sell-offs if technical support levels are breached again [5]
From Holding to Hedging: The "Crypto Casino" Trade Is Taking Over
Yahoo Finance· 2026-02-03 13:16
Market Overview - The cryptocurrency market is experiencing stagnation, with Bitcoin priced around $78,000, marking a 10-month low and a significant decline from the explosive rallies of late 2024 and 2025 [2] - There has been a notable capital flight from Bitcoin, with over $500 million in outflows from Spot Bitcoin ETFs in the last week, indicating investor fatigue with the lack of market movement [3] Investment Shifts - The current market boredom is prompting a shift in investment strategies, as speculative capital is moving from passive holding to high-velocity trading, indicating a preference for more dynamic investment opportunities [4] - Companies like Cboe Global Markets and Coinbase Global are adapting to this trend by enhancing their platforms to facilitate speculation rather than accumulation, positioning themselves to capture increased trading volume [5] Company Strategies - Cboe Global Markets is combining defensive income through dividends with growth potential via regulated prediction products, appealing to investors seeking stability amid volatility [7] - Coinbase is diversifying its revenue by expanding into derivatives and prediction markets, aiming for long-term sustainability in a changing financial landscape [7]