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KBank Files for Stablecoin Wallet Trademark as IPO Plans Accelerate
Yahoo Finance· 2026-02-03 12:48
Group 1 - KBank has filed 13 trademark applications for stablecoin wallets, including names like KSC Wallet and Kbank SC Wallet, as it accelerates its IPO plans [1][2] - The trademark applications are classified under software for digital currency, cryptocurrency, and stablecoin transactions, as well as crypto mining and financial services [2] - The planned wallet system is expected to be comprehensive, covering functions such as remittances, payments, and settlements [3] Group 2 - KBank is currently in the process of going public, marking its third attempt at an IPO, with previous attempts in 2023 and 2024 [3][4] - Proceeds from the IPO will be directed towards enhancing its digital asset business, with a listing on the KOSPI scheduled for March 5, 2026 [4] - The IPO trend is notable in the industry, with other companies like Ledger and BitGo also pursuing public offerings, indicating a growing interest in the crypto sector [5][6]
Bitcoin bulls, forget the official stats, U.S. inflation is crashing in real time
Yahoo Finance· 2026-02-03 12:15
Core Insights - The Truflation index, a real-time blockchain-based tracker, has dropped below 1% for the first time since early 2021, indicating significant disinflation [1][2] - The current Truflation reading shows consumer price inflation at 0.86% year-over-year, well below the Federal Reserve's 2% target [3] - Predictions suggest potential interest rate cuts by the Federal Reserve, which could positively impact liquidity-sensitive assets like Bitcoin [2][4] Group 1: Inflation Trends - The Truflation index has decreased from 2.67% since mid-December, contrasting with the official government reading that remains 700 basis points above the Fed's target [1][2] - Analysts, including Cathie Wood from Ark Invest, suggest that inflation could turn negative, opposing forecasts from firms like BlackRock and PIMCO [3] Group 2: Cryptocurrency Market Response - Bitcoin is currently trading around $78,000, approximately 38% below its record price of $126,000 from early October, with some smaller tokens showing recovery [2][5] - The CoinDesk 80 Index has gained 2% over 24 hours, indicating a slight recovery in the crypto market [5] Group 3: Future Outlook - Institutional adoption and the use of stablecoins for cross-border settlements are expected to enhance the depth and interoperability of the crypto market [6] - Over time, these developments may reinforce Bitcoin's characteristics as a hedge against debasement, even if the market has not fully priced this narrative yet [7]
Can the Booming Prediction Market Wave Buoy These 5 Cryptocurrencies?
Yahoo Finance· 2026-02-03 12:13
Over the past year, the interconnections between the prediction market and the crypto market have continued to grow. Top prediction market platforms such as Polymarket and Kalshi now offer contracts that focus on specific cryptocurrencies and crypto-focused events. At the same time, they are expanding their use of blockchain technology to make more efficient markets. With that in mind, a handful of top cryptocurrencies might get a real boost from the booming prediction market. Let's take a closer look. W ...
Coinbase and Big Banks Collide Over Crypto Market Regulations
Yahoo Finance· 2026-02-03 10:16
The corridors of Davos recently witnessed more than just economic forecasts; they became the battleground for a fundamental struggle over the future of money and crypto market regulations. A heated exchange between Coinbase CEO Brian Armstrong and JPMorgan Chase boss Jamie Dimon has underscored a growing divide: a “market structure” war that will ultimately determine who controls our wealth. Coinbase CEO Brian Armstrong reportedly clashed with JPMorgan boss Jamie Dimon at Davos after accusing big banks o ...
ING Germany Opens the Door to Bitcoin, ETH, and Solana ETPs
Yahoo Finance· 2026-02-03 10:16
Core Insights - Early investors in cryptocurrencies like Bitcoin, Ethereum, and XRP have seen significant returns, with Bitcoin increasing by over 1 million percent in the last decade and Ethereum projected to reach $10,000 by 2030 [1] - Institutional interest in cryptocurrencies is growing, with billions being drawn from Wall Street into crypto products, and notable developments occurring in the EU despite regulatory challenges [2] - ING Germany has launched crypto ETP trading for retail investors, allowing direct exposure to Bitcoin, Ethereum, and Solana, coinciding with a period of low crypto sentiment [3][4] Industry Developments - The introduction of crypto ETPs by ING Germany, in partnership with VanEck, reflects a trend where more European crypto firms are offering regulated access to digital assets, treating them similarly to stocks or bonds [4] - A crypto ETP is a security that tracks the price of a cryptocurrency without requiring direct ownership, with banks managing custody and reporting, thus simplifying the investment process for retail investors [5] - The ETPs are available for trading through existing securities accounts, but traders must complete a suitability check before trading, and the underlying assets cannot be withdrawn to third-party wallets [6] Market Impact - The launch of the crypto ETP is seen as a gamechanger for retail investors in Europe, addressing concerns about custody risk that arose after the collapse of exchanges like FTX during the last bear market [7]
The Bitcoin Epstein Files: Is This Why Crypto Is Really Crashing?
Yahoo Finance· 2026-02-03 09:26
Group 1 - A new tranche of heavily redacted Jeffrey Epstein files reveals his involvement in the cryptocurrency space, including discussions about Sharia-compliant digital currencies with unnamed Bitcoin founders in 2016 [1] - Epstein reportedly invested approximately $500,000 in Blockstream in 2014 and supported Bitcoin Core development during a funding crisis that same year [2] - Epstein's investment of $3 million into Coinbase's Series C in December 2014 at a $400 million valuation has significantly appreciated, with Coinbase's current market capitalization near $51 billion [3] Group 2 - Epstein acted as a connective hub in the cryptocurrency ecosystem, leveraging his financial resources and connections across various sectors, although there is no evidence of direct investment coordination with figures like Michael Saylor [5] - A significant portion, 74.79%, of Bitcoin core development and code was committed after Epstein assumed a senior management role as a benefactor [6] - Epstein's discussions about Bitcoin's future included meetings with influential figures such as Larry Summers and Brock Pierce, indicating his deep involvement in the crypto landscape [6]
Crypto Market News Today, February 3: Why is Crypto Up? Are We Back? 3% Bitcoin Price Run, 5% on Ethereum
Yahoo Finance· 2026-02-03 08:57
Market Overview - Bitcoin price rebounded by 3% to the high $78K level, while Ethereum increased by nearly 5% [1] - The recovery is attributed to oversold conditions, with buyers stepping in after a weekend of selling [1] Technical Analysis - Bitcoin price dipped to around $75,000, with support near $74,500 and resistance close to $80,000, indicating a tightening range [2] - A potential catalyst for further price movement could be progress on the US CLARITY bill, which may push Bitcoin towards $82,000 [2] - Ethereum rebounded from an oversold level of $2,200, with a break above $2,600 potentially leading to $2,700 [3] Market Dynamics - Bitcoin dominance has reached 60%, indicating a need for Bitcoin to stabilize for altcoins to gain momentum [4] - The total altcoin market capitalization (TOTAL3) remains firm at around $769 billion, suggesting potential rotation if Ethereum maintains above $2,300 [4] Liquidity and Institutional Activity - Global liquidity is improving, with US M2 up 4.6% year-over-year, Eurozone M3 at 3.1%, and China's M2 growth above 8% [4] - MicroStrategy has added 855 BTC, increasing its holdings to over 713,000 coins, while Binance has converted a significant portion of its SAFU fund into Bitcoin [5] - Regulatory advancements in East Asia, such as Hong Kong's stablecoin licenses and South Korea's AI monitoring systems, are creating a more favorable environment for crypto [5]
FTX Users Reach Proposed Settlement With Fenwick & West in Fraud Lawsuit
Yahoo Finance· 2026-02-03 08:10
Users of the collapsed crypto exchange FTX and Silicon Valley law firm Fenwick & West have reached a proposed settlement in a lawsuit accusing the firm of helping facilitate the fraud that preceded FTX’s downfall. Key Takeaways: FTX users and Fenwick & West reached a proposed settlement in a lawsuit tied to the exchange’s collapse. The deal, whose terms are undisclosed, is set to be submitted for court approval on Feb. 27. The case is part of broader efforts by users to hold advisers and partners acc ...
X @Cointelegraph
Cointelegraph· 2026-02-03 03:30
⚡ INSIGHT: Ethereum DAT Trend Research dumps 73,000 $ETH, South Korea is now fighting crypto market manipulation with AI.Asia Express via Cointelegraph Magazine https://t.co/0Pq5ptwvJD ...
Stop making moves because of false tells, says Jim Cramer
Youtube· 2026-02-03 01:23
Don't be fooled. Not everything is bad. Stop making moves because of false tells.Things that mean nothing or things that look negative but are actually positive when you do a little digging and some thinking. If you let yourself get shaken, you're liable to miss terrific moves like today where the Dow jumped 515 points. This be gain.54 and NASDAQ climbed.56.Worst, you're passing up chances to buy great stocks at lower prices. If you just want to forget about the averages, think about individual stocks. Why ...