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Largest crypto exchange announces surprising plan after Bitcoin crashes
Yahoo Finance· 2026-01-30 15:39
Market Overview - Global investors are grappling with the aftermath of the market sell-off on January 29, which has led to a significant decline in market sentiments and prices [1] - The crypto greed and fear index has dropped to 16, indicating extreme fear, after briefly rising to 26 earlier in the week [1] Bitcoin and Cryptocurrency Performance - Bitcoin has experienced a sharp decline, dropping to $82,759, down 5.7% in 24 hours, and is precariously close to its November low of around $81,000 [3] - Other cryptocurrencies have also seen losses, with XRP and Ethereum down 6.4%, trading at $1.75 and $2,737.07 respectively, while Solana fell by 5.5% to $115.89 [3] Market Liquidations - A total of 277,184 traders were liquidated overnight, resulting in total liquidations amounting to $1.80 billion [4] - The overall cryptocurrency market capitalization has decreased by 5.2%, now standing at $2.9 trillion [4] Market Conditions Prior to the Crash - The market had been under pressure, with precious metals like gold and silver reaching historic highs before the crash [5] - Analysts had mixed expectations regarding a potential recovery in the crypto market following the events of October 10 [5] Geopolitical Influences - Geopolitical tensions, including Donald Trump's threats regarding Greenland and tariff threats to European allies and Canada, have negatively impacted the crypto market [6] - The ongoing crisis with Iran and fears of U.S. military action have further heightened global investor concerns [6] - The announcement of Kevin Warsh as the new Federal Reserve Chair has added to the market's volatility [7]
Here's why Tom Lee's BitMine stock price is at risk of a steep dive
Invezz· 2026-01-30 15:30
Core Viewpoint - BitMine's stock price is at risk of a significant decline due to the ongoing downturn in the cryptocurrency market, particularly influenced by the drop in Ethereum and Bitcoin prices [1] Group 1: BitMine Stock Performance - BitMine's stock (BMNR) has fallen to $26.70, representing an 83% decrease from its peak of $160 in July last year [1] - The stock has formed a bearish descending triangle pattern, with a potential breakdown target at the key support level of $20 [1] Group 2: Ethereum Price Impact - Ethereum's price has dropped to $2,683, down from an all-time high of $4,950, indicating a bearish trend [1] - The price has fallen below critical technical indicators, including the 50-day and 100-day Exponential Moving Averages, suggesting further downside potential [1] Group 3: Long-term Outlook for BitMine - Despite current weaknesses, BitMine has bullish catalysts, including Ethereum's growing network activity, with active addresses increasing by 54% to over 14.7 million and transactions rising by 40% to 67 million [1] - BitMine's staking solution is expected to generate significant revenue, with projections of nearly $500 million annually from staking rewards [1]
Fed Chair nominee Warsh views bitcoin as “good policeman for policy”
Yahoo Finance· 2026-01-30 15:04
President Donald Trump nominated Kevin Warsh as Chairman of the Federal Reserve on Friday, selecting a candidate who views bitcoin as a strategic tool for central banks rather than a threat to the financial system or a competitor to the dollar. Warsh noted in a Hoover Institution interview last year that price movements can indicate when the Federal Reserve is mismanaging the economy or ignoring inflation signals. “I think it can often be a very good policeman for policy,” Warsh said. Trump announced t ...
X @Dash
Dash· 2026-01-30 14:31
RT Crypto Jobs List (@CryptoJobsList)New crypto role open @Dashpay 👀- Rust developer- Fully remote- Modern coding practicesapply below 👇 ...
XRP ETF Outflows Hit $53M—Is the $8 Standard Chartered Target Still Realistic?
247Wallst· 2026-01-30 14:30
Core Viewpoint - XRP ETF outflows of $53 million on January 20, 2026, represent the largest single-day redemption since their launch in November 2025, contributing to a broader $1.73 billion weekly outflow from crypto investment products, raising concerns about Standard Chartered's $8 price target for XRP in 2026 [1][5][19] Group 1: ETF Outflows and Market Response - The January 20 outflows were significant, with Grayscale's GXRP accounting for nearly all of the selling at $55.39 million, while Franklin Templeton's XRPZ partially offset this with $2.07 million in inflows [4] - Following the outflows, XRP's price dropped from above $2.00 to around $1.8 before recovering to the $1.85-$1.90 range [6] - Inflows resumed shortly after the outflows, with approximately $12.68 million returning to XRP ETFs from January 21-23, indicating a potential recovery in investor sentiment [7][8] Group 2: Standard Chartered's Price Target Analysis - Standard Chartered's head of digital assets research, Geoffrey Kendrick, projects an $8 price target for XRP by late 2026, implying a 320% upside from current levels near $1.90 [9] - The bullish case for the $8 target is based on three factors: regulatory clarity from Ripple's SEC lawsuit resolution, potential ETF-driven demand estimated at $4-$8 billion, and a significant reduction in XRP supply on exchanges [10][11][12] - The bearish case highlights the need for substantial ETF inflows to meet the target, with current inflows of $1.2 billion falling short of the projected range [12][19] Group 3: Price Outlook Scenarios - A bullish scenario suggests XRP could reach $3.00-$4.00 if ETF inflows exceed $300 million monthly and macro conditions improve, with the $8 target remaining achievable under optimal conditions [16] - A base scenario estimates XRP may consolidate between $2.00 and $3.00 if inflows moderate, with occasional outflows during macro shocks [17] - A bearish scenario indicates XRP could struggle to maintain levels above $2.00 if persistent outflows occur, potentially revisiting the $1.70-$1.85 support zone [18]
Crypto Taxes in 2026 Are Splitting the World Into Havens and Traps
Yahoo Finance· 2026-01-30 11:08
Crypto tax in 2026 could be one of the scariest on record. In 2026, crypto taxes will become a defining factor in where capital, founders, and even entire communities decide to live. The clearest warning sign right now is Europe. Currently there’s a proposal for a 36% tax on UNREALIZED gains in the Netherlands. It hasn’t yet passed the vote, but there are already swaths of support in Amsterdam for some to “pay their fair share.” You would owe taxes on paper profits even if you never sold. You could eas ...
From Bitcoin to Balance Sheets: Analyst Names 3 Crypto Stocks to Buy — MSTR, COIN and HOOD
Yahoo Finance· 2026-01-30 11:05
Core Viewpoint - The article discusses investment opportunities in the cryptocurrency sector, highlighting three specific companies that are positioned to benefit from the evolving landscape of blockchain technology and regulatory developments [1][2]. Group 1: Industry Insights - The primary value in the crypto/blockchain ecosystem is expected to shift from private projects to public companies that effectively leverage blockchain technology while remaining compliant with mainstream financial services [2]. - Regulatory uncertainty, particularly regarding the stalled CLARITY Act in the US Senate, continues to impact investor sentiment and the overall market for cryptocurrencies [3]. Group 2: Company Analysis - Strategy (MSTR) - Strategy has accumulated over 712,000 bitcoins, valued at approximately $62.5 billion, making it the largest bitcoin treasury company globally [5][6]. - The company recently purchased $264.1 million worth of bitcoin from January 20 to January 25, following a significant acquisition of $2.13 billion in the previous week [7]. - Analyst Ramsey El-Assal rates MSTR as Overweight (Buy) with a price target of $213, indicating a potential 34% gain over the next year [8]. Group 3: Company Analysis - Coinbase (COIN) - Coinbase operates as a leading digital exchange for cryptocurrencies, with $516 billion in assets on the platform and a quarterly trading volume of $295 billion [10][12]. - The company reported a 55% year-over-year revenue growth in Q3 2025, reaching $1.9 billion, and a diluted adjusted net income per share of $1.44 [12][13]. - El-Assal gives COIN an Overweight (Buy) rating with a price target of $277, suggesting a 32% upside potential [13]. Group 4: Company Analysis - Robinhood Markets (HOOD) - Robinhood has gained popularity among online traders, boasting 26.9 million funded customers and $325 billion in total platform assets [15]. - The company reported a record revenue of $1.27 billion in Q3 2025, reflecting a 100% year-over-year increase [17]. - El-Assal rates HOOD as Overweight (Buy) with a price target of $130, indicating a 26% upside potential [18].
Binance Unveils $90M GOFi Fund, Targets Korea Payments — What’s Next?
Yahoo Finance· 2026-01-30 09:59
Binance disclosed a $90.52 million crypto fund secured for GOFi victim compensation while accelerating its expansion through GOPAX, the South Korean exchange now under its control, as the company prepares to support institutional adoption and build payment infrastructure in 2026. The move follows years of regulatory delays after Binance acquired a 67% stake in GOPAX in February 2023, with authorities finally approving the ownership change in October 2025 amid broader efforts to position Korea as a global ...
X @The Block
The Block· 2026-01-30 08:40
Binance aims top spot in South Korean market, targets full GoFi repayment in 2026 https://t.co/hztUVQnvAv ...
X @Decrypt.co
Decrypt· 2026-01-30 05:54
Democrats Press DOJ Deputy Over Crypto Holdings, Enforcement Retreathttps://t.co/qOwpdFHWkL ...