Treasury Secretary Scott Bessent says the US will not bail out Bitcoin or order banks to buy BTC during market declines. The United States government will not intervene to support Bitcoin during market downturns, according to Treasury Secretary Scott Bessent. Speaking before Congress, Bessent said federal authorities lack both the...
Blog
Bhutan Trims Bitcoin Reserves as Mining Conditions Worsen
Bhutan sells Bitcoin reserves amid falling prices, rising mining costs, and strategic shifts toward infrastructure, diversification, and digital asset initiatives. Bhutan has reduced its Bitcoin reserves after transferring over $22 million worth of BTC. Sales are coming in as prices soften and the profitability of mining declines. Therefore, the kingdom...
UBS Plots Gradual Entry Into Crypto Trading With Long-Term Tokenization Strategy
UBS plans a cautious crypto rollout tied to tokenization, prioritizing infrastructure and controlled client access. Plans under review at UBS Group AG could soon give some private banking clients access to cryptocurrency trading. Instead of a fast rollout, the bank is linking the effort to its work on tokenized assets...
Opinion Raises $20M as Prediction Markets Gain Ground Despite Weak Crypto Funding
Prediction markets draw capital as on-chain platforms grow and U.S. policy shifts ease limits on event trading. Even with a weak overall display of financial products, select crypto segments have continued to see steady capital inflows. With growing demand for event-based trading, prediction markets have emerged as a key area...
BBVA Joins EU Banks to Launch Euro Stablecoin Under MiCA Rules
BBVA joins Qivalis consortium as EU banks plan a regulated euro stablecoin to challenge dollar dominance in digital payments. BBVA has joined a major European banking consortium to launch a regulated euro stablecoin. The development demonstrates increasing institutional interest in blockchain-based payments in Europe. Moreover, the initiative is intended to...
Tom Lee Loses $5.8B on ETH – But Keeps Buying
Bitmine, led by Tom Lee, holds the current ETH at a loss of $5.8B, having purchased at 3, 650. Although it is red, the company has also recently received an additional 40 M. Why is this a strategic move? Bitmine has unrealized deficits totaling to $5.85B on its purchases of...
Bitwise Acquires Chorus One to Expand Institutional Staking Services
The Chorus One acquisition strengthens Bitwise’s control over staking as institutional investors increasingly prioritize yield. Crypto fund manager Bitwise recently acquired institutional staking provider Chorus One, adding staking services to its growing product range. Rising demand for yield on spot crypto holdings has pushed asset managers to expand their offerings....
XRP Plunges: Historic MACD Signal Sparks Alarm
This week, XRP depreciated by 17.94 per cent with a historic MACD indicator sitting on the market; the traders are keeping a keen eye on the support mark of 1.30 amidst market disarray. XRP trades at $1.57 on February 4, 2026. The cryptocurrency was down 2.63% over the last 24 hours, with...
XRP Price Enters Reset Phase as Key Indicator Hits Extreme Lows
XRP trades at $1.567 with RSI at 27.03, indicating oversold conditions and potential short-term bounce ahead. EGRAG CRYPTO identifies this as a reset phase, not reversal, with 45-50 RSI zone historically holding strong. Recent 74M volume spike confirms large holder distribution, while $1.525 support level remains critical. XRP has entered...
Standard Chartered: Solana Could Hit $2,000 by 2030 Despite $100 Price
Standard Chartered says Solana could reach $2,000 by 2030, despite trading near $100 and a lowered 2026 price forecast. Standard Chartered has reiterated a positive long-term outlook for Solana, even as the token trades near $100. The bank said the recent price decline does not change its long-range expectations for...