Category: Reviews

Crypto Products Recorded Net Outflow of $1.7B Last Week

Key Notes The US accounted for $1.65 billion of total outflows. Bitcoin products saw $1.32 billion in outflows, while Ethereum funds lost $308 million last week. Altcoin products also weakened as the broader crypto market saw a downturn. Crypto investment products recorded another heavy week of outflows, according to CoinShares’ latest weekly report dated Feb. 2. These funds recorded $1.7 billion in withdrawals last week and pushed year to date net outflows to $1 billion. CoinShares revealed that assets under management (AUM) for crypto investment products have dropped by $73…

Bitcoin Price to $65,000? Polymarket Odd Jumps to 72%

Key Notes Bitcoin price is currently trading at $77,752.83 after a weekend crash. Polymarket bettors say it could dip further below $65,000. Strategy Inc and other Bitcoin buyers have been affected by the massive price decline. Flagship cryptocurrency Bitcoin (BTC) is gradually losing momentum, causing market observers to suspect a further downtrend to $65,000. With the price now between $75,000 and $77,000, the odds favor further value decline, according to bets on the popular prediction markets platform Polymarket. Bitcoin Price Rests Around $77,000 According to CoinMarketCap data, Bitcoin price has…

Bitcoin Contributor Adam Back Faces Backlash While Distancing from Jeffrey Epstein

Key Notes The newly released email file shows Adam Back’s Blockstream’s seed round involving Epstein as a limited partner through an investment fund Joi Ito. Back said the fund later divested its minority stake due to conflict-of-interest concerns. Despite the clarification, Back has faced strong criticism from parts of the crypto community. The recently released Jeffrey Epstein files are unmasking top industry players for having an association with the disgraced financier. One such name of a Bitcoin BTC $77 810 24h volatility: 1.0% Market cap: $1.56 T Vol. 24h: $85.41…

Ripple Labs Granted EMI License in Luxembourg

Key Notes Ripple was recently granted an EMI license by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). The company had received preliminary approval for the license on January 14. Ripple partnered with Riyad Bank to promote financial innovation in Saudi Arabia. Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) has granted Ripple Labs XRP $1.62 24h volatility: 1.5% Market cap: $98.77 B Vol. 24h: $5.40 B an Electronic Money Institution (EMI) license. This expands the blockchain payment firm’s regulatory footprint in the European Union and provides an opportunity to…

Crypto Thefts Create January Ruckus

Key Notes CrossCurve contained a bridge exploit after EYWA tokens were drained on Ethereum. Ten Ethereum wallets were flagged, with a 72-hour window set before legal action. The incident adds to January’s $370.3 million crypto theft tally, the highest in 11 months. CrossCurve, the decentralized finance protocol formerly known as EYWA, confirmed that it stopped a bridge exploit tied to its cross-chain token system on Sunday. The attack targeted the Ethereum side of the bridge and led to unauthorized token releases after a smart contract flaw was abused. The team…

3 Tokens Lead Gains Amid Crypto Market Drop

Key Notes The crypto market fell to extreme fear conditions again amid a market-wide bloodbath. Despite the downtrend, Stable, MYX Finance and MemeCore recorded notable gains. Four key macro events in the US will expectedly impact the financial markets this week. While the leading cryptocurrencies like Bitcoin BTC $77 615 24h volatility: 0.9% Market cap: $1.55 T Vol. 24h: $83.19 B and Ethereum ETH $2 278 24h volatility: 4.6% Market cap: $274.90 B Vol. 24h: $54.02 B brought increased selling pressure to the market, tokens like Stable (STABLE), MYX Finance…

Robert Kiyosaki Has “Cash in Hand” to Buy Gold, Bitcoin, Silver Crash

Key Notes Robert Kiyosaki said the crash in gold, silver, and Bitcoin is a buying opportunity. He said that he is holding cash to deploy capital across the three assets. Silver dropped more than 40% in two days, leading a broader commodity sell-off. Rich Dad, Poor Dad author and investor Robert Kiyosaki said the recent sell-off in gold, silver, and Bitcoin BTC $77 465 24h volatility: 1.2% Market cap: $1.55 T Vol. 24h: $82.90 B is a buying opportunity, not a warning sign. He pitched the move as a market-wide…

Strategy, Bitcoin ETFs Hit by Bitcoin Crash

Key Notes Strategy’s average Bitcoin purchase price remains a key metric amid the ongoing BTC price correction. US spot Bitcoin ETFs continue to face pressure, with BTC trading well below their implied average cost basis of approximately $87,830. Both ETF assets and Bitcoin prices have corrected sharply, with spot Bitcoin ETF AUM down 31.5% from their October peak of $165 billion. The recent Bitcoin BTC $77 702 24h volatility: 1.4% Market cap: $1.55 T Vol. 24h: $79.12 B price crash over the past week has caught institutional players off guard.…

Ether Slides 9% as Long-Term Holders Buy the Dip

Key Notes Ether dropped sharply as the week started, extending its weekly losses. Trend Research deposited 53,589 ETH worth over $120 million to exchanges in the past 24 hours. Long term Ethereum OGs bought the dip at $2,295 average price. Ethereum ETH $2 311 24h volatility: 4.5% Market cap: $277.48 B Vol. 24h: $51.32 B fell 9% to a daily low near $2,165 on Feb. 2 and erased more than $25 billion from its market cap in 24 hours. At the time of writing, the cryptocurrency is trading around $2,227.…

Crypto Market to See $638M in Token Unlocks as Altcoin Market Continues Bleeding

Key Notes The market is set to see $638 million in token unlocks this week. HYPE leads in one time releases, with over $300 million worth of tokens entering circulation. The altcoin market has broken below the neckline of a weekly head and shoulders pattern. Over $638 million in token supply is scheduled to enter the crypto market over the next seven days, according to data from Tokenomist. The upcoming releases arrive as the altcoin market remains under pressure with thin liquidity and weak buyer interest. Tokenomist data shows several…