Category: Reviews

South Korea Sentences Crypto Firm Executive to 3-Year Jail Just Before Corporate Regulations

Key Notes Authorities said Lee minted a total of $4.8 million through token manipulation, while undermining fair price formation for the ACE token. South Korea is enforcing strict penalties as it moves toward stronger regulation of corporate participation in digital asset markets. On the other hand, South Korea’s FSS announced AI-driven upgrades to its VISTA surveillance system. South Korean regulators are once again tightening their grip over the crypto market and the rising corporate involvement. A South Korean court has recently sentenced the CEO of a crypto asset management firm…

Incognito Market Founder Bags 30-Year Jail Term for Crypto Darknet Operation

Key Notes Rui-Siang Lin, the founder of Incognito Market, will now spend the next 30 years in jail. He was accused of operating a digital asset dark web marketplace that facilitated more than $105 million in illicit narcotics sales. Lin will also get another five years of supervised release. Incognito Market founder Rui-Siang Lin was recently sentenced to 30 years in prison by a United States judge. This judgment was issued as a consequence of operating a digital asset dark web marketplace that facilitated more than $105 million in illicit…

Tom Lee Defends Bitmine as Ethereum Crashes to $2,273

Key Notes BMNR stock dropped by roughly 2% as the broader crypto market struggles to recover. Investors blame Bitmine’s $6 billion unrealized losses for the crash in BMNR value. Bitmine is still buying more Ethereum as Tom Lee is unfazed by the market outlook. Ethereum ETH $2 253 24h volatility: 1.1% Market cap: $271.97 B Vol. 24h: $47.07 B treasury firm Bitmine has seen its BMNR stock decline sharply amid a broader market downtrend. Based on the current price of Ethereum, Bitmine now faces roughly $6 billion in unrealized losses.…

Anti-Strategy ETFs Climb as MSTR Stock Hits Multi-Year Low

Key Notes MSTR’s price has dropped more than 65% over the past six months and nearly 76% from its all-time high. Anti-Strategy ETFs tied to MSTR have seen massive gains of around 275% over the past year. MSTR’s stock has fallen to its lowest level since September 2024 as Bitcoin dipped below $75,000. Anti-Strategy ETFs are seeing a massive rally as MSTR stock has fallen more than 65% over the past six months. These ETFs usually move in the opposite direction of MSTR and are now reaching record highs. Meanwhile,…

ETH ETFs Back with Inflows after 3 Days amid Dip Buys and Transfer Count Surge

Key Notes Ethereum spot ETFs recorded $14.06 million in net inflows on February 3. ETH has failed to clear the $2,400 resistance area, limiting upside momentum. Trend Research and Garrett Jin deposited 316,185 ETH into Binance over the past three days. Ether ETH $2 245 24h volatility: 1.7% Market cap: $271.14 B Vol. 24h: $47.17 B continued to trade flat near $2,200 over the past 24 hours as it sees ETF inflows and large holder activity. SoSoValue data shows that Ethereum spot ETFs recorded $14.06 million in net inflows on…

Bitwise Deepens Yield Strategy With Chorus One Acquisition

Key Notes Bitwise is acquiring institutional staking provider Chorus One. Chorus One oversees roughly $2.2 billion in staked assets. The terms of the deal haven’t been released yet but acquisition has been confirmed. Bitwise Asset Management is acquiring Switzerland-based institutional staking services provider Chorus One to expand beyond into yield-generating infrastructure. At the time of writing, the terms of the deal were not disclosed, but both companies have confirmed the acquisition. According to Bloomberg, Chorus One operates staking infrastructure across multiple decentralized networks and has roughly $2.2 billion in staked…

Crypto Winter Started Early 2025, Says Bitwise’s Hougan

Key Notes Hougan says strong institutional flows delayed recognition of the crypto winter that began in January 2025. He noted that the market may be closer to the end of this bear phase. Bitcoin dipped near $73,000 on February 3 before rebounding above $76,000. Bitwise CIO Matt Hougan says the current crypto winter started far earlier than most market participants realized. In a recent article on X, Hougan argued that the drop effectively started in January 2025, even though strong institutional flows hid the damage across much of the market.…

Bitcoin Dips Below $73K Amid 50,000 BTC Whale Sell-Off

Key Notes In the last two weeks, whales have sold more than 50,000 Bitcoin, leading to major selling pressure. Large holders reduced exposure while small wallets accumulated, highlighting a divergence in market behavior. Sentiment improved after the US ended its government shutdown with a $1.2 trillion funding bill. Bitcoin’s BTC $76 148 24h volatility: 2.8% Market cap: $1.52 T Vol. 24h: $74.78 B price dipped below $73,000 earlier on February 4 before rebounding following news that the US Congress passed a $1.2 trillion spending bill, effectively ending the government shutdown.…

Tether Scales Back on Planned $15B Fundraising: Report

Key Notes Tether scaled back its planned $15B-$20B raise to as little as $5B. The company generated about $10B in profit last year and holds over $30B in excess reserves. Tether now holds more than $141B in US Treasury exposure and 80-116 metric tons of gold. Tether has scaled back plans for a large funding round after investors pushed back on its $500 billion valuation target. The company had previously explored raising $15 billion to $20 billion, which would have placed it among the most valuable private firms globally. Advisers…

Bitcoin Price Bounce Looks Hollow, Downtrend May Resume

Bitcoin price extended its decline below $75,000. BTC is now attempting to recover from $72,850 but faces many hurdles near $76,500. Bitcoin is attempting to recover above $74,000 and $75,000. The price is trading below $79,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $75,000 and $74,000 levels. Bitcoin Price Faces Hurdles Bitcoin price failed to remain stable…