Crypto Breaking

U.S. authorities have opened a formal inquiry into claims that a federal asset-custody program was exploited to siphon crypto seized by government agencies. The focus centers on John Daghita, the son of CMDSS president Dean Daghita, and whether unauthorized access to wallets tied to the government’s asset-protection program enabled transfers from assets believed to have been seized in 2024 and 2025. Crypto researchers say wallets associated with Daghita hold roughly $23 million in digital assets that are connected to as much as $90 million seized by the government in recent years. A separate trace also points to a wallet containing 12,540 Ether, valued around $36 million at the time, linked to Daghita. A spokesman for the U.S. Marshals Service told reporters that the matter is under investigation and declined to comment further as officials review the claims.

The claims gained visibility after crypto sleuth ZachXBT traced activity to wallets connected to the Daghita family. In a series of disclosures, ZachXBT reported that a wallet tied to Daghita appeared to hold significant holdings originating from addresses associated with confiscated government funds. The investigation also touched on a transfer in which John Daghita allegedly sent a small amount of stolen funds to ZachXBT’s public wallet address. In a Monday X post, the researcher wrote: “John […] sent me 0.6767 ETH ($1.9K) of the stolen government funds from 0xd8bc to my public wallet address.” He added: “Any stolen funds received will be sent to a USG seizure address.”

Key takeaways

U.S. Marshals Service has opened an official inquiry into allegations that a contractor’s family member accessed wallets tied to the seized-crypto program and moved funds.

ZachXBT identified wallets associated with Daghita containing about $23 million in crypto and linked to as much as $90 million in assets believed seized by the government in 2024–2025.

A wallet holding 12,540 Ether is tied to Daghita, with the Ether valued at roughly $36 million at the time of the discovery.

Investigators documented a purported transfer of a small amount of stolen funds—0.6767 ETH (~$1,900)—to ZachXBT’s public wallet, raising questions about leakage and custody safeguards.

CMDSS—led by the contractor’s father—secured a 2024 contract with the U.S. Marshals Service for custody of seized crypto, highlighting potential conflicts of interest and the need for robust governance.

Public data on government-held crypto suggests substantial exposure, with estimates indicating hundreds of thousands of Bitcoin may be under government control, a figure that underscores the scale and regulatory implications of asset seizures.

Tickers mentioned: $BTC, $ETH

Market context: The case sits at the nexus of government custody of seized assets, private-security contractors, and the forensic tracing that has become a hallmark of crypto-era enforcement. As regulators scrutinize custody arrangements and risk controls around government-owned crypto, the outcome could influence policy discussions on asset protection, auditability, and how-chain analytics interact with on-chain custody.

Why it matters

The episode is more than a self-contained allegation; it tests the integrity of custody frameworks used for seized crypto and the governance around programs designed to safeguard those assets. If investigators establish gaps in access controls or oversight, it could trigger tighter procurement standards, independent audits, and stricter segregation of duties within custody arrangements that involve government funds. The involvement of CMDSS in a 2024 contract with the U.S. Marshals Service adds a layer of complexity, spotlighting the interplay between private contractors and public responsibilities in the burgeoning field of digital-asset stewardship.

From a market perspective, the broader crypto ecosystem remains sensitive to enforcement actions, regulatory signals, and the evolving oversight of custody services. The rumored scale of assets—tied to long-standing confiscations and major seizure programs—illustrates the potential liquidity and concentration risks within government-controlled holdings. Analysts warn that even allegations of improper access can ripple through liquidity expectations and custody-service pricing, especially for institutions that depend on robust risk controls and transparent reporting around seized assets.

Crucially, the case underscores the role of on-chain investigators and researchers in providing independent visibility. ZachXBT’s outreach and the subsequent public disclosures illustrate how open-source analytics can inform official inquiries, complementing traditional investigative channels. While the government has not publicly disclosed all findings, continuing forensic work and wallet tracing will likely shape both policy discussions and potential enforcement actions in the months ahead.

What to watch next

Official updates from the U.S. Marshals Service regarding the status of the investigation and any forthcoming legal or administrative actions.

Requests for information or subpoenas related to CMDSS and its involvement in custody contracts, as well as any related governance reforms.

Ongoing wallet-trajectory reporting from ZachXBT and other on-chain researchers, including any new addresses tied to the case and any reported transfers to seizure addresses.

Any regulatory or legislative developments that affect custody frameworks for seized crypto, including potential changes to procurement processes or audit requirements for contractors.

Subsequent court filings, asset tracing results, or seizures that could clarify the scope of the government’s holdings and the pathways through which funds moved.

Sources & verification

U.S. Marshals Service statements and inquiries related to custody of seized crypto and investigations into access controls.

Public posts and wallet-tracing notes from ZachXBT outlining wallets associated with Daghita and their link to seized assets.

Data from BitcoinTreasuries.NET estimating the scale of U.S. government-held Bitcoin and related historical seizures.

Contract history showing CMDSS involvement in a 2024 custody arrangement with the U.S. Marshals Service for seized crypto.

Investigation tests the boundaries of custody and enforcement in seized crypto

In a landscape where government-held crypto intersects with private-sector custody and forensics, the unfolding inquiry into John Daghita’s alleged activity—and the broader questions it raises about governance—could recalibrate expectations for risk controls, transparency, and accountability. The narrative centers on a set of wallets that researchers claim connect to assets seized by the government, with investigators tying a portion of holdings to the Daghita family through 2024–2025 seizures. The initial claim—supported by wallet traces and public posts—posits that unauthorized access to wallets tied to the federal asset protection program may have enabled the transfer of substantial value. The exact scope of wrongdoing remains under review, and authorities have not disclosed detailed findings or charging information as of this writing.

What is clear is that the case lays bare critical questions about the adequacy of custody infrastructure for high-value assets and the safeguards that prevent misuse by insiders or linked parties. The involvement of CMDSS in a 2024 custody contract amplifies the importance of independent oversight and robust separation between asset-holding and operational functions within programs designed to manage seized crypto. In the meantime, the crypto community will watch for additional disclosures, including any new wallet analytics, further transfers, or regulatory actions that might result from the ongoing inquiry.

Patrick Witt, the director of the White House Crypto Council, commented on the developing story, saying he was “on it” in response to ZachXBT’s claims. The attorney-general- or regulator-led ecosystem is under pressure to demonstrate that seized assets are safeguarded, auditable, and resilient against internal or systemic risks. The outcome could influence future procurement criteria, governance standards, and the way custody providers are evaluated in high-stakes scenarios. As investigators continue to examine the evidence, market participants remain attentive to potential updates, recognizing that even routine governance matters can ripple through confidence in crypto custody and enforcement integrity.

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This article was originally published as US Marshals Probe Allegations of $40M Seized Crypto Theft on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin’s monthly gains have cooled to about 2.2% in the latest window, but many observers see February as a potential inflection point for the largest cryptocurrency. Since 2016, the week ending Feb. 21 has delivered a median return near 8.4%, and BTC has closed higher about 60% of those weeks. With volatility still elevated but gradually moderating, market participants are watching macro signals for signs of renewed risk-on appetite within crypto markets.

Key takeaways

February has historically produced a strong median weekly return for BTC, roughly around 7%, often outpacing October’s seasonal strength.

Early February performance has historically warned of corrective periods in 2018, 2022, and 2025, when the month foreshadowed tougher months ahead.

Improving macro cues, including softer volatility and upbeat earnings guidance, could tilt flows toward BTC as capital reallocates in risk-on environments.

The long-run ceiling for BTC, according to the Bitcoin Decay Channel, sits between roughly $210,000 and $300,000 in 2026, suggesting substantial upside if the regime stays constructive.

Momentum indicators have turned positive despite a sharp recent correction, with on-chain activity continuing to show demand as spot supply remains under pressure.

Tickers mentioned: $BTC

Sentiment: Neutral

Trading idea (Not Financial Advice): Hold. Monitor macro indicators, volatility metrics, and liquidity conditions for a clearer directional signal.

Market context: The current narrative sits at the intersection of macro-driven capital allocation and crypto-specific dynamics. As equities stumble or rally on broader macro data, BTC often acts as a levered risk-on asset, with on-chain metrics offering a separate lens on demand versus supply. The February period, including earnings season and macro releases, remains a critical juncture for assessing whether BTC can extend its mid-term resilience.

Why it matters

Seasonality is not a guarantee, but it has historically provided a framework for evaluating potential tailwinds and headwinds for BTC. The February window—particularly the two weeks from Feb 7 to Feb 21—has yielded outsized weekly moves in the past, reinforcing the idea that near-term liquidity and investor risk appetite can swing BTC’s trajectory more than other times of the year. If macro optimism remains intact and risk-on sentiment broadens, BTC could attract capital from investors who are rotating into crypto as part of diversified exposure to digital assets.

Beyond the calendar, on-chain signals continue to tell a story of ongoing demand. The Realized Cap metric has trended higher even as prices corrected, suggesting that new spot buying activity is absorbing coins moved into circulation rather than exiting the network. This pattern points to a maturing market where participants accumulate during pullbacks, a sign that long-term holders are maintaining conviction even in the face of short-term volatility. At the same time, momentum indicators—despite a recent pullback—have shifted to a positive stance, underscoring a balance between technical consolidation and the potential for a renewed upmove should macro conditions improve.

Bitcoin Decay Channel. Source: Sminston With/X

Several voices in the community have tied BTC’s near-term prospects to broader macro risks rather than crypto-specific catalysts alone. A prominent analyst noted that the sell-off in February aligned with declines in the Nasdaq amid renewed tariff tensions in the United States, suggesting that the move was more about macro news flow than a fundamental breakdown for Bitcoin itself. In this view, the path of least resistance depends on macro shocks cooling off and liquidity conditions improving, allowing the currency to reassert its place as a strategic beta asset within a diversified portfolio.

Another line of thought emphasizes how long-term yield dynamics influence valuation and liquidity for risk assets. A recent assessment highlighted that, while higher long-term yields can cap price-expansion for risk-on assets, on-chain demand remains buoyant, as evidenced by the rising Realized Cap. This pattern supports a constructively biased outlook for BTC even as volatility remains elevated, implying that the market could work through any near-term headwinds rather than roll over into a deeper drawdown.

Bitcoin Realized Cap. Source: CryptoQuant

Overall, the case for a constructive setup hinges on a confluence of factors: a seasonally strong February window, improving macro conditions, and persistent on-chain demand. Some observers also point to velocity and market structure as arguments that the current phase represents a consolidation period rather than a definitive risk-off regime. If macro stress indices such as the VIX cool off, BTC could benefit from a broader risk-on impulse that has historically revived demand for digital assets during times of easing uncertainty.

As always, observers should be mindful of the complexity of cross-asset interactions. While BTC carries the potential for outsized gains in a bullish macro environment, it remains vulnerable to unexpected policy moves, regulatory developments, and shifts in investor sentiment. The interplay between on-chain metrics, liquidity, and macro data continues to shape a nuanced backdrop for Bitcoin’s price path in 2026 and beyond.

Related: Bitcoin-to-gold ratio falls to new low, but analysts say BTC’s discounted ‘setups are rare’

Enduring questions remain: Will February’s historical strength translate into a sustained bid, or will the market encounter fresh headwinds as macro conditions evolve? The coming weeks will be telling as earnings narratives, inflation signals, and policy expectations converge to shape the risk-on/risk-off dynamic that has long influenced Bitcoin’s volatility and trend.

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This article was originally published as February Is Bitcoin’s Most Reliable Bullish Month, Analyst Says on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Key Takeaways

With Bitcoin price trading around $88,000 and the average nationwide cost of energy at about $0.14, the cost of mining a Bitcoin is close to $95,000.

The high cost of energy and the current Bitcoin price range put miners at a loss.

A sizeable number of mining companies are now transitioning to AI data centres

Bitcoin mining energy consumption data from the Cambridge Bitcoin Energy Consumption Index (CBECI) indicates that miners who pay $0.10 per kWh for energy will be at a loss for every Bitcoin mined. The CBECI data shows that some have already faced this price as far back as October 2025, when the average commercial energy cost moved to $0.14 per kWh. At this rate, the cost of mining a Bitcoin is around $94,000, while the Bitcoin price is around $88,000 at press time.

With the rise in energy costs and declining Bitcoin price, Bitcoin mining is now unprofitable and perhaps unsustainable for miners across the United States. Present market conditions do not suggest any upswing for BTC anytime soon. After losing momentum and plummeting from an all-time peak of $126,000 over three months ago, it has struggled and has been unable to stage a comeback. Miners in the United States are feeling the heat with no relief in sight. However, it’s not just in the U.S.; Chinese miners are also struggling with energy costs, paying $0.11 per kWh to mine BTC, a rate that also puts many of them at a loss.

Meanwhile, miners in Paraguay are still very much in business since the energy cost is significantly cheaper at $0.05 per kWh. The mining cost of a Bitcoin for Paraguay-based miners is about $60,000, showing their healthy profit margin.

US miners switch to AI

In an unsurprising turn of events, numerous prominent miners such as TeraWulf, CleanSpark, IREN, Core Scientific, and Bit Digital, among many others, are focusing infrastructure on AI data center services and switching from crypto mining.

For those still mining, a positive shift in macroeconomic factors to trigger a rebound for Bitcoin would restore normalcy and stop debt accumulation. However, fingers remain crossed as the market action unfolds.

This article was originally published as Declining Bitcoin price continues to expose miners to loss on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Across the Ethereum ecosystem, activity is proving persistent as scaling tools mature and investor interest cycles through cautious optimism and measured risk. In the latest weekly snapshot, the network logged 16.4 million on-chain transactions, while base-layer fees managed to stay sub-$0.20 during periods of peak demand. DEX trading activity across the ecosystem approached the mid-30s in billions of dollars, with a notable share of liquidity funneling through layer 2 networks that continue to improve throughput and user experience. Amid this activity, Ether faced a 15.9% price correction over the seven days ending Sunday, triggering sizable liquidations for bullish leveraged bets and stoking questions about whether a firm support around $2,800, tested in recent months, would hold. Yet the data also points to a potential near-term rebound, with on-chain metrics and derivatives positioning suggesting room for a move higher toward the $3,300 zone.

Key takeaways

Ethereum recorded 16.4 million weekly transactions, while base-layer fees remained under $0.20 during high-demand periods.

DEX activity spanning the Ethereum ecosystem reached about $26.8 billion in weekly volume, signaling renewed appetite for on-chain trading.

Aggregate activity on Ethereum layer-2s surged, with total transactions across L2s reaching 128 million, outpacing totals on rival chains such as BNB Chain and Tron.

Weekly DEX volumes on Ethereum hit $13 billion, up from roughly $8.15 billion four weeks prior, as the Fusaka upgrade boosted data capacity and introduced batch processing workflows.

Market dynamics showed a shift from heavy put hedging to a more neutral stance among professional traders, even as price volatility persisted and risk sentiment evolved.

Ether (CRYPTO: ETH) experienced a 15.9% price correction during the seven days ending Sunday. This volatility triggered $910 million in liquidations for bullish leveraged ETH positions, fueling fears that the $2,800 support level—which has held firm for two months—might finally break. Despite this dip in trader confidence, several on-chain and derivatives metrics suggest a potential short-term rally back to $3,300, driven by a blend of higher network activity, improving fee structures, and renewed interest in decentralized trading.

Base layer fees remain a central determinant of demand for a native token, but the narrative is shifting as scaling layers prove capable of handling more load without compromising security. The Ethereum ecosystem has benefited from the momentum of several rollups and sidechains, notably Base, Polygon, Arbitrum, and Optimism, which have collectively expanded throughput and attracted new users. The result is a more resilient on-chain environment where users can execute cheaper, faster transactions even when overall activity spikes. This trend aligns with the broader industry push toward cost-efficient on-chain operations, a key factor in sustaining long-term network activity.

Ethereum 7-day DEX volumes, USD. Source: DefiLlama

Notably, Ethereum’s on-chain fees rose by 19% over the past week, while competitors such as Tron and Solana gave back some of their recent gains. More importantly, the total number of transactions on Ethereum layer-2 networks climbed to 128 million, surpassing the combined totals of BNB Chain and Tron. This pattern indicates the ecosystem’s capacity to scale in practice, supporting higher activity without sacrificing user experience or incurring prohibitive costs. The Fusaka upgrade, which went live in December 2025, played a pivotal role by increasing data capacity and introducing transaction batch workflows that streamline user interactions and reduce friction in crowded periods.

Ethereum dominance sticks even as professional traders turn neutral

Ethereum’s dominance in total value locked (TVL) remains a key indicator of investor preference for a decentralized settlement layer, even as other networks like BNB Chain and Solana contest for market share. A broad view of on-chain activity shows that ETH continues to command a strong base of liquidity and usage, underscored by the resilience of on-chain protocols and the growing adoption of layer-2 scaling. In the derivatives space, professional traders appear to be returning to a neutral stance between call and put options after a period of hedging against further losses. This shift suggests a more balanced risk appetite as traders reassess the likelihood of further downside versus upside potential, particularly in the wake of a price dip that tested major support levels.

The derivatives picture also reveals how market psychology shifted around option hedging. The put-to-call ratio on Deribit cooled after a stretch of rising puts, with a notable spike on Sunday after ETH moved through important price thresholds. This dynamic aligns with the view that the market’s risk premium is adjusting to a lower probability of rapid, one-way downside, even as headlines and macro data keep price action choppy.

Outside of price action, macro considerations remain a tailwind and a concern in equal measure. The traditional markets have hovered near major benchmarks, while inflation data and policy expectations continue to shape risk sentiment. The CME FedWatch tool shows the probability of the U.S. Federal Reserve cutting rates to 3.25% or lower by July has fluctuated, reflecting a market wrestling with growth, inflation, and the potential for further policy shifts. In this context, ETH’s role as a bridge between decentralized finance and traditional markets underscores the importance of liquidity and reliability in sustaining adoption.

Related: Bitmine’s staked Ether holdings point to $164M in annual staking revenue

Ultimately, the path toward higher prices for ETH will likely depend on sustained DEX activity, incremental increases in on-chain throughput, and clearer regulatory signals that shape ecosystem funding and user onboarding. If the current patterns hold—robust layer-2 adoption, attractive fee dynamics, and continued developer momentum—the market could see a renewed push toward the upper 3,000s in the weeks ahead, with liquidity and participation broadening across the ecosystem.

Ether’s price trajectory continues to be a barometer of overall market sentiment toward decentralized finance and the ongoing push to scale without sacrificing security or broad accessibility. While the week brought volatility, the underlying activity metrics suggest a baseline strength and an ecosystem capable of absorbing demand as users gravitate toward cheaper, faster, and more scalable options for on-chain interaction.

Market data and analysis referenced in this section include the following sources: on-chain transaction counts and fee data from network analytics, layer-2 activity metrics, DEX volume data, and derivatives positioning from Deribit and market data aggregators.

Why it matters

The signals from on-chain activity matter for users, builders, and investors because they illuminate how well Ethereum and its scaling infrastructure are delivering on the promise of a scalable, secure, and accessible decentralized ecosystem. Lower base-layer fees and growing L2 throughput reduce barriers to participation, enabling more users to transact, borrow, lend, and trade without prohibitive costs. For developers, the Fusaka upgrade’s data capacity and batch processing capabilities lower the friction of deploying and using advanced DApps, potentially accelerating product adoption. For traders, the evolving mix of DEX volumes, TVL dominance, and a shifting options landscape provides more nuanced risk signals and new liquidation dynamics to monitor. In short, the health of the Ethereum ecosystem is increasingly tied to both technical upgrades and the depth of liquid markets that can absorb demand in real time.

What to watch next

Monitor the continued impact of the Fusaka upgrade on network capacity and transaction batching, with updates expected in early 2026 as real-world usage increases.

Track weekly DEX volumes and layer-2 throughput over the next 4–6 weeks to assess whether the current rebound momentum persists beyond short-term swings.

Observe the price action near critical levels (e.g., $3,200–$3,300) in relation to changes in liquidity and volatility, as well as shifts in derivatives positioning.

Follow macro signals and policy discussions, particularly any developments around regulatory frameworks and funding gaps that could affect risk sentiment and market liquidity.

Sources & verification

Ethereum price data and market metrics: https://cointelegraph.com/ethereum-price

Fusaka upgrade details: https://cointelegraph.com/news/ethereum-fusaka-upgrade-goes-live-instant-feel-user-experiences

Nansen macro overview: https://app.nansen.ai/macro/overview

Laevitas data source: http://laevitas.ch

FedWatch tool: https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

What to watch next

3–5 forward-looking checks consistent with the source data (dates, filings, unlocks, governance votes, product launches, regulatory steps).

Why it matters

Overall, the dataset points to a maturing scaling narrative for Ethereum that blends cheaper fees, stronger on-chain throughput, and more active liquidity. This is a signal not just for traders but for developers building on-chain finance, wallets, and user-friendly interfaces that rely on robust transaction pipelines. The ongoing evolution of layer-2 scaling and the ecosystem’s response to price volatility will continue to shape investor confidence, capital allocation, and the pace of innovation in decentralized finance over the coming quarters.

This article was originally published as Rising ETH Fundamentals Hint at Ether Price Recovery on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

London is steering crypto regulation into a clearer senior lane, with the Financial Conduct Authority closing in on a formal regime after a multi-year rulemaking sprint. The FCA released its final consultation on January 23, laying out a package of 10 regulatory proposals designed to bring crypto assets and crypto businesses under a unified framework. The plan targets a three-year process ending in March 2027, with full implementation expected by October 2027. In contrast to the United States, where regulatory efforts have stalled amid partisan debates around the CLARITY Act, the United Kingdom has pursued a centralized, regulator-led approach intended to align digital assets with the broader financial system. If realized, the framework could offer clearer compliance pathways for firms and stronger protections for consumers, while positioning the UK as a renewed hub for crypto activity.

Key takeaways

The FCA published a final consultation on January 23 detailing 10 regulatory proposals to govern crypto activities in the UK.

The regime is slated to conclude in March 2027, with full implementation by October 2027, following a three-year rulemaking horizon.

Distinct from the US, the UK will rely on a centralized model under a single regulator (the FCA) to determine which assets fall under which rules.

UK policy explicitly integrates crypto into existing financial services law, rather than layering on industry-specific “light-touch” wrappers, a contrast to Europe’s MiCA approach.

Public discussions about stablecoins and their regulatory treatment emphasize a single national regime, potentially reducing cross-border interoperability frictions cited by some observers.

Market context: The move comes amid a global regulatory push as markets weigh liquidity, risk sentiment, and the direction of crypto policy in major economies. The UK’s approach contrasts with ongoing MiCA developments in Europe and the U.S.’s drawn-out debates over agency jurisdiction and stablecoin licensing. With the FCA’s timeline and framework now public, market participants are watching how swiftly firms can align operations to the forthcoming standards while continuing to navigate evolving supervisory expectations.

Sentiment: Neutral

Price impact: Neutral. At this stage, the public consultation signals regulatory clarity and may encourage compliance planning, but immediate price shifts are not evident from the release itself.

Trading idea (Not Financial Advice): Hold. Institutions and incumbents may begin reallocating resources toward regulated activities as details crystallize, but investors should wait for final rules and enforcement guidance before adjusting exposure.

Market context: The FCA’s framework aligns crypto activities with established financial services regimes, a move that could influence liquidity dynamics by encouraging compliant players to scale operations within the UK market and potentially attracting international entities seeking regulatory certainty.

Why it matters

The FCA’s approach marks a deliberate shift away from piecemeal, sector-specific add-ons to a holistic regime that treats crypto assets as part of the country’s financial architecture. By outlining clear categories and mapping assets to corresponding rules, the regulator aims to reduce ambiguity for firms seeking to operate in the UK, from custodians to trading venues and payment service providers. This could lower the compliance burden relative to navigating a patchwork of state, federal, and international requirements and may pave the way for greater institutional participation.

Industry voices highlighted the advantage of a centralized framework in avoiding inconsistent regulatory signals that have tempered development in other markets. Nick Jones, CEO of Zumo, praised the FCA’s public consultation as a way to incorporate stakeholders’ concerns without allowing policy disagreements to derail progress. The broader message is that a unified regime can deliver predictable governance: a key factor for institutions evaluating whether to deploy capital and technology at scale in a familiar, well-regulated environment. The UK’s intended model aims to harmonize consumer protections with the operational realities of crypto businesses, reducing the risk of off-shoring and unregulated structures that have bedeviled the market in other jurisdictions.

At the same time, observers emphasize that the UK framework deliberately departs from MiCA’s design philosophy. While MiCA contemplates an expansive, horizontally integrated regime across the European Union, the UK’s plan focuses on extending existing financial regulation to crypto participants rather than grafting a bespoke, lighter-wrapped regime onto an unregulated sector. Wiggin partner Marcus Bagnall noted that this approach could raise compliance costs in the near term but would likely yield a more robust foundation for institutional money. In practice, that means more rigorous disclosures, governance, and custody standards—elements that could improve investor confidence and facilitate product development for regulated clients.

Another dimension is the regulatory stance on stablecoins. The UK’s centralized system envisages a single national regime that treats stablecoins as part of financial services, potentially streamlining licensing for issuers and service providers. In contrast, the U.S. contemplates a more intricate mix of federal and state licensing, with multiple regulators and Treasury involvement. That divergence, some analysts suggest, could create interoperability friction across markets and complicate cross-border settlements. The UK’s framework seeks to minimize such friction by eliminating compelling jurisdictional ambiguity for stablecoin entities operating within the UK’s borders.

The FCA’s integration drive also aligns with a broader political economy goal: reviving the UK’s ambition to become a crypto hub. After an initial push under Prime Minister Boris Johnson, the drive slowed as market conditions deteriorated. Proponents now argue that a clear, enforceable regime is essential to attracting legitimate participants, enabling product diversification, and safeguarding consumers in an era of rapid innovation. The regulator’s willingness to engage with stakeholders early—through a public consultation process that is group-wide in scope—signals a more disciplined path toward maturity for the UK crypto sector.

Beyond the policy mechanics, the framework signals a practical shift for practitioners. The long-term objective is to foster a compliant ecosystem where retail investors gain access to regulated services with clearer asset custody standards and dedicated protections. While the path will be costlier in the near term, the anticipated outcome is a market structure that can withstand scrutiny, meet prudential standards, and withstand the volatility that has long characterized the space. There is an implicit bet that regulated, transparent access will attract new capital and talent, reviving the UK’s ambition to be a globally relevant crypto technology hub.

The policy dialogue surrounding stablecoins, as well as the broader attempt to integrate crypto into existing financial rails, illustrates a fundamental tension: how to preserve innovation while ensuring consumer safety and market integrity. Analysts note that the UK’s approach could help mitigate some of the regulatory ambiguities seen in other jurisdictions and provide a more predictable runway for asset custody, disclosures, and enforcement. As the FCA’s final framework continues to evolve through consultation and eventual rulemaking, the impact on operational practices—from risk management to onboarding and KYC procedures—could be substantial for both incumbents and newcomers.

Observers also point to the UK’s broader regulatory philosophy: instead of a MiCA-style wrapper tailored to a rapidly expanding crypto sector, the FCA is extending established financial regulation to encompass crypto-asset firms. In practical terms, that means clearer supervisory expectations, more consistent capital and disclosure requirements, and a framework designed to support customer protections in a way that can be scaled for institutional use. As Nick Jones and other industry figures have argued, the net effect could be a more robust, diligence-ready market architecture that invites compliant players to participate in the UK ecosystem at scale. The emphasis remains on a regulated environment where consumer trust is anchored to clear rules for asset custody, disclosure, and market conduct.

While the path to full implementation remains lengthy, the momentum around the FCA’s framework signals a renewed appetite for orderly growth in the UK crypto space. For participants who have long advocated for regulatory clarity—ranging from asset managers to custody providers—the prospect of a single, centralized rulebook is a meaningful inflection point. The framework’s success will hinge on the quality of the final rules, the speed and predictability of enforcement, and the extent to which the regime can harmonize with international standards without stifling innovation. If achieved, the UK could move from a cautious observer to a pivotal hub for compliant crypto activity, bridging traditional finance with the next wave of blockchain-driven solutions.

What to watch next

March 2027: Conclusion of the three-year rulemaking process and key milestones for transitional provisions.

October 2027: Targeted full implementation of the regime and the practical rollout for crypto businesses and service providers.

Regulatory guidance on stablecoins and how issuers will be licensed, capitalized, and supervised under the centralized UK framework.

Potential alignment or friction with Europe’s MiCA regime and any cross-border regulatory cooperation developments.

Monitoring enforcement signals from the FCA as the regime moves from consultation to rulemaking and then into supervisory practice.

Sources & verification

FCA’s final consultation release describing the 10 regulatory proposals and the stated March 2027 conclusion with October 2027 implementation timeline.

Comparative discussions on centralized UK regulation versus the US CLARITY Act, including multi-agency licensing considerations for stablecoins.

Industry commentary from Zumo’s Nick Jones and Wiggin’s Marcus Bagnall on the UK framework’s departure from MiCA-style wrappers and its institutional implications.

Historical FCA actions on Travel Rule enforcement (Sept. 2023) and the 2023 stablecoins discussion paper, along with subsequent policy work on custody, disclosures, and market abuse.

UK government crypto hub ambitions and related policy milestones, including the 2022 strategic plan and related discussions around operational clarity for crypto firms.

Brian Armstrong’s activity on X referenced in the coverage of regulatory discussions (View on X).

UK’s centralized crypto regime: timeline, stakes, and global context

The FCA’s final consultation marks a turning point in the UK’s regulatory narrative for crypto. In a departure from the ad hoc adjustments of a rapidly evolving sector, the regulator lays out a forward-looking framework designed to align crypto-asset activities with established financial-service norms. The central premise is simple: bring crypto providers into the fold under a single, predictable regime that covers asset custody, disclosures, anti-money-laundering controls, and market integrity. This approach reduces the ambiguity that often haunts cross-border operations and makes it easier for compliant firms to scale within the UK market while offering clearer protections to retail investors.

Among the most notable contrasts with the United States is the UK’s centralized institutional architecture. By design, the FCA will determine which assets attract which regulatory requirements, reducing the complexity of navigating separate federal and state regimes. For stablecoins, in particular, the UK’s stance suggests a unified, national approach rather than a mosaic of licensing across various jurisdictions—a position some observers say could minimize cross-border market friction that has hindered interoperability in other markets.

From a business perspective, the framework promises to lower operational risk for firms that want to operate at scale within the UK. Yet it also imposes higher upfront compliance obligations, including robust disclosures and governance standards. Industry attorneys and corporate participants alike acknowledge that while the near-term costs could rise, the long-term benefits—greater investor protection, more predictable enforcement, and a more stable ecosystem—could attract institutional capital that has previously steered clear of regulatory uncertainty. In this sense, the UK is attempting to strike a balance between encouraging innovation and maintaining the financial system’s integrity.

The arc from implementation to execution will be shaped by ongoing consultations, implementation guidelines, and testing phases that help translate policy into concrete practice. As one industry executive noted, the environment for crypto firms could become more predictable, enabling firms to plan product roadmaps, governance structures, and custody arrangements with greater confidence. The ultimate question is whether the regime can deliver the operational clarity that businesses say they need to grow responsibly in a highly regulated landscape, while preserving the agility that drew many players to crypto in the first place. If the framework succeeds, it could help transform the UK into a credible global hub for regulated crypto activity, connecting the innovation of blockchain technologies with the stability of a well-regulated financial system.

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This article was originally published as UK Dodges US Malaise as FCA Finalises Rules on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

For years, Bitcoin (BTC) traders have watched its price relative to gold (XAU) for clues on when BTC bottoms in US dollar terms. But in 2026, that BTC-to-gold signal is starting to look less dependable as macro dynamics shift and the ratio migrates away from previously established benchmarks. The latest turn comes as gold rallies and risk-off sentiment intensifies, pressing BTC/XAU toward levels that previously signaled a potential bottom. Market participants are weighing a mix of long-running trendlines, dynamic macro catalysts, and evolving appetite for defensive assets as they navigate a year that has already challenged conventional BTC–gold relationships.

Key takeaways:

Bitcoin remains undervalued versus gold and has slipped below its Power Law trend, a long-run model some analysts use to gauge BTC’s fair value over time.

BTC/XAU is already under the 200-2W EMA that historically lined up with bottoms in BTC/USD cycles.

Gold’s next move is likely to dictate whether BTC enjoys a relief rally or continues to trend lower in the near term.

Macro drivers—rising real yields, a firmer dollar, and risk-off inflows—could keep pressure on BTC in the absence of a decisive gold pullback.

Analysts remain split on the near-term trajectory, with some predicting a potential reversion if hedges unwind and risk appetite returns, while others caution that the 2026 setup could persist longer than anticipated.

Bitcoin keeps declining in gold terms

This week, the BTC/XAU ratio—the value of BTC relative to gold—drifted away from its long-running Power Law trend for the first time in history, marking a potential shift in the BTC–gold dynamic, as noted by observers such as Julius.

A Power Law serves as a probabilistic guide for Bitcoin’s growth path, with the curve sometimes signaling overvaluation when prices run above it and underscoring undervaluation when prices dip below. The current deviation has sparked renewed discussion about whether BTC’s discounted setups are as rare as they once seemed.

January observations showed BTC/XAU as particularly cheap in historical terms, a pattern that emerged as gold breached notable milestones and risk-off conditions intensified. The precious metal surged toward new levels, while broader markets absorbed shocks from macro forces and geopolitical prompts. In one backdrop, Bank of America’s private banking arm suggested gold could push above $6,000 by year-end, a call that would reinforce the relative bid for defensive assets even as BTC navigates a more uncertain macro landscape.

That tension sits against the backdrop of a broader debate about BTC’s four-year cycle. Some researchers have argued that BTC could linger below key psychological levels for longer than expected, challenging the idea that a rapid cyclical bottom would emerge. The juxtaposition of a potential BTC bottom against a surging gold market underscores the complexity of BTC’s price path in 2026, as macro catalysts add layers of nuance to the traditional BTC–gold narrative.

As of early 2026, BTC had already traced a path that diverged from the optimism that accompanied a run toward four-digit gold targets and the narrative of a swift BTC recovery. The market’s focus shifted toward how much of BTC’s downside might be mitigated by hedging demand, liquidity conditions, and the shifting calculus of risk-off positioning. The ratio’s move below critical levels has raised questions about whether BTC will encounter a sustained bottom in the near term or require a more prolonged phase of consolidation before any convincing rally materializes.

This divergence also reflects how traders and institutions are weighing alternative catalysts. If real US yields rise and the dollar steadies or strengthens, defensive assets like gold could maintain the upper hand, dampening the likelihood of a rapid BTC rebound. Conversely, if gold’s momentum wanes or risk appetite returns, BTC could still attempt a relief rally as market conditions stabilize. In either case, the relationship between BTC and XAU remains a focal point for traders assessing whether BTC can regain momentum without a parallel shift in gold’s trajectory.

In this context, some analysts point to possible scenarios where a retreat in gold’s rally could relieve pressure on BTC/XAU, potentially creating room for BTC to revisit price forecasts that place it near institutional targets—though those forecasts are conditional on macro variables and the resilience of risk-on trades. The narrative remains contingent on real-yield dynamics, dollar direction, and the pace at which the market prices in a return to risk-on behavior. As prominent institutions issue mixed outlooks for 2026, the BTC/XAU cross remains an essential barometer for assessing how crypto markets respond to shifts in traditional safe-haven demand and macro risk sentiment.

Related commentary has drawn parallels to past inflection points where BTC traded below or near key monitoring levels before a decisive move. While some analysts anticipate a potential reversion in the BTC/XAU ratio, others warn that the current regime could endure, with gold leading the narrative and BTC following as macro conditions evolve. The interaction between BTC’s price path and gold’s leadership remains a central element of the crypto macro story, particularly as flows into or out of risk assets influence both markets in tandem.

A gold pullback could relieve some pressure on BTC/XAU, potentially restoring Bitcoin’s odds of hitting higher price targets if macro conditions cooperate and risk sentiment improves. In that scenario, BTC could still find support near major trendlines or within institutional price bands that have historically shaped volatility and potential reversals. The evolving dynamic underscores that BTC’s fate in 2026 is closely tied to gold’s trajectory and the broader macro environment—a reminder that crypto markets do not operate in isolation from traditional asset classes.

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This article was originally published as Bitcoin-to-Gold Bottom Fractal Breaks as BTC Seeks Bottom on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Stablecoins pose a real risk to bank deposits, both globally and in the United States, according to a fresh assessment by Standard Chartered’s digital assets research team. The analysis comes as the US CLARITY Act, a bill targeting stablecoin yields, remains delayed—a sign that policymakers continue to scrutinize how stablecoins interact with traditional banking. The bank’s researchers estimate that US bank deposits could shrink by as much as a third of the current stablecoin market cap, a sector measured at roughly $301.4 billion in dollar-pegged coins, according to CoinGecko. Beyond the numbers, the report maps how regional banks could bear a larger share of the deposit outflow risk compared with more diversified or investment-focused institutions. The findings arrive as Coinbase withdraws support for the CLARITY Act and Circle’s CEO dismisses fears of bank runs as unfounded, underscoring a deeply polarized policy debate around stablecoins and banking stability.

Key takeaways

Regional US banks face higher exposure to stablecoin-driven deposit shifts, with Huntington Bancshares, M&T Bank, Truist Financial and CFG Bank highlighted as most at risk compared with diversified banks or investment banks.

NIM income, a core profitability metric, becomes a principal measure of risk: if deposits migrate to stablecoins and banks lose those funds, net interest margins can deteriorate for institutions with heavier retail deposit bases.

The pressure on deposits hinges on where stablecoin issuers park their reserves; if holdings are concentrated in the issuing banks, outflows may be offset, but misalignment increases systemic deposit risk.

Reserve composition matters: Tether’s USDt and Circle’s USDC reportedly hold only 0.02% and 14.5% of their reserves in bank deposits, suggesting limited re-depositing and weaker spillover effects on banks when stablecoins are used widely.

Demand for stablecoins skews toward emerging markets, with roughly two-thirds of current demand coming from those regions; developed markets account for about one-third, implying uneven regional impact on bank deposits by 2028.

With a projected $2 trillion market cap for stablecoins, the analysis projects about $500 billion in deposits could depart developed-market banks and roughly $1 trillion could leave emerging-market banks by end-2028.

Tickers mentioned: $USDT, $USDC

Sentiment: Neutral

Price impact: Neutral. The report frames deposit risk and regulatory dynamics rather than immediate price movements.

Trading idea (Not Financial Advice): Hold. Focus remains on risk assessment and regulatory trajectory rather than short-term trading signals.

Market context: The findings sit at the intersection of evolving stablecoin policy, bank funding dynamics, and regional disparities in demand. As regulators weigh how to regulate yields and reserve practices, the banking sector faces a potential reallocation of deposits should stablecoins broaden their footprint among consumers and institutions alike.

Why it matters

The Standard Chartered analysis reframes stablecoins as not merely a payments or yield phenomenon but a potential driver of bank deposit stability. If a significant portion of retail and wholesale deposits migrates into dollar-pegged digital assets, banks—particularly those with concentrated regional footprints—could see narrower net interest margins as the funding base contracts. The study emphasizes NIM income as the clearest window into this risk, since deposits are a key revenue engine for many banks. In practical terms, a regional lender with a higher reliance on deposits stands to experience more pronounced pressure on margins than a diversified or investment-focused institution.

The report also underscores a nuanced dynamic: the location of stablecoin reserves matters for the stability of the broader banking system. If stablecoin issuers keep reserves in banks within the same country or region where the stablecoins are issued, withdrawals might be offset by redeposits, potentially dampening systemic risk. Conversely, if reserves are held elsewhere or are insufficiently diversified, deposit runs could intensify stress in the banking sector. This distinction helps explain why the analysis points to a greater risk concentration among certain regional US banks and suggests that reserve management practices will be a focal point for both issuers and regulators.

Beyond domestic policy friction, the conversation touches on the real-world asset (RWA) frontier—tokenized assets that could amplify or complicate deposit dynamics as markets experiment with new forms of collateral and liquidity. While stablecoins are the current focal point, the broader implication is that the banking system could face deposit stability challenges from multiple digital-asset innovations, especially as mainstream adoption grows and policy frameworks evolve.

What to watch next

Progress on the CLARITY Act—whether lawmakers advance the bill toward passage by the end of the first quarter of 2026.

Reserve composition updates from the largest stablecoins, particularly how issuers balance fiat reserves across banking partners and custodians.

Deposits flow data from regional banks and larger lenders to gauge early signs of stablecoin-driven outflows.

Regulatory clarity on allowances for stablecoin yields and the impact of potential policy shifts on bank funding models.

Continued discourse around tokenized real-world assets and their implications for liquidity and deposit stability.

Sources & verification

Standard Chartered report detailing stablecoins’ impact on bank deposits and NIM as a risk measure.

CoinGecko’s USD-stablecoin market-cap measurement referenced in the analysis.

Statements and coverage addressing Coinbase’s stance on the CLARITY Act and public comments by Circle’s CEO on bank-run fears.

Bank of America coverage discussing the potential $6 trillion in bank deposits at risk from stablecoin yields.

Stablecoins, deposits and regulatory risk for banks

Standard Chartered’s researchers map a pathway where stablecoins—cryptocurrencies pegged to the dollar—could reshape traditional deposit dynamics. The bank’s base-case projection centers on a broad, cross-border set of variables, including where issuers lodge their reserves, how domestic versus foreign demand evolves, and whether wholesale funding patterns shift in tandem with consumer adoption of stablecoins. The analysis starts from the premise that deposits are the bedrock of many banks’ profitability, and that stablecoin adoption can erode that bedrock through multi-channel deposit outflows. Given the current size of the US-dollar stablecoin market, the implications are not purely theoretical—they depend on policy choices and market behavior over the next few years.

One of the key levers identified is the location of issuers’ reserves. If the money that backs stablecoins remains predominantly in the issuing banks, a drawing down of deposits could be mitigated by a corresponding redeposit of funds into the same financial system, thus softening spillovers. In contrast, if reserves are dispersed or held in jurisdictions distant from the point of issuance, the risk of net deposit reduction rises for the issuing banks and the broader domestic system. The report notes that the reserve posture is not just a technical detail; it informs the probability and magnitude of potential bank runs tied to stablecoins.

On the reserve front, the analysis flags the reserve allocations of the two largest stablecoins: USDt (CRYPTO: USDT) and USDC (CRYPTO: USDC). The findings show that only a minimal portion of their reserves sits in bank deposits—0.02% for USDt and 14.5% for USDC—limiting the direct channel through which redeposits might offset outflows. This lowers the likelihood that simply moving funds into a stablecoin would automatically produce a corresponding, offsetting redeposit back into the same banking system. Still, the effect can vary depending on the issuer’s overall funding mix and the appetite of domestic users to convert stablecoins back into fiat in local banks.

The regional dimension is also central. The analysis argues that domestic demand for stablecoins tends to drain local bank deposits more aggressively than foreign demand, underscoring why regional lenders could bear a disproportionate burden. The report names a handful of regional US banks—Huntington Bancshares, M&T Bank, Truist Financial and CFG Bank—as being among the more exposed institutions under this framework. By contrast, larger, diversified banks and investment banks appear comparatively insulated, given broader funding bases and non-retail revenue streams. This geographic and business-model split helps explain the sector-wide caution around stablecoins and deposit stability in the near term.

Looking ahead, the team projects a bifurcated demand landscape. They estimate that roughly two-thirds of stablecoin demand today originates from emerging markets, with about one-third from developed markets. If demand proves persistent and stablecoins continue to scale, the resulting net outflows could become a material tail risk for certain bank segments. Under a scenario where stablecoins reach a $2 trillion market cap, the bank deposit implications become more pronounced: roughly $500 billion could depart developed-market banks by 2028, while about $1 trillion could exit emerging-market banks. These figures illustrate the scale of potential disruption even before policy actions or macroeconomic shifts are factored in.

Beyond pure market dynamics, Standard Chartered notes that the CLARITY Act’s ultimate fate will shape the regulatory backdrop against which all of this plays out. The bank still expects the bill to pass by the end of the first quarter of 2026, a timeline that would heighten the emphasis on how banks and issuers adapt their business models to changing rules around stablecoin yields and reserve practices. The analysts also remind readers that deposit risk is not unique to stablecoins; broader tokenization of real-world assets could introduce additional channels for risk transfer and liquidity fragmentation as the digital-asset ecosystem expands.

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This article was originally published as Stablecoins Could Endanger Bank Deposits, Standard Chartered Warns on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Italy’s securities regulator has imposed a €200,000 administrative fine on Fabrizio Corona for promoting and offering a memecoin known as $CORONA without meeting the requirements set by European crypto-asset rules. The sanction, made public on 26 January 2026, follows an earlier intervention in March 2025 that halted the initiative and blocked related online platforms. Regulators concluded that the offer lacked the mandatory disclosures and legal structure required under the Markets in Crypto-Assets Regulation, raising concerns about investor protection and transparency in the fast-moving memecoin market.

Key takeaways

Italy’s Consob fined Fabrizio Corona €200,000 for an unauthorised public offer of the memecoin $CORONA.

The offering was promoted via Telegram channels and a dedicated website without a compliant White Paper.

Authorities determined the initiative violated the EU’s Markets in Crypto-Assets Regulation (MiCAR).

The offer was active for at least nine days before being formally blocked on 4 March 2025.

Consumer group Codacons flagged alleged suspicious trading patterns linked to the token’s launch.

Tickers mentioned: $CORONA

Sentiment: Neutral

Market context: The case reflects a broader regulatory push across Europe to enforce MiCAR rules as retail participation in high-risk crypto assets remains elevated.

Why it matters

The decision underscores how European regulators are applying MiCAR to curb unauthorised crypto promotions, particularly those targeting retail investors through social media. Memecoins often rely on viral marketing rather than fundamentals, making disclosure and accountability especially relevant.

For investors, the ruling highlights the risks of participating in token launches that lack formal documentation or regulatory oversight. For promoters and influencers, it signals that personal branding and online reach do not exempt crypto offerings from compliance obligations.

More broadly, the case illustrates how consumer complaints and watchdog scrutiny can accelerate enforcement actions in the crypto sector.

What to watch next

Any follow-up investigations by Consob or other EU regulators into similar influencer-led token launches.

Responses from platforms hosting crypto promotions regarding MiCAR compliance.

Further actions stemming from Codacons’ additional complaints to Consob and the Bank of Italy.

Sources & verification

Consob administrative sanction published via Borsa Italiana / Teleborsa

Codacons official complaint and statement regarding the $CORONA memecoin

Adnkronos report on Consob’s €200,000 fine and MiCAR violations

Consob enforcement and the $CORONA memecoin case

Italy’s securities watchdog concluded that the public promotion of the memecoin known as $CORONA (CRYPTO: CORONA) breached European crypto-asset rules by failing to meet basic legal and disclosure standards. According to the regulator, the initiative was promoted directly by Fabrizio Corona through online channels, including a Telegram group and a dedicated website, without being structured through a legal entity as required under MiCAR.

Central to the decision was the absence of a compliant White Paper. Under the EU framework, issuers of crypto-assets that are neither asset-referenced tokens nor e-money tokens must prepare and notify regulators of a detailed document outlining the project, associated risks, and investor rights. Consob stated that no such document was drafted or submitted in connection with the $CORONA memecoin.

The regulator also noted that the offer continued despite an initial warning. Online checks conducted from 24 February 2025 identified active promotion and token availability, with trading reportedly accessible on the decentralised exchange Raydium. On 4 March 2025, Consob exercised its powers under MiCAR to order the immediate termination of the offer and block access to the associated platforms.

In parallel with the $CORONA action, Consob reported blocking several other websites providing crypto-related services without authorisation, as well as financial brokerage sites deemed abusive. The authority framed these measures as part of a broader effort to safeguard retail investors from unregulated initiatives.

The enforcement process was also shaped by complaints from Codacons, an Italian consumer advocacy group. Codacons had submitted a formal report in early 2025 alleging irregularities tied to the “Progetto Corona” and the memecoin launch. According to the complaint, promotional messaging promised durability and potential returns, setting expectations that were not supported by transparent disclosures.

Codacons further alleged that trading activity surrounding the launch displayed hallmarks of market manipulation. In its submission, the group pointed to blockchain data suggesting that at least one wallet acquired tokens before the official contract address was made public. This, it argued, implied access to non-public information and raised the possibility of insider trading.

The consumer group also highlighted rapid sell-offs in the initial minutes after trading began, which coincided with a sharp drop in token value. Such dynamics, Codacons claimed, are characteristic of so-called pump-and-dump schemes, where early participants exit at the expense of later buyers.

Consob’s final decision referenced these concerns but focused its legal assessment on regulatory compliance rather than on-chain trading behaviour alone. The watchdog determined that the violation lasted at least nine days, from the initial online findings through the formal blocking order. In setting the €200,000 fine, Consob cited the seriousness of the breach and the scale of the potential audience reached through social media.

The regulator also noted a lack of cooperation during the proceedings. According to the decision, Corona did not engage constructively after receiving an initial warning and did not submit defensive arguments during the sanctioning process. Consob stated that no remedial measures were identified that would prevent similar conduct in the future.

Beyond the memecoin case, Codacons has since filed an additional complaint highlighting other initiatives allegedly promoted through social media accounts linked to Corona, including a service described as “Corona AI” that purportedly promised easy profits. The group has asked Consob and the Bank of Italy to assess whether those activities also fall within the scope of financial or crypto-asset regulations.

The case illustrates how MiCAR is being enforced in practice less than two years after its adoption, particularly in scenarios involving high-profile individuals and retail-focused marketing. While the regulation was designed to harmonise rules across the EU, national authorities retain significant discretion in monitoring online activity and responding to consumer complaints.

For market participants, the outcome serves as a reminder that crypto promotions aimed at European investors must adhere to formal requirements regardless of scale or branding. As regulators continue to monitor the sector, similar actions are likely where offerings bypass disclosure obligations or rely solely on social media reach to attract participants.

This article was originally published as Italy’s Consob Fines Fabrizio Corona €200K Over Illegal $CORONA Memecoin Offer on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin (CRYPTO: BTC) traders were watching a confluence of momentum signals that historically foreshadow sizable moves, but on-chain data suggests a cautious path ahead as market participants lean defensive. A fresh cross between momentum indicators tied to major yield curves has rekindled optimism for a breakout, yet spot activity and fund flows point to lingering headwinds. The juxtaposition of bullish signals with a tepid immediate bid underscores a market that could take time to reassert upside momentum, even as investors weigh macro risks and policy posture.

Key takeaways

Bitcoin surged 600% in 2021 after a similar bullish cross was confirmed, a pattern observed by market observers and cited as an enduring bull-run signal.

Onchain data points to persistent sell-side pressure, suggesting that a price recovery could be slower than hoped as market participants adopt a risk-off stance.

Spot Bitcoin ETF weekly net flows flipped from a $1.6 billion inflow to a $1.7 billion outflow, signaling cooling institutional demand and added near-term downside pressure.

Gold rose above $5,000 per ounce, while BTC traded in a range, a divergence some analysts say is historically common before a disruptive breakout in crypto markets.

The most recent cross on the Stochastic RSI of the US 10-Year Treasury Yield and the China 10-Year Government Bond Yield against BTC’s chart last occurred in October 2020, preceding a major rally to new highs in 2021.

Tickers mentioned: $BTC

Sentiment: Neutral

Market context: The broader market is contending with mixed macro cues, with investors weighing yields, global growth signals and liquidity conditions against a backdrop of fluctuating ETF flows and hedging demand. The crypto complex remains sensitive to macro shifts, policy signals, and risk appetite, which can keep downside volatility elevated even when bullish markers flash.

Why it matters

The narrative around BTC’s near-term trajectory is a study in contrasts. On one hand, a notable bullish cross—where momentum indicators pick up in tandem with benchmark yields—has historically marked inflection points that precede significant upside. On the other hand, on-chain metrics have turned increasingly defensive. The spot cumulative volume delta (CVD), a gauge of the net difference between buying and selling pressure, has swung decisively negative, signaling that more traders are stepping back or hedging against further downside. This contraction in buying vigor underscores a market that could remain range-bound until buyers reappear with convincing momentum. Glassnode notes in its Weekly Market Impulse report that selling pressure has surged, and hedging demand is rising, a combination that tends to cap near-term upside unless new catalysts emerge.

Bitcoin: Spot CVD. Source: Glassnode

The swing in ETF dynamics compounds the complexity. Weekly net flows into spot BTC ETFs flipped from inflows of roughly $1.6 billion to outflows near $1.7 billion, illustrating a cooling in the institutional bid that has often helped stabilize prices during drawdowns. The shift suggests that traders are increasingly prioritizing hedges and capital preservation over aggressive long bets, at least in the near term. A broader context of macro uncertainty and higher macro hedging costs adds to the sense that a sustained bounce may require a fresh tranche of liquidity or a decisive risk-on turn in broader markets.

“Overall, market conditions have shifted more defensive, while persistent sell-side pressure and rising hedging demand suggest the market remains fragile.”

Despite these countervailing threads, the allure of a renewed BTC rally remains. The historical precedent—where a similar Stochastic RSI cross tied to major yields preceded a blistering rally—offers a blueprint for bulls. A key reference point is October 2020, when the last cross occurred and preceded a 600% ascent to BTC’s 2021 all-time high around $69,000. That context is part of the ongoing debate about whether current signals could repeat a similar script, or whether the intervening macro environment—ranging from tighter financial conditions to evolving regulatory pressure—will mute the effect.

BTC/USD weekly chart. Source: Coinvo Trading

As traders weigh these dynamics, some analysts point to the dollar’s behavior as an accelerant for BTC’s next move. Matthew Hyland argues that a break to the upside could hinge on the U.S. dollar index (DXY) weakening below 96, a pattern that historically coincided with tradable BTC upside in prior cycles. This line of thinking aligns with research linking dollar strength to risk-off conditions that suppress risk assets, including BTC, until the macro backdrop shifts. Hyland’s assessment mirrors a broader view that macro signals will play a decisive role in BTC’s trajectory over the coming weeks, alongside technical and on-chain data points.

Source: Matthew Hyland 

In parallel, the market’s risk-on/risk-off balance is reflected in cross-asset dynamics. The long-standing divergence between gold and BTC—gold climbing above $5,000 while BTC remains in a broad range—has drawn attention from traders who study cross-asset behavior for clues about crypto cycles. Some observers from Swan advocate patience, noting that gold tends to move first and that BTC often coalesces in a prolonged sideways phase before a decisive breakout, a pattern that has repeated across past cycles.

Source: X/Swan

Beyond the immediate price action, the market’s fragility is echoed in a steady drumbeat of caution from observers tracking on-chain behavior and ETF momentum. The convergence of negative CVD, waning institutional demand and macro uncertainty paints a cautious canvas for BTC over the near term. Yet history has shown that once buyers regain conviction—often triggered by a combination of favorable macro data, a reset in risk sentiment and a fresh stream of liquidity—the crypto market can snap back with the kind of velocity that leaves late-cycle skeptics catching up. In the current environment, that reset could hinge on a confluence of factors rather than a single catalyst, aligning with the nuanced reality that a rapid breakout remains plausible but not guaranteed without stronger on-chain demand and macro support.

What to watch next

Monitor BTC’s response to any renewed risk-on signals and changes in the DXY, particularly if the dollars begin to loosen in the coming weeks.

Track spot CVD momentum for signs of a shift back toward net buying and a potential breakout phase.

Watch ETF-related flows for any resumption of institutional demand or renewed outflows that could redefine the near-term path.

Assess cross-asset dynamics with gold and other macro assets to gauge evolving hedging behavior and contingency strategies.

Sources & verification

Glassnode, Weekly Market Impulse report (spot CVD and market resilience assessments).

Cointelegraph reports on Bitcoin ETFs net flows and market sentiment dynamics.

Gold divergence article: “Gold reaches all-time high 5k diverging Bitcoin.”

Swan analysis on cross-asset divergences and market implications.

Commentary on DXY strength and macro drivers, including traders’ perspectives on BTC’s price pathway.

Bitcoin’s market reaction and the road ahead

Bitcoin (CRYPTO: BTC) stands at a crossroads where a confluence of historical signals collides with current macro realities. The bullish cross observed on momentum readings tied to major yield curves has historically been a prelude to substantial upside, and this time is no exception in the eyes of some analysts. Yet the on-chain narrative remains stubbornly mixed. The spot CVD has turned decisively negative, underscoring a shift toward selling and hedging that could suppress immediate upside unless buying interest strengthens. The flip in ETF flows from inflows to outflows further complicates the path, suggesting that institutions are recalibrating risk exposure in the face of macro uncertainty and policy ambiguity.

Bitcoin: Spot CVD. Source: Glassnode

On the upside, the historical record offers a note of optimism. The last time the Stochastic RSI cross involving US10Y and CN10Y occurred, BTC advanced into a sustained rally that culminated in a multi-year run to new highs. The comparison to the Oct 2020 cross remains a focal point for bulls who argue that big price moves often follow once the macro and technicals align. However, the present environment is not a direct replay of that period. The market’s defensive posture—evidenced by hedging demand and cautious positioning—could mean a slower burn before any decisive breakout materializes. The divergence between gold and BTC, while notable, has historically not been a standalone predictor; rather, it serves as one of many indicators traders watch as they calibrate risk appetite and positioning.

In this context, near-term watchfulness is prudent. The confluence of on-chain signals, ETF dynamics and macro cues suggests that BTC could remain in a broader range until a clear shift in liquidity or sentiment occurs. Participants should consider how a potential break above resistance zones could unfold in a low-liquidity environment and what that implies for risk management in trading and investment strategies. The coming weeks will be telling, with macro data, policy signals and evolving ETF flows likely to determine whether the next leg is a sustained rally or a renewed consolidation phase.

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This article was originally published as Most Reliable Bitcoin Price Signal Points to a 2026 Bull Run on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Editor’s note: The Global Blockchain Show Abu Dhabi 2025 has concluded after two days of discussions bringing together policymakers, enterprises, investors, and builders from across the Web3 ecosystem. Organized by VAP Group and hosted in Abu Dhabi, the event focused on practical blockchain adoption, regulatory frameworks, and the convergence of blockchain with AI and digital assets. With strong government participation and a large international turnout, the show highlighted how the Middle East, and the UAE in particular, is positioning itself as a hub for enterprise-grade Web3, real-world applications, and institutionally driven innovation.

Key points

More than 5,000 attendees and 100+ speakers took part across two days in Abu Dhabi.

Panels focused on regulation, enterprise blockchain use, DeFi, AI integration, and Web3 infrastructure.

Government and institutional voices emphasized compliance and public-private collaboration.

Startup showcases and pitch sessions connected early-stage projects with investors and partners.

Why this matters

The event underscores how blockchain is moving beyond experimentation toward real deployment across finance, public services, and digital infrastructure. Abu Dhabi’s role as host reflects the UAE’s broader strategy to attract Web3 builders through regulatory clarity and institutional engagement. For founders, investors, and enterprises, the conversations signal where capital, policy support, and technical focus are aligning as blockchain, AI, and digital assets increasingly intersect.

What to watch next

Follow-up initiatives and partnerships announced after the Abu Dhabi meetings.

How regulatory themes discussed at the event translate into concrete frameworks.

The Global Blockchain Show’s next edition in Riyadh, scheduled for June 29-30, 2026.

Disclosure: The content below is a press release provided by the company/PR representative. It is published for informational purposes.

Abu Dhabi, UAE – The Global Blockchain Show Abu Dhabi 2025, which was organized by VAP Group and powered by Times of Blockchain, held from December 10-11, 2025, at Space42 Arena, Abu Dhabi, achieved the goal of being a leading platform that influences the worldwide blockchain and Web3 ecosystem in the Middle East region.

The two-day event provided an opportunity for government officials, business executives, investors, developers, and entrepreneurs within the blockchain space to share their thoughts and ideas on blockchain usage, legislation, the development of new technologies, and the implementation of real-world applications of the blockchain. The show attracted 5,000+ participants, and 100+ international keynote speakers were represented in 50+ different sessions and featured over 100+ different companies and startup businesses.

“It’s refreshing to attend a conference like this and engage face-to-face with the audience. Having real conversations, answering questions in person, and experiencing that direct interaction makes the event truly valuable. The atmosphere and engagement are exactly what I look for in a great conference.”  Carl Moon, Entrepreneur, Investor, Speaker, Founder, The Moon Group

Supported by the Abu Dhabi Convention & Exhibition Bureau as Destination Partner, the Global Blockchain Show was much more than a standard conference; rather, it provided an environment for the global blockchain community to engage in ongoing and insightful conversations on significant issues related to digital identity, the architecture that underlies Web3, real-world assets (RWA), the integration of AI and blockchain, and the emergence of DeFi, as well as the changing economic impact of the utilization of blockchain around the world.

A Truly Global Platform for Web3 Innovation

The Global Blockchain Show Abu Dhabi saw participants from all corners of the planet participate, including representatives of government, corporate, startup, investment, and tech appeals to Web3 communities. The Global Blockchain Show Abu Dhabi helped reinforce the rise of Abu Dhabi’s position in the world as a center for blockchain innovation and supporting progressive regulations through the direction of a large team of international delegates.

Many of the leaders, founders, CEOs, and technologists who appeared on stage presented their thoughts on how blockchain technology is becoming less of an experimental model and more of an organizational and an institutional and government-funded tool.

High-Impact Thought Leadership and Headline Discussions

Keynote speeches, panel discussions, fireside chats, and spotlight sessions focused on how blockchain technology currently exists and what it could possibly become in the future. The major themes discussed included 

Blockchain moving from the speculative to practical applications

Roles of governments as supporters of innovative companies & regulators

Enterprise uses of blockchain for public service delivery, healthcare, supply chain, and financial sectors

Convergence of blockchain and AI technologies

Interoperability, security, scalability and Web3 infrastructure

Digital assets, DeFi, and the future of financial systems 

Web3 gaming on the blockchain, and the typical creators’ economy

Headline speakers included:

Nenter Chow, Global CEO, BitMart

Akshat Vaidya, Co-Founder and Managing Partner, Maelstrom

Sergej Kunz, Co-Founder, 1inch

Stephan Lutz, CEO, BitMEX

Robin Wingardh, Co-Founder & CEO, Wingbits

Sami Waittinen, CMO, Trust Wallet

Jason Jiang, Chief Business Officer, CERTIK

Yat Siu, Co-Founder and Chairman, Animoca Brands

Cathy Hackl, Tech & Gaming Executive and CEO, Future Dynamics

Janet Adams, COO, SingularityNET

The speeches at the event provided practical advice and lessons that were based on real implementation of blockchain technology in the world today.

“It’s fun, it’s exciting, this event. Last time I was here, it was in Dubai; there was good energy, and there were a lot of people discussing great topics. I would certainly recommend people come and visit the show.” Yat Siu, Co-Founder & Chairman, Animoca Brands.

Strong Institutional and Governmental Involvement

There were many examples of how effective public-private partnerships, compliance-driven innovation, and forward-thinking policy frameworks will enable developers of blockchain technology to engage with institutions, regulators, and government representatives, and vice versa.

The discussions were about how regulatory clarity and supportive ecosystems, as demonstrated by the UAE and Abu Dhabi, will be critical for large-scale blockchain adoption, bringing in international businesses, and creating long-term trust from investors.

Startup Innovation and Exhibition Showcase

The exhibition area of the event served as a large and lively venue for showing technological innovation, showcasing blockchain startup companies, platforms built on Web3, technology companies that support infrastructure and other technologies, and companies that illustrate many of the potential next-generation technologies. The exhibition demonstrated the increasing complexity of the Web3 ecosystem and how it can encompass a variety of products and services, such as enterprise-ready platforms, decentralized finance (DeFi), and blockchain gaming platforms.

Through the startup pitch sessions held during the exhibition, startup companies were given numerous opportunities to showcase their ideas and projects. This gave startup founders a direct line of communication with potential investors, business clients, media, and ecosystem partners. Startups that participated included Epow.io, CereBree, SIXR Cricket, and others.

Meaningful Networking and VIP Engagements

True to its mission, the Global Blockchain Show prioritized high-quality, outcome-driven networking. The quality of the networking sessions and opportunities created during the event facilitated strategic conversations and partnerships through the curation of the sessions created for networking and VIP closed-door meetings, as well as having a VIP dinner for long-term relationship building among industry leaders.

“This was my first year attending, and the space and audience were fantastic. I’d be happy to be involved again next year.” Nenter Chow, Global CEO, BitMart

Driving the Future of Blockchain Forward

As the Global Blockchain Show Abu Dhabi 2025 echoed into history, one clear message emerged: blockchain is here today and will be impacting industries, governance, and global commerce now.

The success of the Global Blockchain Show Abu Dhabi demonstrated how individuals can come together through collaboration and play a significant role in developing discussions that will govern the forthcoming phase of blockchain adoption on a global scale.

The Global Blockchain Show 2026 will continue its efforts to bring the global Web3 ecosystem together and provide substantial, real-world transformative change by moving to Riyadh, Saudi Arabia, on 29-10 June, the next stop on the global blockchain show circuit.

About the Global Blockchain Show

The Global Blockchain Show serves as a premier international platform convening government leaders, policymakers, industry experts, and innovators to advance global collaboration in artificial intelligence.

Powered by VAP Group, the event reinforces the UAE’s position as a leading international hub for emerging technologies, digital transformation, and forward-looking governance.

About VAP Group

VAP Group is a leading AI, blockchain, and gaming consulting powerhouse, delivering advanced AI & Web3 solutions for 12+ years through flagship global events such as the Global AI Show, Global Games Show, and Global Blockchain Show. With a strong presence in the UAE, UK, India, and Hong Kong, our 170+ experts keep clients ahead of innovation through strategic PR, marketing, bounty campaigns, and premier global conferences. We also provide advertising, media, and staffing services.

Media inquiries: 

Global Blockchain Show Media team

Media@globalblockchainshow.com

This article was originally published as Global Blockchain Show Abu Dhabi 2025 Wraps Up as a Milestone for Web3 Adoption on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Editor’s note: The Global Games Show Abu Dhabi 2025 concluded in December as a two-day industry gathering focused on the convergence of gaming, Web3, esports, AI, and immersive technologies. Hosted in Abu Dhabi and produced by VAP Group, the event brought together developers, publishers, investors, policymakers, and technology providers to discuss how gaming is evolving into a broader digital economy built around ownership, data, and community-driven models. With strong participation from global speakers and regional stakeholders, the show highlighted Abu Dhabi’s growing role as a hub for next-generation gaming, blockchain-based economies, and interactive entertainment.

Key points

The event hosted over 5,000 attendees, 100+ speakers, and 100+ companies across gaming, Web3, esports, and AI.

Discussions focused on decentralized gaming economies, digital asset ownership, and AI-driven development tools.

Abu Dhabi Gaming used the platform to showcase incentives and infrastructure for studios and startups.

Startups and developers engaged directly with investors through showcases and curated networking formats.

Why this matters

Gaming is increasingly intersecting with blockchain, AI, and digital ownership, making events like Global Games Show Abu Dhabi relevant beyond entertainment alone. For builders and investors, the discussions reflect where player-centric economies, Web3 gaming, and regional esports markets are heading, particularly in the MENA region. For policymakers and platforms, the event signals how gaming is becoming part of a broader digital infrastructure strategy, tied to innovation, talent attraction, and long-term economic diversification.

What to watch next

Follow-up initiatives from Abu Dhabi Gaming to attract studios, startups, and publishers to the emirate.

How themes discussed, such as Web3 gaming and AI tools, translate into commercial launches and partnerships.

Developments around the next Global Games Show scheduled to take place in Riyadh in June 2026.

Disclosure: The content below is a press release provided by the company/PR representative. It is published for informational purposes.

Abu Dhabi, UAE – Spanning December 10th-11th, the Global Games Show Abu Dhabi 2025, produced by VAP Group and co-hosted by Abu Dhabi Gaming, concluded successfully on a high note. It has become a major landmark within the world of gaming, Web3, esports, AI, immersive technologies, and interactive entertainment.

By bringing together 5000+ attendees, 100+ global speakers, and 100+ companies, the event had a variety of game developers, publishers, Web3 innovators, esports leaders, investors, content creators, and policymakers gathering for two days to discuss how gaming is evolving to become a global multi-billion-dollar convergence of technology, culture, blockchain, artificial intelligence, and digital ownership.

Abu Dhabi has become an increasingly popular destination for gamers due to its focus on the entertainment industry and large investments made by Abu Dhabi Gaming. The Abu Dhabi Convention & Exhibition Bureau partnered with the Global Games Show to create an environment that will encourage collaboration between international game companies, developers, content creators, and financial backers to help them shape the future of gaming.

A Global Gathering of the Gaming and Interactive Entertainment Ecosystem

The Global Games Show Abu Dhabi attracted a diverse and global audience with representatives from many different types of organizations within the gaming sector: Game studios, publishers, Web3 gaming, esports, investment, technology providers, and game communities within each region.

The event also demonstrated how fast the gaming industry has changed from traditional gaming models to player-centric economies, decentralized platforms, and mobile-centric ecosystems. immersive persistent virtual worlds and community-based growth models, in addition to highlighting the role of gaming in our culture and as an economic engine.

Thought Leadership Driving the Next Era of Gaming

During the event, many gaming industry leaders presented insights on how new technologies and business models are helping to redefine the future of gaming by combining creative innovation with scalable profitability through keynotes, panels, fireside chats, and special presentations.

Key themes explored included

Future of Web3 Gaming & Decentralized Economies

Expansion of Blockchain and Digital Asset Ownership within Games

AI-driven Game Development, Analytics and Player Engagement

Expansion and Monetization of Esports

Infrastructure, Scalability and Interoperability of Game Development

Community-driven Game Development and Creator Ecosystems

Regulation, Sustainability and Future of Gaming Industry

Convergence of Gaming and Immersive Worlds

Headline speakers included:

Shawn Layden, Managing Partner, The Odysseus Partnership, Former chairman of PlayStation

Jasper Hu, Principal Solutions Architect, PingCAP

Sébastien Borget, Co-Founder, The Sandbox

Mohammed Yaseen, Founder, Esports & Gaming Association UAE

Yat Siu, Co-Founder & Chairman, Animoca Brands

Cathy Hackl, Tech & Gaming Executive and Chief Executive Officer, Future Dynamics

Daniel Wang, Co-Founder and Chief Executive Officer, Aethir

Marcos Muller-Habig, Sector Enablement Director, Abu Dhabi Gaming

Tess Hau, Founder, Tess Ventures

Michail Katkoff, Founder, Deconstructor of Fun

Esports, Web3 Gaming and Innovation at the Core

Powered by the Times of Games, the Global Games Show Abu Dhabi showcased the emergence of gaming and next-gen interactivity as a central theme. Various sessions were held to investigate how decentralization will allow for new methods of player ownership, monetization, and community engagement while fundamentally altering the developer/player/community dynamic.

Esports leadership as well as gaming entrepreneurs spoke on how mobile esports are continuing to become more professionalized in recent times, particularly across the MENA region, Asia, and LATAM, and how tournament structures and revenue models are continuing to evolve.

“As someone who recently launched a game, this event has been incredibly valuable. I met other starters, learned through meaningful conversations, and gained insights that will help shape my journey moving forward.” Kanessah Muluneh, CEO, Rise of Fearless

As co-host of the Global Games Show, Abu Dhabi Gaming used the platform to highlight the emirate’s ambition to become a leading global hub for gaming and esports. Throughout the event, the Abu Dhabi Gaming team engaged directly with start-ups, studios, and investors, showcasing the emirate’s competitive incentives, funding opportunities, and world-class infrastructure available to companies looking to establish or expand their operations in Abu Dhabi’s thriving gaming ecosystem.

Dynamic Exhibition and Startup Showcase

The exhibition was a lively display of the continuing development of new ideas. Examples include: 

Game Publishers and Studios 

Web3 Gaming Ecosystems (web3) and providers of Blockchain Infrastructure

E-sports organizations and competitive gaming formats

The application of AI in gaming tools

The use of immersive technologies in gaming

The participants were able to learn more about the current development of gaming technologies by participating in active demo showcases, live showcases, and all of the latest developments in the gaming industry that will drive the future of interactive entertainment. Startups were connected directly to investors, publishers, and strategic partners to create strategies for funding, creating partnerships, and global growth within their company.

High-Value Networking and Community-Led Engagement

By bringing together industry founders, developers, investors, creators, and policymakers, the Global Games Show encouraged collaboration and meaningful networking. The event featured a range of curated networking formats, including closed-door VIP meetings and an invitation-only Global Games VIP Dinner, enabling focused and valuable discussions.

“It’s great; there are very interesting people around here. I’ve already had a couple of interesting chats. Some old friends from all around the globe were coming. So I’m very positive about the event, and I love Abu Dhabi; it’s amazing. I’ve been following the Abu Dhabi gaming guys for quite some time and how they’re developing the ecosystem here, and I’m all supportive of that. I really hope there will be some great games coming out of the region, some great products that also go to the West. That would be my hope. So I’m very much enjoying my time here.” Georg Broxterman, Founder & CEO, Game Influencer

While other local and international shows often facilitate a transactional approach to engagement, the Global Games Show encouraged authentic conversations between exhibitors and attendees, formed cross-industry partnerships, and built opportunities for collaboration at an ecosystem level, demonstrating its role in creating a foundation for sustainable, long-term growth in the gaming industry.

Powering the Future of Gaming and Digital Entertainment

At the conclusion of Global Games Show Abu Dhabi 2025, it was clear that gaming has evolved beyond entertainment to become a vital part of the digital economy, culture, and technological innovation

“Amazing energy, passionate builders, and meaningful conversations.” Sebastien Borget, Co-Founder & Global Ambassador, The Sandbox & Sandchain

The Global Games Show brought together creators, technologists, investors, and policymakers to define and drive the ongoing development of gaming and interactive entertainment. 

Building on this positive momentum, the next event in the Global Games Show series takes place in Riyadh on 29-30 June, 2026, and has the potential to expand further into a rapidly developing market for game-related products and services.

About the Global Games Show

The Global Games Show serves as a premier international platform convening government leaders, policymakers, industry experts, and innovators to advance global collaboration in artificial intelligence.

Powered by VAP Group, the event reinforces the UAE’s position as a leading international hub for emerging technologies, digital transformation, and forward-looking governance.

About VAP Group

VAP Group is a leading AI, Blockchain, and Gaming consulting powerhouse, delivering advanced AI & Web3 solutions for 12+ years through flagship global events such as the Global AI Show, Global Games Show, and Global Blockchain Show. With a strong presence in the UAE, UK, India, and Hong Kong, our 170+ experts keep clients ahead of innovation through strategic PR, marketing, bounty campaigns, and premier global conferences. We also provide advertising, media, and staffing services.

Media inquiries: 

Global Games Show Media team

Media@globalgamesshow.com

This article was originally published as Global Games Show Abu Dhabi 2025 Sets Direction for Gaming and Web3 on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Editor’s note: The Global AI Show Abu Dhabi 2025 has concluded after two days of discussions, showcases, and high-level engagement focused on the practical adoption of artificial intelligence across government and industry. Hosted in Abu Dhabi, the event brought together policymakers, enterprise leaders, investors, and technologists to examine how AI is moving from experimentation to large-scale deployment. With strong alignment to the UAE’s AI Strategy 2031, the show highlighted regulation, responsible AI, and real-world use cases across sectors including finance, healthcare, cybersecurity, and smart infrastructure.

Key points

The event hosted over 5,000 attendees and more than 100 speakers from government, enterprise, and the startup ecosystem.

Discussions focused on enterprise AI adoption, regulation, ethics, and sector-specific implementation.

Strong participation from public institutions underscored the UAE’s policy-led approach to AI development.

The exhibition featured solutions spanning fintech, Web3, healthcare, smart cities, and decentralized AI tools.

Why this matters

The Global AI Show reinforces Abu Dhabi’s role as a regional hub for AI governance and deployment, not just research. For builders, investors, and enterprises, the event reflects how AI is being integrated into regulated environments, particularly in finance, public services, and infrastructure. For the wider MENA tech ecosystem, it signals a coordinated push toward scalable and responsible AI, supported by policy alignment and cross-border collaboration.

What to watch next

Follow-up partnerships, pilot projects, and enterprise deployments announced after the event.

How government-led AI frameworks discussed at the show translate into regulation and standards.

Developments ahead of the next Global AI Show scheduled in Riyadh in June 2026.

Disclosure: The content below is a press release provided by the company/PR representative. It is published for informational purposes.

Abu Dhabi, UAE – The Global AI Show Abu Dhabi 2025, which was held on December 8-9th, 2025, at the Space42 Arena in Abu Dhabi and organized by the VAP Group and powered by the Times of AI, has ended and continues to elevate Abu Dhabi’s reputation as a center for innovation, policy leadership, and corporate adoption of artificial intelligence.

The 2-day exhibition welcomed 5,000+ attendees, 100+ speakers from all around the world, and a powerful group of policymakers, enterprise leaders, technologists, investors, researchers, and start-ups. It cemented its position as a landmark event on the global AI calendar, aligning with the UAE’s AI Strategy 2031 and Abu Dhabi’s goal of making the UAE the leader in the Intelligent World.

As a forward-looking platform, the Global AI Show served as an example of how to create an environment for collaboration, constructive dialogue, and ultimately action connecting the newest technologies with large-scale, real-world applications across multiple sectors and government entities.

“We were very excited at BigBear.ai to be the title sponsor of the Global AI Show. It is a tremendous opportunity to engage with companies innovating in AI, as well as governments & commercial organizations actively adopting AI into their operations.” Said Kevin McAleenan, Chief Executive Officer, BigBear.ai

A Global Convergence of AI Leaders and Innovators

Attendees from all over the world, representing various government entities and business sectors, including enterprise, startup, research institution, venture capital, and technology provider, gathered together for the Global AI Show 2025: Abu Dhabi event. A vast array of attendee types demonstrated that AI has moved beyond being an experimental tool and now represents a major technology driving the next generation of digital economies and societal transformation.

“The way emerging developments across fintech, aviation, healthcare & other sectors were explained was impressive. The level of collaboration with government agencies in the UAE & globally made the event even more impactful. I truly enjoyed it.”  said Techmetron, UK

Participants on both the Vision stage and Impact stage had the opportunity to participate in multi-faceted discussions across the sectors mentioned above, but also included financial services (banking/credit), healthcare, the public sector (government), cybersecurity, smart cities, sustainable development, and supporting industries.

Visionary Thought Leadership and Actionable Insights

The agenda included keynote speeches, lively panels, informal discussions, startup pitch contests, and industry-relevant sessions, uniting visions of the future with actionable insights to assist with implementing new technologies. The agenda included practical examples and opportunities to discuss how companies deployed their products. 

Speakers addressed how industry-specific policies impacted Large Language Models (LLMs) and generative AI technologies currently being developed.

A number of primary themes were highlighted during the event, including

The role of government leadership as innovating enablers for AI and other technologies

Creating responsible artificial intelligence (AI), including issues of ethics and regulation

Best practices for implementing an enterprise-scale AI strategy within organizations

The potential impact of GenAI and LLMs on the future of work and human-AI collaboration

Impact of AI on health care, finance, cyber security and smart infrastructure

The role of data in enabling the scaling up of AI capabilities in the Cloud

Notable speakers included:

H.E. Eng. Amal Abdulrahim, Assistant Undersecretary for The Support Services Sector, Chief AI & Innovation Officer, UAE Ministry of Climate Change and Environment

H. E. Dr. Mohamed Al Kuwaiti, Head of Cyber Security, United Arab Emirates Government

Dr. Marwan Alzarouni, CEO – AI, Dubai Economy and Tourism

H.E. Renat Bekturov, Governor, Astana International Financial Centre (AIFC), Republic of Kazakhstan

Mohammad Almansoori, Chief AI Officer, Ministry of Foreign Affairs

Andy Tang, Partner, Draper Associates, Founding partner, Draper Dragon

H. E. Mubaraka Ibrahim, Chief AI Officer, Emirates Health Services

Joseph Bradley, CEO, JMB X & Ex-CEO, TONOMUS (NEOM subsidiary)

Sandeep Nailwal, Co-Founder & CEO, Polygon Foundation

Kevin McAleenan, Chief Executive Officer, BigBear.ai

Strong Government, Policy, and Institutional Engagement

A key strength of the Global AI Show Abu Dhabi was the extensive engagement with relevant government, regulatory, and institutional organizations that confirmed the need for developing responsible innovation and governance capabilities.

The event was supported by:

Supporting Partner: National Program for Artificial Intelligence (UAE)

Destination Partner: Abu Dhabi Convention & Exhibition Bureau

Strategic Partner: UAE Cyber Security Council

The spanning of these partnerships demonstrated the UAE’s commitment to the ethical, trustworthy, and value-centric path of AI development while supporting the economic success of the UAE.

Innovation Showcase and Startup Ecosystem Spotlight

The exhibition space featured numerous innovative solutions, including

Platforms for enterprise AI

Digital Health & Intelligent Medicine Solutions

Robots and Automation Solutions

Smart City/Infrastructure Solutions

Financial Technology (Fintech) and AI in Financial Services and Banking

Sustainable Innovation / Climate Innovation

Web3 and Decentralised AI Tools

The startup pitch and AI Ventures segments of the Global AI Show showcased new brands developing artificial intelligence, such as Ravan AI and Atelic AI, whereas, on the venture side, panels were held that highlighted some of the best minds working with investors, including Draper Associates, SteelSky Ventures, Shorooq, MFV Partners, Novo Capital, Atlas Ventures, and NYU Abu Dhabi.

High-Value Networking and Strategic Collaboration

True to its stated mission, the Global AI Show was committed to facilitating high-intensity, outcome-driven networking. Thousands of meetings were held in publicly accessible, customized networking zones, VIP meetings, and ecosystem roundtables, creating opportunities for partnerships, pilot project development, investment discussions, and cross-border collaboration.

“I spent a lot of time in Saudi Arabia & some time in Dubai, & it is encouraging to see the entire GCC coming together around Al. This being the third edition, the growth in participation & engagement is clearly visible.” Joseph Bradley, CEO, JMB X & Ex-CEO, TONOMUS (NEOM subsidiary)

Due to the level of senior decision-maker present, the audience made for a uniquely effective platform to allow for real business success beyond just this event.

Shaping the Responsible and Scalable AI Future

It is particularly noteworthy that the Global AI Show Abu Dhabi 2025 conveyed a clear message: AI is already affecting tomorrow’s world. However, success lies in responsible innovation, collaboration, and scaling of systems.

As noted, the Global AI Show brought together policymakers, large enterprises, academic researchers, startup companies, and investors around one common purpose of defining and developing the AI of the future. 

As a result of the Global AI Show Abu Dhabi 2025, momentum continues to build toward the next step in the journey with the Global AI Show Riyadh on 29-30 June 2026, coinciding with the goals of Saudi Vision 2030, the investment from Saudi Arabia into developing AI, and the largest digital transformation project in history.

About the Global AI Show

The Global AI Show serves as a premier international platform convening government leaders, policymakers, industry experts, and innovators to advance global collaboration in artificial intelligence.

Powered by VAP Group, the event reinforces the UAE’s position as a leading international hub for emerging technologies, digital transformation, and forward-looking governance.

About VAP Group

VAP Group is a leading AI, blockchain, and gaming consulting powerhouse, delivering advanced AI & Web3 solutions for 12+ years through flagship global events such as the Global AI Show, Global Games Show, and Global Blockchain Show. With a strong presence in the UAE, UK, India, and Hong Kong, our 170+ experts keep clients ahead of innovation through strategic PR, marketing, bounty campaigns, and premier global conferences. We also provide advertising, media, and staffing services.

Media inquiries: 

Global AI Show Media team

Media@globalaishow.com

This article was originally published as Global AI Show Abu Dhabi 2025 Sets the Agenda for the Future of AI on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Australian regulators secured a sweeping victory against BPS Financial Pty Ltd, ordering the company to pay 14 million AUD in penalties after a years-long probe into its Qoin Wallet promotion. The Federal Court ruling stems from ASIC accusations that BPS ran an unlicensed financial services business and issued misleading statements about its crypto-linked payment product, with activity spanning January 2020 to mid-2023. The regulator noted that the firm marketed the Qoin Wallet as a non-cash payment facility tied to its Qoin token while providing financial advice without an Australian Financial Services Licence. The outcome, disclosed in an ASIC release, reinforces the expectation that crypto-facilitated offerings operate under proper licensing and rigorous disclosures.

The penalty package broke down into 1.3 million AUD for unlicensed conduct and 8 million AUD for misleading and deceptive representations. In her judgment, Judge Downes described BPS’s actions as serious and unlawful misconduct, highlighting the involvement of senior management and the company’s insufficient compliance systems. Beyond the monetary sanction, the court imposed a decade-long operating ban on BPS from running a financial services business without a licence, and it ordered the firm to publish court-mandated notices on the Qoin Wallet app and website. The company was also ordered to shoulder most of ASIC’s legal costs. You can read the official release here: ASIC release.

ASIC’s proposed penalty for BPS Financial’s misleading conduct. Source: ASIC

In addition to the sanctions, the court ordered BPS to undertake a wide set of restrictions for the next ten years, effectively barring the company from operating a financial services business without a licence. The penalties also included a requirement to publicize the outcome on both the Qoin Wallet app and its website, ensuring that users are aware of the court’s findings about the product’s representations. ASIC was also granted a substantial portion of its legal costs, reinforcing regulators’ willingness to recoup enforcement expenses in high-profile cases involving crypto promotions.

The case traces back to a broader enforcement push by ASIC against firms promoting crypto-related products without proper licensing. In 2022, ASIC initiated civil penalty proceedings against BPS Financial over alleged misleading claims and unlicensed conduct tied to its Qoin token. Subsequent judgments in 2024, and an appeal upheld in 2025, reinforced that BPS had engaged in misleading and deceptive conduct by asserting regulatory approvals, easy exchangeability for fiat or other crypto-assets, and widespread merchant acceptance for Qoin Wallet. These findings framed the latest court decision as part of a continuing trajectory of tightened scrutiny over crypto promotions and licensing compliance.

Beyond the BPS case, ASIC has signaled a broader shift in how crypto assets should be distributed and managed. In December, the regulator finalized exemptions intended to simplify the distribution of stablecoins and wrapped tokens, reducing the need for intermediaries to hold separate Australian Financial Services licences. The change, described as enabling firms to operate with omnibus accounts under tighter record-keeping regimes, aims to lower compliance costs for players in the digital asset and payments space. The regulator’s outlook for 2026 highlighted several risk areas, including opaque private credit exposures, operational failures in superannuation, high-risk investment sales, and AI-driven consumer harm, all within a broader context of adapting oversight for digital assets and fintech.

Why it matters

The BPS case underscores a fundamental principle for crypto-related offerings: licensing and clear, accurate disclosures matter just as much as product innovation. For investors and users, the decision reinforces the notion that crypto-linked payment products may carry regulated protections, and that promoters must be transparent about licensing status, exchangeability, and merchant acceptance. The ruling also signals that regulators will not hesitate to impose sizeable penalties and long-term bans on entities that simplify or obscure the regulatory framework, particularly when complex or volatile assets are involved.

From a market perspective, the decision feeds into a broader regulatory narrative shaping the crypto ecosystem in Australia and beyond. With licensing exemptions for stablecoins and wrapped tokens now in play, firms can pursue more cost-effective pathways to offer digital-asset services, provided they comply with record-keeping and disclosure standards. At the same time, the enforcement actions against BPS illustrate that regulators are willing to intervene decisively where marketing communications blur the line between investment products and payment facilities. This dynamic may influence how exchanges, wallets, and payment processors structure product literature, risk disclosures, and licensing sponsorships as they expand their footprints in regulated markets.

For builders and operators in the Australian market, the case serves as a cautionary tale about governance and compliance architecture. Firms must ensure that senior leadership is aligned with licensing obligations, that advisory activities are properly licensed, and that representations about exchangeability and merchant acceptance are technically accurate and verifiable. In a space where volatility and complexity are inherent, clarity and regulatory alignment become competitive differentiators rather than mere compliance burdens.

What to watch next

Publicity notices on the Qoin Wallet app and website must run as ordered, signaling how regulators enforce post-judgment communications.

ASIC’s cost recovery implications will influence how firms budget for enforcement actions and potential future penalties.

The 10-year operating ban raises questions about BPS’s ability to restructure or re-enter the financial services arena under different branding or ownership.

The December stablecoin exemptions will likely affect onboarding strategies for firms seeking to deploy wrapped token or stablecoin-based services without triggering full licensing requirements.

Regulators’ 2026 outlook points to ongoing focus areas in digital assets, AI-related consumer risk, and fintech regulatory gaps, potentially shaping future policy and enforcement priorities.

Sources & verification

ASIC press release: 26-008MR – BPS Financial to pay 14 million AUD in penalties over crypto Qoin Wallet. https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-008mr-bps-financial-to-pay-14-million-in-penalties-over-crypto-qoin-wallet/?utm_source=miragenews&utm_medium=miragenews&utm_campaign=news

Judgment document: 26-008MR Australian Securities and Investments Commission v BPS Financial Pty Ltd (PDF). https://download.asic.gov.au/media/m3miycxe/26-008mr-australian-securities-and-investments-commission-v-bps-financial-pty-ltd-penalty-2026-fca-18.pdf

Civil penalty proceedings (2022) – ASIC’s enforcement action against BPS Financial over Qoin wallet claims. https://cointelegraph.com/news/asic-fires-industry-warning-shot-as-it-sues-bps-financial-over-crypto-promo

Earlier judgments (2024) and appeal (2025) – BPS Financial Qoin token deception case. https://cointelegraph.com/news/asic-bps-financial-qoin-token-deception-case

Key issues outlook 2026 – ASIC report on regulatory priorities and risk areas. https://asic.gov.au/about-asic/news-centre/news-items/key-issues-outlook-2026/

Rewritten Article Body

Regulatory verdict underscores licensing demands for crypto promos

In a decision that magnifies the regulatory glare on crypto promotions, the Federal Court ruled against BPS Financial Pty Ltd in a case centered on the Qoin Wallet. The court found that from early 2020 through mid-2023, the firm launched and promoted a crypto-linked payment product without the necessary Australian Financial Services Licence, a finding that forms the cornerstone of ASIC’s enforcement narrative. The ruling confirms that presenting a digital-asset-based payment facility as a viable non-cash alternative must be backed by formal licensing and compliant disclosures, especially when investment-adjacent risks loom large.

The financial penalties reflect a dual fault line: unlicensed activity and misleading representations. The court quantified penalties at 1.3 million AUD for unlicensed conduct and 8 million AUD for statements that misled or deceived potential users or investors about the Qoin Wallet’s status, exchangeability with fiat currencies, and merchant acceptance. The judgment paints a picture of a company that pushed forward a promotional narrative without the safeguards regulators expect for financial products—narratives that could have misled consumers about both risk and liquidity. The decision also obligates BPS to cover a substantial portion of ASIC’s legal costs, underscoring the seriousness with which the regulator treats cases of this kind and signaling a broader intention to deter similar conduct in the sector.

The court’s assessment labeled the misconduct as substantial and unlawful, noting the involvement of senior management and the company’s insufficient compliance program. This finding matters because it highlights a governance threshold: when leadership shapes or tolerates misleading communications about a product that sits at the intersection of payments and investment, the accountability framework tightens. The ten-year prohibition on operating a financial services business without a licence is a stark reminder that regulatory creep—especially in crypto-adjacent services—can outlast the lifecycle of a promotional campaign. The visual embodiment of this outcome, the accompanying regulatory notice, and the binding nature of the decision collectively illustrate how penalties extend beyond the monetary domain to reshape an entity’s future operations.

The Qoin Wallet case existed within a broader enforcement arc. ASIC’s civil penalty action in 2022 and subsequent judgments—handed down in 2024 and upheld on appeal in 2025—centered on misleading assurances about regulatory approvals, fiat-exchange mechanisms, and merchant uptake. The line of rulings constructs a precedent: crypto products marketed with claims of legitimacy or broad acceptance require explicit licensure and verifiable representations. In this sense, the BPS decision is not an isolated incident; it is a milestone in the Australian regulator’s ongoing effort to align crypto offerings with traditional financial-services norms, even as the market continues to evolve rapidly around tokens and digital wallets.

Beyond punitive measures, the decision interacts with a regulatory shift that could influence how crypto firms structure their distribution strategies. December’s exemptions, intended to streamline the distribution of stablecoins and wrapped tokens, reduce the friction of licensing while increasing the emphasis on robust record-keeping. For firms operating in Australia, the shift offers a pathway to bring innovative products to market with lower compliance friction, provided they remain transparent about licensing status and maintain rigorous disclosures. That balance—between enabling innovation and preserving investor protections—appears to be a central theme for the year ahead, as regulators articulate more precise boundaries for consumer-facing crypto products.

The decision also feeds into a wider industry narrative about risk management and consumer protection in digital assets. Regulators are increasingly wary of promotional narratives that blur lines between payment functionality and investment exposure, particularly in volatile markets where pricing can swing dramatically. For users, the outcome reinforces the importance of due diligence; for firms, it underscores the need to align product marketing with licensed activities and to communicate risk in straightforward terms. For market participants watching the space, the BPS case demonstrates that licensing regimes are not optional add-ons but integral components of product design and go-to-market strategy—especially when a product sits at the crossroads of payments and asset exposure.

As the regulatory environment evolves, market watchers will likely monitor how the ongoing licensing reforms interact with enforcement actions. The combination of penalties, long-term operating bans, and mandated publicity sets a precedent that could influence corporate governance, internal compliance audits, and external communications in the crypto payments segment. In Australia’s evolving landscape, operators must anticipate a future where licensing and disclosures are non-negotiable prerequisites for product launches, promotions, and user-facing communications, shaping both the speed and style of innovation in the sector.

This article was originally published as Court Orders $9.3M Penalty on BPS Financial for Qoin Product on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Ripple has partnered with Jeel Movement, the innovation arm of Riyad Bank, to explore the use of blockchain technology within Saudi Arabia’s financial system.

Key Takeaways

Ripple and Jeel Movement have partnered to co-develop blockchain-based cross-border payment tools.

The partnership focuses on cross-border payments, digital asset custody, and tokenization in support of Saudi Arabia’s Vision 2030 agenda.

This partnership marks a growing trend of blockchain adoption in the Middle East, with countries in the region adopting clear regulations on digital assets.

The partnership was announced on Monday, 26th, by Reece Merrick, Ripple’s senior executive officer and managing director for the Middle East and Africa. Merrick noted that the arrangement will take the form of a memorandum of understanding that focuses on cross-border payments, digital asset custody, and asset tokenization.

More big news from the Middle East! @Ripple is partnering with @Jeelmovement, the innovation arm of @RiyadBank, to advance Saudi Arabia’s financial future through blockchain innovation

The Kingdom’s visionary leadership has established Saudi Arabia as a forward-thinking… pic.twitter.com/KhQ7giluhE

— Reece Merrick (@reece_merrick) January 26, 2026

A Path Towards Saudi Arabia’s Vision 2030

This partnership fits directly into Saudi Arabia’s Vision 2030, an agenda that aims to modernize the country’s economy and financial system while reducing dependence on oil exports.

Jeel Movement operates as Riyad Bank’s technology and innovation unit that works with fintech firms and technology partners to develop, test, and seek licensing for new solutions. Given that Riyad Bank is one of the largest banks in Saudi Arabia, this partnership allows Ripple to test and develop blockchain tools for Saudi financial services.

The initial focus will be on how to make cross-border payments cheap and faster, as it has remained a core challenge for banks and corporate clients for a while. In addition, they may also extend the work to the tokenization of real-world assets.

Under the agreement, both sides will run technology trials inside Jeel’s regulatory sandbox. This way, financial institutions and technology providers can test new systems under regulatory oversight before broader market deployment.

Blockchain Gaining Adoption in the Middle East

This Jeel-Ripple partnership follows a growing pattern of blockchain adoption in the Middle East. Countries in this region have shown increased interest in blockchain technology for payments, trade finance, and digital asset services. For instance, regulators in Dubai and Abu Dhabi have introduced digital asset regulations that give companies a clearer path to operate within traditional financial markets.

Therefore, as this partnership project moves from testing to live systems, Saudi Arabia also moves a step closer to its Vision goals.

This article was originally published as Ripple Enters Saudi Arabia to Build New Financial Architecture on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Washington — A key Senate crypto bill faced procedural headwinds as Senator Roger Marshall reportedly backed away from pushing a controversial amendment on swipe-fee competition. The amendment, which would have forced card networks to compete on swipe fees, was filed last week but, according to Politico, Marshall privately agreed not to press it during the Agriculture Committee’s markup next week. The markup was originally slated for Thursday but was moved to Tuesday, Feb. 3, after a winter storm disrupted operations across much of the country. The legislation in question sets out how regulators will police the crypto sector, a central piece in the ongoing effort to craft a national framework that balances innovation with consumer protections.

The amendment’s fate—along with the broader bill—has become a focal point in a politically charged environment. Democratic Senators Dick Durbin and Peter Welch signaled support for the concept, while some Republicans warned that tying the issue to swipe-fee policy could pit the finance industry against large retailers. The White House has been involved in discussions surrounding the markup, raising the stakes for how far lawmakers can move the bill without triggering partisan backlash. Complicating matters, lawmakers are navigating the prospect of a partial government shutdown as Democrats indicated they would not back a funding package without concessions from Republicans. The timing matters: with midterm elections approaching, both parties are keen to demonstrate policy progress while avoiding ideological deadlock.

The debate over the amendment sits within a broader trajectory for the crypto market-structure bill, which is meant to define how regulators will oversee digital-asset markets. In parallel, practitioners and policymakers have been weighing ethics and conflicts-of-interest provisions, along with potential restrictions on stablecoins. The Agriculture Committee has been coordinating with the Senate Banking Committee to align language, reflecting a desire to secure bipartisan support while preserving core policy priorities. As the political calculus shifts with public polling showing Democrats leading in several contests, the path to passage hinges on securing enough cross-cutting votes to move the measure forward despite adversarial dynamics.

Underlying the procedural drama is a larger question about regulatory clarity for crypto participants, from developers building open-source software to exchanges and lenders navigating compliance obligations. The White House’s involvement underscores the administration’s interest in delivering a coherent framework, even if it requires compromises that temper some stricter provisions. The prospect of a government shutdown—an outcome that would further complicate regulatory timelines—adds urgency for lawmakers to demonstrate tangible progress, even as they weigh delicate trade-offs between risk, consumer protection, and industry growth. The broader political environment—encompassing midterm dynamics, public sentiment, and the evolving policy toolkit around digital assets—continues to shape how aggressively the bill moves through committee stages.

The markup, once anticipated as a straightforward step in a complex legislative process, is now a litmus test for how effectively policymakers can reconcile divergent viewpoints on crypto regulation. The evolving discussion touches on a spectrum of themes—from ethics and governance to the practicalities of enforcing rules on a fast-moving sector. As legislators deliberate, industry participants and observers watch for signals about where red lines will be drawn, what kind of guardrails will be imposed, and how aggressively regulators will police market conduct in the digital-asset space.

Why it matters

For users and investors, the progression of this bill signals the pace and direction of regulatory clarity for crypto markets. A framework that strikes a balance between innovation and oversight can reduce uncertainty for token projects, exchanges, and infrastructure providers, potentially influencing funding, hiring, and product development cycles. Conversely, a stalemate or protracted negotiations could prolong regulatory ambiguity, impacting liquidity and risk appetite in the short term.

For builders and entrepreneurs, the crypto bill’s treatment of ethics, conflicts of interest, and stablecoins will shape compliance requirements and product design. Clear guardrails may encourage responsible experimentation while deterring practices that regulators deem risky or opaque. In practical terms, developers of crypto software and financial services platforms will be watching how the final language translates into engineering controls, reporting obligations, and governance standards. The political dynamics—particularly the interplay between the White House, Democratic authors, and Republican skeptics—will determine how ambitious the final policy framework becomes and how quickly it can be implemented.

From a market-structure perspective, the episode illustrates the ongoing tug-of-war between advocates for rapid, innovation-friendly regulation and factions seeking stronger consumer protections or tighter financial controls. Even as Democrats push to advance a bill that codifies regulatory authority, the presence of partisan headwinds and external events, such as weather-related delays and potential funding gaps, can influence the tempo and outcome of negotiations. In this climate, stakeholders—including exchanges, wallet providers, and users who rely on transparent policy—will be attentive to signals about what a final framework might look like and how enforcement priorities will be set in the months ahead.

What to watch next

Whether the Feb. 3 markup proceeds as scheduled or faces further postponement due to procedural or weather-related issues.

Any new amendments proposed by either side and how the White House’s involvement shapes concessions or redlines.

Updates from the Banking Committee on its own markup timeline and how it aligns with Agriculture’s schedule.

Clarifications on ethics, conflicts-of-interest language, and stablecoin provisions as the bill moves through committees.

Public signals and statements from lawmakers following the markup, including any shifts in bipartisan support or opposition.

Sources & verification

Politico report on Marshall’s credit-card amendment and the private agreement not to press it during markup.

Cointelegraph update noting the delay of the Agriculture Committee markup due to a winter storm.

Analysis outlining what the Clarity Act aims to clarify in crypto markets.

Coverage of White House involvement in markup discussions and related governance questions.

Context on broader regulatory considerations, ethics provisions, and stablecoin restrictions tied to the crypto bill.

Market reaction and key details

Key figures and next steps

The Agriculture Committee’s markup process continues to be a focal point for policymakers navigating a complex regulatory landscape. While Marshall’s decision to pause the swipe-fee amendment reduces a potential flashpoint, the broader debate over how to regulate crypto markets remains unresolved. The White House’s push to advance the legislation—paired with ongoing discussions about budget and funding—adds a layer of urgency to reach a bipartisan agreement. Investors and industry participants will be watching closely for indications of how the final language will treat market conduct, governance requirements, and the role of stablecoins in the regulatory mix.

Rewritten Article Body: Senate crypto regulation and the politics of markup

In the capital’s quiet corridors, the push to codify a regulatory framework for digital assets is colliding with competing political incentives. The centerpiece remains a market-structure bill designed to set guardrails for who oversees crypto trading, how compliance is enforced, and what protections are in place for users. This week’s developments centered on a controversial amendment proposed by Senator Roger Marshall that would have forced networks to compete on swipe fees. While the amendment’s language was crafted to address consumer and merchant costs in the card-processing ecosystem, the political optics of linking financial services policy to retail competition raised scrutiny from several quarters.

According to multiple sources, including Politico, Marshall elected not to press the amendment during the upcoming markup after privately signaling his intention to drop the provision. That decision, while not final proof of a broader strategic retreat, has the potential to reduce a flashpoint that could complicate coalition-building on a bill that has both ardent supporters and wary opponents. The Agriculture Committee had planned to meet on Thursday, but weather-related disruptions prompted a postponement to Tuesday, Feb. 3. The shift underscores how procedural timing can influence the trajectory of a policy measure that seeks to harmonize innovation with oversight.

Beyond the swipe-fee debate, the bill’s fate is being weighed against other contentious topics, including ethics guidelines and conflicts-of-interest safeguards, as well as proposed restrictions on stablecoins. Democratic senators have signaled support for certain structural elements, while Republican colleagues have pressed for a more limited regulatory footprint to avoid stifling innovation and competitiveness in a fast-evolving space. The White House’s active involvement in the markup process indicates a preference for advancing a bill with clear guardrails, even if some provisions are negotiated down in the interest of bipartisan passage. The political context—rife with midterm pressures and electoral calculations—adds another dimension to how aggressively lawmakers move on crypto policy this cycle.

As discussions unfold, lawmakers are mindful of timing. A potential government shutdown would complicate regulatory enforcement if enacted legislation were to require implementation or funding decisions in a tight window. At the same time, market dynamics—ranging from liquidity to risk sentiment—are sensitive to policy signals that emerge from committees and leadership within both this chamber and the Senate’s broader apparatus. The interplay between the Agriculture and Banking committees continues to shape the final contours of regulatory oversight, with stakeholders across the industry watching for compatibility between the bill’s aims and practical considerations for compliance and innovation.

This article was originally published as Sen. Marshall Pushes to Cut Card Fees in Crypto Bill: Report on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Polymarket has sealed a multi-year agreement with Major League Soccer (MLS) to serve as the league’s exclusive prediction market partner for MLS and the Leagues Cup, the league’s marquee midseason competition. The collaboration aims to blend live data, statistics, and sentiment analytics into fan experiences, delivering second-screen engagement that goes beyond traditional viewing. The deal represents a significant step in the ongoing effort to merge sports entertainment with data-driven betting features, signaling a broader push to turn match moments into interactive, real-time narratives for fans.

Key takeaways

MLS and the Leagues Cup designate Polymarket as their exclusive prediction market partner for a multi-year period, integrating the platform into flagship league events.

The partnership focuses on new fan experiences, including second-screen engagement that weaves data, statistics, and sentiment into live matches and season-long storylines.

Safeguards are planned to protect match integrity, with independent monitoring of trading activities to prevent manipulation or misconduct.

The deal comes as soccer in the United States continues to gain momentum ahead of the 2026 FIFA World Cup set to be hosted across North America and Mexico.

Within the broader prediction-market ecosystem, the sector has seen rising volumes and regulatory activity, with notable developments around platforms such as Kalshi and Bitnomial in recent weeks.

Sentiment: Neutral

Market context: The MLS-Polymarket collaboration sits at the crossroads of live sports, data analytics, and regulated prediction markets. As soccer’s American footprint expands with events like the Leagues Cup and a forthcoming World Cup on the horizon, leagues are exploring data-rich fan experiences that can coexist with regulatory oversight and safeguards around betting markets.

Why it matters

The MLS-Polymarket deal underscores a broader trend in professional sports: the integration of prediction markets as a tool for fan engagement, sponsorship activation, and data-driven storytelling. By positioning Polymarket as the exclusive partner for MLS and Leagues Cup, the league is signaling that live events can be augmented with real-time sentiment and probability-based narratives without sacrificing the integrity of competition. For Polymarket, the partnership expands its footprint beyond apolitical markets and into a slate of high-profile league properties, aligning the platform with one of the sport’s most widely watched ecosystems in the United States.

From a consumer standpoint, the arrangement promises more interactive experiences during matches. Fans could see second-screen features that translate in-game events—such as goals, penalties, or pivotal moments—into probability shifts, consensus sentiment, and data-driven insights. The idea is to offer a more immersive way to track season-long arcs, player form, and tactical shifts, potentially turning matchdays into dynamic, narrative-driven experiences rather than discrete, isolated events.

Regulators, meanwhile, continue to weigh the expansion of prediction markets in the United States. The CFTC has signaled a willingness to enable certain market structures, as evidenced by recent no-action letters to select platforms. At the same time, several states have pursued litigation or regulatory actions related to sports-event contracts, highlighting the ongoing tension between innovation and licensing regimes. The MLS-Polymarket partnership is therefore not only a business development but also a test case for how leagues and operators can collaborate under a framework designed to preserve fairness and reduce risk.

Industry observers have noted that this moment is part of a wave of mainstream sports partnerships with data- and betting-related platforms. Earlier reporting has highlighted a broader surge in partnerships and distribution deals, with prediction-market operators exploring placements in content, search results, and other fan-facing channels. The combination of a front-office endorsement from a major league and a trusted platform in the prediction-space may help normalize these tools for a broader audience, while still requiring robust controls to ensure compliance and integrity.

Beyond soccer, the landscape for prediction markets has seen notable activity around platform volumes and regulatory signals. For example, Kalshi recently posted a record weekly volume, underscoring persistent interest in event-based contracts, even as states challenge or restrict certain kinds of wagering. Meanwhile, Bitnomial has received a no-action letter from the CFTC, indicating an avenue for crypto-derivative exchanges to operate event contracts under certain conditions. These developments, viewed in aggregate, illustrate both the opportunity and the risk embedded in expanding prediction markets within major sporting ecosystems.

The deal also coincides with a period when MLS and the Leagues Cup are leveraging data-driven approaches to deepen fan participation. As the World Cup in North America and Mexico approaches, leagues are keen to showcase how technology and data can enhance viewer engagement without compromising the integrity of the competition. The collaboration with Polymarket is a concrete example of how sports properties are experimenting with new formats that blend entertainment, statistics, and real-time probabilities into the fan experience.

What to watch next

How MLS and Leagues Cup implement second-screen features during matches and tournament play, including the types of data dashboards and sentiment analytics that will be visible to fans.

The evolution of Polymarket’s participation in MLS assets—whether the platform expands to additional MLS events, teams, or ancillary content beyond the Leagues Cup.

Regulatory developments around prediction markets in key U.S. states, and how independent monitoring will be structured to safeguard competition integrity.

The trajectory of World Cup-related fan engagement initiatives as 2026 approaches and more leagues explore data-driven experiences tied to global tournaments.

Sources & verification

MLS press release announcing the multi-year partnership with Polymarket: https://www.mlssoccer.com/news/mls-enters-multi-year-partnership-with-polymarket

Cointelegraph coverage of Polymarket’s ecosystem and partners, including Chainlink integrations and prediction-market dynamics: https://cointelegraph.com/news/polymarket-chainlink-partner-prediction-market-resolution-accuracy

Token Terminal data on Kalshi’s weekly volume performance: https://tokenterminal.com/explorer/projects/kalshi?interval=365d

CFTC no-action letter to Bitnomial enabling event contracts: https://cointelegraph.com/news/cftc-issues-no-action-letter-to-bitnomial-clearing-way-for-event-contracts

What the deal signals for the market

The MLS-Polymarket agreement adds a high-visibility case study to a growing roster of sports-business collaborations aimed at monetizing data and fan participation. For MLS, the arrangement could translate into new sponsorship opportunities, richer broadcast experiences, and the ability to capture audience sentiment metrics across leagues—assets that can be packaged for advertisers and partners. For Polymarket, aligning with a premier American sport property offers a path to broaden use cases, integrate with official content, and demonstrate use cases for predictive insights within live sports contexts.

From a market perspective, the tension between innovation and regulation remains central. While no-action letters and court actions illustrate a path for some platforms to operate, states have challenged certain sports-event contracts as unlicensed gambling. The balance between expanding consumer choice and maintaining consumer protections will continue to shape how these partnerships evolve, including the role of independent monitoring and governance to preserve integrity around prediction markets tied to major league events.

Looking ahead, investors, fans, and builders will watch how the collaboration translates into tangible fan experiences, measurable engagement, and broader adoption across sports leagues. If the model proves compelling—combining real-time data, sentiment, and interactive content with a trusted betting-context—it could catalyze further cross-sport collaborations and contribute to a more data-rich, interactive ecosystem around live sports.

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This article was originally published as Polymarket Teams Up With Major US Soccer League on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

A $2.24 billion drop in total stablecoin market capitalization over the last 10 days could signal capital is leaving the crypto ecosystem and may delay market recovery, according to a crypto analytics platform. In a post to X on Monday, Santiment said that much of that capital has rotated into traditional safe havens like gold and silver, pushing them to new highs, while Bitcoin (CRYPTO: BTC), the broader crypto market and stablecoins have retraced. Investors are watching whether the slow drain in stablecoins foreshadows a broader risk-off cycle or merely a temporary pause before a refreshed crypto bid.

“A falling stablecoin market cap shows that many investors are cashing out to fiat instead of preparing to buy dips,” Santiment observed, underscoring a shift in market psychology where safety assets gain ground even as digital-asset markets wobble. The emphasis on safety mirrors a broader macro dynamic: as uncertainty rises, money often flows into stores of value rather than into more volatile markets. That sentiment is echoed by several on-chain and macro indicators, suggesting investors are prioritizing liquidity and capital preservation in the near term.

“When uncertainty rises, money often flows into assets that are seen as stores of value during economic stress, rather than volatile markets like crypto.”

Gold, silver outpacing Bitcoin in recent months

Bitcoin first surged through 2025, but October marked a turning point. A dramatic unwind of leveraged positions around Oct. 10 sent Bitcoin from roughly $121,500 to under $103,000 in a single session, a move that underscored how quickly liquidity can evaporate during stress. Since then, the doctrine of risk-off remained intact as prices cooled. Meanwhile, gold and silver have extended a rally that some observers describe as a hedge against dollar weakness and ongoing macro friction. Gold has risen more than 20% in the period and breached notable psychological levels, signaling that traditional safe-haven assets are drawing renewed attention from investors evaluating macro risk. Silver has more than doubled in market value on some measures, reinforcing the case that precious metals are benefiting from a flight to quality in a climate of uncertainty.

Among crypto-related liquidity moves, stablecoins drew particular scrutiny. Tether, one of the dominant issuers in the space, has aligned with a broader push into gold-backed instruments. In a striking development, Tether Gold accounts for more than half of the entire gold-backed stablecoin market, with XAUt reportedly surpassing $4 billion in value as of late 2025. That dynamic reflects a broader appetite for collateral-backed tokens and a potential structural shift in how crypto liquidity is being anchored in real-world assets.

By contrast, the crypto ecosystem’s on-chain leverage landscape remains fragile. The same market environment that contributed to the October liquidity shock at the start of the fourth quarter has also shaped a tougher backdrop for smaller, riskier coins. A number of altcoins have felt the full force of reduced stablecoin supply and risk-off capital, while Bitcoin’s relative resilience—compared with some smaller peers—has tended to be fragile in the face of tightening liquidity and higher volatility in correlated markets.

Several Cointelegraph reports threaded into the discussion, highlighting how gold’s digital rally mirrors rising stress on the U.S. dollar and how macro reactions to stress unfold across markets. The broader narrative connects crypto volatility with macro-market dynamics, including shifts in demand for safe havens and the interplay between traditional assets and digital liquidity.

Rising stablecoin supply could signal market rebound

Santiment suggested that the crypto market’s recovery may hinge on stablecoin growth. Historically, robust crypto recoveries tend to align with stabilizing or expanding stablecoin market caps, signaling fresh capital entering the ecosystem and renewed investor confidence. The implication is that without a revival in stablecoin supply, upside remains constrained even as some segments of the market stabilize.

“Historically, strong crypto recoveries tend to start when stablecoin market caps stop falling and begin to rise again. That would signal fresh capital entering the ecosystem and renewed confidence from investors.”

As a result, the near-term trajectory for Bitcoin and the broader sector remains contingent on both macro flows and on-chain signals. A number of market participants are watching whether the recent shifts represent a temporary reallocation or a longer-term risk-off regime that could persist into 2026. For now, the data points to a cautious stance among many traders who are prioritizing liquidity and capital preservation over chasing leveraged bets in a market environment still marked by volatility and regulatory watchfulness.

In the meantime, the Crypto market’s risk profile continues to evolve. While Bitcoin has shown episodes of strength within the year, the combination of a weakening stablecoin base and a flight toward gold and other real-world assets suggests a more nuanced recovery path—one that may require a period of consolidation before a fresh wave of demand returns to macro-risk assets and selective altcoins alike.

Why it matters

The intersection of stablecoin dynamics and traditional safe havens matters because stablecoins act as the primary liquidity layer for crypto markets. When their market cap contracts, trading volumes can dry up, bid-ask spreads widen, and price discovery becomes more brittle. The current signal—that investors are reallocating to fiat and precious metals—could translate into slower correlations-driven rebounds in the near term, even as some segments of the market begin to show signs of bottoming.

From an investor standpoint, the shift underscores the importance of liquidity planning, risk management, and the role of real-world asset collateral in crypto tooling. If the stablecoin base begins to re-accumulate, it could unlock fresh cycles of buying demand, especially for more established assets like Bitcoin that often behave comparatively better in distress. For builders and traders, the message is to maintain vigilance around on-chain risk metrics, funding rates, and cross-asset flows that may herald the next leg of activity.

Regulators and market infrastructure players are also watching the liquidity backdrop closely. As stablecoins increasingly anchor more complex products and wallets, a renewal in stablecoin supply could enable more dynamic trading strategies and product innovations that rely on smoother liquidity flows. Yet that potential is contingent on macro conditions, on-chain risk controls, and the ability of institutions to access reliable, compliant rails for settlement and risk management.

What to watch next

Stablecoin market caps stop contracting and begin to rise, signaling renewed on-chain liquidity.

Bitcoin price stabilizes above key support levels while hedging assets continue to attract risk-off capital.

Gold and silver maintain their rally trajectory, with the dollar’s strength remaining a variable in the trend.

Tether Gold and other gold-backed tokens publish updated flows or new collateral arrangements that could shift demand within the stablecoin ecosystem.

Sources & verification

Santiment’s X post detailing a $2.24 billion drop in stablecoin market cap over 10 days (tweet status 2015845556103381416).

Cointelegraph reporting on gold’s rally and dollar stress, including references to gold breaking key levels and the broader macro backdrop.

Tether Gold’s reported share of the gold-backed stablecoin market, including the figure of 27 metric tons and a value near $4.4 billion in Q4 2025.

Historical reference to Bitcoin’s price action around the Oct. 10 period and subsequent retracements as discussed in related market coverage.

Market reaction and key details

Market participants are digesting the latest signals as the crypto ecosystem navigates a delicate balance between liquidity, risk appetite, and real-world asset collateral. The ongoing dialogue around stablecoins—core to on-chain liquidity—takes on added significance as investors weigh whether a revived stablecoin base could unlock fresh demand across digital assets. Investors should monitor whether the narrative shifts from flight to safety toward renewed risk-taking as macro conditions evolve, including central-bank policy signals and regulatory developments that could influence stablecoin flows and crypto leverage.

In sum, the near-term trajectory remains tethered to how quickly stablecoin supply recovers and how gold’s and silver’s strength interacts with crypto price action. While Bitcoin remains a focal point, the broader market’s fate could hinge on whether liquidity returns through stablecoins or remains anchored in real-world assets, effectively shaping the next phase of the crypto cycle.

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This article was originally published as Stablecoins Fall as BTC, Crypto Lose Capital to Gold on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin market dynamics are unfolding against a backdrop of heightened macro uncertainty, with seasoned traders deploying risk controls even as traditional assets rally. The week ahead features a busy slate of earnings for global tech giants and a closely watched monetary policy decision from the U.S. Federal Reserve. While gold climbs to fresh record highs, Bitcoin appears to be ceding ground to safety plays, signaling a nuanced balance between digital-asset caution and macro-driven risk sentiment.

Key takeaways

Professional traders are prioritizing downside protection, signaling a cautious risk-off stance rather than a durable tilt toward fresh bullish bets.

Gold hit record highs, underscoring a shift toward traditional safe havens as concerns about the U.S. economic backdrop intensify.

Bitcoin (CRYPTO: BTC) fluctuated, rising about 1.5% after a retest of the $86,000 level as markets await the potential impact of a U.S. government shutdown and key policy decisions.

The annualized BTC futures premium stood at roughly 5%—a level that signals investors are not adequately pricing in longer settlement horizons, hinting at a neutral-to-bearish backdrop.

Derivatives signals, including a 30-day options delta skew around 12%, point to a preference for downside protection, with put options trading at a premium relative to calls.

Tickers mentioned: $BTC

Sentiment: Bearish

Price impact: Positive. Bitcoin rose about 1.5% after testing the $86,000 level, even as risk-off conditions persisted.

Market context: The broader crypto backdrop remains tethered to macro catalysts, including liquidity conditions, inflation expectations, and policy signals. As equities flirt with mixed leadership—S&P 500 trading higher on some sessions while gold erupts to new highs—the path for Bitcoin hinges on whether risk appetite returns or if investors gravitate toward havens amid growing uncertainty.

Why it matters

For investors navigating a bifurcated market, the divergence between gold and BTC underscores a crucial reality: macro drivers still dominate asset allocation, even for risk-on assets like cryptocurrency. Gold’s ascent to all-time price levels signals persistent demand for alternative stores of value as concerns rise about the durability of the U.S. expansion and the trajectory of inflation. In turn, Bitcoin’s bid remains fragile, with traders showing reluctance to chase gains in the absence of clear upper-tier conviction from professional players.

The data from derivatives markets offer a concrete lens into those dynamics. A 5% annualized futures premium for BTC suggests that longer settlement cycles are not being aggressively priced as a bullish signal. Historically, a figure above 10% would accompany stronger bullish momentum; sub-10% levels often align with a more cautious stance. The current reading aligns with a neutral-to-bearish mood, reflecting a market waiting for a clearer catalyst to tilt sentiment decisively.

On the options front, a delta skew of about 12% on 30-day BTC options implies that put protection carries a premium, demonstrating a robust demand for downside risk hedging. Such a posture tends to be consistent with market participants guarding against sharp pullbacks rather than seeking leveraged upside. This is particularly relevant as traders weigh the potential impact of a stalled policy environment, while global equities show mixed strength and inflation fears persist in multiple economies.

Bitcoin 30-day options delta skew (put-call) at Deribit. Source: laevitas.ch

The macro narrative remains pivotal. The U.S. dollar’s strength has softened at times but has not collapsed, and the dollar-gold dynamic continues to reflect a broader sense of competing priorities: safety versus growth, inflation expectations, and the risk of policy missteps. The Dollar Strength Index slipped below 97 for the first time in four months, signaling a shift away from a fortress-style dollar bid while investors rotated into other currencies and safe-haven assets.

In this environment, the narrative around the Fed and fiscal policy looms large. As markets anticipate a potential U.S. federal government standoff, traders price in the risk that policy signals may tilt more toward flexibility rather than austerity. At the same time, the bond market has seen yields evolve under a complex matrix of expectations. Five-year U.S. Treasury yields have surpassed their European and Japanese counterparts, currently hovering around 3.8%, which adds another layer of considerations for risk assets and hedging strategies. The coming weeks will be telling as the Fed’s policy stance and possible fiscal policy accommodations interact with global monetary shifts.

Beyond macro, earnings season adds another layer of complexity. If major tech companies post upside surprises, some investors might rethink their risk allocations; if not, the case for conservatism and hedging could strengthen. In either scenario, Bitcoin’s trajectory will likely depend on whether traders regain confidence and whether liquidity conditions improve to support risk-taking. While the case for a quick return to the $93,000 level remains, the market appears more inclined to consolidate, with upside contingent on a clear reacceleration in institutional interest rather than speculative buying alone.

As policy uncertainty looms, the market narrative continues to hinge on a delicate balance between digital-asset risk and traditional safe-haven demand. The immediate path for Bitcoin seems to be tethered to broader risk sentiment rather than a standalone catalysts-driven rally. In short, a recovery in risk appetite, aided by clearer macro signals and stronger earnings momentum, could encourage a re-testing of higher levels. Until then, the kind of caution reflected in hedging activity—evident in futures and options markets—will likely color price action in the near term.

What to watch next

The Federal Reserve’s monetary policy decision on Wednesday and any accompanying guidance on inflation and balance sheet dynamics.

Upcoming earnings reports from major tech companies, which could influence risk appetite across equities and crypto markets.

The potential timing and impact of a U.S. government shutdown, with implications for liquidity and macro risk sentiment if unresolved by Saturday.

BTC price action around the key levels referenced in recent sessions, including the $86,000 support and the $93,000 resistance zone.

Sources & verification

Bitcoin price context and retest of the $86,000 level (BTC price reference via Cointelegraph’s Bitcoin price page).

Gold reaches all-time highs as a backdrop to risk-off behavior (article linking to gold divergence narrative).

US fiscal standoff and Polymarket odds affecting macro risk perception.

Rescue of the yen and related macro risk signals.

US Dollar Strength Index (DXY) and gold/USD dynamics via TradingView visuals.

BTC futures basis and delta skew data sourced from Laevitas charts.

Market dynamics in a risk-off phase amid macro catalysts

In a market where traditional hedges are commanding renewed attention, Bitcoin remains under pressure as traders price in uncertainty around fiscal policy, global liquidity, and the timing of central-bank normalization. The first major thread driving observations is the persistent footprint of risk-off behavior: even as Bitcoin tries to catch a bid, the broader momentum is tempered by hedging needs and caution about the durability of any upside surge.

From a price-action standpoint, Bitcoin’s brief advance after the weekend retest of the $86,000 barrier signals a test of resilience rather than a breakout. The level is notable because it marks a psychological pivot in the recent price range, and a sustained move above it would require a significant shift in institutional participation. The counterpoint remains robust hedging activity, reflected in the 5% futures premium and the elevated put-call skew. Together, these signals illustrate a market that is wary of a near-term correction, even as some participants continue to seek tactically weighted exposure to the asset class.

The gold rally offers a complementary perspective: capital appears to be migrating toward hard assets as a hedge against inflation and potential policy shifts. The divergence between gold’s ascent and Bitcoin’s comparatively tepid price action underscores the current preference for tangible stores of value over digital risk assets in periods of macro ambiguity. The dynamics are not simply about one asset outperforming another; they reflect a broader risk-off posture that could persist until a clearer macro script emerges from policy-makers and corporate earnings disclosures.

On the data side, the indicators invite a cautious interpretation. The delta skew near 12% on BTC options demonstrates demand for downside protection, while a 5% futures basis signals that the market is not pricing in a rapid reacceleration in prices. This combination implies that, for now, professional traders are more focused on risk mitigation than on capitalizing on a durable upside, even as the S&P 500 experiences pockets of strength and the dollar flexes in response to evolving expectations for inflation and policy stance. The market’s sensitivity to macro news remains high, and a decisive change in sentiment will likely hinge on a combination of stronger-than-expected earnings, a clear policy signal from the Fed, and a resolution to the fiscal policy impasse.

In summary, Bitcoin’s current trajectory is part of a larger mosaic in which safe-haven demand, macro uncertainty, and institutional risk management dominate near-term pricing dynamics. The critical question for observers and participants is whether the coming rounds of data and policy guidance can restore confidence among traders who have grown cautious about chasing gains in an environment where macro risks continue to predominate. For now, the market appears to be testing patience, awaiting a catalyst capable of shifting the balance from hedging and caution toward a sustainable move higher.

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This article was originally published as Bitcoin Traders Pause as US Shutdown, Fed Policy Shift Sparks Fear on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitmine Immersion Technologies is accelerating its exposure to Ethereum (CRYPTO: ETH) by converting a growing share of its Ether holdings into on-chain stake. In the latest disclosures, the company reported a weekly addition of 40,302 ETH, lifting its total ETH holdings to roughly 4,243,338 ETH, and increasing its staked ETH balance by 171,264 ETH to 2,009,267 ETH. Based on a 2.81% Composite Ethereum Staking Rate (CESR) cited by the firm, that stake could generate about $164 million in annualized revenue at the current ETH price. The numbers underscore a broader push among large treasuries to monetize idle crypto assets through staking within the Ethereum ecosystem.

Key takeaways

Bitmine’s Ether treasury stands at approximately 4.24 million ETH after adding 40,302 ETH in the last week, with 2.01 million ETH staked, highlighting a substantial on-chain yield engine for the company.

The staking tranche, using CESR as a baseline, implies around $164 million in annualized revenue at prevailing prices, illustrating the scale of potential returns from a sizeable stake.

Management notes that if all Ether were staked, annual revenue could approach $374 million, or more than $1 million per day, under the same benchmark assumptions.

Bitmine plans to launch a US-based validator infrastructure in 2026 to internalize staking operations, signaling a shift from externally managed to in-house validation.

Beyond Ether, Bitmine’s balance sheet includes $682 million in cash and 193 Bitcoin, contributing to a total crypto and cash position of about $12.8 billion.

Tickers mentioned: $ETH, $BTC

Market context: The move to expand staking aligns with a broader industry pattern where large Ether treasuries seek steady yield streams from on-chain activities. As demand for staking remains robust, more treasury holders are weighing internalization of validator operations against outsourcing arrangements, a trend reinforced by public disclosures from major players in the sector.

Why it matters

The growing focus on Ethereum staking by corporate treasuries reflects a maturation of crypto balance sheets. For Bitmine, the ability to convert a larger portion of its Ether holdings into validated on-chain activity with predictable rewards could materially alter its revenue profile and financial visibility. The firm’s stated plan to internalize staking operations through a US-based validator infrastructure in 2026 is a notable strategic shift that could reduce external counterparty risk, improve governance control, and capture additional staking economics over time.

From a market perspective, the trend underscores a broader shift in crypto asset management: treasuries are treating digital assets as cash-flow generators rather than mere speculative holdings. The simultaneous growth in ETH exposure and the diversification into cash and BTC positions suggest a holistic approach to liquidity management and risk allocation that mirrors conventional corporate treasury practices, albeit in a highly volatile asset class.

The ETH holdings remain a central piece of Bitmine’s portfolio. The company disclosed that its Ether position now accounts for about 3.52% of circulating supply—based on an estimate of roughly 120.7 million ETH outstanding—and reiterated a long-term aim to reach or exceed a 5% stake in the total ETH supply. The consolidation of such a large stake amplifies the potential influence Bitmine could wield across ecosystem dynamics, including validator participation, network security, and governance signals, though such influence comes with heightened regulatory and operational considerations.

In addition to Ether, Bitmine reported a diversified crypto and cash trove totaling $12.8 billion, anchored by $682 million in cash and a notable holding of 193 Bitcoin (CRYPTO: BTC). The inclusion of BTC alongside a robust ETH stake illustrates a broad, multi-asset treasury strategy that seeks to balance yield-generating deployments with liquidity and hedging considerations in a volatile market environment.

Source: SharpLink

Staking, the act of locking tokens to support network security in exchange for rewards, has become a central strategy for Ether-focused treasuries. The trend is underscored by industry data showing rising validator queue demand and increasing participation by large holders in active staking programs. As the infrastructure for staking matures, the economics of treasury-driven staking are likely to attract continued scrutiny from investors and regulators alike.

Top 10 Ether treasury companies. Source: CoinGecko

Other prominent players have echoed similar strategies. For instance, SharpLink Gaming disclosed that it generated 10,657 ETH in staking rewards over the past seven months, reflecting about $33 million in yield according to its dashboard data. That figure places SharpLink among the larger Ether treasuries, reinforcing the argument that staking is becoming a mainstream revenue driver for well-capitalized crypto companies. The company currently sits behind Bitmine as one of the larger Ether treasuries, underscoring the ongoing race to scale on-chain revenue.

As Ethereum’s validator ecosystem tightens and more capital seeks yield, the appetite for staking among treasuries is likely to remain a meaningful driver of on-chain activity and liquidity. While the CESR provides a useful yardstick for estimating earnings, the actual realized revenue will hinge on ETH price movements, validator performance, and the pace of network upgrades that affect staking efficiency and rewards. In that light, Bitmine’s 2026 internalization plan could serve as a blueprint for other large holders aiming to optimize staking economics while maintaining robust risk controls and governance oversight.

What to watch next

Progress of Bitmine’s US-based validator infrastructure development and any interim partnerships or pilot deployments ahead of the 2026 launch.

Updates to the CESR benchmark accuracy and how market price changes influence reported staking revenue.

Any shifts in Bitmine’s ETH share toward the 5% target, and how that impacts liquidity and risk management.

Regulatory developments affecting staking, treasury management, and corporate disclosures for large crypto holders.

Sources & verification

Official Bitmine press release via PR Newswire announcing ETH holdings reach 4.243 million and total crypto/cash holdings of about $12.8 billion.

SharpLink Gaming dashboard data showing 10,657 ETH earned in staking rewards over seven months and the company’s ETH treasury size.

CoinGecko treasury data documenting top Ether treasury companies and the 3.52% circulating supply share referenced for Bitmine.

Cointelegraph coverage of Ethereum’s validator exit queue dynamics and related staking demand data.

Announcement from Ether Machine regarding plans for a yield-focused Ether vehicle for institutional investors and its ETH holdings.]

Bitmine ramps up Ethereum staking as revenue engine

Bitmine Immersion Technologies is accelerating its exposure to Ethereum (CRYPTO: ETH) by converting a growing share of its Ether holdings into on-chain stake. In the latest disclosures, the company reported a weekly addition of 40,302 ETH, lifting its total ETH holdings to roughly 4,243,338 ETH, and increasing its staked ETH balance by 171,264 ETH to 2,009,267 ETH. Based on a 2.81% CESR cited by the firm, that stake could generate about $164 million in annualized revenue at the current ETH price. The numbers reflect a broader push among large treasuries to monetize idle crypto assets through staking within the Ethereum ecosystem.

The company’s chairman highlighted that if all Ether were staked, annual revenue could approach $374 million under the same benchmark, translating to more than $1 million per day. This projection underscores the earnings potential of scaled staking operations, even as actual returns depend on price levels and validator performance. Bitmine’s strategy centers on expanding staking capacity and gradually internalizing operations to capture greater staking economics and governance control.

The plan to launch a US-based validator infrastructure in 2026 signals a shift from reliance on external staking partners toward in-house execution. By bringing validator ops in-house, Bitmine aims to optimize uptime, security, and compliance while potentially improving margins through direct access to staking rewards and related incentives. The company has stated it is working with multiple staking providers during the transition period, maintaining a diversified approach as it contemplates full internalization.

Alongside its ETH holdings, Bitmine reports a broader balance sheet comprising $682 million in cash, 193 Bitcoin (CRYPTO: BTC), and minority equity investments, amounting to a total crypto and cash position of $12.8 billion. The ETH stake itself represents about 3.52% of the token’s circulating supply, based on an estimated 120.7 million ETH outstanding. The company’s longer-term ambition is to reach roughly a 5% share of the total ETH supply, a target that would equate to a substantial uptick in staking revenue and on-chain participation should market conditions remain favorable.

Staking has emerged as a core strategy for Ether treasuries, with companies like SharpLink Gaming illustrating the scale at which such yields are becoming material to corporate finance plays. The visible demand in Ethereum’s validator queue, along with the growing size of treasury-driven staking programs, underscores a broader trend toward productive use of crypto reserves. As Bitmine and peers pursue further expansion, the landscape for Ether staking is likely to attract continued investor attention and scrutiny from regulators seeking to understand how treasury-driven staking impacts market dynamics and governance.

This article was originally published as Bitmine Adds 40,302 ETH as Staking Balance Surges to $5.7B on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

The market for tokenized gold is expanding in step with rising demand for physical bullion, highlighting a broader shift toward traditional safe-haven assets as geopolitical tensions and trade uncertainty push investors away from the US dollar. On Monday, Tether disclosed that its Tether Gold, XAUt, now represents more than half of the entire gold-backed stablecoin market, with a total value topping $2.2 billion. End-of-year data show 520,089 XAUt tokens in circulation, each backed one-for-one by physical gold held in reserve. The development underscores a growing appetite for crypto-native wrappers that offer liquidity while anchoring themselves to tangible assets.

Key takeaways

XAUt dominates the gold-backed stablecoin space, making up more than 50% of the market and surpassing $2.2 billion in aggregate value, with 520,089 tokens circulating at the end of Q4.

Gold’s rally intensified as Comex reached new price levels, with the precious metal eclipsing $5,000 per troy ounce for the first time in a rally that year, underscoring demand for bullion as a hedge against currency risk.

Central banks stepped up bullion purchases in 2025, adding a net 220 tonnes in Q3, a sign of diversification away from dollar-denominated reserves toward stores of value outside the traditional financial system.

The US Dollar Index has been in a downtrend, shedding about 9.4% in 2025 and sliding to fresh lows in early 2026, a backdrop that supports safe-haven assets, including tokenized gold wrappers.

Bitcoin (BTC) has yet to supplant gold as a hedge against debasement; analysts suggest gold remains the preferred safe haven for long-term investors, even as crypto narratives around digital gold grow.

Tickers mentioned: $BTC, $XAUt

Market context: The confluence of dollar weakness, rising bullion demand and the expansion of tokenized assets is shaping liquidity flows and risk sentiment across crypto markets, with investors weighing non-dollar stores of value as macro uncertainty persists.

Why it matters

The rapid expansion of tokenized gold underscores a pragmatic use case for crypto-native assets: liquidity and transferability combined with a tangible reserve. XAUt’s outsized position within the gold-backed stablecoin market signals increasing investor trust in custodied physical gold as the backing asset for digital tokens. This is particularly salient as investors seek to diversify away from the dollar while maintaining on-chain exposure that can be more easily traded across borders and custodial environments than vault-held bullion alone.

From a macro vantage point, the dollar’s weakness has been a persistent theme. The US Dollar Index (DXY) has faced a multi-year dismantling in some cycles, with central banks worldwide continuing to accumulate gold as a hedge against currency risk. World Gold Council data show a robust third-quarter surge in central-bank purchases, a 220-tonne net acquirement, illustrating how reserve managers are balancing safety with yield in an uncertain environment. That shift dovetails with the tokenized-gold narrative: as physical gold flows into official reserves, retail and institutional participants are turning to digital wrappers to gain efficient exposure to bullion without the frictions of custody and cross-border logistics.

Bitcoin’s role in this environment remains a debated matter. While proponents have long argued that BTC can serve as a digital hedge against debasement, its actual flow under real-world risk conditions has been uneven. An industry analysis contends that Bitcoin has fallen short of delivering on its promise as a debasement hedge, leaving gold as the more reliable long-run store of value for many investors. The diverging paths of BTC and XAUt reveal a nuanced landscape where digital and physical hedges coexist, each appealing to different risk appetites and governance preferences.

The US Dollar Index falls below 97.00. Source: Bloomberg

The dollar story is intertwined with gold momentum. After a year in which the DXY slid more than 9% and extended losses into the new year, several analysts suggest that the breakdown of a long-term support trend line may be followed by a period of broader devaluation against other fiat currencies. In this frame, tokenized gold products like XAUt offer a way to monetize bullion exposure with on-chain settlement, while still anchoring value in a widely recognized physical asset. The narrative is not purely about crypto; it is about diversifying reserve exposure in a global economy where currency stability has become fragile in the eyes of many institutions.

Source: Otavio Costa

In terms of investor behavior, the question remains whether the market will see continued inflows into tokenized gold vehicles as central banks’ appetite for bullion remains elevated. If the dollar continues to weaken and safe-haven demand persists, tokenized gold could gain additional traction as a bridge between traditional assets and on-chain liquidity. Yet the broader crypto market must still contend with the volatility that has characterized digital assets in recent cycles, as well as evolving regulatory narratives that could influence how tokenized commodities are treated from a compliance and taxation standpoint.

As the debate over debasement and inflation persists, market participants will be watching how the XAUt vessel evolves—whether it maintains its dominant market share, expands its reserve backing, or faces new competition from other tokenized gold issuances. The underlying dynamics are not just about a single stablecoin or a single asset class; they reflect a broader search for resilient stores of value in an increasingly interconnected and sometimes unsettled financial landscape.

What to watch next

Updates on XAUt token circulation and the gold reserves backing it, particularly any quarterly disclosures from Tether.

Central-bank gold demand trends in late-2025 and early-2026, and whether the 220-tonne third-quarter figure is part of a sustained shift.

Changes in gold prices and the Comex market floor, including any sustained breaches of key resistance levels for bullion traders.

Regulatory developments regarding stablecoins and tokenized commodities, including potential ETF-related dynamics that could influence investor flows.

Sources & verification

Tether’s disclosure on XAUt issuance and backing (gold reserve one-for-one per token) and the claim that XAUt accounts for over half of the gold-backed stablecoin market.

World Gold Council data showing net central-bank gold purchases, including 220 tonnes in Q3 2025.

Bloomberg reporting on the US Dollar Index movements and current level trends.

CoinMarketCap page for Tether Gold (XAUt) market capitalization and token count.

Beleggers Belangen analysis on Bitcoin’s role as a debasement hedge compared to gold.

Tokenized gold gains traction as bullion demand rises and the dollar weakens

The surge in tokenized gold signals a pragmatic intersection of traditional assets and digital infrastructure. As investors seek safe-haven assets amid geopolitical and trade uncertainties, tokenized wrappers like XAUt provide a familiar risk profile with the added advantages of programmable liquidity and cross-border settlement. The fact that XAUt now represents more than half of the gold-backed stablecoin market—backed by a physical bullion reserve—adds a layer of credibility to tokenized commodities as an investable subset of the crypto market. This dynamic is occurring amid a broader trend: bullion demand among official sector holders is climbing, while the dollar’s strength weakens, prompting a shift in reserve composition that could favor non-dollar hedges over the medium term.

Bitcoin (BTC) has been a focal point in crypto debates about hedging and store of value. While proponents argue that digital scarcity and decentralization offer an alternative to traditional deployments, the asset’s real-world flow has yet to demonstrate a consistent, broad-based shift away from gold as a hedge. An evaluation by Karel Mercx of Beleggers Belangen concluded that BTC has fallen short of delivering a robust debasement hedge, reinforcing the ongoing preference for gold among long-term investors. The juxtaposition of BTC with XAUt reflects the evolving toolbox investors use to navigate macro risk, with tokenized commodities occupying a middle ground between physical assets and on-chain liquidity.

As policy makers, institutions and households alike reassess the role of money, the intersection of dollar weakness and bullion diversification appears to be a persistent theme. The dollar’s slide, the expansion of bullion reserves, and the growth of tokenized assets are not isolated phenomena; they are interconnected pieces of a broader repositioning in global financial markets. For traders and savers, this environment encourages careful evaluation of risk-on versus risk-off exposures, liquidity needs, and the potential for regulatory clarity to shape the trajectory of tokenized commodities like XAUt in the months ahead.

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This article was originally published as Gold’s Digital Rally Signals Dollar Pressure as Tokenized Gold Surges on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.