CryptoCryptocurrency

CME Group plans to roll out a tokenised cash product this year that could be used as collateral in crypto and derivatives markets, according to chief executive Terrence Duffy.

US Treasury Secretary Scott Bessent faced sharp questioning from lawmakers during a House Financial Services Committee hearing over World Liberty Financial, a Trump-linked crypto venture, and the Treasury’s authority over bitcoin.

Multicoin co-founder and managing partner Kyle Samani is stepping back from the crypto-focused venture capital firm after more than eight years, while pledging to remain active in the digital asset sector.

Bitcoin developer Luke Dashjr has called on Blockstream chief executive Adam Back to resign after newly released US Justice Department files linked figures in the crypto industry to convicted sex offender Jeffrey Epstein.

Ethereum lost about $100 billion in market value over the past week as its price fell nearly 27% to around $2,107, the lowest level since May 2025.

Fidelity Investments on Wednesday launched its first stablecoin, the Fidelity Digital Dollar, marking the firm’s entry into the US dollar-pegged crypto market.

Tether has scaled back plans for a major private fundraising round after investor resistance to a $500 billion valuation, raising fresh doubts over whether an IPO is imminent.

BitMine Immersion Technologies is sitting on more than $6 billion in unrealised losses on its Ethereum holdings as the cryptocurrency slid to multi-month lows during the recent market downturn.

The XRP Ledger is set to activate Permissioned Domains on February 4 after more than 91% of validators approved the XLS-80 amendment.

Aave is winding down its Avara umbrella brand and phasing out the Family crypto wallet as it sharpens its focus on decentralised finance.

Standard Chartered has cut its Solana price target for 2026 to $250 while raising its longer-term forecast to $2,000 by the end of the decade, citing the blockchain’s growing role in micropayments.

Stablecoin-related “dust” transfers on Ethereum have more than tripled since the Fusaka upgrade, now accounting for roughly 11% of transactions and 26% of active addresses, according to Coin Metrics.