The crypto market weakened on Monday after China asked domestic banks and financial institutions to cut exposure to US Treasuries, unsettling risk assets and stalling the recent recovery.
AI-focused cryptocurrencies extended losses on Monday as risk-off sentiment pushed the sector’s total market capitalisation down 3.4% to about $12.5 billion.
Bitcoin is holding near the $70,000 level after one of its sharpest sell-offs this cycle, with investors divided over whether the next move is higher or lower.
Ethereum hit its projected breakdown target near $1,800 in early February before rebounding about 23%, but analysts warn the recovery lacks conviction and may still leave the door open to deeper losses.
VivoPower said it is exiting its stake in Ripple Labs to double down on AI-focused data centre infrastructure, transferring the holding at market value with no digital-asset losses.
A wallet linked to the Infini exploit resurfaced after more than 200 days of inactivity, spending about $13.3 million to buy 6,316 ether during the recent market dip before moving the funds.
The idea that bitcoin could ultimately be worth nothing has resurfaced after a fresh selloff revived questions about utility, cash flows and whether belief alone can sustain its price.
Digital asset manager CoinShares said only a small fraction of bitcoin is realistically exposed to quantum computing risks, estimating just $719 million worth could be vulnerable.
Solana co-founder Anatoly Yakovenko has shared an experimental devnet project called Percolator / SOV that combines memecoin trading with inverted perpetual futures on Solana.
XRP entered a fragile stabilisation phase in early February after sliding from its January peak near $2.40 and briefly flushing to $1.37 amid heightened macro-driven volatility.
Hyperliquid’s HYPE token has climbed more than 40% over the past two weeks, defying a broader crypto market sell-off after a sharp cut in token unlocks and a new partnership with Ripple.
Polymarket filed a federal lawsuit against Massachusetts on Monday, arguing the state lacks authority to regulate or ban its prediction markets as a temporary prohibition on sports-related contracts looms.
