CryptoCryptocurrency

On February 7, onchain neobank Hurupay confirmed its public token sale on MetaDAO closed without reaching the $3 million minimum raise, triggering full refunds to participants.

Dogecoin jumped about 6% after a large transfer of 203.6 million DOGE, worth roughly $20.1 million, was sent from an unknown wallet to Robinhood during a volatile trading session.

Binance confirmed it has converted a further tranche of stablecoins into bitcoin for its SAFU reserve, lifting the fund’s holdings to 10,455 BTC worth about $734 million.

Bernstein said bitcoin’s latest sell-off reflects fading confidence rather than structural damage, describing the current phase as the weakest bear market in its history.

Chiliz unveiled a three-phase roadmap detailing how it plans to expand Fan Tokens ahead of the 2026 FIFA World Cup, including a return to the US market.

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.