CryptoCryptocurrency

Crypto firms and banks failed to reach a compromise on stablecoin yields at a White House meeting as negotiations continue over a Senate bill to regulate US crypto market structure.

The founder of Russia’s largest bitcoin miner BitRiver, Igor Runets, has been placed under house arrest on multiple tax evasion charges as the company faces mounting financial and legal pressure.

Binance co-founder Changpeng Zhao rejected claims that he and Binance triggered recent crypto price declines as scrutiny over the exchange’s role in market volatility intensified.

BitGo said it has become the first publicly traded digital asset infrastructure firm to receive a US federal bank charter following regulatory approval and its recent New York Stock Exchange listing.

Ethereum co-founder Vitalik Buterin has proposed combining decentralised autonomous organisations with prediction markets to create a new creator token model that rewards high-quality content.

Bitcoin has fallen below the average cost basis of US spot Bitcoin ETFs after nearly $2.8 billion was pulled from the funds over the past two weeks.

Cryptocurrency stolen through hacks and scams reached $370.3 million in January, nearly quadrupling year on year and marking the highest monthly total in 11 months, according to CertiK.

The sharp crypto selloff that wiped about $250 billion from total market value over the weekend is being driven by a shortage of US liquidity rather than any crypto-specific weakness, according to analyst Raoul Pal.

The chief executive of Russian bitcoin mining firm BitRiver has been placed under house arrest as authorities pursue tax evasion charges, according to local media reports.

XRP extended losses below $1.60 after failing to hold above $1.80, putting the $1.50 support level under renewed pressure.

Ethereum fell about 20% after failing to hold above $2,500, with price now struggling to defend the $2,200 support level.

Bitcoin fell sharply below $80,000 after failing to hold gains above $82,500, putting the $70,000 support level back into focus as downside pressure builds.