Whale’s $9B Bitcoin Sale Not Quantum Concern: Galaxy Digital

Galaxy Digital denied that a $9 billion Bitcoin sale by one of its clients was linked to quantum computing risks, countering speculation after its earnings call. Following the company’s earnings call, crypto community members pointed to a $9 billion Bitcoin (BTC) sale by one of Galaxy’s wealthy customers who was ”fairly concerned about BTC quantum…

Bitwise to Acquire Chorus One as Crypto Staking Demand Accelerates

Bitwise Asset Management is reportedly acquiring institutional staking provider Chorus One, extending its push into cryptocurrency yield services. The acquisition adds a major staking operation to the crypto asset manager’s platform as demand for onchain yield products increases among both retail and institutional investors. Chorus One provides staking services for decentralized networks and currently has…

Bitwise to Acquire Chorus One as Crypto Staking Demand Accelerates

Bitwise Asset Management is reportedly acquiring institutional staking provider Chorus One, extending its push into cryptocurrency yield services. The acquisition adds a major staking operation to the crypto asset manager’s platform as demand for onchain yield products increases among both retail and institutional investors. Chorus One provides staking services for decentralized networks and currently has…

Spain to Follow UK with Plans to Ban Social Media for Under 16s

Pedro Sánchez announced that Spain would implement several changes to laws impacting social media platforms starting next week, with potential criminal liability for executives. Spain’s Prime Minister Pedro Sánchez said that the country plans to ban access to social media for children under the age of 16 and require platforms to implement age verification systems…

Bitcoin’s Next Step May Depend On US Credit And Debt Conditions

Bitcoin (BTC) scratched new lows below $73,000 on Tuesday as data shows troubling macroeconomic challenges bubbling below increasingly volatile markets. New data highlights tightening credit conditions, even as the US debt and borrowing costs stay elevated, and one analyst said this gap between credit pricing and credit market stress may define Bitcoin’s price trajectory for…

Bitcoin ETF outflows deepen as ether and XRP funds quietly attract inflows

Bitcoin exchange-traded funds saw fresh outflows on Tuesday even as ether- and XRP-linked products drew net inflows, indicative of a growing split in how investors are positioning across major crypto assets during the latest bout of market volatility. U.S.-listed spot bitcoin ETFs recorded roughly $272 million in net outflows on Feb. 3, according to data…

Tian Ruixiang Says Investor to Contribute 15,000 Bitcoin for Equity

Tian Ruixiang Holdings Ltd (Nasdaq: TIRX) said it has entered a strategic agreement under which an unidentified investor would contribute 15,000 Bitcoin in exchange for an equity stake in the company.  At Bitcoin’s (BTC) price of about $75,000 at the time of writing, the proposed contribution would be valued at about $1.1 billion. Tian Ruixiang…

Vitalik Buterin Says Ethereum Scaling Should Move From L2s

Ethereum co-founder Vitalik Buterin has reversed his long-held view that layer-2s should be the primary way to scale Ethereum, saying the approach “no longer makes sense.” “We need a new path,” Buterin said in a post to X on Tuesday, arguing that many layer-2s have failed to decentralize and that the Ethereum mainnet is now…

Vitalik Buterin Says Ethereum Scaling Should Move From L2s

Ethereum co-founder Vitalik Buterin has reversed his long-held view that layer-2s should be the primary way to scale Ethereum, saying the approach “no longer makes sense.” “We need a new path,” Buterin said in a post to X on Tuesday, arguing that many layer-2s have failed to decentralize and that the Ethereum mainnet is now…

Nevada Authorities File Lawsuit against Coinbase over Unlicensed Wagering

The enforcement action over wagers on sports event contracts followed Coinbase announcing the launch of prediction markets in all 50 US states. The Nevada Gaming Control Board announced that it had filed a civil enforcement action against Coinbase over wagers on sports event contracts. In Monday filings in the First Judicial District Court of the…