Crypto ETP selling cools as funds see $187M of fresh outflows
Crypto ETP outflows slowed after weeks of losses, with a record $63 billion in trading volume, suggesting a “potential market nadir,” CoinShares said. Go to Source
ENS to Deploy ENSv2 Exclusively on Ethereum, Halts Namechain L2 Development
ENS announced Feb. 6 that it will deploy ENSv2 exclusively on Ethereum L1 and cease development of its planned Namechain layer 2, saying recent Ethereum scaling — including a fusaka-driven gas limit increase to 60 million and a 99% drop in ENS registration gas costs over the past year — made L1 the preferable platform. … Read more
Remembering Bitcoin Cash Tank Man: A Forgotten Story
Joshua Yabut, a Bitcoin Cash evangelist, stole an armored vehicle and took a joyride through Virginia in 2018, giving rise to one of the most memorable memes in cryptocurrency history. Let’s review what he did and how the charges against him were dismissed. Bitcoin Cash’s Tank Man Revisited: Remembering Joshua Yabut’s Joyride Through Virginia Joshua … Read more
South Korea expands crypto market probes after $44B Bithumb Bitcoin blunder
South Korea’s financial watchdog detailed planned investigations into high-risk trading tactics as it prepares the next phase of crypto regulation, Yonhap News Agency reported. Go to Source
BTC traders wait for $50K bottom: Five things to know in Bitcoin this week
Bitcoin price forecasts retained odds of new macro lows next as risk asset traders remained nervous about US and Japan macroeconomic tailwinds. Go to Source
Scottsdale Home Invasion Linked to $66M Crypto Plot, Teens Arrested
Two teenagers were arrested after a violent home invasion in Scottsdale, Arizona, targeting $66 million in cryptocurrency. The Breach and Assault Two California teenagers are in custody following a violent home invasion targeting a massive cryptocurrency fortune, an incident police say was orchestrated by anonymous handlers via the encrypted messaging app Signal. Jackson Sullivan, 17, … Read more
Coinbase bets on Backstreet Boys nostalgia in return to Super Bowl
Coinbase’s TV spot at the Super Bowl divided opinion online, but the crypto exchange says conversations about it were the point. Go to Source
ENS abandons plans for Namechain L2, citing Ethereum scaling
Citing a 99% drop in gas fees and upcoming Ethereum scaling, the project will now deploy its ENSv2 upgrade directly on Ethereum. Go to Source
Bitcoin Sharpe ratio slides to levels seen in previous market bottoms
Bitcoin’s Sharpe ratio has fallen to -10, nearing bear market lows seen in 2018 and 2022, suggesting the risk/reward profile is approaching extreme levels. Go to Source