Jim Bianco, president of Bianco Research posted on X, suggests that the market requires a capitulation for recovery. He believes that panic selling is necessary and delaying it could worsen the situation.

Stablecoin issuer Tether announced a strategic investment in t-0 Network to support the USDT payment system. The specific amount was not disclosed. t-0 Network is a proprietary payment solution that connects global financial institutions, enabling banks and fintech companies to use stablecoins as a core settlement infrastructure to coordinate cross-border fiat currency payments.

According to Gate data, spot silver rose $5 on the day, currently trading at $75.82 per ounce, a gain of 7%. Spot gold rose more than 3% on the day.

In an article titled "Bitcoin's Decline Is Not the End of Cryptocurrency," Sean Stein Smith, a member of the advisory board of the Wall Street Blockchain Consortium, points out that although Bitcoin has fallen sharply from its all-time high in late 2025 and market pessimism has intensified, market opinion holds that this decline does not signify the end of the crypto industry cycle. The industry's fundamentals and institutional participation are still strengthening, and the long-term development logic has not been fundamentally destroyed. Institutional adoption is still progressing, with traditional financial institutions continuing to increase their investment in on-chain asset ecosystems. This includes the NYSE's exploration of blockchain exchanges and Fidelity's plan to launch the Ethereum-based stablecoin Fidelity Digital Dollar (FIDD). Although Strategy's Bitcoin holdings are currently showing a paper loss, market analysts believe its financial structure remains sound. Most of the company's Bitcoin assets are not pledged, and the convertible bonds have long maturities, so there is no short-term liquidity pressure or risk of forced liquidation. Therefore, they maintain a long-term bullish strategic position on Bitcoin. (Forbes)

The People's Bank of China and eight other departments issued a notice on further preventing and handling risks related to virtual currencies. The notice states that those who violate this notice by engaging in illegal financial activities related to virtual currencies and real-world asset tokenization, or providing services for such businesses, will be punished according to relevant regulations; those whose actions constitute a crime will be prosecuted according to law. Domestic entities and individuals who knowingly or should have known that overseas entities are illegally providing virtual currency or real-world asset tokenization services to China, and who still provide assistance, will be held accountable according to law; those whose actions constitute a crime will be prosecuted according to law. Any entity or individual investing in virtual currencies, real-world asset tokens, and related financial products in violation of public order and good morals will have their related civil legal acts invalid, and any losses arising therefrom shall be borne by the individual; those suspected of disrupting financial order or endangering financial security will be investigated and dealt with by relevant departments according to law.

The People's Bank of China and eight other departments issued a notice on further preventing and handling risks related to virtual currencies. The notice states that real-world asset tokenization refers to the activity of using encryption technology and distributed ledger or similar technologies to convert the ownership and income rights of assets into tokens or other rights or bond certificates with token characteristics, and then issuing and trading them. Conducting real-world asset tokenization activities within China, as well as providing related intermediary and information technology services, which are suspected of involving illegal token issuance, unauthorized public offerings of securities, illegal operation of securities and futures businesses, illegal fundraising, or other illegal financial activities, should be prohibited; exceptions are made for related business activities conducted based on specific financial infrastructure with the approval of the competent authorities in accordance with laws and regulations. Foreign entities and individuals are prohibited from illegally providing real-world asset tokenization-related services to domestic entities in any form.

The People's Bank of China and eight other departments issued a notice on further preventing and handling risks related to virtual currencies. The notice states that strict supervision will be implemented for domestic entities conducting related business overseas. Without the consent of relevant departments in accordance with laws and regulations, domestic entities and their controlled overseas entities are prohibited from issuing virtual currencies overseas. Domestic entities directly or indirectly conducting real-world asset tokenization business in the form of foreign debt overseas, or conducting asset securitization or equity-based real-world asset tokenization business overseas based on domestic asset ownership, income rights, etc. (hereinafter collectively referred to as domestic equity), should be strictly supervised by the National Development and Reform Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and other relevant departments according to their respective responsibilities, in accordance with laws and regulations, following the principle of "same business, same risk, same rules." Overseas subsidiaries and branches of domestic financial institutions providing real-world asset tokenization related services overseas should act prudently and legally, equip themselves with professional personnel and systems, effectively prevent business risks, strictly implement customer access, suitability management, anti-money laundering requirements, and incorporate them into the compliance and risk control management system of domestic financial institutions.

NFT minting expanded in 2025 even as sales fell sharply, leaving more tokens chasing fewer buyers. source: https://cointelegraph.com/news/nft-market-cap-returns-pre-hype-levels-2021?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The People's Bank of China and eight other departments issued a notice on further preventing and handling risks related to virtual currencies (Yinfa [2026] No. 42). The notice clarifies the essential nature of virtual currencies, the tokenization of real-world assets, and related business activities, stating that virtual currencies do not have the same legal status as fiat currency. Bitcoin, Ethereum, Tether, and other virtual currencies are characterized by being issued by non-monetary authorities, using encryption technology and distributed ledgers or similar technologies, and existing in digital form. They lack legal tender status and should not and cannot be used as currency in the market.

The People's Bank of China and eight other departments issued a notice on further preventing and handling risks related to virtual currencies. The notice mentioned the continued crackdown on virtual currency mining activities. The National Development and Reform Commission, together with relevant departments, will strictly control virtual currency mining activities and continue to promote the rectification of such activities. Provincial-level people's governments are fully responsible for the rectification of mining activities within their respective administrative regions. In accordance with the requirements of the "Notice on Rectifying Virtual Currency Mining Activities" (NDRC Operation [2021] No. 1283) issued by the National Development and Reform Commission and other departments, and the provisions of the "Guidance Catalogue for Industrial Structure Adjustment (2024 Edition)," they will comprehensively review, investigate, and shut down existing virtual currency mining projects, strictly prohibit new mining projects, and strictly prohibit mining machine manufacturers from providing mining machine sales and other services within the country.

BlackRock's IBIT saw trading volume surpass $10 billion on Thursday, a 169% surge from a record high, while prices plummeted 13% to a 15-month low.

As the industry has evolved, the entire crypto industry has begun to accept regulation from the centralized world, which I personally believe is fundamentally contrary to Satoshi Nakamoto's decentralized philosophy.

With the sharp drop in BTC and ETH prices in recent days, the positions of Jack Yi, founder of Trend Research and Liquid Capital (formerly LD Capital), have attracted the attention of many cryptocurrency investors.

On the morning of February 6, gold and silver prices continued to decline, with gold prices falling below $4,700 per ounce at one point and silver prices falling below $65 per ounce at one point, erasing all of the gains made this year.

Metaplanet confirmed it will keep buying Bitcoin despite the market falling sharply, with CEO Simon Gerovich saying the strategy will not change. The company’s stock dropped over 5% as its Bitcoin holdings sit on nearly 39% unrealised losses.

This is not a case of "the old system being replaced by new technology," but rather the new technology being incorporated into the core and most rigorous operating logic of the old system.

Telegram co-founder Pavel Durov has ignited a fresh debate over online privacy after sharply criticizing Spain’s proposal to restrict social media access for users under 16.

Bucher’s public relations efforts to clear Epstein’s name were first exposed in 2019.

Crypto Market Sentiment Plunges into Extreme Panic - Jinse Finance: We have experienced several bear markets before, and we have always emerged from the shadows.

Tether has bought a $150 million, 12% stake in Gold.com and will integrate its gold-backed token XAUt into the platform. The companies are also exploring ways for customers to buy physical gold using Tether’s stablecoins USDt and USAt.