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The Dow Jones Industrial Average has extended its intraday losses, falling by 1.36%. The Nasdaq Composite is currently down 1.10%, and the S&P 500 is trading 1.03% lower.

U.S. Federal Reserve Chairman Jerome Powell said at a press conference that he has no intention of leaving the board before the Department of Justice investigation concludes. He added that he has not yet decided whether he will remain in his position after the investigation is finished. Powell also said he would serve as acting chair if a new Fed Chair is not confirmed before his term ends.

Kalshi founder Tarek Mansour has described a 20-count criminal complaint filed against the company by the state of Arizona as an attack on a platform supervised by the Commodity Futures Trading Commission (CFTC), rather than a typical gambling crackdown. According to CoinDesk, Mansour called Arizona's move a "complete overreach of authority" and emphasized that Kalshi will continue to defend its business, even if the legal battle expands. Meanwhile, CFTC Chairman Michael Selig characterized the complaint as a jurisdictional dispute, stating on X that the agency is "closely monitoring the situation and considering various response options."

According to the U.S. Federal Reserve FOMC's economic projections, the median forecasts for year-end Personal Consumption Expenditures (PCE) inflation are as follows: - Year-end 2026: 2.7% (revised up from 2.4% in December) - Year-end 2027: 2.2% (revised up from 2.1% in December) - Year-end 2028: 2.0% (unchanged from 2.0% in December)

The U.S. Federal Reserve's latest dot plot shows the following rate projections for 2026 from its 19 members: - Seven members project no rate changes throughout 2026. - Seven members project a cumulative 25 bp cut. - Two members project a cumulative 50 bp cut. - Two members project a cumulative 75 bp cut. - One member projects a cumulative 100 bp cut.

The U.S. Federal Reserve's Federal Open Market Committee (FOMC) announced in an official statement that it will hold the benchmark interest rate steady, a decision that aligns with market expectations. As a result, the U.S. benchmark interest rate remains in the 3.50% to 3.75% range.

While Bitcoin has shown relative strength against major risk assets in recent weeks, reclaiming the $75,000 level is a key turning point for a full-fledged uptrend, CNBC reported. The outlet noted that Bitcoin appears to be forming a cup-and-handle technical pattern, similar to one seen from November 2025 to mid-January 2026. However, a breakout attempt from that previous pattern failed within about two days, leading to a three-week decline. The recent rebound began from an oversold condition, with the Relative Strength Index (RSI) rising to the 60 level at one point this week. While this is a positive technical signal, it does not yet indicate overbought conditions. Price action around the 50-day moving average (50-DMA) is also cited as a key variable for the short-term trend. Historically, after reclaiming this indicator in April 2025, Bitcoin rallied from below $75,000 to around $126,000. Conversely, when a subsequent uptrend pattern failed to hold the 50-DMA, a further correction of about 39% occurred.

Visa Crypto Labs has launched a command-line interface for AI agent payments, according to The Block. The product, called Visa CLI, is the lab's first "Experimental" release and enables AI agents to execute programmatic payments directly from a terminal. This allows for card payments without the need to configure API keys. A CLI tool is a program controlled by entering text commands rather than clicking buttons, menus, or icons in a typical application.

According to CME Group's FedWatch tool, traders are pricing in a 98.9% probability that the U.S. Federal Reserve will hold its benchmark interest rate steady at the March FOMC meeting. The probability of a 0.25 percentage point hike is estimated at 1.1%.

Citigroup has downgraded its investment rating for cryptocurrency exchange Gemini, causing its stock to plummet, Decrypt reported. Citi analysts lowered their rating on Gemini from "Neutral" to "Sell" and cut the price target from $13 to $5.50. Following the announcement, Gemini's stock (GEMI) fell by approximately 16% and is currently trading at around $5.99.

Cryptocurrency exchange Kraken has reportedly put its multi-billion dollar initial public offering (IPO) on hold due to worsening market conditions, CoinDesk reported. The exchange, which formalized its listing plans about four months ago, is said to be rescheduling due to the recent crypto market downturn, decreased trading volume, and the impact of falling asset prices on its corporate valuation. The company has not withdrawn its IPO plans entirely and has left open the possibility of resuming the process if market conditions improve.

Major exchanges have seen $122 million worth of futures liquidated in the past hour. In the past 24 hours, $389 million worth of futures have been liquidated.

A surge in energy prices due to the war in Iran is causing a decline in the Bitcoin hashrate, putting pressure on both miners and the broader market, according to an analysis by CoinDesk. The network's hashrate fell by approximately 8% last week to around 920 EH/s. The report suggests this drop is likely tied to geopolitical tensions and the spike in oil prices resulting from the conflict, as about 8-10% of global Bitcoin mining occurs in markets sensitive to energy costs. As a result, Bitcoin's mining difficulty is expected to fall by up to 10%, which would be one of the largest downward adjustments in the last five years. CoinDesk also noted that a sharp decline in hashrate often coincides with periods of stress for miners and downward pressure on the price of Bitcoin.

SBI VC Trade, the digital asset subsidiary of Japanese financial giant SBI Holdings, has launched a USDC lending service for retail investors, Cointelegraph reported. The service allows users to deposit the stablecoin USDC on the platform for a set period to earn interest. The launch follows SBI's full-scale commercialization of USDC in Japan in March 2025, which came after securing regulatory approval, as part of the company's broader strategy to expand stablecoin adoption.

U.S. Senator Cynthia Lummis of Wyoming has reaffirmed her commitment to passing the Clarity Act, a cryptocurrency regulation bill, by the end of this year, Crypto in America host Eleanor Terrett reported on X. According to Terrett, Lummis stated that she intends to finalize the bill by the end of the year, regardless of circumstances, and that the legislative schedule is proceeding as planned. The senator also noted that a solution has been found for the contentious issue of stablecoin yields and that negotiations on decentralized finance (DeFi) regulations are in their final stages.

According to CoinNess market monitoring, BTC has fallen below $71,000. BTC is trading at $70,949.76 on the Binance USDT market.

Prediction market platform Polymarket has acquired crypto and DeFi infrastructure startup Brahma, Fortune reported. While the financial terms of the deal were not disclosed, Polymarket plans to leverage the acquisition to more intuitively integrate blockchain technology into its user experience and expand its overall platform infrastructure. Following the integration, Brahma will gradually wind down its ongoing projects with existing corporate and individual clients.

According to data from Arkham, Grayscale deposited 6,157 ETH, worth approximately $13.74 million, to Coinbase Prime about two hours ago.

U.S. investment bank Benchmark has lowered its price target for blockchain infrastructure firm Bakkt to $22 from a previous $40, The Block reported. However, the bank maintained its "Buy" rating for the company. Benchmark noted that after restructuring its business and realigning its strategy, Bakkt is positioning itself as a digital asset infrastructure platform that connects traditional finance, cryptocurrencies, and stablecoins.

Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) has revoked the registrations of 23 cryptocurrency service providers, Decrypt reported. The move is part of a broader effort to strengthen the enforcement of anti-money laundering (AML) regulations targeting virtual asset service providers. The list of delisted companies includes overseas-based firms such as Slovakia-based Finast and UK-based Commerce Plex. These companies were reportedly engaged in foreign exchange and money transfer services in addition to their crypto operations.

Institutional investors' expectations for expanding digital asset investments remain strong despite the recent market correction, Cointelegraph reported. According to a survey of 351 institutional investors conducted by Coinbase and EY-Parthenon in January, 73% of respondents plan to increase their digital asset allocation by 2026. Additionally, 74% forecast a rise in cryptocurrency prices over the next 12 months. Approximately two-thirds of respondents are prioritizing regulated financial products, such as exchange-traded products (ETPs), as their means of investing in digital assets. Meanwhile, interest in stablecoins and the tokenization of real-world assets (RWA) is also growing rapidly. The survey found that 85% of respondents are either considering or already using stablecoins for payments and treasury operations. Furthermore, 63% showed interest in investing in tokenized assets, while 61% believe tokenization will have a meaningful impact on the structure of financial markets in the future.

According to CoinNess market monitoring, BTC has fallen below $72,000. BTC is trading at $71,988.54 on the Binance USDT market.

S&P Dow Jones Indices (S&P DJI), the world's largest index provider, has announced the launch of an S&P 500-based perpetual derivative in partnership with Hyperliquid (HYPE) and the real-world asset (RWA) marketplace TradeXYZ. Eligible investors outside the U.S. can now take leveraged long and short positions on the S&P 500 index around the clock on the Hyperliquid chain.

American Bitcoin (ABTC), a Bitcoin mining firm involving President Donald Trump's sons Donald Trump Jr. and Eric Trump, now holds 6,899 BTC, surpassing the holdings of Galaxy Digital, Foresight News reported.

Crypto-fiat exchange service LINQ has launched V2 of its platform on the layer-1 blockchain Sui, the company announced on its official X account. The new version enables users to purchase the Nigerian Naira within its wallet and provides features such as bank deposits, withdrawals, and automatic deposits. According to Sui, the launch of LINQ V2 on its network has reduced transaction settlement times from 60 seconds to five seconds.