Live Feed

An anonymous address believed to be associated with the Pendle (PENDLE) team has deposited 1.8 million PENDLE, worth approximately $3.53 million, to Binance, EmberCN reported. The tokens were unlocked three years ago. The same address previously deposited identical amounts to Bybit on Jan. 23 and Jan. 25.

A dormant Ethereum whale has deposited 85,000 ETH, valued at approximately $248 million, to the Gemini exchange, according to a report from EmberCN. The address, which begins with 0xb5Ab, had held the assets for nine years after withdrawing 135,000 ETH from Bitfinex at an average price of $90 per token. The initial investment was worth $12.17 million at the time. With the deposit price averaging $2,908, the move represents an estimated profit of $381 million, a 32-fold increase.

CoinMarketCap's Altcoin Season Index has risen two points from yesterday to 29. The index determines whether it is an altcoin season or a Bitcoin season by comparing the price performance of the top 100 coins, excluding stablecoins and wrapped tokens, against Bitcoin. An altcoin season is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days. A score closer to 100 indicates a stronger altcoin season.

The market capitalization of major stablecoins has dropped significantly, with analysis suggesting that these funds are rotating into safe-haven assets like gold and silver. Cointelegraph reported, citing data from Santiment, that the combined market cap of the top 12 stablecoins fell by $2.24 billion over the past 10 days. This period coincided with gold and silver reaching all-time highs, while the cryptocurrency market, including BTC, experienced a correction. Santiment's analysis suggests that in times of growing uncertainty, capital tends to shift from volatile assets to those perceived as stores of value. Historically, strong crypto market rebounds have begun after stablecoin market caps start to increase again, indicating that until then, altcoins may face greater pressure than BTC.

The Crypto Fear & Greed Index rose nine points from yesterday to 29, moving from the Extreme Fear to the Fear stage, according to data from Alternative. The index measures market sentiment on a scale where 0 indicates extreme fear and 100 represents extreme optimism. It is calculated based on several factors, including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Bitmine has acquired an additional 20,000 ETH through FalconX and staked 184,960 ETH, according to data from Onchain Lens. The company now holds a total of 2,128,160 staked ETH, valued at $6.22 billion.

A Bitcoin OG, identified by the address 1011short, has withdrawn a total of 148,000 ETH, worth approximately $427 million, from Binance over the past two days, according to data from ai_9684xtpa. The most recent transaction, involving an additional 30,000 ETH, took place about three hours ago. Withdrawals from exchanges are typically interpreted as a move to hold assets for the long term.

Ethereum network fees have hit their lowest level since May 2017, according to Glassnode.

President Trump said he will raise tariffs on South Korean goods from 15% to 25%, citing delays in trade negotiations.

Visa has secured 90% of on-chain card transaction volume by leveraging its early infrastructure partnerships, according to a report from Unfolded.

The three major U.S. stock indices closed higher. The S&P 500 rose 0.50%, the Nasdaq Composite gained 0.43%, and the Dow Jones Industrial Average added 0.64%.

Ki Young Ju, CEO of CryptoQuant, stated on X that Bitcoin is a risk-off asset, similar to gold and silver. He added that if the market continues to treat Bitcoin as a risk-on asset, it is undervaluing the cryptocurrency.

Valour, a subsidiary of crypto ETP issuer DeFi Technologies, has secured approval from the UK's Financial Conduct Authority (FCA) to offer crypto exchange-traded products to retail investors, Cointelegraph reported. Following the approval, the company's 1Valour Bitcoin (BTC) Physical Staking and 1Valour Ethereum (ETH) Physical Staking products began trading on the London Stock Exchange on Jan. 26.

The crypto prediction market platform Polymarket has signed an exclusive licensing agreement with Major League Soccer (MLS), the top professional soccer league in the United States, The Block reported. Under the agreement, Polymarket will serve as the prediction market partner for MLS, covering events such as the MLS Cup, conference matches, and the All-Star Game.

Coinbase CEO Brian Armstrong announced on X that the company has established an advisory council focused on quantum computing and blockchain. Armstrong stated that security is a top priority at Coinbase and that it is crucial for the industry to prepare for threats, even those that are still years away. He explained that the advancement of quantum computers could impact the blockchain and cryptocurrency ecosystem, necessitating a systematic review of the associated risks and proactive preparation of necessary responses.

Bitwise has launched its first on-chain vault through the DeFi lending protocol Morpho, The Block reported. The vault deploys USDC in overcollateralized lending markets and targets a yield of up to 6%. Jonathan Man, Head of Multi-Strategy Solutions at Bitwise, explained that the vault may support other stablecoins and crypto assets in the future. He added that the firm could also expand into various DeFi strategies, such as RWA tokenization and providing liquidity to decentralized exchanges.

The U.S. Marshals Service (USMS) is investigating the suspected embezzlement of more than $40 million in cryptocurrency from a government wallet by the child of an employee at a federal contractor, according to CoinDesk. The contractor, CMDSS, provides IT services to the Department of Defense and Department of Justice and is responsible for managing cryptocurrency seized by law enforcement. On-chain analyst ZachXBT noted that it is unclear how the son of CMDSS President Dean Daghita gained access to the wallet or whether his father granted him the authority.

Sui (SUI) announced on X that it has begun accepting applications for its Sui Hydropower Fellowship, a support program for early-stage founders. The program is targeting founders in several key areas, including real-world asset (RWA) tokenization, prediction markets, gamified trading, DeFAI (AI + DeFi), and incentive design.

The combined market capitalization of the top 12 stablecoins has decreased by $2.24 billion over the past 10 days, according to on-chain analytics firm Santiment. Over the same period, Bitcoin's price fell by approximately 8%. Santiment noted that this trend suggests a broader shift in capital flows, with funds moving from risk assets like cryptocurrencies to traditional safe havens such as gold and silver, which have recently hit all-time highs. The firm explained that a shrinking stablecoin supply indicates investors are converting their holdings to fiat currency and exiting the market. This reduction in liquidity could limit buying pressure in the short term, potentially slowing the pace of any market rebound.

Russia has banned transactions with cryptocurrency exchange WhiteBIT for its support of Ukraine, CoinDesk reported. The country has designated the exchange and its parent company, W Group, as Undesirable Organizations, making all related activities within Russia illegal. Russian authorities stated that since the war began in February 2022, the companies have supported the Ukrainian military with financial and technical infrastructure and planned money laundering operations to move funds abroad. WhiteBIT, a global crypto exchange founded in Ukraine, has provided at least $11 million in aid to the Ukrainian military, with approximately $1 million of that amount reportedly used to purchase drones.

Stablecoin issuer Tether (USDT) purchased 27 tons of gold in the fourth quarter of last year, Unfolded reported. The gold is valued at approximately $4.4 billion based on current prices.

A Brazilian Federal Supreme Court judge is reviewing election regulations, including a ban on the use of cryptocurrency in political campaigns, DL News reported. The review is expected to be completed by March, ahead of the country's general election on Oct. 3. This follows a Supreme Court announcement in February 2024 that it would maintain the existing ban. The media outlet noted that the court's reconsideration suggests impending reforms in Brazil and other nations. As cryptocurrency gains popularity in Brazil, more politicians are advocating for its adoption ahead of this year's election, with the issue expected to be a decisive factor for some voters. Previously, Brazilian presidential hopeful Renan Santos cited the example of El Salvador's President Nayib Bukele, stating that Brazil could also gradually build up its Bitcoin reserves.

Investment platform Republic Europe has launched a product allowing retail investors to indirectly invest in cryptocurrency exchange Kraken, The Block reported. The offering is structured as a Special Purpose Vehicle (SPV), which offers investors indirect exposure to fluctuations in Kraken's valuation without requiring them to hold company shares directly.

Brian Armstrong, CEO of U.S. cryptocurrency exchange Coinbase, has predicted that even the most ardent critics will one day use cryptocurrency on a daily basis. He added that due to the nature of the technology, they may not even realize they are doing so.

A weaker U.S. dollar is not currently providing a significant boost to Bitcoin, according to an analysis reported by CryptoPotato. The report cited GugaOnChain, a CryptoQuant contributor and on-chain analyst, who explained that a weaker dollar only serves as a catalyst for a Bitcoin rally when macroeconomic conditions such as high inflation and abundant liquidity are present. In the current market, which is characterized by widespread fear and a strong risk-off sentiment, investors tend to prefer assets with a long-established role as a store of value, such as gold. The analyst added that if a dollar devaluation stems from a crisis of confidence and extreme risk aversion, cryptocurrencies typically decline alongside the stock market.