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Bitmine staked an additional 140,400 ETH, worth $282 million, four hours ago, EmberCN reported. The company is now staking a total of 3,037,859 ETH, representing about 70% of its total holdings. This generates an estimated annual staking reward of 85,000 ETH ($172 million).

During a second White House meeting convened with banking and crypto industry representatives on stablecoin yields, the banking sector has reportedly proposed a hardline principle that amounts to a total ban on interest payments. According to a White House document shared on X by Decrypt senior reporter Sander Lutz, banking representatives argued for prohibiting any monetary or non-monetary compensation for holding, using, or owning payment stablecoins. They also insisted that any exceptions must be "extremely limited" so as not to undermine the principle of the ban. This stance is even stricter than the latest draft of a market structure bill, which permitted yield payments for certain stablecoin activities. A person familiar with the meeting described the discussion as productive but noted that "nothing was resolved." Future talks are expected to move to the Senate Banking Committee and industry self-regulatory bodies. While some crypto firms are reportedly showing a willingness to accept the banks' demands, Coinbase is said to be maintaining its opposition.

Ripple Chief Legal Officer (CLO) Stuart Alderoty described recent discussions at the White House on stablecoin revenue as productive. In a post on X, Alderoty stated that a consensus is forming and that bipartisan support for a crypto market structure bill remains intact. He emphasized the need to act while the opportunity is open to achieve tangible results for consumers and the U.S. The comments follow reports of a second meeting at the White House between representatives from the banking and crypto industries to discuss revenue generated from stablecoins, such as interest payments.

Coinbase announced the addition of GWEI to its listing roadmap.

The Altcoin Season Index from comprehensive crypto data platform CoinMarketCap has risen three points from yesterday to 27. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against Bitcoin. If 75% of these top coins outperform Bitcoin over the past 90 days, it is considered an altcoin season. Otherwise, it is deemed a Bitcoin season. A reading closer to 100 indicates an altcoin season.

The Crypto Fear & Greed Index has risen two points from yesterday to 11, though it remains in the "extreme fear" category, according to data from crypto analytics firm Alternative. The index measures market sentiment on a scale of 0 to 100, where 0 signifies extreme fear and 100 represents extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Crypto industry Super PAC Fairshake plans to commit a total of $5 million to the Senate campaign of pro-crypto U.S. Representative Barry Moore of Alabama, CoinDesk reported. Fairshake stated its support for Moore as a leader who will promote economic growth and establish the U.S. as a crypto hub. The Super PAC also recently supported U.S. Representative French Hill, chairman of the House Financial Services Committee. Hill has spearheaded a bill on crypto market structure, which passed the House last year and is now awaiting consideration in the Senate.

Ark Invest CEO Cathie Wood has joined the advisory board of cross-chain protocol LayerZero (ZRO). LayerZero previously secured a strategic investment from Tether, the issuer of the world's largest stablecoin, USDT.

Speaking at the CNBC Digital Finance Forum in New York, Galaxy CEO Mike Novogratz stated that the recent cryptocurrency market correction reflects a structural shift across the industry rather than a collapse caused by a single negative event. He noted that while the 2022 FTX collapse had a clear cause—a loss of trust—the current downturn lacks a distinct trigger. Novogratz pointed to an event last October when more than 1.6 million traders had leveraged positions worth $19.37 billion liquidated in a single day, sending shockwaves through the market. In the aftermath, he explained, many retail investors and some liquidity providers exited, making it difficult for previous narratives to regain traction quickly. The "age of speculation" is gradually coming to an end, he added, highlighting a growing bipartisan consensus to pass the CLARITY Act. He described the crypto market structure bill as essential for restoring market trust and momentum.

Coinbase has announced the addition of OPN to its listing roadmap.

South Korean financial authorities are considering sanctions against the Bithumb exchange following a recent large-scale erroneous payment incident, Newsis reported. Although a comprehensive digital asset law addressing internal control responsibilities is not yet in place, regulators plan to utilize the existing Virtual Asset User Protection Act to the fullest extent possible. According to financial industry sources, Financial Supervisory Service Governor Lee Chan-jin stated at a recent meeting that authorities are assessing whether any aspects of the incident violate the current user protection law. He explained that individuals who knowingly sold the mistakenly distributed Bitcoin for profit could be subject to unfair trading charges under the act. This is because the intentional mass-selling of the erroneously sent Bitcoin is seen as an act that caused a price decline and harmed other investors, which can be defined as unfair trading.

Mario Nawfal, founder of the Web3 investment firm IBC Group, highlighted on X key arguments from Sam Bankman-Fried's (SBF) request for a retrial. According to documents filed with the U.S. District Court for the Southern District of New York, SBF's legal team claims an affidavit arguing that FTX was not insolvent during its November 2022 crisis and that customer assets were always fully repayable was withheld from the jury. The team also alleges that multiple witnesses abandoned their testimony due to pressure and threats from prosecutors. Nawfal added that SBF's side argues prosecutors relied on statements from cooperating witnesses facing long sentences while excluding data that showed FTX's actual financial state. They contend the government and the bankruptcy estate presented a distorted narrative of missing customer funds by omitting billions of dollars in assets, and that the subsequent full repayment to customers at 119-143% was not adequately considered. The retrial application, which was made public for the first time, also includes a Brady disclosure motion and a request for the judge's recusal.

U.S. stock and crypto trading app Robinhood recorded $1.28 billion in revenue for the fourth quarter of 2025, a 27% increase year-over-year, Wu Blockchain reported. During the same period, the company's crypto-related revenue fell 38% to $221 million. Robinhood's cash and cash equivalents totaled $4.3 billion.

Global investment bank Goldman Sachs holds $2.36 billion in cryptocurrency assets as of the fourth quarter of 2025, according to a 13F securities filing, Unfolded reported. The bank's holdings include $1.1 billion in Bitcoin (BTC), $1 billion in Ethereum (ETH), $153 million in XRP, and $108 million in SOL. This represents approximately 0.33% of Goldman Sachs' total assets under management.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.33% - Nasdaq: -0.59% - Dow Jones: +0.10%

Bloomberg ETF analyst James Seyffart said Ethereum ETF holders are in a more difficult situation than Bitcoin ETF holders. He explained that the current Ethereum price of around $2,000 is significantly lower than the average purchase price for ETF holders, which is approximately $3,500. Seyffart called this a painful situation but added that Ethereum ETF holders have experienced this before.

Bitwise Chief Investment Officer Matt Hougan has identified the four-year cycle as the primary cause of Bitcoin's recent price slump, CNBC reported. In an interview, Hougan stated that while people are searching for a single reason for the price decline, multiple factors are at play. He noted that assets like gold and artificial intelligence-related stocks are currently drawing more attention than cryptocurrencies. Hougan also mentioned quantum risk and concerns about Fed Chair nominee Kevin Warsh, adding that all these elements are amplified in a bear market. However, he argued that this bearishness will not ultimately stop the growth of crypto ETFs. Hougan explained that the fact of Bitcoin's total supply being limited to 21 million coins remains unchanged, and all demand from derivatives will eventually flow into the spot market.

Nobel Prize-winning economist Paul Krugman, a professor at the City University of New York, said in an interview with Bloomberg that the cryptocurrency industry is facing its 'Fimbulwinter,' a term from Norse mythology for the harsh winter that precedes the end of the world. According to Wu Blockchain, he stated that Bitcoin is primarily supported by sentiment and lacks fundamentals, with its practical applications confined to sanctions evasion and illicit activities. Krugman emphasized that Bitcoin is not a technology of the future, noting it is only slightly younger than the first iPhone, and described it as a failure for not having established itself as a legitimate means of payment after 17 years.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

U.S. President Donald Trump has suggested the possibility of sending a second aircraft carrier to Iran if negotiations with the country fail, Axios reported.

Dallas Fed President Lorie Logan said further interest rate cuts may not be necessary if inflation continues to fall and the labor market remains stable. According to Walter Bloomberg, she noted that while rate cuts could be warranted if the labor market weakens, economic activity is showing signs of a rebound and downside risks to the labor market have decreased. She added that while inflation remains high, she is somewhat optimistic it will fall toward the 2% target this year.

Braden John Karony, former CEO of crypto firm SafeMoon (SFM), has been sentenced to 100 months in prison, Solid Intel reported. He faced charges of conspiracy to commit securities fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering in connection with misappropriating millions of dollars worth of SFM tokens between 2021 and 2022.

FTX founder Sam Bankman-Fried (SBF), who is currently serving a prison sentence for fraud, has filed for a retrial in his crypto-related criminal case with the U.S. District Court for the Southern District of New York, according to Solid Intel.

S&P Global has assigned a preliminary BBB- rating to a product from Bitcoin lending firm Ledn, the Issuer Trust 2026-1. The rating is one notch above junk bond status, which is considered non-investment grade, but it is the highest ever assigned to a cryptocurrency company. Last year, DeFi lending firm Sky and Michael Saylor's MicroStrategy received B- ratings, five notches lower than BBB-. A BBB- rating is on par with the sovereign debt ratings of Kazakhstan, Hungary, and Morocco.

The White House is set to hold its next meeting with banking and crypto industry representatives to discuss stablecoin yields at 7:30 p.m. UTC today, Feb. 10. According to crypto journalist Eleanor Terrett, citing two sources familiar with the matter, attendees received an email from the White House the previous day. The email reportedly urged participants to come prepared with serious proposals and a willingness to compromise. Major banks including Goldman Sachs, JPMorgan, Bank of America, Wells Fargo, and Citi are expected to attend. Crypto industry participants reportedly include Coinbase, Andreessen Horowitz (a16z), and the Blockchain Association.