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The latest slide in Dogecoin (DOGE) is a reminder of how quickly sentiment can shift in a fragile crypto market. Once known for sharp rallies driven by social media buzz, the meme coin is now struggling to find a footing amid broader selling pressure that overshadows brief bursts of optimism. Related Reading: 5 Red Months In A Row: What’s Going On With Bitcoin And The Crypto Market? Despite another round of speculation linked to Elon Musk, DOGE has fallen below $0.09, reflecting a market more focused on risk reduction than hype-driven trades. The decline follows a short-lived reaction to Musk’s…

Crypto firms offered concessions on stablecoins, including reserve-sharing with banks, to ease tensions blocking a major digital asset bill. The crypto industry has reportedly proposed sharing stablecoin reserves with community lenders as it steps up efforts to win over skeptical banks. The move aims to preserve the stalled crypto market structure bill that could significantly alter the financial system. Deposit Fears and the Search For Compromise A Bloomberg report revealed that crypto firms have spent weeks trying to win over doubtful banks by offering new concessions focused on stablecoins, which have become the central point of disagreement. According to sources…

Talk about frenzied trading. On Thursday, BlackRock’s spot Bitcoin exchange-traded fund, tickered as IBIT, hit a wild record with over 284 million shares traded, per Nasdaq data. That’s a whopping $10 billion-plus in notional value.To put it in perspective, that smashed the old record of 169.21 million shares from Nov. 21 by a massive 169%.The record volume came as IBIT plunged 13% to under $35, the lowest since Oct. 11, 2024, extending the year-to-date loss to 27%. Prices peaked at a high of $71.82 in early October.The fund processed redemptions totaling $175.33 million on Thursday, accounting for 40% of the…

BitMEX, one of the safest exchanges, announced today the launch of Hyperliquid Copy Trading, giving its users the ability to copy the best Hyperliquid perps traders. The release allows traders to enjoy the best of both worlds, combining access to Hyperliquid’s best traders with the user experience and safety of the BitMEX platform. Hyperliquid Copy Trading marks a major expansion to BitMEX’s existing Copy Trading feature, which allows users to automatically replicate the trading strategies and positions of elite traders. This ensures access to the sharpest trader strategies without any exposure to underlying DeFi risk. Designed for effortless trading, BitMEX…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

Bitcoin price is experiencing one of the most dramatic selloffs in its history Thursday, sliding sharply through key support levels and sparking massive liquidations in the derivatives market.  According to Bitcoin Magazine Pro data, the world’s largest cryptocurrency crashed through critical floors, dipping towards the $62,000 floor, marking the largest raw dollar drawdown ever recorded for BTC. The October 2025 all-time high above $126,000 now sits roughly $63,000 above current bitcoin price levels, as panicked selling intensified across exchanges.  This drawdown is now 50% from all-time highs and places it alongside some of Bitcoin’s most extreme historical corrections, even greater…

Vitalik Buterin warns copy-paste Layer 2s and generic EVM chains are stalling Ethereum’s long-term scaling vision. Ethereum co-founder Vitalik Buterin has said that many new Layer 2 (L2) networks are repeating shallow design patterns, and warned that generic EVM chains with optimistic bridges are holding back meaningful progress. His comments extend the public debate over whether today’s L2 ecosystem still aligns with Ethereum’s original scaling goals. No More “Copypasta” EVM Chains In a February 5 post on X, Buterin argued that comfort and familiarity, not technical necessity, are driving many L2 launches, leading to copy-paste designs that add little beyond…

In brief IREN and CleanSpark shares fell sharply after both companies missed revenue estimates in their latest earnings reports. The results landed as Bitcoin contines its slide, amplifying pressure on publicly traded miners. Investors appeared focused on near-term execution and balance-sheet risk despite both companies’ push into AI infrastructure. Publicly traded Bitcoin miners IREN and CleanSpark saw their share prices drop sharply on Thursday, as disappointing quarterly results coincided with a broader crash across cryptocurrency markets.CleanSpark shares closed sharply lower, falling $1.95, around 19%, on the session, and were trading at $7.55 in after-hours trading. IREN shares fell $5.11, or…

Russia’s Moscow Exchange (MOEX) is moving to broaden which digital assets it tracks and trades. Reports say the exchange plans to roll out new indices and futures tied to XRP, Solana, and Tron this year. That will give traders ways to follow price moves without owning the coins directly. New Crypto Indices Planned According to local coverage, Maria Silkina, who runs the derivative products group at the exchange, outlined the expansion on a recent radio broadcast. MOEX already lists benchmarks for Bitcoin and Ethereum. Now the exchange is preparing indices that mirror three more of the bigger, actively traded tokens,…

The creator of Incognito Market, the online black market that used crypto as its economic heart, has been sentenced to 30 years in prison after some blockchain sleuthing led US authorities straight to the platform’s steward.The Justice Department said on Wednesday that a Manhattan court gave Rui-Siang Lin three decades behind bars for owning and operating Incognito, which sold $105 million worth of illicit narcotics between its launch in October 2020 and its closure in March 2024.Lin, who pleaded guilty to his role in December 2024, was sentenced for conspiring to distribute narcotics, money laundering, and conspiring to sell misbranded…