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Buterin argued that many Layer 2s no longer meaningfully inherit Ethereum security. Ethereum co-founder Vitalik Buterin said recent developments mean the original conception of Layer 2 scaling within the ETH ecosystem is no longer viable. He said that the progress among many L2 networks has fallen short of earlier expectations, while the mainnet continues to scale directly. Slow Progress, Low Fees In a recent post on X, Buterin pointed to two important realities reshaping the debate. First, there is the slow and difficult progress of L2s toward “stage 2” decentralization and interoperability, and the fact that Ethereum’s mainnet has already…

Bhutan moved $22.4 million in Bitcoin out of sovereign wallets this week, including a direct transaction to institutional market maker QCP Capital. The Himalayan nation’s crypto portfolio has dropped from a $1.4 billion peak to about $412 million.The outflows continue a pattern of periodic liquidations by the Royal Government of Bhutan, which began mining and holding Bitcoin in 2019. These recent transactions highlight questions facing sovereign crypto strategies amid ongoing market pressures.Sponsored SponsoredRecent Bitcoin Sales and Transaction PatternsBlockchain analytics platform Arkham confirmed the Bitcoin sales. Two major outflows came from Druk Holding Investments (DHI), Bhutan’s sovereign investment arm. The transactions…

A U.S. House investigation is probing whether World Liberty Financial, a Trump-associated crypto venture, and its dollar-pegged token became entangled with foreign sovereign capital and U.S. technology policy.The move follows a Wall Street Journal report that an Abu Dhabi-linked entity secretly agreed to buy a 49% stake in World Liberty Financial for $500 Million shortly before President Donald Trump’s inauguration in early 2025.Rep. Ro Khanna (D-Penn), ranking member of the House Select Committee on the Chinese Communist Party – a temporary U.S. House panel that investigates and studies how China affects U.S. interests – has sent a formal letter demanding…

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…

Silver sank as much as 17% in the past 24 hours, wiping out a two-day rebound as the metal struggled to find a floor after last week’s historic rout. The move dragged gold and copper lower as well, extending an unwind that traders say has been magnified by thin liquidity and heavy speculative positioning.The renewed drop is also showing up on crypto rails. On Hyperliquid, one of the larger liquidation prints tied to tokenized silver was a forced close of roughly $17.75 million in XYZ:SILVER, with about $16.82 million of that coming from long positions, according to trade data shared…

In brief An alleged ransom note demanding millions in Bitcoin has surfaced in the investigation into Nancy Guthrie’s disappearance. The Pima County Sheriff’s Office said it is reviewing all tips and coordinating with the FBI, but declined further comment. Authorities believe Guthrie was abducted and are treating the case as a criminal investigation. An alleged ransom note demanding Bitcoin has surfaced in the investigation into the disappearance of Nancy Guthrie, the 84-year-old mother of Today show anchor Savannah Guthrie, as authorities continue to treat the case as a suspected abduction.The note, first reported by TMZ, is allegedly demanding “a large”…

Strategy (formerly MicroStrategy) is set to report Q4 2025 earnings after market close on February 5, making Bitcoin’s struggle to hold the $76,000 level more than a technical battle.Bitcoin’s price is now directly shaping the company’s earnings narrative, investor sentiment, and the credibility of its leveraged Bitcoin treasury model.Bitcoin’s $76,000 Technical Support Bears Balance-Sheet Consequences for StrategyAs of this writing on February 4, Bitcoin is trading at $76,645 after briefly dipping to an intra-day low of $72,945 in the previous session.Bitcoin (BTC) Price Performance. Source: TradingViewSponsored SponsoredThe move has pushed Bitcoin uncomfortably close to Strategy’s average acquisition cost of $76,052…

In brief The Nevada Gaming Control Board has filed a complaint seeking to stop Coinbase from offering event contracts on sports and elections. Board Chairman Mike Dreitzer stated the action “reinforces” the agency’s obligation to protect Nevada citizens and operate a thriving gaming industry. The enforcement follows a similar action against Polymarket and Kalshi. The Nevada Gaming Control Board filed a civil enforcement action against Coinbase Financial Markets on Monday, seeking to block the CFTC-registered exchange from offering event-based contracts on sports and elections to Nevada residents without state gaming licenses.Coinbase launched its prediction markets product to U.S. customers last…

The company’s founder and CEO, Igor Runets, was placed under house arrest in connection with multiple tax evasion charges. BitRiver, Russia’s largest Bitcoin miner, is on the verge of collapse amid mounting financial and legal problems. Courts have placed its parent company, Fox Group of Companies, under observation as debts and unpaid obligations pile up. One of the disputes driving the court action involves Infrastructure of Siberia. The company is seeking more than $9 million after BitRiver failed to deliver mining equipment. The case stems from a large advance payment for hardware that was never supplied. This led to a…

Two leading prediction market platforms, Polymarket and Kalshi, have both turned to giving away groceries amid a fight for dominance in the fast-growing prediction markets space. Kalshi offered a $50 grocery giveaway to over 1,000 people in Manhattan on Tuesday, while competitor Polymarket announced plans to open a free grocery store starting next week.Thousands have already picked up their free Kalshi groceries!We are being told we’ve already inspired other companies to keep up the initiative!2 more hours to get yoursWestside Market | 84 3rd Ave. NYC pic.twitter.com/8R11OGODLu— Kalshi (@Kalshi) February 3, 2026 Kalshi and Polymarket have led the pack in…