Author: 行政

Disclosure: This is a paid article. Readers should conduct further research prior to taking any actions. Learn more ›The cryptocurrency market has entered a renewed phase of volatility, with major digital assets including XRP, TRX, and BNB experiencing notable price corrections alongside broader market weakness. The downturn reflects a combination of macroeconomic pressure, reduced speculative activity, and ongoing reassessment of long-term network fundamentals across leading blockchain ecosystems.As prices across multiple Layer 1 platforms decline, market participants are increasingly shifting focus from short-term valuation toward infrastructure resilience, scalability, and real-world utility — areas that continue to shape the long-term trajectory of…

Tether invested US$150 million in Gold.com to integrate its XAUT gold-backed token and enable physical gold purchases using USDT and USAT stablecoins. The deal follows gold hitting record highs above US$5,000 per ounce, contrasting with Bitcoin’s 50% decline from its peak. Market performance highlights Bitcoin as a long-term hedge against monetary debasement rather than a short-term safe haven against immediate volatility. Tether is putting more money into gold, buying a US$150 million (AU$230 million) stake in Gold.com, which sells access to gold in two ways: traditional physical gold, and tokenised gold, a digital token on a blockchain that represents a…

Bitcoin has broken below the critical US$69,000 support level, the 2021 cycle peak, signaling potential further downside toward the US$58,000 to US$69,000 demand zone. The US$58,000 mark is a pivotal floor, aligning with both recent high-volume buying and the 200-week moving average, a level historically known to act as a bear market bottom. Technical indicators like the Weekly RSI dropping below 30 and a negative Adjusted NUPL suggest extreme market stress, conditions that often precede sharp short-term rebounds. Bitcoin breaking below US$69K (AU$99K) is important because that level was the 2021 peak, and old cycle highs often act as support…

Bitcoin’s (BTC) slide to as low as $60,233 overnight, before recovering somewhat to $65,443, has left most of the largest pure-play Bitcoin treasury companies deeply underwater on their holdings, with combined unrealized losses approaching $10 billion across eight entities that collectively control more than 850,000 BTC.The reckoning hits hardest at the top. Strategy, formerly MicroStrategy, holds 713,502 BTC at an average cost basis of $76,047 per coin, resulting in an unrealized loss of $6.85 billion at current prices.That’s a 12.6% drawdown on a treasury worth $47.4 billion at spot, but the company’s scale means every $1,000 move in Bitcoin’s price…

Bitcoin’s sharp decline has pushed prices toward levels that strain mining profitability across the network. Cost benchmarks signal pressure, but actual miner economics vary widely by scale and efficiency. Rising hashrate and weak fee revenue leave miners increasingly exposed to sustained price weakness. Bitcoin’s latest drawdown has intensified stress across the mining sector, with prices now roughly 50% below October highs and recent trading below US$63,000 (AU$90,720). The decline has raised questions over whether current market levels are compatible with prevailing production costs. A Checkonchain chart has added to those concerns by placing Bitcoin’s difficulty regression price around US$86,000 (AU$123,840),…

IREN and CleanSpark shares plummeted over 20% in combined trading sessions as Bitcoin fell below $64,000 and both companies missed quarterly revenue estimates. IREN reported a $155.4 million net loss driven by $219 million in unrealised hedging losses and impairment costs from transitioning its infrastructure from Bitcoin mining to AI Cloud computing. CleanSpark posted a $378.7 million net loss despite an 11.6% revenue increase, highlighting the financial strain of diversifying into AI infrastructure and digital asset management. Two former Bitcoin mining companies (now turned AI cloud computing platforms), IREN and CleanSpark, are having a rough time with Bitcoin’s recent drop…

US House Democrats, led by Californian Representative Ro Khanna, have launched an investigation into a UAE royal family-linked entity’s US$500 million investment into Trump-owned DeFi project, World Liberty Financial (WLFI). Khanna wrote to WLFI CEO, Zach Witkoff, seeking information about the deal including what exactly the UAE received, how profits are distributed, and how conflicts of interest were managed. Khanna wrote that the deal may have involved numerous crimes and potentially even breaches of the US Constitution. US House Democrats have launched an investigation into a reported US$500 million (AU$722m) investment made by an entity linked to the United Arab…

Strategy reported a $12.4 billion net loss for Q4 2025 after Bitcoin’s price drop triggered a $17.4 billion unrealised loss on its digital assets. The stock plummeted 17% to $106.99 as Bitcoin fell below $63,000, marking its sharpest decline since late 2024 and resulting in a 30% year-to-date loss. Over $1.4 billion in leveraged liquidations accelerated the market crash, though the company continues its aggressive acquisition strategy with a $2.1 billion purchase in January. Bitcoin’s selloff extended into the new week, and it hit Strategy at the worst possible time. The  company reported its Q4 2025  results as Bitcoin fell…

Gemini will cut about 200 roles and exit multiple international markets to reduce costs. Operations will concentrate on the U.S. and Singapore amid prolonged crypto market weakness. The exchange is increasingly prioritising prediction markets following its latest restructuring. Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is planning to reduce its global workforce by around 200 roles, representing roughly 25% of staff, as part of a broad cost-cutting effort. The company said the layoffs will affect employees across multiple regions, including Europe, the United States and Singapore. Alongside the job cuts, Gemini has approved plans to wind down…

Binance moved 42.8% of total spot volume over the past week but absorbed 79.7% of net selling pressure across five major exchanges, according to data from Traderview.The imbalance raises the question of whether a venue needs to handle “most of the market” to set prices for the whole market.The answer is no. A venue needs to be where the market most often determines the price.Between Feb. 2 and 3, Binance recorded the largest Bitcoin (BTC) inflows of the year, with roughly 56,000 to 59,000 BTC moving onto the exchange while Bitcoin traded near $74,000, according to CryptoQuant contributor Darkfost.At current…