Crypto World
BitMine Faces $7B Unrealized Loss as Ethereum Slides Below $2,100
BitMine Immersion Technologies, the Ethereum-treasury company led by Fundstrat’s Tom Lee, is facing intensifying pressure after a sharp drop in ether prices pushed the firm deep into unrealized losses. As of Feb. 5, Ethereum fell to a local low of $2,092, leaving BitMine’s holdings of roughly 4.285 million ETH with a paper loss exceeding $7 billion, -45% on its holdings.
The company pivoted from Bitcoin mining to an aggressive “Ethereum-first” treasury strategy last summer, accumulating ETH at an estimated average cost between $3,800 and $3,900. With ETH now trading more than 50% below its August 2025 all-time high of $4,946, BitMine’s once $8.4 billion portfolio is significantly underwater, placing it at the center of one of crypto’s largest single-asset corporate bets.
BitMine and Strategy Both Under Water as Bear Market Deepens
The market reaction has been swift. BMNR shares have fallen alongside ETH, reviving comparisons with Michael Saylor’s Bitcoin-focused firm, Strategy (MSTR). However, both companies are now under pressure. Strategy is currently sitting on an unrealized loss of roughly $2.70 billion on its Bitcoin holdings, based on an average purchase price of $76,052 and a current BTC price near $70,500. MSTR shares are down about 9% in the past eight hours, erasing roughly $3.7 billion in market value.
While BitMine’s losses are larger in absolute terms, analysts note that both firms highlight the risks of concentrated treasury strategies tied to volatile crypto assets.
Tom Lee Stays Bullish Despite Drawdown
Despite the “eye-watering” figures, Tom Lee remains publicly undeterred. Earlier this week, Lee described the drawdown as “a feature, not a bug,” arguing that Ethereum’s long-term fundamentals remain intact. He pointed to record daily transactions of around 2.5 million and rising active addresses as evidence that network usage is diverging from price action.
Lee attributed recent weakness to a post-October deleveraging cycle and capital rotation into precious metals. BitMine has continued to double down, recently adding another 41,000 ETH to its balance sheet, even as the Ethereum-treasury narrative faces its most severe stress test to date.
The post BitMine Faces $7B Unrealized Loss as Ethereum Slides Below $2,100 appeared first on Cryptonews.
BlackRock has moved millions of dollars in Bitcoin (BTC) and Ethereum (ETH) to Coinbase Prime, sparking speculation about its intentions. The transfer of approximately $170 million comes at a time when BTC is on a downward trend in the market. With the price of Bitcoin falling, questions have emerged regarding whether BlackRock is preparing to sell its assets or purchase more.
The transfer follows a series of similar moves in the past, adding to the ongoing market uncertainty. In January, BlackRock transferred $600 million in BTC and ETH to Coinbase, which later saw an outflow of $142 million. This has raised concerns about potential sell-offs, with some fearing BlackRock may be offloading assets in response to the market downturn. However, it remains unclear whether the funds are being moved for selling or for reinvestment purposes.
Bitcoin Price Continues to Struggle as ETF Outflows Persist
The price of Bitcoin has continued its decline, with the BTC price falling below $100,000 for the first time since April 2025. This comes as Bitcoin ETFs experience significant outflows, with total assets under management (AUM) for Bitcoin ETFs now standing at approximately $97 billion. The drop in the AUM is the lowest it has been in nearly two years.
BTC ETF funds, such as the ones managed by BlackRock, have seen daily outflows. Experts point out that these outflows coincide with the price of Bitcoin being well below the cost of creation for the ETFs. The cost of creating the ETFs stands at around $84,000 per Bitcoin. Given this disparity, there are concerns that the situation could lead to further declines in ETF investments.
While these ongoing outflows have raised concerns, it is important to note that the market is experiencing a wider trend of consolidation and realignment. Despite the challenges faced by Bitcoin ETFs, BlackRock is looking to expand its offerings. The firm has filed for a Bitcoin Premium Income ETF, signaling its continued interest in the cryptocurrency space.
Other Institutions Follow BlackRock’s Lead with Large Transfers
BlackRock is not the only institution to have moved large amounts of cryptocurrency to Coinbase. GameStop Holdings recently transferred all of its Bitcoin holdings, valued at around $450 million, to Coinbase. The transfer, however, was not without its challenges. The value of GameStop’s Bitcoin holdings has decreased by approximately $70 million from their initial purchase price.
GameStop’s move aligns with statements from its CEO, Ryan Cohen, who hinted that the company is looking to diversify its investment strategy. This decision reflects the broader trend of traditional financial institutions and corporations adjusting their positions in the crypto market. BlackRock’s latest move, paired with GameStop’s, could signal a shift in how these firms approach their digital asset portfolios.
This shift in strategy could have wider implications for the market as more institutions look to rebalance or shift their cryptocurrency holdings. While the future of Bitcoin and Ethereum remains uncertain, these movements show how large institutions are responding to ongoing market fluctuations.
Google’s Gemini AI leverages big data for its analyses, and when using a carefully structured prompt, the LLM generates eye-catching 2026 price projections for XRP, Ethereum, and Solana.
According to Gemini’s analysis, an extended crypto bull market combined with clearer and more constructive regulation in the United States could propel leading digital assets to fresh all-time highs faster than many market participants anticipate.
Below is Gemini’s projected outlook for the three biggest altcoins over the next eleven months.
XRP ($XRP): Gemini AI Predicts a Run Toward $8 by 2027
Ripple’s XRP ($XRP) began 2026 with strong upward momentum, gaining roughly 19% in the first week of the year. With the token currently trading around $1.55, Gemini estimates that a sustained bullish trend could push XRP as high as $8 by the end of 2026. That would represent gains of roughly 420%, more than quadrupling.
XRP was one of the top-performing cryptocurrencies last year. In July, it reached its first new all-time high (ATH) in seven years, surging to $3.65 after Ripple secured a decisive legal victory over the U.S. Securities and Exchange Commission.
That ruling removed a significant regulatory cloud hanging over XRP and helped calm broader concerns about altcoins getting treated as unlicensed securities
From a technical standpoint, XRP’s Relative Strength Index (RSI) currently sits near 26, placing it in oversold territory. This suggests the recent selloff may be nearing exhaustion, with buyers likely to step in over the weekend to accumulate at lower price levels.
Meanwhile, support and resistance lines throughout January form an unresolved bullish flag pattern. As XRP re-converges with its 30-day moving average, positive developments could ignite a gold rush in the coming weeks or months.
When combined with ETF inflows and expectations surrounding the U.S. CLARITY bill, a proposed comprehensive framework for crypto regulation, these factors suggest that Gemini’s target is largely conceivable.
Ethereum ($ETH): Gemini Sees an Easy 4x for Current HODLers
Ethereum ($ETH), the leading platform for smart contracts, decentralized applications, and decentralized finance, remains the foundational layer for much of the Web3 economy.
With a market capitalization of around $263 billion and over $59 billion in total value locked (TVL) across DeFi protocols, Ethereum serves as the primary hub of on-chain economic activity.
Its strong security history, dependable settlement layer, and early leadership in stablecoins and real-world asset tokenization position Ethereum favorably for deeper institutional adoption.
This trend could accelerate if U.S. lawmakers pass the CLARITY bill, providing the regulatory certainty institutions need to deploy capital using Ethereum-based infrastructure.
ETH is currently trading just below $2,172, with significant resistance expected near the $5,000 level after reaching an all-time high of $4,946.05 in August.
If Gemini’s bullish scenario materializes, a clear break above $5,000 could set the stage for multiple new highs this year, with potential upside targets ranging far beyond $8,000 in a bull run.
Solana (SOL): Gemini AI Suggests SOL Has 440% Upside by 2027
The Solana ($SOL) ecosystem now supports more than $7.2 billion in TVL and carries a market capitalization of around $53 billion, underpinned by consistent growth in both developer engagement and user adoption.
Investor interest in SOL has intensified following the introduction of Solana-based ETFs by major asset managers such as Bitwise and Grayscale.
After experiencing a sharp pullback in late 2025, SOL has spent recent months in the $130 to $145 support range until Greenland and Iran scares plunged the price down to the $90 to $100 support range. At $93, Solana appears to be in hot water, but its oversold RSI of 25 indicates a sharp bounce could begin before the weekend.
Under Gemini’s most bullish assumptions, Solana could climb to $500 by 2027. That scenario would imply approximately 440% upside from current prices and would place SOL well above its previous all-time high of $293, recorded last January.
Institutional adoption continues to reinforce Solana’s long-term outlook. The network is increasingly being used for real-world asset tokenization, with firms such as Franklin Templeton and BlackRock pointing to Solana’s expanding role within traditional financial infrastructure.
Maxi Doge (MAXI): Move Over Dogecoin! Memesville Has a New Alpha
While not included in Gemini’s core forecasts, Maxi Doge ($MAXI) has quickly become one of the most discussed meme coin presales of 2026, raising approximately $4.6 million ahead of its public debut.
The project features an over-the-top, high-energy parody mascot loosely inspired by Dogecoin (a distant relative, according to the lore), Maxi Doge combines gym-bro aesthetics with unapologetic degen humor.
Loud, exaggerated, and intentionally chaotic, Maxi Doge leans fully into the speculative spirit that originally fueled the meme coin boom.
MAXI is an ERC-20 token running on Ethereum’s proof-of-stake network, giving it a significantly smaller environmental footprint compared with Dogecoin’s proof-of-work model.
During the presale, buyers can stake MAXI tokens for yields of up to 68% APY, with rewards gradually decreasing as more tokens enter the staking pool.
The token is currently selling at $0.0002802 in the latest presale phase, with automatic price increases at each funding milestone. Purchase via MetaMask and Best Wallet.
Say goodbye to Dogecoin. Maxi Doge is the new alpha in Memesville!
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The post Google’s Gemini AI Predicts the Price of XRP, Ethereum and Solana By the End of 2026 appeared first on Cryptonews.
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The Bitcoin price has jumped by a fraction of a percentage in the last 24 hours to trade at $95,324, as spot Bitcoin ETFs saw a strong return recording $1.42 billion in net inflows over the past week.
ETF activity was heavily concentrated in the middle of the week. Data shows that Wednesday delivered the largest single-day inflow of approximately $844 million, followed closely by $754 million on Tuesday. Although momentum cooled toward the end of the week, including a notable $395 million outflow on Friday, the strong midweek buying was enough to push total weekly inflows to their highest level since early October. At that time, spot Bitcoin ETFs attracted around $2.7 billion, highlighting the scale of the renewed interest.
The latest inflow trend suggests that institutional investors are gradually returning to Bitcoin through regulated investment products after a period of caution. Vincent Liu, chief investment officer at Kronos Research, said that ETF inflows indicate long-only allocators re-entering the market. He added that ETF buying, combined with reduced selling from large Bitcoin holders, or whales, is helping tighten effective supply.
On-chain data shows whale selling pressure has eased compared to late December, reducing a key source of distribution and downside risk. Ethereum ETFs also posted positive inflows, though at more modest levels compared to Bitcoin. The strongest inflow day occurred on Tuesday, with approximately $290 million, followed by $215 million on Wednesday. However, late-week selling weighed on performance, with Friday seeing roughly $180 million in outflows, trimming total weekly inflows to around $479 million.
Despite the improved flow data, analysts remain cautious. Market observers note that short-lived spikes in ETF inflows have historically led to brief price rebounds rather than sustained rallies. Analysts argue that Bitcoin will likely need several consecutive weeks of strong and consistent ETF demand to support a durable uptrend. Without sustained inflows, price gains may continue to face resistance and fade during periods of weaker demand.
Bitcoin Price Consolidates Above Key Support After Bullish Breakout
Bitcoin (BTC) shows steady consolidation after a strong bullish breakout, according to the latest 4-hour chart, as price trades at $95,470 at the time of writing. The chart highlights a major support zone near the $86,000–$88,000 range, where Bitcoin previously formed a solid base.
This area acted as a demand zone, absorbing selling pressure and setting the stage for a rebound. From this level, BTC began forming a rounded bottom pattern, a classic bullish structure that often signals a gradual shift from bearish to bullish momentum. The bullish bias was confirmed after the price broke above a key resistance zone around $91,000–$92,000, labeled as a bullish breakout on the chart. Following the breakout, Bitcoin rallied sharply toward the $97,000–$98,000 area, where sellers temporarily stepped in. This level now acts as short-term resistance.
Currently, BTC is moving sideways just below resistance, suggesting healthy consolidation rather than weakness. Price is holding above the former resistance zone, which has now flipped into support around $94,500–$95,000. This behavior often indicates that buyers are defending higher levels while preparing for a possible continuation move.
BTCUSD Chart Analysis Source: Tradingview
The chart also marks a reward zone targeting the $100,000 psychological level, aligning with the projected take-profit area. A clean break and close above the $96,000–$97,000 resistance could open the door for a retest of six-figure prices in the near term.
Momentum indicators support this outlook, with the Relative Strength Index (RSI) is hovering around the mid-50s, indicating a neutral-to-bullish momentum. Notably, RSI is neither overbought nor oversold, leaving room for further upside if buying pressure increases.
The technical structure remains constructively bullish, as long as Bitcoin holds above the $94,000 support zone. A drop below this level could invite short-term pullbacks toward $92,000, but unless BTC loses the major support near $88,000, the broader trend continues to favor the bulls.
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Let’s have a look at some important PI price targets as the cryptocurrency continues to fall toward new all-time lows.
PI reached a new all-time low at 14.6 cents. Is this the bottom?
PI Network (PI) Price Predictions: Analysis
Key support levels: $0.15
Key resistance levels: $0.2
PI Downtrend Accelerates
PI closed January with a new all-time low after briefly touching $0.146. Since then, buyers have pushed the price above 15 cents, but this is unlikely to hold if the downtrend continues.
Worst, there is no sign of a possible bottom yet, especially when major market leaders such as BTC and ETH continue to fall.
Aggressive Selloff since the start of 2026
As soon as the new year started, PI bears intensified their presence on the orderbook with massive sell orders. This led to a sharp 25% crash in mid-January. This pressure appears to continue in February, as can be seen on the chart.
Daily RSI Extremely Oversold
The daily RSI has been in the oversold region (below 30) since the start of the year, and it has not moved out of it. This is an extremely bearish signal, but it does hint at a possible bounce in the future, since prices rarely remain in extremes for long.
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Should a bounce materialize later, watch the resistance at 20 cents, which could stop any relief rally.
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Bitcoin (BTC) fell below $70,000 on Thursday as suspicions over coordinated selling boiled over.
Key points:
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Bitcoin tumbles below 2021 highs for the first time since November 2024.
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Gold and silver volatility spark copycat BTC price maneuvers as lower targets stay in play.
-
Market participants say that large entities are selling BTC on a schedule.
Bitcoin collapses to $69,000 in fresh cascade
Data from TradingView captured new 15-month BTC price lows of $69,100 on Bitstamp during the Asia trading session.
The latest plunge marked Bitcoin’s first trip to the $60,000 range since early November 2024. In doing so, it sparked $130 million of crypto long liquidations over four hours, per data from monitoring resource CoinGlass.
Bitcoin moved in step with a flash reversal on precious metals.
Gold, which the day prior had seen a relief bounce to $5,100 per ounce, fell as low as $4,789 Thursday before again targeting the $5,000 mark.
Silver, meanwhile, gyrated between $90 and $73 per ounce as volatility stayed in control.
“$BTC has entered a key support zone,” trader CW warned in a post on X.
“If it fails to support the 69k level, another significant decline could occur.”
Earlier, traders gave various BTC price bottom targets of interest, with these including the area around $50,000. Directly below $69,000, meanwhile, lies the key 200-week exponential moving average (EMA) support trend line.
Reacting, crypto entrepreneur Alistair Milne agreed with observations from longtime trader Peter Brandt. Bitcoin, the latter argued, was the victim of “campaign selling.”
“Agree with this take. Someone enormous is unloading to a deadline,” Milne responded on X.
The post likened the current sell-side pressure to when the government of Germany distributed its BTC holdings to the market, suggesting that coins were being “handed over to OTC desks who simply execute.”
“For me it started 14th Jan,” he added.
Coinbase Premium undercuts Liberation Day low
Nic Puckrin, CEO of crypto education resource Coin Bureau, likewise flagged “large selling” by whales during US hours.
Related: Bitcoin, crypto ‘winter’ soon over, says Bitwise exec as gold retargets $5K
As Cointelegraph reported, the negative Coinbase Premium, which measures the difference in price between Coinbase’s BTC/USD and Binance’s BTC/USDT pairs, highlighted the lack of overall US Bitcoin demand.
“The Coinbase Premium is the lowest it has been in over a year. It’s even lower than post liberation day tariffs,” Puckrin noted.
He added that selling pressure would continue until the premium changed course.
Charles Edwards, founder of quantitative Bitcoin and digital asset fund Capriole Investments, said that “OG” whales were behaving as if BTC/USD were at all-time highs.
Bitcoin’s at $72K and the OG whales continue to dump like we’re still at $125K pic.twitter.com/prL68L8Lhi
— Charles Edwards (@caprioleio) February 5, 2026
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
As the XTI/USD chart shows, the price of a barrel rose above $65 yesterday, reacting to the risk of talks between Iran and the United States on the nuclear deal breaking down. These negotiations could begin on Friday.
According to Axios, Arab world leaders have urged Donald Trump not to follow through on his threats to withdraw from the talks and shift towards military action after demands put forward by Iran. This news prompted a pullback in prices below $64.
The news backdrop is further complicated by conflicting reports regarding India’s refusal to purchase Russian oil, alongside other global factors. All of this is contributing to heightened volatility in the oil market, a trend also confirmed by the ATR indicator.
Technical Analysis of XTI/USD
On 14 January, we:
→ analysed swings in WTI crude prices to identify a breakout from a descending channel (shown in red) and outline an upward trajectory (shown in blue);
→ noted that the breakout level (around $58.35) was acting as support;
→ suggested that the market was vulnerable to a corrective move.
Indeed, on the same day (as indicated by the blue arrow), the price formed a bearish impulse towards this support, where the market found some balance.
However, geopolitical developments since the second half of January have supported higher prices, providing grounds to draw a broad ascending channel (shown in purple). In this context:
→ its lower boundary is acting as support, with the long lower wick on the 3 February candle confirming aggressive buying interest;
→ the $65 level appears to be a key resistance. Broad price swings formed there on 29–30 January — a sign of “smart money” activity — after which prices declined. Yesterday, the market again reversed sharply from this level.
It is therefore reasonable to assume that this resistance will pose a significant hurdle for bulls if they attempt to keep prices within the ascending purple channel. At the same time, the further direction of WTI oil price movements will most likely be determined by developments surrounding Friday’s Iran–US nuclear talks in Oman.
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Crypto-linked cards are emerging as a key channel for stablecoin usage, with annualized volumes now catching up to peer-to-peer on-chain transfers.
Crypto-linked payment cards have become one of the fastest-growing bridges between stablecoins and everyday commerce, according to Artemis, a blockchain analytics firm.
In a Jan. 15 research report compiling estimates from on-chain settlement data and card network disclosures, Artemis found that monthly crypto card volume surged from about $100 million in early 2023 to more than $1.5 billion by late 2025.
“Annualized, the market now exceeds $18 billion, rivaling peer-to-peer stablecoin transfers ($19 billion), which grew just 5% over the same period,” the report reads.
While crypto cards can be funded with a range of assets, the report notes that Circle’s USDC and Tether’s USDT account for nearly 96% of deposited collateral on cards issued via Rain, an infrastructure platform that enables businesses to issue Visa cards.
Visa has also emerged as the dominant payment network in the sector, capturing more than 90% of on-chain card volume despite having a similar number of programs as Mastercard. As Artemis explains, this divergence is likely thanks to Visa’s “early partnerships with infrastructure providers.”
Visa’s stablecoin-linked card spending alone reached a $3.5 billion annualized run rate in late 2025, growing about 460% year over year, according to the report.
A geographic breakdown of stablecoin usage shows India and Argentina as “true global outliers,” where USDC accounts for 47.4% and 46.6% of usage, respectively.
By comparison, USDT dominates stablecoin activity across most other markets, including Turkey, China and Japan, according to the data.
However, even with the rapid growth of crypto cards, Artemis doesn’t expect direct crypto acceptance to fully replace card networks in the near term, citing their “slow relative growth in volume in comparison to cards.”
Bitcoin clawed its way back above $71,000 on Thursday after a sharp selloff earlier in the day dragged prices briefly below the $70,000 mark, mirroring tentative stabilization across global markets.
The move came as a broader rout in technology stocks showed signs of fatigue. Futures tied to the Nasdaq 100 edged higher after two bruising sessions that erased the index’s gains for the year, while European stocks steadied and Asian markets trimmed losses.
Bitcoin had fallen as much as 7% over the previous 24 hours as investors reduced risk across assets tied to growth and leverage. The slide coincided with renewed pressure in precious metals, where silver plunged as much as 17%, extending a brutal reversal after last month’s record rally.
Gold also slipped, underscoring how quickly speculative trades across markets have been unwound.
In crypto, the bounce above $71,000 appears more like short covering than a renewed rush of buyers. Trading volumes remain elevated, but demand in the spot market has thinned, according to analysts.
Stablecoin balances on exchanges have also been drifting lower, suggesting fresh capital is staying on the sidelines rather than stepping in aggressively on dips.
Macro uncertainty continues to weigh on sentiment. Investors are recalibrating expectations around US interest rates amid speculation over Federal Reserve leadership and the risk of a stronger dollar, which typically pressures assets like bitcoin that thrive on easy liquidity.
Some firms remain cautious. Galaxy Digital has warned that, without a clear catalyst, bitcoin could still revisit lower levels if selling resumes.
Others see the bulk of the drawdown as already behind the market, with estimates clustering around a potential bottom in the low-to-mid $60,000 range.
Crypto World
CFTC Formally Withdraws Biden-Era Proposal to Ban Sports and Political Prediction Markets
The agency called the 2024 rule a “frolic into merit regulation” and said it will pursue new rulemaking grounded in the Commodity Exchange Act to provide clarity for prediction market operators.
Commodity Futures Trading Commission Chairman Michael S. Selig has formally withdrawn a 2024 notice of proposed rulemaking that would have banned political, sports and war-related event contracts, marking the clearest signal yet that the agency intends to regulate prediction markets rather than restrict them.
Key Takeaways:
– The CFTC scrapped both its 2024 proposal to ban event contracts and a 2025 staff advisory that had warned firms away from sports-related markets.
– Chairman Selig dismissed the earlier ban as a politically driven “frolic into merit regulation” and committed to building a new rules-based framework.
– The move lands as Kalshi, Polymarket and Coinbase fight a wave of state lawsuits alleging their sports contracts amount to unlicensed gambling.
The agency also rescinded CFTC Staff Letter 25-36, a September 2025 advisory that had warned regulated entities to exercise caution when facilitating sports-related event contracts due to ongoing litigation. In the remarks following the decision, Selig said:
“The 2024 event contracts proposal reflected the prior administration’s frolic into merit regulation with an outright prohibition on political contracts ahead of the 2024 presidential election.”
The CFTC does not intend to issue final rules under the withdrawn proposal, according to the press release.
Instead, the commission will advance a new rulemaking framework anchored in the Commodity Exchange Act, aiming to establish clear standards for event contracts and provide legal certainty for exchanges and intermediaries.
Selig Frames Withdrawal as First Step Toward Comprehensive Event Contracts Rulemaking
The announcement follows remarks Selig delivered on January 29 at a joint CFTC-SEC harmonization event alongside Securities and Exchange Commission Chairman Paul Atkins. As reported, Selig used his first public speech as chairman to outline a broader reset of the agency’s approach to prediction markets.
“For too long, the CFTC’s existing framework has proven difficult to apply and has failed our market participants,” Selig said. “That is something I intend to fix by establishing clear standards for event contracts that provide certainty to market participants.”
Selig also directed staff to reassess the commission’s participation in pending federal court cases where jurisdictional questions are at issue, signaling that the CFTC may intervene to defend its exclusive authority over commodity derivatives.
Prediction Market Platforms Navigate Booming Growth and State-Level Legal Battles
The withdrawal arrives as prediction markets experience rapid expansion and intensifying regulatory friction. Combined trading volumes on Polymarket and Kalshi, the two largest platforms, reached $37 billion in 2025, drawing in major exchanges eager to compete.
Coinbase launched prediction markets through a partnership with Kalshi, a federally regulated designated contract market, in late January. Crypto.com recently spun out its prediction business into a standalone platform called OG. Polymarket returned to the U.S. market in December after receiving CFTC no-action relief, and Gemini secured a designated contract market license for its Titan platform.
Gemini Clears Key CFTC Approval to Launch Prediction Market Platform in US
Billionaire Winklevoss twins’ Gemini Space Station received a key nod from the US Commodity Futures Trading Commission (CFTC) to launch its betting platform ‘Gemini Titan’ to US customers.
The crypto…— Cryptonews.com (@cryptonews) December 12, 2025
Meanwhile, state gaming regulators have pushed back. Nevada filed a civil enforcement action against Coinbase this week, arguing that event contracts tied to sports constitute unlicensed gambling. Coinbase has sued regulators in Michigan, Illinois and Connecticut over similar claims.
The NCAA has also urged the CFTC to halt college sports prediction trading, warning that the sector exposes student-athletes to integrity risks and operates outside state-level safeguards.
Selig, who was sworn in on December 22, has not provided a firm timeline for the new rulemaking, but positioned event contracts as a priority alongside the agency’s broader “Project Crypto” initiative with the SEC.
The post CFTC Formally Withdraws Biden-Era Proposal to Ban Sports and Political Prediction Markets appeared first on Cryptonews.
US-based spot Bitcoin exchange-traded fund (ETF) holders are showing relatively firm conviction despite a four-month Bitcoin downtrend, according to ETF analyst James Seyffart.
“The ETFs are still hanging in there pretty good,” Seyffart said in an X post on Wednesday.
While Seyffart said that Bitcoin (BTC) ETF holders are facing their “biggest losses” since the US products launched in January 2024 — at a paper loss of around 42% with Bitcoin below $73,000 — he argues the recent outflows pale in comparison to the inflows during the market’s peak.
Bitcoin ETF holders are “underwater and collectively holding.”
Before the October downturn, spot Bitcoin ETF net inflows were around $62.11 billion. They’ve now fallen to about $55 billion, according to preliminary data from Farside Investors.
“Not too shabby,” Seyffart said.
Meanwhile, investment researcher Jim Bianco said in an X post on Wednesday that the average spot Bitcoin ETF holder is 24% “underwater and collectively holding.”
Bitcoiners are being “very short-sighted.”
Crypto analytics account Rand pointed out in an X post on Tuesday that this is “the first time in history there have been three consecutive months of outflows.”
The extended outflows come as Bitcoin’s spot price has fallen 24.73% over the past 30 days, trading at $70,537 at the time of publication, according to CoinMarketCap.
Some analysts argue that Bitcoin investors are overlooking the bigger picture.
Related: XRP traders more optimistic as BTC, ETH mood turns sour: Santiment
ETF analyst Eric Balchunas said on Jan. 28 that Bitcoiners are being “very short-sighted,” given that Bitcoin’s performance since 2022 has been up over 400%, compared with gold at 177% and silver at 350%.
“In other words, bitcoin spanked everything so bad in ’23 and ’24 (which ppl seem to forget) that those other assets still haven’t caught up even after having their greatest year ever and BTC being in a coma,” Balchunas said.
Meanwhile, CryptoQuant CEO Ki Young Ju said in an X post on Wednesday that “every Bitcoin analyst is now bearish.”
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Business6 days ago
Entergy declares quarterly dividend of $0.64 per share
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