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Gemini to Exit UK Market, Shifts Accounts to Withdrawal-Only From March 5

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Gemini to Exit UK Market, Shifts Accounts to Withdrawal-Only From March 5

Gemini has announced it will cease operations in the United Kingdom, marking another high-profile exit as the country transitions to a stricter regulatory regime for digital asset firms.

In a notice sent to customers, Gemini said UK operations will formally end on 6 April 2026, with all UK customer accounts placed into withdrawal-only mode from 5 March 2026.

The exchange advised users to either transfer assets to an external wallet or offboard via a partner platform ahead of the deadline.

Accounts Shift to Withdrawal-Only Mode

Under the transition plan, Gemini said customers will no longer be able to trade or make new deposits after 5 March. Users who wish to liquidate crypto holdings into fiat must do so before that date, while all crypto and fiat withdrawals must be completed by 6 April.

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As part of the offboarding process, Gemini has partnered with eToro, offering customers the option to open an eToro account to assist with transferring assets. Gemini also urged users to cancel recurring orders and begin unstaking any staked assets ahead of the shutdown.

The company warned customers to remain vigilant against potential scams, stating that Gemini representatives will not contact users directly by phone or text during the transition.

Regulatory Pressure in the UK Market

Gemini’s exit comes as the UK moves from an interim crypto registration regime into full authorisation under the Financial Services and Markets Act (FSMA). The shift represents a material tightening of expectations around governance, operational resilience, and senior management accountability for digital asset firms operating in the country.

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While the UK has positioned itself as open to financial innovation, the new framework introduces deeper regulatory scrutiny and ongoing supervisory engagement — a dynamic that has prompted several global crypto firms to reassess their UK footprint.

A Selective Regime Takes Shape

“Gemini’s decision to exit the UK raises a bigger question than any single firm’s strategy,” said one industry observer. “What does participation look like once the UK moves from a registration regime into full FSMA authorisation?”

The transition, they noted, is not merely about meeting higher standards on paper, but about sustained oversight, historical scrutiny, and personal accountability at the senior management level. For global firms, the calculus increasingly hinges on whether the UK market justifies that level of regulatory exposure in a fast-evolving sector. Some firms will decide the trade-off makes sense. Others may not.

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Implications for the UK Crypto Landscape

Gemini’s departure does not necessarily signal failure of the UK’s regulatory approach, but it does suggest the regime is intentionally selective. As authorisation moves from theory into delivery, success may depend less on scale and more on regulatory experience, judgement, and willingness to operate under continuous supervision.

Gemini was contacted for comment at press time but did not respond.

The post Gemini to Exit UK Market, Shifts Accounts to Withdrawal-Only From March 5 appeared first on Cryptonews.

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How to achieve a stable daily income through WPA Hash mining in 2026

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How to achieve a stable daily income through WPA Hash mining in 2026 - 2

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

WPA Hash cloud mining gains attention in 2026 as investors seek stable crypto income beyond price swings.

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Summary

  • In 2026, crypto investors are shifting from trading to WPA Hash cloud mining for stable, contract-based daily income.
  • WPA Hash lets users earn daily crypto returns via computing power, avoiding hardware hassle and frequent trading.
  • Cloud mining gains traction as investors seek structured, low-risk crypto income beyond market price fluctuations.

In 2026, after several rounds of volatility, the cryptocurrency market is gradually becoming more structured and rational. For many investors, simply relying on price fluctuations is no longer the only option; how to obtain a relatively stable cash flow while controlling risk has become a new focus.

It is against this backdrop that someone would begin to explore and try participating in the operation of cryptocurrency networks through WPA Hash cloud mining, hoping to explore a long-term income model that does not rely on frequent trading and is based on a computing power mechanism.

How to achieve a stable daily income through WPA Hash mining in 2026 - 2

From active trading to passive computing power participation

The first thing that anyone who gets in contact with cryptocurrencies focuses on is to earn profits by buying and selling cryptocurrencies. However, as market volatility increased, they gradually realize that rather than frequently judging price direction, it is better to let assets operate continuously through computing power, forming a more stable cash flow structure.

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The cloud mining model provided by WPA Hash is based on this logic: users do not need to purchase mining machines or maintain hardware; they only need to allocate computing power through the platform to participate in the mining process of mainstream cryptocurrency networks, and the income is settled daily according to the contract rules. How is the “daily fixed income” achieved?

In actual use, the overall process of WPA Hash is relatively clear:

Step 1: Register an Account

Users register an account through the official platform and receive a $15 new user reward upon completing the basic process.

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Step 2: Select a BTC Cloud Mining Contract

The platform offers Bitcoin cloud mining contracts with different hashrate levels and periods, covering various options from small-scale trials to high-hashrate participation.

Step 3: Automatic Hashrate Management

After contract activation, the platform centrally allocates hashrate resources to participate in the Bitcoin network operation; users do not need to intervene in the technical aspects.

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Step 4: Daily Earnings Settlement

Earnings are settled daily in BTC or equivalent assets; relevant data can be viewed in the user’s backend.

Cloud mining contract examples (platform showcase)

New User Experience Contract

Investment: $100 | Term: 2 days | Daily Yield: $3

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Maturity Yield: $100 + $6

Basic Computing Power: 1659 | Investment: $500 | Term: 5 days | Daily Yield: $6

Maturity Yield: $500 + $30

Medium Computing Power: Project 2747

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Investment: $3,000 | Term: 18 days

Daily Yield: $42

Maturity Yield: $3,000 + $756

Medium Computing Power: Project 2938

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Investment: $5,000 | Term: 22 days

Daily Yield: $75

Maturity Yield: $5,000 + $1,650

Classic Computing Power: Project 4834

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Investment: $58,000 | Term: 38 days

Daily Yield: $1,131

Maturity Yield: $58,000 + $42,978

Yields are settled automatically daily. Principal is returned upon contract maturity. Specific yields depend on real-time platform data. Click here for more contract details.

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How to achieve a stable daily income through WPA Hash mining in 2026 - 3

Why WPA Hash?

After comparing multiple platforms, many investors ultimately chose WPA Hash for long-term use, primarily based on the following considerations:

  • No hardware or maintenance costs: Avoids mining machine depreciation, electricity, and operational issues.
  • Multi-currency hashrate support: Allows for flexible adjustments to participation based on market conditions and personal preferences.
  • High degree of automation: Yield settlement and data display are highly automated.
  • Relatively clear transparency: Contract rules, cycles, and settlement logic are clear.

In conclusion

WPA Hash mining isn’t about “changing a financial situation overnight,” but rather using it as part of a crypto asset system to balance risk and return. Achieving a relatively stable daily income without constant monitoring or frequent trading is precisely the initial motivation for choosing cloud mining.

For users seeking to reduce operational burden and pursue long-term stable returns, participation in computing power may be a worthwhile area of ​​research.

For more information, please visit the official platform.

Email: [email protected]

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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Heads Up! Bitcoin Enters Capitulation Mode, Trades In a ‘Phase That Rewards Discipline Over Prediction’

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Heads Up! Bitcoin Enters Capitulation Mode, Trades In a ‘Phase That Rewards Discipline Over Prediction’

Bitcoin (BTC) has entered a key capitulation phase, analysts argue. However, positioning, discipline, and risk management now matter much more than price predictions.

Additionally, BTC is now moving through a sustained reset rather than a brief correction. This may last for months to come, analysts note.

That said, amid macro uncertainty, institutional outflows, declining liquidity, compressed volatility, and dampened risk appetite, Bitcoin as a barometer for broader capital sentiment is on the rise.

At the time of writing (Thursday, 14:00 UTC), BTC was trading at $69,313, having dropped 7.9% in a day.

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TLDR:
  • The crypto market is now in full capitulation mode;
  • BTC is no longer in short-term correction;
  • It needs to defend the $70,000 threshold;
  • The $55,700-$58,200 zone is on the table;
  • Bitcoin OGs who are doing most of the selling;
  • Macro uncertainty and risk sentiment are currently driving flows;
  • If liquidity improves and key support holds, Bitcoin could stabilise;
  • BTC serves as a barometer of whether capital is willing to re-engage with higher-risk assets;
  • The crypto market is unlikely to decouple from macro-driven risk pricing.
  • ‘Bitcoin Capitulation’

    Nic Puckrin, investment analyst and co-founder of Coin Bureau, commented on BTC’s recent and major pullback, particularly its fall to the $70,000 level.

    “As Bitcoin continues its slide toward the psychological barrier of $70,000, it’s clear the crypto market is now in full capitulation mode,” he said.

    Per Puckrin, based on data provided by previous cycles, the current situation is “no longer a short-term correction, but rather a transition from distribution to reset.” These typically take months, not weeks, he warns.

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    The analyst now expects BTC to fight to defend the $70,000 threshold. If it breaks below, it could proceed lower towards its bear market low around the $55,700-$58,200 territory.

    Source: TradingView

    Meanwhile, Puckrin also noted that the market is slipping as Bitcoin whales are going for large-scale selling. At the same time, institutional outflows are increasing.

    Yet, while Bitcoin exchange-traded funds (ETFs) are seeing negative flows, the majority of ETF holders are sitting on paper losses. It is Bitcoin OGs who are doing most of the selling, Puckrin says, citing Bloomberg data.

    “This is Bitcoin’s institutionalisation in action,” the analyst concludes.

    ‘Discipline Over Prediction’

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    Nic Roberts-Huntley, CEO and co-founder of Blueprint Finance, argues that Bitcoin’s latest drop doesn’t suggest a fundamental breakdown in demand. Instead, it reflects a broader risk-off sentiment across markets.

    The number one coin has struggled to hold key technical levels. Liquidity dried up and forced liquidations intensified, the CEO said.

    Additionally, macro uncertainty and risk sentiment are currently driving flows, as evidenced by the demand for precious metals and other traditional hedges.

    “That said, if macro clarity returns, liquidity improves, and key support holds, Bitcoin could stabilise and set the stage for a recovery rally later in the cycle,” Roberts-Huntley wrote.

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    “In the near term, traders and investors should be watching whether BTC can defend the mid-$70,000s and reclaim the $78,000–$80,000 zone.” These are key levels to monitor.

    Meanwhile, Tony Severino, market analyst at YouHodler, wrote that the common theme across markets this week “is not direction, but compression.”

    Bitcoin is “locked in one of the tightest volatility regimes in its history.” At the same time, currency volatility is rising even as the dollar softens, and metals are holding extreme levels without breaking.

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    “These conditions tend to frustrate short-term participants, but they also signal that markets are working off time rather than trend,” Severino wrote.

    “For crypto investors, this is a phase that rewards discipline over prediction.”

    He argued that macro forces are shifting, while technical structures across assets suggest that resolution is nearing. Timing, though, is still unclear.

    “When volatility expands from these conditions, history suggests the move is unlikely to be subtle. Until then, patience, positioning, and risk management remain the real edge,” the analyst concluded.

    ‘Bitcoin Serves as a Barometer’

    Bitunix analysts identified renewed tensions in the Middle East, as well as the AI-sector-fuelled “repricing-driven selloff” in technology stocks, as major factors affecting markets.

    When it comes to BTC specifically, it retraced 45% from last year’s high of $126,080. The overall market pullback suggests that “the excess risk premium accumulated earlier has been systematically squeezed out.” Subsequently, this has led to market sensitivity to liquidity conditions, as well as elevated uncertainty.

    Additionally, “Bitcoin is increasingly viewed as a result indicator of whether markets are willing to reabsorb risk,” the analysts say. In other words, BTC “serves as a barometer of whether capital is willing to re-engage with higher-risk assets.”

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    If the cryptocurrency manages to reclaim $75,000 and remain structurally stable there amid mounting macro uncertainty, it would imply that the market’s pricing of systemic liquidity risk remains restrained.

    However, a sustained break below $75,000 would indicate that risk appetite has yet to recover.

    That said, “as long as global capital remains defensively positioned and structural deleveraging is incomplete, the crypto market is unlikely to decouple from macro-driven risk pricing,” the analysts argue.

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    Market participants should continue to monitor geopolitical tensions and assess the risk of escalation into conflict. Another factor is that the technology sector repricing could potentially trigger a broader balance-sheet contraction across asset classes.

    The post Heads Up! Bitcoin Enters Capitulation Mode, Trades In a ‘Phase That Rewards Discipline Over Prediction’ appeared first on Cryptonews.

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    How Vietnamese users choose crypto exchanges when buying with VND in 2026

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    How Vietnamese users choose crypto exchanges when buying with VND in 2026 - 2

    Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

    Vietnam’s crypto market grows fast in 2026 as users focus on choosing the right exchange for their needs.

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    Summary

    • Vietnamese crypto beginners favor HIBT for clear onboarding, VND payments, and simple spot trading in 2026.
    • HIBT simplifies early crypto adoption in Southeast Asia, emphasizing transparency, ease of use, and beginner-friendly trades.
    • Amid Vietnam’s grey-area regulations, users choose exchanges like HIBT that highlight clarity, security, and straightforward fees.

    Vietnam remains one of Southeast Asia’s fastest-growing cryptocurrency markets. High mobile banking penetration, a tech-savvy retail user base, and sustained interest in digital assets have shaped how Vietnamese users interact with crypto platforms. By 2026, the core question for most users is no longer whether crypto can be accessed with Vietnamese dong (VND), but how to choose the right exchange for their specific needs.

    Unlike mature markets where users often rely on a single platform, crypto adoption in Vietnam is more fragmented. Exchange selection is typically driven by access method, experience level, and intended use, rather than brand size alone.

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    Access comes before platform

    For VND users, the most critical factor is how local currency is converted into crypto. In practice, most users follow one of three common paths:

    • Using fiat on-ramps or third-party payment providers
    • Buying crypto through peer-to-peer (P2P) marketplaces
    • Starting with region-oriented platforms designed to simplify onboarding

    This explains why the concept of a single “best exchange” can be misleading. Different platforms often serve different roles across the user journey.

    Global exchanges: Liquidity and market depth

    Large global exchanges such as Binance and OKX are widely used in Vietnam, particularly after users have already converted VND into crypto. These platforms are valued for their liquidity, broad asset coverage, and advanced trading infrastructure.

    However, access to these exchanges frequently relies on P2P markets or external payment channels. While this setup works well for experienced users, it can introduce additional complexity for beginners who are still learning how crypto transactions function.

    Platforms for experienced traders

    Some users prioritize execution speed, derivatives access, and advanced trading tools. Platforms like Bybit are often chosen by traders who already understand order types, risk management, and custody considerations.

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    For these users, fiat onboarding is treated as a functional step rather than a core experience. This model is effective for seasoned participants but may be less suitable for first-time buyers.

    Region-oriented exchanges and the beginner entry point

    How Vietnamese users choose crypto exchanges when buying with VND in 2026 - 2

    A growing segment of Vietnamese users focuses on minimizing complexity during the early stages of crypto adoption. These users often prefer platforms that emphasize clear onboarding, localized payment flows, and spot trading, rather than feature-heavy environments.

    One example of this category is HIBT, a region-oriented exchange serving Southeast Asian users. Instead of competing on advanced trading features, HIBT focuses on simplifying the path from registration to the first trade, making it more accessible for users without professional trading backgrounds. This positioning reflects a broader trend in emerging markets, where ease of use and transparency increasingly influence platform choice.

    More information about HIBT’s platform approach and user positioning can be found in this Best Crypto Exchange for Beginners (2026 Guide), which outlines how beginner-oriented exchanges structure onboarding and early trading experiences.

    Regulation and risk awareness in Vietnam

    As of 2026, cryptocurrency in Vietnam operates within a regulatory grey area. While digital assets are not recognized as legal tender, individuals are generally allowed to hold and trade crypto at their own risk. This environment places greater responsibility on users to understand platform mechanics, fees, and security practices.

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    As a result, many Vietnamese users prioritize exchanges that provide visible pricing, straightforward interfaces, and clear risk exposure, especially when buying crypto with VND.

    How Vietnamese users typically buy Bitcoin

    In practice, buying Bitcoin in Vietnam usually involves a process rather than a single platform:

    1. Converting VND into crypto through fiat on-ramps or P2P markets
    2. Executing spot trades on an exchange aligned with the user’s experience level
    3. Managing custody by keeping assets on-platform or transferring to self-custody wallets

    Tools that provide transparent market data and decision frameworks also play an important role in helping users make informed choices. For many beginners, understanding how to choose a crypto exchange based on usability rather than hype is often more important than comparing feature lists.

    Why a multi-platform strategy is common

    Market behavior suggests that many Vietnamese users adopt a multi-platform approach:

    • One platform for fiat access
    • Another for liquidity and broader markets
    • Additional tools for research and market monitoring

    This structure reflects a broader trend across emerging markets, where exchanges are viewed as infrastructure rather than all-in-one solutions.

    Conclusion

    In 2026, choosing a crypto exchange in Vietnam depends less on rankings and more on context. Global exchanges offer liquidity, advanced platforms cater to experienced traders, and region-oriented services help simplify entry for new users.

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    This diversity explains why multiple platforms — including global exchanges and beginner-focused options like HIBT — continue to coexist within Vietnam’s evolving crypto ecosystem.

    Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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    Why Bitcoin Analysts Say BTC Has Entered Full Capitulation

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    Why Bitcoin Analysts Say BTC Has Entered Full Capitulation

    Bitcoin (CRYPTO: BTC) came under renewed selling pressure on Thursday as the price slipped below $69,000—the lowest level since November 6, 2024. The move underscored a backdrop of extreme market fear and frantic margin risk, with analysts contending that a potential bottom could be taking shape as short-term holders capitulate and on-chain activity points to exhausted selling. While the technical backdrop remains fragile, a cluster of indicators suggests that the recent wave of panic may be approaching a climax, though traders are wary of any renewed macro catalysts or liquidity shocks.

    Key takeaways

    • Short-term holders moved roughly 60,000 BTC to exchanges in the last 24 hours, signaling acute selling pressure and a large inflow that has contributed to the downside momentum.
    • The Crypto Fear & Greed Index registered “extreme fear,” a level that has historically preceded a bottom and a subsequent bounce in prior cycles.
    • Bitcoin’s RSI has reached multi-timeframe oversold levels, indicating seller exhaustion in several horizons and the potential for a near-term rebound if demand returns.
    • Glassnode data show the seven-day moving average of realized losses climbing above $1.26 billion per day, a sign of rising fear in on-chain behavior and a potential capitulation event.
    • Bitcoin’s capitulation metric posted its second-largest spike in two years, a pattern that historically aligns with rapid de-risking and heightened volatility as traders reset positions.

    Tickers mentioned: $BTC

    Sentiment: Bearish

    Price impact: Negative. The renewed selling pressure and significant exchange inflows pushed BTC below key support, intensifying near-term downside risk as market participants reassess risk exposure.

    Trading idea (Not Financial Advice): Hold. The combination of extreme fear, oversold RSI, and on-chain capitulation signals could precede a relief rally, but risk management remains essential while the market tests support levels.

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    Market context: The price action unfolds amid fragile liquidity conditions and a broader risk-off environment that has weighed on crypto assets. As traders parse on-chain signals against macro headlines, episodic capitulation events have tended to precede volatile but recoverable periods, with price action often drifting between fear-driven capitulation and later upside momentum once conviction returns.

    Why it matters

    The current wave of selling—centered on short-term holders—highlights a critical phase in the Bitcoin cycle. When a large bloc of supply shifts to exchanges at a loss in a short window, it can create a temporary liquidity squeeze that tests the resilience of bids at nearby levels. In the latest data, roughly 60,000 BTC moved from short-term holders to wallets on centralized venues in just one day, a move valued at about $4.2 billion at prevailing prices. This inflow exacerbates selling pressure, particularly in a market that has already faced a string of sharper-than-expected corrections. The dynamic underscores the risk that fresh headlines or macro surprises could reintroduce volatility before buyers re-emerge.”

    Another powerful signal comes from the Fear & Greed Index, which sits in the realm of “extreme fear.” The gauge has historically punctured lower during capitulations, yet it also marks a potential turning point when fear peaks. The latest reading aligns with other cycles where a bottoming process has followed intense pessimism, before sentiment gradually shifts as risk appetites reappear among value-focused or long-term participants.

    On-chain psychology also appears to be stabilizing, even as prices test psychological thresholds. Glassnode notes that the seven-day realized-loss metric has climbed past $1.26 billion per day, reflecting a surge in realized losses across the market. In their view, spikes in realized losses often coincide with moments of acute seller exhaustion, where marginal selling pressure begins to fade as market participants mark down losses and reassess risk. The capitulation metric, meanwhile, recorded its second-largest spike in two years, signaling a period of aggressive de-risking that typically precedes a more orderly reallocation of exposure once price discovery resumes.

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    The RSI, a widely watched momentum indicator, also reinforced the notion of an oversold regime across multiple timeframes. Coinglass’ heatmap shows BTC’s RSI flashing oversold conditions on five of six studied horizons. Specifically, the 12-hour RSI sits around 18, the daily around 20, and the four-hour near 23, with weekly and hourly readings also signaling distress. Some analysts have pointed to the weekly RSI near 29 as the most oversold level since the 2022 bear market, a milestone that has historically preceded relief rallies rather than fresh lows. In a market known for abrupt shifts, such readings are often interpreted as evidence of seller exhaustion rather than a guarantee of near-term direction.

    Crypto market RSI heatmap. Source: Coinglass

    Market observers have not avoided drawing parallels to prior capitulation episodes. A prominent sentiment analyst argued that this is “the most oversold” condition since the FTX crash, hinting that panic-driven selling could be approaching a climax even as price action remains fragile. Others urged patience, suggesting that risk/reward can improve when major players either accumulate at discounted levels or when the small-trader crowd exhibits a degree of disbelief that helps shore up a bottoming process. The broader narrative remains clear: extreme fear plus concentrated selling could lay the groundwork for a counter-move, but confirmation will come only with sustained price action and a shift in on-chain behavior.

    Bitcoin: Positive/negative sentiment ratio. Source: Santiment

    Analysts cautioned that while the current conditions are telling, they do not guarantee a bottom that will immediately resume a longer-term uptrend. The price regime remains vulnerable to sudden shifts in macro liquidity, regulatory developments, or shifts in major exchange flows. Yet, the logic of capitulation—defined by a broad-based exit from risk and the erosion of conditionally profitable positions—has historically been followed by a re-pricing of risk as buyers step back in and price discovery restarts. In this context, several voices have framed this phase as a potentially fertile point for accumulation, provided that risk controls are in place and the market finds a credible catalyst to re-anchor value expectations.

    BTC short-term holder losses to exchanges in 24 Hours. Source: CryptoQuant

    What to watch next

    • Price stabilization near current support levels and any intraday rebound following the extreme fear readings.
    • Further on-chain data from CryptoQuant and Glassnode showing whether short-term holder outflows ease and whether realized losses begin to retreat.
    • The evolution of RSI across multiple timeframes and any divergence that could hint at renewed buying interest.
    • Liquidity conditions and macro developments that could reintroduce coordinated bid support for BTC and risk assets more broadly.

    Sources & verification

    • CryptoQuant data on 60,000 BTC moving to exchanges by short-term holders over 24 hours.
    • Glassnode commentary on seven-day realized losses averaging above $1.26 billion per day and the capitulation metric spike.
    • Crypto Fear & Greed Index reading at extreme fear (12) and historical context for similar levels.
    • Coinglass RSI heatmap showing oversold conditions across multiple timeframes for BTC, including weekly RSI near 29.
    • Santiment and other analyst commentary referencing sentiment shifts and potential near-term relief rallies.

    Market reaction and key details

    Bitcoin (CRYPTO: BTC) traded with renewed weakness on Thursday as the price slipped below $69,000, a level not seen since November 2024. The move came amid a confluence of on-chain signals and sentiment metrics that suggest investors are bracing for further volatility while some traders anticipate a bottom could be forming. The latest data show a substantial transfer of BTC from short-term holders—investors with a holding period under 155 days—to exchanges, with roughly 60,000 BTC moved in a single 24-hour period. At current prices this corresponds to about $4.2 billion in value, highlighting the scale of the near-term selling pressure and its potential to prolong downside risk if bids remain thin.

    Bitcoin price chart and related indicators
    BTC/USD daily chart. Source: Cointelegraph/TradingView

    Observers on X noted that “the correction is so severe that no BTC in profit is being moved by LTHs,” underscoring a perceived capitulation among longer-term investors who might otherwise absorb losses and help stabilize prices. The sentiment is echoed in the weekly RSI readings, which place Bitcoin in a deeply oversold territory not seen in years. The heatmap from Coinglass confirms that the RSI is oversold on five of six timeframes, with readings such as 18 on the 12-hour and 20 on the daily frame, among others, signaling that selling pressure could be drying up even as prices test critical support. While some analysts describe the situation as an opportunity for buyers, others warn that risk remains high until a durable bid is reestablished and macro catalysts align with improved liquidity conditions.

    Bitcoin RSI heatmap
    Bitcoin: Unrealized loss. Source: Glassnode

    The fear-driven mood is reinforced by the Crypto Fear & Greed Index, which sat deeply in the “extreme fear” zone. Historical patterns suggest that such levels often precede a turning point, though there is no guarantee of a swift recovery. Analysts have pointed to past episodes where heavy selling pressure and a retreat from risk assets gave way to a slower, more deliberate re-pricing of risk and a gradual incursion of buyers who see value at muted prices. Yet, the path forward remains contingent on a confluence of supportive signals, including on-chain activity that signals accumulation and renewed bid depth in the order book.

    Several observers note that while the immediate narrative remains bearish, the prevailing combination of oversold momentum, high realized losses, and isolated capitulation spikes can set the stage for a temporary relief rally if buying interest returns and risk sentiment improves. The debate among market participants continues to hinge on whether the current episode is a definitive bottoming process or merely a dread-filled pause before fresh downside. As always, investors should watch liquidity, regulatory developments, and macro cues for decisive clues about the next leg of the cycle.

    Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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    Aptos-Based Perp DEX Merkle Trade Shutters Business

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    the-defiant

    The move comes amid a broader Aptos TVL decline and less than two years after Merkle closed a $2 million seed round with participation from Aptos Labs.

    Merkle Trade, the largest decentralized perpetual futures exchange on Aptos by trading volume, said in an X post on Feb. 3 that it will begin winding down operations over the coming weeks.

    The team said the decision followed “careful consideration” and comes after the platform processed nearly $30 billion in cumulative trading volume since launch. Without specifying a reason for the winddown, the statement concludes: “But we are proud of what we built, and grateful to everyone who was part of it.”

    According to the announcement, new positions will be disabled on Feb. 6, with all remaining positions forcibly closed on Feb. 10. Merkle Trade’s native MKL token will become redeemable without fees or withdrawal delays, while a final revenue distribution is scheduled for Feb. 12, after which staked MKL can also be redeemed, the announcement said.

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    The price of MKL spiked 11.5% in the past 24 hours, though the token is down 90% from its all-time high in December 2024.

    Launched in late 2023, Merkle Trade offered non-custodial derivatives trading alongside features such as trading missions and loot boxes, leaning heavily into game-like mechanics.

    That approach helped Merkle raise $2.1 million in a seed round in April 2024 led by Hashed and Arrington Capital, with participation from Aptos Labs, Morningstar Ventures, Amber Group and others.

    the-defiant
    Merkle Trade’s TVL and fees. Source: DefiLlama

    By May 2024, total value locked (TVL) on the platform peaked at more than $7.4 million, according to DefiLlama data. Since then, TVL has fallen by more than half to about $3.47 million, making Merkle Trade the 17th-largest protocol by TVL on Aptos at press time.

    Among the four Aptos-based perp DEXs listed on DefiLlama, however, Merkle is the leader by far, accounting for $12.4 million of the total $13.68 million in perp volume on the chain in the past 24 hours.

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    Aptos Struggles

    Merkle’s slide in TVL since 2024 reflects weakness across the broader Aptos ecosystem, where total value locked is currently around $332.6 million, making it the 16th-largest chain by DeFi TVL.

    Current TVL across the ecosystem is down more than 70% from December 2024 where it was over $1.2 billion, and back to levels last seen in the summer of 2024.

    the-defiant
    Aptos TVL vs. Chain Fees vs. App Revenue. Source: DefiLlama

    App revenue on the network, however, increased in 2025, though it remains relatively low. Weekly revenue from decentralized applications (DApps) on Aptos is led by DEX PancakeSwap, with $44,396 followed by Merkle Trade with $29,575.

    By comparison, the top-four chains by app revenue today — Solana, Hyperliquid L1, Ethereum and EdgeX — have all recorded over $1 million in the past 24 hours.

    The broader perp DEX sector exploded in 2025, with 24-hour volumes now outpacing most centralized exchanges. Hyperliquid has led the sector by trading volume, with rivals Lighter and Aster sometimes taking the lead.

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    U.S. Treasury’s Bessent calls out crypto ‘nihilists’ resisting market structure bill

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    U.S. Treasury's Bessent calls out crypto 'nihilists' resisting market structure bill

    U.S. Treasury Secretary Scott Bessent fired warning shots at crypto insiders who are pushing back in the negotiations over a digital assets market structure bill in the Senate — briefly aligning with Democratic Senator Mark Warner in expressing frustration during a hearing on Thursday.

    “There seems to be a nihilist group in the industry who prefers no regulation over this very good regulation,” Bessent said in testimony before the Senate Banking Committee. 

    “Amen, brother,” said Virginia Senator Warner, one of the key Democratic negotiators on the bill. “So weigh in.”

    “I do,” Bessent responded. “Early and often.”

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    A number of crypto industry participants, including Coinbase CEO Brian Armstrong, have been critical of provisions in the bill, pointing to concerns around how it addresses decentralized finance regulation, stablecoin yield rewards and the way it defines tokens as securities. Armstrong’s withdrawal of support for a version of the legislation moving through the Senate Banking Committee last month had been consequential.

    Warner said in the hearing that a further meeting is expected on the regulatory effort within the next few days, and he suggested Bessent was set to be invited. In those ongoing talks, Warner has been an outspoken voice on crypto’s illicit finance threats, leading much of that discussion in the legislative negotiations.

    “I feel like I’m in crypto hell,” Warner said, eliciting some laughs in the hearing room. “We are working our tail off.”

    He said other technical points in the bill can be resolved, but he suggested addressing “some of the gaps” related to national security and decentralized finance (DeFi) remains his focus.

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    “We’ll deal with yields and rewards; we’ll deal with a host of other issues; but these national security issues around DeFi are real, and we need to not create a set of rules that leaves huge exemptions and, candidly, takes away some of the prosecutorial powers that exist today,” Warner said.

    Bessent, who didn’t call out any resistant crypto industry representatives by name, went on to underline the importance of passing the Digital Asset Market Clarity Act in the Senate. The bill has struggled to maintain momentum as lobbyists from crypto and banking have clashed with each other over the question of stablecoin yield and lawmakers from the parties can’t find agreement on certain other provisions. The Treasury secretary argued the industry can’t advance in the U.S. unless the bill passes.

    “It’s impossible to proceed without it,” he said. “We have to get this Clarity Act across the finish line. And any market participants who don’t want it should move to El Salvador.”

    Bessent said that he thinks the earlier GENIUS Act to regulate U.S. stablecoin issuers struck a good balance that can eventually be repeated in the Clarity Act.

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    “There seem to be people who want to live in the US, but not have rules for this important industry, and we’ve got to bring safe, sound and smart practices and the oversight of the U.S. government, but also allow for the freedom that is crypto,” Bessent said, adding that as both parties continue to work on the Clarity Act, it can get “across the line this year.”

    Read More: Crypto’s U.S. Policy Aims May Pivot on Resistance from Democratic Senator Warner

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    How to Fix Cross-Border Delays at Scale

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    Did you know TRON ranked

    “Every hour a payment is delayed is capital that cannot be reinvested, scaled, or compounded.” Cross-border payments remain one of the most complex challenges in global finance. Despite advances in digital banking and fintech infrastructure, many international transactions still take days to settle. Multiple intermediaries, fragmented regulations, and inefficient reconciliation systems continue to slow down money movement.

    For fintech founders, payment service providers, and institutional investors, these delays translate into higher costs, liquidity constraints, and lost customer trust. A TRON-enabled stablecoin payment platform offers a modern alternative. Businesses can enable near-instant, low-cost, and transparent international payments by combining blockchain settlement with fiat-pegged digital assets.

    This guide explains how such platforms work, why TRON plays a critical role, and how organizations can implement scalable systems to eliminate cross-border payment delays.

    Understanding the Real Problem Behind Cross-Border Payment Delays

    Cross-border payment delays are not caused by a single technical limitation. They are the result of structural inefficiencies embedded in traditional banking systems. Even with digital interfaces, most international transactions still depend on fragmented infrastructure, multiple intermediaries, and manual verification processes.

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    For scaling fintech companies and global payment operators, these frictions directly impact liquidity management, customer satisfaction, and operational margins. Without a modern stablecoin payment platform, businesses remain dependent on slow settlement rails that limit their ability to compete in real-time financial markets.

    Key Friction Points in Traditional Cross-Border Payments

    Friction Point Key Data Point The Real Problem
    Speed 80% of delays occur in the last mile Local bank processing and legacy systems slow final settlement
    Availability Systems operate ~66 hours per week Financial dead zones during weekends and holidays
    Success Rate Only 35% meet the 1-hour target Fragmented AML and KYC regulations
    Cost 6.49% global average fee Too many correspondent banks and intermediaries
    What does this mean for payment leaders?
    • Speed Remains Unreliable
    • Availability Is Limited
    • Compliance Slows Execution
    • Intermediaries Inflate Costs

    The root issue is continued dependence on legacy rails and intermediary-heavy models. Incremental upgrades rarely solve these problems without comprehensive stablecoin payment platform development. Sustainable improvement requires rebuilding settlement workflows at the infrastructure level.

    See How Modern Payment Platforms Reduce Delays

    Why TRON Is a Preferred Network for Stablecoin Payment Platform Development 

    When evaluating blockchain networks for stablecoin payment platform development, real-world usage and performance matter most. TRON offers a blend of high throughput, low fees, and strong adoption, making it a practical choice for payment infrastructure.

    Did you know TRON ranked

    TRON’s technical characteristics support reliable payment orchestration:

    • High transaction speed helps reduce settlement time compared to traditional rails.
    • Low network costs make stablecoin transfers more economical, improving margins.
    • Mature ecosystem adoption means wider developer support and integration options.
    • Stablecoin compatibility ensures seamless settlement workflows for USDT and other assets.

    These traits have contributed to TRON’s growth and positioned it as a strong foundation for building a Stablecoin Payment Platform that meets enterprise performance and scalability needs.

    How a TRON-Enabled Stablecoin Payment Platform Works

    • Payment initiation: Customers trigger transactions through wallets or integrated apps. The system validates identity and balance before processing.
    • Merchant and gateway processing: Merchant systems connect via APIs. The payment gateway applies routing rules, fees, and compliance checks.
    • Transaction orchestration: The platform prepares, signs, and routes transactions while managing fallback and risk controls.
    • TRON settlement layer: Stablecoin transfers are executed on the TRON network, enabling near-real-time settlement and transparent records.
    • Liquidity and on/off ramps: Integrated exchanges and custodians convert between fiat and stablecoins for local payouts and treasury management.
    • Security and custody management: Multi-signature wallets, cold storage, and access controls protect digital assets.
    • Compliance and monitoring: Automated KYC, AML, and transaction screening ensure regulatory alignment.
    • Reconciliation and reporting: On-chain data and system logs enable automated accounting and settlement reporting.
    • Integration and scalability: APIs connect with banking systems, ERPs, and marketplaces, supporting long-term growth.

    When these components operate together, they form a unified, secure, and high-performance Stablecoin payment system, making professional stablecoin payment platform development essential for building scalable, compliant, and future-ready global settlement systems.

    Business Benefits of Adopting Stablecoin Payment Infrastructure

    For fintech operators, payment platforms, and global enterprises, implementing a TRON-enabled solution delivers measurable and long-term business value. Beyond technical efficiency, it directly improves financial performance, operational resilience, and market competitiveness.

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    The Strategic Business Advantages

    • Faster Settlement Cycles: TRON-based settlement enables funds to move within minutes instead of days. This accelerates cash flow, reduces working capital pressure, and improves treasury visibility. For high-volume platforms, faster settlements supported by a modern stablecoin payment platform translate into better liquidity planning and reduced dependency on credit lines.
    • Lower Operating Costs: Traditional cross-border payments involve multiple intermediaries, each charging processing and reconciliation fees. A blockchain-based settlement layer removes many of these cost centers. Combined with automated workflows, this significantly lowers per-transaction expenses and improves margin sustainability.
    • Improved Customer Experience: End users increasingly expect instant and transparent payments. Delayed settlements and unclear fee structures lead to churn and reputational risk. A reliable stablecoin payment system enables faster transfers, real-time status updates, and predictable pricing, strengthening user trust and platform retention.
    • Global Market Expansion: TRON-enabled platforms allow businesses to operate in regions with limited banking infrastructure. This enables payment providers to serve underbanked populations and emerging markets without establishing local correspondent relationships. 
    • Better Risk Control and Compliance: On-chain transaction records provide immutable audit trails, while integrated compliance tools support automated monitoring and reporting. This improves governance, reduces fraud exposure, and simplifies regulatory engagement. For institutional clients, these features are essential for long-term adoption.
    • Stronger Investor and Partner Confidence: Transparent settlement logic, predictable costs, and scalable infrastructure make payment platforms more attractive to investors and strategic partners. Platforms built through structured payment system development demonstrate operational maturity and long-term viability, which support fundraising and partnership negotiations.

    For founders, executives, and investors, TRON-based stablecoin infrastructure is not merely a technology upgrade. It is a strategic lever for improving profitability, reducing operational risk, and accelerating market entry.

    Request a Detailed Platform Architecture Review

    Key Considerations Before Implementation

    While the technology is mature, successful deployment requires careful planning.

    1. Regulatory Compliance

    A production-ready platform must support:

    • Know Your Customer procedures.
    • Anti-Money Laundering screening
    • Transaction monitoring
    • Regulatory reporting

    2. Security Framework

    Security must include:

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    • Multi-signature wallets
    • Cold storage mechanisms
    • Secure API authentication
    • Disaster recovery systems

    3. Scalability Planning

    • Systems must handle future transaction growth without latency or failures.

    4. Integration Capability

    • Compatibility with ERP systems, accounting tools, and partner platforms is critical.

    Professional stablecoin payment platform development teams design these elements from the start.

    Practical Roadmap to Building a TRON-Based Payment System

    For organizations considering implementation, the following phased approach works best for successful stablecoin payment platform development:

    Phase 1: Business and Technical Assessment

    Define transaction volumes, target markets, regulatory exposure, and operational requirements to align the platform with business goals.

    Phase 2: Architecture Design

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    Develop wallet models, compliance workflows, API structures, and settlement logic to create a scalable foundation.

    Phase 3: Platform Development

    Build and test core modules for transaction processing, monitoring, and reporting to ensure operational reliability.

    Phase 4: Compliance and Security Validation

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    Conduct audits, regulatory reviews, and penetration testing to meet institutional security and regulatory standards.

    Phase 5: Deployment and Optimization

    Launch in controlled environments, analyze performance data, and continuously optimize workflows for long-term stability.

    Evaluating ROI: Is It Worth the Investment?

    For decision-makers, return on investment is a critical factor when adopting new payment infrastructure. Implementing a solution on the TRON network offers both technical efficiency and measurable financial returns.

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    Well-designed stablecoin platforms built on TRON typically deliver:

    • 40-70% reduction in processing costs by minimizing intermediaries and automating settlement workflows
    • Significant improvement in settlement speed, enabling near-real-time fund availability
    • Lower customer churn through faster transfers and transparent pricing
    • Increased transaction volumes driven by improved user trust and operational reliability

    In addition, the low transaction fees and high throughput of the TRON network help payment providers maintain profitability even at scale. When aligned with a long-term growth strategy, a well-implemented stablecoin payment platform becomes a revenue enabler rather than a cost center. It supports stronger cash flow management, higher platform adoption, and greater investor confidence, making it a strategic asset for fintech and enterprise payment leaders.

    Final Takeaway

    Cross-border delays are no longer acceptable in a real-time global economy. Fintech leaders and payment providers that continue relying on legacy rails risk losing customers, margins, and market relevance. A TRON-enabled settlement infrastructure offers speed, transparency, and scalability. However, realizing these benefits requires expert execution. This is why professional stablecoin payment platform development is essential.

    Antier brings deep technical expertise, regulatory understanding, and proven delivery capabilities to help organizations build secure, high-performance payment platforms. With Antier, businesses reduce implementation risk and accelerate time-to-market. Now is the time to modernize your payment infrastructure. 

    Partner with Antier to Launch Your TRON-Enabled stablecoin platform. Start building a faster, compliant, and future-ready global payment system today!

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    Frequently Asked Questions

    01. What are the main challenges of cross-border payments?

    The main challenges include delays caused by multiple intermediaries, fragmented regulations, and inefficient reconciliation systems, which lead to higher costs and liquidity constraints.

    02. How does a TRON-enabled stablecoin payment platform improve cross-border payments?

    A TRON-enabled stablecoin payment platform enables near-instant, low-cost, and transparent international payments by combining blockchain settlement with fiat-pegged digital assets.

    03. What are the key friction points in traditional cross-border payment systems?

    Key friction points include unreliable speed, limited availability, compliance issues that slow execution, and inflated costs due to too many intermediaries.

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    Polymarket Partners with Circle to Integrate Native USDC

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    Polymarket Partners with Circle to Integrate Native USDC

    The move comes as crypto prediction markets continue to rise in popularity, seeing record volumes.

    Circle announced on Thursday, Feb. 5, that it has partnered with Polymarket, the largest on-chain prediction market by trading volume, to provide its U.S. dollar stablecoin settlement infrastructure.

    The partnership focuses on integrating Circle’s stablecoin USDC as the primary collateral currency for trading on Polymarket. The prediction market, which operates on Polygon, currently uses Polygon Bridged USDC (USDC.E), but will move to native USDC “in the coming months.”

    With a supply of $70.77 billion, Circle’s USDC is the second-largest stablecoin by market capitalization after Tether’s USDT.

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    Circle said the partnership is focused on making settlement on Polymarket more “institutionally aligned” as trading activity increases. Over the past 24 hours, Polymarket processed $113 million in trades, with total value locked on the platform at $337.5 million, according to DefiLlama.

    “Circle has built some of the most critical infrastructure in crypto, and partnering with them is an important step in strengthening prediction markets,” said Shayne Coplan, founder and CEO of Polymarket. “Using USDC supports a consistent, dollar-denominated settlement standard that enhances market integrity and reliability as participation on the platform continues to grow.”

    Record-Breaking Growth

    The partnership comes as the prediction market sector continues to grow, attracting more users and liquidity. The top-three prediction marketplaces, Polymarket, Kalshi and Opinion, have all seen record-breaking monthly volumes over the past three months. In January, total TVL across crypto-focused prediction markets reached a new high of more than $550 million, The Defiant reported.

    The news comes after Polymarket began rolling out trading fees for the first time earlier this year. That same week Polymarket also expanded its institutional reach, becoming the exclusive prediction market partner of the Wall Street Journal and Dow Jones.

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    Last month, the platform generated about $2.6 million in fees and $1.6 million in revenue, according to DefiLlama. In the first few days of February, fees and revenue have already reached roughly $708,000 and $459,000, respectively.

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    Apocalypse now? Top economist says crypto market looks bleak

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    Bitcoin price

    The crypto market continued its recent crash today, Feb. 5, with Bitcoin falling below the key support at $70,000 and the valuation of all coins moving to $2.3 trillion from a record high of over $4.2 trillion.

    Summary

    • The crypto market crash accelerated on Thursday, with Bitcoin moving below $70,000.
    • Nouriel Roubini, a top economist, has warned of an impending crypto apocalypse.
    • On the positive side, Bitcoin and most altcoins have become highly oversold.

    Roubini is ready for a crypto market apocalypse 

    The Bitcoin (BTC) sell-off accelerated. And Nouriel Roubini, a top economist popularly known as “Dr. Doom,” expects the top cryptocurrency and most altcoins to continue falling. Why? Not enough people use them.

    Bitcoin remains in a bear market, while gold hovers near its all-time high, despite many proponents calling it a safe-haven asset.

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    Roubini, who accurately predicted the Global Financial Crisis, also warned that most cryptocurrencies were blockchain in name only. He said:

    “95%  of ‘blockchain’ monies and digital services are blockchain in name only. They are private rather than public, centralized rather than decentralized, permissioned rather than permissionless, and validated by a small group of trusted authenticators.”

    Doom isn’t alone

    Other popular analysts have warned about the crypto industry.

    For example, Peter Schiff, a top gold bull has continued to predict that the coin will continue falling over time.

    However, other crypto proponents have argued that the ongoing crypto crash is a normal part of the process, citing other crypto crashes in the past. For example, Bitcoin dropped by over 70% in 2022 as companies like Terra and FTX crashed. In a statement, Michael Novogratz said:

    “I do think we are at the lower end of the range. What I would say is we have been here before. Anyone who has been in crypto for more than five years realizes that part of the ethos of this whole industry is pain.”

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    There are a few reasons why the crypto market may recover in the coming weeks or months. First, the Federal Reserve will likely continue cutting interest rates, which will make risky assets more attractive  

    Second, the Crypto Fear and Greed Index has moved to the extreme fear zone of 11. In most cases, crypto prices normally rebound when the index moves to the extreme fear zone  as we saw in December last year.

    Bitcoin price
    BTC price chart | Source: crypto.news

    Additionally, the Relative Strength Index of most coins, including Bitcoin and Ethereum, has moved to the extreme fear zone. Other oscillators, like the Stochastics have also moved to the oversold level, where rebounds normally happen.

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    Fidelity Launches Digital Dollar Stablecoin FIDD

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    Crypto Breaking News

    Fidelity Investments has entered the stablecoin market with the launch of Fidelity Digital Dollar (FIDD), marking a significant step by one of the world’s largest asset managers into on-chain dollar instruments. Announced on February 4, 2026, the new stablecoin is issued by Fidelity Digital Assets, National Association, and is available to both retail and institutional clients. Each token is redeemable at a 1:1 ratio with the U.S. dollar, positioning FIDD as a regulated, institutionally managed alternative in a stablecoin market that now exceeds $316 billion in total capitalization.

    Key takeaways

    • Fidelity has launched its first U.S. dollar-backed stablecoin, Fidelity Digital Dollar (FIDD), available to retail and institutional clients.
    • FIDD can be purchased or redeemed directly through Fidelity platforms at a fixed rate of $1 per token.
    • Reserve assets are managed internally, leveraging Fidelity’s long-standing asset management infrastructure.
    • The stablecoin operates on the Ethereum mainnet and can be transferred to any compatible address.
    • Daily disclosures provide transparency on circulating supply and reserve net asset value.
    • The launch follows new U.S. regulatory clarity for payment stablecoins.

    Sentiment: Neutral

    Market context: The launch comes as regulatory clarity in the United States improves and traditional financial institutions increase their participation in tokenized cash, custody, and blockchain-based settlement infrastructure.

    Why it matters

    Fidelity’s move into stablecoin issuance signals a broader shift in how traditional asset managers approach blockchain-based financial infrastructure. Rather than relying solely on third-party stablecoins, Fidelity is now offering a proprietary digital dollar backed by its own balance sheet processes and operational standards.

    For institutional investors, the availability of a stablecoin issued and managed by a globally recognized financial institution may reduce counterparty concerns that have historically limited stablecoin adoption in regulated environments. Retail users, meanwhile, gain access to an on-chain dollar that integrates directly with existing Fidelity platforms.

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    More broadly, the launch highlights how stablecoins are increasingly viewed as foundational financial plumbing rather than speculative crypto assets. As asset managers, banks, and payment firms adopt similar models, competition may shift toward transparency, reserve management, and regulatory alignment.

    What to watch next

    • Whether FIDD expands beyond Ethereum to additional blockchain networks.
    • Potential exchange listings and liquidity growth outside Fidelity platforms.
    • Regulatory reporting standards applied to Fidelity-issued stablecoins.
    • Adoption by wealth managers and institutional treasury operations.

    Sources & verification

    • Fidelity’s official announcement dated February 4, 2026.
    • Daily reserve and supply disclosures published on Fidelity’s website.
    • Statements from Fidelity Digital Assets leadership regarding regulatory alignment.

    Fidelity Digital Dollar enters the regulated stablecoin landscape

    Fidelity Investments’ decision to issue a proprietary stablecoin represents a notable evolution in the firm’s digital asset strategy. The new token, Fidelity Digital Dollar (FIDD), is designed to function as a blockchain-based representation of the U.S. dollar while remaining closely integrated with Fidelity’s existing financial infrastructure.

    Issued by Fidelity Digital Assets, National Association, FIDD is available to eligible retail and institutional investors through Fidelity Digital Assets, Fidelity Crypto, and Fidelity Crypto for Wealth Managers. Clients can purchase or redeem the stablecoin directly with Fidelity at a fixed price of one U.S. dollar per token, a structure intended to mirror the operational simplicity of traditional cash balances.

    Unlike many stablecoins that rely on external reserve managers or opaque custodial arrangements, FIDD’s reserve assets are managed by Fidelity Management & Research Company LLC. This internal structure allows Fidelity to apply the same portfolio oversight, risk controls, and compliance standards used across its traditional asset management business.

    Transparency is a central component of the product’s design. Fidelity publishes daily disclosures detailing FIDD’s circulating supply and the net asset value of its reserves as of each business day’s close. This approach aligns with growing regulatory expectations for stablecoin issuers and aims to address long-standing concerns around reserve sufficiency and disclosure practices in the sector.

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    From a technical perspective, FIDD is issued on the Ethereum mainnet, enabling holders to transfer tokens to any compatible Ethereum address. This design choice allows the stablecoin to integrate with existing decentralized finance infrastructure while remaining accessible through centralized platforms.

    Fidelity Digital Assets President Mike O’Reilly described the launch as the result of years of internal research into stablecoins and blockchain-based financial systems. According to the firm, the goal is to provide investors with on-chain utility without sacrificing the stability and operational rigor associated with traditional financial products.

    The timing of the launch is closely tied to regulatory developments in the United States. Recent legislation establishing clearer rules for payment stablecoins has reduced legal uncertainty for large financial institutions considering issuance. Fidelity has positioned FIDD as a response to this evolving framework, emphasizing compliance and investor protection alongside technological innovation.

    Stablecoins have become a critical component of digital asset markets, facilitating trading, settlement, and cross-border transfers. With total market capitalization now exceeding $316 billion, the sector has attracted increasing scrutiny from regulators and policymakers. Fidelity’s entry reflects a broader trend of established financial firms seeking to bring stablecoin activity within regulated, institutionally managed environments.

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    Fidelity’s broader digital asset strategy provides important context for the move. The firm has been building blockchain-related infrastructure since 2014, long before digital assets became mainstream. Its offerings now include custody, trading, research, and investment products tailored to institutional clients, intermediaries, and retail investors.

    By adding a proprietary stablecoin to this lineup, Fidelity is effectively extending its ecosystem into on-chain cash management. For wealth managers and institutional clients already using Fidelity’s digital asset services, FIDD may serve as a settlement layer that reduces reliance on external stablecoin issuers.

    The launch also raises questions about how competition in the stablecoin market may evolve. As more traditional financial institutions issue their own tokens, differentiation may increasingly depend on regulatory status, transparency, and integration with existing financial services rather than yield incentives or aggressive growth strategies.

    While Fidelity has not disclosed immediate plans for expanding FIDD beyond Ethereum or adding advanced programmable features, the infrastructure chosen leaves room for future development. Potential use cases could include on-chain settlement for tokenized securities, collateral management, or integration with institutional payment systems.

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    For now, Fidelity Digital Dollar stands as a signal that stablecoins are moving deeper into the core of traditional finance. Rather than operating at the margins of the financial system, regulated digital dollars issued by major asset managers may become standard tools for both crypto-native and traditional investors navigating an increasingly hybrid financial landscape.

    Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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