Crypto World
Remittix’s 300% bonus goes live
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Remittix 300% bonus sparks buzz on X, Telegram, and Discord, highlighting real product utility over hype.
Summary
- Remittix sparks crypto buzz with an exclusive 300% bonus, backed by 703m+ tokens sold and $28.9m raised.
- Analysts highlight Remittix’s working wallet, strong funding, and growth plan as drivers of this week’s crypto talk.
- Crypto communities react to Remittix’s rare bonus, emphasizing urgency, scarcity, and verified project progress.
This week, crypto users on X, Telegram, and Discord are talking about one thing: the Remittix 300% bonus. While the market as a whole is still slow, this brings in new excitement. Experts have said that this incident is important because it is not just about promises or hype around cryptocurrency; this time, it is about an actual product.
In past cycles, big bonuses were often linked to risky or unfinished projects. Remittix is different because it already has a working wallet, strong funding, and a clear growth plan. That is why many analysts are calling this one of the most talked-about crypto events of the week.
Why this Remittix bonus is getting so much attention
The main reason for the buzz is that a 300% bonus is extremely rare in today’s cryptocurrency market. Even more surprisingly, this bonus is not open to everyone. It is exclusive and requires a special code that can only be gotten through email. The code is not public, and you cannot find it in any online articles.
This setup has piqued the curiosity of many users. It evokes a sense of urgency and scarcity for the bonus offer. Experts have noted that this is why the topic is trending in crypto communities at the moment. Analysts have all agreed that the true reason for the interest in the topic is what Remittix is working on behind the scenes.
Another reason this event is getting attention is Remittix’s strong fundraising performance. The project has sold over 703.7 million tokens, raised more than $28.9 million, and is currently trading at $0.123 per token. Experts say this level of progress shows that many investors are backing the idea even before the full platform launch.
Remittix: A project focused on real use
Remittix is a PayFi project, and this means it focuses on payments, not just trading or speculation. Its goal is to help people use crypto in real life by making it easy to move money across borders. Many crypto users face the same problem. They hold digital assets, but turning them into cash that they can actually spend is slow and costly. Banks charge high fees, and transfers can take days. Remittix is designed to fix this.
For instance, with Remittix, you can send cryptocurrency, and the recipient receives the funds in local currency and is directly deposited into their bank account. This is especially useful for freelancers, remote workers, and those in countries with poor banking systems. What sets Remittix apart is that it has already made progress.
Remittix: Real progress that builds trust
Unlike many crypto projects, Remittix already has a functional product. The wallet is already available on the Apple App Store, so users can use it anytime they want. The Google Play Store version will be available very soon. Another major milestone is the full PayFi platform launch scheduled for February 9, 2026. Experts believe this date is important because it marks the move from early testing into full-scale use.
Here are some of the key features driving interest in Remittix:
- Remittix is fully verified by the CertiK team KYC
- The project ranks #1 on pre-launch tokens
- The platform offers lower fees than traditional remittance services
- It is built for everyday users and not just crypto traders
Conclusion: More than just a bonus event
While the headlines focus on the Remittix 300% bonus, experts say the bigger picture is more important. Remittix already has a live wallet, a clear mission to fix real payment problems, and a confirmed PayFi platform launch on February 9, 2026.
This week’s buzz is not just about free value. It is about a project that combines strong incentives with real-world utility. That combination is rare, and it explains why Remittix has become the crypto event everyone is talking about right now.
For more information, visit the official website, and socials.
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.
Crypto World
Accommodative Macro Policies May Not Be Bitcoin’s Next Big Catalyst
Bitcoin’s next major catalyst may come from a sharp rethinking of how rate policy interacts with the crypto market. In a recent discussion, ProCap Financial chief investment officer Jeff Park challenged the conventional view that Bitcoin’s bull case is tied primarily to falling interest rates. Park argued that more accommodative monetary conditions might not automatically propel a sustained rally, and that investors should prepare for a world where macro policy shifts could still support risk assets even as rates move higher. The remarks come ahead of a broader dialogue about how liquidity, yields, and central-bank signaling shape Bitcoin’s price trajectory in a regime of evolving financial dynamics. Park spoke with Anthony Pompliano on The Pomp Podcast, highlighting a nuanced take on the macro setup and the potential implications for crypto markets.
Key takeaways
- The traditional link between easing policy and Bitcoin bulls may not hold in all macro regimes; accommodative cycles might not be the sole engine for a long-term upside.
- Jeff Park envisions a scenario where Bitcoin could rise even as the Federal Reserve tightens, describing it as a potential “positive row Bitcoin” that defies the standard QE-driven narrative.
- Park cautions that a shift away from the conventional risk-free-rate framework could upend how yields are priced and how the dollar’s global role influences markets.
- Traders are already encoding rate-cut expectations into probabilities, with 2026 Fed cuts suggesting a non-negligible chance of policy easing later in the decade, even as rate paths remain uncertain.
- Bitcoin’s current price action shows a pullback over the past month, underscoring the ongoing tension between macro expectations and crypto liquidity.
- The discussion positions Bitcoin within a broader critique of the monetary system and the relationships between the Fed, the Treasury, and yield curves.
Tickers mentioned: $BTC
Sentiment: Neutral
Price impact: Negative. Bitcoin’s recent price action shows a notable 30-day decline, signaling short-term pressure even as a broader narrative contemplates alternative catalysts.
Trading idea (Not Financial Advice): Hold. The argument rests on a contested macro thesis that requires confirmation through further data and policy signals.
Market context: The debate sits at the intersection of liquidity dynamics, interest-rate expectations, and the evolving interpretation of the dollar’s global role, which together influence risk assets beyond traditional equities and bonds.
Why it matters
The discussion around accommodative policy as a potential non-linear catalyst for Bitcoin shifts the lens through which investors view crypto cycles. If Bitcoin can navigate higher rates without losing momentum, it suggests that its price sensitivity to macro signals may be more nuanced than a straightforward risk-on/risk-off dichotomy. Park’s thesis hinges on a broader reevaluation of the appeal of crypto assets in a world where central banks recalibrate the cost of capital, inflation expectations, and liquidity provisioning. In practical terms, this could widen the set of scenarios in which Bitcoin remains attractive, notably during periods when traditional assets such as bonds offer diminishing returns while crypto markets exhibit resilience or selective risk-taking.
The remark also touches on the structure of the monetary system itself. Park argues that the existing framework—where the Fed and the Treasury influence yields and debt dynamics—may be strained, potentially altering how investors price risk and the carry associated with various assets. In such a context, Bitcoin could serve as a hedging instrument or a speculative vehicle that benefits from a re-balancing effort among macro players. The core idea is not a guaranteed rally on rate rises, but a possibility that a different set of incentives could emerge, enabling Bitcoin to find new footing in a shifting monetary landscape.
From a trading perspective, the argument emphasizes that the “risk-free rate” concept might be less stable than traditionally assumed. If the dollar’s dominance wanes or if yield curves re-price in unexpected ways, Bitcoin’s narrative may detach from conventional rate-driven logic and align more with liquidity preferences, cross-asset flows, or macro resilience. The conversation about a hypothetical “endgame” for Bitcoin—where price appreciation accompanies higher rates—rests on a broader willingness among investors to entertain non-traditional drivers of value in a complex, evolving financial system.
Amid the discourse, markets are still processing concrete data points. On Polymarket, a predicting market for Fed policy, traders assign a tangible probability to three rate cuts in 2026, pegging it at 27%. While not a forecast, such market-implied expectations illustrate how investors are betting on the policy path even as the near-term trajectory remains uncertain. In the meantime, Bitcoin trades around $70,503, reflecting a roughly 22% slide over the last 30 days, according to CoinMarketCap. The pullback underscores the tension between a theoretical macro thesis and the practical realities of price action driven by liquidity, risk sentiment, and short-term demand-supply dynamics.
Within the broader crypto discourse, the idea that Bitcoin’s price could rise in a rising-rate environment appears as a provocative counter-narrative to widely cited relationships. The conversation echoes previous market observations that Bitcoin’s behavior can be as much about macro structural shifts as about policy tempo. For readers tracking the latest developments, a related analysis by Cointelegraph looked at how Bitcoin price moves relate to demand dynamics during dips, offering a backdrop to understanding who is buying during pullbacks and how institutions view the risk-reward calculus in a volatile sector.
As the debate evolves, observers will watch how signals from policymakers, changes in fiscal-miscal policy interactions, and shifts in global liquidity influence the asset class. The tension between a traditional inflation-targeting toolkit and an expanded crypto market narrative could produce a more multi-faceted set of catalysts for Bitcoin beyond the simple rate-cut/hold dichotomy. The coming months will be telling as investors reconcile the theoretical constructs with the data that materialize in price, on-chain metrics, and macro indicators.
What to watch next
- Monitor Fed communications and policy guidance for 2026 to assess whether rate-cut expectations become more entrenched in markets.
- Track Bitcoin price action around macro data releases and liquidity shifts to gauge whether the asset displays resilience in higher-rate environments.
- Follow commentary from policy analysts and market participants on the viability of the “positive row Bitcoin” thesis and how it aligns with yield-curve dynamics.
- Observe any changes in dollar strength or cross-border capital flows that could influence crypto liquidity and risk appetite.
- Review studies or forecasts that contextualize Bitcoin within a broader monetary-system critique, particularly regarding the Fed-Treasury relationship and the pricing of risk.
Sources & verification
- The interview with Jeff Park on The Pomp Podcast via YouTube: https://www.youtube.com/watch?v=bZfsLFGz4hE
- Bitcoin price data and 30-day performance referenced by CoinMarketCap: https://coinmarketcap.com/currencies/bitcoin/
- Polymarket predictions for Fed rate paths (2026): https://polymarket.com/event/how-many-fed-rate-cuts-in-2026
- Related coverage on Bitcoin price action and market activity: https://cointelegraph.com/news/bitcoin-price-rebounds-65k-who-is-buying-the-dip
Market reaction and the evolving Bitcoin rate thesis
Bitcoin (CRYPTO: BTC) sits at the center of a debate about how macro policy interacts with digital-asset pricing. Jeff Park, the CIO of ProCap Financial, argues that the old playbook—rates falling to boost liquidity and lift risk assets—may be insufficient to describe the next phase of Bitcoin’s journey. In the discussion with The Pomp Podcast, Park suggested that ultra-loose policy is not a guaranteed passport to a sustained bullish cycle. Instead, he sees a scenario where Bitcoin can appreciate alongside a rising rate environment if macro conditions, liquidity regimes, and investor risk appetites evolve in unanticipated directions.
At the heart of Park’s argument is a contrarian view of the so-called “endgame” for Bitcoin. He describes a possible state, which he terms a “positive row Bitcoin,” where the asset climbs even as the Federal Reserve tightens, challenging the conventional wisdom of QE-driven crypto appreciation. Such a world would require a recalibration of the way markets price risk and a rethink of the role that the risk-free rate plays in the crypto narrative. The notion rests on a broader revaluation of the monetary order, especially the dynamics between the dollar’s global dominance and the pricing of long-dated yields in a system that may no longer follow textbook relationships.
Park underscores that the monetary system is not operating as it once did. He argues that the interplay between the Fed and the U.S. Treasury has moved beyond the familiar playbook, complicating how investors price the yield curve and assess the relative attractiveness of different asset classes. In this framework, Bitcoin’s appeal could be anchored not only in optimism about adoption or censorship resistance but also in a nuanced reassessment of risk, liquidity, and the sequence of policy actions. If central-bank signaling, fiscal policy, and market expectations diverge from historical patterns, then Bitcoin’s performance could diverge from the conventional correlation with rate movements.
Market participants are already weighing these possibilities against current price realities. Bitcoin’s price of around $70,503 and its 30-day decline of roughly 22.5% reflect a market navigating uncertainty about policy direction, liquidity, and macro risk sentiment. The presence of a forward-looking probability for rate cuts in 2026—27% on a Polymarket track—signals that traders are trying to parse a possible shift in the policy landscape even as the near-term trajectory remains unresolved. In this context, the coin remains a focal point for discussions about how crypto assets respond to evolving macro conditions, rather than simply reacting to immediate rate moves.
While the thesis invites cautious optimism about Bitcoin’s resilience in a higher-rate environment, it also invites scrutiny about the assumptions underpinning the narrative. The timing, magnitude, and persistence of any rate adjustments, as well as the broader spectrum of liquidity and market participation, will be critical. The discussion continues to unfold in the public sphere, with analysts and investors closely watching policy signals, macro data, and on-chain indicators to determine whether the “positive row” scenario could materialize or remain a theoretical construct. In the meantime, observers should acknowledge that the path for Bitcoin remains contingent on a confluence of factors, including central-bank decisions, fiscal policy evolution, macro resilience, and the evolving psychology of risk in a shifting financial system.
Crypto World
How Low Can Pi Network’s PI Go? Shocking Bear-Market AI Scenarios After the Latest ATLs
After several consecutive all-time lows, where is PI’s bottom and how deep can it plunge?
It has been just under a year since the controversial project’s native token began trading on several exchanges. The journey so far has been quite underwhelming for investors, who saw the PI token rocket to an all-time high of $2.99 in late February 2025 and then experienced what can only be described as a massive cataclysmic nosedive.
PI dumped by more than 95% in less than a year. The past few weeks have been particularly painful as the token crashed to consecutive all-time lows, with the latest being at $0.1338 (on CoinGecko) after a 40% decline in a month. Although it has recovered slightly to nearly $0.145, overall sentiment has taken its toll, and the question is whether PI will drop even further.
New ATLs Ahead?
To gain a different perspective on the matter, we asked ChatGPT and Gemini. OpenAI’s alternative explained that PI’s inability to respond positively to recent network updates, which we have repeatedly highlighted, is a clear sign that its market structure and supply dynamics are dominating overall sentiment.
The steady decline to new lows suggests that the selling pressure remains persistent, the speculative demand is weak, and there’s insignificant external capital entering the market.
“Unlike more established altcoins, PI lacks deep liquidity buffers. When selling accelerates, price discovery to the downside can happen fast – as the recent crash demonstrated,” ChatGPT added.
It outlined a few scenarios ahead for PI, with the extreme bear-case predicting a massive plunge to $0.06-$0.08. This “true capitulation phase” would be possible if the token unlock pressure continues, liquidity remains thin, and the broader market sentiment deteriorates even further.
However, ChatGPT reiterated that this is an extreme scenario. Instead, it envisions a more likely decline to $0.10 before the token can bottom out and find more solid support.
Or Even Worse…
Gemini said the daily chart for PI paints a clear “stairway to hell” picture ever since it broke down beneath $0.20. Interestingly, it was even more bearish on PI’s future price performance since the token is now in “no man’s land” below $0.15.
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If the asset fails to reclaim $0.16 by the end of the week, the next major technical liquidity pool sits at $0.05-$0.06, which would be another 65% crash from current levels. There’s another, even worse path ahead, which Gemini called “the zombie chain scenario.”
In it, PI would dump below $0.05 and will effectively become a “zombie coin” – high holder count, zero trading volume, and interest. However, the current odds for such a mindblowing crash are below 20%, Gemini explained, as it would require full investor capitulation, sell-offs by the Core Team, and overall market collapse.
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Crypto World
Trend Research Dumps Over 400K as Liquidation Risk Rises
Ethereum investment vehicle Trend Research continued to reduce its Ether exposure, as the latest market crash pushed the treasury company to sell off its assets to pay back loans.
It held about 651,170 Ether (ETH) in the form of Aave Ethereum wrapped Ether (AETHWETH) on Sunday. That amount dropped by 404,090, to about 247,080 on Friday, at the time of writing.
Trend Research transferred 411,075 ETH to cryptocurrency exchange Binance since the beginning of the month, according to blockchain data platform Arkham.
The transfers occurred as ETH price dropped almost 30% in the past week, to as low as $1,748 on Friday, according to CoinMarketCap. It traded at $1,967 at the time of writing.

Related: Sharplink pockets $33M from Ether staking, deploys another $170M ETH
Trend Research continues risk management as ETH liquidation level approaches
Trend Research has been tied to Jack Yi, founder of Hong Kong-based crypto venture firm Liquid Capital. Yi accumulated his Ethereum investment company’s holdings by purchasing ETH at an exchange, using that as collateral on Aave to borrow stablecoins, then using those funds to acquire more ETH.
Trend Research faces multiple ETH liquidation levels between $1,698 and $1,562, wrote blockchain data platform Lookonchain in a Friday X post.

Yi, said in a Thursday X post that he remains bullish despite admitting that he called for a bottom in crypto valuation too early and will continue to wait for a market recovery while “managing risk.”
Related: BitMine buys $105M Ether to kick off 2026, still holds $915M in cash
Trend Research came into the spotlight days after the $19 billion liquidation event of October 2025, when the investment firm began its aggressive Ether accumulation.
Trend Research would have ranked as the third-largest Ether holder in December, but as an unlisted company, it doesn’t appear on most tracking websites.
Bitmine, the largest public corporate Ether holder, was sitting on about $8 billion in unrealized profit on Friday.
Magazine: DAT panic dumps 73,000 ETH, India’s crypto tax stays: Asia Express
Crypto World
XRP Whales Just Bought Big, Will Price Recover to $2?
XRP has staged a sharp rebound after a steep sell-off rattled investor confidence across the market. The token had suffered heavy losses, triggering fear-driven exits among retail holders.
However, select investor cohorts viewed the decline as an opportunity. Their strategic accumulation has already begun shifting momentum in XRP’s favor.
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XRP Holders Exhibit Substantial Support
XRP whales have taken an active role in driving the recent recovery. Over the past 48 hours, wallets holding between 100 million and 1 billion XRP accumulated more than 230 million tokens. At current prices, this buying spree exceeds $335 million, signaling strong conviction among large holders.
This accumulation coincided with Friday’s rebound, highlighting whales’ influence on price direction. Large-scale buying reduces circulating supply and absorbs sell-side pressure.
Such behavior often acts as a catalyst during corrective phases, helping stabilize price and restore confidence when broader sentiment remains fragile.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Network activity also supports the recovery narrative. New XRP address creation surged alongside whale accumulation. Over the same 48-hour period, first-time transacting addresses increased by 51.5%, reaching 5,182. This marks the highest level of new participation in roughly two and a half months.
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An influx of new investors strengthens rallies by injecting fresh capital rather than recycling existing liquidity. Rising participation suggests growing interest beyond short-term speculation.
With new addresses expanding and whale support present, XRP’s recovery attempt gains structural backing at the macro level.
What Is XRP Price’s Next Target?
XRP is trading near $1.46 at the time of writing, hovering just below the $1.47 resistance. The altcoin rebounded 20.5% after a severe downturn that erased 36% of its value in a few days. This bounce reflects improving demand conditions following capitulation.
Whale accumulation and rising network activity increase the probability of further upside. A push toward $1.70 appears achievable in the near term. This level represents a key psychological barrier. A successful break would likely attract additional inflows and strengthen the recovery structure.
Downside risk remains if resistance holds. Failure to clear $1.58 could invite renewed selling pressure. Under that scenario, XRP may fall below $1.37 and slide toward $1.28. Such a move would invalidate the bullish thesis and erase a significant portion of the recent rebound.
Crypto World
Marathon Digital Moves 1,318 BTC to Institutional Wallets Amid Bitcoin Dip
TLDR:
- MARA moved 1,318 BTC (~$86.9M) to Two Prime, BitGo, and Galaxy Digital in a 10‑hour window.
- The largest transfer of 653.773 BTC went to Two Prime, indicating structured institutional flows.
- Transfer occurred as Bitcoin traded in the mid‑$60K range during recent market weakness.
- Marathon still holds ~52,850 BTC, keeping it among the top reported public holders.
Marathon Digital Holdings recently transferred 1,318 BTC (~$87 million) to institutional platforms, including Two Prime, BitGo, and Galaxy Digital, within about 10 hours.
Bitcoin traded near mid‑$64,000 during the transfers. Despite the outflow, MARA still holds roughly 52,850 BTC, ranking among the largest corporate holders of Bitcoin globally.
MARA’s Institutional Transfers and Strategic Management
Marathon Digital Holdings transferred 1,318 BTC, valued at approximately $86.89 million, to institutional wallets over a short period.
The recipients included Two Prime, BitGo, and Galaxy Digital, demonstrating intentional allocation rather than reactive selling.
Two Prime received the largest portion, including 653.773 BTC worth around $42 million, along with smaller tranches. This wallet suggests the coins may support collateralized yield, hedging, or other structured financing strategies.
This indicates operational planning rather than market panic. BitGo handled nearly 300 BTC, consistent with its custody-first service for secure storage, settlement, or pre-OTC positioning.
Galaxy Digital, linked via Anchorage wallets, received the remaining coins, reinforcing the institutional nature of these transfers and highlighting coordinated treasury management.
Even after moving 1,318 BTC, MARA still holds 52,850 BTC, ranking as the second-largest publicly reported holder. The transfers represent roughly 2.5% of total holdings, suggesting measured liquidity management.
These moves likely fund operations, manage debt, or prepare for market volatility without requiring large-scale liquidation. The timing of transfers coincided with Bitcoin trading around $64,840, down almost 10% in 24 hours.
While such a decline might appear bearish, the involvement of institutional wallets indicates that these moves were planned and strategic. MARA’s approach reflects controlled, professional treasury operations rather than panic-driven exits.
Bitcoin Price Movements and Market Absorption
During the same period, Bitcoin opened near $68K, but sellers quickly drove the price below $60K. This sharp drop reflects forced deleveraging and cascading long liquidations rather than organic market behavior.
Buyers entered aggressively near $62K, driving the price back above $64K and through $65K. The pattern formed higher lows, showing absorption of selling pressure and resilience among stronger market participants.
The market did not continue lower, reflecting controlled capital deployment despite volatility. By the end of the trading window, Bitcoin nearly retraced the full drawdown, stabilizing near $68K.
Combined with MARA’s structured BTC transfers, this indicates deliberate repositioning under stress rather than distressed selling. Large holders can move significant amounts while maintaining balance in the market.
These coordinated transfers, paired with price absorption, illustrate operational management and strategic liquidity positioning.
MARA’s actions show careful deployment of its Bitcoin holdings, emphasizing treasury oversight and market awareness.
Crypto World
Tether mints $1B USDT as stablecoin issuance tops $4.7B in a week
Stablecoin issuer Tether has minted another $1 billion worth of USDT, adding to a sharp rise in stablecoin issuance over the past week, according to on-chain analytics firm Lookonchain.
Summary
- Tether minted $1B USDT, adding to roughly $4.75B in stablecoins issued by Tether and Circle over the past week, according to Lookonchain.
- Analysts caution the surge is a liquidity signal, not a buy signal, noting that rising stablecoin supply has also coincided with choppy or falling Bitcoin prices.
- Markets are watching deployment, redemptions, and velocity, alongside macro factors like ETF flows and derivatives funding, for confirmation of bullish momentum.
The latest mint brings total stablecoin issuance by Tether and Circle to roughly $4.75 billion in the past seven days, highlighting a rapid expansion in crypto market liquidity even as broader markets remain under pressure.
Lookonchain noted that the most recent USDT mint occurred on the Tron network, as Bitcoin (BTC) continued to trade around the $66,000 level.

Liquidity signal, not a buy signal
Crypto analyst Milk Road cautioned that while large stablecoin mints are often framed as “dry powder” for a market rebound, the signal is more nuanced.
According to Milk Road, roughly $3 billion in stablecoin issuance over just three days points to liquidity building within the market’s infrastructure rather than an immediate directional bet on prices.
Historically, rising stablecoin supply has preceded bull runs, but similar conditions have also occurred during choppy or declining Bitcoin markets.
“Stablecoin supply growth alone isn’t a directional indicator,” Milk Road said, describing it instead as a liquidity and readiness signal.
What markets are watching
Analysts say the key indicators to monitor are whether stablecoin issuance is accompanied by low redemptions, improving velocity, and deployment onto exchanges, alongside supportive macro conditions such as ETF inflows and favorable derivatives funding rates.
Absent those signals, rising stablecoin supply may simply reflect market participants positioning capital, rather than actively deploying it.
As Milk Road put it, the market may be “loading ammunition, not pulling the trigger.”
Crypto World
Ripple (XRP) Surges 20.1% as All Assets Trade Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 1944.26, up 6.7% (+121.31) since 4 p.m. ET on Thursday.
All 20 assets are trading higher.

Leaders: XRP (+20.1%) and HBAR (+13.1%).
Laggards: AAVE (+1.9%) and BNB (+3.0%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Crypto World
Bithumb Fixes Payout Error After Abnormal Bitcoin Trades
In South Korea, Bithumb disclosed it detected and corrected an internal payout error that briefly sent an abnormal amount of Bitcoin (CRYPTO: BTC) to a subset of users during a promotional event, triggering swift volatility on the exchange. In an official Friday notice, the operator explained that some recipients liquidated part of the mistakenly credited BTC, prompting a price dislocation that was halted within minutes as internal controls restricted affected accounts and prevented cascading liquidations. The exchange stressed this was not linked to any hack or security breach and that customer assets remained secure as trading, deposits and withdrawals continued normally. The incident underscores the operational risks embedded in real-time promotional activity at centralized venues, even as systems respond to anomalies in near real-time.
The firm also signaled that it had tightened its internal safeguards to avoid a repeat of the episode, while promising transparent follow-ups on steps taken to bolster payout accuracy and account-level safeguards. While the company did not disclose the exact amount involved, users on social media posited that several accounts may have been credited with as much as roughly 2,000 BTC, a figure that could not be independently verified at this stage.
In a broader context, the episode arrives amid ongoing scrutiny of how centralized exchanges handle rapid price moves and user activity during promotions. Bithumb’s January disclosure about dormant assets—roughly $200 million held across 2.6 million inactive accounts as part of a recovery effort—illustrates a continued effort to reconcile long-tail liabilities and improve asset management under regulatory expectations. The exchange’s public scrutiny comes as market data show Bithumb’s trading activity remains material, with CoinGecko reporting substantial 24-hour volume and a trust score reflecting observed risk elements in the platform’s operations.
As the sector contends with periodic operational frictions, the push to demonstrate robust risk controls has grown louder. Earlier in the year, Coinbase acknowledged that account restrictions could hamper user activity during stress periods, reporting improvements after deploying enhanced machine-learning models and upgraded infrastructure to reduce unnecessary account freezes by a meaningful margin. The lessons from these experiences feed into a wider narrative about how exchanges balance user experience, security, and liquidity during unpredictable market conditions.
During a separate episode last fall, a major crypto venue faced widespread user concerns that some traders could not exit positions during a sharp sell-off. While the exchange argued that its core infrastructure remained intact and that liquidity conditions in the market were the primary drivers of liquidations, it ultimately distributed a substantial compensation package to affected users. The episode underscored how a combination of market dynamics and technical hiccups can amplify user frustrations even when the underlying systems remain capable of handling the broader trading flow.
Taken together, the incidents spotlight a recurring theme in the crypto ecosystem: the fragility of operations under stress, even when asset custody remains sound. Bithumb’s public acknowledgement of the error, combined with the quick containment measures and commitment to future preventive steps, reinforces the industry’s emphasis on transparency and continuous improvement. For investors and users, the key takeaway is that while asset security is guarded, execution risk—whether from payout misfires, liquidity gaps, or automated processes—continues to test the resilience of centralized platforms.
Market reaction and key details
Beyond the immediate price movement, observers are watching how exchanges sanitize anomalies that arise from promotional events or internal misconfigurations. The incident at Bithumb shows that even minor missteps can ripple through intraday prices, prompting a swift response from risk teams to halt affected accounts and restore orderly trading. The episode also highlights the role of governance and internal controls as central levers for mitigating systemic risk within single venues, particularly when millions of dollars of daily volume can hinge on a handful of credited accounts.
For context, the broader market has navigated a string of operational challenges across major platforms. The Coinbase episode in mid-year highlighted the tension between security measures and user access, with the exchange reporting improvements in preventing unnecessary account freezes. Binance, on the other hand, faced widespread complaints when volatility surged, and while the firm maintained that core trading engines held up, it nonetheless issued compensation to users impacted by the disruption. These instances collectively emphasize that operational uptime, real-time risk controls, and transparent communications are becoming core differentiators for centralized exchanges in a crowded landscape.
Looking at liquidity and market sentiment, trackers show continued appetite for exchange participation, even as demand peaks temporarily during promotional campaigns. Bithumb’s reported metrics—coupled with its commitment to disclose corrective actions—signal a path toward restoring trust through accountability. The exchange also remains under the watchful eye of analysts tracking the health of liquidity providers and the ability of platforms to gracefully unwind unintended or erroneous credits without triggering cascading liquidations or systemic stress.
The episode’s significance extends beyond a single incident. It reinforces a broader narrative about how crypto markets are maturing: incidents are increasingly identified, contained, and followed by concrete governance steps. Investors now expect rapid disclosures, independent follow-ups, and demonstrable improvements in both on-chain and off-chain processes. While the immediate fallout may be contained, the long-term impact rests on whether exchanges translate lessons learned into durable practice that can withstand future shocks.
Why it matters
For users, the incident underscores the importance of robust account protections and the value of clear, timely communications from exchanges following any anomaly. For operators, it highlights the necessity of automated safeguards that can quickly detect unusual credit patterns and isolate affected accounts before they ripple outward to price and liquidity. The emphasis on transparent post-event action—detailing what went wrong, how it was fixed, and what changes will be implemented—helps restore confidence in a space where trust and reliability are paramount.
From a market perspective, the episode contributes to a growing realization that operational risk is an intrinsic component of centralized platforms. While custody and asset safety are critical, execution risk—particularly during promos and periods of high volatility—can shape user behavior and liquidity provisioning. The industry’s response, including better incident reporting, tighter internal controls, and proactive communication, is likely to influence how funds flow across exchanges and how investors price resilience into their risk models.
For builders and regulators, the event offers a case study in the balance between innovation and oversight. As platforms explore new products, incentives, and cross-border activities, the need for clear governance frameworks and standardized incident reporting becomes more acute. The ongoing dialogue between exchanges, users, and policymakers could set the groundwork for more robust operational standards across the crypto ecosystem.
What to watch next
- Follow-up disclosures from Bithumb detailing corrective actions and any independent reviews of the payout process.
- Any updates to internal controls and the redeployment of automated checks to prevent similar miscredits.
- Regulatory or industry-led audits assessing operational risk management on centralized exchanges in Korea and beyond.
- Monitoring by liquidity providers and market makers for signs of lingering price effects or liquidity gaps around the incident timeframe.
Sources & verification
- Bithumb official announcement: https://feed.bithumb.com/notice/1651924
- Dormant assets report referenced by Bithumb: https://cointelegraph.com/news/bithumb-dormant-crypto-assets-200m-inactive-accounts
- CoinGecko exchange page for Bithumb (trust score and volume): https://www.coingecko.com/en/exchanges#:~:text=As%20of%20today%2C%20we%20track,%2C%20Coinbase%20Exchange%2C%20and%20OKX.
- Binance support article cited for liquidity disruptions: https://www.binance.com/en/support/announcement/detail/3d45a1ab541f463982d59c8de85e36b8
- Scott Melker commentary referenced in discussion of the incident: https://x.com/scottmelker/status/2019812751150088197
Crypto World
Bithumb accidentally gave away 2,000 BTC and crashed its market
Bitcoin (BTC) has flash crashed 10% on the South Korean exchange Bithumb after a user sold 2,000 BTC that they received by mistake from a promotional airdrop.
Earlier today, X users noted that Bithumb’s listed BTC/South Korean Won (KRW) trading pair plummeted by 10% in the space of a minute before returning to its original price.
The account “Definalist,” which claims to be made up of five crypto traders based in China, noted the price drop and a “rumor” that someone dumped 2,000 BTC.
They also appeared to show a screenshot taken from the seller’s account while they were dumping the BTC, which in today’s less-than-stellar crypto markets would fetch $134 million.

Read more: Bithumb boosts security in wake of SK Telecom malware hack
Definalist later claimed that hundreds of users may have received 2,000 BTC accidentally after an employee typed BTC, instead of KRW, when sending out 2,000 KRW ($1.4) as part of a “random box prize” promotional giveaway.
Bithumb confirms it sent ‘abnormal’ sums of BTC to users
Bithumb has since confirmed some details of the incident, although it didn’t confirm the quantity of BTC nor the number of customers who received mistaken disbursements.
It admitted that an “abnormal” sum of BTC was paid to various users, and that BTC’s price “temporarily fluctuated sharply as some accounts that received the BTC sold it.”
It notes that it was able to restrict the accounts selling the BTC and added that “the market price returned to normal levels within five minutes, and the domino liquidation prevention system functioned normally, preventing chain liquidations due to the abnormal BTC price.”
“We want to make it clear that this incident is unrelated to any external hacking or security breach, and does not pose any issues with system security or customer asset management,” the exchange said.
If Bithumb did in fact send 2,000 BTC to at least 100 users, thats a minimum distribution of $13 billion.
BTC crashed almost 47% from its all-time high of $126,000 last October but has, for the time being, gradually begun to increase in price again.
The flash crash is another problem for Bithumb after South Korea’s financial competition watchdog raided its office last week over various promotions it advertised last year.
Protos has reached out to Bithumb for comment and will update this piece should we hear back.
Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
Crypto World
Wall Street remains split after earnings miss
IREN’s (IREN) latest earnings offered a snapshot of a company mid-transition, with shares currently paying the price for that transition. The firm reported weaker-than-expected revenue and earnings as bitcoin mining took a back seat to its rapidly expanding AI cloud ambitions.
Crushed by record-low margins after the 2024 halving, bitcoin miners are recasting themselves as digital infrastructure players, converting power-hungry mining sites into AI-ready data centers in a bid for more stable, long-term revenue.
One of last year’s best-performing stocks, not just in crypto, but for the whole market, IREN has come back to earth a bit since hitting a record high near $77 in November. Down about 20% amid Thursday’s market crash, shares are flat on Friday at $39.77.
IREN has secured $3.6 billion in GPU financing tied to its Microsoft contract, alongside a $1.9 billion customer prepayment, funding that management says will cover roughly 95% of GPU-related capital expenditures as it scales its AI business, a development JPMorgan analysts Reginald Smith and Charles Pearce described as encouraging.
IREN’s fiscal second-quarter revenue fell sequentially as lower average hashrate, fewer coins mined and a quarter-over-quarter drop in bitcoin prices weighed on results, according to the Wall Street bank.
The drag from mining was partly offset by rapid growth in cloud services, where revenue more than doubled from the prior quarter to $17 million. That figure came in above JPMorgan’s $14 million estimate but well short of the Street’s $28 million forecast. Management said all GPUs currently energized are fully contracted, a signal the bank described as encouraging as the company pivots toward AI infrastructure.
Cost controls also helped cushion the quarter. Cash SG&A dropped sharply to $43 million, while power costs declined on lower average hashrate. As a result, adjusted EBITDA reached $75 million, beating the bank’s estimate, driven by lower operating and energy expenses. The bank has an underweight rating on the stock.
Investment bank B. Riley raised its price target on IREN to $83 from $74 while reiterating its buy rating, arguing that the recent pullback has created an attractive entry point.
The upgrade comes despite a softer fiscal second quarter, during which adjusted EBITDA of $75.3 million missed expectations. B. Riley said the earnings miss is overshadowed by IREN’s progress on its AI pivot, including $3.6 billion in low-cost GPU financing tied to its Microsoft deal, a $1.9 billion prepayment that covers about 95% of GPU capex, and an expanded power portfolio now exceeding 4.5 gigawatts (GW).
Compass Point analyst Michael Donovan reiterated a buy rating and a $105 price target on IREN, saying the latest earnings show a company better positioned for growth, even though recent results were weaker. He said IREN now has more secure power and a clearer plan to fund its expansion, which matters more than one soft quarter.
Donovan described the fourth quarter as a period of change. Revenue fell to $184.7 million as the company mined less bitcoin while shifting its facilities from older bitcoin-focused machines to newer chips used for artificial intelligence. Even so, the mix of revenue improved as AI-related services began to make up a larger share of the business.
He pointed to the $3.6 billion financing package linked to IREN’s Microsoft project as an important milestone. The funding is larger than originally planned and is structured so that money is drawn as construction moves forward and revenue contracts kick in.
Donovan expects IREN to begin recognizing revenue from Microsoft toward the end of the second quarter of 2026, with revenue increasing in stages after that. By the end of 2026, he sees a path for the business to generate about $3.4 billion in annualized revenue.
Read more: Weak earnings drag IREN, Amazon; bitcoin stocks rebound in pre-market
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