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Bitcoin & Ethereum News, Crypto Prices & Indexes

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Crypto Breaking News

Bitcoin (CRYPTO: BTC) steadied as Wall Street opened on Monday, marking a calmer exit from an earlier burst of volatility while gold extended its march toward February highs. Traders surveyed a landscape where risk-on catalysts were scarce and liquidity appeared to coalesce around key price levels. In this environment, analysts highlighted a potential range-bound dynamic for BTC, with buyers and sellers evaluating the same technical anchors that have governed recent moves. The broader macro backdrop—dovish whispers on inflation and a wary risk appetite—helped anchor prices as investors awaited clearer directional cues.

Key takeaways

  • Bitcoin is expected to bounce within a defined range, with Fibonacci levels shaping the near-term support and resistance boundaries after a spell of pronounced volatility.
  • The Coinbase Premium Index briefly flipped to positive territory for the first time in four weeks, suggesting a narrowing price gap between Coinbase’s BTC/USD and Binance’s BTC/USDT pairs.
  • On-chain data point toward defensive market behavior, as mean exchange outflows spike and large holders continue accumulating coins off exchanges.
  • Analysts describe a broad risk-off stance across spot, derivatives, ETFs, and on-chain indicators, reinforcing a cautious mood despite occasional shifting signals.
  • Whale activity is being watched closely, with CryptoQuant noting aggressive accumulation patterns on Binance during a period of price testing near the upper range.

Tickers mentioned: $BTC

Sentiment: Bearish

Price impact: Neutral

Trading idea (Not Financial Advice): Hold

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Market context: The current phase sits within a broader environment of liquidity questions, cautious positioning, and mixed signals from on-chain data, as traders weigh potential catalysts and macro developments that could reaccelerate price discovery.

Why it matters

The near-term trajectory for Bitcoin remains tethered to a delicate balance between selling pressure and the willingness of large buyers to step in. As BTC hovers near technical levels, traders are parsing whether current price action represents a genuine base formation or a pause before the next leg of directional movement. The combination of subdued volatility on the hourly time frame and rising on-chain activity around key levels suggests that market participants are preparing for a potential breakout—but only if liquidity and demand align at the right junctures.

On the exchange front, the Coinbase Premium Index’s move back into positive territory, albeit briefly, adds texture to the narrative. The metric, which tracks the relative pricing between Coinbase’s BTC/USD and Binance’s BTC/USDT pairs, has historically offered a rough proxy for where demand is strongest across major venues. A short-lived positive reading can signal shifting demand dynamics or a reevaluation of where liquidity will materialize first in a range-bound regime. Yet observers caution that a temporary tilt does not guarantee a sustained updraft, especially when broader risk-off signals persist elsewhere in crypto markets.

From an on-chain perspective, CryptoQuant documented a notable intake of coins away from exchange wallets, a classic hallmark of accumulation by large holders during periods of price consolidation. The narrative—described in the Quicktake piece as “accumulation during capitulation”—frames current activity as a potential precursor to a support base that could anchor prices if demand steadies. In tandem, the two-week moving average of mean exchange outflows reached 13.3 BTC per withdrawal on Feb. 8, a level that underscores the scale at which investors have been moving coins off centralized venues. Taken together, these signals hint at a more nuanced dynamic than simple momentum-driven moves, where hedging and reserve-building among market participants may provide a floor even as sentiment remains cautious.

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“The market is currently witnessing a classic ‘accumulation during capitulation’ scenario,” CryptoQuant analysts wrote, noting that while sentiment remains fearful, the surge in mean exchange outflows points to active buying by large players.
“While sentiment is fearful, the sharp rise in the Mean Exchange Outflow confirms that large-scale investors are aggressively buying and withdrawing Bitcoin, signaling potential support formation at these levels.”

Beyond BTC alone, industry watchers pointed to a persistent risk-off tone across the ecosystem. Glassnode’s Market Pulse characterized conditions as defensive across spot, derivatives, ETFs, and on-chain indicators, noting compressed profitability and negative capital flows alongside elevated hedging demand after recent repricing. While some signals hint that selling pressure could be moderating, analysts emphasized that a durable rebound would likely require renewed spot demand capable of lifting prices above recent lows. The overall mood, while not uniformly bearish, remains cautious, with players calibrating risk management and liquidity considerations as macro narratives continue to evolve.

In the background, gold referenced a similar tension in risk appetite, continuing a broader push toward safe-haven assets as investors weigh the trajectory of rates and inflation expectations. The precious metal’s move toward new month-to-date highs provided a contrasting backdrop to crypto markets, highlighting the ongoing interplay between traditional assets and digital markets in a mixed macro environment.

What to watch next

  • BTC price action around the defined Fibonacci levels: watch for a decisive break above or below current bands to confirm the range-bound thesis or signal a breakout.
  • Movement in the Coinbase Premium Index: a sustained positive reading or a reversion could provide early hints about shifting exchange demand dynamics.
  • On-chain accumulation signals: monitor changes in mean exchange outflow and large-holder activity that could indicate loosening or tightening supply pressure.
  • Glassnode Market Pulse updates: any shift toward risk-on indicators or renewed profit-taking could influence near-term sentiment and liquidity flows.

Sources & verification

  • TradingView BTCUSD price data on the BITSTAMP feed used to gauge volatility and range formation.
  • CryptoQuant: Coinbase Premium Index data showing the index behavior around February 2026.
  • CryptoQuant Quicktake: Bitcoin Aggressive Whale Accumulation on Binance and related discussion of capitulation-era accumulation patterns.
  • Glassnode: Market Pulse report for February 2026, describing risk-off conditions across spot, derivatives, ETFs, and on-chain metrics.
  • Public posts on StefanB’s X feed and CW8900’s tweet, illustrating trader sentiment and real-time micro-structure signals in BTC volatility and liquidity.

Bitcoin price action in a quiet range as momentum ebbs

Bitcoin (CRYPTO: BTC) has settled into a quiet framework after an eventful period, with price momentum cooling as traders await catalysts that could tip the balance toward a new trend. The market’s current complexion leans toward a defined range, with technical observers identifying Fibonacci retracement levels as the principal scaffolding around which near-term price action is likely to rotate. The absence of a clear directional impulse has encouraged participants to posture for a breakout or a sustainable pullback, depending on which side of the spectrum liquidity and demand prefer to emerge.

Analysts on X and other analytics platforms have highlighted a convergence of signals that are consistent with a cautious, range-bound stance. A notable commentary from StefanB underscored the idea that the market might be building liquidity into critical levels, a scenario often observed after episodes of elevated volatility. In practical terms, that means traders are watching price action near well-defined support and resistance horizons, waiting for a decisive move that could establish a new baseline for the next leg of the cycle. As the price slices through these thresholds, a sustained shift in volatility could either validate the range-play hypothesis or usher in a fresh wave of liquidity that drives BTC beyond the current confines.

On-chain data contribute a complementary perspective. The Coinbase Premium Index’s recent move into positive territory, even if temporary, points to a shifting balance of demand across major venues. The metric’s trend, combined with CryptoQuant’s discussion of aggressive whale accumulation on Binance, paints a more nuanced picture than simple speculation about price—one in which large players appear to be consolidating positions in preparation for potential price resilience. The argument for accumulation is reinforced by the reported rise in mean exchange outflows, a signal that investors are methodically removing coins from centralized exchanges to reduce selling pressure and preserve optionality as prices test nearby resistance.

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Still, the broader market mood remains cautious. Glassnode’s Market Pulse notes that profitability across spot and derivatives has been compressed and hedging demand remains elevated, underscoring the fragility of any optimistic takeaway. In this environment, even as some indicators hint at underlying support, the absence of robust spot-driven demand means any upside may depend on a convincing uptick in risk appetite or a surprising development in macro data that redefines the risk-reward calculus for crypto assets.

Gold’s ongoing strength adds a macro layer to the discussion. As bullion tests new highs for the month, investors are reminded of the complex interplay between traditional assets and digital markets. The current cross-currents—ranging from inflation expectations to liquidity dynamics—highlight why BTC’s trajectory remains highly context-dependent, with a broad spectrum of catalysts capable of reshaping investor positioning in the short to medium term. The narrative continues to emphasize caution and disciplined risk management, even as people remain vigilant for a breakout that could unlock a fresh phase of price discovery.

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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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WLFI price outlook as bulls target key resistance at $0.14

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WLFI price outlook as bulls target key resistance at $0.14
  • World Liberty Financial’s price traded to highs of $0.1145 in the early hours on Monday.
  • The WLFI token could break to $0.14 or higher if bulls hold.
  • Broader market conditions may derail the momentum.

WLFI, the native token of the World Liberty Financial project, posted double-digit gains early on Monday, rebounding from losses that saw prices slide to lows near $0.09 on Friday.

Data from CoinMarketCap showed WLFI climbing more than 12% to intraday highs of $0.1145, placing it among the day’s top performers alongside Axie Infinity.

The rally was supported by a sharp rise in trading activity, with 24-hour volume surging 98% to more than $228 million.

The move also coincided with Bitcoin and Ethereum hovering near $70,000 and $2,000, respectively.

The rebound suggests the token is attempting to recover quickly from the lows recorded during last week’s broader market sell-off.

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WLFI price jumps to near $0.12

WLFI’s upward momentum propelled the token close to $0.12, with likely bullish drivers being a confluence of whale accumulation and an upcoming high-profile event.

Blockchain analytics firm Lookonchain reported that a new wallet had deployed $10 million in USDC to acquire 47.6 million WLFI tokens.

The large purchase was at an average price of $0.109, and data showed the whale still held more than $4.8 million of dry powder ready for fresh buying.

Adding to the bullish sentiment is the anticipation surrounding the World Liberty Forum.

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The event is slated for February 18 at Mar-a-Lago, and could feature investment heavyweights from Goldman Sachs, Franklin Templeton, and FIFA.

These developments come despite the latest spotlight on World Liberty Financial from Democrats, largely around the $500 million investment into the project by the UAE.

Investors defying the negative sentiment from this development look to have added to the buying pressure that pushed WLFI toward the $0.12 supply wall.

World Liberty Financial price prediction

Technical indicators on WLFI’s four-hour chart point to a strengthening near-term outlook, with prices trading above the midline of a descending channel.

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Further upside could see the token test the upper boundary of the channel.

From a technical perspective, this setup suggests the potential for a breakout, with a key supply zone located around $0.14.

WLFI Price Chart
WLFI price chart by TradingView

Momentum indicators are also supportive. The Moving Average Convergence Divergence (MACD) has registered a bullish crossover, while the Relative Strength Index (RSI) is hovering near 47, indicating neutral-to-bullish conditions as the market recovers from earlier overbought levels.

Traders are now focused on $0.14 as the main resistance level.

A sustained move above this zone could open the way toward $0.16, where the upper Bollinger Band and previous support levels converge.

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On the downside, a failure to hold support near $0.13 could trigger a pullback toward the lower end of the channel, around $0.10, underscoring the importance of strong volume confirmation for any further upside move.

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Will Bitcoin Pump or Crash From $70K? 3 Charts Can Answer

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Will Bitcoin Pump or Crash From $70K? 3 Charts Can Answer

Bitcoin is holding firm around the $70,000 level after one of its sharpest sell-offs this cycle, leaving investors split on what comes next. 

On-chain data, ETF flows, and market structure signals now point in two opposing directions, raising a key question: is Bitcoin preparing for another leg up, or setting up for renewed downside?

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Selling Pressure Remains Elevated

One of the clearest warning signals comes from Bitcoin’s growth rate difference between market cap and realized cap. The indicator remains in negative territory, historically associated with heavier selling pressure.

When realized cap grows faster than market cap, it suggests coins are being redistributed at lower prices rather than pushed higher by fresh demand. 

In past cycles, this environment made sustained price “pumps” difficult, as rallies were often met with distribution rather than follow-through.

Overall, current conditions suggest a structural selling pressure overwhelming demand.

Whales are Buying Bitcoin Aggressively

At the same time, on-chain accumulation data tells a very different story. Inflows to long-term accumulation addresses surged sharply during the recent dip, marking the largest single-day inflow of this cycle.

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Historically, such spikes tend to appear near local bottoms rather than tops. 

While accumulation does not guarantee an immediate rally, it signals that large holders are absorbing supply instead of distributing it.

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This creates a floor effect, limiting downside even when broader sentiment remains fragile.

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Price Holds Above Realized Value

Bitcoin is also trading well above its realized price, which currently sits near the mid-$50,000 range. That keeps the broader network in profit and reduces the risk of widespread capitulation.

Previous cycles show that deep, sustained bear markets typically occur only when price falls below realized levels for extended periods. 

For now, Bitcoin remains in a neutral-to-positive regime.

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Bitcoin Realized Price Currently Sits at $54,000. Source: CoinGlass

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ETF Flows Stabilize After Shock Outflows

US spot Bitcoin ETFs recorded heavy outflows during the crash, validating Arthur Hayes’ view that institutional hedging and dealer mechanics amplified the move. However, flows flipped back to strong inflows once prices stabilized near $60,000–$65,000.

That reversal suggests the worst forced selling has passed, though ETF demand has not yet returned to levels that would drive a breakout.

Weekly Bitcoin ETF Inflow and Outflow in 2026. Source: SoSoValue

Range-Bound, Not Explosive

Taken together, the data points to a market caught between accumulation and distribution. Whale buying and ETF stabilization support the downside, while persistent sell pressure limits upside momentum.

In the near term, Bitcoin is more likely to remain range-bound around $70,000 than enter a decisive pump or dump. 

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HTX Launches USDe Minting and Redemption Service

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21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR

  • HTX launches USDe minting and redemption service, offering an efficient platform for global users with enhanced features.
  • The new minting and redemption service eliminates the need for OTC liquidity, simplifying the process for users.
  • HTX introduces a daily rewards program for USDe holders, paid weekly, increasing capital efficiency and incentivizing participation.
  • Users can now access USDe with unlimited minting and redemption capabilities and uniform transaction costs.
  • HTX’s new campaigns, including APY boosts and trading competitions, encourage increased engagement with the USDe ecosystem.

HTX has launched its new USDe minting and redemption service, enhancing its platform with a daily rewards program for USDe holders. This service follows the recent listing of USDe and promises to provide a more efficient experience for HTX’s global user base.

USDe Minting and Redemption Now Available on HTX

According to the press release, the HTX minting and redemption process for USDe utilizes Ethena Labs’ smart contracts. The service eliminates the need for spot order books or OTC liquidity, simplifying the minting and redemption process.

This new feature provides benefits, including unlimited scale for minting and redemption and uniform transaction costs. With this integration, HTX users can smoothly enter or exit USDe positions, avoiding liquidity issues often seen in secondary markets.

The addition of USDe to HTX’s platform strengthens its position in both the DeFi and CeFi ecosystems. As HTX strives for innovation, these features enable users to manage their exposure to USDe with improved efficiency and transparency.

Daily Rewards and Additional Campaigns for USDe Holders

Alongside minting and redemption, HTX introduces a daily rewards program for users holding USDe in their spot accounts. Rewards will be paid weekly, allowing users to earn passive returns while maintaining dollar-denominated exposure.

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The initiative enhances capital efficiency, offering an attractive incentive to hold USDe on the platform. HTX users can also participate in several campaigns, such as the upcoming APY boost for USDe in HTX Earn. This will provide subscribers with an annual percentage yield of up to 15%.

In addition, users can compete in a trading competition to share a 10,000 USDe prize pool. These initiatives aim to increase engagement with the USDe ecosystem and incentivize users to participate in HTX’s offerings.

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Binance critics revive trading allegations against CZ after ETH whipsaw

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Binance critics revive trading allegations against CZ after ETH whipsaw

Amid ongoing backlash over its role in October 10’s liquidations and a bizarre chart of transactions from Saturday, critics of Binance are questioning founder Changpeng Zhao (CZ) over his repeated claims that he’s not an active crypto trader.

Sharing reminders about CZ’s ownership of market-makers Merit Peak Limited and Sigma Chain (which have both traded on Binance) critics decried a tether (USDT)-denominated ether (ETH) chart from Binance’s exchange on Saturday, alleging that CZ somehow was involved.

Binance intraday ETH/USDT chart, 5 second periodicity, Feb. 7, 2026. Source: TradingView, Binance

However, one of the most repeated assurances from CZ is that he is not an active crypto trader.

Indeed, in countless interviews, he tells a story of his brief attempt at active trading about a decade ago, concluding that he was entirely unskilled at that endeavor.

’I don’t trade at all’

For years, CZ has claimed, he’s not been an active crypto trader. Although he makes infrequent, long-term purchases, he reiterates that he’s “not a trader. I buy and hold.”

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CZ worked at Bloomberg and built high-frequency trading platforms for stockbrokers, so he had plenty of experience with active traders before his career at crypto businesses Blockchain.info, OKCoin, and Binance.

According to CZ’s version of his biography, he wanted to become a trader during the early years of his crypto career, didn’t succeed, and instead decided to focus on building Binance.

Rather than trade along the way, he’s focused on long-term investments: bitcoin (BTC), the Binance Coin (BNB) he founded, and most of all, equity in Binance itself.

“I don’t trade at all, I just hold bitcoins,” CZ said in a representative interview. “I hold BNB, and I don’t do daytrading.”

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Read more: Lawsuits are piling up against Binance over Oct. 10

CZ doesn’t need to trade to make billions from Binance

Bloomberg analysts agree that CZ’s long-held equity in Binance, for what it’s worth, accounts for the vast majority of his estimated $50 billion net worth.

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Even without any digital asset holdings, CZ could easily be worth tens of billions of dollars simply as the founding shareholder of his profitable company.

However, critics on social media have recently become skeptical of CZ, alleging or insinuating that he’s concerned with manipulating Binance trading pairs.

A highly suspicious whipsaw in ETH renewed their anger.

Just because trades occur on Binance, however, doesn’t mean that CZ or Binance are participating in those markets beyond its customary commissions for matching third-party orders.

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Wintermute CEO Evgeny Gaevoy called Saturday’s trading action “a market-maker bot blowing up to the tune of tens of millions,” defending his own market-making company from an accusation about scamming on Binance, for example.

For his part, CZ barely acknowledged the social media controversy. He summarized it as another example of FUD and posted recaps of his snowboarding trip, instead.

Got a tip? Send us an email securely via Protos Leaks. For more informed news, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.

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Remittix tops crypto altcoin charts worldwide as exchanges get set to list mega token Remittix

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Remittix tops crypto altcoin charts worldwide as exchanges get set to list mega token Remittix - 1

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

Remittix is climbing global altcoin charts as rising demand for payment-focused crypto and a wave of upcoming exchange listings put the token firmly in the spotlight.

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Summary

  • Remittix has sold over 703.7 million tokens, raised more than $28.9 million, and continues to gain traction through strong sales, user engagement, and a 300% bonus incentive.
  • Confirmed listings on BitMart and LBANK, with more exchanges preparing to onboard the token, are expanding Remittix’s global reach and liquidity.
  • A live wallet, upcoming PayFi platform launch on February 9, 2026, and CertiK verification are reinforcing Remittix’s position as one of the most closely watched altcoins of 2026.

Remittix tops crypto altcoin charts worldwide as exchanges get set to list mega token Remittix - 1

The crypto market is paying attention as Remittix climbs altcoin rankings across trading platforms and chart trackers. The interest in payment tokens has been on the increase with the growing demand for real utility in the blockchain world. Although other tokens fluctuate and experience volatility, Remittix has been successful in terms of sales and user engagement.

The project’s momentum has intensified as multiple exchanges prepare to list Remittix, giving the token broader access globally. Remittix isn’t just moving in the charts; it is becoming one of the most talked-about tokens in the crypto market.

How Remittix is rising in market attention

Remittix’s recent performance shows an increase in investor interest and adoption of the token. Remittix has sold more than 703.7 million out of the 750 million tokens available for sale at $0.123 and has raised more than $28.9 million, with the aim of reaching the milestone of raising approximately $30 million. 

The project’s 300% bonus, available via email activation, has also driven new buyers, increasing liquidity and attention.

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Beyond sales figures, Remittix has seen real product engagement. Its crypto wallet is live on the Apple App Store, with the Google Play release in progress. This wallet allows users to securely store, send, and manage assets ahead of the official platform launch on 9 February 2026, when the full PayFi services will go live. 

Some crypto analytics platforms have reported a climb in social mentions and ranking metrics tied to altcoin performance. This uptick in attention signals that Remittix is gaining traction among traders and investors looking at projects with both utility and growing demand.

Listing momentum is boosting Remittix exposure

Exchange listings are playing a key role in Remittix’s rising profile. BitMart and LBANK have already confirmed listings for Remittix, giving traders on those platforms direct access to trade and hold the token. These listings help expand liquidity and provide a broader market reach for users seeking exposure to Remittix as one of the fastest growing crypto in 2026.

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Preparations are underway for additional top-tier exchange listings that will open Remittix to even larger trading communities once the next funding milestone is hit. Market watchers note that broad exchange access often correlates with higher volume visibility and ranking improvements on altcoin charts.

Security and credibility support this expansion. Remittix is fully audited and verified by CertiK, holding a #1 ranking on CertiK Skynet with an 80.09 Grade A score from over 24,000 community ratings, which strengthens confidence among traders and long-term holders. 

Also, a 15% USDT referral program rewards engagement and helps broaden the user base. All of this activity, strong sales, listing momentum, live wallet adoption, and incentives, contribute to why Remittix attracts attention from both traders and long-term supporters.

Key drivers behind Remittix demand:

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  • Tackling the $19 trillion global payments market with real-world solutions
  • Seamless crypto-to-bank transfers across 30+ countries
  • Utility-focused token supported by genuine transaction activity
  • Deflationary tokenomics designed for long-term growth
  • Broad market appeal extending beyond traditional crypto users

Why Remittix continues to attract interest

Remittix’s growth in visibility is rooted in both its incentives and product rollout. Positioned at the intersection of crypto, payments, and global remittance, a $19 trillion market, Remittix aims to be the go-to crypto-to-fiat payment hub for merchants, users, and businesses worldwide. 

With the 9 February 2026 platform launch approaching, Remittix is moving from early momentum to real utility deployment. As more exchanges prepare to list the token and user engagement grows, Remittix stands as a clear example of how practical adoption and visibility can combine to lift a token’s presence across global charts.

To learn more about Remittix, visit the 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.

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CoinDesk 20 performance update: Bitcoin Cash (BCH) is only gainer, up 3.4%

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CoinDesk 20 performance update: Bitcoin Cash (BCH) is only gainer, up 3.4%


Aptos (APT) declined 9.4% and NEAR Protocol (NEAR) fell 8%, leading index lower.

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Solana price near key $75 support as RSI oversold signals potential bounce

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Solana price outlook
Solana price outlook
  • Solana (SOL) currently trades near $83 after a nearly 39% monthly drop.
  • Weekly and daily RSI signal the token is oversold, hinting at a possible short bounce.
  • The key support around $75 is critical to prevent further decline.

Solana (SOL) has been under intense pressure in recent weeks.

The altcoin currently trades around $83, down nearly 39% over the past month.

This decline comes amid broader weakness in the crypto market and low retail engagement.

Technical analysis shows that SOL’s weekly Relative Strength Index (RSI) is deeply oversold.

Some are suggesting that the token may have reached a “final dip,” referencing a long-term structural support around the $75 level, and eyes are now on whether this support can hold.

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Solana price technical analysis

From a technical standpoint, Solana’s trading volume remains high, with over $3.9 billion exchanging in the past 24 hours.

But despite this high activity, the token is trading well below key moving averages.

The 50-day and 200-day averages now act as the immediate resistance levels and remain out of reach for now.

Short-term momentum indicators, including the MACD histogram, have flattened, reflecting waning bearish momentum.

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In addition, on the daily and weekly charts, RSI remains near historic lows, indicating extreme oversold conditions.

Solana price chart
Solana price chart | Source: TradingView

This combination suggests potential for a short-term relief bounce, though trend reversal is not guaranteed.

Market sentiment shows a muted retail engagement

Retail interest in Solana remains muted, with recent reports showing low futures open interest, signalling that traders are reducing exposure.

Derivatives funding rates are also negative, suggesting bias toward short positions.

Solana ETFs have also recorded outflows, reinforcing weak institutional participation.

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Analysts note that these factors add to the bearish pressure on the token.

Still, technical indicators hint at a potential stabilisation near critical support zones, with the $75 level having been repeatedly cited as key support in recent forecasts.

Breaking below this threshold could open the door to further downside, possibly toward $67 or even $51 in extreme scenarios.

On the upside, recovery faces resistance around $111 and $138, which would need to be breached to shift the market sentiment positively.

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Long-term Solana market analysis

Long-term forecasts for Solana remain mixed.

Some analysts foresee recovery toward the mid-$100s if support holds and broader market conditions improve.

Bullish projections even extend toward $250, though these are contingent on sustained buying pressure and macro-level stability.

For now, the focus remains on short-term price stability.

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Investors and traders should keep a close eye on the $75 support, viewing it as a potential floor for consolidation.

SOL’s trajectory will likely depend on a combination of market sentiment, institutional flows, and technical momentum.

As it stands, Solana is navigating a critical juncture where its next move could define the tone for the coming months.

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Phemex introduces 24/7 TradFi futures trading with 0-Fee Carnival, creating an all-in-one trading hub

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Phemex introduces 24/7 TradFi futures trading with 0-Fee Carnival, creating an all-in-one trading hub
  • Phemex, a user-first crypto exchange, announced the launch of Phemex TradFi, a new futures trading offering.
  • Futures linked to commodities, foreign exchange, and global indices will be introduced in subsequent phases.
  • Phemex TradFi is designed for traders seeking simplicity and continuity across markets.

Apia, Samoa, February 9, 2025 — Phemex, a user-first crypto exchange, announced the launch of Phemex TradFi, a new futures trading offering that allows users to access traditional financial assets, including stocks and precious metals, on a 24/7 basis.

Futures linked to commodities, foreign exchange, and global indices will be introduced in subsequent phases.

The launch marks Phemex’s entry into multi-market derivatives, enabling traders to manage exposure to both crypto and traditional assets within a single, USDT-settled futures framework.

To support early adoption, Phemex is introducing a 0-Fee TradFi Futures Carnival, offering three months of zero trading fees, starting from February 6, on stock futures alongside a $100,000 incentive pool aimed at structured and risk-aware participation, and a first-trade protection mechanism that reimburses eligible users with trading bonus if their initial TradFi futures trade results in a loss.

Unlike spot markets that are constrained by exchange hours, TradFi futures continue price discovery outside standard trading sessions.

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By bringing this derivative structure into a crypto-native environment, Phemex allows users to respond to global macro events as they unfold, whether during nights, weekends, or market closures—without switching platforms or settlement systems.

Phemex TradFi is designed for traders seeking simplicity and continuity across markets.

Users can trade crypto and traditional futures side by side, benefit from transparent maker-taker pricing rather than spread-based execution, and apply strategy-driven tools to manage risk more systematically.

Copy trading support for TradFi futures is also planned, extending Phemex’s strategy trading ecosystem into traditional markets.

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“As markets become more connected and operate beyond fixed sessions, platforms need to evolve with them” commented Federico Variola, CEO of Phemex.

“Our goal with Phemex TradFi is not to replicate traditional markets, but to rethink how they are accessed — bringing continuous availability, unified settlement, and risk-aware tools into a single trading environment that reflects how traders actually operate today.”

The introduction of TradFi futures signals Phemex’s evolution from a crypto-native exchange into a broader derivatives platform built for always-on global markets.

As additional asset classes roll out, Phemex aims to offer traders a more integrated, resilient, and forward-looking way to navigate both digital and traditional finance.

About Phemex

Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation.

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With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed.

For media inquiries, please contact: [email protected]

For more information, please visit: https://phemex.com/

Media contact Oyku Yavuz PR Lead [email protected]

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This article is authored by a third party, and CoinJournal does not endorse or take responsibility for its content, accuracy, quality, advertisements, products, or materials. Readers should independently research and exercise due diligence before making decisions related to the mentioned company.

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Mother of Olympics TV host kidnapped for bitcoin ransom

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Mother of Olympics TV host kidnapped for bitcoin ransom

Nancy Guthrie, the 84 year-old mother of Today host Savannah Guthrie, was kidnapped from her rural Tuscon, Arizona home on February 1. While law enforcement has refused to confirm or deny whether two ransom notes sent to TMZ, KOLD, and KGUN were real, the media is operating under the assumption that they are.

The notes included two deadlines — one that passed without any updates and another that TMZ states has “an element of ‘or else’” — and demanded $6 million worth of bitcoin (BTC).

Media outlets haven’t clarified if the abductors are demanding a specific amount of BTC or a specific amount valued in dollars. If they’re demanding a specific number of BTC, the recent fall in the price could actually suggest that more than $6 million worth of the cryptocurrency was originally demanded.

As of today, $6 million would equate to roughly 85 BTC, on February 1, it would be 75-76 BTC.

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Savannah Guthrie has hosted NBC’s coverage of three recent Olympic games, however, she’s understandably unable to host this year.

During the opening ceremony, three hosts acknowledged her difficult situation and wished her well.

A hoax and a second note

In a confusing set of circumstances, a man from California sent the Guthries a fake ransom demand shortly before the likely real kidnappers, who had originally stated they wouldn’t contact any media or the family in the first note, sent a second ransom note.

A local reporter at KOLD spoke to CNN and stated that the note was shorter than the first and seemed to be an attempt to provide some sort of proof they still had Guthrie in their possession.

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Reporters have suggested that the emailed ransom demands are extremely secure and unlikely to be traced.

Read more: Crypto execs hiring private security after high-profile kidnappings, report

Sloppy or brilliant?

It is difficult to establish whether the Guthrie abductors are brilliant, investigators have been sloppy, or some combination of the two.

Surprises have included that there has reportedly been no footage obtained of either the perpetrators or the vehicle(s) in which they escaped, no suggestion that a so-called “proof-of-life” has been shared with the family, and that the abductors used BTC instead of a coin that is easier to shield, such as Monero or Zcash.

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It’s unknown if the kidnappers have demanded the BTC be sent to a single wallet address or want it broken up, or if they believe they know an exchange or mixer that would reliably accept the BTC and not be easily traced.

Damning for law enforcement is the fact that they have combed through the crime scene in Tuscon at least three times and have yet to come up with any leads or new information to share with the public.

A deadline and an introduction

It’s still unclear which timezone the 5:00pm deadline refers to or what threat is being levelled. The Guthries have sent out a distressing, public video in which they speak directly to the kidnappers.

“We received your message and we understand. We beg you now to return our mother to us so that we can celebrate with her. This is the only way that we will have peace. This is very valuable to us and we will pay.”

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While there’s little doubt that this horrifying crime has had a profound effect on the Guthrie family, Savannah Guthrie’s co-workers at Today, and others close to her, it’s also becoming more clear that entirely new demographics of the US population are about to be introduced to one of the absolute darkest sides to crypto.

The Today show averages almost 3 million viewers a day, with those who regularly tune in skewing older.

This means that an ongoing and growing global problem — that crypto is enabling kidnappers and extortionists to set up scam call centers or abduct the mother of a wealthy celebrity — will begin to finally worry older Americans.

Perhaps a new issue for the “Crypto President.”

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Not surprising, but shocking

Anyone who’s been following crypto for the past several years has heard about pig butchering.

The scam works by luring victims, usually from developing nations like China and Thailand, to vast scam call center campuses almost always located in Cambodia, Laos, or Myanmar.

Once the victim arrives, they’re imprisoned in apartment blocks and offices where they’re forced to cold text and call Westerners and romance them in a long con to get crypto.

Read more: Bitcoin torture suspects granted bail in Manhattan court

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An underreported, but important, element of the pig butchering scam is that victims are often able to contact family members to demand a ransom for their eventual release.

While an outsized ransom, such as the $6 million in BTC being demanded by the Nancy Guthrie kidnappers, is never asked for, the numbers are still high enough as to be out of reach for an average Chinese or Thai family.

This leads to victims languishing in the compounds for months or years at a time, but also leads pig butcherers to a secondary, less profitable source of income: kidnapping.

In this sense, perhaps the Guthrie kidnapping, while equal parts disturbing, terrible, and disheartening, is an important spotlight on what is now becoming a problem for everyone: cryptocurrency providing kidnappers a new, innovative way to actually get away with it.

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Andre Cronje’s Flying Tulip Gears Up for Public Sale

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Flying Tulip FDV Odds - Polymarket

The DeFi application is set to launch its public sale on Feb 16, with the token live on Feb 23.

The DeFi super application space is facing headwinds following the Infinex token generation event (TGE) in January, but despite the adverse market conditions, Yearn Finance founder Andre Cronje is launching Flying Tulip’s (FT) public sale next week.

Flying Tulip confirmed the sale date on Saturday, and prediction markets are giving the platform a 50-50 chance of trading above a $400 million fully diluted valuation (FDV), albeit on low volumes.

Flying Tulip FDV Odds - Polymarket
Flying Tulip FDV Odds – Polymarket

For comparison, Infinex’s INX token is trading at a $121 million FDV, leaving ICO participants at a 60% loss from its $300 million ICO valuation.

Flying Tulip looks to fill a similar niche as Infinex, offering users a single platform that allows them to leverage some of DeFi’s most popular applications, including perpetual derivatives trading, spot trading, and lending.

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However, Cronje has highlighted that the “Flying Tulip FDV is not standard FDV.” In a traditional model, FDV equates to the total supply multiplied by the token price, whereas the FT token includes an underlying put option, making it “closer to a NAV valuation than FDV.”

The protocol raised $200 million from the likes of Brevan Howard and DWF Labs in September, followed by a $25 million raise at a $1 billion valuation in January, $55 million via Impossible Finance, and $10 million via CoinList last week.

Flying Tulip is the YearnFi founder’s latest DeFi endeavor after Fantom, the Layer-1 blockchain that rebranded as Sonic. While Sonic started out hot, the token has struggled over the last year and is down 96% from its launch price, trading at a $160 million FDV.

SONIC chart
SONIC – CoinGecko

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