Crypto World
KuCoin CEO on MiCA, Europe entering new era of compliance
MiCA is fully in force, but the European Securities and Markets Authority (ESMA) and national regulators are warning that crypto asset service providers operating without authorization must either secure licenses or wind down as transitional periods expire into 2026.
Under MiCA, licensed exchanges face capital, asset segregation, disclosure, and governance requirements that materially raise the cost of doing business.
To learn more, crypto.news spoke with KuCoin CEO BC Wong on the heels of KuCoin’s recent press conference in Vienna, as well as its EU VIP Gala on Jan. 28.
CN: How does KuCoin view competitive dynamics in Europe over the next 18–24 months, and do you expect stricter enforcement to accelerate consolidation in favor of MiCA-licensed venues like KuCoin EU?
Wong: As transitional periods expire and supervisory expectations become more explicit into 2026, the European market is moving into a phase where regulatory compliance is a baseline requirement rather than a differentiator. MiCA establishes a high standard for governance, operational resilience, and consumer protection, and it is reasonable to expect that not every participant will choose to operate under that framework.
Over the next 18–24 months, we anticipate a gradual normalization of the market, with users and institutional partners increasingly prioritizing regulated, transparent venues that are built for long-term participation in the European financial system. KuCoin EU was designed with this environment in mind from the beginning, with compliance and sustainability embedded into its operating model rather than introduced in reaction to enforcement.
CN: How is KuCoin balancing MiCA-driven compliance overhead with maintaining deep liquidity, competitive fees, and product breadth versus unregulated or offshore competitors still serving EU users?
Wong: MiCA unquestionably raises the cost of operating in Europe, but we view compliance as a strategic investment, not a constraint. The balance comes from operational scale and disciplined execution, not from lowering standards.
KuCoin EU benefits from shared technology, liquidity infrastructure, and institutional partnerships across the broader KuCoin ecosystem, while compliant with regulatory requirements. Over time, we believe trust and regulatory clarity will outweigh short-term cost advantages offered by unregulated alternatives.
Implementation, market structure
Separately, crypto.news asked KuCoin’s Christian Niedermueller about how Austria has positioned itself as an early, relatively fast-moving MiCA jurisdiction and about KuCoin’s decision to make Vienna its European hub.
CN: From a market-structure perspective, how important is it that Vienna becomes a liquidity and compliance hub for crypto in the EU, rather than activity fragmenting across multiple smaller MiCA centers?
Niedermueller: Vienna’s importance lies in demonstrating that MiCA can be implemented efficiently, predictably, and at scale. A strong hub helps anchor supervisory dialogue, compliance expertise, and operational confidence, which in turn supports liquidity formation.
This does not mean centralizing all activity in one city, but rather avoiding excessive fragmentation that could weaken market depth and consistency. Well-functioning hubs like Vienna help reinforce the EU’s single-market ambition under MiCA rather than undermining it.
Brand/sports partnership segment
CN: You’re unveiling a long-term partnership with a world-class professional cyclist at the same moment KuCoin is emphasizing MiCA compliance and ‘Trust in Motion’ in Europe. What concrete compliance and consumer-protection messages are you building into this sports partnership so that it goes beyond brand visibility and actually moves the needle on user trust with EU regulators and first-time retail investors?
A: The partnership is built around shared values, discipline, accountability, and long-term commitment, rather than short-term promotion. “Trust in Motion” reflects how KuCoin EU operates under MiCA: transparent rules, regulatory oversight, and clear consumer protections.
We are integrating educational and responsible-investing messages into the partnership, focusing on risk awareness and the importance of using regulated platforms. This ensures the collaboration supports trust with users and regulators, not just brand recognition.
Q: Some MiCA-compliant exchanges are explicitly using licensing status in their marketing narrative to differentiate from unregulated competitors. Will KuCoin’s new EU-facing campaigns and influencer content clearly highlight the MiCA license and associated investor protections, and how do you avoid crossing the line into overly promotional messaging in a highly regulated environment?
A: Yes, but carefully and factually. We will clearly state that KuCoin EU is MiCA-licensed and explain what that means in practical terms, such as asset segregation, governance standards, and disclosure obligations.
We are intentionally avoiding exaggerated or comparative claims. The goal is to inform, not persuade, which aligns with both regulatory expectations and our long-term approach to building credibility in Europe.
For product and market roadmap
Q: MiCA’s later phases, especially around tokenized securities and RWAs, are expected to be fully operational by mid-2026, with ESMA pilots already underway. How is KuCoin EU preparing its listing, custody, and market-making infrastructure for tokenized bonds, real estate, or other RWAs, and do you intend to compete directly with traditional exchanges in that segment, or focus on native crypto assets first?
A: Our approach is incremental and regulation-led. In the near term, our focus remains on strengthening infrastructure for core crypto assets under MiCA, while closely monitoring ESMA pilots and emerging guidance on tokenized securities and RWAs.
At the infrastructure level, we are investing in custody, compliance workflows, and market-making frameworks that could support RWAs once regulatory conditions are fully defined. Our strategic movement will depend on regulatory clarity and client demand, but we will prioritize responsible entry over speed.
Q: Several EU jurisdictions, including Spain and others, are now locking in stricter MiCA-based licensing and transaction-reporting regimes from 2026 onwards, with warnings that non-compliant platforms will be pushed out of the market. Which EU markets do you see as the most strategically important for KuCoin EU under this new enforcement landscape, and what concrete KPIs—user growth, volumes, institutional onboarding—are you using to measure success over the next two years?
A: As MiCA enforcement becomes more consistent across member states from 2026 onwards, strategic importance is increasingly defined by market depth, regulatory maturity, and the strength of supervisory frameworks, rather than by short-term growth potential alone.
Over the next two years, success will be assessed through indicators of sustainable market participation: steady and compliant user growth, the quality and resilience of trading volumes, institutional engagement, and constructive regulatory outcomes. In this environment, performance is best measured not by temporary activity spikes, but by whether a platform earns long-term confidence from regulators, institutional partners, and retail users alike.
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Billionaire scrap-metal entrepreneur Adam Weitsman continues expanding his involvement in the non-fungible token space through high-volume acquisitions and intellectual property takeovers. In yet another bullish move, the scrap metal mogul has acquired a rare non-fungible token series from the digital asset incubation studio Ghost Labs.
Billionaire Adam Buys More NFTs
In a January 21 blog post, Billionaire Adam Weitsman confirmed he has bought a rare Fire Ghost NFT collection. “The non-fungible token market was pretty brutal today, so I thought I would help by supporting another NFT project that deserves a little more attention in my opinion,” Mr Adam wrote. The billionaire investor has bought 1/1 ‘Fire Ghost’ NFT from the digital asset incubation studio Ghost Labs.
Market was pretty brutal today so thought I would help by supporting another NFT project that deserves a little more attention in my opinion. Having a lot of fun being a part of some really great communities recently like this one. The 1/1 Fire Ghost of the @GhostLabNFT now… pic.twitter.com/NZYf531VYu
— Adam Weitsman (@AdamWeitsman) January 21, 2026
Billionaire Adam Weitsman is a renowned industrialist, entrepreneur, investor, philanthropist, and crypto investor. Most recent estimates from his business and entertainment finance outlets place Adam Weitsman’s net worth in a broad range of about $1.2 billion to $1.5 billion, with some outliers reporting lower or higher figures. Adam serves as CEO of “Weitsman Recycling,” which has become the largest privately held scrap metal recycling company on the East Coast.
Scrap Meta mogul Adam Weitsman officially entered the NFT market in early 2023, marked by a high-profile $1.6 million purchase. Adam has substantially increased his NFT holdings by acquiring 5,000 Otherside NFTs, including Otherdeeds and Kodas, directly from Yuga Labs to support their metaverse project and 229 Meebits in an over-the-counter deal. He is also actively managing the HV-MTL project’s intellectual property. Last week, Adam purchased 100 Quirkies in a private transaction.
Billionaire Adam’s Motive for Buying NFTs
Unlike many traders in the NFT space, Adam Weitsman isn’t motivated by flipping or profit. He’s never sold an NFT in his life, and says he doesn’t believe in selling and never will. In the past pressers, Weitsman emphasized that his acquisitions are about “legacy, not liquidity,” prioritizing the preservation of digital culture over short-term financial gains. “I collect because I love the art, the people, and the history being made. For me, collecting is about legacy, not liquidity,” He said.
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Polymarket is taking its brand offline, opening a free grocery store in New York City and backing it with a $1 million donation to fight food insecurity.
Summary
- Polymarket will open a free grocery store in NYC on Feb. 12, open to all residents.
- The company donated $1 million to Food Bank For New York City.
- The move blends community support with a high-profile brand push.
Polymarket, the crypto-based prediction market platform, announced on Feb. 3 that it will open New York City’s first free grocery store later this month as part of a community-focused initiative.
The pop-up store, called “The Polymarket,” is set to open on Feb. 12 at noon ET and will offer groceries at no cost to visitors. The company said no purchase will be required, and the store will be open to all New Yorkers. Polymarket has not yet disclosed the exact location.
Alongside the launch, Polymarket donated $1 million to Food Bank For New York City, a non-profit that supports hunger relief across all five boroughs. The company described the donation as part of its effort to give back to the city it calls home.
A physical bet on community impact
Polymarket framed the project as a “real, physical investment” in New York. The company said the store will be fully stocked and emphasized that the initiative is meant to address food insecurity rather than function as a traditional retail operation.
Food Bank For New York City said the donation will support its ongoing work to expand access to food and strengthen long-term food security. Polymarket encouraged members of the public to contribute to the organization as well.
Sources familiar with the project say the grocery store is expected to run for a limited time, likely spanning several days around the opening weekend.
Marketing push amid rising competition
The move also comes as competition heats up among U.S.-based prediction market platforms. Rival Kalshi earlier staged a smaller free grocery giveaway in New York, prompting comparisons between the two campaigns.
Both efforts echo campaign rhetoric from New York Mayor Zohran Mamdani, who previously floated the idea of city-run grocery stores. Polymarket currently hosts active markets tied to whether such stores will open in the city by mid-2026, adding another layer of symbolism to the initiative.
The launch follows a busy stretch for Polymarket. In late January, the platform announced a multi-year partnership with Major League Soccer, becoming the league’s official prediction market partner. On Feb. 2, Polymarket integrated with decentralized exchange aggregator Jupiter, allowing users to access markets directly on Solana.
The company is also navigating regulatory pressure. A Nevada state court issued a temporary restraining order last week preventing Polymarket’s U.S. affiliate from offering certain contracts to Nevada residents, with a hearing scheduled for Feb. 11.
There’s always a bull market somewhere.
While bitcoin and shares of bitcoin holder Strategy are falling, an exchange-traded fund designed to move in the opposite direction of MSTR and double its daily change has hit a record high.
That exchange-traded fund is the GraniteShares 2x Short MSTR Daily ETF, trading under the ticker MSDD on Nasdaq. It is an actively managed fund designed to deliver -200% of the Strategy’s daily performance. In simple terms, if MSTR falls 2% in a day, the ETF targets a 4% gain that same day (before fees/decay).
The fund debuted on Jan. 10, 2025 and is seen as a high-risk short-term tactical tool for bears betting against MSTR. And it has lived up to its repute.
MSDD’s price hit a record high of $114 on Tuesday, up 13.5% on the year, extending the past year’s 275% surge, according to data source TradingView.
MSDD’s compatriot, the Defiance Daily Target 2x Short MSTR ETF (SMST), also clocked an 11-month high of $113 on Tuesday. This fund debuted on Nasdaq in August 2024.
In other words, MSTR bears out there who loaded up on these ETFs have made a killing.
Strategy fell to $126 on Tuesday, the lowest since September 2024, extending its multi-month bear market. The stock is now down a staggering 76% from its lifetime high of $543 in November last year.
Strategy is the world’s largest publicly listed bitcoin holder, stashing 713,502 BTC ($54.24 billion) at press time. Naturally, its share price tends to follow swings in bitcoin’s market value.
Bitcoin, the leading cryptocurrency by market value, has dropped 12% this year and traded as low as $73,000 on Tuesday. That was the weakest since late 2024. Since then, prices have bounced back to $76,000, thanks to narrowly approved funding package that alleviated near-term U.S. shutdown risk and stabilized risk sentiment in financial markets.
“Currently, a 10 billion market cap, this thing is not even worth $1 billion,” one X user argued.
The latest cryptocurrency market crash was brutal, sending Cardano’s ADA to multi-month lows.
Some analysts believe the storm may not be over, warning the price could nosedive by as much as 75% in the short term.
The Bad Days for the Bulls Aren’t Over?
Several hours ago, ADA plunged to 0.27, the lowest level since August 2024. Currently, it trades at around $0.29 (per CoinGecko’s data), representing a 15% decline on a weekly scale.
The well-known analyst DrBullZeus claimed that the asset is now nearing “a must hold support zone” at the range of $0.24-$0.28. He thinks that breaking below that level could result in a price crash to $0.125 and even $0.075.
The popular trader Matthew Dixon also chipped in. He suggested that “technically speaking,” ADA has retraced in three waves since the local top seen towards the end of 2024. He outlined $0.24 as a “very important long-term support,” predicting that as long as it holds, the price could rebound.
“A break of support would be a serious concern,” he alerted.
Prior to that, Harmonic Trader predicted that in six months, ADA might trade under $0.10. “Currently, a 10 billion market cap, this thing is not even worth $1 billion,” they argued.
Time to Rally?
Despite ADA’s recent price decline, some other analysts remain optimistic that a resurgence could be on the way. One of them, using the X nickname “Lucky,” asked their almost two million followers whether they plan to increase their exposure to the token at current rates. The analyst also envisioned a potential pump to nearly $1 in the near future.
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LaPetite is also bullish. Several days ago, he forecasted that ADA is about to go “parabolic,” claiming that “huge announcements” concerning Cardano are coming soon.
The recent exchange netflows signal that a rebound could indeed be on the horizon. Data provided by CoinGlass shows that over the past days and weeks, outflows have significantly outpaced inflows. This means investors have been shifting from centralized platforms to self-custody, which in turn reduces immediate selling pressure.
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Aave Labs says it is sunsetting its “umbrella brand” Avara in the company’s latest move to refocus on decentralized finance and simplify its branding.
Aave founder and CEO Stani Kulechov posted to X on Tuesday that Avara, a company encompassing projects including the Family crypto wallet and previously the social media platform Lens, “is no longer required as we go all in on bringing Aave to the masses.”
Kulechov said the Apple iOS-based Family crypto wallet was also being wound down as the team has “learned that onboarding millions of users requires purpose-built experiences, such as savings, rather than generic, open-ended wallet experiences.”
The move marks Aave’s latest effort to refocus on products such as its flagship lending protocol as the project handed stewardship of Lens to the Mask Network last month, with Kulechov saying Aave’s role in the protocol would be reduced to an advisory role so it can focus on DeFi.
Kulechov said in his latest post that Aave was “now united as one team of world-class designers, engineers, and smart contract experts, aligned around a single mission: bringing DeFi to everyone.”
All future projects under Aave Labs
Avara said in a blog post that “all current and future products, including the Aave App, Aave Pro, and Aave Kit, will operate under Aave Labs” to simplify the brand.
It added that accounts linked to the Family wallets “will continue as core infrastructure within Aave Labs products,” but the iOS app would be wound down over the next year.
No new users will be onboarded to the app from April 1, and existing users can continue using the app until April 1, 2027, and will continue to have full access to their funds on Aave’s website.
Related: There is no trust in DeFi without proper risk management
Aave is the biggest DeFi protocol with $30 billion in total value locked, nearly $9 billion more than the next largest project, the staking protocol Lido, which has $21.7 billion in value locked, according to DefiLlama.
The Aave (AAVE) token has traded flat over the past day, down just 0.7% in the last 24 hours at $127.40, according to CoinGecko.
Magazine: Ethereum’s Fusaka fork explained for dummies — What the hell is PeerDAS?
[PRESS RELEASE – Los Angeles, California, February 3rd, 2026]
Backed by Top Consumer, Crypto, and Cultural Investors, BLUFF Quickly Emerges as a Fast-Growing Betting Platform Boasting More Than 125M Bets in Beta
BLUFF, the next-generation betting and entertainment platform, has raised $21 million in strategic investment led by global blockchain technology fund 1kx, with participation from Makers Fund, Maximum Frequency Ventures, Delphi Ventures Founders and other high-profile backers, including sports champion & tech investor, Tristan Thompson. The team includes former senior executives from Stake, Bet365, William Hill and Bodog, drawing on experience operating the world’s leading betting platforms to deliver a truly novel gaming experience. The team will use the funds to advance the innovative betting platform and launch at scale.
BLUFF is building a social centric betting platform and sportsbook designed for the next generation of players. The platform prioritizes speed, transparency and player alignment, with instant onboarding, real-time settlement, provably fair games and reward systems that allow users to participate directly in the ecosystem they help grow.
“When we began building BLUFF, we set out to create a betting platform for the new generation of betters who prioritise fast, high-engagement gameplay, real-time experiences, real stakes and the social energy that defines how players engage online today,” said BLUFF’s Founder. “This funding, and the investors who have backed us, validates our mission of what the future of online betting can look like. Novel content, user-experience obsessed, deep community focus, and hyper-engaging for all users.”
The raise follows an exceptional pre-release phase, during which BLUFF has attracted over 600,000 sign-ups, sustained tens of thousands of daily active users and processed over 125,000,000 bets through its beta in 3 months alone. This early traction positions BLUFF as one of the fastest-scaling new betting platforms in the market with strategic partners across crypto, gaming and consumer entertainment.
“The speed of execution and level of organic demand we’ve seen from BLUFF is rare,” said Peter Pan, Partner at 1kx. “They’re building a category-defining platform with the potential to become the number one destination in betting and entertainment. BLUFF is exactly what the next generation of users is demanding.”
Beyond traditional iGaming and sports betting, BLUFF is building a unified experience that blends betting, live prediction markets, binary outcomes, and creator-led community events within a single platform. Bluff also provides a VIP matching program to make the transition from legacy platforms such as Stake, Shuffle and Rollbit to Bluff as seamless as possible, offering market-leading bonuses, rewards and world-class VIP service through a 24/7 VIP concierge.
“We are thrilled to back the BLUFF team,” said Andrew Willson, Partner at Makers Fund. “They bring a deep, nuanced understanding of player needs combined with an innovative approach to company building and platform design. By prioritizing players and offering a differentiated experience, we expect BLUFF to become a disruptive brand in the betting space.”
To learn more and play now, visit Bluff.com.
####
About BLUFF
BLUFF is built for the new generation of players. A global sports betting and iGaming platform where gaming, real stakes, culture, and community merge into a single, continuous loop to meet today’s users’ demands. It starts as a betting platform and sportsbook and evolves into something much bigger, with novel bet types, loot boxes, and trading that make for a unique betting experience. Backed by global blockchain technology fund 1kx, the founding team includes senior executives and operators from Stake, Bet365, William Hill, Bodog, YOLO, and other category-defining platforms, bringing decades of experience at the highest levels of betting and gaming.
About 1kx
1kx is a research-driven, fundamentals-focused global investment firm. Founded in 2018 by tech entrepreneurs Lasse Clausen and Chris Heymann, 1kx invests at key inflection points for blockchain technologies to create breakthrough opportunities across industries. The firm’s mission is to develop the domain expertise and thought leadership required to accelerate the most consequential markets emerging at the intersection of blockchain and the broader economy. As one of the top-performing and most institutionalized funds in the blockchain space, 1kx partners with a diverse global investor base, including sovereign wealth funds, pension funds, endowments, foundations, fund of funds, corporations, and family offices. Renowned for its hands-on approach, technical rigor, and unwavering long-term commitment to founders, 1kx has empowered over 150 visionary startups to scale transformative projects while delivering enduring returns for its investors.
To learn more, visit https://1kx.capital/ or @1kxnetwork on X.
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The decentralized physical infrastructure sector faces a reality check as investors debate if it can deliver beyond the hype.
Stablecoin-driven dusting attacks are increasingly shaping Ethereum’s daily activity profile. After the Fusaka upgrade, which aimed to cut on-chain data costs and streamline postings from layer-2 networks back to Ethereum, observers say cost reductions have coincided with a rise in tiny-value transfers. In practical terms, dusting is now contributing a meaningful share of on-chain activity, even as the majority of transfers remain economically meaningful.
Key takeaways
- The Fusaka upgrade lowered data-availability costs on Ethereum, leading to a noticeable uptick in overall transaction volume and active addresses. Daily transactions have exceeded 2 million on average, with a mid-January peak near 2.9 million and about 1.4 million daily active addresses—roughly a 60% uptick from prior baselines.
- Dusting activity tied to stablecoins now accounts for about 11% of daily transactions and 26% of active addresses on an average day, a sizable jump from pre-Fusaka levels of roughly 3–5% of transactions and 15–20% of addresses.
- Analyses of USDC and USDT on Ethereum from November 2025 to January 2026 show growing decentralization effects: approximately 43% of dust-related updates involve transfers under $1, and 38% under a single cent, highlighting wallets seeded with tiny amounts.
- Security researchers flag a surge in address creation linked to dusting, with a reported 170% rise in new addresses during the week of January 12, often tied to low gas fees and the ability to move minuscule sums cheaply.
- Despite the dusting trend, the majority of stablecoin activity remains organic. Roughly 57% of balance updates exceed $1, suggesting meaningful, economically relevant use alongside the dusting flow.
Tickers mentioned: $ETH, $USDC, $USDT
Sentiment: Neutral
Market context: The surge in on-chain activity coincides with broader shifts in gas economics and the adoption of layer-2 data posting, signaling a transitional period in Ethereum’s usage patterns as users navigate cheaper transaction costs and new data handling efficiencies.
Why it matters
Ethereum’s post-Fusaka landscape presents a nuanced picture for users, developers, and market observers. On the one hand, the upgrade has delivered tangible benefits: lower costs and improved throughput for posting data from layer-2 networks, which translates into more affordable interactions on the main chain. On the other hand, the same efficiency gains appear to have lowered the friction barrier for dusting campaigns—malicious attempts to seed wallets with tiny, nearly worthless amounts designed to contaminate transaction analytics and entice recipients to transact with the wrong counterparties.
Coin Metrics recently analyzed more than 227 million balance updates for USDC (USDC) and USDt (USDT) on Ethereum from November 2025 through January 2026. The findings show a shift in composition: while a portion of this activity clearly reflects genuine use (payments, settlements, liquidity provisioning), a non-trivial slice now consists of very small transfers that serve as digital footprints, wallet seeding attempts, or poisoning attempts. The data show that 43% of observed dust transfers were under $1, and 38% were under a single penny, underscoring the economic minimalism of many such transactions.
The number of addresses holding small “dust” balances, greater than zero but less than 1 native unit, has grown sharply, consistent with millions of wallets receiving tiny poisoning deposits.
Before Fusaka, stablecoin dust accounted for roughly 3–5% of Ethereum transactions and 15–20% of active addresses. Post-Fusaka, those figures climbed to about 10–15% of transactions and 25–35% of active addresses on a typical day, representing a two- to threefold increase in the dust footprint. Yet, the remaining 57% of balance updates involved transfers above $1, indicating that a significant portion of activity continues to reflect genuine economic activity rather than precautionary or malicious watering of the chain.
Post-Fusaka growth in activity reflects genuine usage, though dust activity is a factor worth noting when interpreting headline metrics.
Dusting has also produced tangible financial losses for some victims. One security researcher noted a reported $740,000 in losses tied to address poisoning attacks. In a striking display of scale, the top attacker executed nearly 3 million dust transfers at a cost of only about $5,175 in stablecoins, highlighting how cheap these techniques can be to deploy relative to the potential impact on victims and analytics platforms.
Dust does not represent genuine economic usage
Analysts emphasize that while stablecoin dust activity has surged, it does not necessarily reflect meaningful growth in demand for goods or services on the network. Rough estimates suggest that around 250,000 to 350,000 daily Ethereum addresses participate in stablecoin dust activity, a non-trivial but still partial window into Ethereum’s overall usage. The broader takeaway is that the network’s growth remains real in many dimensions, even as dust-related actions complicate the interpretation of raw metrics.
The majority of post-Fusaka growth reflects genuine usage, though dust activity is a factor worth noting when interpreting headline metrics.
What to watch next
- Monitoring the ongoing impact of Fusaka on gas pricing and data-posting efficiency across layer-2 ecosystems and any subsequent network upgrades.
- Tracking changes in dusting patterns as wallet hygiene tools and defender initiatives evolve, and as user education campaigns address address-poisoning risks.
- Observing whether regulatory guidance or industry standards lead to improved transparency around dust activity and its impact on on-chain analytics.
- Evaluating whether new anti-dust measures or protocol-level mitigations reduce the feasibility or profitability of dusting campaigns.
Sources & verification
- Coin Metrics, State of the Network, issue 349 (Substack) — analysis of stablecoin balance updates on Ethereum from November 2025 through January 2026.
- Coin Metrics balance updates for USDC (USDC) and USDt (USDT) on Ethereum — dataset cited in the analysis.
- Andrey Sergeenkov, observations on new wallet addresses and address-poisoning dynamics in January 2026.
- Cointelegraph — reporting on address poisoning attacks and the broader dusting phenomenon on Ethereum.
Dusting dynamics and the Fusaka uplift
Ethereum (CRYPTO: ETH) has become a focal point for evaluating how protocol upgrades reshape user behavior and on-chain signals. The Fusaka upgrade, completed in December, broadened the network’s capacity to absorb data from layer-2 bridges and rollups by reducing the cost of posting information. As a result, average daily transactions crossed the 2 million mark, with a sharp jump to nearly 2.9 million in mid-January. Daily active addresses also rose to about 1.4 million, marking a 60% uplift from prior baselines. In this shifting environment, dusting activity has moved from a relatively modest slice of the activity pie to a more prominent feature of the daily ledger, complicating the task of parsing “real” usage from artificial traffic.
Coin Metrics’ analysis, based on a substantial data sample from USDC (USDC) and USDt (USDT), underscores a nuanced narrative. While a meaningful portion of dust transfers is sub-dollar in value, there remains a substantial portion of the activity above traditional thresholds that implies legitimate use—staking, payments, liquidity provisioning, and other routine operations. By juxtaposing post-Fusaka metrics with historical baselines, the report illustrates a two- to threefold expansion in stablecoin dust prevalence, without dismissing the persistent proportionality of bona fide usage on the network. The conversation around dust thus sits at the intersection of efficiency gains, on-chain economics, and security considerations for users navigating a more permissive but also more complex transaction landscape.
As researchers continue to scrutinize the data, the narrative remains that dusting is a real factor in Ethereum’s on-chain activity—but not a wholesale indictment of the network’s growth. The balance between authentic demand and opportunistic traffic will likely shape how developers and researchers frame Ethereum’s success in the months ahead. In the near term, users should remain vigilant about dust-induced address-poisoning vectors and ensure they transact with clear, verified destinations to minimize risk. The broader market will watch how these dynamics influence perceptions of network health, gas economics, and the resilience of security models in the wake of evolving usage patterns.
Crypto World
xMoney Appoints Raoul Pal as Strategic Advisor to Support the Next Phase of Global Payments
[PRESS RELEASE – Vaduz, Liechtenstein, February 3rd, 2026]
A globally respected investor and founder of Real Vision brings decades of financial market insight to xMoney’s leadership team
xMoney, a leading provider of compliant payment infrastructure bridging traditional finance and digital assets, today announced that Raoul Pal has joined the company as a Strategic Advisor.
Raoul Pal is one of the most widely respected macro thinkers of his generation. An investor, entrepreneur, and financial commentator, he has spent decades analyzing how money moves, how markets evolve, and how technological shifts reshape global financial systems. His appointment comes at a pivotal moment, as global payments transition toward regulated digital rails, stablecoins, and on-chain settlement.
With Raoul’s strategic guidance, xMoney aims to further strengthen its position at the intersection of payments, regulation, and digital assets – building infrastructure that enables seamless value transfer across traditional currencies, cryptocurrencies, and stablecoins.
A Career Spanning Global Finance and Digital Assets
Raoul began his career in traditional finance, holding senior roles at Goldman Sachs, where he led hedge fund sales for equities and derivatives in Europe, and later at GLG Partners, where he co-managed a global macro fund alongside some of the world’s most respected hedge fund managers.
In 2005, he founded Global Macro Investor (GMI), which has since become a trusted research platform for hedge funds, family offices, pension funds, sovereign wealth funds, registered investment advisors, and high-net-worth investors worldwide. GMI is widely recognized for its independent macro research and strong long-term performance track record.
Raoul co-founded Real Vision in 2014, transforming financial media by making institutional-grade market intelligence accessible to a global audience. What began as a video-first platform evolved into a global financial knowledge network with millions of users across nearly every country.
The new xMoney advisor is also the co-founder of Exponential Age Asset Management (EXPAAM), an investment firm built specifically for the digital asset economy. Its flagship fund, the Exponential Age Digital Asset Fund, provides curated exposure to top crypto hedge funds by combining macroeconomic frameworks with deep digital asset research.
Supporting the Future of Payments
Raoul’s long-standing belief is that the world is experiencing a structural shift in money, technology, and market infrastructure – not a temporary trend. Payments, in particular, are undergoing one of the most significant transformations in decades.
Unlike many payment platforms that expand globally first and retrofit compliance later, xMoney has taken a regional-first approach, building its infrastructure within Europe, one of the most highly regulated financial environments in the world. This strategy enables xMoney to meet stringent regulatory standards from day one, while creating a scalable foundation for global expansion aligned with frameworks such as MiCA.
“Crypto only fulfills its promise when it disappears into the background,” said Raoul Pal. “The real winners will be the platforms that make global payments simple, compliant, and invisible. That’s what excites me the most about xMoney.”
As Strategic Advisor, Raoul will work closely with xMoney’s leadership team, focusing on long-term strategy, market structure, and anticipating how global money movement will evolve as regulated stablecoins, compliant on-chain settlement, and hybrid payment models become foundational financial infrastructure.
“We’re building payment rails for the future, starting in the most regulated markets first,” said Gregorious Siourounis, Co-Founder & CEO of xMoney. “That discipline gives us a structural advantage as digital assets move into mainstream finance. Raoul’s depth of experience, macro insight, and clarity of thought reinforce our belief that long-term winners in payments will be compliant, scalable, and globally interoperable.”
The appointment underscores xMoney’s commitment to building a compliant, scalable payment infrastructure that bridges traditional finance and Web3, enabling businesses and consumers to transact seamlessly across borders, currencies, and technologies.
About xMoney
xMoney is a pioneering payments company with strategic European licenses, focused on building a seamless, secure, and future-ready payments ecosystem. By combining cutting-edge technology, strong regulatory compliance, and a broad product suite spanning traditional and digital assets, xMoney bridges traditional finance and next-generation payment rails.
Website: www.xmoney.com
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TLDR
- Western Digital’s board approved an additional $4 billion for share repurchases on top of existing authorization
- The company had approximately $484 million remaining from its prior $2 billion buyback authorization from May 2024
- WDC shares rose about 5% in premarket trading following the announcement
- Stock has surged 57% year-to-date and more than tripled in value during 2024
- Global memory chip shortage is driving up prices and extending lead times as demand from AI and consumer electronics companies increases
Western Digital announced Tuesday that its board has greenlit an extra $4 billion for stock buybacks. The move comes as demand for memory chips used in AI servers continues to climb.
Western Digital Corporation, WDC
The company’s shares jumped roughly 5% in premarket trading. That adds to an already impressive 57% gain so far this year.
Last year was even better. The stock more than tripled in value during 2024.
As of Monday, Western Digital had about $484 million left from its previous buyback authorization. That program was worth $2 billion and started in May 2024.
CEO Irving Tan explained the thinking behind the decision. “Our capital allocation strategy balances reinvestment in the business, debt reduction, and capital returns to shareholders,” he said.
The new authorization takes effect immediately. But the company kept its options open.
Timing Depends on Market Conditions
Western Digital noted that the amount and timing of actual share repurchases will depend on market conditions. Other corporate considerations will also play a role.
The company can suspend or discontinue the program whenever it wants. That’s standard language for buyback programs.
The announcement comes as memory chip makers are riding a wave of demand. AI applications and consumer electronics companies are competing for limited supplies.
This competition has pushed prices higher. Lead times have also stretched out as manufacturers work to increase production capacity.
Last week, Western Digital released guidance that beat Wall Street expectations. The company forecast fiscal third-quarter revenue and profit above analyst estimates.
That optimism stems from sales of hard drives and flash storage for AI servers. These products are in high demand as companies build out their AI infrastructure.
Memory Chip Shortage Drives Growth
A global shortage of memory chips has intensified the competitive landscape. AI companies need these chips for their servers.
Consumer electronics makers also need them for their products. The result is a supply crunch that shows no signs of easing soon.
Manufacturers are scrambling to ramp up capacity. But building new production facilities takes time and massive investment.
The shortage has been good news for Western Digital and its peers. Memory product makers like Seagate Technology and others have seen their stocks soar over the past year.
Western Digital’s strong stock performance reflects this trend. The company is benefiting from its position in the memory chip market.
The $4 billion buyback authorization gives management flexibility. They can repurchase shares when they see value in the market.
Share buybacks can boost earnings per share by reducing the number of shares outstanding. They also signal management’s confidence in the company’s future.
Western Digital ended Monday with about $484 million available under its previous authorization. The new $4 billion adds substantially to that amount.
OPENING A $100 MILLION LONG ON BITCOIN NOW !!!
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