Binance kicked off its $1 billion SAFU conversion into Bitcoin with a $100 million purchase, shifting its user protection fund out of stablecoins and into BTC.
Your day-ahead look for Feb. 2, 2026
The meeting could reshape financial landscapes, influencing regulatory frameworks and competitive dynamics between traditional banks and crypto firms.
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Zama rolled out its ZAMA token while debuting Total Value Shielded, a new privacy metric, after encrypting over $121 million on Ethereum.
Ripple has reached a major regulatory milestone in Europe after obtaining full approval for an Electronic Money Institution (EMI) license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). This authorization upgrades Ripple’s status from “in-principle” approval to a fully operational license, allowing the company to legally provide regulated payment services across …
Russian Bitcoin mining giant BitRiver is on the brink of bankruptcy after a court launched insolvency proceedings over unpaid debts of more than 700 million rubles related to equipment and electricity costs. The company has shut down several facilities, faced management departures, and grappled with creditor lawsuits. Adding to its challenges, founder Igor Runets has been charged …
Jim Cramer sounds the alarm on bitcoin’s "unreliability" as a short-term currency after a sharp weekend drop.
Bankruptcy monitoring begins for BitRiver's parent firm as its CEO faces house arrest on tax evasion charges in Russia.
Ether treasury firms are pressured by the crypto market downturn, as Trend Research was forced to sell $77 million in Ether at a loss, while others are holding through paper losses.
Crypto markets stabilized after a thinly traded weekend rout wiped out nearly $290 billion of total market capitalization.
Bitcoin just erased over $9,000 in a weekend liquidity trap and the Monday recovery is missing one thing By the time London desks started lighting up this morning, Bitcoin had already moved sharply in off-hours trading. Over the weekend, while most of the world was off-grid or only half-paying attention between errands and late-night scrolling, […]
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While Bitcoin and major altcoins remain under pressure, select assets have begun to decouple from the broader market trend. MYX Finance and River prices have emerged as the top gainers among the top 100 cryptocurrencies, posting outsized moves despite prevailing risk-off sentiment. Their relative strength stands out at a time when most tokens are struggling …
Ripple has officially received its full Electronic Money Institution (EMI) license from Luxembourg’s CSSF, marking a major step in its European growth. The approval allows Ripple to offer regulated blockchain-based payment solutions across the EU, supporting businesses in moving to modern, digital-first finance. This comes after recent UK approvals and adds to Ripple’s portfolio of …
The ongoing crypto sell-off has rattled investor confidence, but macro investor Raoul Pal believes the narrative around crypto being “broken” is deeply flawed. According to Pal, the current downturn has little to do with crypto-specific issues and everything to do with a severe liquidity crunch in the United States, triggered by repeated government shutdowns and …
The crypto market is once again under pressure today, falling about 2%, pulling back to a total value of $2.61 trillion. Interestingly, 87 out of the top 100 cryptocurrencies are currently trading in the red. Bitcoin, the leading cryptocurrency, has dropped to its lowest level since April last year and is now trading around $77,324. …
Crypto pundit X Finance Bull has highlighted how institutions are accumulating XRP amid the crypto market crash. His comment comes amid the XRP price drop below the psychological $1.6 level, which has further sparked bearish sentiments among retail investors. Institutions Are Still Accumulating Amid XRP Price Crash In an X post, X Finance Bull noted that while retail investors are panicking over the XRP price crash, institutional investors continue to accumulate the Ripple-linked token. The crypto pundit pointed to inflows into XRP ETFs, while Bitcoin and Ethereum ETFs continue to see outflows. Based on this, he stated that the rotation is starting, with institutional investors moving from BTC and ETH to XRP. Related Reading: XRP Price At $10,000 Is Not A Prophecy: Analyst Shares Simple Framework That Points Higher SoSoValue data show that Bitcoin and Ethereum ETFs recorded outflows of $1.61 billion and $353 million, respectively, on January 30. Meanwhile, the XRP ETFs recorded a net inflow of $15.6 million. X Finance Bull noted that these inflows might be small now, but that direction matters. He further remarked that institutions don’t chase hype in choppy markets but rather position for fundamentals. The crypto pundit also noted that inflows into XRP ETFs, while Bitcoin and Ethereum ETFs are bleeding, aren’t random. He highlighted fundamentals that are bullish for the XRP price despite the current market crash. This includes the token’s cross-border payments utility, which he noted solves a “Quadrillion-dollar problem.” He added that regulatory clarity is coming and that infrastructure is already in place. X Finance Bull expects the XRP price to be among the first to recover when the market rebounds, noting that capital flows to utility. He added that the smart money is already front-running that shift. The crypto pundit also believes that those investing in XRP now are still early, given that the XRP ETFs have just recorded $1.18 billion cumulative inflows in three months. Two Potential Paths For The Altcoin At The Moment Crypto analyst Egrag Crypto has highlighted two paths for the XRP price following its drop below $1.60. He stated that the first path is a double liquidity grab, whereby a relief bounce happens from here, followed by a second liquidity sweep and then an expansion. His accompanying chart showed that the second liquidity sweep could happen around $1.3. Meanwhile, the second path of the XRP price is a direct expansion, which aligns with the cycle fractal. Egrag Crypto stated that if history rhymes, the altcoin could record a 340% gain, similar to the 2021 bull cycle, or a larger 1,600% gain, similar to the 2017 bull cycle. A 340% surge and a 1,600% surge would put XRP at $7 and $27, respectively. Related Reading: Rising Above The Ashes: XRP ETFs Set New Record Despite Market Crash At the time of writing, the XRP price is trading at around $1.54, down over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image from Freepik, chart from Tradingview.com
Solana price is trading just above the critical $100 support after failing to sustain moves above the $118–$120 supply zone, placing the market at a critical turning point. Price has compressed into a narrow range between $100 and $108, reflecting indecision after the recent sell-off. With previous demand clustered near $92–$95 and no strong follow-through …
Crypto ETPs posted two consecutive weeks of outflows, totaling $3.43 billion and driving $1 billion in year-to-date losses, according to CoinShares.
The payments firm said Luxembourg’s CSSF has granted final Electronic Money Institution approval, moving it from “in-principle” status to a license it can use to expand Ripple Payments across the bloc.
Year-to-date crypto flows and institutional sentiment declined following another $1.7 billion in weekly outflows, per CoinShares.
Bitcoin was little changed Monday as volatility spikes and crypto equities remained under pressure ahead of the U.S. market open.
Chainlink price is losing momentum as traders turn more defensive across the altcoin market. After failing to hold above $11, LINK extended its pullback today over 6%, pushing price toward the $9 mark, a zone where buyers are now expected to show intent. The move lower has unfolded without panic. Instead, it reflects a gradual …
Bitcoin price action headed toward the 2021 bull market highs as crypto traders warned over a future sub-$50,000 BTC price bottom.
Hong Kong's monetary authority said only a small number of stablecoin issuers will be approved initially, as application reviews near completion.
Justin Sun plans to add between $50 million and $100 million worth of bitcoin (BTC) to the blockchain's holdings, the Tron founder told CoinDesk.
Gold and silver deepened their dramatic decline on Monday, extending last Friday’s historic rout that erased trillions in market value. What had been a powerful safe-haven rally quickly flipped into a violent correction, driven by a stronger U.S. dollar, aggressive profit-taking, and rising margin pressures. Analysts say the speed and scale of the move signal …
Ripple secured full Luxembourg EMI approval on Feb. 2, finalizing a licensing process that began with preliminary authorization last month.
Back said Epstein was a limited partner in a fund that briefly held a minority stake in Blockstream, which was later divested.
The start of this year brought a hard reminder: people remain the weakest link. Reports note that roughly $370 million in crypto were taken in January, a sharp climb from earlier months. Related Reading: Crypto Funds Bleed $1.80 Billion As Metals Rally Heats Up That surge was driven mostly by one massive social-engineering con that emptied a single victim of about $284 million. Simple lies and well-crafted messages beat code this time. Phishing Dominates Losses According to CertiK, phishing-style scams grabbed about $311 million of the January haul. That means most losses came from attackers tricking users and insiders rather than breaking cryptographic systems. Social pressure, fake links, and impersonation were used to push victims into moving funds. People clicked. Money moved. Accounts were drained. A Bigger Picture Of Monthly Swings Based on reports, January’s total is nearly four times the $98 million stolen in January 2025 and more than triple December’s close to $118 million. The month is the largest since February 2025, when roughly $1.5 billion was taken, most of that tied to the huge Bybit heist. Those big events show how a single breach or scam can tilt an entire month’s tally. Numbers can look calm one month and explosive the next. That unpredictability keeps wallets and treasuries on edge. #CertiKStatsAlert ???? Combining all the incidents in January we’ve confirmed ~$370.3M lost to exploits. ~$311.3M of the total is attributed to phishing with one victim losing ~$284M due to a social engineering scam. More details below ???? pic.twitter.com/uXhi0P6dl5 — CertiK Alert (@CertiKAlert) January 31, 2026 Major Technical Exploits Hit Treasuries PeckShield flagged several large protocol attacks. Step Finance lost nearly $29 million after treasury wallets were compromised and over 261,000 SOL vanished. Truebit suffered a $26.4 million hit when a smart contract flaw allowed near-free minting, which also crushed its token price. SwapNet and Saga were among other victims, with losses around $13.3 million and $7 million respectively. Those hacks were technical, aggressive, and fast. #PeckShieldAlert In Jan. 2026, the crypto space saw 16 hacks totaling $86.01M in losses, representing a slight 1.42% YoY decrease compared to Jan. 2025 ($87.25M) but a notable 13.25% MoM surge from Dec. 2025 ($75.95M). Meanwhile, #phishing remains staggering with losses… pic.twitter.com/pxugbsPcZ7 — PeckShieldAlert (@PeckShieldAlert) February 1, 2026 Why This Matters Now Reports say there were 40 exploit and scam incidents over January, though the bulk of value lost was concentrated in a few cases. That pattern means the raw count of incidents doesn’t tell the whole story; a single, well-executed con can dwarf many smaller breaches combined. Some months will show many small thefts. Other months will be defined by one enormous fraud. What Needs To Change Security teams and project treasuries must tighten both human and technical safeguards. More rigorous wallet controls, staged approvals, and stronger identity checks would blunt social-engineering strikes. At the same time, independent code audits and quicker response plans can limit damage from smart contract bugs. Education programs for staff and users are cheap compared with the cost of a single large loss. Related Reading: Gold Vs. XRP: One Asset Just Added 20x The Other’s Market Value The recent spike is a clear message: attackers are mixing social skill with technical know-how. The playbook now often starts with a message in a chat app or an email, then turns into code-level theft. Patching software helps. Teaching people how to spot scams will stop many attacks before they ever reach the code. Featured image from Shutterstock, chart from TradingView
The $100 million transfer follows the exchange's Jan. 30 announcement that it would shift the SAFU fund toward bitcoin over a 30-day period.