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BlackRock’s spot bitcoin BTC$70,247.47 exchange-traded fund has been a massive hit since launch, pulling in billions from investors seeking exposure to the cryptocurrency without the hassle of crypto wallets or exchanges. Traders and analysts religiously track inflows into the fund to gauge how institutions are positioning in the market.Now they might have to do the same with options tied to the ETF, as activity exploded during Thursday’s crash. According to one observer, the record activity stemmed from a hedge fund blowup, while others disagreed, citing routine market chaos as a catalyst.What really stood outOn Friday, as the ETF tanked 13%…

APIA, Samoa, Feb. 6, 2026 /PRNewswire/ — 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…

Cardano price dropped to near $0.26 as cryptocurrencies continued to struggle. ADA bulls face further pain if the price breaks below $0.25. Bitcoin’s crash to under $70,000 amid bear cycle fears is a major trigger. Cardano price fell more than 9% to extend its downturn, with this coming as Bitcoin tumbled to below the $70,000 support level. With BTC dragging the broader crypto market into turmoil, Cardano (ADA) dropped to lows of $0.26, signaling prolonged downside risks in this bear cycle. Other altcoins had it even rougher, with XRP plummeting 14% to under $1.40 and Solana breaching support at $90.…

Bitcoin price is experiencing one of the most dramatic selloffs in its history Thursday, sliding sharply through key support levels and sparking massive liquidations in the derivatives market.  According to Bitcoin Magazine Pro data, the world’s largest cryptocurrency crashed through critical floors, dipping towards the $62,000 floor, marking the largest raw dollar drawdown ever recorded for BTC. The October 2025 all-time high above $126,000 now sits roughly $63,000 above current bitcoin price levels, as panicked selling intensified across exchanges.  This drawdown is now 50% from all-time highs and places it alongside some of Bitcoin’s most extreme historical corrections, even greater…

Talk about frenzied trading. On Thursday, BlackRock’s spot Bitcoin exchange-traded fund, tickered as IBIT, hit a wild record with over 284 million shares traded, per Nasdaq data. That’s a whopping $10 billion-plus in notional value.To put it in perspective, that smashed the old record of 169.21 million shares from Nov. 21 by a massive 169%.The record volume came as IBIT plunged 13% to under $35, the lowest since Oct. 11, 2024, extending the year-to-date loss to 27%. Prices peaked at a high of $71.82 in early October.The fund processed redemptions totaling $175.33 million on Thursday, accounting for 40% of the…

New surveillance committee and enforcement hires come as regulated event markets seek credibility with traders, regulators and major sports leagues.Federally-regulated prediction market platform Kalshi is stepping up market integrity initiatives as the broader prediction market sector faces renewed scrutiny over alleged insider trading and market manipulation.The company announced on Thursday a major expansion of its surveillance and enforcement framework, including a new independent advisory committee, external analytics partnerships and a dedicated head of enforcement. The moves come amid growing debate about whether prediction markets can maintain investor trust as trading volumes and public visibility increase. Kalshi founder and CEO Tarek Mansour…

Large Bitcoin holders are now controlling the smallest share of the cryptocurrency’s supply since late May, when it first reclaimed $100,000 after more than three months, according to crypto sentiment platform Santiment.Santiment posted to X on Thursday that “whale and shark wallets” holding between 10 and 10,000 Bitcoin (BTC) have fallen to a nine-month low, collectively accounting for about 68.04% of the entire Bitcoin supply.“This includes a dump of -81,068 BTC in just the past 8 days alone,” Santiment said, as Bitcoin fell from around $90,000 to $65,000 over the same period, a roughly 27% decline, according to CoinMarketCap. Bitcoin…

Zcash price plunged to $217, hitting a four-month low amid a 20% dip. The privacy coin dumped as bears pushed Bitcoin under $70,000. ZEC traded around $228 at the time of writing, but risks breaching support at $200. Zcash (ZEC) has declined by more than 20% in the past 24 hours, accelerating its sharp descent amid an increasingly bearish cryptocurrency market. The privacy coin’s dip to below $220, the first time in four months, came as Bitcoin crashed to $69,500 and Ethereum fell to lows of $2,070. Among other top altcoin losers on the day was Cardano, which broke to…

Vitalik Buterin warns copy-paste Layer 2s and generic EVM chains are stalling Ethereum’s long-term scaling vision. Ethereum co-founder Vitalik Buterin has said that many new Layer 2 (L2) networks are repeating shallow design patterns, and warned that generic EVM chains with optimistic bridges are holding back meaningful progress. His comments extend the public debate over whether today’s L2 ecosystem still aligns with Ethereum’s original scaling goals. No More “Copypasta” EVM Chains In a February 5 post on X, Buterin argued that comfort and familiarity, not technical necessity, are driving many L2 launches, leading to copy-paste designs that add little beyond…

Russia’s Moscow Exchange (MOEX) is moving to broaden which digital assets it tracks and trades. Reports say the exchange plans to roll out new indices and futures tied to XRP, Solana, and Tron this year. That will give traders ways to follow price moves without owning the coins directly. New Crypto Indices Planned According to local coverage, Maria Silkina, who runs the derivative products group at the exchange, outlined the expansion on a recent radio broadcast. MOEX already lists benchmarks for Bitcoin and Ethereum. Now the exchange is preparing indices that mirror three more of the bigger, actively traded tokens,…