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Crypto prices steadied on Wednesday after a volatile start to the week, tracking a tentative improvement in broader risk sentiment even as traders remained cautious about near-term direction.Total crypto market capitalization rose about 1.7% over the past 24 hours to roughly $2.65 trillion, according to CoinMarketCap data. The rebound followed sharp swings earlier in the week, when thin liquidity and heavy liquidations pushed prices sharply lower before buyers stepped in.Bitcoin traded above $78,000 during Asian and early European hours, about 5% higher than Monday’s lows, though gains stalled near resistance levels that have capped upside since early February. The choppy…

Crypto.com has spun out its prediction markets business, first launched in 2024, into a standalone platform called OG, competing with the likes of Polymarket and Kalshi. OG is powered by Crypto.com Derivatives North America (CDNA), a Commodity Futures Trading Commission-registered exchange and clearinghouse and affiliate of Crypto.com. OG said on Tuesday that it is only available in the United States for now.Entering a ‘deca-billion dollar’ industryKris Marszalek, co-founder and CEO of Crypto.com, highlighted the firm’s growth in the prediction market space as the reason for launching a dedicated platform. Crypto.com first announced the launch of a “sports event trading” product for US users…

The company’s founder and CEO, Igor Runets, was placed under house arrest in connection with multiple tax evasion charges. BitRiver, Russia’s largest Bitcoin miner, is on the verge of collapse amid mounting financial and legal problems. Courts have placed its parent company, Fox Group of Companies, under observation as debts and unpaid obligations pile up. One of the disputes driving the court action involves Infrastructure of Siberia. The company is seeking more than $9 million after BitRiver failed to deliver mining equipment. The case stems from a large advance payment for hardware that was never supplied. This led to a…

Rui-Siang Lin, the alleged operator of the dark web narcotics marketplace “Incognito Market,” was sentenced to 30 years in U.S. federal prison on Tuesday, according to a statement from the U.S. Attorney’s Office for the Southern District of New York, bringing to a close one of the largest online drug market prosecutions since Silk Road.Lin, a 24-year-old Taiwanese national who used the online alias “Pharaoh,” pleaded guilty in December 2024 to narcotics conspiracy, money laundering and conspiring to sell adulterated and misbranded medication. Prosecutors said the platform processed more than $105 million in illegal drug sales between October 2020 and…

XRP sits at a crossroads. Trading around the $1.6 area after a steep run higher and a later pullback, the token now rests on a weekly support band that traders are watching closely. According to crypto analyst Scott Melker, this is one of the cleaner risk/reward setups in crypto right now — a small stop can limit losses while a bounce could offer meaningful gains. Related Reading Support Zone Holds The Key Based on reports, the zone around $1.55 to $1.60 is important. It lines up with the midpoint of the breakout that began in November 2024 and has acted…

Bitcoin’s BTC$77,528.46 price sell-off has paused in the last 24 hours. However, prospects for a long-lasting recovery look dimmer as the dollar index springs back to life, threatening to squeeze crypto prices.Prices for the leading cryptocurrency by market value have stabilized between $75,000 and $80,000 after a weekend decline that saw valuations drop from $85,000 to under $75,000. Some observers are pinning hopes on futures market dynamics to trigger a recovery above $80,000.While that’s possible, sustainability is called into question as the dollar index, which tracks the greenback’s value against major fiat currencies, is buoyant. Some experts expect the dollar…

CLARITY Act passage hinges on crypto companies and central banks aligning on stablecoin rewards and interest, and they have until the end of February.The White House is turning up the pressure on crypto regulation – and this time, it’s setting a deadline. At a closed-door meeting on Monday between crypto companies, banks, and policy officials, the White House reportedly told both sides they need to reach a deal on stablecoin yield by the end of February. New: At the White House meeting today between crypto and bank reps, WH gave a deadline of end of Feb to reach a deal on…

HYPE gained double digits on Monday after the team behind HyperCore, the core infrastructure powering Hyperliquid’s layer-1 network, said it will support the HIP-4 proposal to expand into prediction markets.The integration would allow fully collateralized contracts on Hyperliquid, the largest decentralized perpetual futures crypto platform, enabling traders to wager on political elections, sports and other markets.In an X post on Monday, Hyperliquid said the support was driven by “extensive user demand” for prediction markets and bounded options-like instruments, while adding that HIP-4 could allow other novel applications to be built on Hyperliquid. Source: HyperliquidHIP-4 outcomes would function like a betting…

Tether has released an open-source operating system for bitcoin mining, pitching it as a way to make running mining infrastructure simpler while reducing reliance on closed, vendor-controlled software.The stablecoin issuer said on Monday that it has rolled out MiningOS (MOS), describing it as a modular, scalable mining operating system designed for anyone from hobbyist miners to large institutions. The stack is intended to remove the “black box” nature of many mining setups, where hardware and monitoring tools are tightly tied to proprietary platforms.“MiningOS changes that — introducing transparency, openness, and collaboration into the core of Bitcoin infrastructure,” Tether said on…

Solana failed to settle above $112 and extended losses. SOL price is now recovering above $102 but faces many hurdles near $108 and $110. SOL price started a decent recovery wave above $100 and $102 against the US Dollar. The price is now trading below $110 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $108 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $108 and $110. Solana Price Faces Resistance Solana price remained stable and started a…