The crypto market is facing a sharp downturn as major tokens like Ethena crash hard. What's causing the slump and which coins took the biggest hit today?

Major U.S.-based crypto custodian BitGo plans to go public via an initial public offering as early as Q2 2025, according to Bloomberg.

Powell confirmed in a Senate Hearing on Tuesday that the U.S. won't issue a central bank digital currency or CBDC while he's in charge.

SEC Commissioner Hester Peirce defended her approach to cryptocurrency regulation during a Bloomberg interview, prioritizing an innovation-friendly approach, rather than restrictive oversight.

The president of the United States, Donald Trump signed an executive order regarding the FCPA on Monday. He directed the Justice Department to temporarily suspend the prosecutions of Americans accused of bribing foreign government officials while trying to win or retain business in their countries.

The CEO of investment firm Pantera Capital says he is more bullish than ever on crypto due to the shift in the regulatory environment.

Many crypto analysts and investors are still eagerly anticipating the arrival of a full-blown altcoin season in this market cycle. While some surges have been observed in individual altcoins like Solana and XRP, the broader alt market has yet to see the kind of explosive rally that characterizes an official altcoin season.

The dominance of Pump.fun shows no signs of slowing down. The leading token launch platform is now responsible for over 50% of new token launches.

Federal prosecutors claimed that he posed an "urgent risk of flight," given his connections to "wealthy individuals."

Binance and the U.S. Securities and Exchange Commission (SEC) have jointly filed a motion to suspend legal proceedings for 60 days.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Federal Reserve Chair Jerome Powell confirmed that the US will never have a central bank digital currency (CBDC) while he leads the central bank. Powell made the statement on Feb. 11 while speaking at the “Semiannual Monetary Policy Report to Congress.

As crypto firms and their new government allies rail against U.S. regulators for chasing them out of banking, Powell says such tales are a worry he'll address.

Stablecoins could emerge as one of the most efficient means of payment in a global economy as legacy payment systems struggle to keep pace with AI agents, blockchain technologies and the Internet of Things (IoT), according to Sky Protocol co-founder Rune Christensen.

Analysts are expecting overall crypto revenue at Robinhood to have soared to $345.5 million from $63.9 million in the previous quarter.

Federal Reserve chair Jerome Powell told the U.S. Senate that regulators should” take a fresh look” at the crypto debanking debacle.

The SEC reportedly wants to put its case against the world's biggest crypto exchange on hold. That's because the financial regulator wants to wait as the Trump administration develops a digital asset framework, Bloomberg News reported Tuesday (Feb. 11), citing a court filing by the Securities and Exchange Commission (SEC).

The crypto market is filled with big-name projects, but some lesser-known tokens are flying under the radar. These underrated cryptos to buy now have strong technology, active development, and unique use cases that could drive their prices higher.

The US District Court for the District of Massachusetts has ordered “My Big Coin” founder Randall Crater to pay $7.6 million to victims of the fraud scheme.

Cryptocurrency exchange Gemini has received in-principle approval for an Investment Firm licence from the Malta Financial Services Authority (MFSA). This will allow the exchange to offer regulated crypto derivatives, including perpetual futures, across the European Economic Area (EEA).

Bank of England Governor Andrew Bailey has emphasized the need for stringent regulations on stablecoins, distinguishing them from Bitcoin and other cryptocurrencies. Speaking at The University of Chicago Booth School of Business in London, Bailey addressed the evolving landscape of financial markets and the role of digital assets.

Crypto and blockchain venture capital deals are forecast to reach $18 billion this year, according to PitchBook.

Prenetics integrates CircleDNA with Humanity Protocol for blockchain identity verification and invests $1.5M in crypto assets, marking its significant Web3 entry.

In a bold move, Federal Reserve Chair Jerome Powell has called for a “fresh look” at debanking, following criticism that the crypto industry is being denied access to banking services.

Investors may not see a good buying opportunity in bitcoin until the crypto's price falls around 20%, according to BCA Research.

DeFAI — a nascent sector of crypto combining DeFi with AI — has shed billions from its January high, but founders say the utility of their products is only getting better.

The cryptocurrency world has witnessed a remarkable surge in stablecoin issuance across a variety of blockchains like Solana, Ethereum and Tron.

Gemini has secured in-principle approval from Malta's financial regulator for an investment firm license, marking a significant step in its European expansion, according to a Feb. 11 statement shared with CryptoSlate. This Malta Financial Services Authority (MFSA) approval moves the exchange closer to offering regulated crypto services across the European Economic Area (EEA).

Crypto exchange Gemini has announced it secured in-principle approval from Malta Financial Services Authorities, with the pre-authorization bringing the exchange a step closer to fresh expansion in Europe.

A stablecoin framework could enhance consumer protection and foster a more balanced regulatory environment for the crypto industry. The post Fed advocates for stablecoin framework to protect consumers, says Chair Powell appeared first on Crypto Briefing.

Wondering which crypto has 100X potential? Dawgz AI ($DAGZ) combines AI-driven trading with meme culture, making it a top choice for massive growth.

Nearly a third of central banks have pushed back launching digital versions of their currencies, a new survey shows, although a desire to protect their money-minting powers mean most still intend to go ahead.

Memecoin rug pull scams amount to more than $500 million loss in 2024. Report found that social platforms X and YouTube are top hubs for crypto scams.

Federal Reserve Chair Jerome Powell told lawmakers today he's committed to fixing the crypto debanking disaster. Powell also said the Fed isn't cutting rates anytime soon, despite the perceived pressure from ‘crypto president' Donald Trump.

During a press conference last month, Powell said banks can serve crypto customers as long as they can manage the risk.

Binance, the world's largest cryptocurrency exchange, has announced the upcoming delisting of five margin trading pairs. According to the official announcement, Binance Margin will be delisting five trading pairs across the cross-margin and the isolated margin platforms.

HSBC has agreed to “unintentional breaches” in a naked short selling charge in South Korea.

OpeSea has denied all rumours about an alleged upcoming aridrop.

OpenSea has officially denied rumors that suggested users must complete a know-your-customer (KYC) process to participate in a potential token airdrop.

This is a segment from the Empire newsletter. To read full editions, subscribe.

North Carolina lawmakers have introduced a new bill intended to allow the State Treasurer to invest in what are termed “qualifying digital assets.”

BoE Gov. Andrew Bailey reflected on potential changes in the crypto regulatory environment globally, particularly following Trump's election.

The SEC and Binance have jointly requested a 60-day pause in their ongoing legal battle, citing the potential impact of the newly formed SEC Crypto Task Force. This task force, launched on January 21, aims to provide clearer regulations for the US crypto industry, shifting focus from enforcement-led regulation to proactive policy-making. The post SEC and Binance Request 60-Day Pause in Legal Case Amid Regulatory Review appeared first on Cryptonews.

Looking for the fastest-growing crypto in 2025? Dawgz AI is set to dominate the market with huge growth potential.

FTX will initiate repayments to Convenience Class creditors on Feb. 18, 2025, nearly three years after its November 2022 bankruptcy filing. FTX Creditors to Receive First Distributions Starting Feb. 18, 2025 Eligible creditors in FTX's Convenience Classes can expect funds within 1-3 business days starting Feb. 18, according to a Feb. 7 announcement.

Copper.co, a digital asset custody provider, has announced the launch of its agency lending platform. In a Feb. 11 announcement on Feb.

Plans to scale back crypto enforcement at the U.S. SEC materialized in court with a filing to resolve a complaint against Binance, the largest crypto exchange.