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Top Stories of The Week
Metaplanet CEO rejects claims it hid details of BTC trades
Metaplanet CEO Simon Gerovich pushed backmost against accusations that the institution misled investors astir its Bitcoin strategy and disclosures.
Critics connected X person argued that Metaplanet delayed oregon withheld price‑sensitive accusation astir ample Bitcoin purchases and options trades funded with shareholder capital, obscured losses from its derivatives strategy and failed to afloat disclose cardinal presumption of its BTC‑backed borrowings.
In a elaborate X station connected Friday, Gerovich argued that Metaplanet promptly reported each Bitcoin purchases, enactment strategies and borrowings, and that critics were misreading its fiscal statements alternatively than uncovering misconduct.
Bitcoin ETFs shed $166 cardinal successful atrocious commencement to year
Selling unit successful US-listed spot Bitcoin ETFs continued Thursday, with analysts noting the cryptocurrency is connected way for 1 of its worst yearly starts.
Spot Bitcoin ETFs saw $165.8 cardinal successful outflows Thursday, bringing play losses to $403.9 million, according to SoSoValue data.
The redemptions moved the funds person to a imaginable five-week outflow streak, with year-to-date losses totaling $2.7 billion.
Trading enactment continued to shrink, falling 21% implicit the week and reaching its lowest levels since precocious December, signaling weakening capitalist activity.
White House floats constricted stablecoin rewards
The US White House has held another gathering betwixt representatives from the cryptocurrency and banking industries connected a marketplace operation measure nether information successful the US Senate, seeking to robust retired differences connected stablecoin output provisions, among different issues.
In a Thursday Fox News interview, Ripple CEO Brad Garlinghouse said that the company’s main ineligible officer, Stuart Alderoty, attended the gathering with White House officials earlier successful the day.
The White House reportedly refocused talks betwixt crypto and slope lobbyists connected limiting however stablecoin rewards should beryllium paid.
It was the 3rd gathering successful 16 days to sermon stablecoin provisions that person stalled the crypto bill.
No statement was reached connected Thursday, but executives astatine Coinbase and Ripple said advancement was made, arsenic 1 of the White House’s crypto advisers urged a trade-off that would fto 3rd parties, specified arsenic exchanges, connection stablecoin rewards lone connected transaction activity, not connected balances.
Passed by the US House of Representatives successful July, the CLARITY Act has faced respective delays arsenic it moves done the Senate and its applicable committees.
These included 2 authorities shutdowns (the longest successful the country’s history, spanning 43 days successful 2025), concerns from Democratic lawmakers astir conflicts of interest, and groups pushing for provisions connected decentralized finance, tokenized equities, and stablecoin yield.
Source: CointelegraphQuantum fears aren’t down Bitcoin’s 46% drop, says dev
Bitcoin’s caller sell-off isn’t owed to quantum computing fears, due to the fact that if that were the case, Ether would beryllium soaring, says Bitcoin developer Matt Corallo.
“I powerfully disagree with the characterization that Bitcoin's existent terms is materially due to the fact that of immoderate benignant of quantum risk,” Corallo told writer Laura Shin connected the Unchained podcast connected Thursday.
“If that were true, past Ethereum would beryllium up substantially connected Bitcoin,” helium added. Ether is down 58% since a large crypto marketplace clang successful aboriginal October, trading astatine $1,957 astatine the clip of publication.
Corallo’s comments travel arsenic respective Bitcoiners person argued that fears of quantum computing affecting the blockchain are partially to blasted for Bitcoin's 46% driblet from its October all-time precocious of $126,100 to its existent terms of $67,162, according to CoinMarketCap.
Winners and Losers
At the extremity of the week, Bitcoin (BTC) was astatine $68,004, Ether (ETH) astatine $1,972, and XRP astatine $1.42. The full marketplace headdress is astatine $2.33 trillion, according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the apical 3 altcoin gainers of the week are Stable (STABLE) astatine 19.62%, Morpho (MORPHO) astatine 13.05% and Injective (INJ) astatine 10.99%.
The apical 3 altcoin losers of the week are Humanity Protocol (H) astatine 27.34%, Chiliz (CHZ) astatine 19.60% and Arbitrum (ARB) astatine 19.54%. For much info connected crypto prices, marque definite to read Cointelegraph’s marketplace analysis.
Source: CointelegraphMost Memorable Quotations
“I powerfully disagree with the characterization that Bitcoin's existent terms is materially due to the fact that of immoderate benignant of quantum risk.”Matt Corallo, Bitcoin developer and unfastened root technologist astatine Spiral
“Lack of Privacy whitethorn beryllium the missing nexus for crypto payments adoption. Imagine a institution pays employees successful crypto onchain. With the existent authorities of crypto, you tin beauteous overmuch spot however overmuch everyone successful the institution is paid by clicking the ‘from’ address.”Changpeng "CZ" Zhao, co-founder and erstwhile CEO of Binance
“To look astatine this arsenic a movie trailer and what's up for Bitcoin and quantum. Just the preview here. It's a two-step process. We're going to upgrade and chill. That's it. That's the process.”Matthew Roszak, president of Bloq and co-founder of Hemi
“When the Treasury ramps up Treasury measure issuance, it is financing spending that flows into the existent economy, and yet into hazard assets similar Bitcoin. When Treasury measure issuance falls oregon turns negative, that fiscal tailwind fades.”Amir Hajian, researcher astatine Keyrock
Eric Trump, lad of US President Donald Trump
“Post FTX DeFi spot lending leverage ne'er truly came backmost successful the aforesaid way; it changed, morphed into thing we understood less.”Will Sheehan, laminitis of Parsec Finance
Top Prediction of The Week
Bitcoin’s catalyst could beryllium AI stocks turning “silly big”: Lyn Alden
Bitcoin’s adjacent large limb up could hinge connected artificial quality stocks becoming excessively overvalued successful the eyes of investors, according to macroeconomist Lyn Alden.
“It could beryllium that the AI stocks yet conscionable peak; they get truthful silly large that they can’t get realistically overmuch higher,” Alden told Natalie Brunell connected the Coin Stories podcast published to YouTube connected Thursday.
When an asset’s terms rises to a level wherever further gains are harder to justify, superior often moves into different opportunities with much imaginable upside.
Source: CointelegraphTop FUD of The Week
Uniswap laminitis slams scam crypto ads aft unfortunate “lost everything”
Hayden Adams, laminitis and CEO of the decentralized speech Uniswap, has warned users astir fraudulent ads impersonating the platform, highlighting a lawsuit successful which a unfortunate reportedly mislaid everything.
January saw the highest magnitude of wealth stolen successful crypto scams successful 11 months.
“Scam ads support returning contempt years of reporting,” Adams said successful an X station connected Friday. “There were scam Uniswap apps portion we waited months for App Store approval.”
Scammers are progressively buying ads connected fashionable hunt engines targeting keywords similar “Uniswap,” truthful erstwhile crypto users hunt for it, the apical effect looks official.
Unsuspecting users whitethorn past link their wallets and o.k. a transaction, allowing scammers to drain their full funds.
Tennessee justice issues injunction blocking authorities determination against Kalshi
A US national justice successful Tennessee temporarily blocked the state from enforcing its gambling laws against prediction-market relation Kalshi’s sports-event contracts.
The ruling, issued by Judge Aleta Trauger of the US District Court for the Middle District of Tennessee connected Thursday, allows Kalshi to proceed offering sports-related lawsuit contracts to users successful the authorities portion its suit against Tennessee regulators proceeds.
Trauger recovered that Kalshi is apt to win connected the merits of its assertion that national commodities instrumentality preempts Tennessee’s effort to modulate its sports markets arsenic amerciable gambling.
Source: CointelegraphSouth Korean authorities nether occurrence implicit Bithumb Bitcoin error
South Korean lawmakers are stepping up pressure connected fiscal regulators aft crypto speech Bithumb mistakenly credited customers with Bitcoin it did not hold, an mistake that concisely sparked a unreserved to merchantability and renewed questions astir oversight of the country’s fast-growing digital-asset market.
Lawmakers said the Financial Services Commission failed to observe captious flaws successful Bithumb’s interior systems contempt astatine slightest 3 inspections since 2022, The Korea Times reported Thursday.
Representative Kang Min-guk of the main absorption People Power Party said the incidental was much than a method mishap, claiming structural weaknesses successful the crypto market, including gaps successful regularisation and oversight.
Bithumb mistakenly credited 2,000 Bitcoin per idiosyncratic alternatively of 2,000 Korean won ($1.40) during a promotional lawsuit connected Feb. 6, distributing a full of 620,000 BTC that the speech did not really hold.
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