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BitMine Immersion chairman Tom Lee pushed back against criticism of its growing paper losses this week, saying the drawdown reflected the design of its ethereum treasury strategy rather than a flaw in execution.In a series of posts on X, Lee said BitMine is built to track the price of ether and outperform it over a full market cycle, likening its structure to an index-style product rather than a tactical trading vehicle. With crypto markets in a downturn, however, the firm said unrealized losses on its ETH holdings are inevitable.“Crypto is in a downturn, so naturally ETH is down,” Lee wrote,…

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…

A whale purchased 647.15 XAUT tokens for 2.98 million USDC.PANews reported on February 3 that, according to Onchain Lens monitoring, in the past two hours, a whale invested $2.98 million USDC to purchase 647.15 XAUT (Tether Gold) at a price of $4,601 per XAUT.Author: PA一线This content is for informational purposes only and does not constitute investment advice.Follow PANews official accounts, navigate bull and bear markets together

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…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the Bitcoin spot price is now below the cost basis of nearly two-thirds of inflows into exchange-traded funds (ETFs). 62% Of US Bitcoin Spot ETF Inflows Now In Loss In a new X post, on-chain analyst Checkmate has shared a chart discussing the latest situation related to the Bitcoin spot ETFs. Spot ETFs are investment vehicles that allow investors to gain indirect exposure to an underlying asset. Such funds are available for Bitcoin and other digital assets in many parts of the world, but…

The U.S. government has taken full legal ownership of more than $400 million in seized cryptocurrency, cash, and real estate tied to Helix, once one of the most widely used bitcoin mixing services on the darknet. A federal judge in Washington, D.C., entered a final order of forfeiture on Jan. 21, transferring the assets to the government following the conviction of Helix operator Larry Dean Harmon. The forfeiture includes thousands of bitcoin, hundreds of thousands of dollars in cash, and an Ohio mansion purchased during the peak of Helix’s operation. Helix functioned as a cryptocurrency mixer, pooling and rerouting bitcoin…

A decade-old email is reviving questions about whether projects like Ripple posed a threat to Bitcoin’s development or merely served as competitors that some BTC backers sought to exclude.The email, dated July 31, 2014, appears to show Austin Hill, then described as Blockstream’s chief executive, telling the late Jeffrey Epstein and other recipients that “Ripple, and Jed McCaleb’s new Stellar [were] bad for the ecosystem.” Blockstream is a Bitcoin-focused blockchain technology firm.The correspondence resurfaced after the US Department of Justice published millions of pages of records under the Epstein Files Transparency Act, a disclosure that includes emails, files, images, and…

Alright, today we’re talking real-world assets and more specifically, a showdown a lot of people are quietly watching. Chainlink versus Ondo. Both sit at the very top of the RWA sector. Both are working with serious institutions. One of these altcoins has BlackRock behind it… the other just got picked by the NYSE. So which one actually wins? The BlackRock Factor (Ondo’s Biggest Weapon) Let’s start with Ondo, because you really can’t talk about it without mentioning BlackRock. Ondo is essentially BlackRock’s preferred RWA partner. And look, it’s tough to bet against BlackRock. What is the impact of BlackRock launching…

Ethereum co-founder Vitalik Buterin has proposed a new creator token model that combines decentralized autonomous organizations (DAOs) with prediction market mechanics to incentivize higher-quality content creation.Creator tokens, or content coins, are blockchain-based assets that can grant fans a slice of ownership, access rights, or even royalties for the content creator’s work, which could be in the form of posts, photos, music, or videos. However, in a post on X on Sunday, Buterin said existing creator token platforms notably prioritize mass content creation over quality, and that this is now being exacerbated by AI-generated content.To combat this, Buterin said one idea would…

In brief A Nevada state court has issued a temporary restraining order blocking Polymarket from offering event contracts. Judge Woodbury ruled the harm from evading Nevada’s “comprehensive regulatory structure” is “immediate, irreparable and not sufficiently remediable by compensatory damages.” The decision adds to mounting regulatory pressure on prediction markets, following enforcement actions in Tennessee and bans in Portugal and Hungary. A Nevada state court has issued a temporary restraining order blocking Blockratize, the entity behind Polymarket, from offering event-based contracts in the state for two weeks, finding that the platform’s activities likely violate Nevada gaming law and are not shielded…