Major cryptocurrencies are deep in the red after an across-the-board downturn on Tuesday; BTC dipped 3% to $88,200, ETH dropped 6% to $2,905, SOL shed 2% to $127, and XRP slipped 2% to $1.88.
MYX (+11%) and ZRO (+10%) paced the list of top gainers.
Both Bitcoin and Solana dropped beneath critical technical support thresholds as selling momentum intensified.
More than $1 billion in leveraged long positions were wiped out as Bitcoin tumbled under $88,000.
Delaware Life integrated Bitcoin exposure into a fixed indexed annuity product by tracking BlackRock’s spot BTC ETF, representing an early major push to bring crypto access into conventional insurance offerings.
Trump Media revealed intentions to distribute crypto tokens via an airdrop to equity holders this February, establishing its initial on-chain reward tied straight to share ownership.
Coinbase chief executive Brian Armstrong visited Davos to advocate for a mutually beneficial U.S. crypto regulatory framework legislation amid revived legislative drive.
The gambling authority in Portugal restricted access to Polymarket over unauthorized betting violations as decentralized prediction platforms encounter increasing worldwide regulatory pressure.
The Commodity Futures Trading Commission (CFTC) cautioned that it lacks adequate preparation to assume broader crypto regulatory duties, citing personnel deficits following an approximate 21.5% cut in staff.
Galaxy Digital unveiled plans to launch a $100 million hedge fund focused on digital assets and financial technology.
World Liberty Fi disclosed that its initial annual forum will take place at Mar-A-Lago on February 18.
Originally published at https://decrypt.co/videos/interviews/nWmEOl4c/trumps-speech-at-davos-gives-small-boost-to-crypto-saylor-buys-213b-btc-blondish-interview.
