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The crypto market gained less than 1% in the last 24 hours as Bitcoin (BTC) remains stuck below the $90,000 threshold. Despite a brief attempt to reclaim the level, heavy sell-side liquidity near $89,500 has forced the flagship asset into a sideways grind, currently up just 0.82%. Ethereum (ETH) gained 1.7% and is trading near $3,000, but broader market caution persists.
Tom Lee-Backed Bitmine Stakes Another $341M in ETH, Total Staked Hits $7B
Tom Lee-backed Bitmine staked an additional 113,280 ETH, worth about $340.7 million, roughly an hour ago, further ramping up its exposure to Ethereum staking. With the latest move, Bitmine has now staked a total of 2,332,051 ETH, valued at around $7 billion, representing approximately 55% of its total ETH holdings.
Arthur Hayes Flags Japan Stress as Potential Liquidity Trigger for Bitcoin
Arthur Hayes said the simultaneous weakening of the Japanese yen and rising Japanese government bond (JGB) yields point to structural stress in Japan’s financial system, which could prompt intervention by the U.S. Treasury and the Federal Reserve, with the New York Fed acting as the operational arm. He added that such intervention would effectively inject liquidity into global markets, potentially easing pressure on U.S. Treasury yields and, if paired with an expansion of the Fed’s balance sheet, offering short-term support for risk assets, including Bitcoin.
ZachXBT Links John “Lick” to $90M US Seizure Wallet Heist, ETH Laundered via Tornado
Blockchain investigator ZachXBT has reported that an individual identified as John “Lick” is allegedly linked to the theft of more than $90 million from U.S. government crypto seizure addresses in 2024, as well as multiple thefts targeting unidentified victims between November and December 2025. According to on-chain data shared by ZachXBT, the suspect has begun moving funds through Tornado Cash, with around 11,037 ETH, worth roughly $33 million, deposited into the mixer so far.
Tether Is Shaking Up the Gold Market With Massive Metal Hoard
There are roughly 370,000 nuclear bunkers in Switzerland, a legacy of the Cold War that are now rarely used. One of them, though, is a hive of activity.
Every week, more than a ton of gold is hauled in to the high-security vault, owned by crypto giant Tether Holdings SA, which is now the world’s largest known hoard of bullion outside of banks and nation states.
Over the past year, Tether has quietly become one of the biggest players in the global gold market — the embodiment of a meeting of the crypto and gold worlds whose shared distrust of government debt is a major factor behind the surge in prices to never-before-seen highs above $5,100 an ounce.
Gemini to Close NFT Marketplace Nifty Gateway in February
Gemini Trust Co., the cryptocurrency exchange owned by Tyler and Cameron Winklevoss, said it will shut down its digital-art-token marketplace, Nifty Gateway, in February.
Users can no longer list, purchase or sell such tokens on the platform, which entered withdrawal-only mode on Friday. Customers must pull their assets by Feb. 23, after which Gemini will continue to support the tokens via the Gemini Wallet, the company said in a statement.
Bitcoin & Ethereum Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF on Tuesday was $147.37 million. The total net asset value of Bitcoin spot ETFs is $114.99 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.44%.
Source: SoSoValue
The Bitcoin spot ETF with the highest net outflow on January 27 was iShares Bitcoin Trust, with a net outflow of $102.81 million, according to SoSoValue.
Source: SoSoValue
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