Author: James Wilson

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Revolut’s fintech expansion across Europe and globally is severely constraining the playing field for European fintech founders. Attempting to build a European-scale fintech — which means competing directly with Revolut — has become extremely challenging, both from a product and marketing perspective. Summary Revolut closed the fintech door — crypto opens a new one: Competing head-on with a 65M-user super-app is a losing game, but Revolut’s relative neglect of crypto creates a rare, defensible opening. MiCA turned…

Pi Network price continued its strong downward trend this week and is nearing its lowest level on record as traders anticipated a big token unlock this week. Summary Pi Network price continued its strong downward trend last week. The network will unlock 82 million tokens in the next seven days. A potential catalyst for the coin is Kraken listing. Pi Coin (PI) token was trading at $0.1450 on Sunday, a few points above the all-time low of $0.1305. It has dropped by over 90% from its all-time high, erasing billions of dollars in value. Pi token may come under pressure…

Bitwise advisor Jeff Park attributed the February 5 crypto selloff to multi-asset portfolio deleveraging rather than crypto-specific factors. Summary February 5 selling was driven by multi-asset fund deleveraging, not crypto-native fear. CME basis trades unwound violently as pod shops de-grossed across portfolios. Short gamma and structured product hedging amplified downside despite ETF inflows. IBIT recorded 10 billion in trading volume, doubling its previous high, while options activity hit historic levels led by put contracts rather than calls. The crash saw Bitcoin (BTC) fall 13.2% yet IBIT posted $230 million in net creations with 6 million new shares, bringing total ETF…

Tether has built a portfolio of 140 investments spanning sectors from South American agriculture to a stake in Italian football club Juventus, according to a Financial Times report. Summary Tether holds 140 investments, from agriculture to Juventus, funded by USDT profits. The stablecoin giant plans 150 new hires as it builds a global “freedom tech stack.” Political ties and a $500B valuation push raise scrutiny over transparency and audits. The world’s largest stablecoin issuer expanded its workforce to 300 employees and plans to add another 150 staff over the next 18 months, mostly engineers. CEO Paolo Ardoino presented Tether’s vision…

Polygon price crashed and erased all the gains it made earlier this year despite its strong fundamentals, including its growing market share in the payment industry and its growing burn rate. Summary Polygon price has crashed and erased most of the gains it made earlier this year. Data shows that its payment transaction volume has soared in the past few months. Technical analysis suggests that the token will rebound in the coming weeks as it has formed a double-bottom pattern. Polygon (POL), whose ticker was previously known as MATIC, was trading at $0.095, down sharply from the year-to-date high of…

Bitwise Asset Management has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot Uniswap ETF, marking a major step toward a regulated exchange-traded product tied directly to the UNI token. Summary Bitwise has filed for a spot Uniswap ETF, seeking to offer regulated exposure to the UNI token through traditional markets. The proposed ETF would hold UNI directly, with Coinbase Custody named as custodian. UNI traded lower despite the filing, underscoring cautious market sentiment toward altcoins. Uniswap ETF filing fails to lift UNI price Despite the filing, Uniswap (UNI) showed little immediate…

U.S. spot Bitcoin ETFs log $545M in daily outflows as BTC, ETH, and SOL slip, exposing how concentrated ETF ownership can amplify downside in a risk-off tape. Summary U.S. spot Bitcoin ETFs saw ‑$544.94M in net outflows on Feb. 4, with cumulative inflows still at $54.75B and total net assets near $93.51B, about 6.36% of BTC’s market cap. IBIT and FBTC led the day’s withdrawals while GBTC’s bleed continued, as analysts warned that “slowing spot ETF inflows and regulatory uncertainty could push Bitcoin toward the $70,000 area if outflows persist.” Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) all traded lower…

Bitcoin opened the week with a sharp CME futures gap after January’s heavy losses, as weak liquidity and cautious positioning kept pressure on price. Summary CME Bitcoin futures reopened far below the previous close after weekend selling. January’s decline was driven by liquidations and shrinking liquidity. Technical signals point to continued pressure below key resistance. Bitcoin-linked derivatives opened the new trading week with a sharp price gap after CME futures reopened nearly $6,800 lower, reflecting continued pressure following January’s weak close. CME Bitcoin futures opened around $77,730, down from Friday’s close near $84,560, creating the second-largest gap on record. Spot…

The NFT market recorded $74.88 million in sales volume over the past week, plunging 38.25% from the previous period. Summary NFT weekly sales plunged 38% to $74.88M even as market participation rose. Ethereum led NFTs with $46.9M in sales despite a sharp weekly decline. Bitcoin NFTs collapsed 71% as broader crypto prices slid lower. NFT buyers climbed 29.75% to 242,824, while sellers jumped 32.02% to 217,181. Transaction volume increased 8.29% to 726,723. At the same time, Bitcoin (BTC) has plummeted to the $83,000 level, while Ethereum (ETH) has fallen below the $2,700 mark. The global crypto market cap now stands…

London-based subscription platform OnlyFans is reportedly negotiating the sale of a 60% stake to California private equity firm Architect Capital. Summary OnlyFans is reportedly selling a 60% stake. Fenix International, OnlyFans’ parent company, invested about $19.9 million in Ethereum during 2021–2022. By November 2022, falling crypto prices caused an $8.45 million impairment; whether the company still holds the assets remains to be seen. According to the Wall Street Journal, the deal could value the company, known for its X-rated content, at $3.5 billion, or $5.5 billion including debt. Architect Capital, which specializes in restructuring complex businesses, aims to improve payment…