The post Dogecoin Price Today Jumps After Elon Musk Comment appeared first on Coinpedia Fintech News

Dogecoin price jumped after a fresh comment from Elon Musk renewed interest in the meme coin. The move pushed DOGE price today to the top of the crypto market’s gainers over the past 24 hours.

Elon Musk Dogecoin Comment Boosts Market Sentiment

The latest rally followed a playful yet powerful post from Elon Musk, where he hinted that Dogecoin could finally go to the moon next year. The comment referenced his long-standing promise from 2021 and brought fresh attention to the DOGE-1 lunar mission, a SpaceX-linked project funded entirely using Dogecoin.

When @elonmusk ? pic.twitter.com/Ugc6Dcl7xe

— Tesla Owners Silicon Valley (@teslaownersSV) February 3, 2026

DOGE-1 is planned as a lunar payload mission aimed at collecting data from the Moon, while also showcasing how cryptocurrency can be used beyond Earth. Although the mission has faced several delays and was earlier expected to launch in mid to late 2026, Musk’s latest comment reignited market hopes, at least from a sentiment point of view.

Dogecoin Price Today Outperforms Major Cryptocurrencies

Following Musk’s post, Dogecoin price surged nearly 5%, briefly reaching $0.109 before settling near $0.1068. This made DOGE the top-performing asset among the top 10 cryptocurrencies by market cap during early Tuesday trading.

The broader crypto market also moved higher, gaining around 2% during the same period. Bitcoin price today climbed above $78,000 but lagged behind Dogecoin, posting a smaller 2.4% rise. The gap once again highlighted how strongly DOGE reacts to sentiment, especially when Elon Musk is involved.

The renewed excitement has caught the attention of market analysts. Crypto trader Trader Tardigrade compared current market conditions to Dogecoin’s 2020 rally. According to the analyst, DOGE previously bottomed when the U.S. dollar index and gold peaked, leading investors to shift toward riskier assets like cryptocurrencies.

This comparison has strengthened the bullish outlook and added confidence to the idea that Dogecoin may be entering another upward phase.

DOGE Utility and ETF News Add Extra Support

Beyond hype, Dogecoin is also seeing progress in real-world use. House of Doge recently announced plans for a Dogecoin payment app, which will allow users to create wallets, buy DOGE, and make payments from one platform.

Meanwhile, Dogecoin ETFs are slowly gaining traction. After a quiet start, these products have recorded new inflows, pushing total net inflows close to $7 million. While still modest, this trend points to growing interest from institutional investors.

What’s Next for DOGE Price?

For now, Dogecoin’s rally remains largely driven by sentiment. Traders will be closely watching whether Musk’s comments lead to real progress or fade like previous hype-driven spikes. Until then, DOGE remains one of the most reactive cryptocurrencies, capable of strong price moves from a single social media post.

The post Why Grayscale-Linked Firms Are Quietly Selling XRP and Solana appeared first on Coinpedia Fintech News

Grayscale-linked entities are quietly reducing their exposure to XRP and Solana as selling pressure builds across the crypto market. Recent US SEC filings show that insiders connected to Grayscale and its parent company, Digital Currency Group (DCG), have offloaded portions of their holdings in XRP and Solana-linked investment products amid a broader market pullback.

The disclosures come as the crypto market grapples with a sharp correction, wiping out nearly $5 billion in value and triggering sustained outflows from several spot and staking-based ETFs.

Insider Sales Signal Defensive Positioning

According to Form 144 filings, Digital Currency Group sold 15,000 shares of the Grayscale Solana Staking Trust (GSOL) on February 2, with the transaction valued at roughly $115,000. The sale was executed through Canaccord Genuity and involved shares initially acquired via a private cash transaction earlier this year.

This was not an isolated move. Over the past week, DCG is reported to have sold a total of 26,000 GSOL shares, signaling a cautious stance as Solana faced mounting downside pressure.

Solana’s price reflected this shift in sentiment, falling nearly 16% over the past week and slipping below the $100 mark, a psychologically important level for traders and long-term holders alike.

Solana ETF Outflows Add to the Pressure

The GSOL product has now recorded outflows for four consecutive trading sessions, with net redemptions totaling approximately $5.5 million. While spot Solana ETFs collectively saw modest inflows on Monday, GSOL itself failed to attract fresh capital, highlighting investor hesitation toward staking-linked exposure during heightened volatility.

The contrast between spot inflows and GSOL stagnation suggests institutions are becoming more selective about risk as price momentum weakens.

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XRP Sees Even Sharper Institutional Pullback

A similar pattern has emerged in XRP-linked products. DCG International Investments Ltd disclosed the sale of 3,620 shares of the Grayscale XRP Trust (GXRP), worth around $115,000, also executed on February 2. The shares were originally acquired in September 2024 through a privately negotiated deal.

The move follows an even larger reduction last week, when the firm sold 15,000 GXRP shares as XRP dropped below the $1.60 level.

ETF flow data paints a bleak picture. Spot XRP ETFs recorded their largest daily outflow at nearly $93 million, with Grayscale’s XRP product accounting for the majority of redemptions. Additional withdrawals were seen from rival offerings, reinforcing the bearish institutional tone.

What This Means for the Market

While insider selling does not necessarily indicate long-term bearish conviction, the timing is notable. With ETF outflows accelerating and prices under pressure, Grayscale-linked firms appear to be de-risking amid uncertain near-term conditions. For XRP and Solana, institutional confidence may need a clear shift in market structure before meaningful recovery can begin.

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The post Bitcoin Price Crash Is Far From Over – Here’s Why appeared first on Coinpedia Fintech News

Bitcoin’s fall toward the $75,000 level did not come as a surprise to analysts. The move was not caused by panic selling or bad news. Instead, experts say the drop is the result of a long-term technical breakdown that has been building for months.

According to analysis shared by The Block Vlog, Bitcoin has shifted from a strong uptrend into a broader correction phase after losing key support levels.

Bitcoin Trend Shift Started in Late 2025

The first warning signs appeared in November 2025, when Bitcoin failed to hold its important $91,000 daily support. This level had supported the bullish trend for weeks.

Once that support broke, the market structure changed. Bitcoin stopped making higher highs and higher lows, confirming that the previous bull market cycle had ended. A rising wedge pattern also broke down, which is often a bearish signal.

At the same time, momentum indicators across higher timeframes turned weak. Weekly momentum slowed, medium-term indicators flipped bearish, and monthly candles began closing below short-term moving averages. Together, these signals pointed to a deeper correction, not just a short pullback.

Why Bitcoin Falling to $75,000 Was Expected

After losing the $91,000 support, downside targets between $76,900 and $71,800 became active. Bitcoin reached the $75,000 zone within days, confirming those technical predictions.

The speed of the drop stood out, especially because it happened over the weekend, when markets usually move more slowly. This suggested strong selling pressure rather than normal profit booking.

Although $75,000 is an important psychological level, analysts say it is not a strong long-term support. From a weekly view, Bitcoin already lost the more critical $85,000 support, leaving the price vulnerable to further declines.

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Ethereum Price Outlook Depends on ETH/BTC Pair

For Ethereum, analysts are paying more attention to the ETH/BTC chart than the dollar price. While Ethereum remains bullish in the long run, it must hold the 0.026–0.029 support range against Bitcoin.

If Ethereum fails to show strength relative to BTC, it is unlikely to outperform Bitcoin in the near term, even if the broader market stabilizes.

What Next For BTC Price?

If the downtrend continues, a larger measured move from the weekly chart points toward the $63,000 region as a possible next target. This does not mean an immediate fall, but it remains a realistic risk if weakness continues.

On the upside, short-term relief rallies may face resistance near $78,500. Stronger selling pressure is expected between $84,500 and $87,200. A rejection from these zones would likely strengthen the bearish trend again.

The bearish outlook would only change if Bitcoin can reclaim and hold above the $93,000–$94,000 range on a weekly close. Until then, analysts expect high volatility, with downside risks still very much in play.

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The post Tether Enters Bitcoin Mining With Open-Source MiningOS appeared first on Coinpedia Fintech News

Tether has officially entered the Bitcoin mining infrastructure space with the launch of MiningOS (MOS), an open-source operating system designed to simplify, enhance transparency, and scale Bitcoin mining. The stablecoin issuer states that the move is designed to lower entry barriers for miners and promote greater decentralization across the Bitcoin network.

Ending Reliance on Closed Bitcoin Mining Software

According to Tether, Bitcoin mining has traditionally relied on closed, proprietary software that forces miners to depend on expensive third-party providers. With MiningOS, Tether aims to eliminate these “black box” systems by giving miners full visibility and control over their operations.

The company emphasized that transparency and collaboration are core principles of MiningOS, marking a shift away from vendor-controlled mining platforms toward open Bitcoin mining infrastructure.

Scalable Bitcoin Mining Software for Small and Large Miners

MiningOS is built as a modular and scalable platform, capable of supporting both home-based mining setups and large-scale industrial mining operations. The system uses a self-hosted architecture and connects mining devices through an integrated peer-to-peer network, reducing reliance on centralized services.

Tether also introduced a management dashboard that allows miners to optimize settings based on performance, scale, and output needs. CEO Paolo Ardoino described MiningOS as a complete mining framework that can operate efficiently across multiple locations while maintaining consistent performance.

Open-Source, Hardware-Agnostic Bitcoin Mining Platform

Released under the Apache 2.0 open-source license, MiningOS is free to use, modify, and customize. Tether stated that the software is built using Holepunch peer-to-peer technology, ensuring there are no hidden controls, backdoors, or centralized dependencies.

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Unlike some existing solutions, such as mining software from Block that is optimized for proprietary hardware, MiningOS is hardware-agnostic. This allows miners to use a wide range of mining machines, making the platform more accessible to operators with diverse hardware setups.

MiningOS Aligns With Tether’s Broader Crypto Expansion

Tether first revealed plans for an open-source mining operating system in June last year, citing the need for new miners to compete without relying on costly vendors. The release of MiningOS aligns with Tether’s broader expansion beyond stablecoins.

The company has recently increased its involvement in Bitcoin mining, tokenization, artificial intelligence, decentralized finance, and alternative assets, while also expanding its exposure to Bitcoin and gold.

By open-sourcing Bitcoin mining infrastructure, Tether is positioning itself as a key contributor to strengthening decentralization and transparency at the network level.

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The post Ripple News Today: Ripple Secures Full EMI License in Europe, Unlocks EU-Wide Payments appeared first on Coinpedia Fintech News

Ripple has reached a major regulatory milestone in Europe after obtaining full approval for an Electronic Money Institution (EMI) license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). This authorization upgrades Ripple’s status from “in-principle” approval to a fully operational license, allowing the company to legally provide regulated payment services across the European Union. The move places Ripple under a unified regulatory framework, enabling it to serve clients across multiple EU member states through passporting rights.

From Conditional Approval to Full Authorization

Ripple first revealed its preliminary approval for the Luxembourg EMI license last month. Since then, the company has satisfied all regulatory, operational, and compliance requirements set by the CSSF, clearing the final hurdle for full authorization. With this approval, Ripple is permitted to issue electronic money and deliver payment services throughout the EU without needing separate licenses in each jurisdiction.

Cassie Craddock, Ripple’s Managing Director for the UK and Europe, described the approval as a key step in strengthening Ripple’s role within European finance. She emphasized that Europe remains central to Ripple’s long-term strategy and that the license enhances the firm’s ability to provide compliant, blockchain-powered financial infrastructure to businesses transitioning toward digital-first payments.

Expanding Ripple Payments Across the EU

The Luxembourg EMI license is expected to accelerate the rollout of Ripple Payments, the company’s cross-border payments solution built for banks, fintech firms, and enterprise clients. Ripple Payments aims to modernize international transfers by improving settlement speed, lowering transaction costs, and increasing transparency compared to traditional correspondent banking systems.

Luxembourg’s status as a preferred hub for regulated financial services makes it a strategic base for Ripple’s EU expansion. While the company has not outlined a specific timeline or named initial markets, the license gives Ripple flexibility to scale its payment services across the bloc as demand grows.

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A Growing Regulatory Footprint

Ripple’s European progress comes alongside recent regulatory wins in the United Kingdom, where the company secured both an EMI license and cryptoasset registration from the Financial Conduct Authority. With the Luxembourg approval included, Ripple now holds more than 75 regulatory licenses and registrations worldwide, positioning it as one of the most heavily regulated firms in the digital asset industry.

Rather than viewing regulation as a barrier, Ripple sees compliance as a competitive advantage as institutional adoption of blockchain-based payments accelerates.

Unlocking Institutional-Scale Capital Flows

Commenting on the broader implications, X user Nzheo highlighted that infrastructure developments like this could unlock as much as $2 trillion in USD and EUR value moving daily. The focus on instant settlement, no pre-funding, and lower costs marks a significant improvement over legacy payment rails. Nzheo added that once a permissioned decentralized exchange becomes operational, real-world assets could begin moving on-chain quickly, potentially opening the door to large-scale institutional capital flows across regulated blockchain networks.

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The post Raoul Pal Explains Why the Crypto Market Isn’t Broken Despite Recent Downturn appeared first on Coinpedia Fintech News

The ongoing crypto sell-off has rattled investor confidence, but macro investor Raoul Pal believes the narrative around crypto being “broken” is deeply flawed. According to Pal, the current downturn has little to do with crypto-specific issues and everything to do with a severe liquidity crunch in the United States, triggered by repeated government shutdowns and broader structural drains in the financial system.

U.S. Liquidity, Not Crypto, Is the Core Problem

In a recent X post, the Global Macro Investor founder explained that markets should be trending higher this cycle, but U.S. liquidity constraints are holding them back. Pal pointed to two U.S. government shutdowns as a major shock to liquidity, combined with issues in what he described as “U.S. plumbing.” Notably, the Reverse Repo facility drain was largely completed in 2024, removing a key source of excess liquidity that had previously supported risk assets.

The most recent shutdown began last Friday, despite the Senate reaching a funding deal. With the House not in session until later this week, liquidity conditions tightened further, creating what Pal described as a temporary “air pocket” for markets. Still, he remains optimistic that the shutdown could be resolved soon, removing what he believes is the final major hurdle for liquidity to return.

Debunking the Fed and Warsh Narrative

Pal also dismissed growing concerns around former Federal Reserve Governor Kevin Warsh, who has been nominated as the next Fed chair. Some market participants have labeled Warsh as hawkish, suggesting rate cuts may be delayed or avoided altogether. Pal called this narrative “baseless,” arguing that Warsh’s mandate aligns with a Greenspan-style playbook.

According to Pal, Warsh is expected to cut rates and largely stay out of the way while fiscal authorities and banks drive liquidity. He emphasized that balance sheet tightening is unlikely due to existing reserve constraints, warning that aggressive moves could destabilize lending markets.

Bitcoin Slides as ETF Outflows Accelerate

While macro pressures dominate, Bitcoin remains under pressure in the near term. BTC is down another 2%, trading near $76,000 at press time, marking a sharp reversal from the upward momentum seen earlier this month. Heavy spot Bitcoin ETF outflows have amplified the weakness.

Over the past two weeks alone, spot BTC ETFs recorded roughly $2.8 billion in net outflows, making January one of the worst months on record for institutional selling. Total assets under management across Bitcoin ETFs have now fallen about 31% from their October peak, dragging sentiment lower across the broader crypto market.

Looking Ahead: Patience Over Panic

Despite the brutal price action, Pal ended on a bullish note. He believes the forces suppressing liquidity are nearly exhausted and that markets are approaching a turning point. In his view, time, not short-term price moves, matters most in full-cycle investing. If liquidity begins to flow again as expected, Pal sees the groundwork being laid for a powerful bull phase heading into 2026.

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The post Why Gold and Silver Fell Dramatically and How Bitcoin Reacted appeared first on Coinpedia Fintech News

Gold and silver deepened their dramatic decline on Monday, extending last Friday’s historic rout that erased trillions in market value. What had been a powerful safe-haven rally quickly flipped into a violent correction, driven by a stronger U.S. dollar, aggressive profit-taking, and rising margin pressures. Analysts say the speed and scale of the move signal that speculative positioning had reached unsustainable levels.

Spot gold dropped around 5% to $4,616.79 per ounce, following nearly 10% losses on Friday when prices crashed below $5,000. Silver fared far worse. After plunging nearly 30% in a single session last week, its worst daily performance since March 1980, the metal extended its fall, briefly sliding more than 12% before stabilizing near $78.30 per ounce.

Trillions Wiped Out in Days

Crypto analyst, Bull Theory, described the move as a historic crash rather than a routine correction. According to the analyst, nearly $10 trillion in combined market value was erased from gold and silver in just three days. Gold alone was estimated to be down roughly 20% from its peak, wiping out about $7.4 trillion in value, around five times the entire market capitalization of Bitcoin.

Silver’s collapse was even more extreme. Analyst noted that the metal has fallen close to 40% from its highs, erasing roughly $2.7 trillion in market value, a figure comparable to the entire crypto market. The analyst warned that so-called safe-haven assets are now trading with volatility levels more commonly associated with crypto memecoins, highlighting how crowded and leveraged these trades had become.

What triggered the sell-off?

A key driver of the sell-off has been renewed strength in the U.S. dollar. The dollar index has gained around 0.8% since Thursday, making dollar-denominated gold and silver more expensive for overseas buyers. At the same time, expectations for tighter monetary policy have increased the opportunity cost of holding non-yielding assets like gold.

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Markets were caught off guard after President Donald Trump nominated former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as Fed chair when his term ends in May. Warsh is known for favoring tighter monetary policy, a shift that has boosted the dollar and dampened enthusiasm for rate-sensitive assets.

CME Margin Hikes Add Pressure

The CME Group moved quickly in response to last week’s volatility, announcing higher margin requirements effective after Monday’s market close. Margins on COMEX gold futures were raised from 6% to 8%, while margins on COMEX 5,000-ounce silver futures jumped from 11% to 15%.

Experts Watch the Crypto Link

Crypto analyst Michaël van de Poppe focused on silver’s extended correction, noting that the metal was down more than 40% in just two days. He described the move as a “massive bloodbath” and pointed out that Bitcoin had already felt the impact over the weekend, though it had begun to stabilize as commodities took the brunt of the selling.

Van de Poppe emphasized a recurring market pattern: when commodities fall sharply, crypto often follows. However, he also noted that once commodities find a bottom, digital assets have historically outperformed.

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The post Jupiter Integrates Polymarket to Build Solana’s First On-Chain Prediction Market Hub appeared first on Coinpedia Fintech News

Solana-based decentralized exchange Jupiter is taking a significant step beyond token swaps by integrating Polymarket into its ecosystem. The move brings prediction markets to Solana through Jupiter for the first time, signaling a strategic shift toward building a more comprehensive on-chain financial platform. By adding event-based trading to its offerings, Jupiter is positioning itself as more than a liquidity router and aiming to become a central hub for multiple DeFi use cases.

Jupiter described Polymarket as the largest prediction market in crypto and said the integration is designed to give users a unified on-chain experience. Traders will be able to engage with prediction markets alongside traditional DeFi products, reflecting Jupiter’s ambition to make predictions a core part of its long-term growth strategy.

Building a Dedicated On-Chain Prediction Market Hub

Prediction markets have gained renewed attention over the past year, particularly as traders increasingly speculate on elections, macroeconomic data, and major global events. Jupiter plans to lean into this momentum by developing dedicated infrastructure around prediction markets. While the team has not shared a launch timeline or technical details, it outlined plans to roll out prediction-focused APIs, revamped market discovery tools, deeper data insights on individual markets, and new trading and communication mechanisms.

This focus suggests Jupiter sees prediction markets not as an add-on, but as a foundational pillar alongside swaps and other on-chain products.

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ParaFi Capital Makes a Strategic $35 Million Bet

Alongside the Polymarket announcement, Jupiter revealed it has secured a $35 million strategic investment from ParaFi Capital. The investment was settled entirely in JupUSD, Jupiter’s dollar-pegged token, and executed at spot price. ParaFi also agreed to an extended lockup for its JUP tokens, a move widely viewed as a signal of long-term confidence in Jupiter’s roadmap.

Jupiter said the fresh capital will be used to accelerate development across its broader on-chain financial infrastructure, with prediction markets expected to play a central role in the coming year.

Strengthening Jupiter’s Role in the Solana Ecosystem

Jupiter already holds a dominant position within Solana’s DeFi landscape, with roughly $2.35 billion in total value locked and strong fee and revenue generation. Adding prediction markets further diversifies its product stack and deepens its relevance to active traders.

At the same time, Jupiter has launched its long-awaited JUP airdrop, which has been highlighted as one of the largest token distributions on Solana. The airdrop is designed to reward genuine ecosystem participants, including users of swaps, perpetuals, lending, DCA, and limit orders, liquidity providers, stakers, and active SOL traders.

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The post Meme Coin Crash Wipes Out $58M From Murad Mahmudov’s Portfolio appeared first on Coinpedia Fintech News

January 2026 opened with a sharp reminder of crypto’s volatility. Bitcoin slipped toward the $82,000 mark, while total market liquidations surged past $1.7 billion in a single wave of selling. Investor sentiment deteriorated rapidly, with the Crypto Fear & Greed Index falling into extreme fear territory. Amid this market stress, a high-profile meme coin collapse drew widespread attention across the crypto community.

Murad’s Portfolio Suffers a Severe Drawdown

According to Ash Crypto, prominent meme-coin KOL Murad Mahmudov saw his meme coin portfolio collapse by nearly 86% over the past six months. At its peak in July 2025, the portfolio was valued at around $67 million. Today, that figure has fallen sharply to roughly $9.1 million, translating to cumulative losses of about $58 million during the downturn.

The scale of the drawdown has made Murad’s portfolio a clear case study of how quickly speculative crypto wealth can evaporate when market conditions shift.

Concentration Risk Amplifies Losses

Murad’s holdings were heavily concentrated in meme-based tokens, which suffered some of the steepest declines during the broader market pullback that began in late 2024. His largest reported position, SPX6900 (SPX), dropped more than 80% from its all-time high. Other major meme coin positions reportedly fell between 75% and 90%, compounding the overall damage.

This concentration significantly amplified losses as risk appetite faded. Unlike larger cryptocurrencies with deeper liquidity and broader use cases, meme coins tend to move sharply with sentiment, making them especially vulnerable during market-wide sell-offs.

Why Meme Coins Get Hit the Hardest

Analysts point to several overlapping factors driving such extreme declines. A shift in macro sentiment often pushes investors away from speculative assets first. Meme coins, which typically lack strong fundamentals or utility, are highly dependent on hype cycles and social momentum. Once that momentum breaks, selling pressure can escalate quickly.

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Leverage also plays a key role. Aggressive traders frequently use borrowed capital in meme coin markets, which can trigger cascading liquidations as prices fall, accelerating losses across the board.

A Broader Lesson for Crypto Investors

While Mahmudov’s experience is notable due to his public profile, the pattern itself is familiar to seasoned crypto observers. Sharp drawdowns of 75% to 95% are not unusual for meme coins during broader downturns. The episode reinforces a long-standing lesson: diversification matters, speculative assets carry outsized risk, and capital allocated to high-volatility tokens must be money investors can afford to lose.

As crypto markets remain fragile, Murad’s portfolio collapse stands as a timely reminder that even during bull cycles, risk management remains essential.

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