The post Bitwise Expands Into Staking With Chorus One Acquisition appeared first on Coinpedia Fintech News

Bitwise Asset Management has announced the acquisition of Chorus One, a major institutional staking services provider, marking a strategic expansion into on-chain yield generation. As per the report, the deal brings Chorus One’s staking infrastructure into Bitwise’s ecosystem, which already oversees more than $15 billion in client assets globally. Although financial terms were not disclosed, the move highlights Bitwise’s intent to deepen its role beyond passive crypto exposure.

Why Staking Is Central to Bitwise’s Strategy

Staking has emerged as one of the fastest-growing areas in digital asset management, particularly among institutional investors seeking yield in a low-interest-rate environment. By integrating Chorus One, Bitwise can directly support clients who hold spot crypto assets and want to earn rewards through proof-of-stake networks. The acquisition positions staking as a core offering rather than an add-on, aligning with Bitwise’s broader push toward diversified, multi-strategy crypto solutions.

Chorus One Brings Scale and Infrastructure

Chorus One currently manages around $2.2 billion in staked assets and operates validator infrastructure across several major blockchain networks. Its expertise allows institutions to participate in staking without managing technical complexity or security risks themselves. Folding this capability into Bitwise’s platform enables tighter integration between asset management, custody, and yield generation, creating a more streamlined institutional experience.

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Ethereum Staking Demand Continues to Rise

The timing of the deal is notable as Ethereum staking activity reaches record levels. Roughly 30% of ETH’s circulating supply is now staked, signaling strong long-term confidence in the network. However, the surge in participation has also led to operational bottlenecks, with new validators facing activation delays that stretch beyond two months. Despite these hurdles, demand for Ethereum-based yield remains robust, reinforcing staking’s appeal.

Bitwise’s acquisition fits into a wider trend of consolidation across the crypto sector. In 2025, merger and acquisition activity surged as firms sought scale, efficiency, and end-to-end product offerings. Staking providers, in particular, have become attractive targets as asset managers look to internalize yield generation rather than rely on external partners.

Traditional Finance Moves Toward Crypto Yield

The deal also reflects a shift among traditional financial institutions. Firms such as Morgan Stanley and Grayscale are increasingly exploring staking within ETFs and trust structures, signaling growing acceptance of crypto-native yield strategies. This convergence suggests staking is becoming a standard component of institutional crypto portfolios.

Overall, Bitwise’s acquisition of Chorus One underscores how staking is changing into a foundational pillar of institutional digital asset investing, shaping the next phase of market maturity.

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The post CLARITY Act Could Become Law by April 2026, Industry Leaders Optimistic appeared first on Coinpedia Fintech News

U.S. Senate Democrats are preparing to restart discussions on long-awaited legislation for regulating the crypto market, signaling a renewed effort to reduce uncertainty around digital assets. This closed-door meeting is the first formal Democratic engagement since the bill’s markup was delayed last month, raising hopes that progress may resume after weeks of delay.

According to journalist Eleanor Terrett, Democratic lawmakers will use the meeting to review unresolved issues that previously stalled the bill. Discussions are expected to focus on resolving internal disagreements before the legislation moves further through the Senate.

SCOOPLET: Senate Democrats are planning to reconvene tomorrow for a closed-door meeting on crypto market structure, according to two sources familiar with the plans. It will be the first Dem member-level meeting since the @BankingGOP postponed its markup last month.

— Eleanor Terrett (@EleanorTerrett) February 3, 2026

CLARITY Act Back in Focus

The main focus is the CLARITY Act, which seeks to create a clear framework for regulating digital assets in the U.S. A key part of the bill is defining the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), an issue that has long divided regulators, lawmakers, and industry participants.

While some parts of the bill have already passed through committees, disagreements over regulatory scope, enforcement authority, and compliance rules continue to slow progress. The renewed Democratic talks are seen as a necessary step to resolve these issues.

White House Push Speeds Up Talks — But Deadlock Remains

Momentum has increased following reported pressure from the White House, which has urged lawmakers and industry groups to settle disputes by the end of February. However, a high-level White House meeting held on February 3 with banks and crypto industry leaders failed to resolve the core disagreements, particularly over whether stablecoin issuers can offer interest or rewards.

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Senate Committee Advances Bill, Partisan Divisions Persist

The Senate Agriculture Committee recently advanced a version of the crypto bill, giving it some legislative traction. However, the vote was along party lines, showing lack of bipartisan support, which remains a key obstacle to advancing it to the full Senate.

At the Ondo Finance Summit, Patrick Witt, Executive Director of the Crypto Council, said he believes President Trump is preparing to sign the CLARITY Act into law by April 3, 2026, if the bill clears Congress soon. This reflects strong optimism among industry leaders, even though the legislative path is not yet finalized.

Limited Time Before Elections

The political calendar adds urgency to the negotiations. As midterm elections approach, experts warn that the window for passing complex legislation will shrink. Lawmakers often slow down legislative work after midyear, making spring a critical period for progress.

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The post Dubai Brings $280M Worth of Diamonds on the Blockchain appeared first on Coinpedia Fintech News

Dubai is taking a bold step in luxury and finance as Billiton Diamond and Ctrl Alt announce a new initiative to put polished diamonds on the blockchain. The project has already tokenized more than AED 1 billion (over $280 million) worth of certified diamonds held in the UAE, making it one of the largest real-world asset tokenization efforts to date.

The partnership aims to transform diamonds—traditionally illiquid and difficult to verify—into transparent, secure, and easily transferable digital assets. Ctrl Alt is responsible for converting the physical diamonds into blockchain-based tokens, while Ripple’s custody technology ensures ownership remains safe, auditable, and tamper-proof.

Dubai Brings Diamonds On-Chain

The tokenized diamonds are issued on the XRP Ledger (XRPL), chosen for its fast settlement speeds and low transaction costs—key advantages when handling high-value luxury assets. Each token is backed by a certified physical diamond stored securely in the UAE, with full traceability and real-time verification.

Billiton plans to launch a dedicated digital platform where buyers and sellers can view diamond inventory, certification records, and ownership details instantly. The platform may later enable regulated secondary trading, opening the door for improved liquidity and faster settlement for manufacturers, traders, and investors.

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DMCC has played a central role by connecting stakeholders and guiding the regulatory framework, reinforcing Dubai’s growing leadership in blending physical commodities with advanced financial technology.

Executives from Billiton, Ctrl Alt, DMCC, and Ripple describe the initiative as a new benchmark for bringing high-value assets on-chain. Crypto analyst WrathofKahneman called it a major step forward for real-world asset adoption, while Bill Morgan joked that although his wife can’t wear a tokenized diamond, she might still want one.

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The post BitMine Share Price Falls as Ethereum Treasury Losses Cross $6 Billion appeared first on Coinpedia Fintech News

BitMine Immersion Technologies is facing fresh pressure after reporting over $6 billion in unrealized losses linked to its Ethereum-focused treasury strategy. As the Ethereum price fell along with the broader crypto market, BitMine shares (BMNR) dropped another 5% on Monday, trading near $23.83, their lowest level since the stock jumped in July 2025 following the ETH treasury announcement.

The decline has raised concerns among investors, but company leadership says the reaction is missing the bigger picture.

Tom Lee Says Losses Are Part of the Plan

BitMine Chairman Tom Lee rejected claims that the losses show a failed strategy. In posts shared on X, Lee explained that the company is not trying to time the crypto market.

These tweets miss the point of an ethereum treasury:
– BitMine is designed to track the price of $ETH
– outperform over the cycle (think up ETH)
– crypto is in a downturn, so naturally ETH is down$BMNR will see “unrealized” losses on our holdings of ETH during these times:
-… https://t.co/VpoNjAnJdC

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) February 3, 2026

Instead, BitMine is designed to track and outperform Ethereum over a full market cycle, similar to how long-term index funds work in traditional markets. According to Lee, losses during market downturns are expected, not accidental.

He added that index funds are rarely criticized during bear markets — and BitMine should be viewed the same way.

Heavy Ethereum Holdings Increase Price Impact

BitMine’s large Ethereum holdings make the company especially sensitive to price swings. It currently owns around 4.24 million ETH, worth about $9.6 billion, down from nearly $14 billion at last year’s peak.

Despite the price drop, BitMine continues to buy more Ethereum. The company added 41,788 ETH in just the past week, showing strong confidence in ETH’s long-term value.

Because of this scale, even small ETH price moves can have a big impact on BitMine’s reported losses, especially during periods of market stress and forced selling.

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Ethereum Staking Helps Offset Market Volatility

Rather than selling assets during downturns, BitMine earns income through Ethereum staking. The company expects to generate about $164 million per year from staking, with an average return of 2.81%.

As of February 1, around 2.9 million ETH — valued at nearly $6.7 billion — is actively staked. This provides steady income even when prices are weak.

Strong Balance Sheet With No Debt

One key advantage for BitMine is its debt-free balance sheet. The company reports:

• 193 Bitcoin holdings
• $586 million in cash
• $200 million stake in Beast Industries
• No outstanding debt

This financial position allows BitMine to hold through market downturns without being forced to sell Ethereum at lower prices.

Long-Term Ethereum Strategy Remains Unchanged

Looking ahead, BitMine plans to launch its MAVAN validator network in 2026, partnering with three staking providers to expand operations. Despite short-term pressure, Lee says the company’s belief in Ethereum remains strong.

His message is clear: price volatility is temporary, but Ethereum’s role in the future of finance is long-term. For BitMine, current losses are not a warning sign; they are the cost of sticking with a long-term Ethereum investment strategy.

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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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