News
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AI Cloud Service Provider Iris Energy's Q2 revenue drops
OverviewAI Cloud Service Provider's Q2 revenue fell to $184.7 mln, down from $240.3 mln in Q1Net loss for Q2 was $155.4 mln, impacted by non-cash itemsCompany secured $3.6 bln GPU financing for Microsoft contractOutlookCompany targets $3.4 bln ARR by end of CY26 with GPU expansionIris Energy'...Reuters
Thu, Feb 5
Bitcoin Hits Deep Demand As Liquidity Finally Sweeps The Lows
Bitcoin has finally swept the sell-side liquidity that had been building beneath the market, driving price into a deep demand zone where stronger buyers are expected to step in. With the downside move now largely complete, attention shifts to whether this level can spark a meaningful reaction or mar...NewsBTC
Thu, Feb 5
While Bitcoin And Ether Falter, XRP Optimism Stands Out: Analysts
XRP’s online mood is holding up even as prices slide, creating a split between what traders say and what markets are doing. Related Reading: Coinbase Escalates Fight With Australian Banks Over Crypto Bans XRP Social Mood Outpaces Peers According to Santiment, social chatter around XRP has a far high...Bitcoinist
Thu, Feb 5
‘Big Short’ Investor Michael Burry Issues Warning As Bitcoin Crashes Toward $65,000
Only days after issuing a fresh warning to the Bitcoin (BTC) community, Michael Burry — the Wall Street investor made famous by his bet against the US housing market ahead of the 2008 financial crisis — appears, at least so far, to be proven right. As of Thursday, Bitcoin was trading near $65,850, e...Bitcoinist
Thu, Feb 5
XRP Velocity Rallies Back To Yearly Highs After Months Of Cooling – What This Means
The XRP Ledger is currently operating at a rapid level as transactions and usage continue to climb, pointing to growing demand for block space and network utility beneath the surface. With this significant usage, the Ledger’s transaction velocity has spiked to record levels. Transaction Velocity On ...Bitcoinist
Thu, Feb 5
XRP Analyst Points Out ‘Exit Candle’ That Investors Should Watch
XRP investors are closely monitoring market signals as the cryptocurrency navigates turbulent trading conditions and choppy price action. A recent analysis by market analyst Egrag Crypto identifies a critical exit candle, which could signal the next major step for XRP holders. As volatility increase...NewsBTC
Thu, Feb 5
Crypto exchange Gemini plans to lay off up to 200 staff, exit Europe and Australia
By Prakhar Srivastava Feb 5 (Reuters) - Gemini Space Station GEMI.O, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, said on Thursday it plans to cut up to 200 jobs globally and focus operations in the U.S. and Singapore, as part of a broader cost-cutting effort.The planned l...Reuters
Thu, Feb 5
Crypto Bleeds For A 3rd Straight Month, A First In History: Analyst
Reports say an on-chain analytics account called Rand flagged a new milestone: crypto funds have recorded three straight months of outflows for the first time on record. Related Reading: Crypto Could Bounce Soon As Fundamentals Firm Up, Tom Lee Says That streak stands out because it breaks the patte...NewsBTC
Thu, Feb 5
Here’s Why The Bitcoin, Ethereum, And Dogecoin Prices Are Still Crashing Today
The Bitcoin, Ethereum, and Dogecoin prices are crashing today, reaching lows not seen in months. This downturn reflects a broader market decline affecting a wide range of risk-off assets. Unlike the October 2025 flash crash that saw most cryptocurrencies plummet simultaneously, the recent underperfo...Bitcoinist
Thu, Feb 5
Galaxy Digital founder Mike Novogratz believes BTC price may soon be nearing a bottom
Galaxy Digital founder and CEO Mike Novogratz said in an interview with Bloomberg that Bitcoin may be close to bottoming out soon. This news comes as cryptocurrency markets continue to crash this week, and many investors and analysts fear we are headed into a bear market. Mike Novogratz said in an interview with Bloomberg this […]Cryptopolitan
Thu, Feb 5
Ethereum Price Prediction: Can ETH Reclaim $3,000 in 2026?
The question of whether Ethereum can reclaim the $3,000 mark is a top crypto topic as we move through 2026. While the market has seen periods of growth, the path back to previous highs is met with both technical hurdles and a shift in how people invest. Many are now looking past the older, high-cost […]Cryptopolitan
Thu, Feb 5
$500M UAE Funds In Trump-Linked Project Draw Congressional Inquiry
United States Rep. Ro Khanna has opened a focused inquiry into a reported $500 million investment by an Abu Dhabi-linked group in World Liberty Financial, a crypto venture tied to the Trump family. Related Reading: Crypto Downturn Slams Galaxy Digital With $241 Million Annual Loss Reports say Khanna...Bitcoinist
Thu, Feb 5
Why XRP Retail Holders Are Positioned Ahead Of Institutional Adoption
XRP has been misunderstood as just another retail-traded crypto asset, when in reality, it was engineered from the ground up to serve institutional finance. Most retail investors approach XRP through the lens of short-term price action, but that framing misses what the asset was actually built to do...NewsBTC
Thu, Feb 5
Treasury Secretary Scott Bessent defends economic outlook in tense House hearing
U.S. Treasury Secretary Scott Bessent testified before the House Financial Services Committee on Wednesday about the U.S. economy. While he provided an optimistic outlook, it was met with much scrutiny by House Democrat officials. Scott Bessent appeared before the House Financial Services Committee yesterday to testify about the U.S. economy and discuss the annual report […]Cryptopolitan
Thu, Feb 5
Microsoft downgraded by Stifel amid Azure slowdown and AI spending concerns
Microsoft just got downgraded by Stifel, sending the stock straight into the red. The rating dropped from “buy” to “hold” after analyst Brad Reback told clients he thinks Wall Street is way too confident about where things are going. He said the expectations for 2027 are “too optimistic,” and warned there’s no solid reason to […]Cryptopolitan
Thu, Feb 5
