Business

February, 2026

• 3 February

  FTX Users Reach Settlement With Fenwick & West in Fraud Lawsuit

  

  A group of former FTX customers has reached a proposed settlement with Silicon Valley law firm Fenwick & West in a class-action lawsuit alleging the firm’s role in facilitating or enabling the fraud that led to the cryptocurrency exchange’s 2022 collapse. Announced via a joint filing on January 30, 2026 (reported widely on February 2–3), in the U.S. District Court …
• 3 February

  Crypto ATM Scams on the Rise, Arizona Attorney General Alerts Residents

  

  Bitcoin steadied near the $78,000 level during early Asian trading hours on February 3, 2026, as regional financial markets regained composure following recent volatility. After dipping toward $74,500–$75,000 over the weekend and into Monday—marking a 2026 low amid leverage unwinds, macro uncertainty, and profit-taking from late-2025 highs above $126,000—BTC rebounded modestly, trading in the $78,000–$79,000 range (e.g., around $78,100–$78,700 on …
• 3 February

  Asia Market Open: Bitcoin Steadies Near $78K as Calm Returns

  

  ING Deutschland, the German retail banking arm of ING Group, has launched access to cryptocurrency-linked exchange-traded notes (ETNs) and products (ETPs) for its retail clients, enabling seamless exposure to major digital assets through regulated brokerage accounts. Rolled out starting February 2, 2026, the initiative allows customers with a Direkt-Depot securities account to trade physically backed ETNs/ETPs tracking Bitcoin (BTC), Ethereum …
• 3 February

  German Banking Giant ING Expands Crypto Exposure With ETNs for Retail Investors

  

  ING Deutschland, the German retail arm of Dutch banking giant ING, has launched access to cryptocurrency-linked exchange-traded notes (ETNs) and products (ETPs) for its retail clients, enabling exposure to major digital assets through regulated, familiar brokerage channels. Announced and rolled out starting February 2, 2026, the offering allows customers with a Direkt-Depot securities account to trade physically backed ETNs/ETPs tracking …
• 3 February

  PMI Surprise vs. Trading Slump: Analysts See Bitcoin Upside Ahead

  

  The cryptocurrency market continues to grapple with subdued activity despite a notable macroeconomic positive signal from U.S. manufacturing data. On February 2, 2026, the ISM Manufacturing PMI surged to 52.6 in January—its highest level since August 2022 and the first expansion reading (above 50) after 12 months of contraction—beating expectations of around 48.5. The S&P Global US Manufacturing PMI also …
• 3 February

  BTC, ETH Stabilize After Dip as Bitcoin Eyes $79K, Ether Trades Over $2.3K

  

  The cryptocurrency market showed signs of stabilization on February 3, 2026, following a sharp weekend sell-off driven by liquidations, macroeconomic concerns, and profit-taking. Bitcoin (BTC) rebounded toward the $79,000 level after dipping below $75,000, while Ethereum (ETH) held above key support around $2,200–$2,300 amid reduced selling pressure. As of today, Bitcoin trades in the $78,000–$79,000 range, up roughly 0.5–1.5% in …
• 2 February

  Average Bitcoin ETF Investor Turns Underwater Amid Heavy Outflows

  

  Investors in U.S. spot Bitcoin exchange-traded funds (ETFs) are now largely underwater, with the average purchase price exceeding Bitcoin’s current trading levels amid accelerated outflows and price declines as of February 2, 2026. Analyses from Galaxy Research, Bianco Research, and 10x Research indicate that the average cost basis for spot Bitcoin ETF investors stands around $90,200 per BTC. With Bitcoin …
• 2 February

  Court Halts Polymarket Operations in Nevada — Temporary Ban Imposed

  

  A Nevada state court issued a temporary restraining order (TRO) on January 31, 2026 (effective into early February), barring prediction market platform Polymarket (operated by Blockratize Inc.) from offering event contracts—including sports and other real-world outcomes—to residents of the state for an initial 14-day period. The order, granted by Judge Jason D. Woodbury in Carson City District Court, stems from …
• 2 February

  Crypto Losses Hit $370M in January 2026, Highest in 11 Months: CertiK

  

  The cryptocurrency sector recorded approximately $370.3 million in losses from exploits, hacks, and scams in January 2026, the highest monthly total in 11 months and a sharp rise from prior periods, according to blockchain security firm CertiK. The figure, detailed in CertiK’s alerts and covered by outlets like Yahoo Finance, Cointelegraph, and Coinpaper, reflects 40 confirmed incidents—a nearly fourfold increase …
• 2 February

  Strategy’s Bitcoin Holdings Face $900M Loss as BTC Drops Below $76K

  

  Strategy (formerly MicroStrategy), the largest corporate Bitcoin holder, faced unrealized losses exceeding $900 million on February 2, 2026, as Bitcoin (BTC) briefly dipped below its average acquisition cost amid a sharp market pullback. The company holds 712,647 BTC, acquired at an average price of approximately $76,037–$76,040 per coin (total cost basis around $54.19–$54.2 billion, per filings and trackers like Lookonchain, …