Business

February, 2026

• 9 February

  Giannis Enters the Crypto Bets Arena: NBA Star Invests in Kalshi

  

  Milwaukee Bucks superstar and two-time NBA MVP Giannis Antetokounmpo has become a shareholder in Kalshi, the federally regulated U.S. prediction market platform, marking the first time an active NBA player has directly invested in the company. The announcement came on Friday, February 6, 2026 (or reported around February 7 in some outlets), shortly after the NBA trade deadline, where Kalshi …
• 9 February

  Teen Crypto Crime: Two Students Charged in Arizona Home Invasion Targeting $66M

  

  Two California high school students, aged 16 and 17, have been arrested and charged with multiple felonies following a violent home invasion in Scottsdale, Arizona, on January 31, 2026, authorities say was motivated by an attempt to steal approximately $66 million in cryptocurrency. The suspects, identified as Jackson Sullivan (17, from San Luis Obispo) and Skylar LaPaille (16, from Morro …
• 9 February

  XRP Crashes 17% in a Day as $46M in Long Positions Are Liquidated

  

  XRP experienced a brutal selloff on February 5-6, 2026, plunging approximately 16-17% in its steepest one-day drop since late 2025, as reported by CoinDesk, Yahoo Finance, and other sources. The token tumbled from levels around $1.51 (pre-selloff) to intraday lows near $1.13-$1.15, before partially recovering to close around $1.47 on February 6 amid high trading volume exceeding $11 billion (CoinMarketCap …
• 9 February

  Coinbase UK CEO: Tokenised Collateral Is Going Mainstream

  

  The cryptocurrency industry is witnessing a pivotal shift as tokenized collateral transitions from experimental pilots to a core component of mainstream financial infrastructure, according to Keith Grose, CEO of Coinbase UK. In recent comments reported across outlets like Yahoo Finance and Cryptonews on February 6, 2026, Grose highlighted accelerating institutional and central bank engagement as a clear signal that tokenization …
• 9 February

  Why Is Crypto Crashing Today? What’s Behind the Feb 6 Selloff

  

  The cryptocurrency market endured intense selling pressure on February 6, 2026, as Bitcoin briefly plunged to around $60,000–$60,074 (its lowest since late 2024) before staging a dramatic rebound, closing the day near $70,555 (Yahoo Finance and CME data). This marked one of the sharpest intraday recoveries in recent memory, with BTC swinging over 11% higher after the low. The broader …
• 9 February

  Best Crypto to Buy Today (Feb 6): Top Picks – XRP, Solana & Bitcoin

  

  The cryptocurrency market remains highly volatile in early February 2026, following a sharp selloff that saw Bitcoin briefly dip near $60,000 on February 5 before a strong rebound. On February 6, Bitcoin opened around $62,700, plunged to a low of approximately $60,000–$60,074, but closed significantly higher at roughly $70,555 (per Yahoo Finance and CME data), marking an impressive intraday recovery …
• 9 February

  Crypto Bloodbath: Bitcoin Slips to $60K, $2.7B Liquidations Rock Market

  

  The cryptocurrency market experienced a severe downturn around February 5-6, 2026, with Bitcoin briefly dropping to just over $60,000—its lowest level since late 2024—sparking widespread liquidations and heightened fear among investors. Data from sources like CoinGlass confirmed over $2.7 billion in leveraged positions liquidated in a 24-hour period, with approximately 85% from long positions (bullish bets) being forcibly closed. More …
• 7 February

  Crypto Stocks Sink to Lead Weekly Losers as Asian Banks Advance

  

  Crypto-linked stocks led weekly financial losers for the period ending February 7, 2026, as digital asset volatility intensified, while Asian bank shares advanced amid sector rotation to defensives. Publicly listed crypto miners (e.g., Marathon Digital, IREN), exchanges, and related firms (e.g., Galaxy Digital proxies) sank sharply, tracking Bitcoin’s ~23-24% weekly plunge (from highs near $90,000+ to lows below $64,000-$70,000 before …
• 7 February

  crypto Chaos: Ripple Meets White House, Brandt Alleges Bitcoin Manipulation, Musk Cheers Doge

  

  Crypto markets navigated volatility this week (ending February 7, 2026), with key developments from regulatory talks to high-profile commentary and on-chain activity. Ripple joined a White House summit on February 2, hosted by the crypto council (adviser Patrick Witt). Representatives from Ripple, Coinbase, Circle, Kraken, and banking groups discussed stablecoin yield/rewards to resolve stalled market structure legislation. Insiders called it …
• 7 February

  Vietnam Proposes 0.1% Tax on Crypto Trades Under New Securities Law

  

  Vietnam’s Ministry of Finance has proposed a **0.1% personal income tax** on the value of each cryptocurrency transfer or trade executed through licensed service providers, as outlined in a draft circular released February 5, 2026, for public consultation. The levy mirrors the tax applied to securities trades and targets individual investors (regardless of residency). Institutional profits from crypto would incur …