Tech

February, 2026

• 6 February

  XRP Tank Alert: 17% Crash Wipes Out $46M in Leveraged Longs

  

  The crypto market continued its sharp downturn on February 6, 2026, with XRP experiencing one of the steepest declines among major tokens. XRP plunged approximately 16-17% in the past 24 hours, dropping from levels around $1.50+ to lows near $1.11-$1.29 before partial recovery attempts toward $1.30-$1.37 in some reports. This marked its worst single-day performance in months, amplifying broader sell-offs …
• 6 February

  Crypto Crash Alert: Bitcoin Dips to $60K, $2.7B Wiped Out in 24H Market Bloodbath

  

  The crypto market experienced a sharp downturn on February 6, 2026, with Bitcoin briefly dipping to around $60,000—its lowest level since late 2024—before rebounding. This triggered widespread liquidations totaling over $2.7 billion in the past 24 hours, marking one of the most severe single-day plunges since the FTX collapse. The sell-off erased significant value from the broader market, with total …
• 5 February

  CoolWallet Adds TRON Energy Rental, Slashes TRX Transaction Fees

  

  CoolWallet, a Taiwan-based self-custody hardware wallet provider, announced on February 4, 2026, the integration of TRON’s energy rental services, enabling users to drastically cut transaction costs on the TRON blockchain without staking large amounts of TRX. TRON’s resource model uses “Energy” and “Bandwidth” for transactions instead of traditional gas fees—Energy powers smart contract interactions and TRC-20 token transfers (e.g., USDT …
• 5 February

  Binance Shrugs Off Bank Run Fears, Says User Assets Kept Rising

  

  Binance has firmly dismissed speculation of a bank run or user exodus, asserting that on-chain data and internal metrics show net inflows and rising user assets amid recent social media-driven withdrawal rumors. In statements around February 4–5, 2026, co-founder He Yi described the episode as a coordinated push from parts of the community urging users to pull funds, framing it …
• 5 February

  Crypto Pain Deepens: BitMine Faces $7B Loss as Ethereum Breaks $2,100

  

  Crypto mining and treasury firm BitMine Immersion Technologies (NYSEAM: BMNR) is grappling with massive unrealized losses on its Ethereum holdings, estimated at $6–7 billion or more as of February 5, 2026, amid Ethereum’s plunge below the $2,100 psychological level. On-chain data and reports from platforms like CryptoQuant, Lookonchain, and company disclosures show BitMine holding approximately 4.24–4.285 million ETH. Acquired at …
• 5 February

  Meet “W”: The New European Social Network Taking on Elon Musk’s X

  

  A new European social media platform called W (often stylized as “W Social”) has emerged as a proposed alternative to Elon Musk’s X, unveiled in January 2026 at the World Economic Forum in Davos and gaining attention into February. Developed by a privately owned Swedish startup, W Social AB, it positions itself as a community-oriented network emphasizing transparency, user verification, …
• 5 February

  Asia Market Open: Bitcoin Slides to $72K as Tech Stocks Drag Equities Lower

  

  Bitcoin slid to around $70,000–$72,000 during early Asian trading on February 5, 2026, extending a sharp multi-day sell-off as a tech-led downturn on Wall Street spilled over into risk assets, including cryptocurrencies. The decline accelerated overnight, with Bitcoin briefly dipping below $70,000—the lowest since November 2024—before recovering slightly to trade near $70,400–$71,400 in various reports by mid-morning Asia time (around …
• 5 February

  Crypto vs Banks: Stablecoin Dispute Stalls Major Bill as Firms Seek Compromise

  

  U.S. efforts to advance major cryptocurrency market-structure legislation have stalled amid a deepening dispute between traditional banks and crypto firms over stablecoin “yield” or rewards, with a recent White House meeting failing to broker a compromise as of early February 2026. The core issue revolves around whether non-bank crypto platforms—such as exchanges—should be permitted to offer interest-like rewards or yields …
• 5 February

  Bhutan Sells $22M in Bitcoin, Sparking Fears of a Bigger Crypto Dump

  

  The Royal Government of Bhutan has transferred over $22 million worth of Bitcoin from sovereign-linked wallets in recent days, according to on-chain data tracked by Arkham Intelligence, sparking speculation about potential further sales amid a broader crypto market downturn. Blockchain analytics revealed two key moves: 184 BTC (approximately $14 million) on February 4, 2026, and 100.8 BTC (about $8.3 million) …
• 5 February

  CFTC Scraps Biden-Era Plan to Ban Sports and Political Prediction Markets

  

  The U.S. Commodity Futures Trading Commission (CFTC) has formally withdrawn a Biden-era proposed rule from 2024 that would have prohibited event contracts tied to political elections, sports outcomes, and certain other categories, deeming them contrary to the public interest. The decision, announced February 4, 2026, by newly confirmed Chairman Michael Selig, also rescinds a related 2025 staff advisory cautioning against …