'Absolutely Insane': Bitcoin Weekend Crash Exposes Cracks in Crypto Boom

Published at 2026-02-02 02:45:13

Bitcoin experienced a sharp weekend decline that traders described as "absolutely insane," sparking sizable liquidations across derivatives markets and dragging most altcoins lower. The abrupt drop erased a portion of January gains as margin calls and funding-rate pressure widened the price disconnect between spot and futures venues.

The episode highlights persistent structural risks: elevated leverage, concentrated holdings, and fast ETF-driven flows that may amplify swings instead of dampening them. For investors and platforms this raises questions about liquidity during stress and the durability of fresh inflows; regulators and lenders will likely watch for contagion in smaller venues. Market participants will be watching volume, funding rates and ETF flows for signs of stabilization or further downside.

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Exodus has launched 'Exodus Pay,' enabling users to spend BTC directly from their self-custodial wallet. The update aims to make holding and spending Bitcoin more seamless without moving funds to custodial services.

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Published at 2026-04-10 16:45:35

Russia to Ban Cash-for-Crypto Trades, Require Bank-Mediated Transactions

Russia will prohibit cash-for-crypto transactions and require trades to go through cashless, bank-mediated channels, a senior central bank official said. The measure is meant to increase oversight of crypto-related flows and clamp down on informal peer-to-peer markets.

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Published at 2026-04-10 11:30:09

Cango Sells 2,000 BTC Amid Miner Pivot to AI, Global Hashrate Drops 17%

Cango offloaded 2,000 BTC in a strategic deleveraging as the global Bitcoin hashrate fell about 17%, raising questions over whether this signals a buying opportunity or a warning. The move coincides with miners reallocating capital toward AI hardware, adding near-term sell pressure to BTC markets.

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Published at 2026-04-10 05:45:15

Morgan Stanley’s Cut-Rate Bitcoin ETF Sparks Industry Fee War

Morgan Stanley launched the MSBT Bitcoin ETF with a 0.14% fee, undercutting BlackRock’s IBIT and intensifying an issuer fee war. The move could shift investor flows and compress margins across the digital-asset ETF market.

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Published at 2026-04-10 00:45:09

SEC Seeks Feedback on Listing Options for Grayscale Multi-Asset Crypto ETF

The SEC is evaluating a proposal to list options on a Grayscale multi-asset crypto ETF and has asked for additional public comment as it assesses risks tied to crypto-related derivatives. Regulators want input on market structure, surveillance, and investor protections.