Author: NBTC

A newly created crypto wallet has opened a massive leveraged bet on Ethereum. On-chain data shows the wallet deposited about $30.7 million in $USDC into Hyperliquid. The funds were used to open a long position on 40,000 $ETH. It is worth around $80 million. $ETH super bull 0x6C85 keeps pouring money into Hyperliquid to go long $ETH.So far, he has deposited 30.71M $USDC and opened a long of 40,000 $ETH($80.92M).He may add more to the position.Will the market liquidate this super bull?https://t.co/cJJqc3jjWF pic.twitter.com/S4C9CDXaSa — Lookonchain (@lookonchain) February 10, 2026 The trade uses 20x leverage, which greatly increases potential gains and…

The United Kingdom’s financial watchdog has launched court action against cryptocurrency exchange HTX, alleging it illegally promoted crypto asset services to British consumers in breach of financial advertising rules. The UK Financial Conduct Authority (FCA) said it began proceedings against HTX and several related persons in the Chancery Division of the High Court in October 2025. In an update published Tuesday, the regulator said it received permission on Wednesday to serve the case outside the UK and by alternative means, noting that HTX (formerly known as Huobi Global) is incorporated in Panama. The legal action comes under the FCA’s Financial…

Power Protocol received a $3M investment from Bitkraft Ventures, expanding its funding to $15.5M. Power Protocol combines the $POWER token with on-chain infrastructure for high-grade games. Power Protocol, a blockchain infrastructure platform for gaming, attracted a $3M investment from Bitkraft Ventures. As a result, Power Protocol extended its funding to $15.5M, with the goal of driving adoption. Power Protocol has built the infrastructure for multiple partner studios, including Pixion Games, the developer of Fableborne. The protocol shows that high-quality games can achieve considerable reach. Fableborne is one of the top mobile-first action RPGs currently in global open beta. Power Protocol…

A solo Bitcoin miner notched a rare win by validating an entire Bitcoin block, securing a huge payday using a hobby-level mining operation and on-demand hashrate. The miner earned the 3.125 Bitcoin ($BTC) block reward, worth about $200,000 at current prices, after successfully mining block 938092, according to blockchain data and a post from Bitcoin mining firm Braiins. Braiins said the miner relied on on-demand hashrate, spending about 119,000 satoshis, about $75 at the time, to rent 1 petahash per second of computing power and paying a small solo-mining fee in the process. The miner used CKPool, a service that…

Ethereum faces elevated volatility after slipping below key technical levels, with traders watching resistance zones and divergence signals. Where next? A sharp Ethereum ($ETH) price sell-off has put the second-largest crypto asset back under pressure. $ETH is trading around $2,011, down 3.12% over the past 24 hours, with intraday price action breaking lower after failing to hold above the support between $2,015–$2,100. The daily range has compressed toward the downside, signaling aggressive selling into weakness. Broader performance metrics reinforce the bearish tone. Ethereum is down 14.22% over the past week, and 34.75% in the last 30 days, while losses deepen…

Indian lawmakers are renewing their calls to legalize cryptocurrencies and other virtual digital assets (VDA) in the country. They have warned that strict taxation without a regulatory framework is pushing capital, startups, and users offshore. Raghav Chadha, a member of the upper house of parliament, called out the Indian government. He stated that the authorities already treat VDA as legal for tax purposes, but continue to regulate them as if they were illegal. India holds 30% capital gain tax with 1% TDS on crypto, yet offers no legal recognition, no investor protection, and no dedicated AML (anti-money laundering) framework, he…

Crypto gaming ecosystem and metaverse platform The Sandbox is lowering the barriers to entry in its Season 7 rollout, enabling users to join select games directly from their browser without requiring downloads, installations, or an account. The new season launch will also feature at least 20 creator-built experiences alongside a mix of those from established IP from partners, including Atari, “Black Mirror,” musician Steve Aoki, “The Terminator,” and the Bruce Lee estate. “Accessibility is definitely at the core of the launch of the season,” The Sandbox and Animoca Brands CEO Robby Yung told Decrypt. Next Season is almost here 🔥…

Lombard said it plans to launch Bitcoin Smart Accounts, designed to allow Bitcoin held in institutional custody to be used as onchain collateral without moving the asset or transferring control to a third party. According to an announcement shared with Cointelegraph, following a launch this quarter, custodied Bitcoin will be recognized onchain through a receipt token, $BTC.b, enabling institutions to access lending and liquidity venues while retaining legal ownership and existing custody arrangements. Lombard said the framework targets asset managers, corporate treasuries and other institutional holders whose Bitcoin ($BTC) remains idle in qualified custody. Pilots are underway with select institutional…

Ethereum price fell 13% over the past week, charting a bearish crossover that hints at more downside ahead. At the same time, exchange reserves have fallen to 10-year lows. Summary Ethereum price has fallen nearly 46% from its yearly high. Bearish chart structures, including a descending channel and a multi-year head and shoulders pattern, continue to cap upside. According to data from crypto.news, Ethereum ($ETH) price fell nearly 46% to around $1,800 on Feb. 6 from its highest point this year. This came as the broader crypto market lost over a trillion in value, with multiple macroeconomic and geopolitical concerns…

Sam Bankman-Fried posted again after reviving his X account to complain about the perceived flaws in his conviction process. Bankman-Fried stated that FTX was never officially bankrupt and that he did not declare insolvency. Sam Bankman-Fried posted another explanation of the FTX crash, arguing the exchange never went bankrupt, and he did not personally file for insolvency. Instead, he insists that the procedure was filed by the lawyers who seized the company. https://twitter.com/SBF_FTX/status/2021165548306907339 As Cryptopolitan reported earlier, Bankman-Fried came out against “Biden’s lawfare machine,” claiming the process against FTX was outside his control and there was no chance to present…