ARK offloads $17 million of Coinbase, adds $18 million of Bullish amid crypto rout
COIN lost 13.34% on the day to close at $146.12 amid ongoing tanking of the crypto market which has seen bitcoin fall as low as $60,000, its lowest since November 2024.
ARK Invest sold $17.4 million worth of Coinbase (COIN) stock and bought a similar amount in Bullish (BLSH) stock on Thursday as crypto equities were routed.It is common to see ARK Invest make sizeable purchases of crypto-adjacent companies when their prices slide.However, it is somewhat rarer to see ARK use this as a window to offload shares in a major crypto holding such as Coinbase. ARK Invest sold $17.4 million worth of Coinbase (COIN) stock and bought a similar amount in Bullish (BLSH) stock on Thursday as crypto equities were routed. Cathie Wood's investment management company sold 119,236 COIN shares, worth $17.4 million as of Thursday's close. COIN lost 13.3% on the day to close at $146.12 amid ongoing tanking of the crypto market which has seen bitcoin BTC$66,308.88 fall as low as $60,000, its lowest point since November
XRP DeFi opens to institutions as Hex Trust adds custodial FXRP access
Hex Trust expanded its partnership with Flare to offer institutional clients custodial access to Flare’s XRP-focused DeFi ecosystem, including minting of FXRP tokens and redemption and native staking of FLR.The integration lets institutions keep assets under Hex’s custody while interacting with Flare through controlled approvals and multi-approval policy workflows, addressing operational and compliance concerns around hot wallets.Flare’s FXRP and FAssets system, now supported by Hex, aims to turn XRP into usable collateral for on-chain lending and trading with plans to add more assets, such as bitcoin, over time. Hex Trust, a digital asset custodian, said it expanded its partnership with the Flare blockchain to give institutional clients a route into XRP XRP$1.3654-focused decentralized finance (DeFi) while allowing them to keep control of their assets. The hook up positions Hex as a front door for funds and firms that want exposure to Flare-based strategies but have avoided them due to operational and compliance constraints. It allows clients to mint and redeem FXRP, a wrapped version of XRP for the Flare network, alongside staking of the native FLR token.
Crypto market brightens after selloff that sent bitcoin to lowest since October 2024
A brutal crypto selloff erased $2.6 billion in leveraged bets, sent bitcoin to $60,000 and left markets deeply oversold.
Thursday's selloff was one of the sharpest and most devastating in crypto market history: More than $2.6 billion was liquidated as bitcoin BTC$66,304.34 tumbled to $60,000 to mark its lowest point since October 2024. The drawdown led to bitcoin being the third most "oversold" in its history, according to the relative strength index (RSI), a momentum oscillator that tracks market conditions. Oversold conditions of this magnitude historically
XRP crashes to its lowest since Trump's election win, could slide further to $1.00
XRP has fallen to $1.44, its lowest level since November 2024, as bitcoin’s decline fuels broader risk aversion in the crypto market. XRP has fallen to $1.44, its lowest level since November 2024, as bitcoin’s decline fuels broader risk aversion in the crypto market.The token has broken below key support around $1.60, a former demand zone from April’s sell-off, leaving limited technical support until the psychologically important $1.00 level.Options activity on Deribit shows rising demand for downside protection. Payments-focused cryptocurrency XRP is tanking fast as bitcoin's price slide leads to broad-based risk aversion in the crypto market. XRP has slipped to $1.44, the lowest since November 2024 – the same month President Donald Trump won the U.S. election. Trump campaigned on pro-crypto policies to foster a favorable regulatory environment for digital assets. XRP is used by fintech firm Ripple to facilitate cross-border transactions.
Bitcoin drops below $70,000 as crypto selloff deepens before U.S. equity market opens
Bitcoin BTC$68,356.70 fell below $70,000 as the crypto selloff deepened before the start of equities trading in the U.S. The largest cryptocurrency dropped to as low as $69.917.20 according to CoinDesk data, with sentiment sliding further into "extreme fear." The Fear and Greed Index sits at 11, a level reached only a handful of times in the past
The selloff remains largely contained within digital assets and metals, as broader U.S. equity markets show resilience. Gold fell more than 1%, slipping below $4,900 per ounce, and silver dropped over 11%, falling to under $79 per ounce. U.S. equities, by contrast, are slightly higher in pre-market trading. The Invesco QQQ exchange-traded fund (ETF), which tracks the Nasdaq 100 index, is up 0.05%. Bitcoin-exposed equities, however, extended declines. Strategy (MSTR), the largest publicly traded holder of the largest cryptocurrency, is down over 5% and nearly 80% below its November 2024 all time high. The company is due to report fourth-quarter earnings later Thursday.
Bitcoin plunge continues, erasing gains since Trump’s election
Bitcoin has dropped below $71,000, adding to a week of losses that have wiped out all of its gains since United States President Donald Trump’s re-election in 2024. The world’s most popular cryptocurrency fell more than 7 percent on Thursday, continuing a steep downward slide that began in mid-January. Recommended Stories list of 4 items list 1 of 4UN agency warns of ‘sharp increase’ in measles cases in the Americaslist 2 of 4Russia-Ukraine war: List of key events, day 1,442list 3 of 4Nike probed by Trump appointee over claims of bias against white workerslist 4 of 4Australia charges teen over online threat as Israeli president due to visit end of list Bitcoin, which is famed for its wild price swings, was trading at about $70,900 as of 04:30 GMT. The latest slide takes the value of the digital asset down by nearly 20 percent since the start of the year. Bitcoin hit $100,000 for the first time in December 2024 and breached that level again in February and May 2025. But the asset has largely been on a downward trajectory since October, when it hit an all-time high of more than $127,000. Bitcoin and other digital currencies racked up explosive gains after President Trump’s re-election raised expectations of Washington adopting a light touch to regulating digital assets after years of regulatory crackdowns. Trump had pledged to turn the US into the world’s cryptocurrency capital during his re-election campaign, and launched his own crypto firm, World Liberty Financial, along with his sons, before winning the vote. Shortly after taking office, Trump announced the establishment of a strategic crypto reserve that would include Bitcoin and four other cryptocurrencies. But a Trump-backed bill to regulate the trading of cryptocurrency has stalled in the US Senate amid disagreement between banks and cryptocurrency firms, casting doubt over the industry.
Binance has flagged three altcoins that are currently under performance review and at risk of being delisted if they fail to meet liquidity and trading volume standards. Projects like BakeryToken (BAKE) and others have experienced weaker market activity, prompting the exchange to place them on its watch list as part of regular quality checks — a move that could influence prices sharply if thresholds aren’t met soon.
2) PancakeSwap & CAKE Among Top Altcoins to Watch
In the third week of January, crypto analysts spotlighted PancakeSwap (CAKE) — the BNB Chain–based DeFi token — along with two other major altcoins benefiting from recent ecosystem developments. Increased volatility and shifting trader sentiment are putting these tokens under the spotlight for potential short-term moves.
3) Meme Coin Momentum Continues in 2026
As meme tokens heat up in early 2026, analysts noted three meme coins showing resilience after January rallies. Notably, classics like Dogecoin (DOGE) have rebounded and appear poised to influence sentiment across the broader meme space — though profit-taking may slow rallies ahead.
🔍 What This Means for Traders
• 🧠 Volatility Ahead: Coins under review or flagged for delisting can see wild swings — sometimes losing significant value in short windows.
• 🚀 Altcoin Interest Rising: Projects tied to strong ecosystems like BNB Chain (e.g., CAKE) remain in traders’ crosshairs because of real utility and community support.
• 😂 Meme Crypto Still a Player: Even after drawdowns, meme coins remain a core part of short-term crypto narratives in 2026.
Dogecoin’s price is trading around $0.10 with weak momentum, but active addresses and whale accumulation are rising, signaling renewed network interest. Elon Musk’s “moon” remark sparked an 8% rally recently, showing his influence still moves DOGE. Traders watch key support near $0.10 while market sentiment stays mixed. $DOGE
TRX price range-bound but stable: TRON’s TRX has mostly held between about $0.27 – $0.31, even as broader markets have been weak, showing relative resilience rather than sharp declines. Recent trading shows modest daily moves as investors assess next catalysts.
Analyst price outlook points to potential upside if TRX prices can break above resistance levels around $0.30–$0.32, with some forecasts targeting $0.32 – $0.35 in the coming weeks if bullish momentum materializes.
🚀 Ecosystem & Adoption
Network integrations expanding: Hardware wallet provider CoolWallet announced integration of TRON network energy rental services to help users reduce TRX transaction costs while retaining self-custody — a move that may encourage wider adoption for TRX and TRC-20 tokens.
Altcoin season interest: TRX continues to be mentioned among altcoins with potential momentum during broader market pauses and rotation, especially alongside other layer-1 and payment tokens.
Several crypto market overviews list TRX as a notable altcoin to watch in February 2026 due to its infrastructure and stablecoin usage narrative.
🔗 Ecosystem Strength & Stablecoin Role
TRON remains a major player in stablecoin settlement and on-chain activity, with its blockchain handling massive flows of USDT and low-cost transfers — although broader market sentiment has been mixed, the structural role of TRON in stablecoin usage continues to be a key narrative (based on recent on-chain reports and ecosystem metrics).
Growth in stablecoin rails has been one of TRON’s competitive strengths, with upgrades and integrations positioning the network as a high-throughput settlement layer compared with some competitors.
📈 Price & Technical Signals
Short-term price action is cautious but constructive: TRX is consolidating, with technical setups suggesting potential breakout zones if resistance levels are overcome.
Analysts look at neutral to slightly bullish indicators in the medium term, while emphasizing that breaking key levels (above ~$0.30) would be needed for more decisive upside.