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CFTC Withdraws Proposal to Ban Prediction Markets
The CFTC has formally withdrawn a Biden-era proposal that sought to prohibit sports and political prediction markets, signaling a regulatory shift toward event-based derivatives.
The US Commodity Futures Trading Commission has withdrawn a 2024 proposal that aimed to ban political and sports-related prediction markets, reversing a key regulatory effort from the Biden administration. The agency also rescinded a staff advisory that had warned firms about litigation risks tied to offering event contracts.
CFTC Chair Michael Selig said the earlier proposal reflected an attempt at merit-based regulation that went beyond the commission’s statutory mandate. By formally abandoning the framework, the agency confirmed it will not pursue final rules based on categorizing prediction markets as gaming activities. Instead, the CFTC plans to develop new rulemaking grounded in the Commodity Exchange Act and aligned with congressional intent.
The move provides regulatory clarity for platforms offering event contracts, including federally regulated venues. However, state-level legal challenges remain a key risk, with jurisdictions such as Nevada continuing to argue that certain prediction markets resemble unlicensed gambling.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Bitcoin Falls Below $71,000 as Tech Selloff Deepens
Bitcoin fell below $71,000 during Asian trading as a global selloff in technology stocks intensified risk aversion across markets.
Bitcoin slipped below $71,000 during Asian hours on February 5, extending losses as a global selloff in technology stocks weighed on risk assets. The cryptocurrency fell as much as 7.5% over 24 hours, briefly touching lows near $70,700 before stabilizing, according to market data.
The decline followed sharp losses in Asian and US equities, particularly among technology shares exposed to artificial intelligence investment themes. Investors have grown cautious amid signs of slowing earnings growth, stretched valuations, and concerns that AI spending may be nearing a peak. Weakness in Asian markets was compounded by earlier losses in the Nasdaq, reinforcing a broader risk-off shift.
Bitcoin’s move mirrored declines across other high-volatility assets, including sharp drops in silver and gold. Market participants noted that thin liquidity and elevated macro uncertainty have amplified price swings, underscoring bitcoin’s continued behavior as a high-beta asset rather than a defensive hedge in periods of equity market stress.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Hong Kong Tokenization Could Double Fund Industry, BCG Says
Hong Kong could significantly expand its asset management sector by adopting tokenized fund infrastructure, according to a new BCG-led whitepaper.
Hong Kong could potentially double the size of its asset management industry by adopting token-based financial infrastructure, according to a new whitepaper from Boston Consulting Group, Aptos Labs, and Hang Seng Bank. The findings are based on a pilot conducted under Phase 2 of the Hong Kong Monetary Authority’s Project e-HKD+, which tested tokenized fund operations and digital money use cases.
The report concluded that tokenized finance is both technically viable and commercially attractive, citing benefits such as reduced operational costs, lower counterparty risk, and continuous liquidity through 24/7 trading and settlement. Survey data showed strong investor interest, with a majority of retail participants indicating a willingness to increase fund allocations if tokenized products offered faster settlement and round-the-clock access.
BCG said broader adoption will depend on regulatory alignment, scalable infrastructure, and new business models that meet institutional standards. The report emphasized coordinated execution between regulators, banks, and technology providers to transition tokenization from pilot programs to core financial infrastructure.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Polymarket and Kalshi Escalate Rivalry with Grocery Giveaways
Prediction market leaders Polymarket and Kalshi are using grocery giveaways in New York as competition intensifies amid surging trading volumes.
Prediction market platforms Polymarket and Kalshi are escalating competition by offering free groceries in New York City, highlighting the intensifying rivalry in a rapidly expanding market. Kalshi distributed $50 grocery credits to more than 1,000 people in Manhattan on February 3, while Polymarket announced plans to open a free grocery store next week.
The promotions come as both platforms dominate prediction market activity, with combined daily trading volumes now consistently exceeding $400 million, roughly four times higher than a year ago. Kalshi generated $263.5 million in fee revenue in 2025, while both companies have reached multibillion-dollar valuations following high-profile media integrations and partnerships.
The grocery initiatives also underscore the growing visibility of prediction markets beyond crypto-native audiences. As platforms compete for mainstream adoption and regulatory legitimacy, marketing efforts are increasingly mirroring traditional financial services branding rather than speculative betting culture.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Bitcoin ETF Assets Fall Below $100 Billion
US spot Bitcoin ETFs slipped below $100 billion in assets after $272 million in daily outflows, extending year-to-date losses amid market volatility.
Assets under management in US spot Bitcoin exchange-traded funds fell below $100 billion on February 3 after recording $272 million in net outflows, according to market data. The decline marks the first time ETF assets have dropped under that level since April 2025, following a peak near $168 billion in October.
The renewed outflows came amid a broader crypto market sell-off, with Bitcoin trading below $74,000 and global crypto market capitalization falling sharply over the past week. Despite a brief rebound in ETF inflows earlier in the week, cumulative year-to-date outflows are now approaching $1.3 billion.
While Bitcoin ETFs continue to see pressure, funds tracking altcoins such as Ether, XRP, and Solana recorded modest inflows. Market participants note that most institutional ETF holders remain long-term oriented, though some see growing interest in direct onchain trading rather than securitized ETF exposure.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Bitwise Moves Into Staking with Chorus One Deal
Bitwise is set to acquire staking provider Chorus One, signaling growing institutional demand for onchain yield as Ethereum staking reaches record levels.
Bitwise Asset Management is reportedly acquiring crypto staking firm Chorus One, expanding its footprint beyond asset management into yield-generating blockchain services. Chorus One operates institutional staking infrastructure across multiple networks and currently manages about $2.2 billion in staked assets, according to company data. Financial terms of the transaction were not disclosed.
The deal comes as Ethereum staking activity accelerates. More than 4 million ETH are waiting to enter the validator queue, pushing estimated activation times beyond 70 days. Roughly 37 million ETH, representing over 30% of total supply, is now locked in staking, highlighting sustained demand despite reduced liquidity.
Institutional interest in staking-linked products is also rising. Asset managers, including Morgan Stanley and Grayscale, are integrating staking into regulated exchange-traded products. Bitwise’s move reflects a broader shift among crypto firms to pair asset exposure with yield as competition intensifies across digital asset markets.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Aave Winds Down Avara, Phases Out Family Wallet
Aave is dissolving its Avara umbrella brand and winding down the Family wallet as it sharpens focus on its core DeFi products under Aave Labs.
Aave is winding down its Avara umbrella brand and phasing out the Family crypto wallet as part of a broader effort to streamline operations and refocus on decentralized finance. Founder and CEO Stani Kulechov said the structure was no longer needed as the company concentrates on expanding Aave’s core lending and savings products.
The Family wallet iOS app will be gradually retired, with no new users onboarded after April 1. Existing users will retain access until April 2027, and accounts linked to the wallet will remain supported as underlying infrastructure within Aave Labs products. The move follows Aave’s recent decision to reduce its involvement in the Lens protocol, transferring stewardship to Mask Network.
All current and future products, including Aave App and Aave Pro, will now operate directly under Aave Labs. The consolidation reflects Aave’s strategy to prioritize scalable DeFi use cases as it remains the largest protocol by total value locked.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Crypto.com Spins Out Prediction Market App OG
Crypto.com has launched OG, a standalone prediction market app for U.S. users, separating the business after rapid growth in event-based trading.
Crypto.com has launched OG, a standalone prediction market application, formally spinning out a business line it introduced in 2024. The new platform is available exclusively in the United States and is operated by Crypto.com Derivatives North America, a Commodity Futures Trading Commission-registered exchange and clearinghouse.
The company said the decision followed rapid growth in prediction market activity, reporting a 40-fold increase in weekly volumes over the past six months. OG allows users to trade outcome-based contracts across sports and other events, positioning the platform alongside established players such as Polymarket and Kalshi. Crypto.com executives described prediction markets as a large and expanding segment of the broader derivatives landscape.
OG enters an increasingly competitive market as both crypto-native firms and traditional financial institutions explore regulated event contracts. Coinbase recently partnered with Kalshi to offer similar products, while other exchanges are evaluating expansion into the space. The launch reflects growing institutional interest in prediction markets as a regulated, data-driven extension of digital asset trading.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Bitcoin ETFs Draw Fresh Inflows as BTC Price Slides
US spot Bitcoin ETFs recorded their largest inflows in weeks as investors added exposure despite Bitcoin trading well below recent highs.
US-listed spot Bitcoin ETFs attracted significant new capital on February 2, recording $561.8 million in net inflows, the largest single-day total since mid-January. The inflows came as Bitcoin prices dipped below $80,000 following weekend volatility that raised concerns about broader market stress.
BlackRock’s iShares Bitcoin Trust and Fidelity’s FBTC led the buying, highlighting continued institutional participation despite weakened price momentum. The inflows marked a reversal from nearly ten consecutive days of net outflows as Bitcoin fell sharply from late-2025 highs.
While spot Bitcoin remains roughly 40% below its October peak, US ETFs collectively hold about 1.3 million BTC, only modestly below prior highs. However, the average ETF cost basis stands near $84,000, above current prices. The divergence suggests investors are testing conviction levels as market conditions remain fragile.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Family Offices Favor AI Over Crypto, JPMorgan Finds
AI dominates investment priorities for global family offices, while cryptocurrencies remain largely absent from portfolios, according to JPMorgan data.
Artificial intelligence has emerged as the leading investment theme for large family offices, while cryptocurrencies continue to see limited adoption, according to JPMorgan Private Bank’s 2026 Global Family Office Report. The survey of 333 single-family offices across 30 countries found that 65% prioritize AI-related investments, compared with just 17% citing crypto and digital assets as a key theme.
The report shows that 89% of family offices have no crypto exposure, with average allocations to digital assets at 0.4% globally. Bitcoin exposure is even lower, averaging 0.2%. JPMorgan noted that alternative hedges such as gold also remain underrepresented, despite elevated geopolitical and macroeconomic uncertainty.
Private equity remains the most favored asset class, with 37% of respondents planning to increase allocations over the next 12 to 18 months. Growth equity and venture capital are also gaining attention as indirect avenues for AI exposure, while risk concerns center on geopolitics, liquidity, and trade policy.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Arizona Warns of Rising Crypto ATM Scams Targeting Seniors
Arizona’s attorney general issued a public warning as losses from crypto ATM scams surged, with older adults accounting for a large share of victims.
Arizona Attorney General Kris Mayes issued an alert on crypto ATM scams and launched a new fraud complaint form as losses tied to the machines climbed sharply in 2024. State officials said Arizona residents lost more than $177 million to crypto ATM fraud last year, with scams disproportionately affecting older adults. Victims are urged to report incidents within 30 days to improve recovery prospects.
The warning reflects a broader national trend. FBI data shows Americans reported $246 million in crypto ATM-related losses in 2024, with roughly 43% of victims aged 60 or older. Scams typically involve impostors posing as law enforcement, utilities, or family members who pressure victims to deposit cash into crypto kiosks under urgent circumstances.
Arizona has already enacted regulations requiring fraud warnings, transaction caps, and live customer support at crypto ATMs. Officials say enforcement and consumer education remain critical as regulators across the US increase scrutiny of cash-to-crypto infrastructure.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Strategy Adds $75 Million in Bitcoin on Price Dip
Michael Saylor’s Strategy bought $75.3 million worth of Bitcoin as prices briefly fell below $75,000, marking a rare dip under its average cost basis.
Michael Saylor’s Strategy disclosed the purchase of 855 Bitcoin worth $75.3 million, taking advantage of a short-lived price decline that pushed Bitcoin below $75,000. The acquisition was made at an average price of roughly $88,000 per coin, according to regulatory filings, lifting the firm’s total holdings to more than 713,000 BTC.
The purchase was notable as Bitcoin briefly traded below Strategy’s average acquisition cost for the first time since late 2023. Historically, similar periods have led the company to moderate its buying pace, particularly during the 2022 downturn when prolonged price weakness constrained accumulation.
The latest move underscores Strategy’s continued commitment to Bitcoin as a treasury asset, even amid heightened market volatility. It also highlights the growing role of corporate buyers in shaping Bitcoin demand, as institutional strategies increasingly influence market dynamics during periods of price stress.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Warsh Fed Nomination Sends Mixed Signals for Bitcoin
Kevin Warsh’s nomination as Federal Reserve chair has raised concerns over U.S. liquidity, offering conflicting signals for Bitcoin and broader crypto markets.
US President Donald Trump’s decision to nominate Kevin Warsh as the next Federal Reserve chair has introduced uncertainty for crypto markets, with analysts pointing to conflicting implications for liquidity and risk assets. While Warsh is viewed as more open to interest rate cuts, his skepticism toward balance sheet expansion has unsettled investors sensitive to dollar liquidity trends.
Market participants say Warsh’s stance suggests liquidity may stabilize rather than expand, limiting near-term upside for Bitcoin and other cryptocurrencies. Analysts note that crypto assets have become increasingly responsive to broader liquidity conditions, sometimes more so than changes in the policy rate itself. Recent market volatility, including a sharp decline across digital assets, has been partly attributed to these concerns.
At the same time, expectations for near-term interest rate policy remain largely unchanged, indicating that Warsh’s nomination has not altered consensus forecasts. The episode highlights the growing influence of macro policy signals on crypto markets as institutional participation deepens.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Hong Kong Set to Issue First Stablecoin Licenses in March
Hong Kong regulators are preparing to grant the city’s first stablecoin issuer licenses, with approvals expected to be limited in the initial rollout.
Hong Kong’s Monetary Authority is preparing to issue its first stablecoin issuer licenses in March. This marks a key milestone in the city’s digital asset regulatory framework. The regulator said reviews of applications are nearing completion, but only a small number of licenses will be granted in the initial phase.
The assessments have focused on use cases, governance standards, reserve asset quality, and compliance with anti-money laundering and cross-border activity rules. HKMA officials have previously cautioned that many applicants lacked sufficient operational readiness or technical capacity, underscoring a cautious approach to early approvals.
The move follows the implementation of Hong Kong’s Stablecoin Ordinance last August, which established mandatory licensing for issuers. While dozens of institutions have expressed interest, regulators have stressed that early approvals should not be viewed as endorsements, as Hong Kong prioritizes systemic stability while positioning itself as a regulated hub for digital asset activity.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
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Binance Begins SAFU Bitcoin Shift with $100M Purchase
Binance has executed its first Bitcoin purchase under a plan to convert its $1 billion SAFU user protection fund from stablecoins into BTC.
Binance said it has completed the first stage of converting its Secure Asset Fund for Users into Bitcoin, purchasing 1,315 BTC worth roughly $100 million. The acquisition was made at an average price near $77,400 per coin, according to on-chain data, marking the start of a broader shift away from stablecoin reserves.
The SAFU fund, launched in 2018 and funded through trading fees, is designed to protect users during extreme market events. Binance previously moved the fund from BUSD into USDC, citing liquidity and stability considerations. The latest decision places the reserve entirely in Bitcoin, reflecting a change in how the exchange manages long-term risk exposure.
The move comes amid elevated market volatility, with Bitcoin recently falling below $75,000 during a broader crypto sell-off. Binance said it expects to complete the remaining $900 million conversion over the coming weeks, maintaining SAFU as a backstop while aligning it more closely with Bitcoin market dynamics.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.