Crypto majors are very red following a red Tuesday across markets; BTC -3% at $88,200; ETH -6% at $2,905, SOL -2% at $127; XRP -2% to $1.88. MYX (+11%) and ZRO (+10%) led top movers. Bitcoin and Solana both fell below key technical support levels as selling pressure accelerated. Over $1B in longs were liquidated during Bitcoin’s slide below $88k. Delaware Life added Bitcoin exposure to a fixed indexed annuity by linking performance to BlackRock’s spot BTC ETF, one of the first big moves to expand crypto access inside traditional insurance products. Trump Media announced plans to airdrop crypto tokens to shareholders in February, marking its first onchain incentive tied directly to equity ownership. Coinbase CEO Brian Armstrong traveled to Davos to push for a “win-win” U.S. crypto market structure bill amid renewed regulatory momentum. Portugal’s gambling regulator blocked access to Polymarket, citing unlicensed gambling concerns as prediction markets face mounting global scrutiny. The CFTC warned it is underprepared to take on a broader crypto oversight role, as the agency faces staffing shortages after a roughly 21.5% workforce reduction. Galaxy Digital announced plans for a $100M hedge fund targeting crypto and fintech. World Liberty Fi announced its first annual form at Mar-A-Lago on Feb 18.
What happened
Coin Prices BTC$78,434.00-0.89%
Why it matters
The development has potential consequences for crypto market structure, investor positioning, and the competitive landscape around digital-asset infrastructure.
What comes next
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