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31 Jan 2026, 10:44

Tether’s Reserves Hit All-Time High as Profits Decline

Tether's 2025 net profit dropped by 23% while U.S. Treasury holdings peaked. Continue Reading: Tether’s Reserves Hit All-Time High as Profits Decline The post Tether’s Reserves Hit All-Time High as Profits Decline appeared first on COINTURK NEWS .

31 Jan 2026, 10:36

CZ Pushes Back on Claims Binance Triggered Historic $19B Crypto Liquidations

Changpeng Zhao, widely known as CZ, has rejected allegations that Binance played a central role in the largest liquidation event in crypto market history, an episode that erased roughly $19 billion in leveraged positions last October. Key Takeaways: CZ dismissed claims that Binance triggered the $19 billion Oct. 10 crypto liquidation. He said he spoke as a shareholder, not as a Binance executive. A brief USDe depeg on Binance was later blamed on an internal oracle issue. Zhao addressed the claims during a question-and-answer session on Binance’s social media channels, pushing back on suggestions that the exchange was responsible for the sharp sell-off on Oct. 10 . According to Bloomberg , Zhao described the accusations as “far-fetched” and said some market participants were wrongly blaming Binance for losses suffered during the crash. CZ Rejects Claims Binance Caused October 10 Crypto Crash “There are a larger group who claim the October 10th crash was caused by Binance and wants Binance to compensate everything,” Zhao said, dismissing the idea that the exchange had triggered the liquidation cascade. He stressed that he was speaking as a shareholder and user of the platform, not in an executive capacity. Zhao stepped down as Binance’s chief executive in November 2023 after pleading guilty to US federal charges tied to anti-money laundering violations. He later served a prison sentence but was pardoned by US President Donald Trump in October last year. While no longer running the exchange, Zhao remains a prominent figure in the industry and now oversees YZi Labs, an investment firm that evolved from Binance’s former venture arm and manages about $10 billion in assets. . @cz_binance to those who think Binance deliberately caused the 10/10 market crash: “if you are living in those world in your head, you are unlikely to be successful in the future.” https://t.co/FRmNS7TlA7 — Muyao (@MuyaoShen) January 30, 2026 Binance came under particular scrutiny during the October turmoil after Ethena’s USDe stablecoin briefly lost its dollar peg on the exchange. During the sell-off, USDe dropped as low as $0.65 on Binance before recovering. The incident was later linked to a platform-specific oracle issue rather than a broader problem with the stablecoin. Ethena founder Guy Young said at the time that the price dislocation was confined to a single trading venue that relied on its own order book rather than deeper liquidity pools. He added that temporary deposit and withdrawal issues prevented arbitrage traders from correcting the imbalance. Binance subsequently compensated affected users about $283 million. $1T Crypto Wipeout Rekindles Debate Over Leverage and Risk More than three months on, the market is still feeling the aftershocks. Bitcoin, which traded above $126,000 in early October, slid below $80,000 weeks later, dragging the wider market down with it. The correction wiped out over $1 trillion in total crypto market value, fueling ongoing debate over leverage, risk management, and the role of major exchanges during periods of extreme volatility. According to XS.com analyst Samer Hasn, a Federal Reserve stance that remains neutral to hawkish, combined with tensions in the Middle East, has reduced demand for speculative investments across crypto markets. Meanwhile, Bitwise Chief Investment Officer Matt Hougan has said that gold’s surge past $5,000 an ounce and mounting uncertainty around US crypto legislation are shaping a critical moment for digital asset markets. The post CZ Pushes Back on Claims Binance Triggered Historic $19B Crypto Liquidations appeared first on Cryptonews .

31 Jan 2026, 10:30

Flow burns 87.4B counterfeit tokens tied to December $3.9M breach

The Flow Foundation has confirmed the permanent, onchain destruction of 87.4 billion counterfeit FLOW tokens. The project regarded the token burn as the final step in the remediation process that began in response to the security incident from December 27 and was executed by the Community Governance Council. Flow commits to moving on from December hack An official post from the Flow Foundation confirmed the permanent destruction of the counterfeit $FLOW tokens. The burning of the counterfeit tokens completely removes all seized counterfeits from circulation and completes the final mechanical step of Flow’s isolated recovery plan as outlined in the December technical post-mortem . Network operations returned to normal after validators deployed a security patch within 24 hours of the incident, complete with extra security safeguards implemented across the protocol to prevent a repeat of such in the future. As for exchange and infrastructure services, those continue to be restored through active coordination with partners. The post claims Kraken, Gate, and Coinbase have already fully resumed $FLOW deposits and withdrawals, while additional exchange services are completing reconciliation processes and are expected to resume imminently. The network is also back to full operational health, with ongoing ecosystem activity back to over 3 million transactions in a single week. Its core DeFi protocols too are fully operational, and developer activity as well as protocol deployments have returned to pre-incident levels. Now that the security remediation is complete, Flow turns its attention to continued ecosystem growth and product development. The network’s recent protocol upgrades introduce ongoing deflationary pressures via transaction fee mechanisms, aligning tokenomics with long-term network sustainability. Flow takes steps to avoid repeat exploit The Flow network experienced an exploit in December 2025 when a hacker capitalized on a type confusion vulnerability in the Cadence runtime. This allowed them to create counterfeit tokens without minting new ones or draining user wallets. No legitimate user balances were compromised as a result, but the hacker was able to bridge out and realize about $3.9M in value using venues like Celer and deBridge, before validators halted the network. The hacker would have gotten away with far more; the total duplicated supply was around 88B FLOW, with over a billion tokens moved to centralized exchanges. Thanks to the prompt response from cooperative exchanges, the larger volumes of counterfeit tokens were contained. The remaining were isolated onchain via restrictions and the Isolated Recovery Plan. The plan was chosen over a full chain rollback, which faced significant pushback as it would not preserve history or minimize disruption to bridges/exchanges, as reported by Cryptopolitan. The Foundation has committed to several guarantees to strengthen network security and resilience to prevent a repeat in the future. These guarantees have seen runtime type validation boundaries hardened and covered by regression tests, while supply anomaly detection and execution-layer monitoring were expanded to surface similar conditions earlier. Elevated recovery permissions for the Community Governance Council introduced during remediation will reportedly be revoked following completion of all recovery phases. There has also been a review of the bug-bounty program, which led to an increase in rewards to align more closely with the increased TVL. The Foundation has also decided to enhance the security procedure to provide timely and accurate communication with all partners and establish feedback channels early on. Lastly, the Foundation will ensure that future incident responses clearly distinguish between proposals under consideration and finalized decisions. A process to align with all stakeholders and converge on a decision. If you're reading this, you’re already ahead. Stay there with our newsletter .

31 Jan 2026, 10:30

What Kevin Warsh’s Fed nomination could mean for stocks, crypto, and risk assets

The financial world shifted on its axis this Friday as President Donald Trump officially nominated Kevin Warsh to succeed Jerome Powell as Chair of the Federal Reserve. This appointment is far from a mere administrative baton-pass; it represents a fundamental pivot in the world’s most powerful economic engine. Warsh, a former Fed governor and Wall Street veteran, enters the fray at a time when the central bank’s independence and its approach to liquidity are under intense scrutiny. For financial markets, the “Warsh Era” signals a departure from the status quo, promising a cocktail of aggressive rate-cut advocacy mixed with a disciplined, “tough love” approach to the Fed’s balance sheet that could fundamentally reshape the performance of risk assets in 2026. Kevin Warsh – a double-edged sword for risk assets The immediate market reaction to the Warsh news was a sharp “risk-off” move, with stock prices declining and Bitcoin facing selling pressure as well. This stems from Warsh’s reputation as a “reformed hawk”. While he’s aligned with Trump’s demand for lower interest rates to spur growth – a move that typically benefits stocks and cryptocurrencies – he simultaneously advocates for a significantly smaller Fed balance sheet. This creates a paradox for risk assets: while lower nominal rates are a tailwind, a reduction in global dollar liquidity is a massive headwind. As Stephen Brown of Capital Economics noted, Warsh is a “relatively safe choice,” but his conviction that “the Fed should operate with a much smaller balance sheet” could put persistent upward pressure on long-term bond yields, making non-yielding assets like stocks and crypto less attractive. Valuation over liquidity: the death of the “Fed Put” For years, equity markets have leaned on the “Fed Put” – the belief that the central bank would reliably inject liquidity at the first sign of trouble. Warsh, however, is a vocal critic of the Fed’s tendency to “pamper” markets. His “valuation-over-liquidity” framework means risk assets like high-growth tech and Bitcoin can no longer rely on central bank largesse to mask weak fundamentals. In a recent interview, Warsh argued that the Fed’s “bloated balance sheet” should be reduced to “support households and small businesses” rather than just the largest financial firms. This shift forces a Darwinian transition: companies with real earnings will thrive under lower rates, but “zombie” stocks and speculative bubbles that survived solely on excess market liquidity may face a harsh reckoning as the Fed’s safety net is pulled away. How to play risk assets amidst the new economic climate Ultimately, Kevin Warsh views the Fed not as a “pampered prince” of the economy, but as a disciplined steward of the currency. His belief that artificial intelligence will act as a “significant disinflationary force” suggests he may feel emboldened to cut rates without fearing an immediate inflationary spike, a scenario that could ignite a massive rally in small-cap stocks. However, the cost of this growth will be the removal of the experimental stimulus measures that defined the last decade. As we move toward May 2026, the transition from Powell’s “cautious guidance” to Warsh’s “structural reform” means the era of easy, liquidity-driven gains is likely over. In this new landscape, the winners will be those who prioritize real productivity over the temporary highs of central bank cash injections. The post What Kevin Warsh’s Fed nomination could mean for stocks, crypto, and risk assets appeared first on Invezz

31 Jan 2026, 10:29

XRPL Alert: Ripple Engineer Sends Key Reminder Ahead of 2026 Upgrades

2026 has already taken off with a slew of upgrades to XRP Ledger.

31 Jan 2026, 10:11

Pi Network’s PI Token Finally Rebounds, Bitcoin (BTC) Settles at $83K: Weekend Watch

Bitcoin’s severe price volatility from Thursday and early Friday has disappeared over the past 12 hours or so, despite the partial US government shutdown and the untypical fluctuations in the precious metal market. Most altcoins continue to struggle, with ETH still deep in the red, while XMR and CC have defied the odds from the larger caps. BTC Calms at $83K The primary cryptocurrency was rejected at $91,000 last Friday and spent the previous weekend trading sideways around $89,000 despite Trump’s new tariff threats, this time against Canada. However, the almost inevitable price drop materialized on Sunday evening and Monday morning when BTC slipped to a then-five-week low of $86,000. It surged past $90,000 on Wednesday before the first FOMC meeting of the year. It slipped to $89,000 just ahead of the event, and remained sideways at $89,000 in the first hours after it when the Fed decided to pause the rate cuts. However, as the geopolitical tension in the Middle East rose, BTC started to lose value on Thursday. In just a matter of several hours, Bitcoin dumped to $81,000, which became a two-month low. Friday was less volatile, and BTC even recovered some ground to $84,000, while the precious metal market melted down . Bitcoin now trades at $83,000, with a market cap of $1.650 trillion, while its dominance over the alts remains at 57.5%. BTCUSD Jan 31. Source: TradingView XMR, HASH Rocket Most of the top 36 non-stablecoin altcoins are in the red today. Ethereum struggles below $2,650 after another 3% daily decline. XRP is down to $1.70 after a 2.5% drop. ADA, DOGE, LINK, BCH, XLM, ZEC, and AVAX are also in the red by up to 4%, while SUI has plunged by over 5%. Monero and Canton are with impressive gains, surging by 10-11% daily. HYPE is slightly in the green, and so is Pi Network’s native token. After several consecutive all-time lows in the past week, PI has gained 4% daily and even tapped $0.175 earlier today before sliding to $0.17 as of press time. The total crypto market cap has dropped below $2.9 trillion on CG, meaning a decline of over $200 billion in just a couple of days. Cryptocurrency Market Overview Daily January 31. Source: QuantifyCrypto The post Pi Network’s PI Token Finally Rebounds, Bitcoin (BTC) Settles at $83K: Weekend Watch appeared first on CryptoPotato .