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7 Feb 2026, 11:55
BTC and ETH futures trading spiked on the Moscow Exchange amid global market volatility
Trading volumes of Russian crypto futures have reached record high levels amid the major correction on global markets for digital assets. Some derivatives on Moscow Exchange, the country’s largest stock market, have seen growth exceeding 700% while Bitcoin lost 30% of its value in about a week. Moscow Exchange registers record volumes of Bitcoin futures traded Spot crypto markets experienced a significant correction in the past week or so, with major coins hitting lows unseen for well over a year, since October 2024. The price of the cryptocurrency with the biggest market capitalization dropped by nearly a third between the last days of January and the first week of February 2026. At its lowest point so far this year, Bitcoin (BTC) approached the $60,000 mark before bouncing back to around $68,000 at the time of writing, still a staggering contrast with the latest all-time high of over $125,000 from October 2025. The price of Ethereum, the second-largest coin, tumbled more than 40%. Against this backdrop, Russia’s nascent market for crypto-based derivative products saw a major spike in activity, the business news outlet RBC noted in a report, drawing attention to the latest figures registered on the country’s leading platform for such instruments. Trading volume for the Moscow Exchange Bitcoin Index futures, set to expire this month, jumped by 434%, from a little over 380.3 million rubles (over $4.9 million) on January 28 to 2.03 billion rubles (almost $30 million) on February 5. Trades surged, too, from 8,400 to 42,800 (more than 400%). Both indicators are at record highs since the launch of this contract, the Russian portal’s Investments page emphasized. Meanwhile, trading of the futures on the shares of BlackRock’s IBIT Trust ETF, which will expire in March, went up by 246%, from 590 million to 2.05 billion rubles, its highest volume to date. The MOEX Ethereum Index futures, expiring this month, saw their trading volume reach 467.5 million rubles (over $6 million), an almost 730% increase from last Wednesday’s 56.4 million, with the number of trades growing from 3,000 to 22,300, the article detailed. And the trading volume for the futures contract on the iShares Ethereum Trust ETF (ETHA), with March expiry, increased by 178%, from 105 million rubles on January 28 to 291.5 million in Russian fiat, or close to $3.8 million, this past Thursday. Trades shot up by 400% plus, from 2,000 to 10,600. Commenting on these figures, the Managing Director of Derivatives Markets at Moscow Exchange, Maria Patrikeeva, highlighted: “The average daily trading volume of cryptocurrency futures in the first week of February increased to ₽4 billion, double the volume in January of this year, due to the high volatility of prices on the spot market.” She further pointed out that the total volume of open positions in BTC and ETH derivatives reached 9.3 billion Russian rubles, with the exchange registering a movement towards new index contracts whose quotes correspond to the prices of the two leading cryptocurrencies. Russia’s crypto derivatives market expands ahead of full regulation The MOEX executive emphasized that the crypto-based instruments not only allow investors to participate in the price movement of the digital assets, but also give them a chance to hedge their positions. Russian derivatives based on cryptocurrencies have traded since last spring, when the Central Bank of Russia (CBR) authorized financial firms to launch such products on the domestic market in late May 2025. They have been exclusively offered to “highly qualified” investors, but this is likely to change this year. The latest regulatory concept released by the monetary authority in December aims to expand investor access, as part of comprehensive regulations to be adopted by July 1, as reported by Cryptopolitan. The new for Russia category of instruments, including securities and other digital financial assets (DFAs) linked to the value of cryptocurrencies, are usually denominated in U.S. dollars, settled in Russian rubles, and must not involve the actual delivery of the underlying cryptocurrency. MOEX was among the first traditional players to enter the promising market, followed by Russia’s second-largest stock exchange, the St. Petersburg Exchange ( SPB ). The CBR already indicated it will rely on such pillars of Russia’s existing financial infrastructure to facilitate crypto trading in the future. Russian analysts approached by RBC gave their two cents on the latest market developments. According to Dmitry Vishnevsky from Cifra Broker, the increased activity on MOEX results mainly from BTC volatility on global markets. Andrey Varnavsky, director of digital assets at Ingosstrakh Investments, believes, however, that the Russian futures volumes are largely driven by domestic demand. He is also convinced that turnover would be much higher if actual crypto assets were traded. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
7 Feb 2026, 11:45
Crypto Exchange to Reimburse Some Users After $40 Billion Error
South Korean crypto exchange Bithumb, which mistakenly distributed more than $40 billion worth of Bitcoin on Friday, said it will reimburse customers who made losses when they sold their holdings in a panic during a brief but sharp selloff on its platform.
7 Feb 2026, 11:42
China’s market regulator fines firms impersonating ChatGPT and DeepSeek services
China’s top market regulator has fined several firms for impersonating ChatGPT and DeepSeek services, as Beijing tightens oversight in the country’s artificial intelligence sector. The State Administration for Market Regulation said Friday it punished several companies for unfair competition, falsely imitating and advertising AI services from other brands. According to the South China Morning Post, one of the fined companies is Shanghai Shangyun Internet Technology, which was found running a sham ChatGPT service through Tencent’s WeChat platform. The regulator fined the company 62,692.70 yuan, equivalent to about $9,034. The agency claimed the service had been advertising itself as the “official Chinese version of OpenAI’s ChatGPT,” and charged users for AI conversations, a conduct that breached the country’s Anti-Unfair Competition Law. “The company was fully aware of the industry status and influence of OpenAI’s ChatGPT. They deliberately created a false impression that they are providing the official service to mislead users into making purchases,” it said during a press briefing on Friday. AI companies fined for imitating ChatGPT and DeepSeek According to the AI Market Regulation government arm, a wave of DeepSeek mini-programmes and websites imitating the original platform appeared in early 2025. The watchdog penalized the services for trademark violations and for trying to deceive the public through falsified promotional language. “This investigation served as a deterrent to illegal operators … and guided the AI market towards a standardised and orderly path of development,” the agency said. Another firm, Hangzhou Boheng Culture Media, was fined 30,000 yuan for running an unauthorized website that allegedly offered “DeepSeek local deployment.” The regulator said the site copied fonts, icons, and layout from DeepSeek’s official platform and tricked users into paying for the service. In the regulator’s campaign roundup, an engineer was slapped with a 360,000 yuan penalty for illegally accessing company servers that held confidential code and algorithm data. Furthermore, a Shanghai firm received a 200,000 yuan penalty for building AI phone-call software used by loan agencies to carry out scams. A Beijing-based company was also fined 5,000 yuan for “freeriding” on DeepSeek’s name to promote its own local deployment software. Chinese race for top AI model heats up China’s innovation regulators have been trying to balance out the growth of AI companies and fair competition in a market where developers are aggressively competing to topple American entities. Just over a year ago, DeepSeek became the talk of the globe after it launched a chatbot with lower user fees and development costs compared to OpenAI’s ChatGPT. The launch took DeepSeek to the top of Apple Store downloads for almost a week. Beijing-based startup Moonshot AI introduced an update, Kimi K2.5, at the end of last month. The company said the model features video generation and agent-style capabilities that outperform three leading US systems. In the same week, Alibaba debuted a new generative model capable of producing text, images, and video from user prompts. The company said its Qwen3-Max-Thinking system was ahead of US competitors ChatGPT and Grok in a benchmark known as “Humanity’s Last Exam.” On January 19, Z.ai rolled out a free version of its GLM 4.7 model, but had to restrict new sign-ups for the coding tool after demand strained its computing capacity. Many Chinese-developed models are open-sourced, allowing users to modify code and build customized applications. “The hope is countries apart from China will use these models to ensure large amounts of applications are built on these Chinese models,” said Alex Lu, founder of LSY Consulting. “That’s one way for Chinese companies to penetrate the market.” Alibaba updated its Qwen app in early January so users can shop, order food, and pay within the chatbot interface through connections to platforms such as Taobao. On Friday, the online marketplace added bubble tea to its beverage list, which lifted the app from 10th place to the top spot in China’s Apple App Store, overtaking Tencent’s Yuanbao within hours. The Qwen team said more than 10 million free orders worth 250 million yuan, or about $36 million, were placed within nine hours using vouchers capped at 25 yuan. The rush briefly overwhelmed shops, according to posts from store owners on WeChat. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
7 Feb 2026, 11:40
Ethereum Reclaims $2K Level, Bitcoin Recovery Halted at $72K: Weekend Watch
Bitcoin’s price volatility only intensified at the end of the business week as the asset dumped to a multi-month low before it staged an impressive five-digit recovery that was stopped at $72,000. Most altcoins are well in the green on a daily scale, but the weekly charts are still painful. Nevertheless, many have bounced off the multi-year lows they posted yesterday. BTC Stopped at $72K There’s no valid way to sugarcoat what happened in the crypto markets in the past week or so. Just last Saturday, the primary digital asset dumped from $84,000 to under $76,000 in what’s usually a highly uneventful day. Although that was a painful crash on its own, it wasn’t the end of BTC’s struggles. The asset dipped once again to under $74,000 at the beginning of the business week, but the actual calamity took place on Thursday and culminated on Friday morning. At the time, BTC plummeted by approximately $17,000 in just over 24 hours from $77,000 to $60,000, which became its lowest price tag since before the US elections in late 2024. After liquidating thousands of traders for billions of dollars, the move south was finally exhausted, and bitcoin actually went on the offensive on Friday evening. The peak came at almost $72,000, which was tapped on a couple of occasions, but BTC couldn’t break through it. Just the opposite, it was stopped and driven south to $68,000, where it currently sits. Its market capitalization is down to $1.360 trillion on CG, while its dominance over the alts has slipped to 56.6%. BTCUSD Feb 7. Source: TradingView Alts Try to Rebound Ethereum was among the poorest performers during the overall crash, dumping from more than $3,000 to under $2,700 in just over a week. It has bounced since then to $2,010 as of press time. SOL, BCH, XMR are also well in the green, followed by XRP, TRX, DOGE, and ADA. In contrast, the recent high-flyer HYPE has dropped by almost 5% daily and now sits below $33. PUMP and WLFI are also in the red from the larger caps. The total crypto market cap has recovered over $100 billion since its multi-year bottom on Friday morning and is up to $2.4 trillion on CG. Cryptocurrency Market Overview Feb 7. Source: QuantifyCrypto The post Ethereum Reclaims $2K Level, Bitcoin Recovery Halted at $72K: Weekend Watch appeared first on CryptoPotato .
7 Feb 2026, 11:31
Every Time XRP Hits These Extreme Levels, It Bounced 40% In Two Weeks
Crypto analyst Ripple Bull Winkle published a chart-based analysis asserting that XRP has reached the most oversold condition in its trading history. According to the tweet, the daily Relative Strength Index for XRP has fallen to 20, a level the analyst describes as unprecedented for the asset. The attached chart shows XRP/USD on the daily timeframe with RSI positioned deep in oversold territory, alongside marked horizontal price zones and projected directional arrows. Ripple Bull Winkle stated that a measurable price response usually follows this RSI level. The post claims that every prior instance of XRP reaching similar extreme oversold conditions resulted in a 15% to 40% rebound within two weeks. The analyst emphasized the consistency of this outcome, noting that it occurred in all previous cases rather than selectively. XRP just hit an RSI of 20 on the daily—the most oversold it's ever been in its history. Every single time XRP has hit these extreme levels, a 15-40% bounce followed within two weeks. Not sometimes. Every time. Relief bounce to $2.20-$2.50 is the highest probability setup we've… pic.twitter.com/F8e7WBRbyu — Ripple Bull Winkle | Crypto Researcher (@RipBullWinkle) February 5, 2026 Projected Price Levels and Short-Term Expectations Based on the historical pattern referenced in the tweet, Ripple Bull Winkle identified a potential relief bounce targeting the $2.20 to $2.50 range. The analyst described this setup as the highest probable opportunity for XRP so far this year. The chart attached to the post visually supports this view, showing downward price movement into a lower support zone, followed by arrows indicating a potential reversal and move toward higher resistance levels. The analysis remains focused on technical conditions rather than external market catalysts. The RSI reading is presented as the primary basis for expected rebound. This implies that selling pressure may have reached exhaustion on the daily timeframe. The tweet frames the scenario as a short-term corrective move rather than a definitive trend reversal, emphasizing a relief bounce rather than a sustained rally. Mixed Responses From Market Participants The post drew responses from other users who expressed skepticism about relying solely on oversold indicators. One commenter, using the handle justin’s mingming.trx questioned the interpretation of the RSI signal. The user argued that assets can remain oversold for extended periods and suggested that buying under such conditions carries significant risk. The comment stated that while individuals are free to buy, the commenter personally would not do so and characterized such a decision as likely to result in losses. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Another user, identified as JOEL, challenged the statistical claim regarding the magnitude and timing of the projected bounce. JOEL stated that a 15 to 40 percent move within two weeks does not appear plausible and argued that price action ultimately remains conditional. According to the comment, if XRP moves higher, it will do so, but continued downside remains a possibility based on recent behavior. Technical Claim Remains Central Focus Despite differing opinions in the replies, Ripple Bull Winkle’s tweet is based on XRP’s historical behavior at extreme RSI levels. The analysis does not account for broader market conditions or fundamental developments, instead relying on repeatable technical patterns observed on the daily chart. As presented, the post positions the current RSI reading as a statistically significant event that, based on past data, has preceded short-term price recoveries. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Every Time XRP Hits These Extreme Levels, It Bounced 40% In Two Weeks appeared first on Times Tabloid .
7 Feb 2026, 11:28
XRP Burn Rate Hits Highest 2026 Levels as Price Makes Dramatic Comeback
As XRP pulls a dramatic price recovery after the recent crash, its burn rate has skyrocketed with nearly 1,000 tokens being burned as fees in one day.
