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#CelebratingNewYearOnGateSquare ‼️ Bitcoin is trading as a growth asset, not digital gold: Grayscale
🟠 A new Grayscale study shows that Bitcoin's price behavior is increasingly correlated with the stocks of software development companies, calling into question its reputation as a "safe haven" and "digital gold."
➡️ The analysis revealed that Bitcoin has developed a strong correlation with stocks in this segment since the beginning of 2024.
However, the mismatch between Bitcoin's status as a safe asset, according to Grayscale, should not be viewed as a failure but rather as part of the ongoing

#CelebratingNewYearOnGateSquare 🚀 Founders of Farcaster to Strengthen Tempo Blockchain
📈 The founders of the social network Farcaster, Dan Romero and Varun Srinivasan, announced their transition to the crypto startup Tempo, which specializes in stablecoin payments.
➡️ It is reported that the entire Merkle Manufactory team, previously working at Farcaster, will join Tempo. The transition is related to the sale of the social network to Neynar.
At the same time, Tempo, funded by Stripe and Paradigm with $500 million, is in need of qualified personnel to scale globally.

#CelebratingNewYearOnGateSquare ‼️ Bernstein confirms the target price of Bitcoin at $150 000
🟠 Bernstein analysts stated that the recent decline in Bitcoin reflects a "self-created trust crisis," rather than structural damage, calling it "the weakest bearish market scenario" in the asset's history.
➡️ Based on this, Bernstein confirmed the BTC target price at $150 000 in their latest investor note.
Meanwhile, experts continue to discuss the reason for Bitcoin's recent drop to $60 000. One theory is the weakening of the Japanese yen as a long-term factor and the flow of investments into Japan

#CelebratingNewYearOnGateSquare
🐋 Kith lost $100 million on ETH volatility
One of the major traders yesterday lost about $100 million on an Ethereum position in 13 minutes.
The market has been very volatile in recent days: liquidity is thin, movements are rapid, and mistakes are unforgiving.
Before entering trades, assess the risk, leverage, and liquidation levels — these are everything right now.

🟠 Jack Dorsey Announces Layoffs
📉 Jack Dorsey's Payment Company Block Inc. has begun informing employees about potential job cuts during the annual performance reviews.
✅ It is reported that the layoffs could affect up to 10% of Block's approximately 11,000 employees.
Against this backdrop, Block Inc. shares rose by 5% to $56, as the layoffs are expected to help reduce costs if the company can successfully restructure and align its product lines.

💵 Tether helped Turkey confiscate $544 million in USDT
🚨 Tether CEO Paolo Ardoino stated that his company assisted Turkish authorities in seizing assets related to illegal betting platforms worth more than $500 million.
“We were approached by law enforcement, provided with some information, reviewed it, and acted in accordance with the country's laws,” Ardoino said.
➡️ This concerns the business of gambling magnate Weisel Shahin, who is accused of operating illegal betting platforms and money laundering.
Tether claims to have assisted law enforcement in over 1800 cases across 62 countries,

‼️ Bitcoin could face a drop of up to 70%
Crypto analyst Sherlock suggested that Bitcoin could correct by up to 70% from its all-time high amid worsening market conditions.
👉 In his assessment, the current dynamics are within the range of previous cycles.
Currently, BTC is trading near $67 000, having lost more than 20% over the past week.

⁉️ Why Bitcoin Has Gone Out of Control
🟠 Discussing the Bitcoin crash with Bloomberg, Galaxy Digital CEO Mike Novogratz admitted that Bitcoin shouldn't have behaved this way and "something went wrong."
➡️ But he hopes that the bottom has already been reached, and the new price range for BTC is $70 000 – $100 000.
However, well-known investor Michael Berry disagreed with Novogratz and warned that BTC has no bottom and is in a "death spiral."
📉 Meanwhile, U.S. Senate candidate John Diten blamed traditional finance for the BTC crash, claiming they suppressed its price using futures.

🚀 Opera MiniPay integrates Tether stablecoins
🔼 The developer of the Opera browser family, Opera Ltd, announced reaching 12 million users of its crypto wallet MiniPay, which allows transferring stablecoins from smartphones without using separate crypto applications.
💵 The rapid increase in MiniPay user registrations in Africa, Latin America, and Southeast Asia began after adding USDT and the gold stablecoin XAUT from Tether to the crypto wallet.
Following the announcement of USDT and XAUT integration, Opera's shares on Nasdaq jumped 15% to $14.30.

🔽 The Strategy Portfolio has gone into the red
The average entry price of the Strategy in Bitcoin is 0.1928374656574839201037, and at current market rates, the company's portfolio has become unprofitable.
Currently, unrealized losses of the Strategy are estimated at approximately 0.1928374656574839201 million — a rare moment when the company's aggressive BTC strategy has temporarily entered the "red zone".

🚀 Canton Network defied the trend by updating the ATN
🔼 Against the backdrop of a dramatic cryptocurrency market crash and Bitcoin falling to $78 000, Canton Network (CC) was the only token to update the ATN this Saturday.
➡️ CC surged nearly 12% to $0.193 before correcting to $0.18, trading slightly up for the day.
The network rally for RWA tokenization is fueled by numerous partnerships with major market players such as Goldman Sachs and BNP Paribas. As a result, some investors have begun to view CC as a safe haven asset.

🟠 Bitcoin falls behind Aramco and TSMC
📉 The fall of Bitcoin below $83 000 has pushed it out of the top 10 global assets by market capitalization
According to Crypto Crib, a decrease in market cap to $1.65 trillion places Bitcoin just behind the oil company Saudi Aramco and the largest chip manufacturer Taiwan Semiconductor Manufacturing Co. (TSMC).
On the other hand, gold, after a record surge, has taken the top spot with a significant lead, strengthening its position as the largest asset in the world.

The American company Bit Digital announced that it is gradually ceasing BTC mining and shifting to an Ethereum treasury strategy and Ethereum staking. It also plans to sell mining assets and transfer part of its Bitcoin reserves to ETH.

‼️ The British court has recognized RuneScape gold coins as property
🇬🇧 According to the appellate court's decision, virtual gold in the popular online game RuneScape can be considered property, whereas the previous court ruled that in-game coins are not "competitive" because their quantity is unlimited.
🟠 The defendant – a former employee of the game developer company Jagex – allegedly stole 705 billion in-game coins and then sold them for BTC and fiat money totaling $748 385.
As a result, the court recognized in-game money as "assets with a definable monetary value that can be sold for th

‼️ Bitcoin ETF halts weekly outflow of $1.72 billion
🟠 Bitcoin ETFs started this week with a net inflow of $6.8 million, ending a five-day outflow totaling nearly $1.72 billion.
✅ According to Farside Investors, the biggest gains were seen in IBIT from BlackRock and Grayscale BTC, which attracted $15.9 million and $7.7 million respectively, while some other funds lost money.
The reversal occurred against the backdrop of Bitcoin's price dropping to around $87 815. But if the inflow increases, the price could rise a little more.

💵 Tether purchased 27 tons of gold in the fourth quarter
📈 Tether, the issuer of the world's largest stablecoin, announced that it added 27 tons to the 26 tons of gold purchased in the third quarter of 2025.
Such a level of purchases positions Tether among active central bank buyers.
➡️ For comparison, the Bank of Poland, the most active sovereign buyer reporting their purchases, increased its reserves by 35 tons in the fourth quarter to 550 tons.

🇯🇵 Japan Approaches Spot Crypto ETFs
Japanese regulators, according to media reports, are considering approving spot cryptocurrency ETFs.
The first such products could receive approval for listing as early as 2028, marking an important step for the institutional crypto market in the country.

‼️ NFT Platform Nifty Gateway Announces Closure
📉 Nifty Gateway, the renowned NFT marketplace owned by Gemini, will close on February 23, and users are already encouraged to start withdrawing their funds.
➡️ In 2021, Nifty Gateway became synonymous with the NFT art boom, hosting the landmark sales of works by Beeple and other artists.
However, the NFT sector is currently in decline, with sales volume in 2025 reaching only $5.5 billion, compared to $50 billion in 2022. Therefore, Gemini will sell NFTs through its wallets rather than on a separate marketplace.

🚨 GameStop has moved all its BTC holdings — the market is discussing a possible sale
GameStop has transferred all its bitcoins, which could be a sign of preparation to sell.
Previously, it bought 4,710 BTC at an average price of $107 900, and if it sells the entire volume at current prices, the potential loss could be around $76 million.

‼️ Visa and Mercuryo accelerate crypto-fiat payments
📈 Visa Inc. announced a partnership with crypto payment company Mercuryo, enabling the conversion of digital assets and the transfer of funds to Visa cards via Visa Direct in real-time.
Previously, Mercuryo, in partnership with Mastercard, launched the Mercuryo Spend Card, a crypto-debit card accepted at millions of merchants worldwide.