GM!
Today’s top news:
Crypto majors crash 7-10%; BTC at $62,600 Arthur Hayes says he sold his entire HYPE & NEAR positions, cites looming market top Recent alt winners HYPE, ZEC, NEAR and VVV all give back 10-20% Tom Lee’s BMNR files for new $300M pref stock raise following Saylor playbook MoonPay launches MoonAgents, connecting crypto infra to let AI agents trade on users behalf Crypto Crashes, New Lows In SightBitcoin and crypto majors fell hard on Wednesday and overnight, and this time, the alt darlings were not spared.
Taking a look at the board:
BTC fell 6% to $62,600 Ethereum fell 6% to $1,750 Solana fell 9% to $68.40 Hyperliquid fell 9% to $65.70What makes this down move different from the prior few days is that Hype and the recent alt winners all sold off hard as well. ZEC fell 12%, NEAR fell 18% and VVV fell 12%, all of which had hit new local highs on Wednesday. HYPE itself had hit $75 before the selloff.
Arthur Hayes certainly didn’t help, posting how he sold his entire HYPE and NEAR positions as he thinks the macro top is in or close. He pointed to higher energy prices, the three AI IPOs looming and anticipation of a surprising Trump pivot on AI to cause a market top between now and September.
TLDR:- Higher energy prices due to Iran war and inventory restocking- 3 Mega AI IPOs between now and early Q3- Prediction that Trump goes anti-AI to win…
That local bottom is at $60k, hit just briefly on Feb 5. If it doesn’t hold, unfortunately it’s probably “look out below”…
Bitmine’s position is structurally different. The firm holds 5.42 million ETH (4.5% of Ethereum’s circulating supply) generating over $300 million annually in staking revenue through its MAVAN validators. The staking income funds dividend obligations without touching the principal. Bitmine doesn’t need to sell assets to pay its preferred holders - the assets pay for themselves.
So in theory, this product should be relatively “safe.” But at the same time, it’s a drop in the bucket.
With ETH below $1,828, Bitmine is sitting on an estimated $9 billion in losses from its average accumulation price. An extra $300M in buy pressure isn’t going to do much to fix that…
Users sign in with existing Claude or Codex accounts, then the app sets up the underlying AI infrastructure behind the scenes. Prebuilt Skills handle common crypto actions like buying, selling, price alerts, while Automations let agents execute tasks on a schedule without user input. An Artifacts feature builds visual dashboards generated by the AI itself.
Private keys are stored locally in encrypted form, so MoonPay never holds assets. Connecting a Ledger adds an approval gate so the AI pauses before any transaction. The underlying MoonAgents MCP server covers 54 crypto tools across 17 skills and 10 chains, broader than Coinbase’s payment-focused MCP or Gemini’s exchange-custodied trading tools.
For an example use case, someone could text Claude Dispatch on their phone “rebalance my portfolio” - and the agent executes the trades, logs the activity, and generates a dashboard without you opening an app.
The agentic trading future is happening, and MoonPay is helping to usher it in…
The FBI, LASD, and Malwarebytes all issued warnings this week. Cybercriminals are creating fake FIFA websites with AI-generated phishing sites that can clone legitimate brands within hours.
Malwarebytes found one site marketing a token as “the official community token celebrating the FIFA World Cup 2026,” complete with a 7-billion-token supply and a participant counter pinned to the symbolic number 48, the count of qualified teams. Another used FIFA’s official mascot to sell an unlicensed token. Bitdefender Labs found more than 55 active football-themed scam campaigns across fake online stores, malicious social media ads, IPTV piracy, and FIFA-themed giveaways.
Malwarebytes’ global head of scam research was blunt: “Scammers love crypto. It helps them remain anonymous and it’s mostly impossible to reverse the transaction. If it has to do with crypto, just stop.”
