In the rapidly evolving blockchain industry, startups often face significant hurdles when navigating the ecosystem without the support of an incubator.

Bybit CEO Ben Zhou claims that crypto liquidations since new US tariffs could be between $8 to $10 billion. Specifically, he said that Bybit and other major exchanges limit the liquidation data that gets publicized.

Vietnam's proposed digital assets legalization framework has the potential to minimize fraud in the country's crypto space once passed.

White House cryptocurrency director David Sacks will hold a press conference on Tuesday, Feb. 4, at 2:30 p.m. ET to discuss the U.S. digital asset strategy. White House to Outline U.S.

ByBit cofounder and CEO Ben Zhou has disclosed that recent crypto market liquidations are far above the $2 billion reported by Coinglass. In a post on X, Zhou estimates that the value of total liquidations ranges from $8 billion to $10 billion.

TL;DR Ben Zhou, CEO of Bybit, estimates that crypto liquidations are between $8 billion and $10 billion, much higher than the reported $2 billion. Bybit's 24-hour liquidation figure was $333 million, but Zhou emphasizes this is only a small part of the total market.

The latest cryptocurrency market sell-off has resulted in significantly higher liquidations than initially reported, with Bybit CEO Ben Zhou estimating the total wipeout to be between $8 billion and $10 billion.

The global cryptocurrency market witnessed high volatility on 3rd February, which saw the total market capitalization fall by 7% to $3.12 trillion. This dip marked one of the biggest market crashes that caused $2.25 billion in liquidations.

Coinbase says it is now the largest registered digital assets company in the U.K. That milestone, announced by the cryptocurrency exchange Monday (Feb. 3), follows Coinbase's receipt of virtual asset service provider (VASP) registration from the U.K.'s Financial Conduct Authority (FCA). This will allow Coinbase to offer both crypto and fiat in Great Britain, its largest international market.

Retail investment platform Robinhood Inc. (NASDAQ:HOOD) is diving into the world of event-driven trading, now offering its users the chance to speculate on the outcome of the upcoming Super Bowl. What Happened: Starting this week, Robinhood clients throughout the United States can access contracts through the Kalshi exchange, allowing them to place trades on which team will take home the championship trophy.

Cryptocurrency exchange Coinbase has received approval from the UK's Financial Conduct Authority (FCA) to offer its services after applying to become a virtual asset service provider (VASP).

In a latest development, crypto exchange Kraken announced in a blog post that it has secured a Markets in Financial Instruments Directive (MiFID) license in the EU. The license was obtained through the acquisition of a Cypriot Investment Firm, which was recently approved by the Cyprus Securities and Exchange Commission (CySEC).

Over $2 billion in crypto was liquidated after Trump's tariffs fueled market panic, with Wintermute's CEO attributing the crash to TradFi, not crypto insiders.

The Securities and Exchange Commission (SEC) of Thailand looks set to introduce a distributed ledger technology (DLT)-based trading platform for securities firms. The initiative aims to leverage extensive investor networks to facilitate digital token transactions.

Russia's Ministry of Energy plans to introduce a nationwide registry for crypto mining equipment, making registration mandatory for all operations. According to a Feb. 3 TASS report, Deputy Minister of Energy Yevgeny Grabchak is leading the initiative to refine existing mining regulations and improve oversight.

The $Trump memecoin, launched by Donald Trump just a few days before stepping into the White House, raked in nearly $100 million in trading fees in under two weeks. Since then, tens of thousands of small traders have suffered losses.

Kraken has obtained a Markets in Financial Instruments Directive (MiFID) license in the European Union. This regulatory approval was achieved through the acquisition of a Cypriot Investment Firm, which received approval from the Cyprus Securities and Exchange Commission (CySEC).

TL;DR Real-world assets (RWAs) reached an all-time high of $17.1 billion, with 10% growth in the last month. Tokenized private debt leads the sector with $11.9 billion, while U.S. Treasury bonds total $3.5 billion. The RWA market is projected to exceed $30 trillion by 2030, driven by institutional interest and regulatory advancements.

Lawmakers in India appear to be softening on crypto, but without tax relief "trading in India remains expensive,” said a CoinSwitch co-founder.

In a key note to investors, Binance CEO Richard Teng has hinted that the current market volatility is temporary.

TL;DR Cryptocurrency investment products received a total of $527 million in inflows, highlighting volatile investor behavior. Bitcoin led the inflows with $486 million, while XRP positions itself as the second most profitable altcoin of the year.

With one eye on its global expansion efforts, Coinbase will now be keen to maximize its recent registration approval with the FCA for growth.

The crypto market is currently in turmoil, with top cryptocurrencies, including Bitcoin, seeing severe declines. Amid the prevailing crypto market crash, Binance CEO Richard Teng remains optimistic, predicting a recovery is imminent.

The Crypto Fear and Greed Index has just reached 39, signaling a significant period of uncertainty in the markets. This indicator, ranging from 0 (extreme fear) to 100 (extreme greed), is an essential barometer of market sentiment.

The crypto market is in freefall, with Bitcoin, Ethereum, and other major cryptocurrencies suffering heavy losses. As trade wars escalate and investors panic, the sell-off is intensifying.

Bad advice from unqualified consultants can lead to costly regulatory mistakes.

The approval allows Coinbase to operate fully within UK regulations. Offering services such as crypto trading, custody, and payments.

Crypto market maker DWF Labs has launched DWF Options, a service offering tailored options trading and risk management solutions.

Anthony Scaramucci's career in finance started off with a seven-year stint at Goldman Sachs (NYSE: GS) as an investment banker. In 2017, during Donald Trump's first term in office, he was appointed White House Communications Director.

The potential $10 billion crypto liquidations highlight the need for transparency and could drive increased demand for Bitcoin as an inflation hedge. The post Crypto crashes could wipe out up to $10 billion in leveraged positions, says Bybit CEO appeared first on Crypto Briefing.

Elon Musk confirmed plans to move US Treasury to blockchain Musk stated Career Treasury officials are breaking the law every day on X.

Bybit CEO Ben Zhou has challenged reports that today's crypto market liquidations totaled just $2 billion. Instead, Zhou suggested that the actual figure could range between $8 billion and $10 billion.

Donald Trump ran on dropping interest rates saying it's better for the economy. He wants them to come down and right now.

In a latest development, the recent crypto market correction has triggered huge liquidations in the market. As per data from Coinglass, more than $2.24 billion was liquidated from the crypto markets in 24 hours on Feb 3. However, Bybit co-founder believes that the real figure might be five times larger.

Richard Teng, CEO of Binance, said volatility would become less relevant as crypto markets mature and projects become larger.

Donald Trump's expanding tariff plan has resulted in yet another crypto crash, with altcoins faring much worse than Bitcoin.

Crypto inflows experienced a significant downturn last week, retreating to $527 million amid volatile market sentiment.

Russia's Ministry of Energy has revealed plans to implement a mandatory registration system for crypto mining equipment, aiming to eliminate unregistered mining operations.

Coinbase has achieved Virtual Asset Service Provider (VASP) registration in the United Kingdom. On Feb. 3, Coinbase's Chief Policy Officer Faryar Shirzad announced the development on social media platform X and said that this milestone makes the exchange the largest registered VASP in the UK.

India has introduced new crypto tax amendments that impose a 70% penalty on undisclosed cryptocurrency gains.

Crypto related stocks are all looking very poor at the open, as the markets are in a decidedly “risk off” mode. The Bitcoin market has been sold off, but beyond that – alt coins have been decimated.

While Trump's potential tariffs were already an escalating concern last week, the full impact is yet to be reflected in the weekly figures.

The Crypto Fear and Greed Index, a key indicator for monitoring market sentiment, has dropped to 44, indicating a "fear" sentiment.

Bybit's CEO Ben Zhou opined that the ongoing crypto market liquidation event might be far larger than widely reported and believed.

Bitcoin led digital asset inflows with $486 million last week, while BlackRock's IBIT topped Bitcoin ETFs with $40.48 billion in cumulative inflows, contrasting with Grayscale's $21.89 billion outflows.

Ben Zhou, CEO of Bybit, estimates the real total crypto liquidation amount is between $8 billion and $10 billion, far higher than the reported $2 billion.

Bitcoin fell below $94K as Trump's tariffs sparked a massive sell-off. Analysts weigh in on implications of Trump's economic decisions, and impacts on digital assets.