34m ago
Prediction market open interest surpasses $1.066B as Polymarket leads user activity
Open interest on major prediction markets has climbed to $1.066B, with $564M locked in trading pairs, marking the first time the sector exceeds the $1B threshold. Polymarket still leads by daily user activity and wallet inflows, while Kalshi and Opinion show strong but more concentrated volumes across sports and other categories. Recent growth has been driven by new wallets, diversified markets, and event-focused contracts around the Super Bowl, the winter Olympics, and politics.
34m ago
35m ago
CFTC No-Action Update on Feb 6, 2026 Clears Margin Path for RLUSD, XRP
On February 6, 2026, the CFTC staff updated its no‑action stance to let futures commission merchants accept payment stablecoins and other non‑securities as margin under defined risk controls. Commentators point to RLUSD and XRP at Bitnomial as immediate examples, while a December 12, 2025 conditional OCC approval for Ripple’s national trust bank is cited as part of a broader institutional thesis.
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35m ago
36m ago
Institutions Offload $264,000,000 in Bitcoin While Solana, XRP and Ethereum See New Inflows
In the week referenced by CoinShares, institutional products tied to Bitcoin recorded $264,000,000 in outflows, while several major altcoins attracted fresh capital. XRP led inflows with $63,100,000, followed by Solana with $8,200,000 and Ethereum with $5,300,000, as total assets under management fell to $129,800,000,000 and exchange-traded product volumes hit a record $63,100,000,000. CoinShares says the slowdown in outflows under price pressure may indicate a potential sentiment turning point.
36m ago
37m ago
Tether Plans 50% Staff Increase as Profits Fund Expansion Into AI, Energy and Regulated Finance
On 9 February 2026, Tether outlined plans to grow its workforce from about 300 to 450 employees over the next 18 months, marking a shift from a lean stablecoin issuer to a diversified global group. The company is using more than $10 billion in 2025 net income and roughly $193 billion in reserves, including U.S. Treasuries, gold, and Bitcoin, to back new ventures in AI, energy, education, and regulated dollar-pegged products such as USA₮.
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37m ago
1h ago
Xinbi handles $17.9 billion in crypto trades after 2025 crackdowns and Telegram ban
Chinese-language crypto marketplace Xinbi has facilitated $17.9 billion in transactions and received $8.9 billion in crypto, despite being removed from Telegram in May 2025 and facing U.S. regulatory action. After the crackdown, operators shifted activity to the SafeW messaging app and its XinbiPay wallet, while rival services Huione, Haowang, and Tudou saw their operations collapse. Since 2022, Xinbi has processed at least $16.4 billion in trades and remains a key hub for illicit services.
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1h ago
1h ago
Workday Stock Drops Over 8% as Cofounder Aneel Bhusri Reassumes CEO Role on February 9, 2026
On February 9, 2026, Workday, Inc. shares fell more than 8% after the company said cofounder and executive chairman Aneel Bhusri would return as CEO, with Carl Eschenbach stepping down from the role and the board. The stock hit a new 52-week low even as Workday reaffirmed that its fiscal 2026 fourth quarter and full-year results are expected to match prior guidance, ahead of its scheduled report on February 24, 2026. The leadership transition comes as the enterprise software provider prepares for what it characterizes as a crucial phase in the AI era.
1h ago