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Michael Burry cautions up to $1B precious metals selloff if Bitcoin slide persists
On Monday, Michael Burry warned that ongoing Bitcoin weakness could trigger as much as $1 billion in end‑of‑month liquidations in gold and silver. By Wednesday morning in Asia, Bitcoin was at $76,362 after a 3.17% daily drop and a 14.44% weekly decline, as his remarks emphasized pressure on risk assets and corporate holders.
BTC
BTC-8.25%
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White House pushes February 2026 compromise on stablecoin yields in crypto market bill talks
The White House convened crypto industry groups, exchanges, and Wall Street banks at the Eisenhower Executive Office Building on Monday to negotiate the U.S. crypto market structure bill, focusing on whether exchanges can offer yield on stablecoins. Participants were instructed to reach a compromise on stablecoin rewards by the end of this month, with trade groups describing the meeting as a constructive step toward bipartisan legislation. Senior administration officials said recent talks have resolved several difficult policy disputes and expressed confidence that the remaining issues on stablecoin yields can also be settled.
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White House Schedules February 2, 2026 Talks With Crypto and Banking Leaders on CLARITY Act Impasse
The White House plans to host cryptocurrency, banking and lobbying representatives on February 2, 2026 to address disagreements over the stalled CLARITY Act market structure bill. Discussions are expected to center on how the legislation handles interest and rewards on dollar-pegged stablecoins, with a Coinbase representative among those set to attend.
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Australian court orders BPS Financial to pay AU$14 million over Qoin wallet claims
On Tuesday, the Australian Securities and Investments Commission said the Federal Court ordered Gold Coast-based BPS Financial to pay AU$14 million ($9.6 million) in penalties for unlicensed conduct and misleading statements tied to its Qoin Wallet. The court had found in 2024 that BPS engaged in unlicensed conduct for almost three years while issuing the Qoin token and promoting a linked non-cash payment product.
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