Bitcoin is up to $68,000 on Thursday morning after a volatile stretch that wiped out post-election gains; liquidations stand at $338.20 million over the past 24 hours.        

Bitcoin ETFs saw $276.3 million in net outflows on Wednesday, while Ethereum ETFs reported $129.18 million in net outflows.

The meme coin sector rose 2.1% to $33.6 billion, following the broader crypto rebound.

Trader Commentary:

Crypto trader Jelle said that whether this marks the ultimate bottom or not, markets typically provide time to accumulate. The key signal to watch is basing behavior combined with early bullish structure, not just a sharp bounce.

Crypto chart analyst Ali Martinez noted that Bitcoin has…

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Barry Silbert, CEO of cryptocurrency conglomerate Digital Currency Group, said Wednesday that privacy-focused cryptocurrencies are poised to become the next big investment opportunity in the industry.

Bitcoin Not Really ‘Anonymous’

During a conversation with Anthony Pompliano at the Bitcoin Investor Week conference, Silbert said his thesis is that 5-10% of Bitcoin’s (CRYPTO: BTC) market cap would rotate into privacy coins, including Zcash (CRYPTO: ZEC).

Silbert acknowledged that Bitcoin also started as an “anonymous” currency, but then it “lost the plot” due to the rise of on-chain analytics firms.

“Bitcoin, for all its amazing attributes, is likely never going to have…

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Greenlane Holdings Inc. (NASDAQ:GNLN) shares surged 71.72% to $1.58 in after-hours trading on Wednesday.

The stock of the Florida-based company closed regular trading at $0.92, down 7.05%, according to Benzinga Pro data.

No obvious reason for the after-hours jump was clear.

Cryptocurrency Agreements Disclosed

On Feb. 4, Greenlane Subsidiary Inc., a wholly owned subsidiary of Greenlane Holdings, signed a Token Purchase and Sale Agreement and a Token Lending Agreement with Cayman Islands–based Berachain Operations Corporation, according to a Feb. 9 Securities and Exchange Commission filing.

Greenlane Holdings, a major player in the cannabis industry that primarily operates as an ancillary…

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Sam Bankman-Fried, who is currently serving a 25-year sentence for the FTX scam, alleged on Wednesday that the Justice Department under Joe Biden threatened key defense witnesses, preventing them from testifying that the exchange was solvent.

SBF Wants New Trial

Bankman-Fried, popularly known as SBF, filed a request for a new trial in a Manhattan court. The motion, filed on February 5, stated that Daniel Chapsky, former FTX head of partnerships, Ryan Salame, former FTX Digital Markets co-CEO, and Nishad Singh, former FTX engineering director, were “threatened” by the DOJ into silence or changing their statements.

“My conviction should be thrown out,” SBF said in an X post,…

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Leading cryptocurrencies fell alongside stocks and precious metals on Wednesday, even as job growth accelerated strongly in January.

Crypto Market Stays In The Dumps

Bitcoin dived below $65,000 in the early trading hours before bouncing back to $68,000 in the evening. Trading volume for the coin jumped 25% in the last 24 hours, indicating high selling pressure.

Ethereum came under pressure, but was guarded by the support at $1,900. XRP and Dogecoin also traded in the red.

Over $470 million was liquidated from the market in the last 24 hours, according to Coinglass, with nearly $300 million in bullish long bets erased.

Bitcoin’s open interest rose 1.49% over the past 24 hours. A jump in open…

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Coinbase Q4 Earnings Estimates

Analysts expect the company to report fourth-quarter revenue of $1.84 billion, down from $2.27 billion a year earlier, according to data from Benzinga Pro. It has beaten revenue estimates in seven of the last 10 quarters, including the most recently reported third quarter.

Analysts expect Coinbase to report earnings per share of $1.05 for the period, down from $3.39 a year earlier. The firm has beaten EPS estimates in nine of the last 10 quarters, including the third quarter.

Coinbase Analyst Ratings And Price Targets

Bank of America Securities analyst Craig Seigenthaler upgraded Coinbase stock from Neutral to Buy in January. The analyst maintained a price…

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Wall Street’s growing appetite for Bitcoin ETFs was back in focus Tuesday after an SEC filing showed Goldman Sachs holds more than $1 billion in the cryptocurrency through spot Bitcoin funds, including BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and Fidelity’s Wise Origin Bitcoin Fund (BATS:FBTC).

The move highlights how big institutions increasingly favor regulated ETF products to holding crypto assets directly, despite the fact that the price of Bitcoin is volatile and investor sentiment is unstable.

Institutional Access Without Direct Crypto Risk

Goldman’s move is consistent with institutional investors’ general preferences about liquidity and regulatory clarity.

Spot bitcoin ETFs…

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