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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Bitcoin is trading lower Wednesday as stronger-than-expected U.S. jobs data fueled macro headwinds and triggered another wave of risk-off selling.

Notable Developments:

Trader Notes: Crypto Tony said the precise bottom remains uncertain but identified $64,000 as the strongest support zone due to heavy technical confluence.

He would prefer to see price sweep into that area and print a strong impulsive bounce, a move that could reset momentum and establish a clearer recovery structure.

Trader Jelle believes a multi-week consolidation within the highlighted support zone would likely mark the cycle low.

He pointed to improving macro conditions, including the end of quantitative tightening and a…

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SEC Chair Paul Atkins said the U.S. “can and should be the crypto capital of the world” during a House hearing on Wednesday, where Democrats accused him of eroding trust by dismissing cases against crypto firms tied to President Trump.

The Crypto Capital Vision

Atkins told the House Financial Services Committee that achieving Trump’s goal of making the U.S. the crypto capital requires a framework that makes sense. 

Traditional SEC rules “are not really fit for purpose” and created marketplace uncertainty, driving the need for the Clarity Act.

“We want to make sure people know the rules of the road and can abide by it,” Atkins said, emphasizing the SEC must work closely with…

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Bitcoin (CRYPTO: BTC) has shed almost 50% of its value from its top last October and plummeted below its November 2024 price.

The $2.7 Billion Liquidation Flush

According to Wintermute, the sell-off in early February triggered more than $2.7 billion in liquidations, marking Bitcoin’s steepest drawdown since 2022.

The move was followed a string of macro catalysts: Kevin Warsh’s nomination as Federal Reserve chair, weak “Magnificent Seven” earnings, including a 10% drop in Microsoft, and a sharp correction in precious metals.

After several sessions of consolidation, markets rotated decisively into risk-off mode.

Wintermute described the selling pressure as structural:

AI Trade Drains Crypto… Read more on Benzinga

Cardano (CRYPTO: ADA) founder Charles Hoskinson says blockchain-powered dating apps like Tinder could unlock 2-3 billion users.

The Blockchain Tinder Vision

Hoskinson told CoinDesk at Consensus Hong Kong on Wednesday that he wants Tinder running on a blockchain where users can prove properties like height, income, and location while verifying profile pictures are real.

“I want to get to a point where video games are on it, a point where Facebook and other things run on this infrastructure,” Hoskinson said. 

“That’s what’s going to bring 2-3 billion people in and that’s what’s going to change everything,” he added.

The key is seamless integration. Hoskinson argued consumers…

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Robinhood Markets (NASDAQ:HOOD) shares are trading lower on Wednesday after the company reported fourth-quarter financial results after market close on Tuesday.

Analysts see the company’s product expansion as a positive, but guidance and spending remain concerns.

• Robinhood Markets stock is taking a hit today. What’s behind HOOD decline?

The Robinhood Analysts

Cantor Fitzgerald analyst Ramsey El-Assal maintained an Overweight rating on Robinhood with a price target of $310.

Needham analyst John Todaro reiterated a Buy rating, while lowering the price target from $135 to $100.

Cantor Fitzgerald on HOOD Stock

Robinhood reported mixed results with revenue missing analyst estimates….

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