Bitcoin is trading around $67,000 ahead of U.S. unemployment data and renewed fears of a potential government shutdown.

The meme coin sector dropped 5.7% in a single day to $31.8 billion.

Trader Commentary:

Crypto trader Jelle said Bitcoin briefly broke local highs before reversing and drifting back toward recent lows. For now, he prefers patience, waiting for clearer conditions before re-entering.

Trader Michael van de Poppe noted the importance of unemployment data, with Bitcoin hovering near what could become a higher low.

If unemployment rises, he expects bond yields to fall, increasing pressure on the Fed to cut rates.

In that scenario, gold and silver could see a short-term dip before…

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Raghav Chadha, a member of India’s upper chamber of Parliament, urged the government to establish a regulatory framework for cryptocurrencies and stablecoins in the country.

India’s Crypto Policies Under Scanner

In a speech in the Parliament on Monday, Chadha highlighted what he viewed as the paradox of taxing cryptocurrency gains at 30% without legal recognition, investor protections, or anti-money laundering frameworks.

“India taxes VDAs [virtual digital asset] like they are legal. But regulates it like they are illegal,” Chadha said.

Can Clear Regulations Unlock Billions?

India imposes a 30% flat tax on income from the transfer of virtual digital assets, including cryptocurrencies…

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Galaxy Digital Inc. (NASDAQ: GLXY) CEO Mike Novogratz has forecasted a major transformation in the cryptocurrency sector, moving away from speculation.

Speaking at the CNBC Digital Finance Forum on Tuesday in New York City, the CEO stated that the future of crypto involves “real world assets with much lower returns.” He added that tokenized stocks are likely to have a distinct return profile compared to traditional assets.

The CEO cited Bitcoin’s 22% drop in November 2022 after the FTX collapse as a “breakdown in trust.” He also referenced the October 2025 crash, saying the event devastated retail investors and market makers while exacerbating downward price pressure.

Novogratz…

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David Marcus, co-founder and CEO of Lightspark, said on Tuesday that Bitcoin (CRYPTO: BTC) is superior to gold, and the federal government should consider rotating a small portion of its bullion reserves into the apex cryptocurrency.

Marcus’ Bold Suggestion

During an interview with Bloomberg TV, Marcus said he’s all for selling gold to buy Bitcoin for the Strategic National Reserve.

“Bitcoin is so much better than gold. Come on. Like, it’s like it’s a no-brainer,” the former PayPal president stated.

Marcus, however, advised a slow and deliberate approach to this transition.

“The government should potentially rotate a very, very tiny slice of its gold reserves into Bitcoin…

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Ark Invest CEO Cathie Wood said Tuesday she has joined the advisory board of LayerZero (CRYPTO: ZRO), a cross-chain interoperability protocol she views as critical in driving a “multi-decade shift” to on-chain finance.

Wood Relishing New Opportunity

Wood said in an X post that the stint marks her first advisory board role “in a long time” and no “better opportunity” could have come along.

“Finance is moving on-chain, and I believe LayerZero will be one of the core innovation platforms supporting this multi-decade shift,” the veteran investor said.

Tether Makes ‘Strategic Investment’

Tether recognized LayerZero’s role in enabling cross-chain movement of USDT, the…

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With a slew of marquee sporting events lined up for the year, Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vlad Tenev voiced optimism on Tuesday about the firm’s prediction markets business.

A Big Year For Sports-Based Prediction Market?

During Robinhood’s fourth-quarter earnings call, Tenev revealed that NBA contracts had surpassed the NFL in trading activity on the company’s prediction market platform, despite industry-wide concerns that the end of the 2025 football season would drag down trading activity.

With the Winter Olympics underway, the FIFA World Cup and the March Madness on the horizon, Tenev anticipated a strong year for sports-related contracts.

“I think we’re just…

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Binance (CRYPTO: BNB) founder Changpeng “CZ” Zhao recounted his experience in a U.S. prison in an interview aired Tuesday, shedding light on the system’s inner workings and racial dynamics.

CZ’s Prison Life

During the All-In podcast with Chamath Palihapitiya, CZ said that while it was “a really bad experience overall,” he never encountered physical harm, fights or extortion threats.

“A bunch of the big media wrote that I’m going to be the richest person to ever go to a U.S. prison,” CZ added. So, given the high-profile coverage, you’re probably the biggest target for potential extortion in prison. So your safety is going to be an issue. So, that’s the thing I was…

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