JPMorgan has revised downward its target price for Coinbase (COIN), cutting the estimate to $290 from $399, according to the latest analyst update.
The revision reflects a reassessment of market conditions and company-specific factors, and may influence short-term investor sentiment toward crypto-related equities.
Unverified claims circulating on social media allege that former President Donald Trump made remarks linking military action to a continued surge in Bitcoin prices. No official confirmation or credible source has substantiated these statements.
Despite the lack of verification, the rumor briefly impacted market sentiment, with Bitcoin experiencing short-term selling pressure amid heightened uncertainty.
Market participants are advised to rely on official statements and credible sources, as politically driven misinformation can trigger temporary volatility without underlying fundamentals.
U.S. Senator Marco Rubio warned that the global dominance of the American dollar is approaching a critical turning point, stating that within the next five years, the United States may lose its ability to effectively enforce sanctions through the dollar-based financial system.
Rubio’s remarks reflect growing concerns among U.S. policymakers about de-dollarization, geopolitical shifts, and the increasing use of alternative payment systems and currencies in international trade.
Federal Reserve Governor Christopher Waller stated that price declines in the cryptocurrency market are not unusual, noting that similar downturns have occurred in the past and that major corrections are a normal feature of emerging asset classes.
Reflecting on Bitcoin’s historical price evolution, Waller remarked that “years ago, if someone had said Bitcoin would reach $10,000, the reaction would have been disbelief,” highlighting how perceptions around crypto valuations have shifted over time.
CRYPTO AND BANKING SECTORS TO MEET TUESDAY OVER STABLECOIN REGULATION
The White House will host a second round of discussions on Tuesday, February 10, bringing together major banks and cryptocurrency industry representatives to address the regulatory framework for stablecoins.
According to sources familiar with the matter, officials aim to revisit unresolved issues—particularly whether crypto companies should be allowed to offer interest-bearing stablecoins—in an effort to reach a regulatory compromise.
Executives and representatives from major financial institutions, including Bank of America, JPMorgan Chase, and Wells Fargo, are expected to attend, alongside crypto industry leaders and trade groups representing firms such as Coinbase, Ripple, and Circle.
The meeting is intended to break the current legislative deadlock and support progress on the Clarity Act, a bill seen as central to establishing clearer rules for the digital asset sector.
🇺🇸 According to current congressional counts, House Democrats are reportedly two votes short of advancing impeachment proceedings against former President Donald Trump, with a potential decision window extending until March 31.
Comments attributed to Tether CEO Paolo Ardoino are circulating online, suggesting that recent crypto market conditions may be linked to actions by major exchanges, including Binance.
⚠️ Important clarification:
No verified quote confirms Ardoino directly blamed Binance
Tether has not issued an official statement assigning responsibility
Market conditions are influenced by liquidity, leverage, macro factors, and positioning, not a single actor
Claims circulating online allege that some Coinbase users are experiencing Bitcoin withdrawal delays, sparking speculation that the exchange may be facing liquidity constraints.
⚠️ Additional claims suggesting Coinbase “dumped BTC to buy back lower” are unverified and not supported by on-chain or official data.
Important context:
Withdrawal delays can occur due to network congestion, maintenance, or compliance checks
No evidence shows Coinbase is “out of Bitcoin”
Coinbase has made no statement confirming liquidity issues
BTC trading near $71,000 contradicts claims of a failed buyback narrative
At this stage:
❌ Insolvency claims → not proven
❌ Market manipulation claims → speculative
✅ User reports of issues → require verification
Until official confirmation or on-chain proof emerges, this should be treated as rumor, not fact.
Reports say Bithumb experienced a serious internal system glitch that caused its internal ledger to misrecord Bitcoin balances, temporarily treating non-existent BTC as real.
⚠️ Key clarifications:
No Bitcoin was created on the blockchain
The issue was internal accounting, not a Bitcoin network failure
Customer on-chain balances were not duplicated on Bitcoin itself
What’s being reported:
Bithumb’s system allegedly misaccounted for a large BTC amount due to a software/ledger failure
South Korean lawmakers are calling it a structural systems issue, not simple human error
Regulators are launching on-site inspections and considering sanctions.
Reports are circulating that the U.S. SEC is reviewing whether activity on Binance Futures may have contributed to a liquidation cascade on October 10, 2025.
At this stage, there is no official confirmation of wrongdoing or enforcement action. The review appears to be focused on market structure and mechanics, not accusations.