LATEST: ⚡ Tether has launched a new open-source Bitcoin mining operating system called MiningOS, saying its goal is to make mining infrastructure more open, modular and accessible.
BlackRock's IBIT Suffers Record $521.7 Million Outflow as Bitcoin Slides A historic capitulation has hit the world's largest Bitcoin fund. In a stunning reversal for the asset class, BlackRock’s iShares Bitcoin Trust (IBIT) has recorded a net outflow of $521.7 million in a single trading session. This figure marks the largest daily withdrawal since the ETF's highly anticipated launch in January 2024, signaling a massive retreat by institutional investors. Institutional Exodus The unprecedented sell-off ends a period of dominance for IBIT, which had previously shattered records for the fastest growth in ETF history. The $521.7 million exit is part of a broader trend of "de-risking" across the crypto market, as institutional confidence appears to be shaking amid falling prices and macroeconomic uncertainty. Market Impact * The Scale: The outflow contributes to a wider market bleed, with total U.S. spot Bitcoin ETF outflows topping $817 million on Wednesday alone. * The Price: The aggressive selling pressure has forced Bitcoin to break critical support levels, crashing to 9-month lows near $81,000. * The Sentiment: Analysts suggest this "structural de-risking" reflects fading risk appetite, with the "Crypto Fear & Greed Index" plunging into "Extreme Fear" territory. This record outflow serves as a grim milestone for the current cycle, raising questions about whether the "institutional wall" of money is beginning to crack.
Bitcoin Bulls Defend Support: Is a Reversal Imminent? Bitcoin is fighting to stage a recovery, flashing a massive "long lower wick" on today's candle—a classic technical signal that aggressive buyers are stepping in to absorb selling pressure. The Setup: * The Defense: The market is currently attempting to reclaim a critical support zone, showcasing clear demand at the lows. * The Trigger: All eyes are on the daily close; regaining the $85,000 level is key to confirming a reversal. * The Target: If this reclaim holds, the door reopens for a push back toward $93,000.
Trump Taps "Central Casting" Pick Kevin Warsh for Fed Chair, Signaling Rate Cuts Without "Pressure" Washington, D.C. — President Donald Trump officially announced on Friday, January 30, 2026, that he will nominate former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as Chair of the Federal Reserve. The nomination marks the culmination of a months-long pressure campaign against current Chair Powell, whom Trump has frequently criticized for keeping interest rates too high. In a post on Truth Social, Trump praised Warsh as a candidate straight out of "central casting," predicting he "will go down as one of the GREAT Fed Chairmen, maybe the best". A Shift in Policy Without the "Pressure"? The announcement carries significant implications for monetary policy. While Trump has been vocal about demanding lower rates, he told reporters on Friday that he did not explicitly ask Warsh to commit to cuts as a condition of the job, calling such a request "inappropriate". This aligns with the sentiment that Warsh may deliver the desired "easier money" policy naturally, without requiring direct pressure from the White House. Warsh, traditionally viewed as a monetary "hawk" during his previous tenure at the Fed (2006–2011), has recently aligned himself more closely with Trump's economic vision. In recent months, he has argued that the administration's deregulatory agenda and focus on productivity would lower inflation, creating room for the central bank to cut rates aggressively. Market Reaction and the Path Ahead Investors reacted cautiously to the news, with stocks dipping and long-term bond yields rising as markets digested the potential for a new regime at the central bank. Analysts note that while Warsh is seen as credible, his recent pivot toward supporting rate cuts will be scrutinized during Senate confirmation hearings. If confirmed, Warsh would take the helm in May 2026, tasked with navigating a complex economic landscape where the President has made his preference for "substantially lower" interest rates unmistakably clear.