Class Action Targets xAI Over Alleged Grok Deepfake Images of Minors

The crypto market experienced a significant drop over the weekend, with Bitcoin falling over 7% to touch $75,500 before rebounding to over $78,000. This led to approximately $5 billion in liquidations, primarily affecting long positions.

A new report reveals a surge in violent attacks targeting cryptocurrency holders globally in 2025, with financial losses exceeding $40.9 million. Europe, particularly France, saw a significant rise in crypto-related violence, while Asia remained a high-risk zone for attacks.

Bitcoin treasury firm Strategy has bought 855 BTC at an average price of $87,974 each. Its total holdings now amount to 713,502 BTC, currently worth $55.6 billion. The firm's average purchase price per Bitcoin was $76,052 as of February 1, 2026. The price of Bitcoin briefly dipped below that level to lows of $74,592 Monday morning, per CoinGecko data.

Justin Sun plans to add $50 million to $100 million worth of bitcoin to Tron's holdings, aiming to make a strategic purchase compared to other digital asset treasury companies facing losses. Binance also announced a $1 billion bitcoin purchase for its user protection fund.

Binance has transferred around $100 million worth of bitcoin from a hot wallet to its Secure Asset Fund for Users (SAFU), part of its plan to restructure the user protection reserve. The on-chain transfer was direct, indicating an internal treasury reclassification.

Bitcoin's price crash has caused spot ETF investors to face an average loss of 15%, potentially leading to panic selling if the market remains unstable. The crash has resulted in a paper loss of about $13,400 per BTC for investors who bought at an average of $90,200 per BTC.

Jupiter announced a partnership with Polymarket to bring prediction markets to the Solana network, aiming to enhance its on-chain predictions hub. The $35 million investment from ParaFi Capital will boost Jupiter's development of on-chain financial infrastructure, settling in JupUSD.

CrossCurve, formerly EYWA, identified ten Ethereum addresses linked to a hack of its token transfer system due to a smart contract exploit. The exploit resulted in estimated losses of around $3 million across multiple networks.

Bitcoin has experienced a significant selloff, causing it to fall over 10% from its weekend high to $75,947. The selloff has led to a large CME futures gap, with various macroeconomic and geopolitical factors contributing to the market volatility.

A UAE-backed entity agreed to purchase a 49% stake in Trump-linked crypto firm World Liberty Financial for $500 million before Trump's inauguration. The deal involved Eric Trump and Sheikh Tahnoon bin Zayed Al Nahyan, making the UAE entity the firm's largest outside shareholder.