Bitcoin filled one of two new futures gaps with a trip below $90,000 as analysis predicted a potential bottom level for the next BTC price cycle. Bitcoin (BTC) dipped below $90,000 Thursday as market participants see a classic short-term target coming next. Key points: Bitcoin dices with the 21-day moving average trendline as it fills open gaps in CME futures markets. Read more
YZi Labs is challenging CEA Industries’ newly adopted poison pill and bylaw changes, accusing the board of entrenchment and misrepresenting its commitment to a BNB treasury. Changpeng “CZ” Zhao-backed YZi Labs has escalated its campaign against CEA Industries over a newly adopted poison pill (a defensive tactic a company’s board uses to make a hostile takeover extremely difficult or expensive), and bylaw amendments that it claims are “stockholder-unfriendly” and intended to entrench the current board. The investment firm, backed by Binance founder CZ, outlined its objections in a Monday filing with the United States Securities and Exchange Commission (SEC) and in a parallel public X statement on Wednesday. YZi said it is reviewing CEA’s adoption of a shareholder rights plan and bylaw changes that affect shareholders’ ability to act by written consent. Read more
The largest corporate ETH holder started 2026 with a $105 million Ether purchase, while surpassing $2.87 billion in staked Ether, seeking to generate passive yield on its holdings. BitMine Immersion Technologies, the largest known corporate holder of ether, resumed purchases of the cryptocurrency in the new year, signaling continued confidence in Ethereum even as some analysts expect near-term price weakness. BitMine bought $105 million worth of Ether (ETH) in its first reported acquisitions of the new year, according to a Wednesday X post from blockchain data platform Arkham. The treasury company now holds 4.07 million Ether worth $12.6 billion, representing 3.36% of the ETH supply, according to data from the StrategicEthReserve. Read more
Officials told a parliamentary panel that private wallets, offshore exchanges and cross-border DeFi activity make tracking taxable crypto income difficult. Financial authorities in India have reiterated concerns over cryptocurrency transactions, warning they may complicate tax enforcement. India’s Income Tax Department (ITD), under the Central Board of Direct Taxes (CBDT), flagged major risks linked to crypto activity during a parliamentary standing committee on finance, The Times of India reported on Thursday. The warning came during a Wednesday parliamentary committee meeting involving multiple agencies, including the Financial Intelligence Unit (FIU), the Department of Revenue, and the CBDT, which discussed the report “A Study on Virtual Digital Assets (VDAs) and Way Forward.” Read more