Balaji, former CTO of Coinbase and general partner of A16z, published an article on the X platform stating that a fiat currency crisis has begun, and Bitcoin's core value proposition lies in its resistance to censorship. Balaji argues that while gold has value in highly organized countries, it also faces the risk of being tracked and confiscated. In contrast, digital gold (and cryptocurrencies), represented by Bitcoin, possesses invisibility, internationalization, immediacy, and internet-native attributes, surpassing physical gold in terms of transportability, programmability, and verifiability. Balaji points out that as gold prices rise, the taxation or confiscation of physical gold will increase. He predicts that Eastern countries like China may revert to a gold standard, a digital gold standard, or a hybrid of both, while the internet will replace the US dollar with digital gold and cryptographically verifiable digital assets. Furthermore, Balaji advises investors to consider withdrawing from G7 countries and other regions highly dependent on the US dollar amid the deepening sovereign debt crisis, emphasizing that in the current environment, geographical location is more important than asset allocation.

New Jersey Governor Mikie Sherrill has declared an energy cost emergency in response to soaring electricity prices, according to Jin10. This move fulfills a campaign promise and serves as a warning to utility companies across the United States. The surge in electricity costs is attributed to the increasing demand on the power grid from artificial intelligence data centers. Residents in New Jersey are experiencing higher electricity price hikes compared to most other regions. To address this, Sherrill has introduced a series of measures, including direct subsidies funded by the state government to offset the rising costs. Additionally, she has instructed regulatory bodies to pause or modify utility companies' investment plans and to review their business models. With gubernatorial elections set to take place in several U.S. states in 2026, New Jersey's actions may inspire similar measures elsewhere. For utility investors focused on AI growth narratives, such interventions are emerging as significant political risks.

Bitcoin's electricity cost metric is raising concerns for bullish investors, with a potential 'miner exodus' contributing to a bearish outlook. According to Cointelegraph, the cryptocurrency could see its value drop toward the $59,000–$74,000 range, which aligns with the estimated costs of mining a single Bitcoin. As of January, the average electricity cost to mine one Bitcoin is approximately $59,450, while the net production expenditure stands at about $74,300, based on data from Capriole Investments, a crypto-focused hedge fund. Bitcoin was trading at around $82,500 on Friday, remaining above the miners' estimated costs. However, many miners can continue operations even if the price falls below the average cost. The market has room to decline toward the $74,300–$59,450 zone before miners experience significant financial strain, according to Charles Edwards, founder of Capriole Investments. Edwards highlighted the ongoing 'Bitcoin miner exodus' as a factor contributing to the bearish outlook. The hash rate for Bitcoin dropped to mid-2025 levels at the end of January, with some analysts suggesting that miners may have shifted resources to power AI operations, while others attributed the decline to the US winter storm. Despite the hash rate dips, Bitcoin has historically rebounded, as noted by Jeff Feng, co-founder of Sei Labs. When miners shut down, the network adjusts by lowering mining difficulty over time, making it easier and cheaper for remaining miners to earn Bitcoin, thus stabilizing the network. Following China's 2021 mining ban, the hash rate fell by about 50%, causing Bitcoin's price to drop from approximately $64,000 to $29,000. However, the price recovered to $69,000 within five months. As of Friday, Bitcoin's fair price was estimated at around $120,950, based on its energy value—a metric that calculates Bitcoin's fair value using the network's energy and production inputs. Historically, Bitcoin tends to climb back toward its energy value after a prolonged downtrend, suggesting that the price could bottom anywhere from $74,300 to $59,450, with any rebound potentially triggering a mean-reversion move toward the energy value price.

Bitcoin miners are showing signs of migration due to rising electricity costs and declining hashrate. Data shows that the average electricity cost to mine a single Bitcoin is currently around $59,450, with net production costs around $74,300. Although Bitcoin is trading at around $82,500, higher than the average miner cost, Charles Edwards, founder of Capriole Investments, says the market still has room to fall to the $74,300 to $59,450 range. Furthermore, Bitcoin's hashrate dropped to a mid-2025 level at the end of January, which analysts believe is related to miners reallocating resources to AI projects and winter storms in the US. According to energy value models, Bitcoin's current fair value is around $120,950. Jeff Feng, co-founder of Sei Labs, stated that network difficulty adjusts after a hashrate decline, and historically, Bitcoin has typically reverted to its energy value after a prolonged decline. (Cointelegraph)

1. Bhutan's sovereign wealth fund Aave's loan health ratio has fallen to 1.15; 2. Czech central bank governor: Understand BTC, don't fight the future; 3. Spot gold has returned to the $5,100 mark; 4. Spot silver has returned to the $100 mark; 5. The Bhutanese government transferred 100.82 BTC, worth $8.31 million, to QCP Capital; 6. pension-usdt.eth shorted 30,000 ETH with 3x leverage after making a profit of $2.7 million; 7. Bitcoin's market capitalization has fallen out of the top 10 global assets, currently ranking 12th; 8. The Hong Kong Securities and Futures Commission added "R-Coin Wallet/R-Wallet/聚满金" to its list of suspicious virtual asset trading platforms; 9. Binance Futures will launch Intel and Robinhood U-based perpetual contracts; 10. Musk is reportedly planning to advance space computing power.

According to GMGN data, MOLT, the Base Chain ecosystem token, saw its intraday price surge by over 460 times, pushing its market capitalization above $40 million. It is currently valued at approximately $38 million. Odaily reminds users that the token price is highly volatile, and investors should be aware of the risks.

Cryptocurrency, the Black and White of Cryptocurrency Criminal Cases: What Crime Should Investigators Be Charged with "Stealing Cryptocurrencies"? Golden Finance: How Can Investigators Ensure Integrity in Their Official Conduct During Case Handling?

null source: https://x.com/decryptmedia/status/2017197446959353941

Bitcoin’s recent underperformance relative to gold is becoming a growing frustration for crypto investors, even as the broader macro environment appears supportive for digital assets. source: https://cryptonews.com/news/liquidity-not-rates-is-holding-bitcoin-back-as-gold-absorbs-safe-haven-flows-kraken-economist-says/

Bitcoin’s crash to a nine-month low, coupled with growing uncertainty about macroeconomic policy, catalyzed $817 million in ETF outflows. source: https://decrypt.co/356458/bitcoin-etfs-shed-817m-as-btc-hits-nine-month-low

Analysts point to tight liquidity and a broad risk pullback as BTC fell toward $81,000 and U. S. crypto ETFs saw over $1 billion in outflows. source: https://www.theblock.co/post/387811/bitcoin-slides-below-83k-as-wall-street-pulls-over-1b-from-crypto-etfs-after-fed-pause?utm_source=rss&utm_medium=rss

The UK’s Advertising Standards Authority banned a Coinbase ad campaign after finding it suggested cryptocurrency could ease cost-of-living pressures while downplaying investment risks. The ruling covered a two-minute video and three posters that used humour and satire, which the regulator said could mislead inexperienced investors.

Kazakhstan is turning confiscated cryptocurrency into state-backed digital wealth, using assets seized from criminals to fund its newly announced national crypto reserve.

Market volatility is never short of explanations, and most are merely hindsight comforts. This morning's market fluctuations were explained as being related to Warsh's impending nomination as Federal Reserve Chairman.

Europe is moving ahead with a digital euro to reduce reliance on foreign payment systems, which are seen as a long-term risk. The ECB plans a pilot in 2027 and full rollout around 2029 to provide a public digital alternative alongside cash and keep banks central to payments.

Bitcoin slid to a nine-month low of $81,058 early Friday, triggering a brutal wave of forced liquidations as traders rushed to de-risk amid mounting geopolitical tensions, fresh tariff threats from the White House, and renewed anxiety around the tech and AI sectors.

Hyperliquid founder Jeff Yan shared his career journey and profound insights into crypto trading.

With gold and silver prices continuing to hit new highs, Trade.xyz's daily trading volume approaching $2 billion, and Binance launching TSLA perpetual contracts with almost no hesitation, the trend can no longer be ignored.

This article, through historical depth and financial practice, reveals a more chilling truth: capital flight is not a systemic failure, but a highly rational economic warfare behavior.

Why did HYPE surge? Over the past 3 days, HYPE has become one of the best-performing tokens.