On February 5, 2026, Strategy reported a $12.4 billion net loss for Q4 2025, driven by mark-to-market declines on its Bitcoin holdings. Bitcoin briefly fell below $60,000, pushing the position under its cumulative cost basis for the first time since 2023, while the firm announced no new equity or debt alongside earnings.

MakinaFi has reportedly been hit by a security exploit that drained 1,299 ETH, valued at roughly $4.13 million, from the protocol. On-chain data shows the stolen funds were split between two Ethereum addresses, with part of the flow linked to an address tagged as an MEV builder, while the protocol has yet to publish a detailed post-mortem or mitigation plan.

U.S. Senator Cynthia Lummis has introduced a bipartisan standalone bill with Senator Ron Wyden to shield non-custodial blockchain developers from being treated as money transmitters under federal rules, as the Senate prepares to release and mark up its broader Digital Asset Market Clarity Act this week. The measure, which revives the Blockchain Regulatory Certainty Act, coincides with leaked draft provisions that would curb interest payments on passive stablecoin balances and with upcoming Senate Banking Committee and Agriculture Committee markups that could significantly shape future U.S. crypto and DeFi regulation.

Since December 1, Glassnode reports that entities holding 10,000–100,000 BTC offloaded or redistributed 36,500 BTC, roughly $3.4 billion, as Bitcoin struggled under $94,000. BTC traded around $92,250 (-0.2%) during the early Asian session Friday, while FX Leaders cited a 50% drop in stablecoin inflows since August, indicating thinner market liquidity.

The cryptocurrency market posted widespread losses on November 3, 2025, with AI tokens declining 4.8% over 24 hours. Bitcoin traded near $108,000 while Ethereum fell below $3,800. Virtuals Protocol and ChainOpera AI each dropped more than 10%, though Dash surged 33% and ICP gained 20% against the broader downturn.