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A dual national of China and St. Kitts and Nevis has been sentenced to 20 years in US federal prison for orchestrating a global cryptocurrency scam that stole more than $73 million from victims, many of them American investors.Forty-two-year-old Daren Li received the statutory maximum sentence in the Central District of California, along with three years of supervised release, according to a statement issued Tuesday by the US Department of Justice (DOJ).Prosecutors said Li and at least eight co-conspirators established spoofed domains and websites resembling legitimate trading platforms to promote fraudulent crypto investments after gaining victims’ trust, a scheme known…

Speaking on CoinDesk Live at the Ondo Summit in New York City, former House Financial Services Chair Patrick McHenry and White House advisor Patrick Witt said a sweeping crypto market structure bill could pass within months.Latest developments: Optimism is rising across Washington and industry.McHenry and Witt discussed the growing momentum for landmark crypto legislation, even as debates intensify over yield, DeFi, and ethics.McHenry predicted a finalized market structure bill could reach the president’s desk by Memorial Day.Witt said President Trump has personally prioritized the legislation following passage of the Genius Act.Inside the White House push: Negotiations are narrowing.Witt said a…

Aave (AAVE) is currently trading at $112.10, showing a modest decline of 0.12% over the past 24 hours. With the token positioned near its lower Bollinger Band and displaying oversold conditions, technical indicators suggest a potential reversal could be on the horizon. AAVE Price Prediction Summary • Short-term target (1 week): $116-$118 • Medium-term forecast (1 month): $120-$130 range• Bullish breakout level: $125 • Critical support: $108.59 What Crypto Analysts Are Saying About Aave While specific analyst predictions from key opinion leaders are limited for the current period, historical forecasts from late January 2026 targeted AAVE prices between $190 and…

Ethereum domain name service provider ENS has canceled plans to launch a layer 2 as part of its ENSv2 upgrade, instead opting to launch a revamped protocol directly on Ethereum. In a blog post on Friday, ENS lead developer nick.eth explained that the decision was partly due to a “99% reduction in ENS registration gas costs over the past year” amid a number of important upgrades to the Ethereum network.“Put simply: Ethereum L1 is scaling, and it’s scaling faster than almost anyone predicted two years ago. The recent Fusaka upgrade raised the gas limit to 60 million, a 2x increase from…

Ripple’s XRP is navigating a critical technical juncture as it trades at $1.43, showing modest gains of 2.26% in the past 24 hours. With mixed technical signals emerging from key indicators, traders are closely watching whether XRP can break above immediate resistance levels or face further downside pressure. XRP Price Prediction Summary • Short-term target (1 week): $1.47-$1.50 • Medium-term forecast (1 month): $1.35-$1.55 range • Bullish breakout level: $1.50 • Critical support: $1.35 What Crypto Analysts Are Saying About Ripple While specific analyst predictions are limited in recent market commentary, on-chain metrics suggest XRP is in a consolidation phase.…

CoinDesk is hosting its second annual Consensus Hong Kong conference, and as always, we’ll have a number of policy-focused sessions. Are you in town? Find me on stage or around the show floor and say hi!You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeCoinDesk’s annual Consensus Hong Kong conference will kick off this Wednesday with a speech from Hong Kong Chief Executive John KC Lee.Why it mattersHong Kong is playing an interesting role in the intersection of financial services between the global East and…

Retail investors are scrutinizing the crypto market for signs that it may have bottomed out to gauge when to buy more crypto assets, according to crypto sentiment platform Santiment.“Retail traders are trying to meta-analyze the market, looking for signs of others quitting to time their own entries, which often happens near bottoms,” Santiment said in a report on Saturday.Santiment has linked this to the word “capitulation,” which has become a top-trending crypto term on social media, according to the platform’s data. Source: CryptoQuantThe term describes investors selling their holdings out of fear that the market won’t recover, a scenario that…

CRV Price Prediction Summary • Short-term target (1 week): $0.27-$0.28 • Medium-term forecast (1 month): $0.30-$0.34 range• Bullish breakout level: $0.32 • Critical support: $0.22 What Crypto Analysts Are Saying About Curve Recent analyst coverage suggests cautious optimism for CRV’s near-term prospects. Joerg Hiller forecasted on February 5, 2026: “CRV price prediction shows potential recovery from extreme oversold conditions at $0.26, targeting $0.30-$0.34 range as Curve battles critical support levels amid bearish momentum.” Earlier in the week, Tony Kim provided additional context: “CRV price prediction shows potential recovery from oversold levels, with analysts targeting $0.39 short-term and $0.40-$0.46 medium-term as…

Nasdaq-listed Forward Industries (FWDI) is uniquely positioned to consolidate the beaten-down digital asset treasury space because it carries no corporate debt and is completely unlevered, giving it room to play offense while peers retrench, according to Ryan Navi, the company’s chief investment officer. “Scale plus an unlevered balance sheet is a real advantage in this market. We can play offense when others are playing defense,” Navi told CoinDesk in an interview.”Forward Industries has strategically avoided leverage and debt by design, giving us the flexibility to responsibly deploy leverage when market opportunities arise, Navi said. “The foundation we’ve built for Forward…

Key takeaways:Bitcoin’s derivatives signal caution, with the options skew hitting 20% as traders fear another wave of fund liquidations.Bitcoin price recovered some of its Thursday losses, but it still struggles to match the gains of gold or tech stocks amid low leverage demand.Bitcoin (BTC) has gained 17% since the $60,150 low on Friday, but derivatives metrics suggest caution as demand for upside price exposure near $70,000 remains constrained. Traders fear that the liquidations of $1.8 billion of leveraged bullish futures contracts in five days indicate that major hedge funds or market makers may have blown up. Aggregate liquidations in Bitcoin…