SpaceX&#8217;s expansion into direct-to-device internet and new tech markets could 
significantly boost its valuation ahead of a potential IPO.
The post Musk&#8217;s SpaceX plans Starlink phone and direct-to-device internet as 
IPO nears: Reuters appeared first on Crypto Briefing.

Musk’s SpaceX plans Starlink phone and direct-to-device internet as IPO nears: Reuters

Bitcoin falls to $67K as $1.4B in liquidations, $800M in BTC ETF outflows, and 
crypto stock losses hit markets.
The post Bitcoin crashes to $67K erasing gains since 2021 as liquidations top 
$1.4B appeared first on Crypto Briefing.

Bitcoin crashes to $67K erasing gains since 2021 as liquidations top $1.4B

The price of bitcoin has slipped beneath the $70,000 threshold and, over the 
past 30 days, has given up 26% against the U.S. dollar. This retreat has sent 
both crypto cheerleaders and critics racing to social media, each eager to 
offer their own take on what’s driving bitcoin’s latest pullback. Bitcoin 
Stumbles Again as Macro […]

Bitcoin’s $70,000 Line Breaks—and the Crypto Debate Erupts

Solana’s market looks like a tightly wound spring right now. Prices have been 
slipping while futures activity is picking up, and that gap is what traders 
are watching most closely. Related Reading: Russia’s Biggest Exchange To 
Launch XRP Indices And Futures It’s a setup that can keep losses rolling — or 
flip fast if a wave of short covering hits. Either way, the scene is driven 
more by bets than by steady buying. Derivatives Betting Intensifies According 
to reports, more futures contracts for SOL are being opened even as the price 
moves lower. That means fresh bets are being placed, not just old ones being 
closed. Funding rates for perpetual contracts have moved into negative 
territory. When funding is negative, those backing short positions are paying 
those on the long side. It’s a clear sign of bearish leaning in the 
derivatives market. Leverage A Big Part Of The Story Reports say many of these 
positions are sized up with leverage. Traders are piling on with borrowed 
exposure. That raises the odds of violent swings because margin calls can 
trigger cascades. A squeeze can happen quickly. If a piece of positive news 
appears or a large buyer steps in, those who are short may be forced to buy 
back, and that buying itself can push the price up fast. Price is going down. 
Open Interest is going up. Funding is going down.$SOL is getting heavily 
shorted here. pic.twitter.com/YuYAy9lzZ0 — Ted (@TedPillows) February 4, 2026 
Price Action Shows Weakness Across short-term charts — intraday and daily — 
SOL has been under pressure. Spot trading volume remains light, which makes 
every trade count more. Some traders are trimming risk because volatility in 
larger coins has spooked the market. In plain terms: fewer hands are willing 
to hold SOL at these levels, and that lack of real buying support keeps the 
downside pathway open. Volatility Could Swing Either Way This environment is 
speculative. High open interest plus negative funding is a bearish combo, but 
it also loads the market with risk. Covered shorts can unwind in a hurry. 
Liquidity gaps are where big moves start. The same factors that drive downward 
momentum can, under different circumstances, accelerate a rebound. Related 
Reading: Crypto Could Bounce Soon As Fundamentals Firm Up, Tom Lee Says Based 
on reports, the clearest signals to follow are changes in open interest, 
shifts in funding rates, and sudden spikes in spot volume or order book depth. 
Also watch news flow closely; a single announcement can change sentiment 
overnight. Risk management matters here. Size positions so that forced 
liquidations are avoidable. Featured image from Unsplash, chart from 
TradingView

Solana Price Drops, But Open Interest Signals Growing Activity

Gemini restructuring involves cutting 25% of staff, exiting UK, EU and 
Australia, focusing on US market and AI-driven platforms.
The post Gemini cuts 25% of staff and exits UK and EU markets amid ongoing 
crypto downturn appeared first on Crypto Briefing.

Cryptocurrency price in NOK