Coindesk

Crypto exchange Bitpanda said it secured a markets in crypto assets license (MiCA) from the German Federal Financial Supervisory Authority (BaFin).The crypto asset service provider license will enable the exchange to operate across the European Union's 27 nations. The Austria-based company had 6 million users in December and will use the license to accelerate its growth, it said. "This milestone enables us to bring easy and safe investing to over 450 million people, unlocking unparalleled growth potential in a market we're ready to fully conquer," Eric Demuth, CEO and co-founder, said in the statement. The company joins Boerse Stuttgart Digital, which was awarded the first license by the German regulator. MoonPay, BitStaete, ZBD and prime brokerage and clearing company Hidden...

Bullish bets on higher crypto prices lost $770 million in the past 24 hours as bitcoin fell under $100,000, leading to some majors rapidly losing momentum in a bloody start to the week.Solana’s SOL and dogecoin (DOGE) dropped more than 10% to lead losses among majors, while ether (ETH), BNB Chain’s bnb, xrp (XRP) and Cardano’s ADA fell as much as 9%. Overall market cap fell 8.5% as of Asian afternoon hours Monday.Tokens outside of the top twenty and across different sectors showed similar woes, with memecoin pepe (PEPE), layer 1 upstart Aptos (APT), Gate.io’s GATE and AI Agent creation platform Virtuals (VIRTUALS) losing as much as 18%.Jupiter’s JUP was the only token in green with a 3.5% gain over...

Bitcoin (BTC) dropped to under $99,000 early Monday as traders took profits ahead of the first U.S. FOMC meeting this year, scheduled for later this week, and China-based AI stalwart DeepSeek impacted U.S. tech sector sentiment.Traders expect no indications of a rate cut at the two-day FOMC meeting scheduled for Jan. 28 to Jan. 29, which has typically impacted bitcoin prices as investors either prefer or move away from risk assets.“U.S. economic data shows that there may be less need for a federal interest rate cut in the near term,” Ben El-Baz, managing director of HashKey Global, told CoinDesk in a Telegram message. “Concerns over trade wars and tariffs linger, but a bullish sentiment remains strong as MicroStrategy and Trump's...

Bitcoin (BTC) may drop to $75,000 should it trigger a so-called 'double top' bearish reversal pattern.A double top comprises two consecutive peaks at approximately the same price, with a trendline drawn through the low point between these peaks. The failure to break above the previous peak, followed by a subsequent decline, suggests that the uptrend is losing momentum. So, an eventual breakdown of the horizontal trendline support, the double top neckline, is said to confirm a bullish-to-bearish trend change.BTC has pulled back to $100,000 at the time of writing, having failed to maintain a foothold above the December high last week. In other words, BTC looks to have formed a double top, with neckline support positioned around $91,300. A UTC...

Artificial Intelligence (AI) tokens are in the red during the Asia morning trading hours, with the CoinGecko category down 9%, registering bigger losses than the CoinDesk 20 – a crypto index – which is down 5%.Crypto investors, like their traditional finance counterparts, are likely digesting the impact that DeepSeek, a new AI model, is having on the industry.Data from DeepSeek posted on Hugging Face, a forum of the AI industry, shows that its model outperforms OpenAI, all while being built on a budget of $6 million and a fraction of the Graphics Processing Units (GPUs) that OpenAI uses – which recently closed a $6.6 billion round with a valuation of over $157 billion.Perhaps most concerning to the perpetual GPU bulls...