Weekly crypto news digest: VC debates, Tether’s new network, Bitcoin’s crash, Epstein’s early ties, a UAE investment deal, and Aragon’s ownership metrics. The postWeekly crypto news digest: VC debates, Tether’s new network, Bitcoin’s crash, Epstein’s early ties, a UAE investment deal, and Aragon’s ownership metrics. The post

VC Debates, Tether’s New Network, BTC Crash, and Epstein Ties

2026/02/10 00:06
9 min read

Crypto moves fast, and big stories appear every day. We track the noise and pull out what actually matters. Each week, we highlight the key events shaping the market and explain them in an easy way. No confusion. Just the facts you need to understand what’s happening right now. Our quick recap keeps you informed without wasting your time. Ready to catch up on the latest crypto headlines? Let’s get started!

VC Debates, Tether's New Network, BTC Crash, and Epstein Ties

Web3’s Identity Crisis Splits Top Crypto Investors

Crypto venture capitalists are openly clashing over a core question: can Web3 succeed beyond finance? A public debate between Chris Dixon of a16z crypto and Haseeb Qureshi of Dragonfly Capital exposed a growing divide over the future of decentralized apps. Both agree blockchain transformed payments. They disagree on whether the rest of Web3 has real demand.

Dixon argues that non-financial projects never received a fair chance. He points to scams, harsh regulation, and negative headlines that pushed away developers and users. He believes decentralized social media, digital identity, and gaming still offer strong long-term value. In his view, user ownership and censorship resistance remain unsolved problems that blockchain can address once the environment stabilizes.

Qureshi sees a different reality. He says many Web3 apps failed because they delivered weak products. According to him, most users did not reject blockchain because of fear. They left because the apps felt confusing and unnecessary. He argues real adoption requires tools that solve everyday problems better than existing platforms.

This disagreement shapes how funds deploy capital. Long-horizon investors like a16z support experimental ecosystems that may take a decade to mature. Others prefer faster revenue models tied to payments and financial infrastructure. The tension reflects a broader identity struggle inside crypto as the industry decides whether patience or proof of demand will define its next phase.

Tether Backs New Network Aiming to Fix Global Payments

Tether has placed a strategic bet on a new system designed to modernize how money moves across borders. The stablecoin issuer invested in t-0 network, a settlement platform built for banks and fintech firms that want faster international transfers without the friction of legacy rails.

The system lets institutions send funds in local currencies while settling final balances on-chain using USDT. This structure removes the need to lock capital in foreign accounts and reduces exposure to exchange rate swings. Participants connect through a single API that links a shared global ledger. The network matches offsetting flows before settlement, cutting costs and improving efficiency.

More than 30 licensed institutions already use the platform across over 1,200 currency corridors. The design stays non-custodial and limits access to regulated entities, which helps with compliance across jurisdictions. CEO James Brownlee says the goal is to make cross-border payments feel as simple as domestic transfers.

Tether CEO Paolo Ardoino views stablecoins as a natural bridge for global finance. He says institutions demand predictable fees, instant finality, and transparency, features that blockchain infrastructure can deliver at scale.

The partnership signals Tether’s push deeper into regulated finance. By anchoring transfers in USDT liquidity, the companies aim to create a faster alternative to correspondent banking networks that still dominate global settlements.

Bitcoin Shock Drop Sends Crypto Markets Into Freefall

Crypto markets faced heavy selling pressure after Bitcoin logged its sharpest one-day slide in over a year. The price fell more than 12% intraday, touching levels not seen since late 2024. The drop erased months of gains and triggered panic across digital assets.

The total crypto market value has shrunk by roughly $2 trillion from its October 2025 peak. Ethereum and major altcoins followed Bitcoin lower, posting steep weekly losses. Liquidations amplified the move. Data trackers showed close to $1 billion in leveraged Bitcoin positions wiped out within 24 hours. Forced selling accelerated the decline as margin calls cascaded through exchanges.

The selloff unfolded during a broader retreat from risk assets. Technology stocks also corrected, and crypto continues to trade in tight correlation with growth equities. Investors reacted nervously to signals of tighter monetary policy after President Trump nominated Kevin Warsh, known for hawkish views, to lead the Federal Reserve.

Institutional sentiment also weakened. Spot Bitcoin ETFs recorded large outflows in January, suggesting professional investors reduced exposure. Analysts warn that extended low prices could pressure miners and add supply to the market.

Many traders now debate whether the move marks capitulation or the start of a longer reset. Sentiment sits near multi-year lows as participants wait for macro clarity and signs of renewed liquidity.

Epstein Files Reveal Early Ties to Crypto Investments

Newly released U.S. Justice Department documents uncovered unexpected links between Jeffrey Epstein and early cryptocurrency ventures. The files show that in 2014 Epstein invested $3 million in Coinbase during a funding round that valued the exchange at roughly $400 million.

The purchase occurred through Epstein’s company after arrangements involving a venture fund collapsed. Emails indicate Coinbase leadership knew about the investment and communicated directly about meetings. Epstein later sold part of his stake back to intermediaries at a large profit as Coinbase’s valuation surged ahead of its 2021 public listing.

The disclosures also connect Epstein to Blockstream, a Bitcoin infrastructure firm. He gained exposure through a fund managed by Joi Ito, which briefly held a minority position. Blockstream CEO Adam Back responded publicly, stating the company cut ties months later and holds no financial connection to Epstein or his estate.

The revelations highlight how early crypto fundraising sometimes involved wealthy backers entering through private channels. While the sums represented a small slice of overall capital, the association raises questions about due diligence during the industry’s formative years.

Observers note that venture investing in emerging sectors often moves faster than traditional oversight frameworks. The documents now add another layer to the historical record of crypto’s early financing networks.

UAE Investment in Trump-Linked Crypto Firm Draws Attention

A $500 million deal between a UAE investment group and World Liberty Financial has sparked debate about the overlap of politics and digital assets. According to reports, representatives linked to Sheikh Tahnoon bin Zayed Al Nahyan acquired a 49% stake in the crypto venture associated with the Trump family.

Half of the payment arrived upfront, with large portions directed to entities connected to family members and co-founders. The remainder was scheduled for later settlement. Company representatives insist President Trump and Steve Witkoff played no operational role after entering government service. They say the transaction served business goals and followed normal private investment practices.

Sheikh Tahnoon holds major influence in Abu Dhabi as national security adviser and head of a sovereign wealth empire exceeding $1 trillion. His financial reach spans technology, defense, and global markets. The scale of the investment naturally drew scrutiny given ongoing diplomatic ties between the United States and the UAE.

Critics question whether such deals blur lines between policy and private enterprise. Supporters argue the purchase reflects confidence in crypto infrastructure and decentralized finance initiatives promoted by the company.

World Liberty Financial continues to operate under advisory leadership from family affiliates while expanding its governance token ecosystem. The situation illustrates how crypto ventures increasingly intersect with high-level geopolitics and global capital flows.

Aragon Introduces System to Measure Real Token Ownership

Aragon launched a new framework aimed at answering a question many crypto holders still ask: what does a token actually give you? The company released an Ownership Token Framework and a public dashboard that maps verifiable rights tied to major DeFi tokens.

At launch, the dashboard covers Uniswap, Curve, Lido, Aerodrome, and Aave. Each profile links smart contracts, governance paths, and value flows to documented evidence. The goal is transparency, not ratings. Aragon wants users to see whether ownership claims exist in code or rely on trust.

The initiative responds to a market flooded with tokens that promise influence or future revenue without clear enforcement. Aragon cites research showing millions of tokens collapsed in recent years. Many traded on narratives rather than provable mechanics.

CEO Anthony Leutenegger says smart contracts can enforce economic rights, but only if teams implement them properly. When control stays discretionary, holders depend on promises instead of code. The framework highlights on-chain authority, value accrual systems, auditability, and distribution structures.

Legal and governance experts reviewed the model to test how ownership functions after launch. Aragon stresses the tool does not offer investment advice. It simply documents whether rights exist and how they operate.

The dashboard may become a reference point as markets demand clearer standards around token design and accountability.

Playnance Opens Web3 Platform Built for Everyday Users

After five years of quiet development, Playnance has opened its Web3 infrastructure to the public. The company runs consumer apps that hide blockchain complexity behind familiar login flows. Users can sign up, transact, and withdraw funds without managing private keys.

The platform focuses on gaming, prediction markets, trading, and AI applications. Everything runs on PlayBlock, a proprietary gasless blockchain optimized for instant settlement. The design aims to remove friction that often keeps mainstream audiences away from crypto tools.

Playnance reports nearly 150,000 players across its ecosystem and more than 1.5 million daily on-chain transactions. Most users arrive without prior blockchain experience. The system handles wallet management in the background while remaining non-custodial.

The network economy runs on G Coin, a utility and governance token that powers transactions and rewards. Company executives describe the token as infrastructure rather than speculation. They built it to support activity across apps instead of acting as a passive asset.

Applications like Play W3 and Up or Down Predictions serve as entry points for new users. Accounts move seamlessly between services because all products share the same underlying wallet layer.

Playnance positions itself as a bridge between Web2 behavior and Web3 architecture, betting that simplicity will drive the next wave of adoption.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.

Tags: Bitcoin crypto world CryptoDaily FinancePolice web3
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