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Plus: Big liquidations rock traders after US jobs report

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GM. Crypto news tends to ferment quickly, much like forgotten fruit at the back of the fridge.

Let's bottle the good ones:

🍍 Crypto market shaken by US jobs data;

🚦 UK cracks down on crypto;

🍋 MetaMask now supports Bitcoin, Ripple tests USD stablecoin + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $2.96T -1.79% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $87,155.94 -0.50% -4.47%
Ethereum Ethereum ETH $2,926.29 -3.28% -7.21%
BNB BNB BNB $869.73 1.09% -2.34%
XRP XRP XRP $1.93 -0.64% -7.68%
Prices as of 11:00 AM EST. Click here to see live data.

Ever open 10 browser tabs and forget what you were looking for? That's kind of what's happening in crypto today - lots going on, not much clarity.

The latest US jobs report dropped, and at first glance, it looked solid: job growth came in stronger than expected = a sign the economy isn't rolling over.

But then came the fine print...

Unemployment climbed to its highest level since 2021, and wage growth barely budged.

That combo matters because wages and employment trends feed directly into inflation, aka the Fed's main obsession.

And that's where the debate started:

👉 Strong hiring suggests the economy can handle current interest rates, which would argue for keeping them steady;

👉 But rising unemployment and sluggish wage growth point to a cooling labor market, easing inflation pressure and reopening the door for future rate cuts.

Two signals. Opposite directions. No clear answer.

Markets hate that.

Bitcoin price chart from BitDegree, 12-16

Source: BitDegree

Crypto felt the uncertainty almost immediately:

👉 Prices slipped just enough to knock out over-leveraged traders, triggering a bunch of forced liquidations - ~$500M flushed out in 24 hours.

Bitcoin dipped, Ethereum took a harder hit, and volatility increased.

But this wasn't panic selling. Once the leverage got cleared, prices stabilized, and the market found its footing again.

So where does that leave us?

Crypto's in wait-and-see mode. One eye on the Fed, the other on upcoming economic data. Until the numbers point clearly in one direction, traders aren’t rushing to make big bets.

Translation:

Seatbelt on. Engine running. Waiting for the next signal 🛣️

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🚨 AIRDROP ALERT

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"Uhhh... guys?.. I missed the Ogvio email submission window," - also you, maybe.

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🥝 Memecoin harvest

Coins that are playing Black Eyed Peas - Pump It.mp3 🎶

Data as of 10:35 AM EST.

Check out these memecoins and plenty more here.

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🚦 UK cracks down on crypto

Ever tried planning a group trip where everyone has opinions, but nobody wants to drive?

That's basically how UK crypto has felt - a lot of energy, but only partial rules (mainly around financial promotions and financial crime/AML stuff).

... But they just grabbed the steering wheel.

The Financial Conduct Authority (aka FCA) (aka the UK's main financial watchdog) has launched a major consultation on what the UK's full crypto rulebook should look like.

FCA's tweet about their crypto plans

Source: @TheCFA

And this isn’t a quick "thoughts?" email; they're digging into the whole stack:

👉 Exchanges & trading platforms;

👉 Market abuse rules (insider trading / manipulation);

👉 Staking;

👉 Crypto lending & borrowing;

👉 And yes, even DeFi.

Translation: if you run a crypto exchange, offer staking rewards, or lend/borrow digital assets… "move fast and wing it" is about to get a lot harder.

The comment window is open until Feb 12, 2026 - and the FCA says it aims to land final rules and guidance in 2026, ahead of the government's timeline where full regulation is expected to start in October 2027

One important reality check, tho': the FCA stresses that regulation won't (and shouldn't) remove all risk - it's about making sure people take risks with their eyes open, not blindfolded.

Blindfolded meme from Bird Box

So if you're holding tokens or thinking about staking, don't read this as "crypto = bank now."

Read it as: the UK just wants crypto to have clearer rules, fewer grey zones, and fewer "sorry bro" moments.

The global conversation is switching from "Is crypto real finance?" to "Okay, what version of real finance do we want it to be?"

In other words, crypto is maturing. And once the grown-ups show up, the game changes.

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🍋 News drops you can't miss

🦊 MetaMask added support for Bitcoin, so you can send, receive, buy, and swap BTC without leaving the app. This went live today.

💵 Ripple's testing RLUSD, its new USD-backed stablecoin, on Layer-2 chains like Optimism, Base, Ink, and Unichain. They're using Wormhole's NTT system to get everything running before a full launch next year.

📧 Cloudflare says 5.6% of last year's emails were hiding something bad. 1 in 20 was basically a threat. Not the Daily Squeeze, though, we promise.

🧑‍⚖️ During Trump's time, the SEC dropped or closed about 60% of its crypto cases, which is way more than with other securities. Since January, a lot of crypto investigations have been shut down.

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🍌 Juicy memes

Meme about a cat’s disastrous start in trading, leading to quick failure.

Source: @Trader_Theory

Meme about the humor of stereotypical single male living situations.

Source: @AltcoinGordon

Meme about comparing the effects of various substances on people's eyes.

Source: @dogeofficialceo

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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