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The darker side of crypto...

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Plus: Risk assets pull back across the board

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GM. Today's crypto news is loaded with juicy bits you won't wanna miss.

Let's see what's squeezed out:

🍍 Market's still disappointing;

🚓 Crypto criminal inflows;

🍋 Crypto PAC targets Texas Rep, new USDCBL stablecoin coming + more

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🍍 Market flavor today

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

 Crypto Market Cap: $2.28T -2.08% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $67,189.28 -1.01% -3.15%
Ethereum Ethereum ETH $1,957.93 -0.16% -3.30%
XRP XRP XRP $1.45 -1.69% 3.04%
BNB BNB BNB $613.24 0.52% -1.12%
Prices as of 11:00 AM EST. Click here to see live data.

Crypto chugged a quick shot of espresso today... and then immediately remembered it has a dentist appointment.

Bitcoin slipped back toward $67K, after failing (again) to reach the $70K level.

This was part of a broader pullback across risk assets: most of the top 100 coins traded red, with majors down 1% - 3% on the day.

Bitcoin price chart from BitDegree, 02-17

Source: BitDegree

And what triggered it? Macro. To be more specific, sticky interest rate expectations and fading hopes of near-term easing.

Basically, the "higher for longer" narrative is back on the menu.

And when traders think interest rates are staying high, they reduce exposure to risk assets. Crypto is still very much a liquidity trade.

Target rate probabilities, 02-17

Source: CME FedWatch

So today was a reminder that crypto still reacts to macro.

It still cares about liquidity.

And until Bitcoin clearly wins back $70K, the market is going to trade a little cautious.

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🥝 Memecoin harvest

These coins asked for directions to Andromeda 🌌

Data as of 09:23 AM EST.

Check out these memecoins and plenty more here.

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🚓 Crypto criminal inflows

Crypto is kind of like email in the 90s.

👉 At first, it was this magical thing. Instantly send something across the world.

👉 Then people realized... oh. Spam exists. Phishing exists. Scams exist.

The tech didn't change. Humans just started using it differently.

That's basically what this one recent report is showing - except instead of spam, we're talking about something way darker.

Blockchain analytics firm Chainalysis published new data showing that crypto flowing into networks linked to human trafficking increased about 85% in 2025 compared to the year before.

Let that sink in.

We're talkin' hundreds of millions of dollars' worth of digital assets moving through wallets that investigators have linked to real-world criminal networks.

Inflows to human trafficking services by asset type chart

Source: Chainalysis

The report suggests these networks are increasingly comfortable using crypto because it's:

👉 Fast;

👉 Borderless;

👉 Harder to block than traditional bank transfers;

👉 Available in regions where banking access is weak or oversight is inconsistent.

That combination makes it attractive if you're trying to move money quietly and across jurisdictions.

But here's the part people misunderstand.

Crypto transactions are public, which means:

👉 Every transfer sits on a blockchain ledger forever;

👉 You can't delete it;

👉 You can't "unsend" it;

👉 Investigators can trace patterns, cluster wallets, and follow money trails in ways that are actually impossible with physical cash.

So while criminals are using crypto more, law enforcement and analytics firms are also getting better at tracking them.

It's not invisible money. It's pseudonymous money - which is very different.

SpongeBob investigating meme

Now, this story isn't "crypto is evil." It's "technology is neutral - incentives aren't."

The same properties that make crypto powerful for:

👉 Migrant workers sending money home instantly;

👉 Businesses operating globally;

👉 People in unstable economies protecting savings;

... also make it useful for people trying to avoid banks for the bad reasons.

That is uncomfortable, but it's not new. The US dollar is used in global crime. So is gold. So is cash.

What’s different here is transparency:

👉 With cash, once it's handed over, it's gone.

👉 With crypto, there's a permanent record.

That means abuse can happen, but it also means investigators can trace flows in ways that aren’t possible with physical cash.

So the ecosystem is in this strange middle phase:

👉 The gatekeepers are fewer.

👉 The data trails are stronger.

👉 The tools to analyze those trails are improving.

And everyone - regulators, exchanges, analytics firms - is learning in real time.

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🍋 News drops you can't miss

🏛️ Protect Progress, a national crypto policy group linked to Fairshake, is throwing $1.5M behind efforts to unseat Texas Rep. Al Green in the Democratic primary. They think Green's decisions are holding back crypto growth.

🪙 USDCBL, a new stablecoin, is dropping in February before the full rollout of Aptos Labs’ derivatives exchange. Decibel Foundation plans to use USDCBL as collateral on its on-chain perpetuals platform.

💸 Fiserv rolled out INDX, a platform that lets crypto businesses move US dollars anytime they want. No more waiting for banker's hours.

⚖️ The CFTC added 20 leaders from the crypto world to its Innovation Advisory Committee. This group's there to explain how new products and platforms could affect markets and flag real-life problems in the industry.

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🍌 Juicy memes

Meme about the contrasting perceptions of Bitcoin maximalists and their realities.

Source: @CryptoMemes

Meme about contrasting lifestyles and attitudes at different ages.

Source: @CryptoTea_

Meme about the absurdity of making minimal profit from excessive trading.

Source: @Trader_Theory

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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