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Are you curious about how many cryptocurrencies have failed? The crypto industry is facing a hard reality as thousands of projects disappear, leaving investors stuck with dead tokens and unanswered questions. We’ve seen big promises, flashy marketing, and sudden collapses that wiped out billions almost overnight. Before you invest in another new coin, it’s worth understanding why so many projects don’t survive and what those failures really mean for you.In this article, we break down what counts as a failed cryptocurrency, the main reasons projects collapse, and real-world case studies that shook the market. We’ll also explore why new coins…

Rui-Siang Lin, the alleged operator of the dark web narcotics marketplace “Incognito Market,” was sentenced to 30 years in U.S. federal prison on Tuesday, according to a statement from the U.S. Attorney’s Office for the Southern District of New York, bringing to a close one of the largest online drug market prosecutions since Silk Road.Lin, a 24-year-old Taiwanese national who used the online alias “Pharaoh,” pleaded guilty in December 2024 to narcotics conspiracy, money laundering and conspiring to sell adulterated and misbranded medication. Prosecutors said the platform processed more than $105 million in illegal drug sales between October 2020 and…

SUI slid below $1.10 amid a broad crypto selloff, tracking weakness in bitcoin and major altcoins. Hong Kong’s HashKey Exchange will list SUI/USD for professional investors from Feb. 4. A potential bullish reversal could see Sui price target $1.20-$1.34. HashKey Exchange, Hong Kong’s largest licensed cryptocurrency platform, is set to list Sui, a development that comes as the token struggles amid a sharp downturn across digital asset markets. Sui’s native token, SUI, has come under heavy selling pressure in recent sessions, sliding below $1.10 as the broader crypto market sold off aggressively. The decline coincided with Bitcoin trading around the…

Two leading prediction market platforms, Polymarket and Kalshi, have both turned to giving away groceries amid a fight for dominance in the fast-growing prediction markets space. Kalshi offered a $50 grocery giveaway to over 1,000 people in Manhattan on Tuesday, while competitor Polymarket announced plans to open a free grocery store starting next week.Thousands have already picked up their free Kalshi groceries!We are being told we’ve already inspired other companies to keep up the initiative!2 more hours to get yoursWestside Market | 84 3rd Ave. NYC pic.twitter.com/8R11OGODLu— Kalshi (@Kalshi) February 3, 2026 Kalshi and Polymarket have led the pack in…

Tom Lee—long known for bullish takes—says crypto prices may be close to their floor. According to his comments on TV, he sees signs that buying pressure could return if the economic and on-chain backdrop holds. Related Reading During an interview on CNBC, Lee, Fundstrat’s head of research, said the current market setup could improve as fundamentals continue to firm up. That view sits alongside a big loss at his firm, which raises questions about how confident outside observers should be. Market Moves And Capital Flows Reports say capital moved sharply into precious metals as traders sought cover, and that flow…

Shares of Strategy plunged today, dipping more than 8% in trading as Bitcoin traded at new one-year lows and crypto risk assets came under renewed pressure.  The decline pushed MSTR’s share price to levels not seen since late 2024, deepening a multi‑month downtrend that has left the stock among the worst performers on the Nasdaq this year. Bitcoin’s slump — dipping below key technical thresholds over the weekend and early week — has reverberated through markets, hitting crypto‑linked equities especially hard.  Shares of major crypto platforms, like Robinhood and Circle also lost ground, highlighting the increasing correlation between Bitcoin prices…

Tether has released an open-source operating system for bitcoin mining, pitching it as a way to make running mining infrastructure simpler while reducing reliance on closed, vendor-controlled software.The stablecoin issuer said on Monday that it has rolled out MiningOS (MOS), describing it as a modular, scalable mining operating system designed for anyone from hobbyist miners to large institutions. The stack is intended to remove the “black box” nature of many mining setups, where hardware and monitoring tools are tightly tied to proprietary platforms.“MiningOS changes that — introducing transparency, openness, and collaboration into the core of Bitcoin infrastructure,” Tether said on…

HYPE gained double digits on Monday after the team behind HyperCore, the core infrastructure powering Hyperliquid’s layer-1 network, said it will support the HIP-4 proposal to expand into prediction markets.The integration would allow fully collateralized contracts on Hyperliquid, the largest decentralized perpetual futures crypto platform, enabling traders to wager on political elections, sports and other markets.In an X post on Monday, Hyperliquid said the support was driven by “extensive user demand” for prediction markets and bounded options-like instruments, while adding that HIP-4 could allow other novel applications to be built on Hyperliquid. Source: HyperliquidHIP-4 outcomes would function like a betting…

Short Bitcoin funds attracted $14.5 million in inflows as investors hedge against falling prices. Investors pulled $1.7 billion from digital asset investment products this past week. This has reversed year-to-date gains and left a net $1 billion outflow globally. CoinShares stated that the decline reflects weaker investor confidence, influenced by a more hawkish US Federal Reserve Chair, continued selling by crypto whales linked to the four-year cycle, and rising geopolitical risks. Since October 2025, when prices reached their highs, total assets under management in digital assets have fallen by $73 billion, amidst a sharp drop in market appetite for the…

The Immersive Wire – 2 February 2026Executive summary Welcome to your weekly briefing on the metaverse and spatial computing. Here are your snippets to sound smarter in meetings this week: Top stories: Snap spun off its AR glasses into a separate business (analysis below). This week’s stories: Meta reported that its immersive tech side lost $19.1 billion in 2025, slightly up from $17.7 billion in 2024, on $2.2 billion in annual sales, with CEO Mark Zuckerberg projecting similar losses for 2026 (more below). So Bridgeton is basically Cinderella, now? Tom Ffiske, Editor of the Immersive WireMain storyWhy? The move is designed…