The decision underscores the growing regulatory scrutiny and political complexities surrounding the cryptocurrency industry.
The post White House confirms Trump will not pardon Sam Bankman-Fried appeared first on Crypto Briefing.
Coinbase opens US stock trading with 24/5 access and partners with Yahoo Finance for seamless research to execution.
The post Coinbase launches full stock trading access for US users appeared first on Crypto Briefing.
Stripe reaches $159B valuation as payment volume hits $1.9T in 2025, doubling stablecoin activity and expanding into blockchain and AI.
The post Stripe hits $159B valuation as payment volume reaches $1.9T in 2025 appeared first on Crypto Briefing.
MoonPay launches non-custodial infra allowing AI agents to generate wallets, fund accounts and execute onchain transactions autonomously.
The post MoonPay launches non-custodial infrastructure for autonomous AI agents appeared first on Crypto Briefing.
Bitwise acquires Chorus One, adding $2.2B in staked assets and expanding institutional proof of stake capabilities.
The post Bitwise acquires Chorus One to expand institutional staking business appeared first on Crypto Briefing.
Bitcoin Magazine

Michael Saylor Confirmed As A Speaker For Bitcoin 2026
Michael Saylor, one of Bitcoin’s most influential advocates and the leading voice behind corporate Bitcoin adoption, has been officially confirmed as a speaker at Bitcoin 2026, returning to the world’s largest Bitcoin conference to share his latest insights on monetary transformation, institutional adoption, and the long-term future of sound money.
As the co-founder and executive chairman of Strategy, Saylor has played a central role in reshaping how corporations think about Bitcoin, pioneering the use of BTC as a treasury reserve asset and influencing boardrooms, investors, and policymakers around the world. His past appearances at Bitcoin conferences have consistently been among the most anticipated sessions, drawing packed audiences and generating global media attention.
Bitcoin 2026 will take place April 27–29 at The Venetian, Las Vegas, and is expected to be the largest Bitcoin conference in history.
Focused on the future of money, Bitcoin 2026 will bring together Bitcoin builders, investors, miners, policymakers, technologists, and newcomers from around the world. The event will feature a wide range of pass types, including general admission passes designed specifically for those new to Bitcoin, alongside premium passes for professionals, enterprises, and institutions.
With multiple stages, immersive experiences, technical workshops, and headline keynotes, Bitcoin 2026 is designed to serve both first-time attendees and long-time Bitcoiners shaping the next era of global adoption.
Bitcoin’s flagship conference has scaled dramatically over the past five years:
Bitcoin 2026 is expected to surpass all previous records projecting more than 40,000 attendees.
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From headline keynotes on the Nakamoto Stage to deep technical sessions for builders, institutional strategy discussions for enterprises, and beginner-friendly Bitcoin 101 education, Bitcoin 2026 is designed for everyone—from first-time attendees to the leaders shaping Bitcoin’s global adoption.
Whether you’re looking to learn, build, invest, network, or influence, Bitcoin 2026 is where Bitcoin’s next chapter is written.
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This post Michael Saylor Confirmed As A Speaker For Bitcoin 2026 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
Bitcoin Magazine

Numo Launches Bitcoin Tap-to-Pay App for Merchants, Powered by Cashu
Bitcoin payments are getting a contactless upgrade.
Numo has launched a new tap-to-pay point-of-sale app that enables merchants to accept bitcoin with an experience similar to Apple Pay and Google Pay — all without requiring additional hardware. The free, open-source Android app is now available as a direct APK download, with a release on the Google Play Store expected soon.
Built on Cashu, an open-source ecash protocol for Bitcoin, Numo uses NFC functionality already present in most Android devices.
During checkout, a customer’s Cashu wallet reads an NFC tag emulated by the merchant’s phone and writes back a payment token. The entire interaction takes just a few seconds, delivering a smooth, familiar tap-to-pay experience.
In addition to Cashu payments, Numo supports Lightning invoices over the Lightning Network, making it compatible with any Lightning-enabled Bitcoin wallet. This dual functionality broadens its usability for both ecash and standard Lightning users.
Designed with merchants in mind, Numo settles payments in Cashu ecash held on a mint. Merchants can configure an automatic withdrawal threshold so that once their balance reaches a predefined amount, funds are automatically swept to their own Lightning address without manual intervention. This feature aims to streamline treasury management while preserving self-custody principles.
The app also includes built-in inventory management, payment history tracking, offline payment support and tipping functionality. Integration with BTCPay Server is currently in development, which could further expand its appeal among merchants already using self-hosted Bitcoin payment infrastructure.
Numo charges zero platform fees, allowing merchants to retain the full value of each transaction. The project is fully open source under the MIT license and is being developed with support from OpenCash.
“Bitcoin payments should be as easy as tapping your phone,” the team said in a statement. “Numo makes that a reality today, on any NFC-enabled Android device.”
As competition grows among Bitcoin-native payment solutions, Numo’s hardware-free, open-source approach may appeal to merchants seeking a low-cost, self-sovereign alternative to traditional payment rails.
Cashu is an open-source ecash protocol built on Bitcoin that uses blind signatures to enable privacy-preserving custodial payments without requiring any changes to the base layer.
By connecting independent mints over the Lightning Network and incorporating programmable token scripts, Cashu aims to offer users a more private, flexible alternative to traditional custodial wallets.
This post Numo Launches Bitcoin Tap-to-Pay App for Merchants, Powered by Cashu first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine

Solo Miner Turns $75 into $200,000 Bitcoin Block Reward Using Rented Hashrate
A rare and remarkable event in the Bitcoin mining world occurred recently when an independent miner validated an entire Bitcoin block — earning the full block subsidy of 3.125 BTC — after spending only about $75 on rented computing power.
The feat was confirmed by mining firm Braiins on social media and reflected on‑chain data.
According to Braiins, the miner successfully mined Bitcoin block 938092 — earning the full 3.125 BTC subsidy, worth roughly $200,000 at current prices — after renting about 1 petahash per second (PH/s) of hashpower via an on‑demand service.
The total rental cost was reported as roughly 119,000 satoshis (about $75).
The operation was coordinated using CKPool, a platform that lets solo miners broadcast and submit block solutions while retaining full block rewards when successful.
This result came not from owning large mining hardware, but from temporary, rented hashrate — a model that lets hobbyists and smaller operators participate in Bitcoin mining without massive upfront investment.
On‑demand hashrate essentially acts like a cloud‑based mining service, allowing users to rent SHA‑256 compute for a set period and point it at a mining pool or network target.
Solo block rewards in Bitcoin mining have become increasingly uncommon as the network’s total computing power and difficulty have climbed.
Large mining pools dominate block production because they combine massive hashpower from many miners, dramatically improving odds of finding blocks.
By contrast, individual miners — especially those using modest or rented hashpower — face very low probabilities of solving a block on their own.
Data aggregator Bennet shows only 21 solo miners have found blocks over the past year, a total of about 66 BTC worth approximately $4.1 million at current prices — representing roughly one solo block every 17.2 days on average. That rate is a fraction of the thousands of blocks produced daily across the Bitcoin network.
Even so, these solo wins — whether achieved with home rigs, small miners, or rented compute — stand out as statistical outliers, akin to lottery wins in traditional finance, rather than indicative of a broader shift in mining strategy.
The event also occurred against the backdrop of recent volatility in mining difficulty. After significant downward pressure from winter storms that temporarily knocked hashrate offline in key mining regions, Bitcoin’s difficulty rebounded sharply — climbing about 15% to 144.4 trillion in the latest adjustment.
That rebound followed an earlier 11% drop tied to weather‑related outages, described as the sharpest decline in network hashpower since China’s 2021 mining crackdown.
Difficulty adjustments, which occur roughly every 2,016 blocks (~two weeks), are critical in balancing the network’s average block time to ~10 minutes and in calibrating the computational effort required to find new blocks.
Big swings in network hashpower — whether from weather disruptions, miner shutdowns, or equipment turnover — can temporarily create conditions where lower‑cost, rented hashpower bets have better odds than usual.
This post Solo Miner Turns $75 into $200,000 Bitcoin Block Reward Using Rented Hashrate first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine

The Core Issue: Keeping Bitcoin Core Secure
Bitcoin Core functions as the backbone for a monetary network securing over two trillion dollars in value. The stakes are immense, and large portions of the codebase can harbor high impact bugs. The consensus engine, peer-to-peer (p2p) message processing code, and cryptographic libraries are areas where vulnerabilities could enable theft, grind the network to a halt, or fundamentally undermine trust in the system. Unlike traditional financial software backed by insurance and legal remedies, Bitcoin’s security relies entirely on the quality of its code and the processes that maintain that quality.
The approach to security in Bitcoin Core is not formally defined, but rather an evolving set of practices that have improved over time. Review processes have become more thorough, testing infrastructure has been expanded significantly, and the project as a whole has become more conservative and deliberate about changes to the software. This slower pace is itself a security measure, reducing the risk of introducing new bugs through hasty modifications.
This piece examines several key aspects of how Bitcoin Core approaches security:
These practices work together, though not as a grand unified strategy, but as complementary layers of defense that have developed as the project has matured.
Bitcoin Core as a software project provides no automatic update functionality for the software it ships, as a protective measure for its users against its developers, and all released binaries can be verified to match the published source code through reproducible builds. Node runners are responsible for deciding which version of the software to run and when to upgrade. In the context of security vulnerabilities, this presents a serious dilemma. Fixes need to be open source for the review process before a release can be made, yet full disclosure must be delayed to allow users reasonable time to update, given that once a vulnerability’s details are published, attackers can exploit it.
Historically, the project’s public disclosure of security-critical vulnerabilities, whether reported externally or discovered by contributors, has been inadequate. This led to a situation where many users perceived Bitcoin Core as never having bugs, a dangerous and inaccurate perception to have. Roughly a year and a half ago, motivated by these issues, the project revised and formalized its handling of security issues into a comprehensive disclosure policy and advisory process. The goals were to provide more transparency, set clear expectations for security researchers (providing them with an incentive to find and responsibly disclose vulnerabilities), better communicate the risks of running outdated versions, and make security bugs available to the wider group of contributors after disclosure to help learn from and prevent future ones.
All vulnerabilities should be reported to security@bitcoincore.org (see SECURITY.md for details). When reported, a vulnerability will be assigned a severity category. We differentiate between 4 classes of vulnerabilities:
Critical: Bugs that threaten the fundamental security and integrity of the entire Bitcoin network. These are bugs that allow for coin theft at the protocol level, the creation of coins outside of the specified issuance schedule, or permanent, network-wide chain splits.
High: Bugs with a significant impact on affected nodes or the network. These are typically exploitable remotely under default configurations and can cause widespread disruption.
Medium: Bugs that can noticeably degrade the network’s or a node’s performance or functionality, but are limited in their scope or exploitability. These might require special conditions to trigger, such as non-default settings, or result in service degradation rather than a complete node failure.
Low: Bugs that are challenging to exploit or have a minor impact on a node’s operation. They might only be triggerable under non-default configurations or from the local network, and do not pose an immediate or widespread threat.
Low severity vulnerabilities will be disclosed 2 weeks after the release of a major version containing the fix. Medium and High severity vulnerabilities will be disclosed 2 weeks after the last affected release goes End of Life (approximately a year after a major version containing the fix was first released).
A pre-announcement will be made two weeks prior to releasing the details of a vulnerability. This pre-announcement will coincide with the release of a new major version and contain the number of fixed vulnerabilities and their severity levels.
Critical bugs are not considered in the standard policy, as they would most likely require an ad-hoc procedure. Also, a bug may not be considered a vulnerability at all. Any reported issue may also be considered serious, yet not require embargo.
When a vulnerability is reported to the project, it is first verified and assessed by Bitcoin Core’s “Security Team”, a small group of long-term contributors with a track record of finding or fixing security bugs. The project categorizes vulnerabilities into four severity levels: Critical (threats to network integrity like coin theft or inflation), High (significant impact, remotely exploitable), Medium (performance degradation or limited scope), and Low (difficult to exploit with minor impact). If confirmed as serious, a fix is developed and thoroughly tested in private. The fix is then submitted as a pull request just like any other code change, but the PR description and discussion obfuscate the true nature of the fix. It might be framed as a refactoring, performance improvement, or hardening against potential issues. This allows the fix to go through normal code review while keeping the vulnerability details private.
This approach involves real tradeoffs, and it is a genuinely difficult balancing act to maintain. Critics might argue it’s paternalistic or that it concentrates too much power in the hands of a few developers who know about vulnerabilities before the public. These concerns deserve serious consideration, but the alternative of immediate public disclosure could be catastrophic. Publishing vulnerability details before most users have updated essentially provides attackers with both the target list (unupdated nodes) and the weapon (exploit code).
Fuzzing is a testing technique that feeds randomized, malformed, or unexpected inputs to software to find bugs. Basically, continuously generate and mutate test cases automatically, feed them to the program, and watch for unexpected behavior such as crashes, hangs, logic bugs, etc.. Modern fuzzers use evolutionary algorithms to learn which inputs trigger interesting code paths, then mutate those inputs to explore deeper into the program. It’s an effective way to find edge case bugs that would be nearly impossible to discover through manual testing or code review at the same rate.
Because the fuzzer provides the inputs for this testing, the developer can’t directly assert expected outcomes (e.g., input A must yield output B). Instead, they make assertions about general properties the software should maintain. This is extremely valuable, as it allows us to build broader confidence in the desired behavior by testing properties such as preventing the node from crashing or ensuring the coin supply never inflates beyond what is expected.
Due to the critical need for correctness, robustness, and security, Bitcoin Core extensively utilizes fuzzing with various approaches. Throughout Bitcoin Core’s history, fuzz testing efforts have been ramping up. The earliest mentions of very primitive fuzzing date all the way back to 2012 and the integration of a simple fuzzing framework occurred in 2016, which evolved into today’s comprehensive framework with over 200 individual fuzz tests, covering critical individual components and functions of the codebase.
Unlike standard unit tests, fuzz tests do not have a defined “pass” point, i.e. you don’t run them once and get a “passed” or “failed” status in return. Because fuzzing is an ongoing random process, any statements about the results (when no flaws are found) can only be probabilistic. A fuzz test may run for 5000 hours without finding a bug, yet the next 5000 hours might uncover one. Consequently, to be effective, fuzz tests must be executed continuously. While Bitcoin Core leans on Google’s oss-fuzz infrastructure to run its fuzz tests, it also heavily invests in building out its own, with several contributors continuously fuzzing with their own setups. As an example, Brink’s infrastructure alone provides more than 1 million CPU hours per year to fuzzing Bitcoin Core.
While the Bitcoin Core repository has numerous fuzz tests at the component/function level, several external projects employ distinct fuzzing strategies. Cryptofuzz, now retired, focused on differentially fuzzing libsecp256k1 and other cryptographic code. For non-cryptographic code, such as serialization primitives, consensus logic, and wallet descriptor parsing, the project bitcoinfuzz uses a Bitcoin-specific differential fuzzing approach. A full-system fuzzing methodology to uncover bugs at the system level is also being developed with Fuzzamoto, mainly aimed at finding bugs arising from complicated interactions between different parts of the codebase interacting as a complete system.
Hundreds, if not thousands, of bugs have been found by fuzzing in released Bitcoin Core versions or pull requests throughout the years (obviously not all of them security relevant), highlighting the effectiveness and importance of fuzzing. A recently published high severity example is CVE-2024-35202, a remotely reachable crash bug found through fuzzing that could have enabled an attacker to crash all publicly reachable nodes. The discovery involved refactoring the compact block relay logic, extracting it into its own isolated and testable module and writing a fuzz test for it.
While fuzzing is highlighted above, the project employs various additional testing methodologies on a day-to-day basis, to further minimize the risk of issues reaching production code.
Bitcoin Core has hundreds of unit tests. These tests are designed to verify the expected behavior of small, isolated pieces of code, such as individual functions or classes. For instance, unit tests are used to verify the behavior of the proof-of-work verification function. These tests involve providing edge-case inputs to the function and testing whether the resulting outputs meet expectations.
Functional tests on the other hand test one or more Bitcoin Core instances as a whole, verifying behavior at a higher system level, by using the external interfaces of the software (e.g. RPCs, p2p messages) to simulate potential real world scenarios. Such a test could for example, spin up a small network of nodes, submit a transaction to one of them (e.g. using the wallet RPCs) and then verify whether or not all nodes in the test eventually observe and accept the transaction. Bitcoin Core historically lacked significant code modularity, a characteristic that persists in several areas. Consequently, the project has leaned more on a functional testing approach than a unit testing one, as it often requires refactoring code in advance to isolate the target code for testing independently.
Each testing methodology has its strengths and weaknesses. Unit tests are often fast to execute and are good at pin pointing where a bug is located, as their scope is small and well defined. However, by definition, they won’t detect bugs that only manifest from the interaction of multiple units. This is where the functional tests shine as they put the full system under test, which comes at the cost of execution speed, as they have to set up and tear down node instances on each test run. They are also much worse at indicating to the developer where a bug is located. Looking at the example above, if the transaction propagation test fails (i.e. the transaction did not propagate to all nodes), it is harder to tell which components of the system are buggy. It could be a bug in the mempool acceptance logic, the networking code, the RPCs used to create the transaction or any of the other components involved. No single method is the best, it is the combination of all methodologies that forges a piece of software with the highest likelihood of functioning correctly.
All tests are run within the CI on every PR and every push to the master branch. All unit, functional and fuzz tests (running previously generated inputs) are run across a matrix of different host operating systems, CPU architectures and various bug detection mechanisms, such as the sanitizers (Address, Thread, Undefined, Memory) and valgrind to catch common C++ bug classes relating to memory safety and undefined behavior.
Bitcoin Core incrementally evolved from the original client Satoshi released, with contributors coming and going as time went on, and as such contains a lot of legacy code. Refactoring existing code, to simplify and isolate it, has been and still is a large part of the work being done in the project. Whether it is the Kernel, a new p2p feature, performance improvements or preparation for putting more tests into place, all of it requires refactoring. Opinions on when and how to refactor are however divided, as it can be a double edged sword. While refactoring refreshes context for those involved, uncovers bugs and usually enables more testing, it can also be scary to touch code that no one understands anymore and may also lead to new bugs being introduced. Both the functional tests and other testing strategies at the system level (such as Fuzzamoto mentioned above in the fuzzing section) are ways to derisk refactoring efforts, as tests at that layer require little to no refactoring upfront.
Prior to major releases, as an additional testing strategy, the project produces a testing guide for users, developers and the community as a whole to manually test established and new features. Testing the software with typical usage is usually encouraged, as a call to action, to verify that individual users’ normal workflows remain functional.

Don’t miss your chance to own The Core Issue — featuring articles written by many Core Developers explaining the projects they work on themselves!
This piece is the Letter from the Editor featured in the latest Print edition of Bitcoin Magazine, The Core Issue. We’re sharing it here as an early look at the ideas explored throughout the full issue.
This post The Core Issue: Keeping Bitcoin Core Secure first appeared on Bitcoin Magazine and is written by Niklas Gögge.
Bitcoin Magazine

Bitcoin Miner Canaan Acquires Cipher’s Stake in Texas Mining Projects, Expands AI and Power Strategy
Canaan (CAN) has acquired Cipher Mining Technologies Inc.’s (NASDAQ: CIFR) 49% stake in three fully operational West Texas mining projects, marking a significant step in its strategy to integrate low-cost power with high-performance computing.
The transaction, valued at approximately $39.75 million, according to a note shared with Bitcoin Magazine, was completed entirely through the issuance of Canaan shares, priced at $0.7394 per American Depositary Share (ADS), giving Cipher a meaningful equity position in Canaan.
The assets acquired — Alborz LLC, Bear LLC, and Chief Mountain LLC — operate a combined 120 MW of power capacity and deliver a total of 4.4 EH/s of Bitcoin mining hashrate. The acquisition also includes 6,840 Avalon® A15Pro-AVG-221T mining rigs, originally purchased from Canaan in mid-2025 and deployed at Cipher’s Black Pearl site, which is now being converted into an AI and high-performance computing (HPC) data center.
A key feature of the deal is the highly competitive energy cost. The projects benefit from sub-3¢ per kWh contracted power in the ERCOT grid, among the lowest disclosed rates in the U.S., and integrate off-grid wind power at the Alborz site.
Canaan’s stock is up 10% today near $0.47 a share.
By acquiring direct access to fully operational power assets, the company said they position themselves to control both electricity supply and infrastructure, a move that reflects its broader energy strategy of upstream power exposure and AI/HPC colocation.
Partnership with WindHQ LLC, which maintains a 51% stake in the projects, ensures operational synergy. WindHQ brings experience in wind energy, data centers, and power infrastructure, providing Canaan with local expertise and operational efficiency in the ERCOT market.
The ABC Projects are capable of demand response and energy arbitrage, enabling the company to contribute to grid stabilization while supporting flexible, high-intensity compute workloads.
“This acquisition represents a disciplined expansion of our North American digital asset footprint and a decisive step in executing Canaan’s broader energy strategy,” said Nangeng Zhang, chairman and CEO. “By increasing our exposure to high-quality, low-cost operational power assets in Texas, we align our proprietary technology with critical infrastructure to drive long-term efficiency and scale. We are also honored to welcome Cipher as a significant shareholder, deepening a relationship built on shared governance and strategic vision.”
Cipher CEO Tyler Page highlighted the strategic nature of the equity exchange. “We were willing to take a meaningful position in Canaan because we see significant opportunity ahead. Canaan’s vertical integration, technology leadership, and energy platform make them the right steward for the next phase of growth,” he said.
The company’s recent shift toward an upstream power development model signals a transition from opportunistic, asset-light mining toward a systematic approach.
By integrating Bitcoin mining with AI-HPC colocation, the company aims to enhance return on invested capital, secure substantial long-term power commitments, and expand a project pipeline potentially at gigawatt scale.
Throughout 2026, the company plans disciplined execution with partnership-driven expansion and project-level financing, reinforcing its focus on scalable, capital-efficient growth.
With this acquisition, Canaan not only consolidates operational mining capacity but also positions itself at the intersection of low-cost energy and next-generation computing, aligning its digital asset operations with the accelerating AI conversion wave in Texas.
This post Bitcoin Miner Canaan Acquires Cipher’s Stake in Texas Mining Projects, Expands AI and Power Strategy first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin is heading toward an uncomfortable milestone, a potential fifth consecutive monthly decline if February closes in the red, and the setup is starting to look less like a crypto-specific drawdown and more like a macro-driven repricing.
This five-month losing streak would be notable in the post-ETF era and would also be Bitcoin’s longest stretch of monthly declines since 2018, when it posted six consecutive down months during the bear market.
At under $63,000, BTC is down by almost 20% this month, which is its largest monthly drawdown since June 2022.

However, the negative price streak itself is not the main story.
The bigger shift is that Bitcoin is being priced in a different regime, one where ETF flows, rate expectations, and cross-asset risk sentiment are carrying more weight than crypto-native catalysts.
As a result, BTC traders are no longer centered on the timing of a return to new highs. Instead, the debate has shifted to where the next durable bid sits, and the level attracting the most attention is $58,000.
Over the past several weeks, Bitcoin has traded less like a standalone digital asset and more like a high-beta risk instrument.
That distinction matters because it changes how traders read the tape.
In a crypto-led market, narratives around adoption, protocol upgrades, or long-term scarcity can dominate short-term price action.
In the current setup, the key inputs are more familiar to macro traders, flow data, options positioning, and broader risk appetite.
That shift shows up most clearly in ETF behavior.
When spot Bitcoin ETFs were taking in steady inflows, pullbacks were often met with automatic demand. Those flows acted as a cushion, not because sentiment had turned bullish, but because the structure itself required buying.
Now the opposite dynamic is in place. Persistent outflows do not just remove support; they can become a source of supply pressure.
This year, US spot Bitcoin ETFs have seen more than $4.5 billion in net outflows, a sign that institutional demand through the ETF wrapper remains under pressure even as parts of the market continue to look for a floor.
That is a large shift in marginal demand, and it helps explain why rebounds have struggled to hold.
Data from CryptoQuant further buttresses the case for why spot Bitcoin ETFs have become integral to BTC's price performance.
Since May 2025, daily trading volume in Bitcoin spot ETFs has exceeded the combined volume of global centralized exchanges. Today, 55% of all daily Bitcoin spot trading volume comes from ETFs.

Essentially, institutional flows have now become the market’s dominant liquidity channel and are no longer one part of the market.
That shifts the market’s center of gravity, as retail investors increasingly react to a price-discovery process led by Wall Street.
The result is a tape that looks more like a macro asset under stress, lower highs, repeated tests of support, and a market that keeps revisiting the same price zones until either the flow backdrop improves or a stronger floor is established.
The growing focus on $58,000 is not about a single chart pattern. It reflects a convergence of frameworks.
The first is a long-cycle technical structure. The 200-week EMA remains one of the most widely watched regime markers in Bitcoin.
In past bear phases and late-cycle resets, price action near that level has often forced a broader reassessment, whether it's a correction within an uptrend or the start of a deeper repricing.
The second is on-chain cost-basis gravity. Below the contested zone, traders are watching aggregate cost-basis measures, including realized-price type anchors.
When Bitcoin starts moving toward the average embedded purchase price of holders, behavior tends to change.
Some investors cut risk and lock in losses. Others step in because the price looks cheaper relative to the network’s purchase history.
The third is the demand cluster in the current range.
Recent on-chain analysis points to a contested zone between $60,000 and $69,000, where demand has been absorbing repeated sell pressure.
If that zone breaks cleanly, $58,000 becomes the next clearer reference point, sitting below the cluster and above deeper cost-basis anchors.
That is why $58,000 is best understood as a stress test, not necessarily the final floor.
If the market holds there, it can become the start of a base. If it fails, attention can shift quickly toward deeper on-chain levels in the mid-$50,000 area.
Derivatives data reinforces why $58,000 has become the focal point.
Data from Deribit shows a continuous downtrend in the current range, and traders in the options market have continued to position for downside through protection trades and bearish expressions.
The structure of those trades matters because it helps explain what kind of move participants are bracing for.
According to the firm, BTC's put skew is back to Feb. 5 levels, and implied volatility is trading more than 10% above realized volatility on a seven-day measure.
That combination points to strong demand for downside protection, and it is happening without a fresh spot collapse of the same scale as the Feb. 5 move.
The demand is concentrated around $58,000 strikes. Traders have been active in 58,000 puts, put spreads, and risk reversals, with the derivatives market increasingly organized around that level as the main downside reference.

Deribit pointed out that the clearest example came with the addition of March 6, 58,000 puts, where about $200 million in notional was bought for about $2 million in premium.
That matters because it suggests funds are positioning for a lower grind, not necessarily a sudden capitulation.
In a grinding market, put spreads and risk reversals can be more efficient than outright puts, because they reduce premium costs and extend the duration of the trade’s potential payoff.
At the same time, Galaxy Digital’s Head of Research Alex Thorn said Bitcoin is nearing all-time oversold territory.

Thorn said the weekly RSI is lower than at any point outside what he called the darkest bear phases, and he flagged the only lower readings since 2016 as Nov./Dec. 2018, when Bitcoin fell from roughly $6,000 to $3,000, and Jun./Jul. 2022, during the Three Arrows Capital collapse and the period before Genesis’ insolvency became clear.
That does not guarantee a rebound, but it does frame the current setup as statistically stretched, even if the market still needs a catalyst to stabilize.
CryptoQuant data on long-term holders adds another layer to the market’s decision tree.
According to the firm, long-term holders (LTHs), a cohort that is generally less sensitive to short-term price fluctuations, are still sitting on an average profit of roughly 74%.
That means the cohort is not yet under broad stress, but the margin is shrinking as spot price drifts lower.
CryptoQuant estimates the LTH cost basis at about $38,900, and that figure is rising over time as short-term holders who bought at higher prices age into the long-term category.

In other words, the pain threshold is not fixed. It climbs with the cycle.
Historically, CryptoQuant noted that bear markets have often featured a break below the LTH cost basis, followed by a final capitulation phase marked by realized losses of about 20%.
That has usually been the kind of washout that clears leverage and allows a more durable rebuild.
CryptoQuant cautioned that this was only an observation based on a limited number of occurrences. That caveat matters, especially in the current cycle.
The structure of Bitcoin ownership has changed. Institutions, corporate entities, and sovereign actors now play a larger role than in prior cycles.
Those participants bring different mandates, time horizons, and liquidity profiles, and those structural changes could alter how the market behaves around traditional on-chain pain points.
That is one reason the mid-$50,000 to $60,000 area is so important.
It may serve as the zone where old-cycle patterns and new-cycle market structure meet, and where traders find out whether institutional participation softens the drawdown or simply amplifies it through ETF flows and macro-sensitive positioning.
The cleanest way to frame Bitcoin into the month-end is as a set of paths, not a single forecast.
The base case is an orderly grind. Bitcoin continues to trade inside the contested $60,000 to $69,000 region, with sharp intraday swings but no decisive break.
February closes red, the five-month losing streak becomes official, and the market treats the move as a reset rather than a collapse.
That path would likely require ETF outflows to keep slowing, spot selling pressure to ease, and options markets to stay defensive without a fresh spike in volatility.
The bear case is a mechanical flush. A break below the $60,000 demand zone triggers stop-losses and systematic selling, and price moves into the $58,000 test.
If the 200-week EMA fails to attract enough demand, focus would shift to deeper cost-basis anchors in the mid-$50,000 range.
In this scenario, the catalyst is not necessarily a crypto-specific shock. It is continued ETF bleeding, weaker risk sentiment across markets, and a derivatives market that keeps paying up for downside protection.
The bull case is a flow-led reclaim. Bitcoin holds the current demand zone, ETF flows stabilize and then turn positive, and options skew begins to normalize.
That would allow price to move back toward higher on-chain mean levels associated with more expansionary conditions.
In that setup, the streak ends not because sentiment improves first, but because the marginal buyer returns.
The post Bitcoin slides toward fifth straight monthly loss as $4.5B ETF outflows put $58,000 on the line appeared first on CryptoSlate.
As Bitcoin trades in the low-$60,000s, the ledger shows nearly half of holders are sitting on losses.
Newhedge’s percent supply in profit gauge shows 51.78% of coins are in profit with BTC around $63,275, implying roughly 10.35 million BTC in profit versus 9.64 million BTC in loss.
However, this weekend, analyst DurdenBTC’s supply in profit tracker had flagged an even harsher read: 44.2% of coins were in profit when Bitcoin was still holding $68,000, a 0th-percentile reading.
That number carries a specific kind of weight. It compresses years of market habit into a single percentage and frames the current scenario as a balance-sheet problem.
Durden’s note ties the reading to earlier capitulation baselines: December 2018 at $3,359 with 43% in profit; the COVID crash at $4,959 with 48%; and the FTX washout at $15,778 with 49%.
Then he adds,
“BTC near $68k, more people underwater than when it traded near $3k.”
The intuitive shape of the claim is simple.
A full cycle bought high, and the unwind shows up as overhead supply. Every rally has a seller inside waiting to get back to break-even.
This methodology makes this the worst cycle for Bitcoin investors since before 2016, when this specific tracker began. DurdenBTC's method follows that of BGeometrics, which has since fallen to 41.2%.

To explain the differences in percentages, we understand the definitions properly to highlight which cohort we're measuring.
For example, CryptoQuant's dashboard for percent supply in profit currently reads 51.6%.

That materially different picture points to a split between dormant coins and the coins that actually move through the market’s plumbing.
CryptoQuant's own framing helps explain how the gap can exist. It describes it as an “active circulating supply” cost basis that excludes long-inactive coins, steering the lens toward investors with fresh receipts and fresh pain.
That is where the story stops being a paradox and starts being a map. The long tail of old coins can sit in profit on paper, while the live float still feels like a room full of buyers trapped above spot.
DurdenBTC’s read comes in lower because, like BGeometrics, he’s effectively grading profitability on the coins that actually changed hands in this cycle, tagging supply to the market price at each coin’s last on-chain move, so the score is dominated by UTXOs minted at 2021–2024 cost bases that now sit above spot.
Dashboards like CryptoQuant, by contrast, sum profitability across the full live UTXO set in a value-weighted way, which lets large, long-dormant outputs with ultra-low cost bases keep a larger share of the supply “in profit” and boost the percentage.
In other words: Durden’s lens tilts toward the churned float and recent receipts; the broader UTXO-sum trackers still carry the cushioning effect of old coins that haven’t had to “reprice” on-chain.
Further, the short-term holder's realized price is near $91,000, while the long-term holder's realized price is near $38,000. The aggregate realized price is around $54,000.

BTC today sits around $63,275, about -48.766% from the prior all-time high.
That is deep enough to knock leverage loose, but shallow enough to keep the “this is still expensive” instinct alive in the broader public narrative.
The emotional mismatch comes from that combination: a high nominal sticker with a low profitability ratio.
It is the kind of setup that produces quiet capitulation. It happens in steps, in forced sales, in smaller wallets going flat, and in larger wallets waiting for liquidity to return.
Glassnode’s most recent framing pulls the corridor slightly lower: the True Market Mean sits near ~$79,000, and the Realized Price near ~$54,000.
It frames them as structural markers for active cost basis and historical re-engagement behavior, according to Glassnode’s Week On-chain.
Think of it as a corridor made of receipts. The upper band marks where active buyers, as a group, get their breath back.
The lower band marks where longer-term capital has tended to step in when the tape looks broken.
Inside that corridor, Glassnode previously highlighted a dense URPD cluster from $66,900 to $70,600.
At $63,000 spot, that cluster reads less like a place to “settle” and more like the first overhead shelf a rebound has to reclaim before any recovery narrative can breathe.
More broadly, Glassnode’s latest Week On-chain describes a dense demand zone between $60k and $69,000 absorbing sell pressure, a wider cluster that now matters because it is the range the market is actually leaning on.
This matters for a profitability-collapse story because the first job of any rebound is mechanical.
Price has to trade through dense cost-basis zones, and it has to do so with enough volume that sellers get absorbed instead of rewarded for waiting.
The ledger already shows stress as a cash-flow fact. Glassnode reports realized losses with a seven-day SMA above about $1.26 billion per day, with spikes above $2.4 billion per day during sharp sell windows.
That is what capitulation looks like when you measure it in transactions instead of sentiment.
At the same time, front-end implied volatility repriced toward about 70%, and downside skew steepened.
Together, that reads like a market paying for near-term protection and treating discontinuity as a normal operating condition.
That vol level offers a clean way to talk about range using a simple implied cone.
BTC around $63,300 with 70% annualized IV maps to roughly ±9.7% over one week (about $57,100 to $69,400) and roughly ±20.1% over one month (about $50,600 to $76,000).
It is a forecast of turbulence and a reminder that the market’s gears still spin fast even when the narrative slows down.
Profitability collapses become consequential when they meet flow regimes, and the past few weeks look like a regime that lost some of its steady demand.
Glassnode describes allocator demand softening and spot volume staying structurally weak, which turns relief rallies into corrective moves that struggle to become trend changes.
The ETF tape helps frame that shift in daily increments.
Since October's all-time high, billions have left ETFs in outflows, with coins leaving on the majority of trading day this year, with occasional inflows.

Stablecoins add a second flow lens because they function as the market’s wrapper, keeping value on-chain while investors choose when to take exposure.
This month, CryptoSlate reported more than $4 billion net stablecoin withdrawals from exchanges, including about $3.1 billion from Binance.
That followed an earlier October 2025 period with about $9.7 billion average monthly net inflows.
Together, it supports a picture of capital stepping back from immediate deployment and shifting into a more defensive posture.
Mining adds a third pressure point because miners carry a real-world cost curve and a treasury that can become a seller in stressed tapes.
Hashrate Index put USD hashprice around $34.05 per PH per day and described the forward market implying about $28.73 on average across six months.
That is a tight operating environment that can turn into forced sales if price breaks below key demand clusters and financing stays expensive.
Overhead supply is the consequence that binds these threads.
CryptoSlate’s supply guide from earlier this month frames overhead supply around $93,000 to $110,000 and flags a short-term holder cost basis near $98,300.
Those levels can act like taped seams in the market’s plumbing, holding pressure until the system trades enough volume through them to seal the leaks.
In a profitability-compression regime, those seams define where break-even selling emerges.
They also help explain why rallies can feel heavy even when the headlines turn brighter.
Crypto trades inside the global risk budget, and recent macro stress has shown up in the usual cross-market tells.
A U.S. tariff legal headline coincided with a move described as USD down, gold up, and bitcoin down.
That fits the pattern of liquidity sensitivity during stress events.
On rates, the Bank of England held at 3.75% with a 5–4 split and said Bank Rate is “likely to be reduced further” depending on inflation.
That is an easing bias paired with ongoing uncertainty.
U.S. rate expectations sit in the same neighborhood.
BlackRock’s iShares outlook described a drift in the expected 2026 path from 3.50–3.75% toward about 3% and noted leadership uncertainty as part of that backdrop.
Morgan Stanley Research laid out additional 25-basis-point cuts to a 3.0–3.25% terminal range.
It paired that with a view that tariffs temporarily lift inflation and that unemployment peaks around 4.7% in Q2 2026.
This macro layer matters for the supply-in-profit story in a practical way.
Easing expectations can support a rebound, but the on-chain picture still hinges on crypto-native liquidity, ETF flows, stablecoin deployment, and spot demand.
Those are the pipes that carry new risk appetite into the market’s actual order books.
Glassnode provides three that matter here: the $60,000–$69,000 demand zone the market is leaning on, the $66,900 to $70,600 dense URPD shelf, and the True Market Mean near ~$79,000, with the Realized Price near ~$54,900 as the deeper structural floor.
Price churns inside the $60,000–$69,000 demand band, realized losses cool from their recent pace, ETF flow days move closer to flat, and volatility gradually compresses from elevated levels.
In that world, the market’s “tell” is whether it can reclaim the $66,900–$70,600 shelf and hold it, not as a wick, but as a lived-in level.
Price loses the lower end of the demand zone with momentum, liquidations accelerate, miner economics tighten into more treasury selling, and the tape trades down toward the Realized Price near ~$54,900.
That is the historical zone where longer-term capital has tended to re-engage and where the market often tries to rebuild credibility after a break.
Price reclaims the True Market Mean near ~$79,000, the market tests higher cost-basis bands, and the next heavy seam sits in the $93,000 to $110,000 overhead region.
The short-term holder cost basis near $98,300 is a level where break-even selling can appear quickly if liquidity stays patchy.
Across all three, the profitability collapse functions as a behavioral constraint.
Underwater holders tend to sell when they get air, which means each rally has to do extra work and absorb inventory from recent buyers who want their receipt back.
The post Bitcoin slides into worst profit cycle in history as 59% of supply turns red appeared first on CryptoSlate.
Ethereum is getting two headline signals at once, and they point in different directions.
On-chain trackers have flagged a burst of ETH sales linked to Vitalik Buterin, the network’s most recognizable figure.
At nearly the same time, the Ethereum Foundation began staking part of its treasury, positioning the move as a long-term shift in how it funds itself and supports the chain.
In a stronger market, both developments might register as routine. In today’s thin, risk-off tape, the contrast is the story. One headline looks like selling. The other looks like commitment.
As a result, ETH investors are left to decide which message matters more: one that could help return the digital asset above $2000, or one that could further pressure it towards $1000.
The most useful way to frame Buterin-linked activity is cadence, not totals.
Buterin-linked wallets have been associated with roughly 3,765 ETH sold over about 2.5 days, and around 10,723 ETH sold since Feb. 2.
In dollar terms, that activity has been reported at about $7.1 million in the recent burst and roughly $21.7 million month-to-date, at an average sale price near $2,027.

That acceleration is what traders react to. A few million dollars in sales is not, in itself, a destabilizing event for ETH.
However, a rising pace of selling can be, because it raises the risk of an ongoing overhang during a period when demand is already uncertain.
It also plays into a familiar crypto pattern. Crypto investors watch known wallets not just to estimate supply, but to infer confidence.
The inference is often shaky because wallets can move for reasons unrelated to market views, yet it still influences positioning. In risk-off conditions, that influence can be outsized.
There is also a scaling reality check that keeps the Buterin story in its lane.
The US spot ETH ETF has seen net outflows of nearly $3 billion in the last four months, according to SoSo Value data.

These billions in outflows can translate into an ETH-equivalent number that is multiple times Buterin’s entire recent sale total.
When ETFs are net sellers, the ETF wrapper can dominate price action in a way that wallet-watching cannot.
That does not remove the effect of visible selling. It reframes it. In today’s market, the Buterin headline is more likely a sentiment catalyst than a supply shock.
The Ethereum Foundation’s staking rollout is a counter-signal that speaks to one of Ethereum’s most persistent internal controversies.
On Feb. 24, the Foundation stated:
“The Ethereum Foundation has begun staking a portion of its treasury, in line with its Treasury Policy announced last year. Today, the EF made a 2016 ETH deposit. Approximately 70,000 ETH will be staked with rewards directed back to the EF treasury.”
For years, a common criticism has been simple, “EF sells ETH to fund operations.” The framing turns treasury activity into a referendum on stewardship.
It also invites traders to treat every treasury movement as a market event, even when the amounts are small relative to liquidity.
Staking shifts the frame toward “EF earns protocol-native yield to fund operations.” That is closer to an endowment model than a periodic liquidation model.
It does not eliminate sales, because many costs are denominated in fiat. It can reduce the need for forced selling at the margin and offer a more systematic approach to treasury management.
The near-term math is modest. Against a staking base of roughly 37 million ETH (about 30% of supply), 70,000 ETH is not enough to change the staking market meaningfully.
But symbolically, it is a notable pivot.
At roughly 2.8% to 3.0% network staking yield, 70,000 ETH could generate about 2,000 ETH per year (in ETH terms) under normal conditions.
That yield is not a substitute for a budget, but it is a recurring stream that can make funding feel less ad hoc.
The Foundation has also positioned the effort as a demonstration of best practices, emphasizing distributed signers, a multi-client approach, and resilience and client diversity.
That is partly technical and partly reputational. It is staking, and it also conveys the EF's desire to be seen as a steward.
The Buterin-selling narrative lands harder because Ethereum is in a strange fundamental position.
Ethereum continues to dominate key settlement rails, especially stablecoins and tokenized assets. It remains central to how value moves across crypto markets.
Yet the L1 is capturing less direct fee revenue, which means the most visible monetization channel, fee burn, is less supportive.

Ultra-low gas is good for users. However, it is less supportive for the “burn as value capture” story, because base-fee burn falls with fees.
When burn is weak, ETH’s supply story looks more like a conventional issuance asset, and attention shifts to alternative support beams, ETF flows, macro risk appetite, and staking yield.
Staking itself remains an important piece of the picture. Validator dashboards show a long entry queue, measured in millions of ETH and weeks of waiting time.

That points to continued interest in ETH as a yield-bearing asset, even as price sentiment wobbles.
There is a paradox here. Higher staking participation can tighten liquid float. A tighter float can amplify volatility during stress, because a smaller share of supply is freely circulating.
In a fear-driven market, narratives can become more self-reinforcing. A negative headline can prompt selling, selling can pressure price, and the price move can make the headline feel more important than it was on the way in.
The cleanest way to frame what comes next is with scenarios that combine flows, fees, and optics.
If ETF outflows slow and macro conditions become more supportive, the market’s sensitivity to individual seller headlines tends to fade. In that environment, the EF staking shift helps by signaling long-run treasury discipline. Price can re-anchor around broader ETH themes, scaling, Layer 2 growth, and institutional access through ETFs.
If macro uncertainty and fund outflows continue, thin liquidity magnifies headlines. In that tape, the market is less concerned with whether Buterin’s sales are “big” and more concerned with whether the selling becomes a convenient proxy for broader doubt. Low-fee conditions keep burn weak, which gives bears a simple narrative hook, softer monetization plus bad optics.
If fee pressure rebounds, whether from increased L1 usage, changes in value capture, or new demand drivers, ETH’s supply narrative improves. In that environment, staking yield becomes part of a stronger total-return story.
Notably, 21Shares has sketched longer-run ETH ranges from the high-$1,000s in bearish conditions to about $4,000 in bullish conditions, with flows and monetization doing much of the work in the spread.
None of these scenarios is determined by one person’s selling. But in a market that is already jumpy, the person attached to the wallet can still matter.
The post Vitalik selling Ethereum grabs attention — but this liquidity shift matters more appeared first on CryptoSlate.
XRP is entering a stretch where on-chain cost basis, leverage, and flow data may matter more than broad market narratives.
The token is approaching a critical point after a sharp rise in realized losses, with on-chain activity showing investors moving coins below their purchase prices.
That is a classic capitulation signal. It often appears near emotional lows, when weaker holders exit and supply changes hands. It can mark the start of a recovery, but it can also mark the start of a longer repair cycle.
Santiment’s weekly realized profit and loss data show XRP has posted its largest realized-loss spike since the November 2022 washout.
The chart below shows that the prior weekly milestone was about negative 1.93 billion in realized losses, followed by a 114% price increase over the next eight months.
Notably, the current realized loss episode is about -908 million.

That means a large cohort of holders sold or transferred coins below their cost basis, locking in losses on-chain.
This represents the kind of print traders look for late in a correction.
Capitulation events can clear supply overhang by forcing out weakly held positions, especially after a prolonged drawdown.
They often cluster around periods of maximum frustration, when price has already done enough damage to push investors into defensive decisions.
Glassnode’s cost-basis metrics put a clear line under XRP’s current market structure.
As of Feb. 23, XRP’s realized price, which serves as a proxy for the aggregate average price paid for the circulating supply, stood around $1.45.
This level is important because it acts as a dividing line between expansion and contraction.
When spot trades below the realized price, the market is, on average, underwater. When spot reclaims and holds above it, the market often moves into a healthier phase.
XRP is struggling to reclaim and sustain that level.
Two other Glassnode metrics support the same read. MVRV is near 0.99, suggesting the asset is valued roughly at its cost basis, or slightly below it. SOPR is around 0.98, indicating that on-chain coins are being sold at a loss on average.
Sustained SOPR below 1 usually reflects stress behavior rather than a confident rotation.
This is the core setup.
If XRP reclaims the roughly $1.45 realized price and holds there, the market can begin to reset.
In that scenario, SOPR moving back above 1 and staying there would show that holders are no longer using rallies to exit at a loss. MVRV moving above 1 would reinforce that the market has exited the underwater zone.
If XRP fails to hold above the realized price, the opposite dynamic can continue. Holders who bought higher use strength to reduce exposure, and the token remains trapped below the aggregate cost basis.
Derivatives positioning remains a major part of the story, and CoinGlass data shows leverage is still large enough to shape XRP’s next move.
CoinGlass lists XRP futures open interest at about $2.33 billion, with 24-hour futures volume around $5.24 billion. It also shows about $13.2 million in XRP futures liquidations over 24 hours.

Those are not small figures. They show that leverage is still active and that positioning can still magnify price moves in both directions.
The broader setup remains skewed defensive, with bearish funding signaling shorts are paying longs. That matters because it creates two very different paths from the same starting point.
If XRP stabilizes near the cost basis and begins to push higher, short positioning can become squeeze fuel.
In a fragile market, even a modest spot-led move can prompt short covering, accelerate upside, and quickly improve market tone.
However, if XRP continues lower while leverage stays elevated, the same structure can deepen downside volatility. Liquidation cascades can kick in, and that can push the market further away from a clean reset.
Meanwhile, spot exchange flows are also raising a near-term caution flag.
CryptoQuant data showed more than 31 million XRP moved to Binance in a single day, with the largest holder cohorts driving most of the activity.
Wallets holding 100,000 to 1 million XRP sent 14,236,825 XRP, while wallets holding more than 1 million XRP sent 14,494,865 XRP.

Smaller cohorts accounted for the rest, with 2,938,809 XRP from 10,000 to 100,000 XRP wallets, 73,630 XRP from 1,000 to 10,000 XRP wallets, and 6,543 XRP from wallets holding less than 1,000 XRP.
Taken together, the inflow was framed as nearly $45 million in potential sell-side pressure.
However, it should be noted that not every exchange inflow translates into immediate selling. Some transfers are tied to collateral, internal wallet changes, or execution planning.
Still, in a weak market, a sudden rise in exchange-bound supply, especially from larger cohorts, is a signal that traders closely watch.
If that pattern persists, it can slow any rebound attempt, even after a capitulation print.
ETF positioning remains relevant for XRP, but the story is now about the marginal bid, not the headline.
CryptoRank data shows the broader ETF backdrop has been weak, with BTC ETFs losing $7.2 billion since November and ETH funds shedding $2.8 billion, while most weeks have been negative.
That helps explain the risk-off tone across crypto and the limited follow-through in altcoins.
XRP’s ETF profile has diverged from that trend, at least in direction.
CryptoRank data indicates that XRP ETFs launched into this drawdown and have remained net positive every month since their debut.

That is important because it suggests some demand has continued to enter regulated XRP products even while the broader market has been under pressure.
The pace, however, has slowed significantly.
Monthly XRP ETF inflows dropped from $667 million to $49 million. The category has not posted a red month yet, but the deceleration is steep.
That leaves XRP in a middle ground, where ETF demand is still supportive at the margin, but not strong enough on its own to overpower a weak tape.
This is also why the next phase for XRP is less about whether ETF products exist and more about whether they continue attracting enough capital to matter during low-liquidity windows.
After capitulation, even modest inflows can have an outsized impact if supply overhead has already been reduced.
If those inflows fade further, the market may need spot demand from other channels to reclaim cost basis and hold it.
In short, ETF positioning is still part of the setup, but it is no longer a standalone bullish argument.
XRP’s setup can now be framed in three scenarios, all of them tied to the same market signals.
The first is a washout-to-rebase recovery. In this case, the realized-loss spike acts as a supply reset, XRP stabilizes near cost basis, then reclaims and consolidates above the roughly $1.45 realized price.
Confirmation would come from SOPR moving back above 1 and staying there, with leverage normalizing rather than expanding aggressively. If shorts remain crowded while spot improves, a squeeze becomes plausible.
The second is an underwater grind. Here, capitulation marks the start of a longer repair process, not the end of the correction.
XRP fails to hold above realized price, SOPR remains below 1, and MVRV stays under 1. Rallies are sold by underwater holders trying to cut exposure, and the price remains capped.
The third is a flow-driven repricing. In this path, ETF demand remains positive and becomes more important after the capitulation event reduces supply pressure. Even modest inflows can matter if the market is already tight.
The early sign would be product flows staying positive or rising while the XRP price is still flat, which would suggest demand is arriving before the price reacts.
The post XRP ETF inflows collapse 93% as price capitulates, will this cause a reset or repair phase? appeared first on CryptoSlate.
World Liberty Financial's stablecoin slipped to $0.994 on Feb. 23, a 0.6% deviation that lasted minutes before recovering.
For a token backed one-to-one by dollars and government money market funds, with over $5 billion in circulation and the fifth-largest market share among stablecoins, the wobble wasn't supposed to happen.
But it did, and the gap between “should” and “is” reveals the uncomfortable truth crypto still refuses to absorb: political connections and reserve attestations don't create immunity from runs. They determine how quickly the discount closes.
WLFI blamed the slip on what it called “a coordinated attack,” consisting of hacked cofounder accounts, paid influencers spreading fear, and large short positions against its WLFI token.
The company emphasized that USD1's mint-and-redeem mechanism remained intact, and reserves remained intact. DEX Screener showed a $0.994 low, followed by a quick recovery.
The machinery worked. It didn't work smoothly enough to prevent the discount from appearing.

The confusion lies in treating “backed one-to-one” as if it means “trades at $1.00 everywhere, always.”
Stablecoins operate in two markets. The primary market is where authorized participants mint new tokens by depositing dollars with the issuer or redeem existing tokens to get dollars back.
This is where the one-to-one backing lives, where arbitrage is supposed to restore the peg if secondary prices drift.
The secondary market is where everyone else trades: exchanges, decentralized protocols, and peer-to-peer. This is where price actually moves minute by minute, and where USD1 hit $0.994.
BitGo, the custody and issuance infrastructure behind USD1, publishes terms that acknowledge exactly this split. It will redeem tokens at par for eligible account holders, but it explicitly states it cannot guarantee stablecoins will trade at $1.00 on third-party platforms.
The gap between those two sentences is where depegs happen.
Redemption isn't frictionless. BitGo's terms reserve the right to impose limits or suspend minting for compliance or legal reasons. Even under normal conditions, redeeming requires onboarding, KYC checks, banking rails, and operational capacity.
None of these happens instantly.
Research from the International Monetary Fund highlights that “par redemption” often comes with minimums, fees, or processing delays that weaken the arbitrage link during stress.
A depeg is the price someone pays for immediacy: the discount reflects selling now rather than waiting to redeem later.
Binance holds roughly 93% of USD1's circulating supply, about $4.5 billion of the $5 billion total, based on Arkham's wallet tracking.
That concentration makes one exchange the de facto venue where the USD1's peg is tested. If fear spreads and sellers flood Binance order books faster than arbitrageurs can step in, the secondary price can gap down even if primary redemption remains open.
The Feb. 23 wobble fits a “tweet shock” scenario: rumor bursts, influencer narratives, and coordinated messaging create a sudden one-sided flow. The expected range for this type of event is 0.2% to 1.0% off-peg, with recovery in minutes to hours if redemption rails stay perceived as accessible.
The $0.994 low sits squarely in that band. The speed of recovery suggests arbitrage capital stepped in once the initial wave of selling exhausted itself.
But the structure remains fragile. If the next rumor targets Binance specifically, such as custody concerns, regulatory headlines, and delisting risk, the wobble could turn into a cascade.
When one venue holds 93% of the supply, that venue becomes the peg's single point of failure.
The expected discount in a chokepoint scenario is 1% to 5%, depending on how quickly arbitrageurs can access alternative liquidity and whether redemption access stays credible.

USD1's December 2025 reserve attestation, examined by Crowe LLP under AICPA criteria, showed redeemable tokens outstanding of $3.313 billion matched by redemption assets of $3.3135 billion, consisting primarily of demand deposits and government money market funds.
WLFI's marketing materials commit to monthly reserve reporting, and BitGo's attestation framework follows established audit standards.
The problem is timing. BitGo's public attestation page lists months from 2025, while data aggregators show that USD1 has surpassed $5 billion in circulation. That gap creates an information vacuum that the market can weaponize during periods of fear.
Sound reserves don't stabilize a peg if the market doubts they can be accessed, and stale data feeds that doubt.
Academic models decompose stablecoin discounts into three components: redemption friction, disruption risk premium, and liquidity imbalance.
Recent research finds that peg restoration works primarily through primary-market arbitrage until redemption frictions cross a nonlinear threshold. After that point, secondary liquidity becomes an amplifier rather than a stabilizer.
Applying that framework to this morning: if redemption friction sits at 0.1% and liquidity imbalance adds 0.5%, you get a 0.6% discount without any actual impairment of reserves.
Alternatively, if traders price in moderate disruption risk of around 0.3%, plus 0.3% liquidity drag, you reach the same number. Either path produces the observed $0.994 without requiring fraud or insolvency.
The deeper risk arrives when primary redemption becomes genuinely impaired, such as settlement delays, banking friction, or legal restrictions that BitGo's terms explicitly contemplate.
USDC dropped to $0.88 during the Silicon Valley Bank crisis when markets questioned whether its banking partner could process redemptions. If USD1 faces a similar moment, the discount could widen to 5% to 15%, regardless of asset backing.
| Scenario | Trigger | Expected discount | Likely recovery | What to watch |
|---|---|---|---|---|
| Tweet shock | Rumor burst / hacked-account narrative / influencer FUD | 0.2%–1.0% off-peg | Minutes → hours | Depth + frequency of wobbles; perception of redemption access |
| Binance chokepoint | Venue-specific fear (custody, regulatory headline, delisting risk) | 1%–5% off-peg | Hours → days (if liquidity fragments) | Binance order-book depth; migration to other venues; spread widening |
| Primary rails impaired | Redemption limits, settlement delays, banking/legal friction | 5%–15% off-peg (stress) | Days+ (until convertibility restored) | Redemption queues; any limits/suspensions; freshness of reserve reporting |
The GENIUS Act created a federal framework for payment stablecoins in the US, followed by a wave of OCC national trust bank applications tied to stablecoin custody and issuance, including WLFI's own trust bank application.
Treasury Secretary Scott Bessent suggested stablecoins could reach $2 trillion in circulation over the next decade, raising the stakes of any “too big to fail” narrative.
However, if a stablecoin linked to the sitting US president's orbit can wobble in response to a single morning's information shock, the idea of an implicit political backstop is a mirage.
Regulation will focus on operational convertibility, such as redemption access, disclosure cadence, exchange concentration, not vibes or proximity to power.
The lesson from Feb. 23 isn't that USD1's reserves failed, but that confidence and liquidity matter more than balance sheets when fear spreads faster than redemption queues clear.
Peg quality degrades with repeated wobbles, not singular events.
The question isn't whether USD1 recovered to $1.00, but whether the next rumor produces a larger discount or a slower recovery.
The gap to $0.994 was small, the recovery was fast, and the reserves appear sound. Yet, the gap existed, and in crypto, existence is evidence. No one is too big to fail when the exit is a click and the next exchange is a transfer away.
The post A coordinated attack caused the USD1 peg wobble but one exchange holds 93% supply appeared first on CryptoSlate.
As the crypto market navigates a volatile February 2026, the second-largest cryptocurrency by market cap has not been immune to the "bloodbath" affecting risk assets. With the Ethereum price sliding below psychological support levels at $2,000 and currently hovering around $1,830, investors are understandably anxious.
The question "Can Ethereum price crash to $0?" has transitioned from a cynical troll to a genuine concern for those watching their portfolios shrink. However, to answer this, one must look beyond the candles on a chart and into the structural foundation of the world’s most active programmable blockchain.
Technically, any asset can go to zero if demand completely evaporates or the underlying protocol suffers a catastrophic, unrecoverable failure. For Ethereum, a "zero" scenario would require the total dissolution of its network of over 1.1 million active validators and the abandonment of the thousands of decentralized applications (dApps) that rely on its infrastructure. While market cycles can be brutal, the probability of a $0 valuation for a network securing billions in value remains statistically near-impossible under current conditions.
Ethereum is often confused with being "just another coin," but it is fundamentally a global, decentralized computer. Unlike Bitcoin, which serves primarily as digital gold or a store of value, Ethereum is a Layer 1 smart contract platform.
The Ethereum blockchain acts as the base layer for a massive economy. Ether (ETH) is the "gas" required to execute operations on this computer. As long as there is a single developer wanting to run a piece of code or a user wanting to transfer a stablecoin on-chain, ETH maintains a functional utility value that prevents it from reaching zero.
The true resilience of Ethereum lies in its dependency network. Countless multi-billion dollar projects are built directly on top of its architecture. If Ethereum were to fail, it would trigger a systemic collapse of the entire decentralized finance (DeFi) sector.
According to data from Bloomberg, institutional interest in Ethereum ETFs, despite recent outflows, remains a significant backstop, with billions in assets under management (AUM) held by firms like BlackRock and Fidelity.
For Ethereum to hit $0, we would need to witness a "Black Swan" event far beyond a simple market crash. Such a scenario would likely involve:
While the crypto market is currently suffering from macro-economic pressures and shifting liquidity, Ethereum's intrinsic value is tied to its role as the "settlement layer of the internet." With over 34 million ETH currently staked—representing roughly 28% of the supply—the network has never been more secure from a technical standpoint.
A dip to $1,300 is a technical possibility if bearish momentum continues, but a move to $0 ignores the reality of thousands of businesses and millions of users who now treat Ethereum as essential financial infrastructure.
The cryptocurrency market is currently navigating a period of intense volatility and bearish sentiment. After a promising start to the year, a combination of macro pressure—including hawkish signals from the Federal Reserve and geopolitical tensions—has pushed major assets to critical technical thresholds.
As of late February 2026, several top-tier altcoins are "flashing" sell signals that traders cannot afford to ignore. These signals often manifest when an asset struggles to reclaim moving averages or, more dangerously, when it hovers just above a multi-month support line. If these floors give way, the resulting "liquidation cascade" could lead to double-digit percentage drops.'
Are these altcoins ready to dump? Technical indicators across the board suggest that if Bitcoin fails to hold $62,000, the broader altcoin market, including Ethereum ($ETH) and Solana ($SOL), is positioned for a significant retracement.

Ethereum has entered what analysts call a "bearish continuation pattern." Despite its fundamental strengths in DeFi and NFTs, Ether is currently underperforming against Bitcoin.
XRP has shown relative strength due to regulatory optimism, but the technicals are starting to sour as the broader market drags it down.
Solana has been one of the most volatile assets in early 2026. After a massive run, it is now testing the resolve of "diamond hand" investors.
Cardano continues to struggle with liquidity and a lack of aggressive growth compared to its peers. It is currently "trapped" beneath heavy resistance.
The global digital asset market is facing a severe crypto crash today, February 24, 2026, as Bitcoin ($BTC) decisively broke below the critical $63,000 support level. After peaking at an all-time high of $126,000 in late 2025, the premier cryptocurrency has now lost 50% of its value, sending the total market capitalization sliding toward the $2.2 trillion mark.

The current bitcoin crash is not the result of a single event but rather a "perfect storm" of macroeconomic pressure and institutional sell-offs.
Market sentiment soured significantly after President Trump announced a new 15% global tariff framework. This move followed a Supreme Court ruling that struck down previous trade strategies, leading to an immediate "risk-off" environment. Investors are fleeing volatile assets like $Bitcoin in favor of traditional safe havens like gold and silver.
The sell-off gained momentum following news that the mining giant Bitdeer depleted its entire Bitcoin reserve. By selling over 940 BTC, the company signaled a lack of confidence in near-term price recovery. Furthermore, the Coinbase Premium has turned deeply negative, suggesting that U.S. institutional investors are leading the exit while retail traders are left holding the bag.
Bitcoin has become increasingly correlated with high-growth technology and AI stocks. As investors question the ROI of massive AI expenditures, a "software-mageddon" has hit the NASDAQ. This has forced hedge funds to liquidate their most liquid assets—often Bitcoin—to cover margin calls on their equity portfolios.
With the $63,000 level breached, analysts are now looking at the psychological $60,000 mark as the final line of defense.
The crypto crash has not been limited to Bitcoin. $Ethereum has struggled to stay above $1,800, while others like Solana and XRP have seen double-digit percentage drops. According to data from Coinglass, over $360 million in long positions were liquidated in the last 24 hours alone, further fueling the downward spiral.
Traders looking to protect their assets during this volatility should consider moving funds to cold storage. You can check our hardware wallets comparison for the most secure options. If you are looking to trade the bounce or hedge your position, visit our exchange comparison page.
| Factor | Impact on Market |
|---|---|
| US Tariffs | High - Triggered global risk-off sentiment |
| Mining Sales | Medium - Increased immediate spot supply |
| AI Stock Slump | High - Forced institutional liquidations |
| Fear & Greed | Extreme Fear (Index at 8/100) |
The cryptocurrency market is navigating a "perfect storm" of macroeconomic uncertainty and institutional caution today. As of February 23, 2026, Bitcoin ($BTC) has slipped below the critical $65,000 psychological support level, dragging the broader market into the red.
The primary catalyst for this downturn is a sudden shift in U.S. trade policy, which has reignited fears of global economic instability. While the "Fear and Greed Index" is flashing extreme panic—hitting lows not seen since the 2022 bear market—the underlying industry continues to push forward with significant regulatory and corporate milestones.
The global crypto market cap has retreated to $2.28 trillion, with major assets experiencing a 1.6% to 4.5% decline over the last 24 hours.
| Asset | Current Price (Approx.) | 24h Change | Analysis |
|---|---|---|---|
| Bitcoin (BTC) | ~$65,400 | -2.25% | Testing support near $63,300; resistance at $72,200. |
| Ethereum (ETH) | ~$1,885 | -4.32% | Hardest hit major; potential slide toward $1,500. |
| Solana (SOL) | ~$78.50 | -7.03% | Sharp decline following broader Layer-1 sell-offs. |
| XRP | ~$1.36 | -1.80% | Showing relative resilience compared to ETH and SOL. |
The market's bearish turn is largely attributed to "tariff whiplash." On Friday, February 20, the U.S. Supreme Court struck down the use of emergency authority to impose certain trade duties. However, President Trump countered over the weekend by proposing a new 15% global tariff under Section 122 of the 1974 Trade Act.
This move has strengthened the U.S. Dollar (DXY) and sent risk assets—including Bitcoin and Ethereum—into a defensive crouch. According to CNBC, the uncertainty surrounding these replacement levies has forced investors to hedge their bets, leading to a significant rotation out of speculative digital assets and into safe havens like gold.
For the first time since the landmark 2024 launch of spot Bitcoin ETFs, the market has recorded five consecutive weeks of net outflows, totaling approximately $4 billion in redemptions. This suggests that Wall Street is currently distributing exposure rather than "buying the dip."
However, not everyone is retreating. MicroStrategy (now Strategy Inc) remains unfazed. Michael Saylor announced this morning that the company acquired an additional 592 BTC for approximately $39.8 million at an average price of $67,286. Strategy Inc now holds over 193,000 Bitcoins, signaling long-term institutional conviction despite short-term price turbulence.
Despite the price slump, the industry’s structural foundation continues to mature:
The market is currently range-bound and highly sensitive to macroeconomic headlines. If Bitcoin fails to hold the $63,300 mark, analysts warn of a potential "final flush" toward the $60,000 level. Conversely, with the Binance Buying Power Index at historic lows, contrarian investors are eyeing this "extreme fear" as a potential bottoming signal for a Q2 recovery.
Ethereum ($ETH) has reached a decisive "knife's edge" moment in late February 2026. After a sharp 6% decline over the last 24 hours, the second-largest cryptocurrency is currently fighting to maintain its position above the critical $1,800 support level. This price point is widely regarded by technical analysts as the final line of defense before a potential slide into the $1,500 territory. As selling pressure from the Ethereum Foundation intensifies, the market's focus has shifted entirely to whether the bulls can stage a defense at this psychological floor.
The short answer: It is under extreme threat. As of today, February 23, 2026, Ethereum is trading near $1,870, having briefly dipped to a low of $1,845. Technical indicators, including the ETH/USD price chart, suggest that a breach of $1,800 is highly probable if current sell volumes persist. A daily close below $1,800 would likely trigger automated stop-loss orders, potentially accelerating a move toward $1,570 or lower.

In technical analysis, a support level is a price point where an asset tends to find buying interest, preventing the price from falling further. For Ethereum, $1,800 isn't just a number; it is a historical accumulation zone.
The significance of the $1,800 mark stems from several factors:
The primary catalyst for the current test of $1,800 is the ongoing distribution of ETH by the Ethereum Foundation and co-founder Vitalik Buterin. In February 2026 alone, Buterin has offloaded approximately $16 million worth of ETH to fund "Glamsterdam" and "Hegotá" roadmap developments. While these sales represent only a fraction of daily volume, they significantly dampen investor confidence and signal a "risk-off" environment.
Furthermore, whale wallets (holding 100k–1M ETH) have sold nearly 1.43 million ETH ($2.7 billion) in the past two weeks, shifting the supply-demand balance in favor of the bears.
If you are looking to buy Ethereum or trade the volatility, keep these levels on your radar:
| Target | Price Level | Technical Context |
|---|---|---|
| Immediate Support | $1,850 | Hourly support being tested currently. |
| Critical Support | $1,800 | The "last stand" for bullish continuation. |
| Crash Target | $1,500 | Target if the bear pennant breaks down. |
| Key Resistance | $1,920 | Must be reclaimed to stabilize the price. |
The RSI is currently at 20, indicating Ethereum is oversold. While a relief bounce back toward $1,950 is possible, the overall trend remains firmly bearish until a "higher high" is formed above $2,085.
Ethereum is currently in a high-stakes battle. Holding the $1,800 support is essential to avoid a deeper correction that could see prices return to early 2024 levels. While the fundamental 2026 roadmap (Glamsterdam upgrade) remains promising for the long term, the short-term technicals favor the bears.
Investors should remain cautious and consider using secure hardware wallets to manage their holdings during this period of "genuine distress."
Prosecutors in Seoul say a man poisoned his business partner after the colleague mismanaged his Bitcoin investments.
Despite incredibly long odds, someone scored a $200K BTC block reward after spending just $75 to rent Bitcoin mining power.
WisdomTree is enabling instant settlement for its tokenized money market fund, indicating its product won't be limited by Wall Street’s pace.
World Liberty Financial is backing Coinbase on the crypto market structure bill debate, even as the White House criticizes the company.
The Ethereum Foundation began staking ETH as part of new treasury operations amid a string of sales from co-founder Vitalik Buterin.
Ethereum co-founder Vitalik Buterin has unveiled a rigorous new vision for Decentralized Finance (DeFi).
Blockstream CEO Adam Back has identified a major "silver lining" in Bitcoin’s recent 40% plunge.
Over $127 million in XRP was moved among two unknown wallets as the price of XRP continues to dip low, plunging by over 5% in the last day.
Whale shifts 203 billion SHIB, nearly 30% of Shiba Inu holdings, to Bitget after years of silence, putting $1.2 million within exchange reach.
Dogecoin price and open interest are down, hinting at extended bearish sentiment.
Bitwise Asset Management has acquired Chorus One, a well-known institutional staking provider. The deal brings Chorus One into Bitwise Onchain Solutions, the firm’s dedicated staking division. Together, they now support staking across more than 30 proof-of-stake networks. Bitwise manages over $15 billion in client assets globally. Chorus One contributes over $2.2 billion in staked assets to the merger. The combined operation strengthens Bitwise’s position in the growing institutional crypto market.
Expanding Staking Capabilities Across the Digital Asset Ecosystem
The acquisition adds staking support for networks including Solana, Avalanche, Sui, Hyperliquid, Monad, NEAR, Aptos, Tezos, and TON. These additions give Bitwise’s clients broader access to yield-generating opportunities across the blockchain landscape. Fifty experienced technology professionals from Chorus One will also join the Bitwise team. That brings the total Bitwise headcount to nearly 200 employees worldwide.
Bitwise CEO Hunter Horsley spoke directly to the opportunity staking presents for clients. “For our thousands of clients who hold spot crypto assets, staking is one of the most compelling growth opportunities,” Horsley said. He also praised the Chorus One team’s eight-year track record of technical excellence and reliability. “We’re excited to add their capabilities to the value that Bitwise Onchain Solutions can create for clients,” he added.
Bitwise Chief Technology Officer Hong Kim also weighed in on the strategic fit between the two firms. “The Chorus One team shares our commitment to technical rigor, open-source contribution, and deep research,” Kim said. He noted that Chorus One’s integration would represent a major leap forward in infrastructure capabilities. With Bitwise Onchain Solutions already established, the transition is expected to move quickly and efficiently.
Chorus One CEO and Co-founder Brian Crain reflected on the journey that led to this deal. “Chorus One was built on the idea that investors deserve secure, professional access to the entire Proof-of-Stake landscape,” Crain said. He noted that the firm’s core focus has always been reliability, security, and performance across every network it supports. “Joining Bitwise is a natural evolution; they share our DNA of excellence,” he added.
Institutional Focus Drives Demand for Professional Staking Services
Bitwise Onchain Solutions primarily targets institutional investors, family offices, and financial platforms. These clients tend to prioritize fiduciary responsibility, technical reliability, and consistent performance. Chorus One’s existing client relationships fit directly within that target audience. The acquisition therefore strengthens existing service lines rather than creating entirely new ones.
Chorus One was founded on the belief that proof-of-stake would become central to the digital economy. Over eight years, that thesis has proven accurate as more networks adopted the consensus model. The firm built its infrastructure accordingly, scaling support to over 30 networks before this deal. That foundation transfers directly into Bitwise’s operational framework.
Research coverage is another area where the acquisition adds value for Bitwise clients. Chorus One brings specialized expertise in protocol governance and network developments. Clients benefit from structured research that helps them make more informed staking decisions. That layer of analysis was previously less developed within Bitwise Onchain Solutions.
Crain will move into an advisory role following the transition, while the rest of the core team joins Bitwise as full employees. Keefe, Bruyette & Woods, a Stifel company, served as the exclusive financial advisor to Chorus One throughout the deal. The combined firm now stands as one of the more capable institutional staking providers in the market. With broader network coverage and deeper research capacity, BOS is well-positioned to meet growing client demand.
The post Bitwise Acquires Chorus One to Strengthen Institutional Staking Across 30+ Proof-of-Stake Networks appeared first on Blockonomi.
AI using stablecoins is emerging as the biggest threat to global payment companies, and financial markets are already responding.
Visa fell 4.6%, Mastercard dropped 5.7%, American Express declined 7.2%, and Capital One slid 8.8% in recent trading.
The sell-off reflects a growing concern that AI-driven payment systems could permanently undercut the fee-based business models that have defined card networks for decades.
The shift is no longer theoretical — adoption data and institutional behavior suggest it is already underway.
The threat is not stablecoins alone. The threat is AI choosing stablecoins over legacy payment rails at scale. AI agents do not carry brand preferences or banking relationships.
They evaluate speed, cost, and efficiency — then route accordingly. That behavior puts percentage-based card fees directly in the crosshairs.
Card payments currently cost merchants between 2% and 3.5% per transaction. Cross-border payments often exceed 4% once currency spreads and intermediary fees are factored in.
Stablecoin networks settle the same transactions within seconds, at a fraction of a cent per transfer. For an AI system managing thousands of payments daily, that difference is not a preference — it is a calculation.
Bull Theory captured the concern plainly, writing that “AI systems do not choose payment methods based on brand or existing infrastructure.
They automatically select the fastest and cheapest way to settle transactions.” That mechanical decision-making removes the behavioral loyalty that traditional payment networks have long relied on.
The scale of what is at stake makes this threat hard to dismiss. B2B payment flows alone exceed $1.6 quadrillion annually. Global remittance fees still average 6.6%, according to World Bank data.
Even a partial migration toward stablecoin settlement redirects enormous revenue away from card networks and toward cheaper digital infrastructure.
The growth numbers behind stablecoins reinforce why markets are paying attention now. Stablecoin transaction volume reached roughly $33 trillion in 2025, growing more than 70% year over year. Total supply has expanded past $300 billion, compared with approximately $10 billion just a few years ago.
Citi estimates stablecoin supply could reach $1.9 trillion by 2030 and potentially $4 trillion under a bullish scenario.
At that level, stablecoin issuers could rank among the largest buyers of U.S. Treasury bills globally. That trajectory also puts pressure on banks, which depend on deposits to fund lending activity.
Fireblocks research shows nearly half of financial institutions already use stablecoins for payments. More than 80% report readiness to expand that infrastructure further.
McKinsey estimates real-world stablecoin payments across payroll, remittances, and business settlement already approach $390 billion annually and are growing rapidly.
Even Visa and Mastercard are integrating stablecoin settlement infrastructure behind the scenes — an acknowledgment that the threat is real.
Payment networks are not collapsing overnight, but the fee structures that made them profitable are facing a direct challenge from AI systems built to eliminate unnecessary cost at every step.
The post AI Using Stablecoins Is the Biggest Threat to Global Payment Companies appeared first on Blockonomi.
The Ethereum Foundation advanced its treasury strategy this week and began staking part of its holdings as it increased its direct participation in network consensus, and the move introduced new operational details from the group as it outlined its intentions for secure validator deployment.
The foundation confirmed its first onchain step and deposited 2,016 Ether as it prepared to stake about 70,000 Ether in total, and it said all future rewards would support protocol research and development. It also said those rewards would continue to support ecosystem growth and grants.
The group adopted open-source tools and deployed new validators through Dirk and Vouch, and it emphasized their shared role in secure validator operations. It stated that both tools handled keys across many operators to avoid any single point of failure.
Dirk functioned as a distributed signer, and Vouch acted as a validator client, and both tools came from Attestant and now operate under Bitwise’s staking stack. Bitwise engineer Chris Berry said the tools were “built with the mindset to fulfill the duties of an honest validator.”
He added that the tools brought client variety, and he also said they supported non-custodial key control and compliance. He stated that these elements matched Ethereum’s broader values.
The foundation said its system used minority clients and mixed hosted infrastructure with self-managed hardware, and it spread its operations across several jurisdictions. It also said this setup aligned with established staking practices.
The approach followed long-running concerns about client usage concentration, and it reflected the need for wider support across all validator tools. The foundation said its own configuration showed an applied commitment to that concern.
Industry watchers have tracked the evolution of Ethereum clients, and they have watched operators move toward narrow client selections. The foundation’s actions directed attention to this area again, and its stack aimed to show a contrasting example.
Berry said the approach showed trust in the implementation of the software, and he added that the configuration supported the responsibilities of secure validators. He said team decisions followed long-term priorities.
Ethereum staking continued to expand in recent months, and the share of staked Ether now reached about 30 percent of the supply. Large custodians and liquid staking platforms still held large validator shares.
Observers continued to track those concentrations, and they watched professional operators build optimized systems. The foundation’s move entered this environment with new onchain engagement.
Berry said Ethereum always kept decentralization and security at the protocol level, and he mentioned mechanisms designed to address stakeholder changes. He also said institutional staking remained highly competitive.
The post Ethereum Foundation Stakes Treasury ETH While Client Diversity Issues Rise appeared first on Blockonomi.
Every meme coin that created millionaires had one thing in common. There was a brief window where the price sat at almost nothing and the only people who got rich were the ones who figured out how to buy early. That window is open for Pepeto right now. And this guide shows you exactly where to buy Pepeto before it closes.
Pepeto is currently in its presale phase at pepeto.io. The price is $0.000000185. Over $7.258 million raised. More than 70% filled. Once it sells out, this entry price vanishes. Here is everything you need to know about where to buy Pepeto and how to secure your position.
Pepeto is available exclusively at pepeto.io. It is not listed on Binance, Coinbase, Uniswap, PancakeSwap, or any other platform. If you see a token called PEPETO trading on any exchange or DEX right now, it is fake. The real Pepeto token has not been deployed on chain yet. It only becomes tradable after the presale closes and the Token Generation Event launches.
The viral growth of the project has attracted scammers who deploy imitation tokens to trick investors. Always verify you are on pepeto.io before connecting your wallet. The official social media channels share the correct link and presale updates.

Buying Pepeto takes less than five minutes.
First, download MetaMask or Trust Wallet or any other supported wallet. Save your recovery phrase offline. Never store it on your phone or computer.
Second, fund your wallet. Transfer ETH, USDT, or BNB from Coinbase or Binance. You can also buy directly on pepeto.io with a credit card. Keep a small amount for gas fees.
Third, visit pepeto.io and click “Connect Wallet.” Approve the connection in your wallet app. Always verify the URL.
Fourth, enter the amount you want to invest. The dashboard shows how many PEPETO tokens you receive. No minimum.
Fifth, click “Buy” or “Buy and Stake” for 212% APY. Confirm in your wallet. Your allocation is claimable after the Token Generation Event.
This is where the math gets interesting. And this is why over $7.258 million has already poured into the presale.
Pepeto is not a copy paste meme token. It is the first trading infrastructure platform purpose built for the $45 billion meme coin economy. Three working demo products are live today. A cross chain swap for trading meme coins across networks. A blockchain bridge for moving assets between chains. A zero fee exchange that saves real money on every transaction. Holders can test all three right now at pepeto.io.
SolidProof and Coinsult both completed independent audits with zero critical issues found. Zero percent tax on every transaction. An original Pepe Coin cofounder is building behind it. And a confirmed Binance listing is on the way.
At $0.000000185, think about what these numbers mean. A $5,000 position fills your bag before exchanges go live. Conservative 50x puts that at $250,000. A 100x to $50 million cap delivers $500,000. And if Pepeto reaches even a fraction of what DOGE or SHIB hit with zero products, the calculator breaks.
That same $5,000 earns roughly $10,700 per year through 212% APY staking. But the staking is just the bonus on top of the real play. The real play is buying at six zeros before the rest of the market catches on.

Only buy at pepeto.io. Never click presale links from random messages. Never share your seed phrase with anyone. Double check the URL every time. Any PEPETO token trading on exchanges right now is not real.
The Pepeto presale is live at pepeto.io with ETH, USDT, BNB, and credit card options. No minimum. 212% APY staking. Over $7.258 million raised and 70% filled. Dual audits. Three working demos. At $0.000000185, every day you wait is a day closer to this price disappearing forever.
Click To Visit Official Website To Buy Pepeto

FAQs
Where to buy Pepeto tokens in 2026?
Pepeto is only available at pepeto.io during its presale phase. It is not on any exchange or DEX. Connect MetaMask or Trust Wallet and pay with ETH, USDT, BNB, or credit card.
Is the Pepeto presale safe?
SolidProof and Coinsult audited the smart contract with no critical issues. Zero tax. No KYC required. Standard Web3 wallet connection. Always verify you are on pepeto.io.
How much could Pepeto be worth after listing?
At $0.000000185, a 100x needs just $50 million cap. SHIB hit $40 billion with zero products. Pepeto has three working demos, dual audits, and a confirmed Binance listing ahead.
The post Where to Buy Pepeto: The Only Guide You Need Before This Presale Sells Out and Early Investors Lock In 100x Returns appeared first on Blockonomi.
DeFi continues to shape how Ethereum delivers value to users worldwide. Ethereum co-founder Vitalik Buterin recently outlined the Ethereum Foundation’s position on decentralized finance.
His statement addresses both the current state of DeFi and the direction the ecosystem must take. Financial empowerment, he argues, is core to individual agency.
The Foundation intends to support only DeFi that meets specific standards of openness, security, and user control.
Buterin stated that DeFi today makes the world’s best savings and wealth-building tools available permissionlessly. However, the Foundation is not interested in supporting “onchain finance” indiscriminately.
Instead, it backs a specific vision centered on open-source, private, and security-first global finance. The focus remains on minimizing centralized chokepoints and trusted third parties.
A key requirement the Foundation introduced is what Buterin calls the “walkaway test.” Protocols must keep working even if the original development team disappears without warning.
This standard ensures that users are never left exposed due to team failures or compromise. It is a practical measure that separates resilient protocols from fragile ones.
Buterin also pointed to oracle security as a pressing concern. He described it as having “a lot of skeletons in the closet,” calling for the ecosystem to focus sharply on the issue.
Oracles serve as bridges between blockchains and external data, making their integrity critical. Weak oracle design has historically been a major attack vector in DeFi.
Privacy also featured prominently in the Foundation’s outlined priorities. Buterin raised the question of what a maximally privacy-preserving collateralized debt position would look like.
He noted that privacy can reduce liquidation-sniping risk for users. However, achieving it requires technically demanding solutions that the ecosystem has yet to fully develop.
Buterin reflected on Ethereum’s early DeFi era as a period that dared to innovate. Automated market makers were cited as an example of genuinely new paradigms that emerged from that time.
He called on developers not to simply build a better version of existing products. Instead, they should dig a layer deeper and address the underlying financial problem more directly.
Modern portfolio theory frames finance around two goals: risk management and wealth building. Buterin pointed to these as the core outcomes DeFi should deliver, alongside payments.
This framing moves the conversation away from product iteration and toward structural problem-solving. It sets a higher bar for what qualifies as meaningful DeFi innovation.
The Foundation also flagged open-source licensing and forkability as areas requiring attention. Protocols that cannot be forked freely create dependencies that undermine decentralization.
Improving the licensing environment would allow communities to maintain and adapt financial infrastructure independently. This supports the broader goal of eliminating centralized control points from the financial stack.
Ethereum remains a permissionless protocol, meaning anyone can still deploy systems that fall short of these standards. However, the Foundation has made its preferences clear and will direct its support accordingly.
The post DeFi Remains Central to Ethereum’s Vision, Says Vitalik Buterin appeared first on Blockonomi.
In a bid to calm investor nerves after confirming that it has sold all of its Bitcoin holdings, Bitdeer Technologies framed the move as a deliberate liquidity decision rather than a bearish signal on the asset itself.
In a recent statement, the Singapore-based miner stated that converting newly mined Bitcoin into cash is a pragmatic step as it evaluates several non-binding opportunities to acquire powered land, a process that requires capital readiness well before deals are finalized.
Despite the sale, Bitdeer continues to scale aggressively on the operational front. It ramped up self-mining capacity to more than 63 EH/s and sharply increased Bitcoin production year over year, even as it sold the entirety of its recent output rather than retaining it on the balance sheet. Its official announcement on X read,
“Our decision to sell Bitcoin should not be a concern for the broader market. Our hash rate will continue to grow, and we will continue to mine more Bitcoin for the interest of our shareholders.”
The latest move represents a significant departure from the balance-sheet accumulation strategy popularized by firms such as Strategy, which has treated Bitcoin as a long-term reserve asset.
At the same time, the firm is accelerating a strategic pivot that further explains its cash needs – expansion into AI and high-performance computing infrastructure. Deploying large-scale GPU systems and converting existing mining sites in the US and Europe into AI-ready data centers demands substantially more upfront capital than incremental mining buildouts, which makes the sale more rational.
Bitdeer isn’t the only player to have offloaded its BTC stash. In fact, there has been an emerging pattern among public miners such as Riot Platforms, Bitfarms, and Core Scientific, many of which have partially sold mined Bitcoin or diversified into AI to stabilize cash flows.
Even so, Bitdeer’s decision to completely exit Bitcoin holdings places it outside the norm for publicly traded miners. Most of its peers still maintain sizable treasuries. For instance, MARA Holdings holds more than 53,000 BTC, while Riot Platforms retains close to 18,000 BTC.
The post Zero Bitcoin: Why This Miner Is Selling Everything It Produces appeared first on CryptoPotato.
Earlier this month, Pi Network celebrated the first anniversary of its Open Network launch.
To mark the milestone, the co-founders of the controversial crypto project answered a series of questions to offer users more insight into Pi’s future strategy, approach, and current work.
The co-founders, Chengdiao Fan and Nicolas Kokkalis, started by praising the “incredible advances” in Pi Network’s activity, app development initiatives, and platform-level utility releases over the past year. Fan asserted that in the next 12 months, the team will focus on expanding its ecosystem by creating additional opportunities for users.
Then they moved to the first question: what makes Pi Network different from other blockchains, and why does utility matter? Fan described Pi as “nonconformist,” emphasizing that it sets itself apart in several fundamental ways. She highlighted that the project has never conducted an ICO, is built on a mobile-first approach, is free to mine, and has already amassed tens of millions of verified users worldwide.
From there, the discussion shifted toward Pi Network’s emphasis on real-world utility. Fan explained that Pi’s vision has always centered on enabling tokens to participate in genuine economic activity rather than relying solely on abstract financial mechanisms. In her view, this approach is reinforced by Pi’s fully KYC-verified user base, which the team considers essential for supporting real-world assets and meaningful value creation across the ecosystem.
The next question, “What is the network working on now?” was answered by Kokkalis. He asserted that KYC and migration remain a top priority, adding that the team has started increasing KYC throughput, unblocking more users, boosting speed, and allowing second migrations.
“We are also on track to roll out KYC validator rewards this quarter in a secure and scalable way. In terms of Developer tools and support, we’re supporting developers, lowering the barrier to building on Pi through improved tooling and simpler integrations, including new tools like much faster Pi payment setups, along with ongoing support to help developers launch and scale real utilities,” he added.
Moreover, Kokkalis said the team will continue working on Nodes, protocol upgrades, and components like DEX functionality and liqduity pools.
Perhaps the most important question intriguing a large part of the community is the significance of the Know-Your-Customer process and what comes next. Kokkalis said the team has spent years building its KYC solution, explaining that because Pioneers are spread across the globe, the system needed to achieve broad geographic coverage and scalability.
The co-founder added that the heavy investment in the function was intentional, as identity verification is important to the integrity and authenticity of the entire network. Looking ahead, he noted that the team intends to offer its KYC technology as a service to external projects, thus turning it into a capability that could support Web3 and traditional businesses.
Another question for the founders focused on clarifying what Pi ecosystem tokens actually are. Fan explained that those are coins created by the community and issued on Pi.
“As many of you know, ecosystem tokens have already been released on Testnet, and we are finalizing their implementation on Mainnet. While technology and product are obviously important, we believe the most critical factor on Mainnet will be their design,” she added.
Fan believes that the ability to issue tokens is an “important superpower” of Web3, yet she thinks many coins in the crypto space are designed with no real-world use.
The last question focused on the fast-evolving Artificial Intelligence sector and how Pi Network plans to integrate that technology. Fan explained that AI is reshaping how value is created, making it essential for blockchain networks to support real-world production rather than rely on speculation. She stated that Pi’s strategy is to build AI-powered apps using tools such as Pi App Studio.
Judging by the comments under Pi Network’s anniversary announcement, plenty of users continue to struggle with major issues and urged the team to act more urgently.
Some Pioneers claimed they’ve been waiting for five-six years to complete the necessary verification steps and migrate to the mainnet, yet still haven’t been able to do so. Others went even further, calling Pi Network “a dirty scam project.”
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The blockchain’s quantum conundrum is intensifying, raising fresh concerns about whether Bitcoin can survive the long-term threat posed by quantum computing.
A veteran bull has warned that it poses Bitcoin’s first truly existential risk, but is being ignored.
Charles Edwards, founder of Capriole Investments, said he is more concerned about Bitcoin’s future today than at any point across multiple market cycles, while citing the growing threat posed by quantum computing.
In a post on X, Edwards explained that he had previously remained confident through extreme price crashes, exchange shutdowns, hacks, and major frauds such as the collapse of FTX. He said those events never undermined his long-term outlook on Bitcoin.
However, the current risk is different in nature, according to Edwards, who warned that Bitcoin’s existing cryptographic defenses are not adequate to withstand advances in quantum technology. He compared the situation to outdated military strategies being deployed against modern warfare, and stated that Bitcoin “does not stand a chance” without adaptation.
The investor also added that the most troubling aspect is not only the severity of the quantum threat itself, but what he described as the dismissal and lack of urgency surrounding the issue.
CryptoQuant founder Ki Young Ju had also voiced concerns about the growing quantum computing threat facing Bitcoin. He said that protecting the network may require difficult decisions. One potential solution, according to Ju, could be freezing older Bitcoin addresses as part of a quantum-resistant upgrade.
He added that implementing such changes would be challenging, as the crypto community has often struggled to agree on protocol updates. Ju even went on to add that assets considered secure today may not remain safe if quantum technology continues to advance.
Not everyone in the crypto industry agrees on how urgent the threat to the world’s largest cryptocurrency really is. In December, Jameson Lopp, co-founder and chief security officer of Casa, said quantum computers do not pose a near-term risk to Bitcoin. He believes the technology remains far from being able to break Bitcoin’s cryptography. Lopp acknowledged that researchers should continue monitoring progress in the field, but said fears of an imminent threat are premature. He also noted that preparing Bitcoin for a post-quantum future would be a long process.
Similar views have been expressed by Grayscale, which said in a recent report that quantum computing is unlikely to have a meaningful impact on crypto markets in 2026. While acknowledging long-term risks, the firm downplayed short-term consequences.
More recently, Strategy co-founder Michael Saylor also minimized the concern. Speaking on Coin Stories with Natalie Brunell, Saylor said most cybersecurity experts believe any credible quantum threat remains more than a decade away.
The post After Crashes, Hacks, and FTX, a Veteran Investor Says This Is the Real Bitcoin Danger appeared first on CryptoPotato.
[PRESS RELEASE – New York, New York, February 24th, 2026]
U.S. spot ETF significantly expands regulated investor access to the Sui ecosystem in the world’s largest capital market
The Sui Foundation today announced that trading has officially commenced on the Nasdaq for TSUI, a spot SUI ETF issued by 21shares, a global leader in crypto exchange-traded products. The fund provides U.S. investors with a regulated, high-liquidity vehicle to gain direct exposure to Sui’s performance through their existing brokerage accounts following recent SEC approval.
The launch marks another major milestone in Sui’s continued growth as a payments platform and modern global finance layer. Sui is the full stack for a new global economy, founded by the tech leaders who spearheaded Meta’s Diem and Libra initiatives, and is advancing a vision of moving money as freely as messages. 21shares has long been at the forefront of bringing digital asset exposure into traditional financial markets, offering a broad suite of regulated crypto ETPs across Europe and beyond. Its expansion into a U.S. spot SUI ETF reflects accelerating institutional confidence in Sui’s infrastructure and ecosystem.
Spot ETFs provide exposure directly tied to the underlying SUI token, offering a straightforward structure for both institutional and retail investors seeking secure and compliant access to emerging blockchain ecosystems.
Sui’s traction with institutions is rooted in its unique technical design. Built using the Move programming language, Sui’s object-centric model enables parallel execution, sub-second finality, and horizontally scalable throughput. This architecture supports payments, tokenization, stablecoins, BTCfi, and decentralized finance at internet scale, eliminating many of the frictions found on earlier blockchains.
“TSUI marks yet another widely-available access point to Sui, leveraging the industry’s preeminent tech stack to support global payments use cases and financial applications at scale,” said Evan Cheng, Co-Founder and CEO of Mysten Labs, the original contributor to Sui. “In a little more than two years, Sui has made significant inroads into payments and cross-border settlement, which has transformed it into one of the world’s most robust onchain economies and attracted the interest of leading institutions like 21shares as a result.”
The ETF approval arrives amid surging institutional interest in Sui, joining a growing list of institutional-grade products or planned initiatives, including from Bitwise, Canary Capital, Franklin Templeton, Grayscale, and VanEck. In December 2025, 21shares also launched the first leveraged ETFin the U.S. tied to SUI. The introduction of TSUI expands access further through a straightforward, spot-based structure.
“Following our successful launch of a leveraged SUI product, the introduction of TSUI represents the next step in expanding access to Sui through a straightforward, spot-based structure,” said Duncan Moir, President of 21shares. “Sui’s rapid ecosystem growth, technical strength, and institutional relevance were clear to us early on. We are pleased to provide U.S. investors with transparent tools to access this next-generation blockchain.”
As institutional capital continues to enter digital assets and stablecoins gain traction as a global payments layer, Sui’s scalable, low-latency infrastructure is designed to meet the demands of modern finance. To learn more about Sui and explore the ecosystem, visit https://sui.io.
About Sui
Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Learn more at sui.io.
Contact: media@sui.io
About 21shares
21shares is one of the world’s leading cryptocurrency exchange traded product providers and offers the largest suite of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21sShares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto exchange-traded funds that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialized research team, proprietary technology, and deep capital markets expertise, 21shares delivers innovative, simple and cost-efficient investment solutions.
21shares is a member of 21.co, a global leader in decentralized finance. For more information, please visit www.21shares.com.
Contact: press@21shares.com
Important Information
Investing involves risk, including the possible loss of principal. There is no assurance that TSUI (“the Fund”) will generate a profit for investors.
There are special risks associated with short selling and margin investing. Please ask your financial advisor for more information about these risks. SUI is a relatively new asset class, and the market for SUI is subject to rapid changes and uncertainty. SUI is largely unregulated and SUI investments may be more susceptible to fraud and manipulation than more regulated investments.
SUI is subject to unique and substantial risks, including significant price volatility and lack of liquidity, and theft. The value of an investment in the Fund could decline significantly and without warning, including to zero. SUI is subject to rapid price swings, including as a result of actions
and statements by influencers and the media, changes in the supply of and demand for SUI, and other factors. There is no assurance that SUI will maintain its value over the long-term.
The trading prices of many digital assets, including SUI, have experienced extreme volatility in recent periods and may continue to do so.Extreme volatility in the future, including further declines in the trading prices of SUI, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
Failure by the Fund’s SUI Custodian to exercise due care in the safekeeping of the Fund’s SUI could result in a loss to the Fund. Shareholders cannot be assured that the SUI Custodian will maintain adequate insurance with respect to the SUI held by the custodian on behalf of the Fund.
The Fund is not actively managed and will not take any actions to take advantage, or mitigate the impacts, of volatility in the price of SUI. An investment in the Fund is not a direct investment in SUI. Investors will also forgo certain rights conferred by owning SUI directly. Shares of the Fund are generally bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Only Authorized Participants may trade directly with the Fund and only large blocks of Shares called “creation units.” Your brokerage commissions will reduce returns.
If an active trading market for the Shares does not develop or continue to exist, the market prices and liquidity of the Shares may be adversely affected.
Shares in the Fund are not FDIC insured and may lose value and have no bank guarantee.
This material must be accompanied or preceded by a prospectus. Carefully consider the Fund’s investment objectives, risk factors, and fees and expenses before investing. For further discussion of the risks associated with an investment in the Fund please read the Fund’s prospectus: https://www.21shares.com/en-us/product/SUI
The Marketing Agent is Foreside Global Services, LLC
21Shares US LLC is the Sponsor to the Fund.
21Shares is not affiliated with Foreside Global Services LLC
2026. 21Shares US LLC. No part of this material may be reproduced in any form, or referred to in any other publication, without written permission.
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HYPE, the native token of the decentralized exchange Hyperliquid, has performed quite poorly lately, coinciding with the red wave sweeping through the entire crypto sector.
The token has been the subject of numerous price predictions, with some analysts envisioning additional declines in the short term.
Currently, HYPE is worth roughly $26, representing an 11% weekly loss and a 56% collapse from its all-time high of almost $60 registered in mid-September last year.
The popular market observer Ali Martinez analyzed the asset’s recent performance and concluded that it is breaking out of a certain triangle formation, risking a further plunge to as low as $20. Sjuul | AltCryptoGems also envisioned a deeper pullback ahead.
“As you can see, price action started to slow down and is locally breaking down. Since we have a big cap below, I would not be surprised to see a bigger correction coming,” he added.
Nebraskangooner appears to be the biggest pessimist. He claimed HYPE has been rejected at a key resistance level, forecasting the eventual collapse to zero.
HYPE’s recent exchange netflow reinforces the bearish scenario. Over the last few days, inflows have slightly surpassed outflows, suggesting that some investors have moved away from self-custody and shifted their holdings to centralized platforms. This doesn’t necessarily mean they intend to cash out, but in many cases, such transfers do precede selling activity.

The optimists, who forecast that Hyperliquid’s native token could rally substantially in the near future, are just as vocal. X user HYPEconimst suggested that the possible path ahead is a sweep to $27.5, a reclaim of the $30.5 zone, and a pump to $45.5.
The analyst, who goes by the name ryandcrypto on the social media platform, argued that the asset’s price will not plunge below $20 “easily” and “would probably take BTC going well below $60K.”
For their part, TraderSZ envisioned significant volatility ahead and an eventual ascent above $36 in the coming months.
HYPE’s Relative Strength Index (RSI) also hints that a resurgence might be on the way. The technical analysis tool shows whether the asset is overbought or oversold by measuring the speed and magnitude of recent price changes. It runs from 0 to 100, where ratios around and below 30 indicate a rally could be incoming, while anything above 70 is considered bearish territory. As of this writing, the RSI stands just north of the bullish zone.

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