Struggling Coinbase Gets Price Target Cut From JPMorgan Ahead of Thursday Earnings
Coinbase’s shares have fallen more than 50 % since Bitcoin’s October rally, prompting JPMorgan to lower its price target to $290 from $399 ahead of the Q4 earnings release. The new target still implies about 75 % upside from the current $1,655 price. JPMorgan forecasts Q4 adjusted EBITDA of $734 million, down from $801 million, with spot‑trading volume projected at $263 billion and Deribit contributing roughly $117 million in revenue. Analysts remain cautious, noting revenue sensitivity to crypto price swings and USDC growth.
Tether Invests in LayerZero Labs as It Doubles Down on Cross-Chain Tech, Agentic Finance
Tether Investments has poured capital into LayerZero Labs, backing the interoperability protocol that powers its blockchain‑agnostic stablecoin USDt0. The token, built on LayerZero’s Omnichain Fungible Token (OFT) standard, has moved more than $70 billion across multiple chains in under a year....
Crypto Exchange Kraken Fires Chief Financial Officer Ahead of Long-Awaited IPO
Kraken moved chief financial officer Stephanie Lemmerman to a strategic advisory role, effectively removing her from day‑to‑day finance leadership as the crypto exchange readies a U.S. IPO. Robert Moore, formerly VP of business expansion, has stepped in as deputy CFO,...
Blockchain.com Wins UK Registration Nearly Four Years After Abandoning FCA Process
Blockchain.com has been added to the FCA’s register of licensed crypto companies under the trading name “BC Operations,” marking its return to the UK regulatory framework after withdrawing its licence application in March 2022. The registration permits the exchange to...
Jump Trading to Take Small Stakes in Polymarket, Kalshi: Bloomberg
Jump Trading is taking equity positions in the leading prediction‑market platforms Kalshi and Polymarket, according to Bloomberg. The firm will receive a fixed share of Kalshi’s equity, while its Polymarket stake will expand proportionally to the liquidity it supplies to...
I'm Not Confident We Hit a True Capitulation in Bitcoin, Derivatives Expert Says
Bitcoin briefly fell below $60,000 before rebounding to around $70,000, prompting debate over whether a capitulation event occurred. Derivatives analyst Greg Magadini notes that the 90‑day futures basis stayed near a 4% premium, far less bearish than the 9% discount...
LMAX Unveils New Exchange to Break the Wall Down Between Crypto and FX
LMAX Group launched Omnia Exchange, a unified multi‑asset platform that lets institutions trade any currency, crypto, stablecoin or digital asset directly against any other 24/7. The service removes size and type limits and offers settlement on traditional clearing rails or...
AI Is No Savior when Markets Get Tough … but It Can Help, Says Nickel Digital Chief
Nickel Digital Asset Management’s CEO Anatoly Crachilov says AI is a powerful tool but not a market savior, especially in volatile crypto conditions. A recent Nickel survey found 96% of executives at firms managing roughly $14 trillion rely on AI for...
U.S. Bitcoin ETFs Register Back-to-Back Inflows for First Time in a Month
U.S. bitcoin exchange‑traded funds posted back‑to‑back net inflows of $616 million, ending a redemption streak that began in mid‑January. The first day saw $471.1 million, followed by $144.9 million as bitcoin rallied from a $60,000 low to around $70,000. Despite a 50 % price...
McHenry Predicts Fast Crypto Deal as Witt Brokers Talks
Former House Financial Services Chair Patrick McHenry and White House adviser Patrick Witt told CoinDesk Live that a sweeping crypto market‑structure bill could be finalized within months, potentially reaching the president’s desk by Memorial Day. They highlighted growing bipartisan momentum in Washington,...
Farcaster Founders Join Stablecoin Startup Tempo After Neynar Acquires Social Protocol
Farcaster co‑founders Dan Romero and Varun Srinivasan have left the crypto‑social platform to join stablecoin startup Tempo after Neynar acquired Farcaster. Their exit follows the transfer of Farcaster’s infrastructure to Neynar, prompting the founders and key engineers to step away....
Cipher Mining and TeraWulf Are Buys, MARA a Sell, as Morgan Stanley Begins Bitcoin Miner Coverage
Morgan Stanley launched coverage of three listed bitcoin miners, giving Overweight ratings to Cipher Mining (CIFR) and TeraWulf (WULF) with price targets of $38 and $37, while assigning an Underweight rating to Marathon Digital (MARA) with an $8 target. The...
Tom Lee’s Bitmine Immersion Added 40,613 Ether Last Week as Prices Crashed
Bitmine Immersion Technologies, led by Tom Lee, added 40,613 ETH to its holdings last week, raising its total to over 4.3 million tokens valued at about $8.7 billion. The purchase occurred as ETH price fell from above $2,300 to just over...
Bitcoin Mining Difficulty Drops by Most Since 2021 as Miners Capitulate
Bitcoin’s mining difficulty fell 11 percent to 125.86 trillion, the steepest decline since the 2021 China crackdown. The drop follows a halving of Bitcoin’s price from its $126,000 peak and a 50 percent slump in miner revenue per terahash, now around $35. Winter...
Here's How Market Makers Likely Accelerated Bitcoin's Brutal Crash to $60,000
Bitcoin plunged from $77,000 to near $60,000 in early February 2026, erasing billions in market value. Analysts attribute the steep drop not only to macro pressures but also to market makers’ hedging actions in the options market. With roughly $1.5 billion...
Story Co-Founder Defends Token Unlock Delay, Says Project Needs ‘More Time’
Story Protocol co‑founder S.Y. Lee justified delaying the first major IP token unlock to August 2026, arguing the blockchain needs additional time to build usage and that on‑chain revenue is an inappropriate performance metric. The six‑month extension keeps team and investor...
$44B Bitcoin Blunder Puts South Korea Regulators on Alert over Local Crypto Exchanges
South Korea’s Financial Supervisory Service (FSS) is tightening crypto oversight after Bithumb mistakenly credited users with roughly 2,000 bitcoin each, a $44 billion error. The regulator announced investigations into high‑risk practices such as whale manipulation, pump‑and‑dump schemes, and suspended deposit trading....
Takaichi Triumph: Japan’s Record 56,000 Nikkei Surge Sends Bitcoin to $72,000, Gold Past $5,000
Japan’s Nikkei 225 surged past 57,000, climbing 3.4% after Prime Minister Sanae Takaichi secured a supermajority in the February 9 election. The win unlocked a $135 billion expansionary fiscal package focused on infrastructure spending and tax cuts. The so‑called “Takaichi Trade”...
Bitcoin Bulls Spot Bottoming Signs as Longtime Bears Take Victory Laps
Bitcoin slipped below $70,000 as the market entered a sharper free‑fall, prompting long‑time skeptics at the Financial Times and gold‑bug Peter Schiff to celebrate the decline. The article highlights the continued erosion of institutional exposure, noting MicroStrategy’s Bitcoin holdings are down roughly...
Odds of Jesus Christ Appearing in 2026 Double, Beating Return on Bitcoin
Traders on Polymarket have pushed the implied probability of the Second Coming of Jesus Christ in 2026 to roughly 4%, more than doubling the odds since early January. The binary contract, now trading at about four cents, has generated a...
Broad-Based Bitcoin Accumulation Emerges After Sharp Capitulation
Bitcoin dropped from around $80,000 to $60,000 in early February, triggering a sharp capitulation. Glassnode’s Accumulation Trend Score, which gauges buying pressure across wallet sizes, climbed to 0.68, indicating broad‑based accumulation for the first time since late November. The most...
Why Machine-to-Machine Payments Are the New Electricity for the Digital Age
The article argues that machine‑to‑machine (M2M) payments will become the economic equivalent of electricity, powering a fully autonomous digital economy. Continuous micro‑transactions, enabled by blockchain’s near‑zero‑fee, low‑latency rails, will let devices buy data, power, and services in real time without...
SOL-Focused Forward Industries Has Had a Tough Run, but CIO Says It's Positioned for Success
Forward Industries (FWDI) has emerged as the largest public Solana‑focused treasury company after raising $1.65 billion in 2025, giving it a roughly $600 million SOL position at current prices. The firm carries no corporate debt, positioning it as an unlevered player in...
Cardano's Charles Hoskinson Reveals $3 Billion Unrealized Loss in Crypto Rout
Cardano founder Charles Hoskinson disclosed more than $3 billion in unrealized losses as the crypto market slumped, with Bitcoin sliding to roughly $60,000—a 16% drop—and the broader CoinDesk 20 index falling 17%. Cardano’s ADA token fell 15.6% over the same week. Hoskinson...
Crypto's Eligibility for 401k Retirement Funds Is Under Fire After Brutal Market Rout Wipes Out $2 Trillion
Bitcoin’s 50% plunge erased $2 trillion in market value, reigniting debate over crypto in 401(k) plans. An August executive order by former President Trump and supportive comments from SEC Chair Paul Atkins opened retirement accounts to alternative assets, including digital currencies....
Why Normalization of Digital Asset Treasuries Is the Next Big Business Trend
The article argues that the hype‑driven “wild west” era for corporate digital asset treasuries (DATs) is ending. Companies that merely raise cash to buy and hold cryptocurrencies are facing heightened investor scrutiny and regulatory pressure. Jolie Kahn emphasizes that robust...
Bitcoin Crashed to $55,000 on Bithumb After Exchange Accidentally Airdropped Users 2,000 BTC
South Korean exchange Bithumb experienced a flash crash when an internal error mistakenly credited users with 2,000 BTC each instead of a modest 2,000‑won reward. The phantom balances triggered a rapid sell‑off, pushing the BTC/KRW price to $55,000, about 15.8% lower...
China Expands Crypto Crackdown to Stablecoins, Asset Tokenization
Chinese regulators issued a joint notice expanding the nation’s crypto crackdown to include stablecoins and the tokenization of real‑world assets. The rules prohibit any entity, domestic or foreign, from issuing yuan‑pegged stablecoins abroad without explicit approval and require firms to...
Bitcoin Rises to $70,000, Extending Bounce From Thursday's Crash
Bitcoin surged past $70,000 on Friday, marking a 17% rally since yesterday’s $60,000 low and a 2.5% gain over the past 24 hours. The price jump lifted crypto‑related equities, with Strategy, Galaxy Digital and MARA posting double‑digit advances. Michael Saylor...
Bitfarms Shares Surge After It Ditches Its 'Bitcoin Company' Identity and Doubles Down on AI with U.S. Move
Bitfarms announced it will redomicile to the United States, rebrand as Keel Infrastructure and shift focus from Bitcoin mining to high‑performance computing and AI data‑center development. The move includes a planned Nasdaq listing under the ticker KEEL and a dual...
Weak Earnings Drag IREN, Amazon; Bitcoin Stocks Rebound in Pre-Market
AI‑focused companies IREN and Amazon posted mixed earnings, while Bitcoin’s rally lifted crypto‑related stocks in pre‑market trading. IREN’s Q2 revenue fell to $184.7 million and it recorded a $155.4 million loss, but secured $3.6 billion in GPU financing and a $1.9 billion pre‑payment covering...
U.S. Job Losses at 17-Year High Raise Positive Signals for Bitcoin Bulls
U.S. planned layoffs surged 205% in January, reaching 108,435 – the highest level since 2009 – signaling a rapid cooling of the labor market. Private indicators such as the Truflation inflation metric also point to weakening economic pressure, diverging from...
Jefferies Sees Few Signs of a Crypto Bottom yet Flags Upside for Tokens with Fundamentals
Jefferies says the current crypto sell‑off shows few signs of an imminent bottom, describing the dip as a liquidity‑driven correction rather than a collapse in blockchain activity. Bitcoin trades near $64,800, about 47% below its October 2025 peak, while ether hovers...
Bitcoin Miner MARA Moves $87 Million BTC to Various Trading Desks and Exchanges: Arkham
Marathon Digital (MARA) moved 1,318 BTC—about $87 million—across several counterparties within ten hours, according to Arkham data. The bulk of the transfer, over 660 BTC, went to Two Prime, a credit and trading firm, while sizable amounts were sent to BitGo‑tagged addresses and...
U.S.-Iran Warning Resurfaces Ahead of Nuclear Talks, Further Pressuring Bitcoin and Crypto Markets
A U.S. advisory urging Americans to leave Iran has resurfaced as Washington and Tehran prepare for nuclear talks in Oman. The warning, originally issued in mid‑January, adds fresh geopolitical risk to an already volatile crypto market experiencing forced liquidations. Bitcoin’s...
Tether Buys $150 Million Stake in Gold.com to Boost Tokenized Gold Distribution
Tether has invested $150 million for a 12 % minority stake in Gold.com, a platform that offers both physical and tokenized gold. The deal will see Tether’s gold‑backed token XAUT integrated into Gold.com’s infrastructure, and the partners will explore buying physical bullion...
U.S. Treasury's Bessent Calls Out Crypto 'Nihilists' Resisting Market Structure Bill
U.S. Treasury Secretary Scott Bessent warned crypto firms opposing regulation to consider moving to El Salvador during a Senate Banking Committee hearing. He backed the Digital Asset Market Clarity Act, arguing it is essential for the United States to maintain a...
Gemini to Exit U.K., EU and Australia, Reduce Staff by 25%, and Focus on U.S. and Prediction Markets
Gemini Space Station Inc. announced it will cease operations in the United Kingdom, the European Union and Australia, placing regional accounts into withdrawal mode by early March and fully closing them by April 2026. The crypto exchange is cutting its...
Sovcombank Says It's the First Russian Bank to Offer Bitcoin-Backed Loans to Public
Russia's ninth‑largest bank, Sovcombank, announced it will be the first Russian financial institution to publicly offer bitcoin‑backed loans to individuals and corporations that legally own digital assets. The product follows a pilot by state‑owned Sberbank, which earlier issued a similar...
Solana Foundation's Liu: Focus on Finance, Not Gaming 'Misadventures'
Solana Foundation President Lily Liu told X that blockchains belong in finance, not gaming, dismissing years of consumer‑focused hype. She argued that merely porting apps onto a chain does not create value; true adoption requires new financial markets. Liu will...
Bitcoin's Rising Leveraged Position Points to Continued Dip Buying, but May Not yet Signal Price Bottom
Bitcoin’s leveraged long positions on Bitfinex have surged to about 77,100 BTC, the highest level since December 2023, even as the cryptocurrency slipped below $69,000. Over the past six months, margin longs rose 64% while Bitcoin’s price has dropped nearly 50% from...
Deutsche Bank Says Bitcoin’s Selloff Signals a Loss of Conviction, Not a Broken Market
Deutsche Bank says the recent Bitcoin price plunge reflects waning investor conviction rather than a structural market failure. The bank cites large institutional outflows, diminishing liquidity on major platforms, and a stalled regulatory framework as the primary catalysts. It warns...
EU at Risk of Falling Behind the U.S. in Tokenization Rules, Digital Asset Firms Warn
Eight EU‑regulated digital‑asset firms warned that the bloc’s DLT Pilot Regime is too restrictive and could cause capital‑market activity to migrate to the United States. They cite the U.S. SEC’s recent no‑action letter to DTCC and plans by Nasdaq, NYSE...
Institutions Don't Want More Risk—They Want Bitcoin Yield that Works Like TradFi, Says GlobalStake Co-Founder
Institutional investors are moving away from high‑risk DeFi Bitcoin yield products toward fully collateralized, market‑neutral strategies that mirror traditional finance. GlobalStake co‑founder Thomas Chaffee says the shift is driven by improved controls, infrastructure, and risk profiles rather than a desire...
Ether Treasury ETHZilla Pivots to Real Estate Tokenization with a $4.7 Million Housing Loan Deal
ETHZilla, an Ethereum‑focused treasury firm, announced the purchase of a $4.7 million portfolio of manufactured and modular home loans. The loans, secured by first‑lien mortgages and yielding roughly 10% annually, will be tokenized on an Ethereum layer‑2 solution. The resulting digital...
Crypto Platform Bullish Tops Q4 Estimates, Posts GAAP Loss on Digital Asset Writedowns
Bullish reported adjusted Q4 revenue of $92.5 million, surpassing the $87.8 million consensus, while GAAP earnings showed a $3.73 per‑share loss driven by non‑cash digital‑asset writedowns. The platform logged $64.3 billion in spot‑trading volume and launched an options business that generated $9 billion in...
Brazil Moves to Ban Algorithmic Stablecoins Like Ethena’s USDe
Brazil's Science, Technology and Innovation Committee approved Bill 4.308/2024, which bars the issuance and trading of algorithmic stablecoins such as Ethena’s USDe and Frax. The bill requires all stablecoins operating in Brazil to be fully backed by segregated reserve assets...
Bitcoin Crashes Below $70,000 on Bitstamp
Bitcoin slipped below the $70,000 psychological barrier on Bitstamp, reaching $69,101 during Asian trading. The same period saw Coinbase’s BTC price dip only to $70,002, creating a noticeable exchange discount. The gap is attributed to heightened selling on Robinhood‑owned Bitstamp,...
Multicoin Capital Co-Founder Kyle Samani Steps Down After Nearly a Decade to Pursue Other Areas of Tech
Kyle Samani, co‑founder and managing director of Multicoin Capital, announced his departure after nearly a decade at the firm. He will take time off to explore other technology areas while maintaining personal crypto investments. Samani highlighted the upcoming U.S. Clarity...
U.S. Regulator Declares Do-Over on Prediction Markets, Throwing Out Biden Era 'Frolic'
The U.S. Commodity Futures Trading Commission, led by newly confirmed Chairman Mike Selig, has formally withdrawn the 2024 proposal that would have banned political event‑contracts and rescinded a September advisory that confused market participants. The move restores regulatory certainty for...