Из жизни альткоинов

Председатель Банка России Эльвира Набиуллина заявила, что ради борьбы с мошенниками в стране необходимо «ввести ответственность за операции вне официально регулируемого сегмента».

Bitcoin treasury firm Strategy has continued to buy despite the market downturn as it has increased its holdings by another 2,486 BTC.

Strategy Has Added Bitcoin Worth $168 Million To Its Reserves

In a new post on X, Strategy co-founder and chairman Michael Saylor has shared the details related to the latest Bitcoin acquisition completed by the company. With this new purchase, The firm has added 2,486 BTC to its treasury at a price of $67,710 per token or $168 million in total.

According to the filing with the US Securities and Exchange Commission (SEC), the buy occurred between February 9th and 16th and was funded using proceeds from the company’s STRC and MSTR at-the-market (ATM) stock offerings.

Usually, Strategy drops its purchases on Mondays, but this time the announcement has come on a Tuesday instead. The reason behind it is likely to be the fact that this Monday was a federal holiday: Presidents’ Day.

Following the new acquisition, the treasury firm’s holdings have risen to 717,131 BTC. Strategy spent a total of $54.52 billion on this stack, but at the current exchange rate of the cryptocurrency, its value is just $48.66 billion, meaning that the company’s tokens are holding a net unrealized loss of more than 10.7%.

Strategy’s holdings have gone underwater as a result of the downturn that Bitcoin and the digital asset sector as a whole have faced in recent months. The collapse since the end of January, in particular, has taken the token’s price below the firm’s cost basis. At present, the company’s acquisition level is sitting at $76,027.

Despite its massive reserve dipping into losses, Saylor’s firm doesn’t appear to have given up on accumulating more Bitcoin. On Sunday, Strategy’s official X handle made an X post explaining that the company can withstand a BTC drawdown to $8,000 and still have assets left to fully cover its debt. “Our plan is to equitize our convertible debt over the next 3–6 years,” noted Saylor in a quote-repost

Strategy’s latest purchase was its 99th overall since the company adopted a Bitcoin treasury model back in 2020. Saylor’s routine Sunday post foreshadowing the acquisition referenced this, with the chairman using the caption “99>98” alongside an image of the company’s BTC portfolio tracker.

In related news, the largest Ethereum treasury company, BitMine, has also announced a new acquisition. The firm has purchased 45,759 ETH, taking its total holdings to 4,371,497 ETH, equivalent to 3.62% of the total Ethereum circulating supply.

BitMine has continued to buy even as the firm’s holdings have been in a significant amount of loss due to the market downturn. “In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance,” noted Tom Lee, BitMine chairman.

BTC Price

At the time of writing, Bitcoin is floating around $67,700, down nearly 2% in the last seven days.

Около 6,89 млн биткоинов сегодня уязвимы для квантовых атак, считает основатель аналитической платформы CryptoQuant Ки Янг Джу (Ki Young Ju). В том числе речь идет о примерно 1 млн BTC, которые связывают с создателем биткоина Сатоси (Сатоши) Накамото.

Правозащитная группа Coin Center призвала банковский комитет Сената США одобрить законопроект, защищающий от судебного преследования крипторазработчиков, которые не контролируют средства пользователей.

Департамент финансовой защиты и инноваций Калифорнии (DFPI) обязал работающие с цифровыми активами и желающие обслуживать жителей штата организации успеть получить разрешение на работу до 1 июля.

17-18 июня в Москве пройдет пятнадцатая, юбилейная мультиформатная конференция TECH WEEK, посвященная передовым цифровым технологиям, искусственному интеллекту и инновационным решениям, стимулирующим развитие бизнеса.

Crypto exchange Gemini (GEMI) is facing a period of significant upheaval, as three of its top executives exit the company just months after its New York initial public offering (IPO).

Gemini COO, CFO And CLO Leave The Exchange

On Tuesday, the firm — founded and led by billionaire twins Tyler and Cameron Winklevoss — disclosed in a regulatory filing that Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen, and Chief Legal Officer Tyler Meade are departing effective immediately. 

Beard has also stepped down from Gemini’s board of directors. The company stated in the filing that Beard’s resignation was not the result of any disagreement with the firm.

In a research note reported by Bloomberg, Truist Securities analyst Matthew Coad warned that the departures “could result in more investors becoming concerned about Gemini’s solvency.” 

Gemini indicated it does not plan to replace Beard at this time. Instead, President Cameron Winklevoss will take on several of the former COO’s responsibilities. The company named Chief Accounting Officer Danijela Stojanovic as interim chief financial officer, while Kate Freedman will step in as interim general counsel.

The executive shake-up follows another major announcement earlier this month, when Gemini revealed plans to reduce its workforce by as much as 25% and to wind down operations in the United Kingdom, European Union, and Australia. 

Post-IPO Struggles Deepen 

Financially, the company is also under pressure. Alongside the leadership news, Gemini released preliminary guidance for its 2025 results. It expects to report an adjusted pre-tax loss between $267 million and $257 million. 

Net revenue is projected to come in between $165 million and $175 million, with approximately 600,000 monthly transacting users as of Dec. 31. Operating expenses are forecast to reach between $520 million and $530 million, a substantial increase from $308 million a year earlier. 

Gemini attributed the rise largely to higher personnel-related costs and continued investments in technology, administrative functions, and marketing efforts. The company has not yet announced a definitive date for its full earnings release.

Gemini went public back in mid-September of last year, and its shares surged to a record high of $45.89 the day after trading began. However, the stock has fallen steadily since its debut, mirroring the broader crypto market decline led by Bitcoin (BTC). 

The exchange’s shares trading under the ticker name GEMI fell sharply on Tuesday, dropping nearly 15% to a record intraday low. As of this writing, the stock was down as much as 14% at $6.64, marking its steepest one-day decline since November. 

Featured image from OpenArt, chart from TradingView.com 

Гендиректор компании CryptoQuant Ки Янг Джу (Ki Young Ju) в интервью южнокорейскому изданию Digital Asset назвал текущую фазу рынка полноценным медвежьим циклом и описал два сценария возможного восстановления биткоина.

Искусственный интеллект уже стал важным инструментом цифровых сервисов — от автоматизации работы до поиска и генерации контента. Однако эти же технологии используются и мошенниками: с их помощью создаются фишинговые сайты, дипфейки и автоматизированные схемы обмана пользователей криптовалют.

Аналитики компании Wintermute заявили, что главная причина снижение активности на крипторынке — ротация капитала инвесторов, забирающих средства из акций технологических компаний, отразившаяся и на цифровых монетах.

American fast food brand Steak ‘n Shake has said same-store sales have dramatically increased since the firm started accepting Bitcoin payments.

Steak ‘n Shake Has Seen A Boost In Sales After Accepting Bitcoin

In a new post on X, Steak ‘n Shake has shared an update on how the burger joint’s Bitcoin strategy has been going. The firm first opened itself to the cryptocurrency back in May 2025, allowing customers to make payments in BTC at all its locations.

Monday marked exactly nine months since Steak ‘n Shake made the move, and according to the company’s official X handle, same-store sales rose “dramatically” during the period.

Steak ‘n Shake’s Bitcoin strategy doesn’t only include accepting BTC payments; the firm has also been maintaining a Strategic Bitcoin Reserve (SBR) using proceeds from BTC payments.

In January, the company also added to the reserve through purchases, increasing its holdings by a total of $15 million in notional value. In the same month, the firm announced a new scheme for its workers: bonus payments in Bitcoin.

Under the scheme, all hourly employees receive a $0.21 BTC bonus for every hour worked. “Bitcoin payments for Steak n Shake burgers go into our Strategic Bitcoin Reserve, which then funds Bitcoin bonus pay for our employees,” noted the firm.

Though, while all hourly employees receive the bonus, not everyone is immediately eligible to collect it. According to the firm, employees need to have cleared a two-year vesting period before they can redeem the BTC.

Overall, it would appear that the cryptocurrency’s adoption has turned out to be successful for Steak ‘n Shake. “We have combined a decentralized, cash-producing operating business with the transformative power of Bitcoin,” said the company.

A BTC reserve like Steak ‘n Shake’s is something that has gained traction among public firms in recent years, led by the aggressive conviction showcased by Michael Saylor’s Strategy (formerly MicroStrategy).

While Steak ‘n Shake’s buys from last month are sizeable on their own, they aren’t much compared to the purchases that treasury companies like Strategy tend to make. Last Monday alone Strategy acquired $90 million worth of the digital asset.

The accumulation from treasury companies as a whole has seen a slowdown recently, however, as Capriole Investments founder Charles Edwards has highlighted in an X post.

As displayed in the above chart, the percentage of BTC treasury company buyers has declined to 70% as the cryptocurrency’s price has gone through its bearish price action. “The last time we crossed under this threshold was 2022,” said Edwards. It now remains to be seen whether the trend will continue in the near future or if buying will make a return among these firms.

BTC Price

At the time of writing, Bitcoin is trading around $68,000, down 1% over the last week.

Председатель компании Strategy, крупнейшего корпоративного держателя биткоина, Майкл Сейлор (Michael Saylor) заявил, что долгосрочный рост первой криптовалюты обеспечивается тремя ключевыми факторами.

Эксперт ончейн-платформы CryptoQuant Аксель Адлер (Axel Adler Jr) заявил, что начавшийся в октябре медвежий цикл биткоина закончится только в 2027 году.

Работающая на блокчейне Solana платформа Pump.fun для запуска мемкоинов изменит модель вознаграждений: выплаты больше не будут автоматически получать все создатели токенов, а часть комиссий может перенаправляться трейдерам.

With the end of the month approaching and negotiations still ongoing, the long-debated crypto market structure legislation known as the CLARITY Act is facing a critical moment in Washington. 

The bill, which aims to establish clear rules for digital asset markets in the United States, has encountered significant obstacles in recent weeks as lawmakers, regulators, banks and crypto industry representatives continue to debate key provisions.

Despite the hurdles, newly appointed Commodity Futures Trading Commission (CFTC) Chair Mike Selig has expressed strong confidence that the legislation is close to becoming law. 

CFTC Chief Optimistic On CLARITY Act

In an interview with FOX Business on Tuesday, Selig said the bill is “about to” be signed, signaling optimism that Congress will ultimately push it across the finish line.

“We want to ensure that the legal framework for cryptocurrencies is adaptable to future developments. We cannot allow a second Gary Gensler to come in and destroy everything. We’re going to get this thing across the line,” he added.

Selig’s remarks build on statements he made earlier this month. On February 3, he argued that the market structure bill moving through Congress could position the United States as the “gold standard” for crypto regulation. 

According to Selig, the industry has operated for too long without clear guidelines, causing businesses and innovation to migrate offshore. “The goal [of this legislation] is just to get some clarity. 

It’s been too long with these markets just languishing, and they’ve fled offshore,” he said at the time. He also projected that a finalized bill could land on President Donald Trump’s desk “in the next couple of months,” praising the president’s leadership and support for the cryptocurrency sector.

However, as the White House’s end-of-month deadline looms, a major sticking point remains unresolved: whether stablecoins should be permitted to offer yield. 

Crypto, Banks Remain Divided On Stablecoin Rewards

Journalist Eleanor Terrett reported Monday for Crypto In America that discussions between the crypto and banking industries have yet to produce a compromise on the issue, which is widely seen as the linchpin for advancing the CLARITY Act.

Last Tuesday, policy staff from banks and crypto firms met at the White House. The meeting concluded without agreement after banking representatives circulated a one-page document titled “Yield and Interest Prohibition Principles,” which argued that stablecoins should not provide yield or rewards to holders.

In response, the Digital Chamber, a trade group representing more than 130 crypto firms and several traditional banks with digital asset exposure, released its own proposed framework on Friday. 

The organization suggested principles that would allow payment stablecoins to generate yield within decentralized finance (DeFi) systems. 

The group said its recommendations are intended to preserve stablecoins as payment tools, safeguard DeFi liquidity and reinforce US dollar dominance, while introducing a rigorous, data-driven method to assess potential impacts on bank deposits.

Banks have not formally responded to the Digital Chamber’s proposal. However, a source close to the Senate Banking Committee described the document to Crypto In America as “constructive,” though cautioning that some elements may be too broad to gain full support from financial institutions.

The next steps remain uncertain. Patrick Witt, executive director of the White House Crypto Council, told Yahoo Finance on Friday that another meeting could take place as early as this week, though no specific date was provided. 

Featured image from Openart, chart from TradingView.com 

Аналитик валютного рынка в крупнейшем японском банке Mitsubishi UFJ Financial Group (MUFG) Ли Хардман (Lee Hardman) назвал стейблкоины более практичной формой денег, чем волатильные криптовалюты вроде биткоина.

Сооснователь и бывший директор криптобиржи BitMEX Артур Хейс (Arthur Hayes) заявил, что биткоин приобретает новую роль — он становится индикатором проблем с ликвидностью и устойчивостью фиатной финансовой системы.

The crypto market continues to face intense selling pressure as both Bitcoin and Ethereum struggle to reclaim key psychological levels. Repeated rejection near resistance zones has reinforced cautious sentiment across the sector, with investors increasingly defensive after months of declining liquidity and volatile price action. While corrective phases are typical following strong bull market advances, the persistence of downside pressure suggests a more prolonged adjustment period may be unfolding.

On-chain data provides additional context for this shift in market dynamics. According to recent analysis, stablecoin reserve growth peaked shortly before the late-2025 price decline. In the 30 days leading up to November 5, reserves expanded by approximately $11.4 billion, reflecting strong liquidity availability and risk appetite at the time. However, this trend reversed quickly as market conditions deteriorated, with reserves falling roughly $8.4 billion by December 23 as the bear phase began to take shape.

More recently, the pace of outflows has moderated, with reserves declining by about $2 billion over the past month. This slowdown may indicate stabilization in liquidity conditions, though it does not yet confirm a sustained recovery. For now, the market remains sensitive to macro conditions, capital flows, and investor confidence.

Stablecoin Liquidity Concentration Highlights Binance’s Dominant Market Role The data further shows that stablecoin liquidity remains heavily concentrated on Binance, reinforcing its role as the primary hub for crypto market liquidity. Current figures indicate the exchange holds roughly $47.5 billion in combined USDT and USDC reserves, marking a 31% year-over-year increase from about $35.9 billion. This concentration is significant, as Binance alone accounts for approximately 65% of all USDT and USDC held across centralized exchanges, highlighting its dominant position in facilitating trading flows and liquidity provisioning.

Other major exchanges lag considerably behind in stablecoin reserves. OKX holds around $9.5 billion, representing roughly a 13% share, while Coinbase maintains approximately $5.9 billion, or about 8%. Bybit follows with close to $4 billion, equivalent to roughly 6% of exchange stablecoin liquidity. These balances are distributed mainly across Ethereum and TRON networks, which continue to serve as the primary infrastructure layers for stablecoin settlement.

Within Binance itself, liquidity remains overwhelmingly USDT-driven. About $42.3 billion of its reserves are held in USDT, reflecting a 36% year-over-year increase from approximately $31 billion. In contrast, USDC reserves stand near $5.2 billion and have remained broadly flat over the same period, suggesting stable but limited growth compared with USDT dominance.

Total Crypto Market Cap Tests Key Structural Support

The total crypto market capitalization chart shows a clear corrective phase following the late-2025 peak near the $4 trillion region. Since that high, the market has retraced significantly, with capitalization recently stabilizing around the $2.3 trillion level. This area appears to function as an interim support zone, although price action remains fragile and characterized by reduced upside momentum.

From a trend perspective, the market has broken below shorter-term moving averages and is now interacting with longer-term trend indicators. This shift typically signals a transition from expansion to consolidation or correction. The inability to sustain rebounds above the mid-range moving average suggests that buying pressure remains subdued, while sellers continue to dominate rallies.

Volume dynamics reinforce this interpretation. Elevated selling volume accompanied the most recent decline, indicating active distribution rather than passive drift. However, the subsequent moderation in volume hints that panic selling may be easing, even if conviction buying has yet to return decisively.

Structurally, the broader uptrend remains intact only while capitalization holds above the long-term trend support zone. A sustained breakdown below this level would likely confirm a deeper cyclical correction, whereas stabilization here could support a prolonged consolidation phase before any renewed expansion in the crypto market.

Featured image from ChatGPT, chart from TradingView.com 

Децентрализованный криптокредитный протокол Moonwell подвергся взлому — из него было выведено $1,78 млн из‑за ошибки, допущенной искусственным интеллектом. Об этом сообщил аудитор смарт-контрактов под ником pashov в социальной сети Х.

Galaxy Digital head of research Alex Thorn is pushing back on a growing critique that Bitcoin has “failed” its digital gold promise, arguing that the label was always about BTC’s monetary properties, not a guarantee it would trade like bullion in every macro regime.

In a post on X, Thorn said Bitcoin’s “failure to trade like gold as part of ‘the debasement trade’ since Sep. ‘25’ damaged its narrative with new entrants,” but framed that disappointment as a category error. “When bitcoiners said ‘digital gold’ they were describing its fundamental properties, not that it’s high beta to gold today,” he wrote, adding: “it comes from Satoshi.”

To make the point, Thorn shared a screenshot of a 2010 Bitcointalk exchange in which Satoshi Nakamoto offered a thought experiment about money emerging from scarcity plus transferability.

“Imagine there was a base metal as scarce as gold but with the following properties: boring grey in colour; not a good conductor of electricity; not particularly strong, but not ductile or easily malleable either; not useful for any practical or ornamental purpose,” Satoshi wrote. “And one special, magical property: can be transported over a communications channel. If it somehow acquired any value at all for whatever reason, then anyone wanting to transfer wealth over a long distance could buy some, transmit it, and have the recipient sell it.”

Thorn’s framing is that the “digital gold” analogy is rooted in that passage: Bitcoin resembles a scarce commodity in key monetary characteristics, while adding a feature that physical metals cannot match, native global portability over communications rails.

Bitcoin’s ‘Digital Gold’ Narrative As A Gap Trade

Thorn argued Satoshi’s point wasn’t that the market must price Bitcoin in tight relation to gold at all times, but that BTC’s structural attributes can support a gold-like monetary role if the market eventually converges on that valuation. In Thorn’s telling, the investment thesis is the spread between “fundamental gold-like properties” and the market’s willingness to price Bitcoin alongside gold and the probability of that spread narrowing.

He described Bitcoin’s underlying profile in terms commonly cited by long-term holders: scarcity and durability, with additional monetary traits such as divisibility and self-sovereignty, then pointed to transferability as the differentiator that makes the analogy more than branding. The “alpha,” in this framework, is not short-term co-movement with bullion, but the possibility that the market ultimately prices BTC more like a monetary metal.

The exchange drew agreement from 10T Holdings founder Dan Tapiero, who replied: “Well said.” Tapiero also suggested the current mood around Bitcoin feels like a familiar cycle reset: “So much fear out there on btc. Like the good ol days again.”

Not everyone accepted the premise. One user responded, “It never traded like gold. Just because people branded it like gold doesn’t mean it’s true.” Thorn replied: “that’s literally what i’m saying in the post,” underscoring that his argument is precisely that “digital gold” was never a promise of constant gold-like trading behavior.

Thorn also downplayed the idea that anything material has changed recently in Bitcoin itself. “Basically nothing has changed about bitcoin in the last 5 months,” he wrote, adding that “if anything the fundamentals are even more appealing.”

At press time, BTC traded at $68,048.