Из жизни альткоинов

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.

Bitcoin has faced persistent selling pressure since October, when the price reversed sharply after reaching an all-time high near $125,000. Within weeks, the market dropped toward the $60,000 region, triggering a broad shift in sentiment from late-cycle optimism to defensive positioning. While volatility is not unusual after strong rallies, the speed of this correction has reinforced concerns that the market may be transitioning into a deeper cyclical slowdown rather than a brief consolidation phase.

According to top analyst Axel Adler, on-chain data support this interpretation. The Entity-Adjusted Liveliness metric — which tracks long-term coin activity relative to holding behavior — peaked at approximately 0.02676 in December 2025, about two months after the price ATH. This lag is typical for cumulative on-chain indicators. Since then, the metric has begun trending downward, historically a signal that distribution phases are ending and accumulation periods are beginning.

Previous cycles show that similar reversals in liveliness often preceded extended accumulation phases lasting roughly 1.1 to 2.5 years. If the pattern holds, the current market environment may reflect an early-stage restructuring phase rather than an imminent recovery. Investors are therefore watching both price action and on-chain signals closely to assess whether stabilization or further downside risk lies ahead.

Liveliness Reversal Signals Potential Shift Toward Long-Term Accumulation

Adler further notes that liveliness peaked shortly after Bitcoin’s all-time high and has since begun trending downward, a pattern historically associated with a transition from distribution toward accumulation. In this context, the central question is no longer whether a bear phase has begun, but rather its depth and duration. Entity-Adjusted Liveliness — which measures the ratio of coin days destroyed to coin days created while filtering internal entity transfers — provides insight into long-term holder behavior and capital rotation across the network.

Although Bitcoin reached roughly $125,000 in October 2025, liveliness continued rising for two additional months, peaking near 0.02676 in December, a typical lag for cumulative on-chain metrics. As of mid-February 2026, the indicator has eased to about 0.02669, already below both its 30-day and 90-day moving averages, which now act as overhead resistance. This configuration historically reflects declining spending activity among long-term holders.

Previous cycles show comparable structures. Accumulation phases beginning in 2020 lasted about 1.1 years, while the 2022–2024 period extended roughly 2.5 years. If this pattern repeats, accumulation could persist into late 2026 or even mid-2027. Confirmation would likely require the 90-day average to roll over decisively below the 365-day trend, signaling a fully established structural transition.

Bitcoin Weekly Structure Shows Persistent Downtrend Pressure

Bitcoin’s weekly chart reflects a clear structural shift from late-cycle expansion into a corrective phase, with price currently consolidating near the $67,000 zone after a sharp decline from the ~$125,000 peak. The breakdown below the medium-term moving averages confirms weakening momentum, while repeated failures to reclaim the $90,000–$100,000 region reinforce the transition toward a bearish regime rather than a simple pullback.

Technically, the most notable development is the loss of the green mid-cycle moving average, which previously acted as dynamic support throughout the 2024–2025 uptrend. Bitcoin is now trading well below that level, while the longer-term red moving average near the mid-$50,000 area represents the next major structural support. Historically, sustained trading below intermediate averages often precedes extended consolidation or deeper corrections.

Volume dynamics also suggest caution. The spike accompanying the recent selloff indicates strong distribution rather than orderly profit-taking. However, subsequent volume moderation may imply that immediate panic selling has eased, at least temporarily.

If Bitcoin stabilizes above $60,000, range formation remains plausible. A decisive breakdown below that level would likely increase downside risk toward longer-term cost-basis supports. Conversely, reclaiming the $80,000–$90,000 zone would be required to materially improve the broader technical outlook.

Featured image from ChatGPT, chart from TradingView.com 

XRP’s bearish price action extends, capping off brief upward attempts and keeping the token well below the $2 level. Even with ongoing waning price action, the altcoin continues to attract a notable wave of capital ahead of Bitcoin and Ethereum, the two leading cryptocurrency assets.

Investors Rotate Out Of Bitcoin And Ethereum Into XRP

The broader cryptocurrency market is still hindered by heightened volatility and selling pressure. However, a discernible change in the market positioning is taking place as investors seem to be decreasing their exposure to Bitcoin and Ethereum while allocations into XRP are increasing.

Current liquidity patterns and trading flows point to capital rotation, with the altcoin emerging as one of the main beneficiaries of this shift. Xaif Crypto, a market expert and investor, reveals that the altcoin has been quietly absorbing the rotation over the past few weeks.

As seen on CoinShares data shared by the expert, digital asset outflows continue for the fourth consecutive week, totaling $173 million in light of the United States weakness. During the period, leading digital assets such as Bitcoin and Ethereum experienced steady outflow while XRP saw bullish inflows.

In the 1-week time frame, Bitcoin recorded outflows of over $133 million, with Ethereum reaching about $85.1 million in outflows. Meanwhile, during the same period, capital flows into XRP were over $33.4 million despite its continued downside price performance. Notably, these shifts frequently occur when traders expect relative outperformance, which indicates a shift in the short-term narrative and momentum.

According to Xaif Crypto, the capital shift is happening in real time. The growing demand for XRP might change the short-term outlook for the altcoin and possibly push its price toward the upside trajectory once again.

More Trading Volume Than BTC And ETH

South Korea continues to remain one of XRP’s most influential markets, with investors flooding into the altcoin. Trading activity in the region is drawing fresh attention as the altcoin surpasses Bitcoin and Ethereum in terms of trading volume.

XRP dominates flows on Upbit and Bithumb, surpassing BTC and ETH in local activity. In an X post from Coin Bureau, the expert reported that the altcoin secured $1.2 billion in trading volume within 24 hours across South Korea’s leading cryptocurrency exchanges. 

As seen on the chart, the token led the market by a wide margin, with BTC pulling in $284.97 million and ETH recording $304.41 million in trading volume. Such a development points to a steady shift in regional demand, with traders demonstrating a definite preference for XRP in the face of shifting market conditions.

At the time of writing, the altcoin’s price was trading at $1.47 after a slight bounce of 0.17% in the last 24 hours. CoinMarketCap’s data shows weakening sentiment in trading activity, as its trading volume has fallen sharply by more than 47% over the past day.

MicroStrategy, now operating as Strategy, has become synonymous with corporate Bitcoin accumulation. However, the company’s returns on BTC are currently negative, and there are concerns about how it would fare in a more severe downturn and when its Bitcoin position would be finally wiped out. 

Michael Saylor has now responded directly, reposting a statement from Strategy claiming the company can withstand a drop in BTC to $8,000 and still fully cover its debt.

Strategy Says It Can Survive An 88% Bitcoin Crash

Michael Saylor is still bullish on Bitcoin, and according to him, Strategy could continue meeting its obligations even if BTC’s price dropped to $8,000, with the plan being to equitize convertible debt over the next 3 to 6 years.

At the time of writing, Strategy is holding 714,644 BTC in its Bitcoin reserve. Based on the current Bitcoin price of around $69,000, those holdings are valued just under $49 billion. According to recent details shared by Strategy, the firm reports around $6.0 billion in net debt, giving it an 8.3x BTC asset coverage ratio under present conditions.

The interesting part of the disclosure is the downside scenario. The company modeled an 88% price decline in Bitcoin, which would push BTC down to around $8,000. Under that assumption, its Bitcoin reserve would fall to roughly $6.0 billion. That figure still matches or slightly exceeds its net debt position, resulting in a 1.0x coverage ratio.

This means that even if BTC’s price were to suffer an 88% collapse from current levels, Strategy’s Bitcoin holdings would theoretically still be sufficient to cover its outstanding debt obligations on paper.

No Immediate Liquidation Risks For Strategy

Strategy’s borrowings are primarily low-interest convertible notes with staggered maturities and put dates stretching between 2027 and 2032. These are not margin loans secured by BTC that trigger automatic liquidations if BTC falls.

Since there are no margin calls associated directly with BTC price fluctuations, Strategy would not be forced to sell its BTC holdings in a sudden downturn. Instead, the company noted that it plans to equitize existing convertible debt over time. That means converting debt into company shares and avoiding issuing new senior secured debt.

Strategy is still in the business of purchasing huge amounts of Bitcoin, despite the recent price crash below $70,000. The most recent purchase was an additional 1,142 BTC for approximately $90 million in early February. Saylor even recently reiterated that Strategy plans to continue buying Bitcoin on a regular basis.

A BTC collapse to $10,000 would represent an extreme crash of 85% to 90% from recent levels. Although Strategy’s model suggests it could technically cover its net debt at $8,000 per BTC, such a scenario would dramatically shrink the value of its equity from $48.5 billion to less than $6 billion.

Bitcoin’s price has fallen sharply over the past few months, bringing an end to the bull market cycle. However, a closely watched Bitcoin market indicator is currently drawing renewed attention in the sector due to its reputation in determining when the next possible BTC bull run could take place.

History Says Bitcoin Rallies When This Metric Flips Red

After Bitcoin’s steep pullback, investors are now watching closely for the next bullish breakout that could kick off another BTC bull run. On-chain indicators have often been a reliable source for determining the next bull run, and Joao Wedson has highlighted a key metric that stands out in this context.

Specifically, the verified author and founder of Alphractal has shared insights into the matter using the Bitcoin Net Unrealized Profit/Loss (NUPL) for Long-Term Holders. This metric measures the average unrealized profit or loss of the most reliant investors in the market. 

According to the expert, the next bull run for Bitcoin usually begins when this metric flips red. Irrespective of how it sounds, previous cycles have demonstrated that the color shift frequently corresponds with times of highest pessimism when selling pressure peaks and long-term accumulation subtly start.

Recent data seen on the chart tells that the metric is currently positioned at the 0.36 level, which implies that long-term holders remain on average in terms of profit. However, Wedson highlighted that the most significant signal often emerges when the metric shifts into negative territory.

It is worth noting that when long-term holders NUPL shifts into negative territory, it indicates that losses continue to mount even among the most convinced participants. In the past, this pattern has marked the phase of maximum market depression. In Wedson’s view, this stage reflects seller exhaustion, the transfer of coins to stronger hands, and the beginning of a new market cycle.

This was the last stage before a fresh Bull Run began in earlier cycles. “Opportunities are not built at the top, they are built in depression,” Wedson added.

BTC Accumulator Addresses Are Rising

Darkfost, an author at CryptoQuant, has shared a detailed analysis of Bitcoin accumulator addresses, which appear to be steadily rising. According to the expert, these addresses represent a specific class of long-term holders, and their recent actions are very noteworthy. A tendency toward increasing accumulation often indicates that supply is being covertly absorbed, reducing the quantity of Bitcoin on the open market.

Data shows that the current average monthly accumulation is a staggering 372,000 BTC. These investors or corporations, who continue to accumulate aggressively, seem to be taking advantage of the current dip in Bitcoin. In contrast, the average monthly accumulation of these addresses was only over 10,000 BTC in September 2024.

Market structure indicates that some investors are responding emotionally to short-term price movements, while others seem to be planning for the long run, which has always been one of the best ways to invest in BTC.

The Dogecoin price has remained in a prolonged downtrend since last year, mirroring the broader crypto market meltdown. Although the meme coin initiated a slight recovery in recent weeks, its momentum was not strong enough to sustain the rally. With Dogecoin now trading near $0.10, a crypto analyst suggests the meme coin has reached a critical decision point that could trigger a bullish wave of more than 100%.  

Dogecoin Price Enters Key Decision Level

Market analyst Erick Crypto has released a new Dogecoin price outlook on X, noting that the meme coin has hit a major decision point. He noted that after enduring months of steady downward movement, DOGE is now compressing just below a key resistance level. 

According to Erick Crypto, a descending trendline and horizontal support on the price chart are now acting as a critical decision zone around the $0.10 level. Based on the analysis, this area represents a battleground where buyers and sellers are competing for control after an extended downtrend. 

Erick Crypto has projected that if Dogecoin can hold the $0.10 level and eventually break above the descending trendline, then its momentum could change rapidly. He explained that such a breakout would signal the end of Dogecoin’s prolonged compression, triggering a strong price rally toward $0.25. With DOGE currently trading below $0.1, this would represent an increase of approximately 150%.

Supporting his bullish thesis, Erick Crypto noted that liquidity is resting below DOGE’s current price level on the chart, creating the conditions for a larger move higher. He described the meme coin’s current setup as one of compression followed by potential expansion, suggesting that DOGE’s extended decline does not reflect weakness but a temporary pause before a renewed bullish wave.

Analyst Says DOGE Still Lacks Strength

In a separate analysis, crypto market expert Trader Tardigrade discussed a similar descending trendline that formed on the Dogecoin chart following an extended decline. However, he offers a more cautious outlook for the meme coin’s price.

According to him, Dogecoin is currently holding firmly to the descending trendline around $0.10, but its momentum remains weak. He noted that the meme coin recently began trading above the trendline after a recent “back test.” As a result,, Trader Tardigrade believes that Dogecoin’s broader market structure remains bullish, even though it currently lacks strength. 

He explained that before DOGE can confirm a breakout, its price must build more buying pressure. Once this breakout occurs, the analyst expects the meme coin to climb sharply toward $0.15, reflecting a roughly 50% from current levels around $0.10. He added that traders and investors should watch closely for rising volume and stronger candles. Until then, he maintains that the market should remain cautiously optimistic.

Crypto exchange Kraken has pledged to sponsor so-called “Trump Accounts” for every child born in Wyoming in 2026, tying its name to a federal savings program closely associated with U.S. President Donald Trump.

Related Reading: Kraken Backs Trump Accounts, Points To Shared Crypto Vision

The advancement positions the exchange at the center of a politically branded financial initiative while also reinforcing its long-standing alignment with Wyoming’s crypto-friendly regulatory framework.

The decision arrives at a moment when crypto firms are recalibrating their relationships with policymakers after years of regulatory pressure. For Kraken, which is headquartered in Wyoming, the move blends community investment with a clear policy signal to a state that has positioned itself as a testing ground for regulation.

How The Trump Accounts Work

Trump Accounts are tax-advantaged savings accounts that parents or legal guardians can open for children under 18.

Under a federal pilot program, every U.S. citizen newborn born between Jan. 1, 2025, and Dec. 31, 2028, is eligible for a one-time $1,000 contribution from the U.S. Treasury. The funds are invested in approved market index funds and grow on a tax-deferred basis until the child reaches adulthood.

Kraken said it will make an additional contribution to each eligible account opened for Wyoming newborns in 2026, though it has not disclosed the amount or clarified whether its funding will be held in cash or digital assets.

The exchange framed the decision as support for families in the state where it operates and is regulated as a Special Purpose Depository Institution.

Wyoming’s Role in the Decision

Wyoming has spent years building a legal framework tailored to digital assets, offering custody rules and banking charters that few other states had adopted earlier. Senator Cynthia Lummis, a long-time supporter of crypto policy, welcomed Kraken’s pledge, saying it would give children in the state an early financial foundation.

Kraken executives have repeatedly pointed to Wyoming’s regulatory clarity as a reason for deeper, long-term investment. That clarity helped the exchange operate under state oversight even as federal regulators pursued enforcement actions against parts of the industry.

A Policy Bet With Broader Implications

By backing a program branded with a sitting president’s name, Kraken is taking on political risk alongside potential goodwill. Some analysts view the move less as philanthropy and more as a strategic effort to cement its standing in Wyoming and signal alignment with current federal policy direction.

The exchange now joins traditional financial institutions such as JPMorgan Chase that have voiced support for the initiative, underscoring how a once-niche crypto firm is increasingly operating within mainstream policy debates.

Related Reading: Zashi Becomes Zodl: Zcash Wallet Rebrands Following Internal Split

Whether this approach pays off may depend on how durable Wyoming’s crypto experiment, and the Trump Accounts program itself, proves to be.

Cover image from ChatGPT, ETHUSD chart from Tradingview

As anticipation builds around the long-awaited digital asset market structure legislation known as the CLARITY Act, negotiations between the crypto industry and the banking sector appear to be resuming this week. 

White House Considers New Crypto Talks

According to Crypto In America journalist Eleanor Terrett, the White House is weighing the possibility of holding another meeting as soon as Thursday to address one of the most contentious elements of the bill: stablecoin yield. 

Citing two sources familiar with the discussions, Terrett reported that administration officials are considering convening representatives from both banks and crypto firms for renewed talks. However, she noted that no final decision has been made and plans have yet to be confirmed.

The potential meeting follows a previous round of discussions that ended without resolution. Terrett reported Monday that last Tuesday’s White House gathering — which included senior policy staff from major banks, crypto companies, and trade associations — concluded without an agreement. 

According to her reporting, banking representatives circulated a one-page document titled “Yield and Interest Prohibition Principles.” The document argued that stablecoins should not offer yield or rewards, drawing a firm line that has become a central sticking point in the broader negotiations.

Despite the setback, Ripple Chief Executive Officer Brad Garlinghouse has publicly expressed confidence that the crypto and banking sectors will ultimately bridge their differences, clearing the way for final approval of the legislation and its signing by President Donald Trump.

Ripple CEO Says ‘Clarity Is Better Than Chaos’

In comments reported Tuesday by The Street, Garlinghouse suggested that once the remaining disputes are resolved, the CLARITY Act could move swiftly toward enactment. He even alluded to a potential timeline, signaling urgency around the process.

Garlinghouse called on the crypto community to rally behind the legislation rather than hold out for a flawless outcome. He argued that progress should not be derailed by disagreements over specific provisions. 

“I think it’s so clear that clarity is better than chaos,” he said, emphasizing that regulatory certainty would benefit the entire sector. While acknowledging that the CLARITY Act is not perfect, Garlinghouse maintained that no piece of legislation ever is. 

Garlinghouse went further, estimating there is an 80% probability that the anticipated crypto market structure bill will be signed into law by the end of April.

Featured image from OpenArt, chart from TradingView.com 

Crypto pundit CryptoSensei has warned that XRP investors are in danger as the banks continue to hold the CLARITY Act “hostage.” He explained that the passage of the crypto bill could provide a major boost to XRP and the broader crypto market, but warned that banks will likely continue to stall as much as possible.

Why XRP Investors Are At Risk 

In an X post, CryptoSensei stated that XRP holders are at risk because the bank is likely to stall the progress of the CLARITY Act as much as possible before it is forced to proceed. The crypto pundit believes the White House will eventually get banks to reach a compromise on the crypto bill, but warned that such a compromise could hurt investors. 

Banks are currently proposing a complete ban on the distribution of stablecoin yields to users, a move that is stalling the CLARITY Act’s progress as crypto leaders push back on this proposal. The passage of the crypto bill could be a major positive for XRP, as it stands out as one of the crypto assets most likely to benefit from regulatory clarity. 

Crypto Sensei stated that he is not too excited about a potential compromise on the CLARITY Act because retail XRP holders and other crypto holders could end up bearing the consequences. However, the pundit remains confident that if the crypto bill passes with favorable terms for the crypto industry, a market boom is likely. 

Crypto Sensei said that he is hopeful but a little discouraged about the way the bank has acted differently. He remarked that the banks could have negotiated these terms during the passage of the GENIUS Act rather than holding the CLARITY Act hostage now. 

Ripple CEO Advocates For The CLARITY Act Passage

Ripple CEO Brad Garlinghouse has advocated for the passage of the CLARITY Act despite concerns over the ban on stablecoin yields. He acknowledged that the crypto bill isn’t perfect and that there are aspects he doesn’t like. However, Garlinghouse believes that these imperfections shouldn’t stall progress. 

He also mentioned how Ripple has been a big advocate of the CLARITY Act because of the XRP lawsuit against the SEC. He noted that the token gained clarity from the lawsuit after the Judge ruled that the token isn’t a security. 

However, Garlinghouse still believes that it is important for the broader crypto market to have clarity since Ripple’s fortunes kind of hinge on how well the industry performs. The Ripple CEO predicts that the crypto bill will be 80% close to getting signed into law by April. 

At the time of writing, the XRP price is trading at around $1.48, up in the last 24 hours, according to data from CoinMarketCap.

Institutional capital flows and weakening market momentum are converging at a sensitive moment for Ethereum (ETH), placing the second-largest cryptocurrency at a potential turning point.

A major portfolio adjustment by Harvard University’s endowment, combined with declining prices and shifting on-chain signals, has intensified debate over whether the Ethereum price is nearing a bottom or preparing for another leg lower.

Recent regulatory filings show that Harvard Management Company reduced its exposure to Bitcoin exchange-traded funds while initiating its first allocation to Ethereum ETFs. The move comes as ETH trades below the psychological $2,000 level, a price zone that has increasingly acted as resistance rather than support.

Harvard’s Crypto Rebalance Signals Institutional Repositioning

During the fourth quarter of 2025, Harvard cut its stake in BlackRock’s Bitcoin ETF by roughly 21%, reducing holdings to about $265.8 million. At the same time, the endowment purchased nearly $87 million worth of shares in BlackRock’s Ethereum Trust, marking its first direct ETF exposure to Ether.

The adjustment occurred amid a broader crypto market pullback, with Bitcoin falling sharply from late-2025 highs and Ethereum declining alongside it. Analysts suggest the change may reflect portfolio rebalancing rather than a straightforward shift in sentiment, potentially tied to unwinding complex institutional trading strategies.

Still, the move aligns with wider institutional behavior. Filings show total ownership of major Bitcoin ETFs declined significantly during the same period, indicating investors may be reassessing risk exposure while exploring alternative crypto allocations.

Despite the shift, cryptocurrency ETFs remain a small portion of Harvard’s $56.9 billion endowment, accounting for less than 1% of total assets.

Ethereum Price Stuck Below Key Resistance

Ethereum price has struggled to regain momentum after a steep sell-off. The asset recently hovered near $1,980 after falling about 40% over the past month and remains far below its 2025 peak above $4,900.

Technically, the market continues to print lower highs and lower lows, keeping the broader trend bearish. Analysts are closely watching the $2,150–$2,200 range, which must be reclaimed to signal a potential reversal. Failure to hold support near $1,900 could expose downside targets between $1,700 and $1,600.

Derivatives data show declining open interest and trading volumes, suggesting traders are reducing risk rather than positioning aggressively for a breakout. ETF flows have also been mixed, with recent net outflows highlighting cautious institutional sentiment in the short term.

On-Chain Data and Network Fundamentals Offer Mixed Signals

While the Ethereum price action remains weak, blockchain data paints a more nuanced picture. Large holders have continued accumulating Ether, with whale wallets adding substantial balances even as prices declined. Accumulation addresses now hold record amounts of ETH.

Network usage has also strengthened. Ethereum recently processed a record 17.3 million weekly transactions while median fees dropped to fractions of a dollar, signaling improved efficiency and sustained user activity.

Meanwhile, Ethereum co-founder Vitalik Buterin reiterated that the network’s long-term value lies in its neutrality and censorship resistance, emphasizing open participation regardless of individual viewpoints. His comments arrive as debates around decentralization and ecosystem direction intensify.

Cover image from ChatGPT, ETHUSD chart from Tradingview

Market participants continue to search for reliable signals that can define the timing of Bitcoin’s next major expansion phase. While price forecasts, macro narratives, and ETF flows increasingly shape expectations, a chart published on February 16, 2025, by Alphractal founder and CEO Joao Wedson has added a new layer to that discussion. Focusing specifically on the profit positioning of long-term Bitcoin holders, this chart reveals a historic pattern about bull market timing.

What The Bitcoin Chart Tracks — And Why It Matters

In his post, Wedson presented a long-range chart built around the Long-Term Holder Net Unrealized Profit/Loss metric. The indicator measures the average unrealized gains or losses held by investors classified as long-term participants—wallets historically associated with stronger holding behavior and lower sell-side activity.

Related Reading: This Key Bitcoin Metric Signals That The Downside May Persist A Bit Longer

Rather than emphasizing short-term speculation, Wedson framed the metric as a lens into the financial condition of Bitcoin’s most resilient market cohort. According to the data shared, the current reading sits at 0.36. That level indicates long-term holders remain in aggregate profit, meaning their holdings, on average, are valued above acquisition cost.

The chart visualizes this positioning through color-coded zones. Green regions represent periods where long-term holders hold unrealized profits. These phases have historically aligned with either late bull market environments or transitional consolidation ranges. The persistence of green, in Wedson’s presentation, signals that deep cycle stress has not yet fully materialized among conviction investors. By contrast, the most consequential signals in the chart appear when the metric shifts below zero.

When The Metric Turns Negative

Wedson’s analysis places primary emphasis on the moments when Long-Term Holder NUPL enters negative territory. In these intervals, even the most historically patient investors hold unrealized losses. The chart marks these periods in red, visually distinguishing them from profit-dominant phases.

Related Reading: Historical Pattern From 2017 Signals Bitcoin Price Crash To $35,000

Historically, those red zones have coincided with late bear-market conditions—periods characterized by widespread pessimism and compressed valuations. Wedson described this stage as one reflecting maximum market depression, where financial stress extends beyond speculative traders to reach long-term capital.

The chart’s historical mapping shows that these negative phases have preceded every major Bitcoin bull cycle. Each time the metric dropped below zero, it aligned with late-stage capitulation dynamics: seller exhaustion, reduced distribution pressure, and a transfer of coins toward entities with stronger holding capacity.

Within this framework, the red zone functions less as a signal of structural weakness and more as a reset phase. It marks the point where excess leverage and speculative positioning have been cleared, establishing conditions historically associated with cycle bottoms.

Wedson’s interpretation positions opportunity within these depression phases rather than during profit-heavy expansions. As illustrated in the chart, prior bull runs did not begin while long-term holders were comfortably in profit. They emerged after losses had permeated the cohort. With the metric still positive at 0.36, the chart suggests that, based strictly on historical precedent, the final capitulation preceding the next bull run has yet to occur.

Metaplanet posted a dramatic swing in its latest results after shifting much of its business toward Bitcoin. Revenue surged by over 700% year-on-year to close to ¥9 billion (about $58 million), a jump the company ties to income from BTC options and related services. The change was rapid — the firm only launched its Bitcoin income operations late in 2024 — and now those activities make up almost the entire top line.

Revenue And Business Shift

According to the fiscal 2025 filing, roughly 95% of revenue was tied to Bitcoin-related operations. Premiums from options writing and fees from trading products accounted for the bulk of that cash flow.

おはプラネット。最近の株価動向を踏まえ、株主の皆さまにとって厳しい状況が続いていることは、私たちも十分に認識しています。しかしながら、メタプラネットの戦略に変更はありません。私たちは引き続き、ビットコインの積み上げ、収益の拡大、そして次の成長フェーズに向けた準備を、着実に進めてい…

— Simon Gerovich (@gerovich) February 6, 2026

Traditional lines such as hotel and media work were replaced by the crypto arm. That move translated quickly into sales, but it also concentrated the company’s fortunes around one volatile asset.

CEO Reaffirms Long-Term Treasury Plan

Simon Gerovich has reiterated that their strategy will remain in place despite the recent market slump. He posted that there will be no change in direction, and that accumulation will continue. That public commitment matters for continuity, but it does not remove the accounting and market risks.

The Numbers Behind The Headlines

Metaplanet’s operating profit was positive, at about ¥6.28 billion (close to $40 million). Reports note the company still recorded a net loss nearly $620 million after a valuation hit on its Bitcoin holdings.

A drop in market value of more than $660 million wiped out most of the operating gain when fair-value accounting was applied. Capital markets were tapped heavily: the firm has raised over $3 billion since switching to the treasury model.

Source: Metaplanet

Accounting Losses Versus Operating Strength

That gap between operating profit and net loss is a clear example of how accounting rules interact with volatile assets. Gains from option premiums were earned and reported. At the same time, unrealized losses on the coin stash had to be shown on the balance sheet, pushing the bottom line into the red.

Bitcoin Price Action

In the middle of this story sits the market itself. Bitcoin’s swings have driven much of Metaplanet’s year. Prices fell sharply during the broader selloff and checked the company’s valuation, while periods of calmer trading allowed the option business to generate steady income.

Traders pointed to headline risk and overall risk-off moves when the market slid, and that pressure fed into the company’s financial statements.

Holdings And Strategy

Reports say holdings rose from about 1,762 BTC at the end of 2024 to roughly 35,102 BTC by the close of 2025, making Metaplanet one of Japan’s largest corporate Bitcoin holders.

The company describes the plan as a long-term treasury approach: acquire and keep Bitcoin to guard against fiat dilution and to capture potential long-term appreciation. That is an explicit bet on future returns offset by short-term volatility.

Featured image from Unsplash, chart from TradingView

44‑летний житель района Калян‑Нагар индийского города Бангалор добровольно отдал мошенникам свыше 19 млрд индийских рупий (около 2,1 млн USDT). Мужчина думал, что обменивает стейблкоины на фиатные деньги.

A new technical projection is circulating in the crypto market after pseudonymous analyst and XRP Ledger (XRPL) developer Bird forecast a sharp rise in the cryptocurrency’s market capitalization. The analyst predicts that the altcoin could soon reach a valuation of $300 billion, accompanied by a significant price increase from current levels.

XRP Market Cap Forecasted To Surge To $300 Billion

In a post on X, Bird boldly declared that a “$300 billion XRP market cap is coming very soon.” The assertive forecast clearly shows his strong confidence in the token’s near-term growth potential, suggesting a major increase from current levels and reflecting growing optimism around the token despite recent price swings and a broader market downtrend. 

Bird’s forecasts were accompanied by a detailed TradingView chart illustrating a potential breakout scenario for XRP’s market capitalization. At the time of the analysis, its valuation stood at $88.38 billion. Technical levels on the chart highlight a prolonged downturn stretching from early 2025 into early 2026. Additionally, a descending white trendline can be seen connecting multiple lower lows, indicating sustained selling pressure over several months.

The most recent price action shows the market cap revisiting a long-term support zone between $100 billion and $80 billion, an area circled on the chart to emphasize its significance. Fibonacci retracement and extension levels are plotted from a price swing high to a major now, marking key levels at 0.236, 0.382, 0.5, 0.618, 0.702, 0.786, 1, and 1.618. 

The 1 level aligns near the $225 billion region, while the 1.618 extension points above toward Bird’s projected $300 billion market cap. The chart illustrates a large upward green arrow extending from $88.38 billion valuation at the time of the analysis toward $300 billion, representing an increase of more than $211 billion. This suggests that Bird expects its valuation to skyrocket by more than 239%. 

Price At A $300 Billion Market Cap

Analysts calculate XRP’s price by dividing its market capitalization by its circulating supply. Based on its current circulating supply of approximately 60.91 billion tokens and a projected market cap of $300 billion, this would imply a price increase to approximately $5 per token. At the time of writing, the cryptocurrency is trading near $1.47, meaning a surge to this level would represent a rally of approximately 271%. 

Although $5.45 is a big jump from present lows, many in the crypto community have expressed dissatisfaction with the bullish projection. Some say it’s too low, voicing out frustration and criticizing XRP’s slow price growth over the past decade. 

Others believe the altcoin is still undervalued at a $300 billion market cap, with some members projecting that the cryptocurrency’s valuation could eventually reach trillions of dollars.