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New developments in XRP’s active address count suggest that investors may be jumping ship from the leading cryptocurrency. According to on-chain metrics, the number of active addresses on the XRP Ledger (XRPL) has dropped by more than half in one day, marking a new low in 2026. The decline in this metric comes as the cryptocurrency continues to consolidate near the $1.40 region after its price fell by more than 20% over the past month.

XRP Active Address Drop Raises Investor Exit Concerns

Recent data from market analytics platform CryptoQuant paints a worrying picture for XRP, as more than 18,130 active addresses have disappeared from the network. The decline is particularly striking considering that on February 10, active addresses had surged to a yearly high of 32,684. At the time, the altcoin was trading low at $1.399. However, despite the subdued price, network participation continued to climb, signaling increased engagement.

Following this peak, XRP active addresses dropped the next day to 17,275, representing a decline of more than 15,409 addresses. This slump coincided with an almost 3% decrease in the XRP price, which was around $1.36 at the time. In the subsequent days, active address counts fluctuated between 16,000 and 17,000 before experiencing another major drop, eventually settling at 14,551. Notably, this marked the lowest level of active addresses seen throughout this year. 

Importantly, active address measures the number of unique wallet addresses that participated in transactions over a given period. It serves as a key indicator of a network’s activity level and, to some extent, investors’ interest in a cryptocurrency. Typically, a decline in active addresses suggests reduced user participation on the blockchain. It can also signal a more concerning trend of investors exiting a cryptocurrency and diminishing retail interest.

If investors are indeed abandoning XRP, it would come as no great surprise given the cryptocurrency’s recent price performance. CoinMarketCap data shows that year-to-date, the price has fallen by more than 36%. The cryptocurrency has also declined by more than 52% from its 2025 peak above $3, underscoring its continued bearish trend amid ongoing market volatility and eroding investor confidence.

What Analysts Are Saying About The Price

Despite its subdued price action and poor performance this year, analysts remain optimistic about XRP’s outlook. According to market expert Bird, XRP’s corrective phase appears to have ended after the cryptocurrency completed a triangle pattern, marked by declining price action.

After a recent rebound above the $1.30 range into the $1.40 region, Bird suggests that the market may be on the verge of a confirmed price reversal. He noted that XRP will need additional upward momentum before it can advance toward the next projected target above $1.7 on the price chart.

Ripple has backed AI infrastructure startup t54 in a $5 million seed round, a move that ties the company more closely to the emerging market for autonomous payments and agent-driven financial activity. The investment also puts the XRP Ledger in the frame as one of the networks being positioned for machine-to-machine commerce.

Ripple And The XRP Ledger Enter The Agentic Payments Race

t54 announced on February 25 that its seed round was led by Anagram, PL Capital, and Franklin Templeton, with strategic participation from Ripple, alongside Virtuals Ventures, Blockchain Coinvestors, and ABCDE. The company describes itself as a “trust layer for the agentic economy,” focused on a problem that is starting to attract more attention as AI systems move from recommendation to execution: how to verify an agent’s identity, evaluate its risk, and assign accountability when something goes wrong.

That framing was echoed by Ripple President Monica Long, who wrote on X that “as autonomous agents begin managing and transacting with real capital, trust infrastructure becomes a foundational piece of the equation.” She added that Ripple was “proud to be at the forefront of AI innovation,” calling out t54 as a team “building the trust layer for the agentic economy.”

The company’s pitch is that existing financial rails were built around humans, not software agents acting on delegated authority. In the press release, founder Chandler Fang laid that out directly:

“We are building trust infrastructure for the agentic economy. Financial systems were designed around human identity and human decision-making. As agents become autonomous participants, we need agent-native financial primitives—verifiable agent identity (KYA), real-time risk assessment, and programmable accountability—built for how agents operate.”

That thesis is not just about identity in the abstract. t54 says its platform is built across four pillars: identity and verification, risk and fraud, credit, and a broader operating platform that combines controls with settlement. The idea is to give institutions a way to bind agents to verified developers or human operators, monitor their behavior in real time, and decide when they should be allowed to transact, borrow, or execute payment flows.

The company is also making a direct bet on crypto rails as part of that stack. Among the products it listed is an “XRPL x402 Facilitator,” described as infrastructure that lets AI agents pay for services using XRP and RLUSD. It also highlighted an open-source secure layer on x402 and said its ecosystem spans XRPL, Solana, Base, and Virtuals, suggesting it is not building for a single chain, even if Ripple’s involvement gives XRPL special relevance.

That matters because Ripple’s interest here goes beyond venture exposure. Markus Infanger, SVP at RippleX, framed the opportunity as a shift in the nature of economic actors themselves:

“Autonomous systems are becoming participants in economic activity, not just tools. The financial infrastructure that supports them must evolve accordingly. We support t54’s efforts to build the identity and risk capabilities that will be foundational as AI agents operate across payments, treasury, and capital markets.”

Tony Pecore, Franklin Templeton SVP and director of digital asset management, said:

“As institutions embrace tokenization and autonomous systems, the infrastructure layer must evolve to match. t54 is building the trust and verification framework that institutional finance will require as AI agents become participants in financial markets.”

t54 also backed its market argument with survey data. It cited a recent YouGov study showing 42% of US consumers would allow an AI agent to make purchases on their behalf if it secured the lowest price.

At the same time, research from Keyfactor found 86% of cybersecurity professionals believe autonomous systems and AI agents should have unique, dynamic digital identities. Together, those figures capture the tension t54 is trying to monetize: growing willingness to delegate financial actions to software, but only with tighter controls.

For Ripple and XRPL, the bet is clear. If autonomous agents do become active users of payment rails, then Ripple wants XRP Ledger infrastructure to be part of that next layer.

At press time, XRP traded at $1.4397.

After several days of online speculation, blockchain investigator ZachXBT has published the findings of a probe he first alluded to earlier this week, detailing what he describes as insider trading and internal data abuse at Axiom Exchange.

In a series of posts, ZachXBT identified Broox Bauer, known on X as @WheresBroox, as a central figure in the alleged scheme. Bauer is described as a senior business development employee at Axiom based in New York. 

Alleged Wallet Lookups And Insider Trading Scheme

According to the investigation, Bauer and others exploited insufficient access controls on internal tools to retrieve sensitive user information and track private wallet activity, allegedly using that data to inform trades as far back as early 2025.

Audio clips shared as part of the report appear to show Bauer explaining how he could monitor any Axiom user through referral codes, wallet addresses or internal user IDs. In one recording, he claims he can “find out anything to do with that person.” 

He also describes starting by reviewing 10 to 20 wallets and gradually expanding the scope over time “so it does not look that suspicious.” In another excerpt from the same private group call, Bauer outlines procedures for requesting wallet lookups and says he would provide a full list of tracked addresses. 

The investigation cites specific instances of alleged misuse of internal dashboards. In April 2025, Bauer reportedly shared a screenshot from an Axiom internal interface showing private wallet information for a trader identified as “Jerry.” 

In August 2025, he allegedly circulated another image displaying registration data and linked wallets for a trader known as “Monix.” That same month, he is said to have discussed conducting lookups on Axiom users who had traded the meme coin AURA.

According to the findings, the group compiled wallet addresses of multiple key opinion leaders (KOLs) into a Google Sheet. The document mapped out addresses gathered from Axiom’s internal dashboard. 

Several KOLs named in the sheet or visible in leaked screenshots were contacted and independently confirmed that the wallet data attributed to them was accurate.

Axiom Case May Fall Under SDNY Jurisdiction

The report raises broader concerns about internal oversight at the exchange. It claims there was little to no effective monitoring or restriction on employee access to sensitive user data, regardless of whether senior figures identified as Cal or Mist were aware of the activity. 

Given that Bauer is based in New York City, ZachXBT suggested the matter could fall within the jurisdiction of the US Attorney’s Office for the Southern District of New York (SDNY). 

He stated that, regardless of whether criminal charges are ultimately pursued, Axiom’s co-founders should conduct a thorough internal review and consider legal action against any employees found to have abused their access.

Adding to the controversy, separate reports indicate that roughly three hours before ZachXBT publicly disclosed the alleged insider trading activity, a suspected insider placed bets totaling $59,800 using two newly created wallets. 

Those trades reportedly generated nearly $109,000 in profit, further fueling concerns about the potential misuse of privileged information.

Featured image from OpenArt, chart from TradingView.com 

Ethereum is getting a makeover — a big one. Vitalik Buterin, the co-founder of the world’s second-largest blockchain network, has shared his thoughts on a newly published four-year upgrade plan that aims to make Ethereum both faster and safer from the growing threat of quantum computing.

The plan, called “Strawmap,” was put out by the Ethereum Foundation’s Protocol team and lays out a series of changes expected to roll out over the next four years through seven scheduled hard forks, roughly one every six months.

Ethereum: Cutting Block Time From 12 Seconds To 2

Right now, Ethereum produces a new block every 12 seconds. That may sound quick, but for a network that wants to power payments, apps, and financial tools at a global scale, it is not fast enough.

A very important document. Let’s walk through this one “goal” at a time. We’ll start with fast slots and fast finality.

I expect that we’ll reduce slot time in an incremental fashion, eg. I like the “sqrt(2) at a time” formula (12 -> 8 -> 6 -> 4 -> 3 -> 2, though the last two… https://t.co/ni9wIF2BgJ

— vitalik.eth (@VitalikButerin) February 25, 2026

According to Buterin, the plan is to bring that number down to just two seconds — but not all at once. Reports say the reduction will happen in stages, following a rough pattern from 12 seconds down to eight, then six, then four, and finally two.

Buterin also pointed out that improving how nodes on the network share information with each other — passing along new blocks without sending the same data repeatedly — can make shorter block times safe without creating new security risks.

“Fast slots are off in their own lane at the top of the roadmap,” Buterin wrote, adding that this part of the plan operates mostly on its own, separate from the other upgrades.

Two hard forks are already locked in for this year. Glamsterdam and Hegotá are both confirmed and expected to arrive in the months ahead, marking the first concrete steps in the timeline.

A 16-Minute Wait For Finality Is Also On The Chopping Block

Speed is only half the story. The other major change targets something called finality — the point at which a completed transaction is mathematically locked in and cannot be reversed. On Ethereum today, that takes around 16 minutes.

The goal is to slash that window down to somewhere between six and 16 seconds by replacing the current confirmation process with a simpler, cleaner system. That new system would also be built to resist attacks from quantum computers, which are widely expected to eventually break the kind of encryption that blockchains currently depend on.

“The goal is to decouple slots and finality, to allow us to reason about both separately,” Buterin said.

He described the planned changes as “a very invasive set of changes,” which is why the team plans to bundle the most significant steps with a switch to what are known as post-quantum hash-based signatures — a type of cryptography designed to hold up even against powerful quantum machines.

Featured image from Cyber Security 360, chart from TradingView 

Morgan Stanley is preparing to expand its Bitcoin and crypto offering beyond simple access, with plans that span spot trading on E*TRADE, a longer-term move toward native custody and an internal exchange stack, and early-stage exploration of yield and lending services backed by Bitcoin.

The roadmap was outlined onstage at Strategy World 2026 in Las Vegas by Amy Oldenburg, Morgan Stanley’s head of digital asset strategy, during a discussion with Strategy President and CEO Phong Le at the Bitcoin for Corporations conference.

From ‘Renting’ Bitcoin Rails To Building Them

Oldenburg framed Morgan Stanley’s near-term step as enabling E*TRADE clients to “buy and sell crypto, spot crypto,” via a partnership, before potentially moving to “a native custody and exchange solution” over the next year. She suggested that would put Morgan Stanley in position to be “the first major bank” to offer that combination in-house.

Oldenburg asked why the custody-and-exchange layer matters strategically. The answer, she said, comes down to control, trust, and liability. “It’s a natural. We really need to build this out internally. We can’t just primarily rent the technology to do this,” she said. “People expect Morgan Stanley, they trust our brand, to be no-fail. And when you sit in that position, you have a significant responsibility to your clients to make sure that you’re delivering that in any level of technology.”

For Morgan Stanley, custody is not just another feature in the product checklist, it changes the bank’s role and responsibility. “It’s a totally different environment to know that you are custodying your assets,” Oldenburg continued. “You have legal custody with Morgan Stanley, and Morgan Stanley is overseeing those assets for you. There’s always those that are going to want to self-custody. That’s a natural part of this space, especially in the Bitcoin space.”

Oldenburg also positioned the push as a response to client behavior: crypto wealth exists, but not necessarily where Morgan Stanley can serve it. With “$8 trillion in assets on platform,” Le pressed the commercial logic that “people have crypto assets off platform.” Oldenburg agreed and characterized the pool as material, saying it is “a considerable number” of “current clients.”

Oldenburg linked her thinking on adoption back to her prior career running Morgan Stanley’s emerging markets investing business, arguing she has watched Bitcoin and crypto usage develop up close for years. “This has been a very, very long journey for me, being on the ground with many of these companies and investors and users of cryptocurrencies early on,” she said, adding that the goal now is to provide services as crypto “continues to mainstream and institutionalize.”

Morgan Stanley’s new Head of Digital Asset Strategy confirms the bank is building out Bitcoin trading, lending, yield, and custody services. pic.twitter.com/v1qrS2MQ4t

— TFTC (@TFTC21) February 25, 2026

Oldenburg confirmed that yield and lending against Bitcoin are not theoretical topics inside the firm. Asked directly whether Morgan Stanley might offer “yield and lending services against that Bitcoin,” she replied: “Absolutely. That’s part of the discussion and the exploration. It’s a natural part of the roadmap to continue to explore.”

She added that the bank is still early in designing those products, while noting renewed activity in onchain credit markets. “I think we’re in a very early journey on that, just in terms of the number of products that are out in the market,” she said. “I think we’ve seen, even this year, a little bit surprised at how much momentum there is around DeFi lending.”

In October last year, Morgan Stanley classified Bitcoin as “digital gold,” citing its fixed supply, decentralized architecture, and perceived role as a hedge against macroeconomic instability. The firm also recommended a 2%–4% allocation to digital assets.

At press time, Bitcoin traded at $68,138.

With the XRP price still struggling to reclaim $1.5, it comes as no surprise that sentiment has plunged toward the negative. Naturally, this has led to major sell-offs across the board, causing a downward cascade. Amid this sell-off, a pundit has warned that XRP investors could be making a grave mistake by panic-selling. Instead, he has proposed a way that XRP investors could use their coins without having to offload them on the market.

Selling XRP To Take Profits Is Not The Way

Max Avery, a staunch XRP supporter, went to the X platform to warn investors of an expensive mistake they could be making. According to the pundit, selling off XRP coins right now in a bid to “take profit” could turn out to be a very expensive mistake for investors.

According to Avery, by selling their coins, XRP investors are not just risking losing their coins, but also getting themselves on the hook for taxes. Explaining further, Avery said that the sell-off could trigger a 15-37%, depending on the jurisdiction.

After doing this, to get back into the digital asset, investors are now burdened with trying to time the market and figuring out the best time to re-enter the altcoin. Essentially, trying to call the bottom, something that has been historically near impossible to do.

Instead, the pundit tells investors that rather than selling off their their coins, it is better to borrow against the asset. This way, investors are able to get cash to spend when needed, while also maintaining their token holdings. Additionally, this triggers no tax event, making it easier to spend.

How XRP Is Faring

Some interesting developments surrounding XRP during this time include the fact that its open interest has seen a major crash, data from Coinglass shows. It went from a peak of over $10.8 billion to sitting below $3 billion at the time of writing. Since open interest is the total of the contracts open on the cryptocurrency, it means that participation among traders has waned for the digital asset.

In the same vein, daily trading volume has also seen a notable decline. In the last few months, XRP’s daily trading volume has trended below $10 billion, a stark contrast compared to the $78 billion that was recorded in late 2024.

These trends suggest that XRP is now in a bear market, especially as investors begin to take profits from the market. However, times like these have often helped to mark a bottom in the past, and if that is the case here, the altcoin may be gearing up for a rebound soon.

The White House is expected to host another round of talks this Friday between representatives of the crypto industry and major banking institutions, as both sides race to meet a March 1 deadline aimed at advancing the long-delayed crypto market structure bill (CLARITY Act). 

The renewed discussions come after weeks of negotiations in Washington, D.C., where participants have been attempting to bridge a key divide over the treatment of stablecoins.

SEC Safe Harbor And Strategic Crypto Reserve

The dispute has centred on whether stablecoin issuers should be permitted to offer interest on unused token balances. However, as Bitcoinist reported earlier this week, the prospect of paying interest-like returns on dormant stablecoin holdings — a priority for many crypto-native firms — has effectively been ruled out. 

The conversation has instead shifted toward a narrower question: whether companies may provide rewards tied to specific user actions or engagement, rather than simply compensating users for holding balances.

Despite signs that at least one contentious issue may be cooling, expectations for Friday’s meeting remain high. Market expert Paul Barron has suggested the gathering could produce several significant developments. 

In a recent post on X, Barron predicted a potential truce between banks and stablecoin issuers. He also floated the possibility of formal Treasury protocols governing a proposed strategic reserve, including Bitcoin (BTC), Ethereum (ETH), and XRP.

In addition, Barron suggested that the Securities and Exchange Commission (SEC) could introduce “safe harbor” guidelines designed to reduce enforcement actions and provide clearer regulatory pathways for crypto projects.

However, reporting from Eleanor Terrett of Crypto In America indicates that a breakthrough may not yet be imminent. 

DeFi And Ethics Issues Might Resurface

Citing sources on both sides of the negotiations, Terrett noted that no decisive “eureka” moment has emerged since draft legislative language was circulated following last week’s meeting, which participants described as constructive. 

That session marked the third formal attempt by industry and banking representatives to find common ground. It remains uncertain whether an agreement will be finalized by the White House’s March 1 target date or whether negotiators will settle on a compromise that prompts a public announcement.

Attention is now expected to return to other unresolved matters within the broader market structure framework. Concerns surrounding decentralized finance (DeFi) and ethical considerations are likely to resurface, particularly during a Senate Democratic member meeting on market structure scheduled for Wednesday afternoon. 

With the deadline fast approaching, the upcoming White House session may prove pivotal in determining whether months of negotiations translate into legislative progress or whether further delays await the CLARITY Act.

Featured image from OpenArt, chart from TradingView.com 

UK’s Financial Conduct Authority (FCA) has announced the four firms chosen to test stablecoin services in its regulatory sandbox program.

FCA’s Sandbox Will Shape UK’s Stablecoin Rules Later In 2026

In a new announcement, the FCA has revealed the four companies that are part of the regulator’s stablecoin sandbox program. This sandbox will trial stablecoin-related products in a safe environment under proposed regulatory rules.

The FCA first launched a special cohort called the “stablecoins cohort” for its regulatory sandbox back in November 2025. “The stablecoins cohort is part of our commitment to supporting growth and innovation in UK financial services,” noted the statement.

The UK regulator took applications from companies between November 26th and January 18th to become members of the cohort. 20 firms applied and now, the FCA has announced the results.

Monee Financial Technologies, ReStabilise, Revolut, and VVTX are the four companies selected by the regulator to test how their services and products would work with proposed regulation. “It will help the FCA assess its proposed policy in a live environment and ensure future rules are clear, effective and support responsible innovation,” explained the FCA.

The proposals of the four firms cover a range of stablecoin use cases, including payments, wholesale settlement, and trading, but FCA’s sandbox will mainly focus on the issuance of these fiat-tied tokens. “We are supporting UK stablecoin issuers to ensure they can be trusted for payments, settlement and trading,” said Matthew Long, director of payments and digital assets at the FCA.

According to the announcement, UK’s sandbox testing will begin in the first quarter of 2026, with the findings helping mold the country’s final stablecoin rules later in the year.

The UK isn’t the only country that has been making progress on regulation related to this class of cryptocurrencies. Last year, President Donald Trump signed on the GENIUS Act, providing a regulatory framework for stablecoins in the United States.

Over in Asia, Hong Kong put into legislation its stablecoin bill in August, while South Korea’s bill is pending debut as policymakers debate issuance models, with the country’s central bank advocating for bank-only won tokens.

The legislative momentum around the world has meant that fiat-pegged digital assets have been gaining more adoption. Japan observed the launch of its first yen token last year. Meanwhile, in Europe, twelve major banks have come together to form a consortium aimed at launching a euro-tied stablecoin in the second half of 2026. Currently, the sector is heavily dominated by USD coins, so the consortium plans to challenge the hegemony with a real European alternative.

Bitcoin Price

At the time of writing, Bitcoin is floating around $69,500, up 4% in the last seven days.

Bitcoin has recently become the least correlated to the stock market since the FTX crash back in 2022, according to analytics firm Santiment.

Bitcoin Has Broken Away From S&P 500

In a new post on X, Santiment has discussed how Bitcoin has moved relative to the stock market recently. The number one digital asset has faced a downtrend alongside the rest of the cryptocurrency sector in the last few months that has taken its price below $70,000. Compared to six months ago, BTC is today down 43%.

Historically, the asset has generally shown some degree of correlation with the stocks. “For years, Bitcoin has often moved in the same direction as the stock market, particularly the S&P 500,” noted Santiment. Lately, however, this trend has broken. While BTC has gone down, the S&P 500 is up 7% in the past six months. Below is a chart that shows how the price trajectories of the two assets have compared.

According to Santiment, this is the weakest correlation that Bitcoin has shown to the stocks since November 2022. Back then, the collapse of cryptocurrency exchange FTX induced a price crash for the asset that caused it to diverge from the S&P 500.

This previous breakaway for the cryptocurrency was different from the current one, however, as it lasted only briefly. The latest one, on the other hand, has been rather persistent. “Instead of moving alongside equities, Bitcoin has sharply underperformed while traditional markets have remained stable and gold has thrived,” said the analytics firm.

Now, will the decoupling that Bitcoin has experienced from the S&P 500 last? If the past is anything to go by, the answer may lean toward no. “Historically, when an asset that is usually correlated breaks away in this dramatic fashion, it typically does not stay disconnected forever,” explained Santiment.

The S&P 500 isn’t the only traditional asset that Bitcoin has diverged from; Gold has also charted a different path from BTC recently, despite the latter being popularly considered the former’s digital analogue.

In an X post, CryptoQuant founder Ki Young Ju has shared the data of an indicator that tracks the 90-day correlation between Bitcoin and Gold.

As displayed in the above graph, BTC mostly observed a positive degree of correlation to Gold between 2022 and the first three quarters of 2025. Since the last quarter of 2025, however, the correlation metric has plummeted into the negative zone for the assets.

A negative correlation implies that while the two assets exhibit a relationship, it’s of the negative kind. In other words, it means the assets are moving in opposite directions. “Bitcoin is in a “not digital gold” period,” said Young Ju.

BTC Price

At the time of writing, Bitcoin is trading around $66,000, down 2% over the last week.

Cryptocurrency exchange Binance is once again facing scrutiny in the United States, this time following a formal inquiry launched by Democratic Senator Richard Blumenthal. 

Senate Demands Records From Binance

In a letter dated February 24 and addressed to Binance co-CEO Richard Teng, Blumenthal cited reports suggesting the company enabled “large-scale violations” of US and international sanctions against Iran. 

He wrote that the cryptocurrency exchange appears to have disregarded warnings and recommendations designed to prevent Iranian money laundering schemes, allowing approximately $1.7 billion in transfers connected to Iran. 

According to the letter, these transactions allegedly supported Iranian-linked terrorist organizations and helped facilitate illicit Russian oil sales conducted through a so-called “shadow fleet” of tankers.

Blumenthal is seeking extensive documentation from Binance as part of a preliminary inquiry by the Senate’s Permanent Subcommittee on Investigations (PSI). 

The requests include records related to Binance’s role in potential Iranian money laundering, its handling of sanctioned entities, and its compliance practices. The Subcommittee has asked the company to provide materials by March 6, 2026.

Alleged Findings Of Internal Review

The investigation draws on reporting from The Wall Street Journal, The New York Times, and Fortune. According to those reports, Binance’s internal compliance staff discovered that two partners—Hexa Whale and Blessed Trust—allegedly acted as intermediaries to launder funds and enable trade with Iranian government-linked entities. 

Internal reviews reportedly identified roughly 2,000 accounts associated with Iranian entities on the exchange, despite US banking restrictions and Binance’s public claims that it prohibits Iranian users.

Documents obtained by the media outlets further suggest that Binance was warned that Hexa Whale may have been financing terrorist groups such as Yemen’s Houthi movement. 

Internal investigators also reportedly identified cryptocurrency transfers to wallets associated with Iran’s Islamic Revolutionary Guards Corps (IRGC) and payments to crew members operating vessels in Russia’s sanctions-evading oil fleet.

Blumenthal’s letter alleges that Binance failed to act decisively despite these warning signs. Investigators within the company reportedly recommended stronger “know your customer” controls and suggested banning sailors tied to Russia’s shadow fleet. 

However, according to the senator, those efforts were rejected. Binance allegedly granted VIP status to Hexa Whale even though the firm was suspected of using falsified documentation and its staff were said to have been directly involved in Blessed Trust’s questionable trading activity. 

No Evidence Of Violations? 

Binance has firmly rejected the allegations even ahead of Blumenthal’s inquiry. In a February 22 statement, the company said it conducted an internal review and found “no evidence of violations of applicable sanctions laws.” It also denied terminating investigators for raising concerns about sanctions-related activity.

The exchange emphasized that it has significantly strengthened its compliance systems since its 2023 settlement. According to Binance, sanctions-related exposure—measured as a share of overall trading volume—declined from 0.284% in January 2024 to 0.009% by July 2025, representing a 96.8% reduction. 

The company also reported that transaction volume involving four major Iranian crypto exchanges fell from $4.19 million in January 2024 to $1.1 million by January 2026. Binance added that approximately one-quarter of its global workforce is now dedicated to anti-money laundering and sanctions compliance functions.

At the time of writing, the exchange’s native token, BNB, traded at $616, representing a surge of 5% in the 24-hour time frame amid a slight rebound seen in the broader crypto market on Wednesday. 

Featured image from OpenArt, chart from TradingView.com 

Dutch financial authorities have revealed that the reform bill to tax unrealized gains on crypto, stocks, and other investments will be revised following criticism from lawmakers and local investors.

Dutch Finance Minister To Revise Tax Overhaul

On Wednesday, the Minister of Finance of the Netherlands, Eelco Heinen, announced that the recently passed bill to tax unrealized gains on crypto and other assets will be reviewed and amended to address multiple concerns brought by the Senate and crypto investors.

“I don’t think the law can go through as it stands,” Heinen told local news outlet RTL Nieuws. “I think something has simply gone wrong here, and the current law needs to be amended.”

The Netherlands plans to overhaul its tax system on January 1, 2028. The proposed system, known as the Actual Return in Box 3 Act, is set to tax investors 36% on the change in value of their crypto and other assets each year, even if these have not been sold.

According to the report, the Dutch finance minister noted that there’s still time to amend the controversial tax overhaul, as it will not be enacted until 2028.

Moreover, he revealed that he has already discussed the bill’s upcoming revision with his state secretary, adding that they are set to examine the legislation and potential amendments with lawmakers.

“We have agreed that we will go back to the drawing board, engage in discussions with the House of Representatives and the Senate, and see how we can amend the law,” he stated.

Heinen also opened the door to a complete rewrite of the crypto tax bill if amendments in certain areas don’t suffice to address the concerns. Nonetheless, he shared that he doesn’t yet know which option will be necessary as they are “just going to have the conversation.”

The Unrealized Crypto, Stock Gains Tax Debate

The new system has been heavily criticized by local investors, who have expressed concerns about being unfairly taxed on their crypto and other assets. Some have argued that the legislation could push wealth out of the country, as crypto investors and other high-net-worth individuals could consider relocating to other jurisdictions with friendlier tax frameworks.

Under the new Box 3 system, the government will calculate tax by comparing the value of an asset at the beginning and end of the year, and the income earned during this period. As a result, both realized and unrealized gains on cryptocurrencies, stocks, bonds, and similar investments will be included.

Only real estate and shares in startups will be exempt from the new system, as they will be taxed when profit is made. Meanwhile, income from these assets will continue to be taxed in the year it is received.

For context, the old Box 3 system taxed investors based on the assumed returns of assets, a practice the Supreme Court ruled unfair and unsustainable after the Dutch state lost several court cases, with every year of delay costing the treasury hundreds of millions, RTL Nieuws detailed.

Since then, lawmakers have been developing the proposed new model that they consider more accurate. However, some reports noted that the government ignored previous concerns and still decided to advance the bill with some adjustments.

Notably, the Dutch House of Representatives passed the legislation two weeks ago, advancing it to the Senate for consideration. RTL Nieuws highlighted that the Dutch Senate, which has yet to discuss the reform plan, also shares similar concerns as investors.

The crypto market in Seoul may get a little clearer about who’s talking and why. According to recent reports, lawmakers in South Korea are drafting rules that would force people who give investment tips on social media to show what they own and what they are paid to promote.

Influencer Crypto Holdings Must Be Public

Reports say the measure would cover anyone who repeatedly recommends stocks or crypto on livestreams, short videos, blogs or broadcasts, and would require disclosure of asset types, quantities and any payments tied to a promotion. That includes both token holdings and publicly listed shares.

The proposal is being led by Kim Seung-won, who has pushed amendments to the Capital Markets Act and the Virtual Asset User Protection Act, according to multiple outlets. Rules like these aim to flag conflicts of interest where someone might hype an asset and then sell into the resulting price spike.

Who Would Face Penalties

Reports note that penalties for breaches could mirror existing sanctions for unfair trading, which means fines and possible criminal charges for the worst cases. That legal weight is seen as a way to deter pump-and-dump style promotions that can harm small investors.

Many observers point out that public officials in the country already disclose crypto holdings to ethics bodies, so this step is an extension of established transparency practices into the private social media sphere.

The move arrives as regulators worldwide test new ways to police online promotions and reduce investor harm.

Crypto: Practical Questions Remain

How the rules will be enforced is still an open issue. Reports say lawmakers want to link the rules to market surveillance systems and to give regulators clearer powers to investigate suspicious activity.

It will likely take time to settle the details on thresholds for who qualifies as an influencer, and what exact data must be published.

What This Means For Creators And Users

Creators who earn from promotions may need to change how they post. Some will disclose voluntarily. Others might stop recommending specific assets to avoid filing regular reports.

Ordinary investors could benefit if conflicts of interest become easier to spot, but the rules will only help if they are enforced.

Reports have disclosed that this bill is part of a larger tightening of oversight by agencies including the Financial Supervisory Service, which has been more active after recent market incidents.

The aim is clear: reduce hidden promotion and give crypto and retail investors clearer signals about who stands to gain from a recommendation.

Featured image from Pexels, chart from TradingView

Ethereum continues to face sustained selling pressure as broader crypto market sentiment shifts toward caution and, in some segments, outright panic. Price action has struggled to regain stability in recent weeks, with repeated rebound attempts failing to produce sustained upside momentum. Elevated volatility, tightening liquidity conditions, and persistent macro uncertainty have reinforced a defensive posture among both retail and institutional participants, leaving Ethereum vulnerable to further short-term weakness.

A recent CryptoQuant report provides additional context through on-chain activity. According to the data, the ETH Binance User Deposit Address metric has recorded a sharp increase. The number of unique addresses depositing Ethereum to Binance has surged from roughly 360,000 to more than 450,000, representing the highest level observed since August 2025. Metrics tracking deposit addresses often serve as a proxy for potential sell-side intent, since assets transferred to exchanges are typically more accessible for liquidation, collateral usage, or portfolio rebalancing.

However, such spikes do not automatically translate into immediate selling. In some cases, they reflect positioning adjustments, hedging activity, or preparation for derivatives trading. Even so, the scale of the recent increase suggests heightened market anxiety and warrants close monitoring as Ethereum navigates an increasingly fragile market environment.

Exchange Deposits Surge As Price Correction Deepens

The report highlights that this metric breakout has occurred alongside a severe price correction. Ethereum has declined sharply from its October peak near $4,900 to roughly the $1,900 region. The simultaneous drop in price and surge in exchange deposit addresses suggests two primary on-chain interpretations that merit careful consideration.

The first scenario points to retail capitulation. A rapid increase in unique depositing addresses often reflects panic behavior among smaller investors. Participants who held through earlier stages of the decline may now be transferring assets to exchanges to exit positions, reinforcing short-term sell-side pressure.

The second interpretation relates to derivatives market positioning. With ETH trading below the $2,000 threshold, some deposits likely represent collateral replenishment. Traders facing liquidation risk may be adding margin to maintain leveraged long positions rather than outright selling their holdings.

In the near term, increased deposits elevate potential supply on exchanges, which can intensify volatility if selling materializes. However, historically, extreme spikes in deposit activity have frequently appeared during late-stage corrective phases. Such conditions sometimes precede seller exhaustion.

Monitoring exchange outflows, spot volume absorption, and derivatives positioning will be critical to determine whether this activity signals continued downside risk or the early formation of a local market bottom.

Ethereum Tests Structural Support As Downtrend Persists

Ethereum continues to trade under sustained pressure, with the weekly chart showing a clear loss of bullish momentum following the rejection near the $4,800–$5,000 region. Price has now retraced toward the $1,900 area, a zone that previously acted as consolidation support during earlier cycle phases. The inability to hold above the mid-cycle moving averages suggests that sellers still maintain structural control.

The 50-week moving average has rolled over and now acts as overhead resistance, while the 100-week average appears to be flattening. Meanwhile, price is approaching the longer-term 200-week moving average, a level historically associated with major cyclical support. A decisive breakdown below this region could expose deeper downside, whereas stabilization here may encourage medium-term accumulation.

Volume patterns indicate intermittent spikes during declines, which typically reflect distribution rather than sustained buying interest. This reinforces the interpretation of a defensive market phase rather than a confirmed recovery trend.

Despite the weakness, volatility compression near long-term averages sometimes precedes transitional periods. Confirmation, however, would require sustained closes above reclaimable resistance levels and improving participation metrics. Until then, Ethereum remains in a fragile technical posture with risk skewed toward continued consolidation or downside drift rather than immediate bullish continuation.

Featured image from ChatGPT, chart from TradingView.com 

A man in his thirties has been charged with attempted murder after a business partner fell ill following a meeting at a café, reports say. The case stems from a dispute over failed crypto investments.

The accused is alleged to have put the pesticide methomyl into the partner’s coffee during a meeting in November. The victim collapsed, was taken to hospital, and regained consciousness three days later.

Seoul Eastern District Prosecutors’ Office opened the case and brought the charges. According to local outlets, the dispute grew out of heavy losses tied to a shared Bitcoin investment program in the crypto market that began in 2022.

Reports say about ₩1.17 billion was lost — an amount that, by the parties’ account, included both company funds and money the accused had put in personally.

Alleged Poisoning

The man accused is said to have met his partner at a café and offered a drink. After taking a few sips, the partner lost consciousness. Emergency services were called. He was rushed to hospital and stayed under care for several days.

He later told reporters his life had been shaken; he had been planning a wedding and his partner’s illness hit his family hard.

Dispute Over Crypto Investment Funds

Reports note the two ran an investment operation that handled pooled money for Bitcoin bets within the crypto sector. The exact business setup is not fully explained in public reports. It is not clear whether outside investors were involved or if the money was only theirs.

That detail matters because it changes how the loss would be seen — as private failure or as potential misconduct affecting others. For now, prosecutors are focused on the poisoning charge and a breach of the Pesticide Control Act.

Crypto Deal Disaster: The Human Toll

Chosun and Asia Business Daily carried quotes and timelines from investigators and from the victim. The reporting has emphasized the human toll: sleepless nights, hospital visits, and a ruined wedding plan. Those details give a face to what might otherwise read as a financial dispute.

Court Date

A trial is scheduled for March 10 at the Seoul Eastern District Court. Prosecutors will present evidence linking the accused to the pesticide and to the drink served that day.

The accused faces serious penalties if convicted, including prison time and fines under the pesticide law.

Featured image from Unsplash, chart from TradingView

Bitcoin is struggling to push decisively above the $66,000 level as persistent selling pressure continues to weigh on sentiment across the crypto market. Price action remains fragile, with bears maintaining short-term control while buyers show limited conviction. The broader environment — marked by cautious liquidity conditions and subdued risk appetite — has kept Bitcoin locked in a consolidation phase rather than a clear recovery trend.

A recent CryptoQuant report offers additional context through the Coinbase Premium Gap, a metric that measures the price difference between Coinbase Advanced and Binance. The indicator has recently returned to positive territory for the third time this year, currently standing at approximately $10.18. While this premium remains relatively modest, its direction provides useful insight into underlying market positioning.

A positive Coinbase Premium Gap typically reflects stronger demand from US-based institutional or professional participants, who are more active on Coinbase Advanced. This platform tends to serve sophisticated traders and institutional infrastructure, whereas Binance remains the dominant global exchange, particularly among retail investors and liquidity-driven participants.

Consequently, this shift may indicate a gradual improvement in institutional demand even as broader market momentum remains weak. However, the modest size of the premium suggests that conviction is still limited, leaving Bitcoin in a cautious transitional phase.

Coinbase Premium Turns Positive As Institutional Demand Tentatively Reemerges

The report explains that since February 4, when Bitcoin entered a more pronounced corrective phase, the Coinbase Premium Gap has gradually recovered after an extended period of weakness. The metric has now moved back into positive territory, suggesting that demand on Coinbase Advanced — typically associated with professional and institutional participants — is stabilizing relative to global retail-driven liquidity on Binance.

This development remains tentative and should be interpreted cautiously. The current premium is still relatively modest, indicating that institutional conviction has not fully returned. Nevertheless, the gradual recovery suggests that current price levels may increasingly be perceived as attractive entry zones for professional investors, particularly those with longer investment horizons.

At the same time, short-term volatility could easily push the indicator back into negative territory. Such fluctuations are common during transitional phases, especially when broader market sentiment remains fragile, and liquidity conditions are uncertain.

While the return to a positive premium can be considered constructive, it does not yet signal a confirmed trend reversal. For that to occur, the premium would need to expand consistently and hold positive levels over time. Until then, the signal primarily reflects cautious positioning rather than a decisive shift in investor behavior or a clear return of sustained institutional demand.

Bitcoin Price Structure Weakens As Key Support Faces Pressure

Bitcoin’s daily chart reflects a clear deterioration in short- to medium-term structure following the breakdown from the $90,000–$95,000 region. Price has now retraced sharply toward the $65,000 area, which is acting as an interim support zone after the recent capitulation leg. The move lower was accompanied by expanding red volume, suggesting aggressive distribution rather than orderly consolidation.

Technically, BTC is trading below the 50-day, 100-day, and 200-day simple moving averages. The 50-day average has rolled over decisively and now trends downward, while the 100-day is also beginning to slope lower. The 200-day average, previously a dynamic support, has turned into overhead resistance. This alignment typically reflects a bearish momentum regime.

The most recent bounce toward $66,000 appears corrective rather than impulsive, with no clear higher-low structure established yet. For bulls to regain control, Bitcoin would need to reclaim the $70,000–$72,000 range and sustain acceptance above the declining short-term averages.

If $63,000 fails to hold on a closing basis, downside liquidity could extend toward the next structural support zone near $58,000–$60,000. Until a clear reversal pattern forms, the chart favors cautious positioning within a defensive market phase.

Featured image from ChatGPT, chart from TradingView.com 

Crypto asset manager Bitwise just made one of its boldest moves yet. The company has acquired Chorus One, a staking infrastructure firm that manages more than $2.2 billion in assets across dozens of blockchain networks. The deal brings 50 Chorus One employees into Bitwise’s growing onchain division, where several billion dollars in crypto assets are already being staked by clients.

Financial Terms Undisclosed

Chorus One has been in the staking business since 2018. Over those years, it built a client base that includes family offices, large funds, exchanges, high-net-worth individuals, and custodians — the kind of institutional relationships that take years to earn. Its founder and CEO, Brian Crain, will stay on in an advisory role as the rest of the team folds into Bitwise Onchain Solutions.

Reports say the financial terms of the deal were not made public. Bitwise did not disclose how much it paid.

What is clear, though, is what the company gets out of it. The acquisition extends Bitwise’s staking reach across more than 30 proof-of-stake networks — among them Solana, Avalanche, Sui, Aptos, Hyperliquid, Monad, and Tezos. That is a wide net, and it signals the company is not thinking just about Ethereum.

Staking, for those unfamiliar, works like this: holders of certain crypto tokens lock them up on a blockchain to help keep the network running. In return, they earn rewards — typically somewhere between 2% and 10% a year, on top of any gains from the token itself.

Why The Timing Matters

The US Securities and Exchange Commission has been warming up to a wider range of crypto investment products. That shift has opened the door for new types of exchange-traded funds, including ones that could one day offer staking rewards to ordinary investors. Bitwise appears to be positioning itself for exactly that possibility.

Bitwise CEO Hunter Horsley described staking as “one of the most compelling growth opportunities” the firm sees for its clients. The company already runs more than 40 investment products and oversees roughly $15 billion in assets under management. Its flagship offerings include the Bitwise Bitcoin ETF and the Bitwise Ethereum ETF, which have pulled in over $2 billion and $387 million in flows respectively since launching in 2024.

Room To Grow

With nearly 200 employees now spread across the world, Bitwise has been steadily building out beyond its core ETF lineup. Reports note that its other products include ETFs tied to Solana, XRP, Chainlink, and even Dogecoin. The Chorus One deal adds staking muscle to that already broad product shelf.

Featured image from Gemini, chart from TradingView

Solana (SOL) is attempting to stabilize after weeks of selling pressure, with price action now centered around a critical technical zone that could determine its next directional move.

Related Reading: MoneyGram Joins Cardano’s Midnight As Federated Mainnet Validator

After falling from recent highs near $86, the Solana price rebounded from support around $75–$76 and climbed back above $80, drawing renewed attention from traders and institutional investors watching for signs of a broader recovery.

Recent market data shows Solana price in a consolidation phase, where improving derivatives positioning and fresh ETF inflows are beginning to offset weak sentiment caused by declining network activity and external market shocks.

ETF Inflows Signal Institutional Re-Engagement

A key catalyst behind the latest recovery has been renewed institutional demand. U.S. spot Solana ETFs recorded approximately $3.78 million in net inflows on February 24, reversing a stretch of outflows that had coincided with price weakness.

Cumulative inflows into Solana-linked ETFs have now surpassed $900 million, suggesting continued interest from regulated market participants despite volatility.

Derivatives markets also show improving sentiment. OI has risen while long positions increasingly outweigh shorts, indicating traders are adding exposure rather than exiting positions. Short liquidations following the rebound from $76 helped remove near-term selling pressure, allowing price to reclaim the $80 region.

Technically, SOL is holding above key short-term averages and the 50% Fibonacci retracement of its recent decline. Momentum indicators such as the RSI moving above neutral levels suggest buyers are regaining control in the short term.

Solana Price Key Resistance Levels Between $85 and $90

Despite improving momentum, resistance remains concentrated between $85 and $88, a zone that previously rejected multiple recovery attempts. A confirmed close above this band could open a path toward $90–$94, where higher-timeframe resistance and trend indicators converge.

Chart patterns are also drawing attention. Analysts point to a potential triple-bottom formation near $75, often interpreted as a reversal structure if followed by strong volume. However, failure to maintain support above $79–$80 could expose Solana price downside levels near $77 and potentially $74 again.

Risks Persist After Ecosystem and Activity Declines

The recovery comes amid ongoing ecosystem concerns, including a platform shutdown following a major hack and declining on-chain activity. Falling active addresses and total value locked signal weaker engagement.

Related Reading: Odds Of Crypto Market Structure Bill Passing This Year Fall To 40% On Polymarket

Currently, Solana’s outlook now depends on whether institutional inflows and technical stability can offset soft network metrics. Holding $80–$83 as support could open a move toward $90, while failure may keep price consolidation in place.

Cover image from ChatGPT, SOLUSD chart from Tradingview

Open interest in the derivatives markets for Dogecoin and XRP has fallen back to levels last seen in 2024, according to data from Coinglass. Slower capital inflows into the broader crypto market and extended outflows have weighed on the price action of these cryptocurrencies, and the impact is now visible in their futures markets, where investor positioning has been scaled back.

Dogecoin’s open interest, for one, is now below $1 billion, while XRP’s figure is now back to late November 2024 territory, effectively erasing over a year of position buildup in the futures market.

Dogecoin Open Interest Falls Below $1 Billion

Data from Coinglass shows that Dogecoin’s total open interest currently stands at 10.63 billion DOGE across multiple exchanges. Based on the current price action of Dogecoin, this total open interest is valued at $992.65 million. 

Interestingly, this is a return of Dogecoin’s open interest to sub-$1 billion levels in USD terms, something not seen since October 2024. Since late 2024, Dogecoin’s open interest has consistently held above the $1 billion mark, even during periods of price consolidation. However, this is not the case anymore in February 2026. Most of this can be attributed to the fact that Dogecoin has lost major price support levels since the beginning of 2026. 

A breakdown of exchange data shows that Binance holds 2.09 billion DOGE in open interest, worth approximately $195 million, accounting for 19.64% of the total. Gate leads in USD terms with about $228.99 million in open positions, representing 23.06% of the market share. OKX follows with $99.74 million, while Bybit holds $86.52 million.

In the past 24 hours, the total Dogecoin open interest across exchanges is down 3.11%, reflecting continued deleveraging. Some exchanges have seen more declines, with Gate down 13.83% and BingX down 24.75% over the same period.

XRP Open Interest Returns To Late November 2024 Levels

XRP’s open interest has also suffered the same fate as Dogecoin, with total open contracts now standing at 1.65 billion XRP, valued at $2.27 billion. This brings XRP’s derivatives exposure back to levels last seen in late November 2024, when the XRP open interest was hovering just below $2.5 billion.

On a 24-hour basis, total XRP open interest is down 0.61%. The Chicago Mercantile Exchange (CME) currently leads with 378.89 million XRP in open contracts, valued at $519.11 million. Binance comes second with 339.57 million XRP worth $465.17 million, accounting for 20.52% of open interest.

Other notable positions include Bybit with $225.82 million and Gate with $200.67 million in open contracts. However, some exchanges have seen sharp daily declines, including Gate, which is down 17.24% over the past 24 hours, and BingX, which is down 31.19%.

The crypto market is showing renewed strength after several days of volatility, with prices rebounding as traders reposition ahead of key U.S. economic data. A mix of technical recovery, macroeconomic expectations, and market structure dynamics has helped digital assets regain momentum.

After recent selling pressure drove prices toward critical support levels, buyers stepped back in, triggering a broad recovery led by Bitcoin and several high-performing altcoins. The move comes as investors increasingly focus on upcoming U.S. labor market data.

Market Rebound Signals Bearish Exhaustion

The total cryptocurrency market capitalization has added tens of billions of dollars over the past 24 hours, climbing back toward the $2.3 trillion region after earlier losses. Analysts point to signs of bearish exhaustion, with stabilizing price action suggesting that sellers may be losing control in the short term.

Bitcoin reclaimed the $65,000 level and continues to trade within a multi-week consolidation range between roughly $65,000 and $70,000. This rangebound structure reflects a balance between buyers and sellers, but the latest rebound indicates improving risk appetite.

Ethereum also advanced, holding near the $1,900 zone, while large-cap assets posted moderate gains of over 3%. Meanwhile, leveraged markets contributed to the rally, as widespread short liquidations forced automated buybacks that accelerated upward price movement.

Altcoins mirrored the broader trend, with tokens such as UNUS SED LEO (LEO) posting double-digit gains amid steady capital inflows. Smaller-cap assets recorded sharper percentage moves, although volatility remains elevated across that segment of the market.

U.S. Economic Data and Liquidity Expectations Drive Momentum

A major catalyst behind today’s crypto surge is anticipation surrounding upcoming U.S. initial jobless claims data. Historically, weaker labor market readings have strengthened expectations of Federal Reserve rate cuts, which tend to support risk assets like cryptocurrencies by improving liquidity conditions.

Recent market behavior suggests traders are positioning ahead of the data release. Bitcoin has repeatedly reacted positively to jobless claims reports this month, reinforcing the connection between macroeconomic indicators and crypto price action.

Similarly, improving sentiment in global equity markets, particularly technology stocks, has added support. Crypto assets often move alongside risk assets, and gains in equities have encouraged investors to re-enter digital markets following the recent dip.

Key Levels to Watch as Breakout Pressure Builds

Despite the recovery, the market remains at a critical technical juncture. For the broader crypto market, a decisive move above the $2.30 trillion capitalization level could confirm stronger bullish momentum. Failure to hold current support, however, may reopen downside risks.

Bitcoin faces a similar test, with resistance near the $67,000–$70,000 range acting as the next major hurdle. A confirmed breakout above this zone would strengthen the bullish outlook, while a drop below recent support levels could revive volatility.

Even as the Fear and Greed Index remains in extreme fear territory, improving price stability and macro catalysts suggest traders are preparing for a potential breakout, one that may ultimately depend on the direction set by upcoming U.S. economic data.

Cover image from ChatGPT, BTCUSD chart on Tradingview

With the persistent downside performance of the Cardano price over the past few weeks, its short-term outlook is turning out to be uncertain and highly volatile. However, investors’ action is telling a different story as sentiment quietly recovers among key ADA holders, which could impact and change the course of the altcoin in the near future.

ADA Investors Taking Action Behind The Scenes

Cardano (ADA) retested the $0.25 price level once again after the broader cryptocurrency market drawdown, reflecting a weakening and cautious environment. Yet beneath the surface, investor behavior is beginning to tell a different story.

Despite this downside performance, which has persisted for months, investors’ activity is hinting at a growing bullish interest in the altcoin as accumulation steadily builds. On-chain trends and wallet activity suggest that long-term traders remain resilient, a segment of the market that is currently drawing attention in the space.

This divergence between price performance and investor activity reinforces the idea of a growing conviction and dependence on the cryptocurrency and its future prospects. At this point, ADA may face an extension of its bearish phase or trigger a rebound as investors continue to add to their positions.

Data from Santiment, a leading market intelligence and on-chain data analytics platform, revealed that the growing accumulation is centered around key whales and sharks. After examining the amount of Cardano held by these key investors, the platform highlighted that they have been quietly buying up their holdings over the past 6 months.

During the period, the whales and sharks, wallet addresses holding between 100,000 and 100 million ADA, have cumulatively acquired more than 819.4 million ADA, valued at over $213.9 million despite ongoing market pressure. 

Even with the price of Cardano falling by over 71% from $0.90 to $0.26, these investors remain unshaken by the pullback and have amassed about 1.6% of the total supply in the market. When investors are buying during heightened volatility, it often suggests that they could be preparing for a long-term recovery beneath the surface.

A Shift In Cardano’s Monthly Structure

Following the sharp pullback in price, speculations are that Cardano may have flipped its monthly structure. Bitcoinsensus, a market analyst on the social media platform X, has offered insight into the current structure of ADA and its possible next direction.

Looking at the monthly chart, ADA is undergoing a multi-year correction range following the prior expansion cycle. As seen in the past, this correction phase preceded a massive pump phase, which Bitcoinsensus believes could repeat itself this cycle. There is a recent reaction from the lower boundary of the range.

The chart shows early signs of higher timeframe momentum attempting to build. Bitcoinsensus noted that significant expansions historically followed prolonged compression stages; the structure is currently in a crucial transition zone.