Day: February 12, 2026

BitGo Expands Custody, Staking Partnership With 21Shares

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BitGo Holdings and 21Shares said Thursday they have expanded their existing partnership to include custody and staking services supporting 21Shares’ crypto exchange-traded products (ETPs) for investors in the United States and Europe. Under the agreement, BitGo will deliver qualified custody, trading and execution services and integrated staking infrastructure for 21Shares’ US exchange-traded funds and global ETPs. The arrangement also provides 21Shares with access to liquidity across electronic and over-the-counter markets, according to the announcement. BitGo said the services will be delivered through its regulated entities in the US and Europe,…

Crypto, stocks and metals slide in broad market selloff

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S&P 500 falls 1.1%, Nasdaq drops 1.4% as investors brace for inflation data and reassess AI’s impact on corporate margins. Markets declined Thursday afternoon as concerns over artificial intelligence’s rapid expansion and its potential to disrupt multiple industries weighed on investor sentiment. Bitcoin, the largest digital asset by market value, fell 2.5% to trade below $66,000, dragging the broader crypto market lower. Ethereum changed hands near $1,900 as digital assets tracked equity losses. The S&P 500 shed 1.1% while the Nasdaq dropped more than 1.4%. Among the mega-cap technology names,…

ETH ETF Flows, Onchain Volume Signal Recovery To $2.4K

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Key takeaways: Ether exchange-traded funds saw $71 million in inflows, signaling strong institutional appetite. Weekly decentralized exchange volume doubled to $20 billion, narrowing the revenue gap with Solana. Ether (ETH) price failed to sustain levels above $2,000 on Thursday, leaving traders to weigh the potential catalysts for a market turnaround. While optimism has waned since the crash to $1,745 on Friday, both exchange-traded fund (ETF) flows and ETH derivatives metrics are showing early signs of a reversal.  Traders now question if there is enough momentum for a bounce back toward…

Cango Secures $75.5M, Investor Nears 50% Voting Control

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Bitcoin miner Cango said it closed a previously announced $10.5 million equity investment from Enduring Wealth Capital Limited and entered into agreements for an additional $65 million in equity financing from entities owned by Cango chairman Xin Jin and Chang-Wei Chiu, a director of the company. According to Thursday’s announcement, the $10.5 million investment was completed through the issuance of seven million Class B shares priced at $1.50 each. The shares carry 20 votes per share, increasing Enduring Wealth Capital’s voting power to 49.7% from 36.7%, while its economic ownership…

Spot ETH ETFs Losses Outpace Bitcoin As Monthly Netflows Remain Negative

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Bitcoin (BTC) and Ethereum’s native token, Ether (ETH) continue to seach for price stability after trading at respective intraday lows of $66,171 and $1,912 on Thursday. As this process runs its course, new analysis from Bloomberg analysts investigates how the spot BTC and ETF holders are faring amid sustained price weakness and slowing exchange-traded funds (ETFs) inflows. Key takeaways: Net value of the spot Bitcoin ETF assets fell to $85.76 billion from $170 billion (Oct 2025 peak), with the 2026 net flows at roughly -$2 billion. The spot Ether ETF…

AI Infrastructure, Not Crypto, Is Driving the Real Supercycle

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After years of debate in some corners of the crypto industry, Bitcoin and digital assets are on the verge of a long-awaited “supercycle,” typically defined as an extended, structurally driven boom that lasts beyond a normal market cycle. However, the only development resembling such durable, capital-intensive expansion may be underway in AI infrastructure, according to the latest newsletter from Blockbridge Consulting, which has been rebranded to TheEnergyMag from TheMinerMag. In the newsletter, analyst Wolfie Zhao described a “trillion-dollar build supercycle” tied to AI data center infrastructure. While the so-called Magnificent…

Optimism partners with Succinct to bring ZK validity proofs to OP Stack

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Optimism, the Ethereum scaling network behind the OP Stack framework, has partnered with Succinct, a provider of zero-knowledge proof infrastructure, to bring validity proofs to its core architecture for the first time. The integration designates Succinct as the preferred ZK proof provider for Optimism’s ecosystem. Transactions will be verified cryptographically rather than through the dispute-based system that optimistic rollups traditionally use, removing the multi-day waiting period currently required for withdrawals. The upgrade, branded OP Succinct, will first deploy on OP Mainnet before becoming available to other chains built on the…

Bitcoin Price Stuck Under $72K As Consolidation Looms: New Research.

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Fresh data from Glassnode claims that Bitcoin (BTC) could be in for another “prolonged phase of range-bound” price action if key support levels are not reclaimed. Key takeaways: Bitcoin is stuck between key cost-basis levels, predicting 2022-type consolidation unless key support levels are reclaimed. Bitcoin price needs to take out the resistance at $72,000 to break out of consolidation. Bitcoin faces overhead supply challenges In the Feb. 11 edition of its regular newsletter, The Week On-chain, onchain data provider Glassnode confirmed key supply zones constraining upside follow-through and “creating overhead…

Jim Bianco: AI will surpass the internet in impact, SaaS pricing models are under pressure, and older generations may struggle with AI-driven business models

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AI’s rapid evolution is reshaping tech markets, pressuring software pricing and sparking volatility in traditional assets. Key takeaways AI is poised to transform modern life more profoundly than the internet did. The market is reacting to AI as a substitute for SaaS, causing sell-offs. AI is drastically reducing software development costs and timelines. SaaS pricing models are under pressure due to AI’s impact. Gold and silver markets are small, leading to significant price volatility. Excessive capital expenditure in tech markets can lead to overcapacity. AI infrastructure investments are massive, raising…

Trump-Linked World Liberty Financial To Enter Foreign Exchange Market

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World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by the family of US President Donald Trump, announced on Thursday that it will launch foreign currency exchange (FX) and remittance services for its users. The planned foreign exchange and remittance platform, called World Swap, seeks to challenge traditional remittance and FX service providers with lower fees and a simplified user interface, according to Reuters. Daily global FX trading volume surpassed $9.6 trillion in April 2025, according to a report from the Bank of International Settlements (BIS), and the personal…