Day: February 20, 2026

Bitcoin ETFs Near Five-Week Outflow Streak With $404M Outflows

admin

Selling pressure in US-listed spot Bitcoin ETFs continued Thursday, with analysts noting the cryptocurrency is on track for one of its worst yearly starts. Spot Bitcoin (BTC) ETFs saw $165.8 million in outflows Thursday, bringing weekly losses to $403.9 million, according to SoSoValue data. The redemptions moved the funds closer to a potential five-week outflow streak, with year-to-date (YTD) losses totaling $2.7 billion. Daily flows in US spot Bitcoin ETFs this week. Source: SoSoValue Trading activity continued to shrink, falling 21% over the week and reaching its lowest levels since…

Tom Lee’s Bitmine snaps up 45,000 ETH in rapid two-day accumulation: Onchain data

admin

Tom Lee-led Ethereum treasury firm Bitmine Immersion Technologies bought 45,000 ETH, valued at nearly $89 million, in two days as it pushes toward its goal of holding 5% of total supply, according to data tracked by Lookonchain. Bitmine added 10,000 ETH worth around $19.5 million on Thursday after stacking 35,000 ETH for over $69 million in two separate transactions. Lee, founder of research firm Fundstrat Global Advisors and chairman of Bitmine since June 2025, has steered the company away from Bitcoin mining toward an Ethereum-focused treasury model similar to Strategy’s…

Metaplanet CEO Defends ‘Transparent’ Bitcoin Strategy

admin

Metaplanet CEO Simon Gerovich pushed back against accusations from what he called “anonymous accounts” that the company misled investors about its Bitcoin strategy and disclosures. Critics on X have argued that Metaplanet delayed or withheld price‑sensitive information about large Bitcoin (BTC) purchases and options trades funded with shareholder capital, obscured losses from its derivatives strategy and failed to fully disclose key terms of its BTC‑backed borrowings. In a detailed X post on Friday, Gerovich argued that Metaplanet promptly reported all Bitcoin purchases, option strategies and borrowings, and that critics were misreading…

South Korea Delays Bithumb Probe Over $43B Bitcoin Mishap

admin

South Korean lawmakers are stepping up pressure on financial regulators after crypto exchange Bithumb mistakenly credited customers with Bitcoin it did not hold, an error that briefly sparked a rush to sell and renewed questions about oversight of the country’s fast-growing digital-asset market. Lawmakers said the Financial Services Commission (FSC) failed to detect critical flaws in Bithumb’s internal systems despite at least three inspections since 2022, The Korea Times reported Thursday. Representative Kang Min-guk of the main opposition People Power Party said the incident was more than a technical mishap,…

Parsec Shuts Down Business Amid Crypto Market Volatility

admin

On-chain analytics firm Parsec is closing down after five years, as crypto trader flows and on-chain activity no longer resemble what they once did. “Parsec is shutting down,” the company said in an X post on Thursday, while its CEO, Will Sheehan, said the “market zigged while we zagged a few too many times.” Sheehan added that Parsec’s primary focus on decentralized finance and non-fungible tokens (NFTs) fell out of step with where the industry has now headed. “Post FTX DeFi spot lending leverage never really came back in the…

Crypto, Banks Meet Again to Move Forward Crypto Bill

admin

The White House has reportedly refocused talks between crypto and bank lobbyists on limiting how stablecoin rewards should be paid in the third meeting between the two groups over a crypto market structure bill. Crypto and banking industry representatives met at the White House on Thursday for the third time in 16 days to discuss stablecoin provisions that have stalled the crypto bill which the Senate is looking to pass. No agreement was reached on Thursday, but executives at Coinbase and Ripple said progress was made as one of the…

Dogecoin (DOGE) Recovery Capped As Momentum Turns Bearish

admin

Dogecoin started a fresh decline below the $0.1050 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.10 and $0.1040. DOGE price started a fresh decline below the $0.1050 level. The price is trading below the $0.10 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1005 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1020 and $0.1040. Dogecoin Price Faces Uphill…

Bitdeer Stock Drops 17% on $300M Convertible Note Sale

admin

Shares in Bitdeer Technologies Group took a hit on Thursday after the Bitcoin mining and artificial intelligence infrastructure firm announced a $300 million convertible senior note offering.  Bitdeer said that it intends to offer a “principal amount” of $300 million in convertible senior notes with an option for purchasers to buy an additional $45 million in a private placement.  It is the second convertible note offering from the firm, following a $150 million offering in April 2024, which also caused an 18% stock slump.  Convertible senior notes are a loan…

XRP Price Downside Momentum Builds Amid Fading Recovery Hopes

admin

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Fed’s Neel Kashkari Says Crypto ‘Utterly Useless’

admin

Neel Kashkari, the president of the US Federal Reserve Bank of Minneapolis, says that crypto is “utterly useless” in comparison to artificial intelligence and took a swipe at stablecoins, saying they don’t have many uses. Speaking at the 2026 Midwest Economic Outlook summit on Thursday, Kashkari drew comparisons between AI and crypto, saying the latter “has been around for more than a decade, and it’s utterly useless.” “AI has not been around very long, and people are using it every day,” he added. “This is demonstrating to me that this…