Day: February 23, 2026

Bryan Pellegrino: Xero’s unified blockchain system eliminates layer separation, misconceptions about layer two security, and the game-changing potential of zk technology

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LayerZero’s breakthrough technology could redefine blockchain efficiency and scalability for the entire industry. Key takeaways Xero operates as a unified blockchain system, eliminating the need for separate entities managing different layers. LayerZero Labs has delved deeper into various virtual machines and architectures than any other group. Layer twos do not inherit the security of layer ones, contrary to common belief in the industry. The future of blockchain technology involves a unified system ensuring trustless community interactions. Chains prioritize assets over the infrastructure that connects them, shifting focus from service providers.…

Curve’s Egorov Calls for Sustainable DeFi Yield

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Decentralized finance (DeFi) can no longer rely on inflationary token incentives to sustain growth, according to Curve Finance founder Michael Egorov.  In an interview with Cointelegraph, Egorov said protocols must generate real revenue rather than depend on emissions to attract liquidity. “Your yield should come from revenues, not from tokens,” Egorov told Cointelegraph. “You need real revenues flowing.” He added that if a token “is not doing something, maybe it’s better for you to not do token at all.” Egorov contrasted the current environment with the “DeFi summer” of 2020,…

Tom Lee’s Ethereum treasury Bitmine holds 4.4M ETH worth $8.5B

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Bitmine Immersion Technologies (BMNR), the largest Ethereum treasury led by Thomas “Tom” Lee, reported today that its Ethereum holdings have reached 4.4 million coins, valued at approximately $8.5 billion. With a current stake of about 3.7% of Ethereum’s circulating supply, Bitmine is steadily progressing toward its 5% target, completing 74% of its intended accumulation. Lee said in a statement that Bitmine would stay focused on a disciplined accumulation of Ethereum despite a pullback in prices. He noted that the current market is an opportunity given ETH’s growing utility and adoption.…

Standard Chartered Reaffirms $2T Stablecoin Call, Trims T-Bill View

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Standard Chartered analysts stuck to their forecast that the stablecoin market will reach $2 trillion by late 2028, despite lowering expectations for short-term US Treasury bill demand. Stablecoins like Tether’s USDt (USDT) and Circle’s USDC (USDC) are expected to push T-bill demand to $2.2 trillion by 2028, Standard Chartered analyst Geoffrey Kendrick and US rates strategist John Davies said in a Monday report shared with Cointelegraph. Despite the US dollar stablecoin market cap stalling at around $300 billion in recent months amid a broader crypto downturn, the analysts remain bullish since…

AI Kills Jobs, Crypto Eats Payments: Citrini Research’s 2028 Scenario

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Thematic equity and global macro analysis company Citrini Research has published a new post imagining the world of 2028 that sketches an economy transformed by artificial intelligence. In Citrini’s version of near-future history, AI finally delivers on its productivity promise, as companies cut staff, profits surge and stocks roar. The post is framed as a macro memo from June 2028 and has been shared widely on X. In Citrini’s scenario, equity markets initially celebrate the efficiency shock. The S&P 500 “flirted with 8000,” and the Nasdaq “broke above 30k,” as investors…

Strategy Acquires 592 BTC in 100th Bitcoin Purchase

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Strategy bought 592 Bitcoin for about $39.8 million last week, marking its 100th purchase since the company adopted its Bitcoin-focused treasury strategy in August 2020. The latest purchase brings the company’s total holdings to 717,722 BTC, acquired at an aggregate cost of $54.56 billion, according to a US Securities and Exchange Commission filing on Monday. The newly acquired Bitcoin was purchased at an average price of $67,286 per BTC, inclusive of fees and expenses. The purchases were funded through the sale of 297,940 shares of Strategy’s Class A common stock…

How Socialfi, Memecoins and AI Pushed Base to the Top of the L2 Ladder

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Base will transition to a unified, internally maintained stack, expected to be its biggest architectural shift since launch. After debuting in 2023 as a rollup built on Optimism’s OP Stack, Coinbase’s Ethereum layer 2 is now consolidating its software into an in-house distribution, which can unlock faster upgrades and greater autonomy over its technical roadmap. It has been exactly three years since Base launched its testnet. The network has experienced SocialFi explosions and ridden its own memecoin wave. It even went through a phase that both fascinated and unnerved Crypto…

Strategy acquires 592 Bitcoin at over $67,000

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Leading Bitcoin treasury company Strategy said Monday it added 592 BTC to its holdings last week, paying nearly $40 million at an average cost of $67,286 per coin. The purchase brings the company’s total Bitcoin stockpile to 717,722 coins, valued at approximately $48 billion at current market prices. Strategy has acquired 592 BTC for ~$39.8 million at ~$67,286 per bitcoin. As of 2/22/2026, we hodl 717,722 $BTC acquired for ~$54.56 billion at ~$76,020 per bitcoin. $MSTR $STRChttps://t.co/6XmsDaiO5f — Strategy (@Strategy) February 23, 2026 According to a new SEC filing, Strategy funded…

Bitmine Faces $8.8B Paper Loss, Threatening ‘Cyclical Downturn’ for Ether

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Corporate Ethereum treasury companies are coming under increasing pressure as the crypto downturn deepens, with analysts warning the market is approaching a make-or-break phase for Ether’s investment case. Bitmine Immersion Technologies, one of the biggest corporate holders of Ether (ETH), is sitting on a large unrealized loss as ETH trades well below the company’s average acquisition price, according to third-party tracker Bitminetracker. Some estimates put Bitmine’s paper losses in the roughly $8.8 billion range after Ether’s slide over recent months. ETH’s price fell 60% during the past six months, dropping…

Ansgar Dietrichs: zkEVM could be Ethereum’s biggest transformation, enhancing scaling by optimizing verification, and the shift to mandatory zk proofs will boost network efficiency

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Zero-knowledge proofs could revolutionize Ethereum’s efficiency and scalability in the upcoming zkEVM era Key takeaways zkEVM technology reduces computational effort by allowing nodes to verify blocks without re-executing them. An upcoming Ethereum fork is on the horizon, though not imminent. The zkEVM era could be Ethereum’s most impactful era due to its scaling benefits. zkEVM addresses blockchain scaling issues by optimizing verification processes. Transitioning to synchronous verification could lead to significant performance improvements. Galaxy is a leading platform offering diverse financial products in the digital asset space. Emerging markets may…