Day: February 24, 2026

Russia Reportedly Investigates Telegram CEO Over Facilitating Terror

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Russian authorities have initiated a criminal investigation into Telegram co-founder and CEO Pavel Durov, according to state media reports. Durov is being investigated in Russia as part of a criminal case involving allegations of facilitation of terrorist activities, official state publication Rossiyskaya Gazeta reported on Tuesday, citing the Federal Security Service (FSB). Kremlin spokesman Dmitry Peskov reportedly confirmed the investigation, saying the news reports were based on materials from the FSB, which was “carrying out its functions.” The latest news adds to an ongoing pressure campaign against Telegram in Russia…

Ethereum Foundation begins staking 70,000 ETH to support operations

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The Ethereum Foundation (EF), which supports the development of the Ethereum blockchain, has started staking a portion of its treasury holdings to fund operations and bolster network security, the team announced on Tuesday. 1/ The Ethereum Foundation has begun staking a portion of its treasury, in line with its Treasury Policy announced last year. Today, the EF made a 2016 ETH deposit. Approximately 70,000 ETH will be staked with rewards directed back to the EF treasury. — Ethereum Foundation (@ethereumfndn) February 24, 2026 The foundation made an initial deposit of 2,016…

Hashgraph Group Launches Hedera Tool for EU Digital Product Passports

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The Hashgraph Group, a Swiss technology company building on the Hedera network, launched TrackTrace, a platform aimed at helping prepare for upcoming European Union product-compliance requirements tied to digital product passports. TrackTrace is designed to improve supply-chain visibility by tracking goods and recording product data, including emissions-related information, in a way that can be used for compliance reporting and authenticity checks, the company said in a Tuesday announcement. The platform builds verifiable audit trails for product-specific data, sustainability credentials, durability and reparability, while incorporating agentic artificial intelligence (AI) to automate…

Bitcoin Dips Under $63K as Market Enters Full Capitulation Phase

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Panic selling by short-term holders, combined with the RSI near record lows, suggests that BTC could be transitioning into a full capitulation regime. Bitcoin (BTC) sellers resumed their activity on Tuesday as the BTC price dropped 4% in 24 hours to an intraday low of $62,700. Analysts said that Bitcoin has entered an “excess loss-realization” phase, with the relative strength index (RSI) suggesting that a price bottom may be forming.  Key takeaways: Bitcoin holders continued capitulating, pushing the BTC price below $63,000 on Tuesday.  Bitcoin’s weekly RSI is nearing record…

Bitcoin Investment Thesis Still Intact Despite ETF Exit, Analysis Says.

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Bitcoin (BTC) will see “purification” as a new wave of institutional money stays long BTC for decades, says EMJ Capital founder Eric Jackson. Key points: BTC has become a “high-beta tech position,” thanks to ETFs and institutional involvement. Bitcoin ETF sellers will give way to longer-term institutional buyers, analysis predicts. Stablecoin supply needs to recover to upend the bearish trend. Bitcoin ETF moves “not a store of value” In an X post on Tuesday, Jackson predicted more stable BTC price strength in the future despite the current institutional exodus. “BTC…

Coinbase’s USDC Revenue Could Grow Seven Fold: Bloomberg

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Bloomberg Intelligence estimates that Coinbase’s stablecoin revenue, which is largely tied to its USDC revenue share with Circle and already about 19% of total revenue in 2025, could grow by two to seven times if USDC adoption in payments accelerates. Despite reporting a net loss of $667 million in the fourth quarter of 2025, according to Coinbase’s Q4 2025 shareholder letter, the company netted around $1.35 billion in stablecoin revenue last year.  That figure was up from $911 million in 2024, with $364 million in stablecoin revenue in Q4 2025…

Stablecoin Payment Firm RedotPay Eyes US IPO at More Than $4B Valuation

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Hong Kong-based stablecoin payments firm RedotPay is reportedly weighing a US initial public offering (IPO) that could raise more than $1 billion and value the company at over $4 billion. The company is working with JPMorgan Chase, Goldman Sachs and Jefferies on a potential New York listing that could occur as early as this year, Bloomberg reported on Tuesday, citing people familiar with the matter. Terms remain under review and could still change, while additional banks may join the underwriting group, per the report. Founded in April 2023, RedotPay provides…

Canaan Acquires Cipher Mining’s 49% Stake in Texas Mining Facilities

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Bitcoin mining hardware maker Canaan has purchased Cipher Mining’s 49% interest in a trio of Texas mining projects for roughly $39.75 million, expanding the company’s mining interests. The transaction covers the joint venture entities Alborz LLC, Bear LLC and Chief Mountain LLC, together known as the “ABC Projects,” according to a Monday announcement. After the deal, Canaan holds a 49% stake while partner WindHQ, a renewable energy infrastructure company, retains 51%. “By increasing our exposure to high-quality, low-cost operational power assets in Texas, we are aligning our proprietary technology with…

TRM Labs, Finray Launch Crypto and Fiat Monitoring

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Blockchain intelligence platform TRM Labs has joined forces with banking infrastructure firm Finray Technologies to create a unified system that monitors both crypto and fiat transactions. Finray’s compliance and decision engine, XZiel, has been integrated with TRM’s blockchain intelligence tools to enable real-time alert triaging, automated escalation, case management, and risk assessment across crypto and fiat transactions, the companies announced on Tuesday. With stablecoin settlements and fiat payment flows becoming increasingly interconnected and with new regulations such as Europe’s Markets in Crypto-Assets (MiCA), institutions operating in both markets now require…

Framework Ventures to Help Better With DeFi Play

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Crypto venture firm Framework Ventures has partnered with mortgage services company Better to help it launch a $500 million plan to integrate with the decentralized finance protocol Sky, formerly MakerDAO. Better said on Monday that Framework would help it provide $500 million in credit to Sky’s stablecoin ecosystem, enabling it to launch tokens tied to mortgages that would generate yield. Framework Ventures co-founder Vance Spencer said real-world assets are “one of the most important frontiers in decentralized finance, and government-backed conforming mortgages are one of the largest real-world asset classes…