Month: February 2026

Backpack Offers 20% Equity to Token Stakers Ahead of IPO

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Crypto trading platform Backpack Exchange on Monday announced that stakers of its forthcoming Backpack token will be able to earn equity in the exchange, as the company moves toward a potential initial public offering. “Users that stake the Backpack token for at least a year will have the opportunity to exchange those tokens for equity at a fixed ratio—20% of the company today,” said Backpack CEO and founder Armani Ferrante in a post to X on Monday. 20% of Backpack equity given to users who stake for a year. Don’t…

Jane Street sued for alleged front-running trades that accelerated Terraform Labs meltdown

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The bankruptcy plan administrator of Terraform Labs, Todd Snyder, has filed a lawsuit against Jane Street Group for alleged front-running trades that allowed the trading powerhouse to profit from non-public information obtained from Terraform insiders, The Wall Street Journal reported Monday. The complaint, submitted in Manhattan federal court, claims these trades not only enriched Jane Street but also contributed to the rapid collapse of the TerraUSD (UST) stablecoin and LUNA in May 2022. The lawsuit also names Jane Street co-founder Robert Granieri and employees Bryce Pratt and Michael Huang as…

Spot Bitcoin ETF Demand Slows Down In 2026: Here’s Why

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Spot Bitcoin exchange-traded funds (ETFs) are on track to post a fourth consecutive month of net outflows as Bitcoin (BTC) approaches a fifth negative monthly close in February. The slowdown is visible across the shrinking fund balances and the bearish rolling net flow data, especially when measured against competing asset ETFs. With Bitcoin price and the spot ETF holdings trending lower since October, investors are searching for answers on what the future may hold for BTC. Bitcoin ETFs dominate headlines Net assets held in US spot Bitcoin ETFs peaked near…

Bitcoin Rally To $75K Possible If These 3 Triggers Are Pulled

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Key takeaways: Historical data shows Bitcoin often outperforms during trade wars and liquidity injections despite initial macro fear. Resilient mining activity and a shift to net long positions on CME futures suggest professional traders are buying the dip. Bitcoin (BTC) traders are becoming increasingly anxious after 18 days of trading below the $75,000 level. Concerns intensified following a retest of $64,200 on Monday, triggered by a retreat in global stock markets. US President Donald Trump’s decision to increase baseline import tariffs to 15% has heightened uncertainty, leading investors to adopt…

Saylor Says Quantum Risk to Bitcoin is distant and Manageable

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Strategy CEO Michael Saylor dismissed concerns about quantum computing during an appearance on Natalie Brunell’s Coin Stories podcast, saying the cybersecurity community broadly agrees that any credible quantum threat is likely more than a decade away. While it remains unclear if or when a quantum risk might materialize, Saylor told the podcast host that any credible breakthrough would prompt coordinated software upgrades across global banking systems, internet infrastructure, consumer devices, artificial intelligence networks and crypto protocols, including Bitcoin (BTC). Saylor said the digital systems underpinning modern digital infrastructure would eventually…

PayPal Fields Buyout Approaches After Steep Share Decline: Report

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PayPal Holdings has reportedly attracted unsolicited takeover interest after a prolonged stock slump left the payments giant trading well below recent highs, signaling that competitors were looking to consolidate their footprint in the digital payments space.  Citing people familiar with the matter, Bloomberg reported Monday that PayPal has been meeting with banks to review buyout approaches from unnamed investors. One potential bidder — described as an industry rival — is said to be exploring an acquisition of the entire company, while others have expressed interest in specific PayPal assets. There…

Bitcoin Shorts Pile Up As $3 billion In Liquidity Sits At $70K

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Bitcoin (BTC) slid to a weekly low of $64,111 during the New York trading session on Monday, taking out the range lows that were initially set on Sunday evening. Despite the weakness, the price action continues to rotate closely within the three-week range between $65,000 and $71,000. Derivatives data outlines a clear lack of bearish follow-through for a deeper correction, while the liquidity positioning may frame the next move on the opposite side of the current trading range. Bitcoin traders may target the upside liquidity next The recent price drop…

Trump‘s ‘Board of Peace‘ Considers Stablecoin for Gaza Efforts: FT

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The Board of Peace established by US President Donald Trump, which requires a $1 billion contribution for membership, is reportedly exploring a stablecoin for use in rebuilding Gaza’s economy following two years of war triggered by a Hamas terror attack in October 2023. According to a Monday Financial Times report, the board is in the preliminary stages of discussing whether a stablecoin could be used to help rebuild Gaza’s economy. A person familiar with the project reportedly said the stablecoin would not be a meme coin or a replacement for…

Bitcoin Loses Bullish Weekly Trend After 126 Weeks: What Next?

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Bitcoin (BTC) closed a weekly candle below its 200-period exponential moving average (EMA) for the first time since October 2023. The weekly close ended a technical uptrend that lasted for 882 days. The shift in trend renews focus on BTC’s onchain cost-basis levels and its historical interaction with the key moving average across previous cycles, framing a broader recovery timeline based on past market behavior. The weekly trend may flip to resistance for Bitcoin The 200-week EMA tracks Bitcoin’s long-term trend and has historically separated expansion phases from the deeper…

Jansen Teng: AI agents will become autonomous economic actors, teleoperation can cut costs by 60%, and tokenization is key for robotics innovation

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Autonomous AI agents are set to transform economic systems and redefine labor in the coming years. Key Takeaways AI agents are envisioned as fully autonomous economic actors, shaping the future of economic systems. The launchpad model incentivizes AI agents with transaction fees, supporting their economic activities. Integrating physical AI and robotics could unlock new capabilities for autonomous agents. The incubator model combines tokenization with support for humanoid robotics projects to enhance project viability. A robotics token reaching a $5 million market cap secures residency in the program, linking financial success…