Month: February 2026

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…

Pharos Network launches RealFi Alliance to unify real-world asset markets

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Pharos Network, a blockchain infrastructure project built by former Ant Group engineers, is launching the RealFi Alliance, a consortium aimed at creating unified standards for tokenized real-world assets (RWA), according to a Monday announcement. The initiative brings together nine founding members, including Chainlink, LayerZero, Centrifuge, Asseto Finance, Ember, Faroo, R25, Re7 Labs, and TopNod. The Alliance aims to address persistent obstacles in the tokenization sector, such as fragmented liquidity, inconsistent infrastructure, and regulatory silos that have hindered institutional adoption. The group’s core mission is to transform the RWA market from…

Vitalik Buterin sells 1,869 ETH in two days amid price drop

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Vitalik Buterin, the co-founder of Ethereum and a leading figure in blockchain development, offloaded 1,869 ETH, worth approximately $3.7 million, over the last two days, according to data tracked by Lookonchain. vitalik.eth(@VitalikButerin) is selling $ETH faster again. In the past 2 days, he has sold 1,869 $ETH($3.67M). During that time, $ETH fell from $1,988 to $1,875, down 5.7%. Last time he sold 6,958 $ETH($14.78M), $ETH dropped from $2,360 to $1,825 — a 22.7% fall.… pic.twitter.com/v2x6Q3ZTme — Lookonchain (@lookonchain) February 23, 2026 Buterin resumed ETH selling over the weekend after a…

Bitcoin Funds Lead Weekly Outflows As Short-BTC Inflows Rise

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Crypto investment products recorded $288 million in outflows last week, extending their losing streak to five consecutive weeks — the longest stretch of exits since the launch of US spot Bitcoin exchange-traded funds (ETFs) in 2024. The latest withdrawals bring cumulative outflows to $4 billion, according to CoinShares’ Monday report. Despite the sustained downturn, total outflows remain below the $6 billion recorded over the same period last year, said James Butterfill, head of research at CoinShares. Weekly crypto flows (in millions of US dollars). Source: CoinShares Trading activity in crypto…

Crypto funds see $288M in outflows as short Bitcoin demand grows

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Investor withdrawals from digital asset investment products totaled $288 million last week, extending the downturn to five consecutive weeks, as short-Bitcoin funds saw strong inflows, according to CoinShares. In the last five weeks, digital asset products have seen $4 billion in cumulative outflows, with trading activity sliding to levels not seen since mid-2025. Weekly volumes fell to $17 billion, signaling subdued investor interest. Regional patterns diverged sharply. Investors in the US withdrew $347 million, while their counterparts in Europe and Canada added $59 million, with Switzerland, Canada, and Germany contributing $19.5 million,…

Bitcoin Treasuries Log Rare Selling Streak as BTC Trades near $66,000

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Corporate Bitcoin treasury companies posted a rare three-week selling streak, a shift analysts say could deepen Bitcoin’s pullback if fresh demand doesn’t emerge. Bitcoin (BTC) treasury companies logged three consecutive weeks of selling, according to Capriole Investments’ Bitcoin Treasuries buy and sell indicator shared by educational platform Coin Bureau. The metric tracks net buying and selling by public companies that hold Bitcoin on their balance sheets. It marked the first three-week selling streak in the short history of BTC treasury companies. Continued corporate selling threatens to push Bitcoin’s price toward…

South Korea’s Central Bank Reaffirms Bank-First Stablecoin Model

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South Korea’s central bank has reportedly renewed its push to keep Korean won-pegged stablecoin issuance in the hands of commercial banks, warning lawmakers that privately issued digital tokens could undermine monetary policy and create new foreign-exchange and financial-stability risks. In a report submitted to South Korea’s National Assembly Strategy and Finance Committee, the Bank of Korea (BOK) described won stablecoins as “currency-like substitutes” and said their introduction must account not only for industrial benefits but also for monetary policy, foreign exchange stability and financial risks, according to local reporting.  The…

Tyler Winklevoss ‘Optimistic’ as Gemini Cuts Jobs and Sells BTC

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Gemini co-founder Tyler Winklevoss says crypto sentiment is so bad he’s “optimistic,” even though the exchange he runs with his brother Cameron is forced into a sharp reset and Winklevoss Capital appears to have been steadily selling Bitcoin for the last 12 months. Despite his public bullish sentiment, onchain trackers including Arkham reveal that the Winklevoss Capital wallet has been reducing its Bitcoin (BTC) exposure over the past year, from about 23,000 BTC in February 2025 to fewer than 11,000 BTC in February 2026. Gemini’s latest filing with the US…

Bitcoin Market Cap Drops as Traders Predict Deeper Losses

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Bitcoin slid below $65,000 over the weekend before stabilizing Monday as traders on prediction market Polymarket increased bets that the cryptocurrency’s pullback has further to run. The odds of Bitcoin (BTC) falling below $55,000 climbed to 72% on Polymarket Monday, with $1.2 billion in volume on platform. Other bearish bets include price declines below $50,000 and $45,000, with odds of 67% and 47%, and trading volumes of $170,000 and $1.4 billion, respectively. Odds that Bitcoin would drop below $55,000 surged 14% at the time of writing. Source: Polymarket Bitcoin briefly…