Month: February 2026

Analysts Reject Jane Street Bitcoin Manipulation, Bitcoin ETF Demand Rises

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This week, rumors of a “10 a.m. Bitcoin dump” blamed on quantitative trading company Jane Street gained traction online after it was sued by Terraform Labs’ court-appointed administrator, but market watchers said the data does not support a consistent, company-driven selloff. The accusations mounted a day after Jane Street was sued by Terraform Labs’ administrator amid allegations of insider trading that worsened the collapse of Terra’s algorithmic stablecoin ecosystem in May 2022. Elsewhere in the market, demand for spot Bitcoin exchange-traded funds returned after five consecutive weeks of net negative…

Morgan Stanley applies to establish US national trust bank for digital asset business

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Morgan Stanley has applied to the Office of the Comptroller of the Currency (OCC) to establish a dedicated digital asset trust bank. According to a filing published on February 27, the proposed entity, Morgan Stanley Digital Trust, National Association (MSDTNA), would operate as a nationally chartered trust bank focused on custody services for crypto assets. The trust bank, which would be wholly owned by Morgan Stanley Capital Management, plans to hold digital assets on behalf of clients and conduct related activities, such as buying, selling, swapping, and transferring tokens to…

Bitcoin Rally Stalls Near $70K: Will Altcoins Keep Going?

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Key points: Bitcoin continues to face selling on minor rallies, indicating a negative sentiment. Several altcoins have turned down from the overhead resistance levels, indicating the bears are active at higher levels. Bitcoin (BTC) continues to face selling on rallies, with bears attempting to sink the price below $66,000. However, some analysts believe the downside may be limited.  Analyst Willy Woo said in a post on X that the selling may have exhausted and BTC is likely to enter a period of consolidation. He expects the rebound to be rejected…

Precious metals rebound to monthly highs as crypto and stocks stall

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Precious metals rebound toward monthly highs as Bitcoin ranges near $65K and major indexes retreat. Gold climbed more than 1% on the day and nearly 8% since mid February, extending its recovery as crypto and equity markets cool. The metal approached $5,250 earlier today, heading toward a seventh straight monthly gain. Gold previously reached an all-time high near $5,600 in late January amid escalating geopolitical tensions between the US and Iran, sparked by Iran’s protest crackdown, US threats of intervention, and military buildup, which fueled safe-haven demand. After peaking in…

Minnesota to Weigh Ban on Crypto Kiosks after Scam Reports

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A Minnesota lawmaker has introduced a bill that could ban virtual currency kiosks across the state after reports of incidents involving crypto-related scams. In a Thursday session of the Minnesota House of Representatives Commerce Finance and Policy Committee, Representative Erin Koegel said the bill, House File 3642, would address the “novel” and “minimally regulated” technology of crypto kiosks. Koegel said she had heard from state law enforcement agencies that many scammers used the kiosks to trick residents into sending crypto, while legitimate traders tended to use centralized exchanges. “Because of…

Why Yen Stablecoins Are Key to Japan’s Crypto Ambitions

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Japan is preparing its financial system for a world of stablecoins and tokenized assets, with banks, regulators and financial conglomerates working to bring the yen economy onchain. The country is the world’s fourth-largest economy, and its yen is one of the most important currencies in global finance. According to the International Monetary Fund, the yen accounted for 5.82% of global foreign exchange reserves, ranking third worldwide. A major reason for the yen’s systemic importance is the carry trade. Due to low interest rates, investors borrow cheap yen, convert it into…

Revenue Beats, Earnings Per Share Miss, Stock Falls

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Shares of Figure Technology Solutions, a blockchain-based consumer lending marketplace, plunged on Friday after the company reported mixed fourth-quarter results the prior day, signaling a more difficult operating environment even as revenue continued to climb. For the quarter ended Dec. 31, the company posted revenue of $159.9 million, up from $83.9 million a year earlier, and net income of $15.1 million, compared with $5.9 million in the same period of 2024. Earnings were $0.06 per diluted share, compared to zero a year earlier. Analysts polled by Yahoo Finance expected earnings…

Ethereum Foundation launches Project Odin to support public goods teams

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The Ethereum Foundation today unveiled Project Odin, a 12-month initiative designed to help public goods teams achieve lasting financial stability. The program targets infrastructure builders working on open-source tools, node software, and security protocols that underpin the broader network but lack commercial revenue models. The Foundation for Verified Software, which maintains the Vyper programming language, will serve as the pilot participant. Vyper currently secures more than $2.3B in total value locked across roughly 8,000 deployed contracts. Project Odin unfolds in three stages: mapping available funding sources, validating potential business approaches…

Trump Media explores Truth Social spin-off following merger plans

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Trump Media & Technology Group (TMTG), which runs President Trump’s social media platform, said Friday it is evaluating a plan to spin off Truth Social into a standalone, publicly traded company. The spin-off would be part of a corporate restructuring that is under discussion among TMTG, TAE Technologies, and Texas Ventures Acquisition III. In late 2025, TMTG announced a merger with fusion energy firm TAE Technologies in an all-stock deal valued at over $6 billion. The combined company plans to begin construction of a utility-scale fusion power plant this year.…

PayPal taps MoonPay and M0 to launch PYUSDx stablecoin issuance framework

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PayPal, MoonPay and M0 are launching PYUSDx, a platform that lets developers issue branded tokens backed by PayPal USD. The product is designed to allow app developers to launch their own dollar pegged tokens without building reserve and compliance infrastructure from scratch. The rollout is scheduled for next month. “The next phase of stablecoin adoption is happening at the application layer,” said May Zabaneh, PayPal’s head of crypto. PYUSDx merges M0’s token issuance technology with MoonPay’s operational tools, allowing launches in days rather than months. The framework supports deployment across…