Month: February 2026

Ethereum Price Signals Fresh Rally Attempt, Traders Watch Key Levels

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Ethereum price started a major rally above the $2,020 resistance. ETH is now consolidating gains and might aim for another increase above $2,050. Ethereum started a fresh upward move above the $1,980 zone. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,080 zone. Ethereum Price Dips To Support Ethereum price managed to…

Buterin Outlines Ethereum’s Quantum Resistance Roadmap

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Ethereum co-founder Vitalik Buterin has identified and proposed a plan to address four areas of the network that he sees as most quantum-vulnerable. Quantum computing and crypto have been in the headlines recently as concerns mount over Bitcoin and other blockchains’ resistance to quantum-capable supercomputers. Buterin posted his quantum resistance roadmap for Ethereum on Thursday, stating that the four areas are: validator signatures, data storage, user account signatures, and zero-knowledge proofs. He said that replacing the current BLS (Boneh-Lynn-Shacham) consensus signatures with “Lean” quantum-safe hash-based signatures would fix that component.…

Bitcoin Price Consolidates Above Support, Breakout Hopes Strengthen

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Bitcoin price started a decent increase above $68,000. BTC is now consolidating above $66,250 and might aim for more gains above $68,800. Bitcoin started a fresh increase after it settled above the $67,200 support. The price is trading above $67,200 and the 100 hourly simple moving average. There is a new bearish trend line forming with resistance at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $66,500 and $66,250 levels. Bitcoin Price Dips To Support…

Bitcoin Wallets Holding 100 BTC About To Hit 20K: Santiment

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Bitcoin is on the verge of surpassing 20,000 wallets with at least 100 Bitcoin, an indicator that could signal healthy market dynamics, according to crypto analytics platform Santiment. As of Thursday, there were 19,993 unique wallets holding 100 BTC or more, worth roughly $6.71 million per wallet at the time of publication, Santiment said in an X post on Thursday. Santiment anticipates that the milestone could be reached by Friday. “If the number of 100+ BTC wallets is growing, that suggests distribution across more large holders rather than a small…

Jack Dorsey’s Block Announces 4,000 Job Cuts in AI Overhaul

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Bloomberg reported earlier this month that 10% of Block’s workforce could be cut during annual performance reviews as part of a broader overhaul. Jack Dorsey’s payments company Block will cut over 4,000 of its staff, with its co-founder pinning the move on the rapid acceleration of AI. “We’re already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company, and that’s accelerating rapidly,” wrote Dorsey in…

Bitcoin ETF Inflows Rise While Derivatives Markets Reflect Caution

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Key takeaways: Bitcoin derivatives show persistent fear despite the current rally toward $70,000, as seen by futures premiums being pinned well below neutral levels. The markets’ cautious stance stems from broad risk-aversion and lingering concerns over institutional BTC liquidations and Bitcoin network security. Bitcoin (BTC) retested the $70,000 level on Wednesday, recovering from Tuesday’s low of $62,500. While inflows into Bitcoin exchange-traded funds (ETFs) helped stabilize market sentiment, the momentum failed to restore confidence within the BTC derivatives markets. Traders remain concerned that underlying factors are preventing a sustained rally…

Jack Dorsey says Block to cut over 40% of workforce as stock surges 25% after earnings

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Jack Dorsey said Block will cut nearly half of its workforce, reducing headcount from more than 10,000 employees to just under 6,000, a move affecting over 4,000 workers. The announcement was shared in a note posted by the Block CEO on X and released alongside the company’s latest earnings report. Block said it is not making the cuts due to financial distress, pointing to improving profitability and continued gross profit growth. Dorsey wrote that advances in intelligence tools and flatter teams are fundamentally changing how the company operates, prompting a…

Nvidia shares slide 5% as AI spending concerns overshadow earnings beat

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Nvidia, the leading supplier of AI chips, saw its shares slide 5% today as semiconductor stocks came under renewed selling pressure. The company reported yesterday an earnings beat that surpassed investor estimates, with fourth quarter fiscal 2026 revenue reaching $68.1 billion, up 73% year over year. For the full fiscal year, Nvidia generated $215.9 billion in sales, a 65% increase from the prior year. Management projected quarterly revenue of $78 billion going forward, exceeding Wall Street estimates that had forecast figures below $72.3 billion. The earnings beat initially pushed the…

Nasdaq Files to List VanEck JitoSOL ETF Tied to Solana Liquid Staking

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Nasdaq has filed a proposed rule change to list the VanEck JitoSOL ETF, a fund designed to hold the Solana-based liquid staking token JitoSOL. Liquid staking allows users to stake tokens to help secure a proof-of-stake network while receiving a transferable token in return that represents the staked assets and accrued rewards. Jito Foundation president Brian Smith told Cointelegraph that if the fund is approved, staking rewards would not be distributed separately but instead reflected in the fund’s net asset value. Because JitoSOL automatically compounds rewards, each token held by…

US Lawmakers Introduce Bill to Protect Blockchain Devs from Prosecution

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A bipartisan group of lawmakers in the US House of Representatives has introduced legislation aimed at halting prosecution of software developers who do not have custody or control of others’ crypto assets. In a Thursday notice, Representatives Scott Fitzgerald, Ben Cline and Zoe Lofgren said that they would be sponsoring the Promoting Innovation in Blockchain Development Act in an effort to change how to handle criminal cases potentially involving blockchain developers. The bill would clarify that Section 1960 under US federal law, on the “prohibition of illegal money transmitting businesses,”…