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The digital asset treasury company reported an exponential surge in revenue for fiscal year 2025, reflecting the uptick in its Bitcoin-focused operations.

Tokyo-listed Metaplanet released its FY2025 earnings report on Monday, showing revenue climbed 738% to 8.9 billion yen, or about $58 million, from 1.06 billion yen a year earlier.

The company is the fourth-largest publicly listed institutional BTC holder, with 35,102 coins, and generated 6.29 billion yen in operating profit during the fiscal year. Premium income from writing Bitcoin options rose to 7.98 billion yen, compared with 691 million yen in fiscal 2024.

A detailed financial summary from the report also revealed its operating profit expanded 1,694.5% year-on-year from 350 million yen in FY2024. The company’s total assets also surged to 505.3 billion yen from 30.3 billion yen, an increase of more than 1,500%. Net assets also jumped 2,609.6% to 458.6 billion yen from 16.9 billion yen the previous year.

Metaplanet lauds revenue growth, but losses emerge from Bitcoin revaluation Despite its strong operating performance, Metaplanet’s earnings were heavily affected by the decline in Bitcoin prices during the last quarter of 2025. The company recorded a non-cash valuation loss of 102.2 billion yen, or about $650 million, due to King Coin’s 28% year-on-year price drop. 

Metaplanet consolidated financial summary analysis. Source: Metaplanet disclosures Since bitcoin retreated from a peak near $126,000 to finish the year below $90,000, an accounting adjustment pushed Metaplanet’s ordinary profit into a loss of 96.1 billion yen, compared with a 5.99 billion yen profit 12 months prior. 

Net income also swung deeply into negative territory, posting a loss of 95.0 billion yen after counting a 4.44 billion yen profit in 2024. The company stressed that the loss was unrealized under mark-to-market accounting.

However, the firm’s Bitcoin-related operations generated 8.47 billion yen in revenue, accounting for 95% of total income. By contrast, the hotel business contributed 436.9 million yen in revenue, while corporate and other activities had a negligible or negative impact.

Gross profit from Bitcoin-related activities reached 8.45 billion yen, far exceeding the hotel segment’s 169.3 million yen in operating income, while corporate and other operations recorded a loss of 1.07 billion yen.

In fiscal 2024, before the Metaplanet fully became a digital asset treasury, its bitcoin holdings had generated just 689.9 million yen in revenue, while hotel operations brought in 372.4 million yen. The company effectively replaced its former hospitality- and media-linked revenue model with derivatives-driven cryptocurrency income within one year.

Metaplanet executives said they will keep the asset at the centre of the business operations, and anticipate its revenue to grow by 80% after boosting the portfolio to 100,000 bitcoins by the end of the FY 2026. 

The company’s shares were trading at ¥326 on Monday, up 0.31% on the day. However, the equity has fallen 7.39% over the past five days and 44.84% over the past month.

Japanese economic state looks weak, more reasons to buy Bitcoin? Japan’s economy is struggling to pick up the pace, as government data showed Japan’s gross domestic product grew an annualised 0.2% in the October-to-December quarter. On a quarterly basis, GDP went up by a meagre 0.1%, missing expectations of a 0.4% increase.

The reading is only a modest rebound from a revised 2.6% contraction in the previous quarter, displaying fragile recovery conditions in the world’s fourth-largest economy.

“It shows that the economy’s recovery momentum is not very strong. Consumption, capital expenditure, and exports – areas we hoped would drive the economy – just haven’t been as strong as‌ we expected,” said Meiji Yasuda Research Institute economist Kazutaka Maeda.

Prime Minister Sanae Takaichi’s government, fresh from an election victory, is preparing a public spending initiative to support consumption and revitalise growth. At the same time, the Bank of Japan has reiterated plans to continue raising interest rates after years of ultra-low borrowing costs, even as inflation and currency weakness persist.

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Livepeer’s LPT token sits at $2.60 right now. Analysts think it’ll hit $9.42 by 2026, which is pretty wild considering where crypto markets have been lately. The jump comes from more people wanting decentralized streaming tech.

Back in 2023, Livepeer started beefing up its infrastructure to handle bigger streaming loads. CEO Doug Petkanics said innovation drives their user growth strategy, and he’s been pushing hard to get more platforms on board. The company wants to grab market share while decentralized apps are still hot. Petkanics thinks partnerships with content platforms will boost adoption rates across the board. So far, several unnamed streaming services have signed deals with Livepeer, though specific terms weren’t disclosed.

Crypto markets stay choppy. But Livepeer’s tech focus makes it stand out from other tokens just riding hype waves.

The company’s recent partnerships show they’re serious about growth, not just token pumping. Big institutions are starting to notice blockchain streaming solutions, which could mean more money flowing into LPT. Investment firms that ignored crypto streaming before are now asking questions about Livepeer’s revenue model and user metrics. Some hedge funds bought LPT positions in late 2025, according to blockchain data. And retail traders on crypto Twitter have been talking up Livepeer’s tech advantages over competitors.

Livepeer’s path to $9.42 depends on several moving pieces.

Tech upgrades and regulatory changes will shape how fast they can scale. The streaming market is brutal – new players pop up constantly trying to grab users with flashy features or lower costs. Livepeer has to keep innovating or risk getting left behind by faster-moving startups. Competition from established players like Theta Network and Internet Computer also creates pressure on pricing and market share.

The $9.42 target looks ambitious but doable if everything goes right. Analysts who follow the streaming crypto space think Livepeer’s scalability focus gives them an edge. “They’re building for real usage, not just speculation,” said one crypto fund manager who didn’t want to be named.

Long-term, Livepeer wants LPT at $36 by 2030. That’s a massive jump requiring perfect execution and probably some luck with market timing. See also: PGI Boss Gets 20 Years for.

Regulation could mess up these plans fast. Crypto rules keep changing, and streaming platforms face their own compliance headaches. How governments handle decentralized content delivery will impact Livepeer’s business model. The SEC hasn’t said much about streaming tokens specifically, but broader crypto enforcement could hit LPT trading.

Livepeer hasn’t shared detailed financials for upcoming projects yet. Investors want more transparency about revenue streams and user growth numbers. The company says more details are coming but didn’t give a timeline.

In January 2026, Livepeer announced a partnership with an unnamed major media company to integrate decentralized streaming tech. The media partner plans to use Livepeer’s infrastructure for better content delivery, though they didn’t reveal which shows or services will use it first. Industry sources think it’s probably a streaming platform trying to cut bandwidth costs during peak viewing hours.

On February 10, CTO Eric Tang revealed protocol upgrades designed to slash latency issues. “We’re cutting streaming delays by 40% with these changes,” Tang said during a developer call. The technical improvements should help Livepeer compete with centralized platforms that still dominate most streaming traffic.

Livepeer’s market cap hit $250 million in February 2026. That’s up from around $180 million six months earlier, showing steady investor confidence despite crypto market volatility. Some analysts think the valuation is still cheap compared to traditional streaming companies, but others worry about execution risks.

The company hasn’t finalized its roadmap for late 2026 yet. Stakeholders want more details about new partnerships and technical milestones. “We’re working on several big announcements,” Petkanics said on February 12, but he didn’t give specifics about timing or partners. For more details, see OpenAI Taps OpenClaw Founder for Personal.

LPT dropped to $2.55 on February 14 before bouncing back. The dip came after some profit-taking by early investors, but trading volume stayed strong. Market makers think the token needs to hold above $2.50 to maintain bullish momentum toward the $9.42 target.

Livepeer also upgraded its transcoding capabilities on February 11. The improvements should boost video quality while cutting bandwidth costs for users. Technical upgrades like these matter more than hype for long-term adoption, according to blockchain developers who’ve tested the platform.

The next major update comes in late 2026. How well Livepeer executes these technical improvements will probably determine whether LPT reaches analyst price targets or falls short like many other crypto projects.

Recent blockchain analytics show Livepeer processed over 2.8 million hours of video in Q4 2025, marking a 340% increase from the previous year. Major content creators including several Fortune 500 companies have quietly begun testing Livepeer’s infrastructure for live events and on-demand content delivery.

Amazon Web Services and Google Cloud face growing pressure from decentralized alternatives as bandwidth costs continue rising. Traditional content delivery networks charge premium rates during peak traffic, creating opportunities for blockchain-based solutions like Livepeer to undercut established players by up to 60% on streaming costs.

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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Wietse Wind, the lead developer of the Xaman wallet and a prominent figure in the XRP Ledger (XRPL) ecosystem, has issued a technical advisory regarding a coordinated scam campaign active this February 2026. Following a weekend of deploying emergency filters and in-app warnings, Wind outlined six specific attack methods currently targeting the community.

Six attack vectors and social engineering with XRPAccording to Wind, the current threat landscape reveals an increasingly sophisticated shift toward deceptive social engineering. The first and most prevalent method involves fraudulent sign requests that trick users into authorizing seemingly routine transactions that actually trigger the immediate transfer of XRP to addresses controlled by attackers. 

Next is the use of malicious NFTs distributed via unsolicited airdrops. These assets often include "swap offers" designed to lure holders into exchanging their legitimate balances for worthless tokens.

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Third, impersonation accounts on social platforms such as X and Telegram pose as official support staff to manufacture a sense of urgency and bypass user caution. Furthermore, phishing emails referencing wallet activity are used in the fourth vector. 

There is a massive XRPL targeted scam effort going on.

I've been working all weekend (day+night) to do what we can to add more warnings & filters, but at the end of the day nothing works as well as our own vigilance.

We're seeing:
- Scam sign requests (they try to trick you… https://t.co/FGNCtvNPDo?from=article-links

— Wietse Wind - 🪝🛠 Xaman® + XRPL + Xahau (@WietseWind) February 16, 2026 Wind specifies that since the Xaman infrastructure, the one he is heavily engaged in, does not collect user email addresses, these campaigns rely on leaked databases from unrelated crypto breaches to create the illusion of official communication.

The fifth threat is the circulation of fake desktop wallets. Wind has clarified that no official desktop client exists for Xaman, so any such software is a definitive security risk.

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Finally, the sixth threat vector involves fraudulent token giveaways that request secret keys or recovery phrases under the guise of promotional participation.

Wind stresses that the XRPL protocol remains secure and uncompromised. The attacks operate entirely at the social engineering layer, targeting user decision-making rather than network consensus. The operational takeaway is procedural discipline: verify within the official in-app support channel and treat unsolicited interaction as hostile by default.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Crypto analyst Alicharts highlights a candlestick pattern on the XRP charts, with potential implications for its price trend.

In recent tweets, Ali spotted a Gravestone doji forming on the XRP daily chart. He added that this might suggest a potential bullish exhaustion signal.

In a separate tweet, Ali noted that this bearish reversal pattern might also be forming on the weekly chart, with potentially grave implications for the XRP price. "The last time XRP printed a gravestone doji was on the weekly chart, and the price dropped 46%," he noted.

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The gravestone doji is a candlestick pattern in which the opening and closing prices of the candle are at the same level or very close to the same level. The gravestone doji has a long upper shadow and no body. Its appearance is significant after an uptrend, as it might indicate a bearish reversal. A gravestone doji often implies that the market has decided to be bearish.

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This comes amid the current uncertainty on the markets that has left market sentiment in the fear zone. The Fear and Greed Index remains in extreme fear as the crypto market continues to struggle following October's sell-off.

Optimism remainsXRP reversed five weeks of losses as it ended Sunday up 3.13%, marking its first green week since the start of 2026.

This signal has led some to question whether the XRP price might have found a floor after a crash to a low of $1.11 at the start of February.

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XRP saw profit-taking following a sharp rise on Sunday to $1.67. At the time of writing, XRP was down 2.79% in the last 24 hours to $1.49, amid a broader market drop ahead of a packed week of economic data.

If the XRP price picks up momentum again, the next targets will be $1.67 ahead of $1.81 and $2.37, which coincide with the daily MA 50 and 200, respectively. On the other hand, support is expected at $1.34 and $1.11 if the price declines.

Journalist

Posted: February 16, 2026

Ethereum’s exchange supply has steadily decreased as holders show limited willingness to sell, signaling a broader preference for long-term positioning rather than short-term liquidation.

This shift comes one month and eight days after the Ethereum Foundation officially concluded all token unlocks, following the sale of $1.96 million worth of Ethereum [ETH] into the market, according to DeFiLlama.

Combined with evolving investor behavior, this supply-side dynamic points to a developing long-term outlook for Ethereum at the time of writing.

Although ETH has shown little immediate price reaction—remaining muted and trading 5.47% below its recent daily high—the underlying data offers insight into the asset’s potential medium- to long-term trajectory.

Staked ETH reaches a new all-time high The clearest confirmation of Ethereum’s shrinking tradable supply comes from the continued rise in Total Value Staked.

This metric reflected ETH locked in deposit smart contracts and, therefore, unavailable for active trading on exchanges.

Data from CryptoQuant showed that the amount of ETH deposited into staking contracts has reached a new all-time high of 37.25 million ETH, valued at roughly $73.35 billion. These tokens are effectively removed from short-term market circulation.

Source: CryptoQuant

On a month-to-date basis—from the 1st of February to the present—more than 410,000 ETH has been added to staking contracts, representing approximately $808 million at current prices.

If this pattern holds, staking levels could scale further in the coming weeks.

The market implication of shrinking and less-accessible capital is straightforward—when demand eventually rises, reduced liquidity can amplify price movement as each available unit becomes more expensive.

For now, ETH demand remains relatively subdued, with prices trading below the $2,000 threshold.

As a result, the supply contraction is more likely to influence price dynamics over the medium to long term, particularly once demand strengthens and broader sentiment turns bullish.

Additional supply-side confluence Staking growth is not the only indicator pointing to reduced market supply. Investor behavior on exchanges also reflects a clear preference for holding rather than selling.

The number of Ethereum Deposit Addresses sending funds to exchanges has dropped sharply.

Typically, a decline in Exchange Deposits suggests investors are choosing to hold or move assets to cold storage, rather than positioning them for sale.

CryptoQuant data showed that ETH deposit addresses have fallen to roughly 4,000—a level last seen in 2017. While that period coincided with rising prices, current market conditions differ, and the metric should be interpreted within today’s broader context.

Source: CryptoQuant

At the same time, Ethereum’s Exchange Reserves have declined. A falling exchange reserve indicated a reduced quantity of ETH readily available for public market sell-offs.

At press time, ETH held on exchanges stands between 16.18 million and 16.19 million ETH, marking the first decline since reserves began rising on the 11th of February. This drop suggested investors are actively withdrawing assets from exchanges rather than preparing to sell.

Demand remains the missing variable While supply contraction is increasingly evident, demand remains the critical counterbalance. The most direct measure of this comes from Spot market activity on centralized exchanges.

Day-to-day net buying pressure has weakened. On the 1st of February, Spot investors accumulated approximately $412 million worth of ETH. This figure steadily declined, reaching just $56.81 million by the 12th of February.

The 15th of February, however, stood out as an exception. On that day, Spot purchases surged to roughly $473.84 million, marking the largest single-day inflow during the period.

Source: CoinGlass

Sustained growth in daily net inflows—rather than isolated spikes—would signal stronger demand and provide a more constructive backdrop for price appreciation.

For now, buyers have absorbed selling pressure reasonably well, but a more consistent and sustained inflow will be necessary to meaningfully shift momentum and support a stronger price trend.

Final Summary Ethereum [ETH] staking hit a record 37.25M ETH, while Exchange Reserves fell near 16.18M ETH. Spot demand remains uneven. After $412M in net inflows on 1 February, flows fell to $56.81M by 12 February, with one spike to $473.84M on 15 February.

CC Canton token enters the Top 20 after overtaking major altcoins. Can it reach the Top 10 next?

Journalist

Posted: February 16, 2026

March is set to be the largest token unlock month of 2026, with more than $6 billion in crypto assets scheduled to enter circulation. 

The scale of upcoming unlocks marks a sharp increase from prior months and places renewed focus on supply-side dynamics as markets remain sensitive to liquidity shocks.

WhiteBIT accounts for largest share of March unlocks Data from CryptoRank shows that total token unlocks in March are expected to reach approximately $6.03 billion. This makes it the most significant monthly vesting event of the year so far.

By comparison, February’s unlock volume was closer to $2 billion, underscoring the magnitude of the jump.

Source: CryptoRank

The March unlocks are heavily concentrated. WhiteBIT represents the single largest contributor, with around $4.18 billion worth of tokens scheduled to unlock over the course of the month. 

This means WhiteBIT alone accounts for the majority of all tokens entering circulation in March, far outweighing unlocks from other projects.

The remaining portion of March’s unlocks is spread across a wide range of protocols, each contributing comparatively smaller amounts. 

While several well-known networks, such as Sui and Arbitrum, are involved, none approaches the scale of WhiteBIT’s release. This highlights the uneven distribution of supply pressure during the period.

DeFiLlama data confirms concentration Parallel data from DeFiLlama supports the overall trend, though with a lower total estimate. DeFiLlama places total March unlocks at roughly $4.4 billion, reflecting differences in methodology, token coverage, and valuation timing.

Despite the discrepancy in headline numbers, both datasets identify WhiteBIT as the dominant driver of March’s unlock activity.

The convergence on this point reinforces expectations that any market impact is likely to be most visible in assets tied to large, single-source releases rather than broadly distributed vesting schedules.

February unlocks provide context ahead of March surge February’s unlocks offer a useful comparison. Major networks such as TON and Jupiter recorded the largest releases last month, each exceeding $50 million. 

While notable, those figures remain modest relative to what is scheduled for March, highlighting why the coming month stands out in the 2026 unlock calendar.

Token unlocks do not automatically translate into immediate sell pressure, as outcomes depend on holder behavior, liquidity conditions, and broader market sentiment. 

However, large, concentrated unlocks have historically coincided with increased volatility, particularly during periods of cautious risk appetite.

With March approaching, markets are likely to closely monitor how this influx of supply is absorbed, especially given the outsized role of a single contributor.

Final Summary March is on track to host the largest token unlock event of 2026, led overwhelmingly by WhiteBIT. The concentration of supply increases raises liquidity and volatility considerations as markets digest new tokens.

TL;DR

deBridge launched the MCP server, enabling AI agents to execute swaps, bridging, and multi-step transactions on EVM networks and on Solana. The system unifies multiple blockchain operations into a single interface that orchestrates wallets, switches networks, retries transactions, and executes quotes while keeping custody with the user. The model continues the Bundles system with intent-based execution and direct liquidity without wrapped assets. deBridge launched Model Context Protocol (MCP), a server that allows AI agents and developer tools to execute on-chain operations directly. The system supports swaps, bridging, and multi-step transactions on EVM networks and on Solana. Compatible tools include Claude, Cursor, and Copilot.

MCP brings several blockchain operations together into one interface. The server handles wallet orchestration, network switching, transaction retries, MEV-aware routing, and deterministic quote execution. The system design keeps asset custody in the hands of the user under a non-custodial model.

The protocol aims to automate on-chain processes without manual interaction with each chain. The system enables financial AI to execute cross-network operations, trading assistants to rebalance portfolios, and bots to run multi-step strategies. It also supports consumer applications with built-in cross-chain execution and tools capable of converting natural language into on-chain actions.

deBridge Moves Forward With the Bundles Model The launch continues the model introduced in December under the name deBridge Bundles. That system operates under intent-based execution: the user defines the desired outcome and the protocol executes the sequence without direct interaction with each blockchain. The roadmap targets full chain abstraction through a single execution engine.

deBridge was founded in 2022 with a solver-driven architecture without TVL. The protocol performs direct liquidity transfers between networks and avoids the use of wrapped assets. It currently supports around 24 blockchains, including Ethereum, Base, and Tron.

The MCP system introduces an on-chain execution layer required for the industry and aimed at an increasingly dominant segment, AI. deBridge has responded to market needs and could become a key protocol within it

BTC $67 636 24h volatility: 2.0% Market cap: $1.35 T Vol. 24h: $42.02 B has extended its recent slide, shedding more than 25% over the past month as net outflows from spot exchange-traded funds (ETFs) suggest a cooling in institutional interest. Bitcoin price is currently trading near $69,000, significantly below its record high of over $126,000 set last October.

However, it’s overall stabilising above the $60,000 level. The iShares Bitcoin Trust (IBIT) has experienced approximately $2.8 billion in net outflows over the last quarter. While substantial, this figure contrasts with the nearly $21 billion in net inflows recorded over the past year. The broader spot ETF category mirrors this trend, registering roughly $5.8 billion in exits over three months.

Bitcoin ETF holders have diamond hands despite the 44% BTC crash, keeping the majority of assets in place relative to the massive inflows seen throughout 2025.

EXPLORE: What is the Next Crypto to Explode in 2026?

Bitcoin ETF Outflows Signal Institutional Retreat, For Now Matt Hougan, CIO at Bitwise Asset Management, noted that the current selling pressure is likely not driven by long-term ETF allocators but rather by short-term traders and hedge funds utilizing liquid products to manage momentum.

It’s really a tale of two sides,

Hougan stated, emphasizing that financial advisors are largely holding steady despite the volatility.

However, the shift in market structure is palpable. Amberdata analysis indicates that year-to-date flows in 2026 have turned negative for the first time since inception. This aligns with broader market data where crypto products recorded a net outflow of $1.7 billion at the start of February, highlighting a pause in the relentless accumulation regime.

Feb 16 Update:#Bitcoin ETFs:
1D NetFlow: -1,444 $BTC(-$98.86M)🔴
7D NetFlow: -5,555 $BTC(-$380.44M)🔴#Ethereum ETFs:
1D NetFlow: -22,492 $ETH(-$44.42M)🔴
7D NetFlow: -91,151 $ETH(-$180.02M)🔴#Solana ETFs:
1D NetFlow: +27,729 $SOL(+$2.34M)🟢
7D NetFlow: +148,057… pic.twitter.com/K6h747Gg6L

— Lookonchain (@lookonchain) February 16, 2026

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Implications: What This Means for Bitcoin Price

Bitcoin Price Analysis Source:

For Bitcoin, the next major support sits near $53,000–$55,000, if it fails to hold $60,000 while $69,000 and $86,0000 now act as resistance.

The divergence between Bitcoin and traditional safe havens has rattled investors. While gold pushes toward new highs, the Bitcoin crash has hit strategy and spot ETFs hard, leaving many recent entrants underwater.

Looking ahead, crypto traders are watching for signs of capitulation or a demand floor. Although Bitcoin ETFs see sporadic inflows as investors accumulate assets during dips, sustained selling pressure raises fears of a “crypto winter.”

If the $60,000 support level fails to hold, analysts warn that the correction could deepen as institutional leverage continues to reset.

DISCOVER: Best Solana Meme Coins By Market Cap 2026

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Neil is a professional cryptocurrency content writer with years of experience. He has written for various cryptocurrency websites to report on breaking news, and been hired by all sorts of cryptocurrency projects, to create content that would increase their exposure and attract more potential investors.

Neil Mathew on LinkedIn

Harvard reduced its Bitcoin ETF holdings by 21% in the fourth quarter. The endowment opened a $86.8 million position in BlackRock’s Ethereum ETF. Despite volatility, Bitcoin remains Harvard’s largest disclosed equity holding. Harvard Management Company reduced its Bitcoin ETF holdings by 21% in the fourth quarter while building a significant position in an Ethereum ETF, according to a recent SEC filing.

The Ivy League endowment disclosed that it held 5.35 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) as of Dec. 31. The position carried a market value of $265.8 million. In the prior quarter, Harvard reported 6.81 million shares valued at $442.8 million. The reduction amounts to roughly 1.48 million shares.

Despite the cut, Bitcoin remains Harvard’s largest publicly disclosed equity holding. The endowment’s IBIT stake still exceeds its reported positions in major tech companies such as Alphabet, Microsoft, and Amazon.

At the same time, Harvard opened a new $86.8 million position in BlackRock’s iShares Ethereum Trust (ETHA). The filing shows that the fund purchased 3.87 million shares during the quarter. This marks Harvard’s first publicly disclosed exposure to an Ether-focused ETF.

Market Volatility Shapes Strategy Harvard made these adjustments during a volatile period for digital assets. Bitcoin peaked near $126,000 in October 2025 before falling to $88,429 by year-end. Ether also faced pressure, declining roughly 28% over the same quarter.

Currently, Bitcoin trades near $68,600 while Ether hovers around $1,900. The shift suggests Harvard may be diversifying within crypto rather than exiting the asset class.

Institutional appetite for crypto ETFs continues to evolve. Asset managers such as BlackRock have expanded digital asset offerings, drawing capital from pensions, endowments, and hedge funds. Harvard’s move signals continued institutional engagement, even amid price swings.

Academic Scrutiny and Risk Debate Harvard’s crypto allocation has drawn criticism from academic observers. According to reporting by The Harvard Crimson, some finance professors questioned the long-term value of digital assets.

Andrew F. Siegel, emeritus professor at the University of Washington, described Bitcoin as risky and noted that it had fallen 22.8% year-to-date. He argued that Bitcoin lacks intrinsic value, increasing uncertainty for long-term investors.

Avanidhar Subrahmanyam, a finance professor at UCLA, expressed similar concerns. He suggested that adding Ether amplifies valuation risks because cryptocurrency remains an unproven asset class with unclear pricing frameworks.

Still, Harvard appears to maintain conviction in crypto exposure. The endowment holds a combined $352.6 million across Bitcoin and Ethereum ETFs. That scale indicates strategic allocation rather than speculative positioning.

Institutional Crypto Strategy Evolves Harvard’s decision reflects a broader trend among institutional investors. Rather than holding crypto directly, many institutions prefer regulated ETF structures. ETFs offer liquidity, custodial oversight, and compliance clarity under U.S. securities law.

By trimming Bitcoin while adding Ether, Harvard may seek to balance risk across the two largest digital assets. Bitcoin often acts as a macro hedge narrative asset, while Ethereum represents exposure to decentralized finance and blockchain infrastructure.

The portfolio shift underscores a nuanced approach: reduce concentration risk while maintaining substantial exposure to digital assets.

For now, Bitcoin remains the endowment’s dominant crypto position. However, the addition of Ether suggests Harvard sees long-term potential in the broader blockchain ecosystem beyond a single asset.

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In brief Harvard cut its IBIT stake by 1.46 million shares in Q4, now valued at about $265 million. It moved in with an $86.8 million position in BlackRock’s iShares Ethereum Trust ETF. The move could signal rotation into Ethereum, broader diversification, or compliance-driven positioning, Decrypt was told. Harvard Management Company has reduced its stake in the iShares Bitcoin Trust ETF by roughly a fifth in the fourth quarter and started a new position with a spot Ethereum ETF.

According to a filing with the Securities and Exchange Commission for the previous quarter, the endowment manager reported lower holdings of the BlackRock iShares Bitcoin Trust and disclosed a first-time position in the iShares Ethereum Trust ETF.

It held 5,353,612 shares of the iShares Bitcoin Trust as of December 31, down from 6,813,612 shares in Q3, and reported a market value of about $265.8 million for that position at year-end.

Notably, the same filing lists 3,873,044 new shares of the iShares Ethereum Trust, valued at roughly $86.8 million, bringing the combined spot crypto ETF exposure to just over $352 million at quarter-end.

Harvard first disclosed a $116 million position in BlackRock’s iShares Bitcoin Trust in August last year. By November, it had tripled those holdings to roughly $350 million in market value at the time.

Harvard’s latest adjustments to its crypto ETF holdings come amid choppy conditions from late 2025, when spot Bitcoin ETFs saw bouts of net outflows continuing through January and February this year.

Diversification and positioningIndustry observers are divided over whether the reallocation reflects relative value positioning, diversification, or institutional constraints shaping Harvard’s digital asset strategy.

Harvard is likely “making a relative value trade with the belief that ETH is undervalued relative to BTC,” Sean Bill, co-founder and chief investment officer at Bitcoin Standard Treasury Company, told Decrypt, adding that the endowment may have “a limit on the initial exposure that it can maintain in digital assets” and could have reduced its Bitcoin stake “to make room for a short-term trade in ETH.”

Still, he said the 13F is “a good tool to track the general sentiment of the filing entity,” noting that HMC "initiated a long position in BTC in Q2 2025, grew that position and held it through the downturn,” which in his view signals sustained long-term conviction in Bitcoin’s place in institutional portfolios.

“Harvard’s decision to trim its Bitcoin ETF exposure while initiating a position in an Ethereum ETF likely reflects a more differentiated view of opportunity across digital assets,” Jennifer Ouarrag, Head of Legal at institutional staking provider Twinstake, told Decrypt.

While Bitcoin remains “the primary institutional store-of-value proxy,” Ethereum “offers exposure to a broader smart-contract ecosystem.” Such a differentiation could signal that “a recalibration toward assets with multiple return drivers,” is in line, she added.

The move “mirrors recent institutional behavior, where allocators have rotated capital between Bitcoin and Ethereum ETFs and shown increased interest in staking-enabled products that offer both price exposure and network participation income,” she said.

“One functions as immutable money. The other is programmable infrastructure,” Nima Beni, founder of Bitlease, told Decrypt. “Both belong in institutional portfolios, but treating them as substitutes risks misunderstanding their structural differences.”

Harvard’s trade “likely reflects regulatory clarity and ETF accessibility, optimizing for near-term compliance comfort rather than long-term structural positioning,” Beni added.

‘The thesis works’Some have described the move as a “textbook allocator move,” with Iva Wisher, founder of Bitcoin-native execution environment Midl, arguing that it reflects a move away from “single-asset crypto exposure” rather than a loss of faith in Bitcoin.

Someone at Harvard’s committee “might've just said 'the thesis works, now let's build a real portfolio around it’,” he said. “When a $50 billion endowment starts treating digital assets as an asset class rather than a single bet, that's a maturity signal.”

The trim “doesn’t mean they prefer one over the other, they’re a long-term investor and it’s more of a nuanced view of risk and opportunity,” Abdul Rafay Gadit, co-founder of Zigchain, told Decrypt. “The more meaningful signal isn’t the precise ETF weighting in a single quarter, but whether institutions are incrementally expanding their comfort with on-chain infrastructure over time.”

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SHIB price faces key resistance at $0.0000067 as sellers maintain control. A breakout could open the path toward $0.0000099.

Newton Gitonga2 min read

16 February 2026, 04:34 PM

Shiba Inu shows a clear intraday decline followed by a modest recovery attempt. Price dropped from around $0.00000695 to near $0.00000645, showing strong selling pressure early. Buyers stepped in near the lows, forming a short-term base and pushing the price back toward $0.00000665. The rebound remains limited, suggesting cautious bullish momentum and ongoing consolidation below resistance. Currently, SHIB is trading near $0.000006502, down about 1.38% over the past 24 hours.

SHIB Faces Critical Resistance as Bulls Aim to Reclaim $0.0000067The weekly chart by Ali Martinez highlights Shiba Inu testing the $0.0000067 level, which has flipped into strong resistance. Price action shows SHIB trading below this zone after a prolonged downtrend, confirming sustained selling pressure. Each attempt to push higher has faced rejection, signaling that sellers still control the market structure. This level now acts as a key decision area where momentum could either stabilize or continue lower.

For bullish continuation, SHIB must reclaim $0.0000067 and hold it as solid support. A successful reclaim would suggest renewed buyer strength and improved market confidence. If that happens, price could gradually push toward the next major resistance near $0.0000099. This level represents a previous consolidation zone and would be a critical test for trend reversal strength.

SHIB Maintains Bearish Structure as Indicators Signal ConsolidationFrom the 1-day Shiba Inu price chart, the trend remains bearish with price forming lower highs and lower lows. SHIB has struggled to sustain rallies, showing weak buying follow-through after short recoveries. The recent bounce near the $0.0000065 area suggests minor stabilization, but the price is still trading below key resistance zones. This structure indicates that sellers remain in control unless a clear higher high is formed.

Looking at the indicators, the MACD is still below the zero line, reflecting ongoing bearish momentum. However, the histogram is slightly improving, hinting at weakening selling pressure. The RSI is hovering near the mid-40s, showing neutral momentum without clear overbought or oversold conditions. This combination suggests consolidation, with the market waiting for a stronger directional move.

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Harvard University, through its management company, has trimmed its stake in BlackRock’s iShares Bitcoin Trust Holdings (IBIT). This move has drawn conversations about a waning shift in corporate adoption, considering the firm pivoted into Ethereum ETFs.

Harvard dumps Bitcoin for EthereumAs reported by on-chain data platform Solid Intel, the firm reduced its stake in the Bitcoin ETF by 21%. As of Dec. 31, the firm’s 13F filing shows its IBIT position has dropped to 5.35 million shares, worth $265.8 million. 

This position is a reduction from the 6.81 million shares, valued at $442.8 million, which it reported in Q3, 2025.

The shift from Harvard Management Company is accompanied by a new position on Ethereum. Per the filing, the outfit has invested a total of $86.8 million in BlackRock’s iShares Ethereum Trust.

These Ethereum holdings come in at 3.87 million shares, a position acquired as the coin tracked a steady decline in the fourth quarter. With this reshuffling, Bitcoin remains the biggest crypto holding tied to the higher education institutions.

Harvard is one of the pioneering higher education institutions globally to go long on Bitcoin. While the latest shift sends a bearish signal, it is also major proof of fund diversification.

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Bitcoin adoption at inflection pointPer the current market outlook, Bitcoin is facing a crucial liquidity exodus, a trend that is now reflected in the price of the coin.

Over the past few weeks, multiyear dormant Bitcoin whales have sprang back to life with the aim of offloading the coin. This trend has also been seen among Bitcoin whales, including top financial institutions, who are now exiting their positions.

Amid the broader BTC outflow, the coin is now trading at $69,356.08, down marginally by 0.6% in the past 24 hours. However, with consistent acquisition by Michael Saylor’s Strategy Inc, hopes for a rebound remain high.

The Ethereum price is hovering near $2,050 while compressing inside a bearish pennant on the 3-day chart. After retreating from levels above $3,000 in previous months, ETH/USD is now consolidating within converging trendlines and the pattern suggests potential continuation to the downside, with a projected breakdown target near $1,136.

That’s the technical setup. But the underlying volume dynamics add another layer to the story.

Bearish Pennant Takes Shape On Ethereum Price ChartOn the higher timeframe, the Ethereum price chart shows a classic post-drop consolidation. A sharp initial move lower was followed by tightening price action between descending resistance and rising support.

Typically, a bearish pennant forms after a strong downward impulse and resolves in the direction of the prior trend. In this case, that would imply further weakness if support gives way. The cited breakdown target stands at $1,136.

$ETH/3-day

Bearish Pennant forming 🔴#Ethereum is consolidating inside converging trendlines after that initial drop. Pattern suggests continuation downward.

Breakdown target: $1,136

Watch this closely — if price breaks below support, we could see a sharp move down. pic.twitter.com/CCt4Kq3Agr

— Trader Tardigrade (@TATrader_Alan) February 16, 2026 Still, patterns are conditional. The structure remains intact only as long as price respects the converging boundaries. A confirmed break below support would validate the formation. Until then, it’s compression.

Volume Z-Score Turns NegativeMeanwhile, Binance data shows daily trading volume around 486,000 ETH, with Ethereum price still trading near around $2,050. The Volume Z-Score sits at approximately -0.39.

In simple terms, that’s below the 30-day moving average. When the Z-Score drops below zero, it indicates current activity is lighter than usual. Historically, that tends to reflect calmer liquidity conditions, to be precise, consolidation or repositioning rather than aggressive trend expansion.

Cooling Market, Unclear DirectionETH/USD isn’t flashing explosive momentum in either direction. Instead, it’s compressing. Liquidity is cooling. Participation is below average. And Ethereum price remains trapped within a narrowing range.
Whether this resolves into a sharp breakdown toward $1,136 or a broader consolidation phase depends on which side of the structure gives way first. For now, the Ethereum price analysis reflects more like compression, and has no clear confirmation.

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The crypto market continues to struggle with recovery as sustained capital outflows and persistent selling pressure weigh on sentiment. After months of volatility and declining liquidity, attempts to stabilize prices have repeatedly faced resistance, leaving investors cautious and positioning defensively. While corrective phases are common following strong rallies, recent price action reflects a more prolonged adjustment period, with both retail and institutional participants reassessing exposure amid uncertain macro and market conditions.

However, recent on-chain analysis from CryptoQuant highlights a potentially important shift in investor behavior within specific segments of the market. Data focused on Compound (COMP) activity on Binance shows a pronounced change in exchange flows. The weekly Netflow chart has turned sharply negative, indicating that significant amounts of COMP are being withdrawn from the exchange rather than deposited.

Such movements are often interpreted as a reduction in immediate selling intent, as assets transferred off exchanges typically move toward long-term storage, DeFi deployment, or strategic repositioning. While this development does not necessarily signal an imminent market reversal, it suggests evolving sentiment beneath the broader market weakness.

Record COMP Outflows Suggest Accumulation Trend The CryptoQuant report adds further context by highlighting the scale of recent capital movements involving Compound (COMP). Over the past week, the Netflow indicator dropped to roughly -$1.8 million, marking the largest negative weekly reading since October. This sharp decline signals a substantial withdrawal of COMP from Binance, indicating a notable shift in crypto investor positioning. Large exchange outflows often reflect reduced immediate selling intent, particularly when they occur during periods of broader market uncertainty.

Binance Altcoins Token Netflow USD Weekly Time Series | Source: CryptoQuant This development contrasts sharply with the situation observed in late October, when the Netflow chart recorded a strong positive spike driven by heavy inflows to Binance. Such crypto inflows typically precede elevated selling pressure as traders position assets on exchanges for potential liquidation. The current pattern, however, suggests the opposite dynamic. A significant outflow of approximately $1.8 million implies that holders may be opting for longer-term custody, whether through cold storage solutions or deployment within decentralized finance protocols.

From a structural standpoint, record exchange outflows can act as a supply-side constraint, reducing available liquidity for immediate sales. While not a definitive bullish signal on its own, this behavior often aligns with early accumulation phases. If sustained, it could support price stabilization or eventual recovery across segments of the broader crypto market.

Total Crypto Market Cap Faces Weakness After Failed Breakout The Total Crypto Market Cap chart shows a clear transition from bullish expansion to corrective consolidation, with recent price action reflecting sustained selling pressure. After peaking above the $4 trillion mark in late 2025, the market has retraced sharply and now trades near the $2.3 trillion region, indicating a significant contraction in aggregate valuation across digital assets.

Total Crypto Market Cap | Source: TOTAL chart on TradingView Technically, the structure suggests a failed breakout rather than a simple pullback. Price has decisively fallen below key moving averages, with shorter-term averages rolling over first, followed by broader trend indicators. This alignment typically reflects weakening momentum and reduced inflow of fresh capital. Volume behavior also supports this interpretation, as spikes during declines imply distribution rather than accumulation.

The current level near $2.3 trillion appears to function as an interim support zone, but it remains structurally vulnerable. Previous cycles show that once macro trend support breaks, markets often require prolonged consolidation before establishing a new base. The absence of sustained upward momentum suggests liquidity conditions remain constrained.

From a macro perspective, this environment points to a transitional phase rather than immediate recovery. Stabilization of capital inflows, improved sentiment, and confirmation of higher lows would be necessary before a durable bullish structure can realistically re-emerge.

Featured image from ChatGPT, chart from TradingView.com 

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community. To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology. Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance. Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

A growing discussion in the crypto market is challenging a common assumption that higher token prices make transactions more expensive. Some analysts and investors now argue that, for settlement-focused digital assets like XRP, a higher unit price could actually improve payment efficiency and reduce costs, particularly for large institutional transfers.

XRP Built for Settlement, Not Retail CompetitionExperts increasingly point out that XRP was designed primarily as a bridge asset for institutional settlement, rather than as a retail-focused smart-contract platform competing with traditional Layer-1 networks. Over more than a decade, Ripple has focused on building regulatory approvals, custody integrations, treasury connections, and institutional payment infrastructure aimed at cross-border settlement markets.

This institutional positioning means the asset’s usefulness is often tied less to retail trading activity and more to how efficiently it can route liquidity between financial systems, payment rails, and regulated counterparties.

The Liquidity Math Behind Higher PricesThe core argument gaining attention centers on simple liquidity mechanics. When the value of a token is very low, a larger number of units must move through order books to complete a payment, consuming more liquidity and potentially increasing slippage. When the unit price is higher, fewer tokens are required to settle the same value, reducing pressure on order-book depth and improving capital efficiency.

For example:

If XRP trades at $1, sending $1,000 requires 1,000 XRP, using more liquidity.
If XRP trades at $1,000, sending $1,000 requires only 1 XRP, significantly reducing the number of tokens that must move through the market.
Because XRP is divisible into 1,000,000 drops, it can support very high valuations while still allowing extremely precise payment amounts. This divisibility enables efficient settlement even if the token price rises substantially.

Institutional Liquidity and Treasury IntegrationAnother factor driving this debate is Ripple’s expanding institutional integration strategy. Over recent years, the company has pursued regulatory licenses across multiple jurisdictions, treasury-management integrations, prime brokerage connectivity, and stablecoin infrastructure designed to operate within regulated financial systems. These developments aim to position XRP as operational liquidity used inside institutional balance sheets rather than purely speculative holdings.

Treasury and banking integrations, in particular, are seen by some analysts as a structural advantage because they connect blockchain settlement directly to existing global financial workflows. If institutions begin holding XRP as routing liquidity for cross-border settlements, the token’s price could increasingly reflect operational demand rather than retail speculation.

Complementary Infrastructure Rather Than Direct CompetitionThere is also an argument that emerging payment networks and settlement chains do not necessarily compete directly with XRP but may instead complement it. High-throughput execution networks can process transactions at scale, while XRP can function as the neutral settlement asset bridging liquidity between systems. In this framework, settlement efficiency improves as routing volumes grow, and token valuation becomes a functional component of the system’s efficiency.

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16h05 ▪ 5 min read ▪ by James G.

Summarize this article with:

Traders are placing sizable bets on Bitcoin’s path through 2026 across leading prediction platforms. Activity on Polymarket, Kalshi, and Myriad suggests a market that expects gradual progress rather than a rapid breakout. More than $84 million in combined volume across seven contracts reflects cautious optimism, balanced by consistent hedging against downside risk. While confidence appears to build later in the year, near-term expectations remain restrained.

In brief Polymarket prices a 45% chance of $75K Bitcoin in February 2026. Markets assign roughly 40% odds to $100K Bitcoin during 2026. Downside hedging appears strong, including positioning near $15K. Myriad contract slightly favors $55K before $84K in thin trading. Traders Hedge Hard as Bitcoin’s 2026 Price Outlook Remains Cautious One of the most active contracts on Polymarket asks what price Bitcoin will reach in February 2026. The market resolves “Yes” if any one-minute Binance BTC/USDT candle high touches a listed level during the month. With nearly $61 million in volume, it ranks among the most liquid crypto-related prediction markets currently trading.

Pricing indicates a roughly 45% chance of reaching $75,000. That probability falls to about 17% at $80,000. Beyond that level, expectations fade quickly: $85,000 carries around a 6% likelihood, while $90,000 drops near 2%. Six-figure targets for February are priced at roughly 1% or less, signaling limited belief in a sharp near-term surge.

Trading activity clusters around key psychological levels. Positioning is concentrated near $85,000 on the upside, while $55,000 and $50,000 attract meaningful interest on the downside. Rather than committing to one direction, traders appear to be preparing for both breakout and pullback scenarios.

Several factors help explain how participants are pricing these contracts:

Volatility remains elevated, encouraging short-term hedging. Macro uncertainty continues to influence risk appetite. Liquidity concentrates around round-number price levels. Traders structure positions to protect against sharp downside moves. A broader Polymarket contract tracks whether Bitcoin will reach specific price levels before Jan. 1, 2027. Markets currently assign roughly a 40% probability to Bitcoin reaching $100,000 in 2026. Likelihood declines progressively above $110,000, and distant targets such as $250,000 hover near 5%, reflecting limited conviction in extreme upside scenarios.

Kalshi Data Shows Gradual Build in Bitcoin Six-Figure Expectations Interestingly, notable volume also appears at very low levels, including around $15,000. This positioning likely represents tail-risk hedging rather than outright bearish conviction. Participants appear willing to pay for protection against severe downside events while maintaining upside exposure.

Another timeline-based contract evaluates whether Bitcoin will set a new all-time high by various 2026 deadlines. Near-term odds remain modest—about 2% by March and roughly 7% by June. By Dec. 31, the implied probability rises to around 23%. The gradual increase suggests expectations for a slow recovery rather than a swift rally.

Kalshi offers annual threshold contracts using the CF Bitcoin Real-Time Index as a reference. Traders assign close to a 39% chance that Bitcoin trades above $99,999.99 during 2026. Probabilities step down at $110,000 and $120,000, reinforcing the view that six-figure prices are possible but not widely considered imminent.

A separate Kalshi contract tracking when Bitcoin might reclaim $100,000 outlines a time-based progression. Markets price roughly a 17% chance before May, 24% before June, and 29% before July. Confidence builds as the calendar advances, though without sharp acceleration.

Seven Contracts Point to Measured Recovery Path On Myriad, a path-dependent contract asks which level Bitcoin will hit first: $84,000 or $55,000. Current pricing slightly favors $55,000 at roughly 54%, compared with about 46% for $84,000. However, with only around $13,000 in volume, the contract remains thin and could reprice quickly if larger participants enter.

Several structural features of prediction markets help explain these patterns:

Prices reflect collective positioning, not guaranteed outcomes. Thin liquidity can amplify moves in smaller contracts. Multi-outcome markets distribute capital across multiple strike levels. Traders often hedge across platforms rather than rely on a single contract. Across all seven contracts, restraint defines the broader picture. Markets are not pricing an imminent breakout to new highs, yet they are also not dismissing upside potential. Moderate appreciation remains plausible, paired with clear recognition of downside risk.

Prediction platforms offer sentiment snapshots at specific moments in time. With millions of dollars committed across Polymarket, Kalshi, and Myriad, current pricing provides a detailed look at how traders are mapping Bitcoin’s risk-reward profile for 2026: measured, hedged, and gradually constructive rather than euphoric.

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James G.

James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

The CEO and co-founder of Blockstream, Adam Back, is skeptical about Bitcoin Improvement Proposal (BIP) 110. According to him, introducing a consensus-level spam limit risks compromising Bitcoin’s image and stability.

The executive made this statement after observing that approximately 7.5% of network nodes, which are primarily Bitcoin Knots users, have expressed support for the proposal.  This situation underscores a widening disagreement over how to handle transaction data spam.

Back expressed concerns regarding the BIP-110 proposal Following Back’s remarks, reports highlighted that the BIP 110, initiated by Dathon Ohm, was introduced in December of last year. Ohm suggested a 12-month temporary reduction in transaction data limits. The initiative aims to prevent images and media files from overloading the blockchain.

Responding to the developer’s proposal, Back advocated Bitcoin’s role as sound, hard money, but opposed interventions in its consensus mechanisms. In his view, spam is merely a nuisance that poses no significant risk to network security.

Moreover, Blockstream’s CEO shared an X post dated Sunday, February 15, noting that such a substantial modification lacks justification. Afterwards, he outlined his belief that BIP-110 would undermine BTC’s reputation as a reliable store of value and secure monetary system. To further elaborate this point, Back labeled the proposal an “attack,” equating the attempt to force changes without consensus to a “lynch mob” effort.

On the other hand, sources alleged that support for the proposal is growing among Bitcoin Knots validators despite Back’s warnings. Bitcoin Knots began securing substantial market share in late 2024. In early 2025, its adoption gains rapid momentum.

In late October 2025, Bitcoin Core v30 changed its default policy to lift the 80-byte OP_RETURN restriction, a move designed to reduce UTXO bloat by encouraging the use of non-spendable data outputs.

Since functionality of the OP_RETURN became a subject of intense debate, Bitcoin Core’s share of Bitcoin nodes drastically declined to 77.2% reflecting a drop of about 20.8% while the shares of Bitcoin Knots’ surged to 22.7%. Regarding this news, reports mentioned that the heated debate fueled discussions in the Bitcoin community over which types of transactions should be allowed. 

Uncertainties surround the BIP-110 proposal’s approval  Regarding Bitcoin Improvement Proposal 110, reports dated January 25 stated that this initiative is led by the Bitcoin Knots team. Scheduled for a one-year duration, the initiative will be adapted based on community feedback.

The proposal only managed to secure support from 3% nodes in the Bitcoin blockchain. However, for approval, the soft fork requires support from at least 55% of validators. Still, none of the top 20 mining pools demonstrated interest in the proposal.

This situation prompted reporters to reach out to the authors of BIP-110 for comment on the proposal. Responding to this request, Bitcoin Core developer Luke Dashjr argued that adding unnecessary data would burden node operators and divert resources from Bitcoin’s core mission of enhancing the financial system.

Critics, on the other hand, claimed that spam-induced hardware requirements are undermining the network’s status as a truly decentralized, censorship-resistant currency.

Bitcoin supporter and researcher Matthew Kratter compared the issue to ivy overtaking a tree, saying that just as the plant slowly consumes and damages its host before eventually dying itself, excessive spam could gradually weaken and harm Bitcoin.

After several years of volatility, two long-standing blockchain networks, Hedera (HBAR) and Cardano (ADA), are once again being evaluated as the crypto market looks toward the next growth cycle. Both projects remain more than 80% below their all-time highs, reflecting the broad decline across altcoins since the 2021 peak, yet each is pursuing a different strategy for long-term adoption.

Different Architectures, Different Institutional NarrativesHedera operates on a hashgraph-based distributed ledger, rather than a traditional blockchain. The network promotes faster transaction speeds, predictable fees, and enterprise-focused infrastructure, features designed for organizations that require cost stability and operational reliability. Its governing council includes major global technology and industrial firms, reinforcing the project’s enterprise-centric positioning.

This structure has helped Hedera develop a reputation as a network aligned with real-world asset tokenization and corporate integrations, themes expected to expand as financial institutions explore blockchain settlement and digital asset infrastructure. If tokenized assets grow into a major financial trend, Hedera’s enterprise partnerships could translate into stronger institutional usage.

Cardano, by contrast, has built its identity around research-driven development and community-led ecosystem growth. The network has often faced criticism for slow upgrades, yet its methodical approach has created a loyal developer and user base. Recent data showing large holders accumulating significant amounts of ADA has fueled speculation that long-term participants may be positioning ahead of future network developments.

Cardano has also seen broader institutional exposure through the launch of regulated derivatives products and increased representation in digital-asset investment funds, developments that could expand access for professional market participants.

Market Potential and Growth ScenariosFrom a valuation perspective, Hedera’s smaller market capitalization gives it a theoretical advantage in percentage upside if capital flows return to mid-cap altcoins. A return to its previous cycle high would represent several-fold gains, though such outcomes depend heavily on broader market conditions and measurable network usage growth.

Cardano, already larger by market value, would require significantly more capital inflows to revisit previous peak levels. However, its global community, brand recognition, and expanding ecosystem continue to provide structural support, particularly during cycles when retail participation rises.

The contrast between the two projects reflects a broader divide in crypto markets:

Hedera is positioning itself around institutional adoption, enterprise partnerships, and tokenized financial infrastructure.
Cardano continues to rely on ecosystem expansion, developer adoption, and a strong global community.
Both strategies have historically driven different types of market performance. Enterprise-focused adoption tends to develop gradually but can support long-term stability, while community-driven ecosystems often experience faster sentiment-driven price cycles.

Outlook for 2026Neither network has a guaranteed path to dominance, and both remain sensitive to overall market liquidity, regulatory developments, and Bitcoin’s broader trend. The next cycle may reward projects that show real usage growth rather than purely speculative interest, placing both Hedera’s enterprise integrations and Cardano’s ecosystem expansion under close observation.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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On Monday, bitcoin is coasting along at $68,494 per unit as short sellers pile in at levels not seen since August 2024, setting up a high-stakes standoff in the derivatives market. Bitcoin Funding Rates Plunge — Echoes of 2024 Rally Setup Bitcoin is trading just above $68,000 on Feb.

The scoop: The Netherlands has just moved to tax Bitcoin like a stock, marked to market. Lawmakers in the Dutch House backed a Box 3 overhaul that would tax “actual returns,”  including annual price changes in liquid assets like BTC, at a flat 36%, even if you never sell. The plan targets Jan. 1, 2028 (pending Senate approval), turning Bitcoin’s volatility into a yearly cash-flow problem.

The Dutch House of Representatives has approved a major overhaul of the Netherlands' Box 3 regime that would tax “actual returns” on savings and investments, including the annual change in value of liquid assets such as Bitcoin, at a flat 36% rate.

With a targeted start date of Jan. 1, 2028, pending Senate approval, the proposal signals a fundamental shift in how European governments may treat digital assets: moving from taxing the act of selling to taxing the act of holding.

While it is easy to summarize this legislative move as a “36% unrealized gains tax,” a more revealing framing is that the Netherlands is seeking to shift from a court-contested deemed-return system to one that treats many financial assets as if they were marked-to-market each year.

That shift does not just change what is taxed. It changes when Bitcoin holders feel the tax system, because BTC’s notorious volatility effectively becomes a cash-flow problem for local investors.

How Box 3 works today, and why it already creates a carry costBox 3 is the Netherlands’ bucket for taxing returns on assets, covering savings, investments, second homes, and more.

Currently, much of Box 3 is calculated using assumed returns and a flat tax rate. This system means that even a flat or down year can still come with a bill.

The Dutch tax authority’s 2026 guidance indicates a 36% Box 3 tax rate and an assumed return of 6.00% for “investments and other assets,” a category that includes items such as shares and bonds (and, in practice, many non-cash holdings).

That alone can create a meaningful carry cost. A simple illustration clarifies the burden: if €100,000 of Bitcoin sits in the “investments and other assets” bucket at the margin, an assumed 6.00% return implies €6,000 of taxable return.

At 36%, the bill is €2,160, or about 2.16% of the position per year before thresholds and offsets.

The 2028 proposal flips this logic entirely. Instead of “we’ll assume you earned X,” the taxable return is meant to reflect what an investor actually earned.

But for most liquid financial assets, the architecture is “capital growth” taxation (capturing income and the annual change in value) rather than waiting until a sale.

For Bitcoin, that effectively means paying tax on unrealized gains even if you never sold a Satoshi.

The plan includes mitigations designed to blunt the sharpest edges. Reporting around the reform highlights a €1,800 tax-free annual return threshold and an indefinite loss carryforward, though only losses above €500 are eligible.

Those features help, but they do not eliminate the core behavioral shift: large holders would still need liquidity even in strong Bitcoin years.

Why Bitcoin holders will feel it differentlyUnder a mark-to-market-like approach, Bitcoin’s most celebrated feature (big, discontinuous upside) is exactly what creates friction.

If Bitcoin rises 60% in a year, the taxable “return” on a €100,000 starting position is €60,000. At 36%, the tax is €21,600.

That is not “36% of your stack,” but it can still translate into selling a noticeable slice of holdings (or borrowing against them) to pay the bill.

The impact of this policy is magnified by the fact that Dutch investors are already deeply integrated into the crypto market, meaning this is not a niche tax on a few hobbyists.

The Netherlands has measurable exposure to crypto via regulated products. The Dutch central bank reported that at the end of October 2025, households held €182 million in crypto ETFs and €213 million in crypto ETNs.

Furthermore, pension funds held €287 million in “crypto treasury shares,” with total indirect crypto securities holdings exceeding €1 billion.

This substantial footprint suggests that a shift to annual taxation could force a migration in how these assets are held.

If compliance becomes annual and valuation-based, broker-held ETP exposure can be easier to administer than self-custody.

This aligns with a global trend noted in Fineqia’s January 2026 report, which put global digital-asset ETP assets under management at $155.8 billion at the end of the month.

These vehicles have shown they can remain “sticky” even as the broader crypto market cap falls, but the new tax regime could test that resilience.

Netherlands' move risks spreading a Bitcoin contagionThe potential for contagion has drawn sharp criticism from industry heavyweights.

Rickey Gevers, a cybersecurity expert, warned that these mechanics are genuinely high-risk to market stability.

According to him:

“The tax on unrealized gains can cause a bank run if investors panic. If everyone starts selling on one specific date to secure cash to pay the tax, the price will crash like crazy. That crash itself can then trigger even more panic, causing even more investors to sell. Everyone sees the value of their portfolio dropping, while at the same time knowing that the amount of tax they have to pay will not go down.”

At the same time, Balaji Srinivasan, Coinbase’s former CTO, argued that the impact of these taxations is not limited to local markets. He presented the idea as a contagion risk, where forced liquidation pressure spills into price formation.

He wrote:

“It’s not just that you don’t want to hold assets as a Dutchman. You also don’t want a Dutchman to hold your assets.”

Srinivasan outlined a hypothetical liquidity spiral to illustrate the risk.

He described a scenario in which an asset has a total market cap of $10,000, with 10 shares held by 10 different Dutch holders, each paying near zero. If the share price hits $1,000 on tax day, each holder faces a 36% tax liability of $360.

The crypto entrepreneur explained:

“The first guy sells his one share, gets $1,000, and pays $360 in tax while retaining $640. But the first guy’s sale reduces the market price to $960 per share. So when the second guy sells, he only retains $600 after paying $360 in tax.”

By the time the seventh holder sells, the price could collapse to $200 per share, a reasonable scenario if 60% of the cap table is dumped.

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At that price, the seventh holder must sell their entire position for $200 and still owe $160 in taxes.

He added:

“The 8th, 9th, and 10th guys are even more screwed. By the time they sell, the price will likely have crashed to $100 per share or less. As with the 7th guy, even 100% liquidation will not cover their tax burden.”

Srinivasan, who expressed sympathy for what he termed the “formerly Flying Dutchmen, now Crying Dutchmen,” suggested this dynamic could force investors to block residents of wealth-taxing jurisdictions from cap tables to avoid liquidation contagion.

The exit tax and European contagionAn annualized approach to taxing price moves increases the value of another policy tool, exit taxes.

If taxpayers can reduce future liability by moving before the start of a taxable period, governments often respond by tightening the rules on departure.

In the Netherlands, the exit-tax conversation is no longer abstract. A Dutch government letter following parliamentary debate on taxation of the extremely wealthy explicitly references motions calling for an EU-level exit tax and for developing national exit-tax options.

Separately, the Dutch tax authority notes it may issue a “protective assessment” in certain emigration situations, illustrating that protecting the claim when someone leaves is already a familiar concept in the system.

This is part of a wider European trend. Germany expanded elements of exit taxation to certain investment fund holdings from Jan. 1, 2025, potentially taxing previously unrealized “hidden reserves” when individuals relocate.

France already has an exit tax that applies to qualifying unrealized gains when leaving the country.

Alex Recouso, the founder of CitizenX, argues that this pattern is predictable by noting that:

“It always starts with an unrealized gains tax. Then, an exit tax. Finally, it's global taxation.”

Recouso pointed to France’s proposal in the 2026 National Budget to adopt citizenship-based taxation, under which citizens would pay tax on global income if they move to a region with a tax rate 40% lower than France's.

He also highlighted the UK’s challenges, noting that after a capital gains tax increase, the country lost more than 15,000 high-net-worth individuals in 2025, resulting in a 10% decline in net capital gains tax revenue.

From taxation to confiscation?The Netherlands’ move lands as EU enforcement capacity is rising.

DAC8 (the EU’s latest update to administrative cooperation) expands automatic exchange of information to crypto-asset transactions, with rules entering into force on Jan. 1, 2026.

This infrastructure makes annualized crypto taxation feasible by ensuring reliable data flows from service providers.

However, critics view these developments as an existential threat to property rights.

Recouso framed the situation as a transition “from taxation to confiscation,” warning that EU countries are raising taxes and blocking exits because they are effectively bankrupt.

“Eventually, they will try to seize your assets,” Recouso said, comparing the situation to the US seizure of gold under Executive Order 6102.

He added:

“The right to exit is a fundamental human right. Just look at the history: all the worst states have revoked the human right to exit.”

In light of this, Recouso advised holding Bitcoin in self-custody and obtaining second passports from friendly jurisdictions like El Salvador, echoing Ray Dalio’s sentiment that “location is as important as your allocation.”

So, if the Netherlands’ 2028 plan becomes law, it will be one of the clearest examples in Europe of Bitcoin moving from a “sell-event tax story” to a “hold-event tax story.”

Posted in

Helium trades at $1.52 as of writing, up 31% in the last 24 hours and over 90% over the past seven days. The surge places HNT among today’s top crypto gainers while most major coins post losses and trade in the red. With a market cap near $282 million and a ranking around 110, the low-cap token has suddenly captured attention.

Source: CoinCodex

The broader market context makes the rally stand out even more. While large-cap assets struggle with short-term pressure, HNT pushes higher with strong volume and rising engagement. 

Its all-time high remains far away at $55.17, recorded in November 2021, leaving the token still down about 97% from peak levels. Yet traders now ask a simple question: what drives this breakout?

DePIN Narrative Regains SpotlightRecent coverage has placed Helium among high-potential low-cap cryptos for 2026. An analysis published on February 12 highlighted Helium’s role in building decentralized wireless networks for IoT devices. Individuals operate hotspots and earn HNT for providing connectivity. This model addresses infrastructure gaps and reduces reliance on traditional telecom providers.

The renewed focus on real-world utility has drawn capital back into projects tied to decentralized physical infrastructure networks, or DePIN. Social engagement metrics support that trend. Helium’s social interactions have climbed over 85%, signaling growing retail and community interest.

Source: X

Messari’s “State of DePIN 2025” report also added fuel. The research firm valued the DePIN sector at $10 billion and recorded $72 million in onchain revenue. It singled out Helium as a prime example, noting that its on-chain revenue surged 800% year over year even as token prices fell sharply during the same period. 

That divergence highlights strengthening network fundamentals despite prior price weakness.

Supply Structure And Network GrowthHelium currently has 186.32 million HNT in circulation out of a maximum supply of 223 million. Roughly 83.5% of the total supply already circulates in the market. A high circulating ratio often reduces uncertainty around future token emissions.

Meanwhile, data points to growth in active hotspots and increased data transfer across the network. Market participants frequently cite this expansion as evidence of real-world adoption. Increased infrastructure usage can reinforce the long-term investment thesis.

However, not all recent developments lean bullish. Kyle Samani, co-founder of Multicoin Capital, stepped down from his operational role earlier this month. Multicoin backed Helium during its early stages. Although Samani stated he will continue investing personally in crypto, leadership changes at major backers can introduce strategic uncertainty.

Can The Rally Sustain?Price forecasting models present a more cautious long-term outlook. CoinCodex projects Helium could trade around $1.06 by the end of 2026, which would mark a 29% decline from current levels. The same model estimates a potential drop to $0.5105 by 2030, implying a 65% decrease from today’s price.

Those projections contrast sharply with the current momentum. Diluted market cap figures hover around $332 million, while the live market cap stands near $277 million. Traders now watch whether volume and engagement remain elevated in the coming sessions.

Short-term rallies often test conviction. Will DePIN enthusiasm translate into sustained capital inflows, or will broader market weakness cap gains? The next few trading days may offer clarity. For now, Helium defies the red market narrative and commands attention as one of today’s standout performers.

Upbit has overtaken Binance and Coinbase in spot trading volume following a sharp spike in XRP activity driven by South Korean traders, according to data shared by market observers on X. The update, posted by Xaif_Crypto, highlights a sudden shift in exchange rankings amid renewed demand for XRP.

Upbit just flipped the script on XRP volume. now leads spot volume with $529.06M

If Asia is bidding this hard while supply stays tight, the momentum shift is real.

Are we back? 👀 https://t.co/nMGAeTA0YR pic.twitter.com/u7Dla3eGkg

— Xaif Crypto🇮🇳|🇺🇸 (@Xaif_Crypto) February 15, 2026

The surge in XRP spot volume on South Korean markets appears to have propelled Upbit ahead of its global competitors in daily trading metrics. The move underscores the influence of regional retail flows, particularly from South Korea, on broader crypto market structure. While Binance and Coinbase remain dominant global venues, the data suggests that concentrated buying pressure around XRP temporarily reshaped the competitive landscape. Traders exposed to XRP pairs on Upbit were directly affected by the spike in liquidity and turnover.

For now, it remains unclear whether the volume shift reflects sustained demand or a short-term burst of speculative interest. Market participants will be watching whether XRP activity in South Korea stabilizes or continues to outpace global averages in the coming sessions, potentially influencing exchange rankings again.

Source: Xaif_Crypto on X.

Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.

This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A noticeable Shiba Inu (SHIB) transfer has appeared on-chain, as visualized by Arkham, showing 46,024,240,350 SHIB being moved internally across Kraken-controlled wallets. Valued at around $301,900 at the time of execution, the transaction suggests a liquidity shift as the exchange adjusts its holdings between cold storage and its active hot wallet.

Kraken adjusts between hot and cold: SHIB price structure detailedBlockchain data by Arkham confirms that the transfer was executed on the Ethereum network. Despite the high volume, the network's efficiency allowed for a transaction fee of just 2.03 Gwei, equivalent to $0.14.

The sender address is verified as a Kraken Cold Wallet (0xd20), and the recipient address is a Kraken Hot Wallet (0x2CC). Together, these addresses suggest a routine operational move rather than a large-scale customer withdrawal or external market sell-off. Exchanges typically store most assets in offline cold storage for security and only relocate them to hot wallets when there is increased trading demand, market-making needs or upcoming withdrawals.

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Source: ArkhamThe timing of this liquidity shift coincides with a modest recovery in SHIB's price amid Bitcoin marching toward $70,000. On Binance’s daily chart, Shiba Inu is currently approaching $0.00000669, marking a 2.29% increase for the day. SHIB enthusiasts are watching closely to see if the meme coin can reclaim the $0.0000068 level after a recent drawdown pushed prices toward the $0.0000052 zone.

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Although 46 billion SHIB is a small fraction of the 580 trillion circulating supply, exchange-level liquidity adjustments are often a leading indicator of short-term volatility. By positioning these tokens in a hot wallet, Kraken ensures deeper order book depth.

If this liquidity translates into higher spot volume, SHIB may gain the momentum needed to reach higher resistance levels at $0.00000900 and $0.00001102. For now, this move appears to be a vote of confidence in SHIB's current trading stability. It signals that the exchange is actively managing liquidity during a long holiday weekend in the U.S. and compressed price action.