Market Signal Briefing

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Quick Facts:

➡️ Cango’s $305M Bitcoin sell-off tested market liquidity, but strong absorption indicates the broader bull trend remains intact. ➡️ Capital is rotating from large-cap consolidation into high-beta assets, favoring projects with strong community narratives. ➡️ Maxi Doge utilizes a unique ‘Leverage King’ culture and trading competitions to capture the aggressive sentiment of retail traders. Bitcoin just took a $305M hit.

The market faced a serious stress test this week following confirmed reports that Cango offloaded approximately $305M worth of Bitcoin ($BTC). This massive liquidity event, executed over a series of high-volume transactions, momentarily shook confidence in the asset’s short-term price floor.

Usually, when a corporate entity or large holder liquidates a position of that size, it signals profit-taking at local tops, or a desperate need for cash, forcing the spot market to swallow hard.

But the reaction highlights a maturing ecosystem. While the sell-off triggered a flinch, support levels held surprisingly firm, suggesting that institutional demand is quietly absorbing the supply shock. That matters. It indicates the current bull market structure remains intact despite heavy distribution from legacy holders. Analysts are calling it a ‘capital rotation’: as Bitcoin stabilizes post-Cango, risk appetite isn’t vanishing, it’s just sliding down the risk curve.

Smart money appears to be pivoting away from the saturated large-cap trade toward high-beta assets that offer asymmetric upside. In this environment, liquidity flows where the narrative is loud. That rotation is showing up clearly in Maxi Doge ($MAXI), a new project blending meme culture with high-leverage trading utility. It’s cooking, even as the broader market digests that $305M Bitcoin overhang.

Retail Traders Pivot to High-Leverage Narratives The divergence between Bitcoin’s choppy consolidation and the explosive interest in newer assets suggests a shift in trader psychology. Retail participants, priced out of life-changing multiples on $BTC, are hunting protocols that align with the aggressive ‘grindset’ of the current cycle. Maxi Doge has emerged as a focal point here. Unlike standard meme tokens that rely solely on passive ‘HODLing,’ Maxi Doge markets itself as a canine juggernaut embodying the 1000x leverage mentality.

The project’s architecture targets a specific niche: the lack of community-driven events for high-frequency traders. Through its ‘Leverage King Culture,’ the project plans to introduce Holder-Only Trading Competitions where participants vie for leaderboard rewards. It effectively turns the stress of market volatility into a community sport.

Plus, the Maxi Fund treasury aims to ensure that a portion of the ecosystem’s value flows back into liquidity provision and strategic partnerships, creating a fundamental floor for the token’s economy. This blend of viral gym-bro humor, ‘never skip leg-day, never skip a pump,’ and tangible utility through trading contests positions it to potentially outperform legacy meme coins like the original Dogecoin.

For traders tired of sideways price action, the Maxi Doge ecosystem offers high-octane engagement.

CHECK OUT THE $MAXI ACTION

Whale Accumulation Signals Confidence in Maxi Doge Protocol While headlines obsess over Cango selling Bitcoin, on-chain data reveals a quieter, yet aggressive accumulation trend happening within the Maxi Doge presale. Smart money is moving. Etherscan data reveals high-net-worth wallets scooping up six-figure purchases, the largest at $314K. An entry of that magnitude during a presale phase is statistically significant; it suggests sophisticated actors are positioning themselves before the token hits public exchanges.

The financial metrics back up this bullish thesis. $MAXI has raised over $4.5M with tokens currently priced at $0.0002803. That level of capital commitment indicates the market sees value in the project’s dual approach of meme-first marketing and serious DeFi mechanics.

Beyond the buy pressure, the protocol incentivizes long-term holding through dynamic staking APY (currently at 68%). A 5% allocation of the total supply is aimed to be dedicated to a staking pool that distributes rewards daily for up to one year, encouraging investors to lock supply and reduce circulating volatility.

With the smart contract governing supply on the Ethereum Proof-of-Stake network, the technical foundation is robust. As Cango’s Bitcoin sales fade into the rearview, the smart money seems to have already found its next target.

BUY YOUR $MAXI HERE

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile, and projects in presale carry inherent risks. Always conduct your own due diligence before making investment decisions.

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XRP is at the center of bold long-term speculation after a prominent market analyst outlined a structural case for a potential move toward $10, arguing that the target is grounded in recurring price behavior rather than simple optimism.

According to the analysis, XRP’s historical price action has unfolded through three major macro formations, each of which respected its projected measured move with near-perfect accuracy.

These structures, identified as distinct compression and expansion phases, followed similar timing and breakout mechanics, suggesting a repeating cycle rather than isolated events. The market is now forming a fourth structure with characteristics similar to those of the previous three, including duration symmetry, compressed volatility, and a familiar breakout framework.

While the analyst emphasized that such setups never guarantee an outcome, the consistency of past cycles could justify a long-term path toward the $10 region.

The broader implication is that XRP may still be in the early stages of a macro expansion phase that only becomes obvious in hindsight, as was the case during previous cycles.

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Nevertheless, near-term market conditions are far more restrained. XRP is trading around $1.43, up 0.60% over the past 24 hours, following a 12.76% weekly decline. The modest rebound slightly outpaced the crypto market and coincides with renewed institutional interest.

Spot XRP ETFs have flipped back to net inflows, with approximately $56.8 million entering after a brief pause. ETF assets now total about $1.37 billion, representing roughly 1.17% of XRP’s market capitalization, and cumulative inflows exceed $1.23 billion.

However, these flows don’t eliminate two-sided risks. ETF-held XRP could become a meaningful source of selling pressure if key supports near $1.90 and $1.78 fail.

Meanwhile, market consensus is divided between long-term technical optimism and persistent bearish sentiment, which some view as a contrarian signal. A sustained hold above the $1.5 level is now seen as critical to validating the bullish thesis and keeping ambitious projections in play.

TL;DR

MegaETH launched its mainnet with more than 50 active applications and a real-time architecture designed to reach up to 50,000 TPS. The network uses a SALT architecture that keeps critical data in memory and separates execution from settlement on Ethereum. The MEGA token will be issued after meeting measurable KPIs. MegaETH launched its mainnet with more than 50 applications live from day one, according to the network’s public interface. The project introduced the network as a real-time blockchain, with a technical target of up to 50,000 transactions per second and 10-millisecond block times.

The system design centers on latency as an operational variable. To achieve that goal, MegaETH developed a proprietary architecture called SALT, short for Small Authentication Large Trie. The system keeps critical data in memory and avoids delays associated with traditional storage access. The network uses Ethereum for settlement and security, while separating the execution layer to push performance beyond the limits of conventional architectures.

MegaETH was founded in 2022. In June 2024, the project raised $20 million in a seed round led by Dragonfly Capital, with participation from Vitalik Buterin and Joseph Lubin. Before the mainnet launch, the network operated a testnet and, in January, executed a global stress test designed to process 11 billion transactions over seven consecutive days, with the goal of validating performance under sustained load.

The mainnet launch follows a public token sale held in October 2025. That round raised $1.39 billion in commitments and recorded an oversubscription of 27.8x. Unlike other projects, MegaETH decoupled the network launch from the generation event of its native MEGA token.

MegaETH Will Wait for Specific Conditions to Launch the MEGA Token The MEGA token will be issued seven days after at least one of three performance indicators defined by the team is met. The KPIs include reaching an average circulating supply of $500 million in the USDM stablecoin over a 30-day period, having 10 MegaMafia applications active on mainnet, or recording three applications that generate more than $50,000 in daily fees for 30 consecutive days.

The token’s economic structure is based on two main mechanisms. The first is Proximity Markets, where users lock MEGA to access colocated sequencers and reduce latency. The second is a buyback program that uses the entirety of the yield generated by the USDM stablecoin to purchase MEGA and remove it from circulation.

The application ecosystem includes teams formed within the internal MegaMafia accelerator. According to the project, those teams have raised more than $70 million in venture capital from firms such as Franklin Templeton, Robot Ventures, Maven11, and Figment Capital

The BMNR stock price hovered at the crucial support level of $20 as BitMine continued to accumulate Ethereum, and its fundamentals improved.

Summary

BitMine’s stock price has formed a falling wedge pattern, pointing to a rebound. Data shows that Ethereum’s transactions and network fees have soared recently. The supply of ETH tokens in exchanges has continued falling this month. BitMine stock has retreated by over 85%from its highest level in July last year. It is also slowly forming the highly bullish falling wedge pattern, pointing to a strong rebound.

In a statement, Tom Lee’s BitMine said that it continued to buy Ethereum (ETH) tokens last week, bringing its total holdings to over 4.326 million. It also holds 193 Bitcoin (BTC) and nearly $600 million in cash. Its other assets include $200 million in Beast Industries and $19 million in Eightco Holdings, a company that has invested in Worldcoin.

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1/
BitMine provided its latest holdings update for February 9th, 2026:

$10.7 billion in total crypto + "moonshots":
– 4,325,738 ETH at $2,125 (@coinbase)
– 193 Bitcoin (BTC)
– $200 million stake in Beast Industries @MrBeast
– $19 million stake in Eightco Holdings (NASDAQ:… pic.twitter.com/MR6hWu8lio

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) February 9, 2026 BitMine stock may ultimately benefit from Ethereum’s fundamentals, which have continued improving in the past few months, with third-party data showing relentless growth. Ethereum transactions, fees, and active addresses have continued to soar over the past few months, a trend that has accelerated after the Fusaka upgrade.

More data show that the amount of staked Ethereum continues to rise. The staking queue has jumped to over 4 million coins, with entry rising to over 70 days. Rising staking inflow is a sign that demand continues rising.

At the same time, data show that the supply of ETH tokens on exchanges has continued to fall and is now at its lowest level since 2016.

BMNR stock price prediction: Technical analysis  BitMine stock chart |Source: TradingView  The daily timeframe chart shows that the BitMine stock price has been in a strong downward trend in the past few months. It plunged from a record high of $160 to the current $20.

On the positive side, the coin has formed a falling wedge pattern, which consists of two descending and converging trendlines. 

This wedge is nearing its confluence, which could lead to a rebound soon. Also, the Relative Strength Index has moved from the oversold level of 30 to the current 32.

Therefore, the stock will likely have a strong bullish breakout in the coming days, potentially to the key resistance level at $35, its highest level in January this year.

On the other hand, a move below the lower side of the wedge will point to more downside in the near term. 

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A recent major Ethereum sell-off is sharply taking over the spotlight in the broader cryptocurrency community. Given the prolonged volatile state of the market over the past few months, Trend Research has officially concluded its massive ETH unwinding, offloading thousands of the leading altcoin.

Massive Trend Research’s Ethereum Unwind Concludes Ethereum’s price is facing heightened bearish pressure, and several big institutions appear to be dumping their ETH holdings, which is likely to extend the ongoing volatility. The most recent and popular sell-off swelling across the community is that of Trend Research, an Edmonton-based marketing research data collection firm.

Trend Research is marking a significant turning point for Ethereum, with the announcement that the protracted tale of strong selling and position unwinding has finally ended. MartyParty, a crypto commentator and the host of The Office Space, shared this update on the X platform, attracting community attention.

Looking at the on-chain tracking, the company has deposited/liquidated the entire 651,757 ETH into Binance, the largest cryptocurrency exchange in the world. At the time of the transaction, the portion of ETH was valued at a whopping $1.34 billion, with a reported average exit price of $2,055.

According to MartyParty, this caps off a brutal leveraged long position that began unraveling hard when the price of Ethereum experienced a sharp decline. Specifically, the forced selling began at levels of $1,750 earlier in February 2026. After the sell-off, the estimated realized loss clocks in at roughly $747 million, while other trackers estimate it at roughly $745 million, marking one of the biggest public sales from a major player in recent memory. 

Trend Research complete offload ETH holdings | Source: Chart from MartyParty on X MartyParty has outlined a breakdown of the action. The commentator highlighted that Trend Research originally built a huge ETH long. This was carried out by borrowing stables on Aave against ETH collateral, then buying more ETH exposure that reportedly peaked near +$2 billion at points.

As the price of Ethereum tanked, the company started moving ETH into Binance in the past days/weeks to repay debt and prevent complete liquidation. Prior batches ranged from 10,000 to 90,000 ETH, and they are increasing. Meanwhile, the final batch removed the rest, basically leaving their wallets empty. However, a few trackers point to tiny remnants like 0.165 ETH left in their wallet.

By making this move, a significant source of sell pressure that had been looming over cryptocurrency for the last week or so is eliminated. However, whether it triggers a relief bounce or if the market simply ignores it hinges on the broader crypto sentiment, including macro, other whales, and ETF flows, among others.

ETH Whales Reviving Buying Pressure Even with the ongoing pullback, investors’ sentiment has not entirely turned bearish toward the altcoin. CW, a market expert, disclosed that inflows to accumulating wallet addresses seem to have increased despite ETH experiencing a notable drop.

Data shows that large holders or whales have been increasing their holdings, while retail investors continue to offload due to the panic. This divergence represents a shift in ownership, where supply moves from weaker hands to stronger conviction-driven investors.

ETH trading at $2,065 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com

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TL;DR:

BitMine Immersion Technologies acquired an additional 40,613 ETH, bringing its total treasury to 4.3 million units. Despite the aggressive accumulation, BMNR shares fell 5% due to unrealized losses and the sudden departure of its president. BitMine now controls 3.58% of Ethereum’s circulating supply, solidifying its position as the second-largest corporate holder. BitMine Immersion Technologies shook the market after announcing the purchase of $82 million in Ethereum. The transaction was completed through FalconX, adding 40,613 ETH to the company’s reserves during a period of extreme volatility for the asset.

Despite this bullish move led by Tom Lee, the firm’s shares dropped 5% in pre-market trading. In light of this, investors remain cautious due to the share dilution required to fund such massive digital asset purchases.

The Financial Challenge of a Loss-Drenched Treasury BitMine’s strategy mirrors that of Strategy, yet it faces a far more complex technical landscape. With an average acquisition cost of $3,825 per ETH, the company’s total position is currently 47% below its purchase value.

This situation has generated accounting losses exceeding $7.8 billion, intensifying pressure on the board of directors. Nevertheless, the company remains firm in its belief in an Ethereum “supercycle” and the benefits of the upcoming Fusaka protocol upgrades.

Beyond the financial impact, abrupt leadership changes have compromised the organization’s stability. The sudden retirement of its president has raised red flags regarding internal governance amidst this period of significant deficits.

On the other hand, technical indicators show BitMine shares are in extremely oversold territory after hitting lows near $17.40. If Ethereum’s price manages a strong recovery, BMNR’s valuation could see a significant rebound toward the $25 resistance level.

The XRP Ledger has quietly crossed a critical milestone. What began as an experimental blockchain designed to challenge the inefficiencies of cross-border payments is now maturing into full-scale financial infrastructure. With the final constraints that once limited bank participation now removed, XRPL is no longer something institutions test; it’s something they can deploy.

How XRPL Addressed Compliance And Operational Gaps Ripple has removed a key barrier that previously prevented banks from settling directly on the XRP Ledger, a change that could enable billions of inflows into the Ledger. Crypto analyst Diana has revealed that for years, a recurring question has surrounded Ripple’s network of over 300 bank partnerships: If adoption was so broad, why isn’t there massive on-chain volume on XRPL?

As explained by Ripple Chief Technology Officer (CTO) and board member David Schwartz (JoelKatz), the reason was not technical performance; it was compliance and counterparty certainty. Institutions were unable to guarantee who was providing liquidity or whether counterparties met regulatory requirements when settling on-chain.

That constraint is now being addressed. Permissioned Domains are live on XRPL, allowing institutions to operate within compliant, access-controlled environments while still benefiting from on-chain settlement.  However, a Permissioned DEX, which is scheduled to go live on February 18, will enable institution-only liquidity pools designed specifically for regulated participants.

A big week is ahead for Ripple XRP, with more token utility anticipated. BSCN on the X platform reported that the week ahead could be an important one for the Ripple community, with new updates focused on expanding the real-world utility of XRP set to be introduced. RippleXDev has announced that the XRP community day will take place on February 11, featuring a series of live social media events.

One of the key discussion points will be how upcoming roadmap features translate directly into XRP utility. RippleXDev indicated that the session will explore several foundational pillars designed to drive adoption, including programmability through smart extensions and contracts, zero-knowledge proofs (ZKPs) for privacy and stability, and compliance building blocks such as permissioned domains and the permissioned DEX.

Why Extreme Conditions Often Precede Relief Rallies XRP price has entered the most oversold condition in its history. According to Skipper, analysts are stating that every time the altcoin reached comparable extremes, the price eventually reversed to the upside. Based on this historical pattern, XRP may be approaching a significant rebound, with a move back above the $2 level now back in focus.

At the same time, the evolution of the classic DEX is accelerating. DEX Pro would bring together the critical market data into a single, streamlined interface, bridging the gap between decentralized execution and professional-grade data analysis and giving traders the tools to make smarter, faster, and more informed decisions.

XRP trading at $1.37 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Freepik, chart from Tradingview.com

Journalist

Posted: February 9, 2026

Solana-linked exchange-traded products recorded one of their largest daily outflows on record, as sustained price weakness in SOL continued to weigh on institutional positioning.

According to data from Santiment’s ETF dashboard, Solana ETFs saw $11.9 million in net outflows in a single session. This marks the second-largest daily outflow since these products began tracking flows. 

Source: Santiment

The move comes as SOL trades near multi-month lows around $85, following a failed recovery attempt earlier in January.

Solana ETF outflows confirm broader de-risking The sharp daily outflow was not an isolated event. On a weekly basis, Solana ETFs posted a net outflow of $8.92 million. It flipped decisively negative after several weeks of weakening inflows. 

At the same time, total assets under management fell to $727.97 million, down sharply from peaks above $1.1 billion seen in prior months.

Source: SoSoValue

The contraction in assets suggests that redemptions have accelerated alongside falling prices. It reinforces the view that ETF investors are reducing exposure rather than rotating capital within the Solana ecosystem.

Earlier in the cycle, assets under management had already begun to roll over even as flows remained marginally positive. This indicates that price depreciation was eroding the ETF base before outright outflows emerged.

SOL price breakdown aligns with flow weakness SOL’s price action has closely tracked the deterioration in ETF flows. After rebounding toward the $140–150 range in January, the rally stalled below prior resistance and quickly reversed. 

Since then, SOL has resumed a pattern of lower highs and lower lows, with selling pressure intensifying into early February.

Source: TradingView

Technical indicators reflect mounting stress rather than stabilization. The daily relative strength index [RSI] has fallen below 30, placing SOL in oversold territory, though without any clear bullish divergence or base formation. 

Trading volumes have risen during recent declines, but the absence of sustained follow-through buying suggests limited evidence of absorption at current levels.

Pressure builds without clear capitulation signals While large ETF outflows are sometimes cited as potential exhaustion markers, current data shows flows and price weakening in tandem, rather than diverging. 

The lack of stabilization in either metric points to continued pressure rather than a completed capitulation phase.

With SOL now testing levels last seen during earlier phases of the downtrend, ETF flows appear to be acting as a confirmation signal, reflecting institutional risk reduction amid broader market volatility.

Final Thoughts Solana ETF outflows are reinforcing the existing downtrend rather than signaling a confirmed bottom. Price weakness and declining assets under management suggest continued institutional de-risking.

The project, which had pitched itself as a layer-2 “real-time blockchain" targeting more than 100,000 transactions per second, would make onchain interactions feel closer to traditional web apps than today’s crypto networks. Feb 9, 2026, 4:14 p.m.

MegaETH, a high-performance blockchain built to make Ethereum applications feel nearly instant, debuted its public mainnet Monday, entering an ecosystem mired in a fundamental debate over how Ethereum should scale.

The project, which had pitched itself as a layer-2 “real-time blockchain” targeting more than 100,000 transactions per second (tps), would make onchain interactions feel closer to traditional web apps than today’s crypto networks. Ethereum works at less than 30 tps, according to Token Terminal.

STORY CONTINUES BELOW

The release caps a rapid rise that has drawn both technical curiosity and major financial backing. The project’s development arm, MegaLabs, raised a $20 million seed round in 2024 led by Dragonfly. Last October, it announced a $450 million oversubscribed token sale backed by some of the most recognizable names in crypto, including Ethereum co-founders Vitalik Buterin and Joe Lubin. The sale was one of the largest crypto fundraises of that year.

The native token, MEGA, which underpins the network’s economics, is not fully unlocked at launch. According to the team, token distribution and utility will roll out gradually, with certain unlocks tied to network usage milestones.

MegaETH’s debut comes as Ethereum’s long-standing scaling roadmap is being examined, particularly by Buterin. For years, the second-largest blockchain by market cap relied on layer-2 networks, offchain systems that batch transactions and settle them back on the base layer, to handle most of the ecosystem’s growth.

But in recent discussions, Buterin has suggested that Ethereum may need to invest more heavily in scaling the layer-1 network to reduce fragmentation and simplify the user experience.

Those comments have ignited debate across the ecosystem. Supporters of layer 2s argue that the so-called rollups remain essential and already deliver meaningful performance gains. Critics say an overreliance on them has scattered liquidity and users across dozens of networks. MegaETH’s high-speed, low-latency design lands squarely in the middle of that argument, betting that there is still strong demand for chains that push performance far beyond current norms.

Read more: MegaETH Raises $450M in Oversubscribed Token Sale Backed by Ethereum Founders

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

3 mins mins

CME launches cash-settled Cardano (ADA) futures, Chainlink (LINK) futures, Stellar (XLM) futurescme group has launched futures on Cardano (ADA), Chainlink (LINK), and Stellar (XLM), expanding its regulated crypto derivatives lineup, according to CryptoBriefing. The additions aim to provide diversified market exposure on a major regulated venue. The products extend CME’s crypto suite beyond Bitcoin and Ether.

As reported by Börse Global, the listing brings institutional derivatives access to Cardano via CME’s marketplace. Coverage emphasizes the provision of standardized, regulated price-risk tools. Chainlink and Stellar are included alongside Cardano in this expansion.

Why this matters for regulated access, hedging, and risk managementFor institutions, regulated futures allow price-risk transfer without directly holding underlying tokens. The structure can support compliance workflows and operational controls while enabling disciplined exposure management.

CME framed the move as meeting client demand for regulated crypto tools. “Given crypto’s record growth over the last year, clients are looking for trusted, regulated products to manage price risk as well as additional tools to gain exposure to this dynamic market,” said Giovanni Vicioso, Global Head of Cryptocurrency Products, CME Group.

Micro-sized contracts can make participation more accessible and risk more precisely sized, according to CrowdfundInsider. Institutional desks may use standard contracts for basis management, portfolio beta calibration, or hedging concentrated spot holdings.

Around launch, liquidity can initially be thin and price behavior choppy while two-sided participation develops; AInvest.com cautioned that short-term swings are possible during the transition phase. Over time, depth and price discovery may improve as quoting widens and more counterparties engage.

Access will flow through futures commission merchants and clearing members, broadening participation beyond native crypto venues. Micro versus standard sizing can help align notional exposure to risk budgets and margin constraints.

At the time of this writing, based on Nasdaq data, CME Group Inc. recently closed at $302.27 and traded around $303.00 after-hours, near a 52-week range high of $302.79. This share-move context is independent of the futures’ pricing.

How these altcoin futures compare to CME Bitcoin and EtherContract sizing, cash settlement, and margin considerationsReports praise the cash-settlement structure, consistent with CME’s existing crypto suite and reducing token custody frictions, according to Criptolog.com. Availability of both standard and micro contracts is intended to enhance flexibility and capital efficiency; margin parameters will reflect the exchange’s risk framework.

Liquidity, costs, and risk differences at and after launchRelative to the deeply traded Bitcoin and Ether futures, new altcoin contracts typically begin with wider spreads and shallower order books, with basis dislocations possible early on. Initial trading costs may be higher, though market depth can improve as participation grows.

FAQ about Cardano (ADA) futuresAre the new CME altcoin futures cash-settled and how do margin and tick sizes work?Yes. They are cash-settled. Tick sizes and margin are set by the exchange and clearing ecosystem; final figures depend on the listed contract specifications.

How can institutions and retail traders use ADA, LINK, and XLM futures for hedging or directional exposure?Institutions may hedge spot or manage portfolio beta; retail can use micro contracts for calibrated, regulated exposure through FCMs and brokers, with defined margin and transparent settlement.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Ripple, the largest XRP holder, has announced a partnership with Figment, which would see it expand its custody services to include Ethereum and Solana staking. This development comes as the crypto firm continues to expand its services beyond the XRP ecosystem, with its prime brokerage recently announcing support for Hyperliquid to provide institutions with access to DeFi.

XRP News: Ripple Adds Ethereum and Solana Staking To Custody Services In a press release, Ripple announced a partnership with Figment to offer staking capabilities to its Custody clients, as it seeks to further expand its institutional product offerings. The firm noted that through this collaboration, banks, custodians, and regulated enterprises will be able to offer staking for proof-of-stake networks, including Ethereum and Solana, without building validator infrastructure or compromising operational controls.

Ripple further noted that by offering staking for the top layer-1 networks as part of its custody workflows, institutions can now expand services while maintaining the “same security, governance, and compliance standards expected of enterprise-grade custody.” Commenting on this move, Aaron Slettehaugh, SVP of Product at Ripple, noted that institutions need cohesive systems to make the most of digital asset capabilities.

“By bringing best-in-class security, compliance, and staking to Ripple Custody customers, we’re removing the friction of managing complex tech stacks and enabling our customers to go live faster and scale with confidence,” he added.

This move comes just a week after Ripple announced that its prime brokerage platform, Ripple Prime, had added support for Hyperliquid, marking the first DeFi venue it was integrating onto its platform. The firm noted that this will enable institutional access to on-chain derivatives liquidity.

Focus Turns To Community Day Amid this latest development, the XRP community is turning its attention to the ‘XRP Community’ Day, which holds this week. Ripple announced that the event will take place on February 11 and 12 and will include discussions on XRP’s utility and future.

According to the firm, the sessions will cover regulated XRP products, such as ETFs and ETPs. XRP Innovation Spotlights, wrapped XRP, and new features that expand the token’s utility. As CoinGape reported, Flare Network recently introduced modular lending for the altcoin, a move that expands its DeFi utility in relation to lending and borrowing.

Meanwhile, speakers for the Community Day include Ripple’s executives Brad Garlinghouse, Monica Long, and Stuart Alderoty, as well as former Chief Technology Officer (CTO) David Schwartz. Furthermore, there will be ecosystem partners across EMEA, the Americas, and APAC, who will also speak during the event.

Notably, one of the discussions will center around how XRP and stablecoins complement each other. This aligns with the roadmap, which Ripple recently unveiled for institutional DeFi on the XRP Ledger (XRPL), in which the firm noted that the altcoin serves as an auto-bridge for FX and remittance transactions, enabling traders to settle between stablecoins and other tokens.

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Quick Facts:

➡️ Bithumb successfully recovered 99.7% of an erroneous Bitcoin airdrop, highlighting the reversibility of centralized exchange errors versus on-chain finality. ➡️ The incident underscores the operational risks of legacy crypto infrastructure, driving demand for automated, protocol-level security solutions. ➡️ BMIC addresses the looming ‘harvest now, decrypt later’ threat with a quantum-secure finance stack and Zero Public-Key Exposure. ➡️ Early traction is visible in the presale, with over $444K raised as investors hedge against future cryptographic vulnerabilities. The fragility of centralized exchange operations was on full display recently. South Korean giant Bithumb confirmed the recovery of 99.7% of funds from an erroneous Bitcoin airdrop event, a messy situation, to put it mildly. The incident, caused by an internal system calibration error, triggered a scramble that highlights the classic paradox of centralized custody: the ability to correct mistakes versus the risk of human error.

The remaining 0.3% has been repaid using company assets.

While the recovery rate is technically impressive, the event has reignited the ‘not your keys, not your coins’ debate. Bithumb’s ability to claw back funds relied heavily on user compliance and freezing internal ledger movements, luxuries that simply don’t exist in a truly decentralized environment. If this error had occurred on-chain with finalized settlement? Those funds would be gone forever.

This near-miss acts as a serious stress test for the industry. It reminds institutional players (and retail traders watching the charts) that legacy infrastructure remains prone to operational friction, even when wrapped in crypto branding. As the market matures, the focus is shifting from simply fixing mistakes post-mortem to preventing catastrophic loss at the protocol level.

This shift from reactive recovery to proactive immunity is driving capital toward next-gen infrastructure. While exchanges patch operational holes, traders are watching BMIC ($BMIC), a protocol designed to secure the transaction layer itself against the looming threat of quantum computing.

BMIC Offers Quantum-Proof Protection For Your Crypto The Bithumb incident was a failure of process; the next major crisis in crypto will likely be a failure of mathematics. Current blockchain security relies on elliptic curve cryptography, a standard that quantum computers are projected to break within the decade. This creates a ‘harvest now, decrypt later’ threat vector. Malicious actors are collecting encrypted data today to unlock it once quantum processing power matures.

BMIC acts as the firewall against this existential risk. By deploying a Full Quantum-Secure Finance Stack, the project moves beyond standard wallet security. It uses post-quantum cryptography combined with AI-Enhanced Threat Detection to ensure that wallet integrity remains absolute, even in a post-quantum environment.

What differentiates BMIC from standard security patches is its implementation of Zero Public-Key Exposure. In traditional transactions, your public key is revealed. That creates a potential attack surface for quantum algorithms (like Shor’s algorithm) to derive the private key. BMIC fixes this by keeping keys shrouded. Even if the network is under quantum surveillance, the user’s assets remain mathematically invisible to attackers.

This isn’t just about better hygiene; it’s a fundamental architectural shift. The protocol also uses ERC-4337 Smart Accounts, abstracting away the complexities of seed phrases while maintaining quantum resistance. For enterprises watching the Bithumb debacle, the appeal of BMIC lies in its promise of finality without the fear of cryptographic obsolescence.

CHECK OUT THE QUANTUM STACK AIMING TO FUTURE-PROOF YOUR ASSETS

Smart Money Targets $BMIC Presale as Institutional Hedge While headlines focus on exchange recoveries and Bitcoin price action, on-chain data suggests a quiet rotation into infrastructure plays offering long-term durability. The BMIC presale has already attracted notice, raising over $444K in its early stages. Sophisticated investors seem to be looking beyond current market volatility, hedging against future technological risks.

At the current price of $0.049474, the token acts as a call option on the security standards of the next decade. The market logic here is straightforward: as the value of assets stored on-chain grows into the trillions, the premium placed on quantum-proof security will likely expand exponentially. Current wallets are like vaults with time locks ticking down; BMIC provides the upgrade required to keep them shut.

The protocol’s utility extends into governance and compute. The ‘Burn-to-Compute’ mechanism and the Quantum Meta-Cloud suggest a broader ecosystem play. Here, the token isn’t just a governance instrument; it’s a resource for accessing high-level security computation. This dual utility (security infrastructure plus compute resources) positions $BMIC favorably against single-purpose security tokens, and makes it one of the next crypto to explode.

For investors, the Bithumb error is a signal. Centralized entities can fix human mistakes, but they can’t fix broken cryptography. As the industry realizes that legacy wallets are living on borrowed time, capital is likely to flow toward protocols that have already solved the quantum dilemma.

GET YOUR $BMIC HERE

The information provided in this article is for educational purposes only and does not constitute financial advice. Cryptocurrency investments carry high risks, including total loss of capital. Always conduct your own due diligence before investing.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Published: February 9, 2026 │ 4:28 PM GMT

In a wide-ranging weekend update, Crypto Sensei argued that XRP coin is quietly being wired into the infrastructure of traditional finance, pointing to fresh regulatory moves, institutional research and new integrations across payments and derivatives.

CFTC’s No-Action Relief Reshapes Derivatives Collateral, Boosts RLUSDThe most concrete shift comes from the US Commodity Futures Trading Commission.

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A newly discussed no-action letter ’26-05′ says the agency’s staff will not recommend enforcement against futures commission merchants (FCMs) that accept “payment stablecoins and other non-securities digital assets” as customer margin collateral, provided specific risk controls and haircuts are respected.

🇺🇸 New from the CFTC: Feb 6 2026

The Commission has updated its "No-Action" position on digital asset collateral.

The big change: National trust banks are now officially recognized as permitted issuers of payment stablecoins used for margin. 🏦 pic.twitter.com/YmDeQW9yfa

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) February 8, 2026 The host of the XRP-focused podcast, Crypto Sensei notes that the update builds on an earlier letter (2540), effectively preserving and clarifying the ability for FCMs to treat qualifying digital assets as margin and residual interest.

One key change: national trust banks are now recognized as permitted issuers of payment stablecoins in this framework, broadening who can issue margin-eligible coins.

Ripple’s RLUSD stablecoin is presented as a direct beneficiary. It is already used as regulated dollar collateral at Bitnomial, a CFTC-regulated derivatives clearing organization that accepts both RLUSD and XRP as margin deposits.

Under the new framework, “any FCM that wants to accept a payment stablecoin for margin can do so under new clear rules,” the host says, positioning RLUSD as a cleaner option for derivatives collateral if issued through a qualifying national trust structure.

Institutional Thesis: Ripple As a Bank, XRP As Core Settlement AssetThe video leans heavily on a document from Amplify ETFs that sketches out a 2025–2026 institutional adoption roadmap.

According to the excerpt read on-screen, Ripple’s “conditional OCC approval for a national trust bank charter” is framed as a “landmark advancement” that could enable federally supervised custody, stablecoin management and payment services.

The document suggests that with federal charter status and potential Fedwire/FedNow access by mid-2026, Ripple could erode moats held by stablecoin issuers like Circle and Tether.

For XRP, Amplify argues this may mean “boosted institutional adoption,” reduced regulatory risk, and “indirect exposure to a compliant entity with banking privileges,” alongside possible scarcity effects via escrow.

The host underscores that XRP’s “built-in compliance and identity primitives” on the XRP Ledger differentiate it from chains that are trying to bolt on regulatory tooling after the fact, a point he says aligns with Ripple’s recently published institutional roadmap.

Infrastructure Build-Out: Dfns, Hyperliquid, Bitso & Global BanksOn the infrastructure side, custody and wallet platform Dfns has added the XRP Ledger as a “tier 1” network, with full wallet creation, transaction signing, policy controls and balance monitoring via API. That puts XRPL in the same internal category as Dfns’ highest-priority chains, aimed at exchanges, fintechs and banks.

The host also highlights an integration branded “Ripple Prime” with derivatives venue Hyperliquid, described as a major prime broker bridge between institutional capital and an on-chain perp protocol that already dominates its niche.

He argues that routing institutional flows through Ripple’s compliant stack could mechanically increase fee revenue and buybacks on the Hyperliquid side while deepening XRP’s role in collateral and settlement flows.

In payments, Latin American platform Bitso is said to be live using Ripple payments with XRP for liquidity and RLUSD for USD settlement, targeting US–LatAm transfers without pre-funded accounts. The host cites data that LatAm processed around 10% of remittances between the US and the region and handled roughly $82 billion in stablecoin payments in 2025.

Elsewhere, he points to a graphic of major payment and banking players — including Mastercard, Visa, American Express, Bank of America, Citi (via Metaco), Deutsche Bank and Chase — noting that several have public Ripple ties or indirect XRP connectivity through partners such as GTreasury.

Why This Matters For Crypto InvestorsDespite weak spot prices, Crypto Sensei notes that XRP recently ranked as the second most visited asset on CoinMarketCap, which he interprets as evidence of sustained retail interest.

He also cites a ranking that places Ripple among the world’s top 10 most valuable private companies with an estimated $50 billion valuation, alongside firms like SpaceX, OpenAI, Revolut and Stripe.

For crypto investors, the takeaway is less about short-term price moves and more about plumbing: CFTC clarity on non-security digital asset collateral, a maturing stablecoin framework that can fit RLUSD, and an expanding web of institutional integrations where XRP is used for liquidity, margin or settlement.

How much global volume ultimately runs through this stack — and how regulators classify each asset over time — remains the key variable.

Discover DailyCoin’s trending crypto scoops:
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People Also Ask:Does the CFTC letter explicitly name XRP?

The host says the letter covers “payment stablecoins and other non-securities digital assets,” with Bitcoin and Ether cited as examples. XRP’s link is inferred via Bitnomial’s existing use of XRP as margin and its inclusion in the same non-security collateral bucket.

Is Ripple already operating as a national trust bank?

According to the Amplify ETFs document quoted in the video, Ripple has “conditional OCC approval” for Ripple National Trust Bank as of December 12, 2025. That framing implies a conditional status with further steps and timelines, not a fully operational national bank yet.

How is RLUSD different from other stablecoins in this context?

Crypto Sensei describes RLUSD as a regulated USD stablecoin already accepted as margin at a CFTC-regulated venue. The national trust bank angle and fit within the CFTC’s “payment stablecoin” framework are presented as its main differentiators.

Why does institutional wallet and custody support for XRPL matter?

Platforms like Dfns making XRPL a “tier 1” network lowers the friction for exchanges, banks and fintechs to hold and move XRP programmatically, which can be a prerequisite for using it as collateral, settlement or liquidity in regulated environments.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

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Is Hyperliquid open interest below $5B? Unverified; evidence suggests higherClaims that Hyperliquid’s open interest (OI) has fallen below $5 billion remain unverified. Available coverage points to materially higher figures and emphasizes the risk of misreading snapshot or lagging data.

Based on reporting from PANews, citing analyst @ai_9684xtpa, Hyperliquid’s OI stood around $7.73 billion on December 12, 2025. Holder.io, summarizing a GLC study, noted OI fell from roughly $14.75 billion after the October 10, 2025 crash to about $9.48 billion, then rebounded ~45.6% since December 1 toward $9.5 billion.

The headline “continues to decline, now below $5B” conflicts with those figures and may stem from confusion between trading volume and OI, data staleness, or intraday troughs. Absent time-stamped, auditable evidence, the lower-$5B claim should be treated as unconfirmed.

What open interest is and why traders confuse itOpen interest measures outstanding contracts not yet closed or settled, unlike volume, which counts completed trades. OI can remain high even when volumes drop, particularly after volatile sessions that force risk reduction.

Data discrepancies often reflect different coverage scopes, collateral conventions, or delays. Some dashboards exclude certain markets or update less frequently, creating the impression that OI is lower than it is across the full venue.

Why this claim matters for risk and liquidityA materially lower OI would imply fewer active positions and potentially thinner liquidity on liquidation-heavy days, raising slippage and execution risk. Elevated OI, by contrast, can signal deeper books but more leverage-sensitive volatility.

Risk managers monitor OI alongside funding rates, basis, and realized volatility to calibrate margin and VaR. Misstating OI can distort hedging assumptions and lead to inappropriate sizing during fast-moving markets.

Context within the perpetual futures DEX landscapeHyperliquid’s OI remains central to its market position among decentralized perpetuals exchanges, even as rivals seek share. Coverage since late 2025 indicates resilience in OI despite sharp drawdowns and rotating flows.

Hyperliquid versus Aster: market signals from recent coverageAs reported by Cointelegraph, Aster’s open interest has shown sharp week-on-week gains, including an increase of about $1.25 billion during one observed period. Such bursts illustrate how liquidity can pivot across venues when incentives or narratives shift.

At the time of this writing, Coinbase Global (COIN) last closed near $165.12 on a day of double-digit gains, based on delayed NasdaqGS data. While not determinative for DEX perps, centralized exchange sentiment can correlate with derivatives risk appetite.

What CoinDesk coverage has emphasized about Hyperliquid’s positionAs reported by CoinDesk, analysis has underscored Hyperliquid’s durable footing among perp DEXs, even amid competitive pressure from newer entrants. “Hyperliquid is still best positioned among perp DEXs,” said Patrick Scott, a DeFi analyst at CoinDesk.

The coverage highlighted open interest, ecosystem development, and revenue as the pillars of that assessment. It also acknowledged share shifts, suggesting leadership can persist alongside rising competition.

FAQ about Hyperliquid open interestWhich sources provide reliable, real-time Hyperliquid open interest data?PANews and Holder.io have reported recent OI levels; CoinDesk provides analytical context. Exchange and on-chain dashboards may update faster but can differ in coverage.

Why do some dashboards show lower OI while others report $7-$9B?Methodology, product coverage, and update frequency vary. Some views exclude markets or use stale snapshots, while broader, timely datasets capture higher, aggregate open interest.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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The exchange has prepared two actions that will take effect on February 10.

The world’s largest crypto exchange will implement certain amendments to address ongoing market trends and enhance the trading experience for users.

Some of the cryptocurrencies included in the upcoming efforts are Ripple (XRP), Sui (SUI), Aster (ASTER), Internet Computer (ICP), and others.

The New Additions The company announced it will expand the list of trading pairs on Binance Spot by adding XRP/U, SUI/U, ASTER/U, and PAXG/U. The listing is scheduled for February 10, whereas trading bots services for the aforementioned pairs will become available on the same date.

U stands for United Stables – a stablecoin launched toward the end of 2025 and pegged to the US dollar. Binance revealed that all eligible users will enjoy zero maker fees on XRP/U, SUI/U, and ASTER/U “until further notice.” In addition, VIP clients will be offered zero-taker fees on those pairs.

The exchange informed that the new offerings will not be available to all users, noting that those residing in the USA, Canada, Iran, the Netherlands, and other countries will be excluded.

While backing from Binance may be price-positive for the included cryptocurrencies, such an effect is generally observed at initial listings rather than from the addition of extra trading pairs. In fact, XRP, SUI, and ASTER have headed south today (February 9), coinciding with the overall decline of the broader crypto market.

Goodbye to These Pairs Besides adding new offerings, Binance regularly monitors its service offerings and removes pairs that don’t meet the required criteria. Recently, it announced it will scrap 20 pairs, including BERA/BTC, ICP/ETH, KAITO/FDUSD, MANA/ETH, ZRO/BTC, and others.

You may also like: Ripple ETF Investors Unfazed by Market Crash as XRP Price Begins Recovery CZ’s ‘Poor Again’ Tweet Backfires as Nebraskangooner Slams Binance XRP Open Interest Hits Lowest Since November 2024: What This Means for Traders “The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance,” the company clarified.

The assets included in the delisting effort are in the red today, which is rather normal given the ongoing bearish condition of the market and the negative impact that such Binance moves can have.

It is important to note that a complete termination of all services for a particular token typically has a far more severe influence. In October last year, Binance delisted Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP), triggering double-digit declines. Prior to that, BakerySwap (BAKE), Hifi Finance (HIFI), and Self Chain (SLF) crashed hard due to the same reason.

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Bernstein analysts reiterated a bullish long-term outlook for bitcoin, calling the current bitcoin price downturn the “weakest bear case” in the asset’s history and maintaining a $150,000 price target by the end of 2026.

The research and brokerage firm argued that the recent drawdown reflects a crisis of confidence rather than structural damage to bitcoin’s network or investment thesis.

“What we are experiencing is the weakest bitcoin bear case in its history,” the analysts wrote, adding that none of the typical catalysts behind past crypto winters have emerged.

Bernstein said previous bear markets were driven by major failures, hidden leverage, or systemic breakdowns. This cycle, the firm sees no comparable blowups or widespread insolvencies.

Instead, analysts pointed to growing institutional alignment as a key difference. They cited support from a pro-bitcoin U.S. political environment, expanding adoption of spot BTC ETFs, rising corporate treasury participation, and continued involvement from large asset managers.

The firm argued that bitcoin’s broader adoption story remains intact despite market weakness.

Bernstein also addressed criticism that bitcoin has lagged gold during the latest period of macro volatility. They said BTC continues to trade primarily as a liquidity-sensitive risk asset rather than a mature safe haven.

They noted that elevated interest rates and tighter financial conditions have concentrated gains in select areas such as precious metals and AI-linked equities. 

Bernstein said BTC ETF infrastructure and corporate capital-raising channels remain positioned to absorb renewed liquidity if conditions ease.

Reporting from The Block helped with the coverage of this analysis.

Bernstein stays bullish on bitcoin; quantum fears dismissed. The analysts also pushed back against claims that BTC is losing relevance in an economy shaped by artificial intelligence.

They argued that blockchains and programmable wallets could play a central role in an emerging “agentic” digital environment, where autonomous software agents require global, machine-readable financial rails. Traditional banking systems, they said, remain constrained by closed APIs and legacy integration barriers.

On quantum computing, Bernstein acknowledged that future cryptographic threats warrant preparation but said BTC is not uniquely exposed. 

The firm argued that all critical digital systems face similar risks and will transition toward quantum-resistant standards together.

These thoughts echo that of Strategy, on Strategy’s fourth-quarter 2025 earnings call, Executive Chairman Michael Saylor said the company will launch a Bitcoin Security Program aimed at coordinating with the broader cyber and crypto community. 

The message echoed Strategy’s view that quantum computing is not an immediate threat, but a future engineering challenge that the network will have time to address.

Saylor framed quantum fears as the latest version of “FUD,” arguing that many major industries still rely on the same cryptographic foundations BTC uses today. He pointed to ongoing global investment in quantum-resistant research and said the Bitcoin ecosystem is already exploring upgrades that could strengthen the protocol if needed.

He emphasized that any major change would require broad global consensus, consistent with Bitcoin’s history of adapting through technical and regulatory pressure.

Bernstein added that BTC’s transparent codebase and the growing involvement of well-capitalized stakeholders position it to adapt alongside other financial and governmental systems.

Bernstein also dismissed concerns about leveraged corporate bitcoin accumulation and the risk of miner capitulation.

The analysts said major bitcoin-holding firms have structured liabilities to withstand prolonged downturns. 

They pointed to comments from Strategy executives that only an extreme scenario — BTC falling to $8,000 and remaining there for five years — would require balance sheet restructuring.

Bernstein maintained that the selloff represents sentiment weakness rather than systemic failure, and reiterated its forecast for bitcoin to reach $150,000 by the end of 2026.

At the time of writing, BTC is trading slightly below $70,000.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

Bitcoin price is hovering near the $70,000 mark in early February 2026, a strong drawdown from the late-January highs near $90K. The selloff was sharp, confidence faded quickly, and now the market is stuck watching one range obsessively and that is $60K to $65K. Lose that, and things could get messy fast in shortterm.

The damage along the way is already clear. Multiple support levels failed during the drop, forcing traders into a wait-and-see mode. Big bets are on pause. Everyone wants proof that a short-term bottom actually exists before stepping back in.

Fear Dominates as Structure Stays BearishNow is a time when every investor and trader wants a clear view, not a sugarcoating. To them sentiment has turned really ugly and a position without knowing the risk could create serious consequences.

Because, the Crypto Fear and Greed Index still remains deep in Extreme Fear territory. At the same time, spot Bitcoin ETFs continue to bleed capital, with weekly flow data showing persistent outflows stretching back from September 2025 and extending into early February. That’s not the backdrop of a confident market.

Zoom out on the Bitcoin price chart and the technical picture lines up with the mood. The 50-day EMA is still below the 200-day EMA, keeping the death cross active since mid-November. Adding to the pressure, a short-term death cross between the 20-day and 50-day EMAs printed in late January, confirming near-term weakness.

As a result, traders now treat the $60,000–$65,000 zone as the last meaningful cushion. A clean break there could invite forced selling rather than measured exits.

Short-term Indicators Hint at Relief, CautiouslyThat said, not everything is screaming collapse, at least not on the daily timeframe.

RSI on the daily chart is recovering from deeply oversold levels and currently sits near 32.5, suggesting selling pressure may be losing some intensity on daily timeframe chart. Meanwhile, MACD remains in a bearish cross, but the gap between signal lines is narrowing. In plain terms, downside momentum is slowing with recent bullish move in past few days.

CMF, however, is still negative at around –0.05. Until it flips above the zero line, money flow doesn’t support a sustained bounce. This keeps any Bitcoin price prediction in the “short-term relief only” category rather than any kind of trend reversal not even in the shortterm view.

Leverage Tells a More Dangerous StoryDerivatives data adds another layer of concern. As per Santiment data, the Open Interest has been falling seamleslly from 30 days high of 38 million OI to only 20 billion OI positions, while BTC price struggles, a sign that traders are exiting positions rather than committing fresh capital.

The brief funding spike on February 6 looked dramatic, but it functioned more like a short squeeze than genuine demand. Once funding flipped back to positive, the market became crowded with over-leveraged longs.

That’s the trap. Positive funding without rising participation leaves buyers exposed. Without new money entering, even a modest dip could trigger liquidations, dragging Bitcoin/USD back toward lower support.

For now or this month, Bitcoin price may attempt a bounce toward $74,750 or even $84,900 if buyers show up decisively. But until the 200-day EMA near $95,700 is reclaimed, the broader structure stays tilted firmly toward the bears.

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.

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BitMine (NYSE:BMNR) added 40,613 Ethereum (CRYPTO: ETH) in the past week, bringing total holdings to 4.326 million ETH worth $9.2 billion, as Executive Chairman Tom Lee predicts a “V-shaped recovery” for ETH. Lee's V-Shaped Recovery Thesis Lee pointed to Ethereum's strengthening fundamentals despite the 62% price crash from 2025 highs.

Ouster, Inc. (OUST) M&A Call February 9, 2026 8:00 AM EST

Company Participants

Chen Geng - Senior VP of Strategic Finance & Treasurer
Charles Pacala - Co-founder, CEO & Director
Cecile Schmollgruber - Co-Founder & CEO
Kenneth Gianella - Chief Financial Officer

Conference Call Participants

Colin Rusch - Oppenheimer & Co. Inc., Research Division
Kevin Cassidy - Rosenblatt Securities Inc., Research Division
Richard Shannon - Craig-Hallum Capital Group LLC, Research Division

Presentation

Operator

Hello, and welcome to today's call discussing Ouster's acquisition of StereoLabs. [Operator Instructions] The call today is being recorded, and a replay of the call will be available on the Ouster Investor Relations website an hour after the completion of this call. I'd now like to turn the conference over to Chen Geng, Senior Vice President of Strategic Finance and Treasurer. Please go ahead.

Chen Geng
Senior VP of Strategic Finance & Treasurer

Thank you, operator, and hello, everyone. Thank you for joining today's call. Today on the call, we have Ouster's Chief Executive Officer, Angus Pacala; and Chief Financial Officer, Ken Gianella, and Co-Founder of Stereo Labs, Cecile Schmollgruber. As a reminder, prior to the market opened today, Ouster issued a news release, which was also furnished on a Form 8-K and is posted in the Investor Relations section of the Ouster website. Today's conference call will be available for webcast replay in the Investor Relations section of our website.

I want to remind everyone that on this call, we will make certain forward-looking statements. These include all statements about the integration of StereoLabs, our competitive position, anticipated industry trends, our business and strategic priorities and the development and expansion of our products. Actual results may differ materially from those contemplated by these forward-looking statements.

Factors that could cause actual results and trends to differ materially from those contained

Intuitive Machines ( NASDAQ:LUNR ) has been on quite the rocket ride lately, shooting up to a high of around $23.30 per share before dropping sharply to about $14.50 just a few days ago.

Avnet, Inc. (AVT - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, AVT's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."

There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts.

There are three stages to a golden cross. First, there must be a downtrend in a stock's price that eventually bottoms out. Then, the stock's shorter moving average crosses over its longer moving average, triggering a positive trend reversal. The third stage is when a stock continues the upward momentum to higher prices.

This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.

Shares of AVT have been moving higher over the past four weeks, up 33.6%. Plus, the company is currently a #3 (Hold) on the Zacks Rank, suggesting that AVT could be poised for a breakout.

Looking at AVT's earnings expectations, investors will be even more convinced of the bullish uptrend. For the current quarter, there have been 2 changes higher compared to none lower over the past 60 days, and the Zacks Consensus Estimate has moved up as well.

Investors should think about putting AVTon their watchlist given the ultra-important technical indicator and positive move in earnings estimates.

The price trend for MongoDB (MDB - Free Report) has been bearish lately and the stock has lost 7.3% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.

The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this database platform enhances its prospects of a trend reversal.

Understanding Hammer Chart and the Technique to Trade ItThis is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'

In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.

When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.

Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.

Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.

Here's What Makes the Trend Reversal More Likely for MDBThere has been an upward trend in earnings estimate revisions for MDB lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.

Over the last 30 days, the consensus EPS estimate for the current year has increased 41.4%. What it means is that the sell-side analysts covering MDB are majorly in agreement that the company will report better earnings than they predicted earlier.

If this is not enough, you should note that MDB currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Moreover, a Zacks Rank of 1 for MongoDB is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve.

Biohaven Ltd. (BHVN - Free Report) closed the last trading session at $11.6, gaining 4.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $21.13 indicates an 82.2% upside potential.

The average comprises 15 short-term price targets ranging from a low of $9.00 to a high of $50.00, with a standard deviation of $11.83. While the lowest estimate indicates a decline of 22.4% from the current price level, the most optimistic estimate points to a 331% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

However, an impressive consensus price target is not the only factor that indicates a potential upside in BHVN. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Here's Why There Could be Plenty of Upside Left in BHVNAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The Zacks Consensus Estimate for the current year has increased 3.3% over the past month, as one estimate has gone higher compared to no negative revision.

Moreover, BHVN currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much BHVN could gain, the direction of price movement it implies does appear to be a good guide.

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SummaryPayPal is another beaten-down stock trading almost 90% below its all-time high of $310.16 reached in July 2021. Excessive optimism has now transformed itself into excessive pessimism.To highlight how negative market sentiment has become, PYPL is now trading at levels last seen in December 2016, and that is despite significant growth in the underlying business.Despite growing its revenue by ~210% and operating income by ~280% over the last 9 years, PayPal's stock went nowhere.The picture becomes even worse when we account for the fact that the number of shares outstanding declined by approximately 25% over the same period.My 'Strong Buy' rating reflects my views that PayPal offers a highly asymmetric risk-reward ratio at a price of around $40.00 per share. At one point, I would expect the significant free cash flow generation and strong balance sheet to put a hard floor on the share price. JasonDoiy/iStock Unreleased via Getty Images

Summary Even though PayPal (PYPL) faces an increasingly challenging competitive environment and deteriorating growth prospects, the company currently trades at a free cash flow yield in excess of 16%. With net debt of only ~$500 million, the balance sheet is clean and should

Analyst’s Disclosure: I/we have a beneficial long position in the shares of PYPL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

LOS ANGELES, Feb. 09, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Corcept Therapeutics Incorporated (“Corcept” or “the Company”) (NASDAQ: CORT) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Corcept announced on December 31, 2025, that the FDA “has issued a Complete Response Letter (CRL) regarding the New Drug Application (NDA) for relacorilant as a treatment for patients with hypertension secondary to hypercortisolism.” According to the Company, “the FDA acknowledged that Corcept’s pivotal GRACE trial met its primary endpoint and that data from the company’s GRADIENT trial provided confirmatory evidence, the Agency concluded it could not arrive at a favorable benefit-risk assessment for relacorilant without Corcept providing additional evidence of effectiveness.” Based on this news, shares of Corcept fell by more than 50%.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq. 
310-301-3335
[email protected]

www.schallfirm.com