Market Signal Briefing

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Dogecoin’s first spot ETF products have been live since Nov. 24, 2025 in the U.S., but judging by the numbers by SoSoValue, it is fair to say that DOGE has yet to live up to the hype surrounding the ETF.

As of Feb. 19, the cumulative net inflows across the U.S. DOGE spot ETFs were $6.67 million, with a 18-day streak of $0 in net inflows and total net assets of approximately $8.8 million. 

Under 1% of market cap: Is institutional demand for DOGE just lagging?The total value traded in the most recent session was nearly $247,000. For context, leading Bitcoin and Ethereum ETFs moved billions in their opening weeks, setting a benchmark that any new crypto fund inevitably faces. This raises the question of whether the demand for this asset born from a meme was overestimated.

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Total DOGE Spot ETF History Data by SoSoValueThree issuers currently dominate the DOGE ETF table: Grayscale’s GDOG, which has approximately $6.38 million in net assets; 21Shares's TDOG, which has nearly $1.77 million; and Bitwise's BWOW, which has around $641,000. The whole segment itself is so small, it represents less than 1% of Dogecoin’s overall market capitalization worth $16.25 billion, as per CoinMarketCap.

DOGE is quoted at around $0.096 at the time of writing, down by over 1.5% for the day and well below the $0.15 resistance level seen earlier this year. The long-term chart shows a consistent downward trend since September 2025, with recent attempts to reach higher levels failing miserably.

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Calling the ETF a failure at this stage may be premature. However, expectations for the institutionalization of meme assets were clearly higher than current flow data for Dogecoin reflects.

A more relevant question is whether DOGE can generate sustained inflows beyond early adopters. If assets under management remain below $10 million and trading activity stays low, issuers could face commercial pressure.

Bitcoin’s decline has renewed focus on Strategy’s capital structure and debt schedule. The company, led by Michael Saylor, has built one of the largest corporate Bitcoin holdings in history. Yet falling prices have raised concerns about potential forced sales.

Strategy’s average purchase price for Bitcoin stands near $76,000. With BTC trading below that level, the company is in an unrealized loss position. However, unrealized losses do not create immediate payment obligations.

Understanding Strategy’s Debt StructureStrategy raised capital through preferred stock and convertible notes. Preferred stock instruments include STRK, STRF, STRD, STRC and STRE. Only STRK is convertible into common stock.

Dividend payments on preferred shares range between 8% and 10%. However, these payments are legally optional. If cash becomes constrained, Strategy is not required to sell Bitcoin to meet these dividends.

Convertible notes represent the primary legal obligation. The company owes about $8 billion across several maturities extending to 2032. These notes require coupon payments and repayment or conversion at maturity.

Unlike margin loans, these notes do not trigger automatic liquidation if Bitcoin falls. There are no margin calls tied to BTC price movements. This structure reduces short-term forced selling risk.

What Happens if Bitcoin Price Falls to 55KIf Bitcoin declines to $55,000, Strategy’s Bitcoin holdings would decrease in market value. However, asset value alone does not determine forced liquidation.

At current holdings of 714,644 BTC, the portfolio would still be valued above $39 billion at $55,000 per coin. This remains well above total convertible debt levels.

The key variable would be Strategy’s stock price relative to the note conversion prices. If the stock trades above conversion thresholds at maturity, noteholders may convert into equity. This avoids cash repayment pressure.

If the stock remains below conversion prices, Strategy may pursue refinancing. The company could issue new debt, sell equity, or offer additional preferred shares. These options depend on market access and investor demand.

Saylor’s Position on Forced Liquidation RiskMichael Saylor has earlier stated that the company can manage extreme volatility. He recently said that Strategy could withstand Bitcoin falling 88% to $8,000.

He also reiterated his long-term conviction, stating, “If it’s not going to zero, it’s going to a million. $BTC.” The remark reflects his view that Bitcoin remains a high-upside asset despite volatility.

At $8,000 per BTC, total holdings would be worth about $6 billion. That amount would approach the company’s net debt level. Saylor argues this still creates roughly a 1.0x coverage ratio.

He said the firm’s debt design reduces long-term risk. The notes carry low interest rates and extended maturities. This structure gives time to refinance or convert obligations.

Saylor also noted that equity sales used to buy Bitcoin do not create repayment liabilities. Therefore, the average purchase price does not create a legal requirement to sell.

BTC Market Critics and Downside ScenariosBitcoin critic Peter Schiff has warned of further downside risk. He said a break below $50,000 could lead to deeper selling pressure. Schiff has maintained a bearish stance on Bitcoin’s outlook.

If Bitcoin declines toward $55,000, the strategy would face market scrutiny. The company’s refinancing ability would depend on stock performance and capital market conditions.

At present, there are no automatic triggers requiring Bitcoin sales at $55,000. Forced selling would likely occur only if refinancing options closed and conversion was not viable at maturity.

TL;DR:

World Liberty Financial is under scrutiny from 41 congressional Democrats over its federal banking charter application and the involvement of a UAE royal family member. A UAE prince allegedly acquired nearly half of the company for around $500 million; $187 million was directed to entities linked to Trump. Senator Elizabeth Warren demanded that the Treasury and the Fed refrain from using public funds to bail out crypto investors or firms. A total of 41 Democrats from the House Financial Services Committee sent a letter to Treasury Secretary Scott Bessent demanding explanations regarding the regulatory treatment of World Liberty Financial and its federal banking charter application before the Office of the Comptroller of the Currency (OCC). The initiative was led by Representative Gregory Meeks.

The legislators cited three risk areas: the possibility that foreign government officials or politically connected investors could gain influence over the U.S. financial system through the bank licensing process; the lack of proven liquidity and resolution frameworks for digital asset structures; and the potential interference by the Executive Branch in the OCC’s autonomy.

Foreign Involvement in World Liberty Under the Microscope A report indicates that a member of the royal family of the United Arab Emirates quietly acquired nearly half of World Liberty Financial for approximately $500 million, of which around $187 million allegedly flowed to entities linked to President Donald Trump. Democrats also questioned whether Executive Order 14215, which brought independent financial regulators closer to White House oversight, could compromise the OCC’s impartiality when ruling on the application.

The letter asks Bessent to detail the role of the White House, the Office of Management and Budget, and the Treasury itself in decisions regarding banking charters.

Warren Calls to Block Any Crypto Bailout World Liberty has sparked more than one debate in U.S. politics. Senator Elizabeth Warren addressed a letter to Bessent and Federal Reserve Chair Jerome Powell, warning that the use of taxpayer funds to stabilize the crypto market would represent a moral crisis and would shift the losses of large investors onto ordinary citizens. Warren questioned whether regulators will extend bank-like guarantees to the digital asset industry.

Both legislative initiatives aim directly at the growing prominence of World Liberty Financial in Washington. On Wednesday, an event at Mar-a-Lago brought together executives from Coinbase, Binance, and Goldman Sachs. The WLFI token posted a 23% gain in the days leading up to the gathering.

In February, stablecoin supply stalled, while USDT burned 1.7% of outstanding tokens. This is the fastest rate of liquidity slowdown since the 2022 bear market. 

Stablecoin supply stalled in the past few months, and even Tether saw significant outflows from USDT. The supply of USDT fell by 1.7% in February to date, which is the steepest decline since the 2022 collapse of the FTX exchange and the subsequent bear market.

USDT supply has stalled, shrinking the token count by 1.7% in February. USDT on TRON showed stronger growth. | Source: Artemis While USDT sits at a high baseline supply of 185.3B tokens, recent weeks have shown that the market can make moves without triggering fresh minting events. Since the start of 2026, Tether has retired over $4B in USDT tokens, not issuing new mints even as BTC lost its positions. 

Stablecoin usage remained near an all-time peak, mostly used for centralized and decentralized trading. However, the availability of liquid tokens did not translate into directional market movements. Tokens have been limited as payment tools or accumulated in DeFi vaults, but have not immediately helped the spot or derivative markets. 

USDT shrinks after decreasing usage in the Euro area The supply of USDT is reflecting the application of MiCAR regulations in the Euro area. Local platforms switched to Circle’s USDC and EURC, cutting a significant part of Tether’s traffic.

The influence of USDT on Europe has been falling since the end of 2024, adding to the overall stagnation.

The Euro area carried around 33.34% of stablecoin volumes, down from over 79% at one point in 2023. According to Artemis data, Europe was among the top stablecoin users right before the introduction of MiCAR. Currently, activity is shifting to the USA, following the introduction of the Genius Act. 

The Euro area decreased its usage of stablecoins after the introduction of MiCAR. | Source: Artemis Despite this, the rest of the world compensates for the loss with near-peak usage for USDT on Ethereum and TRON. The supply on TRON offset the general decline with more active minting, but the token’s effect may be limited to the TRON ecosystem and P2P payments. 

Stablecoins face a decision on sharing interest rates Stablecoins are facing a watershed moment, expecting a decision on distributing their interest rate. If successful, stablecoins may attract more liquidity to crypto platforms, with an effect on DeFi. 

Regulators have remained skeptical of stablecoins, warning about the creation of private money. Stablecoin issuers have a varied approach, and not all have the same potential to produce passive income. 

In the case of USDT, Tether has decided not to share its revenues from US T-Bills with end users. Other stablecoins are more aggressive about offering interest rates based on blockchain lending. 

For now, the decision is leaning toward banks, which lobbied against allowing stablecoin yield. 

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Ripple CEO Brad Garlinghouse used a Feb. 18 appearance on Fox to argue that US crypto policy is nearing a turning point, predicting the long-stalled CLARITY Act will pass by the end of April and framing regulatory certainty as a direct catalyst for broader industry growth, including for XRP, which he emphasized has already cleared a key legal hurdle.

Why Ripple CEO Garlinghouse Is Bullish Garlinghouse pointed to shifting Washington momentum and said prediction markets have moved in favor of passage. “The CLARITY Act spiked because of comments yesterday, from [a] senator […] I think now 90% will pass by the end of April,” he said. “I said a couple weeks ago I thought at the end of April […] people talked about [being] optimistic.”

He added that the White House is now actively pressing stakeholders, describing a meeting “today with a lot of leaders on both sides (crypto and banking) in the White House, […] [with] the White House pushing hard.”

Pressed on Ripple’s position, Garlinghouse argued the bill’s flaws are less important than ending what he cast as a policy vacuum that has pushed the sector into enforcement battles. “Our position [is] very much, don’t let perfection be the enemy of progress,” he said. “No bill is perfect […] we need clarity.”

He contrasted Ripple’s posture with the broader industry’s situation by referencing the company’s long-running US legal fight. “Ripple has been fortunate — sued by [the] government — a judge […] say[ing] XRP is not a security. We have clarity,” Garlinghouse said, before reiterating the point in starker terms when asked directly: “Not a security. Courts ruled clearly.”

In his telling, the CLARITY Act is meant to keep crypto from being forced into a securities regime that doesn’t map cleanly onto how many networks and tokens function. “If something is a security, all kinds of obligations because […] you own part of the company,” he said, contrasting that with crypto tokens where holders typically don’t receive dividends or governance rights analogous to electing a board. He also claimed the prior administration’s approach “failed in courts,” arguing that a modern framework is required for the US to compete.

Ripple’ Strategy And XRP The interview also touched on the sector’s pullback from highs. Garlinghouse tied some of that weakness to policy delays. He said the CLARITY Act getting “pushed [and] stalled, late January […] did not help,” while arguing Ripple entered 2026 with strong momentum after what he called “a tremendous year in 2025.”

On relative performance, he claimed XRP has held up better than other majors. “To your point, crypto markets, XRP best performing major crypto, down 20%,” he said, while noting other assets were down materially more from peaks.

He framed Ripple’s strategy as proving demand through enterprise use cases rather than retail narratives: “The more we demonstrate real practical utility using technologies to solve real problems, [the] more you see that play out in a positive way.”

Garlinghouse cited Ripple’s M&A push as part of a broader effort to build infrastructure that appeals to corporate finance teams. He said Ripple has spent “three billion dollars [on] acquisitions since 2023,” including expanding into “custody, prime [brokerage], treasury management, stablecoin [and] payment” capabilities.

He highlighted the treasury-management firm it acquired, saying it “processed 13 trillion dollars payments last year,” and emphasizing how early institutional stablecoin adoption still is: “Crypto-enabled, zero of those were stablecoin enabled.”

For now, he suggested dealmaking is taking a back seat to integration. “We bought two big companies last year […] the first half of this year [is] very much on let’s pause […] integrate,” he said, adding: “For time being, we’re going to slow down, before we speed up.”

Garlinghouse also argued the CLARITY fight is no longer “crypto versus banks,” pointing to big incumbents wanting a rulebook. He said the “vast majority of the crypto industry” is prepared to accept imperfect language, including around customer rewards, because it would be “a major step forward.” He added that banks are now leaning in as well, citing Goldman Sachs leadership as wanting “the same level playing field” to compete as traditional finance moves deeper into crypto.

At press time, XRP traded at $1.4196.

XRP remains above the 200-week EMA, 1-week chart | Source: XRPUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

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TL;DR:

Aztec surged 69% in 24 hours to $0.03255 after being listed on South Korean exchanges Upbit and Bithumb with KRW trading pairs. The addition of KRW pairs on Korean exchanges triggered a wave of retail demand in a low-liquidity market. The so-called “kimchi premium” widened before arbitrage flow began compressing the gap with international prices. Aztec, the token of the privacy protocol built on Ethereum as a layer 2, recorded a 69% surge in 24 hours to around $0.03255, after South Korean exchanges Upbit and Bithumb simultaneously announced its listing with pairs against the Korean won.

The Korean Market as a Price Catalyst South Korea consistently ranks among the top three cryptocurrency markets in the world relative to volume per capita. Upbit, the country’s leading platform, frequently matches or surpasses Coinbase in daily spot trading volume during its most active sessions. When a Korean exchange enables a new pair in local currency, it eliminates the need to go through USDT and offers the token directly to an unusually active retail base. For low-cap assets like AZTEC, that kind of exposure can be transformative.

Traders tend to interpret Upbit and Bithumb listings as momentum events, and typically position themselves before liquidity deepens and the initial premium dissipates. This pattern has repeated itself on multiple occasions: tokens like VIRTUAL recorded double-digit jumps at the very moment their listing on Korean exchanges was announced, regardless of the fundamentals of the project in question.

Aztec’s Strengths With thin order books, that dynamic produces the type of vertical candle AZTEC printed in the hours following the announcement. Once prices diverge from global markets, arbitrageurs buy on international venues and sell in the Korean market, which ends up pulling prices higher across the board. The phenomenon known as the “kimchi premium” tends to widen sharply during these episodes before compressing as arbitrage flow normalizes.

Aztec is a privacy-focused Ethereum layer 2 that uses zero-knowledge proofs to provide encrypted transactions on a public chain. That technical proposition gives the token a key narrative that goes beyond speculation.

TL;DR

Deaton criticized U.S. banks during White House CLARITY Act talks as stablecoin yield restrictions became a flashpoint for now. Crypto representatives included Ripple, Coinbase, a16z and the Blockchain Association; banks included ABA, BPI and ICBA, with idle-balance yield now off the table. Debate shifted to activity-linked rewards and possible anti-evasion penalties of $500,000 per day via SEC, Treasury and CFTC, leaving issuers to keep yield features modular. Stablecoin yield restrictions have become a new fault line in Washington, after Ripple supporter and lawyer John Deaton blasted U.S. banks during White House discussions tied to the CLARITY Act. Banks versus stablecoin yields is now the headline battle as crypto companies and legislators debate whether rewards on dollar tokens should be curtailed. Deaton amplified journalist Eleanor Terrett’s reporting on the talks and argued banks have long acted against ordinary users. The backdrop is a policy sprint where industry wants pro-crypto rules and banks seek tighter limits. This dispute looks like competition over deposits too.

Banks have been the enemy of regular people for as long as I’ve been alive. https://t.co/WefxFqOcI2

— John E Deaton (@JohnEDeaton1) February 20, 2026

Inside the White House stablecoin yield standoff The White House session brought heavyweight representation on both sides. A crowded negotiating table signals how high the stakes are: Ripple, Coinbase, a16z and the Blockchain Association were cited on the crypto side, while the American Bankers Association, Bank Policy Institute, and Independent Community Bankers of America represented banks. Participants described the meeting as productive and constructive, and Terrett reported that one major request is already off the table, earning yield on idle crypto balances. The remaining debate centers on whether rewards can be linked to specific user activities. That distinction could shape product design.

Even as progress was cited, Terrett said she is hearing mixed messages from both camps. Contradictory spin is becoming part of the strategy: crypto participants describe momentum, while banks also tell a positive story and still want strict enforcement tools. One sticking point is an “anti-evasion” posture that banks hope to impose, including penalties of $500,000 per day routed through the SEC, Treasury, and CFTC. Deaton reacted by calling banks “the enemy of regular people” long before crypto, reinforcing the fear-of-competition framing. For compliance teams, the question is which regulator owns perimeter and how fast.

The episode underscores a broader governance challenge as stablecoins move from niche rails to mainstream payment and treasury tools. Policy outcomes now hinge on where “rewards” are allowed to sit within the emerging rulebook. Terrett reported that any future restrictions on rewards would be strictly limited, but the exact boundary is still being negotiated, especially around incentives tied to activity rather than idle balances. Until that line is clarified, issuers and platforms may keep yield features modular and easily switched off. Stakeholders will watch for the next update from the White House talks and lawmakers.

The token plays a central role in the ecosystem, supporting staking for sequencers, governance participation, and eventually transaction fee payments as the private execution layer matures.

Aztec (AZTEC), the native utility and governance token of Aztec Network, a hybrid public-private Ethereum layer 2 protocol, shot up over 80% today after Upbit and Bithumb, South Korea’s two dominant digital asset exchanges, listed the token.

The dual debut unleashed a wave of Korean won-denominated buying, pushing the token from $0.019 to $0.037 and lifting its market capitalization to approximately $100 million from $57 million before the announcement.

AZTEC is now trading at $0.033, up 73% in the last 24 hours, CoinGecko data shows.

Trading volume also ballooned as retail investors piled in, a pattern consistent with the so-called kimchi premium that frequently inflates prices on Korean platforms.

Aztec Network is a zero-knowledge smart contract platform that enables developers to build applications with built-in privacy. The project aims to solve default transparency, one of Ethereum’s biggest limitations, by letting users keep balances, transactions, and smart contract logic confidential without sacrificing security or decentralization.

The AZTEC token generation event took place on February 12 and has seen rapid expansion across major global exchanges, such as Coinbase, Kraken, Bybit, and KuCoin.

AZTEC powers the Aztec Network ecosystem, serving as the backbone for staking, governance, and future transaction fees.

The digital asset landscape today is defined by a sharp contrast between institutional accumulation and retail exhaustion. While MicroStrategy continues its aggressive "buy every quarter" mandate, bringing its total holdings to over 717,131 BTC, the broader market is grappling with a severe liquidity crisis. On-chain data indicates that the vast majority of altcoins are now trapped in a long-term bear trend, struggling to find support as capital consolidates into $Bitcoin. Meanwhile, the Bitcoin network itself has demonstrated immense resilience, recovering from recent weather-related disruptions to post its largest absolute difficulty adjustment in history.

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MicroStrategy Expands Treasury: Michael Saylor’s $168 Million MoveIn the headline for crypto news today, MicroStrategy has confirmed an additional purchase of 2,486 BTC for approximately $168.4 million. According to the latest SEC filings, the purchase was made between February 9 and February 16, 2026, at an average price of roughly $67,710 per coin.

Michael Saylor, the firm’s Executive Chairman, continues to pivot the company’s capital structure to support these buys. Notably, nearly half of this acquisition was funded through the issuance of "Stretch" preferred shares, a tactical shift designed to protect common equity holders while maintaining a "perpetual bitcoin-buying machine." Despite the $BTC price currently sitting below the company’s aggregate cost basis of $76,027, the firm now controls over 3.4% of the total Bitcoin supply.

Altcoin Liquidity Crunch: 83% of Tokens Slip Into Bear TrendWhile Bitcoin benefits from corporate backing, the rest of the market is under significant duress. Analysts at CryptoQuant have issued a "Bear Trend" alert, noting that 83% of altcoins on Binance are now trading below their 50-week moving average.

This deterioration in market breadth suggests a profound liquidity crunch. Outside of Bitcoin and major stablecoins like USDT and USDC, retail demand has essentially evaporated. This trend is particularly evident in high-beta assets like $XRP, which is currently hovering around $1.41. As "risk-off" sentiment prevails, leveraged long positions are being flushed out, with technical experts warning that a failure to reclaim the $1.54 resistance could lead to a deeper correction toward $1.35.

Bitcoin Network Records Historic 15% Difficulty JumpOne of the most significant infrastructure developments in crypto news today is the record-breaking adjustment in Bitcoin mining difficulty. This morning, the network's difficulty jumped by 14.7%, reaching a new high of 144.4 trillion.

This adjustment follows a massive hashrate rebound after severe winter storms in the United States forced many miners to temporarily power down. As these operators reconnected their rigs, block production times plummeted to under 9 minutes, triggering the protocol's automated upward adjustment.

Hashrate Recovery: The network hashrate rose from 884 EH/s back above 1,030 EH/s.Significance: This marks the largest absolute increase in the history of the network, underscoring that Bitcoin mining remains highly competitive even in a suppressed price environment.Tax season is right around the corner. Did you pick a crypto tax tool yet? Check out our comparison

Technical Analysis: The "True Market Mean" ResistanceAccording to the latest "Week On-chain" report from Glassnode, Bitcoin is currently trading in a "defensive range." The "True Market Mean," a metric representing the aggregate cost basis of active supply, is positioned at $79,000 and is acting as a stiff technical ceiling.

Currently, the market is finding support in the $60,000–$69,000 zone, where significant volume was traded throughout 2024 and 2025. However, if this demand cluster fails to hold, the next major structural floor is the Realized Price at $54,900.

Security Alert: 12-Month Anniversary of the Bybit ExploitOn the security front, today marks the one-year anniversary of the $1.46 billion Bybit exploit, attributed by the FBI to North Korea’s Lazarus Group. A recent report from Elliptic warns that DPRK-linked cyber activity is actually accelerating. In January 2026, the volume of social engineering attacks was double the monthly average of 2025.

With state-sponsored hackers focusing on sophisticated "spear-phishing" and social engineering, individual security is more important than ever. We highly recommend reviewing our hardware wallet comparison to move your assets off exchanges and into self-custody.

Bitcoin price action has entered a critical consolidation phase, with the leading crypto currently testing the psychological and structural floor around $60,000-$66,000. After retracing from local highs, BTC $67 038 24h volatility: 1.1% Market cap: $1.34 T Vol. 24h: $43.85 B is trading within a tightening range defined by significant support and resistance levels. Traders are closely monitoring this corridor, as technical formations suggest an imminent breakout that could dictate the market’s direction for the coming quarter.

As volatility compresses, the market awaits a decisive move to confirm whether this is a mid-cycle accumulation or a precursor to a deeper correction.

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Bitcoin Price Analysis: Key Support and Resistance Levels

Bitcoin Price Analysis Source:

Can the $60K support hold against mounting sell pressure? A decisive break below $60,000 could expose the next major demand zone between $52,000 and $55,000. On the upside, bulls face formidable obstacles. The immediate resistance lies at $69,000, followed closely by the upper boundary of the consolidation channel at $72,000.

Price is trading below the 100-week moving average (blue line), a key trend indicator that often signals broader market direction. The RSI has dropped toward oversold territory, reflecting weakening momentum but also hinting at a possible short-term bounce.

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

Fear & Greed Index Falls to Extreme Fear Levels The bearish pressure testing these support levels is partially driven by institutional flows. Recent market activity shows that Bitcoin price drops amid ETF outflows and weakening institutional interest, creating a drag on upward momentum. Not to mention how low is the sentiment right now, with the Fear&Greed index being at 8: Extreme Fear.

As Bitcoin price prediction models adjust to record $133M ETF outflows and extreme fear, the psychological barrier at $60,000 becomes even more significant.

The resolution of the current consolidation will likely set the trend for the remainder of the year. If the Bitcoin price can reclaim the $72,000 level, it would invalidate the bearish thesis and reopen the path to price discovery. However, the macroeconomic backdrop remains complex.

Traders should consider broader market correlations, as Arthur Hayes recently noted the Bitcoin-Nasdaq divergence and liquidity concerns that could dampen buying pressure.

Can Bitcoin Hyper’s Layer-2 Presale Unlock the Next Growth Cycle?

Bitcoin’s price is now squeezed between key support near $60,000 and resistance around $69,000–$72,000, with momentum below the 100-week average and sentiment in extreme fear. A sustained break below $60,000 could open the door to deeper declines, while reclaiming range highs might signal renewed confidence.

While we await Bitcoin’s price trajectory, the Bitcoin Hyper (HYPER) presale presents a contrasting long-term narrative aligned with Bitcoin’s evolving ecosystem. HYPER is a Layer-2 network for Bitcoin designed to offer faster and cheaper transactions. It achieves this by integrating a high-throughput virtual machine architecture similar to Solana’s Virtual Machine (SVM) with a canonical bridge to Bitcoin’s base layer.

The presale is structured in multiple stages, with price increases at each phase and no private allocations, making the early rounds fully public.

One of Bitcoin Hyper’s standout features is its staking mechanism, which reallocates a portion of tokens for early holders to earn rewards. These incentive programs are intended to support network participation and long-term holding, with current rates reported to be attractive relative to other presales, though actual yields can vary.

HYPER is also designed for wider ecosystem roles, including governance participation, gas payments for transactions on the Layer-2, and future utility within decentralized applications that tap into Bitcoin’s security while offering broader programmability.

For investors watching Bitcoin’s price structure and sentiment, Bitcoin Hyper represents a technology-oriented approach tied to improving Bitcoin’s scalability and opening it up to new use cases beyond simple transfers. Whether Bitcoin’s consolidation resolves to the upside or downside, early access through the HYPER presale provides a way to engage with the broader narrative of Bitcoin-connected innovation.

Join the Bitcoin Hyper community on Telegram and X.

Visit Bitcoin Hyper Here

DISCOVER: How to Buy Bitcoin Hyper – 2026 ICO Guide

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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Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing "information gain" that cuts through market hype to find real-world blockchain utility.

TL;DR

USDT Supply Drop: Tether’s stablecoin is nearing its largest monthly supply decline since the 2022 FTX fallout, with February’s $1.5 billion reduction following January’s $1.2 billion drop. Stablecoin Market Shift: Despite USDT and USDC contracting, the broader stablecoin market grew 2.33%, driven partly by USD1’s 50% surge to $5.1 billion. Whale vs. New Wallet Flows: Whales sold $69.9 million in USDT, and smart money remained net sellers, while new wallets bought $591 million.
Tether’s USDT is approaching its steepest monthly supply decline since the aftermath of the FTX collapse, as whales and smart money traders continue reducing their holdings. On-chain data shows that the world’s largest dollar‑pegged stablecoin is undergoing a notable contraction, with February’s pullback extending a trend that began at the start of the year. The shift comes at a time when USDT remains the primary liquidity gateway for crypto investors, making its supply movements a key indicator of broader market sentiment.

USDT Supply Declines at Fastest Pace in Years Tether’s stablecoin circulating supply has fallen by about $1.5 billion so far in February, following a $1.2 billion drop in January, according to Artemis Analytics data reported by Bloomberg. This trajectory puts the stablecoin on track for its largest monthly decline in three years, echoing the sharp redemptions seen after FTX collapsed in November 2022. At that time, Tether’s stablecoin supply fell by $2 billion in December 2022 as the exchange’s failure and its 150 subsidiaries rattled the crypto sector.

The current decline may signal tightening liquidity, given the stablecoin’s role as the dominant on‑ramp for digital asset trading. With a market capitalization of $183 billion, USDT accounts for roughly 71% of the stablecoin market, according to CoinMarketCap. Yet the broader stablecoin ecosystem is not contracting. Total stablecoin market capitalization has risen 2.33% in February, climbing from $300 billion to $307 billion, according to DeFiLlama. While USDT and USDC slipped 1.7% and 0.9%, respectively, the Trump‑family‑linked USD1 surged 50% to reach $5.1 billion.

Whales Reduce Exposure as Selling Accelerates Large crypto investors have been actively trimming their USDT positions. Whale wallets sold $69.9 million across 22 wallets over the past week, marking a 1.6‑fold increase in selling activity, according to Nansen. Smart money traders have also been net sellers, reinforcing the trend of major holders pulling back or reallocating capital.

Despite the selling pressure, new market entrants are stepping in. Wallets created within the past 15 days purchased about $591 million worth of USDT over the week, Nansen data shows. The contrasting flows underscore a market divided between established players reducing exposure and fresh participants absorbing supply, even as overall stablecoin issuance remains broadly stable.

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BlackRock, the world’s largest asset manager, looks set to offload Bitcoin and Ethereum following the net daily outflows that the crypto ETFs recorded yesterday. This comes as $2.4 billion in crypto options expire, another development that could trigger market volatility.

BlackRock Moves $270M In BTC, ETH To Coinbase Arkham data shows that the asset manager deposited 2,563 BTC, worth around $173 million, and 49,852 ETH, worth $97 million, to Coinbase. This signals that the firm is looking to offload these coins, especially following the outflows from its crypto ETFs yesterday.

SoSoValue data shows that BlackRock’s Bitcoin saw $164 million in daily net outflows, accounting for almost all the $165.76 million in net outflows that the BTC ETFs as a group recorded. Meanwhile, the firm’s Ethereum ETF saw $96.80 million in net outflows, also accounting for most of the $130.19 million in outflows that the ETH ETFs recorded yesterday.

This continues the institutional outflows from these crypto ETFs, with the BTC ETFs on course to record their fourth consecutive monthly net outflows, with just over $1 billion flowing out of these funds so far this month. The same also applies to the Ethereum ETFs, with $450 million flowing out from these funds so far this month.

The outflows from BlackRock’s and other crypto ETFs come amid Kevin O’Leary’s statement that institutions are currently cautious due to the quantum computing risks. He noted that these institutions are likely to limit their crypto allocations to 3% due to this quantum concern.

Despite the outflows from the Bitcoin funds, Bloomberg analyst Eric Balchunas recently highlighted how they have outperformed since they launched two years ago. He noted that these funds still have a net inflow of $52 billion in two years, beating their prediction of just $5 to $15 billion inflows in the first year.

$2.4 Billion In Crypto Options Set To Expire BlackRock’s BTC and ETH deposits come as $2.4 billion in crypto options expire on Deribit today. $2 billion in BTC options are set to expire with the max pain point at $70,000, while $404 million in ETH options are set to expire with the max pain point at $2,050.

CoinGape reported earlier that signs of a BTC, ETH, XRP, and SOL rebound have emerged amid the short liquidations today. There is the possibility that BTC could recover and hit the max pain price of $70,000 today.

It is worth noting that the PCE inflation data, which is due today, is another factor that could impact the crypto market. Based on Wall Street’s estimates, the inflation data could come in hot at 2.9%, which could trigger a sell-off in the market.

HBAR Knocks on $0.10 Again as Buyers Return—but Resistance Still Holds Prefer us on Google

MFI above 50 signals gradual accumulation building on HBAR momentum.Funding rate volatility reflects fragile trader conviction across derivatives markets.Resistance at $0.1035 continues capping upside breakout attempts near-term.Hedera’s native token, HBAR, is attempting to regain lost ground after weeks of constrained trading. The price recently approached the $0.10 threshold but failed to secure a decisive breakout. Since the beginning of the month, resistance near this level has limited upward progress.

While HBAR briefly reclaimed $0.10, momentum stalled just below a key technical barrier. Traders have adjusted their positioning, though not decisively in favor of sustained upside. 

HBAR Holders Are BuyingThe Money Flow Index, or MFI, indicates that buying pressure is gradually building on HBAR. This volume-weighted momentum indicator measures capital inflows and outflows based on both price and trading volume. Currently, the MFI is positioned above the neutral 50 mark, signaling that buyers are regaining influence.

An MFI reading in positive territory suggests accumulation may be underway. Rising inflows often precede price appreciation, especially when supported by higher trading activity. If this trend continues, HBAR could benefit from sustained accumulation, strengthening the case for a recovery attempt above immediate resistance levels.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

HBAR MFI. Source: TradingViewHedera Traders Remain SkepticalBroader derivatives data offer a mixed but slightly constructive outlook. HBAR’s funding rate is currently skewed toward long positions, indicating that traders are willing to pay a premium to hold bullish contracts. Positive funding rates typically reflect expectations of upward price movement.

However, volatility in the funding rate over the past two weeks highlights lingering uncertainty. Between February 6 and February 11, short contracts dominated open interest, placing downward pressure on HBAR. This dominance quickly reversed, turned positive, and then shifted negative again.

HBAR Funding Rate. Source: CoinglassSuch fluctuations reveal hesitation among leveraged traders. Although short dominance has declined recently, conviction remains fragile. Stable positive funding would strengthen the bullish thesis, but current data suggests sentiment is still reactive to short-term price swings rather than anchored in long-term confidence.

HBAR Price Aims HighHBAR is trading at $0.0992 at the time of writing. The token remains above the $0.0961 support level, which aligns with the 38.2% Fibonacci retracement. Holding this level is technically significant, as it represents a key inflection point for trend continuation.

However, resistance at $0.1035, at the 50% Fibonacci retracement, is capping upward movement and limiting breakout attempts.

A decisive move above $0.1035 would signal a short-term structural shift. Turning this resistance into support could attract fresh demand, particularly if buying pressure continues to rise. 

HBAR Price Analysis. Source: TradingViewThe next target would stand at $0.1109, corresponding to the 61.8% Fibonacci retracement. This level is widely monitored by traders and often acts as a strong support zone once reclaimed.

However, if bullish indicators fail to strengthen, consolidation may persist near current levels. Continued outflows would weaken breakout attempts and reinforce resistance at $0.1035.

A breakdown below the $0.0961 support would shift the short-term structure bearish. In that scenario, HBAR could decline toward $0.0870, invalidating the immediate recovery outlook and restoring stronger control to sellers.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Journalist

Posted: February 20, 2026

AMBCrypto reported that the institutional interest in Ripple [XRP] remained extremely high. It was the second-most inquired asset among advisory assets, revealed Grayscale’s Head of Product and Research, Rayhaneh Sharif-Askary.

At the same time, the high long-term selling pressure in the crypto market was evident in XRP’s price action. Since rallying to $2.41 in the first week of January, XRP has shed 41.35% in 45 days.

The exchange reserve on Upbit was building, and the $0.8 price level was the XRP target later this year. However, compressed liquidity and a rising taker buy volume argued for a short-term bullish bias.

The XRP’s potential for a rally In a post on CryptoQuant Insights, on-chain analyst The Alchemist noted that liquidity conditions can help explain the market trends.

The liquidity USD measures the depth of capital supporting XRP markets. The rally phase in November 2024 saw a significant expansion in USD liquidity, supporting the altcoin’s expansion even higher.

It should be noted that liquidity in the AMM pool is not the cause of the rally, but helps sustain the move. It reflects market conviction. Conversely, the low liquidity conditions in recent weeks have increased the volatility sensitivity, noted the analyst.

The analyst used the reduced token-side availability during the late 2024 rally to demonstrate “reduced active supply”. Yet, it could be that the reduced liquidity was due to the AMM being forced to sell XRP for stablecoins due to the aggressive rally.

The reduced XRP liquidity can make it easier for large buy orders to move prices higher. This indicated that the compression merely reflects the effects of an aggressive rally and the impact seen on the AMM, but might not be a warning of another imminent upward price expansion.

The Open Interest continued its downward spiral. The lack of speculative interest suggested that the bearish XRP trend has not begun to reverse. Swing traders and investors can watch out for increased Open Interest to signal a bullish sentiment shift.

Interestingly, the 7-day moving average of the Taker Buy-Sell Ratio climbed to 1.01 on the 17th of February. The 7SMA going above 1 is a rare occurrence for the token and previously occurred during the early January rally.

Source: XRP/USDT on TradingView

The H4 swing structure has shifted bullishly, and the $1.41 retracement level has been tested as support. There is potential for a relief rally beyond $1.55. Traders can keep an eye on the upward momentum, but remember that the longer-term trend remains bearish.

Final Summary The XRP AMM liquidity conditions during the late 2024 rally had some similarities to current conditions, but an upward price expansion is not guaranteed. The Open Interest trends showed an unenthusiastic speculative trader base, while the price action underlined the potential for a short-term rally.

14h05 ▪ 4 min read ▪ by Ifeoluwa O.

Summarize this article with:

Bitcoin is facing heavy selling pressure, and capital continues to flow out of US spot BTC ETFs. At the same time, fresh data suggests a deeper issue may be unfolding beneath the surface. Market analytics firm Santiment reports that Bitcoin network activity now stands at roughly half of its 2021 level, with both active addresses and new address creation recording steep declines, even as market capitalization climbed to new highs in 2025.

In brief Bitcoin network activity has dropped to about half of its 2021 level with both active and newly created addresses falling sharply. Analysts note that this decline does not signal the end of the crypto market or a prolonged collapse. Bitcoin is showing a rare historical pattern of five consecutive red monthly candles, a situation that has preceded strong rebounds in past cycles. Network Engagement Falls Sharply Santiment’s assessment highlights a marked slowdown in on-chain participation since February 2021. The firm’s data shows that unique Bitcoin addresses conducting transactions have declined by 42% over the past five years. In addition, the number of newly created BTC addresses has dropped by 47% over the same period.

Despite the steep reduction in engagement, Santiment dismissed the idea that the downturn signals the end of the crypto market or the start of a prolonged multi-year collapse. Instead, the platform pointed to a bearish divergence that developed throughout 2025. While overall market capitalizations climbed to fresh peaks, Bitcoin’s underlying usage metrics weakened. That disconnect, according to Santiment’s analysis, reflects cooling utility rather than a complete structural breakdown.

Bitcoin Network Activity Falls Nearly 50% Since 2021 The firm indicated that a convincing long-term recovery would likely require renewed growth in core indicators such as active addresses and overall network expansion. Improvements in those metrics would signal that participation is returning. Although altcoins often take cues from Bitcoin’s broader direction, Santiment noted that individual tokens can still experience independent rallies if their network activity strengthens.

Bitcoin Price Faces Resistance as Liquidity Constraints The decline in network engagement comes as Bitcoin’s price remains under sustained pressure. After reaching a record high of $126,000 in October, the asset has fallen to around $67,000, marking a 46% drop from its all-time high.

On-chain analytics provider Glassnode observed that since early February, repeated efforts to regain the $70,000 level have faltered. Even periods of more than $5 million per hour in net realized profit have been insufficient to support a breakout, with buying demand fading quickly. 

This stands in sharp contrast to the third quarter of 2025, when realized profits surged between $200 million and $350 million per hour during a phase marked by strong optimism. Glassnode further noted that thin liquidity conditions are making a steady return to the $70,000–$80,000 range structurally difficult. Limited depth on both sides of the order book has amplified volatility and hindered recovery attempts.

A Rare Historical Bitcoin Pattern Emerges Amid the downturn, Bitcoin is also flashing a historically rare technical pattern. Crypto analyst Ash Crypto reported that Bitcoin is on track to register its fifth consecutive red monthly candle, marking only the second time this has happened in its history. The first instance occurred during the 2018–2019 bear market.

Following that extended decline, Bitcoin recorded five straight green monthly candles, producing a fourfold price increase. Three of those advances delivered gains exceeding 25%. The historical precedent suggests that prolonged drawdowns have previously been followed by forceful rebounds.

Even so, past cycles do not guarantee similar outcomes. Broader factors—such as regulatory changes, liquidity shifts, and institutional positioning—can alter market trajectories. While extended bearish stretches have historically set the stage for strong recoveries, the timing and magnitude of any rebound remain dependent on evolving macro and structural conditions.

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Ifeoluwa O.

Ifeoluwa specializes in Web3 writing and marketing, with over 5 years of experience creating insightful and strategic content. Beyond this, he trades crypto and is skilled at conducting technical, fundamental, and on-chain analyses.

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.

TL;DR

Price Action: AAVE is holding the $120 demand zone, trading near $123 and recovering from a recent dip while still within a broader corrective trend. RWA Growth: Aave’s Horizon market surpassed $1 billion in real‑world asset deposits, doubling since January and helping push DAO revenue to $142 million in 2025. Market and Governance: Spot and futures volumes softened, but open interest rose, signaling cautious positioning. Governance discussions and Grayscale’s ETF filing highlight expanding institutional access.
AAVE is stabilizing near the $120 demand zone while real‑world asset deposits on Aave’s Horizon market surpass $1 billion, signaling growing institutional engagement. The token trades around $123, up slightly on the day and positioned near the midpoint of its weekly range. Despite a 10% weekly gain, AAVE remains down over the past month, reflecting a broader corrective trend that has persisted since December’s move toward $200.

Market Activity Shows Cautious Positioning Spot activity has cooled, with trading volume slipping to $280 million in the last 24 hours. Derivatives markets show a similar slowdown, as futures volume fell to $274 million. However, open interest rose to $203 million, suggesting traders are building exposure gradually rather than chasing short‑term volatility. This mix of softer volume and rising open interest points to a market preparing for a potential shift in momentum.

The lending protocol announced that real‑world asset deposits have doubled since January, making it the first lending protocol to exceed $1 billion in tokenized RWA collateral. These assets, which include tokenized bonds and treasury‑like products, highlight increasing institutional participation in decentralized finance. The growth has contributed to stronger fundamentals, with Aave DAO revenue reaching $142 million in 2025, surpassing the combined total of the previous three years.

Governance and Institutional Access Expand A proposal titled “Aave Will Win” seeks to direct all revenue from branded products to the DAO treasury while funding Aave Labs to develop Aave V4 and transfer intellectual property to the community. Meanwhile, Grayscale has filed to convert its Aave Trust into an ETF on NYSE Arca, a move that could broaden access for traditional investors if approved.

The token is attempting to hold the $115 to $120 zone after buyers absorbed a recent dip toward $105. The broader structure remains bearish, with a reversal requiring a close above $135 to $140. Indicators show tightening Bollinger Bands and an RSI recovery toward 45. A break above $135 could open targets near $150 to $175, while failure to hold $120 risks a return to $105.

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.

Market structure and on-chain activity are beginning to diverge, in a manner that typically precedes volatility, as XRP enters a new phase. Price action itself is still brittle: XRP is trying to level off after a lengthy bearish trend and a severe breakdown, but it is still trading below significant moving averages, indicating that overall momentum is still weak despite brief recovery attempts.  

XRP at local lowsAlthough volatility has momentarily decreased, and XRP is compressing close to local lows, the market is obviously not yet in a confident recovery phase. Rather, following a sharp drop, the price is moving sideways, which is the kind of situation where derivative positioning usually matters more than spot demand.

XRP/USDT Chart by TradingViewThe recent 1,606% spike in futures flow becomes significant at this point. Instead of organic spot buying, such an increase typically indicates aggressive positioning. A spike in futures activity while the price stays mostly steady indicates that traders are placing a lot of directional bets. Because leveraged positioning causes instability — once one side is squeezed, price tends to accelerate quickly — this raises the likelihood of sharp moves.

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On-chain data shows consistent growthThe fact that there are still a lot of XRP payments going back and forth between accounts indicates that network usage is not declining. The payment volume itself, however, seems more irregular, showing sharp increases and subsequent declines. This pattern suggests short-term spikes in activity rather than consistent growth, which fits with speculative involvement as opposed to long-term accumulation.

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From a practical standpoint, XRP is in a transitional phase. The asset is not entirely being abandoned by the market, but it is also not displaying strong bullish conviction. Uneven on-chain volume and high derivatives activity frequently precede volatility growth, which is not always bullish or bearish but powerful enough to end the current lull.

A ‘major liquidation event’ could push XRP below $1 before a slow, macro‑driven recovery fueled by future Federal Reserve rate cuts.

Market Sentiment:

Bullish Bearish Neutral

Published: February 20, 2026 │ 1:09 PM GMT

Created by Kornelija Poderskytė from DailyCoin

A seasoned crypto market analyst who previously highlighted a major double top in the token’s last bull cycle is now warning that the current downturn may not be over, projecting a possible bottom in the mid‑$0.80 range.

Levi Rietveld’s comments, aimed squarely at long‑term XRP holders, hinge on historical price behavior, key moving averages, and a new wave of geopolitical risk.

Bearish Technicals Point to an $0.85–$0.86 XRP “Worst Case” Zone The host centers much of his analysis on a December 17, 2025 call by trader Peter Brandt, who identified what he described as a “potential double top” in XRP near cycle highs.

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That pattern, drawn across two peaks and a horizontal neckline, was followed by a sharp breakdown and what the host calls the end of the bull run for XRP and “many other cryptocurrencies.”

Levi from Crypto Crusaders also revisits Brandt’s coverage of an earlier “10/10 massive liquidation event,” noting that XRP briefly broke above a trend-line, then crashed, then rebounded—underscoring that even accurate pattern calls can be followed by volatile counter‑moves.

Still, he argues Brandt has “been right many times prior,” and that bearish structures deserve attention.

The more pressing signal, according to Levi, is XRP’s recent loss of its 100‑week moving average, marked as an orange line on his chart. In the 2022 bear market, when XRP first broke below this same indicator around $0.67, it went on to lose roughly 50% of its value, bottoming near $0.32.

Applying that template to the current cycle, he estimates that a similar leg down from the recent breakdown would place XRP “somewhere around $0.86 per coin.” That level, he says, is where he plans to “purchase a lot of XRP.”

Geopolitical Shocks and One More “Major Liquidation Event” Alongside the chart work, the host ties his downside scenario to macro and geopolitical triggers. He cites escalating tensions between Iran and the United States as his primary concern, with potential trade and tariff disputes linked to Donald Trump as a secondary risk that could rattle broader markets and crypto along with them.

Levi anticipates “one more major liquidation event” that could drive XRP to its bear‑market low, likely below $1. In his view, this would be the phase where “most people are going to think crypto is completely done,” before a gradual recovery begins.

For timing a future rebound, he points to U.S. monetary policy: the key bullish catalyst, he says, would be the Federal Reserve cutting interest rates and “the money printer going on,” historically supportive conditions for risk assets like crypto.

Levi Rietveld also highlights another trader, identified as J.D., who previously called a “massive rally” in February 2025 and a 69% crash to roughly$1.11, which the host says he successfully traded for a $20,000 profit in a single day. J.D.’s current “pink box buy zone” for XRP also sits below $1, reinforcing the host’s conviction that sub‑dollar prices are likely before the next leg higher.

For investors, the market connoisseur’s message is cautious but tactical: prepare for the possibility of XRP’s price revisiting the $0.80s, watch geopolitical headlines and Fed policy closely, and recognize that the path to any new bull phase may run through one final flush in a market already deep in bear‑market territory.

Delve into DailyCoin’s hottest crypto news today:
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People Also Ask: How low does the analyst think XRP could go?

He believes a realistic “worst case” bottom is around $0.85–$0.86, based on past behavior around the 100‑week moving average.

What macro events is he watching?

Escalating United States–Iran tensions, potential global tariff and trade conflicts, as well as eventual Federal Reserve rate cuts.

Is the outlook entirely bearish?

Not entirely. Levi expects further downside first, followed by a slow recovery once macro conditions turn more supportive.

Are these exact price targets guaranteed?

The show host stresses probabilities, noting XRP could bottom slightly higher or lower, but sees sub‑$1 levels as highly likely.

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

Market Sentiment

100% Bearish

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Bitcoin's (CRYPTO: BTC) latest pullback is reigniting a familiar warning from one of its most persistent critics. Economist Peter Schiff says the world's largest cryptocurrency could be at risk of a historic collapse if key technical levels fail.

BGD Labs, a core technical contributor to the Aave DeFi protocol, said it will cease its involvement with the Aave DAO after its current service engagement concludes on April 1, ending nearly four years of development and infrastructure work on the lending platform.

In a forum post on Friday, the firm said it is informing the community in advance to ensure a smooth transition, noting it would continue its existing responsibilities — including work on Aave v3, Umbrella, chain expansions, asset onboarding, and security — until the end of its contract. BGD Labs also said it plans to publish documentation and maintenance guidelines to help other contributors take over its projects.

BGD Labs has played a central role in building and maintaining Aave's core infrastructure since its founding in early 2022, leading or contributing to many of the protocol’s core technical subsystems. The firm described Aave v3 as the "crown jewel" of the ecosystem, which it has continuously improved and expanded, and said it helped establish governance infrastructure, operational procedures, and safety mechanisms that underpin the protocol's operation.

The company said it believes Aave's core systems are now in a "very solid and future-proof state," with governance infrastructure that "just works" and can function indefinitely without major changes.

Governance tensions BGD Labs said its departure reflects a broader shift in Aave's organizational and governance environment, particularly as Aave Labs — the startup that originally built the protocol — moves to take a more central role in developing Aave v4 and other initiatives.

Aave Labs recently proposed directing 100% of protocol revenue to the DAO treasury while requesting funding to support its development work, part of a broader restructuring that would also place Aave's intellectual property under a new foundation and prioritize the rollout of Aave v4. The proposal calls for coordination between the DAO and Aave Labs on future development and suggests deprioritizing new feature work on v3, with a gradual wind-down of v3 beginning 8 to 12 months after v4 launches, including measures intended to encourage migration.

BGD Labs said these developments contributed to what it described as an "asymmetric organizational scenario," in which Aave Labs' control of the brand, communications channels, and voting influence creates centralization risks within what it views as a decentralized ecosystem. 

The firm also criticized what it characterized as an adversarial approach toward improving Aave v3 and a lack of meaningful collaboration around v4 development, stating that contributors were asked to advise on v4 without incentives or involvement in its design.

"In summary, we stop contributing because the environment no longer aligns with how we operate and where we see our value," the firm wrote.

Despite its departure, BGD Labs said it would help ensure continuity during the transition. It proposed a two-month optional security retainer from April through June 2026, under which it would remain available to respond to security incidents affecting Aave v3, governance systems, and related infrastructure. The proposed retainer would cost $200,000 and would require approval through a governance vote.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

House Democrats have formally pressed Treasury Secretary Scott Bessent for answers about the Office of the Comptroller of the Currency’s review of World Liberty Financial’s application for a national trust bank charter, raising concerns about foreign ownership, national security, and regulatory independence.

In a letter on Thursday, Rep. Gregory Meeks, the ranking member of the House Foreign Affairs Committee, and other Democratic lawmakers asked Bessent to clarify what safeguards are in place to ensure the OCC’s chartering process is still insulated from political or foreign influence.

World Liberty Financial is a Trump-linked crypto venture seeking a federal trust bank charter to issue stablecoins and provide custody services.

The lawmakers pointed to World Liberty Financial’s ties to President Donald Trump and cited reports of foreign investment in the firm as factors warranting heightened scrutiny. They asked Treasury to detail the extent of any involvement by the White House or the department in the OCC’s review and to explain how potential conflicts of interest are being addressed.

A national trust bank charter, granted by the OCC, would place the company under federal supervision and potentially expand its ability to custody digital assets or provide related services across state lines. The chartering process is typically handled by the OCC, an independent bureau within Treasury.

Mounting pressure The inquiry shifts the focus from public hearing exchanges to a formal, written request for documentation and clarification, placing Treasury under direct pressure to respond on the record.

The scrutiny also follows earlier questioning of Bessent on Capitol Hill over World Liberty Financial and broader concerns about potential conflicts tied to Trump-affiliated crypto ventures. In that exchange, Bessent said Treasury does not have the authority to “bail out bitcoin” and emphasized the department’s limited role in certain regulatory domains.

While this week's letter represents a new escalation in the form of a documented request for answers, the underlying themes are familiar.

Indeed, the request follows a string of Democratic actions tied to the reported 49% UAE stake in World Liberty Financial. Sens. Warren and Kim have demanded a national security review, and Rep. Ro Khanna opened a separate House probe into the $500 million investment, first detailed by the Wall Street Journal.

President Trump has said he was aware of the supposed deal.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Grayscale increased its Cardano (CRYPTO: ADA) allocation in its Smart Contract Fund as the blockchain pushes into Bitcoin DeFi, aiming to bring external Bitcoin (CRYPTO: BTC) liquidity onto Cardano using non-custodial collateral and stable coin-based lending. The Grayscale Allocation Grayscale's Smart Contract Fund holds a mixed bag of smart contract platforms, with the largest positions in Solana (CRYPTO: SOL) and Ethereum (CRYPTO: ETH), followed by Cardano, Avalanche (CRYPTO: AVAX), Hedera (CRYPTO: HBAR), and Sui (CRYPTO: SUI).

A newly created wallet received 7,000 ETH from Binance in two transactions, worth of $13.55M. As per  the data, the wallet currently holds 7,100 ETH, worth $13.74 million. A significant whale activity has surfaced on the Ethereum network, with a sizable transfer from a major exchange. The transaction involved the withdrawal of 7,000 ETH from Binance, which is valued at $13.55 million.

​According to the on-chain tracking platform, Onchain Lens, the Ethereum withdrawals from the binance occurred in two separate transactions. The first transfer involved only 2,000 ETH, which is worth around $3.87 million, and took place roughly one hour before it was reported on the morning of February 20.

​Secondly, on the same day, within about 22 minutes, a second and larger transaction moved approximately 5,000 ETH, worth about  $9.68 million, from the same Binance exchange to the newly created wallet 0xf4aC5a.

Further, the data added that currently that whale wallet is holding 7,100 ETH, which is also worth of $13.74 million. As the large withdrawals from centralized exchanges have historically been seen positively, because these assets mostly have a lower chance of being sold right away when they are removed from exchanges.

​Ethereum Market Movements The transfers comes as Ethereum price trades lower with 0.29% down in the last 24 hours,  is trading at $1, 966.52, with a weekly high of 0.34%, and the 24-hour trading volume is also down over 5%, as of writing the article, in borader sense, ETH is still weak, as it trades down over 33% from the last month. In addition, ETH is now 60.28% down from its ATH of $4,953.73, which was recorded on August 25, 2025.
​Meanwhile, institutional interest in Ethereum appears muted, according to the SoSoValue data, where U.S.listed spot Ethereum exchange-traded funds recorded $130.19 million in outflows, marking its second day of outflows this week, but the cumulative total net inflow stands at $11.52 billion.  Also, on the fundamentals side, Ethereum has released its protocol priorities for  2026, and the upcoming Glamsterdam upgrade is planned for the first half of 2026.

Highlighted Crypto News:

CME Group to Roll Out 24/7 Crypto Derivatives Trading

Altcoin season signals are beginning to flash again, with multiple market observers pointing to structural breakouts that typically preceded outsized rallies across the broader crypto market.

Entrepreneur and analyst  Mark Chadwick highlighted four years of tightening price compression in the altcoin market, noting that the structure has now broken to the upside. The setup resembles the shift seen in 2021, when altcoins delivered widespread 10x to 100x gains.

This time, the falling wedge formation is even larger, suggesting greater built-up pressure and the potential for a more forceful expansion phase. In the analyst’s view, the question is no longer whether rotation will occur, but when momentum will fully ignite.

Furthermore, the on-chain and research platform, Crypto Patel, pointed to the ALTS versus BTC dominance chart, which continues to respect a long-term ascending channel. Similar structures in 2018 and 2021 preceded explosive altcoin advances.

The analytics platform argues that 2026 could see the most significant breakout yet, driven by the recurring cycle of capital rotating out of Bitcoin and into higher beta assets. According to this thesis, early positioning during periods of scepticism historically offered asymmetric upside once retail participation accelerated.

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Despite the growing optimism, CoinMarketCap’s Altcoin Season Index currently reads 34 out of 100, firmly in Bitcoin Season territory. The index was at 32 yesterday, 27 last week, and 24 last month, indicating gradual improvement but not a confirmed rotation. Meanwhile, the yearly high reached 78 on September 20, 2025, while the low of 12 was recorded on April 26, 2025.

Performance dispersion is already visible. Over the past 90 days, PIPPIN surged 2,074.46%, while KITE gained 131.90% and CC rose 53.73%. Other notable performers include H, SKY, and CHZ, alongside more modest advances in PAXG, XAUT, ZRO, BCH, and JST.

CoinMarketCap’s altcoin index data suggests early capital movement, although broader confirmation is pending.

Re-Assaying up to 36,614m of historic drilling to accelerate development and save Temas approximately $40 million in future drilling costs

Highlights

Preliminary indications from historical data review suggest potential for gallium, scandium and chromium at La Blache.

181 historic holes (36,614m) will be re-evaluated for iron, titanium, vanadium, chromium, gallium, scandium and other Rare Earth Elements ("REE") potential.

Re-utilising historic drill core is expected to save ~$40 million and several years of development time, by replacing the need for additional drilling.

Historic and recent drill core will support the development of Temas' patented Regenerative Chloride

Leach ("RCL") technology, targeting up to 65% cost reductions and enhanced recovery across critical metals, with initial test results expected in early CY2026.

Temas' 100% owned RCL technology platform comprises 11 granted process patents, covering the extraction of multiple metals, including but not limited to gold, silver, titanium, nickel, cobalt, copper and REEs.

Results will support an updated Mineral Resource Estimate and a re-stated Scoping Study, incorporating additional Measured & Indicated material and new payable metals.

Mr. Tim Fernback, Temas Chief Executive Officer commented:

"Prior to our involvement on the La Blache project, previous operators drilled approximately 36,614 m of NQ sized drill core on the Farrell Taylor, Hervieux East and Hervieux West resources. In December of last year, we repatriated this drill core from the field, moved it to our secure storage facility in La Baie, Quebec with the intention to re-assay this material at ALS labs in Val-d'Or using a fusion protocol to achieve very accurate whole rock and trace metal grades for all elements of interest.

Historic drilling on the Hervieux East and Hervieux West resources were only assayed for three metals (Ti, V and Fe) in the past using 3-acid and 4-acid digestion protocols. Our recent drilling on La Blache has shown additional pay metals, including material amounts of scandium, gallium and chromium on site. By incurring the cost to re-assaying this previously drilled core, and not having to re-drill the project, this will save the company over $40 million through avoidance of future drilling costs . This re-assaying also materially reduces our development time by several years while significantly accelerating our path towards a new mineral resource estimate, a new property-wide scoping study, a PFS and finally a full feasibility. An extremely valuable savings to our shareholders.

Furthermore, the results of this re-assay work will allow us to restate our Scoping Study on the La Blache resource with an additional 30 million tons of Measured & Indicated TiO 2 resource, and include those valuable pay metals of gallium, scandium and chromium."

VANCOUVER, BC / ACCESS Newswire / February 20, 2026 / (ASX:TIO)(CSE:TMAS)(OTCQB:TMASF)(FSE:26P0) is pleased to announce that it has completed re-logging of 36,614m of historic drill core from its Farrell Taylor, Hervieux West and Hervieux East deposits, and has commenced shipment of samples to ALS Assay Lab in Montreal Quebec. The detailed process of re-logging and re-assaying will occur over the coming months, with results to be released progressively as they are received and validated, supporting resource growth, metallurgical optimization and economic evaluation at La Blache.

Management expects this program to support a re-stated Scoping Study / Preliminary Economic Analysis under JORC for La Blache. This re-stated work will not only include the additional historic measured & indicated resource at Hervieux West and Hervieux East but will also include the results of adding the newly assayed Gallium, Scandium and Chromium pay minerals at La Blache.

Deposit

43-101 Resource

Strip Ratio

Density

Tonnage

TiO 2 %

V 2 O 5 %

Fe 2 O 3 %

Hervieux West MO

Measured & Indicated

1.95

4.55

19,470,000

18.8

0.46

62.88

Inferred

4.55

4,700,000

18.63

0.48

61.99

Hervieux East MO

Measured & Indicated

2.60 - 3.49

4.57

12,801,000

18.48

0.43

62.94

Inferred

4.51

9,883,000

18.23

0.41

62.09

Farrell Taylor MO

Inferred

3.51

4.42

108,800,000

17.83

0.32

59.20

Farrell Taylor SMO

Inferred

3.28

99,700,000

6.26

0.07

21.98

Figure 1 - Resource Estimates at La Blache - taken from the Company's current corporate presentation lodged with the ASX on February 18, 2026.

With drilling now complete, Temas will undertake a comprehensive drill core analysis and assay program to refine its geological model and advance metallurgical testwork for its proprietary Regenerative Chloride Leach ("RCL") platform technology.

Figure 2: Temas Team in La Baie, Quebec re-logging historic core and prepping for re-assay at ALS Montreal

David Caldwell, Chief Operating Officer, of Temas commented:

"La Blache and Lac Brule hold compelling multi-element potential, and integrating our proprietary RCL processing technology into our development work enhances the long-term value of both projects. Early observations of Gallium and Scandium alongside Titanium and Vanadium broaden potential revenue streams and provide additional datasets to inform our RCL advancement."

"Drill core from the current and historic programs at La Blache totals over 47,500 m, and this rock will be used to further refine RCL technology development, and allow Temas to include the recovery of Gallium, Scandium and Chromium to the RCL Intellectual Property Portfolio. The 36,000 m plus of drill core that we recently repatriated from the field, will begin to be assay tested starting this month, with initial results anticipated starting in March and April 2026. In conjunction with this assay work, additional testing of this material using RCL to investigate the production of commercial grades of Gallium , Scandium and Chromium will be completed at Temas over CY2026, with results being released throughout the year."

PREVIOUS ASSAY RESULTS ( 2022 DRILLING PROGRAM ) AT LA BLACHE

Figure 3: Assay results from LB-22-07 Massive Oxide (~87 m True Thickness)

All data shown in Figure 1 were previously disclosed in the Company's Prospectus dated 29 August 2025 and Company news release of November 27, 2025.

RCL Platform Overview

RCL is an innovative, advanced hydrometallurgical platform designed for the efficient extraction of metals from complex mineralisation, concentrates, slags and tailings in an environmentally responsible manner.

Key attributes of the RCL platform include:

Ability to process low-quality feedstocks and render high-value end products,

Atmospheric pressure and lower-temperature operation relative to conventional chloride or sulphide routes,

Closed-loop reagent recycling delivering materially lower operating costs and reduced environmental footprint, and

Enhance the recovery of critical metals, battery metals, platinum group minerals, precious and base metals and rare earth elements.

- ENDS -

Approved for Release by the Board of Directors

For further information, contact:

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Foreign Resource Cautionary Statements

Details regarding the foreign resource estimate, project details and associated exploration results are set out in the Company's Prospectus. The Company confirms that it is not aware of any new information or data that materially affects the information included in the La Blache Project description in the Prospectus. The Company confirms that all material assumptions and technical parameters underpinning the foreign resource estimate and exploration results in this original Prospectus continue to apply and have not materially changed. The estimates of the quantity and grade of mineralisation for the La Blache Project referred to in this document and set out in the La Blache Project in the Prospectus are "foreign estimates" within the meaning of the ASX listing rules and are not reported in accordance with the JORC Code 2012. A competent person has not undertaken sufficient work to classify the foreign estimates as mineral resources in accordance with the JORC Code 2012. It is uncertain that following evaluation and further exploration work that the foreign estimates will be able to be reported as mineral resources in accordance with the JORC Code.

Foreign Resource Cautionary Statements

Details regarding the foreign mineral resource estimate, project details and associated exploration results are set out in the Company's Prospectus dated 29 August 2025 (the "Prospectus"). The Company confirms that it is not aware of any new information or data that materially affects the information included in the La Blache Project description in the Prospectus. The Prospectus is available on the Company's website at www.temasresources.com/investors or through the ASX platform under announcement dated 15 July 2025 .

The Company confirms that it is not aware of any new information or data that materially affects the information included in the La Blache Project description in the Prospectus. The Company confirms that all material assumptions and technical parameters underpinning the foreign resource estimate and exploration results in this original Prospectus continue to apply and have not materially changed. The estimates of the quantity and grade of mineralisation for the La Blache Project are set out in the La Blache Project in the Prospectus and are "foreign estimates" within the meaning of the ASX listing rules and are not reported in accordance with the JORC Code 2012. A competent person has not undertaken sufficient work to classify the foreign estimates as mineral resources in accordance with the JORC Code 2012. It is uncertain that following evaluation and further exploration work that the foreign estimates will be able to be reported as mineral resources in accordance with the JORC Code.

Disclaimer

No representations or warranty, express or implied, is made by the Company that the material contained in this announcement will be achieved or proved correct. Except for the statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisors, and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this announcement and excludes all liability whatsoever (including in negligence) for an loss or damage which may be suffered by any person as a consequence of any information in this announcement or any effort or omission therefrom. The Company will not update of keep current the information contained in this announcement or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the announcement are subject to change without notice.

Competent Person's / Qualified Person's Statement

The information in this announcement that relates to Exploration Results and Mineral Resources for the La Blache and Lac Brûlé Titanium-Vanadium Projects in Québec, Canada, is based on, and fairly represents, information and supporting documentation prepared and compiled by Mr Blake Collins, BSc (Hons), MAIG, and Principal Consultant of Head Exploration Pty Ltd.

Mr Collins is a Member of the Australasian Institute of Geosciences (MAIG). He has sufficient experience that is relevant to the style of mineralisation, the type of deposit under consideration, and the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012) and as a Qualified Person as defined by NI43-101.

Mr Collins is the Principal Consultant of Head Exploration Pty Ltd, which provides independent geological and technical advisory services to Temas Resources Corp. He has reviewed the information presented in this announcement and consents to the inclusion in the report of the matters based on his information in the form and context in which they appear. Head Exploration Pty Ltd as an independent geological and technical consultancy and has no direct or indirect interest in Temas Resources Corp.

ABOUT TEMAS RESOURCES

Revolutionizing Metal Production
Proprietary IP. Global Licensing. Titanium & Critical Minerals.

Temas Resources Corp. (ASX:TIO)(CSE:TMAS)(OTCQB:TMASF)(FRA:26P0) is a technology-driven critical minerals company advancing a dual-business model built around proprietary processing innovation and strategic mineral ownership. The Company's patented Regenerative Chloride Leach (RCL) technology platform delivers significant operational cost reductions - validated at up to 65% lower than traditional processing - while dramatically reducing energy use and environmental impact.

Temas' RCL process is the foundation of its technology licensing and partnership business, enabling global mining and materials companies to adopt sustainable, high-margin metal extraction methods across a range of critical minerals including titanium, vanadium, nickel, and rare earth elements.

Complementing its technology division, Temas also owns 100% of two advanced titanium-vanadium-iron projects in Québec, Canada - La Blache and Lac Brûlé - which are strategically positioned to feed directly into the Company's proprietary processing platform, creating a fully integrated mine-to-market supply chain for Western metals.

Through this combination of innovative IP commercialization and resource ownership, Temas Resources is positioned to deliver scalable, low-carbon solutions that strengthen Western critical-mineral independence and create long-term value for shareholders.

Benefits the ORF - RCL Technology:

The RCL platform technology involves the hydrometallurgical mineral extraction of concentrates, whole ores, slags and tailings to enhance recovery of critical metals, battery metals, Platinum Group Minerals ("PGMs"), precious and base metals and Rare Earth Element ("REE") recovery at materially higher through-yields and lower capital and operating costs than many of the conventional approaches that are in use traditionally. This novel RCL technology is ideally suited to treat increasingly complex ores in an environmentally sensitive manner.

Pilot Testing Complete: The Company has completed a pilot test of approximately 1 ton of material from its La Blache TiO 2 mineral property yielding 88 kgs of a 99.8% pure TiO 2 commercial grade product. 1

Validated Cost Reduction: A significant cost reduction of over 65% 2 is validated for TiO 2 processing using the RCL platform technology (e.g., reagent recycling, potentially lower energy use, optimized recovery etc.). These fundamental process efficiencies are expected to translate into economic advantages when applying the platform to Nickel or other target minerals hosted in complex ores.

Environmental Performance: The closed-loop design and high reagent recycling rates are core to the RCL platform, irrespective of the target mineral. Over 69% lower operating costs compared to conventional processing due to its core features operating at near ambient temperatures. 3 This means the reduced environmental footprint and enhanced ESG profile are benefits that extend to ores and minerals previously noted, not just TiO 2 .

High Recovery Potential: Just as we've demonstrated high-quality, 99.8% TiO 2 product from pilot testing1 the RCL platform is engineered for high recovery and purity of all target metals. Our metallurgical expertise focuses on optimizing these recoveries and maximizing margins for each specific mineral.

RCL results in a quicker and more complete liberation of the target metals using atmospheric pressure and lower temperatures than competing methods and improves the selectivity and efficiency of subsequent solvent extraction steps. Management believes that this novel metallurgical process can be applied to many complex resource deposits worldwide, enhancing both extraction and recovery for the operator.

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Cautionary Note Regarding Forward-Looking Statements

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

ASX Compliance Statement

This announcement relates solely to metallurgical test work undertaken on previously collected samples. No new exploration results are reported. The metallurgical results are based on laboratory and pilot-scale test work and are indicative only. Further work is required to confirm performance at commercial scale.

1 Source: Temas Resources Corp. "Pilot Scale Evaluation of Temas La Blache Ilmenite - Final Report PRO 21-16," 24 June 2022

2 These metallurgical test results and cost-reduction data were first reported in the Company's Canadian market announcement dated 13 April 2021, titled "Temas Resources Acquires 50 % of Green Mineral Process Developer ORF Technologies Inc."

3 The cost-reduction figure is supported by independent evaluation conducted by the Natural Resources Research Institute (University of Minnesota, 2017) and subsequent pilot-scale validation by ORF Technologies Inc., as detailed in Temas Resources news releases of 2021 and 2022.

SOURCE: Temas Resources Corp.