Market Signal Briefing

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NEW YORK--(BUSINESS WIRE)--The sub-adviser of BNY Mellon High Yield Strategies Fund (NYSE: DHF), Alcentra NY, LLC, has changed its name to BSP NY LLC. Accordingly, effective immediately, all references to Alcentra NY, LLC and Alcentra in the fund’s documentation are replaced with BSP NY LLC and BSP, respectively.

Important Information

BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.2 trillion in assets under management as of December 31, 2025. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.

BNY Investments is a division of BNY, which has $59.3 trillion in assets under custody and/or administration as of December 31, 2025. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective.

This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.

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NEW YORK, Feb. 03, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Richtech Robotics Inc. (NASDAQ: RR) between January 27, 2026 and 12:00 PM ET on January 29, 2026, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2026 in the securities class action first filed by the Firm.

SO WHAT: If you purchased Richtech Robotics securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Richtech Robotics class action, go to https://rosenlegal.com/submit-form/?case_id=51742 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Richtech claimed that it had a collaborative and commercial relationship with Microsoft when it did not; and (2) as a result, defendants’ statements about Richtech’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Richtech Robotics class action, go to https://rosenlegal.com/submit-form/?case_id=51742 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to BellRing Brands, Inc. ("BellRing " or the Company") (NYSE: BRBR) have opportunity to lead the securities fraud class action lawsuit.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN BELLRING BRANDS, INC. (BRBR), CLICK HERE BEFORE MARCH 23, 2026 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

What Is The Lawsuit About?
The complaint filed alleges that, between November 19, 2024 and August 4, 2025, Defendants failed to disclose to investors that: (1) contrary to Defendants' repeated representations, their strong sales results did not reflect increased end-consumer demand or brand momentum; (2) instead, customers accumulated excess inventory as a safeguard against product shortages that had previously constrained BellRing's supply; (3) Once customers gained confidence that product shortages were a thing of the past, they promptly reduced their inventory by selling through existing products and cutting back on new orders; (4) Following the destocking, the Company admitted that competitive pressures were materially weakening demand; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

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

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

Q2: 2026-02-03 Earnings SummaryEPS of $1.59 beats by $0.23

 |

Revenue of

$1.71B

(7.85% Y/Y)

beats by $109.17M

Broadridge Financial Solutions, Inc. (BR) Q2 2026 Earnings Call February 3, 2026 8:30 AM EST

Company Participants

W. Thibault - Head of Investor Relations & Corporate Communications
Timothy Gokey - CEO, Executive Officer & Executive Director
Ashima Ghei - Corporate VP, Executive Officer & Chief Finance Officer

Conference Call Participants

Alex Kramm - UBS Investment Bank, Research Division
Patrick O'Shaughnessy - Raymond James & Associates, Inc., Research Division
Michael Infante - Morgan Stanley, Research Division
Kyle Peterson - Needham & Company, LLC, Research Division
Matthew Roswell - RBC Capital Markets, Research Division

Presentation

Operator

Good morning, and welcome to the Broadridge Fiscal Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Edings Thibault, Head of Investor Relations and Corporate Communications. Please go ahead.

W. Thibault
Head of Investor Relations & Corporate Communications

Thank you, Drew, and good morning, everybody. Welcome to Broadridge's Second Quarter Fiscal Year 2026 Earnings Conference Call. Our earnings release and the slides that accompany this call may be found on the Investor Relations section of broadridge.com. Joining me on the call this morning are Tim Gokey, our Chief Executive Officer; and our Chief Financial Officer, Ashima Ghei.

Before I turn the call over to Tim, I want to make a few standard reminders. One, we will be making forward-looking statements on today's call regarding Broadridge that involve risks. A summary of these risks can be found on the second page of the slides and a more complete description on our annual report, Form 10-K.

Two, we'll also be referring to several non-GAAP measures, which we believe provide investors with a more complete understanding of Broadridge's underlying operating results. An explanation of these non-GAAP measures and reconciliations to the comparable GAAP measures can be found in the earnings

Q3: 2026-02-03 Earnings SummaryEPS of $0.81 beats by $0.03

 |

Revenue of

$1.03B

(-18.72% Y/Y)

beats by $21.89M

Capri Holdings Limited (CPRI) Q3 2026 Earnings Call February 3, 2026 8:30 AM EST

Company Participants

Jennifer Davis - Vice President of Investor Relations
John Idol - Chairman & CEO
Rajal Mehta - Interim Chief Financial Officer

Conference Call Participants

Matthew Boss - JPMorgan Chase & Co, Research Division
Simeon Siegel - Guggenheim Securities, LLC, Research Division
Brooke Roach - Goldman Sachs Group, Inc., Research Division
Adrienne Yih-Tennant - Barclays Bank PLC, Research Division
Oliver Chen - TD Cowen, Research Division
Paul Lejuez - Citigroup Inc., Research Division
Rakesh Patel - Raymond James & Associates, Inc., Research Division
Jay Sole - UBS Investment Bank, Research Division
Robert Drbul - BTIG, LLC, Research Division
Aneesha Sherman - Bernstein Institutional Services LLC, Research Division

Presentation

Operator

Greetings, and welcome to the Capri Holdings Limited Third Quarter Fiscal 2026 Financial Results Call. [Operator Instructions] As a reminder, this conference is being recorded.

I'd now like to turn the conference over to your host, Jennifer Davis, Vice President of Investor Relations. Thank you. You may begin.

Jennifer Davis
Vice President of Investor Relations

Good morning, everyone, and thank you for joining us on Capri Holdings Limited Third Quarter Fiscal 2026 Conference Call. With me this morning are Chairman and Chief Executive Officer, John Idol; and interim Chief Financial Officer, Raj Mehta.

Before we begin, let me remind you that certain statements made on today's call may constitute forward-looking statements, which are subject to risks and uncertainties that could cause actual results to differ from those we expect. Those risks and uncertainties are described in today's press release and in the company's SEC filings, which are available on the company's website. Investors should not assume that the statements made during this call will remain operative at a later time, and the company undertakes no obligation to update any information discussed on today's call.

Unless

, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Ardent Health, Inc. ("Ardent" or the "Company") (NYSE: ARDT) have opportunity to lead the securities fraud class action lawsuit.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ARDENT HEALTH, INC. (ARDT), CLICK HERE BEFORE MARCH 9, 2026 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

What Is The Lawsuit About?
The complaint filed alleges that, between July 18, 2024 and November 12, 2025, Defendants failed to disclose to investors that: (1) Ardent did not primarily rely on "detailed reviews of historical collections" in determining collectability of accounts receivable nor did "management determine . . . [when an] account is uncollectible."; (2) the Company's accounts receivable framework "utilized a 180-day cliff at which time an account became fully reserved," which allowed Ardent to report higher amounts of accounts receivable during the Class Period, and delay recognizing losses on uncollectable accounts; (3) Ardent did not maintain professional malpractice liability insurance in amounts "sufficient to cover claims arising out of [its] operations"; (4) Ardent's professional liability reserves were insufficient to cover "significant social inflationary pressure in medical malpractice cases the past several years," which had been an "increasing dynamic year-over-year" in the Company's New Mexico market; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz, 
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

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

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to agilon health, inc. ("agilon" or the "Company") (NYSE: AGL) have opportunity to lead the securities fraud class action lawsuit.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN AGILON HEALTH, INC. (AGL), CLICK HERE BEFORE MARCH 2, 2026 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

What Is The Lawsuit About?
The complaint filed alleges that, between February 26, 2025 and August 4, 2025, Defendants failed to disclose to investors that: (1) Defendants recklessly issued guidance for 2025 that they knew or should have known was not going to be achieved, given material industry headwinds of which they were aware; (2) Defendants materially overstated the immediate positive financial impact from "strategic actions" taken by agilon to reduce risk; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

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

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

PepsiCo (PEP - Free Report) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.24 per share. This compares to earnings of $1.96 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.09%. A quarter ago, it was expected that this food and beverage company would post earnings of $2.27 per share when it actually produced earnings of $2.29, delivering a surprise of +0.88%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

PepsiCo, which belongs to the Zacks Beverages - Soft drinks industry, posted revenues of $29.34 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.18%. This compares to year-ago revenues of $27.78 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

PepsiCo shares have added about 8.1% since the beginning of the year versus the S&P 500's gain of 1.9%.

What's Next for PepsiCo?While PepsiCo has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for PepsiCo was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.58 on $18.84 billion in revenues for the coming quarter and $8.55 on $97.21 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Beverages - Soft drinks is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Coca-Cola (KO - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2025. The results are expected to be released on February 10.

This world's largest beverage maker is expected to post quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of +1.8%. The consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days to the current level.

Coca-Cola's revenues are expected to be $12.05 billion, up 4.4% from the year-ago quarter.

, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Integer Holdings Corporation ("Integer" or the "Company") (NYSE: ITGR) have opportunity to lead the securities fraud class action lawsuit.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN INTEGER HOLDINGS CORPORATION (ITGR), CLICK HERE BEFORE FEBRUARY 9, 2026 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

What Is The Lawsuit About?
The complaint filed alleges that, between July 25, 2024 and October 22, 2025, Defendants failed to disclose to investors that: (1) Integer materially overstated its competitive position within the growing EP manufacturing market; (2) despite Integer's claims of strong visibility into customer demand, the Company was experiencing a sustained deterioration in sales relating to two of its EP devices; (3) in turn, Integer mischaracterized its EP devices as a long-term growth driver for the Company's C&V segment; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

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

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

Archer-Daniels-Midland Company (ADM) Q4 2025 Earnings Call Transcript

HBAR’s latest move is dismissed by one independent analyst as a classic “dead cat” bounce rather than a new uptrend.

Market Sentiment:

Bullish Bearish Neutral

Published: February 3, 2026 │ 6:35 PM GMT

Created by Kornelija Poderskytė from DailyCoin

An independent market analyst tracking Hedera’s HBAR says the recent move higher still shows “no indication that a meaningful low has formed,” warning that the current recovery looks more like a dead cat bounce than the start of a new uptrend. The update focuses on weak buying interest, fragile support, and the need for a clearly impulsive rally before any bullish narrative can be taken seriously.

Weak Reaction From Support, Corrective Bounce In PlayThe analyst notes that HBAR is reacting from a previously flagged “weak support area” between $0.08 and $0.088, but describes the move up as “clearly not impulsive.” In crypto, they argue, genuine bottoms tend to reveal themselves quickly through sharp, aggressive upside. That behavior is missing here.

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For now, the advance is labeled as a three-wave corrective structure (an ABC pattern), likely part of a broader wave 4 correction within a still-intact downtrend. The analyst stresses that in corrective phases “any wave count is very temporary, very tentative,” so the exact sub-structure matters less than the purpose of the move: it appears to be a counter-trend bounce, not a trend reversal.

Resistance Levels Stacked Above; Another Low Coming?Upside resistance remains firmly in place. The analyst highlights the next key barriers at $0.096, $0.10, and $0.105, along with a yellow structural trendline overhead that continues to cap price. As long as HBAR trades below these areas, “the focus can be on lower prices.”

To even start considering that a durable low is in, the analyst says they would need to see a clear five-wave impulsive move higher that pushes the price above $0.105 and then breaks through the descending yellow trendline. Until that happens, “another low is expected.”

On the downside, $0.08 is cited as the next support, with an additional reference to the October 10 low around $0.073 on the Binance chart as a key level worth watching, even if structural support there is uncertain.

Patience, the analyst suggests, remains the better strategy while the bulls “have a lot more work” to prove a bottom has been set.

For crypto investors, the message is straightforward: short-term bounces in HBAR may be tradable, but without a strong impulsive break above $0.105 and the main trendline, the broader risk still tilts toward new lows rather than a confirmed trend reversal.

Discover DailyCoin’s hottest crypto news today:
Ripple Wins Full E‑Money License in Luxembourg as “E‑Files” Stir XRP Debate
HBAR Tops LINK, XLM & AVAX In a Booming $24B RWA Market

People Also Ask:Is HBAR’s current rally a confirmed trend reversal?

According to the analyst, no. The move looks corrective and lacks the impulsive strength typically seen at major bottoms.

What price levels are critical for HBAR bulls?

A sustained five-wave move above $0.105 and a break of the main descending trendline are seen as minimum requirements to argue a low is in.

Where is the next major support if HBAR drops again?

The analyst points to the $0.08 area and the October 10 low near $0.073 on the Binance chart as important downside reference points.

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

Market Sentiment

0% Neutral

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.

TL;DR

Vitalik Buterin recognized that the rollup-based scaling plan advanced much slower than expected and that many Layer 2 networks remain centralized. He proposed a new direction that strengthens the Ethereum base layer while redefining the role of L2 solutions. The debate highlights a broader pro-crypto discussion about how Ethereum can scale without losing decentralization or innovation.
Ethereum cofounder Vitalik Buterin signals that the model guiding development for years requires adjustments. He stated that L2 decentralization progressed far slower than early projections while the Ethereum base layer delivered concrete upgrades. The comments mark a shift in how the ecosystem views its future growth.

There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts:

* L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected
* L1 itself is scaling,…

— vitalik.eth (@VitalikButerin) February 3, 2026

The original roadmap expected rollups to handle most transactions and later settle on Ethereum. That structure promised lower fees and higher capacity without weakening the security of the main chain. The market evolved in another way. Dozens of rollups launched, yet only a few reached real governance independence. At the same time, developers improved Ethereum with better data availability, blob enhancements and research on native ZK-EVM proofs.

Competition from other blockchains influenced the review. Solana and similar networks promoted integrated scaling and questioned fragmentation. Those arguments gained attention through 2024 and 2025 and pushed Ethereum researchers to reconsider priorities. Buterin now describes L2 systems as a broad spectrum of tools with different levels of connection to Ethereum rather than uniform shards.

Ethereum Rollup Strategy And The New Direction The updated vision keeps rollups at the center but introduces stricter expectations. Buterin argued that every serious L2 should reach at least Stage 1 decentralization, where fault proofs operate without a single company controlling upgrades. Networks that remain below that level would resemble independent chains linked by bridges instead of true extensions of Ethereum.

Several factors slowed the transition. Some operators fear that full automation could create regulatory exposure or technical risk. Others prefer to protect business models before opening governance. Even with those concerns, many teams continue to build permissionless sequencers and open proving systems that align with Ethereum values.

Base Layer Innovation Gains Weight Advances on Ethereum itself changed the balance of power. PeerDAS and blob improvements expanded throughput, and enshrined ZK-EVM verification offered a path to scale directly on Layer 1. These steps reduced the need to rely only on external networks.

The discussion preserves a pro-crypto outlook on modular design. Buterin noted that specialized L2 platforms can still provide privacy features, non-EVM environments and ultra-low latency services that the base chain may not target. Builders read the message as an invitation to compete through technology rather than branding.

Hyperliquid (HYPE) Jumps 76% in 2 Weeks as HIP-4 Launch Nears — Is More Upside Left?HYPE rallies on anticipation of Hyperliquid HIP four launch and new contracts.Low social dominance and strong longs support sustained upside momentum.HYPE targets $42 and $47 as steps toward $59 all time high.Hyperliquid has recorded a sharp price surge as anticipation builds around the launch of HIP-4. HYPE has rallied strongly in recent sessions, driven by interest in fully collateralized outcome contracts. 

These contracts settle within fixed price ranges and cap gains and losses. The design suits prediction markets and options-style DeFi strategies. While optimism is rising, demand has not yet peaked.

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Hyperliquid’s HIP-4 Impact Yet To Be Reflected In PriceDespite HYPE’s strong performance, social dominance remains relatively muted. Data shows limited discussion compared with similar price outliers.

This suggests the rally has not attracted broad retail attention. Lower social exposure often reduces the risk of overcrowded positioning, which can support trend sustainability during volatile market phases.

Another factor appears to be trader fatigue. Many market participants remain cautious after repeated single-asset pumps during a broader bear cycle. Additionally, HIP-4 developments have not fully reached mainstream crypto audiences.

This delayed awareness is preventing excessive speculation and helping HYPE avoid entering overbought territory.

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

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HYPE Social Volume. Source: SantimentDerivatives data highlights strong bullish exposure in the futures market. Liquidation maps show a clear dominance of long positions. Long-side liquidations stand near $3.86 million, while short liquidations total just $93,700. This imbalance reflects confident positioning among traders expecting continued upside.

Such skewed exposure often fuels momentum during rising trends. As the price climbs, HYPE shorts are forced to cover, reinforcing upward pressure. However, risk remains concentrated.

The largest liquidation cluster sits near $26. A move toward that level would trigger $3.86 million liquidation, challenging bullish structure and weakening confidence across leveraged positions.

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HYPE Liquidation Map. Source; CoinglassHYPE Price Could Charge Towards ATHHYPE price is trading near $36 at the time of writing. The token gained almost 20% in the last 24 hours. This move builds on a 76% rally over the past two weeks.

The acceleration reflects strong demand and growing interest in Hyperliquid’s upcoming protocol changes.

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The rally has largely been driven by anticipation rather than post-launch speculation. This dynamic suggests upside may persist following the HIP-4 rollout. Investor inflows remain strong, and there is no clear evidence of distribution. If broader market conditions stabilize, HYPE could extend gains further.

HYPE CMF. Source: TradingViewFrom current levels, HYPE remains 60.5% below its all-time high of $59. Recent momentum suggests this gap could narrow quickly. Short-term targets include reclaiming $42 and $47 as support. Holding these levels would confirm trend strength and keep the ATH within reach.

HYPE Price Analysis. Source: TradingViewHowever, downside risk remains if sentiment shifts or momentum weakens. A loss of the $30 support would expose HYPE to deeper declines. Under that scenario, the price could fall toward $26. A breakdown at that level would invalidate the bullish thesis and trigger large-scale liquidations.

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.

TLDR Vitalik Buterin reassesses Ethereum’s Layer 2 scaling vision in light of faster-than-expected base layer growth. Buterin emphasizes that Ethereum’s Layer 2 networks have not achieved the full decentralization once envisioned. Leading rollups such as Optimism and Arbitrum have made progress but still face challenges in trustless execution and cross-chain interoperability. The original concept of Ethereum scaling with L2 rollups may no longer align with the network’s evolving needs. Vitalik Buterin advocates for more focus on native rollups and tighter integration of ZK-EVM technology into Ethereum’s base layer. Vitalik Buterin, Ethereum’s co-founder, is reassessing Ethereum’s Layer 2 (L2) scaling vision. His recent comments on X reflect concerns over the slow progress of decentralization in L2 networks. As Ethereum’s base layer scales, Buterin suggests that the framework positioning L2 rollups as quasi-native shards no longer aligns with the network’s current trajectory.

Vitalik Buterin Reassesses Ethereum’s L2 Scaling Approach In a shift from previous views, Vitalik Buterin has called for a reevaluation of Ethereum’s L2 scaling plans. Ethereum’s Layer 1 has grown faster than expected, while L2 decentralization has lagged. Buterin emphasized that L2s have not fully reached the decentralized “Stage 2” model once envisioned for Ethereum scaling.

There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts:

* L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected
* L1 itself is scaling,…

— vitalik.eth (@VitalikButerin) February 3, 2026

L2 networks, such as Optimism and Arbitrum, have achieved milestones but still face challenges. They trail in achieving full decentralization and cross-chain interoperability. Buterin’s reassessment highlights these shortcomings and questions whether L2s can fulfill their intended promise of scaling Ethereum.

Ethereum L2 Struggles to Meet Expectations The original vision for Ethereum L2s was to provide a scaling solution with a trustless, decentralized environment. However, the progress has been slower than anticipated, especially in the areas of cryptographic guarantees and interoperability. Despite advancements in L2 rollups, such as Base and Arbitrum, they still fall short of full decentralization and are not yet fully integrated into Ethereum’s core system.

Buterin’s recent comments suggest that Ethereum L2 must adapt to the evolving network dynamics. Ethereum’s base layer, with increasing gas limits and scalability, may make L2 solutions less crucial in the future. This shift calls into question whether L2 rollups will remain the go-to solution for Ethereum scaling as Layer 1 becomes more capable.

The Shift Toward Native Rollups and ZK-EVM Integration As Ethereum’s base layer grows more robust, Vitalik Buterin and others in the Ethereum community have started focusing more on native rollups. These rollups, integrated more deeply into the Ethereum protocol, could replace the need for separate L2 solutions. Buterin has expressed growing support for native rollups, particularly those built around zero-knowledge (ZK) proofs, which offer more efficient and secure scaling.

The development of ZK-EVM technology is key to this shift. It has the potential to enable more seamless integration between the Ethereum base layer and rollups. This move could lead to a more streamlined approach to scaling Ethereum while maintaining decentralization and security, a shift that Buterin believes aligns better with the network’s long-term goals.

The council has engaged in policy lobbying, such as efforts for state blockchain adoption, hosting the North American Blockchain Summit in Dallas, and promoting initiatives, including the Texas Bitcoin Reserve.

The Texas Blockchain Council (TBC) and Chainlink Labs have entered into a strategic partnership to advance digital asset standards across the state.

Under the collaboration, Chainlink Labs and TBC members are engaging policymakers and industry leaders on secure digital asset infrastructure and high-impact blockchain use cases for Texas.

Led by President Giovanni Capriglione, the TBC is a nonprofit association dedicated to establishing Texas as a premier US center for blockchain, Bitcoin, and digital asset innovation.

The council brings together over 100 member companies to advocate for crypto-friendly legislation, educate policymakers, and advance economic development through blockchain-based solutions integrated with energy infrastructure.

The organization has played a role in shaping state legislation, including the establishment of the Texas Strategic Bitcoin Reserve.

Bitcoin dived below the $73,000 mark on Tuesday, hitting its lowest price in nearly 16 months.

The world's oldest cryptocurrency sank as low as $72,884.38, falling more than 6% on the day. That's its lowest level since Nov. 6, 2024, when the token traded at $68,898.

Bitcoin performance over the past year.

Bitcoin has fallen 16% in the year-to-date as investors have continued to rotate out of risk-on assets amid mounting geopolitical concerns and as the release of crucial U.S. economic data is delayed due to a partial government shutdown.

Strategy, a bitcoin treasury firm, was trading down 9% following the digital asset's pullback.

Ethereum’s price crash continued its strong downward trend this week, reaching its lowest level since June 23 as the crypto market dive accelerated.

Summary

Ethereum price continued its strong downward trend this week. The network’s transactions and active users have soared in the last 30 days. Technical analysis suggests that ETH price has more downside to go in the near term. Ethereum (ETH) token dropped to a low of $2,180, down by over 54% from its highest level since August last year. This retreat has brought its market value to over $274 billion.

Ethereum has crashed despite the ongoing network and ecosystem boom as companies like Fidelity, JPMorgan, and Janus Henderson embrace its network for their tokenized assets.

Data compiled by Nansen shows that Ethereum’s network is firing on all cylinders. For example, the number of active addresses jumped by 45% in the last 30 days to over 15 million.

Another metric shows that the number of transactions jumped by 40% in the last 30 days to over 68 million, the highest level in years.

Ethereum transactions have soared | Source: Nansen This growth has pushed its chain fees to over $15 million, up by 40% in the last 30 days. This growth occurred even as Ethereum transaction fees have continued to fall over the past few months.

More data show that Ethereum’s decentralized exchange network continued to rise in January, a trend that will likely continue in the coming weeks. Its DEX networks rose to over $52.8 billion in January from $49 billion in December last year. The most notable DEX networks are Uniswap, Curve Finance, Fluid, and Balancer.

Most importantly, Ethereum has become a major player in the real-world asset tokenization industry, with its distributed asset value rising by 15% over the last 30 days to over $14.4 billion. Its stablecoin market capitalization rose to over $165 billion.

Ethereum price technical analysis  ETH price chart | Source: crypto.news  The daily timeframe chart shows that the ETH price has been in a strong downward trend in the past few weeks. It crashed recently after forming a bearish flag pattern, which consists of a vertical line and an ascending channel. 

Ethereum price has dropped below the 61.8% Fibonacci Retracement level at $2,753. It moved below the 50-day moving average and Supertrend indicator.

ETH is forming a bearish pennant pattern, a common continuation pattern in technical analysis. It has also moved below the Supertrend indicator.

Therefore, the most likely Ethereum price prediction is bearish, with the next key support level being at $2,000. 

Bitcoin hits lowest level since Trump’s 2024 election win, triggering $620M in liquidations as ETH, SOL, and XRP tumble.

Bitcoin crashed below $74,000 on Tuesday, falling more than 6% to hit its lowest level since November 2024, when Donald Trump secured his second presidential term.

The leading digital asset had climbed from $74,000 following Trump’s election victory to an all-time high of nearly $126,000 in October 2025. The rally was driven by expectations that his administration would pursue crypto-friendly policies.

Since then, the administration has taken a more lenient stance. A new SEC chair was appointed, the GENIUS Act passed, discussions around the CLARITY Act advanced, and a White House crypto council was established.

Still, these moves haven’t pushed digital assets higher. Investors appear to be expecting more concrete action from the Trump administration to revive momentum.

Bitcoin has now posted four consecutive monthly losses. Tuesday’s drop also marks a new low for 2026, erasing gains from the January rally that briefly pushed prices to $95,000.

The selloff swept across major crypto assets. Ethereum fell nearly 10% to $2,100, Solana dropped 10% to $97, and XRP slid 6% to $1.52.

More than $280 million in positions were liquidated in the past hour, with 24-hour liquidations exceeding $620 million, according to CoinGlass data.

Traditional markets also declined, with the S&P 500 losing 1.4% and the Nasdaq shedding over 2% as risk-off sentiment spread across asset classes.

XRP plunges 6% as bitcoin drops under support, worsening downtrendXRP fell alongside a broad risk-off move in crypto that pressured majors and high-beta tokens alike. Feb 3, 2026, 7:24 p.m.

What to know: XRP slid about 6.3 percent to roughly $1.54 in a broad crypto sell-off, with no token-specific catalyst behind the move.The break below the key $1.60 support level triggered heavy, likely forced selling, and rebound attempts have so far failed to reclaim $1.56.Traders say XRP must hold around $1.50 and then retake $1.60–$1.62 to ease downside pressure, with a break lower opening room toward about $1.38 and potentially $1.02.XRP sold off sharply as broader crypto weakness pushed price through a key floor, with heavy volume suggesting forced selling rather than a slow drift lower.

News BackgroundXRP fell alongside a broad risk-off move in crypto that pressured majors and high-beta tokens alike. There was no XRP-specific catalyst driving the drop; instead, the move looked positioning-led, with sellers accelerating once technical support gave way.The decline follows a choppy period where rebounds struggled to attract follow-through, leaving XRP vulnerable when market-wide sentiment turned.Price Action SummaryXRP fell about 6.3%, sliding from $1.65 to $1.54The break below $1.60 accelerated sellingVolume surged at the breakdown, consistent with forced activityPrice held near $1.54 into the close after a late-session flushTechnical AnalysisXRP broke decisively below $1.60, triggering a high-volume selloff that pushed price toward $1.54. The bounce attempts that followed failed to reclaim $1.56, keeping near-term structure bearish.

STORY CONTINUES BELOW

Former support around $1.60–$1.62 now flips into resistance, with sellers defending rallies. The market is now trading around a key decision area: if $1.50 doesn’t hold, the next downside zones traders reference sit near $1.38, with a deeper risk level around $1.02.

Key levels:

Support: $1.54, then $1.50Resistance: $1.56 first, then $1.60–$1.62What traders say is next?Traders see this as a breakdown-first tape: any rebound is suspect until XRP can reclaim $1.60–$1.62 with volume.If $1.50 holds, XRP may stabilize and build a base — but bulls need to get back above $1.56 quickly to reduce downside pressure.If $1.50 breaks, traders expect momentum to extend toward $1.38, with risk of a deeper move if broader market weakness persists.

This moment is quite precarious for Bitcoin. After rejecting the upper boundary of its long-standing ascending channel, Bitcoin has transitioned into a corrective phase, pulling back toward a critical support zone around $65,000.

Summary

Bitcoin corrected lower after rejecting the channel high resistance $65,000 aligns with POC, Fibonacci, channel low, and daily support Bullish volume is required to confirm a macro bottom and rotation higher The current Bitcoin (BTC) price is just above $73,000. Following a rejection at the upper boundary of a long-standing ascending channel, the largest digital asset by market cap has transitioned into a controlled pullback rather than a disorderly sell-off.

This corrective move has gradually guided the price lower toward a region that carries significant technical weight across multiple analytical frameworks.

The $65,000 level is now emerging as a focal point for market participants. This area represents not just a psychological round number, but a dense cluster of technical confluences that historically attract demand.

As Bitcoin approaches this zone, the market is testing whether buyers are willing to defend the value and establish a potential bear-market bottom within the broader macro uptrend.

Bitcoin price key technical points Corrective rotation from channel high: Bitcoin respected upper channel resistance before rotating lower. $65,000 aligns with multiple confluences: Daily support, Fibonacci retracement, channel low, and POC converge. Bullish volume required for confirmation: Accumulation must be backed by strong demand to validate a bottom. BTCUSDT (1W) Chart, Source: TradingView From a structural perspective, Bitcoin remains within a clearly defined higher-timeframe trading channel. The recent move lower followed a clean rejection at channel high resistance, reinforcing the integrity of this structure. Rather than breaking down impulsively, price has respected the channel dynamics, suggesting that the move lower is corrective rather than trend-ending.

After the rejection, Bitcoin initially rotated toward the value area low, a zone often associated with downside exploration following failed attempts at higher value. This rotation also coincided with the channel midpoint, a level that frequently acts as a pivot between bullish continuation and deeper corrective phases. Once price lost acceptance above both the channel midpoint and the value area high, downside pressure accelerated.

This loss of key mid-range levels triggered a cascading move lower toward the point of control (POC), where the highest historical trading volume has occurred. Importantly, this POC region is near $65,000, reinforcing its potential as a stabilization zone.

Why $65,000 is a high-probability support zone The $65,000 level stands out due to the sheer number of technical factors converging at this price. First, it represents a daily support level that has previously acted as both resistance and support, making it a well-recognized reference point for market participants.

Second, the 0.618 Fibonacci retracement of the prior impulsive move aligns closely with this region. The 0.618 level is widely monitored as a corrective support zone within trending markets and often serves as a location where larger players re-enter positions.

Third, $65,000 sits near the lower boundary of the higher-timeframe channel, completing a textbook channel rotation from high to low. When price respects both channel extremes, it strengthens the validity of the structure and increases the probability of mean reversion back toward the midpoint.

Finally, the presence of the point of control in this area suggests that the market views this zone as fair value. When price returns to the POC after a directional move, it often pauses or reverses as buyers and sellers reassess positioning.

Volume, accumulation, and market psychology While technical confluence increases the probability of a reaction, confirmation depends heavily on volume behavior. For $65,000 to act as a meaningful bear market bottom, Bitcoin must show signs of accumulation, characterized by strong bullish volume influxes and slowing downside momentum.

Without volume confirmation, any bounce risks being short-lived. However, if buyers step in aggressively and defend this level, it would signal that demand is present at discount prices. This type of behavior is often observed near macro bottoms, where long-term participants accumulate while short-term sentiment remains cautious.

From a psychological standpoint, a successful defense of $65,000 would also reinforce confidence in the broader market structure. It would demonstrate that Bitcoin continues to respect its channel framework, even during periods of corrective pressure.

What to expect in the coming price action From a technical, price-action, and market-structure perspective, Bitcoin is approaching one of the most important support regions in the current cycle. The $65,000 level has multiple strong confluences that increase the likelihood of a bear-market bottom forming.

If bullish volume emerges and price stabilizes within this zone, a rotational move back toward the channel midpoint becomes increasingly probable, keeping the broader uptrend intact. Failure to attract demand, however, would weaken the channel structure and increase downside risk.

As Bitcoin tests this region, the market’s response will provide critical insight into whether $65,000 becomes a defining macro bottom or merely a temporary pause within a deeper corrective phase.

XRP Price Prediction: Ripple Supports Tokenization of $280M in Diamonds on XRPL XRP

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Anas Hassan

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Ripple announced today that it will support Billiton Diamond and leading tokenization provider Ctrl Alt in tokenizing over AED 1 billion ($280 million) of certified polished diamonds held in the United Arab Emirates.

The XRP price prediction suggests this initiative could expand access to diamond investment through Ripple’s institutional-grade blockchain, the XRP Ledger (XRPL), potentially enabling the XRP token to resume its bullish trend toward $2.00 and beyond.

Reece Merrick, Ripple’s Managing Director for Middle East & Africa, emphasized the significance, saying that “the initiative shows how Ripple’s technology can bridge the gap between physical assets and the digital economy, utilizing our enterprise-grade custody solution to secure high-value diamond assets with unrivaled trust and security.”

Ripple is proud to support Billiton Diamond and @CtrlAltCo who have tokenized over AED 1 billion ($280m) of certified polished diamonds on the XRPL.

This initiative shows how @Ripple's technology can bridge the gap between physical assets and the digital economy, utilising our…

— Reece Merrick (@reece_merrick) February 3, 2026 $1.2B ETF Inflows Drive Institutional DemandBeyond infrastructural expansion, the strongest argument for XRP in early 2026 remains growing institutional demand for Ripple’s token.

The most immediate catalyst is the substantial volume of capital absorbed by spot ETFs.

Since the debut of the first U.S. spot XRP ETF in November 2025, the institutional vehicle has attracted over $1.3 billion in cumulative inflows.

Source: SosoValueThis initial phase has functioned as a regulated mechanism that absorbed floating supply while maintaining continual demand for XRP.

Analysts suggest this sustained institutional buying pressure could drive a rapid recovery toward the $2.00 level once technical conditions improve.

XRP Price Prediction: Overhead Supply Targets $2.00 BreakoutThe XRP daily chart reflects a market that remains under sustained corrective pressure, with price trading below all major moving averages and struggling to reclaim former support.

XRP is currently hovering around the $1.56 area after losing the critical $1.78 support, which now acts as a clear breakdown level.

This loss of structure confirms that bearish momentum is still dominant, as price continues to print lower highs and lower lows.

Source: TradingViewFrom a trend perspective, the 20, 50, 100, and 200-day EMAs are bearishly aligned overhead, reinforcing the idea that any short-term bounce is likely to face heavy resistance rather than evolve into a trend reversal.

The former support near $2.00 has flipped decisively into resistance, with additional overhead supply around $2.11 and $2.33, which align with prior consolidation zones and the descending moving averages.

A recovery toward these levels would require strong volume and a decisive daily close back above $1.78, which currently looks unlikely.

Momentum indicators also favor caution. The MACD remains in negative territory with a weak histogram, signaling that bearish momentum is still intact and that bulls lack conviction at current levels.

While selling pressure has eased slightly, there is no clear bullish divergence yet to suggest an imminent trend change.

As long as XRP remains below $1.78, the downside risk persists, with price vulnerable to a deeper move toward the next major support near $0.70 if broader market weakness continues.

Maxi Doge Raises $4.5M To Capture Rotation CapitalIf XRP reclaims $2.00 and resumes a bullish trajectory, presale projects like Maxi Doge (MAXI) could attract capital from investors pursuing high-ROI opportunities in alternative sectors.

Maxi Doge represents an early-stage memecoin following the Dogecoin playbook that generated over 10x returns during the 2023-2024 breakout cycle.

The presale has established an alpha channel enabling traders to share strategies and ideas, mirroring community-building tactics from early Dogecoin that cultivated engaged holder bases.

The MAXI presale has raised over $4.5 million, offering participants 70% annual staking rewards at the current $0.000278 price point.

Interested investors can participate by visiting the official Maxi Doge website and connecting a compatible crypto wallet like Best Wallet.

You can purchase $MAXI tokens directly using USDT, ETH, or a direct bank card for immediate access.

Visit the Official Maxi Doge Website Here

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The euphoria of October’s record highs has evaporated, leaving the industrial backbone of the Bitcoin network facing a brutal reality check.

According to CryptoSlate's data, Bitcoin is currently trading near $78,000, a level that represents a punishing decline of more than 38% from its all-time high of over $126,000 just four months ago.

While casual observers might see a standard market correction, the view from inside the mines is far more dire. The steep drop in the flagship digital asset's price has collided with stubbornly high network difficulty and rising energy costs to create a perfect storm for operators.

Analytics firm CryptoQuant recently described miners as “extremely underpaid,” given the current combination of depressed prices and difficulty, with its profit-and-loss sustainability index slumping to 21. That is the lowest reading since late 2024.

Notably, the financial strain is already causing machines to go offline, resulting in Bitcoin’s total hashrate declining by about 12% since last November, the steepest drawdown since the China mining ban in 2021. This has left the network at its weakest level since September 2025.

For a system that sells itself as the most secure computer network in the world, this is more than just a bear-market story. It is a stress test of Bitcoin’s security model at a moment when miners have better-paying alternatives than ever before.

Bitcoin miners' capitulation mathsBitcoin’s security relies on a simple incentive structure in which the network pays a fixed block subsidy plus transaction fees to whoever solves the next block.

When prices were above $126,000 in October, the “security budget” was sufficient to cover inefficiencies. However, the margin for error has vanished as prices have crashed under $80,000.

New figures from the mining pool f2pool illustrate how severe the revenue compression has become.

On its Feb. 2 hardware electricity cost dashboard, the pool estimates Bitcoin’s price at around $76,176, network hashrate at near 890 exahashes per second (EH/s), and daily revenue at about $0.034 per terahash for miners paying $0.06 per kilowatt-hour.

Bitcoin Mining Electricity Cost Rate (Source: F2Pool)To put that in perspective, Luxor Technology’s Hashrate Index recorded spot hashprice near $39 per petahash per second (PH/s) per day only a few months prior.

That figure was already thin by historical standards before falling toward an all-time low of around $35 as of press time.

The current f2pool figure of $0.034 per terahash, equivalent to $34 per PH/s, confirms that miners are operating at the historical floor.

When those economics are mapped onto individual machines, it becomes clear why hashrate is falling.

At a reference Bitcoin price of $75,000 and the same six-cent power cost, electricity accounts for about 52% of revenue for Bitmain’s newest Antminer S21 XP Hydro units, which combine roughly 473 TH/s of hashpower with 5,676 watts of draw. Those are the best numbers available.

As the efficiency curve worsens, the math turns red. Mid-generation rigs, such as an Antminer S19 XP or an Avalon A1466i, exhibit electricity cost rates of approximately 92%-100% at that price point.

Meanwhile, older or less efficient models, including the Avalon A1366, Whatsminer M50S, and S19 Pro lines, show electricity cost rates ranging from approximately 109% to 162%.

In plain English, this means that at $75,000 Bitcoin and a mainstream power tariff, vast fleets of hardware are mining at a cash loss before even accounting for debt, hosting fees, or general expenses.

The AI escape hatchThis current revenue crash differs from previous crypto winters because the miners' distressed assets, like power contracts and grid connections, have a new, deep-pocketed suitor.

The same infrastructure that enables Bitcoin mining is precisely what hyperscale AI compute requires. And unlike the struggling Bitcoin network, AI infrastructure providers are willing to pay up.

The former mining operation CoreWeave has become emblematic of this shift. It pivoted from crypto to become a specialist “neocloud” for AI workloads and recently secured a $2 billion equity investment from Nvidia to accelerate its data center buildout.

In 2025, it sought to acquire miner Core Scientific in a multibillion-dollar deal, explicitly framing miners’ sites and power contracts as prime real estate for GPUs rather than ASICs.

Other public Bitcoin miners have taken the hint and are pivoting hard towards AI. For example, Canadian operator Hut 8 recently signed a 15-year, 245-megawatt AI data center lease at its River Bend campus, with a stated contract value of approximately $7 billion.

This deal effectively locks in long-term economics that differ markedly from the volatility of mining rewards.

For shareholders, these pivots offer a rational exit from the bleeding caused by the 30% price drop. They can swap cyclical Bitcoin revenues for contracted AI cash flows that investors currently value at a premium.

For the Bitcoin network, however, this raises a more difficult question: what happens when a component of its security infrastructure discovers a business that offers higher compensation?

Bitcoin's network security budget under siegeJeff Feng, co-founder of Sei Labs, called the current period “the biggest bitcoin miner capitulation since 2021,” arguing that large miners pivoting to AI compute are amplifying the drawdown.

The key difference from prior cycles is that some of this hash isn’t just powering down until the price recovers. It is being reallocated permanently.

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Once a 245 MW site is fully re-racked for AI under a long-term lease, that power is, in practice, unavailable for future hashrate expansion.

Make no mistake, Bitcoin remains extremely secure in absolute terms. Even after recent declines, the cost of amassing sufficient hashpower to attack the network remains immense.

However, the concern is about direction and composition rather than immediate collapse. A sustained decline in hashrate lowers the marginal cost of attacking.

With less honest hash online, it takes fewer resources to acquire a disruptive share of the network’s compute, whether through renting capacity or building it outright.

This trend also narrows the base of stakeholders paid to defend the chain. If older, higher-cost operators exit and only a handful of ultra-efficient miners remain profitable, control over block production becomes increasingly centralized.

This creates a fragility that is masked by the headline hashrate numbers.

So, CryptoQuant’s “extremely underpaid” label is effectively a warning that, at today’s block rewards and fees, a meaningful slice of industrial hash is operating on thin or negative margins.

It serves as a forward indicator of how robust the network’s security budget really is relative to competing uses of capital and electricity.

How will Bitcoin miners survive?From here, the miner squeeze could influence Bitcoin’s evolution in several distinct ways.

One path is quiet consolidation. Difficulty resets, the most efficient operators capture a larger share of block production, and hashrate grows more slowly than in previous cycles but remains large enough that few outside specialists notice.

For investors, the primary effect is volatility, as each market drawdown compresses a narrower group of miners, thereby increasing their selling and hedging behavior.

Another path would accelerate Bitcoin's transition to fee-driven security faster than the halving schedule alone implies. If subsidies remain light relative to AI returns, the ecosystem may have to rely more on transaction fees to keep miners fully engaged.

That could mean greater focus on high-value settlement at the base layer, more activity on second-layer systems, and a wider acceptance that block space is a scarce resource rather than a cheap commodity.

A third, more speculative path would see external backstops become explicit. This would mean that the same institutions that normalized spot Bitcoin ETFs might eventually view the security budget as they view bank capital ratios, as something that can require deliberate support.

That could take the form of higher fees for certain transaction classes, industry-funded incentives for miners, or scrutiny of AI conversions that materially dent hashrate in key regions.

Notably, none of those outcomes would require a break with Bitcoin’s core design. All involve the industry deciding, in a more crowded energy market, how much it is prepared to pay to keep hash on the network rather than in GPU clusters.

At present, the f2pool dashboard provides a snapshot of that negotiation. A system with about 890 exahashes per second of compute and a price of approximately $76,000 is paying roughly 3.5 cents per terahash per day for its security.

Whether future energy investments accept that rate or demand something closer to AI economics will determine how the mining market ultimately pivots.

Mentioned in this articlePosted in

NEW YORK, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Atara Biotherapeutics, Inc. (“Atara” or the “Company”) (NASDAQ: ATRA).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Atara and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On January 12, 2026, Atara issued a press release “announc[ing] that the U.S. Food and Drug Administration (FDA) has issued a Complete Response Letter (CRL) for the EBVALLO™ (tabelecleucel) Biologics License Application (BLA) as monotherapy treatment for adult and pediatric patients two years of age and older with Epstein-Barr virus positive post-transplant lymphoproliferative disease (EBV+ PTLD), who have received at least one prior therapy including an anti-CD20 containing regimen.”  Atara said that “[t]he CRL indicates that the FDA is unable to approve the EBVALLO™ BLA in its present form” because, according to the CRL, “the single arm ALLELE trial, which was previously confirmed by the FDA as adequate to support the BLA filing, is no longer considered to be adequate to provide evidence of effectiveness for accelerated approval.  Furthermore, the FDA stated that the trial’s interpretability is confounded due to trial study design, conduct, and analysis.” 

On this news, Atara’s stock price fell $7.79 per share, or 56.99%, to close at $5.88 per share on January 12, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.   

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

New York, New York--(Newsfile Corp. - February 3, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Integer Holdings Corporation (NYSE: ITGR) between July 25, 2024 and October 22, 2025, both dates inclusive (the "Class Period"), of the important February 9, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Integer common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Integer class action, go to https://rosenlegal.com/submit-form/?case_id=49170 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 9, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Integer materially overstated its competitive position within the growing electrophysiology ("EP") manufacturing market; (2) despite Integer's claims of strong visibility into customer demand, Integer was experiencing a sustained deterioration in sales relating to two of its EP devices; (3) in turn, Integer mischaracterized its EP devices as a long-term growth driver for its cardio and vascular ("C&V") segment; (4) as a result of the above, defendants' positive statements about Integer's business, and operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Integer class action, go to https://rosenlegal.com/submit-form/?case_id=49170 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Attorney Advertising. Prior results do not guarantee a similar outcome.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282557

Source: The Rosen Law Firm PA

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