CoindooOfficial

El Salvador’s Bitcoin strategy is facing renewed pressure after a recent market slide wiped roughly $300 million from the country’s BTC reserves.

Key Takeaways:
El Salvador holds 7,560 BTC worth about $508.47 million at current prices.Roughly $300 million in market value has been erased from recent highs due to Bitcoin’s decline.The country continues to accumulate BTC despite volatility.IMF negotiations and debt obligations increase scrutiny of the strategy.
With 7,560 BTC currently held and valued at approximately $508.47 million, the decline reflects a sharp drop from recent valuation highs when Bitcoin was trading significantly above current levels.
The drawdown adds fresh strain to President Nayib Bukele’s high-conviction crypto strategy at a time when fiscal discipline and external financing remain in focus.

Market Volatility Hits Sovereign Reserves
At Bitcoin’s recent peak levels, El Salvador’s holdings were valued near the $800 million range. The subsequent correction has reduced that figure by approximately $300 million, highlighting the risks of holding a highly volatile asset at sovereign scale.
While these losses remain unrealized unless the government sells, they materially affect the mark-to-market value of national reserves. For a country navigating debt repayments and external financing pressures, that volatility is not insignificant.
The decline comes as El Salvador continues to manage obligations tied to its $1.4 billion IMF agreement. The IMF has consistently warned about the financial stability risks of large-scale crypto exposure, particularly when reserves fluctuate dramatically in value.
Bukele’s Long-Term Bitcoin Bet
Despite the paper losses, President Bukele has shown no sign of retreating. The administration has continued periodic Bitcoin purchases, signaling confidence in a long-term thesis rather than reacting to short-term price movements.
Supporters argue that Bitcoin’s historical cycle pattern includes deep corrections followed by new highs, and that judging the strategy mid-cycle may be premature. Critics counter that sovereign balance sheets operate differently from private portfolios - volatility can directly influence borrowing costs, investor confidence, and fiscal planning.
With 7,560 BTC on its balance sheet, El Salvador remains one of the world’s largest sovereign Bitcoin holders. Whether the strategy ultimately delivers outsized gains or creates sustained fiscal pressure will depend largely on Bitcoin’s future price trajectory - and on the country’s ability to balance conviction with financial stability.
For now, the $300 million drawdown stands as a reminder that national Bitcoin adoption carries not just upside potential, but significant macro risk.
#bitcoin

Analysts at JPMorgan, led by Nikolaos Panigirtzoglou, are turning constructive on digital assets for 2026, arguing that the market is undergoing a deeper transformation rather than entering a prolonged downturn.

Key Takeaways
JPMorgan expects a 2026 crypto rebound led by institutions, not retail.Bitcoin below its $77,000 production cost is seen as temporary and stabilizing.Regulatory clarity in the U.S. could unlock large-scale institutional inflows.Long-term Bitcoin target remains $266,000.
After a sharp correction in early 2026 pushed Bitcoin below key cost benchmarks, the bank describes the move as part of a broader “self-correction” phase that could ultimately lay the groundwork for more durable price stability.
Bitcoin recently slipped into the mid-$60,000 range, falling below JPMorgan’s updated production cost estimate of around $77,000. That figure itself has dropped from roughly $90,000 earlier in the year, reflecting improved mining efficiency and shifting energy inputs. According to the bank, trading below production cost is typically unsustainable over the long term, as it pressures high-cost miners out of the network and gradually establishes a firmer structural floor.
Regulation as a Catalyst, Not a Risk
A central pillar of the bullish 2026 thesis is regulatory clarity. JPMorgan views potential U.S. legislation, including proposals such as the Digital Asset Market Clarity Act, as a catalyst rather than a headwind. Clearer rules are expected to reduce legal uncertainty and unlock large-scale institutional participation that has remained cautious amid fragmented oversight.
Instead of another cycle driven primarily by retail speculation and momentum trading, the bank anticipates a shift toward steadier, longer-term capital inflows through spot exchange-traded products and institutional mandates. This evolution in buyer composition is seen as a structural upgrade for the asset class.
Gold Rotation and Volatility Dynamics
JPMorgan also highlights a potential asset rotation dynamic. While gold has recently outperformed Bitcoin, its rising volatility has weakened its appeal as a straightforward defensive allocation. The bank suggests that if gold’s price swings persist, some capital could rotate back into digital assets as part of diversified macro portfolios.
In this framework, Bitcoin is increasingly positioned as a volatility-adjusted alternative to gold rather than a purely speculative instrument. Based on such comparisons, JPMorgan reiterated a long-term price objective of $266,000 for Bitcoin, tied to relative market value and risk characteristics versus precious metals.
Capital Flows Point to Maturing Market
The report notes that crypto capital inflows approached $130 billion in 2025, roughly one-third higher than the previous year. However, last year’s flows were heavily influenced by digital asset treasury allocations and retail-driven ETF enthusiasm. For 2026, the expectation is a pivot toward more stable institutional demand.
Beyond price targets, the anticipated institutional wave is projected to reshape the broader ecosystem. Venture capital activity, mergers and acquisitions, and IPO pipelines could accelerate under clearer regulatory conditions. At the same time, infrastructure segments - including stablecoin issuers, payment networks, custody providers, and blockchain service firms - are expected to attract increased engagement from traditional financial institutions.
Another sign of deepening integration is the exploration by major banks of using crypto ETFs and tokenized assets as collateral in conventional financial transactions. If implemented at scale, such practices would further embed digital assets within the global financial system.
Taken together, JPMorgan’s outlook frames 2026 not as a simple rebound year, but as a turning point in market structure - one defined less by retail-driven cycles and more by institutional capital, regulatory frameworks, and expanding financial integration.
#crypto

Bitcoin exchange-traded funds recorded significant outflows on February 12, signaling renewed institutional caution across the crypto market.

Key Takeaways:
Bitcoin ETFs saw - $410.2 million in net outflows.Ethereum ETFs followed with - $113.1 million in withdrawals.Solana ETFs recorded a modest $2.7 million inflow, standing out positively.XRP spot ETFs posted - $6.42 million in net outflows.
Combined net outflows for U.S. spot Bitcoin ETFs came in at - $410.2 million, marking one of the larger single-day withdrawals this month.
Bitcoin ETF Flows
The bulk of the pressure was concentrated in major products. BlackRock’s IBIT saw $157.6 million in outflows, while Fidelity’s FBTC lost $104.1 million. Grayscale’s GBTC recorded a $59.1 million decline, and ARK’s ARKB shed $31.5 million. Smaller products also contributed modest negative flows, reinforcing the broad-based nature of the pullback.
The scale of withdrawals indicates that large-cap crypto exposure remains sensitive to macro positioning and broader market sentiment.
Ethereum ETF Flows
Ethereum ETFs followed a similar trajectory, posting total net outflows of - $113.1 million for the session. BlackRock’s ETHA and Fidelity’s FETH led withdrawals with $29.0 million and $43.5 million respectively, while Grayscale’s ETHE recorded an additional $13.4 million in outflows.
The consistent red trend suggests investors remain cautious on ETH positioning despite recent structural developments in the ecosystem.
Solana ETF Flows
Solana ETFs diverged from the broader trend, recording a modest $2.7 million net inflow. Bitwise’s BSOL contributed $2.1 million, with smaller positive allocations across other issuers.
Although relatively small in size, the inflow stands out given the broader negative tone across Bitcoin and Ethereum products.
XRP ETF Flows
XRP spot ETFs posted a net - $6.42 million outflow. While Canary and Franklin products saw inflows of $1.44 million and $737,470 respectively, Grayscale’s GXRP experienced a sharp $8.91 million withdrawal, tipping the daily balance negative.
Mixed flows suggest selective positioning rather than broad accumulation in XRP-related products.
Overall, the session reflects a defensive tilt among institutional participants. While ETF flows can shift quickly, the magnitude of Bitcoin and Ethereum outflows highlights continued sensitivity to macro developments and market structure dynamics across digital assets.
#BitcoinETFs #EthereumETF

Bitcoin’s derivatives market is flashing a signal that hasn’t appeared since one of the most important turning points of the past cycle.

Key Takeaways
Funding rates are at their most negative levels since August 2024.Traders are heavily positioned short across exchanges.This imbalance raises the risk of a short squeeze if price moves higher.
According to aggregated funding rate data from Santiment, short positioning across major crypto exchanges has reached its most extreme level since August 2024 - a period that ultimately marked a major bottom for Bitcoin. Back then, traders aggressively bet on further downside as funding rates plunged deep into negative territory. Instead of continuing lower, Bitcoin reversed sharply and surged roughly 83% over the following four months.
Now, the same imbalance is beginning to form again.
How Funding Rates Reveal Market Fear
In perpetual futures markets, funding rates act as a balancing mechanism to keep contract prices aligned with spot prices. Traders periodically pay a small fee to one another. When funding rates turn negative, it means short sellers are paying long traders - a clear sign that the majority of leveraged bets are positioned for further downside.
Santiment’s “Funding Rates Aggregated By Exchange” metric blends data from multiple major platforms rather than relying on a single exchange. By combining funding information market-wide, the indicator reveals whether aggressive shorting is happening across the broader ecosystem, not just in isolated pockets of liquidity.
The latest readings show funding rates deeply negative again, signaling widespread fear and heavy downside positioning.
Source: Santiment X
Why Extreme Shorting Can Trigger Explosive Moves
Extreme negative funding does not automatically guarantee a rally. However, it often creates the conditions for one.
Many short positions are opened with leverage, meaning traders borrow capital to amplify potential returns. If price unexpectedly rises, those positions can quickly move into loss territory. Once losses exceed a threshold, exchanges automatically liquidate the positions - forcing shorts to buy back Bitcoin.
When large clusters of leveraged shorts are liquidated at the same time, the result can be a rapid price acceleration higher, commonly known as a short squeeze. The deeper funding rates fall, the more crowded the short trade becomes - and the more fuel exists for a sharp reversal.
Echoes of the October Liquidation Cycle
The current setup also follows months of heightened volatility. After a major liquidation wave on Binance in October 2025 wiped out large long positions and pushed Bitcoin lower, traders quickly rotated into shorts, convinced that downside would continue.
That behavior recreated a one-sided market structure similar to previous bottoming phases. Aggregated funding metrics are now reflecting another moment where sentiment has leaned heavily in one direction.
Patience Required in a High-Risk Environment
Heavy short positioning does not mean an instant breakout is guaranteed. Sentiment across other metrics remains fragile, and fear still dominates trader psychology.
However, the data highlights a high-risk positioning environment where even a moderate price move upward could trigger cascading liquidations. In such conditions, volatility can accelerate quickly once momentum shifts.
For now, the derivatives market is signaling extreme caution - but also the potential for sudden upside pressure if the imbalance begins to unwind.
#bitcoin

La Russia ha formalmente approvato un concetto nazionale per la tokenizzazione degli attivi del settore reale, segnando una delle iniziative di asset digitali guidate dallo stato più complete fino ad oggi.

Punti chiave
La Russia ha approvato un quadro nazionale per tokenizzare gli attivi del settore reale.
I progetti pilota copriranno i diritti di proprietà, i diritti di proprietà intellettuale, i titoli e le quote delle LLC.
L'obiettivo è una maggiore liquidità, costi più bassi e un accesso più ampio per gli investitori.
Il movimento supporta la modernizzazione dei mercati dei capitali domestici.
Il quadro è stato sviluppato dal Ministero delle Finanze in coordinamento con le autorità esecutive federali e la Banca di Russia, e ha ora ricevuto il supporto del governo. I lavori di attuazione sono già in corso.

The U.S. National Credit Union Administration (NCUA) has issued its first proposed rules under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, outlining a federal licensing pathway for payment stablecoin issuers affiliated with federally insured credit unions.

Key Takeaways
NCUA proposes a new Permitted Payment Stablecoin Issuer (PPSI) license for subsidiaries of federally insured credit unions.Credit unions would be prohibited from issuing stablecoins directly or engaging with unlicensed issuers.The framework introduces a federal supervisory pathway aligned with the GENIUS Act’s implementation timeline.
The move marks a structural step in the post-GENIUS Act regulatory rollout, signaling how U.S. authorities intend to integrate stablecoin issuance into the federally supervised financial system without allowing direct balance-sheet exposure for insured credit unions.
Licensing Structure for Credit Union-Affiliated Stablecoin Activity
Under the proposal, subsidiaries of federally insured credit unions (FICUs) would be required to obtain designation as an NCUA Permitted Payment Stablecoin Issuer (PPSI) before issuing payment stablecoins. Direct issuance by the credit unions themselves would not be permitted. Instead, issuance activity would need to occur through separately supervised entities, such as credit union service organizations or comparable subsidiaries.
The proposal also restricts capital relationships: federally insured credit unions would be barred from investing in or extending credit to any payment stablecoin issuer that does not hold the required PPSI license. This effectively creates a closed supervisory perimeter in which only NCUA-approved entities can interact with insured institutions in stablecoin-related activities.
Application Standards and Supervisory Timelines
Subsidiaries seeking PPSI status would need to demonstrate financial soundness, appropriate governance structures, and viable business models. The agency indicates that applications must receive action within 120 days, with automatic approval triggered if no decision is issued within that window.
The draft framework emphasizes technological neutrality. Applications cannot be denied solely because a stablecoin is deployed on an open, public, or decentralized blockchain network, reflecting an effort to separate network architecture from supervisory eligibility.
A 60-day public comment period will begin following publication in the Federal Register, with comments expected to close around mid-April 2026. The GENIUS Act mandates full regulatory implementation by July 18, 2026, placing this proposal within a defined legislative timeline.
Balance-Sheet Separation and Risk Containment
The structure reinforces a policy objective of isolating stablecoin issuance risk from the insured balance sheets of credit unions. By requiring activity to occur through licensed subsidiaries, the NCUA preserves a firewall between federally backed deposits and digital asset issuance operations.
Federally insured credit unions collectively serve approximately 144 million members and manage about $2.38 trillion in assets, according to mid-2025 figures. More than 4,000 institutions fall under NCUA supervision. Bringing stablecoin-linked subsidiaries into a licensing regime therefore represents a measurable expansion of federal oversight into a segment that intersects with both retail financial services and digital asset infrastructure.
Next Phase of GENIUS Act Implementation
The NCUA indicated that this proposal represents the first stage of rulemaking. A forthcoming regulatory package is expected to address additional GENIUS Act standards, including 1:1 reserve backing requirements with U.S. currency or highly liquid assets, capital and liquidity thresholds, anti–illicit finance controls, information technology risk management, redemption procedures, and monthly reserve disclosure obligations.
While Bitcoin and other digital assets remain reference points for broader market risk appetite, stablecoins increasingly function as settlement infrastructure within the crypto ecosystem. The proposed framework suggests that U.S. policymakers are moving toward formalizing issuance standards for institutions connected to the traditional financial system rather than leaving participation to loosely defined structures.
The rulemaking signals a shift toward federally supervised participation in stablecoin markets by credit union-affiliated entities, while maintaining structural safeguards around insured institutions. As implementation progresses toward the GENIUS Act’s statutory deadline, licensing standards and supervisory mechanics are likely to shape how traditional financial cooperatives interface with digital payment tokens.
#stablecoin

Bitcoin’s mining difficulty has recorded a steep -11.16% adjustment, marking the largest downward move since the July 2021 crash triggered by China’s mining ban.

Key Takeaways
Bitcoin mining difficulty dropped 11.16%, the biggest decline since 2021 and one of the largest in history.Storm outages and a market sell-off temporarily reduced hashrate, but network power has already rebounded sharply.Miner profitability hit record lows, accelerating the shift toward AI infrastructure and alternative revenue streams.
The drop ranks as the 10th biggest negative adjustment in the network’s history and signals how quickly external shocks can ripple through the system.
The February 7, 2026 adjustment followed a sudden decline in network hashrate. Severe winter storms across parts of the United States forced multiple mining facilities offline, while a broader market sell-off pushed Bitcoin’s price into the low $60,000 range. Together, these pressures reduced overall computational power securing the network, prompting the automatic difficulty recalibration.
Hashrate Rebounds Despite Profitability Squeeze
Despite the sharp correction, network data shows that hashrate has already rebounded by roughly 20% over the past two weeks. As storm-affected miners restore operations, computing power is steadily returning to the network.
However, profitability remains under pressure. Hashprice - a key metric measuring miner revenue per terahash - plunged to a record low near $0.03 per TH/s on February 5. For comparison, that figure stood near $3.50 in 2017, highlighting how competitive and capital-intensive the mining industry has become.
With hashrate climbing again, the next difficulty adjustment, expected around February 20, is projected to swing in the opposite direction, with estimates pointing to a positive correction of roughly 11.5%.

Mining Firms Pivot Toward AI Infrastructure
Volatile revenues are accelerating strategic shifts among large mining operators. Companies such as CleanSpark and TeraWulf are increasingly converting or expanding data center infrastructure to support Artificial Intelligence workloads. The strategy aims to create diversified revenue streams that are less exposed to Bitcoin price cycles.
Corporate restructuring and capital raises are also shaping the sector. Cango Inc. recently secured $75.5 million in equity funding to expand its integrated energy and AI compute platform, while Argo Blockchain received court approval for a restructuring plan addressing $40 million in unsecured notes.
Local Restrictions and Global Clarity
Regulatory developments continue to influence the mining landscape. Canton, North Carolina, passed a 12-month moratorium on new cryptocurrency mining and data center developments on February 11, reflecting growing scrutiny at the municipal level.
In contrast, the Abu Dhabi Global Market issued updated guidance formalizing the licensing and supervision of crypto mining as a recognized commercial activity. The move provides greater regulatory clarity for operators seeking to establish operations in the region.
The latest difficulty adjustment underscores how sensitive Bitcoin’s mining ecosystem remains to weather events, market volatility, and regulatory shifts. Yet the swift hashrate rebound also highlights the network’s resilience, with miners adapting rapidly to changing conditions while exploring new revenue models beyond traditional block rewards.
#Bitcoinmining

Standard Chartered has lowered its year-end 2026 Bitcoin forecast to $100,000, marking the second downgrade in just three months.

Key Takeaways
Standard Chartered cut its 2026 Bitcoin target to $100,000 again.Bank warns BTC could drop toward $50,000 in a capitulation phase.ETF outflows and weaker corporate buying are key concerns.Ethereum target lowered to $4,000; $500,000 BTC call delayed to 2030.
The bank had previously projected $150,000 and, before that, an ambitious $300,000 target for the same period.
In a February 12 note, Geoffrey Kendrick, the bank’s global head of digital assets research, outlined a more cautious path ahead for crypto markets, pointing to weakening momentum and growing macro pressure.
Capitulation Risk and ETF Pressure
According to the bank, Bitcoin could face what it describes as a “final capitulation period” in the coming months. In that scenario, BTC may slide toward $50,000 - or slightly below - before establishing a durable bottom.
A key concern is persistent ETF outflows. Since peaking in October 2025, Bitcoin ETF holdings have reportedly dropped by nearly 100,000 coins. With the average ETF entry price near $90,000, many investors are currently underwater. That dynamic increases the likelihood of selling pressure rather than aggressive dip-buying.
The bank also argues that the phase of strong corporate accumulation - previously led by firms such as MicroStrategy - has largely run its course. If corporate demand cools, future upside may depend almost entirely on renewed ETF inflows.
Macro Headwinds Add to Uncertainty
Standard Chartered cites unsupportive U.S. economic data and a hawkish Federal Reserve stance as additional drags on digital assets. With rate cuts still uncertain and liquidity conditions tight, the bank sees limited catalysts in the near term.
Meaningful relief, it suggests, may not emerge until a shift in Fed leadership or policy direction, potentially around mid-year.
Ethereum Target Also Slashed
The bank also revised its Ethereum outlook. The year-end 2026 forecast for ETH has been cut to $4,000 from a previous $7,500 projection. In the short term, Ethereum could fall toward $1,400 before stabilizing, according to the note.
Despite the downward revisions, Standard Chartered maintains a constructive long-term view. However, its previously outlined $500,000 Bitcoin target has now been pushed back from 2028 to 2030, signaling a slower trajectory for the broader crypto cycle.
How Other Institutions See 2026
While Standard Chartered has turned more cautious, other major firms remain more optimistic.
Bernstein continues to project Bitcoin reaching $150,000 in 2026. Maple Finance sees a potential move toward $175,000. Meanwhile, Fundstrat, led by Tom Lee, has outlined a range between $200,000 and $250,000.
On the more cautious end, some analysts estimate a potential floor around $75,000.
The widening gap in projections highlights just how uncertain the road to 2026 remains. For now, the debate centers on whether current weakness marks the final shakeout before recovery - or the start of a longer consolidation phase for digital assets.
#BTC

The American Bankers Association (ABA), the largest banking lobby in the country, has formally urged the Office of the Comptroller of the Currency (OCC) to slow down or pause the approval of national trust bank charters for crypto and stablecoin companies.

Key Takeaways
The American Bankers Association wants the OCC to slow crypto trust bank approvals.Banks cite regulatory uncertainty and financial stability risks.Recent OCC approvals for major crypto firms triggered the backlash.The crypto sector calls the effort protectionist.
In a February 11 comment letter, the group called for a more cautious approach as regulators reshape the digital asset landscape. The move signals growing tension between traditional banks and crypto-native firms seeking deeper integration into the federal banking framework.
Regulatory Concerns Take Center Stage
At the heart of the ABA’s argument is regulatory uncertainty. The group says the OCC should wait until federal agencies fully define the framework under the Guiding and Establishing National Innovation for US Stablecoins Act, also known as the GENIUS Act. According to the ABA, moving forward with charter approvals before the rules are finalized could create inconsistencies and long-term supervisory risks.
The banking lobby also raised concerns about safety and soundness. It warned that many crypto-focused business models lack traditional fiduciary activities and may face heightened insolvency and cybersecurity risks. From the ABA’s perspective, granting national trust charters to such firms without the same capital and compliance standards applied to full-service banks could expose the system to vulnerabilities.
Another flashpoint is branding. The ABA recommended prohibiting non-bank charter applicants from using the word “bank” in their names, arguing that it could mislead consumers into believing these entities operate under the same regulatory structure as traditional institutions.
A Question of Fair Competition
Banking groups, including the Bank Policy Institute, have repeatedly argued that limited-purpose charters allow crypto firms to access federal oversight and credibility without shouldering the full regulatory burden imposed on conventional banks. In their view, this creates an uneven playing field.
The OCC’s recent actions help explain the urgency behind the ABA’s letter. In December 2025, the regulator granted conditional national trust bank approvals to several major digital asset firms, including Ripple, BitGo, Paxos, Circle, and Fidelity Digital Assets.
In addition, recent OCC interpretive letters clarified that national banks may conduct so-called riskless principal crypto transactions and hold small amounts of digital assets to cover blockchain gas fees. In January 2026, the agency issued a Notice of Proposed Rulemaking to clarify that national trust banks can engage in activities incidental to banking - a proposal that directly triggered the ABA’s latest response.
Crypto Industry Pushes Back
The crypto sector has not remained silent. The Blockchain Association has described the banking lobby’s efforts as protectionist, arguing that established financial institutions are attempting to preserve dominance over financial services while slowing innovation.
For crypto firms, national trust charters represent legitimacy, direct access to federal oversight, and a clearer pathway to offering regulated digital asset services. For traditional banks, they represent competitive pressure and regulatory asymmetry.
As federal agencies continue shaping stablecoin and digital asset rules, the outcome of this dispute could determine how deeply crypto becomes embedded within the US banking system - and who ultimately controls that future.
#CryptoBankingRevolution

La mezzanotte sta entrando in una fase decisiva mentre si avvicina il lancio del mainnet, segnando la transizione da test preliminari a un ambiente di produzione attivo focalizzato sulla privacy e sulla divulgazione selettiva.

Punti Chiave
La mezzanotte si sta preparando per l'attivazione completa del mainnet focalizzata sulla privacy e sulla divulgazione selettiva.
Oltre 1,3 miliardi di token NIGHT sono già stati reclamati.

La rete, costruita all'interno dell'ecosistema Cardano, è progettata per supportare casi d'uso reali che richiedono protezione dei dati pur consentendo conformità e trasparenza controllata.

I flussi dei fondi ETF cripto sono invertiti bruscamente l'11 febbraio, con il capitale istituzionale che ruotava fuori dai prodotti Bitcoin ed Ethereum mentre l'attività nei fondi Solana e XRP si bloccava.

Punti chiave:
I fondi ETF su Bitcoin hanno registrato $276,3 milioni in deflussi netti.
I fondi ETF su Ethereum hanno visto $129,1 milioni in rimborsi.
I fondi ETF su Solana hanno registrato $0 in flussi netti.
I fondi ETF su XRP hanno anche registrato $0 in flussi netti.
Il cambiamento avviene appena un giorno dopo una sessione di recupero, evidenziando quanto rapidamente il sentimento possa cambiare nell'attuale ambiente di mercato.
I deflussi sono stati diffusi tra i principali emittenti, segnalando un riposizionamento istituzionale piuttosto che eventi isolati.

La Fondazione XRPL ha nominato Brett Mollin come suo nuovo Direttore Esecutivo, una mossa mirata a rafforzare la sicurezza a lungo termine, la decentralizzazione e la stabilità operativa del Ledger XRP.

Punti Chiave
Brett Mollin è stato nominato Direttore Esecutivo della Fondazione XRPL.
Porta oltre 11 anni di esperienza nell'ecosistema del Ledger XRP, inclusa una precedente leadership in Ripple.
L'attenzione sarà rivolta alla scalabilità, resilienza, governance e prontezza dell'infrastruttura.
La mossa rafforza la supervisione non profit e guidata dalla comunità della Fondazione sul Ledger XRP.

Ethereum is sending a powerful signal beneath the surface. While price action remains under pressure and ETH trades below the $2,000 mark, staking activity is accelerating at a pace rarely seen before.

Key Takeaways
30% of Ethereum’s supply is locked in staking, tightening liquid supply.4.1M ETH is waiting to be staked, while exits remain minimal.Yield is modest at 2.83% APR, yet demand keeps rising.Large wallets are reducing share, smaller holders are accumulating.One more dip may come before a potential rebound.
Roughly 30% of Ethereum’s total supply - about 36.8 million ETH worth approximately $72 billion at current prices - is now locked in staking contracts. Nearly one million validators are actively securing the network, reinforcing Ethereum’s transition into a yield-generating, security-focused asset.
This dynamic is creating a significant supply restriction at a time when market sentiment remains cautious.
Queue Explodes as Investors Lock Up ETH
The most striking data point is the staking queue. Around 4.1 million ETH is currently waiting to be staked, highlighting record demand to enter validator positions. Meanwhile, exit activity is minimal by comparison, with just 75,872 ETH queued for withdrawal.

About one-third of staked ETH is now considered illiquid, earning a modest 2.83% APR. By traditional crypto standards, that yield is not particularly attractive. Yet investors continue to lock up capital aggressively.
This behavior stands in contrast to short-term yield farming strategies. Instead, it signals long-term conviction. Locking up tens of billions of dollars during a price downturn suggests participants are positioning for future appreciation rather than chasing quick returns.
On-Chain Shifts: Whales Reduce, Smaller Wallets Accumulate
Fresh data from Santiment shows a structural shift in Ethereum’s holder distribution. Wallets holding at least 1,000 ETH now control less than 75% of total supply for the first time in seven months, after shedding roughly 1.5% of supply since Christmas.
s
At the same time, smaller wallets - particularly those holding less than 1 ETH - now control their highest percentage of supply ever, at 2.3%.
This rotation hints that larger holders may be reallocating into staking, while smaller participants steadily accumulate. The result is a broader distribution of supply alongside rising validator participation.
Technical Outlook: One More Dip Before a Bounce?
From a technical perspective, analyst Michaël van de Poppe believes Ethereum’s broader structure remains intact. He suggests another move lower toward higher timeframe support could occur before a stronger rebound.

According to his view, that support zone may provide the foundation for a higher low and a renewed uptrend. He still expects this month to mark the bottom for the broader market, followed by a rally lasting two to three months.
If that scenario plays out, Ethereum’s tightening liquid supply could amplify any upside move.
Supply Restriction Meets Macro Sensitivity
Crypto markets are no longer moving in isolation. Ethereum, like Bitcoin, increasingly trades as a high-beta risk asset tied to macroeconomic conditions. Inflation data, labor market trends, and broader liquidity flows remain key drivers.
However, beneath the volatility, Ethereum’s fundamentals appear to be strengthening. With billions of dollars locked, minimal exits, and staking demand at record levels, the network is quietly reducing available supply while expanding validator security.
When investors line up to lock $74 billion during a price dip, it rarely reflects speculation alone. It suggests belief in what comes next.
#ETH

Mentre gran parte del mercato delle criptovalute ha lottato con la volatilità e il calo dei prezzi, un segmento continua a espandersi a un ritmo straordinario: le stablecoin.

Punti chiave
Il volume annuale delle transazioni in stablecoin ha raggiunto circa $33 trilioni nel 2025
La scala ora rivalizza o supera quella di Visa e Mastercard combinate
La crescita continua nonostante un'attività speculativa più debole nel settore delle criptovalute
L'aumento delle dimensioni delle transazioni indica un'adozione istituzionale e operativa
La capitalizzazione di mercato di Tether si avvicina a quella di Ethereum, segnalando dinamiche di capitale in cambiamento

Binance has completed the final phase of its SAFU fund asset conversion, officially transitioning its stablecoin reserves into Bitcoin.

Key takeaways:
Binance purchased 4,545 BTC in the final tranche.The full $1 billion SAFU reserve has now been converted into Bitcoin.SAFU holds 15,000 BTC worth approximately $1,005,000,000 at completion.The valuation was calculated at a BTC price of $67,000.
The exchange confirmed it purchased an additional 4,545 BTC, finalizing the previously announced $1 billion allocation into the leading digital asset.

SAFU Fund Now Fully in Bitcoin
The transition was completed within 30 days of the initial announcement, according to Binance. With the final tranche executed, the Secure Asset Fund for Users (SAFU) now holds 15,000 BTC.
At the time of completion, the total value stood at approximately $1.005 billion, based on a Bitcoin price of $67,000. Binance also publicly disclosed the SAFU Bitcoin address and the latest transaction ID, reinforcing its commitment to onchain transparency.
Strategic Reserve Shift
SAFU was originally created as an emergency insurance fund to protect users in extreme scenarios. By converting the reserves entirely into Bitcoin, Binance is effectively signaling strong conviction in BTC as a long-term store-of-value asset.
The move represents a structural shift from stablecoin-based reserves toward a fully Bitcoin-backed protection model.
Market Implications
Large-scale treasury conversions into Bitcoin often draw attention from institutional investors, as they signal confidence in BTC’s long-term value proposition.
With 15,000 BTC now sitting in the SAFU wallet, Binance holds one of the more visible exchange-controlled Bitcoin reserve pools, potentially reinforcing narratives around Bitcoin as a reserve-grade digital asset.
What Comes Next
Market participants may monitor:
Whether other exchanges adjust reserve compositions.The impact on Bitcoin liquidity and supply dynamics.Broader institutional sentiment toward BTC treasury strategies.
With SAFU now fully allocated to Bitcoin, Binance has positioned its user protection fund around the asset it describes as the premier long-term reserve within the crypto ecosystem.
#Binance

I flussi degli ETF crypto sono diventati positivi il 10 febbraio, con prodotti di Bitcoin, Ethereum, Solana e XRP che hanno registrato afflussi netti dopo diverse sessioni volatili.

Punti chiave:
Bitcoin ETF hanno registrato $166.5 milioni in afflussi netti.
Ethereum ETF hanno visto afflussi modesti di $13.8 milioni.
Solana ETF hanno aggiunto $8.4 milioni.
XRP spot ETF hanno registrato $3.26 milioni in afflussi netti.
Il rimbalzo suggerisce un rinnovato posizionamento istituzionale su importanti asset digitali.
Bitcoin ETF guidano con un forte rimbalzo
Bitcoin spot ETF hanno registrato $166.5 milioni in afflussi netti il 10 febbraio. L'IBIT di BlackRock ha aggiunto $26.5 milioni, mentre il FBTC di Fidelity ha portato $56.9 milioni.

Ethereum is reportedly being considered as a potential blockchain infrastructure layer for a future euro stablecoin, signaling a notable shift in how governments evaluate public blockchain networks.

Key takeaways:
Ethereum is being discussed as a candidate blockchain for a euro stablecoin.The discussion reflects growing institutional confidence in public blockchain infrastructure.The shift signals deeper convergence between government finance and decentralized networks.Ethereum’s maturity and ecosystem depth position it as a leading contender.
Rather than questioning whether public chains can function at scale, policymakers appear increasingly focused on identifying which network is robust enough to support sovereign-grade digital assets.
A Major Narrative Shift
The idea that Ethereum could serve as infrastructure for a euro-denominated stablecoin marks a significant evolution in the digital asset landscape. Public blockchains were once viewed with skepticism by regulators and central banks. Now, the conversation appears to be centered on suitability rather than viability.

If adopted, Ethereum would provide an open, battle-tested settlement layer capable of integrating with decentralized finance liquidity, tokenized assets, and global blockchain infrastructure.
Why Ethereum?
Ethereum remains the dominant smart contract platform, supporting the largest ecosystem of decentralized applications, tokenized assets, and stablecoins. Its security model, developer activity, and liquidity depth make it a logical candidate for large-scale tokenization initiatives.
With scaling solutions and Layer 2 networks expanding throughput and lowering costs, Ethereum has evolved into a modular ecosystem capable of supporting institutional-grade applications.
ETH Price
At the time of observation, Ethereum (ETH/USD) traded around $1,949.60, reflecting a modest 0.04% decline on the session. On the one-minute timeframe, price action showed volatility earlier in the session, followed by stabilization in the $1,945 - $1,955 range.

The Relative Strength Index (14) hovered near 53, suggesting neutral momentum with slight bullish bias. Meanwhile, the MACD (12, 26, 9) turned mildly positive, indicating short-term stabilization after earlier downside pressure.
While price has not yet shown a decisive breakout reaction, the broader narrative could strengthen Ethereum’s long-term positioning if further institutional confirmation emerges.
What to Expect
Should discussions around a euro stablecoin on Ethereum gain official backing, it could reinforce Ethereum’s role as foundational infrastructure for tokenized sovereign assets. In the short term, traders may watch for increased volatility and a potential break above the $1,955 - $1,960 resistance zone.
Longer term, continued institutional validation would likely support Ethereum’s structural demand profile, particularly if governments move from exploration to implementation.
#Ethereum

Franklin Templeton e Binance hanno lanciato un nuovo programma di collaterale istituzionale fuori mercato, consentendo ai clienti idonei di utilizzare azioni di fondi del mercato monetario tokenizzati come collaterale per il trading.

Punti chiave:
Le istituzioni possono ora utilizzare azioni di fondi del mercato monetario tokenizzati come collaterale su Binance.
Gli asset rimangono in custodia di terze parti regolamentate fuori dal mercato.
Il valore del collaterale è riflesso all'interno del sistema di trading di Binance tramite Ceffu.
Il programma migliora l'efficienza del capitale riducendo il rischio di controparte.
L'iniziativa consente alle istituzioni di impiegare asset tradizionali a rendimento nei mercati digitali senza trasferire la custodia a un exchange.

Robinhood has officially launched the public testnet for Robinhood Chain and announced a strategic partnership with Chainlink, which will serve as the oracle platform for the network.

Key takeaways:
Robinhood Chain public testnet is now live for developers.Chainlink will power the network as the official oracle provider.The Layer 2 is built on Arbitrum technology.Mainnet launch is planned for later this year.
The initiative marks a significant step in Robinhood’s broader strategy to bring financial services onchain through a purpose-built Ethereum Layer 2 designed for real-world asset tokenization.
Chainlink Becomes Oracle Partner
According to the announcement shared by Chainlink, the network will provide its data infrastructure, interoperability solutions, and compliance standards to power advanced tokenization use cases on Robinhood Chain.

By integrating Chainlink as the oracle layer, Robinhood aims to ensure secure, reliable, and tamper-resistant data feeds - critical for financial applications that rely on accurate real-world information.
By integrating Chainlink as the oracle layer, Robinhood aims to ensure secure, reliable, and tamper-resistant data feeds - critical for financial applications that rely on accurate real-world information.
This integration places Chainlink at the core of Robinhood Chain’s infrastructure stack and strengthens the network’s institutional-grade positioning.
try points to the testnetOfficial developer documentationCompatibility with standard Ethereum development tools via ArbitrumEarly infrastructure support from Alchemy, Allium, Chainlink, LayerZero, and TRM
The goal of this stage is to support experimentation, identify potential vulnerabilities, improve stability, and expand ecosystem integrations.
Built for Tokenized Real-World Assets
Robinhood Chain is designed with reliability, scalability, security, and compliance in mind. Backed by Robinhood’s operational infrastructure and built using Arbitrum’s technology stack, the Layer 2 aims to bridge traditional finance with decentralized systems.
The network supports seamless asset bridging, self-custody functionality, and customizable architecture for financial-grade decentralized applications. Planned use cases include tokenized asset platforms, lending protocols, and perpetual futures exchanges.
Johann Kerbrat, Senior Vice President and General Manager of Crypto and International at Robinhood, stated that the testnet lays the groundwork for an ecosystem focused on tokenized real-world assets while allowing developers to access decentralized finance liquidity within Ethereum.
Steven Goldfeder, Co-Founder and Chief Executive Officer of Offchain Labs, emphasized that Arbitrum’s developer-friendly framework positions Robinhood Chain to help deliver the next phase of tokenization and permissionless financial services.
What Comes Next
In the coming months, developers building on Robinhood Chain will gain access to testnet-only assets, including Stock Tokens for integration testing. Direct testing through Robinhood Wallet will also be introduced, alongside a familiar development environment within the Ethereum and Arbitrum ecosystems.
With infrastructure providers already integrating and additional partners expected to join, Robinhood is moving toward a broader ecosystem rollout ahead of its anticipated mainnet launch later this year.
#Robinhood:

Bitcoin sta negoziando intorno a $66,920 dopo un forte crollo intraday che ha spinto il prezzo da circa $69,000 verso $66,700 prima di un modesto rimbalzo.

Punti chiave:
Bitcoin è sceso da ~$69,000 alla zona di $66,700 prima di stabilizzarsi
Il sentiment di mercato rimane in estrema paura
Ethereum e Solana stanno anche seguendo un trend al ribasso
La struttura a breve termine favorisce i ribassisti a meno che non venga ripresa una resistenza chiave

Il mercato cripto più ampio rimane sotto pressione, con la capitalizzazione di mercato totale in calo e il sentiment in territorio di estrema paura. Gli altcoin stanno seguendo Bitcoin al ribasso, rafforzando il tono di avversione al rischio in tutto il mercato.