Caesaralby

Cardano rises by over 2% as prices across the cryptocurrency market react to softer-than-expected US inflation.
ADA holds above the 50 and 100 EMAs on the 4-hour chart, with bulls eyeing a short-term breakout above $0.42.
Retail interest in ADA remains low, as reflected by futures Open Interest declining to $742 million.Cardano (ADA) is edging up above $0.40 at the time of writing on Tuesday, reflecting improving sentiment across the crypto market. ADA’s rebound from an intraday low of $0.38 has been fueled by improving optimism, following softer-than-expected core inflation in the United States (US).Cardano rises, driven by softer US inflation
The US Consumer Price Index (CPI) report shows that headline inflation increased by 2.7% annually in December, in line with forecasts.The Bureau of Labor Statistics (BLS) report highlighted that core inflation rose 2.6%, softer than the expected 2.7%, indicating mild cooling in underlying price pressures excluding food and energy.prices rose slightly after the CPI report, with ADA rising above $0.40. If the rebound steadies, interest in crypto assets could pick up ahead of the Federal Reserve (Fed) policy meeting at the end of the month; however, the market has partly priced in the possibility that the Fed will leave rates unchanged in the 3.50%-3.75% range.Meanwhile, retail interest in Cardano has remained significantly low since the October 10 flash crash, with recovery attempts quickly snuffed out. CoinGlass data shows futures Open Interest (OI) averaging $742 million on Tuesday, down from $780 million on Monday and $844 million on January 5.The ADA futures OI averaged $1.51 billion on October 10, after peaking at a record $1.95 billion in mid-September. If the downtrend persists, it suggests that traders are losing confidence in the token’s ability to rebound and maintain an uptrend. A steady increase in OI is required to support price increases, Based on the Relative Strength Index (RSI), which is rising to 54 on the 4-hour chart, the path of least resistance is upward, with higher RSI readings likely to boost recovery momentum.

The Moving Average Convergence Divergence (MACD) indicator on the same chart highlights slight positive divergence. Traders would be prompted to increase their risk exposure if the histogram above the mean line continues to expanA close above the 200-day EMA at $0.39 would reinforce a short-term bullish grip and possibly increase the odds of an extended breakout above $0.42. ADA should increase by almost 10% to reach its January high of $0.437.d.encouraging investors to lean more into risk.Technical outlook: Cardano reclaims key support
Cardano rises above $0.40 at the time of writing on Tuesday, supported by positive sentiment driven by softer US inflation. The token also holds above the 100 and 50 Exponential Moving Averages (EMAs), which are poised to provide short-term support around $0.39.

Vitalik Buterin says Ethereum should be able to keep operating even if its core developers step back.
He argues the protocol should adopt full quantum-resistant cryptography rather than delaying for efficiency gains.
The comments come as crypto developers reassess long-term security amid advances in quantum computing.Ethereum co-founder Vitalik Buterin is pushing the network to adopt cryptography that can withstand future quantum computing attacks now—before they're a problem. The prominent Ethereum figurehead warned that waiting until the threat is real could turn blockchain security into a race it cannot afford to lose.To prepare for the day a practical quantum computer comes online, in a post published Sunday on X, Buterin argued that Ethereum’s base layer must pass what he called the “walkaway test”—the idea that the network’s value should not depend on ongoing protocol upgrades or stewardship.Ethereum the blockchain must have the traits that we strive for in Ethereum's applications,” Buterin wrote. “Hence, Ethereum itself must pass the walkaway test.”

Even if development slows or stops, he said, Ethereum should remain stable, secure, and trustworthy for decades to come.A central part of his argument is the looming threat posed by quantum computing. Buterin said Ethereum should not hold off on adopting cryptography that can withstand future quantum computers, even if current machines are not yet capable of breaking blockchain security.

“We should resist the trap of saying, ‘Let’s delay quantum resistance until the last possible moment in the name of eking out more efficiencies for a while longer,’” Buterin said. He added that individual users have the right to delay making changes in preparation for a quantum threat, but protocols do not.Being able to say 'Ethereum's protocol, as it stands today, is cryptographically safe for a hundred years' is something we should strive to get to as soon as possible, and insist on as a point of pride,” he said.The post follows earlier comments from Buterin about the potential impact of quantum computing on blockchain security, but places greater focus on the risks of waiting. Buterin’s view on the quantum risk has changed over the years since 2019, when he downplayed Google’s quantum advancements. He now argues that systems like Ethereum cannot afford to treat quantum resistance as a last-minute upgrade once the technology becomes a reality.Blockchains face particular exposure because networks like Bitcoin and Ethereum rely on elliptic-curve cryptography. While secure against today’s computers, it could be broken by sufficiently powerful quantum machines using Shor’s algorithm to extract private keys from public ones.

While researchers say today’s quantum machines remain too small and unstable to threaten real-world blockchains, progress in hardware, error correction, and system stability has refocused discussions around future timelines.Despite Buterin’s call for action, others warn that enacting changes too quickly could have unintended consequences.

“Post-quantum crypto, oftentimes it’s about 10 times slower, 10 times larger proof sizes, and 10 times more inefficient,” Cardano founder and Ethereum co-founder Charles Hoskinson told Decrypt in a recent interview. “So if you adopt it, what you’re basically doing is taking the throughput of your blockchain and reducing it by cutting off a zero.”Beyond the walkaway test, Buterin outlined technical priorities he said Ethereum must address to remain viable over the long term—including an architecture capable of scaling to thousands of transactions per second through mechanisms such as zero-knowledge EVM validation and data availability sampling, with future growth handled largely through parameter changes.He also pointed to the need for a durable state design, a general-purpose account model that moves beyond “enshrined [Elliptic Curve Digital Signature Algorithm] signatures,” a gas schedule hardened against denial-of-service attacks, proof-of-stake economics that can remain decentralized into the future, and block-building mechanisms designed to resist centralization and remain censorship-resistant.Buterin said the goal is to complete this work over the next several years, arguing future innovations should largely occur through client optimization and limited parameter changes rather than repeated upgrades.

Standard Chartered has released a fresh bullish outlook on Ethereum (ETH), projecting that the cryptocurrency will climb sharply this decade.According to its outlook, the second-largest cryptocurrency by market capitalization could potentially rally to $30,000 by 2029 while outperforming Bitcoin (BTC) through 2026. The target implies a roughly 790% gain from ETH’s press-time value of $3,371. At that level, Ethereum would command a market capitalization of about $3.6 trillion, positioning it as the world’s largest digital asset, assuming Bitcoin records minimal growth over the same period.The forecast reinforces the bank’s long-standing optimism on ETH, even as it acknowledges that previous targets have not always aligned with market outcomes.

The multinational bank’s latest outlook sees Ethereum reaching $7,500 by the end of 2026, with a longer-term trajectory that places the asset at $30,000 within the next three years. The analysis is led by the bank’s digital assets research team and is built around Ethereum’s structural role in the crypto economy rather than short-term market momentum.Ethereum’s dominance
Standard Chartered argued that Ethereum’s strength lies in its dominance across key blockchain use cases. The network remains the primary settlement layer for stablecoins, hosts a large share of tokenized real-world assets, and continues to underpin most decentralized finance activity. According to the bank, these factors give Ethereum the potential to decouple from periods of Bitcoin weakness and sustain independent growthThe report also reiterated a recurring theme in Standard Chartered’s research: Ethereum’s ability to outperform Bitcoin during phases when blockchain utility and adoption matter more than pure store-of-value narratives. In this view, ETH’s role as programmable financial infrastructure positions it to benefit from institutional adoption, particularly as traditional assets increasingly move on-chain.At the same time, the bank’s latest projections reflect a more tempered stance than some of its past calls. The $7,500 target for late 2026 is lower than the $8,000 level the bank once expected Ethereum to reach by the end of 2024.

Despite that recalibration, Standard Chartered remains one of the most bullish major banks on Ethereum

Institutional investors have significantly increased their Bitcoin holdings in 2026, purchasing approximately 30,000 BTC, which is six times the amount of newly mined Bitcoin. According to data from Bitwise, only 5,700 BTC have been mined this year, highlighting the strong demand from institutional players. This surge in institutional buying underscores the growing interest and confidence in Bitcoin as a valuable asset class. The substantial acquisition by institutional investors could have implications for Bitcoin's market dynamics, potentially influencing its price and availability.

MicroStrategy's Bitcoin acquisition strategy, often criticized as over-leveraged, is a calculated macroeconomic bet on the devaluation of fiat currencies, particularly the U.S. dollar. The company finances its Bitcoin purchases through long-term, low-interest convertible and senior unsecured bonds, avoiding the traditional leverage pitfalls of high interest rates and forced liquidation. This structure allows MicroStrategy to maintain its Bitcoin holdings without immediate pressure to sell, even during market downturns. Despite perceptions that MicroStrategy has pivoted entirely to Bitcoin speculation, it continues togenerate substantial revenue from its core software business, providing stable cash flow to cover interest expenses. The company's strategy hinges on the belief that Bitcoin will serve as a hedge against inflation and fiat currency devaluation, with its fixed supply contrasting with the potential depreciation of the dollar. This approach positions MicroStrategy more as a long-term macro investor than a speculative trader, leveraging institutional tools to potentially benefit from future monetary trends.

Bitcoin is entering a new market phase characterized by institutional maturity and reduced volatility, according to Ark Invest's David Puell. Following the launch of spot Bitcoin ETFs in 2024, these products have attracted over $50 billion in net inflows, significantly impacting Bitcoin's supply and demand dynamics. Puell notes that ETFs and digital asset treasury strategies now absorb about 12% of Bitcoin's total supply, driving price action through 2025 and potentially into 2026. Ark Invest projects Bitcoin's price could reach $300,000 in a bear case,$710,000 in a base case, and $1.5 million in a bull case by 2030. The firm attributes the largest share of potential upside to institutional investment. Additionally, Bitcoin's volatility has decreased, with recent drawdowns not exceeding 36%, which may attract more conservative investors. Regulatory clarity and macroeconomic conditions, such as the end of U.S. monetary tightening, could further support Bitcoin's growth.

Morgan Stanley hat eine S-1-Registrierung für Spot-ETFs von Bitcoin und Solana eingereicht, was die Anerkennung kryptobasierter Vermögenswerte durch die traditionelle Finanzwelt über BTC und ETH hinaus auf SOL ausweitet. Dieser Schritt, unterstützt durch die 6,4 Billionen US-Dollar an verwalteten Vermögenswerten von Morgan Stanley, wird erwartet, erhebliche neue Kapitalzuflüsse und eine Neubewertung der Marktwerte zu bewirken. In einer parallelen Entwicklung hat Bank of America seinen 15.000 Vermögensberatern die Empfehlung erlaubt, ihren Kunden eine Allokation von 1 % bis 4 % in Spot-ETFs für Bitcoin vorzuschlagen. Dies markiert einen bedeutenden Einstieg für Billionen an traditionellen Vermögensverwaltungsressourcen, was möglicherweise den Anstieg von Bitcoin auf 100.000 US-Dollar beschleunigen könnte. Zudem verzeichneten Spot-ETFs für Bitcoin innerhalb eines Tages einen Nettozufluss von 697 Millionen US-Dollar, der höchste in drei Monaten, wobei BlackRocks IBIT mit 372 Millionen US-Dollar den größten Anteil beisteuerte. Auch ETFs für Ethereum, Solana und XRP verzeichneten Nettozuflüsse, was auf eine breite institutionelle Verschiebung hin zu einer umfassenden Allokation kryptobasierter Vermögenswerte hindeutet.

Die Markttätigkeit von Bitcoin hat dieses Wochenende stark zugenommen, getrieben von starkem institutionellem und privatem Interesse. Institutionelle Aktivitäten, einschließlich ETF-Pläne und große Haltepositionen, halten Bitcoin weiterhin im Mittelpunkt der bullischen Trends. Frühe Bitcoin-Adopter, die Bitcoin zu niedrigen Preisen erworben haben, beeinflussen weiterhin die Marktsentiment, während moderne Anleger sich auf langfristige Strategien konzentrieren. Meme-Coin wie PEPE und DOGE steigern die Hype unter Privatanlegern, wobei PEPE die führende Rolle in sozialen Medien und Handelsvolumen einnimmt. Dogecoin bleibt aufgrund von Whale-Transaktionen und technologischen Entwicklungen weiterhin prominent. Solana und Ethereum gewinnen ebenfalls an Aufmerksamkeit durch ihre Staking-Funktionen beziehungsweise institutionelle Investitionen. Gleichzeitig verkaufte Bitfarms eine Anlage in Paraguay für 30 Millionen US-Dollar, und Tether hält 8,42 Milliarden US-Dollar an Bitcoin, was auf erhebliches institutionelles Interesse hinweist.

JPMorgan analysts forecast that after a historic $130 billion inflow into the crypto market in 2025, representing a year-on-year increase of approximately one-third, the trend of rising inflows is expected to continue into 2026. The primary drivers of this growth are anticipated to shift towards institutional investors. The 2025 inflow surge was largely fueled by Bitcoin and Ethereum ETFs and allocations by Digital Asset Treasury (DAT) companies. However, institutional participation, as reflected in CME futures, showed a noticeable slowdown compared to 2024.

BlackRock, the world's largest asset manager, has reached a new milestone with its total assets under management hitting a record $14 trillion. This growth is largely attributed to the increasing demand for exchange-traded funds (ETFs), which have seen significant inflows as investors seek diversified and cost-effective investment options. The surge in ETF popularity has bolstered BlackRock's position in the financial markets, reflecting a broader trend of institutional interest in these investment vehicles.

Ethereum faces a $5 billion stress test, what are the three scenarios for 2026?the largest corporate holder of Ethereum, has successfully staked 1.53 million ETH, a position valued at more than $5 billion.

This massive allocation captures approximately 4% of all staked ETH and has effectively forced the network into a new phase of institutional stress testing.

Consequently, the total amount of Ethereum locked in the blockchain's beacon chain has pushed to a fresh all-time high of more than 36 million ETH. Notably, this figure accounts for nearly 30% of the network’s circulating supply.The liquidity squeeze
The most immediate market impact of BitMine’s deployment is a sharp reduction in ETH's “effective float.”

When a major entity stakes 1.53 million ETH, the assets do not disappear from the ledger; they simply become significantly harder to mobilize.

ETH's validator economics and protocol rules impose friction that fundamentally alters the asset's liquidity profile. Unlike cold storage assets, which can be sent to an exchange in minutes, staked ETH is subject to activation queues and withdrawal limits.

For context, the sheer scale of BitMine's move has caused immediate congestion on the network layer. The Ethereum staking validator entry queue has reached more than 2.3 million ETH, with a wait time of roughly 40 days. Notably, this is its highest level since August 2023.For financial markets, this number is significant because ETH's spot price is set at the margin by available liquidity rather than theoretical total supply.

So, if demand from other institutional actors remains constant while this “sticky” supply is removed from circulation, the reduced float can amplify price moves in either direction.Yield narrative
BitMine’s own communications highlight the primary driver of this strategy: yield generation.

Earlier this week, the firm projected that it could generate approximately $374 million annually, assuming a composite staking rate (CESR) of 2.81%. That translates to more than $1 million in daily revenThe hidden cost
While price and yield dominate the headlines, the most significant “second-order effect” of BitMine’s move is the reintroduction of governance and operational risk.

With a stake representing roughly 4% of the total 36 million ETH staked, BitMine has become a “top-tier” validator presence large enough to influence risk models.Compliance Pressure: A regulated, high-profile operator creates a focal point for political or legal pressure. Even without malicious intent, the perception that a large validator could be compelled to censor transactions creates a “protocol risk premium.” The market may discount the asset if it fears that the base layer's neutrality is compromised by corporate compliance burdens.
Market Reflexivity: A concentrated stake becomes a macro variable. If ETH rallies on the news of “treasury adoption,” it can just as easily sell off on fears of a “treasury unwind.” Investors must now ask not only what the Ethereum Foundation or developers are doing, but what BitMine intends to do with its significant ETH bag.

Exchanges, ETFs, treasury companies, governments, whales and Satoshi Nakamoto - these are the biggest holdersWhen grouping different wallets together into an entity, Satoshi Nakamoto - the pseudonymous creator of Bitcoin - is the largest holder of the currency, in possession of 1.096 million BTC (around $101 billion). Arkham’s tags are derived from a known mining pattern referred to as the Patoshi Pattern, and include the only (known) addresses from which Satoshi spent BTC from. Arkham’s research indicates he acquired this amount as a reward for mining 22,000 blocks.When it comes to individual addresses, the wallet holding the largest amount of BTC is a Binance exchange cold wallet, with almost 250,000 Bitcoin. Using Arkham, we can see which specific wallets hold the most Bitcoin:Bitcoin is a decentralized digital currency which operates on the blockchain - a peer-to-peer network. Because of these properties, nobody is the real owner of the Bitcoin network as a whole, but individuals can access & own the Bitcoin controlled by their own private keys.Bitcoin’s substantial appreciation in price, to around $126,000 in October 2025 and a peak market capitalization of $2.48 trillion, has consequently produced several Bitcoin billionaires and other affluent holders along the way. In this article, we’ll take a look at some of the people, companies and wallets which have become crypto whales and investigate the amounts of Bitcoin they hold, based on on-chain data and their own public announcements.Note: Bitcoin’s price is constantly fluctuating and the amount of BTC held by specific wallets may change over time. To stay up to date with the latest, sign up to Arkham and review our Bitcoin token page to see the top token holders.Satoshi Nakamoto is the largest holder of Bitcoin, in possession of 1.1 million Bitcoin worth approximately $101 billion at today’s prices.
Coinbase is the second-largest entity with holdings of 885k BTC. BlackRock has 778k, Binance has 629k, Fidelity Custody has 472k, and Strategy has 415k (although Strategy controls 674k BTC but some of this BTC is attributed to Fidelity Custody on-chain due to their omnibus custodial method)The United States Government holds 328k BTC. These holdings are from various asset seizures of criminal organisations.
There are multiple unknown Bitcoin billionaire wallets, with most being inactive following the initial inflow of Bitcoin to the wallet.LARGEST BITCOIN WALLETS
The Arkham Intel Platform groups wallets associated with one person or organisation into “entities”. Entities are useful because ‍large holders rarely keep all their assets in a single wallet for security and operational reasons. By grouping all associated wallets into a single entity, the Intel Platform provides a much more accurate and complete picture of that entity's total holdings and influence in the cryptoHowever, it is also possible to look at individual wallets, separated from their labelled entity. Below is a table of the top individual wallets. The top four are all cold wallets controlled by the world’s largest exchanges.

The fifth largest wallet is controlled by the U.S. Government from the Bitfinex Hack Recovery. The sixth largest is a wallet controlled by Tether to manage their Bitcoin reserves.

Market Share Expansion: Broadcom's total AI-related backlog reached $73 billion, with nearly $20 billion attributed to non-accelerator content, highlighting the increasing significance of networking and optical components as revenue sources, thereby solidifying its market position.
Technological Innovation: The early adoption of 800G optical modules and 1.6T silicon photonics interconnects demonstrates Broadcom's technological edge in meeting the demands of hyperscale AI clusters, which is expected to drive rapid growth in the future.Analyst Views on AVGO
Wall Street analysts forecast AVGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVGO is 398.73 USD with a low forecast of 300.00 USD and a high forecast of 480.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
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13.21% Upside

As the Senate prepares to consider crypto market structure legislation, here are four key things to know about the risks unregulated crypto poses to consumers and the banking system and how a comprehensive approach can solve for these risks while promoting responsible innovation.Context. Congress is establishing a regulatory framework for crypto through legislation to provide clear rules for the road for consumers and investors and promote regulatory clarity that supports U.S. innovation and leadership on digital assets. This legislation is an opportunity for lawmakers to address any attempt to evade the intent of the GENIUS Act, which, among other things, prohibits stablecoins from paying interest or yield. Other concerns warranting legislative solutions are the illicit finance risks presented by crypto. Addressing attempts to evade the GENIUS Act’s interest prohibition is necessary toStablecoin growth would likely displace bank deposits and reduce bank credit to the real economy, contrary to false claims by the crypto industry. The precise extent to which stablecoin growth would displace deposits depends on how several policy questions are resolved by Congress and U.S. regulators.The risk of significant deposit flight will be exacerbated if stablecoin issuers can indirectly pay interest through affiliates or other third parties. Yield or interest payment agreements between stablecoin issuers and affiliates or exchanges undermine the GENIUS Act’s prohibition regarding payment of interest and yield. The resultThe risk of significant deposit flight will be exacerbated if stablecoin issuers can indirectly pay interest through affiliates or other third parties. Yield or interest payment agreements between stablecoin issuers and affiliates or exchanges undermine the GENIUS Act’s prohibition regarding payment of interest and yield. The resultwill be greater deposit flight risk, especially in times of stress, that will undermine banks’ ability to provide credit to consumers and businesses and support economic growth. Some crypto companies style these interest payments as “rewards,” but rewards are just interest by another name. For example, one crypto firm has a revenue-sharing agreement in which it gives interestpayments to investors via a different crypto firm.Crypto lending and borrowing via DeFi platforms present a risk of loss to consumers and could transmit crypto shocks to the broader financial system. DeFi lending platforms operate like highly levered banks. However, contrary to traditional banks, DeFi platforms do not have deposit insurance or access to a lender of last resort, nor are they held to capital or liquidity requirements or regular examination.Despite the GENIUS Act, crypto pathways remain available for drug traffickers, terrorists and other criminals to exploit the U.S. financial system. These illicit actors use unhosted and internationally hosted wallets as well as DeFi platforms to evade detection and access the U.S. financial system.

Stablecoin interest regulation is tightening globally, with a strong push in the U.S. (via the GENIUS Act (H.R. 2392) and Digital Asset Market Clarity Act (H.R. 3633)) to prohibit stablecoin issuers from paying direct interest or yield to users, treating them more like payment instruments than bank deposits to protect traditional banking deposits and financial stability. While direct issuer payments are banned, loopholes exist for third-party platforms (Crypto Asset Service Providers - CASPs) to offer rewards through activities like staking or trading, though regulators aim to close these gaps, with approaches varying from outright bans to restricted allowances for professional investors. Key Regulatory Trends
Prohibition on Direct Interest: Major jurisdictions, including the U.S., are moving to ban stablecoin issuers from paying interest on stablecoin balances, distinguishing them from bank deposits.
Focus on Third-Party Platforms (CASPs): Regulators are scrutinizing yields offered by exchanges (CASPs) through activities like staking, liquidity provision, or governance, with some proposals seeking to ban these for retail users.Preventing Deposit Flight: A core motivation is to stop stablecoins from draining deposits from insured banks, which could harm financial stability and credit availability.
U.S. Legislation (GENIUS Act/Clarity Act): These laws aim to create a clear framework, forbidding interest on payment stablecoins while potentially allowing tokenized bank deposits to offer advantages, say Paul Hastings LLP and The Business Times.Impact on Users & Industry
Shift in Investor Strategies: Investors may need to shift from earning passive yield to participating in more active crypto activities.
Increased Scrutiny on CASPs: Crypto exchanges and platforms will face stricter rules on how they structure rewards, with potential restrictions on retail offerings.
Competition with Tokenized Deposits: Regulated tokenized bank deposits could become more attractive than stablecoins if they can offer competitive returns, per Arnold & Porter. Current Status
The U.S. Congress is actively debating these frameworks (e.g., the Digital Asset Market Clarity Act), with banking groups pushing for strong prohibitions on inducements.

Große Zuflüsse zu Börsen haben historisch die kurzfristige Volatilität erhöht, da sie die Möglichkeit eines Marktzutritts von Angebot erhöhen.

Obwohl Einzahlungen auf Coinbase Prime nicht immer einen unmittelbaren Verkauf anzeigen, werden sie von Händlern genau beobachtet, da sie manchmal ein Vorzeichen für eine größere Aktion sein können. Händler reagieren auf BlackRocks Bitcoin-Übertragung
Reaktion auf X war rasch, wobei Händler zwischen Besorgnis und Skepsis geteilt waren. Ein dritter X-Nutzer bemerkte, dass Einzahlungen auf Coinbase Prime „nicht immer Verkäufe bedeuten.“

Dusk Network positions itself at the intersection of privacy tech and regulated finance, but its market structure reveals underappreciated trade-offs. The protocol’s compliance-first design favors permissioned asset flows and institutional issuers, which structurally limits organic DeFi liquidity compared to open L1s. On-chain activity remains episodic, driven more by pilot programs and test issuances than by continuous user demand, creating uneven fee generation and validator incentives.From a design perspective, Dusk’s use of zero-knowledge primitives for selective disclosure introduces governance friction: upgrades affecting compliance logic require higher coordination costs than typical DeFi parameter changes. Tokenomics further reflect this bias staking rewards are decoupled from transaction throughput, weakening the feedback loop between network usage and token value.In a market increasingly dominated by liquidity fragmentation and RWA narratives, Dusk’s challenge is not technical viability but scaling economic density. Its success hinges on whether regulated asset issuance can generate sustained on-chain velocity rather than isolated, compliance-driven deploymentsDusk Network: the Privacy Blockchain for Financial ApplicationsDusk Network is technology for securities. An open source and secure blockchain (DLT) infrastructure that businesses use to tokenize financial instruments and automate costly processesVirtual Machine - Rusk
Rusk enables you to program smart contracts, power new decentralised applications (dapps) and set parameters for compliance and control.

The Rusk VM relies entirely on zero-knowledge cryptography and is the world’s first Zero-Knowledge Virtual Machine (ZK-VM) implementation. Yes, even gas fee refunds, block rewards and other related transactions are obfuscated.Zero-Knowledge - PLONK
We are using PLONK, the latest and most recent advancement in zero-knowledge cryptography. Zero-Knowledge is paramount for public blockchain collaboration, because it allows businesses to transact securely and in strict privacy.

Fast immutable data - Kelvin
We created Kelvin in order to speed up immutable data storage. Kelvin is an exceptionally fast and cool Merkle Tree tool-kit for optimized data structure modellConsensus - Proof of Blind Bid
Dusk Network is powered by Proof of Blind Bid. Our novel privacy Proof-of-Stake consensus algorithm is energy conscious, and brings unprecedented network security due to its dual node structure: Block generators and provisioners.

Network Fuel - DUSK
Businesses use DUSK to pay for network services, such as deploying and running a smart contract, transferring DUSK or XSC based security tokens.

For each transaction submitted to the network, DUSK is used to compensate network nodes for bandwidth, verification, and storage.ing.Security Token Standard - XSC
All to enable businesses of all sizes to easily use our XSC 2.0 standard and issue security tokens.

Key Highlights for December 2025

As of December 31, 2025, the Company held approximately 155,227.3[1] ETH.
Based on a closing ETH price of approximately $2,967, as of December 31, 2025, the market value of the Company's ETH holdings was approximately $460.5 million.
During the month of December 2025, the Company acquired approximately 366.8 ETH.
The Company's total average ETH acquisition price for all holdings was approximately $3,045 as of December 31, 2025.
The Company staked an additional 642 ETH during the month. The Company's total staked ETH was ~138,263, or ~89% of its total ETH holdings, as of December 31, 2025.
Staking operations generated approximately 389.6 ETH in rewards during the period, representing an annualized yield of approximately 3.5%.
Bit Digital shares outstanding were 323,792,059 as of December 31, 2025.
The Company maintains ownership of approximately 27.0 million WhiteFiber (WYFI) shares with a market value of approximately $427.3 million as of December 31, 2025About Bit Digital
Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies. The Company began accumulating and staking ETH in 2022 and now operates one of the largest institutional Ethereum staking infrastructures globally. Bit Digital's platform includes advanced validator operations, institutional-grade custody, active protocol governance, and yield optimization. Through strategic partnerships across the Ethereum ecosystem, Bit Digital aims to deliver exposure to secure, scalable, and compliant access to onchain yield. Bit Digital also holds a majority equity stake in WhiteFiberInvestor Notice
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (Annual Report) and any subsequently filed Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe