Blockonomi

TLDR

European regulators launch formal privacy investigation into X’s Grok AI chatbot for generating deepfake images without consent

Irish Data Protection Commission leads probe into potential GDPR violations involving sexualized AI-generated content of adults and children

Grok sparked controversy after creating revealing images of real people using artificial intelligence editing tools

X faces multiple investigations across Europe including separate Digital Services Act probe and inquiries in France and UK

Irish regulator will examine X’s data protection practices and compliance with EU privacy regulations

The Irish Data Protection Commission has initiated a formal European Union investigation into Elon Musk’s X platform. The probe targets the Grok AI chatbot over concerns about nonconsensual deepfake image generation.

BREAKING: Ireland’s data watchdog has opened an investigation into X over explicit images generated and shared using Grok.

This is a targeted attack on Elon Musk and an attack on free speech under the guise of content moderation. pic.twitter.com/d1CYZ6kAl9

— DogeDesigner (@cb_doge) February 17, 2026

The investigation was officially announced Tuesday after X received notification on Monday. Ireland’s data watchdog will examine whether the social media company violated the General Data Protection Regulation. X’s European headquarters in Dublin places the Irish regulator in charge of EU-wide enforcement.

The inquiry focuses on Grok’s ability to create intimate and sexualized images of real individuals. These AI-generated deepfakes include images of both adults and children. Users could prompt Grok to digitally alter photos by adding transparent clothing or removing garments entirely.

Media reports first highlighted the issue several weeks ago. The Data Protection Commission began engaging with X immediately after these initial reports surfaced. However, authorities decided formal investigation was necessary after X’s response proved inadequate.

Grok AI Capabilities Raise Privacy Concerns

Grok uses artificial intelligence to generate and edit images based on user prompts. The chatbot is built by Musk’s company xAI and integrated directly into X. All interactions with Grok and its generated content remain publicly visible on the platform.

Last month, researchers discovered that Grok would fulfill requests to create revealing images of real people. Some of these AI-generated images appeared to feature minors. The discovery triggered immediate backlash from child safety advocates and privacy experts.

X implemented certain restrictions on Grok following the controversy. The company has not disclosed specific details about these limitations. European authorities concluded the changes were insufficient to address privacy violations.

Deputy Commissioner Graham Doyle confirmed the regulator’s ongoing engagement with X. The formal investigation will examine multiple aspects of GDPR compliance. These include data processing principles, lawfulness of processing, and data protection by design requirements.

Multiple European Investigations Target X Platform

The Irish privacy probe represents one of several regulatory actions against X. The European Commission opened a separate investigation under the Digital Services Act last month. That inquiry examines X’s efforts to prevent illegal content distribution including child sexual abuse material.

French prosecutors escalated their scrutiny earlier this month. Authorities raided X’s Paris office and summoned Musk for questioning. The French investigation runs parallel to the Irish-led privacy probe.

British regulators have also launched their own inquiries despite the UK leaving the European Union. Both data privacy and media regulators in Britain are examining Grok’s image generation capabilities. These investigations operate independently from the EU probes.

GDPR violations carry substantial financial penalties. Companies can face fines up to 4% of global annual revenue or €20 million, whichever amount is higher. The Irish regulator coordinates enforcement across all EU member states for companies headquartered in Ireland.

X has not responded to multiple requests for comment about the investigations. The company faces mounting pressure from regulators across Europe. Irish media regulator Coimisiún na Meán will participate in the Digital Services Act investigation due to X’s Dublin location.

The post X Platform Under Investigation as Grok AI Creates Deepfake Images of Children appeared first on Blockonomi.

TLDR

Claude chatbot reached No. 7 on U.S. App Store after Anthropic’s Super Bowl commercial, up from No. 41 before the game

Daily active users increased 11% and site visits rose 6.5% following the ad that criticized ChatGPT’s introduction of advertisements

U.S. downloads jumped 32% to 148,000 in the three days after the Super Bowl compared to the previous three-day period

OpenAI CEO Sam Altman called Anthropic’s commercial “deceptive” and “clearly dishonest” on social media

Anthropic just closed a $30 billion funding round at a $380 billion valuation, more than double its September 2025 valuation

Anthropic’s Claude chatbot achieved its highest App Store ranking following a Super Bowl advertisement that criticized competitor OpenAI. The AI assistant jumped from No. 41 to No. 7 on the U.S. App Store in the days after the game. This marks Claude’s best performance since launching on iOS in May 2024.

OpenAI's dominance is crumbling. This week alone, Gemini surpassed ChatGPT in daily conversations for the first time ever, and Anthropic's DAU jumped 11% after their Super Bowl ad. Notably, Anthropic's ad went viral precisely because it mocked OpenAI for introducing ads into AI.… pic.twitter.com/ejrrYT0Px2

— M (@MissMi1973) February 14, 2026

The Super Bowl commercial focused on positioning Claude as an ad-free alternative to ChatGPT. Anthropic’s campaign highlighted OpenAI’s recent decision to introduce advertisements into its chatbot. The message reached 125 million U.S. viewers during the big game.

Data from BNP Paribas shows Claude delivered the strongest performance among AI companies advertising during the Super Bowl. Daily active users grew 11% in the period following the game. Site visits increased 6.5% during the same timeframe.

ChatGPT saw a 2.7% increase in daily active users after its Super Bowl ad. Google Gemini added 1.4% to its user base. Meta also ran AI-focused commercials during the broadcast.

Download Numbers Show Strong Response

Appfigures tracking data reveals Claude’s U.S. downloads on iOS and Android reached 148,000 from Sunday through Tuesday after the Super Bowl. This represents a 32% increase compared to the 112,000 downloads during the previous Thursday through Saturday period. Daily average installs climbed from 37,400 to 49,200.

Global downloads for Claude also increased 15% during the week following the Super Bowl. The growth appears connected to both the advertising campaign and Anthropic’s recent release of its Opus 4.6 model. This performance contrasts sharply with Claude’s initial iOS launch, which generated only 157,000 global installs in the first week and peaked at No. 55 in U.S. rankings.

Public Rivalry Between AI Companies Intensifies

OpenAI CEO Sam Altman responded publicly to Anthropic’s Super Bowl campaign on social media platform X. He described the commercials as “deceptive” and “clearly dishonest.” The exchange marks a shift from the previously quiet competition between the two AI companies.

Both organizations are competing for enterprise customers and top engineering talent. They’re also raising unprecedented amounts of private capital. Anthropic completed a $30 billion funding round this week at a $380 billion post-money valuation.

This valuation more than doubles what Anthropic was worth during its September 2025 fundraising. OpenAI maintains the lead in total capital raised with last year’s record-breaking private tech funding round. The company is currently negotiating what could become a $100 billion funding round.

Both Anthropic and OpenAI are expected to pursue IPOs later in 2026. Executives from each company have become more vocal in recent weeks about their competitors’ business practices. The Super Bowl advertising battle represents the most public phase of their rivalry yet.

Claude’s user base remains smaller than ChatGPT and Google Gemini despite the recent growth. The App Store ranking improvement and download surge indicate early momentum from Anthropic’s consumer marketing strategy and its positioning as an ad-free AI assistant alternative.

The post Claude AI Jumps to No. 7 App Store as Anthropic Blasts OpenAI ChatGPT Ads appeared first on Blockonomi.

TLDR

Spain’s government has ordered criminal investigations into X, Meta, and TikTok over AI-generated child sexual abuse material on their platforms

Prime Minister Pedro Sanchez directed prosecutors to examine potential crimes related to creation and distribution of AI child pornography

Ireland opened a separate investigation into xAI’s Grok chatbot for processing personal data and generating harmful sexualized content

The probes are part of wider European regulatory crackdown on big tech companies over platform safety and content moderation

Spain previously proposed banning social media for users under 16 as part of child protection initiatives

Spain has initiated criminal investigations against three major social media platforms for allegedly distributing AI-generated child sexual abuse material. Prime Minister Pedro Sanchez announced Tuesday that prosecutors will investigate X, Meta, and TikTok for their alleged role in spreading this illegal content.

Spanish govt orders ⁠prosecutors ⁠to ​investigate social media platforms ⁠X, Meta ‌and ​TikTok for ⁠allegedly ⁠spreading AI-generated child ⁠sexual ⁠abuse ‌material, Prime ⁠Minister Pedro Sanchez says in social media ​post pic.twitter.com/uDpCDXfIaj

— TRT World Now (@TRTWorldNow) February 17, 2026

The Spanish government directed prosecutors to examine potential crimes committed through the creation and dissemination of child pornography using AI technology. Sanchez emphasized that the state cannot tolerate these activities. He declared that the impunity of tech giants must end.

“These platforms are undermining the mental health, dignity, and rights of our children,” Sanchez wrote on X. The three companies did not immediately respond to requests for comment on the investigation. The probe marks Spain’s latest effort to hold technology companies accountable for content on their platforms.

Europe Intensifies Tech Platform Regulation

The Spanish investigation comes during a period of increased European regulatory action against big tech firms. Authorities across the continent have targeted companies for various practices. These include anti-competitive behavior in digital advertising and deliberately addictive social media features.

Spain is not the only country examining AI-generated explicit content. Multiple governments have launched investigations into sexually explicit material created by xAI’s Grok chatbot. Countries have imposed bans and demanded new safeguards to prevent illegal content generation.

Ireland’s Data Protection Commission opened a formal investigation into Grok on Tuesday. The probe will examine the chatbot’s processing of personal data. It will also investigate Grok’s capacity to produce harmful sexualized images and videos, including depictions of children.

Earlier this month, Sanchez unveiled several measures to protect children online. The proposals include prohibiting social media access for users under 16 years old. These initiatives represent part of a comprehensive government strategy to combat online abuse.

Tech Companies Face Multiple European Investigations

French authorities raided X’s offices earlier this month as part of a separate investigation. Prosecutors ordered Elon Musk to answer questions as European regulators increase scrutiny of the platform. The French action demonstrates the coordinated nature of European enforcement efforts.

Spain’s parliament began investigating Meta in November for potential privacy violations. The probe examines how Facebook and Instagram manage user data. This investigation adds to mounting regulatory challenges facing major tech companies operating in Europe.

The Spanish government’s directive to prosecutors represents another escalation in Europe’s approach to regulating technology platforms. Authorities continue examining how social media companies moderate content and safeguard vulnerable users. The investigation into AI-generated child abuse material opens a new chapter in these enforcement actions.

None of the three platforms named in the Spanish investigation have issued statements regarding the allegations. The companies face growing pressure to implement stronger content moderation systems and AI safety controls across their platforms.

The post Spain Launches Criminal Probe Into X, Meta, and TikTok Over AI Child Abuse Content appeared first on Blockonomi.

TLDR

Elon Musk’s SpaceX and xAI join Pentagon’s competition for autonomous drone technology

Six-month contest offers $100 million to develop voice-command drone systems

Competition launched January 2026, requires technology to control multiple drones simultaneously

Musk signed 2015 letter opposing autonomous weapons before entering this contest

SpaceX merged with xAI before planned IPO and competition announcement

SpaceX and its subsidiary xAI are competing in a Defense Department contest focused on autonomous drone systems. The program seeks voice-controlled technology capable of managing multiple drones at once.

BREAKING: SpaceX and xAI Enter Pentagon’s $100M Autonomous Drone Swarm Contest

>voice-controlled AI directing drone swarms across air and sea

Six-month competition to build AI that translates voice commands into drone swarm instructions.

>pentagon official: AI “will… pic.twitter.com/1vieBImWQT

— NIK (@ns123abc) February 16, 2026

The Pentagon introduced the $100 million competition in January 2026. Several companies received invitations to participate in the classified program.

Sources familiar with the contest confirmed SpaceX’s involvement. The Defense Innovation Unit has not publicly commented on the competition details.

The six-month challenge requires participants to build systems that convert spoken words into drone commands. These systems must operate multiple unmanned aircraft simultaneously through voice control.

SpaceX completed its purchase of xAI before joining the competition. The acquisition combined Musk’s aerospace company with his artificial intelligence venture.

The deal closed ahead of SpaceX’s planned stock market debut in 2026. SpaceX operates from Texas and maintains existing defense contracts.

Defense Department Accelerates Drone Programs

The Defense Secretary announced plans last year to expand drone capabilities. The strategy focuses on cutting red tape and boosting American drone production.

Military planners want faster deployment of unmanned aircraft technology. The approach aims to reduce development timelines for new drone systems.

Security officials are working to improve drone defense measures. Concerns have increased about unauthorized drones near airports and public gatherings.

The FIFA World Cup and America250 celebrations take place this summer. Authorities want enhanced drone security ready before these events begin.

Musk’s Changing Position on Military AI

Musk joined other technology experts in signing a 2015 open letter about autonomous weapons. The document called for international restrictions on AI-powered military systems.

The letter opposed creating automated tools designed for combat. Signers expressed worry about artificial intelligence in warfare applications.

SpaceX’s entry into the drone contest represents a departure from that stance. The company has maintained defense relationships for multiple years.

xAI was already a SpaceX subsidiary before the formal merger. The consolidation unified the companies under one corporate umbrella.

AI Firms Secure Pentagon Funding

Four major AI companies won Defense Department contracts in 2025. OpenAI, Google, Anthropic, and xAI each received agreements worth up to $200 million.

These contracts support AI integration across military operations. The Pentagon wants to scale advanced AI tools throughout its departments.

The agreements cover various artificial intelligence applications. Contract specifics remain confidential under defense procurement rules.

The drone competition runs separately from these existing contracts. Winners will receive portions of the $100 million prize pool.

Competition Technical Requirements

Participants must develop swarming technology for the contest. Systems need to process natural language and coordinate multiple drones.

The technology must interpret voice commands accurately. It then executes those instructions across a fleet of unmanned aircraft.

Companies have six months to build working prototypes. Evaluation methods and judging criteria have not been released publicly.

The competition aims to advance military drone capabilities through commercial innovation. Selected companies are developing their systems under strict confidentiality agreements.

The post Elon Musk’s SpaceX Enters Pentagon’s $100 Million Drone Technology Race appeared first on Blockonomi.

As cryptocurrency adoption continues to grow beyond trading and into everyday services, more digital platforms are beginning to integrate crypto payments into practical, real-world use cases. One of the latest examples is the launch of a new crypto-powered eSIM purchasing service by BuyNumber.io, allowing users to buy mobile data plans with digital assets and activate them within minutes.

The service has recently been introduced by BuyNumber.io, a platform previously known for providing privacy-focused virtual phone numbers. With this expansion, the company is adding international eSIM data coverage to its product range, making mobile-data connectivity accessible in more than 180 countries through cryptocurrency payments.

Why eSIM Is Becoming More Relevant

eSIM (embedded SIM) technology is gradually replacing the need for physical SIM cards. Unlike traditional SIM cards that require users to visit a store, wait for shipping, or manually swap small plastic chips inside their devices, an eSIM is fully digital. The mobile data plan is delivered electronically and installed directly on a compatible smartphone, tablet, or laptop.

After completing a purchase, users typically receive a QR code. By scanning this code from their device settings, the data profile is downloaded and activated. The entire process often takes only a few minutes.

This approach is particularly useful for:

International travelers who want data access immediately after landing

Remote workers who frequently change location

Users who prefer not to rely on local telecom registration processes

Crypto users who prefer paying with digital currencies rather than traditional banking methods

eSIM with Crypto Payments and No KYC

One of the more notable aspects of this new service of BuyNumber.io is that it allows users to complete purchases using cryptocurrency without going through standard identity verification procedures commonly required by telecom providers.

While traditional SIM registrations in many countries involve ID checks and paperwork, digital eSIM distribution through online platforms simplifies the process significantly. For crypto-native users, this aligns with the broader appeal of decentralized payments and privacy-focused services.

How to Buy an eSIM Through BuyNumber.io

The process is designed to be straightforward:

Visit the eSIM section on BuyNumber.io

Select a country, region, or global data plan

Choose the preferred data package and validity period

Complete the payment using supported cryptocurrencies

Receive a QR code and activation details instantly

Once scanned, the data plan becomes active according to the selected package terms.

Expanding the Role of Crypto in Everyday Services

The introduction of crypto-purchased eSIM plans reflects a broader trend: cryptocurrency is increasingly being used for functional services beyond exchanges and digital assets. Travel connectivity, online tools, hosting services, and telecom products are gradually becoming part of this ecosystem.

As mobile usage continues to grow and international mobility becomes more common, digital-first solutions like eSIM — combined with alternative payment methods — may become less of a niche offering and more of a standard option.

The post BuyNumber.io Launches Crypto-Powered eSIM Service appeared first on Blockonomi.

Kingstown, Saint Vincent and the Grenadines (SVG)

Rizz Network Inc. (“Rizz” or the “Company”), the issuer of RZTO, today announced that Nimbus Capital  has entered into a strategic investment commitment in RZTO, marking what industry observers describe as one of the most widely anticipated ecosystem investments of 2026.

The transaction reflects increasing institutional confidence in blockchain networks with real-world utility, and highlights RZTO’s deep integration within Rizz Wireless, a leading rewards-driven Mobile Virtual Network Operator (MVNO) in the United States that combines telecom infrastructure with blockchain, AI, and decentralized physical infrastructure (DePIN) principles.

Under the investment framework, Nimbus Capital will support the long-term growth of the RZTO ecosystem through a structured acquisition and participation strategy aligned with user adoption milestones, ecosystem expansion, and the continued operational scale-up of Rizz Wireless. The investment is designed to reinforce liquidity, accelerate ecosystem development, and support sustained token demand driven by everyday consumer usage.

RZTO is built on the Solana blockchain, leveraging its high-speed, low-latency architecture to enable real-time settlement of rewards at scale. The platform further incorporates AI-driven analytics to optimize reward distribution, user engagement, and network efficiency, ensuring a seamless experience for millions of micro-transactions generated by telecom usage.

Founded by Ganpatsingh Rajput and Harveer Singh, RZTO was envisioned as a practical application of blockchain technology, moving beyond speculative use cases into AI-enabled, real-life utility. The project aligns closely with DePIN concepts, where decentralized infrastructure, user participation, and tokenized incentives converge to support scalable, real-world networks such as telecom.

“We welcome this strategic commitment in the current market scenario,” said Ganpatsingh Rajput, along with Harveer Singh. “RZTO was designed from day one to combine blockchain, AI, and real-world infrastructure. This investment validates our belief that utility-driven DePIN models represent the next evolution of Web3.”

Within Rizz Wireless, RZTO serves as a core utility asset, powering customer rewards, engagement incentives, and merchant redemptions. Through RZTO, customers can access over 400+ across major national and local brands, enjoying rewards in real time for everyday mobile usage on the Rizzentials platform of Rizz Wireless.

Rizz Wireless is currently the only telecom company that rewards customers for talking, texting, and even unused mobile data, transforming traditional telecom activity into a value-generating experience backed by blockchain settlement and AI-driven optimization.

“We are excited to welcome Nimbus Capital into the RZTO ecosystem,” said Ganpatsingh Rajput, Founder and CEO of Rizz Wireless. “Their participation strengthens our mission to build an AI-enabled, DePIN-aligned telecom network and we look forward to strong, sustainable growth together.”

Nimbus Capital highlighted RZTO’s clear utility, Solana-based real-time settlement, AI-driven engagement model, and DePIN-aligned infrastructure as key drivers behind its investment commitment.

“RZTO represents a new class of blockchain projects, one that bridges real-world telecom infrastructure with AI and DePIN at scale,” said Robert Baker, Managing Partner at Nimbus Capital. “By combining AI, DePIN principles, and an active consumer telecom platform, RZTO delivers tangible utility and revenue from day one. We are partnering closely with the team to provide not only growth capital, but also strategic market support, liquidity planning, and access to our global network as they scale.”

The Company expects the strategic relationship to accelerate merchant partnerships, expand AI-powered reward programs, and further strengthen RZTO’s position as a leading real-world DePIN blockchain project throughout 2026 and beyond.

About Rizz Network Inc.

Rizz Network Inc. is a SVG based technology and blockchain infrastructure company focused on building AI-enabled, DePIN-aligned real-world utility for digital assets. Its flagship token, RZTO, built on the Solana blockchain, powers rewards, engagement, and real-time settlement across the Rizz ecosystem, including Rizz Wireless, a leading U.S.-based rewards-driven MVNO.

About Nimbus Capital

Nimbus Capital is a private alternative investment group specializing in cross-border transactions across blockchain technologies and digital asset partnerships. Backed by In On Capital, a boutique wealth management firm with more than $1.4 billion in AUM, Nimbus provides liquidity and structured financing solutions to high-growth companies worldwide. The firm is committed to advancing the global digital economy through strategic investments in tokenization, blockchain infrastructure, and transformative Web3 technologies.

Website: nimbuscapital.io
X: @Nimbus_Capital_
LinkedIn: linkedin.com/company/nimbuscapitalfund

About Rizz Wireless

Rizz Wireless is a U.S.-based Mobile Virtual Network Operator (MVNO) redefining mobile connectivity through a rewards-first, AI-enhanced, blockchain-powered model. By rewarding customers for calls, texts, and unused data through RZTO, Rizz Wireless bridges telecom infrastructure with DePIN economics.

Contact Name : Rizz Network Inc.

Business Email : info@rzto.io

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding AI integration, DePIN alignment, ecosystem growth, and market adoption. These statements are subject to risks and uncertainties that could cause actual results to differ materially.

The post Rizz Network Lands $5M Capital Commitment from Nimbus Capital to Drive Next-Generation AI-DePIN Rizz Wireless Rollout appeared first on Blockonomi.

TLDR

Crypto scammers have targeted Trezor and Ledger users with fraudulent letters aimed at stealing recovery phrases.

The fake letters include QR codes that lead users to phishing websites designed to steal sensitive wallet information.

Cybersecurity expert Dmitry Smilyanets was among the first to report the phishing scam involving Trezor.

Ledger and Trezor never ask users to share recovery phrases through emails, physical mail, or websites.

These phishing attempts are part of ongoing scams exploiting data breaches from 2020 and 2024.

Users of cryptocurrency hardware wallets, including Ledger and Trezor, have again reported receiving fraudulent letters aimed at stealing their recovery seed phrases. These scams have been ongoing for several years, fueled by leaks from major data breaches. The latest wave of attacks, targeting wallet owners, involves fake letters with QR codes that lead victims to phishing websites.

Scammers Use Holograms and Fake Letters to Lure Victims

Cybersecurity expert Dmitry Smilyanets was among the first to report the latest scam, receiving a letter from Trezor on February 13. The letter, which warns users to complete an “Authentication Check” by February 15, contains a fake hologram and a QR code. Smilyanets shared that the QR code leads to a fraudulent website that mimics official Trezor and Ledger setup pages.

The letter claims to be signed by Matěj Žák, who is actually the CEO of Trezor, but the letter falsely attributes this to Ledger. The scam urges users to act quickly, creating a sense of urgency that often leads to poor decisions. This type of social engineering tactic is common in phishing attacks designed to steal sensitive information.

Ledger Users Targeted with Similar Phishing Tactics

This scam isn’t new for Ledger users. In October of 2022, a Ledger user reported receiving a similar letter, which instructed them to complete a “Transaction Check” process. Like the Trezor phishing attempt, the letter included a QR code that led victims to a fraudulent site designed to steal wallet recovery phrases.

Legitimate hardware wallet providers like Ledger and Trezor never ask users to share their recovery phrases via email, phone, or physical mail. Both companies have repeatedly warned users against entering sensitive information on suspicious websites or following unsolicited communication. Despite these warnings, phishing scams continue to adapt and evolve, successfully tricking some users into revealing their private details.

Phishing Websites Harvest Recovery Phrases for Theft

Upon scanning the malicious QR code, users are directed to a fake site where they are prompted to enter their wallet recovery phrases. Once entered, the recovery phrase is transmitted to the attackers, who can then steal the user’s funds. The scam’s clever design tricks even experienced users into entering critical information.

Legitimate wallets never request recovery phrases over the internet or through any communication channels outside of the user’s direct control. The rise of these scams highlights the importance of vigilance among cryptocurrency users, particularly during times of heightened anxiety such as market downturns.

These phishing attempts are part of a broader trend, with data breaches from 2020 and 2024 leading to the exposure of customer information. Trezor’s January 2024 breach, which leaked nearly 66,000 customer details, illustrates the ongoing challenges users face in protecting their assets. Despite security measures, opportunistic attacks are frequent and sophisticated, making it more important than ever to remain cautious and informed.

Scammers Continue to Exploit User Vulnerabilities

Cybersecurity experts have warned that scammers will likely continue to exploit vulnerabilities in the cryptocurrency ecosystem. Deddy Lavid, CEO of cybersecurity firm Cyvers, explained that scams tend to evolve, especially in times of market instability. While scams may slow in times of low market speculation, fear-based tactics, such as fake compliance alerts, become more effective.

Crypto hardware wallet users are encouraged to report any suspicious communications immediately and verify the authenticity of any requests they receive. Both Ledger and Trezor have detailed security guidelines on their websites to help users recognize potential scams.

The post Trezor, Ledger Users Face New Phishing Attacks via Fake Mail appeared first on Blockonomi.

TLDR:

Paxos says regulated stablecoins must meet strict reserve and capital standards to operate in the U.S. market. 

Stablecoins function as payment rails and settlement infrastructure, not as direct replacements for bank deposits. 

Global corporations are now using stablecoins to move millions of dollars in minutes instead of days across borders. 

Banks that issue or custody stablecoins can turn a perceived competitive threat into an entirely new revenue stream.

 

The old stablecoin playbook doesn’t apply anymore, and banks are beginning to take notice. The introduction of the GENIUS Act by the U.S. Congress has pushed financial institutions to reconsider long-held assumptions about stablecoins.

What was once dismissed as a crypto-trader tool has grown into a multi-trillion-dollar market. Banks that continue operating on outdated beliefs risk falling behind fintechs and blockchain-native competitors. The regulatory and commercial landscape has fundamentally shifted.

Outdated Assumptions About Regulation and Risk No Longer Hold

For years, banks treated stablecoins as unregulated, high-risk instruments sitting outside traditional finance. That view no longer reflects reality.

Jurisdictions including Singapore, the European Union, and the United States have established clear frameworks for stablecoin issuance and custody.

The GENIUS Act adds further structure, making regulated stablecoins the only viable path forward in the U.S. market.

Regulated issuers like Paxos already operate under strict reserve management standards and capital requirements. Consumer protections are built into these frameworks, reducing institutional risk considerably.

Banks can now engage with stablecoins knowing that legal guardrails are firmly in place. The compliance infrastructure that once seemed absent is now well established.

The old playbook also treated stablecoins as threats to financial stability. That assumption, too, has aged poorly. Paxos stated that “well-regulated stablecoins actually enhance financial stability by increasing transparency, speed and efficiency.”

On-chain stablecoin transactions are publicly auditable in real time, offering transparency that traditional interbank transfers cannot match.

Paxos further noted that “reserves held in short-term Treasuries are safer than many bank assets.” Banks clinging to outdated risk narratives are working from an incomplete picture.

Global regulatory bodies are aligning on oversight standards at a steady pace. Updating that picture is now a strategic necessity, not just an operational preference.

Banks That Rewrite the Playbook Stand to Gain the Most

The old stablecoin playbook also cast stablecoins as deposit killers threatening bank lending capacity. Paxos pushed back on that directly, stating that “stablecoins serve as rails for payments, settlement and capital efficiency in ways that deposit accounts cannot.”

Banks can issue or custody stablecoins themselves, turning a perceived competitive threat into a growth product. Just as electronic payments once seemed disruptive, stablecoins can expand balance sheets when embraced strategically.

Stablecoins now power cross-border remittances, tokenized asset settlement, and on-chain capital markets at scale. Global corporations are moving millions of dollars in minutes rather than days using stablecoin infrastructure.

Paxos confirmed that “asset managers use them as cash legs for tokenized assets and broker-dealers are leveraging them to create new revenue streams.”

These are not theoretical use cases — they are active, high-volume applications already reshaping global finance.

Paxos was direct in its assessment, saying that “financial institutions that deny this reality are ignoring the signals of market transformation.”

Banks that update their thinking can unlock faster settlement, improved liquidity management, and entirely new client offerings.

The old narrative that stablecoins were only for crypto exchanges has been overtaken by market reality. Those that don’t adapt may find competitors have already claimed that ground.

Paxos summed up the broader shift clearly: “Stablecoins are not a threat to banking — they are an evolution of money that can make banks more competitive.” The window to rewrite the playbook remains open, but it continues to narrow.

Banks that move now can help shape how stablecoins integrate with traditional financial infrastructure. Those that wait may find the terms of that integration have already been set by others.

The post The Old Stablecoin Playbook Doesn’t Apply Anymore: Here’s What Banks Need to Know Now appeared first on Blockonomi.

TLDR:

TRM Labs found that 48% of newly launched darknet markets in 2025 accept only Monero as payment. 

Nearly 14–15% of reachable Monero network peers displayed non-standard peer-to-peer protocol behavior. 

Ransomware actors prefer XMR, yet most real-world ransom payments are still completed in Bitcoin. 

Monero’s on-chain cryptography remains intact, but network-layer dynamics may affect privacy assumptions.

 

Monero continues to maintain stable on-chain transaction activity despite growing regulatory pressure. TRM Labs released new research showing that XMR usage has remained above pre-2022 levels.

Even after major exchanges removed the privacy coin, demand has not dropped. The findings also reveal unusual peer-to-peer network behavior affecting roughly 14 to 15 percent of observable nodes.

Darknet Markets and Ransomware Drive Persistent Demand

Monero’s appeal in high-risk environments has grown considerably over the past few years. Nearly 48 percent of newly launched darknet markets in 2025 support XMR exclusively.

That figure marks a sharp rise compared to earlier years when Bitcoin remained the dominant option. Western-facing markets are leading this shift, partly due to improved tracing capabilities on transparent blockchains.

Ransomware groups still express a clear preference for receiving payments in Monero. However, most actual ransom settlements continue to occur in Bitcoin due to liquidity advantages.

Bitcoin remains easier to acquire and convert at scale, even though it is more traceable. That gap between preference and practice reflects a real tension between privacy and usability.

TRM Labs addressed this directly, stating, “Most ransomware payments still occur in BTC—liquidity matters.” The firm also noted that “48% of new darknet markets in 2025 are XMR-only,” indicating a measurable structural shift in how high-risk actors choose to operate.

Despite exchange delistings and enforcement pressure, XMR activity on Monero remains above pre-2022 levels.

Key findings from our latest research:

48% of new darknet markets in 2025 are XMR-only
Most ransomware payments still occur in BTC — liquidity matters
14–15% of… pic.twitter.com/BYPJMrLaJN

— TRM Labs (@trmlabs) February 16, 2026

Monero’s thinner market structure also contributes to higher price volatility. Over the past 30 days, XMR showed realized volatility roughly 2.5 times that of Bitcoin.

Despite fewer on-ramps and reduced exchange support, on-chain Monero usage has not contracted meaningfully. This pattern points to a user base that actively seeks privacy rather than casual retail participation.

Users accept higher friction and fewer options to preserve anonymity. That behavior keeps Monero relevant even as other assets become more transparent.

Network-Layer Behavior Introduces New Investigative Considerations

TRM Labs also collaborated with academic researchers to study Monero’s peer-to-peer network behavior. Around 14 to 15 percent of reachable peers showed non-standard behavior compared to protocol expectations.

These deviations included irregular handshake patterns, unusual message timing, and atypical peer list composition. The behavior persisted across multiple observation periods, suggesting systematic rather than random causes.

Infrastructure concentration emerged as a recurring pattern within the non-standard peer data. A small number of hosting environments accounted for a disproportionately large share of these peers.

TRM Labs noted that “14–15% of Monero peers show non-standard network behavior,” adding that “network-layer dynamics can influence real-world privacy assumptions.” That visibility can matter even when cryptographic protections remain fully intact.

TRM emphasized that these findings do not reflect a failure of Monero’s cryptography. The on-chain privacy features, including ring signatures and stealth addresses, remain technically sound.

As TRM Labs put it, “Monero’s cryptography remains strong,” yet the firm cautioned that peer-to-peer behavior can introduce structural visibility affecting theoretical anonymity models. Real-world conditions can introduce observable structure that affects certain investigative threat models.

The research does not assign intent or identify specific operators behind the non-standard nodes. It instead describes behavioral patterns that deviate from standard client implementations.

Those patterns, combined with growing XMR-only market adoption, give investigators new structural data points to consider. Monero remains a distinct challenge, but its network layer now draws greater scrutiny.

The post Monero Activity Holds Steady Despite Exchange Delistings, TRM Labs Reports appeared first on Blockonomi.

TLDR:

Axelar Network has integrated Stellar, connecting its payments infrastructure with cross-chain interoperability tools

Solv Protocol, Stronghold, and Squid Router launched live on the Axelar-Stellar integration at launch day.

Stronghold bridges SHx between Stellar and Ethereum, maintaining a unified 1:1 token supply across both chains.

Axelar’s 2026 roadmap targets compliant, institutional-grade infrastructure, aligning closely with Stellar’s focus.

 

Axelar Network has completed its integration with Stellar, linking two key infrastructure layers in the digital asset space.

The move connects Stellar’s payments and asset issuance capabilities with Axelar’s cross-chain interoperability protocol. At launch, Solv Protocol, Stronghold, and Squid Router are already live and operational.

The integration opens new pathways for tokenization, trading, and yield products across blockchain networks for institutional and retail participants alike.

New Cross-Chain Capabilities Reach Builders Immediately

Axelar Network confirmed the integration is live, with projects already building on the combined infrastructure. Stellar brings high throughput, low fees, and native compliance tooling to the table.

Its ecosystem includes payment providers, fintech platforms, and capital markets participants with an established developer base.

The Axelar team announced the milestone on X, stating: “Stellar is now live on Axelar. This integration expands institutional-grade onchain finance, connecting @StellarOrg’s strengths in payments and asset issuance with Axelar’s interoperability layer. At launch, @SolvProtocol, @strongholdpay, and @squidrouter are already live.”

Stellar is now live on Axelar.
This integration expands institutional-grade onchain finance, connecting @StellarOrg’s strengths in payments and asset issuance with Axelar’s interoperability layer.
At launch, @SolvProtocol, @strongholdpay, and @squidrouter are already live.…

— Axelar Network (@axelar) February 16, 2026

Solv Protocol is among the first to build on the combined stack. Solv is a major allocator in tokenized real-world assets and holds the largest onchain Bitcoin reserve.

Through Axelar and Stellar, Solv can extend yield-bearing products into cross-chain markets. Builders can bridge solvBTC to Stellar today using Solv’s cross-chain application.

Stronghold is bridging its SHx token between Stellar and Ethereum through Axelar’s protocol. The bridge maintains a 1:1 supply across both networks while supporting consistent liquidity.

As noted in the announcement, the bridge allows “SHx holders to move assets freely between the two networks while maintaining a unified 1:1 supply.” SHx holders can already move assets between the two chains via Squid Router.

Institutional Adoption Drives the Integration’s Strategic Direction

Axelar Network’s 2026 roadmap, outlined by Common Prefix, centers on institutional adoption and compliant infrastructure.

Stellar’s focus on payments, regulated asset issuance, and compliance-oriented tools aligns well with that direction.

The roadmap specifically targets “strengthening economic security, enabling compliant and privacy-aware infrastructure, and building institutional products up the stack.”

Squid Router already supports bridging assets including XLM and solvBTC on the integrated network. Its role as a liquidity routing layer allows Stellar-based assets to access broader markets without fragmenting developer workflows. This gives builders immediate cross-chain reach from the Stellar ecosystem.

Financial institutions across global markets continue to explore onchain infrastructure for settlement and trading. Axelar and Stellar co-authored a joint article on onchain retail payments published in The Stablecoin Standard.

That collaboration reflects a shared focus on production-ready infrastructure built for institutional participants.

Axelar Network’s integration with Stellar is fully available to builders today. The announcement confirmed that “applications can begin connecting onchain assets and services across both networks today.”

The integration positions both ecosystems to support the continued growth of regulated, cross-chain digital asset products.

The post Axelar Network Integrates Stellar to Power Institutional Cross-Chain Finance appeared first on Blockonomi.

TLDR:

Buterin confirms users need no alignment with his views on AI, DeFi, or culture to use Ethereum. 

He argues calling an app “corposlop” is free speech, not censorship, under Ethereum’s open framework. 

Buterin warns that pretend neutrality weakens values, urging crypto builders to state principles clearly. 

He compares Ethereum to Linux, saying a full-stack value-aligned ecosystem must exist alongside the protocol.

 

Ethereum co-founder Vitalik Buterin has issued a wide-ranging statement on personal views, free speech, and decentralized protocols.

He made clear that users do not need to share his opinions to participate in the Ethereum network. At the same time, he firmly asserted his right to openly criticize applications he disagrees with.

His remarks draw a firm line between protocol neutrality and individual expression within the broader ecosystem.

Ethereum Belongs to No Single Voice

Buterin opened his statement by listing several areas where he holds strong personal views. He wrote, “You do not have to agree with me on political topics to use Ethereum,” adding the same applies to his views on DeFi, AI, and even cultural preferences.

He noted that agreement on none of these topics is required to use Ethereum. This reflects the core promise of a permissionless system.

He was direct in stating that Ethereum is a decentralized protocol. As such, no single person — including himself — speaks for the entire ecosystem.

He noted that “the whole concept of permissionlessness and censorship resistance is that you are free to use Ethereum in whatever way you want.” Users are free to build and transact without seeking approval from any central figure.

You do not have to agree with me on which applications are and are not corposlop to use Ethereum.

You do not have to agree with me on what trust assumptions are acceptable in which situations to use Ethereum.

You do not have to agree with me on political topics to use Ethereum.…

— vitalik.eth (@VitalikButerin) February 16, 2026

However, Buterin acknowledged that his individual voice still carries weight in public discourse. He separated his personal commentary from any form of network-level control.

The distinction, he argued, is essential to understanding what decentralization actually means in practice.

Free Speech Carries Responsibility in Crypto

Buterin addressed the tension between criticism and censorship directly in his post. He stated clearly, “If I say that your application is corposlop, I am not censoring you.”

The network remains open regardless of what he says about any project. This, he argued, is the grand bargain of free speech.

Furthermore, he pushed back against what he described as false neutrality. He wrote that “the modern world does not call out for pretend neutrality, where a person puts on a suit and claims to be equally open to all perspectives.”

Instead, he called for the courage to state principles clearly and to point to negative examples when needed. Criticism, in his view, is a civic responsibility, not an attack.

He also noted that principles cannot remain at the protocol layer alone. He argued that “valuing something like freedom, and then acting as though it has consequences on technology choices, but is completely separate from everything else about our lives, is not pragmatic — it is hollow.” Staying silent on broader social questions, he said, weakens the values themselves.

The Linux Parallel and Full-Stack Value Systems

To illustrate his point, Buterin drew a direct comparison to Linux. He noted that “Linux is a technology of user empowerment and freedom,” yet it also serves as “the base layer of a lot of the world’s corposlop.” The same base layer can serve very different ends. Ethereum, he said, operates the same way.

Because of this, he argued that building the protocol is not enough. He wrote that “if you care about Linux because you care about user empowerment and freedom, it is not enough to just build the kernel.”

A full-stack ecosystem aligned with specific values must also exist alongside it. That ecosystem will not be the only way people use Ethereum, but it must remain available.

He closed by noting that the borders of any shared value framework are naturally fuzzy. He acknowledged that “it is possible, and indeed it is the normal case, to align with any one on some axes and not on other axes.” Ethereum, like Linux, will always serve many communities and value systems at once.

The post Vitalik Buterin: You Don’t Need to Agree With Me to Use Ethereum appeared first on Blockonomi.

TLDR:

Harvard Management Company trimmed nearly 1.5 million Bitcoin ETF shares, reducing its position by roughly 21 percent in Q4 2025. 

HMC purchased nearly 4 million Ethereum ETF shares worth $86.8 million, marking its first-ever exposure to the asset class. 

Bitcoin fell from $126,000 to $88,429 while Ethereum lost 28 percent of its value during Harvard’s repositioning quarter. 

Finance professors from UCLA and University of Washington criticized Harvard’s crypto strategy, questioning valuations and portfolio risk management.

 

Harvard Management Company sold approximately 20 percent of its Bitcoin holdings while placing an $86.8 million bet on Ethereum during the fourth quarter of fiscal year 2025.

The endowment trimmed nearly 1.5 million shares of the iShares Bitcoin Trust yet opened a fresh position in an Ethereum exchange-traded fund.

Securities and Exchange Commission filings released Friday confirmed the moves. Bitcoin remains Harvard’s largest publicly disclosed holding, valued at over $265 million despite the reduction.

Harvard Shifts Crypto Strategy with Ethereum Entry

Harvard Management Company’s $86.8 million Ethereum purchase marked the endowment’s first exposure to the asset.

The fund acquired nearly 4 million shares of an Ethereum ETF, a cryptocurrency Harvard had never previously held.

This move came as Bitcoin was trimmed by roughly 1.5 million shares, reflecting a broader repositioning within the digital asset space.

The quarter proved turbulent for both cryptocurrencies. Bitcoin peaked near $126,000 in October 2025 before sliding to $88,429 by quarter’s end.

Ethereum fared worse, shedding approximately 28 percent of its value over the same period. Harvard’s entry into Ethereum during this price decline suggests the fund saw longer-term opportunity despite short-term losses.

Finance experts, however, raised questions about both moves. Andrew F. Siegel, an emeritus professor of finance at the University of Washington, called the Bitcoin investment outright “risky.”

He pointed to a steep year-to-date decline and challenged the asset’s ability to hold value over time.

“It is down 22.8% year-to-date,” Siegel wrote. “It can be argued that the risk of Bitcoin is partly due to its lack of intrinsic value.”

His remarks cast doubt on whether the endowment’s crypto exposure aligns with its long-term financial responsibilities.

Harvard Exits Key Holdings, Reshuffles Tech Exposure

Avanidhar Subrahmanyam, a finance professor at UCLA, extended his criticism to Harvard’s new Ethereum position as well.

He had previously questioned the Bitcoin investment and noted that his concerns had since proven accurate. His latest remarks were equally pointed about the Ethereum bet.

“In my view, any underdiversified position in something as speculative as crypto does not make sense for HMC,” Subrahmanyam wrote. “If I were to ask them how they value BTC or Ethereum, I doubt I would get a cogent and precise answer.”

He added that he again questioned the wisdom of the Ethereum investment after raising earlier alarms about Bitcoin.

Outside of cryptocurrency, Harvard Management Company made several notable portfolio changes. The endowment opened a $141 million stake in Union Pacific Corporation following the railroad’s announced merger with Norfolk Southern.

Subrahmanyam acknowledged this particular move, saying the Union Pacific investment “may prove valuable” for the university given the proposed transcontinental railroad network it would create.

Harvard also exited two positions entirely, liquidating its full 1.1 million-share stake in Light & Wonder, Inc. and its 92,000-share position in Maze Therapeutics Inc.

On the technology front, Broadcom surged 222 percent within the portfolio while Google and Taiwan Semiconductor rose 25 percent and 45 percent respectively.

Amazon, Microsoft, and Nvidia each saw reductions of 36 percent, 21 percent, and 30 percent. Siegel noted that “the market is generally nervous right now with AI being so new and so expensive to train and deploy,” a factor he said likely drove some of those cuts.

Harvard’s directly held public equity portfolio declined by roughly $25,000 from the prior quarter, representing only a fraction of the university’s $56.9 billion endowment.

The post Harvard Flips the Script: Trims Bitcoin by 20%, Enters Ethereum Market With $86.8M Buy in Q4 2025 appeared first on Blockonomi.

TLDR:

Binance conducted internal review and found no evidence of sanctions violations tied to Iranian transactions 

Exchange operates under Abu Dhabi Global Market regulation plus 21 local jurisdictions worldwide 

Company denies firing investigators for raising compliance concerns about alleged sanctions breaches 

Binance invested heavily in compliance infrastructure since 2023 regulatory settlement with authorities

 

Binance has formally disputed a Fortune investigation claiming the exchange processed over $1 billion in Iran-related transactions.

The cryptocurrency platform sent a detailed rebuttal letter on February 15, addressing allegations published two days earlier.

The company stated that a comprehensive internal review found no evidence of sanctions violations. Binance emphasized its commitment to regulatory compliance and cooperation with authorities.

Company Denies Evidence of Sanctions Violations

Fortune’s February 13 article alleged that internal investigators uncovered substantial transaction volumes tied to Iran.

The report suggested these transfers potentially violated international sanctions laws. Binance conducted a full internal review following the claims raised in the investigation.

The exchange stated it found no evidence supporting allegations of sanctions law breaches. This conclusion was reached after consultation with qualified legal counsel.

The company rejected assertions that violations were discovered and then suppressed. Binance characterized the Fortune report as containing material inaccuracies requiring correction.

The exchange operates under regulatory oversight from multiple jurisdictions worldwide. Binance holds authorization from the Abu Dhabi Global Market as its primary regulator.

The platform also maintains licenses and registrations across 21 different local jurisdictions. These regulatory relationships require ongoing compliance monitoring and reporting.

Chief Executive Officer Richard Teng addressed the allegations through the social media platform X. He stated that the record must be clear regarding the absence of sanctions violations.

The record must be clear.

No sanctions violations were found, no investigators were fired for raising concerns, and Binance continues to meet its regulatory commitments.

We’ve asked for corrections to recent reporting. pic.twitter.com/glA9bdGaw1

— Richard Teng (@_RichardTeng) February 16, 2026

Teng also denied that investigators were terminated for raising compliance concerns. The CEO requested corrections to what he described as inaccurate reporting.

Enhanced Compliance Framework Since 2023 Resolution

Binance referenced its 2023 regulatory settlement when addressing compliance capabilities. The company has invested substantially in its sanctions screening infrastructure since that resolution.

These investments included expanded staffing dedicated to compliance functions. The exchange allocated resources to anti-money laundering controls and transaction monitoring systems.

The platform described its compliance program as among the most robust in digital assets. Binance maintains internal standards that often exceed global regulatory requirements.

The company implements zero-tolerance policies on staff conduct violations and unauthorized data access. These policies extend to failures in observing internal compliance procedures.

The exchange questioned the sourcing and motivations behind the Fortune investigation. Binance noted the article relied heavily on anonymous sources while presenting speculation as fact.

The company emphasized that multiple legitimate channels exist for reporting compliance concerns. These include internal whistleblowing provisions and statutory protections for employees raising issues.

Binance requested that Fortune review its statements and correct misleading implications. The exchange offered to provide additional context for more accurate reporting.

The company stressed that accuracy is critical when publishing allegations related to sanctions compliance. Binance affirmed its continued cooperation in meeting monitorship obligations and regulatory commitments across all jurisdictions.

The post Binance Disputes Fortune Claims of Iranian Sanctions Breaches and Wrongful Terminations appeared first on Blockonomi.

TLDR

Changpeng Zhao, founder of Binance, emphasizes that privacy is the most significant unresolved issue in the cryptocurrency industry.

Zhao argues that Bitcoin and most cryptocurrencies lack adequate privacy features, leaving users vulnerable to tracking.

CZ highlights that blockchain transactions are traceable, especially with KYC practices on centralized exchanges.

The Binance founder calls for the development of better privacy infrastructure to enable secure crypto payments while complying with regulations.

Binance’s history with privacy coins, such as the delisting of Monero, raises concerns about the exchange’s stance on privacy.

Changpeng Zhao, the founder of Binance, has stressed the importance of privacy in the cryptocurrency sector. He pointed out that most digital assets lack sufficient privacy protections, making users vulnerable in ways traditional currency does not. Speaking on the All-In Podcast, CZ emphasized the need for faster advancements in crypto privacy.

Privacy Concerns for Cryptocurrency Payments

CZ argued that privacy plays a fundamental role in society but is currently inadequate in most cryptocurrencies, including Bitcoin. “Bitcoin was designed to be pseudo-anonymous,” he explained. “But in reality, every transaction on the blockchain can be traced, especially with KYC on centralized exchanges.” This, he noted, exposes users to risks like unwanted tracking, especially in scenarios such as hotel bookings where third parties might gain access to personal information.

He further elaborated on how payment privacy is a significant hurdle as the cryptocurrency industry moves toward mainstream adoption. With major players like AI agents and institutional investors getting involved, the open ledger design of blockchains like Bitcoin remains a challenge. CZ believes that to achieve widespread use, privacy features must evolve to meet the needs of both businesses and consumers.

Binance and Privacy Coins

Despite CZ’s calls for better privacy features, Binance’s own history with privacy coins has been controversial. In February 2024, Binance delisted Monero (XMR), which at the time was the largest privacy coin. This decision came shortly after CZ stepped down as CEO of Binance, and it led to a 17% drop in Monero’s price. Binance has often cited factors such as trading volume and liquidity in delisting assets, claiming it takes action when a coin no longer meets its standards.

CZ’s comments also raised questions about Binance’s stance on privacy coins like Zcash (ZEC). Last year, Binance included Zcash in a community vote on potential delistings. Zcash’s founder, Zooko Wilcox, raised concerns directly with Binance, highlighting the importance of privacy features in cryptocurrency transactions.

The Need for Widespread Privacy Infrastructure

While privacy coins like Monero and Zcash exist, CZ and industry experts suggest that they are not a complete solution. Nic Puckrin, a digital asset analyst, believes the focus should be on developing broader privacy-preserving infrastructure. Puckrin stressed that the issue isn’t to make payments untraceable but to ensure privacy while staying compliant with regulations. He argued that businesses must adopt these privacy features to enable secure crypto payments.

In the face of these challenges, CZ acknowledged that privacy features are a crucial aspect for crypto’s future. Although law enforcement may seek transparency for security reasons, CZ is confident that privacy can be enhanced without undermining efforts to track bad actors.

The post Binance Founder CZ Urges Faster Evolution of Privacy Features in Crypto appeared first on Blockonomi.

TLDR

Mike McGlone warns that Bitcoin could drop to $10,000 due to rising recession risks in the U.S.

The long-standing “buy the dip” mentality may no longer support risk assets, including cryptocurrencies.

McGlone highlights Bitcoin’s volatility and predicts a potential reversion to $56,000 before a possible $10,000 decline.

Broader market instability, including low volatility in major stock indices, contributes to the ongoing crypto price decline.

Jason Fernandes disagrees with McGlone’s forecast, suggesting a $40,000 to $50,000 price range instead of a collapse to $10,000.

Bloomberg Intelligence’s Mike McGlone has raised concerns about the future of Bitcoin. In a recent analysis, he suggested that the ongoing decline in cryptocurrency prices could signal broader financial stress. McGlone also warned that Bitcoin could revert to as low as $10,000, especially if a U.S. recession becomes more likely.

The analyst observed that the market’s traditional “buy the dip” mentality, which has supported risk assets since 2008, may be losing its strength. McGlone pointed out that the worsening situation in the cryptocurrency market is contributing to broader market volatility. He highlighted several macro indicators suggesting heightened risk conditions in global financial markets.

Bitcoin Price Faces Potential Decline to $10,000

McGlone’s analysis specifically mentions Bitcoin’s vulnerability in the current financial environment. He noted that Bitcoin, which recently fluctuated around $68,800, could continue to struggle. According to McGlone, the cryptocurrency’s decline reflects a broader market breakdown, suggesting that the “buy the dip” mindset may no longer be effective.

Collapsing Bitcoin/Cryptos May Guide the Next Recession –

"Healthy Correction" is what we should hear soon from stock market analysts (who risk unemployment if not onboard), following collapsing cryptos. The buy the dips mantra since 2008 may be over, here's why:

– US stock… pic.twitter.com/fPPc2fV3EU

— Mike McGlone (@mikemcglone11) February 15, 2026

He further explained that Bitcoin could fall back toward $10,000 if stock markets continue to weaken. McGlone’s chart comparing Bitcoin to the S&P 500 highlighted how both assets were underperforming. He pointed out that Bitcoin’s volatile nature means it is unlikely to remain above current levels if equity markets experience further instability.

In his analysis, McGlone identified a potential reversion level of $56,000 for Bitcoin. This value corresponds to the 5,600 mark for the S&P 500, adjusted for Bitcoin’s volatility. Beyond this, McGlone predicts that the cryptocurrency could fall further, potentially reaching the $10,000 threshold.

Broader Market Volatility Contributes to Crypto Price Decline

McGlone attributes the ongoing volatility in the cryptocurrency market to broader financial instability. The U.S. stock market’s capitalization relative to GDP is at a century-high, signaling potential bubbles. He noted that the low volatility observed in major stock indices like the S&P 500 and Nasdaq 100 could be masking underlying risks.

Furthermore, McGlone emphasized the “imploding” crypto bubble and the role of factors like “Trump euphoria” in amplifying market stress. While gold and silver are seeing a resurgence, McGlone believes their rise could eventually spill over into equities. He noted that rising market volatility might further challenge asset prices across the board, including cryptocurrencies.

Contrasting Views on Bitcoin’s Future

While McGlone’s thesis on Bitcoin’s potential fall to $10,000 has drawn attention, it has also faced criticism. Jason Fernandes, co-founder of AdLunam, disagreed with McGlone’s view. Fernandes argued that market excesses can resolve through mechanisms like time, rotation, or inflation erosion, rather than necessarily collapsing.

According to Fernandes, Bitcoin’s price could instead stabilize between $40,000 and $50,000 in response to a macro slowdown. He pointed out that a crash to $10,000 would require more severe conditions, including liquidity contraction and financial stress. Fernandes believes that a true recession, marked by global liquidity drainage, would be needed for such a dramatic decline.

However, McGlone’s analysis continues to gain attention, as it reflects rising concerns over both the cryptocurrency and broader market conditions. His forecast suggests that Bitcoin, along with other risk assets, remains highly susceptible to a changing macroeconomic environment.

The post Mike McGlone Forecasts Bitcoin Price Could Fall to $10,000 Amid Economic Concerns appeared first on Blockonomi.

TLDR

The total value of tokenized real-world assets increased by 13.5% over the past 30 days.

Ethereum led the growth in tokenized assets, with a $1.7 billion rise in value.

Tokenized US Treasuries and government debt remain the largest category in the market.

Institutional participation is growing, with major players like BlackRock and JPMorgan entering the space.

Tokenized money market funds are evolving, now serving as collateral in trading and lending markets.

Tokenized real-world assets (RWAs) have seen consistent growth, with the total value of onchain RWAs rising 13.5% over the past month. Despite the broader cryptocurrency market shedding $1 trillion in value, the tokenized asset sector continues to show resilience. The demand for tokenized RWAs, especially among institutional investors, reflects a growing interest in utilizing blockchain for traditional financial products.

Ethereum Leads Growth in Tokenized Assets

Ethereum recorded the highest growth in tokenized asset value, with an increase of $1.7 billion. Other blockchain networks, such as Arbitrum and Solana, followed closely, showing $880 million and $530 million in growth, respectively. The surge in value across these networks reflects the broader adoption of blockchain-based tokenized products.

The rise in Ethereum’s dominance highlights the growing role of the blockchain in asset tokenization. As the blockchain’s infrastructure strengthens, more institutions are entering the space, increasing demand for tokenized products. The growth in tokenized asset issuance has also contributed to the overall market rise.

Tokenized US Treasuries and government debt continue to dominate the tokenized asset space, accounting for over $10 billion in onchain products. These assets have seen continuous inflows, which further support their dominant position. As demand grows, more tokenized government securities are being issued on public blockchains.

The expansion of tokenized government debt demonstrates the increasing appeal of blockchain for settling traditional financial assets. Large institutions such as BlackRock, JPMorgan, and Goldman Sachs have shown active participation in this growing market. Their involvement indicates that tokenized government products are becoming a key focus of institutional investment.

Institutional Participation Drives Tokenized Asset Growth

The demand for tokenized assets points to deeper institutional participation in the space. Asset managers are increasingly issuing and settling tokenized versions of traditional financial products. Tokenized money market funds, which were once seen as yield vehicles, are now serving as collateral in trading and lending markets.

BlackRock’s move into decentralized finance with the launch of its tokenized US Treasury fund is one of the latest examples of institutional involvement. This shows a shift in how traditional financial institutions are engaging with blockchain technology.

The post Tokenized Real-World Assets See 13.5% Growth Amid Crypto Market Slump appeared first on Blockonomi.

TLDR

Nexo is relaunching its crypto services in the United States after more than three years of absence.

The platform will offer yield programs, a spot exchange, and crypto-backed credit lines to US users.

Nexo has partnered with Bakkt to provide the trading infrastructure for its US operations.

The company’s return is driven by improved regulatory clarity for digital assets in the US.

Nexo’s new US operations will be based in Florida and run by an announced management team.

Crypto platform Nexo is set to return to the United States after more than three years. The company paused its operations in 2022 due to regulatory concerns. Now, with clearer guidelines in place, Nexo aims to offer crypto services including yield programs, a spot exchange, and more.

Nexo Partners with Bakkt for Trading Infrastructure

Nexo’s trading infrastructure will be powered by Bakkt, a US-based digital asset platform. Bakkt primarily serves institutional clients but will help Nexo build its new US offering. Eleonor Genova, Nexo’s head of communications, confirmed that the platform will provide both flexible and fixed-term yield programs.

The platform will also feature crypto-backed credit lines and a loyalty program for US customers. Nexo’s management team will operate the new venture from Florida, with plans to announce the team soon. Genova emphasized that all services will be offered through partnerships with licensed US providers.

After leaving the US market in late 2022, Nexo now sees improved regulatory clarity for digital assets in the country. The company originally withdrew due to what it called an unfriendly regulatory environment under former SEC chair Gary Gensler. Nexo’s “Crypto Earn” program, which lets users earn interest on their crypto holdings, was a key issue in the company’s exit.

Nexo settled with the SEC in 2023, agreeing to pay $45 million for failing to register its interest-bearing program. The company later shut down the program for US users, marking the end of its earlier US operations. Despite these setbacks, Nexo now believes the regulatory landscape is more favorable for blockchain businesses.

Nexo’s Relaunch and US Crypto Regulatory Landscape

Nexo’s return comes as the US continues to work on crypto regulations. The House recently passed the CLARITY Act, but the Senate has yet to move it forward. Patrick Witt, a White House crypto advisor, called for compromises to pass crypto-related legislation before the 2024 elections.

This renewed effort to regulate crypto coincides with Nexo’s own regulatory framework. Genova stated that the new US operations are compliant with US securities laws. The company hopes to provide a stable platform for crypto users amid ongoing regulatory discussions.

Nexo’s rebooted platform will rely on third-party advisory services registered with the SEC. This ensures that the services offered are in line with applicable securities laws. The crypto exchange aims to establish itself as a trusted platform for US users after its previous exit.

The post Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs appeared first on Blockonomi.

TLDR

Anthropic has doubled its revenue run rate in India in just four months.

Developer adoption of Anthropic’s Claude Code has been a key driver of growth in India.

The company has opened an office in Bengaluru to support its expanding operations.

Anthropic has formed strategic partnerships to expand its AI solutions in the public sector.

Air India is using Claude Code to improve software development and reduce costs.

AI startup Anthropic has seen rapid revenue growth in India, with its AI tools gaining traction across various sectors. The company’s revenue run rate has doubled in just four months, driven by high demand from developers and early government deployments. Anthropic has also expanded its presence in the country by opening an office in Bengaluru.

Strong Developer Adoption in India Drives Revenue Growth

Anthropic’s revenue growth in India is largely due to high adoption rates among developers. The company’s Claude Code has seen increased use in India, a country known for its large pool of tech talent. Developers are leveraging the tool to enhance productivity and speed up software development processes. According to Dario Amodei, CEO of Anthropic, India’s developer-centric culture has accelerated the company’s growth. Amodei noted, “Since my last trip here, the company has doubled its run rate revenue in India.”

The speed at which developers are adopting AI tools in India is a key factor in Anthropic’s success. Unlike other countries where casual consumers also use AI, India’s AI adoption is concentrated in the professional sector. This intense use by developers reflects the country’s focus on productivity and rapid experimentation. In India, AI adoption is characterized by a culture of quickly testing new ideas and moving forward with adjustments if necessary.

Anthropic Expands Partnerships to Support Public Sector Growth

In addition to its success in the developer market, Anthropic has formed several strategic partnerships in India. These partnerships will help expand its AI solutions into the public sector, including education, healthcare, and judicial services. The company’s India team will also provide applied AI expertise to startups and enterprises, assisting them in building and scaling AI-driven solutions.

One of the key enterprise clients, Air India, has adopted Claude Code to improve its software development speed. By integrating AI into its operations, the airline aims to reduce costs and increase efficiency. This collaboration reflects the growing interest in AI-powered tools across industries, as businesses recognize their potential to drive productivity improvements.

Government agencies in India have also shown interest in using AI technology, further accelerating Anthropic’s growth in the country. The Ministry of Statistics, for example, is working on an AI-powered server for economic data and statistics. Anthropic’s CEO highlighted that such efforts are progressing much faster than similar projects in other countries. He credited India’s entrepreneurial spirit and technical expertise for the rapid pace of adoption.

The post Anthropic Expands Its AI Business in India with Strong Enterprise Uptake appeared first on Blockonomi.

TLDR:

Bitcoin realized losses surpassed $2 billion daily from February 5-11, marking the highest levels in 2025 

Seven-day loss averages indicate sustained capitulation among weak hands rather than temporary selling 

S&P 500 put-call ratio reached 1.38, the highest reading since Liberation Day, signaling elevated crash risk 

Historical data shows P/C ratios above 1.1 consistently preceded major equity market declines in 2024-2025

 

Bitcoin investors recorded over $2 billion in daily realized losses throughout the week of February 5-11, signaling potential capitulation among market participants.

The figures represent the highest loss levels observed in 2025 as selling pressure intensifies. Analysts interpret the sustained outflows as evidence that weaker investors are exiting positions after weeks of correction.

Broader market indicators simultaneously point to elevated crash risks, creating a challenging environment for digital assets.

Capitulation Metrics Reach Critical Thresholds

Data from market analyst Darkfost reveals that realized losses have exceeded $2 billion daily since early February. The seven-day moving average maintains this elevated level, indicating persistent rather than sporadic selling. This pattern emerged after January 20, when the market shifted from accumulation to distribution mode.

Since January 20, the market has been dominated by realized losses, with many investors capitulating and giving up as the correction drags on.

To reduce noise, this is shown as a weekly average. That said, the data still needs to be interpreted with caution, as we can observe… pic.twitter.com/7YjqyTsvZg

— Darkfost (@Darkfost_Coc) February 15, 2026

The magnitude of these losses suggests genuine capitulation is underway. Investors who purchased Bitcoin at higher prices are crystallizing substantial losses rather than waiting for recovery. This behavior typically occurs when market participants lose confidence in near-term price appreciation.

However, the data requires careful interpretation due to several complicating factors. UTXO consolidation transactions can inflate realized loss figures without representing true capitulation.

Additionally, institutional movements such as recent Fidelity Investments transfers contribute to the headline numbers.

Despite record loss levels, Bitcoin prices have demonstrated unexpected resilience in recent sessions. The cryptocurrency has avoided sharp declines even as selling pressure mounts.

This divergence between realized losses and price action indicates strong support from long-term holders who refuse to sell at current levels.

Crash Warnings Compound Downside Risks

Market trader Leshka_eth has documented a troubling pattern in equity market indicators. The put-call ratio currently stands at 1.38, matching the highest reading since the Liberation Day market event. Historical precedent shows S&P 500 declines consistently follow P/C spikes above 1.1-1.2.

MARKETS WILL CRUSH NEXT WEEK

THIS PATTERN KEEPS REPEATING AND NOBODY'S PAYING ATTENTION

Look at S&P 500 vs put/call ratio history

Every time P/C ratio spikes above 1.1-1.2 → S&P dumps hard
Jan 2024 → P/C Ratio: 1.2 → dump
Apr 2024 → P/C Ratio: 1.2 → dump
Aug 2024 → P/C… pic.twitter.com/eNgLMls0i2

— Leshka.eth (@leshka_eth) February 16, 2026

This ratio reflects intense hedging activity as investors purchase protective puts. Dealers who sell these options must hedge by selling index exposure through futures and exchange-traded funds.

The resulting selling pressure removes natural market support, potentially triggering self-reinforcing downward spirals.

Multiple headwinds are converging to pressure risk assets. Kevin Warsh’s Federal Reserve Chair nomination signals potential monetary tightening and balance sheet reduction.

The central bank’s $6.6 trillion balance sheet could face systematic unwinding, removing liquidity from financial markets.

Global markets have already contracted sharply, with $12 trillion in losses recorded during January alone. Commodities experienced severe declines, including gold down 13% and silver plunging 37%.

Corporate earnings reports reveal deteriorating fundamentals even as valuations remain historically elevated. These conditions create an unfavorable backdrop for speculative assets like Bitcoin, where capitulation may accelerate if equity markets destabilize further.

The post Bitcoin Capitulation Deepens with $2B Daily Losses as Markets Flash Crash Warnings appeared first on Blockonomi.

TLDR

YZi Labs has filed a revised preliminary consent statement with the SEC to expand the board at CEA Industries.

The expansion aims to place nominees who align with YZi Labs’ vision for the company’s future.

YZi Labs raised $500 million in a private placement to build the world’s largest corporate BNB treasury.

The company accused CEA Industries’ asset managers of attempting to shift from a BNB-only strategy to include other cryptocurrencies.

The fallout from the treasury dispute caused CEA Industries’ stock to drop by 87%.

YZi Labs has formally filed a revised preliminary consent statement with the SEC, aiming to expand the Board of Directors at CEA Industries Inc. The expansion seeks to add new members who align with YZi Labs’ vision for the company. This move follows mounting tensions over the company’s digital asset strategy, particularly its management of the BNB treasury.

YZi Labs Pushes for Board Expansion

YZi Labs is looking to place nominees in new positions on the CEA Industries board. This move comes after a series of disagreements regarding the company’s asset management. The group has made it clear that its goal is to influence the direction of CEA Industries by installing directors who support their vision.

BNC Shareholder Update

Thank you to all BNC shareholders for your continued proactive engagement.

Last Friday (Feb 13) we filed a revised preliminary consent with the SEC, which is under review.

Note: Shareholders cannot vote or submit consents at this time.

Please…

— YZi Labs (@yzilabs) February 16, 2026

The push for expansion comes after a private placement raised $500 million for the company in July 2025. The capital was initially intended to build the world’s largest corporate BNB treasury. However, by the end of 2025, YZi Labs accused CEA Industries’ asset managers of trying to diversify away from a BNB-only strategy, which led to disputes within the company.

BNB Treasury Controversy Prompts Action

YZi Labs’ dispute with CEA Industries revolves around its BNB treasury management. The company had amassed over 515,000 BNB, worth $465 million in August 2025, to serve as its main reserve. However, tensions escalated in December 2025 when YZi Labs accused 10X Capital and BNC management of secretly adding other cryptocurrencies, such as Solana, into the strategy.

This shift away from a strict BNB-focused approach led to an 87% drop in CEA Industries’ stock from its post-announcement highs. The rift over the treasury strategy has now evolved into a power struggle, with YZi Labs pushing to control the company’s future by expanding the board.

SEC Review Delays Shareholder Vote

YZi Labs filed its revised preliminary consent statement with the SEC to initiate the board expansion. The filing is currently under review to ensure compliance with legal requirements for soliciting shareholder consents. Shareholders are unable to vote or submit consent forms until the SEC finishes its review process.

Once the SEC approves the filing, YZi Labs will distribute a white consent card to shareholders. This will allow shareholders to officially vote for or against the expansion of the board and the proposed new nominees.

The post YZi Labs Files for Board Expansion at CEA Industries Amid BNB Treasury Dispute appeared first on Blockonomi.