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Ethereum (ETH) acum se tranzacționează sub nivelurile medii de intrare ale atât adreselor de acumulare, cât și ale deținătorilor de fonduri tranzacționate la bursă (ETF), lăsând o porțiune semnificativă din marii deținători în pierdere.

Cu toate acestea, datele actuale indică un angajament structural continuu mai degrabă decât o activitate de ieșire pe scară largă, sugerând că capitalul rămâne angajat în ciuda scăderii.

Declinul Ethereum împinge marii cumpărători în teritoriul pierderilor nerealizate

Ethereum și-a extins pierderile în 2026, pierzând mai mult de 30% de la începutul anului în contextul unei scăderi mai largi a pieței cripto. A doua cea mai mare criptomonedă după capitalizarea de piață a scăzut sub nivelul de 2.000 de dolari săptămâna trecută. Deși a recâștigat temporar acel prag, revenirea s-a dovedit a fi de scurtă durată, iar ETH a alunecat din nou sub acesta.

The United States (US) Bureau of Labor Statistics (BLS) will release the delayed Nonfarm Payrolls (NFP) data for January on Wednesday at 13:30 GMT.

Volatility around the US Dollar (USD) will likely ramp up on the employment report, with investors looking for fresh insights on the US Federal Reserve’s (Fed) path forward on interest rates.

What to Expect From the Next Nonfarm Payrolls Report?

The BLS reported early last week that it had postponed the release of the official employment report, originally scheduled on Friday, due to the partial government shutdown. After the US House passed a package on Tuesday to end the shutdown, the agency announced that it will release the labor market data on Wednesday, February 11.

Investors expect NFP to rise by 70K following the 50K increase recorded in December. In this period, the Unemployment Rate is expected to remain unchanged at 4.4%, while the annual wage inflation, as measured by the change in the Average Hourly Earnings, is projected to soften to 3.6% from 3.8%.

Previewing the employment report, TD Securities analysts note that they expect job gains to have remained subdued in January, increasing by 45K.

“We look for private to add 40K and government to add 5K. We expect private sector strength to be concentrated in healthcare and construction. We look for the Unemployment Rate to show continued signs of stabilization, remaining at 4.4%. The low-fire, low-hire labor market remains. Average Hourly Earnings likely increased 0.3% m/m and 3.7% y/y,” they add.

How Will the US September Nonfarm Payrolls Affect Eur/USD?

The USD started the month on a firm footing as markets reacted to the nomination of Kevin Warsh, who served as a Fed Governor from 2006 to 2011, as the new chair of the Fed. Meanwhile, the USD also benefited from the heightened volatility surrounding precious metals, especially Silver and Gold, and Stock markets. 

In turn, the USD Index, which gauges the USD’s valuation against a basket of six major currencies, rose 0.5% in the first week of February. Fed Governor Lisa Cook said earlier in the month that she believes the labor market will continue to be supported by last year’s interest rate cuts. 

Cook further noted that the labor market has stabilized and is approximately in balance, adding that policymakers remain highly attentive to the potential for a rapid shift. 

Similarly, Governor Philip Jefferson argued that the job market is likely in balance with a low-hire, low-fire environment. The CME Group FedWatch Tool shows that markets are currently pricing in about a 15% probability of a 25 basis-point (bps) rate cut in March. 

In case the NFP reading disappoints, with a print below 30K, and the Unemployment Rate rises unexpectedly, the USD could come under pressure with the immediate reaction, opening the door to a leg higher in EUR/USD. On the other hand, an NFP figure at or above the market expectation could reaffirm another policy hold next month. 

The market positioning suggests that the USD has some room on the upside in this scenario. Investors will also pay close attention to the wage inflation component of the report. 

If Average Hourly Earnings rise less than expected, the USD could find it difficult to gather strength, even if the headline NFP print arrives near the market forecast.

Danske Bank analysts argue that softer wage growth could negatively impact consumer activity and pave the way for a dovish Fed action.

“The Challenger report showed more job cuts than expected in January and the JOLTs Job Openings came in at 6.5m in December (consensus 7.2m). Hence, the US ratio of job openings to unemployed fell to just 0.87 in December. Such cooling is usually a good predictor for weakening wage growth and may be a concern for the private consumption outlook and, all else equal, supports the case for earlier cuts from the Fed,” they explain.

Eren Sengezer, European Session Lead Analyst at FXStreet, offers a brief technical outlook for EUR/USD:

“The Relative Strength Index (RSI) indicator on the daily chart holds above 50, and EUR/USD fluctuates above the 20-day Simple Moving Average (SMA) after having tested this dynamic support last week, reflecting buyers’ willingness to retain control.” “On the upside, 1.2000 (round level, psychological level) aligns as the next resistance before 1.2080 (January 27 high) and 1.2160 (static level). Looking south, the first key support level could be spotted at 1.1680, where the 100-day SMA is located, before 1.1620-1.1600 (200-day SMA, Fibonacci 23.6% retracement of the January 2025-January 2026 uptrend). A decisive drop below this support region could attract technical sellers and open the door for an extended slide.”

Robinhood’s Q4 2025 earnings report triggered a sharp market reaction, with the company’s stock falling roughly 8% after revenue came in below expectations.

Yet the most striking takeaway from the call was not the drop in crypto trading revenue, but the growing prominence of prediction markets and automation as pillars of the platform’s future strategy.

Robinhood Earnings Show Prediction Markets Overtaking Crypto as Key Growth Driver

Nearly one-third of analyst questions during the earnings call focused on prediction markets, reflecting how quickly the sector is moving from experimental feature to potential core business line.

“30% of $HOOD Q&A (6 of 20 questions) concerned prediction markets, by far the #1 topic,” stated Matthew Sigel, Head of Digital Assets Research at VanEck.

According to Sigel, the attention reflects fast-paced growth across the industry, with volumes now above $10 billion per month (approximately $300–400 million per day), roughly comparable to the average daily US sports betting handle.

Robinhood (HOOD) Stock Performance. Source: TradingView Revenue Miss and Crypto Slowdown

Robinhood reported Q4 net revenue of $1.28 billion, below expectations of about $1.35 billion. Transaction-based revenue and crypto trading also missed forecasts, with crypto revenue coming in at approximately $221 million versus expectations closer to $248 million.

Analysts see the market reaction as largely tied to high expectations and slowing growth in key metrics rather than structural weakness in the business.

Christian Bolu, senior analyst at Autonomous Research, described the results as disappointing on the surface but constructive in outlook.

“I would say look at an expensive stock, and you know a topline miss is not helpful at all,” Bolu said, noting that some key metrics, including deposit growth, also slowed.

However, he emphasized that the longer-term outlook remains positive:

“The commentary from the management team is pretty constructive in terms of the pipeline for 2026 in terms of new business growth, and actually, transaction volumes have been very strong in January as well. So, the outlook here is actually pretty decent.”

Prediction Markets Move to Center Stage

While crypto remains an important segment, analysts increasingly see prediction markets and event contracts becoming a larger share of the business over time.

“Over time, we think things like event contracts and prediction markets will be a bigger part of the business than crypto,” Bolu added in the interview with Yahoo Finance.

The opportunity is substantial. Despite rising competition from platforms like Kalshi and Polymarket, Robinhood’s distribution advantage could prove decisive.

“The good thing about Robinhood is their value prop from a business perspective is the distribution,” Bolu said. “There aren’t many folks that can distribute or have the distribution that they do.”

Regulation Remains the Key Constraint

Even as interest grows, regulatory uncertainty remains the biggest barrier to expansion. Sigel highlighted that the issue was directly addressed during the earnings call.

“Binary yes/no contracts … can fit under CFTC event contract authority… But contracts with continuous or formula-based payouts tied to a single issuer’s financial performance could be treated as SEC ‘security-based swaps’ under Dodd-Frank.”

However, the Van Eck executive acknowledged that the lack of clarity is slowing progress:

“There’s no formal framework clarifying that boundary yet, which is why management referenced needing ‘regulatory relief.’”

AI Automation Quietly Reshaping the Business

Beyond new trading products, Robinhood is also transforming its internal operations through automation and artificial intelligence. Against this backdrop, Sigel shared one of the most striking disclosures from the call:

“AI support is really cranking. Now over 75% of our cases are solved by AI, including the complex cases that previously required licensed brokerage professionals,” he shared.

The company is also automating its engineering workflow, optimizing the entire engineering pipeline from code writing through code review to deployment and testing.

Reportedly, this is already turning into real savings and efficiency gains, estimated at over $100 million in 2025 alone.

These cost reductions could help offset cyclical revenue swings in areas like crypto and options trading.

A More Diversified Robinhood

Analysts say Robinhood today looks very different from the trading app that rose to prominence during earlier crypto and meme-stock cycles.

Bolu described the company as “a much more mature company a much more diversified company,” pointing to:

Growing net interest income

Retirement accounts

Banking products, and

Credit cards as additional revenue streams.

This diversification is one reason many analysts remain bullish despite short-term volatility. More than 80% of analysts still rate the stock a buy, according to market commentary following the results.

Robinhood’s latest earnings reinforced a key shift: crypto may no longer be the dominant narrative driving the platform.

Instead, the next phase of growth appears to be forming around prediction markets, options trading, subscriptions, and AI-driven efficiency. These segments could reduce reliance on highly cyclical crypto trading volumes.

If those trends continue, the earnings call may ultimately be remembered less for a revenue miss and more for revealing where the platform is heading next.

LayerZero’s native token, ZRO, has bucked the broader market downturn, posting double-digit gains to reach a four-month high.

The rally follows the LayerZero’s unveiling of a new blockchain, backed by Citadel Securities and ARK Invest. Both firms made strategic investments through ZRO purchases.

Institutional Backing Fuels ZRO Rally While Crypto Market Slides

BeInCrypto Markets data shows the crypto market extended its decline today, following yesterday’s $19 billion in losses. Over the past 24 hours, total market capitalization has fallen by more than 2%, reflecting continued risk-off sentiment across major digital assets.

Despite the broader pullback, select altcoins have managed to post outsized gains, with ZRO being one of them. During early Asian trading hours, the token climbed to an intraday high of $2.42 on Binance.

This level was last seen in early October 2025. At the time of writing, ZRO was trading at $2.27, up nearly 22% over the past day.

LayerZero (ZRO) Price Performance. Source: BeInCrypto Markets

The token secured the third spot among the top 300 daily gainers on CoinGecko. Trading activity has also accelerated significantly. Over the past 24 hours, the token recorded $491 million in volume, marking a 410.60% increase.

What Is LayerZero’s New Blockchain?

The rally followed LayerZero Labs’ announcement of Zero. It is a new blockchain network designed to address scalability constraints that have historically limited decentralized systems.

According to the company, Zero introduces a heterogeneous architecture. It separates transaction execution from verification using zero-knowledge proofs, eliminating the “replication requirement.”

LayerZero claims the network can scale to up to 2 million transactions per second per zone, with transaction costs as low as $0.000001. The blockchain is scheduled to launch in fall 2026.

“Zero’s architecture moves the industry’s roadmap forward by at least a decade. We believe we can actually bring the entire global economy on-chain with this technology. Our mission is to build permissionless infrastructure for a better world – this is the beginning of that world,” Bryan Pellegrino, CEO of LayerZero Labs, stated.

As part of the rollout, Citadel Securities is collaborating with LayerZero to evaluate potential applications in trading, clearing, and settlement workflows. The firm also made a strategic investment in ZRO.

ARK Invest is likewise becoming a shareholder in LayerZero and has purchased ZRO. Cathie Wood, ARK’s founder and CEO, will join the project’s advisory board.

“ZRO is the token of the network, and LayerZero will provide interoperability between Zones and across the 165+ blockchains it connects,” the announcement read.

Beyond these investments, LayerZero said it is working with The Depository Trust & Clearing Corporation to explore enhancements to tokenized securities infrastructure, including scalability improvements for its DTC Tokenization Service. 

Intercontinental Exchange, parent company of the New York Stock Exchange, is examining potential applications related to 24/7 markets and tokenized collateral integration. Google Cloud is also partnering with LayerZero to explore infrastructure enabling AI agents to conduct micropayments autonomously.

Meanwhile, the development closely follows Tether’s strategic investment in LayerZero Labs through Tether Investments. Thus, the combination of strategic capital and institutional collaboration appears to have fueled investor interest in ZRO, even as the broader crypto market continues to face selling pressure.

Robinhood has launched the public testnet for Robinhood Chain, a financial-grade Ethereum Layer-2 built on Arbitrum. Johann Kerbrat, SVP and General Manager of Robinhood Crypto, announced the testnet at Consensus Hong Kong on Wednesday, marking the first public development phase of a chain first teased at the company’s Cannes keynote last year.

In an interview with BeInCrypto in Hong Kong ahead of the announcement, Kerbrat outlined the company’s vision for the chain, including tokenized real-world assets, 24/7 trading, and a $1 million developer hackathon program.

Why Build Its Own Chain

The testnet opens access to network entry points, developer documentation, and full compatibility with standard Ethereum development tools. Ecosystem partners, including Alchemy and LayerZero, are already building on the chain.

The launch comes at a critical moment. Robinhood disclosed $1.28 billion in fourth-quarter revenue on Tuesday, missing analyst expectations of $1.35 billion. Crypto transaction revenue fell to $221 million from $268 million the previous quarter as Bitcoin dropped 23% during the period. The company’s stock has slid from an all-time high of $154 in October amid the broader crypto downturn.

Robinhood first brought tokenized US equities to EU customers in July 2025 through a partnership with Arbitrum, offering commission-free tokens linked to more than 200 US stocks and ETFs. The product now covers over 1,000 stock tokens across the EU and EEA. But the company always intended to migrate to its own chain.

“It was a two-step process from the beginning. Arbitrum’s technology allows you to launch first on Arbitrum One and then migrate to your own proprietary chain,” Kerbrat told BeInCrypto.

The central motivation is customization. General-purpose Layer 2 networks handle compliance at the smart contract level, but Robinhood Chain embeds regulatory requirements directly into the chain layer. This distinction matters for tokenized securities, where minting and burning stock tokens must comply with different rules across jurisdictions.

The chain itself remains permissionless — anyone can build on it — but the products Robinhood develops on top are designed specifically for regulated financial services.

From Stock Tokens to Real-World Assets

Tokenized public equities were the starting point, but Robinhood’s ambitions extend well beyond listed stocks. Kerbrat said the company’s tokenization engine is designed to eventually support private equity, real estate, art, and other real-world assets.

A key part of the value proposition is expanding trading hours. Robinhood’s stock tokens currently trade 24 hours a day, five days a week. The migration to Robinhood Chain is expected to enable 24/7 trading — removing the remaining gaps tied to traditional market schedules.

Instant settlement and self-custody are also on the roadmap, along with integration with liquidity pools and lending protocols. Together, these features represent a significant upgrade from the current tokenized stock product, which relies on Arbitrum One infrastructure.

Developer Ecosystem and DeFi Focus

In the near term, Robinhood is focused on attracting developers to build decentralized exchanges, perpetual trading platforms, and lending protocols on the chain. These are natural extensions of its existing brokerage and crypto products.

To jumpstart the ecosystem, the company is planning a series of hackathons across multiple geographies with a total prize pool of $1 million. Kerbrat said the focus will be squarely on financial applications.

Asia-Pacific Expansion

The testnet launch at Consensus Hong Kong coincides with Robinhood’s deepening push into the Asia-Pacific region. Robinhood completed its $200 million acquisition of Bitstamp in June 2025, gaining access to the exchange’s more than 50 active licenses and registrations worldwide, as well as its institutional crypto-as-a-service business.

Kerbrat said the event provided an opportunity to meet Bitstamp’s Singapore-based clients in person. Through the acquisition, Robinhood now holds licenses in Singapore and Indonesia. It also acquired two smaller Indonesian companies to build a local presence.

Indonesia, with roughly 13 million crypto users, is a priority market. Kerbrat said early conversations with Indonesian regulators have been positive, with discussions centering on AML compliance and risk disclosures rather than resistance to the company’s entry.

Robinhood’s regulatory track record — spanning FINRA, New York DFS, MiCA in the EU, and MAS in Singapore — gives the company confidence in navigating different jurisdictions, Kerbrat said.

Diversifying the Revenue Model

The Q4 earnings miss underscores a persistent concern: Robinhood’s heavy reliance on transaction-based revenue, particularly from crypto trading. The company is working to diversify on multiple fronts.

Staking, launched in the US in 2025, has reached approximately $1 billion in staked assets. The Robinhood Chain itself is intended to generate new forms of infrastructure-driven revenue over time.

On the trading side, Robinhood has invested in advanced tools to attract high-frequency and high-volume traders — a segment that provides a more stable revenue baseline even in softer markets, according to Kerbrat. The company also expanded its fee tiers from three to seven, with rates as low as 0.03% for high-volume traders.

The institutional channel is also growing. Bitstamp’s crypto-as-a-service offering lets banks, hedge funds, and family offices provide their clients with access to crypto. Kerbrat noted that institutions tend to enter the market during downturns, providing a countercyclical buffer.

Meanwhile, prediction markets have emerged as a bright spot. CEO Vlad Tenev said at a company event in December that prediction markets are Robinhood’s “fastest-growing product line by revenue ever,” with 11 billion contracts traded by more than one million customers.

What’s Next

The public testnet is the first phase of a multi-step rollout. Robinhood plans to migrate its existing stock token products to the chain before eventually transitioning to the mainnet. No specific timeline for the mainnet launch has been disclosed.

“Our vision hasn’t changed: we are building the financial superapp,” Tenev said in the company’s Q4 earnings statement.

Goldman Sachs a dezvăluit o expunere semnificativă la criptomonede în raportul său 13F pentru T4 2025, dezvăluind mai mult de 2,36 miliarde de dolari în dețineri de active digitale.

Raportul arată 1,1 miliarde de dolari în Bitcoin, 1,0 miliarde de dolari în Ethereum, 153 milioane de dolari în XRP și 108 milioane de dolari în Solana, reprezentând o alocare de 0,33% din portofoliul său de investiții raportat.

Gigantul bancar îmbrățișează expunerea XRP

Divulgarea plasează Goldman printre cele mai expuse bănci mari din SUA la active legate de criptomonede, deși încă la un procent mic din totalul deținerilor.

Fondatorul FTX, Sam Bankman-Fried, a lansat o nouă campanie publică pe X care pare să aibă ca scop consolidarea cererii sale pentru un nou proces. Totuși, mai multe dintre afirmațiile pe care le folosește pentru a-și susține nevinovăția intră în conflict cu înregistrările judiciare și faptele stabilite.

Postările, publicate la câteva zile după depunerea cererilor de rejudecare, îl încadrează pe Bankman-Fried ca o victimă a „războiului juridic” motivat politic, acuzând comportamentul necorespunzător al procurorilor, prejudecăți judiciare și răzbunare împotriva foștilor executivi FTX.

Cu toate acestea, o revizuire a afirmațiilor arată erori factuale repetate și lacune logice.

A US federal judge sentenced Braden John Karony, the former CEO of SafeMoon, to 100 months in prison, following his conviction for fraud tied to the collapse of the once-hyped Solana token.

US District Judge Eric Komitee delivered the sentence after hearing emotional victim testimony and forceful arguments from prosecutors, who accused Karony of exploiting investor trust while secretly diverting funds.

The court also scheduled a separate hearing on restitution and financial penalties for April 23.

“This Was a Massive Fraud”: Judge Rejects Defense Pleas

During sentencing, Judge Komitee dismissed defense arguments that Karony’s age and background should mitigate his punishment.

“This was a massive fraud,” the judge said, adding that Karony and his co-conspirators “went to great pains to earn the trust” of investors by repeatedly assuring them that a rug pull was impossible.

Victims described losing life savings, selling personal assets, and delaying home ownership and education plans. 

Several said they invested because Karony made himself highly visible and trustworthy, contrasting him with Bitcoin’s anonymous creator.

Prosecutors sought a 12-year sentence, arguing Karony showed no remorse and understood the consequences of lying to investors. 

The judge ultimately imposed a shorter but still substantial sentence of 8 years and 4 months.

How SafeMoon Collapsed

SafeMoon launched in 2021 with promises of long-term rewards and a “locked” liquidity pool that executives claimed could not be accessed.

Federal prosecutors later alleged that those claims were false. 

According to the case, insiders retained control over the liquidity and misappropriated millions of dollars, while publicly assuring investors their funds were safe.

Authorities said Karony personally benefited from diverted assets while continuing to promote the token and deny any risk of a rug pull.

The prosecution framed the scheme as deliberate deception, not mismanagement or market failure. A jury agreed, convicting Karony on fraud-related counts earlier this year.

With today’s sentence, the SafeMoon case joins a growing list of crypto prosecutions where courts have treated broken trust and liquidity abuse as criminal theft, not innovation gone wrong.

Hedera a rămas sub presiune după o scădere susținută care a ținut HBAR captiv într-o tendință de scădere pe parcursul unei luni. Prețul a avut dificultăți în a atrage o cerere semnificativă, lăsând încercările de recuperare mute.

O rupere din această structură necesită un suport mai puternic din partea investitorilor, care rămâne limitat deocamdată. Această lipsă de convingere oferă traderilor de derivate timp să se poziționeze cu prudență.

Traderii HBAR sunt sub amenințare

Poziționarea futures arată o inclinare clară bearish. Harta de lichidare indică faptul că contractele scurte au o expunere mai mare decât cele lungi în jurul nivelurilor de preț cheie. Această dezechilibru reflectă așteptările traderilor că HBAR ar putea continua să se confrunte cu presiuni descendente înainte ca orice recuperare durabilă să înceapă.

Ethereum a arătat semne timpurii de recuperare după o perioadă prelungită de slăbiciune care a împins prețurile brusc în jos. ETH a încercat să se stabilizeze în apropierea unor niveluri cheie de suport, dar o creștere suplimentară depinde de susținerea constantă din partea investitorilor și de condițiile mai ample ale pieței.

În prezent, Ethereum pare să aibă cel puțin unul dintre acești factori lucrând în favoarea sa, menținând vie perspectiva de recuperare.

Investitorii Ethereum își schimbă poziția

Datele on-chain sugerează o schimbare notabilă în comportamentul investitorilor. Indicatorul de schimbare a poziției nette de schimb, care urmărește fluxurile de capital în și din burse, a devenit negativ pentru Ethereum. Acest lucru semnalează că mai mult ETH părăsește bursele decât intră în ele, un model asociat de obicei cu acumularea mai degrabă decât cu distribuția.

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee—big moves are happening on the US coasts. From luxury mansions in Miami to shifts in billionaire residency, wealth is on the move, amid new patterns in finance, real estate, and crypto.

Crypto News of the Day: Florida Emerges as a Tax Haven for Tech and Crypto Wealth

California’s tech and crypto elites are increasingly eyeing Florida as a tax-friendly alternative. Grant Cardone’s recent X (Twitter) post advertising a 10,000 sq. ft., 7-bedroom Miami mansion for 700 BTC highlights the growing intersection of Bitcoin wealth and high-end real estate.

The listing coincides with a surge in relocations by high-net-worth individuals from California. Meta CEO Mark Zuckerberg and his wife, Priscilla Chan, are the latest California billionaires moving to South Florida.

Reportedly, they are purchasing a newly completed waterfront mansion in Miami’s Indian Creek neighborhood. Based on reports, the gated community is home to other high-profile figures, including Jeff Bezos, Tom Brady, and Jared Kushner/Ivanka Trump.

The seller is reportedly a limited liability company tied to Jersey Mike’s Subs founder Peter Cancro. While the deal has not been publicly confirmed as closed, WSJ, citing neighbors, estimates that Zuckerberg plans to move in by April 2026.

California Tax Fallout

The relocations come amid a proposed California billionaire tax that has sparked concern among the state’s wealthiest residents.

According to Chamath Palihapitiya, a Canadian-American VC and SPAC pioneer, California’s total taxable wealth from billionaires has fallen from over $2 trillion to under $1 trillion following announcements of high-profile departures.

Palihapitiya criticized the state’s handling of the proposed tax, arguing that the middle class will bear the fiscal burden left behind by relocating billionaires.

“These were all people who were paying 13%+ in state income tax every year with no complaints until a few weeks ago,” remarked Palihapitiya.

Against this backdrop, experts describe the billionaire tax initiative as having “backfired in the most spectacular fashion with ripple effects on local economies and corporate headquarters.

Brian Sullivan of CNBC noted that companies often follow CEOs, suggesting that Meta employees could also relocate to Florida, effectively benefiting from lower state income tax rates.

Local real estate agents report a significant uptick in demand for ultra-luxury properties. According to Danny Hertzberg, a Miami agent with Coldwell Banker Realty, interest in South Florida’s high-end market has intensified since the announcement of California’s billionaire tax.

“The 5% tax in California is really driving out people in a major way,” WSJ reported, citing Hertzberg.

Crypto’s Role in Wealth Mobility

Beyond real estate, the situation mirrors broader trends in wealth mobility and in decentralized assets. Balaji Srinivasan, former CTO of Coinbase, has warned that California’s billionaire tax could disrupt venture capital incentives, potentially reducing Silicon Valley from “one to zero” over the next decade.

He frames crypto networks and internet-native protocols as politically resilient alternatives, able to operate globally and adapt to structural risk in ways traditional tech and finance cannot.

Srinivasan likens the current moment to an extinction event: while Silicon Valley’s centralized dominance may be fragile, decentralized networks like Bitcoin are structurally positioned to thrive in a shifting political and economic playing field.

“…the intended purpose of the California wealth seizure referendum is to rob or exile everyone in tech… The goal of the Democrats is to drive tech out of California, like they did the Republicans…cryptocurrency is built to resist wealth seizures, but Silicon Valley technology sure is not… As a natural-born US citizen, he [Zuckerberg] doesn’t have the same constraints that Thiel and Elon did,” Srinivasan explained.

As Florida attracts both tech and crypto wealth, Grant Cardone’s 700 BTC mansion is emblematic of a wider trend. High-net-worth individuals are leveraging digital assets and favorable tax jurisdictions to preserve wealth, while California’s billionaire tax debate continues to reverberate across the US.

Chart of the Day

Ongoing decline in the share of US tech jobs that are located in California. Source: Apollo Academy Research Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

Hyperliquid overtakes Coinbase in trading volume, challenging crypto exchange hierarchy.

Strategy (MSTR) stock jumps 33% on revenue and Bitcoin boost — Can the rally hold?

When is the right time to buy the crypto dip? Santiment highlights five key signals.

CZ dismisses centralization fears amid scrutiny over Binance’s grip on USD1 stablecoin.

Why Bitcoin is trading like a tech stock — Not digital gold.  

Ethereum to make the most transformative architectural leap since The Merge.

AI agents were supposed to power a new economy on blockchain —What went wrong?

Solana a petrecut sesiuni recente sub o presiune severă, alunecând la niveluri care nu au fost văzute de aproape doi ani. Scăderea abruptă a urmat slăbiciunii mai ample a pieței, trăgând SOL bine sub zonele de suport anterioare.

În ciuda scăderii, semnele timpurii de stabilizare încep să apară. Modelele istorice sugerează că Solana ar putea fi pregătită pentru o recuperare care ar putea eventual duce prețul înapoi către, și potențial dincolo de, marca de 100 $.

Solana a văzut condiții similare înainte

Metricile de evaluare on-chain indică faptul că Solana este profund subevaluată. Raportul Valoare de Piață la Valoare Realizată a scăzut la un minim aproape de două ani și jumătate. Această citire arată că valoarea de piață a SOL este semnificativ sub baza de cost agregat a token-urilor în circulație, reflectând pierderi nerealizate pe scară largă în rândul deținătorilor.

Onyxcoin price is down nearly 2% in the past 24 hours and remains locked in a steep downtrend. Between January 6 and February 6, XCN lost close to two-thirds of its value. After briefly rebounding from $0.0045 to $0.0059, the XCN price has started weakening again. On-chain data shows accelerating holder exits, while only one major support zone is still holding.

The question now is whether this is just consolidation or the start of another deep sell-off.

Bear Flag Breakdown Keeps Downside Pressure Intact

Onyxcoin’s recent rebound has formed inside a bear flag pattern on the daily chart. A bear flag appears when a sharp decline is followed by a weak, narrow rebound. It usually signals continuation, not recovery. In XCN’s case, the drop from early January to early February created the flagpole. The move toward $0.0059 formed the flag.

Recently, the XCN price slipped below the lower boundary of this structure.

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

Onyxcoin Price Structure: TradingView

This breakdown suggests that buyers failed to regain control after the rebound. Instead of building momentum, selling pressure resumed. When bear flags fail, the next decline often mirrors the size of the first move. With XCN already down around 65% from January levels (pole’s height), this structure keeps downside risk elevated.

Whether this weakness is reversed by a move back inside the flag, or confirmed by a sustained breakdown, now depends on on-chain behavior.

Holder Exodus Accelerates While Whales Show Fragile Confidence

On-chain data shows that long-term investors are leaving faster.

This is reflected in Hodler Net Position Change, which tracks whether wallets holding coins for more than 155 days are accumulating or distributing over 30 days. When the metric is negative, long-term holders are selling.

On February 6, this figure stood near -34 million XCN. By February 9, it had widened to roughly -47.8 million XCN. That represents a rise in net selling of about 40% in just a few days. This shows that conviction holders are accelerating exits.

XCN Holders: Glassnode

These are not short-term traders. These are usually investors who held through earlier cycles. When this group starts distributing aggressively, it usually reflects weakening confidence in future recovery.

Whale behavior adds another layer to the story. Large wallets reduced their holdings sharply after February 6, falling from about 52.55 billion XCN to around 48.60 billion. That was a major exit during the prior consolidation. However, holdings have since edged up slightly to around 48.78 billion.

Whales In Action: Santiment

This small recovery suggests limited dip buying. Whales are not fully abandoning the market. But they are not rebuilding aggressively either. Their partial re-entry appears linked to one remaining support level that could still hold.

If that level fails, this fragile optimism may disappear. To understand why whales are hesitating, we need to look at where most holders possibly bought.

Cost Basis and Onyxcoin Price Levels Show the Last Line of Defense

Cost basis heat maps show where large holders possibly accumulated tokens. These zones often act as support when price revisits them. For Onyxcoin, most major cost clusters have already failed.

Support near $0.0053 and $0.0052 has been broken. The only significant remaining cluster sits near $0.0050, where nearly 3.9 billion XCN are concentrated. This makes $0.0050 the final major demand zone.

Cost Basis Heatmap: Glassnode

Holders who bought near this level are close to break-even. As long as the price stays above it, they may hold. If it breaks, many will move into losses and may rush to exit due to the lack of conviction and fear of an extended breakdown.

That is where cascading risk emerges. When a major cost basis cluster fails, neutral holders become underwater. Selling accelerates. Liquidity weakens. Fear spreads. This often leads to sharp follow-through declines. The Onyxcoin price structure aligns closely with this data.

Right now, XCN must hold above $0.0050 to avoid further damage. A sustained break below it would confirm the bear flag breakdown and validate continuation lower.

Onyxcoin Price Analysis: TradingView

If that happens, the next major targets sit near $0.0025 and $0.0017. On the upside, recovery remains difficult.

To regain short-term stability, XCN needs to reclaim $0.0057. Above that, $0.0070 and $0.0081 mark key resistance zones. These were former breakdown levels where selling intensified. Full invalidation of the bearish structure would require a move above $0.0099. Until then, rallies are likely to remain corrective.

O instanță federală din SUA a condamnat un fugar la cea mai mare pedeapsă maximă prevăzută de lege pentru rolul său într-o operațiune de înșelăciune în criptomonedă de 73 de milioane de dolari care a vizat victime prin intermediul platformelor de investiții false și înșelăciuni online.

Acest caz ilustrează riscul tot mai mare al fraudei transnaționale în criptomonedă. Înșelătoriile de acest tip au determinat autoritățile din SUA să intensifice investigațiile și aplicarea legii vizând operațiunile internaționale de spălare de bani.

Anatomia unei operațiuni de înșelăciune în criptomonedă de 73 de milioane de dolari

Potrivit Departamentului de Justiție, Daren Li, un cetățean dual din China și St. Kitts și Nevis, a jucat un rol cheie într-o înșelăciune internațională de investiții în criptomonedă. Aceasta a operat din centre de înșelăciune din Cambodgia.

La Forumul Economic Mondial 2026 de la Davos, crypto nu mai era încadrat ca un sistem financiar paralel. În schimb, a apărut ca o infrastructură instituțională emergentă—reglementată, operațională și din ce în ce mai modelată de legislație, structura pieței și termenele reale de implementare.

În întreaga casă CNBC și casa Bloomberg, conversația s-a îndepărtat decisiv de hype. Accentul a fost pe execuție: ce poate fi livrat realist în 2026, sub ce reguli și cu ce randament al capitalului.

De ce contează Davos pentru Crypto în 2026

Strategy Inc, also known as MicroStrategy, has staged a sharp rebound in its stock price since early February. After forming a local low on February 5, the MSTR stock price has climbed nearly 33% in just a few sessions. The move followed both a recovery in Bitcoin and renewed big money interest in MicroStrategy’s Bitcoin-linked business model championed by Michael Saylor.

This bounce in the MicroStrategy stock price looks strong on the surface. But context matters. The key question is whether this rally reflects lasting confidence in Strategy’s long-term Bitcoin strategy or another temporary surge tied to crypto sentiment.

Bitcoin and Earnings Explain the Bounce — But Also Its Limits

Strategy stock’s long-term price behavior remains tightly linked to Bitcoin.

After Bitcoin topped near $126,000 in October, selling pressure spread across crypto-linked equities. Strategy followed almost immediately. From its October peak, the MicroStrategy stock price slid more than 70% as Bitcoin entered a deep correction.

Since February 5, Bitcoin has recovered about 11%, moving from near $63,000 toward $70,000. During the same period, Strategy jumped around 33%. This three-to-one reaction shows how leveraged the stock remains to Bitcoin moves and reinforces the strong MicroStrategy Bitcoin correlation.

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MicroStrategy-BTC Correlation: TradingView

Earnings added a second layer of support.

In its Q4 2025 report, Strategy posted revenue of $123 million, up 1.9% year over year. Subscription revenue surged more than 62%, showing continued strength in its cloud business. Gross margins remained near 66%, giving the core software unit stable cash flow.

The massive net loss was driven mainly by non-cash accounting losses on Bitcoin holdings accumulated under Michael Saylor’s long-term strategy. It did not reflect operational weakness. Management emphasized continued Bitcoin accumulation and long-term positioning.

This combination, Bitcoin stabilizing and revenue beating expectations, created the foundation for the rebound in the MicroStrategy stock price.

But it also shows the limitation. As long as Bitcoin dominates valuation, Strategy’s upside remains tied to crypto cycles. That makes institutional positioning especially important.

Big Money Is Accumulating Quietly, But Bears Still Control Momentum

One of the most important signals comes from the Chaikin Money Flow, or CMF.

CMF measures whether large investors are buying or selling by combining price and volume. When CMF rises, it suggests that bigger players are accumulating. When it falls, it shows distribution.

Between late November and early February, Strategy’s price continued to fall. But CMF slowly trended higher during that period. This created a bullish divergence. While retail sentiment weakened around MicroStrategy stock, larger investors were quietly building positions.

After February 5, CMF finally moved above zero for the first time since December. This confirms that fresh capital has entered the stock. It suggests that big money is positioning for a potential Bitcoin recovery and sees Strategy, formerly MicroStrategy, as a leveraged way to express that view.

Big Money Supports:TradingView

However, momentum tells a more cautious story.

The Bull-Bear Power indicator measures whether buyers or sellers control short-term pressure. Despite the 33% rally in the MicroStrategy stock price, this indicator remains negative. Sellers still dominate. This means accumulation is happening, but control has not flipped.

In simple terms, institutions are buying, but they are not yet willing to push prices aggressively higher. That makes the rally vulnerable to sudden reversals.

Bears Still In Control Of The MicroStrategy Stock Price: TradingView

This weakness is also visible in the trend structure.

MicroStrategy Stock Price Still Trades Below Key Trend Barriers Despite the 33% Rally

Trend confirmation remains incomplete. Exponential Moving Averages, or EMAs, are price averages that give more weight to recent data. They help identify whether a trend is strengthening or weakening.

When price trades below major EMAs, rallies often fail. When it reclaims them, momentum usually improves. Right now, Strategy remains below the 20-day EMA. This level has acted as resistance throughout the downtrend in MicroStrategy’s stock price.

In early October, the last time the MicroStrategy stock price broke above its 20-day EMA, the shares rallied another 10% shortly after. That confirmed trend strength. The current rebound has not achieved that yet. Without a clean EMA reclaim, rallies tend to stall. This also increases sensitivity to Bitcoin. Even a small BTC pullback could trigger renewed selling in MSTR.

The structure is now defined by a narrow set of key levels. On the upside, $138 is the first major resistance. A daily close above this zone would signal improving strength in the MSTR stock price.

MSTR Price Analysis: TradingView

Above that, $150 is the critical barrier. This level aligns with psychological resistance and the key moving average (EMA). A sustained move above $150 would indicate real trend repair for the MSTR stock.

If $150 is reclaimed, the next target sits near $189. Only above that would a broader move toward $300 become realistic. That remains a secondary scenario, not the base case. On the downside, risk remains clear.

The $107 to $104 zone marks the February low. This area has already been tested once. A breakdown below $104 would invalidate the rebound.

If that happens, the MicroStrategy stock price could slide toward $82. A deeper weakness could expose the $56 region near the 0.618 Fibonacci retracement level.

Binance is making headlines on social media for multiple reasons. Among them, a Forbes report revealed that the exchange and its users control the overwhelming majority of USD1, a stablecoin issued by World Liberty Financial (WLFI).

With the WLFI venture linked to US President Donald Trump and his family, the disclosure has sparked debate over concentration risk, exchange influence, and the growing overlap between crypto markets and politics.

Binance’s USD1 Dominance Rekindles Debate Over Stablecoin Centralization

A February 9 Forbes investigation found that Binance holds approximately 87% of USD1’s circulating supply—around $4.7 billion out of roughly $5.4 billion in total.

USD1 Circulating Supply. Source: CoinGecko

According to the report, this represents the highest single-exchange concentration recorded among major stablecoins. Blockchain analytics data from Arkham Intelligence corroborates this data.

USD1 Concentration on Binance. Source: Arkham Intelligence

The findings fuel discussions about whether such a high level of concentration could create systemic risks or undermine the decentralization narrative often associated with stablecoins.

CZ Pushes Back on Centralization Narrative

Changpeng Zhao (CZ), the founder and former CEO of Binance, responded publicly to the debate, dismissing the concerns as overstated. In posts on X (Twitter), CZ argued that Binance historically holds large shares of many stablecoins simply because of its scale as the largest exchange.

“Binance (users) hold the largest % of most stablecoins (USDT, USDC, USD1, U … you name it) compared to all other CEXs. Not news,” wrote CZ.

Further, the Binance executive noted that when measuring centralized exchange holdings broadly, Binance typically accounts for roughly 60–70% across multiple assets.

Supporters echoed that view, arguing that the assets largely belong to customers rather than the exchange itself, and that high concentrations on a dominant trading venue are not unusual in crypto markets.

Political Links Add Fuel to the Debate

USD1’s ties to World Liberty Financial have amplified the controversy. WLFI, launched in 2024, lists Trump as co-founder emeritus alongside Donald Trump Jr., Eric Trump, and Barron Trump.

A Trump-affiliated entity reportedly owns a significant stake in the company, and financial disclosures show Trump earned tens of millions of dollars from the venture.

The Forbes report also noted that promotions tied to USD1 may have contributed to the concentration. In late January, Binance hosted campaigns and incentives linked to WLFI tokens, including distributions designed to reward USD1 holders. Such promotions can quickly increase liquidity on a single platform, particularly when paired with new trading pairs and marketing efforts.

These developments have led some analysts to question whether exchange incentives can shape the distribution of stablecoins more than organic market demand.

Analysts Warn of Concentration Risks

The general sentiment is that heavy concentration at a single exchange introduces theoretical risks, even if immediate threats to stability are limited.

These risks could include counterparty exposure in extreme scenarios or the potential for exchanges to exert influence over liquidity and market structure.

Independent crypto researcher Molly White described the concentration as unusual, though not entirely surprising given Binance’s role in promoting USD1.

She noted that high concentration can create leverage dynamics and raises questions about ownership transparency in large exchange-held balances.

Others were more critical. Former SEC adviser Corey Frayer argued that the structure and distribution of USD1 raise broader concerns about the stablecoin’s purpose and governance, as well as the identities of major holders behind large exchange balances.

“USD1 was never meant to be a real stablecoin,” Forbes reported, citing Frayer.

Binance and World Liberty Financial have both denied that the concentration implies control or undue influence.

Binance has described its involvement as limited to standard listing, infrastructure, and market-access services. Meanwhile, WLFI representatives have characterized exchange listings as a normal distribution channel.

Nevertheless, the episode has reignited a deeper industry debate: whether stablecoins can truly function as neutral financial infrastructure when liquidity and user activity are heavily concentrated on centralized platforms.

As blockchain technology and artificial intelligence continue to converge, x402—a standard that enables AI agents to execute automated on-chain payments—was expected to serve as a gateway to the emerging Agent Economy.

However, recent data shows a sharp decline in x402 transaction volume. This trend has raised doubts about whether the initial hype faded only months after its rapid rise.

x402 Transactions Down More Than 92%

According to a report from Artemis, the concept of x402 “agent payments” may currently be more illusion than reality. While tools such as OpenClaw, Moltbook, and specialized agent wallets are spreading rapidly across social media and developer communities, on-chain data tells a very different story.

x402 Transactions by Chain. Source: Artemis.

In December 2025, x402 averaged approximately 731,000 transactions per day. By February 2026, daily transactions fell to around 57,000. This represents a decline of more than 92% from the peak.

Charts from Artemis clearly illustrate this drop across networks such as Base, Polygon PoS, and Solana.

Lucas, an on-chain payments specialist at Artemis, provided further insight. By examining transaction declines by category, he identified a sharp contraction in the “Infrastructure & Utilities” segment as the primary direct cause.

x402 Transactions by Category. Source: Artemis.

Activity from services such as x402secure.com, agentlisa.ai, and pay.codenut.ai dropped by more than 80% from previous highs. These platforms serve as critical infrastructure bridges, enabling smooth, reliable x402 payments for agents. Meanwhile, demand has yet to materialize.

“The bigger takeaway is that these tools, apps, and interfaces developed recently show what’s possible and where things are heading. But the demand really isn’t here yet,” Lucas said.

Despite the negative data, many analysts continue to express optimism about the long-term future of an agent-based economy.

Signals Pointing to a Future Agent Economy Boom

Looking further ahead, analysts envision a new economic system in which AI agents become independent economic entities. These agents would be capable of acting autonomously, making decisions, transacting, and generating value without constant human oversight.

Analyst Stacy Muur highlighted three key signals supporting this vision:

The OpenClaw framework has surpassed 180,000 GitHub stars, indicating strong community interest. This is an open-source, autonomous AI assistant that can monitor wallets, automate airdrops, and participate in prediction markets.

Moltbook, the first social network designed exclusively for AI agents, has already attracted nearly 2.5 million agents.

ERC-8004, a new token standard designed for decentralized AI agents, is ready for deployment on the Ethereum mainnet, bringing this vision closer to reality.

From an investment perspective, however, projects within the x402 ecosystem listed on CoinGecko have yet to demonstrate notable price performance. The sector’s total market capitalization exceeds $6.7 billion, but Chainlink (LINK) alone accounts for more than $6 billion. Most remaining projects have market capitalizations below $100 million.

Broad market selling pressure and prevailing fear have caused investors to overlook the positive fundamentals of the x402 and AI Agent ecosystem. Under more favorable market sentiment, these factors could potentially give rise to new billion-dollar crypto projects.

Factorii interni pozitivi, cum ar fi ETF-urile și DAT-urile, nu reușesc să explice pe deplin de ce capitalul a continuat să iasă din piață încă din mijlocul anului trecut. Corelația dintre Bitcoin și acțiunile software din SUA oferă o nouă perspectivă.

Datele recente subliniază modul în care creditul privat a ajuns să domine piața crypto.

O Corelație Puternică Între Bitcoin Și Acțiunile Software Din SUA

Conform unui raport Grayscale, mișcările recente ale prețului Bitcoin au urmărit îndeaproape acțiunile software cu creștere rapidă. Acest comportament arată că BTC se tranzacționează mai mult ca un activ de creștere decât ca „aur digital.”

Mâine, 11 februarie 2026, primul workshop L1-zkEVM va oferi o primă privire asupra unui nou sistem care ar putea face validarea blocurilor mai rapidă, mai ieftină și mai accesibilă pentru toată lumea.

În loc să reexecute fiecare tranzacție dintr-un bloc, Ethereum ar putea să se bazeze în curând pe dovezi de zero-cunoaștere (ZK), permițând validatorilor să verifice corectitudinea prin dovezi criptografice.

De ce schimbarea Ethereum către dovezile ZK ar putea redefini validarea blocurilor

Cercetătorul Fundației Ethereum, Ladislaus.eth, a numit-o „probabil una dintre cele mai semnificative” actualizări din istoria rețelei.