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Russians spending $648 million on crypto every day, says finance ministry
Russians are conducting crypto deals worth a total of around $648 million per day, the country’s finance ministry says.
Cryptocurrency usage in Russia is “only continuing to grow,” Deputy Finance Minister Ivan Chebeskov told media representatives this week, Russian media outlet RBC reported.
“We’ve repeatedly said that millions of citizens are involved in crypto trading,” Chebeskov said. “That represents trillions of rubles’ worth of [purchases] and savings. The annual transaction volume in Russia is over [$130 billion]. All of that is currently occurring in unregulated spaces. It’s outside the scope of our control.”
Moscow says it wants to fast-track regulations this year, aware that the size of its crypto derivatives and other blockchain-powered financial instruments has grown beyond the $13 billion mark.
Fast track
Vladimir Chistyukhin, First Deputy Chairman of the Russian central bank, told reporters that he expected lawmakers to approve new regulations for the crypto market during the State Duma’s upcoming spring session.
Both the government and the bank now back regulations, Chistyukhin said.
“[We] will provide a transition period for market participants to obtain the necessary licenses, develop the necessary internal documents to begin operations, and legalise this part of the [financial] markets.”
The law will focus mainly on exchanges and will impose a system of penalties for trading platforms that fail to obtain operating permits.
The ministry said it made its calculations using the anti-money laundering agency Rosfinmonitoring’s Transparent Blockchain platform.
Senior officials from the Moscow Exchange, Russia’s biggest stock market, said they also wanted to “compete for a slice” of the crypto “pie.”
The exchange and several of Russia’s biggest banks said they were ready to provide their customers with a range of crypto-related services once the legislation rolls out.
Crypto market movers
Bitcoin is down by almost 1% over the past 24 hours, currently trading at $68,991.
Ethereum is down 3% in the past 24 hours, and is priced at $1,999.
What we’re reading
Aave Labs proposes paying DAO all revenue from Aave-branded products — DL News
Clarity Act will lift Bitcoin price, says Treasury Secretary Bessent — DL News
An abduction, a Bitcoin demand and a TV icon - why Nancy Guthrie’s case has gripped the US — BBC
Is Coinbase dying or evolving? — Milk Road
Bitcoin to $50,000? Standard Chartered predicts ‘more pain’ for price — DL News
Tim Alper is a News Correspondent at DL News. Got a tip? Email him at tdalper@dlnews.com.
Cryptocurrency usage in Russia is “only continuing to grow,” Deputy Finance Minister Ivan Chebeskov told media representatives this week, Russian media outlet RBC reported.
“We’ve repeatedly said that millions of citizens are involved in crypto trading,” Chebeskov said. “That represents trillions of rubles’ worth of [purchases] and savings. The annual transaction volume in Russia is over [$130 billion]. All of that is currently occurring in unregulated spaces. It’s outside the scope of our control.”
Moscow says it wants to fast-track regulations this year, aware that the size of its crypto derivatives and other blockchain-powered financial instruments has grown beyond the $13 billion mark.
Fast track
Vladimir Chistyukhin, First Deputy Chairman of the Russian central bank, told reporters that he expected lawmakers to approve new regulations for the crypto market during the State Duma’s upcoming spring session.
Both the government and the bank now back regulations, Chistyukhin said.
“[We] will provide a transition period for market participants to obtain the necessary licenses, develop the necessary internal documents to begin operations, and legalise this part of the [financial] markets.”
The law will focus mainly on exchanges and will impose a system of penalties for trading platforms that fail to obtain operating permits.
The ministry said it made its calculations using the anti-money laundering agency Rosfinmonitoring’s Transparent Blockchain platform.
Senior officials from the Moscow Exchange, Russia’s biggest stock market, said they also wanted to “compete for a slice” of the crypto “pie.”
The exchange and several of Russia’s biggest banks said they were ready to provide their customers with a range of crypto-related services once the legislation rolls out.
Crypto market movers
Bitcoin is down by almost 1% over the past 24 hours, currently trading at $68,991.
Ethereum is down 3% in the past 24 hours, and is priced at $1,999.
What we’re reading
Aave Labs proposes paying DAO all revenue from Aave-branded products — DL News
Clarity Act will lift Bitcoin price, says Treasury Secretary Bessent — DL News
An abduction, a Bitcoin demand and a TV icon - why Nancy Guthrie’s case has gripped the US — BBC
Is Coinbase dying or evolving? — Milk Road
Bitcoin to $50,000? Standard Chartered predicts ‘more pain’ for price — DL News
Tim Alper is a News Correspondent at DL News. Got a tip? Email him at tdalper@dlnews.com.
Cea mai mare firmă de valori mobiliare din Coreea de Sud achiziționează bursă de criptomonede pe fondul creșterii pieței de acțiuni
Cea mai mare firmă de valori mobiliare din Coreea de Sud a convenit asupra unei afaceri de 92 de milioane de dolari pentru a prelua Korbit, cea mai veche bursă de criptomonede din țară.
Afacerea va vedea Mirae Asset, o firmă cu 418 miliarde de dolari în active totale gestionate, cumpărând 92% din acțiunile Korbit, sub rezerva aprobării reglementărilor.
Scopul preluării de către Mirae este „asigurarea motoarelor de creștere viitoare alimentate de active digitale”, a declarat firma într-un comunicat, a raportat ziarul sud-coreean Chosun Ilbo.
Prețul acțiunilor Mirae Asset a crescut pe baza știrilor despre afacere, crescând cu un total de peste 15% în ultimele cinci zile. În ultimele șase luni, prețurile acțiunilor companiei au explodat cu 226%.
Afacerea va vedea Mirae Asset, o firmă cu 418 miliarde de dolari în active totale gestionate, cumpărând 92% din acțiunile Korbit, sub rezerva aprobării reglementărilor.
Scopul preluării de către Mirae este „asigurarea motoarelor de creștere viitoare alimentate de active digitale”, a declarat firma într-un comunicat, a raportat ziarul sud-coreean Chosun Ilbo.
Prețul acțiunilor Mirae Asset a crescut pe baza știrilor despre afacere, crescând cu un total de peste 15% în ultimele cinci zile. În ultimele șase luni, prețurile acțiunilor companiei au explodat cu 226%.
Trump Media depune cerere pentru a lansa ETF-uri Bitcoin, Ethereum și de randament cripto
Președintele Donald Trump nu încetinește cu afacerile sale în domeniul criptomonedelor, compania liderului american depunând cerere pentru două ETF-uri noi.
Truth Social Funds, un emitent de ETF-uri din Trump Media și Technology Group, din care președintele este proprietar majoritar, a anunțat vineri că a depus cerere pentru un fond Bitcoin și Ethereum și un fond de randament cripto.
Produsul de randament cripto, denumit „Truth Social Cronos Yield Maximizer ETF”, va oferi investitorilor expunere la performanța CRO, tokenul nativ al Cronos. Fondul Bitcoin și Ethereum, „Truth Social Bitcoin and Ether ETF”, va urmări cele mai mari două criptomonede.
Truth Social Funds, un emitent de ETF-uri din Trump Media și Technology Group, din care președintele este proprietar majoritar, a anunțat vineri că a depus cerere pentru un fond Bitcoin și Ethereum și un fond de randament cripto.
Produsul de randament cripto, denumit „Truth Social Cronos Yield Maximizer ETF”, va oferi investitorilor expunere la performanța CRO, tokenul nativ al Cronos. Fondul Bitcoin și Ethereum, „Truth Social Bitcoin and Ether ETF”, va urmări cele mai mari două criptomonede.
Dogecoin avansează în timp ce Bitcoin și Ethereum văd câștiguri de scurtă durată
Bitcoin și Ethereum au crescut ușor sâmbătă înainte de a scădea, ștergând orice câștiguri pe care le-ar fi putut înregistra pentru săptămână.
Dar o monedă fură spectacolul: Dogecoin.
A noua cea mai mare criptomonedă după valoarea de piață și originalul memecoin a fost recent tranzacționată cu 11% mai mult în ultimele 24 de ore, conform CoinGecko. Moneda este cea mai mare câștigătoare din ultima zi dintre criptomonedele cu capitalizare mare.
Prețul Dogecoin a fost de aproape 0,11 $ pe monedă la ora 14:00 în New York. Motivul ar putea fi știrea că X — fost Twitter — aduce tranzacționarea cripto pe platforma sa. Scriind pe site-ul web sâmbătă, șeful de produs al X a spus că o nouă funcție în săptămânile următoare va "permite să tranzacționați acțiuni și cripto direct din cronologie."
Dar o monedă fură spectacolul: Dogecoin.
A noua cea mai mare criptomonedă după valoarea de piață și originalul memecoin a fost recent tranzacționată cu 11% mai mult în ultimele 24 de ore, conform CoinGecko. Moneda este cea mai mare câștigătoare din ultima zi dintre criptomonedele cu capitalizare mare.
Prețul Dogecoin a fost de aproape 0,11 $ pe monedă la ora 14:00 în New York. Motivul ar putea fi știrea că X — fost Twitter — aduce tranzacționarea cripto pe platforma sa. Scriind pe site-ul web sâmbătă, șeful de produs al X a spus că o nouă funcție în săptămânile următoare va "permite să tranzacționați acțiuni și cripto direct din cronologie."
Tranzacționarea criptomonedelor se îndreaptă către X pe măsură ce Musk construiește „aplicația pentru toate”
Tranzacționarea criptomonedelor va fi disponibilă pe X în următoarele câteva săptămâni, a spus șeful de produs al aplicației, la câțiva ani după ce proprietarul Elon Musk a vorbit despre transformarea platformei într-o „aplicație pentru toate”.
Scriind pe platformă sâmbătă, Nikita Bier de la X a spus că funcția va funcționa prin Smart Cashtags — o nouă funcție anunțată în ianuarie care oferă utilizatorilor informații de preț în timp real pentru criptomonede și acțiuni.
„Lansăm o serie de funcții în câteva săptămâni, inclusiv Smart Cashtags care vă va permite să tranzacționați acțiuni și criptomonede direct din cronologie”, a scris Bier.
Scriind pe platformă sâmbătă, Nikita Bier de la X a spus că funcția va funcționa prin Smart Cashtags — o nouă funcție anunțată în ianuarie care oferă utilizatorilor informații de preț în timp real pentru criptomonede și acțiuni.
„Lansăm o serie de funcții în câteva săptămâni, inclusiv Smart Cashtags care vă va permite să tranzacționați acțiuni și criptomonede direct din cronologie”, a scris Bier.
Legea Clarității va ridica prețul Bitcoin, spune secretarul Trezoreriei Bessent
În timp ce prețurile criptomonedelor sunt instabile, secretarul Trezoreriei Statelor Unite, Scott Bessent, a declarat joi că promovarea legislației criptomonede blocate, inclusiv mult discutata Lege a Clarității, va ajuta la stabilizarea piețelor afectate și la restabilirea încrederii investitorilor.
Prețul Bitcoin a scăzut aproximativ cu jumătate față de maximul său din octombrie 2025, iar Washingtonul rămâne blocat în privința modului de a reglementa criptomonedele.
Într-un interviu de joi cu CNBC, Bessent a fost întrebat ce părere are despre starea actuală a prețurilor criptomonedelor.
“Bitcoin are o istorie de mișcări volatile,” a spus Bessent. “Dar o parte din volatilitatea de aici este autoindusă: există un grup de democrați care doresc să colaboreze cu republicanii pentru a obține un proiect de lege privind structura pieței — se numește proiectul de lege Clarity — dar există un grup de firme de criptomonede care l-au blocat.”
Prețul Bitcoin a scăzut aproximativ cu jumătate față de maximul său din octombrie 2025, iar Washingtonul rămâne blocat în privința modului de a reglementa criptomonedele.
Într-un interviu de joi cu CNBC, Bessent a fost întrebat ce părere are despre starea actuală a prețurilor criptomonedelor.
“Bitcoin are o istorie de mișcări volatile,” a spus Bessent. “Dar o parte din volatilitatea de aici este autoindusă: există un grup de democrați care doresc să colaboreze cu republicanii pentru a obține un proiect de lege privind structura pieței — se numește proiectul de lege Clarity — dar există un grup de firme de criptomonede care l-au blocat.”
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Binance France boss targeted in failed home invasion wrench attack
Binance has confirmed that a member of its team is safe after local media reported that the crypto exchange’s French CEO was targeted in a failed wrench attack.
French publication RTL reported Friday that three hooded men tried to break into the Val-de-Marne home of David Prinçay, the executive, on Thursday.
When they realised he wasn’t at home, they stole two phones and left before being caught by police later in the day, according to reports. A woman was also hurt in the incident after the attackers searched the wrong home, RTL added.
“There are reports circulating regarding one of our French employees. We can confirm that he and his family are safe and actively working with law enforcement,” Binance said in an emailed statement.
“We understand that three individuals connected to this matter have been arrested by authorities. The investigation remains ongoing, and we are continuing to cooperate fully,” the exchange added.
Binance would not respond to further questions from DL News and did not name which employee was targeted.
Prinçay and French cops did not immediately respond to questions.
Wrench attacks — when physical violence is used to steal crypto — surged in 2025. A tracker created by Bitcoin developer Jameson Lopp counted more than 70 attacks during the year.
These attacks have haunted the crypto sphere for years, but a string of high-profile violent attacks over the past year has significantly raised the threat level for crypto investors.
And 2026 hasn’t gotten off to a good start: Lopp’s tracker has so far counted 14 incidents.
A large number of wrench attacks are happening in France, too, with 11 of 14 2026’s incidents taking place in the European nation.
Wrench attacks have happened for years but made headlines in 2025 when crooks kidnapped David Balland, co-founder of crypto hardware wallet brand Ledger, and his wife in France.
Criminals held the pair for around 24 hours before they were rescued by the French authorities.
Mathew Di Salvo is a news correspondent with DL News. Got a tip? Email at mdisalvo@dlnews.com.
French publication RTL reported Friday that three hooded men tried to break into the Val-de-Marne home of David Prinçay, the executive, on Thursday.
When they realised he wasn’t at home, they stole two phones and left before being caught by police later in the day, according to reports. A woman was also hurt in the incident after the attackers searched the wrong home, RTL added.
“There are reports circulating regarding one of our French employees. We can confirm that he and his family are safe and actively working with law enforcement,” Binance said in an emailed statement.
“We understand that three individuals connected to this matter have been arrested by authorities. The investigation remains ongoing, and we are continuing to cooperate fully,” the exchange added.
Binance would not respond to further questions from DL News and did not name which employee was targeted.
Prinçay and French cops did not immediately respond to questions.
Wrench attacks — when physical violence is used to steal crypto — surged in 2025. A tracker created by Bitcoin developer Jameson Lopp counted more than 70 attacks during the year.
These attacks have haunted the crypto sphere for years, but a string of high-profile violent attacks over the past year has significantly raised the threat level for crypto investors.
And 2026 hasn’t gotten off to a good start: Lopp’s tracker has so far counted 14 incidents.
A large number of wrench attacks are happening in France, too, with 11 of 14 2026’s incidents taking place in the European nation.
Wrench attacks have happened for years but made headlines in 2025 when crooks kidnapped David Balland, co-founder of crypto hardware wallet brand Ledger, and his wife in France.
Criminals held the pair for around 24 hours before they were rescued by the French authorities.
Mathew Di Salvo is a news correspondent with DL News. Got a tip? Email at mdisalvo@dlnews.com.
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Ethereum Foundation co-director resigns to focus on AI
Tomasz Stańczak, a co-director of the Ethereum Foundation, will resign at the end of the month, he said on Friday.
He will be replaced by Bastian Aue, a member of the Foundation’s leadership team. Hsiao-Wei Wang will remain as the Foundation’s other executive director.
Stańczak’s resignation comes less than a year after he and Wang were appointed as co-executive directors, replacing the organisation’s longtime, embattled leader, Aya Miyaguchi. Miyaguchi remained as a member of the Foundation’s four-person board alongside Ethereum co-founder and figurehead Vitalik Buterin.
In a blog post explaining his departure, Stańczak said he would continue working on Ethereum as a “hands-on product builder” with a focus on artificial intelligence.
“I know now that agentic systems and AI-assisted discovery are reshaping the world,” he wrote. “I am well aware of the impermanence or even uselessness of some of the agentic ideas, but it is the playful experimentation that defined much of the early Ethereum innovation.”
Stańczak also suggested his departure was prompted in part by his shrinking role at the Foundation.
“The leaders at the EF grew more confident about making decisions by themselves and owning more,” he wrote.
“While my ability to execute independently at the EF diminishes over time, my time at the organization in 2026 would feel more and more like just staying around to pass the baton.”
Stańczak said the Foundation would soon publish several major proposals, including the details of a “lean” Ethereum and proposed roadmaps for the blockchain’s ongoing development and for “DeFi coordination.”
Stańczak and Wang were appointed to replace Miyaguchi in March 2025, after Miyaguchi had become a target for Ethereum investors frustrated with the cryptocurrency’s middling performance in the wake of Donald Trump’s reelection in the US.
Among other things, critics had assailed the Foundation for not taking a more muscular approach to Ethereum development.
Miyaguchi and Buterin, concerned the Foundation would become the de facto leader of an ecosystem that was meant to be decentralised, portrayed the Foundation’s role as that of coordinating Ethereum’s disparate developers, rather than leading its development.
Under Stańczak and Wang, the Foundation laid off 19 employees, turned its focus from layer 2 blockchains to scaling Ethereum itself, began promoting the blockchain in a series of videos released on social media, and pushed the pace of Ethereum upgrades.
They also launched initiatives focused on privacy, the threat of quantum computers, and artificial intelligence.
“The ecosystem called out,” Stańczak told DL News in an exclusive interview last year.
“You’re operating too disorganised, you need to operate a bit more centralised and way more accelerated to be there for this critical period.”
Aleks Gilbert is DL News’ New York-based DeFi correspondent. You can contact him at aleks@dlnews.com.
He will be replaced by Bastian Aue, a member of the Foundation’s leadership team. Hsiao-Wei Wang will remain as the Foundation’s other executive director.
Stańczak’s resignation comes less than a year after he and Wang were appointed as co-executive directors, replacing the organisation’s longtime, embattled leader, Aya Miyaguchi. Miyaguchi remained as a member of the Foundation’s four-person board alongside Ethereum co-founder and figurehead Vitalik Buterin.
In a blog post explaining his departure, Stańczak said he would continue working on Ethereum as a “hands-on product builder” with a focus on artificial intelligence.
“I know now that agentic systems and AI-assisted discovery are reshaping the world,” he wrote. “I am well aware of the impermanence or even uselessness of some of the agentic ideas, but it is the playful experimentation that defined much of the early Ethereum innovation.”
Stańczak also suggested his departure was prompted in part by his shrinking role at the Foundation.
“The leaders at the EF grew more confident about making decisions by themselves and owning more,” he wrote.
“While my ability to execute independently at the EF diminishes over time, my time at the organization in 2026 would feel more and more like just staying around to pass the baton.”
Stańczak said the Foundation would soon publish several major proposals, including the details of a “lean” Ethereum and proposed roadmaps for the blockchain’s ongoing development and for “DeFi coordination.”
Stańczak and Wang were appointed to replace Miyaguchi in March 2025, after Miyaguchi had become a target for Ethereum investors frustrated with the cryptocurrency’s middling performance in the wake of Donald Trump’s reelection in the US.
Among other things, critics had assailed the Foundation for not taking a more muscular approach to Ethereum development.
Miyaguchi and Buterin, concerned the Foundation would become the de facto leader of an ecosystem that was meant to be decentralised, portrayed the Foundation’s role as that of coordinating Ethereum’s disparate developers, rather than leading its development.
Under Stańczak and Wang, the Foundation laid off 19 employees, turned its focus from layer 2 blockchains to scaling Ethereum itself, began promoting the blockchain in a series of videos released on social media, and pushed the pace of Ethereum upgrades.
They also launched initiatives focused on privacy, the threat of quantum computers, and artificial intelligence.
“The ecosystem called out,” Stańczak told DL News in an exclusive interview last year.
“You’re operating too disorganised, you need to operate a bit more centralised and way more accelerated to be there for this critical period.”
Aleks Gilbert is DL News’ New York-based DeFi correspondent. You can contact him at aleks@dlnews.com.
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BlackRock Goldman and CitiGroup lead Wall Street’s crypto hiring spree
A version of this article appeared in our The Roundup newsletter on February 13. Sign up here.
Hi. Eric here.
Wall Street is hunting for crypto talent.
BlackRock, Goldman Sachs, Morgan Stanley, and CitiGroup are just some of the traditional finance players who are actively recruiting for candidates with crypto know-how, according to roles advertised on their websites.
But this is just the beginning as the financial heavyweights adopt digital assets like never before, crypto-focused recruiters say.
“When I speak with CEOs from TradFi who are now building digital assets, they consistently say the same thing: Crypto will ultimately be integrated into TradFi, not exist separately,” Sam Wellalage, founder of the recruitment agency WorkInCrypto, told me.
Indeed, Wall Street’s recruitment efforts come in a week where Goldman Sachs has unveiled that it has $2 billion worth of crypto exposure, and BlackRock scooped up an undisclosed amount of Uniswap governance tokens.
At the same time, a slew of financial heavyweights are gearing up to attend the World Liberty Forum, the crypto event organised by the Trump family’s crypto venture, next week.
US President Donald Trump’s pro-crypto policies are often credited for Wall Street’s return to digital assets. His promises to make the country the crypto capital of the world and his championing of light-touch regulations have emboldened banks, investment companies and fintech firms to explore blockchain-based businesses.
It is against this backdrop that several of these firms are now sourcing talent to bolster their digital asset teams.
“Institutional recruitment in 2026 will be about finding digital asset leaders who can operate at the intersection of capital, markets, and regulation — not just crypto enthusiasm,” Wellalage said.
At a time when the total cryptocurrency market has lost $2 trillion, or half, of its value since October, it is encouraging that firms are still looking to strengthen their digital asset teams.
Binance founder Changpeng Zhao says he ‘didn’t do much’ to get Trump pardon
Binance’s co-founder Changpeng Zhao said he didn’t do much to make Trump pardon him. Tim Craig reports on the crypto mogul’s latest comments.
Bitcoin narrative woes: How Trump Fed pick Kevin Warsh will finally give price stability
In his latest column, Wolfgang Münchau argues that one of Bitcoin’s biggest problems is that it struggles to find a narrative that fits. Yet, Trump’s pick to lead the Federal Reserve may fix that.
Robinhood crypto revenue falls 38% as CEO says not to be ‘distracted by short term’ fluctuations
Robinhood has led the wave of fintech firms that have muscled into crypto. While this provides them with plenty of opportunities, it also exposes them to risks, as Robinhood’s fourth quarter earnings showed this week. Mathew Di Salvo reports.
Post of the Week
Coinbase spent millions on its Super Bowl ad, but not everyone was impressed.
pic.twitter.com/gCGsRQm2LC
— Bold (@boldleonidas) February 9, 2026
Hi. Eric here.
Wall Street is hunting for crypto talent.
BlackRock, Goldman Sachs, Morgan Stanley, and CitiGroup are just some of the traditional finance players who are actively recruiting for candidates with crypto know-how, according to roles advertised on their websites.
But this is just the beginning as the financial heavyweights adopt digital assets like never before, crypto-focused recruiters say.
“When I speak with CEOs from TradFi who are now building digital assets, they consistently say the same thing: Crypto will ultimately be integrated into TradFi, not exist separately,” Sam Wellalage, founder of the recruitment agency WorkInCrypto, told me.
Indeed, Wall Street’s recruitment efforts come in a week where Goldman Sachs has unveiled that it has $2 billion worth of crypto exposure, and BlackRock scooped up an undisclosed amount of Uniswap governance tokens.
At the same time, a slew of financial heavyweights are gearing up to attend the World Liberty Forum, the crypto event organised by the Trump family’s crypto venture, next week.
US President Donald Trump’s pro-crypto policies are often credited for Wall Street’s return to digital assets. His promises to make the country the crypto capital of the world and his championing of light-touch regulations have emboldened banks, investment companies and fintech firms to explore blockchain-based businesses.
It is against this backdrop that several of these firms are now sourcing talent to bolster their digital asset teams.
“Institutional recruitment in 2026 will be about finding digital asset leaders who can operate at the intersection of capital, markets, and regulation — not just crypto enthusiasm,” Wellalage said.
At a time when the total cryptocurrency market has lost $2 trillion, or half, of its value since October, it is encouraging that firms are still looking to strengthen their digital asset teams.
Binance founder Changpeng Zhao says he ‘didn’t do much’ to get Trump pardon
Binance’s co-founder Changpeng Zhao said he didn’t do much to make Trump pardon him. Tim Craig reports on the crypto mogul’s latest comments.
Bitcoin narrative woes: How Trump Fed pick Kevin Warsh will finally give price stability
In his latest column, Wolfgang Münchau argues that one of Bitcoin’s biggest problems is that it struggles to find a narrative that fits. Yet, Trump’s pick to lead the Federal Reserve may fix that.
Robinhood crypto revenue falls 38% as CEO says not to be ‘distracted by short term’ fluctuations
Robinhood has led the wave of fintech firms that have muscled into crypto. While this provides them with plenty of opportunities, it also exposes them to risks, as Robinhood’s fourth quarter earnings showed this week. Mathew Di Salvo reports.
Post of the Week
Coinbase spent millions on its Super Bowl ad, but not everyone was impressed.
pic.twitter.com/gCGsRQm2LC
— Bold (@boldleonidas) February 9, 2026
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Will Coinbase stock surge 212%? ‘Take the pain here rather than panic’
Coinbase’s stock price will surge by 212% to hit $440, according to Bernstein.
The research and brokerage firm revealed the price target in a Friday note to investors shared with DL News. The analysts provided no timeline for when Coinbase may achieve the stock price, which reached a record closing price of $444 in July.
Bernstein’s forecast comes on the back of the leading US crypto exchange reporting that its losses grew to $667 million in the fourth quarter of 2025, a 151% drop from the last three months of 2024.
“Unfortunately, with COIN fully exposed to crypto markets, there is nowhere to hide,” Gautum Chhugani and his three Bernstein colleagues wrote in the note.
Yet, the analysts argued that Coinbase’s balance sheet remains strong, and that they expect the market to recover later in 2026 and 2027.
“Hence, we would wait out the crypto volatility and take the pain here, rather than panic close to the market lows,” they wrote.
Bernstein’s price target injects some much needed optimism into the crypto industry’s narrative. Cryptocurrencies have lost $2 trillion, or roughly half, of their combined total value since October. Bitcoin is down 47% in the same period.
Some suggest that the market is in for more pain. Even so, Bernstein’s analysts argue that not only will the market recover, but that Coinbase has already launched a smattering of initiatives that will position it to capitalise on the next rally.
That includes acquisitions like its $2.9 billion purchase of crypto options exchange Deribit, and launching its prediction market and stock market-trading services.
“The goal is to position Coinbase as the single trusted venue for trading the full range of assets customers want — crypto, derivatives, equities, and prediction markets,” Bernstein wrote.
Eric Johansson is DL News’ managing editor. Got a tip? Email him at eric@dlnews.com.
The research and brokerage firm revealed the price target in a Friday note to investors shared with DL News. The analysts provided no timeline for when Coinbase may achieve the stock price, which reached a record closing price of $444 in July.
Bernstein’s forecast comes on the back of the leading US crypto exchange reporting that its losses grew to $667 million in the fourth quarter of 2025, a 151% drop from the last three months of 2024.
“Unfortunately, with COIN fully exposed to crypto markets, there is nowhere to hide,” Gautum Chhugani and his three Bernstein colleagues wrote in the note.
Yet, the analysts argued that Coinbase’s balance sheet remains strong, and that they expect the market to recover later in 2026 and 2027.
“Hence, we would wait out the crypto volatility and take the pain here, rather than panic close to the market lows,” they wrote.
Bernstein’s price target injects some much needed optimism into the crypto industry’s narrative. Cryptocurrencies have lost $2 trillion, or roughly half, of their combined total value since October. Bitcoin is down 47% in the same period.
Some suggest that the market is in for more pain. Even so, Bernstein’s analysts argue that not only will the market recover, but that Coinbase has already launched a smattering of initiatives that will position it to capitalise on the next rally.
That includes acquisitions like its $2.9 billion purchase of crypto options exchange Deribit, and launching its prediction market and stock market-trading services.
“The goal is to position Coinbase as the single trusted venue for trading the full range of assets customers want — crypto, derivatives, equities, and prediction markets,” Bernstein wrote.
Eric Johansson is DL News’ managing editor. Got a tip? Email him at eric@dlnews.com.
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Crypto’s $2tn wipeout not stopping deals, VCs say
Things are looking brutal.
The $2 trillion crypto industry wipeout has decimated market sentiment. Bitcoin is down 47% from its October peak — with market watchers expecting more pain to come.
Other top crypto assets have fallen even more, with Ethereum trading at a 60% discount and Solana 73%.
Indeed, crypto startups raised just $18.5 million this week, DefiLlama data shows.
That’s the worst week since the New Year holiday break and one of the leanest periods over the past two years.
Yet the massacre is not changing frontier investors’ minds about the fledgling industry, venture capitalists say.
“The fundamentals of blockchain companies have actually strengthened,” Charlie Sandor, partner at venture capital firm CMT Digital, told DL News.
“What we’ve seen change is how future token outcomes are being valued, which has brought valuations down for projects with token outcomes where expectations were previously priced much higher,” Sandor said.
Sandor said that he expects deal terms to “stay measured” with money going to projects with “real usage and revenue.”
Here are the top three raises this week.
Bullshot, $7.5 million
Bullshot, an artificial intelligence-powered meme token launchpad built on the BNB Chain, announced it raised $7.5 million in a private round backed by Animoca Brands and Genesis Capital as well as other investors.
The platform uses automation to enable one-click token creation, lowering technical barriers for issuers. It also incorporates what it describes as anti-bot protections designed to curb predatory trading behaviour.
Bullshot says it has facilitated the launch of more than 70,000 tokens, reflecting sustained appetite for fair-launch meme assets within the BNB ecosystem.
Levl, $7 million
Swiss-based Levl, a stablecoin infrastructure provider spun out of Galaxy Digital, closed a $7 million seed round led by Galaxy Ventures, Fortune reported.
The firm offers a unified platform connecting traditional banking rails with blockchain-based settlement, enabling instant global payments using fiat and stablecoins such as USDC.
With regulatory approvals in Switzerland and Canada, Levl said it had an annualised transaction volume exceeding $1 billion within four months of launch.
Birch Hill Holdings, $2.5 million
New York-based Birch Hill Holdings secured $2.5 million in a pre-seed round co-led by ParaFi Capital and Castle Island Ventures.
Founded by former structured credit and risk professionals from Goldman Sachs and BlackRock, the firm is building institutional-grade infrastructure for on-chain lending and real-world asset tokenisation.
Its proprietary product is a collateral risk framework designed to provide fiduciaries with auditable oversight and governance standards tailored to decentralised credit markets.
You’re reading the latest instalment of The Weekly Raise, our column covering fundraising deals across the crypto and DeFi spaces, powered by DefiLlama.
Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email him at lance@dlnews.com.
The $2 trillion crypto industry wipeout has decimated market sentiment. Bitcoin is down 47% from its October peak — with market watchers expecting more pain to come.
Other top crypto assets have fallen even more, with Ethereum trading at a 60% discount and Solana 73%.
Indeed, crypto startups raised just $18.5 million this week, DefiLlama data shows.
That’s the worst week since the New Year holiday break and one of the leanest periods over the past two years.
Yet the massacre is not changing frontier investors’ minds about the fledgling industry, venture capitalists say.
“The fundamentals of blockchain companies have actually strengthened,” Charlie Sandor, partner at venture capital firm CMT Digital, told DL News.
“What we’ve seen change is how future token outcomes are being valued, which has brought valuations down for projects with token outcomes where expectations were previously priced much higher,” Sandor said.
Sandor said that he expects deal terms to “stay measured” with money going to projects with “real usage and revenue.”
Here are the top three raises this week.
Bullshot, $7.5 million
Bullshot, an artificial intelligence-powered meme token launchpad built on the BNB Chain, announced it raised $7.5 million in a private round backed by Animoca Brands and Genesis Capital as well as other investors.
The platform uses automation to enable one-click token creation, lowering technical barriers for issuers. It also incorporates what it describes as anti-bot protections designed to curb predatory trading behaviour.
Bullshot says it has facilitated the launch of more than 70,000 tokens, reflecting sustained appetite for fair-launch meme assets within the BNB ecosystem.
Levl, $7 million
Swiss-based Levl, a stablecoin infrastructure provider spun out of Galaxy Digital, closed a $7 million seed round led by Galaxy Ventures, Fortune reported.
The firm offers a unified platform connecting traditional banking rails with blockchain-based settlement, enabling instant global payments using fiat and stablecoins such as USDC.
With regulatory approvals in Switzerland and Canada, Levl said it had an annualised transaction volume exceeding $1 billion within four months of launch.
Birch Hill Holdings, $2.5 million
New York-based Birch Hill Holdings secured $2.5 million in a pre-seed round co-led by ParaFi Capital and Castle Island Ventures.
Founded by former structured credit and risk professionals from Goldman Sachs and BlackRock, the firm is building institutional-grade infrastructure for on-chain lending and real-world asset tokenisation.
Its proprietary product is a collateral risk framework designed to provide fiduciaries with auditable oversight and governance standards tailored to decentralised credit markets.
You’re reading the latest instalment of The Weekly Raise, our column covering fundraising deals across the crypto and DeFi spaces, powered by DefiLlama.
Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email him at lance@dlnews.com.
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BlackRock buys up Bitmine shares as Ethereum threatens to fall to $1,400 price
BlackRock is doubling down on Ethereum by buying up more Bitmine shares during the market dip, the firm disclosed on Thursday.
The asset manager’s Bitmine holdings surged by 166% to $246 million in the fourth-quarter of 2025, according to a 13F-HR form filed with the SEC, Fintel data shows.
Tom Lee, the chair of Bitmine who predicts $250,000 per Ethereum, commented on the move with clapping emojis in a post on X.
BlackRock’s big vote of confidence comes as Ethereum’s price has fallen by 60% from its August peak to trade at just under $2,000.
And the price could plunge another 25% to $1,400, Geoffrey Kendrick, head of digital assets research at the British bank Standard Chartered, said in an investor note shared with DL News.
Bitmine is the second-largest digital asset treasury company that mostly holds Ethereum. Its share price, which represents a levered bet on Ethereum, has also plunged nearly 70% over the past six months to $20 per share.
Crypto industry pioneers have dumped their Ethereum tokens en masse in February.
Vitalik Buterin, the blockchain’s co-founder, dumped at least $7 million worth last week in order to fund new initiatives. Stani Kulechov, founder of decentralised finance platform Aave, sold off over $8 million worth of world’s second largest cryptocurrency.
And Bitmine itself is underwater at least $6.6 billion on its Ether purchases.
Yet Wall Street’s best have been buying the dip. On Tuesday, Goldman Sachs disclosed it now owns just over $1 billion in Ethereum exchange-traded funds.
“The best investment opportunities in crypto have presented themselves after declines,” Lee said on Monday after Bitmine purchased another $80 million worth of Ethereum.
Still bullish
Poor market performance isn’t denting BlackRock’s conviction in the second-largest cryptocurrency.
In January, the firm said that Ethereum will lead the tokenisation of real-world assets.
It cited the fact that some 66% of all tokenised assets are on Ethereum, dwarfing Binance’s BNB Chain ecosystem which commands 10%. Far behind are Solana at 5%, Arbitrum at 4%, Stellar at 4%, and Avalanche at 3%.
In January, BlackRock CEO Larry Fink described tokenisation as necessary while speaking on a World Economic Forum panel in Davos, Switzerland.
Crypto market movers
Bitcoin is down 0.7% over the past 24 hours, trading at $66,582.
Ethereum is down 0.4% past 24 hours at $1,955.
What we’re reading
Aave Labs proposes paying DAO all revenue from Aave-branded products — DL News
The superstars attending Trumps’ World Liberty Forum on February 18 — DL News
UNI Spikes on BlackRock DeFi Move, Then Gives It All Back — Unchained
The Structural Bull Case for Crypto in a Changing Liquidity Regime w/ Jamie Coutts — Milk Road
Why Tether is forecast ‘flippening everything’ as Bitcoin and Ethereum prices tumble — DL News
Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email him at lance@dlnews.com.
The asset manager’s Bitmine holdings surged by 166% to $246 million in the fourth-quarter of 2025, according to a 13F-HR form filed with the SEC, Fintel data shows.
Tom Lee, the chair of Bitmine who predicts $250,000 per Ethereum, commented on the move with clapping emojis in a post on X.
BlackRock’s big vote of confidence comes as Ethereum’s price has fallen by 60% from its August peak to trade at just under $2,000.
And the price could plunge another 25% to $1,400, Geoffrey Kendrick, head of digital assets research at the British bank Standard Chartered, said in an investor note shared with DL News.
Bitmine is the second-largest digital asset treasury company that mostly holds Ethereum. Its share price, which represents a levered bet on Ethereum, has also plunged nearly 70% over the past six months to $20 per share.
Crypto industry pioneers have dumped their Ethereum tokens en masse in February.
Vitalik Buterin, the blockchain’s co-founder, dumped at least $7 million worth last week in order to fund new initiatives. Stani Kulechov, founder of decentralised finance platform Aave, sold off over $8 million worth of world’s second largest cryptocurrency.
And Bitmine itself is underwater at least $6.6 billion on its Ether purchases.
Yet Wall Street’s best have been buying the dip. On Tuesday, Goldman Sachs disclosed it now owns just over $1 billion in Ethereum exchange-traded funds.
“The best investment opportunities in crypto have presented themselves after declines,” Lee said on Monday after Bitmine purchased another $80 million worth of Ethereum.
Still bullish
Poor market performance isn’t denting BlackRock’s conviction in the second-largest cryptocurrency.
In January, the firm said that Ethereum will lead the tokenisation of real-world assets.
It cited the fact that some 66% of all tokenised assets are on Ethereum, dwarfing Binance’s BNB Chain ecosystem which commands 10%. Far behind are Solana at 5%, Arbitrum at 4%, Stellar at 4%, and Avalanche at 3%.
In January, BlackRock CEO Larry Fink described tokenisation as necessary while speaking on a World Economic Forum panel in Davos, Switzerland.
Crypto market movers
Bitcoin is down 0.7% over the past 24 hours, trading at $66,582.
Ethereum is down 0.4% past 24 hours at $1,955.
What we’re reading
Aave Labs proposes paying DAO all revenue from Aave-branded products — DL News
The superstars attending Trumps’ World Liberty Forum on February 18 — DL News
UNI Spikes on BlackRock DeFi Move, Then Gives It All Back — Unchained
The Structural Bull Case for Crypto in a Changing Liquidity Regime w/ Jamie Coutts — Milk Road
Why Tether is forecast ‘flippening everything’ as Bitcoin and Ethereum prices tumble — DL News
Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email him at lance@dlnews.com.
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The superstars attending Trumps’ World Liberty Forum on February 18
They come to mould the future.
Donald Trump Jr., US President Donald Trump’s oldest son and co-founder of World Liberty Financial, said that’s the aim of the superstar roster attending a splashy event hosted at the Mar-a-Lago.
Besides the forum’s hosts, World Liberty Financial, a “select group of 300 global leaders,” including banking chiefs, global football bosses, and crypto chieftains, will attend the event on February 18.
“This forum is about defining what the next century of American innovation, leadership, and economic influence will look like,” Donald Trump Jr. said in a statement.
The timing of the gathering at the president’s Florida resort is notable.
Not only is the 79-year-old losing his support among the electorate, but rumblings suggest he may also no longer have the full-hearted backing of the crypto industry either.
Though the president‘s pro-crypto policies initially triggered an unprecedented rally in digital assets in 2025, investors have seen $2 trilion wiped out since October.
At the same time, key market-structure legislation has stalled on Capitol Hill because politicians and industry players can’t agree on the details of the Clarity Act.
The Trumps are also under pressure politically.
House Democrats on the Judiciary Committee have accused the president of corruption, saying that his family’s crypto ventures suggest that Donald Trump “has leveraged his office to make himself a crypto billionaire.”
The White House has vehemently denied any wrongdoing.
It is against this backdrop that some of the most powerful people in corporate America and, indeed, the rest of the world will gather in Florida next week.
Here’s who’s set to speak at Mar-a-Lago.
Goldman Sachs
Goldman Sachs CEO David Solomon is confirmed as a speaker.
Known for his banking prowess and side-hustle as a DJ, Solomon’s presence underscores how conservative financial institutions are diving headfirst into crypto.
On Tuesday, Goldman disclosed over $2 billion in exposure to Bitcoin, Ethereum, XRP, and Solana through exchange-traded funds on its balance sheet.
Nasdaq, NYSE
Adena Friedman, CEO of Nasdaq, adds to the institutional presence.
Under her tenure, the exchange has expanded data services, index products, and connectivity across global markets.
Lynn Martin, president of the New York Stock Exchange, brings the exchange’s voice to the forum.
The NYSE remains one of the world’s most storied and liquid trading venues, anchoring global public markets and drawing deep ties from pension funds, sovereign wealth funds, and institutional capital.
FIFA
FIFA president Gianni Infantino will bring global sport into the crypto conversation.
Infantino made headlines in late 2025 by introducing the FIFA Peace Prize, which was awarded to Trump in December.
The award, however, seemingly landed Infantino in hot water.
By handing the 79-year-old the prize, Infantino broke FIFA’s rules on political neutrality, according to a letter sent by human rights campaign group FairSquare.
“The FIFA president does not have the authority to unilaterally dictate the organisation’s mission, strategic direction, policies and values,” FairSquare wrote.
Regulators
Michael Selig, chairman of the Commodity Futures Trading Commission, is also confirmed to speak.
During Trump’s presidency, the CFTC gained greater crypto oversight and began to shape derivatives, futures markets, and digital assets.
The Clarity Act is expected to grant the commission even more oversight authority, but it has been gridlocked by a delayed Senate vote.
Also speaking is Kelly Loeffler, the head of the Small Business Administration, the federal agency that supports entrepreneurs and small businesses.
Jacob Helberg, the White House’s under secretary for economic affairs, is also listed as a speaker. He is also a senior adviser to Alex Karp, the CEO of Palantir Technologies.
Senators
Political weight comes from Republican Senators Ashley Moody of Florida and Bernie Moreno of Ohio.
Moody is a strong Trump supporter who previously served as Florida’s attorney general, where she led anti-fraud initiatives.
Moreno is a former crypto entrepreneur himself and actively advocates for the industry.
Their participation highlights how state leadership is engaging with crypto trends, regulatory shifts and innovation policy.
Investors
Avenue Capital Group CEO Marc Lasry, the former Milwaukee Bucks co-owner who has said he views Bitcoin as a resilient store of value and famously regrets not accumulating more, is also scheduled to speak.
Starwood Capital Group CEO Barry Sternlicht, a real estate magnate who says he has allocated 3% of his net worth into crypto, is also set to present.
They are joined by Altimeter Capital founder Brad Gerstner, also a big crypto bull, who sees volatility as a healthy catalyst for market discovery.
Jenny Johnson, the CEO of Franklin Templeton and a long-time blockchain backer, is also expected to promote crypto at the event.
World Liberty Financial
The founding team behind World Liberty Financial is expected to present.
That includes presidential sons Eric Trump and Donald Trump Jr., as well as Zach and Alex Witkoff, the sons of Trump’s foreign policy adviser Steve Witkoff.
They are flanked by co-founders Chase Herro and Zak Folkman, who also serve as World Liberty Financial’s chief operating officer.
Lance Datskoluo is DL News’ Europe-based markets correspondent. Eric Johansson is DL News’ managing editor. Got a tip? Email them at lance@dlnews.com and eric@dlnews.com.
Donald Trump Jr., US President Donald Trump’s oldest son and co-founder of World Liberty Financial, said that’s the aim of the superstar roster attending a splashy event hosted at the Mar-a-Lago.
Besides the forum’s hosts, World Liberty Financial, a “select group of 300 global leaders,” including banking chiefs, global football bosses, and crypto chieftains, will attend the event on February 18.
“This forum is about defining what the next century of American innovation, leadership, and economic influence will look like,” Donald Trump Jr. said in a statement.
The timing of the gathering at the president’s Florida resort is notable.
Not only is the 79-year-old losing his support among the electorate, but rumblings suggest he may also no longer have the full-hearted backing of the crypto industry either.
Though the president‘s pro-crypto policies initially triggered an unprecedented rally in digital assets in 2025, investors have seen $2 trilion wiped out since October.
At the same time, key market-structure legislation has stalled on Capitol Hill because politicians and industry players can’t agree on the details of the Clarity Act.
The Trumps are also under pressure politically.
House Democrats on the Judiciary Committee have accused the president of corruption, saying that his family’s crypto ventures suggest that Donald Trump “has leveraged his office to make himself a crypto billionaire.”
The White House has vehemently denied any wrongdoing.
It is against this backdrop that some of the most powerful people in corporate America and, indeed, the rest of the world will gather in Florida next week.
Here’s who’s set to speak at Mar-a-Lago.
Goldman Sachs
Goldman Sachs CEO David Solomon is confirmed as a speaker.
Known for his banking prowess and side-hustle as a DJ, Solomon’s presence underscores how conservative financial institutions are diving headfirst into crypto.
On Tuesday, Goldman disclosed over $2 billion in exposure to Bitcoin, Ethereum, XRP, and Solana through exchange-traded funds on its balance sheet.
Nasdaq, NYSE
Adena Friedman, CEO of Nasdaq, adds to the institutional presence.
Under her tenure, the exchange has expanded data services, index products, and connectivity across global markets.
Lynn Martin, president of the New York Stock Exchange, brings the exchange’s voice to the forum.
The NYSE remains one of the world’s most storied and liquid trading venues, anchoring global public markets and drawing deep ties from pension funds, sovereign wealth funds, and institutional capital.
FIFA
FIFA president Gianni Infantino will bring global sport into the crypto conversation.
Infantino made headlines in late 2025 by introducing the FIFA Peace Prize, which was awarded to Trump in December.
The award, however, seemingly landed Infantino in hot water.
By handing the 79-year-old the prize, Infantino broke FIFA’s rules on political neutrality, according to a letter sent by human rights campaign group FairSquare.
“The FIFA president does not have the authority to unilaterally dictate the organisation’s mission, strategic direction, policies and values,” FairSquare wrote.
Regulators
Michael Selig, chairman of the Commodity Futures Trading Commission, is also confirmed to speak.
During Trump’s presidency, the CFTC gained greater crypto oversight and began to shape derivatives, futures markets, and digital assets.
The Clarity Act is expected to grant the commission even more oversight authority, but it has been gridlocked by a delayed Senate vote.
Also speaking is Kelly Loeffler, the head of the Small Business Administration, the federal agency that supports entrepreneurs and small businesses.
Jacob Helberg, the White House’s under secretary for economic affairs, is also listed as a speaker. He is also a senior adviser to Alex Karp, the CEO of Palantir Technologies.
Senators
Political weight comes from Republican Senators Ashley Moody of Florida and Bernie Moreno of Ohio.
Moody is a strong Trump supporter who previously served as Florida’s attorney general, where she led anti-fraud initiatives.
Moreno is a former crypto entrepreneur himself and actively advocates for the industry.
Their participation highlights how state leadership is engaging with crypto trends, regulatory shifts and innovation policy.
Investors
Avenue Capital Group CEO Marc Lasry, the former Milwaukee Bucks co-owner who has said he views Bitcoin as a resilient store of value and famously regrets not accumulating more, is also scheduled to speak.
Starwood Capital Group CEO Barry Sternlicht, a real estate magnate who says he has allocated 3% of his net worth into crypto, is also set to present.
They are joined by Altimeter Capital founder Brad Gerstner, also a big crypto bull, who sees volatility as a healthy catalyst for market discovery.
Jenny Johnson, the CEO of Franklin Templeton and a long-time blockchain backer, is also expected to promote crypto at the event.
World Liberty Financial
The founding team behind World Liberty Financial is expected to present.
That includes presidential sons Eric Trump and Donald Trump Jr., as well as Zach and Alex Witkoff, the sons of Trump’s foreign policy adviser Steve Witkoff.
They are flanked by co-founders Chase Herro and Zak Folkman, who also serve as World Liberty Financial’s chief operating officer.
Lance Datskoluo is DL News’ Europe-based markets correspondent. Eric Johansson is DL News’ managing editor. Got a tip? Email them at lance@dlnews.com and eric@dlnews.com.
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Coinbase shrugs off quarterly loss as crypto market tanks
Coinbase revenue and profit slid in the final quarter of last year, following a brutal Bitcoin selloff that is still hurting crypto markets.
The US’ biggest crypto exchange on Thursday posted a net income loss of $667 million for the final three months of the year, down from a $1.3 billion profit from the same period in 2024.
Transaction revenue in the last quarter of 2025 stood at $982.7 million, a 36% drop compared to the same quarter in 2024. Total revenue for the period dropped to $1.8 billion from $2.3 billion the year before.
Awesome growth in 2025. Excited for 2026.
The future of finance is on Coinbase. https://t.co/oMqzZn3EYC
— Brian Armstrong (@brian_armstrong) February 12, 2026
“We’re the most trusted brand in crypto,” Brian Armstrong said in an earnings call Thursday. “We’ll keep buying Bitcoin, we’ll continue to buy our stock back, and we won’t stop building now.”
Coinbase stock faced increased volatility ahead of its earnings after analysts slashed ratings for the exchange, and users reported Thursday that they were unable to make transactions on the platform.
Its Nasdaq-listed stock slid 8% ahead of earnings but then popped in after hours trading. Year-to-date, it has dropped more than 40%, and hasn’t been this low since February 2024.
Stablecoin business booms
But the subscription side of things boomed, most notably from stablecoins. Revenue from the tokens came in at $364 million, up 61% year-over-year. Coinbase allows users to earn yield on their stablecoins, a product launched in 2021.
The product is increasingly controversial, though: banks have warned that allowing users to earn yield on stablecoins like USDC could lead to deposit withdrawals — and called for Congress to ban the practice.
Armstrong in January pulled support for the draft legislation, citing bankers’ gripe with stablecoin rewards as one of the reasons for amending the bill. But crypto executives like Ripple’s legal lead, Stuart Alderoty, said this week that progress was being made with the bill in the latest talks.
Stock tied to Bitcoin price
Coinbase’s drop in revenue came as crypto markets took a hit in the last quarter of 2025. Bitcoin, Ethereum, and other major coins erased gains they had made off the back of US president Donald Trump’s victory following a huge selloff.
The two biggest digital assets are now well below their 2025 records and have been further hurt following a selloff last week.
Bitcoin is nearly 50% below its October record; Ethereum has dropped by more than 60%.
“Crypto is cyclical, and experience tells us it’s never as good, or as bad as it seems,” Coinbase said in a release.
‘The world onchain’
Coinbase last year announced it would debut stock market trading and prediction markets in its bid to become a “super app” and “everything exchange.”
Tokenised stocks are now available on the app, and soon, according to Coinbase executives, 10,000 tickers will be available on the platform.
The move, according to Armstrong, is “to bring the world onchain.”
“For customers, the ideal experience is to have access to every investment and trading product that they want in one trusted place, wherever their assets reside,” Armstrong said during the earnings call.
Mathew Di Salvo is a news correspondent with DL News. Got a tip? Email at mdisalvo@dlnews.com.
The US’ biggest crypto exchange on Thursday posted a net income loss of $667 million for the final three months of the year, down from a $1.3 billion profit from the same period in 2024.
Transaction revenue in the last quarter of 2025 stood at $982.7 million, a 36% drop compared to the same quarter in 2024. Total revenue for the period dropped to $1.8 billion from $2.3 billion the year before.
Awesome growth in 2025. Excited for 2026.
The future of finance is on Coinbase. https://t.co/oMqzZn3EYC
— Brian Armstrong (@brian_armstrong) February 12, 2026
“We’re the most trusted brand in crypto,” Brian Armstrong said in an earnings call Thursday. “We’ll keep buying Bitcoin, we’ll continue to buy our stock back, and we won’t stop building now.”
Coinbase stock faced increased volatility ahead of its earnings after analysts slashed ratings for the exchange, and users reported Thursday that they were unable to make transactions on the platform.
Its Nasdaq-listed stock slid 8% ahead of earnings but then popped in after hours trading. Year-to-date, it has dropped more than 40%, and hasn’t been this low since February 2024.
Stablecoin business booms
But the subscription side of things boomed, most notably from stablecoins. Revenue from the tokens came in at $364 million, up 61% year-over-year. Coinbase allows users to earn yield on their stablecoins, a product launched in 2021.
The product is increasingly controversial, though: banks have warned that allowing users to earn yield on stablecoins like USDC could lead to deposit withdrawals — and called for Congress to ban the practice.
Armstrong in January pulled support for the draft legislation, citing bankers’ gripe with stablecoin rewards as one of the reasons for amending the bill. But crypto executives like Ripple’s legal lead, Stuart Alderoty, said this week that progress was being made with the bill in the latest talks.
Stock tied to Bitcoin price
Coinbase’s drop in revenue came as crypto markets took a hit in the last quarter of 2025. Bitcoin, Ethereum, and other major coins erased gains they had made off the back of US president Donald Trump’s victory following a huge selloff.
The two biggest digital assets are now well below their 2025 records and have been further hurt following a selloff last week.
Bitcoin is nearly 50% below its October record; Ethereum has dropped by more than 60%.
“Crypto is cyclical, and experience tells us it’s never as good, or as bad as it seems,” Coinbase said in a release.
‘The world onchain’
Coinbase last year announced it would debut stock market trading and prediction markets in its bid to become a “super app” and “everything exchange.”
Tokenised stocks are now available on the app, and soon, according to Coinbase executives, 10,000 tickers will be available on the platform.
The move, according to Armstrong, is “to bring the world onchain.”
“For customers, the ideal experience is to have access to every investment and trading product that they want in one trusted place, wherever their assets reside,” Armstrong said during the earnings call.
Mathew Di Salvo is a news correspondent with DL News. Got a tip? Email at mdisalvo@dlnews.com.
Aave Labs propune plătirea DAO a tuturor veniturilor din produsele branduite Aave
Într-o mișcare așteptată mult timp, Aave Labs a propus joi direcționarea tuturor veniturilor sale din produsele branduite Aave către Aave DAO, cooperativa digitală care gestionează cel mai important protocol de împrumut omonim din DeFi.
Labs a propus, de asemenea, „ratificarea” unei versiuni viitoare a protocolului, Aave v4, ca „fundament tehnic de bază pentru dezvoltarea viitoare.”
Propunerea este destinată să soluționeze un conflict de lungă durată privind controlul protocolului, cel mai mare din finanțele descentralizate, cu peste 26 miliarde de dolari în depozite ale utilizatorilor.
Labs a propus, de asemenea, „ratificarea” unei versiuni viitoare a protocolului, Aave v4, ca „fundament tehnic de bază pentru dezvoltarea viitoare.”
Propunerea este destinată să soluționeze un conflict de lungă durată privind controlul protocolului, cel mai mare din finanțele descentralizate, cu peste 26 miliarde de dolari în depozite ale utilizatorilor.
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Russia eyes digital ruble to break dollar’s grip on BRICS trade
Russia wants to move yet further away from the US dollar, and plans to use its central bank digital currency, the digital ruble, to trade with its BRICS partners.
As Washington-Moscow relations remain frosty amid talk of possible further sanctions on Russia, BRICS central bankers are looking for more ways to trade outside the US-dominated global financial system.
“The digital ruble is first and foremost an international project,” said Timur Aitov, a member of the Russian Chamber of Commerce, chair of the Financial Market Security Committee, in an interview with Russian media outlet Plus World.
China, Russia’s closest trading partner, is also moving away from dollar-denominated trade at an increasingly rapid speed. Its central bank recently included cross-border digital yuan adoption in the Communist Party’s 15th five-year plan.
BRICS alignment plans
Aitov said there was a lack of domestic demand for a Russian CBDC. He said he agreed with CBDC-sceptical comments made last year by German Gref, the CEO of Sberbank, Russia’s biggest bank.
“I don’t understand why an individual needs the option to use a CBDC,” Gref said in July. “And neither do banks or businesses. I still don’t really understand why we need the [digital ruble].”
But Aitov said BRICS countries need CBDCs to trade with one another, which is why the Russian central bank is targeting a September 1 rollout for the digital ruble.
He noted that the Reserve Bank of India has recommended including a proposal to link BRICS nations’ CBDCs on the agenda of the upcoming BRICS summit in New Delhi.
The Indian central bank reportedly thinks its plan will help facilitate cross-border trade and tourism payments.
“This is the first time such a proposal for a unified system has been formally submitted for consideration within BRICS,” said Aitov. “If it’s approved, the digital currencies of Brazil, Russia, India, China, and South Africa will unite, using a shared infrastructure and unified regulatory standards.”
Aitov added that Russian commercial banks would prefer to use ruble-pegged stablecoins.
But BRICS central bankers say they largely oppose using stablecoin-powered solutions.
“Stablecoins raise significant concerns for monetary stability, fiscal policy, banking intermediation, and systemic resilience,” the Indian central bank’s Deputy Governor T Rabi Sankar said in December.
His comments closely echo remarks made by the Russian central bank governor Elvira Nabiullina in October.
When asked about her stance on stablecoin issuance in Russia, Nabiullina said she had no objection to such coins being used in cross-border trade, but ruled out stablecoins’ use in domestic scenarios.
Combating fraud
Aitov did, however, say that the digital ruble rollout would have some significant positive benefits for domestic users: namely, when it comes to battling corruption and fighting fraud.
“Officials could be monitored, because it will be clear who has stolen digital rubles and from where,” he said. “Citizens will also be happy — particularly those who have lost their digital rubles to fraudsters.”
Earlier this month, Anatoly Aksakov, head of the State Duma’s Committee on Financial Markets and the chief architect of Russia’s crypto legislation, predicted the eventual “demise” of Bitcoin.
“By all the fundamental laws of economics, [cryptocurrencies] are bound to collapse sooner or later,” he said
Tim Alper is a News Correspondent at DL News. Got a tip? Email him at tdalper@dlnews.com.
As Washington-Moscow relations remain frosty amid talk of possible further sanctions on Russia, BRICS central bankers are looking for more ways to trade outside the US-dominated global financial system.
“The digital ruble is first and foremost an international project,” said Timur Aitov, a member of the Russian Chamber of Commerce, chair of the Financial Market Security Committee, in an interview with Russian media outlet Plus World.
China, Russia’s closest trading partner, is also moving away from dollar-denominated trade at an increasingly rapid speed. Its central bank recently included cross-border digital yuan adoption in the Communist Party’s 15th five-year plan.
BRICS alignment plans
Aitov said there was a lack of domestic demand for a Russian CBDC. He said he agreed with CBDC-sceptical comments made last year by German Gref, the CEO of Sberbank, Russia’s biggest bank.
“I don’t understand why an individual needs the option to use a CBDC,” Gref said in July. “And neither do banks or businesses. I still don’t really understand why we need the [digital ruble].”
But Aitov said BRICS countries need CBDCs to trade with one another, which is why the Russian central bank is targeting a September 1 rollout for the digital ruble.
He noted that the Reserve Bank of India has recommended including a proposal to link BRICS nations’ CBDCs on the agenda of the upcoming BRICS summit in New Delhi.
The Indian central bank reportedly thinks its plan will help facilitate cross-border trade and tourism payments.
“This is the first time such a proposal for a unified system has been formally submitted for consideration within BRICS,” said Aitov. “If it’s approved, the digital currencies of Brazil, Russia, India, China, and South Africa will unite, using a shared infrastructure and unified regulatory standards.”
Aitov added that Russian commercial banks would prefer to use ruble-pegged stablecoins.
But BRICS central bankers say they largely oppose using stablecoin-powered solutions.
“Stablecoins raise significant concerns for monetary stability, fiscal policy, banking intermediation, and systemic resilience,” the Indian central bank’s Deputy Governor T Rabi Sankar said in December.
His comments closely echo remarks made by the Russian central bank governor Elvira Nabiullina in October.
When asked about her stance on stablecoin issuance in Russia, Nabiullina said she had no objection to such coins being used in cross-border trade, but ruled out stablecoins’ use in domestic scenarios.
Combating fraud
Aitov did, however, say that the digital ruble rollout would have some significant positive benefits for domestic users: namely, when it comes to battling corruption and fighting fraud.
“Officials could be monitored, because it will be clear who has stolen digital rubles and from where,” he said. “Citizens will also be happy — particularly those who have lost their digital rubles to fraudsters.”
Earlier this month, Anatoly Aksakov, head of the State Duma’s Committee on Financial Markets and the chief architect of Russia’s crypto legislation, predicted the eventual “demise” of Bitcoin.
“By all the fundamental laws of economics, [cryptocurrencies] are bound to collapse sooner or later,” he said
Tim Alper is a News Correspondent at DL News. Got a tip? Email him at tdalper@dlnews.com.
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Bitcoin to $50,000? Standard Chartered predicts ‘more pain’ for price
Bitcoin investors better brace for “more pain” as the price of the top cryptocurrency is set to plunge to $50,000 or even lower over the next few months, according to Standard Chartered.
The British bank’s global head of digital assets research, Geoffrey Kendrick, offered that forecast in a Thursday note to investors shared with DL News.
“We are going to see more pain and a final capitulation period for digital asset prices in the next few months,” Kendrick wrote.
Not only did he forecast that Bitcoin would plunge 26% to $50,000, but said Ethereum is set to shed almost 30% of its current value and drop to $1,400 over the next few months.
Standard Chartered also lowered its expectations for where the top cryptocurrencies will end the year, saying Bitcoin will finish the year at $100,000 and Ethereum at $4,000. Kendrick previously said they’d finish 2026 at $150,000 and $7,500, respectively.
Bitcoin and Ethereum hit all-time highs of $126,080 and $4,946, respectively, in 2025.
Market bloodbath
Kendrick’s pessimistic outlook echoes the sentiment of other industry watchers across the cryptosphere who’ve observed the market bloodbath that have bled $2 trillion, or about half, of the total cryptocurrency market’s value since October.
Still, Kendrick said things will get worse due to investors in Bitcoin and Ethereum exchange-traded funds not buying the dip, but opting to sell instead.
He added that the “macro risk backdrop is also becoming more challenging”, and that traders have already priced in two interest rate cuts until June, when the new Federal Reserve chief takes over.
Crypto markets have typically performed well in a low-interest rate environment. US President Donald Trump in January chose Kevin Warsh to chair the Federal Reserve in place of Jerome Powell.
Warsh has argued for lower interest rates last year but economists are split over how he will behave when he becomes the central bank’s chief.
His confirmation hearing is yet to be scheduled.
The good news
To be sure, Kendrick argued that crypto as an asset class was becoming “more resilient”, and selloffs would be less painful than previous cycles.
The collapse of decentralised finance protocol Terra and subsequent crash of crypto exchange FTX in 2022 caused Bitcoin to drop from its 2021 record of $69,000 to under $16,000 — a nearly 80% drop.
Even if Bitcoin’s price falls to $50,000, it would only have lost 60% of its value since reaching its record high in October.
Every cloud has a silver lining, right?
Mathew Di Salvo is a news correspondent with DL News. Got a tip? Email at mdisalvo@dlnews.com.
The British bank’s global head of digital assets research, Geoffrey Kendrick, offered that forecast in a Thursday note to investors shared with DL News.
“We are going to see more pain and a final capitulation period for digital asset prices in the next few months,” Kendrick wrote.
Not only did he forecast that Bitcoin would plunge 26% to $50,000, but said Ethereum is set to shed almost 30% of its current value and drop to $1,400 over the next few months.
Standard Chartered also lowered its expectations for where the top cryptocurrencies will end the year, saying Bitcoin will finish the year at $100,000 and Ethereum at $4,000. Kendrick previously said they’d finish 2026 at $150,000 and $7,500, respectively.
Bitcoin and Ethereum hit all-time highs of $126,080 and $4,946, respectively, in 2025.
Market bloodbath
Kendrick’s pessimistic outlook echoes the sentiment of other industry watchers across the cryptosphere who’ve observed the market bloodbath that have bled $2 trillion, or about half, of the total cryptocurrency market’s value since October.
Still, Kendrick said things will get worse due to investors in Bitcoin and Ethereum exchange-traded funds not buying the dip, but opting to sell instead.
He added that the “macro risk backdrop is also becoming more challenging”, and that traders have already priced in two interest rate cuts until June, when the new Federal Reserve chief takes over.
Crypto markets have typically performed well in a low-interest rate environment. US President Donald Trump in January chose Kevin Warsh to chair the Federal Reserve in place of Jerome Powell.
Warsh has argued for lower interest rates last year but economists are split over how he will behave when he becomes the central bank’s chief.
His confirmation hearing is yet to be scheduled.
The good news
To be sure, Kendrick argued that crypto as an asset class was becoming “more resilient”, and selloffs would be less painful than previous cycles.
The collapse of decentralised finance protocol Terra and subsequent crash of crypto exchange FTX in 2022 caused Bitcoin to drop from its 2021 record of $69,000 to under $16,000 — a nearly 80% drop.
Even if Bitcoin’s price falls to $50,000, it would only have lost 60% of its value since reaching its record high in October.
Every cloud has a silver lining, right?
Mathew Di Salvo is a news correspondent with DL News. Got a tip? Email at mdisalvo@dlnews.com.
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Why stablecoin giant Tether is ‘sweating the least’ amid crypto market rout
As crypto prices crashed last week, with Bitcoin racing to a 16-month low, one Tether executive said the company was well-positioned to weather the storm.
“Even in a torturous market like today, we’re probably the crypto company that’s sweating the least,” Bo Hines, CEO of Tether subsidiary USAT, said at the Digital Assets at Duke conference on February 5.
The reason? Hard assets.
“We’re quite diversified in terms of our investments,” Hines said. “Tether loves Bitcoin, we love gold, we also love land. Hard assets that people care about and value, that have intrinsic value.”
USDT is the world’s largest stablecoin, with a market capitalisation of $184 billion on Wednesday, according to DefiLlama data. USAT, the stablecoin firm’s US-domiciled outfit that launched last month, had a circulating supply of just $20 million.
Gold bug
Tether has expanded far beyond the straightforward business model that earned it the distinction of being the most profitable company in the world on a per-employee basis.
It has diversified the assets that back its flagship, market-leading stablecoin, USDT.
Between September 2024 and November 2025, the share of “high risk” assets such as gold and Bitcoin backing USDT rose from 17% to 24%, while the share of US treasury bills fell from 81% to 75%, according to S&P Global.
Tether has become one of the world’s largest holders of gold, rivalling countries and multinational banks, according to a recent report from Bloomberg.
Last year, it became the third-largest shareholder in Adecoagro, Argentina’s largest producer of milk and rice, according to The Block.
Wellness apps and football clubs
But the company hasn’t just expanded the assets backing USDT. It has also grown into entirely new lines of business.
It mines Bitcoin and has released software for developers of crypto wallets. It has an asset tokenisation business, Hadron, and a decentralised messaging app, Keet.
Last year, Tether debuted a wellness app and announced that it had invested in humanoid robotics firm Generative Bionics. It even submitted an offer to buy Italian football club Juventus, only to get its all-cash proposal rejected by the owner.
Citing its myriad ventures, Hines called Tether “the most prolific tech company in the world right now.”
But the changes haven’t been without controversy. In November, S&P Global downgraded Tether in its annual stability assessment, saying its reliance on high-risk reserves has left it vulnerable to a market downturn.
Aleks Gilbert is DL News’ New York-based DeFi correspondent. You can reach him at aleks@dlnews.com.
“Even in a torturous market like today, we’re probably the crypto company that’s sweating the least,” Bo Hines, CEO of Tether subsidiary USAT, said at the Digital Assets at Duke conference on February 5.
The reason? Hard assets.
“We’re quite diversified in terms of our investments,” Hines said. “Tether loves Bitcoin, we love gold, we also love land. Hard assets that people care about and value, that have intrinsic value.”
USDT is the world’s largest stablecoin, with a market capitalisation of $184 billion on Wednesday, according to DefiLlama data. USAT, the stablecoin firm’s US-domiciled outfit that launched last month, had a circulating supply of just $20 million.
Gold bug
Tether has expanded far beyond the straightforward business model that earned it the distinction of being the most profitable company in the world on a per-employee basis.
It has diversified the assets that back its flagship, market-leading stablecoin, USDT.
Between September 2024 and November 2025, the share of “high risk” assets such as gold and Bitcoin backing USDT rose from 17% to 24%, while the share of US treasury bills fell from 81% to 75%, according to S&P Global.
Tether has become one of the world’s largest holders of gold, rivalling countries and multinational banks, according to a recent report from Bloomberg.
Last year, it became the third-largest shareholder in Adecoagro, Argentina’s largest producer of milk and rice, according to The Block.
Wellness apps and football clubs
But the company hasn’t just expanded the assets backing USDT. It has also grown into entirely new lines of business.
It mines Bitcoin and has released software for developers of crypto wallets. It has an asset tokenisation business, Hadron, and a decentralised messaging app, Keet.
Last year, Tether debuted a wellness app and announced that it had invested in humanoid robotics firm Generative Bionics. It even submitted an offer to buy Italian football club Juventus, only to get its all-cash proposal rejected by the owner.
Citing its myriad ventures, Hines called Tether “the most prolific tech company in the world right now.”
But the changes haven’t been without controversy. In November, S&P Global downgraded Tether in its annual stability assessment, saying its reliance on high-risk reserves has left it vulnerable to a market downturn.
Aleks Gilbert is DL News’ New York-based DeFi correspondent. You can reach him at aleks@dlnews.com.
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Why Tether is forecast ‘flippening everything’ as Bitcoin and Ethereum prices tumble
Tether’s stablecoin will soon topple both Bitcoin and Ethereum as the most valuable cryptocurrency, according to an analyst.
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, said on Wednesday that it’s only a matter of time before USDT, the world’s biggest stablecoin, will overtake the two leading digital assets.
“The most enduring trend in cryptos is Tether flippening everything,” McGlone said on Wednesday.
“There are only two left: Bitcoin and Ether.”
His comments highlight how, despite digital assets being rocked during the latest market rout, the stablecoin sector continues to grow at a staggering rate.
Stablecoins, or cryptocurrencies pegged to currencies such as the dollar or pound, are worth more than $307 billion — a rise of nearly 50% since January 2025, according to data from DefiLlama.
Bitcoin to $10,000?
Bitcoin and Ethereum enjoy market caps of $1.3 trillion and $239 billion, respectively.
Even with the latest drawdown, which saw more than $1.1 trillion vanquished from the crypto market in February, McGlone’s prognosis suggests USDT would need to grow by a factor of seven to outpace Bitcoin.
But his prediction also hinges on both Bitcoin and Ethereum dropping in value.
“Tether is on track to surpass the market cap of the current number two crypto at about $1,500,” McGlone said, referring to industry argot for when a cryptocurrency’s value overtakes another.
“Tether will eventually ‘flippen’ Bitcoin in my view, currently that would be around $10,000.”
While those prices are below where the top cryptocurrencies trade today, experts expect them to fall further.
In a note to investors on Thursday, UK bank Standard Chartered forecast that Ethereum and Bitcoin will trade around the $1,400 and $50,000 levels over the next few months.
The stablecoin engine
Just as leading cryptocurrencies drop, stablecoins, continue to rise.
Circle’s USDC, the market’s second-largest stablecoin, has risen more than 30% since this time last year.
The reasons are myriad.
“Stablecoin interest is decoupling from crypto trading,” Zach Abrams, the co-founder and CEO of Bridge, said on Tuesday. “Interest and conviction are accelerating.”
Payments giant Stripe acquired Bridge for $1.1 billion in 2024 — the largest acquisition by a major fintech.
As crypto versions of currencies, stablecoins first emerged as a way for crypto traders to exit volatile digital assets without having to cash out completely into fiat.
These days, however, such digital assets are increasingly used in sectors unrelated to speculation.
Deel, which offers compliance and payroll services to remote-first companies across more than 150 countries, announced in August that businesses could fund their payroll using USDC.
In an October interview, Tether CEO Paolo Ardoino said that as much as 60% of USDT’s use is for commodity trading, remittances, cross-border payments, and invoice settlement.
Liam Kelly is DL News’ Berlin-based DeFi correspondent. Have a tip? Get in touch at liam@dlnews.com.
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, said on Wednesday that it’s only a matter of time before USDT, the world’s biggest stablecoin, will overtake the two leading digital assets.
“The most enduring trend in cryptos is Tether flippening everything,” McGlone said on Wednesday.
“There are only two left: Bitcoin and Ether.”
His comments highlight how, despite digital assets being rocked during the latest market rout, the stablecoin sector continues to grow at a staggering rate.
Stablecoins, or cryptocurrencies pegged to currencies such as the dollar or pound, are worth more than $307 billion — a rise of nearly 50% since January 2025, according to data from DefiLlama.
Bitcoin to $10,000?
Bitcoin and Ethereum enjoy market caps of $1.3 trillion and $239 billion, respectively.
Even with the latest drawdown, which saw more than $1.1 trillion vanquished from the crypto market in February, McGlone’s prognosis suggests USDT would need to grow by a factor of seven to outpace Bitcoin.
But his prediction also hinges on both Bitcoin and Ethereum dropping in value.
“Tether is on track to surpass the market cap of the current number two crypto at about $1,500,” McGlone said, referring to industry argot for when a cryptocurrency’s value overtakes another.
“Tether will eventually ‘flippen’ Bitcoin in my view, currently that would be around $10,000.”
While those prices are below where the top cryptocurrencies trade today, experts expect them to fall further.
In a note to investors on Thursday, UK bank Standard Chartered forecast that Ethereum and Bitcoin will trade around the $1,400 and $50,000 levels over the next few months.
The stablecoin engine
Just as leading cryptocurrencies drop, stablecoins, continue to rise.
Circle’s USDC, the market’s second-largest stablecoin, has risen more than 30% since this time last year.
The reasons are myriad.
“Stablecoin interest is decoupling from crypto trading,” Zach Abrams, the co-founder and CEO of Bridge, said on Tuesday. “Interest and conviction are accelerating.”
Payments giant Stripe acquired Bridge for $1.1 billion in 2024 — the largest acquisition by a major fintech.
As crypto versions of currencies, stablecoins first emerged as a way for crypto traders to exit volatile digital assets without having to cash out completely into fiat.
These days, however, such digital assets are increasingly used in sectors unrelated to speculation.
Deel, which offers compliance and payroll services to remote-first companies across more than 150 countries, announced in August that businesses could fund their payroll using USDC.
In an October interview, Tether CEO Paolo Ardoino said that as much as 60% of USDT’s use is for commodity trading, remittances, cross-border payments, and invoice settlement.
Liam Kelly is DL News’ Berlin-based DeFi correspondent. Have a tip? Get in touch at liam@dlnews.com.
Escrocul cripto fals a păcălit instanța cu înregistrări de tranzacții generate de IA
Inteligența artificială scoate la iveală slăbiciunile sistemului judiciar sud-coreean după ce un presupus escroc cripto a folosit-o pentru a evita procesele penale, afirmă criticii.
Acești critici cer instanțelor să își reformeze procedurile pentru a împiedica actorii răi să scape de crimele lor.
Dezvoltarea vine ca o nouă lovitură pentru justiția sud-coreeană, care a fost recent criticată de critici care se plâng de „îngăduința” nejustificată în condamnarea escrocilor cripto.
De asemenea, vine în condițiile în care experții avertizează că IA permite infractorilor cibernetici să fure și mai mult cripto.
Acești critici cer instanțelor să își reformeze procedurile pentru a împiedica actorii răi să scape de crimele lor.
Dezvoltarea vine ca o nouă lovitură pentru justiția sud-coreeană, care a fost recent criticată de critici care se plâng de „îngăduința” nejustificată în condamnarea escrocilor cripto.
De asemenea, vine în condițiile în care experții avertizează că IA permite infractorilor cibernetici să fure și mai mult cripto.
Conectați-vă pentru a explora mai mult conținut