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Why Bitcoin Treasuries are trading at a discount (7:02)

Harvard has a new crypto preference and it's not Bitcoin (BTC).

New filings show the Ivy League endowment manager is no longer treating Bitcoin as the only preferable cryptocurrency, even after building one of the more closely watched exchange-traded fund (ETF) positions in U.S. academia.

Related: Analyst predicts next big crash for Bitcoin as markets rally

Institutional investors deepen crypto exposure

Big money has been leaning further into crypto ever since ETFs lowered the barrier for traditional players to enter the space. Custody and compliance have also evolved in the last couple of years. 

According to recent fund flow data by Farside Investors, U.S. spot Bitcoin ETFs saw sharp outflows at the end of January, including a single-day net withdrawal of $817.8 million on Jan. 29 and another $509.7 million on Jan. 30.

Bitcoin ETF Flow tracker by Farside Investors

Between Feb. 11 and Feb. 12 alone, total net outflows reached $686.5 million before stabilizing. Since launch, however, the products have still accumulated a cumulative net inflow of $54.31 billion.

Even with that volatility, large asset managers have continued building exposure through regulated crypto investment products.

Goldman Sachs has disclosed holdings across multiple crypto-linked ETFs, including Bitcoin and Ethereum (ETH) funds, and has also participated in products tied to XRP and Solana exposure. 

Meanwhile, on Jan. 6, Morgan Stanley applied with the U.S. Securities and Exchange Commission (SEC) to launch the Morgan Stanley Bitcoin Trust and Morgan Stanley Solana Trust.

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Harvard’s evolving crypto portfolio

Harvard Management Company first disclosed a roughly $116 million stake in BlackRock’s iShares Bitcoin Trust (IBIT) in 2025, gaining exposure to Bitcoin through a regulated spot ETF rather than direct custody. 

In the following quarter, Harvard tripled the exposure to about $443 million, making the Bitcoin ETF its largest publicly disclosed U.S. equity holding at the time. 

Related: Harvard University reveals shocking Bitcoin investment

Harvard trims Bitcoin exposure amid market sell-off

In its Form 13F filing for the quarter ended Dec. 31, 2025, Harvard Management Company reported holding 5,351,234 shares of BlackRock’s iShares Bitcoin Trust, down 21% from 6,809,091 shares as of Sept. 30, 2025.

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During the same fourth quarter of fiscal 2025, Harvard initiated a new position in BlackRock’s iShares Ethereum Trust, purchasing 3,873,562 shares valued at $86.8 million as of Dec. 31, 2025. The filing marked the endowment’s first publicly disclosed exposure to an Ethereum-based ETF. 

The cryptocurrency markets in 2026 are in a bearish cycle.

Bitcoin and other major cryptocurrencies have endured a prolonged drawdown after peaking in late 2025. After hitting multi-year highs, Bitcoin has fallen sharply into the mid $60,000s this year, leaving prices roughly 22% below the start of 2026 and marking one of the weakest opening quarters since 2018.

At the time of writing, Bitcoin was trading at $68,473.77, down 1.6% over the past 24 hours. Ethereum was changing hands at $1,968.96, after slipping 2.0% on the day, as per data from CoinGecko.

Related: Another crypto company halts withdrawals as markets slide

The lack of privacy for onchain transactions is one of the biggest hurdles to the mass adoption of cryptocurrencies for payments and a medium of exchange, according to Changpeng Zhao, co-founder of the Binance cryptocurrency exchange.

The executive commonly known as “CZ” said the lack of privacy prevents businesses and institutions from paying expenses in crypto. He gave this example: 

“Lack of Privacy may be the missing link for crypto payments adoption. Imagine a company pays employees in crypto onchain. With the current state of crypto, you can pretty much see how much everyone in the company is paid by clicking the ‘from’ address.”

Source: CZ

In a previous conversation with investor and host of the All-In Podcast Chamath Palihapitiya, CZ also cited physical security concerns as a reason why onchain transparency is a risk to users. The comments follow a revival of privacy and the cypherpunk ethos in crypto.

Cypherpunk ideology is central to the birth of cryptocurrencies, peer-to-peer digital money that can be transferred without centralized intermediaries, and the encryption of online communication to shield messages from surveillance.

CZ discusses the state of the crypto industry with Chamath Palihapitiya. Source: All-In Podcast

Related: ‘No privacy’ CBDCs will come, warns billionaire Ray Dalio

Encrypt everything: the rise of onchain privacy

Businesses and institutions will not embrace crypto, Web3 platforms, or blockchain if they cannot shield their transactions, Avidan Abitbol, the former Business Development Specialist for the Kaspa cryptocurrency project, told Cointelegraph.

Transaction data contains critical information about corporate workflows, trade secrets, business relationships and can provide clues about a company’s overall financial health to competitors, he said.

These issues can lead to corporate theft, negatively impact corporations during business negotiations and increase the threat of an institution being targeted by scammers, Abitbol added.

The continued technological development of AI systems will exacerbate this issue, according to Eran Barak, the former CEO of privacy company Shielded Technologies.

Centralized servers containing critical or valuable information will become increasingly attractive for AI-assisted hackers, he told Cointelegraph.

This means that onchain privacy technologies will become necessary to protect valuable online information as AI becomes more powerful and can assemble heuristic clues about a potential target and statistically model probable outcomes, he said.

Magazine: 2026 is the year of pragmatic privacy in crypto: Canton, Zcash and more

BlockBeats News, February 16th - After a brutal sell-off in the cryptocurrency market in February, a Standard Chartered Bank analyst revised its outlook, significantly lowering the bank's year-end price target for XRP by 65%. The bank previously predicted that XRP would rise to $8 by the end of 2026. However, in a report to investors on Thursday, this forecast was revised down to $2.8.Standard Chartered Bank not only lowered its prediction for XRP.The bank also lowered Bitcoin's year-end price target from $150,000 to $100,000, Ethereum from $7,000 to $4,000, and Solana from $250 to $135.

Bitcoin may be headed for its worst first quarter in eight years, with data showing Bitcoin is already down 22.3% since the start of the year.

The asset began the year trading around $87,700 and has declined by around $20,000 to current lows of around $68,000, putting it on track for its worst first quarter since the 2018 bear market — which fell almost 50%, according to CoinGlass. 

Bitcoin (BTC) has declined in seven of the past thirteen Q1s, with the most recent being 2025 when it lost 11.8%, 2020 when it shed 10.8%, and the largest ever, 2018, when it dumped 49.7% in just three months. 

“The first quarter of the year is known for its volatile nature,” observed analyst Daan Trades Crypto on Sunday.

“So it’s safe to say, whatever happens in Q1 does not generally translate over further down the line, according to the historical price action,” he added.

Bitcoin on track for its worst Q1 since 2018. Source: CoinGlass

First-ever red Jan and Feb?

BTC has only ever seen two consecutive first quarters of losses in the bear market years of 2018 and 2022.

Comparatively, Ether (ETH) has only seen red in three of the past nine first quarters, with the current period shaping up to be its third-worst historically, with 34.3% losses so far.  

Related: Bitcoin loses $2.3B in biggest crash since 2021 as capitulation intensifies: Analyst

Meanwhile, Bitcoin is also on track to see its first-ever consecutive January and February in the red. The asset lost 10.2% in January and is down 13.4% so far this month. It needs to reclaim $80,000 to prevent a red February. 

Bitcoin is in a correctional phase

Nick Ruck, the director of LVRG Research, told Cointelegraph that the ongoing decline in BTC price amid persistent global economic uncertainty “reflects a regular correctional phase rather than a structural breakdown in the asset’s long-term trajectory.” 

“While short-term pressures could intensify if macroeconomic headwinds persist, historical patterns show Bitcoin’s resilience often leads to strong recoveries in later months, particularly as institutional adoption and halving cycle dynamics continue to strengthen its potential,” he added. 

Meanwhile, BTC has entered its fifth consecutive week of losses, falling back 2.3% over the past 24 hours to trade at $68,670 at the time of writing, according to CoinGecko. 

Magazine: Coinbase misses Q4 earnings, Ethereum eyes ‘V-shaped recovery’: Hodler’s Digest

Inside Michael Saylor's Bitcoin Strategy (4:18)

There seems to be no stop for MicroStrategy's Bitcoin (BTC) shopping.

Every week, there is at least one purchase. In fact, at press time, MicroStrategy, now better known as Strategy (NASDAQ: MSTR), has 714,644 Bitcoin in its coffers.

That is 3.4% of the total 21 million Bitcoin supply.

But with great Bitcoin exposure comes great risks. 

Related: Analyst slashes MicroStrategy price target ahead of Q4 earnings

During its fourth quarter earnings call, the company addressed the ongoing cryptocurrency market downtrends. At that time, Bitcoin prices had crashed to new lows. Crypto-heavy companies like Strategy could see the valuation of their assets drop below their purchase rates.

CEO Phong Le assured that while the current market situation was not a threat to the company, the real risk was a potential scenario in which Bitcoin falls to $8,000. 

Just 11 days after that comment was made, Strategy assures there is no risk at all.

MicroStrategy's balance sheet problem

Last year was all about Strategy's balance sheet.

In 2026, MSCI proposed to exclude companies with more than 50% of their balance sheet filled with digital assets from its indices. One of the first companies that faced the risk of exclusion was Strategy.

In January 2026, Strategy finally breathed a sigh of relief after MSCI decided to temporarily skip deciding on the matter.

However, concerns about Strategy's ability to handle extreme market crashes have not died down.

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MicroStrategy boasts self-sufficiency

In a post on X on Feb 15, Strategy defended its balance sheet.

"Strategy can withstand a drawdown in $BTC price to $8K and still have sufficient assets to fully cover our debt."

The post also showed a graphical representation of their Bitcoin reserves. At current levels, with Bitcoin priced around $69,000, Strategy’s Bitcoin reserves are valued at approximately $49.3 billion, while its net debt stands at about $6.0 billion. 

This means the company’s Bitcoin holdings are worth more than eight times its net debt. 

There was also a graph for an extreme downside scenario when Bitcoin’s price drops by 88% from $69,000 to $8,000. In that situation, the value of Strategy’s Bitcoin reserves would fall to roughly $6.0 billion.This would effectively match its $6.0 billion in net debt. 

Strategy boasts Bitcoin reserves for current and extreme cases (Source: Strategy)

This would result in a 1.0x coverage ratio, meaning that even after such a dramatic crash, the company’s Bitcoin holdings would theoretically still be enough to repay all outstanding debt.

Beyond the raw numbers, Strategy also emphasized the structure of its debt. Its convertible notes have staggered maturities and put dates between 2027 and 2032, which reduces short-term refinancing pressure. This means the company does not face immediate repayment demands or forced liquidation risk in the near term.

Moreover, Strategy states it plans to gradually convert existing convertible debt into equity rather than issue additional senior debt.

Related: Michael Saylor 'reveals' 21 truths of Bitcoin

Crypto asset manager Grayscale filed for regulatory approval to convert its trust tracking the token of the decentralized lending protocol Aave into an exchange-traded fund (ETF).

The company filed a Form S-1 registration statement with the Securities and Exchange Commission on Friday, saying it intends to convert the trust and rename it the Grayscale Aave Trust ETF.

Grayscale added that it is looking to launch the fund on NYSE Arca, one of the most popular exchanges for trading ETFs, under the ticker “GAVE.” It will have a fee of 2.5%, and Coinbase will serve as both its custodian and prime broker.

Source: Henry Jim

Grayscale’s filing is one of multiple ETFs that seek to be tied to altcoins, suggesting that Wall Street still has an appetite for crypto exposure even amid a market downturn.

Aave is the largest decentralized finance protocol, with over $27 billion in total value locked, according to DefiLlama. The platform allows users to lend and borrow crypto across multiple blockchains, and the AAVE token can be staked to earn yield.

Grayscale joins Bitwise in Aave ETF race

With its filing, Grayscale is the second to seek US regulatory approval for an ETF tied to Aave (AAVE), currently joining only Bitwise in looking to launch a similar fund.

Bitwise filed with the SEC in December to launch the Bitwise AAVE Strategy ETF, among a slew of filings that sought to create ETFs tied to popular altcoins, including Uniswap (UNI) and Zcash (ZEC).

Bitwise’s ETF plans to hold up to 60% of its assets directly in AAVE tokens and at least 40% in securities, like other ETFs, that are exposed to AAVE, while Grayscale’s would directly hold AAVE tokens.

The two ETFs are set to be the first in the US to offer exposure to Aave on its own, joining a short list of overseas products that have launched to track the token.

In Europe, 21Shares launched an Aave exchange-traded product on the Nasdaq Stockholm in November, coming years after Global X launched a similar Aave product in early 2023 in Germany.

The AAVE token has traded down 1.6% over the past day to $126 and is more than 80% down from its all-time high of nearly $662, which it reached in May 2021 amid a bull market for altcoins at the time, according to CoinGecko.

Magazine: Getting scammed for 100 Bitcoin led Sunny Lu to create VeChain

ME News 消息，2 月 16 日（UTC+8），多链借贷协议 ZeroLend 官方发布公告称： 在构建和运营协议三年之后，团队做出了艰难的决定：逐步停止运营。尽管团队持续努力，但协议目前的形态已经不再可持续。 过去一段时间里，ZeroLend 早期支持的若干链已经变得不活跃或流动性大幅下降。在某些情况下，预言机提供商也停止了支持，这使得可靠地运营市场或产生可持续收入变得越来越困难。与此同时，随着协议规模扩大，它吸引了更多恶意行为者的关注，包括黑客和诈骗者。结合借贷协议本身利润微薄、高风险的特性，这导致协议长期处于亏损状态。 团队当前的首要任务是确保用户能够安全地撤出自己的资产。强烈建议所有用户尽快从平台撤出任何剩余资金。（来源：ME）

Russian security forces have arrested a man they accuse of having used crypto to raise funds for armed terrorist groups.

The suspect, from Kaspiysk in Dagestan, allegedly collected about $6,500 worth of unnamed crypto over a year while living in Turkey, according to Russia’s Federal Security Service, the FSB. State news agency TASS first reported the arrest.

The FSB said it’s charged the man with providing assistance to terrorist organisations and that the investigation remains ongoing.

“While he was living in Turkey between October 2022 and October 2023, the suspect created a group on a social media platform,” the FSB said. “He posted his crypto wallet details in this group and asked followers to send donations.”

The agency did not specify which terror campaign the man is accused of financing.

Crypto adoption is on the rise in Russia, where officials say citizens spend almost $650 million per day on unregistered crypto trading platforms.

Moscow says it uses a proprietary crypto monitoring platform called Transparent Blockchain, developed by its anti-money laundering agency, to hunt crypto-powered crime and terrorism.

Agency’s probe

FSB officials said the man sent the crypto he raised to members of illegal armed groups. These members allegedly used $6,500 in crypto to buy weapons, ammunition, and other equipment.

The officials did not reveal the identity or the political alignment of the terrorist groups.

The FSB says it has remanded the man, whose name was withheld for legal reasons, in custody.

The agency has stepped up its scrutiny of crypto fundraising since 2023, when Transparent Blockchain was launched. The FSB has made multiple arrests on treason charges against individuals who donate crypto to the Ukrainian armed forces or pro-Kyiv Russian militants fighting in what the Kremlin calls the “special military operation in Ukraine.”

The FSB said last year that it arrested a total of around 300 people in the North Caucasus region, of which Dagestan is a part, on terrorism-related charges.

Some of the arrestees were charged with attempts to join foreign terrorist groups and “Ukrainian nationalist units.”

Last month, the Financial Action Task Force, or FATF, reported a rise in influencers who use social media campaigns to raise crypto for radical terror groups.

The FATF said investigators are using a range of blockchain analytical protocols to help them freeze terrorism-linked crypto wallets.

Investigators say they had evidence that Islamic State affiliates in Afghanistan were accepting donations made in crypto.

Tim Alper is a News Correspondent at DL News. Got a tip? Email him at tdalper@dlnews.com.

TLDR

Nvidia reports Q4 FY26 earnings February 25 with analysts forecasting $1.52 EPS (up 71%) and $65.58 billion revenue (up 67%)

Wolfe Research, KeyBanc, and UBS analysts maintain Buy ratings citing strong fundamentals and CUDA software advantage

Alphabet’s $175-$185 billion 2026 AI spending plan expected to drive demand for Nvidia GPUs and Broadcom chips

NVDA trades at 25x forward earnings versus 61% expected growth, cheaper than Alphabet (28x) and Broadcom (34x)

Wall Street consensus shows 37 Buy ratings with average price target of $260.38, implying 42.4% upside

Nvidia prepares to report fourth quarter Fiscal 2026 results on February 25 with top Wall Street analysts expressing confidence in a strong earnings beat. NVDA stock has gained 35% over the past year but dipped nearly 2% in 2026 as competition concerns weigh on sentiment.

Wall Street expects earnings per share of $1.52, reflecting 71% year-over-year growth. Revenue projections stand at $65.58 billion, up 67% from last year.

Wolfe Research analyst Chris Caso reiterated his Buy rating earlier this month. He argues the recent pullback makes Nvidia’s valuation attractive again. Caso sees clear upside potential for 2026 and 2027 estimates driven by pricing power from Rubin and Rubin Ultra chip launches. The analyst raised his Fiscal 2028 EPS forecast to nearly $11.50, about $1.50 above consensus.

KeyBanc analyst John Vinh reaffirmed his Buy rating last week. He believes Nvidia remains uniquely positioned to capture AI and machine learning data center growth. Vinh highlighted the company’s CUDA software platform as a major competitive moat that creates high barriers to entry.

Analyst Expectations Point Higher

UBS analyst Timothy Arcuri boosted his price target to $245 from $235 while maintaining a Buy rating. He expects Q4 revenue to reach $67.5 billion, roughly $2.5 billion above guidance. Using AMD’s recent results as reference, Arcuri sees potential for additional China revenue on top of base results.

For Q1 FY27, Arcuri projects revenue guidance of $76 billion versus investor expectations of $74-$75 billion. While confident about Nvidia’s 75% gross margin outlook near-term, he noted investor skepticism about sustaining those levels as Google and Broadcom TPU chips pose competitive threats.

Alphabet Spending Boosts Growth Outlook

Alphabet recently announced capital expenditures between $175 billion and $185 billion for 2026. That massive spending commitment benefits both Nvidia and Broadcom as Alphabet builds AI infrastructure for internal uses and Google Cloud customers.

Alphabet uses custom Tensor Processing Units designed with Broadcom for internal applications like Gemini. However, Google Cloud customers often prefer Nvidia GPUs for workload flexibility across cloud providers. This dynamic positions Nvidia to capture substantial revenue from Alphabet’s spending plans.

The valuation picture favors Nvidia among AI infrastructure plays. Alphabet projects 18% Q1 growth while Broadcom and Nvidia expect 28% and 61% respectively. Yet Nvidia trades at just 25 times forward earnings compared to Alphabet’s 28 times and Broadcom’s 34 times multiple.

Wall Street Consensus Remains Strong

Nvidia carries 37 Buy ratings, one Hold, and one Sell from Wall Street analysts. The average price target sits at $260.38, indicating 42.4% upside potential from current levels.

Major hyperscalers including Amazon, Microsoft, and Alphabet continue committing to high AI infrastructure spending. This sustained demand supports Nvidia’s growth trajectory as the dominant GPU provider for AI workloads.

The company’s GTC event scheduled for next month could provide additional catalysts. Investors get their next major update when Nvidia reports Q4 results on February 25.

The post Nvidia (NVDA) Stock Gets Three Bullish Calls Before Q4 Earnings Drop appeared first on Blockonomi.

In a tweet, XRP Ledger validator Vet indicates this might be the best time to check what will fuel future adoption on the XRPL.

Vet highlighted that privacy is coming to XRP for issued assets (MPTs). Here, account balance and transfer amounts remain encrypted but will still be able to be compliant by allowing selective disclosure to third parties like auditors.

Best time to check what will fuel future adoption 😈.Privacy is coming on XRP for issued assets (MPTs).Account balance and transfer amounts encrypted, but still be able to be compliant by allowing selective disclosure to third parties like auditors. pic.twitter.com/oKikNfkMCw

— Vet (@Vet_X0) February 15, 2026

What Vet seems to be referring to in his tweet might be confidential transfers for MPTs, which is expected to be released in Q1, according to the recently updated institutional DeFi roadmap on XRP Ledger.

Confidential Transfers for MPTs enable institutional-grade privacy on XRP Ledger by encrypting transaction amounts and balances using Zero-Knowledge Proofs. It will allow institutions to mobilize tokenized assets and manage risk positions securely while still maintaining selective disclosure for regulatory compliance and auditability.

card

MPTs (Multi-Purpose Tokens) are regarded as the future of tokenization on the XRP Ledger. This allows complex financial instruments (MMFs, bonds, funds) to include metadata, restrictions and structure without custom contracts.

The impact for XRP is that MPTs increase network usage and require object reserves and transaction fees, all denominated in XRP.

Crucial warning issued

XRP Ledger developer Wietse Wind alerts the community about a massive XRPL targeted scam effort going on.

Wind highlighted an increase in scam sign requests, with scammers attempting to trick users into signing transactions to send their funds to them. Other scam means include offers to users to swap their balance for scam NFTs, scam social accounts sending DMs offering support or scaring users into working with them (to get scammed), scam emails, scam "desktop wallets" (Xaman wallet does not have one) and projects offering free tokens if the secret key is shared.

Wind advises vigilance, urging users never to sign any transaction they do not trust and to never interact with anyone promising free tokens.

In a separate tweet, Xaman wallet urges users to protect their XRP and assets from scams, especially on social media. Users are urged never to connect their wallets to unverified websites nor engage with "support" outside Xaman.

ME News 消息，2 月 16 日（UTC+8），ME News 消息，2 月 16 日（UTC+8），佛罗里达州一名联邦法官判决 Kevin O'Leary 在针对前加密货币网红 Ben Armstrong（网名“BitBoy”）的诽谤案中胜诉，并判令 Ben Armstrong 赔偿 280 万美元。 Ben Armstrong 于 2025 年 3 月下旬在 X 平台上发布的一系列帖子。在这些帖子中，Ben Armstrong 指控在《创智赢家》（Shark Tank）节目中被称为“神奇先生”（Mr. Wonderful）的 O'Leary 及其妻子是杀人犯，并声称他们支付了数百万美元来掩盖其在 2019 年一起船艇事故。在那起事故中，O'Leary 的船在安大略省的一个湖泊上撞上了另一艘船，造成两人死亡。O'Leary 是乘客，从未被起诉。他的妻子被控疏忽驾驶船只，但在经过 13 天的审判后被判无罪。 Ben Armstrong 的帖子包括公开 O'Leary 的私人手机号码，并呼吁粉丝“给现实生活中的杀人犯打电话”。该帖子导致 Ben Armstrong 的账号被平台封禁 12 小时。（来源：ME）

TLDR

Siemens boosted 2026 revenue forecast to upper half of 6-8% range following Q1 results that exceeded expectations

First quarter orders rose 10% to $21.5 billion with U.S. orders jumping 54% on data center infrastructure demand

Data center segment posted 35% revenue growth as AI infrastructure buildout accelerates across North America

JPMorgan lifted price target to EUR 325 from EUR 300 while keeping Overweight rating on shares

Revenue grew 4% to $22.7 billion while net income reached $2.6 billion for quarter ending December 31

Siemens AG beat first quarter expectations and raised its full-year outlook on Thursday. The industrial technology provider cited booming demand for AI and data center infrastructure.

The company now targets the upper half of its 6-8% revenue growth guidance for 2026. CFO Ralf Thomas made the announcement during the earnings call.

Siemens increased its earnings per share guidance by 20 euro cents. The adjustment reflects strong momentum across its business divisions.

U.S. Data Center Orders Drive Growth

First quarter orders climbed 10% to $21.5 billion across Siemens‘ three main divisions. The smart infrastructure unit delivered record growth during the period.

U.S. orders exploded 54% compared to last year. Thomas attributed the surge to robust data center and building software demand.

The data center segment alone grew revenue by 35%. CEO Roland Busch said multiple large U.S. orders came in for cloud and AI infrastructure projects.

“Data centers demand has materially exceeded our expectations,” Busch told analysts.

Financial Results and Division Performance

Revenue increased 4% to $22.7 billion for the quarter ending December 31. Net income totaled $2.6 billion during the period.

Last year’s comparable quarter included a $4.2 billion gain from the Innomotics sale. That transaction boosted year-ago net income to roughly double this quarter’s figure.

The digital industries division posted double-digit order and revenue growth. This came despite ongoing softness in certain industrial markets.

Siemens’ mobility segment also expanded orders and revenue year-over-year. The division focuses on train and road technology solutions.

Strategic Moves and Analyst Updates

Siemens is working with Nvidia to develop AI-powered manufacturing tools. The partnership centers on digital twin technology and complex simulations.

CEO Busch described the initiative as building “the industrial AI operating system throughout the entire value chain.” The system spans design, engineering, manufacturing and supply chain operations.

JPMorgan analyst Phil Buller raised his price target to EUR 325 from EUR 300. The analyst maintained an Overweight rating following the earnings report.

Siemens recently sold its U.S. airport logistics business to Vanderlande for $355.9 million. The company also won a contract for over 200 automated trains for Copenhagen’s S-Bane network.

The post Siemens Stock Lifts 2026 Forecast as AI Data Center Orders Surge appeared first on Blockonomi.

TLDR

Shopify stock dropped 11% after Q4 results despite revenue jumping 31% to $3.67 billion and beating Wall Street estimates

Company projects Q1 revenue growth in low-30s range, crushing analyst forecasts of 25.1%, and launched $2 billion buyback

Analysts raised Buy ratings to 70% from 59% as AI disruption fears seen as overblown given Shopify’s comprehensive platform

AI-driven orders surged 15-fold since January 2025 with new partnerships including Starbucks, Estée Lauder, and Coach

Stock trades at 57 times forward earnings after 30% decline, down from three-year average of 107 times

Shopify shares plunged 11% this week even after delivering strong fourth-quarter results that exceeded analyst expectations. The e-commerce platform reported Q4 revenue of $3.67 billion, up 31% year-over-year and above the $3.58 billion consensus.

The decline wasn’t about weak performance. Shopify got swept up in market-wide concerns about AI disrupting software companies. Investors worry brands will build storefronts through AI chatbots like ChatGPT and Gemini, cutting out platforms like Shopify.

But Wall Street analysts argue these fears miss the mark. Shopify offers more than website templates. The platform handles payments, shipping logistics, and inventory management in one package.

“The market is underappreciating the stickiness of the platform,” J.P. Morgan analyst Reginald Smith wrote Thursday. He highlighted Shopify’s AI tools built on data from millions of merchants and billions of transactions.

The company added major clients this quarter including Starbucks, Estée Lauder, Coach, and E.l.f. Cosmetics. Strong demand continues despite AI concerns.

Strong Q4 Performance Across Board

Gross merchandise volume climbed 31% to $123.84 billion. Europe led growth with GMV up 45%, or 35% in constant currencies. B2B GMV jumped 84% while offline GMV rose 29%.

Merchant solutions revenue increased 35% to $2.9 billion. Subscription revenue grew 17% to $777 million as customers upgraded plans. Monthly recurring revenue hit $205 million, up 15%.

Shopify Payments processed $84 billion in GMV, capturing 68% of total volume. That’s a 38% increase with four points of market share gain.

Management Issues Bullish Q1 Outlook

Shopify guided Q1 revenue growth in the low-30s percentage range. That crushed the 25.1% analyst estimate. The company also announced a $2 billion stock buyback program.

President Harley Finkelstein called Shopify in “pole position” for agentic commerce. Orders from AI searches jumped 15-fold since January 2025 as the company expanded AI platform partnerships.

Analysts Turn More Bullish After Selloff

Nearly 70% of analysts now rate Shopify a Buy, up from 59% in late January. Average price targets dropped to $163.11 from $181.48, but analysts see the pullback as a buying opportunity.

TD Cowen’s John Shao upgraded shares to Buy from Hold on Friday. He noted similar valuation drops in the past preceded strong rebounds.

Loop Capital Markets analyst Anthony Chukumba expects volatility to continue until the market realizes AI fears are exaggerated. That could take several quarters of strong results.

After its 30% year-to-date decline, Shopify trades at 57 times forward earnings. That’s below its three-year average of 107 times and one-year average of 76 times.

The forward price-to-sales ratio sits around 11 times 2026 estimates. Analysts consider that fair value given growth rates. The company spent years building AI infrastructure that’s now driving results as agentic commerce emerges.

The post Shopify (SHOP) Stock Plunges 11% Despite Beating Earnings – Time to Buy? appeared first on Blockonomi.

The post Ethereum Price Compresses in Bearish Pennant, Will $1,136 Become ETH’s Target? appeared first on Coinpedia Fintech News

The Ethereum price is hovering near $2,050 while compressing inside a bearish pennant on the 3-day chart. After retreating from levels above $3,000 in previous months, ETH/USD is now consolidating within converging trendlines and the pattern suggests potential continuation to the downside, with a projected breakdown target near $1,136.

That’s the technical setup. But the underlying volume dynamics add another layer to the story.

Bearish Pennant Takes Shape On Ethereum Price Chart

On the higher timeframe, the Ethereum price chart shows a classic post-drop consolidation. A sharp initial move lower was followed by tightening price action between descending resistance and rising support.

Typically, a bearish pennant forms after a strong downward impulse and resolves in the direction of the prior trend. In this case, that would imply further weakness if support gives way. The cited breakdown target stands at $1,136.

$ETH/3-dayBearish Pennant forming #Ethereum is consolidating inside converging trendlines after that initial drop. Pattern suggests continuation downward.Breakdown target: $1,136Watch this closely — if price breaks below support, we could see a sharp move down. pic.twitter.com/CCt4Kq3Agr

— Trader Tardigrade (@TATrader_Alan) February 16, 2026

Still, patterns are conditional. The structure remains intact only as long as price respects the converging boundaries. A confirmed break below support would validate the formation. Until then, it’s compression.

Volume Z-Score Turns Negative

Meanwhile, Binance data shows daily trading volume around 486,000 ETH, with Ethereum price still trading near around $2,050. The Volume Z-Score sits at approximately -0.39.

In simple terms, that’s below the 30-day moving average. When the Z-Score drops below zero, it indicates current activity is lighter than usual. Historically, that tends to reflect calmer liquidity conditions, to be precise, consolidation or repositioning rather than aggressive trend expansion.

Cooling Market, Unclear Direction

ETH/USD isn’t flashing explosive momentum in either direction. Instead, it’s compressing. Liquidity is cooling. Participation is below average. And Ethereum price remains trapped within a narrowing range.Whether this resolves into a sharp breakdown toward $1,136 or a broader consolidation phase depends on which side of the structure gives way first. For now, the Ethereum price analysis reflects more like compression, and has no clear confirmation.

Authorities in Dubai have arrested an Israeli national in connection with the killing of a Russian crypto figure and his wife. According to reports, authorities have continued to unravel a case that has drawn the attention of the global crypto community.

According to reports, the United Arab Emirates authorities had previously detained Michael Greenberg, also known as Mike Green, about three months ago. Authorities mentioned Greenberg is described as a private investigator based in Thailand. While Greenberg is not suspected of carrying out the crime, the police have alleged that he had some sort of involvement in the killing of Roman Novak and his wife.

Israeli linked to murder of Russian crypto holder and his wife

According to reports, Greenberg is under investigation for ties to eight individuals already arrested in connection with the case. Russian investigators reportedly found some crucial information on the suspects’ mobile phones that eventually led to their arrest in Dubai.

Roman Novak, the murdered Russian national, had allegedly raised $500 million through a fraudulent crypto application before going on the run. He had previously been convicted in 2020 in St. Petersburg for fraud linked to investment and crypto projects. Novak got a sentence of six years in prison. However, after his release in 2023, he moved abroad and reportedly carried on with his fraudulent activities.

Russian authorities noted that Novak and his wife were reported missing after their relatives were unable to contact them. Reports suggest that the couple’s driver last saw them on Oct 2 2025. He allegedly dropped them near a lake in the Hatta area close to the Oman border. The meeting was described as a meeting with potential investors. The duo was lured under the pretext of an investment meeting to a rented villa.

Wrench attacks reach a new high worldwide

The alleged offenders then attacked the couple as they failed to provide access to their crypto wallets. Investigators believe that the suspects discovered the wallet was empty, which led to the couple being allegedly killed and dismembered. Their remains were reportedly found on Oct 3. Russian and Emirati authorities are said to have traced the suspects’ movements using surveillance footage and phone signals.

They tracked them in Oman and later in South Africa before disappearing on Oct. 4. This massive case is unfolding at a time when the global crypto community is witnessing rising violence against crypto holders and builders. Law enforcement agencies across different countries have reported an increase in what they have now been describing as “wrench attacks.”

In May 2025, masked assailants attempted to abduct family members of the chief executive of Paris-based crypto exchange Paymium in broad daylight. Earlier in 2025, David Balland, co-founder of hardware wallet maker Ledger, was abducted in France. His partner also got captured in a ransom attempt involving crypto, but police managed to rescue the pair. Other incidents have been reported in France, Italy, and the United States.

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