Author: WebDesk

Bitmine Immersion Technologies shareholders have now accumulated approximately $8.8 billion in paper losses on Ethereum, surpassing the roughly $8.0 billion FTX customers initially lost when that exchange collapsed in 2022.Crypto research firm 10x Research flagged the comparison on Monday, warning that ETH is at valuation levels where its fundamental value proposition is being “structurally tested.”Bitmine’s Ethereum Losses Exceed the FTX CollapseEthereum’s price has fallen 60% over the past six months, dropping below Bitmine’s average cost basis of $3,843 per token, according to Bitminetracker.The firm, chaired by Wall Street veteran Tom Lee, has drawn comparisons to Strategy’s Bitcoin treasury model, but…

Key Highlights: Backpack CEO Armani Ferrante said that the company will let users convert staked tokens into up to 20% company equity. The plan links user participation directly with ownership and long-term growth by creating a stronger bond between the product and its community. Token supply will unlock in phases tied to product, regulatory, and market milestones. Armani Ferrante, founder and CEO of Backpack, has announced a new plan that allows users involved in token staking with company ownership. Armani said, “Backpack community grows, we will decentralize the token, offering new things over time, some centralized like our equity offering,…

Alvin Lang Feb 23, 2026 12:45 Core Scientific schedules Q4 fiscal 2025 earnings call for March 2, 2026. Stock up 45% yearly as company pivots from Bitcoin mining to AI data centers. Core Scientific (Nasdaq: CORZ) will release its fourth quarter and fiscal year 2025 financial results on March 2, 2026, after market close. The Austin-based company will host an earnings call at 4:30 p.m. ET to discuss performance during a pivotal year for its business transformation.CEO Adam Sullivan, COO Matt Brown, and CFO Jim Nygaard will lead the call as investors look…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto pundit BULLRUNNERS has alleged that SWIFT is already adopting Ripple’s payment technology, which includes XRP. The pundit also claimed that banking giant HSBC is involved in this partnership as a managing partner of SWIFT’s multi-chain blockchain ledger.  Crypto Pundit Alleges SWIFT Has Integrated Ripple’s XRP Payments In an X post, BULLRUNNERS claimed that SWIFT is already adopting Ripple’s payment technology as part of its new payment stack. This came as he alluded to reports that SWIFT is set to launch a multi-chain ledger, having named XRP-embracing…

Most Shiba Inu (SHIB) holders are still at a loss. The project had one of the most incredible launches in crypto history. However, the asset has lost substantial value over the last few years. SHIB’s incredible rally during the 2021 bull run is still spoken about within the crypto community. Let’s look at two reasons why Shiba Inu’s (SHIB) future looks bright, and two reasons it may not work out for holders.2 Reasons Shiba Inu Has A Bright Future, And 2 Reasons It Does NotSource: WatcherGuruThe Shiba Inu (SHIB) team has made substantial developments to overcome its “memecoin” status. The…

Crypto funds saw $288 million in outflows last week, led by Bitcoin. XRP, Solana, and Chainlink saw minor inflows. Crypto market crash and rising geopolitical tensions contribute to the negative sentiment.  Crypto funds are under pressure, with $288 million pulled out last week, continuing a five-week streak of declines. Overall trading activity also slowed sharply, dropping to $17 billion, marking the lowest level since July 2025. Most of the withdrawals came from the US, which saw $347 million exit crypto products, while Europe and Canada recorded small inflows of $59 million. Bitcoin led the losses with $215 million in outflows,…

A weekly close below the $69K major horizontal level has either confirmed that the next leg down in the Bitcoin bear market is about to begin, or it is yet another flush-out of investors who are desperately hanging in there. Is a recovery still possible from such a position, or was this the death knell?Sentiment at all-time lowSource: Alternative.meAccording to the Crypto Fear & Greed Index at Alternative.me, the crypto market is in Extreme Fear right now, at a reading of 5. Only once before in the life of this index did the market sentiment come down as low as…

The best crypto exchange in UAE is what every serious investor is searching for, but choosing the right one isn’t as simple as it sounds. We understand the Dubai Financial Services Authority landscape and how local rules affect where and how you trade. When you’re putting your money into crypto, you need a platform that’s licensed and secure.In this article, we simplify your search by discussing the top crypto exchanges available to UAE traders in 2026. We break down fees, regulation, supported coins, AED deposits, and security features. We’ll also show you how to get started safely and what to…

Key Highlights: Justin Sun says TRON is ready to support Kyrgyzstan’s blockchain and stablecoin growth. Recent talks focused on scaling the KGST stablecoin and integrating it with TRON infrastructure. Kyrgyzstan’s crypto market is growing fast, and the country’s ruble-pegged token, A7A5, recently processed over $100 billion in transactions since its launch in early 2025. Justin Sun, the founder of TRON, has expressed support for Kyrgyzstan’s development of its crypto sector. Sun said it is encouraging to see the country push forward with virtual asset initiatives and added that TRON is ready to support infrastructure, stablecoin scalability, and real-world blockchain adoption.…

Bitcoin futures positioning among non-commercial traders is swinging sharply toward net long exposure, a move technical analyst Tom McClellan (editor of The McClellan Market Report) says has arrived “with some urgency” in the latest weekly Commitment of Traders (COT) report and one that has coincided with notable market outcomes in prior, similarly extreme episodes. Sharing a chart of Bitcoin futures (price on a log scale) alongside non-commercial net positioning, McClellan argued that in Bitcoin’s case, large speculators effectively function as the “smart money” cohort, because the market lacks the typical commercial hedger presence seen in traditional commodity futures. “The non-commercial…