State of Solana Q4 2025

State of Solana Q4 2025

• The Application Revenue Capture Ratio (Chain GDP divided by Real Economic Value) grew from 262.8% to 375.5%. • An increasing App RCR signals that an ecosystem is increasingly mon

NYSE President says exchange felt 'responsibility' to enter tokenization space

NYSE President says exchange felt 'responsibility' to enter tokenization space

• NYSE President Lynn Martin cites responsibility to join tokenization conversation amid blockchain finance surge. • Exchange has built tokenization tech, collaborating with regula

Toncoin-focused treasury company AlphaTON agrees to sell cancer treatment subsidiary

• Immunova is exercising a call option to acquire iOx Therapeutics Limited, a wholly owned AlphaTON subsidiary that develops cancer treatments.

Activist investor Starboard says Riot AI pivot could be worth up to $21 billion as miner lags peers

• Starboard argues Riot’s Texas power assets position the company to secure large AI data center tenants if management accelerates deal execution.

Bitcoin's plunge signals coming AI crisis, but massive Fed response will drive new record high: Arthur Hayes

Bitcoin's plunge signals coming AI crisis, but massive Fed response will drive new record high: Arthur Hayes

• Bitcoin’s plunge signals coming AI crisis, but massive Fed response will drive new record high: Arthur Hayes The rise of artificial intelligence is likely to displace millions of

Hyperliquid starts DeFi lobbying group with $29 million token backing

Hyperliquid starts DeFi lobbying group with $29 million token backing

• Hyperliquid starts DeFi lobbying group with $29 million token backing Jake Chervinsky, CEO of the Hyperliquid Policy Center, said markets are migrating to blockchain, and the U.S

Tokenized pre-IPO shares topic ignites legal debate at Consensus Hong Kong 2026

Tokenized pre-IPO shares topic ignites legal debate at Consensus Hong Kong 2026

• Tokenized pre-IPO shares topic ignites legal debate at Consensus Hong Kong 2026 Ultan Miller touts a blockchain-based pre-IPO index, while critics warn unauthorized equity tokeni

Canary lists spot SUI ETF with staking rewards

Canary lists spot SUI ETF with staking rewards

• Canary lists spot SUI ETF with staking rewards The Nasdaq-listed SUIS fund offers direct exposure to Sui’s native token while passing through proof-of-stake rewards in a regulate

Hyperliquid Foundation sets up DeFi policy advocacy group with $29 million HYPE token donation

• Hyperliquid Foundation donates $29M worth of HYPE tokens to launch DeFi policy advocacy group. • New group aims to influence U.S. regulations to support decentralized finance gro

First spot SUI ETFs debut as Canary Capital and Grayscale launch funds with staking

• Two spot SUI exchange-traded funds hit the market on Wednesday, offering investors direct exposure to the token’s price.

Bitwise seeks SEC nod for 2028 election prediction market ETFs as Wall Street pushes to wrap bets

• Bitwise files for 2028 U.S. election prediction market ETFs, targeting SEC approval. • ETFs would allow investors to bet on presidential race outcomes. • Wall Street pushes to wr

Bitcoin approaches 'late bear market territory' as regime signals echo 2022 bottom, K33 says

• Bitcoin nearing late bear market territory, echoing 2022 bottom signals. • Defensive sentiment rises as traders adopt cautious stance. • Leverage levels drop, indicating reduced

American crypto holders are scared and confused about this year's new IRS tax rules

American crypto holders are scared and confused about this year's new IRS tax rules

• American crypto holders are scared and confused about this year’s new IRS tax rules Crypto tax platform, Awaken Tax, polled 1,000 crypto holders about a radical shift from self-d

From 2016 hack to $150M Endowment: the DAO's second act focuses on Ethereum security

From 2016 hack to $150M Endowment: the DAO's second act focuses on Ethereum security

• DAO hack in 2016 siphoned millions, sparking Ethereum’s first major crisis. • 75,000 ETH remained untouched, now forming a $150M security endowment. • DAO Security Fund will stak

While some big investors cash out of crypto, others double down

While some big investors cash out of crypto, others double down

• Bitcoin trades $67,484, holding tight $66k-$70k range, up 1.04% in 24h. • Ether at $2,020, up 1.43% daily, showing modest gains. • Treasury firms and public institutions were key

XRP Ledger rolls out members-only DEX for regulated institutions

XRP Ledger rolls out members-only DEX for regulated institutions

• XRP Ledger rolls out members-only DEX for regulated institutions A permissioned DEX amendment creates controlled versions of XRPL’s built-in exchange, letting approved entities d

DeFi lending protocol Moonwell hit with $1.8 million bad debt after oracle misconfiguration

• Moonwell confirmed roughly $1.8 million in bad debt after a misconfigured oracle priced cbETH incorrectly and triggered liquidations.

Bitcoin holds near $68,000 as volatility cools, WLFI jumps ahead of Mar-a-Lago forum

Bitcoin holds near $68,000 as volatility cools, WLFI jumps ahead of Mar-a-Lago forum

• Bitcoin steady near $68k, trading within $65.1k-$72k range since Feb 6. • Volatility cooling, funding rates flat/slightly negative, open interest steady at $15.5B. • WLFI token s

Moonwell's $1.12 nightmare: A pricing glitch just let bots seize millions in ETH collateral

Moonwell's $1.12 nightmare: A pricing glitch just let bots seize millions in ETH collateral

• Moonwell’s $1.12 nightmare: A pricing glitch just let bots seize millions in ETH collateral A misconfigured Chainlink price oracle on DeFi lender Moonwell briefly valued Coinbase

Bitwise CIO says DeFi could lead market out of crypto winter as Strategy's Saylor predicts bitcoin recovery

• Bitwise CIO Matt Hougan believes decentralized finance can revive crypto markets post-winter. • Michael Saylor predicts a bullish ‘spring’ for Bitcoin, echoing optimism across th

Brevan Howard's crypto fund said to lose 30% in worst year since inception: FT

Brevan Howard's crypto fund said to lose 30% in worst year since inception: FT

• BH Digital Asset fund lost 29.5% in 2025, worst year since 2021 launch. • Fund underperformed Bitcoin, which fell 6% during the same period. • Prior years saw strong gains: 43% i

Peter Thiel and Founders Fund exit Ethereum treasury firm ETHZilla, SEC filing shows

• Peter Thiel has fully exited ETHZilla, as confirmed by a recent SEC filing. • ETHZilla’s share price fell after the announcement, reflecting investor uncertainty. • The firm is p

Zora moves onto Solana with 'attention markets' for trading internet trends

Zora moves onto Solana with 'attention markets' for trading internet trends

• Zora moves onto Solana with ‘attention markets’ for trading internet trends The creator platform’s new product lets users trade tokens linked to social-media traction, a Polymark

Bitcoin losing $70,000 is a warning sign for further downside

Bitcoin losing $70,000 is a warning sign for further downside

• Bitcoin losing $70,000 is a warning sign for further downside Crypto majors soften while Asian equities rebound modestly, with traders continuing to weigh quantum fears, ETF flow

Peter Thiel's Founders Fund dumps every ETHZilla share

Peter Thiel's Founders Fund dumps every ETHZilla share

• Founders Fund sold all 7.5% stake in ETHZilla, ending zero holdings by year‑end 2025. • ETHZilla amassed 100k+ ETH at peak, then panic‑sold after October market high. • Digital a

Bitcoin ETFs hold billions despite price crash, but resilience masks harsh reality

Bitcoin ETFs hold billions despite price crash, but resilience masks harsh reality

• Bitcoin ETFs hold billions despite price crash, but resilience masks harsh reality Bitcoin spot ETFs in the United States still hold about $85 billion in assets, despite the BTC

CFTC claims exclusive federal authority over prediction markets in new brief, clashing with states

• The filing marks the latest move by the agency to assert federal jurisdiction over fast-growing prediction markets like Kalshi & Polymarket.

Protocol Priorities Update for 2026

Protocol Priorities Update for 2026

• Protocol Priorities Update for 2026 Posted by Protocol track leads on February 18, 2026 Research & Development Weintroduced Protocollast June which organized our work around thre

Abu Dhabi wealth funds bitcoin ETF holdings topped $1 billion at end of 2025

Abu Dhabi wealth funds bitcoin ETF holdings topped $1 billion at end of 2025

• Abu Dhabi wealth funds bitcoin ETF holdings topped $1 billion at end of 2025 Both Mubadala Investment Company and Al Warda Investments lifted investments in BlackRock’s iShares B

Stripe-owned stablecoin platform Bridge wins conditional OCC approval for national bank charter

Stripe-owned stablecoin platform Bridge wins conditional OCC approval for national bank charter

• Bridge, Stripe-owned stablecoin platform, gets conditional OCC approval for national trust bank charter. • Approval allows Bridge to offer stablecoin products, custody, issuance,

Gold firm Elemental Royalty to pay out dividends in Tether's tokenized gold

Gold firm Elemental Royalty to pay out dividends in Tether's tokenized gold

• Gold firm Elemental Royalty to pay out dividends in Tether’s tokenized gold The company claimed the bragging right of being the first to let investors opt for dividend payments i

Stripe's stablecoin firm Bridge wins initial approval of national bank trust charter

Stripe's stablecoin firm Bridge wins initial approval of national bank trust charter

• Stripe’s stablecoin firm Bridge wins initial approval of national bank trust charter The U.S. • banking license would allow Bridge to issue and manage stablecoins under direct fe

Mizuho sees BitGo upsides, calling custodian 'military-grade' despite 44% post-IPO slump

• Analysts expect BitGo’s recurring custody & staking revenue to cushion earnings compared with more trading-dependent firms during downturns.

Crypto venture capital firm Dragonfly raises $650 million despite 'gloom of a bear market'

Crypto venture capital firm Dragonfly raises $650 million despite 'gloom of a bear market'

• Crypto venture capital firm Dragonfly raises $650 million despite ‘gloom of a bear market’ The firm’s fourth fund positions it alongside a16z and Paradigm even as blockchain VC f

Zora launches 'attention markets' on Solana

• Zora, a socialfi platform closely associated with the Ethereum Layer 2 Base, is launching its new attention market platform on Solana.

BlackRock begins acquiring ETH for upcoming Ethereum staking ETF

• A BlackRock affiliate purchased 4,000 seed shares of the fund for $100,000, providing the initial capital the trust will use to purchase ether, according to an amended S-1 filing

The Daily: Logan Paul sells previously tokenized Pokemon card for $16M, Gemini parts ways with top execs, Strategy's latest bitcoin buy, and more

• Logan Paul sells tokenized Pokemon card for $16M, marking high-profile NFT sale. • Gemini announces departure of several top executives amid strategic shift. • Strategy Inc. comp

Abu Dhabi funds held over $1 billion of BlackRock's Bitcoin ETF at end of last year

• Mubadala Investment Company and Al Warda Investments owned over 20 million shares in BlackRock’s BTC exchange-traded fund in Q4.

Benchmark cuts Metaplanet target, says earnings show 'promise and peril' of bitcoin pivot

• Analysts say Metaplanet’s bitcoin-linked income business is becoming critical to funding expansion while avoiding forced BTC sales.

Trump filling Democratic seats at SEC, CFTC could advance crypto bill talks, TD Cowen says

• ‘This would ensure Democrats could immediately control those agencies if they win the 2028 presidential election,’ TD said.

Flow Network: From Collectibles to Consumer DeFi

Flow Network: From Collectibles to Consumer DeFi

• Flow has formalized its expansion deeper into consumer DeFi in a published strategy built around stablecoin-based consumer finance and enshrined protocols, a small set of default

David Bailey's Bitcoin treasury play Nakamoto acquires BTC Inc and UTXO Management

• Nakamoto, David Bailey’s bitcoin treasury firm, acquires BTC Inc to broaden asset holdings. • The deal also brings UTXO Management under Nakamoto’s umbrella, enhancing transactio

Crypto custodian BitGo a potential acquisition target for Wall Street firms, analysts say

Crypto custodian BitGo a potential acquisition target for Wall Street firms, analysts say

• Crypto custodian BitGo a potential acquisition target for Wall Street firms, analysts say Compass Point and Canaccord call BitGo a potential acquisition target and defend the sto

Crypto infrastructure firm BitGo a potential acquisition target for Wall Street firms, analysts say

Crypto infrastructure firm BitGo a potential acquisition target for Wall Street firms, analysts say

• Crypto infrastructure firm BitGo a potential acquisition target for Wall Street firms, analysts say Compass Point and Canaccord call BitGo a potential acquisition target and defe

Trading platform eToro shares jump 14% after posting record Q4 profit despite crypto revenue drop

Trading platform eToro shares jump 14% after posting record Q4 profit despite crypto revenue drop

• Trading platform eToro shares jump 14% after posting record Q4 profit despite crypto revenue drop The results were particularly notable given the struggles at peers Robinhood and

The crypto tax reckoning is here

The crypto tax reckoning is here

• The crypto tax reckoning is here We are officially entering the ‘crypto tax enforcement era’, but the new rules, written by people who don’t understand crypto, could have some bi

CFTC's Selig opens legal dispute against states getting in way of prediction markets

CFTC's Selig opens legal dispute against states getting in way of prediction markets

• CFTC’s Selig opens legal dispute against states getting in way of prediction markets Commodity Futures Trading Commission Chairman Mike Selig fired a legal warning shot defending

Bitcoin slips below $67,000 as software stocks continue to plunge

Bitcoin slips below $67,000 as software stocks continue to plunge

• Bitcoin slips below $67,000 as software stocks continue to plunge The most important indicator for bitcoin’s price direction at the moment is the iShares Tech-Software ETF, and i

eToro shares surge amid Q4 profit increase, crypto derivatives swing to $74 million gain

• Revenue from ‘cryptoassets’ declined to $3.6 billion during the fourth quarter amid a broad market decline.

BitMine grows Ethereum treasury to 4.37 million ETH, sees $252 million annual staking revenue via MAVAN

• Tom Lee’s BitMine said its ether treasury has climbed to 4.37 million ETH as the firm continues aggressive accumulation market prices.

StarkWare integrates EY-built Nightfall privacy tech into Starknet to provide confidential institutional transactions on public blockchains

• The integration allows institutions to conduct confidential payments, treasury management, and DeFi transactions on public blockchains.

Gemini stock falls 10% after it parts ways with COO, CFO and Chief Legal Officer months after IPO

Gemini stock falls 10% after it parts ways with COO, CFO and Chief Legal Officer months after IPO

• Gemini stock falls 10% after it parts ways with COO, CFO and Chief Legal Officer months after IPO Crypto exchange says Marshall Beard, Dan Chen and Tyler Meade are departing effe

Gemini stock plunges after it parts ways with COO, CFO and Chief Legal Officer months after IPO

Gemini stock plunges after it parts ways with COO, CFO and Chief Legal Officer months after IPO

• Gemini stock plunges after it parts ways with COO, CFO and Chief Legal Officer months after IPO Crypto exchange says Marshall Beard, Dan Chen and Tyler Meade are departing effect

Dragonfly closes $650 million for fourth crypto venture fund amid bear market 'gloom'

• Dragonfly closed a $650 million fourth fund, topping its target as the firm deploys capital during a downturn.

Gemini exchange parts ways with CFO, COO and CLO in 'big shakeup'

• Gemini will not replace its COO, with co-founder Cameron Winklevoss absorbing key operational and revenue responsibilities.

Crypto infrastructure project unveils LI.FI Composer, a multi-step transaction orchestrator

• LiFI Composer allows users to combine different actions like swaps, bridging, deposits, and staking into a single transaction.

CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Drops 2.2%, Leading Index Lower

CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Drops 2.2%, Leading Index Lower

• CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Drops 2.2%, Leading Index Lower Ripple (XRP), down 1.5% from Monday, was also an underperformer. • CoinDesk Indicespresents its

The hardware hurdle: Cysic and Cardano clash over the future of decentralized compute

The hardware hurdle: Cysic and Cardano clash over the future of decentralized compute

• The hardware hurdle: Cysic and Cardano clash over the future of decentralized compute At Consensus Hong Kong 2026, Leo Fan questioned Midnight’s use of Google Cloud and Azure, as

BitMine adds $90 million in ETH - Tom Lee says crypto sentiment reminiscent of 2018 and 2022 bottoms

BitMine adds $90 million in ETH - Tom Lee says crypto sentiment reminiscent of 2018 and 2022 bottoms

• BitMine adds $90 million in ETH - Tom Lee says crypto sentiment reminiscent of 2018 and 2022 bottoms The Ethereum treasury firm continues its buying spree with its largest weekly

Bitcoin miner Hive reports record revenue as hashrate expands despite $91 million net loss tied to accelerated depreciation

• The company’s loss was driven by accelerated depreciation related to its Paraguay expansion and non-cash revaluation adjustments.