From Coinbase Super Bowl ad to upcoming earnings report, with crypto M&A expert Christian Lopez

• Cohen & Company Capital Markets Blockchain Head on stablecoins, tokenized equities, and why Bitcoin may be our generation’s generational wealth play.

The Daily: Hacker returns $21 million in stolen bitcoin, Robinhood Chain testnet hits four million transactions in first week, and more

• The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

U.S. Federal Reserve researchers sing praises of prediction markets

U.S. Federal Reserve researchers sing praises of prediction markets

• Federal Reserve researchers sing praises of prediction markets A deep look at predictions on Kalshi called such platforms valuable to policymakers and researchers, according to a

Fed's Neel Kashkari calls crypto 'utterly useless,' dismisses stablecoins as 'buzzword salad'

Fed's Neel Kashkari calls crypto 'utterly useless,' dismisses stablecoins as 'buzzword salad'

• Fed’s Neel Kashkari calls crypto ‘utterly useless,’ dismisses stablecoins as ‘buzzword salad’ The Minneapolis Fed president said stablecoins don’t beat Venmo and argued crypto fa

Consensys-backed Ethereum treasury firm Sharplink now holds 867,798 ETH

• Institutional ownership of Sharplink’s common stock has grown to 46% as of Dec. • 31, according to the latest available 13F filings.

ProShares launches first stablecoin-ready money market ETF under GENIUS Act

• IQMM follows the GENIUS Act’s 93-day Treasury requirement, effectively narrowing reserve management to short-term government paper.

Robinhood vs. Vitalik: Why the trading app is building it own L2 while Ethereum founder cools on them

Robinhood vs. Vitalik: Why the trading app is building it own L2 while Ethereum founder cools on them

• Vitalik: Why the trading app is building it own L2 while Ethereum founder cools on them Centralized exchanges are moving forward building their own blockchain infrastructure even

Anchorage Digital offers non-U.S. banks a stablecoin stand-in for correspondent banking

Anchorage Digital offers non-U.S. banks a stablecoin stand-in for correspondent banking

• Anchorage Digital launches U.S.-compliant stablecoin rails for international banks to streamline cross-border transactions. • Service includes minting, custody, treasury manageme

Crypto for Advisors: crypto vaults explained

Crypto for Advisors: crypto vaults explained

• Crypto for Advisors: crypto vaults explained Crypto vaults explained: Learn about risk layers (smart contract, redemption), composability and how RWAs will change DeFi yields. •

Decibel: Building Towards the World's Most Powerful and Trusted Decentralized Exchange

Decibel: Building Towards the World's Most Powerful and Trusted Decentralized Exchange

• Decibel is building on Aptos to become the world’s most powerful and trusted decentralized exchange, driving innovation in trading and markets. • Mainnet Beta is imminent, and Te

Crypto investment firm DBA raises $68 million for its second venture fund

• The firm has invested in infrastructure like DoubleZero and Monad, the stablecoin app Payy, and ICO capital formation platform MetaDAO.

Trump-linked World Liberty taps BlackRock-backed Securitize for hotel tokenization

Trump-linked World Liberty taps BlackRock-backed Securitize for hotel tokenization

• Trump-linked World Liberty taps BlackRock-backed Securitize for hotel tokenization The companies are working to structure and tokenize loan revenue tied to the Trump Organization

Mike McGlone softens bitcoin downside target to $28,000 after backlash over $10,000 call

Mike McGlone softens bitcoin downside target to $28,000 after backlash over $10,000 call

• Mike McGlone softens bitcoin downside target to $28,000 after backlash over $10,000 call Market analysts said the extreme downside scenario risked influencing real capital flows,

UXLink: Partnership Growth Model Overview

UXLink: Partnership Growth Model Overview

• UXLink: Partnership Growth Model Overview Key Insights UXLink operates as a partner-facing onboarding layerthat structures user acquisition through referrals, quests, and Proof-o

Bitdeer shares slip amid $300 million note offering to scale high-performance computing

• Bitdeer plans $300 million convertible note offering to expand high-performance computing; shares drop 18%, down 37% this month.

UAE sits on $344 million unrealized profit from its bitcoin mining operations

UAE sits on $344 million unrealized profit from its bitcoin mining operations

• UAE sits on $344 million unrealized profit from its bitcoin mining operations Royal family-linked mining rigs are producing about 4 BTC a day, turning state-backed infrastructure

CME Group to launch 24/7 crypto futures and options trading on May 29

• CME Group will begin offering 24/7 cryptocurrency futures and options trading on May 29 as volumes hit record highs.

State of Rootstock Q4 2025

State of Rootstock Q4 2025

• Rootstock saw QoQ growth in Q4 in total transactions and merged-mining participation, reflecting slightly higher throughput alongside stronger miner-secured network security. • I

Finish the job on digital asset market structure

Finish the job on digital asset market structure

• Finish the job on digital asset market structure Legislators must choose whether America leads the next generation of finance or watches from the sidelines. • In Washington, the

CoinDesk 20 Performance Update: Bitcoin (BTC) Drops 0.3% as All Assets Decline

CoinDesk 20 Performance Update: Bitcoin (BTC) Drops 0.3% as All Assets Decline

• CoinDesk 20 Performance Update: Bitcoin (BTC) Drops 0.3% as All Assets Decline Binance Coin (BNB) was also among the underperformers, down 0.5% from Wednesday. • CoinDesk Indices

Voltage expands bitcoin infrastructure with USD-settled revolving credit line on Lightning Network

• Voltage launched a USD-settled Bitcoin Lightning Network revolving credit line following a $1 million institutional Lightning transaction.

Soil launches RLUSD yield protocol on XRP Ledger, expanding utility for Ripple's stablecoin

• Soil has launched what it describes as the first compliant real-world asset-backed yield protocol on XRP Ledger for RLUSD.

Why bitcoin's rare oversold RSI crash signals a long, slow grind ahead

Why bitcoin's rare oversold RSI crash signals a long, slow grind ahead

• Why bitcoin’s rare oversold RSI crash signals a long, slow grind ahead History suggests the current move could lead to consolidation around the $60,000 region in the months ahead

Figure is debuting its tokenized stock along with upsized $150 million offering

Figure is debuting its tokenized stock along with upsized $150 million offering

• Figure is debuting its tokenized stock along with upsized $150 million offering The FGRD token represents common shares of the company issued natively onchain with instant settle

SocGen taps XRP Ledger for euro stablecoin distribution

SocGen taps XRP Ledger for euro stablecoin distribution

• SocGen taps XRP Ledger for euro stablecoin distribution The French banking giant expands its euro stablecoin to a third blockchain, deepening institutional use of XRPL for compli

Blockchain data may predict drug overdose surges months in advance: Chainalysis

Blockchain data may predict drug overdose surges months in advance: Chainalysis

• Blockchain data may predict drug overdose surges months in advance: Chainalysis Larger crypto payments to darknet markets were linked to higher stimulant hospitalizations and dea

FinTech · February 19, 2026 (updated February 24, 2026) · 2 min · 262 words
From Fentanyl to Fraud: On-Chain Activity Highlights Illicit Market Evolution

From Fentanyl to Fraud: On-Chain Activity Highlights Illicit Market Evolution

• TL;DR - Darknet market activity remains resilient, with aggregate DNM flows reaching nearly $2.6 billion in 2025, underscoring the persistence of crypto-enabled drug markets desp

Illicit networks accounted for $141 billion of the trillions of stablecoin volume in 2025

Illicit networks accounted for $141 billion of the trillions of stablecoin volume in 2025

• Illicit networks accounted for $141 billion of the trillions of stablecoin volume in 2025 Sanctions-related activity accounted for 86% of illicit crypto flows last year, with mos

Stablecoin volume reached $35 trillion in 2025 as illicit share stays below 0.5%

Stablecoin volume reached $35 trillion in 2025 as illicit share stays below 0.5%

• Stablecoin volume reached $35 trillion in 2025 as illicit share stays below 0.5% Even as sanctions-linked networks drove $141 billion in illicit stablecoin flows last year, TRM d

Crypto markets feel the chill, Base, ether.fi reorganize layer-2 landscape

Crypto markets feel the chill, Base, ether.fi reorganize layer-2 landscape

• Crypto markets feel the chill, Base, ether.fi reorganize layer-2 landscape Your day-ahead look for Feb. • 19, 2026 What to know: You are viewing Crypto Daybook Americas, your mor

Bitcoin, ether rise as altcoins lag in low-volatility trade

Bitcoin, ether rise as altcoins lag in low-volatility trade

• Bitcoin, ether rise as altcoins lag in low-volatility trade Bitcoin and ether tick higher, but weak altcoin breadth, heavy liquidations and elevated options hedging suggest trade

The bank of the future: 77% of stablecoin users say they'd open a wallet with their bank today

The bank of the future: 77% of stablecoin users say they'd open a wallet with their bank today

• The bank of the future: 77% of stablecoin users say they’d open a wallet with their bank today YouGov survey published by Coinbase and BVNK also found that 71% of users would use

Uniswap governance considers activating protocol fees on all v3 pools, expanding to eight additional chains

• Uniswap’s community is mulling expanding protocol fees to bolster revenue collection across all remaining v3 pools on the Ethereum mainnet.

Hacker returns $21 million in stolen bitcoin to South Korean authorities: report

Hacker returns $21 million in stolen bitcoin to South Korean authorities: report

• South Korean prosecutors have recovered about $21 million worth of bitcoin stolen from their custody last year. • Hacker returns $21M in Bitcoin stolen from South Korean authorit

UAE-linked bitcoin mining amasses $344 million unrealized profit excluding energy costs: Arkham

• Arkham attributes approximately $344 million in unrealized profit to wallets linked to UAE royal family-affiliated mining operations.

Robinhood's Layer 2 testnet sees four million transactions in first week, CEO Vlad Tenev says

Robinhood's Layer 2 testnet sees four million transactions in first week, CEO Vlad Tenev says

• Robinhood Chain is an Ethereum Layer 2 built on Arbitrum designed to support tokenized real-world assets and onchain financial services. • Robinhood’s L2 testnet hits 4M transact

Bitcoin, ether, xrp ETFs bleed while Solana bucks outflow trend

Bitcoin, ether, xrp ETFs bleed while Solana bucks outflow trend

• Bitcoin, ether, xrp ETFs bleed while Solana bucks outflow trend U.S. • spot crypto ETFs saw broad-based redemptions led by bitcoin and ether funds, while Solana products drew fre

Bitcoin's $40,000 put becomes second-largest options bet ahead of February expiry next week

Bitcoin's $40,000 put becomes second-largest options bet ahead of February expiry next week

• Bitcoin’s $40,000 put becomes second-largest options bet ahead of February expiry next week Heavy positioning at lower strikes signals rising demand for downside protection for b

Ether, XRP, Solana slide in crypto retreat despite tech-led lift in Asia stocks

Ether, XRP, Solana slide in crypto retreat despite tech-led lift in Asia stocks

• Ether, XRP, Solana slide in crypto retreat despite tech-led lift in Asia stocks Major tokens stayed under pressure even as risk sentiment improved in equities, with a firmer doll

Bitcoin is about to log its longest losing streak since 2022 as geopolitical nerves hit risk trades

Bitcoin is about to log its longest losing streak since 2022 as geopolitical nerves hit risk trades

• Bitcoin is about to log its longest losing streak since 2022 as geopolitical nerves hit risk trades Geopolitical tensions lift the U.S. • dollar and crude prices, adding pressure

Coinbase lets XRP, ADA and dogecoin holders borrow up to $100,000 without selling

Coinbase lets XRP, ADA and dogecoin holders borrow up to $100,000 without selling

• Coinbase lets XRP, ADA and dogecoin holders borrow up to $100,000 without selling The exchange is widening access to its Morpho-powered lending product after a wave of liquidatio

Bitcoin can bounce higher - but the market still lacks fuel for a real run

Bitcoin can bounce higher - but the market still lacks fuel for a real run

• Bitcoin can bounce higher - but the market still lacks fuel for a real run Recent trading shows bitcoin staging short-lived rallies that quickly fade amid a stronger dollar, hawk

Bitcoin shakes off U.S. session losses as Trump says U.S. trade deficit cut by 78%

Bitcoin shakes off U.S. session losses as Trump says U.S. trade deficit cut by 78%

• Bitcoin shakes off U.S. • session losses as Trump says U.S. • trade deficit cut by 78% Investors are focused less on the accuracy of Trump’s trade figures and more on how renewed

South Korea's Hanwha makes a $13 million bet on 'seedless' crypto wallets

South Korea's Hanwha makes a $13 million bet on 'seedless' crypto wallets

• South Korea’s Hanwha makes a $13 million bet on ‘seedless’ crypto wallets The South Korean financial firm backs the U.S.-based blockchain company to accelerate enterprise wallet

Ledn sells $188 million worth of bitcoin-backed bonds: Bloomberg

• S&P Global gave the majority of the bonds the less-than-stellar rating of BBB-, according to a Feb.

TD Cowen: Despite CFTC intervention, states hold edge in prediction markets legal fight

• ‘We continue to give a slight edge to the states in this legal fight primarily because the states have historically been the regulators of sports gambling.’

Ether.fi shifts non-custodial crypto card product to OP Mainnet from Scroll

• Ether.fi will migrate roughly ‘70,000 active cards, 300,000 accounts, and millions in user TVL to Optimism,’ over the coming months.

Bitcoin sinks to $66,000, U.S. stocks lose steam as Fed minutes mention possible rate hike

Bitcoin sinks to $66,000, U.S. stocks lose steam as Fed minutes mention possible rate hike

• Bitcoin sinks to $66,000, U.S. • stocks lose steam as Fed minutes mention possible rate hike Bitcoin is now on track for its fifth consecutive weekly decline, and losing this lev

OpenAI and Paradigm partner on AI agent tool for smart contract security

• DeFi lending protocol Moonwell and CrossCurve have both recently suffered exploits connected to smart contracts.

In The Stables: Bridge Wins OCC Approval

In The Stables: Bridge Wins OCC Approval

• Welcome to In The Stables, a weekly briefing on the most important developments shaping the global stablecoin ecosystem. • Each edition delivers clear, data-driven insights into

Sam Altman's OpenAI unveils 'EVMbench' to test whether AI can keep crypto's smart contracts safe

Sam Altman's OpenAI unveils 'EVMbench' to test whether AI can keep crypto's smart contracts safe

• Sam Altman’s OpenAI unveils ‘EVMbench’ to test whether AI can keep crypto’s smart contracts safe Developed with Paradigm, the tool is OpenAI’s attempt to determine whether modern

Coinbase adds XRP, Dogecoin, Cardano and Litecoin as collateral for onchain loans via Morpho

• users, excluding those in New York, can now borrow up to $100,000 in USDC without selling the four tokens, Coinbase said.

World Liberty Forum opens with 18% WLFI rally as Eric Trump says crypto industry still at 'one-yard line'

• Apex Group plans to test USD1’s stablecoin infrastructure within traditional fund administration, aiming to speed settlement for tokenized assets.

Goldman Sachs CEO David Solomon reveals he owns 'very little' amount of bitcoin

• This is the first time Solomon has said he owns the cryptocurrency, something he previusly said could be ‘a store of value case.’

CLARITY Act: Primer and Outcome Analysis

CLARITY Act: Primer and Outcome Analysis

• CLARITY Act: Primer and Outcome Analysis Key Insights The CLARITY Act is stalled in the Senate amid unresolved debatesover stablecoin rewards restrictions, the balance of SEC vs.

The Protocol: Zora moves to Solana

The Protocol: Zora moves to Solana

• The Protocol: Zora moves to Solana Also: EF’s Stańczak to leave ED role, XRPL member-only DEX and Ethereum revives the DAO. • What to know: Welcome to The Protocol, CoinDesk’s we

The Daily: Peter Thiel and Founders Fund exit ETHZilla, K33 says bitcoin is approaching 'late bear market territory,' and more

• The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Coinbase-incubated Base network to ditch Optimism for 'unified solution'

• The Coinbase-incubated Ethereum Layer 2 is ’evolving its foundational software by moving to a unified, Base-operated stack.'

Coinbase's Base moves away from Optimism's 'OP stack' in major tech shift

Coinbase's Base moves away from Optimism's 'OP stack' in major tech shift

• Coinbase’s Base moves away from Optimism’s ‘OP stack’ in major tech shift Base launched in 2023 and quickly became one of the most widely used Ethereum layer-2 networks. • What t

Optimism's OP token falls after Base moves away from the network's 'OP stack' in major tech shift

Optimism's OP token falls after Base moves away from the network's 'OP stack' in major tech shift

• Optimism’s OP token falls after Base moves away from the network’s ‘OP stack’ in major tech shift Base launched in 2023 and quickly became one of the most widely used Ethereum la