Crypto News

- Major crypto platform shuts down after $26M hack Step Finance, the decentralized finance (DeFi) dashboard once described as the “front page of Solana,” has announced it will wind down all operations following a $26 million hack earlier this year. In a statement posted on X on Feb. 23, the team behind Step Finance, SolanaFloor, and Remora Markets said it had explored “every possible path forward, including financing and acquisition opportunities,” but ultimately failed to secure a viable outcome. The team added that buyback and redemption plans are now underway. Treasury wallets compromised in January breach The shutdown traces back to Jan. 31, when Step Finance disclosed that several treasury and fee wallets had been compromised...

- Anthony Pompliano's Bitcoin Treasury ProCap Buys Back Stock Amid 85% Price Plunge ProCap Financial, the publicly traded Bitcoin treasury firm of social media personality and crypto investor Anthony Pompliano, is buying back its own shares as it seeks to benefit shareholders and push its mNAV, or market net asset value, back towards 1. The firm repurchased 148,241 shares of BRR, valued at nearly $359,000 as of the end of the trading day. Its NAV, which the firm calculates as its cash and Bitcoin holdings minus its convertible debts, currently sits around $305 million. The firm's market cap is under $202 million, as of this writing. "We were able to buy $1.00 of our stock for approximately $0.65 last week,” said Pompliano, the...

- Crypto Exchange Backpack Plans to Offer Company Equity to Token Stakers Backpack announced that its upcoming token will allow users to earn equity in the exchange, turning users into potential owners as it expands in the U.S. Those staking the company's token for at least a year can exchange holdings for equity at a fixed ratio, according to CEO Armani Ferrante. The company has allocated 20% of its equity for this initiative. Ferrante explained that the move seeks to improve on existing models, often criticized for failing to support tokens based solely on utility. He noted a lack of mechanisms ensuring project decentralization over time. The token's debut date remains unspecified, though users were recently prompted to verify...

- Strategy to host ‘Bitcoin for Corporations’ summit in Las Vegas Strategy Inc., the world's largest corporate holder of Bitcoin, is set to host its annual ‘Bitcoin for Corporations’ conference in Las Vegas from Feb. 23 to Feb. 26, gathering top financial executives to discuss the next phase of institutional crypto adoption. As corporate Bitcoin holdings mature, the summit at The Wynn Las Vegas aims to move beyond theoretical discussions and into the practical execution of strategies for integrating digital assets onto company balance sheets. A watershed moment for institutional adoption In a statement, Strategy CEO Phong Le highlighted the explosive growth in corporate adoption, setting the stage for the company's largest...

- If you're wondering about whether to invest $2,000 into Bitcoin (CRYPTO: BTC) or XRP (CRYPTO: XRP) for the purpose of a five-year hold, it's probably the case that both assets can do fairly well over that time. But that doesn't mean their odds of strong performance are equal, and the fact of the matter is that one of the pair is a bit more likely to take the prize. Let's compare and contrast these two coins to see why that is. Bitcoin's edge is structural, if tarnished As you may have heard, Bitcoin's supply is controlled by its halving events, which occur roughly every four years, slashing the amount of new Bitcoin mined per block in half. Bitcoin's next halving is projected for early 2028, smack in the middle of our five-year...

- Bitcoin Had a Rough Weekend. Here's What Drove the Near-5% Drop In the World's Largest Cryptocurrency. The direction Bitcoin (CRYPTO: BTC) moves is generally the overall direction of the entire market. That was indeed the case this past weekend, with Bitcoin losing 4.8% of its value from Friday's equity market close (as of 3:30 p.m. ET). Market participants have swung wildly in terms of sentiment, with the fear-and-greed index swinging from "greed" to "extreme fear" in a matter of months. A current rating of 14/100 suggests that there's little room for optimism among market participants right now. For Bitcoin and other cryptocurrencies viewed as relatively secure bets in the crypto sector, that's going to lead to the kind of moves...

- The sharp crypto selloff that began on October 10 was not just another bout of volatility. According to Frank Holmes, executive chairman of Hive Digital Technologies, the scale of liquidation may help explain why markets have struggled to find a clear bottom. During a recent interview with TheStreet Roundtable, Holmes said the magnitude of losses far exceeded previous crypto crises, including the collapse of FTX. “This is much bigger than FTX,” he said. “It’s a magnitude of loss of six times. With FTX, a lot of the money was eventually found and came back into the system. This time, it’s just gone.” Parallels to Black Monday, 1987 Holmes framed the event through the lens of earlier market crashes. He recalled living through the...

- Crypto.com Gets Conditional US Approval for National Trust Bank Charter Feb 23 (Reuters) - Crypto.com announced on Monday it has received conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter, paving the way for the digital assets firm to become a federally regulated custodian. The approval coincides with the U.S. adopting a more crypto-friendly stance, with regulators easing earlier restrictions and enforcement actions. The charter permits Crypto.com to manage and hold client assets and handle trade settlements within a federally regulated framework, though it does not allow for cash deposits or loan issuance. Upon full approval, the company will operate as a federally...

- Key Takeaways Bitcoin is in legislative No Man's Land. The passage of the Clarity Act, which creates a framework for how to treat crypto tokens and firms up jurisdictional lines of regulatory authority, is being held up by some crypto experts as a catalyst that could drive the coin market out of a rut. Excitement over that possibility, however, seems to be fading. A Polymarket event contract asking "Clarity Act signed into law in 2026?" recently fell to around 50%, slipping from above 80% late last week. The price of bitcoin, meanwhile, is now below $65,000—the lowest levels in about a year and 50% below its October peaks. Crypto-linked stocks including Strategy (MSTR) and Coinbase Global (COIN) are similarly beaten up. WHY THIS...

- Fraud Targeting Elderly Individuals Continues to be a Major Issue In 2024, the FTC reported that of the 2.6 million fraud reports they received, approximately 36% were from people age 60 and older. Police in Texas are once again highlighting the risk to older adults as a shocking crime ring was exposed in January. Local NBC News reports that at least $55 million dollars had been stolen from victims across the state, with the crimes linked to two local jewelry stores. The $55 Million Scam in Texas The suspects in the case are accused of operating a large-scale fraud and money laundering scheme targeting elderly victims for their gold, cash, and cryptocurrency. The scammers impersonated federal agents or regulatory officials...

- Bitcoin (CRYPTO: BTC) trades at less than $65,000 as of this writing. However, 15% of speculators on Polymarket expect it to reach $150,000 again by the end of 2026. Let's break down those short-term bets and see if they matter to long-term investors. What are Polymarket's traders expecting? Only 1% of those traders expect Bitcoin to hit $150,000 by the end of March. Another 3% expect it to reach that level by the end of June, while the remaining 11% placed their bets on Dec. 31. Bitcoin's price set a record high of more than $126,000 last October. Declining interest rates, the Trump Administration's crypto-friendly policies, institutional inflows into its spot price ETFs, and its growing acceptance as legal tender all attracted a...

- Trump Family’s Crypto Venture Says It Faced ‘Coordinated Attack’ World Liberty Financial, the digital-asset venture backed by the Trump family, stated that it overcame a “coordinated attack” targeting its flagship cryptocurrency product. USD1, the dollar-pegged stablecoin issued by World Liberty, briefly slipped below $1 before returning to par value. Stablecoins are typically designed to maintain parity with the dollar, offering users a stable medium of exchange and a value store in the volatile crypto market. The stablecoin, valued at about $5 billion, is the inaugural product from the crypto project co-founded by Donald Trump Jr. and Eric Trump. The project names President Donald Trump as “co-founder emeritus.” “A coordinated...

- Dogecoin (CRYPTO: DOGE) and Solana (CRYPTO: SOL) both had their time in the sun during the now-mythical 2021 crypto bull market. But both coins have since struggled to surpass their former glory, and their performance over the last 12 months has been quite similar -- and quite poor; Dogecoin is down by 61%, and Solana is down by 52%. So if you're looking to allocate a large investment of $4,000, which of these two is the better buy? There's a right answer here even if it goes against what your gut might say. Don't buy Dogecoin Dogecoin is one of the crypto market's most recognizable meme coin brands, and it's true that its unnervingly durable brand power can periodically create price spikes to absurd heights. One big problem with...

- Crypto.com Secures Conditional Approval for National Trust Bank Charter Cryptocurrency exchange Crypto.com is the latest industry firm to receive conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust banking charter, it announced Monday. Foris Dax National Trust Bank—aka Crypto.com National Trust Bank—is now federally regulated to offer services such as digital asset custody, staking custodied assets, and trade settlement. If fully approved, the firm can act as a federally regulated national trust bank under regulation from the OCC. “This conditional approval is the latest testament to both our commitment to compliance and to providing customers trusted and secure services they expect...

- Engie eyes bitcoin mine and storage system at huge new Brazil solar plant RIO DE JANEIRO, Feb 23 (Reuters) - Engie is considering the installation of storage systems or bitcoin mining data centers at its new solar plant in Brazil to enhance the facility's profitability, according to the local head of the French utility company. Having those systems would alleviate curtailments that are negatively impacting the economics of Assu Sol, Engie's largest solar project globally, stated Eduardo Sattamini, Engie's country manager for Brazil. "We are looking at some possible offtakers," he informed journalists during a call last week. Situated in northeast Brazil, Assu has 895 MWp of installed capacity and commenced full commercial...

- Bitcoin mining isn’t a sustainable business anymore, and industry participants are slowly stepping away. The process of validating transactions and securing the network by solving complex cryptographic puzzles to earn new Bitcoins is no longer sustainable. Higher network difficulty, reduced block rewards after the halving, and unstable energy costs have squeezed profitability across the sector. It has turned into a capital-heavy competition. Today’s large-scale miners must invest aggressively in infrastructure, secure cheap power, and optimise operations just to protect margins. For many, simply holding onto mined Bitcoin (BTC) is no longer an easy decision. That’s why Bitdeer’s latest move caught attention. Bitdeer goes from...

- Strategy’s 100th Bitcoin Purchase Ever Is Its Smallest Yet in 2026 Strategy disclosed its smallest Bitcoin purchase of the year on Monday, betting modestly on the digital asset before hosting a two-day conference in Las Vegas. The Tysons Corner, Virginia-based firm spent $40 million on 591 Bitcoin last week, lifting its total holdings to 717,722 Bitcoin, according to a press release. With Bitcoin recently changing hands around $65,500, the firm’s stockpile was worth $47 billion, CoinGecko data showed. The event in Las Vegas is billed as a networking event for those shaping “the future of enterprise success.” It’s set to kick off with a keynote address from Strategy co-founder and Executive Chairman Michael Saylor on the company’s...

- Crypto News of the Day: Stablecoin Demand Could Force Washington to Rethink US Debt Strategy Stablecoins may soon reshape the US Treasury market, potentially forcing a radical shift in debt issuance, according to a new report from Standard Chartered. The bank projects that stablecoin issuers could generate between $0.8 trillion and $1 trillion of fresh demand for Treasury bills (T-bills) by the end of 2028. This trend, when combined with Federal Reserve purchases, could push total short-term Treasury demand to $2.2 trillion. The report warns that the Treasury could use this emerging excess demand as justification to increase T-bill issuance while reducing long-term bond supply. Such a move could, in effect, allow the US...

- The same lessons keep repeating themselves. Investors are being reminded of just how volatile the digital asset ecosystem can be. The market for cryptocurrencies reached a peak valuation of around $4.4 trillion in October last year. Today, the market cap sits at $2.4 trillion, a loss of 45% (as of Feb. 18). The smartest investors are sharpening their focus, figuring out what portfolio moves to make amid the turmoil. Here's one high-conviction crypto to buy and one that should be avoided like the plague. Buy the dominant cryptocurrency Investors should consider buying Bitcoin (CRYPTO: BTC), the world's leading digital asset that has pioneered the entire industry. Given that it represents 57% of the market, its price swings have an...

- Crypto Funds Shed $4B Across Five-Week Negative Streak Digital asset investment products logged their fifth consecutive week of outflows, extending a selloff that has now erased $4 billion from the sector amid widespread investor disinterest and macro uncertainty. Crypto funds saw $288 million in net outflows last week, bringing the five-week total to approximately $4 billion, according to a CoinShares report published Monday. Trading volumes plunged to $17 billion—the lowest level since July 2025—underscoring waning interest even as prices stabilized following Bitcoin's recent drop below $65,000. The sustained outflows test whether institutional appetite for crypto exposure is cooling structurally or simply pausing until macro...