ZachXBT teased the world on February 23, saying that “major investigation” news would drop on February 26 about a wildly profitable crypto business where employees allegedly played fast and loose with insider data for some cozy trading gains. The company? Yeah, he didn’t name it. That’s like telling us there’s a surprise party… but not who’s throwing it.
Analysts, those modern-day soothsayers, squabble like crows over carrion, debating whether this is the death knell or merely the purging of the weak. The on-chain data, a grim ledger of human panic, reveals $1.93 billion in realized losses-a testament to the fragility of faith in the face of uncertainty. Yet, in this theater of despair, trading volumes surge, as if the players in this tragedy cannot resist the allure of their own downfall.
During NEARCON 2026, Haseeb Qureshi from Dragonfly and Arjun Sethi, co-CEO of Kraken, had a lively discussion about when it will be safe to let AI agents manage real financial transactions.
U.S. President Donald Trump’s “Board of Peace” is supposedly crafting a U.S. dollar-backed stablecoin to “support” Gaza’s economy. Because nothing says “we care” like a digital currency.
XRP, in its latest escapade, has plummeted 69%, sending the market into a fit of nervous hysteria. Yet history, that most reliable of gossip columns, whispers that such panic often marks the beginning of a glittering comeback. Recall the last time XRP performed this dance of despair? It was swiftly followed by an 835% rally, leaving traders to ponder whether this new chapter is merely a prelude to another triumphant aria.
The token broke below the $600 support, printing a low near $583 before a mild rebound that could be described as “optimistic” if you’re feeling generous. In doing so, BNB fell beneath its short-term 9 and 21 Moving Averages, reflecting sustained bearish pressure-like a disco ball in a coal mine.2
In a matter that reads like a ledger entry from some luxury apartment in St. Petersburg, Bitmine Immersion Technologies, Inc. (BMNR), a firm that proudly brands itself as an “Ethereum‑focused treasury,” has swollen its coffers by 51,162 ETH. The total now stands at 4,422,659 tokens-about 3.66 % of the whole country’s supply. At a price of $1,958 each, this vault would make any small Russian gentry blush with envy.
The LTP Summit, in its fourth iteration, was less a conference and more a ritualistic incantation to appease the market gods. Attendees gathered not to celebrate innovation, but to whisper prayers over spreadsheets, hoping their numbers would survive the next crypto winter. The event’s claim of 1,000+ attendees felt less like a crowd and more like a funeral procession for the old guard, with every panel a eulogy for centralized finance.
Behold, the tragic figure of Sam Bankman-Fried, once a titan of crypto, now a shadow wandering the corridors of public opinion. With a tweet, he plunged into the maelstrom, declaring TrumpRx a “huge step in the right direction,” as if the heavens themselves had ordained his words.
At present, Bitcoin finds itself in a lovely little range, teetering between the buyers and sellers like a drunkard at a party trying not to spill his drink. This delightful equilibrium suggests that the next dramatic move will hinge upon how investors decide to play their cards-will they fold or go all in?
