Author: driver789

JPMorgan is sticking with its long-run bitcoin upside framework, including a $266,000 per-coin target, even as the bank flags near-term stress signals around mining economics and still-chilly risk sentiment heading into 2026. The bank’s latest read hinges on two pillars: a “soft” floor around bitcoin’s production cost, and a valuation model that maps bitcoin’s potential market cap against private-sector gold investment on a volatility-adjusted basis.In the near term, JPMorgan frames the current drawdown as a familiar stress test for miners. The bank estimates the cost to produce a bitcoin at roughly $77,000, while bitcoin was trading around the mid-$60,000s in…

U.S. Treasury Secretary Scott Bessent said Friday that Congress must move quickly to pass crypto legislation establishing clear federal rules for digital assets, urging lawmakers to deliver the bill to President Donald Trump’s desk for signature this spring. Speaking on CNBC, Bessent was asked about the status of the proposed “Clarity Act” amid a recent sell-off across the crypto market.  He said the bill would provide “great comfort to the market” during a period of heightened volatility, signaling the administration’s push to create a more defined regulatory framework for the sector. Bessent added that some crypto firms have attempted to…

A US federal judge in Virginia sentenced the chief executive of Praetorian Group International to 20 years in prison for running a $200 million cryptocurrency investment scheme that defrauded tens of thousands of investors.According to the Department of Justice, 61-year-old Ramil Ventura Palafox, a dual US and Philippine citizen, was convicted of wire fraud and money laundering for what prosecutors described as a Ponzi scheme that falsely promised daily returns of up to 3% from Bitcoin trading. The US Attorney’s Office for the Eastern District of Virginia said investors poured over $201 million into PGI between December 2019 and October 2021,…

Ethereum is trying to stabilize after weeks of heavy selling. The price is holding near the $1,950 zone, up around 6% from its recent low. At the same time, the biggest Ethereum whales have started accumulating aggressively. But short-term sellers and derivatives traders remain cautious, creating a growing tug-of-war around the next move. Biggest Ethereum Whales Accumulate as Bullish Divergence Stays Intact On-chain data shows that the largest Ethereum holders are positioning for a rebound. Since February 9, addresses holding between 1 million and 10 million ETH ($1,954.37 · Live) have increased their holdings from around 5.17 million ETH to…

Ark Invest added another $18 million worth of crypto-adjacent stocks to its holdings on Thursday, including a $2 million purchase of shares in cryptocurrency exchange Bullish (BLSH).The St. Petersburg, Florida-based company also bought $12 million worth of crypto-friendly trading platform Robinhood (HOOD) and $4 million worth of ether ETH$1,954.46 treasury firm Bitmine Immersion Technologies (BMNR), according to an emailed disclosure on Friday.Ark’s investment in Bullish, the parent company of CoinDesk, extends its run of consecutive equity purchases in the crypto exchange to 10 days. Bullish shares fell 0.53% to $31.71 on Thursday.BLSH shares have lifted from a trough of around…

Ethereum is trading around $1,937, down roughly 1% on the day, as the market consolidates following a sharp early-February sell-off. Summary Ethereum is trading near $1,937, consolidating below the key $2,000 level after a sharp early-February sell-off, with the broader trend still bearish on the daily chart. ETHZilla has launched the first tradable tokenized aviation asset on Ethereum, backed by jet engines leased to a major U.S. airline, expanding the network’s real-world asset (RWA) footprint. Technical indicators show ETH below its 50-day SMA near $2,799, with support at $1,900 and $1,800, while resistance stands at $2,000 and $2,200. The price…

Hedera (HBAR) has traded around the $0.09 mark, testing a key technical support level, even as broader price momentum remains subdued. Despite occasional short-term bounces and technical patterns suggesting relief rallies, ongoing declines in network revenue and ecosystem metrics are weighing on investor confidence. Related Reading According to live market data, HBAR is trading near $0.094, with a market capitalization of $3.9 billion and a 24-hour trading volume that reflects modest activity at current price levels. HBAR’s price trends to the downside on the daily chart. Source: HBARUSD on Tradingview Support Holds, but Trend Weakness Persists Over recent weeks, HBAR’s…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s network dynamics are shifting in a way that could reshape its market structure. On-chain data shows that roughly 30% of all Ethereum (ETH) supply is now locked in staking contracts, marking a record high for the protocol’s proof-of-stake ecosystem. Related Reading: Bitcoin Is ‘No Longer Digital Gold,’ Deutsche Bank Strategist Says Even as ETH prices have struggled, trading below the $2,000 level in recent sessions, activity around staking continues to rise. According to analytics data, about 36.6 million ETH is currently staked, meaning a significant portion…

Shares of the largest publicly traded U.S. crypto exchange, Coinbase, fell this week as the broader crypto market takes a hit in prices, and as the market grapples with news insider selling and analyst predictions.  Monness Crespi & Hardt downgraded $COIN from “buy” to “neutral,” citing downside risk tied to weakening crypto market conditions. The firm set a price target of $120, implying more than 20% downside from recent trading levels. The downgrade comes as the stock has struggled in early 2026 amid a broader pullback in digital assets. COIN opened Thursday around $153, down nearly 10% from intra-week highs,…

Crypto treasury company ETHZilla has launched a token offering access to equity in jet engines that the company acquired last month as part of its pivot into tokenized assets.ETHZilla said on Thursday that the token, called Eurus Aero Token I, was being launched through its new subsidiary, ETHZilla Aerospace, and is backed by two commercial jet engines that are leased to “a leading US air carrier.”The company has priced each token at $100, with a minimum purchase of 10 tokens. ETHZilla said it’s targeting an 11% return rate based on holding it for the full term of the engine leases…