Crypto World
Bithumb’s $40 Billion bitcoin blunder triggers major South Korean market probe
South Korea’s Bithum admitted Wednesday that severe flaws left the trading platform’s internal system wide open to potential sabotage and that it failed to prevent the mistaken transfer of $40 billion in bitcoin to customers, according to Reuters.
The blunder, which triggered the price of bitcoin to plunge by 17% on Bithumb, according to Reuters, consisted of the country’s second-largest crypto trading platform accidentally giving away 620,000 bitcoins to customers instead of just 620,000 won (roughly $428).
The Financial Supervisory Service said Sunday it will start investigations into “high-risk” practices that undermine market order, including large-scale price manipulation by so-called whales, trading schemes tied to suspended deposits and withdrawals and coordinated pump tactics fueled by social media misinformation. The watchdog also said it plans to build tools that automatically extract suspicious trading patterns at the second and minute levels, alongside text-analysis systems using artificial intelligence to flag potential market abuse.
Bithumb CEO Lee Jae-won said the giveaway amounted to 15 times the crypto trading platform’s 42,000 bitcoins, mainly due to a 24-hour lag in processing transactions and delayed updates to its crypto holdings balance. “We are acutely aware of the deficiency in internal system control,” Lee told a parliamentary committee hearing recently.
The CEO admitted that Bithum’s policy of ensuring the volume of assets to be transferred matched its actual holdings failed, and that the amount was not earmarked in a separate account to ensure the transfer’s safety.
The exchange has recovered most of the bitcoin, although 1,786 that were sold within minutes before the exchange froze customers’ accounts are still missing, the Reuters report added. The customers who sold those missing bitcoin are legally bound to return them.
Members of parliament expressed dismay at the lack of government and corporate oversight in the country’s virtual assets market, which is one of the most active in the world by trading volume. According to a recent report, cryptocurrency has become a primary investment asset in South Korea, with investor numbers rising to 10 million and exchanges such as Upbit and Bithumb generating revenues in the trillions of won.
Input Output CEO and founder Charles Hoskinson announced a deal to get LayerZero ported over to the Cardano blockchain during a keynote speech at Consensus Hong Kong on Thursday.
LayerZero is a blockchain aimed at powering institutional-grade markets that received investment from Citadel Securities on Wednesday.
The announcement comes alongside the rollout of Midnight’s mainnet, which was also revealed on Thursday morning.
Hoskinson, who was comically wearing a McDonalds uniform in a nod to the recent market downturn said: “The industry is not healthy. S*** is getting real. Twitter is a nuclear dumpster fire. Sentiment is at an all time low.”
But he insisted it was a micro downturn, and “the macro remains bullish.”
“And to prove it, I’m excited to announce our partnership with LayerZero,” he said. “We’re bringing USDCx to Cardano with a launch date set, complete with broad wallet and exchange support. This means stablecoins with true privacy and immutability, powered by zero-knowledge tech. It’s institutional-grade, and it’s happening now — alongside Midnight’s mainnet rollout. Get ready, folks. This changes everything.”
UPDATE (Feb. 12, 2026, 02:21 UTC): Adds additional information and commentary from Charles Hoskinson.
Peer-to-peer crypto exchange Paxful has been ordered to pay $4 million after admitting it knowingly profited from criminals who used the crypto platform due to its lack of anti-money laundering checks.
The Justice Department said on Wednesday that Paxful was sentenced to pay the fine after pleading guilty in December to conspiring to promote illegal prostitution, knowingly transmitting funds derived from crime, and violating anti-money laundering requirements.
“Paxful profited from moving money for criminals that it attracted by touting its lack of anti-money laundering controls and failure to comply with applicable money-laundering laws, all while knowing that these criminals were engaged in fraud, extortion, prostitution and commercial sex trafficking,” said Andrew Tysen Duva, the assistant attorney general of the Justice Department’s Criminal Division.
Prosecutors said that from January 2017 to September 2019, Paxful facilitated over 26 million trades worth nearly $3 billion in value and collected more than $29.7 million in revenue.
The Justice Department said Paxful had agreed that the appropriate criminal penalty was $112.5 million, but prosecutors determined the company didn’t have the ability to pay more than $4 million.
Paxful made millions from illegal prostitution ads
The Justice Department said Paxful marketed itself as a platform that didn’t require customer information and presented fake anti-money laundering policies that it knew “were not implemented or enforced.”
According to prosecutors, one of Paxful’s customers was the classified advertising site Backpage, which authorities shut down due to hosting ads for illegal prostitution.
“Paxful’s founders boasted about the ‘Backpage Effect,’ which enabled the business to grow,” the Justice Department said, adding that Paxful’s collaboration with Backpage and a similar site between 2015 and 2022 saw the crypto platform earn $2.7 million in profits.
Related: Crypto scam mastermind gets 20 years for $73M pig butchering scheme
Paxful shut down its operations in November and, in a now-deleted blog post in October, said the decision was due to “the lasting impact of historic misconduct by former co-founders Ray Youssef and Artur Schaback prior to 2023, combined with unsustainable operational costs from extensive compliance remediation efforts.”
Youssef said in response to Paxful’s post that the company “should have closed down when I left the company two years ago.”
Schaback, who is also Paxful’s former chief technology officer, pleaded guilty in July 2024 to conspiring to fail to maintain an effective anti-money laundering program.
Schaback is awaiting sentencing, with a California judge agreeing in December to move a meeting on his sentencing from January to May as prosecutors said he is continuing to provide information for the government’s investigation into Paxful, “which may bear on the government’s sentencing recommendation.”
US authorities have not publicly named or charged Youssef in connection with Paxful.
Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026
Coinbase has unveiled a wallet infrastructure designed to let AI agents spend, earn, and trade crypto autonomously. The feature, dubbed Agentic Wallets, builds on the AgentKit framework introduced in November 2024 and aims to push agents from answering questions to taking concrete actions in the market. The system enables developers to embed wallets into agents, enabling tasks such as monitoring DeFi positions, rebalancing portfolios, paying for compute and API access, and participating in creator economies. Core to this rollout is x402, Coinbase’s payments protocol built for autonomous AI use cases, which has reportedly processed 50 million transactions to date.
Agentic Wallets are designed to operate across networks, including the Ethereum layer-2 network Base, where agents can manage positions and execute strategies wherever opportunities exist. The approach envisions a future where agents autonomously optimize yields, rebalance liquidity, and deploy capital without requiring explicit, real-time approvals, provided permissions and controls are preconfigured by users. This marks a shift from AI assistants that merely advise to agents that act, according to Coinbase engineers Erik Reppel and Josh Nickerson in a Wednesday post announcing the development.
“The next generation of agents won’t just advise — they’ll act,” Reppel and Nickerson wrote, detailing plans for agents to perform a range of functions from monitoring yields across protocols to executing trades on Base and managing liquidity positions around the clock. They described a scenario in which an agent detects a more favorable opportunity at 3 a.m., rebalances automatically, and does so without explicit approval because user permissions and safety controls are already in place.
AI agents now operable on the Bitcoin Lightning Network
Beyond Ethereum’s Base, Lightning Labs—the team behind Bitcoin’s Layer-2 Lightning Network—rolled out a new toolset enabling AI agents to transact on Lightning through the L402 protocol standard. The update also allows AI agents to run a Lightning node and manage a Lightning wallet containing native Bitcoin (BTC) without accessing private keys. This development broadens the scope for autonomous financial activity on Bitcoin’s network, providing a parallel pathway for agents to engage with programmable money at the base layer’s second tier.
The push toward agent-enabled wallets comes alongside broader industry activity. Crypto.com CEO Kris Marszalek announced ai.com, a platform intended to let users create personal AI agents to perform everyday tasks on their behalf. The capability ranges from managing emails and scheduling meetings to canceling subscriptions, shopping tasks, and even trip planning. Marszalek described a spectrum of tasks that AI agents could handle, illustrating how these tools might eventually operate as your digital proxy across daily routines.
Why crypto leaders are embracing agentic AI
Industry executives have long warned that AI could redefine how value is exchanged online. In late January, Circle CEO Jeremy Allaire suggested billions of AI agents could transact with crypto and stablecoins for everyday payments within three to five years. Former Binance CEO Changpeng Zhao has echoed a similar sentiment, arguing that a native currency for AI agents is likely to be crypto, capable of supporting tasks from purchasing event tickets to paying restaurant bills. These public statements reflect a shared belief that programmable money and autonomous agents will converge to enable more fluid, real-time financial interactions.
At a higher level, the convergence of AI with decentralized finance and payments ecosystems is driving experimentation around agent autonomy. Google’s recent Universal Commerce Protocol, announced in January, is designed to power agentic commerce by enabling agents to initiate transfers on a user’s behalf, with Google Pay acting as the default payment handler for USD-denominated transactions. The protocol signals a broader push in the tech sector to enable AI-driven commerce that can operate across apps, devices, and payment rails without constant human oversight.
“Build agents that monitor yields across protocols, execute trades on Base and manage liquidity positions 24/7. Your agent detects a better yield opportunity at 3am? It rebalances automatically, no approval needed because you’ve already set permissions and controls.”
As these capabilities mature, momentum in the space is likely to hinge on two dimensions: the robustness of autonomous decision-making and the security of permissioning and governance models. Agentic Wallets must balance the convenience of automated actions with safeguards to prevent unintended risk exposure. The ongoing conversations around risk controls and regulatory alignment will shape how broadly such wallets are adopted by retail and institutional users alike.
Market context
The emergence of autonomous wallets sits within a broader cycle of increased on-chain programmability and the maturation of smart contract-enabled finance. As liquidity provision, yield optimization, and creator economy participation become more automation-friendly, the appetite for self-operating agents grows among developers and institutions alike. The convergence of AI tooling with established networks like Base and the Lightning Network underscores a dual-track approach: one path leverages scalable, smart-contract-enabled ecosystems, while the other emphasizes fast, low-friction payments on Bitcoin’s secondary layer. Regulatory clarity and ETF-related flows in traditional markets are likely to influence how aggressively capital participates in these early-stage, automation-centric use cases.
Why it matters
Agentic Wallets represent a tangible step toward programmable money that can autonomously allocate capital, monitor risk, and adjust exposure across multiple protocols. If successful, the approach could reduce the overhead of manual trading and portfolio management, enabling more people to experiment with sophisticated strategies without in-depth technical know-how. The ability to manage DeFi positions and pay for compute or data access autonomously also has implications for developers building AI-powered financial tools, potentially accelerating product development cycles and new business models in the crypto space.
The integration with Bitcoin’s Lightning Network adds a separate layer of significance. By enabling AI agents to transact via L402 on Lightning and hold a Lightning-compatible wallet, the ecosystem expands the set of on-chain and off-chain rails that can be orchestrated by autonomous programs. This broadens practical use cases for AI agents—from micro-payments to cross-network arbitrage—while testing the limits of permissioned automation and the user controls that balance safety with convenience. Taken together, these developments suggest a future in which agents operate across multiple rails with varying latency, fees, and settlement characteristics.
For users and builders, the key takeaway is a shift in how wallets are used and who controls them. Agentic Wallets place agency in the hands of AI-enabled programs, but with computerized governance that requires explicit permissions ahead of time. The risk-management framework around such permissions will be critical to its sustainable adoption, particularly as public enthusiasm for automation intersects with concerns about security and misuse. The coming months are likely to reveal the first generation of real-world deployments and decision-making heuristics that will define the role of agents in everyday crypto activity.
What to watch next
- Expansion of Agentic Wallets beyond Base to other Ethereum layer-2s and compatible networks, including any developer updates from Coinbase.
- Tracking adoption and volume on the x402 payments protocol, including any reported milestones beyond the 50 million transactions already noted.
- Broader deployment of AI agents on Bitcoin via the Lightning Network using L402, and the integration of wallets with Lightning node operations.
- Progress and practical traction for ai.com by Crypto.com, including user adoption metrics and featured autonomous tasks.
- Further details on Google’s Universal Commerce Protocol and collaboration milestones that enable agent-initiated transfers and payments in real-world settings.
Sources & verification
- Coinbase: Introducing AgentKit — developer-facing overview and the roadmap for embedding wallets into autonomous agents.
- Coinbase Developer Platform status updates on AgentKit and Agentic Wallets deployment.
- Lightning Labs: L402 protocol standard enabling AI agents to transact on Lightning and manage Lightning-enabled wallets.
- Crypto.com: ai.com platform launch and its scope for personal AI agents performing daily tasks.
- Google: Universal Commerce Protocol and Agent Payment Protocol 2 for agent-enabled transfers in commerce.
Key figures and next steps
Coinbase’s public framing of Agentic Wallets as a step toward “agents that act” follows a broader wave of AI-powered automation across crypto layers. The combination of AgentKit, x402, and multi-network reach—spanning Base and the Lightning Network—provides a multi-faceted testbed for autonomous financial activity. Investors and builders will be watching for evidence of sustainable user authorization models, transparent risk controls, and clear metrics around automated yield optimization and liquidity management. As the ecosystem experiments with agent-based transactions, market participants will assess whether these autonomous wallets can reliably operate without compromising security or user intent.
The largest realized loss in bitcoin history occurred during last week’s market downturn, shattering previous records as the asset plummeted from $70,000 to $60,000 on Feb. 5.
According to Glassnode, the Entity-Adjusted Realized Loss reached $3.2 billion. This metric exclusively tracks the USD value of moved coins sold below their acquisition price while filtering out internal transfers between the same entity.
This massive capitulation surpassed even the darkest days of 2022, eclipsing the $2.7 billion loss recorded during the collapse.
According to data platform Checkonchain, “Last week’s bitcoin sell-off meets the criteria of a textbook capitulation event. It occurred rapidly, on heavy volume, and crystallised losses from the lowest-conviction holders.”
With daily net losses exceeding $1.5 billion, the scale of this sell-off represents the most significant absolute USD loss ever crystallized in the network’s history. This points to more signs of a bear market bottom.
As of press time bitcoin is trading around $67,600.
US lawmakers questioned Securities and Exchange Commission (SEC) Chair Paul Atkins at a hearing on Wednesday about the agency’s enforcement actions against the crypto industry and why several cases were dismissed since the leadership change.
Enforcement actions since US President Donald Trump assumed office, and appointed Atkins as SEC chair, are down by 60%, Representative Stephen Lynch said.
The Massachusetts Democrat cited the dismissal of several SEC lawsuits against the crypto industry, including the SEC’s motion to dismiss the Binance case in May 2025, as examples of the dropped enforcement cases.
Lynch also said that foreign investments in World Liberty Financial (WLFI), a decentralized finance platform linked to the Trump family, and memecoins launched by the family, were also causes for concern.
Recent reports indicate that Aryam Investment 1, an Abu Dhabi investment vehicle backed by Sheikh Tahnoon bin Zayed Al Nahyan, the national security adviser of the United Arab Emirates (UAE), purchased 49% of the startup company behind WLFI. Lynch said:
“This is hurting the crypto industry, all these scams. Look at crypto today. I think it’s down 25% in the last month. People are losing trust, and it’s not good for crypto. It’s certainly not good for consumers, and it’s awful the reputational damage that the SEC is suffering.”
“We have a very robust enforcement effort, and we are bringing cases,” Atkins responded. The comments rehashed previous concerns voiced by Democratic lawmakers about the Trump family’s involvement in crypto and how it could effect US national security.
The comments come during a US midterm election year and could signal resistance toward crypto from Democrats, which could stall market structure legislation if the Democratic Party takes back control of at least one chamber of Congress.
Related: Trump-linked WLFI faces probe over $500M UAE crypto deal
Rep. Maxine Waters claims crypto industry pardons, dropped lawsuits are politically motivated
“These cases were dismissed, despite the fact that the SEC was winning in court, proving that the SEC’s crypto enforcement program was well-grounded in the law,” California Representative Maxine Waters said.
The crypto industry executives who benefited from the pardons and the dropped regulatory lawsuits gave “millions of dollars” to Trump and his family, Waters continued.
Waters, who is a vocal critic of both Trump and the crypto industry, has repeatedly called for probes into the president’s family’s crypto activities, characterizing the projects as a potential backdoor for foreign entities to influence Executive Branch policy through bribery.
Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026
TLDR
- MSTR stock dropped 4.8% today, following a significant decline in Bitcoin’s price.
- Michael Saylor linked the stock’s decline to a four-month Bitcoin bear market.
- Strategy’s stock has shown extreme volatility, with 58 moves greater than 5% in the past year.
- A 13.4% drop in Strategy’s stock occurred just six days ago due to Bitcoin’s sharp decline.
- Canaccord Genuity analyst Joseph Vafi slashed his price target on Strategy by over 60%.
Shares of Strategy (NASDAQ: MSTR) experienced a 4.8% drop in the afternoon session today. The decline follows the movement of Bitcoin, which faced a notable decrease in its value. Strategy’s strong correlation with Bitcoin’s performance has made the company’s stock price highly volatile.
MSTR Stock Moves in Tandem with Bitcoin
Strategy’s stock price has consistently followed Bitcoin’s fluctuations, given the company’s large holdings in the cryptocurrency. As Bitcoin dropped from over $110,000 to near $70,000, MSTR stock reflected a similar decline. Michael Saylor, Strategy’s executive, directly attributed the recent decrease to the ongoing four-month bear market for Bitcoin. He stated, “The stock’s decline is tied to the market’s response to Bitcoin’s performance.” This strong link between the two assets has resulted in high volatility for Strategy’s shares.
The company’s stock has moved more than 5% on 58 occasions over the past year, showing its sensitivity to market shifts. Today’s drop, however, is viewed as another typical move within the volatility that investors expect. The market, however, does not appear to see this as a fundamental change in the business outlook. Investors are continuing to monitor Bitcoin’s movements as they assess Strategy’s performance.
Previous Drop and Analyst’s Impact on MSTR
The latest drop comes after a 13.4% decrease in Strategy’s stock just six days ago. This drop followed Bitcoin’s sharp decline, which impacted the value of Strategy’s holdings. Canaccord Genuity analyst Joseph Vafi reduced his price target for the company by over 60% due to Bitcoin’s declining price. The drop in Bitcoin’s value below $70,000 also coincided with the market waiting for Strategy’s fourth-quarter earnings report.
The large-scale impact of Bitcoin’s movement on Strategy’s stock is a key focus for analysts. Investors have remained concerned about the company’s crypto exposure, especially as its Bitcoin holdings lose value. Despite these concerns, Strategy continues to be the largest corporate holder of Bitcoin, which has made its stock price sensitive to changes in the cryptocurrency’s performance.
Strategy’s stock has dropped 19.8% since the beginning of the year, with its current price at $126.10 per share. This price is a far cry from its 52-week high of $455.90, a 72.3% drop from that peak. Investors who bought $1,000 worth of Strategy stock five years ago would now see an investment valued at $1,249.
Crypto World
Charles Hoskinson announces late-March debut for Midnight, unveils privacy simulation platform
Input Output Global (IOG) founder Charles Hoskinson announced Thursday that Midnight, the company’s long-awaited privacy-focused blockchain, will officially launch during the final week of March.
The announcement came during Hoskinson’s keynote speech at Consensus Hong Kong, marking a major step forward in IOG’s efforts to bring data protection and regulatory compliance to decentralized systems.
“We have some great collaborations to help us run it,” he said. “Google is one of them. Telegram is another. We’re really excited, there’s more that will come.”
Midnight uses zero-knowledge (ZK) proofs to enable selective disclosure. Think of it as a smart curtain for blockchain data, letting users share only what they choose while keeping the rest private. It works as a partner chain to the smart contract platform Cardano and provides privacy and regulatory compliance for decentralized applications.
Alongside the mainnet timeline, Hoskinson unveiled Midnight City Simulation, an interactive platform offering a glimpse of how Midnight’s delivers scalable privacy through selective disclosure. The so-called rational privacy ensures that transaction data remains private by default, while specific information can be shared with authorized parties when required.
This flexibility balances transparency and confidentiality on the blockchain through multiple disclosure views, categorized as public, auditor, and god, each with a different access level.
The simulation, hosted at midnight.city, became operational at 10:00 a.m. Hong Kong time Thursday, although public access to the simulation remains restricted until Feb. 26, according to a press release.
The simulation, which runs on the Midnight network and recruits AI-driven agents that interact unpredictably to create a steady flow of transactions, shows how well the blockchain can handle real-world demand and scales accordingly.
IOG said this test demonstrates the network’s ability to keep generating and processing proofs at scale — an important step in proving it’s ready for real-world use.
TLDR
- Hong Kong remains committed to digital assets with a transparent and predictable regulatory framework.
- The UAE is rapidly advancing in the digital asset space with clear regulations and a dedicated regulatory body.
- Hong Kong has granted licenses to 11 virtual asset trading platforms under its licensing regime.
- Hong Kong plans to issue licenses for stablecoins and digital asset custodians in the coming months.
- Johnny Ng suggests Hong Kong could benefit from appointing a dedicated position to oversee crypto regulations.
- Hong Kong continues to engage with global partners, including South Korea, to stay competitive in the digital asset market.
Hong Kong has long been a global financial hub, known for its robust commitment to blockchain and cryptocurrency development. Despite this, it now faces increased competition from the UAE, which has been making aggressive moves in the virtual asset space. The rivalry has intensified as both regions strive to lead in digital asset regulation and innovation.
Hong Kong’s Transparent Regulatory Framework for Digital Assets
Hong Kong has built a reputation for its stable and predictable regulatory approach toward digital assets. According to Joseph Chan, Under Secretary for Financial Services and the Treasury, the city’s regulation is transparent and dependable. “Our regulation is transparent, certain, and predictable,” Chan emphasized. This consistency has helped Hong Kong remain a trusted location for virtual asset businesses despite global market fluctuations.
Since the implementation of its licensing regime for virtual asset trading platforms (VATPs) two years ago, Hong Kong has granted licenses to 11 companies. The framework aims to provide a stable environment for virtual asset firms, promoting industry growth. Chan also pointed out that Hong Kong’s approach remains steady, even when facing challenges like crypto winters.
Furthermore, Hong Kong is moving forward with its stablecoin regulatory regime, with licenses expected in the first quarter of this year. The upcoming licensing framework for digital asset dealers and custodians will be addressed later this year. This process, though lengthy, is designed to ensure all industry players are well-informed, minimizing uncertainties for businesses in the region.
UAE’s Aggressive Stance on Virtual Asset Regulation
While Hong Kong has maintained stability, the UAE is making fast strides in becoming a crypto-friendly hub. Johnny Ng, founder of Goldford Group, highlighted that the UAE is very aggressive in attracting digital asset businesses. The UAE has established clear regulations and placed virtual assets under the oversight of a dedicated regulatory body in regions like Dubai and Abu Dhabi.
Ng noted that this approach gives the UAE an edge in competing with other global financial centers. He pointed to South Korea’s similar model, where a government body specifically handles crypto regulations. “The UAE is really aggressive,” Ng said, comparing its regulatory efforts with those of Hong Kong and other jurisdictions.
In response, Ng suggested that Hong Kong could benefit from appointing a dedicated position to oversee digital asset regulation. “Hong Kong’s legislative council can recommend that the government create one position to oversee all these things,” he said. This idea would streamline regulatory processes and enhance the city’s competitiveness.
PIPPIN price has staged a powerful rally, pushing the meme coin closer to its all-time high. While momentum remains strong, continued investor selling could test the sustainability of this advance.
The question now is whether PIPPIN can sustain demand and convert resistance levels into lasting support.
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PIPPIN Is Not Overheating
The Network Value to Transactions, or NVT, ratio remains relatively low despite the recent price spike. Historically, sharp rallies in speculative assets push the NVT ratio higher. A rising NVT often signals that market value is outpacing transaction activity, suggesting overheating conditions.
In PIPPIN’s case, the muted NVT reading indicates that network usage is expanding alongside price. Transaction volumes have kept pace with market capitalization growth. This alignment reduces the probability of an immediate correction driven purely by overvaluation concerns.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
A low NVT ratio during a rally can signal healthy participation. It suggests that price gains reflect genuine user engagement rather than excessive speculation. For investors focused on on-chain fundamentals, this metric supports the view that PIPPIN’s recent breakout attempt rests on a stronger footing.
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Will Investors’ Selling Affect PIPPIN?
Exchange data shows that holders have been actively selling over the past several days. Since the beginning of the month, approximately 41.95 million PIPPIN tokens have moved onto exchanges. At current prices, this represents more than $17 million in realized supply.
Such selling typically reflects short-term profit-taking following rapid price appreciation. However, distribution alone does not confirm a bearish reversal. In strong uptrends, elevated exchange balances can coincide with aggressive demand from new entrants absorbing available supply.
The combination of rising prices, steady NVT readings, and exchange inflows may indicate absorption. Buyers appear willing to offset sell pressure without triggering a breakdown. This dynamic is often observed in early-to-mid bull market phases, when demand quietly outpaces distribution despite visible profit-taking.
PIPPIN Price Breakout Likely
PIPPIN price has surged 159% over the past five days, trading at $0.419 at publication. The meme coin stands out as the week’s top-performing digital asset. Technical charts show the token nearing a breakout from a descending broadening wedge pattern.
The wedge formation projects a potential 221% advance upon confirmation. A decisive move above $0.518, flipped into support, would validate the breakout structure. Even if PIPPIN falls short of the full projection, momentum could still drive price beyond its previous all-time high of $0.720 and toward $0.800.
Risk factors remain relevant for short-term traders. If the NVT ratio begins rising while exchange selling persists, transaction activity may weaken. A failed breakout could trigger a pullback toward $0.267 or even $0.186. Such a decline would invalidate the current bullish thesis and shift momentum decisively lower.
Crypto World
Strange New Chinese AI ‘KIMI’ Predicts the Price of XRP, Dogecoin and Solana By the End of 2026
When you feed China’s strange new KIMI AI with a carefully engineered prompt, you can get the model to reveal some eye-catching price predictions for XRP, Dogecoin, and Solana this year.
According to Alibaba’s projections, all three assets could print new all-time highs (ATHs) within the next eleven months.
Below, we break down how these bullish forecasts are supported by chart data, fundamentals, and the news cycle.
XRP ($XRP): KIMI Outlines a Long-Term Path Toward $8
In a recent update, Ripple reaffirmed that XRP ($XRP) remains a core component of its strategy to position the XRP Ledger as an institutional-grade global payments network.
Widely recognized for rapid settlement speeds and ultra-low fees, XRPL is also a leading platform for two of crypto’s most promising sectors: stablecoins and real-world asset tokenization.
With XRP currently trading around $1.38, KIMI estimates the token could surge to $8 by the end of 2026, representing a sixfold increase.
Technical indicators appear to support the thesis. XRP’s Relative Strength Index (RSI) has begun rising from sub-30, suggesting renewed accumulation after recent heavy selling.
Fresh institutional demand driven by recently approved U.S.-listed XRP exchange-traded funds, alongside Ripple’s expanding enterprise partnerships and the potential passage of the U.S. CLARITY bill this year are XRP’s key catalysts.
Dogecoin (DOGE): Alibaba AI Sees Major Upside, But a New ATH Remains Uncertain
What began as a satirical experiment in 2013 has evolved into a $15 billion market cap coin. Dogecoin ($DOGE) now represents half of the $32 billion meme coin market.
Dogecoin last reached its all-time high of $0.7316 during the retail-driven bull run of 2021.
While the long-discussed $1 target remains a symbolic goal for the Dogecoin community, KIMI AI projects DOGE could hit it this year.
From its current price near $0.09, that would equate to gains of more than 1,000%, or roughly 11x.
Adoption continues apace: Tesla accepts DOGE for select merchandise, while PayPal and Revolut have integrated Dogecoin support.
Solana (SOL): KIMI Forecasts a Move Toward $400
The Solana ($SOL) ecosystem now secures roughly $6.4 billion in total value locked (TVL) and maintains a market capitalization close to $50 billion. Rising on-chain activity, developer participation, and daily users have spurred its growth.
The recent launch of Solana-linked exchange-traded funds by Bitwise and Grayscale is also attracting institutional investment.
However, after experiencing a prolonged correction in late 2025, SOL has spent most of February trading below $100.
Under KIMI’s most optimistic scenario, Solana could rally to $400 by 2027. That move would deliver nearly 5x returns for current holders and decisively surpass SOL’s previous ATH of $293, set January 2025.
Furthermore, Solana’s prospects look great. Firms such as Franklin Templeton and BlackRock are issuing tokenized real world assets on the network, giving it a strong use case that could increase exponentially.
Maxi Doge: Roll Over, Dogecoin! Maxi’s the New Alpha in Memesville
Finally, investors seeking classic high-risk, high-reward crypto exposure should look beyond the big projects towards emerging meme coins.
Maxi Doge ($MAXI) is one of the most talked-about meme coin presales of 2026, raising $4.6 million so far in its ongoing presale.
The project stars the brash, gym-obsessed, degen Maxi Doge, a distant envious cousin to Dogecoin, and one that channels the irreverent humor that originally propelled meme coins into the spotlight.
MAXI is an ERC-20 token on Ethereum’s proof-of-stake network, offering a significantly smaller environmental footprint compared to Dogecoin’s proof-of-work consensus model.
Early presale participants can currently stake MAXI tokens to earn yields of up to 68% APY, with rewards gradually tapering as the staking pool expands.
The token is $0.0002803 in the current presale phase, with automatic price increases triggered at each funding milestone. Purchases are supported via MetaMask and Best Wallet.
Memesville is entering a new era — and Maxi Doge’s the new alpha!
Stay updated through Maxi Doge’s official X and Telegram pages.
Visit the Official Website Here.
The post Strange New Chinese AI ‘KIMI’ Predicts the Price of XRP, Dogecoin and Solana By the End of 2026 appeared first on Cryptonews.
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