Crypto World
BYDFi Joins Solana Accelerate APAC at Consensus Hong Kong, Expanding Solana Ecosystem Engagement
[PRESS RELEASE – Victoria, Seychelles, February 12th, 2026]
BYDFi, a global cryptocurrency trading platform, announced its participation as a sponsor of Solana Accelerate APAC during Consensus Hong Kong 2026. The event was held at the Hong Kong Convention and Exhibition Centre alongside the broader Consensus Hong Kong conference.
The combined gathering brought together founders, institutional representatives, policymakers, and blockchain developers, underscoring Hong Kong’s role as a regional hub and an established meeting point for Web3 and blockchain innovation across the Asia-Pacific region.
BYDFi at Solana Accelerate APAC in Hong Kong
Solana Accelerate APAC convened the Solana community and broader crypto ecosystem around the future of internet capital markets and onchain innovation, set against the backdrop of a global financial center known for clear frameworks and active market participation. BYDFi’s participation marked a first, deeper step into Solana-focused programming and community dialogue. Discussions also reflected ongoing market focus on crypto regulation in Hong Kong and crypto licensing in Hong Kong.
During the event, the BYDFi team was on site to meet attendees, share product context, and distribute limited merchandise, including Newcastle United co-branded items as part of BYDFi’s ongoing brand collaboration with the club. The booth saw strong foot traffic throughout the day.

What BYDFi Is Sharing in Hong Kong
BYDFi used the event to share how a CEX + DEX dual-engine approach can support clearer participation across venues and workflows, particularly for users who want both centralized liquidity and onchain discovery in one connected experience. MoonX, BYDFi’s onchain trading engine, supports Solana and is designed to help users track and navigate fast moving onchain markets with a workflow built for speed, signal clarity, and execution efficiency.
In parallel, BYDFi highlighted reliability foundations that support long term trust in volatile markets, with an emphasis on operational safeguards and service responsiveness. These include over 1:1 Proof of Reserves with periodic public reporting, an 800 BTC Protection Fund, and 24/7 multilingual customer support with timely responses across official channels, including social media.
Why This Matters for BYDFi and the Solana Ecosystem
Solana Accelerate APAC brought ecosystem builders and market infrastructure discussions into the same orbit. BYDFi’s participation centered on two goals: listening closely to Solana-native users and teams, and exploring deeper collaboration opportunities that can strengthen product coverage, user experience, and market access as the crypto market continues to mature.
Michael, Co-Founder and CEO of BYDFi, said: Solana Accelerate APAC creates the right setting for practical conversations between builders, market participants, and policymakers. BYDFi joined to learn, connect, and contribute in a way that holds up over time. Reliability is built through consistent infrastructure, clear safeguards, and responsive support, and BYDFi will continue strengthening all three as engagement across the Solana ecosystem deepens.
About BYDFi
Founded in 2020, BYDFi now serves over 1 million users across 190+ countries and regions. BYDFi is Newcastle United’s Exclusive Official Crypto Exchange Partner. Recognized by Forbes as one of the Best Crypto Exchanges In Canada For 2026, BYDFi offers intuitive, low-fee trading across Spot and Perpetual Contracts to Copy Trading, and Automated Crypto Trading Bots, empowering both new and experienced traders to navigate digital assets with confidence.
BYDFi is dedicated to delivering a world-class crypto trading experience for every user.
BUIDL Your Dream Finance.
- Website: https://www.bydfi.com
- Support email: cs@bydfi.com
- Business partnerships: bd@bydfi.com
- Media inquiries: media@bydfi.com
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Crypto World
Another 80% Crash Comes Next?
Are SHIB bulls about to face another massive setback?
Shiba Inu (SHIB) has lately been a pale shadow of its former self, with its valuation tumbling by double digits in a matter of weeks.
According to some analysts, the bad days for the bulls might be just starting.
Devastating Crash Ahead?
As of press time, SHIB trades at around $0.000006127, representing a 20% decline on a 14-day scale. Its market cap slipped to around $3.6 billion, making it the 30th-biggest cryptocurrency. Recall that it ranked much higher in the spring of last year when the capitalization neared $10 billion.
One popular analyst who touched upon the meme coin’s downfall is Ali Martinez. He claimed that the recent drop below $0.00000667 could have opened the door to a much deeper collapse to as low as $0.00000138. Such a move south would represent a whopping 77% crash from current levels.
Several key indicators also suggest that SHIB’s price could be headed for a further plunge. Over the past 24 hours, the Shiba Inu team and community have burned a negligible 483 coins, representing a 99% decline from yesterday’s figure.
The ultimate goal of the mechanism, adopted in 2022, is to reduce the meme coin’s overall supply, potentially making it more valuable in time (assuming demand remains constant or heads north). Data shows that the current circulating supply is roughly 585.46 trillion tokens after more than 410.7 trillion SHIB have been scorched over the years.
Meanwhile, Shibburn – the X account spreading information about the recent token burns – has been inactive lately. The last update on the matter, from January 9, showed that the daily and weekly burn rates have been unimpressive.
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Shiba Inu’s Relative Strength Index (RSI) supports the bearish scenario. Over the past few hours, the metric’s ratio exceeded 70, indicating the asset is overbought and could be gearing up for a pullback. The technical analysis tool ranges from 0 to 100, where readings between 30 and 70 are considered neutral, whereas anything below 30 may be viewed as a buying opportunity.
Can the Bulls Return?
Contrary to Martinez’s grim prediction, the analyst who goes by the X moniker Vuori Trading argued that SHIB may explode in the foreseeable future.
They claimed that the asset remains in the “bear trap” stage, characterizing the setup as “pure manipulation before shooting higher.” The analyst set a target of “at least” $0.00014, which would be an all-time high and represent a staggering 2,200% increase from the ongoing valuation.
Despite the recent price plunge, SHIB investors don’t appear to be rushing to sell. In fact, CryptoQuant’s data shows that the number of coins stored on exchanges has declined over the past month. This trend signals a shift toward self-custody and reduces immediate selling pressure.
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Crypto World
Hong Kong Crypto Sentiment Stays Bullish as $2 Trillion Market Crash Tests Asia
The rest of the world is panic-selling into a $2 trillion wipeout, but Hong Kong isn’t blinking.
While Bitcoin hovers precariously around $67,000, down nearly 50% from its October highs, institutional players in Asia’s financial capital are doubling down on infrastructure rather than fleeing the liquidity crisis.
It sounds counterintuitive, given the carnage, seeing altcoins decimated and liquidity described as “perilously patchy” by Bloomberg, but the smart money in Hong Kong is playing a different game entirely.
Key Takeaways
- Bitcoin trades near $67,000, down 47% from peaks, while wider crypto markets suffer a $2 trillion rout.
- Hong Kong officials reaffirmed support at Consensus 2026, citing $3.71 billion in tokenized deposits.
- Institutional focus in HK contrasts sharply with South Korean retail traders currently fleeing the market.
Is Asia, Especially Hong Kong, Decoupling from the Crash?
To understand the disconnect between price action and sentiment, look at who is actually buying.
While retail traders globally are capitulating, Hong Kong is leveraging a regulatory framework years in the making.
The city has spent the last three years positioning itself as a hub for regulated digital assets, and that investment is creating a buffer against current volatility.
While U.S. markets flounder under uncertainty, we are seeing similar patterns of institutional positioning from major players on Wall Street who remain invested despite the drawdown. In Hong Kong, this resolve is policy-backed.
Hong Kong Chief Executive John KC Lee, yesterday, reaffirmed the city’s commitment to a “sustainable digital asset ecosystem” during Consensus Hong Kong 2026.
This isn’t just talk: the city’s Securities and Futures Commission (SFC) is pushing ahead with licensing regimes that institutionalize the sector, regardless of the spot price of Bitcoin.
The $3.71 Billion Safety Net
The numbers coming out of the region paint a starkly different picture than the red candles on your charts.
While retail sentiment is crushed, Financial Secretary Paul Chan Mo-po revealed that Hong Kong banks are on track to offer tokenized deposit services worth US$3.71 billion by the end of 2025.
Compare this to the situation in South Korea. There, retail traders are bailing on crypto’s riskiest trades as alts collapse.
This mirrors the accumulation behavior we are tracking elsewhere, where large entities are controlling supply during price crashes to strengthen positions.
Even amid this crash, analysts are identifying the best crypto to buy, betting that Hong Kong’s regulatory clarity will draw serious volume once the dust settles.
Discover: The best crypto to diversify your portfolio
What the Hong Kong Situation Means for Global Regulation
Hong Kong is effectively calling the bottom by refusing to halt progress. The SFC is advancing legislative proposals for custodian licensing in early 2026, focusing on safeguarding private keys. This is the kind of clarity institutions need to deploy capital.
It’s a sharp contrast to the West, where stablecoin talks have stalled amid banking yield restrictions. Hong Kong’s approach of integrating tokenized assets directly into banking could force other jurisdictions to speed up or risk losing the center of gravity for crypto finance to Asia.
Solana Foundation President Lily Liu summed it up best at Consensus, noting that “Asia underpinned Bitcoin in any aspect.”
If Hong Kong holds firm while the $2 trillion crash plays out, it may emerge as the de facto capital for the recovery.
Discover: What is the next crypto to explode?
The post Hong Kong Crypto Sentiment Stays Bullish as $2 Trillion Market Crash Tests Asia appeared first on Cryptonews.
Crypto World
Is the Bottom In for ETH? $1.8K Support Holds Key to Recovery
Following the aggressive sell-off toward the $1.8K demand region, Ethereum stabilised and produced a corrective rebound. However, this recovery lacks strong momentum and is unfolding within a broader bearish structure. The current price behaviour indicates a potential consolidation between a well-defined demand zone below and an overhead supply area that continues to cap upside attempts.
Ethereum Price Analysis: The Daily Chart
On the daily timeframe, ETH remains within a descending channel, with the price trading below both the 100-day and 200-day moving averages, which are now sloping downward and serving as dynamic resistance. The recent breakdown below the prior major swing low around $2.4K accelerated the sell-off, confirming bearish continuation and triggering a move toward the $1.8K demand zone.
The rebound from this crucial zone shows that buyers are defending this key historical support, which previously acted as an accumulation area. However, the price is currently trading at approximately $2K and remains below the internal resistance near $2.2K.
As long as Ethereum remains between $1.8K and $2.2K, the market is likely to consolidate within this range. A daily close below $1.8K would expose the next lower liquidity pocket toward $1.6K, while a reclaim of $2.2K could open the path toward the $2.6K supply region.
ETH/USDT 4-Hour Chart
Zooming into the 4-hour timeframe, the price action reveals a compression structure following the sharp decline. Ethereum formed a local bottom near $1.8K and then produced a higher low, creating a short-term ascending trendline against the broader downtrend. At the same time, a descending resistance line from the recent swing high continues to cap price, forming a tightening range.
The immediate supply lies around $2.2K, where the previous breakdown occurred, while the nearest demand remains at $1.8K. With price hovering near $1,960, Ethereum appears to be consolidating between these two zones. A breakout above $2.2K on the 4-hour chart would signal short-term bullish continuation toward $2.4K, whereas a breakdown below $1.8K would likely invalidate the consolidation scenario and resume the dominant bearish trend.
Overall, the structure remains bearish on higher timeframes, but in the short term, Ethereum is compressing between $1.8K demand and $2.8K supply, and the next impulsive move will likely emerge from a decisive break of this range.
Sentiment Analysis
The ETH liquidation heatmap over the last 6 months provides critical confirmation of the bearish technical structure. A significant concentration of liquidity has been built around and just below the $2K level, which has recently acted as a strong magnet for price. The sharp sell-off into this area confirms that downside liquidity was actively targeted, resulting in a large flush of leveraged long positions.
Despite this liquidation event, the heatmap still reveals residual liquidity pockets extending slightly below current price levels, indicating that the market may not have fully exhausted its downside objectives yet. These remaining clusters continue to exert gravitational pull on price, especially if spot demand remains weak and derivatives positioning rebuilds on the long side too quickly.
That said, the intensity of liquidations around the $2K zone suggests that a meaningful portion of forced selling has already occurred. This reduces immediate liquidation pressure and explains the short-term stabilization seen after the drop. However, from an on-chain perspective, this behavior supports consolidation or corrective rebounds, not a confirmed trend reversal, unless liquidity interest decisively shifts back above current levels.
In summary, on-chain data aligns closely with the technical picture: Ethereum is still operating in a bearish liquidity-driven environment, with downside risks remaining active as long as price fails to reclaim key supply zones and attract sustained spot demand.
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Crypto World
Bitcoin layer-2 builders pitch BTCFi as the next institutional unlock

Leaders from Citrea, Rootstock Labs and BlockSpaceForce argued that bitcoin’s scaling layers are less about throughput and more about turning the asset into a programmable financial base layer.
Crypto World
YZi Labs is backing AI, biotech and Web3
In a market where crypto cycles rise and fall while AI feels inevitable and biotech plays out over decades, YZi Labs is deliberately positioning itself across multiple technological frontiers.
The unifying thesis is “to focus on the things haven’t happened yet, and to focus on the people who are there to dream them up and to make it happen,” head of YZi Labs Ella Zhang said at Consensus Hong Kong 2026 on Thursday.
YZi, formerly Binance Labs, invests across AI, biotech and Web3, balancing time horizons, particularly as crypto “feels very cyclical at the moment,” while AI adoption accelerates, Zhang said.
“Focus on user demand. Is there real demand happen or the demand is imagined?” she said. Instead of chasing narratives, the firm pressures founders on product fundamentals: what pain point is being solved, how distribution works, and whether there are early signals that the problem truly matters.
That philosophy also shapes capital deployment. “We’re not obligated to deploy all the capital we have,” Zhang said, emphasizing that checks follow conviction, not the other way around. YZi aims to be an early backer but continues supporting companies across multiple rounds, offering mentorship and strategic resources alongside funding.
On infrastructure, Zhang pointed to BNB Chain’s scale as a natural distribution layer, with “thousands of protocols” and “hundreds of millions of users” forming a ready ecosystem for new applications. At the same time, YZi is “very, very open for the founders to fail and welcome them to come back,” she said, framing failure as part of long-term founder development.
As for product trends, Zhang called stablecoins the first true mass-market application beyond trading. “Stablecoins are currently a very good application for crypto to go to mass adoption,” she said, citing improving compliance frameworks globally. Still, she sees further work ahead in custody, exchange infrastructure and on-chain FX before stablecoins fully mature.
Crypto World
15% growth in malicious email attacks in 2025
Editor’s note: In crypto and fintech security, email remains a critical attack vector. The 2025 Kaspersky findings show a sharp rise in malicious and potentially unwanted emails, with spam accounting for nearly half of global traffic and millions of dangerous attachments hitting users. For crypto firms and investors, these trends mean more phishing, more BEC attempts, and combined-channel scams that blend email with messaging apps and even legitimate-looking services. This editorial summarizes the implications and directs attention to the press release’s key points, which detail where threats are coming from, how attackers adapt, and practical defenses for the year ahead.
Key points
- 44.99% of global email traffic was spam in 2025.
- Over 144 million malicious and potentially unwanted email attachments.
- APAC led detections at 30%, Europe 21%, with China 14% among top countries.
- Detections peaked in June, July and November.
- Trends include cross-channel scams, evasion techniques, platform abuse, and refined BEC tactics.
Why this matters
Kaspersky’s 2025 telemetry shows 44.99% of global email traffic was spam, with 144 million malicious attachments and APAC leading detections, underscoring rising phishing risks.
Attackers increasingly blend email with other channels, employ advanced disguises, and imitate legitimate services, creating risk for crypto platforms and users alike. Staying ahead requires awareness, user training, and layered security measures.
What to watch next
- Monitor cross-channel phishing and fraudulent outreach patterns.
- Watch for increased use of legitimate platforms to send spam and scams.
- Be vigilant for refined BEC tactics and fake email threads.
- Strengthen phishing awareness and security controls across organizations.
Disclosure: The content below is a press release provided by the company/PR representative. It is published for informational purposes.
Kaspersky reports 15% growth in malicious email attacks in 2025
12 February 2026
According to Kaspersky telemetry, almost every second email – 44.99% of global traffic – was spam in 2025. Spam consists not only of unsolicited emails, but can also include various email threats such as scam, phishing and malware. In 2025, individuals and corporate users encountered over 144 million malicious and potentially unwanted email attachments, representing a 15% increase compared to the previous year figures.
In 2025, APAC had the largest share of email antivirus detections: it reached 30%, followed by Europe with 21%. Next came Latin America (16%) and the Middle East (15%), Russia and CIS (12%) and Africa (6%). As for individual countries, China had the highest rate of malicious and potentially unwanted email attachments, with the share of email antivirus detections of 14%. Russia ranked second (11%), followed by Mexico (8%), Spain (8%) and Turkey (5%).
Email antivirus detections peaked moderately in June, July and November.
Key trends in email spam and phishing
Kaspersky’s annual analysis has also identified several persistent trends in the email spam and phishing threat landscape that are expected to continue into 2026:
- Combination of various communication channels. Attackers lure email users into switching to messengers or calling fraudulent phone numbers. For instance, scam investment mailings may redirect victims to fake websites, where they are asked to provide their contact information, and then cybercriminals will follow up with a phone call.
- Usage of diverse evasion techniques in phishing and malicious emails. Threat actors frequently try to disguise phishing URLs, for example, with the help of link protection services and QR codes. These QR codes are often embedded directly in email bodies or within PDF attachments, which not only conceals phishing links but also encourages users to scan them on mobile devices, potentially exploiting weaker security measures than corporate PCs.
- Mailings exploiting diverse legitimate platforms. For example, Kaspersky experts discovered a fraudulent tactic that abuses OpenAI’s organization creation and team invitation features to send spam emails from legitimate OpenAI addresses, potentially tricking users into clicking scam links or dialing fraudulent phone numbers. Additionally, a calendar-based phishing scheme, which originated in the late 2010s, resurfaced last year with a focus on corporate users.
- Refining tactics in business email compromise (BEC) attacks. In 2025 attackers attempted to become even more persuasive by incorporating fake forwarded emails into their correspondence. These emails lacked thread-index headers or other headers, making it difficult to verify their legitimacy within an email conversation.
Email phishing shouldn’t be underestimated. Our report reveals that one in ten business attacks starts with phishing, with a significant proportion being Advanced Persistent Threats (APTs). In 2025, we saw an increase in the sophistication of targeted email attacks. Even the smallest details are meticulously crafted in these malicious campaigns, including the composition of sender addresses and the tailoring of content to real corporate events and processes. The commodification of generative AI has significantly amplified this threat, enabling attackers to craft convincing, personalized phishing messages at scale with minimal effort, automatically adapting tone, language and context to specific targets,
To learn more about spam and phishing threat landscape, visit securelist.com.
To stay safe, Kaspersky recommends:
- Treat unsolicited invitations from any platform with suspicion, even if they appear to come from trusted sources.
- Carefully inspect URLs before clicking.
- Do not call any phone numbers indicated in suspicious emails – if you need to call support of a certain service, it is best to find the phone number on the official webpage of this service.
- For corporate users, Kaspersky Security for Mail Server with its multi-layered defense mechanisms powered by machine learning algorithms provides robust protection against a wide range of evolving threats and offers peace of mind to businesses in the face of evolving cyber risks.
- Ensure all employee devices, including smartphones, are equipped with robust security software.
- Conduct regular training on modern phishing tactics.
About Kaspersky
Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky’s deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect individuals, businesses, critical infrastructure, and governments around the globe. The company’s comprehensive security portfolio includes leading digital life protection for personal devices, specialized security products and services for companies, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help millions of individuals and nearly 200,000 corporate clients protect what matters most to them. Learn more at www.kaspersky.com.
Crypto World
Cathie Wood Loads Up on Robinhood (HOOD) Stock During 9% Crash
TLDR
- Cathie Wood’s ARK Invest bought $33.8 million in Robinhood shares after the stock dropped 9% on Q4 earnings miss
- Robinhood now represents ARK’s largest crypto holding at $248 million, a 4.1% portfolio weighting
- CEO Vlad Tenev predicts prediction markets will enter a “supercycle” with trillions in annual volume potential
- The company launched Robinhood Chain testnet, a Layer 2 blockchain for tokenized assets
- Bitcoin ETFs saw $276 million in outflows Wednesday as crypto trading volumes declined
Cathie Wood made a bold move Wednesday, buying the dip on Robinhood shares while most investors headed for the exits. ARK Invest purchased $33.8 million worth of stock as shares plunged nearly 9% following a disappointing Q4 earnings report.
The buying spree wasn’t limited to Robinhood. ARK also added $16 million in other crypto-related stocks including Bullish and Circle as the broader digital asset market sold off.
Robinhood missed revenue estimates in Q4 as cryptocurrency trading volumes collapsed during Bitcoin’s recent weakness. The digital currency briefly dropped below $66,000, triggering a wave of selling across crypto-linked equities.
But Wood saw opportunity where others saw risk. The purchases pushed Robinhood to become ARK’s largest crypto-related position, with total holdings now worth approximately $248 million.
Blockchain Infrastructure Play
The timing coincided with Robinhood’s testnet launch of Robinhood Chain. This Layer 2 blockchain targets tokenized real-world assets and institutional financial services.
ARK appears to be betting on Robinhood’s transformation from a retail trading platform into a blockchain infrastructure provider. The quarterly earnings miss seems less important than the long-term strategic positioning.
Bitcoin ETFs recorded $276.3 million in net outflows Wednesday, nearly erasing weekly gains. Total assets under management dropped to $85.7 billion, the lowest level since late 2024.
While Bitcoin has stabilized around $67,200, institutional appetite remains muted. Many large investors are waiting for clearer market direction before deploying capital.
Prediction Markets Opportunity
CEO Vlad Tenev offered a different perspective during the earnings call. He described prediction markets as entering a “supercycle” that could eventually generate trillions in annual trading volume.
The data supports his optimism. Prediction markets volume more than doubled in Q4, reaching $12 billion in total contracts for 2025. The company has already processed $4 billion in 2026.
Robinhood is building its own prediction market platform through a joint venture with Susquehanna International Group. The move would give the company greater control over product offerings and potentially stronger margins.
Launch is expected later this year. The platform will compete with Kalshi and Polymarket in a rapidly expanding market.
Tenev told CNBC he remains bullish on crypto despite recent volatility. The company plans to continue expanding both digital asset offerings and prediction markets.
More details are expected at Robinhood’s “Take Flight” event on March 4. Tenev is scheduled to unveil new products and strategic initiatives.
Wall Street maintains a Strong Buy rating on the stock. Analysts have issued 14 Buy ratings, three Holds, and zero Sells over the past three months. The average price target of $135.79 suggests 56.9% upside potential.
Shares have declined nearly one-third year-to-date following Wednesday’s selloff.
Crypto World
Tech IPO hype drowned out by prospect of $1 trillion in debt sales
Magnificent 7 tech stocks on display at the Nasdaq.
Adam Jeffery | CNBC
While the prospect of a SpaceX initial public offering and the hopeful listings from OpenAI and Anthropic have juiced IPO excitement on Wall Street, the current action in tech capital markets has nothing to do with equity. Rather, it’s all about debt.
Tech’s four hyperscalers — Alphabet, Amazon, Meta and Microsoft — are collectively projected to shell out close to $700 billion this year on capital expenditures and finance leases to fuel their artificial intelligence buildouts, responding to what they call historic levels of demand for computing resources.
To finance those investments, industry giants may have to dip into some of the cash they’ve built up in recent years. But they’re also looking to raise mounds of debt, adding to concerns about an AI bubble and fears about a market contagion if cash-burning startups like OpenAI and Anthropic hit a growth wall and pull back on their infrastructure spending.
In a report late last month, UBS estimated that after tech and AI-related debt issuance across the globe more than doubled to $710 billion last year, that number could soar to $990 billion in 2026. Morgan Stanley foresees a $1.5 trillion financing gap for the AI buildout that will likely be filled in large part by credit as companies can no longer self-fund their capex.
Chris White, CEO of data and research firm BondCliQ, says the corporate debt market has experienced a “monumental” increase in size, amounting to “massive supply now in the debt markets.”
The biggest corporate debt sales this year have come from Oracle and Alphabet.
Oracle said in early February that it planned to raise $45 billion to $50 billion this year to build additional AI capacity. It quickly sold $25 billion of dollars worth of debt in the high-grade market. Alphabet followed this week, upping the size of a bond offering to over $30 billion, after holding a prior $25 billion debt sale in November.
Other companies are letting investors know that they could come knocking.
Amazon filed a mixed shelf registration last week, disclosing that it may seek to raise a combination of debt and equity. On Meta’s earnings call, CFO Susan Li said the company will look for opportunities to supplement its cash flow “with prudent amounts of cost-efficient external financing, which may lead us to eventually maintain a positive net debt balance.”
And as Tesla bolsters its infrastructure, the electric vehicle maker may look to outside funding, “whether it’s through more debt or other means,” CFO Vaibhav Taneja said following fourth-quarter earnings.

With some of the world’s most valuable companies adding to their debt loads by the tens of billions, Wall Street firms are plenty busy as they await movement on the IPO front. There haven’t been any IPO filings from notable U.S. tech companies this year, and the attention is focused on what Elon Musk will do with SpaceX after he merged the rocket maker with AI startup xAI last week, forming a company that he says is worth $1.25 trillion.
Reports have suggested SpaceX will aim to go public in mid-2026, while investor Ross Gerber, CEO of Gerber Kawasaki, told CNBC he doesn’t think Musk will take SpaceX public as a standalone entity, and will instead merge it with Tesla.
As for OpenAI and Anthropic — competing AI labs that are both valued in the hundreds of billions of dollars — reports have surfaced about eventual plans for public debuts, but no timelines have been set. Goldman Sachs analysts said in a recent note that they expect 120 IPOs this year, raising $160 billion, up from 61 deals last year.
‘Not that appetizing’
Class V Group’s Lise Buyer, who advises pre-IPO companies, isn’t seeing bustling activity within tech. The volatility in the public markets, particularly around software and its AI-related vulnerabilities, along with geopolitical concerns and soft employment numbers are some of the factors keeping venture-backed startups on the sidelines, she said.
“It’s not that appetizing out there right now,” Buyer said in an interview. “Things are better than they’ve been the last three years, but an overabundance of IPOs is unlikely to be a problem this year.”
That’s unwelcome news for venture capitalists, who have been waiting for an IPO resurgence since the market shut down in 2022 as inflation soared and interest rates rose. Certain venture firms, hedge funds and strategic investors have generated handsome profits from large acquisitions, including those disguised as acquihires and licensing deals, but startup investors historically need a healthy IPO market to keep their limited partners happy and willing to write additional checks.
There were 31 tech IPOs in the U.S. last year, more than the three years prior combined, though far below the 121 deals completed in 2021, according to data compiled by University of Florida finance professor Jay Ritter, who has long tracked the IPO market.
Greg Abbott, governor of Texas, left, and Sundar Pichai, chief executive officer of Alphabet Inc., during a media event at the Google Midlothian Data Center in Midlothian, Texas, US, on Friday, Nov. 14, 2025.
Jonathan Johnson | Bloomberg | Getty Images
Alphabet has shown that the debt market is extremely receptive to its fundraising efforts, for now at least. The bonds have varying maturity dates, with the first debt coming due in three years. Yields are narrowly higher than for the 3-year Treasury, meaning investors aren’t getting rewarded for risk.
In its U.S. bond sale, Alphabet priced its 2029 notes at a 3.7% yield and its 2031 notes at 4.1%.
John Lloyd, global head of multi-sector credit at Janus Henderson Investors, said spreads are historically tight across the investment grade landscape, which makes it a tough investment.
“We’re not worried about ratings downgrades, not worried about fundamentals of the companies,” Lloyd said. But in looking at potential for returns, Lloyd said he prefers higher-yield debt from some of the so-called neoclouds and the converted bitcoin miners that are now focused on AI.
After raising $20 billion in debt in the U.S., Alphabet immediately turned to Europe for roughly $11 billion of additional capital. A credit analyst told CNBC that Alphabet’s success overseas could convince other hyperscalers to follow, as it shows demand goes well beyond Wall Street.
Concentration risk?
With so much debt coming from a small number of companies, corporate bond indexes are faced with a similar issue as stock benchmarks: too much tech.
Roughly one-third of the S&P 500’s value now comes from tech’s trillion-dollar club, which includes Nvidia and the hyperscalers. Lloyd said tech is now about 9% of investment grade corporate debt indexes, and he sees that number reaching the mid to high teens.
Dave Harrison Smith, chief investment officer at Bailard, described that level of concentration as an “opportunity and a risk.”
“These are tremendously profitable cash flow generative businesses that have a great deal of flexibility to invest that cash flow,” said Smith, whose firm invests in equities and fixed income. “But the way we’re looking at it increasingly is the sheer amount of investment and capital that is being required is quite simply eye-popping.”
That’s not the only concern for the debt market.
White of BondCliQ says that with such a vast supply of debt hitting the market from the top tech companies, investors are going to demand stronger yields from everyone else. Increased supply leads to lower bond prices, and when bond prices fall, yields rise.
Alphabet’s sale was reportedly five times oversubscribed, but “if you supply this much paper into the marketplace, eventually demand is going to wane,” White said.
For borrowers, that means a higher cost of capital, which results in a hit to profits. The companies to look out for, White said, are those that have to come back to the market in the next couple years, when interest rates for corporate bonds are likely to be higher.
“It will cause much, much higher corporate debt financing across the board,” White said, specifying increased costs for companies like automakers and banks. “That’s a big problem down the line because it means higher debt servicing costs.”
— CNBC’s Seema Mody and Jennifer Elias contributed to this report.

Crypto World
developers, scaling, PitchFest , Hackathon
HONG KONG — CoinDesk wrapped up Consensus Hong Kong on Thursday with north of 11,000 attendees visiting booths and stages.
While day 1 focused on institutional projects and professional investor audiences, the second day concentrated on developers. Representatives of the Bitcoin, Ethereum and Solana communities all spoke to the challenge of scaling their networks and the tooling needed to support growing user bases.
World Liberty Financial, the crypto project linked to U.S. President Donald Trump and his family, is planning to start a foreign-exchange platform called World Swap, which co-founder Zak Folkman said will target cross-border transfers. World Swap will use the USD1 stablecoin and charge less than traditional remittance providers, which can impose a cost of up to 10% per transaction.
The institution-focused LayerZero blockchain will port over to Cardano, and the privacy-focused Midnight mainnet will go live next month, Input Output Global CEO Charles Hoskinson said on stage. In a question-and-answer session, he added that Midnight would not be targeting deeply committed privacy users who might use ZCash and Monero.
Binance co-CEO Richard Teng defended his company from accusations that it played an outsize role in the Oct. 10 liquidation event, which saw $19 billion worth of liquidations. Rather, macro shocks caused a broader market downturn, he said.
Consensus day 2 also saw zkME win the Consensus PitchFest and FoundrAI win the Easy A x Consensus Hackathon.
Both of these events will return on May 5-7, when CoinDesk hosts its flagship North American Consensus — this time in Miami.
Crypto World
Bitget Targets 40% of Tokenized Stock Trading by 2030
Bitget, the world’s largest Universal Exchange (UEX), today announced a major mobile app upgrade that puts crypto and traditional financial markets side by side on the homepage, reflecting how traders are increasingly moving between asset classes in one trading session. The release follows Bitget’s January rollout of TradFi trading, which expanded access to stock-linked products, FX, indices, commodities, and precious metals such as gold and silver, all settled in USDT.
Bitget’s tokenized TradFi thesis is that crypto is changing from its speculative traits to a rising global financial infrastructure. While annual stock trading is estimated at $100 – $130 trillion currently, it could reach $160 –$200 trillion by 2030, with a significant share of stocks, credit, funds, and commodities shifting onchain as Bitcoin strengthens its role in macro hedge portfolios.
As tokenized stocks increasingly route through crypto-market platforms, exchanges could facilitate roughly 20–40% of that flow; Bitget’s UEX strategy is to be a primary liquidity and distribution hub by expanding into tokenized stocks, FX, gold, and more with an internal base case of handling 40% of the tokenized stock activity roughly $15–$30 trillion in tokenized-stock trading volume by 2030.
Under the new layout, all crypto products including futures, spot, margin, onchain, and earn are consolidated under a unified “Trade” tab, reducing friction for active traders who move frequently between crypto assets. Simultaneously, a new, dedicated TradFi tab provides one-tap access to global markets such as gold, FX, indices, and stock perps and real-world asset tokens, eliminating the need to navigate multiple menus or workflows.
“Bitget is building for the trillion dollar migration. As regulation matures and institutions bring products like treasuries onchain, the direction is clear: crypto is turning into the settlement layer for everyday finance. Sooner than most people think, stablecoins and native assets won’t feel crypto at all, just backend infra working behind when people move value worldwide,” said Gracy Chen, CEO at Bitget.
That’s also why the product experience has been rebuilt around it, on Bitget TradFi is accessible within a click and a UI/UX flow cuts the total steps by around 30% versus typical industry journeys,” she added.
Bitget has successfully pivoted from a crypto-native exchange to the global liquidity hub for this migration. The platform has established itself as the dominant venue for tokenized equities. Bitget currently captures 89.1% of the global market share for Ondo’s tokenized stock tokens, reaching record daily volumes of $6 Billion in January 2026.
The upgraded app experience is now live globally.
For more information, please click here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
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