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Cipher Digital (CIFR) sinks premarket after revenue miss, bets big on hyperscale future

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Cipher Digital (CIFR) sinks premarket after revenue miss, bets big on hyperscale future

Cipher Digital (CIFR) shares fell about 5% in premarket trading after the company reported fourth-quarter results that missed Wall Street expectations and highlighted its shift away from bitcoin mining and toward high-performance computing (HPC) data centers.

The company, formerly known as Cipher Mining, reported fourth-quarter revenue of $60 million, below analyst estimates of $84.4 million. Adjusted earnings per share came in at a loss of $0.14, wider than the forecast loss of $0.06. Cipher posted an adjusted net loss of $55 million for the quarter.

Management pointed to 2025 as a transformative year as it pivots away from bitcoin mining and toward long-term HPC infrastructure. During the quarter, Cipher secured 600 megawatts of contracted capacity, including a 15-year, 300 megawatt (MW) lease with Amazon Web Services and a 10-year, 300 MW lease with Fluidstack and Google.

The company also raised $3.73 billion through three senior secured bond offerings to finance construction at its Barber Lake and Black Pearl data center projects, both of which remain on schedule.

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Cipher divested its 49% stakes in three mining joint ventures for about $40 million in stock, further simplifying its structure as it transitions to a data center-focused business model.

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ZachXBT Insider Trading Report Targets Major Crypto Firm in 2 Days

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ZachXBT

A major shake up could be coming as on chain investigator ZachXBT says he will publish a full insider trading exposé on February 26, targeting what he calls a major industry player tied to systemic market abuse.

Traders are not waiting. Prediction market volume around the target’s identity has surged toward $3M as participants hedge for potential fallout.

Right now, odds point toward names like Solana based liquidity protocol Meteora and the Trump backed World Liberty Financial as leading suspects.

Key Takeaways

  • $6 Million Prediction Market Volume: Trading activity on the ZachXBT investigation market has surpassed $5.6 million as speculators attempt to price in the target’s identity.
  • Meteora at 43% Odds: The Solana-based liquidity layer is currently the betting favorite to be named in the report, followed by infrastructure provider Axiom.
  • Systemic MNPI Abuse: The investigation alleges that multiple employees exploited Material Non-Public Information to execute profitable trades over a prolonged period.

What Is the ZachXBT MNPI Investigation?

ZachXBT, known for tracing illicit crypto flows, says a major report is coming on February 26. The target is described as one of the industry’s most profitable firms, with allegations that insiders traded on material non public information to front run announcements.

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The case reportedly began with a January Telegram exchange where wallet addresses tied to a firm’s treasury were shared, showing accumulation before public news. That kind of on chain trail can be hard to dismiss and often draws regulatory attention.

ZachXBT’s track record adds weight. Past investigations have led to frozen funds and law enforcement action. That is why traders see February 26 as a binary event. Either the evidence is strong enough to trigger serious fallout, or the accused project walks away under heavy scrutiny.

Prediction Markets Hit $3M as ZachXBT Odds Shift to Meteora

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Speculators are already trading on the rumor. On Polymarket, volume on the “Which crypto company will ZachXBT expose?” contract is nearing $6M. Meteora leads with around 42% odds, followed by Axiom at 15% and Pump.fun near 9%.

ZachXBT
Source: Polymarket

The sharp jump in Meteora’s probability, while others like Jupiter and MEXC lag in single digits, shows concentrated conviction. Big names like Tether, Binance, and Coinbase are listed, but with low odds.

Still, prediction markets price belief, not proof. They reflect positioning and sentiment ahead of confirmation.

Why Meteora Is the Leading Suspect in the MNPI Probe

Meteora has emerged as the top suspect because it fits the profile of a highly profitable Solana based liquidity protocol with access to sensitive incentive data.

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Onchain analysts have flagged wallet clusters interacting with its pools that appear to position ahead of yield adjustments, fueling speculation of potential MNPI abuse.

If confirmed, the fallout could ripple across the Solana ecosystem, especially if aggregators and routing platforms distance themselves quickly.

WLFI remains a lower probability but higher impact scenario. Its political ties raise the stakes, and any confirmed insider trading linked to a Trump affiliated project would likely draw immediate regulatory scrutiny. While markets see Meteora as the base case, WLFI represents a volatile tail risk.

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If ZachXBT’s report delivers clear wallet attribution, the targeted token could see a sharp downside within minutes. Until then, prediction market volume reflects positioning, not proof.

Discover: Here are the crypto likely to explode!

The post ZachXBT Insider Trading Report Targets Major Crypto Firm in 2 Days appeared first on Cryptonews.

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Fed’s Goolsbee calls for a hold on cuts as current rate of inflation is ‘not good enough’

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Fed Gov. Waller: Supreme Court ruling on tariffs may have positive impact on spending, investment

Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Tuesday, Feb. 24, 2026.

Graeme Sloane | Bloomberg | Getty Images

Chicago Federal Reserve President Austan Goolsbee said Tuesday that interest rate cuts aren’t appropriate until there’s more evidence that inflation is on its way down.

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With recent indicators showing that inflation well off its highs but still above the Fed’s 2% target, Goolsbee noted that policymakers “have been burned by assuming transitory inflation” in the past and shouldn’t make the same mistake again.

“I feel that front-loading too many rate cuts is not prudent in that circumstance,” he said in remarks before the National Association for Business Economics at its annual gathering in Washington, D.C. “People express that prices are one of their most pressing concerns. Let’s pay attention. Before we cut rates more to stimulate the economy, let’s be sure inflation is heading back to 2%.”

The most recent inflation data, for December, showed core inflation, which excludes volatile food and energy prices, running at 3%, as measured by the consumption expenditures price index, the Fed’s primary forecasting gauge. That was up 0.2 percentage point from November and came somewhat due to tariffs, which are viewed as temporary, but also from underlying pressures in the service sector and areas not directly impacted by the duties.

Specifically, Goolsbee said stubbornly high housing inflation isn’t tariff driven, emphasizing the need for the Fed to be “vigilant.”

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Goolsbee noted that a 3% inflation rate “is not good enough — and it’s not what we promised when the Federal Reserve committed to the 2% target. Stalling out at 3% is not a safe place to be for a myriad of reasons we know all too well.” He has said previously that he thinks the Fed will be able to cut later in the year.

The remarks come with markets expecting the Federal Open Market Committee, of which Goolsbee is a voter this year, to stay on hold until at least June and probably July. Futures traders are placing about a 50-50 chance of a cut in June and about a 71% probability of a July cut, according to the CME Group’s FedWatch gauge. The Fed enacted three quarter-percentage-point cuts in the latter part of 2025.

Fed Governor Christopher Waller, who has been an advocate for lower rates, took a more measured approach Monday while also speaking to the NABE conference.

Though Waller said he thinks policymakers should “look through” tariff impacts, he said recent data show the labor market may be in better shape than previously indicated, mitigating the need for further cuts. If the jobs picture continues to improve, that would further lessen the case for cuts, though he said he isn’t convinced that the January nonfarm payrolls data wasn’t “more noise than signal.”

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Tuesday will be an active day Fed speakers, with Governor Lisa Cook also due to present to the NABE later in the morning.

Fed Gov. Waller: Supreme Court ruling on tariffs may have positive impact on spending, investment

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What Past Cycles Say Happens Before the Bottom

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What Past Cycles Say Happens Before the Bottom

Bitcoin price dropped 25% in 2022 and 50% in 2018 after similar on-chain loss signals, a warning sign for BTC’s next move.

Bitcoin (BTC) traders are selling at a loss for the first time since 2022, raising odds that the biggest cryptocurrency’s ongoing price correction may deepen in the coming weeks.

Key takeaways:

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  • Bitcoin is witnessing loss-driven selling that has historically lasted six months or more.

  • These signals surfaced during previous bear markets, preceding sharp downtrends each time.

BTC capitulation may last for another six months

On Monday, Bitcoin’s realized profit/loss ratio (90-day moving average) slipped below 1.

The drop indicated that traders were dumping their BTC holdings at a loss, which is often linked to panic selling, margin pressure, or broader risk-off conditions.

BTC realized profit/loss ratio (90-day moving average). Source: Glassnode

Historically, breaks below 1 preceded at least six months of loss realization, according to on-chain data resource Glassnode. Meanwhile, a move back above 1 usually suggests that selling pressure is easing.

Traders often sell at a loss when they expect the downtrend to continue. In prior bear markets, loss-taking typically accelerated midway through the cycle, followed by more downside in Bitcoin’s price.

During the 2022 bear market, for instance, BTC declined 25% six months after its realized profit/loss ratio dropped below 1. In 2018, it plunged by over 50% in five months under similar conditions, as shown below.

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BTC realized profit/loss ratio (90-day moving average). Source: Glassnode

The BTC price may continue its downtrend for another five months or more if history repeats. That will confirm “a full transition into an excess loss-realization regime,” Glassnode wrote.

Bitcoin price may bottom around $44,000

Bitcoin’s rising loss-realization may, therefore, drag the BTC price into its “extreme low” valuation zones.

These lows exist within the MVRV Pricing Bands metric, which maps where Bitcoin reaches extreme unrealized profit or loss zones. Historically, its lowest band (the blue line) has coincided with Bitcoin bear market bottoms.

BTC MVRV pricing bands. Source: Glassnode

As of February, the extreme low was around $43,760, a potential downside target by August if BTC’s price decline continue further.

Related: Bitcoin’s Mayer Multiple hits 2022 levels: Where is BTC price bottom?

The level also sits within the broader $40,000–$50,000 bottom range flagged by multiple analysts as a potential late-2026 target.

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