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Here’s How US Funding Certainty Calmed Markets and Lifted Bitcoin

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Here’s How US Funding Certainty Calmed Markets and Lifted Bitcoin


Bitcoin dipped to $72.8K during U.S. shutdown fears, then rebounded sharply after lawmakers passed a funding bill.

Bitcoin (BTC) slid to around $72,800 yesterday as U.S. lawmakers debated a stopgap funding package before rebounding once the House passed the bill on February 4, 2026, easing fears of a government shutdown.

The quick turnaround showed how closely crypto prices still track U.S. political risk, even when no blockchain-specific news is involved.

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Shutdown Fears Ripple Through Crypto

According to a February 4 post by on-chain analytics firm Santiment, the sell-off unfolded during U.S. trading hours while headlines pointed to a tight vote in the House. As uncertainty built, BTC quickly fell, triggering about $30 million in DeFi liquidations and mirroring a synchronized drop in the S&P 500 and even gold, an asset typically viewed as a safe haven.

This correlation indicates traders were reducing exposure to volatile assets broadly due to the political standoff, not crypto-specific news.

The concern centered on whether Congress would approve a roughly $1.2 trillion funding package to keep most federal agencies running through September 30. Failure would have led to a partial shutdown, delaying economic data and adding stress to an already cautious market.

The tense vote saw Republican divisions, with one representative voting against the bill due to foreign aid provisions.

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However, the bill ultimately passed, averting a shutdown and causing markets to respond with immediate relief. Bitcoin bounced from its lows, climbing over 5% within hours, and the S&P 500 also recovered. According to Santiment, the speedy recovery showed that fears of political dysfunction, rather than a fundamental reevaluation of Bitcoin’s value, were behind the earlier sell-off.

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Broader Pressures on Bitcoin’s Price

While the funding bill news provided a clear short-term catalyst, Bitcoin is still facing broader headwinds. Per data from CoinGecko, the asset is down nearly 14% in the last seven days and 17% for the month.

A recently published analysis from Galaxy Digital pointed to deteriorating on-chain metrics, with research head Alex Thorn noting that 46% of Bitcoin’s circulating supply is now “underwater,” meaning it was last moved at higher prices, which can increase selling pressure. He also pointed out that there was a lack of significant accumulation by large holders.

Furthermore, on February 3, reports that Iran was seeking to shift the format of nuclear talks with the U.S. contributed to another leg down in Bitcoin’s price, pushing it below $75,000 and burning at least $20 million worth of derivative positions.

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Additionally, some analysts like Doctor Profit have revised their downside targets, saying the cycle bottom could hit a range between $44,000 and $54,000. However, the key question is whether the resolution of the immediate U.S. political risk will be enough to reverse these negative technical and on-chain trends, or if BTC is still vulnerable to a deeper test of support.

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Crypto World

Metaplex Launches All-In-One App to Optimize Onchain Capital on Solana

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Crypto Breaking News

Editor’s note: Metaplex has introduced a new self-service application designed to simplify how tokens are launched on Solana. The Metaplex App aims to replace gated launchpads, custom-built infrastructure, and volatile bonding curve models with a standardized, permissionless interface for Token Generation Events. By lowering technical and structural barriers, the platform targets a broader range of issuers, including Web2 companies, institutions, and emerging AI-driven projects. The move reflects a broader shift in onchain capital formation, as tokenization continues to expand beyond crypto-native startups into more traditional and hybrid digital business models.

Key points

  • Metaplex launches a self-service app enabling permissionless token creation without coding expertise.
  • Projects can choose between structured “project tokens” and short-window “memecoin” launch formats.
  • Launch pools replace bonding curves, with anti-sniper protections to reduce bot and insider advantages.
  • At least 20% of sale proceeds are automatically allocated to locked liquidity pools.
  • The app includes a discovery and trading dashboard for participating in and tracking new launches.

Why this matters

As tokenization expands into new sectors, infrastructure that reduces complexity and perceived unfairness becomes critical. By standardizing launch mechanics and embedding liquidity and anti-bot protections, Metaplex is positioning itself as a foundational layer for capital formation on Solana. For builders and institutions exploring onchain fundraising, simplified tooling may lower entry barriers and accelerate adoption.

What to watch next

  • Adoption levels among Web2 companies and institutional projects launching tokens via the app.
  • Early performance and liquidity outcomes of tokens created through launch pools.
  • Integration of the app within the broader Solana ecosystem and SVM-based applications.
  • User activity within the discovery and trading hub as new launches go live.

Disclosure: The content below is a press release provided by the company/PR representative. It is published for informational purposes.

SAN FRANCISCO – February 24, 2026 – Metaplex, the protocol behind over 99% of all tokens and NFTs on Solana, today announced the launch of the Metaplex App, a new platform providing a full-stack, self-service solution for token launches. The application provides an alternative to gated ICOs and chaotic bonding curves, reducing friction for businesses, platforms, and asset classes to leverage the reliable, battle-tested Metaplex launch protocol for global capital formation. 

For years, onchain capital formation has been broken. Creators have been forced to choose between three flawed paths: investing heavy technical resources into custom infrastructure, applying for acceptance into exclusive, gated launchpads, or risking a launch on a bonding curve that often lacks control and favors insiders. The Metaplex App eliminates these barriers, offering a streamlined interface where anyone can create and launch tokens without coding knowledge. Metaplex allows any project, from Web2 companies and institutions to AI agents, to execute a professional Token Generation Event (TGE) permissionlessly.

“The next generation of breakout technology businesses and platforms will launch onchain, using tokens for capital formation and DeFi to deliver their products at scale.,” said Stephen Hess (@meta_hess), the founder of Metaplex and director at the Metaplex Foundation. “ Since 2021, Metaplex has powered 99% of asset creation on Solana, but accessing that infrastructure required deep technical expertise. By moving away from the application only model of traditional launchpads and removing the technical barriers to entry, we are providing every project, from Web2 institutions to AI agents, the ability to formulate capital onchain.” 

The Metaplex App is designed to serve as the foundational entry point for the next wave of global capital. Metaplex is clearing the path for Web2 companies, traditional financial institutions, and emerging AI agents to form capital onchain. This expansion moves the industry beyond speculation and enables a vast array of new asset classes to leverage tokens as a transparent, efficient vehicle for growth. For the first time, projects have a reliable alternative to the friction of traditional funding or the roadblocks native to existing onchain methods, allowing them to focus on building value rather than navigating infrastructure.

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Key features of the Metaplex App include:

  • Self-Service Token Creation: Projects can manage their own launch parameters with no technical skills required. The platform allows projects to choose between two distinct streams designed to scale with their project’s specific needs: project tokens or memecoins. Project tokens are optimized for long-term capital formation and feature higher minimum caps and extended launch pool windows, while memecoins leverage 1-hour launch pools and a lower minimum cap.
  • Anti-Sniper Protection: By utilizing launch pools, the app removes the vulnerabilities of bonding curves and the traditional “first-come, first-served” advantages of presales, the platform prevents bots and front-runners from hijacking the initial supply.
  • Automated Liquidity: To ensure immediate tradability and long-term health, a minimum of 20% of sale proceeds are automatically locked into liquidity pools.
  • Discovery & Trading Hub: A central dashboard for users to discover upcoming launches, participate in active pools, and trade tokens launched on Metaplex.

With over 22 million fungible tokens and nearly 1 billion total assets created to date, Metaplex is reshaping onchain capital formation on Solana. For more information, visit Metaplex.com.

ABOUT METAPLEX

Metaplex is the standard for asset creation on one of the largest blockchain ecosystems in the world. The Metaplex App allows users to discover, trade and launch tokens, while Metaplex asset standards power the largest stablecoins, RWAs, DEXes, launchpads, wallets and other apps on Solana and the Solana Virtual Machine (SVM).

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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FG Nexus Offloads $14M in ETH as Corporate Ethereum Treasuries in Pain

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Cryptocurrencies, Ethereum, Bitcoin Price, MicroStrategy, Institutions

FG Nexus, a publicly listed Ethereum treasury and infrastructure company, liquidated another chunk of its Ether treasury on Tuesday, offloading 7,550 ETH worth roughly $14 million.

The latest sale adds to a series of disposals that have locked in more than $80 million in losses on a position built near Ether (ETH) 2025 highs. 

Onchain data from Arkham shows that the firm accumulated 50,770 ETH worth around $196 million between August and September 2025 at an average price of $3,860 per coin.

On Oct. 22, the company doubled down on its ETH accumulation strategy, announcing its intention to sell its Quebec property to accumulate more ETH.

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Cryptocurrencies, Ethereum, Bitcoin Price, MicroStrategy, Institutions
FG Nexus sells 7,550 ETH. Source: Arkham

As the market turned and the ETH price fell from its October highs of over $4,600 per coin to around $2,700 in November, the company began selling.

FG Nexus has offloaded just over 21,000 ETH for about $55 million, and netted a loss of over $80 million.

The company has also seen its share price for FGNX drop roughly 52% over the past month. 

Cryptocurrencies, Ethereum, Bitcoin Price, MicroStrategy, Institutions
FG Nexus share price takes a beating. Source: Google Finance

FG Nexus remains one of the largest publicly traded owners of ETH, with holdings of 37,594 ETH, according to Arkham.

ETH treasury companies under fire

FG Nexus isn’t alone in feeling the pain from an Ether downturn that has left many large corporate treasuries deeply underwater.

Bitmine Immersion Technologies, by far the largest listed ETH holder with 4,422,659 ETH on its books, is sitting on paper losses estimated at around $8.8 billion as Ether trades well below its average acquisition price, even as the company continues to add to its stash

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Related: ETHZilla liquidates $74.5M in Ether to redeem convertible debt

Peter Thiel’s Founders Fund exited its stake in Ethereum treasury firm ETHZilla entirely last week, with ETHZilla’s stock now down about 97% from its all‑time high, as equity markets punish aggressive Ether‑heavy strategies, with other companies actively unwinding.

Trend Research spent February slashing its Ether position on Binance, selling 651,757 ETH for about $1.34 billion on Feb. 8, and locking in an estimated realized loss of around $747 million.

Bitcoin treasury plays feel the heat

The strain on crypto treasury plays is not limited to Ethereum. On Feb. 20, Bitcoin (BTC) treasury company Metaplanet came under fire from shareholders, accusing the company of hiding losses and key details of its Bitcoin bets.

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Despite continued BTC purchases throughout February, on Wednesday, the largest listed owner of BTC, Strategy, became the most-shorted large-cap US stock according to data from Goldman Sachs, as hedge funds turned bearish on Saylor’s highly leveraged, Bitcoin‑centric balance sheet model.

Magazine: Bitcoin’s ‘biggest bull catalyst’ would be Saylor’s liquidation — Santiment founder