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IBM Stock Just Had Its Worst Day Since 2000 – Jefferies Says Buy the Dip

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IBM Stock Card

TLDR

  • IBM stock has dropped 28.6% in under a month, falling from $312.95 to $223.35
  • The selloff was triggered by Anthropic highlighting COBOL functionality in Claude Code, raising fears AI could erode IBM’s legacy business
  • Jefferies analyst Brent Thill maintained a Buy rating with a $370 price target, calling the dip a buying opportunity
  • IBM’s watsonx Code Assistant for Z has been available since Q4 2023 and already converts COBOL to Java using generative AI
  • IBM announced a new partnership with Deepgram, making it the first voice partner integrated into watsonx Orchestrate

IBM stock has had a rough few weeks. It has fallen 28.6% in less than a month, dropping from $312.95 on February 2 to $223.35, putting it near its 52-week low.

The single biggest blow came when the stock dropped 13% in one day — its largest single-day decline since 2000.

The catalyst was a blog post from Anthropic. The AI company highlighted COBOL functionality in its Claude Code platform, pointing out that hundreds of billions of COBOL lines remain active across finance, airlines, and government sectors.

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IBM Stock Card
International Business Machines Corporation, IBM

That spooked investors. IBM has long been a key player in COBOL-dependent systems like payment processing and financial infrastructure. The fear: AI could reduce demand for IBM’s legacy COBOL services.

The broader selloff also reflects a market-wide shift away from legacy tech, with investors moving toward quantum computing startups and high-yield bonds.

Jefferies Holds Its Ground

Not everyone is running. Jefferies analyst Brent Thill pushed back on the panic, arguing IBM is “already disrupting itself.”

Thill pointed to IBM’s watsonx Code Assistant for Z, which has been generally available since Q4 2023. The tool uses generative AI to convert COBOL into Java, interpret production code, and update legacy applications.

He argues this gives IBM a structural edge over general-purpose AI coding tools, which lack native access to mainframe data and operational context.

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Thill also noted that IBM is building for a “multi-model, agentic world” by partnering with Anthropic, OpenAI, and others — meaning the very companies seen as threats are also partners.

He called the selloff a “near-term sentiment overhang on legacy services rather than an existential or structural risk” and maintained his Buy rating with a $370 price target, implying 66% upside from current levels.

Eleven other analysts share his bullish view. Five analysts have a Hold rating and one has a Sell, giving IBM a Moderate Buy consensus. The average price target sits at $337.53, pointing to roughly 51% upside over 12 months.

IBM Adds Voice AI Partner

On the same day, IBM announced a collaboration with Deepgram, making it IBM’s first voice AI partner.

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Deepgram’s speech-to-text and text-to-speech technology will be embedded into IBM’s watsonx Orchestrate platform, allowing users to interact with AI agents using natural speech.

The integration supports multiple languages and dialects, including Arabic and Indian variants, and targets use cases in customer care, call analysis, and voice-driven data entry in healthcare and finance.

IBM’s P/E ratio currently sits at 20.3, and at least one analysis flags the stock as undervalued relative to its fair value.

Historically, IBM has only seen one comparable dip of 30% or more in under 30 days since 2010. Following that event, the stock posted a peak recovery of 42% within 12 months.

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How to Buy Pepeto (PEPETO) in 2026: 5 Easy Steps Before the 100x Window Closes Forever

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How to Buy Pepeto (PEPETO) in 2026: 5 Easy Steps Before the 100x Window Closes Forever

You can buy Pepeto in five simple steps: visit the official presale website at pepeto.io, set up a crypto wallet, deposit or buy crypto for payment, select the amount of PEPETO you want, and confirm the purchase. That is all it takes to get in before exchanges list this token and the presale price disappears.

This guide explains in full detail how to buy Pepeto before its presale ends, how the meme coin infrastructure platform works, and why analysts project 100x or more from the current price of $0.000000185.

Pepeto is only available through the official presale at pepeto.io. It is not listed on any exchange, DEX, or trading platform. Any token you see on Uniswap, PancakeSwap, or DEXTools using the Pepeto name is fake. The real PEPETO token does not exist on chain yet. It will only become tradable after the presale closes and the Token Generation Event takes place.

This is important because the presale has raised over $7.3 million and is more than 70% filled. Once it closes, the current price of $0.000000185 is gone permanently. The only safe place to buy Pepeto is pepeto.io.

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How to buy Pepeto: step by step guide

Step 1: Set up a crypto wallet

Download MetaMask or Trust Wallet on your phone or browser. Create a new wallet and write down your recovery phrase on paper. Store it somewhere safe and never share it with anyone.

Step 2: Fund your wallet with ETH, USDT, or BNB

The Pepeto presale accepts ETH, USDT, and BNB. You can also pay with a credit card directly on the website. Send crypto from Coinbase or Binance to your wallet address. Keep a small amount for gas fees.

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Step 3: Go to pepeto.io and connect your wallet

Visit pepeto.io and click “Connect Wallet.” Select your wallet provider and approve the connection. Always double check the URL before connecting.

Step 4: Choose your investment amount

Enter the amount you want to spend. The dashboard shows exactly how many PEPETO tokens you will receive. There is no minimum investment.

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Step 5: Confirm and stake your tokens

Click “Buy” or “Buy and Stake” to start earning 212% APY immediately. Approve the transaction in your wallet. Tokens are claimable after the Token Generation Event.

What is Pepeto and why is it projected for 100x?

Pepeto is not just another meme coin. It is the first dedicated trading infrastructure platform built for the $45 billion meme coin economy. Three working demo products are live right now at pepeto.io. A cross chain swap lets traders move meme coins between networks. A blockchain bridge connects different chains. And a zero fee decentralized exchange saves money on every trade.

SolidProof and Coinsult both completed independent security audits. Zero percent tax on every buy and sell. The project traces back to an original Pepe Coin cofounder who watched $PEPE hit $7 billion with zero products and decided to build what the market was missing. A confirmed Binance listing is approaching.

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At $0.000000185, a 100x needs just $50 million market cap. SHIB reached $40 billion with zero infrastructure. DOGE hit $90 billion on tweets alone. The math is simple. The window is now.

Is Pepeto safe to buy?

SolidProof and Coinsult both audited the smart contract with no critical issues found. Zero tax on every transaction. Standard Web3 wallet connections with no KYC required.

The bottom line on buying Pepeto

The Pepeto presale is simple to join. Connect a supported wallet and buy PEPETO with ETH, USDT, BNB, or credit card at $0.000000185. There is no minimum purchase. Staking currently offers 212% APY, which adds serious value on top of the projected 100x from presale to exchange listing. Over $7.3 million raised and 70% filled. Once the presale closes, this price is gone forever.

Click To Visit Official Website To Buy Pepeto

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FAQs

How to buy Pepeto in 2026?

Visit pepeto.io, connect MetaMask or Trust Wallet, fund with ETH, USDT, BNB, or credit card, select the amount, and confirm. Pepeto is only available through the official presale website.

Where can I buy Pepeto tokens?

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Pepeto can only be purchased at pepeto.io during the presale. It is not on any exchange. Any PEPETO token appearing on exchanges or DEXs is fake and not connected to the real project.

Is Pepeto a good investment in 2026?

At $0.000000185 with three working demos, dual audits, 212% APY staking, and a confirmed Binance listing ahead, Pepeto offers 100x math to just $50 million market cap. The presale is 70% filled.


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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U.S. demand turns negative for a record 40 days as “bitcoin zero” searches peak

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(Coinglass)

The well-followed Coinbase Bitcoin Premium Index briefly looked like it was recovering after the Feb. 5 crash. It wasn’t.

The premium has now been negative for 40 consecutive days, according to Coinglass data, setting the longest streak of sub-zero readings since 2023. The current reading sits at -0.0467%, barely changed from two weeks ago, when a sharp narrowing from -0.22% suggested U.S. buyers had stepped in near the lows.

(Coinglass)

The index measures the price gap between bitcoin on Coinbase and the global market average. Coinbase is widely used as a proxy for U.S. institutional and dollar-denominated flows, so a persistent negative reading means American investors are consistently paying less than the rest of the world — either selling more aggressively or simply not showing up.

The previous record was roughly 30 days of continuous negative premium during the October 2025 drawdown. That streak broke when a sharp bounce brought U.S. buyers back into the market. This time, the bounce came, as bitcoin recovered as much as 15% from its Feb. 5 intraday low. But the premium never followed.

That divergence shows that while price recovered, the composition of demand didn’t. Whatever buying drove bitcoin back above $62,000 came from outside U.S. hours, outside Coinbase’s order books, or both.

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The one constructive read is that the premium has been gradually less negative since early February, creeping from -0.22% back toward -0.05%. It’s improving, just not fast enough to flip positive, a threshold that historically coincides with sustained accumulation phases rather than relief rallies.

Interestingly, Google searches for “bitcoin zero” in the U.S. hit record highs earlier this month, as CoinDesk reported, even as global search interest for the term remained flat.

Both signals point to American investors specifically losing conviction at a pace that hasn’t shown up elsewhere.

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Fed proposes rule to deal with crypto debanking by scrapping ‘reputation risk’

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Fed proposes rule to deal with crypto debanking by scrapping 'reputation risk'

Days after JPMorgan Chase & Co. admitted to debanking President Donald Trump after the Jan. 6, 2021 attack on the Capitol, the Federal Reserve seeks comments on its proposal that would stop government supervisors from pushing banks to sever ties with lawful customers based on their activities, including crypto companies.

“We have heard troubling cases of debanking — where supervisors use concerns about reputation risk to pressure financial institutions to debank customers because of their political views, religious beliefs or involvement in disfavored but lawful businesses,” including cryptocurrency, said Vice Chair for Supervision Michelle W. Bowman.

“Discrimination by financial institutions on these bases is unlawful and does not have a role in the Federal Reserve’s supervisory framework,” she added.

The Office of the Comptroller of the Currency, in its capacity as the supervisor of national banks, had already moved to cut reputational factors from its supervision last year, and the Federal Reserve had similarly announced in July that such risk would no longer be a part of its bank examinations, so this rule process would codify that move.

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Crypto debanking has been well documented and freely acknowledged by banking regulators appointed by Trump, though new examples continue to emerge. In a response to a lawsuit filed last month by Trump and the Trump Organization, JPMorgan, the nation’s largest bank, said for the first time that it cut off more than 50 Trump accounts in February 2021. JPMorgan did not specify a reason for closing the accounts. On Nov. 23, 2025, Jack Mallers, CEO of crypto payments company Strike, wrote a social media post that immediately went viral, saying JPMorgan closed all his accounts without cause.

In a Jan. 26 memo to the Board of Governors, the Fed’s staff wrote that the board’s proposal would “codify the removal of reputation risk from the Board’s supervisory programs” and prohibit the Fed from “encouraging or compelling” banks to deny or condition services to customers involved in “politically disfavored but lawful business activities.”

In the proposal, the Fed Board said it intends to include “permitted payment stablecoin issuers” within its definition of covered banking organizations after completing separate rulemakings, a move that could directly affect crypto-native firms seeking access to the banking system.

The Fed said comments on its proposal to remove reputation risk from its supervision of banks are due in 60 days from Feb. 23.

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Ether Whale Orders Shrink as $2B Short Cluster Sits Near $2K

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Cryptocurrencies, Business, Ethereum, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Ether Price

Ether (ETH) whale activity on a major exchange has slowed since the start of 2026, with roughly 2 million ETH traded in large-sized transactions over the past 45 days.

ETH is currently in the midst of its worst weekly losing streak since 2022, with exchange flow trends and futures market liquidation data impacting investor expectations for Ether’s short and long-term price direction in the broader market.

Ether whale order size hints at fading participation

CryptoQuant data shows that the average ETH whale sell orders on Binance have fallen to around 1,350 ETH in recent weeks, down from roughly 2,250 ETH in early January. Assuming 15 to 35 whale-sized executions per day, the cumulative gross sell-side turnover since Jan. 8 is estimated at around 1.8 to 2 million ETH over the past 45 days.

Cryptocurrencies, Business, Ethereum, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Ether Price
ETH Average order size on Binance (whale left). Source: CryptoQuant

Using an average price of $2,400, this activity equates to roughly $4.3 billion to $4.8 billion in large-order executions. The figure reflects gross traded volume, not confirmed net outflows, as part of the flows may relate to hedging or liquidity provision within the derivatives market.

Crypto analyst Darkfost said the decline in the average order size points to a “gradual disengagement” from larger participants. According to the analyst, smaller traders continue to transact at stable volumes, while bigger players are reducing direct interaction with the order books.

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This shift indicates a temporary thinning of market depth. With fewer large resting orders, ETH’s capacity to absorb sharp price imbalances narrows in the short term.

Parallel to exchange flows, ETH accumulation addresses added more than 2.5 million ETH in February as the price fell about 20%. Total holdings climbed to 26.7 million ETH from 22 million at the start of 2026, signaling steady demand beneath the surface.

Related: Ethereum price drops to $1.8K as data suggests ETH bears are not done yet

Will Ether break its longest bearish streak since 2022?

Ether is now in its sixth straight week of losses, marking the longest uninterrupted weekly decline since the 10-week drawdown between March 2022 and June 2022. That earlier stretch unfolded during a broader bear market and led to a cycle bottom before price stabilized.

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Cryptocurrencies, Business, Ethereum, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Ether Price
Ether one-week analysis. Source: Cointelegraph/TradingView

While the current pullback is not as long, the streak highlights sustained selling pressure and weakening momentum on the higher timeframe.

Historical market cycle data suggests that if the decline continues, a broad weekly demand zone between $1,384 and $1,691 may come into focus, an area that previously acted as accumulation during the early stages of the rally in 2023.

Futures market liquidation data shows more than $2 billion in short positions clustered around $2,000. This creates a dense liquidity pocket that may act as the near-term magnet for Ether price.

On the downside, approximately $682 million in long positions remain at risk if Ether drops to $1,600, indicating thinner liquidity compared to the upside cluster.

Crypto trader RickUntZ said he still sees potential for a V-shaped rebound from current levels, citing signs of underlying demand in the current structure. For now, data suggests that the $2,000 liquidation band remains the next key resistance to break.

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Cryptocurrencies, Business, Ethereum, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Ether Price
Ether analysis by RickUntZ. Source: X

Related: Ethereum Foundation starts staking ETH as client diversity concerns persist