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Kyndryl (KD) Stock Plummets 53% After Delayed Filing and CFO Departure

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KD Stock Card

TLDR

  • Kyndryl (KD) stock tanked 53% to $11.05 after company delayed filing quarterly report over internal control problems
  • Material weaknesses in financial reporting controls identified across fiscal 2025 and first half of fiscal 2026
  • CFO David Wyshner and Global Controller Vineet Khurana departed, both replaced with interim executives
  • Company reduced fiscal 2026 revenue forecast to -2% to -3% year-over-year on constant currency basis
  • Shares touched 52-week low of $10.82, extending 12-month decline to 46% before Monday’s crash

Kyndryl stock suffered a devastating blow Monday, plunging 53% to $11.05. The IT services company delivered a trifecta of bad news that sent investors running for the exits.


KD Stock Card
Kyndryl Holdings, Inc., KD

The company announced it would delay filing its December quarter report. Internal control weaknesses over financial reporting forced the postponement.

These aren’t isolated problems. The material weaknesses stretch back through all of fiscal year 2025 and the first two quarters of fiscal 2026.

Kyndryl tried to calm nerves by saying financial statements won’t be affected. The company claims balance sheets, income statements, and cash flows remain accurate.

Wall Street wasn’t buying it.

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Financial Leadership Vanishes Overnight

CFO David Wyshner walked out the door effective immediately. His sudden exit raised questions about what’s really happening behind the scenes.

Harsh Chugh took over as interim CFO. He currently serves as global head for corporate development and administration. Previous experience as Chief Operating Officer helps, but investors want permanent leadership.

Global Controller Vineet Khurana also left his position. That’s two top finance executives gone in one announcement.

Bhavna Doegar stepped up as interim corporate controller. She previously held the senior vice president of Finance and Strategy role.

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When pressed about whether these exits connected to the accounting problems, Kyndryl refused to comment. The company’s silence only fueled more speculation.

Revenue Outlook Takes Major Hit

Kyndryl released third quarter earnings alongside brutal revised guidance. Fiscal 2026 revenue now expected to fall 2% to 3% on a constant currency basis.

Extended sales cycles drove the downgrade. Deals are taking longer to close across the business.

Kyndryl Consult, one of the company’s fastest-growing segments, saw particularly stretched deal timelines. Legacy IBM contracts from before the spinoff continue creating headwinds.

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Oppenheimer analyst Ian Zaffino responded swiftly. He downgraded Kyndryl from Outperform to Perform and removed his price target completely.

The downgrade cited the shift in business dynamics and increased uncertainty from the CFO departure. Extended sales cycles in key growth areas added to concerns.

Shares hit a 52-week low of $10.82 during Monday’s rout. The stock had already fallen 46% over the previous 12 months.

Trading metrics show a P/E ratio of 13.91 and beta of 1.93, reflecting high volatility. Gross margins of 21.4% lag industry peers.

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The company now faces extended uncertainty while working through accounting issues and filling two critical finance positions with permanent hires.

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3 Top Cryptos to Hold for the Coming Market Rebound

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3 Top Cryptos to Hold for the Coming Market Rebound

The crypto market seeks sturdy projects for its next upswing. Shiba Inu (SHIB) and Solana (SOL) show recent strain but modest potential, but a new decentralized finance contender, Mutuum Finance (MUTM), presents a grounded alternative. With its ongoing presale already raising $20,400,000 and attracting 18,980 holders, MUTM offers tangible utility and a structured growth path. For instance, a $250 commitment at the current Phase 7 price of $0.04 could grow 25x within weeks based on its launch and post-listing trajectory, framing it as a calculated entry for the anticipated rebound.

Shiba Inu’s Uphill Struggle

Shiba Inu (SHIB) currently trades around $0.000006, reflecting a steep 60% decline from its 2021 peak. The token faces significant resistance levels, with analysts warning of a potential further 20% drop if key support fails. Its primary driver remains community sentiment and meme culture, lacking the foundational utility and revenue models that define sustainable DeFi projects. This reliance on hype over substantive mechanics makes it a speculative and riskier hold compared to protocols with clear economic functions.

3 Top Cryptos to Hold for the Coming Market Rebound

Solana’s Technical Pressure

Solana (SOL) is experiencing pronounced bearish pressure, having broken below crucial support at $100 and $95. Recent data shows notable ETF outflows and large-scale sell-offs by major holders, contributing to a weak technical structure.

While its ecosystem possesses long-term innovation potential, the current convergence of leveraged shorting and whale distribution creates significant near-term headwinds. Investors seeking stability during a rebound may find its present volatility unappealing compared to projects in earlier, more predictable growth phases. Thus Solana is not a leader in the top cryptos to hold.

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3 Top Cryptos to Hold for the Coming Market Rebound

Mutuum Finance’s Structured Ascent

Mutuum Finance distinguishes itself with a real application as a live lending protocol on testnet. Its presale is a core feature, demonstrating impressive momentum. The project is currently in Phase 7, offering tokens at $0.04—a 300% increase from Phase 1. This phase is selling out rapidly, after which Phase 8 will begin at $0.045. 

Buying now provides immediate gains after the planned $0.06 launch price. Furthermore, analysts project prices could reach $1 following exchange listings. This 25x forecast is supported by an in-demand presale, a live successful testnet launch showcasing how the protocol works. These aspects make MUTM a prime candidate for the next crypto to explode.

3 Top Cryptos to Hold for the Coming Market Rebound

Dual-Model Lending for Real Yield

The protocol’s operational engine is its dual lending system, generating actual yield. The Peer-to-Contract (P2C) model lets users earn passive income by depositing assets like ETH into shared pools. For example, supplying 2 ETH could yield up to 10% APY annually, creating profit without selling the original asset.

Simultaneously, the Peer-to-Peer (P2P) market facilitates direct loans for niche tokens. Lenders and borrowers agree on loan terms without third-party involvement, which could mean an even higher yield, e.g. 15% APY on an asset. This dual approach ensures the platform serves a wide range of assets and risk appetites, creating multiple demand streams for the MUTM token within its economy.

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Revenue Sharing and Incentive Alignment

Another of MUTM’s key pillars is the buy-and-redistribute mechanism, which directly ties user profit to protocol success. A portion of all platform fees automatically purchases MUTM from the open market, distributing these tokens to users who stake their mtTokens in the protocol’s safety module.

This creates a powerful feedback loop: as platform usage grows, fee revenue increases, leading to larger MUTM buybacks and greater rewards for stakers. It transforms every participant into a long-term stakeholder, with the potential for regular dividend-like rewards alongside asset appreciation making MUTM likely the next crypto to explode.

A Foundation for Sustained Growth

Mutuum Finance is built for longevity. Its code has been audited by  Halborn Security, a critical step that mitigates risk and builds trust, and a stark contrast to projects launched without such scrutiny. The fixed total supply of 4 billion tokens, with 45% allocated to the presale, means no future inflation will dilute holder value. 

Combined with active community initiatives like the $100,000 giveaway and a daily $500 MUTM leaderboard bonus, the project fosters both security and vibrant participation. For investors, this combination of defensive traits and aggressive growth incentives makes MUTM a standout candidate for capitalizing on the next market cycle.

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Mutuum Finance merges an immediate presale opportunity with long-term protocol economics. While other assets grapple with volatility and speculative pressure, MUTM offers a clear path grounded in utility and shared success. Investors positioning for the rebound will find its blend of early access, yield generation, and structured tokenomics compelling.

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance

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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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Wintermute warns AI-fueled liquidity drain is suffocating Bitcoin

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Wintermute warns AI-fueled liquidity drain is suffocating Bitcoin

Wintermute says AI stocks are siphoning liquidity from crypto, leaving Bitcoin stuck in high‑volatility, low‑spot demand price discovery as U.S. selling and ETF outflows bite.

Bitcoin’s latest lurch lower is no mystery: liquidity is bleeding into the AI trade, and the crypto market is being left to dance on thinning ice.

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Macro rotation and Wintermute’s warning

Market maker Wintermute notes that Bitcoin “briefly fell to $60,000 last Monday, erasing all gains since Trump’s election,” as spot flows reveal “significant structural pressure.” The firm highlights that the “Coinbase premium has consistently been in a discount state… since last December, indicating ongoing selling pressure from the U.S.,” while internal OTC data shows “U.S. counterparties were the main sellers throughout the week,” a trend “amplified by continuous ETF fund redemptions.”

Wintermute argues that “over the past few months, AI‑related assets have been continuously absorbing available market funds, crowding out the allocation space for other asset classes,” with crypto underperformance largely explained by “the rotation of funds towards the AI sector.”

High‑volatility price discovery

Last week’s action resembled a “surrender‑style clearing, with volatility soaring and buying support emerging at $60,000,” Wintermute observes, adding that “in an environment where spot trading remains relatively low, leverage has become the dominant factor in price fluctuations.” Without a rebound in open interest, “it will be difficult for the market to form sustained follow‑through on either the long or short side.”

A “true structural recovery” now hinges on “a return of spot demand,” a positive Coinbase premium, reversing ETF flows, and stabilizing basis, the firm says. Until then, Bitcoin is “entering a phase of high volatility and choppy price discovery,” with direction “increasingly dominated by institutional fund flows from ETFs and derivatives channels” as retail attention drifts elsewhere.

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Related coverage on structural selling and ETF flows can be found via ChainCatcher’s analysis of Bitcoin slipping below key moving averages, BlackRock’s renewed transfers to Coinbase Prime, and Hyperscale Data’s growing BTC treasury holdings.

Spot benchmarks and AI‑crypto pulse

At the time of writing, Bitcoin trades near $68,700, down less than 1% over 24 hours, on roughly $46B in volume, while total market value hovers around $1.37T. Ethereum’s market cap stands near $242B, with about $28.6B changing hands in the last day.

Within AI‑linked crypto, the Artificial Superintelligence Alliance’s FET token changes hands around $0.16, on roughly $39M in 24‑hour volume. Render (RENDER) trades close to $1.31, with about $35.8M in daily turnover. Akash Network (AKT) is near $0.32, with a market cap just under $92M and 24‑hour volume around $2.8M. SingularityNET (AGIX) sits near $0.07, on modest volume of around $41K.

Wintermute’s bottom line is blunt: “For crypto assets to outperform again, AI trading needs to cool down first.” Until that rotation snaps back, Bitcoin’s next act will be written in volatility, not in trend.

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Bybit becomes the title partner of Stockholm Open

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Bybit becomes the title partner of Stockholm Open

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Bybit EU has secured a three-year title partnership with the Stockholm Open, renaming the tournament the Bybit Stockholm Open from 2026 to 2028.

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Bybit EU, the European arm of Bybit and a MiCAR-licensed crypto-asset service provider, is entering a three-year title partnership with the Stockholm Open that will see the tournament compete under the name Bybit Stockholm Open from 2026 through 2028.

The partnership marks a long-term commitment from Bybit EU and provides the historic tennis tournament with a stable partner to support its continued development for players and spectators. As part of the agreement, the tournament will reclaim its classic name, reinforcing its identity and long-standing ties to Stockholm and Swedish tennis.

Bybit views the Nordic region as a strategically important market and considers the Stockholm Open a strong platform for building a lasting presence. Gustav Buder, Regional Partner Nordics at Bybit EU, said the tournament’s strong history, high credibility, and audience that values quality and long-term commitment made it a natural fit. He noted that the partnership represents an important step in establishing trust and a durable presence in the Nordic market.

Since its start the Stockholm Open has served as a meeting point for sport, business, and the public, with a long tradition of collaboration with partners from the financial sector. The tournament attracts an audience with a strong interest in finance and business, aligning closely with Bybit EU’s profile.

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The partnership will enable Bybit to engage its premium client base through the Bybit VIP program, offering select clients curated access to the tournament and bespoke experiences that bridge finance, sport, and long-term value creation.

Rasmus Hult, CEO of Bybit Stockholm Open, said the tournament has extensive experience working with financial partners and views Bybit as a strong, long-term partner that shares its ambition to continue developing the event. He added that jointly reclaiming the tournament’s classic name clearly reflects its home and heritage.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Will ETH & SOL bounce back?

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Ethereum, Solana price prediction: Will ETH & SOL bounce back? - 2

Crypto markets are definitely under pressure. The year got off to a shaky start, and weakness has continued as traders remain cautious in a low-liquidity, macro-uncertain environment. That’s left Ethereum and Solana stuck in corrective moves for now.

Let’s take a closer look at ETH and SOL, analyzing recent price moves and network fundamentals to gauge their near-term price predictions.

Summary

  • Crypto markets remain volatile and risk-off as of February 10, 2026, with large-cap coins like Ethereum and Solana trading below last year’s highs.
  • ETH is around $2,016, showing short-term bearish momentum, with key support at $1,760 and resistance near $2,150–$2,500.
  • SOL trades near $84 in a clear downtrend, with short-term support at $80–$90, major downside at $70–$65, and resistance at $100, keeping the SOL outlook cautious.

Current market scenario

As of February 10, crypto markets remain unsettled. Volatility is elevated, sentiment is fragile, and rallies are quickly met with selling pressure. Many large-cap coins are still trading below last year’s highs, highlighting a risk-off environment.

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Altcoins have borne the brunt of selling, with investors either rotating into cash or waiting for confirmation of trends. Ethereum and Solana remain technically bearish for now, although network activity continues in the background.

Ethereum price prediction

Ethereum (ETH) is currently trading around $2,016, having failed to hold above the key $2,100 resistance zone. Year-over-year, ETH is down roughly 20–25%, showing the ongoing pressure on large-cap altcoins. Short-term momentum hasn’t helped either, with the ETH price falling 0.9% in the last 24 hours and 11.6% over the past week.

Ethereum, Solana price prediction: Will ETH & SOL bounce back? - 2
ETH 1-day chart, February 2026 | Source: crypto.news

Technically, the short-term trend is still bearish. On Sunday, a bearish pin bar showed up just under $2,100, meaning sellers are in control there. If price can’t get past this level, the next downside target is around $1,760, which acted as support the last time price dipped this low.

From a fundamentals perspective, things are still solid for Ethereum. Developers are busy, users are active, and Layer-2 adoption keeps expanding. These network improvements ease congestion and boost throughput, even if the ETH price doesn’t show it yet. They remain a key part of the longer-term ETH forecast.

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If buyers step in and push Ethereum over $2,150 for a daily close, the bearish trend would start to fade. After that, a move toward $2,500 looks more likely.

Solana price prediction

Solana (SOL) is currently trading near $84. While the SOL price is up 0.5% on the day, the bigger picture remains ugly, with the token down nearly 18.4% over the past week.

Ethereum, Solana price prediction: Will ETH & SOL bounce back? - 3
SOL 1-day chart, February 2026 | Source: crypto.news

From a technical standpoint, Solana is still in a clear downtrend. Price recently dropped below a descending channel and is now holding in the $80–$90 zone as short-term support. Trend-wise, nothing much has changed— lower highs and lower lows remain dominant.

If this support breaks, the next downside area to watch is $70–$65, which marks the last strong demand zone before liquidity dries up. On the flip side, $100 is the key resistance bulls need to reclaim to shift sentiment.

For now, the SOL outlook remains cautious, at least until we see buyers show real strength.

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Final thoughts

Right now, Ethereum and Solana aren’t having an easy time. Bears are in control in the short term, but Ethereum’s bigger picture is still intact. Until the price can get back above key resistance levels, rallies are likely to be shaky. Patience and waiting for confirmation will be important for anyone following ETH or SOL.

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Bitcoin, Ethereum, Crypto News & Price Indexes

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Bitcoin, Ethereum, Crypto News & Price Indexes

Bitcoin’s sharp correction at the start of the month may represent a critical “halfway point” in the current bear market, according to Kaiko Research.

Bitcoin (BTC) fell to $59,930 on Friday, marking its lowest level since October 2024, before the re-election of US President Donald Trump, according to TradingView data

The decline suggests the market has moved out of the euphoric post-halving phase and into what Kaiko described as a historically typical bear market period that lasts about 12 months before a new accumulation phase begins.

In a research note shared with Cointelegraph on Monday, Kaiko said Bitcoin’s 32% crash was the most significant correction since the 2024 Bitcoin halving and may mark the “halfway point” of the current bear market.

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“Analysis of on-chain metrics and comparative performance across tokens reveals a market approaching critical technical support levels that will determine whether the four-year cycle framework remains intact,” Kaiko said.

Bitcoin halving cycles, all-time chart. Source: Kaiko Research

Related: Trend Research cuts ETH exposure by over 400K as liquidation risk rises

Kaiko’s report highlighted several emerging onchain bear market signals, including a 30% drop in aggregate spot crypto trading volume across the 10 leading centralized exchanges, from around $1 trillion in October 2025 down to $700 billion in November.

At the same time, combined Bitcoin and Ether (ETH) futures open interest declined from $29 billion to $25 billion over the past week, a 14% reduction that Kaiko said reflects ongoing deleveraging.

Open interest for BTC and ETH futures, top 10 exchanges. Source: Kaiko Research

While Bitcoin has realigned with the historical four-year halving cycle since the beginning of the year, determining the depth of the current bear market is complex, as “many catalysts that fueled BTC’s rally to $126,000 are still in effect,” said Shawn Young, chief analyst, MEXC Research.

“With oversold indicators emerging on multiple timeframes, the rebound conversation around BTC is more a question of when, not if,” Young said, adding that Bitcoin may be entering a new cycle that will only become clear over the next year.

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Related: Binance adds $300M in Bitcoin to SAFU reserve during market dip

Is $60,000 the bear market bottom?

The key question for investors is whether the dip to $60,000 represents the low of the current bear market. The level roughly aligns with Bitcoin’s 200-week moving average, which has historically acted as long-term support.

Still, more market volatility is expected in the absence of crypto-specific market catalysts, Nicolai Sondergaard, research analyst at crypto intelligence platform Nansen, told Cointelegraph, adding:

“With that said, it is still very hard to say if it means we are going back to the conventional 4-year cycle. I have seen many prominent figures in the space air the idea, but equally many who do not think so.”

However, Kaiko pointed to a 52% retracement from Bitcoin’s previous all-time high being “unusually shallow” compared to previous bear market cycles.

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A 60% to 68% retracement would “align more closely” with historical drawdowns, which implies a Bitcoin cycle bottom around $40,000 to $50,000, Kaiko said.

Source: Michaël van de Poppe

Still, some market participants argue that $60,000 already marked a local bottom. Analyst and MN Capital founder Michaël van de Poppe called the crash to $60,000 the local market bottom for Bitcoin’s price, citing a record low in investor sentiment and a critical low in the relative strength index, which sank to values last seen in 2018 and 2020.

Magazine: Would Bitcoin survive a 10-year power outage?