Crypto World
Palladyne AI (PDYN) Stock: Revenue Decline Masked by Surging Backlog and Defense Expansion
Key Takeaways
- Annual 2025 revenue decreased 33% to $5.2 million, while fourth-quarter revenue surged 118% year-over-year to reach $1.7 million
- Full-year operating losses expanded to $32.4 million, yet GAAP net income reached $10 million driven by warrant fair value adjustments
- November 2025 brought three strategic acquisitions — GuideTech, MKR Fabricators, and Warnke — expanding into avionics, fabrication, and precision machining
- Backlog expanded to approximately $18 million by mid-February 2026, supporting management’s 2026 revenue forecast of $24–$27 million
- First commercial customer signed for Palladyne IQ 2.0, plus new missile propulsion subsystem agreement secured with defense prime contractor
Palladyne AI experienced a challenging revenue year in 2025, yet the underlying narrative centers on strategic groundwork being laid for future expansion.
Annual revenue totaled $5.246 million, representing a 33% decline compared to 2024. The reduction stemmed from discontinued legacy hardware sales that were non-recurring and delays in services milestone recognition. While the full-year number appears concerning, the fourth-quarter performance paints a contrasting picture — Q4 revenue skyrocketed 118% year-over-year to $1.7 million.
Operating losses grew to $32.4 million compared to $26.9 million in the prior year. Research and development expenditures increased 24% to $12.9 million as the organization accelerated software validation and product innovation initiatives.
Net income registered at $10 million annually, reversing from a net loss of $72.6 million in 2024. This turnaround was primarily attributable to warrant fair value fluctuations rather than operational performance.
Basic earnings per share reached $0.26, while diluted EPS came in at $0.24.
Strategic Acquisition Strategy
November 2025 represented a transformative period for Palladyne. The company completed three strategic acquisitions — GuideTech, MKR Fabricators, and Warnke Precision Machining. These transactions integrated avionics design, fabrication services, and precision machining operations into the company’s portfolio.
These newly acquired manufacturing divisions contributed $0.6 million in revenue during their initial operating period. While modest initially, this figure demonstrates the company’s evolution beyond pure software development.
The organization also established Palladyne Defense during 2025, representing a deliberate expansion into defense contracting that extends considerably beyond its core autonomy software offerings.
Progress in Software, UAV Systems, and Aerospace
Palladyne IQ 2.0 achieved commercial launch in 2025, with the company securing its first revenue-generating customer for the solution. The organization also successfully demonstrated collaborative autonomous swarm coordination between its Gremlin-X UAV and Red Cat systems — representing a significant technical achievement for its SwarmOS platform.
A missile propulsion subsystem agreement was finalized with an additional defense prime contractor, broadening the company’s program portfolio.
In the aerospace sector, Palladyne deepened its collaboration with the Air Force Research Laboratory and Portal Space Systems. The company secured an additional patent while submitting several applications focused on swarming technologies and decentralized autonomy frameworks.
The organization appointed a new President of Commercial and Industrial to spearhead expansion in civilian market segments.
Backlog measured $13.5 million at 2025 year-end. By mid-February 2026, it had climbed to approximately $18 million — predominantly with secured funding.
Management confirmed its 2026 revenue projection of $24 million to $27 million. The latest analyst coverage on PDYN assigns a Buy rating with an $11.00 price target.
Howard Marks, co-chairman, Oaktree Capital.
Courtesy David A. Grogan | CNBC
Veteran investor Howard Marks said he doesn’t see a widespread problem brewing in private credit, but warned that the sector’s rapid expansion over the past 15 years could expose weaker lenders when markets eventually turn.
“There’s not a systemic problem with private credit,” Marks, co-chairman and co-founder of Oaktree Capital, said Thursday on CNBC’s “Money Movers.”
The noted investor said that the risk stems from the pace of expansion in direct lending, which has ballooned to a market now exceeding $1 trillion from its early development around 2011.
His comments come as sentiment toward direct lenders has soured following the collapse of auto-related borrowers Tricolor and First Brands. Much of the concern has centered on loans made to software companies as investors worry that artificial intelligence could disrupt those businesses.
“There’s a saying in the banking business that the worst of loans are made in the best of times. We’ve seen 17 years of good times. When the stuff hits the fan, or as Warren Buffett would say, when the tide goes out, we will find out whose credit analysis was discerning, who made fewer software loans to the better company,” Marks said.
The pressure has already begun to show up in fund flows. Investors pulled nearly 8% from Blackstone Inc.’s flagship private credit fund in the most recent quarter, highlighting growing caution among allocators.
Marks said it’s impossible to predict when exactly the cycle will turn.
“The things that affect the investment world so profoundly are the things that were not foreseen,” Marks said. “If they could be foreseen … anticipated and adjusted to and factored into prices, they wouldn’t have that cataclysmic effect.”
Market analysts said Ether’s (ETH) uptrend was confirmed after the latest 25% recovery to $2,200 from its multi-year lows below $1,800.
Key takeaways:
-
Ether rose to $2,200 on Wednesday, as onchain data shows signs of returning demand.
-
ETH price support around $2,100 remains key for the bulls to hold.
Ether sellers are “losing control”
Ether’s net taker volume suggests that “sellers may be losing control” as demand for ETH derivatives returned, data from CryptoQuant shows.
Net taker volume, a metric that measures the imbalance between buyers and sellers in derivatives markets, has flipped positive after being in negative territory for nearly two months.
This negative regime coincided with the bear market drawdown, indicating sustained aggressive selling across derivatives markets.
“The latest prints show flows starting to turn positive, suggesting that seller dominance may be fading,” CryptoQuant analyst MorenoDV_ said in a recent Quicktake post, adding:
“Historically, shifts from prolonged negative taker pressure toward positive territory often precede short covering rallies and liquidity-driven rebounds, particularly after periods of forced selling.”
The return in ETH demand is also reflected by Ether’s Coinbase Premium Index, which has risen to levels last seen in December 2025.
After being negative for several months, the index has flipped positive, pointing to a return in demand from US investors, which could propel the ETH price higher.
“This indicates that US buying pressure remains positive,” CryptoQuant analyst CW8900 said, adding:
“If the Coinbase premium rises further, the rally will accelerate.”
Meanwhile, demand for spot Ether ETFs continues to recover, with these investment products recording $169.4 million in inflows on Wednesday. This shows the return of demand from institutional investors.
ETH traders anticipate a price rebound
Ether’s latest breakout must, however, not pull back below the $1,750 mark, according to analysts.
Trader and analyst Crypto Patel said that the $1,750 support must hold for “bulls to stay in control,” with the upside target set at “$2,500-$2,600.
“Lose $1,750 and bears take over again.”
Commenting on Ether’s Thursday push above $2,000, analyst Bren said a “larger bounce above $2,200 is likely.”
Meanwhile, Man of Bitcoin said that a successful retest of $2,100 support after the current retracement could open the path to $3,400 or higher.
As Cointelegraph reported, a daily candlestick close above $2,100 will revive the hopes of a recovery toward the 50-day simple moving average (SMA) at $2,381. A break above this level will mean that the corrective phase may be over.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Bitcoin mining and data center company Core Scientific has closed a $500 million loan facility with Morgan Stanley, with the option to expand the financing to as much as $1 billion.
According to a company announcement on Thursday, the financing may be used for general corporate purposes tied to building and expanding data center assets, including equipment purchases, real estate acquisition and securing additional power agreements.
The company operates large-scale data centers in several US states, including Texas, Georgia and North Carolina, hosting both Bitcoin (BTC) mining equipment and other high-density computing workloads.
The 364-day facility carries interest at the Secured Overnight Financing Rate (SOFR) plus 2.5% and includes an accordion feature that allows total commitments to increase by another $500 million.
Core Scientific currently derives most of its revenue from Bitcoin mining but is converting “most” of its data center footprint to support AI-related and other high-density computing workloads.
The announcement comes days after the company’s shares fell following a fourth-quarter earnings miss, as crypto mining income dropped to $42.2 million, nearly 50% lower than the same quarter a year earlier.
Related: Ex-OpenAI researcher’s hedge fund reveals big Bitcoin miner bets in new SEC filing
Core Scientific’s road to AI and HPC
Core Scientific filed for Chapter 11 bankruptcy protection in December 2022 after falling Bitcoin prices, rising energy costs and losses tied to crypto lender Celsius strained its finances. In January 2024, it emerged from bankruptcy and relisted its shares on Nasdaq after completing a court-approved restructuring.
Following the restructuring, Core Scientific began repurposing parts of its data center infrastructure to support artificial intelligence and high-performance computing (HPC) workloads alongside its Bitcoin mining operations.
That shift accelerated in June 2024, when the company signed a 12-year agreement with AI cloud provider CoreWeave to supply data center capacity for HPC.
A year later, CoreWeave sought to deepen the relationship through a proposed acquisition, agreeing in July 2025 to buy Core Scientific in an all-stock transaction valued at about $9 billion. However, the merger failed to gain sufficient shareholder approval during a vote in October and did not move forward.
Several other Bitcoin mining companies have also begun repurposing their infrastructure to support AI and HPC workloads in recent months.
In July, Hive Digital Technologies said it was expanding into HPC, building an AI infrastructure business that it expects could reach $100 million in annual revenue.
About a month later, TeraWulf signed 10-year colocation agreements with AI infrastructure company Fluidstack valued at $3.7 billion, with Google backing about $1.8 billion of the lease obligations.
Magazine: 6 weirdest devices people have used to mine Bitcoin and crypto
Reimagining DeFi Liquidity Through Time. Decentralized Finance has largely measured its strength using one metric: Total Value Locked (TVL). Billions of dollars sit inside smart contracts, signaling capital commitment, protocol confidence, and market depth. But TVL has a hidden flaw: it ignores time.
A dollar locked for 5 minutes and a dollar locked for 5 years are treated the same.
This blind spot opens the door to a new primitive in DeFi design: Liquidity Time Preference Markets, also known as Shadow TVL.
The Problem With Traditional TVL
TVL answers one question:
“How much capital is inside a protocol right now?”
But DeFi users behave very differently depending on how long they intend to stay.
Consider three liquidity providers:
| Provider | Capital | Lock Duration |
|---|---|---|
| Trader A | $1M | 30 minutes |
| Yield Farmer B | $1M | 7 days |
| DAO Treasury C | $1M | 2 years |
Traditional TVL says:
TVL = $3M
But economically, these deposits are not equal. The DAO treasury provides structural stability, while Trader A provides temporary liquidity that could vanish instantly.
This creates the concept of Shadow TVL — a deeper metric that accounts for time-weighted liquidity commitment.
What is Shadow TVL?
Shadow TVL = Liquidity adjusted by time commitment.
Instead of measuring only how much capital is present, Shadow TVL measures:
-
How long is liquidity expected to remain
-
How stable is the capital base, actually?
-
The protocol’s real economic security
Example:
| Deposit | Amount | Lock Duration | Shadow Value |
|---|---|---|---|
| $1M | 1 hour | 0.0001 weight | |
| $1M | 30 days | 0.3 weight | |
| $1M | 2 years | 1.0 weight |
Even though TVL is $3M, Shadow TVL may only equal ~$1.3M in stable liquidity.
This reveals the true durability of a protocol’s liquidity base.
Introducing Liquidity Time Preference Markets
Rather than just measuring time preference, DeFi could trade it directly.
A Liquidity Time Preference Market allows participants to buy and sell liquidity commitment durations.
Participants could trade:
-
Short-term liquidity rights
-
Long-term liquidity guarantees
-
Liquidity futures contracts
Think of it like interest rate markets, but for capital patience.
How It Could Work
Step 1 — Liquidity Commitment Tokens
When depositing liquidity, users mint a token representing their lock duration.
Example tokens:
-
LQ-1D → Liquidity locked for 1 day
-
LQ-30D → Liquidity locked for 30 days
-
LQ-365D → Liquidity locked for 1 year
These tokens represent time-bound liquidity guarantees.
Step 2 — Secondary Markets
These liquidity commitments become tradable assets.
Traders could speculate on:
-
Liquidity shortages
-
Market volatility
-
Protocol stability
Example:
If traders expect high volatility next month, 30-day liquidity tokens become more valuable, because protocols will need deeper liquidity.
Step 3 — Shadow TVL Pricing
Protocols could use market prices of these tokens to compute Shadow TVL in real time.
Instead of:
TVL = $500M
Protocols would show:
Shadow TVL = $500M capital with 87-day average commitment
This creates a liquidity durability index.
Why This Changes DeFi Economics
1. Eliminates “Mercenary Liquidity.”
Yield farmers often chase incentives and exit instantly.
Liquidity Time Markets reward long-term capital commitment, reducing unstable liquidity.
2. New Derivatives Market
Liquidity duration becomes a financial asset.
Examples:
DeFi could develop a yield curve for liquidity similar to government bond markets.
3. Predictable Protocol Stability
Protocols could price risk based on how long liquidity is expected to remain.
A DEX with:
is far more stable than one with $200M TVL but a 2-day commitment.
4. Capital Efficiency
DAOs and funds could optimize treasury deployment by selecting liquidity durations matching their risk profile.
Example:
| Strategy | Liquidity Duration |
|---|---|
| Arbitrage Funds | 1–3 days |
| Market Makers | 30–90 days |
| DAO Treasuries | 1–3 years |
Liquidity becomes programmable over time.
The Emergence of a Liquidity Yield Curve
Just like traditional finance has a bond yield curve, DeFi could develop a Liquidity Commitment Curve.
Example market rates:
| Duration | Expected Yield |
|---|---|
| 1 day | 2% APR |
| 30 days | 7% APR |
| 1 year | 18% APR |
This curve reflects market demand for liquidity stability.
During volatile markets, long-duration liquidity becomes extremely valuable.
Potential Use Cases
Stablecoin Defense
Stablecoin protocols could require a minimum liquidity duration for collateral pools.
This prevents bank-run style liquidity collapses.
MEV Protection
Validators and builders could secure blockspace liquidity guarantees, ensuring deep order books even during congestion.
DeFi Credit Markets
Lenders could issue loans backed by liquidity commitment tokens, turning liquidity guarantees into collateral.
Risks and Challenges
Despite its promise, Liquidity Time Preference Markets introduce new complexities:
Smart Contract Risk
Liquidity locks and tokenization increase protocol complexity.
Liquidity Fragmentation
Too many duration tokens could fragment capital across markets.
Speculation Loops
Traders might speculate heavily on liquidity scarcity.
However, these risks are similar to those seen in early interest rate derivatives markets in traditional finance.
Why This Idea Matters
DeFi’s biggest weakness is unstable liquidity.
TVL numbers can look impressive, but capital can disappear instantly.
Shadow TVL introduces a missing dimension: time.
Instead of measuring how much liquidity exists, DeFi could measure:
How committed is that liquidity actually?
Liquidity Time Preference Markets turn patience into a tradable financial primitive.
And once time becomes a market…
DeFi doesn’t just have liquidity.
It has predictable liquidity stability.
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[PRESS RELEASE – LODZ, Poland, March 5th, 2026]
BTCC, the world’s longest-serving cryptocurrency exchange, today announced that its recently launched TradFi product has surpassed $200 million in cumulative trading volume since going live on February 10, 2026. To celebrate this milestone, BTCC is introducing a zero-fee trading campaign for the XAU and XAG pairs, where participants can earn up to 10 grams of gold through a tiered volume bonus program.
The $200 million milestone demonstrates strong demand for traditional market access among crypto traders. BTCC TradFi, launched in February 2026, enables users to trade traditional financial instruments, including forex, commodities, indices, and equities, directly on the BTCC platform using USDT as margin and settlement currency. TradFi aims to remove barriers for crypto traders to gain exposure to the global traditional financial markets.
Running from March 5 to March 19, 2026, the zero-fee campaign waives all trading fees on XAU and XAG pairs. Alongside the 0-fee promotion, users can also participate in a tiered bonus program based on the total TradFi trading volume during the campaign. Participants can earn up to 10g of gold by reaching the milestone of 5,000,000 USDT in cumulative trading volume across all TradFi pairs.
Precious metals have been among the most actively traded asset classes on BTCC’s platform. In 2025, tokenized gold on BTCC recorded $5.72 billion in trading volume, with Q4 volume surging 809% over Q1, underscoring sustained user interest in precious metals. This momentum sets the stage for the zero-fee campaign on XAU and XAG, giving both new and existing users a cost-free entry point into one of the platform’s most in-demand markets.
For traders seeking traditional market exposure without leaving the crypto ecosystem, BTCC TradFi offers a seamless platform that bridges cryptocurrency and traditional assets. The zero-fee campaign is an opportunity to explore gold and silver trading at zero trading cost on the BTCC platform. For campaign details and eligibility requirements, users may visit BTCC’s 0-fee campaign page.
About BTCC
Founded in 2011, BTCC is a leading global cryptocurrency exchange serving over 11 million users across 100+ countries. Partnered with 2023 Defensive Player of the Year and 2x NBA All-Star Jaren Jackson Jr. as global brand ambassador, BTCC delivers secure, accessible crypto trading services with an unmatched user experience.
Official website: https://www.btcc.com/en-US
X: https://x.com/BTCCexchange
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Crypto World
xStocks Unveils xChange, Bringing Real-World Equity Liquidity Onchain Across Ethereum and Solana
TLDR:
- xChange is the first unified execution layer trading over 70 tokenized stocks across Ethereum and Solana onchain.
- Every xStock is backed 1:1 by underlying shares in custody, ensuring real equity exposure on the blockchain.
- Atomic settlement guarantees trades execute fully at the quoted price or not at all, eliminating partial fills.
- xStocks has surpassed $3.5 billion in onchain volume and 80,000 unique holders since launching in June 2025.
xChange, the new unified execution layer from xStocks, is now live on Ethereum and Solana. The platform enables trading of more than 70 tokenized stocks directly onchain.
Pricing is anchored to real-world public market data, while atomic settlement ensures each trade completes fully or not at all.
Since its June 2025 launch, xStocks has recorded over $3.5 billion in onchain transaction volume, marking rapid adoption of tokenized equities.
How xChange Bridges Traditional Markets and DeFi
xChange connects traditional market depth with decentralized finance infrastructure in one unified system. The platform does not rely on third-party intermediaries to process trades.
Instead, it executes transactions directly onchain across both Ethereum and Solana. This setup preserves the transparency and composability that DeFi participants expect.
Each xStock is fully collateralized and backed 1:1 by underlying shares held in custody. This structure means every onchain transaction reflects genuine equity exposure.
Atomic settlement removes the risk of partial fills entirely from the process. Trades either execute in full at the quoted price or do not go through.
Kraken announced the launch through its official X account, describing it as “the first unified execution layer for tokenized equities.” The exchange added that xChange delivers “TradFi liquidity. DeFi infrastructure. Always on.”
The platform operates 24/5, extending equity trading well beyond standard exchange hours. As a result, tokenized stocks function as always-on, programmable financial assets.
Val Gui, General Manager of xStocks, described the platform’s purpose directly. “xChange is about redefining how equities trade in a digital-first world,” Gui stated.
He added that it “brings real-world market liquidity onchain and turns tokenized stocks into fully programmable, always-on assets.” Gui noted these assets are built to “power the next generation of global financial applications.”
xStocks Records Strong Growth Metrics Since June 2025
Since launching in June 2025, xStocks has surpassed $3.5 billion in total onchain transaction volume. The platform has also crossed $25 billion in total trading volume across exchanges.
These figures reflect growing demand for tokenized equities among DeFi users and traditional finance participants. The pace of growth points to measurable market adoption across both audiences.
Over $225 million in tokenized assets are currently held onchain. More than 80,000 unique onchain holders have participated in the broader ecosystem.
Tokenized equities are gaining traction as a distinct and recognized asset class. Adoption has continued expanding across multiple chains, platforms, and applications.
xChange builds on this momentum by introducing a unified execution layer across networks. The platform connects liquidity across Ethereum and Solana while tying pricing to traditional equity markets.
This connection supports tighter spreads and improved execution quality throughout the system. Onchain settlement and transferability remain fully intact at every step.
Rather than replacing existing DeFi liquidity models, xChange functions as an added layer. It improves price alignment and execution reliability across the broader ecosystem.
The outcome is a hybrid model that combines real-world equity market depth with blockchain-based trading infrastructure. xChange positions tokenized stocks as a functional bridge connecting two distinct financial worlds.
Unleveraged buyers and ETF inflows pushed Bitcoin higher even as geopolitical uncertainty rattled global markets.
Bitcoin’s spot market demand strengthened over the weekend as rising war tensions unsettled global financial markets. The increase in spot buying helped stabilize prices after recent declines and kept BTC relatively firm during the broader market pullback.
Market data shows that this support is coming mainly from unleveraged buyers rather than derivatives activity. Analysts say the shift reduces downside risk in the near term, even as geopolitical and macroeconomic pressures persist.
Spot Buyers Step In as Bitcoin Climbs the Wall of Worry
A recent report from Bitfinex noted that spot buyers have actively supported Bitcoin since March 1. These buyers accumulated about $3.5 billion through steady purchases, mainly during late Asian and U.S. trading hours.
This wave of demand pushed BTC back above $65,000 and marked what analysts describe as a “wall of worry” phase. In it, prices climb even as uncertainty and external risks dominate market sentiment.
Meanwhile, derivatives data shows open interest moving in line with spot volumes at a balanced 1:1 ratio. The pattern suggests the rally is driven by genuine accumulation rather than leveraged trades or short-term speculation.
Further support came from the Coinbase Premium Index, which turned positive after a prolonged negative streak. The index has maintained a modest premium, signaling continued demand from U.S. market participants.
Additionally, the defense of the $60,000 support level has reinforced Bitcoin’s transition into an expansion phase. Market participation has increased, and perpetual funding rates remain moderate and well below overheated levels, indicating a balanced and sustainable environment.
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ETF Inflows Reinforce Bitcoin’s Market Recovery
Notably, U.S. spot Bitcoin exchange-traded funds contributed significantly to the shift by reversing earlier outflows.
According to Bitfinex, strong inflows last week helped absorb selling pressure from miners and long-term holders. For context, March 4 saw $461.9 million in net flows, and week-to-date figures through March 5 have already exceeded $1.14 billion.
These inflows have reinforced key technical levels. Bitfinex highlights $77,400 as a major resistance area and $54,100 as core support based on historical cycles. They also note Bitcoin’s correlation with Nasdaq and geopolitical risks tied to the Strait of Hormuz, which could influence near-term volatility.
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TLDR
- SOL Strategies stock rose 20.97% to $1.50 after the company released its February business update.
- The STKESOL liquid staking platform surpassed 691,000 SOL staked within weeks of launch.
- The platform attracted 1,034 holders shortly after its rollout.
- The validator network expanded to 33,568 unique wallets in February.
- Total assets under delegation reached 3.87 million SOL, including treasury and third-party stakes.
SOL Strategies stock climbed 20.97% to $1.50 on Nasdaq after a strong February update. The company reported rapid growth in staking operations and liquid staking adoption. The update showed rising validator activity and expanding assets under delegation.
SOL Strategies Stock Jumps as Liquid Staking Gains Traction
The company said its STKESOL liquid staking platform surpassed 691,000 SOL staked within weeks of launch. It also confirmed that 1,034 holders joined the platform during the initial rollout. The figures came from its February business update, which highlighted expanding validator activity and rising delegated assets.
SOL Strategies stated that its validator network reached 33,568 unique wallets in February. That figure increased from about 31,000 wallets at the start of the month. The company said STKESOL growth supported higher validator participation and stronger network engagement.
The firm reported total assets under delegation of 3.87 million SOL in February. This total included treasury holdings and tokens delegated by third parties. Proprietary validators generated about 1,276 SOL in rewards during the month.
The company confirmed that users, delegated assets, and staking rewards all increased during February. These metrics reflect performance across validator and staking services. The company linked this expansion directly to the rollout of liquid staking services.
SOL Strategies said liquid staking allows users to earn rewards while keeping tokens liquid. It issues tokenized staking positions that users can trade or deploy elsewhere. The company described this product as an added revenue channel beyond validator services.
Revenue Growth Expands Across Staking Operations
Interim CEO Michael Hubbard said the company continues scaling infrastructure despite crypto market volatility. He stated, “The staking platform now has four revenue streams running simultaneously.” These include treasury staking, third-party delegated staking, liquid staking, and institutional staking services.
Hubbard confirmed partnerships form part of the institutional staking strategy. He cited a partnership with global asset manager VanEck as an example. The company reported that quarterly results rose 69% year on year.
Staking and validator rewards totaled 9,787 SOL during the quarter. This figure marked a 120% increase from the same quarter last year. The company linked this rise to expanded Solana-focused infrastructure operations.
SOL Strategies also reported growth in its Solana portfolio holdings. The portfolio increased to about 529,000 SOL from 139,726 previously recorded. The company attributed the rise to balance sheet growth and higher Solana exposure.
The February update included governance changes before the annual shareholder meeting on March 31. The company confirmed that Michael Hubbard will transition from interim to permanent CEO. SOL Strategies previously operated as Cypherpunk Holdings before rebranding in September 2024.
The company acquired SOL during the second quarter of 2024. It later rebranded to reflect its focus on Solana validators and staking services. SOL Strategies stock has declined 75.81% over the past six months despite the recent 21% rise.
The era of assumed iPhone invincibility is over for mobile crypto traders. A sophisticated new threat, the ‘Coruna exploit kit’, is actively leveraging 23 disparate iOS vulnerabilities to bypass Apple’s top-notch security and drain crypto wallets.
According to a new Google TAG report, the kit does not just crash apps or serve ads. It silently scans for BIP39 seed phrase theft, extracts QR codes, and siphons private keys from unpatched devices. The funds are gone before the user realizes the browser has been compromised.
#Big #Breaking #Coruna Exploit Kit #Targeting iOS for Crypto Theft — Crypto Analyst (@shuklarewa9082) March 5, 2026
Confirmed & Analyzed
pic.twitter.com/fOsWmLGxIK
That matters. For years, advanced exploit chains were the exclusive domain of nation-state intelligence agencies. Coruna marks a terrifying regime change: state-grade surveillance tools have been repackaged for mass-market retail theft.
This iPhone crypto wallet warning comes as Chainalysis reported in 2025 that the crypto theft market is valued at over $75Bn, with wallet drainers accounting for a large amount of that figure.
How Coruna Exploits 23 iOS Vulnerabilities to Drain Crypto Wallets
The Coruna exploit kit is a highly efficient “1-click” attack that activates when a user visits a compromised site, often posing as a gambling or news platform.
It targets vulnerabilities in WebKit to breach the device, then uses local privilege escalation exploits to escape the browser’s sandbox.
Analyzing iOS versions 13.0 to 17.2.1, Coruna employs multiple entry points to deliver a crypto wallets drainer designed to steal blockchain assets.
It scans the file system for cryptocurrency-related strings, checks the photo library for QR codes, and extracts mnemonic phrases from the Notes app.
This automated exploitation can result in immediate and irreversible theft of assets, and any iPhone user who uses their device for crypto trading and asset storing needs to stay vigilant.
DISCOVER: Next Crypto to Explode in 2026
State-Grade Malware Goes Mass Market
Previously, exploit chains of this complexity were hoarded by entities like NSO Group for targeted surveillance of high-value targets—dissidents, journalists, or diplomats.
Coruna flips the script. It takes vulnerabilities weaponized in campaigns like Operation Triangulation, a suspected state-sponsored attack, and hands them to financially motivated criminal groups.
The barrier to entry for executing a sophisticated MetaMask hack or draining a Trust Wallet has collapsed, and even the most inexperienced tech heads can now carry it out.
This follows a disturbing pattern whereby tools developed for espionage inevitably leak into the broader cybercriminal ecosystem. The attackers behind Coruna are not looking for state secrets. They are looking for liquidity.
This is industrial-scale theft. The iVerify security firm documented the exploit affecting at least 42,000 devices, with total losses not yet announced.
— Vortex (@Vortex_Quant) March 5, 2026
BREAKING: New "Coruna" iOS Exploit Targets Crypto Wallets!
Apple users, stop being exit liquidity! "Coruna" packs 23 exploits for 3 targets: 1) iOS 13-17.2.1 users 2) MetaMask/Uniswap degens 3) Phishing link clickers.
Open a site, and it auto-scans for your seed phrases. 
pic.twitter.com/zE2ZBmdtuD
Who Is Being Targeted and Why Mobile Crypto Traders Are Especially Exposed
If you trade on mobile and hold self-custody wallets, you are the target profile. The attack vectors are often embedded in sites that crypto users frequent: unregulated gambling interfaces, dubious token claim pages, and third-party app stores.
The malware explicitly targets data directories associated with major non-custodial wallets. It looks for the encrypted vaults of MetaMask, BitKeep (now Bitget Wallet), and Trust Wallet. If the encryption is weak, or if the user has stored the password in a compromised keychain or note, the wallet is drained.
The risk is compounded by user behavior. Mobile traders frequently interact with DApps and sign transactions on the go, often prioritizing speed over security hygiene.
Coruna exploits this complacency. It doesn’t need to trick you into signing a bad transaction; it simply steals the keys to the castle while you browse.
For now, proceed with caution and consider moving your crypto funds to cold wallet storage, such as a Ledger or Trezor.
EXPLORE: Best Crypto Presales to Buy in 2026
The post iPhone Crypto Wallets Under Attack from State-Grade Malware appeared first on Cryptonews.
- OKX token OKB jumped more than 50% to highs of $124 after a major announcement.
- NYSE parent company has invested in OKX at a $25 billion valuation.
- ICE’s move signals a strategic pivot toward tokenized securities and derivatives trading.
OKB, the native token of OKX, surged past the $100 mark following news of a major investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE).
The token jumped from around $77.65 to a high of about $124 before giving back part of the gains.
The move came as the broader cryptocurrency market moved higher after a difficult start to the month.
ICE invests in OKX at $25 billion valuation
An announcement on March 5, 2026, said Intercontinental Exchange (ICE), the parent of the New York Stock Exchange, has taken a minority stake in OKX, valuing the crypto exchange at $25 billion.
The investment marks a notable endorsement of OKX by one of the world’s largest financial infrastructure providers. As part of the deal, ICE will take a seat on the company’s board and plans to support closer integration between traditional financial markets and digital assets.
The partnership will also see OKX provide ICE with live cryptocurrency price feeds. In addition, the exchange plans to list tokenized versions of NYSE-listed stocks and derivatives, making them available to its more than 120 million users.
The investment in OKX adds to ICE’s growing portfolio of digital asset initiatives as the company expands its strategy around blockchain and tokenized markets.
Earlier, ICE made a $2 billion investment in Polymarket at a $9 billion valuation and has also developed its own blockchain-based trading infrastructure.
Star Xu, founder and CEO of OKX, said in a statement:
“ICE has built and operated some of the most important financial infrastructure in the world, including the New York Stock Exchange and global derivatives and clearing platforms. Their decision to invest in OKX, and join our board, reflects a shared belief that digital asset technology will play an enduring role in the future of financial markets.”
OKB price outlook
OKB’s explosive rally reflects market enthusiasm for OKX’s enhanced legitimacy and growth potential.
The token’s daily trading volume surged by more than 1,600% to over $421 million as prices rose past $100.
The token’s price movement after the announcement helped bulls hit intraday highs last seen in December 2025.
As OKX’s utility token, OKB benefits from platform fees, staking rewards, and now tokenized TradFi products.
These avenues, likely to see further adoption impetus among institutional investors, could help bulls.
However, as the chart above shows, profit-taking has already pushed OKB to the key $100 level.
If the pullback from the intraday peak continues, immediate support lies at the $91 and the $80 levels.
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