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Space Data Centers: Google, Amazon, and Meta Poised for Orbital Testing

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

Key Takeaways

  • Launch costs need to plummet to under $300/kg from current rates of $1,500–$3,600/kg before space-based data centers become economically feasible
  • Building a 1-GW orbital facility would exceed $100B at today’s prices, compared to $35B–$50B for terrestrial alternatives
  • BNP Paribas predicts Google, Amazon, and Meta will conduct initial pilot programs once economic barriers decrease
  • Elon Musk projects space will become the “most economically compelling” location for AI infrastructure in 30–36 months
  • Starcloud, backed by Nvidia, successfully deployed the first Nvidia H100 GPU to orbit in November 2025

Orbital data centers are transitioning from speculative concept to serious strategic consideration. A recent analysis from investment bank BNP Paribas explores this emerging possibility, though the firm concludes current economics remain prohibitive.

With present-day launch expenses ranging from $1,500 to $3,600 per kilogram, constructing a 1-gigawatt space-based data center would exceed $100 billion in total costs. By comparison, an equivalent terrestrial installation runs between $35 billion and $50 billion.

According to BNP analyst Nick Jones, the bank considers orbital data centers unfeasible as a “viable near- to medium-term solution.” Jones pointed to prohibitive launch expenses, costly space-rated components, and complex challenges surrounding thermal management and power systems in the vacuum of space.

BNP’s analysis indicates that launch costs must decrease below $300 per kilogram for the concept to achieve economic feasibility. This represents a substantial reduction from current market rates.

Should costs reach that threshold, BNP anticipates Google, Amazon, and Meta will be positioned as frontrunners to conduct preliminary proof-of-concept trials with orbital computing platforms. The bank’s report did not specify a projected timeframe for this development.

The Energy Challenge Driving Space Solutions

The motivation for orbital infrastructure stems largely from AI’s escalating power requirements. Terrestrial data centers are consuming electricity at unprecedented levels. According to Department of Energy figures, US data centers represented approximately 4.4% of the nation’s total electricity usage as of 2023.

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McKinsey projects that satisfying global data center demand through 2030 will necessitate $6.7 trillion in infrastructure investment. Technology sector capital expenditures are forecast to reach $600 billion in 2026, with Amazon alone committing $200 billion to expansion.

Elon Musk has positioned space-based computing as central to SpaceX’s long-term vision. He’s projected that within 30 to 36 months, orbital environments will become the “most economically compelling place” for AI computing infrastructure. SpaceX aims to deploy a constellation comprising one million satellites functioning as orbital data centers, each producing approximately 100 kilowatts of computational capacity per ton.

Musk’s rationale centers less on operational cost savings and more on energy accessibility. He’s highlighted that electrical generation outside China has remained essentially stagnant, creating uncertainty about power sourcing for new terrestrial data center development.

SpaceX Advances Beyond Planning Phase

SpaceX has progressed from conceptual discussions to active recruitment. Michael Nicolls, who serves as vice president of Starlink Engineering, announced via X that the company is filling “many critical engineering roles” supporting space-based data center initiatives, including a Space Lasers Engineer position located in Redmond, Washington.

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The company revealed plans to acquire Musk’s AI venture xAI, emphasizing orbital AI infrastructure as a strategic long-term objective.

Proof-of-Concept Missions Underway

In November 2025, Nvidia-supported startup Starcloud achieved a milestone by deploying the first Nvidia H100 GPU to orbit aboard a SpaceX Falcon 9 launch vehicle. The Starcloud-1 satellite weighed approximately 60 kilograms — comparable to a compact refrigerator.

Starcloud’s ultimate vision encompasses a 5-gigawatt orbital data center spanning roughly 4 kilometers, equipped with extensive solar arrays and thermal management panels.

BNP acknowledged that long-term technological improvements in satellite communications, cooling architectures, and photovoltaic systems could eventually narrow the operational cost gap between orbital and ground-based data center facilities.

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Elon Musk Launches X Money Beta With Crypto Trading as Dogecoin Spikes 8%, but Rumors Are Spreading Fast That Pepeto Could Be Elon Musk’s Next Favorite Meme Coin

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Elon Musk Launches X Money Beta With Crypto Trading as Dogecoin Spikes 8%, but Rumors Are Spreading Fast That Pepeto Could Be Elon Musk’s Next Favorite Meme Coin

Elon Musk just made the biggest move in meme coin history. The X Money beta is rolling out to let users trade crypto directly from their timelines, and Dogecoin spiked 8% as its official account pushed businesses to accept DOGE instead of paying credit card fees.

But here is what the Dogecoin community is not talking about: rumors are spreading fast that Pepeto, the exchange presale that raised $7.5M from the cofounder who built Pepe to $7 billion, could be the meme coin that catches Elon Musk’s attention next.

Bloomberg reported Elon Musk confirmed X will allow users to trade stocks and digital assets directly from their timelines through the X Money payments system, while CoinDesk confirmed Dogecoin’s official account responded by encouraging businesses to accept DOGE and drop credit card fees of 2 to 3%.

When Elon Musk builds payment rails inside the world’s biggest social platform, the meme coin that combines exchange infrastructure with viral community energy is exactly the kind of project that lands on his radar.

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Elon Musk, Dogecoin, and the Meme Coin Presale That Rumors Say Could Be Next

Pepeto: The Meme Coin That Elon Musk’s Community Cannot Stop Talking About

Every time Elon Musk makes a crypto move, the market scrambles to figure out what comes next. Dogecoin has always been his favorite, but the rumors spreading across Telegram and X right now are about Pepeto, the exchange presale that raised $7.5M from the person who cofounded the Pepe ecosystem and built it to $7 billion.

The reason is simple. Elon Musk has always said the crypto he supports needs to be funny, useful, and cheap to transact with. Pepeto checks every box. The zero tax engine means every trade costs nothing. The cross chain bridge connecting Ethereum, BNB Chain, and Solana moves assets in seconds. The risk scoring system checks contracts before your capital goes near them, and the SolidProof audit backs every line of code.

The community energy around Pepeto feels exactly like early Dogecoin before Elon Musk started tweeting about it, a passionate base spreading the word organically. The difference is Pepeto has exchange infrastructure Dogecoin never built, and in a market where Elon Musk builds payment rails inside X, the meme coin with real trading tools fits the vision he keeps describing.

The presale at $0.000000186 does not need Elon Musk to deliver returns, because the Binance listing creates the demand, and 209% APY staking compounds for wallets already inside while Dogecoin holders sit 87% below the all time high with zero yield. But if the rumors turn true, the entry that exists right now becomes the trade that defines the cycle.

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Dogecoin Spikes 8% on X Money News but the $0.10 Resistance Keeps Blocking Recovery

Dogecoin jumped 8% to $0.090 after Elon Musk’s X Money announcement, but the 20 day EMA at $0.10 caps the price according to CoinMarketCap.

Closing above $0.10 opens $0.11, but losing $0.09 means $0.08 then $0.06. Elon Musk keeps Dogecoin relevant, but at $12.5 billion and 87% below the all time high, even Elon Musk cannot produce the multiples a meme coin presale at six decimal zeros delivers on listing day.

The Bottom Line

Elon Musk launched X Money and Dogecoin spiked 8%, but the rumors spreading about Pepeto tell a different story about where smart money goes. The presale raised $7.5M from the $7 billion Pepe cofounder with exchange tools that match the vision Elon Musk keeps building, and the SolidProof audit and Binance listing path are the foundation Dogecoin at $12.5 billion never had.

The 209% APY compounds daily while Dogecoin holders wait for the next Elon Musk tweet, and by the time rumors become headlines, the entry at six decimal zeros will belong to the wallets that moved first.

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Visit the Pepeto official website and enter the presale before the next headline drops and the entry that was available during the rumors becomes a price only early believers ever saw and acted on it, securing the highest returns of this cycle.

Click To Visit Pepeto Website To Enter The Presale

FAQs

Is Elon Musk connected to Pepeto?

Rumors are spreading fast that Pepeto could catch Elon Musk’s attention because its zero fee exchange tools and meme community energy match the vision Elon Musk keeps building. Visit the Pepeto official website.

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Why did Dogecoin spike after Elon Musk’s X Money announcement?

Dogecoin jumped 8% after Elon Musk confirmed X Money will enable crypto trading from timelines, but the $0.10 resistance keeps blocking recovery while Pepeto’s presale keeps rising.

Is Dogecoin still Elon Musk’s favorite crypto?

Elon Musk confirmed Dogecoin remains his favorite, but the meme coin presale with exchange infrastructure at six decimal zeros is attracting the same energy early Dogecoin had before Elon Musk first tweeted about it.

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FL Senate Passes State Stablecoin Bill, DeSantis’ Signature Pending

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Crypto Breaking News

Florida advanced a state-level framework for regulating payment stablecoins, moving SB 314 to Governor DeSantis’ desk for final approval. The bill, which passed the Florida Senate unanimously, would introduce consumer protections and financial oversight for stablecoin issuers operating within the state, aligning with a broader federal trend toward clearer rules for digital assets. The development comes as Florida looks to codify safeguards around payments and digital holdings while contemplating broader crypto exposure in public portfolios. The signing window is anticipated to run roughly a month, per statements from stakeholders involved in the process.

Key takeaways

  • SB 314 cleared the Florida Senate with unanimous support and is headed to Governor DeSantis for signature, with a public timeline suggesting approval within about 30 days.
  • The package amends Florida’s money-laundering framework to explicitly cover stablecoins, requiring issuers to comply with applicable regulations and operate under licensure, while clarifying that certain payment stablecoins are not securities.
  • Issuers with activity in Florida must notify the state’s Office of Financial Regulation (OFR) before operating; oversight may fall solely to the OFR or involve joint supervision with the federal Office of the Comptroller of the Currency (OCC), depending on issuer structure.
  • Incentive structures are addressed: issuers would be barred from offering interest or yields if federal rules prohibit such payments, aiming to prevent regulatory arbitrage or misleading incentives.
  • Separately, Florida revisits its crypto investment posture through House Bill 183, seeking to allow up to 10% of state funds to be allocated to digital assets and crypto-related instruments, expanding beyond Bitcoin to include a wider range of assets. HB 183 is a revised form of HB 487, which was withdrawn after previous committee inaction.

Tickers mentioned: $BTC

Market context: The Florida move sits within a broader wave of state-level efforts to regulate digital assets with tailored frameworks. As federal regulatory considerations such as the GENIUS Act progress, states are actively shaping rules that balance consumer protections, financial stability, and innovation in payments and asset classes.

Why it matters

The proposed stablecoin framework marks a shift from broader, generalized crypto regulation to a state-tailored regime that can provide clearer operating parameters for issuers and clearer protection for consumers and businesses using these tokens for payments. By explicitly including stablecoins in the Money Laundering Act and defining the regulatory overlay, Florida seeks to reduce illicit use while enabling legitimate fintech activity within its borders. For issuers, the new regime points to a defined licensure pathway and a risk-management scaffold that can lower regulatory uncertainty compared with jurisdictions where rules are still evolving.

From a consumer perspective, the creation of explicit standards—such as licensing requirements, oversight responsibilities, and anti-yield incentives—offers a more predictable environment for using stablecoins in everyday payments and commerce. Meanwhile, the framework’s alignment with federal tenets, like those embedded in the GENIUS Act, signals a coordinated approach to digital-assets oversight across different levels of government. Investors in Florida-based digital assets or funds tied to state programs may eventually benefit from more transparent governance, even as issuers adapt to a more formal regulatory environment.

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For Florida’s public institutions, the HB 183 plan adds another layer of potential exposure to digital assets, but with guardrails: a cap on allocations, risk parameters, and diversification considerations that could shape how state and municipal funds participate in the crypto economy. The proposal broadens the asset classes that could be included, moving beyond a BTC-centric approach to embrace a wider spectrum of crypto instruments and blockchain-enabled assets. The evolution of HB 183—being a revised version of a previous bill that stalled—will be a critical indicator of how quickly the state intends to operationalize digital-asset investments within its treasury and related entities.

What to watch next

  • Governor DeSantis’ signing decision and any accompanying regulatory guidelines within the next 30 days.
  • Implementation details from the OFR and any joint supervisory arrangements with the OCC, including licensure processes for stablecoin issuers and reporting requirements.
  • Final language and progress of HB 183, including the scope of permissible digital-asset allocations and the timeline for any implementation.
  • Federal regulatory movement around the GENIUS Act and how federal rules may influence state-by-state interpretations of stability, yields, and securities classification.
  • Any subsequent clarifications or amendments as Florida regulators publish guidance on stablecoins and crypto investments.

Sources & verification

  • SB 314 — Florida Senate bill history and status: https://www.flsenate.gov/Session/Bill/2026/314/?Tab=BillHistory
  • Samuel Armes’ X post confirming passage and anticipated signing: https://x.com/samuelarmes/status/2029971078341067249
  • GENIUS Act context and impact on stablecoins: https://cointelegraph.com/explained/what-does-the-us-genius-act-mean-for-stablecoins
  • HB 487 withdrawal and related Florida stablecoin discussions: https://cointelegraph.com/news/florida-takes-strategic-bitcoin-reserve-bills-off-the-table
  • Bitcoin price coverage referenced in the broader regulatory context: https://cointelegraph.com/bitcoin-price

Florida moves to regulate stablecoins and crypto investments

Florida’s legislative activity reflects a broader push to bring stablecoins into a formal regulatory framework while exploring the strategic use of digital assets within state portfolios. The consensus on SB 314—unanimous support in the Senate—underscores a bipartisan drive to codify consumer protections, licensing standards, and supervisory responsibilities that aim to prevent misuse while enabling legitimate financial innovation. At the heart of the proposal is a pragmatic recognition that stablecoins operate as a bridge between traditional payments and digital finance, requiring a robust state-level apparatus to monitor risk, ensure compliance, and preserve financial integrity.

As the bill moves toward the Governor’s desk, the interplay between state and federal rules will be critical. The GENIUS Act’s recent enactment provides a federal frame that Florida appears to be aligning with, particularly in areas touching consumer protection and oversight. Yet state-level rules also must navigate the complexities of cross-border issuance and the practicalities of supervision across multiple financial-regulatory bodies. Florida’s approach—defining licensure for issuers, clarifying which instruments are securities, and establishing oversight pathways—offers a model for how states might tailor regulation without stifling innovation.

In parallel, HB 183’s revisitation signals a broader ambition: to assess the role digital assets could play in state-managed portfolios and public funds. By contemplating a qualified exposure cap and a broader asset class slate, Florida is probing how governance, risk, and liquidity constraints can be balanced in a way that respects prudent fiduciary standards while maintaining the flexibility needed for dynamic asset classes. The evolving language and potential implementation timeline will determine whether Florida becomes a more active participant in the crypto economy or a cautious regulator that seeks to chart a measured future for public entitlements and digital finance.

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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Pi Network’s (PI) Price Soars 16% Again as Team Reveals Distributed AI Computing Plans

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Pi Token Unlock Schedule. Source: PiScan


The project released a case study showing that the vast number of nodes can support decentralized AI training and computing usng spare processing power.

Pi Network’s native token has been on a spectacular run lately, defying the overall market-wide trend by registering consecutive double-digit gains that drove it to a fresh three-month peak of over $0.23 earlier today.

The most probable reasons behind these gains are related to protocol updates and the latest Pi Node case study published by the team earlier this week.

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The Case Study

The team’s statement indicated that they are exploring how the global network of distributed nodes could support decentralized AI training and computing tasks, which could unlock a new layer of utility beyond securing the Pi Network blockchain.

They claimed that the network itself is relatively energy efficient and does not require the full computational capacity of its worldwide node community. Consequently, a large portion of that unused computing power remains available across thousands of machines running Pi Nodes.

The team believes this untapped capacity could be utilized by third parties requiring larger-scale computing resources, especially for AI model training and inference workloads. Pi Node operators who choose to participate in such a system could lend their computing resources and receive cryptocurrency-based compensation for completing computational tasks.

With over 421,000 Pi Nodes globally, representing more than a million CPUs, the network already operates as a large distributed computing environment, continued the statement. Its ecosystem includes tens of millions of claimed KYC-verified users who could potentially provide human-in-the-loop input for AI training tasks.

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“This, in addition to the computing power from Pi nodes, can offer a unique resource for scalable, authentic human input in AI systems, and further complete the one-stop service to AI clients.”

The team said they already ran a pilot with 7 volunteer Pi Node operators. The results were quite promising, as tasks were “correctly pushed to the external testers (volunteer Pi node operators) and valid results were sent back to OpenMind.” They added that the use case was proven: Pi Nodes can opt in to run computations defined and requested by a third party, unrelated to their blockchain obligations, and return meaningful results to a third-party client.

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PI’s Rally

In addition to the promising news for the vast Pi Node community, another possible reason behind the underlying token’s massive run lately could be related to the successful implementation of the protocol v19.9 upgrade and the approaching next one – v20.2, which should be completed by March 12.

PI continues to be the top performer from the larger-cap alts, surging by 16% daily to over $0.23. This is its highest price tag in roughly three months. The asset is now the 40th-largest, according to CoinGecko, with a market cap of over $2.2 billion.

Even the substantial number of unlocked tokens today (almost 21 million) couldn’t shake it off. However, the upcoming schedule shows that more similar days are ahead, which could lead to an upcoming correction.

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Pi Token Unlock Schedule. Source: PiScan
Pi Token Unlock Schedule. Source: PiScan
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Best Crypto to Buy Now: Kraken Becomes First Crypto Firm With Federal Reserve Payment Access, While Pepeto Is Where the Biggest Returns Live

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Best Crypto to Buy Now: Kraken Becomes First Crypto Firm With Federal Reserve Payment Access, While Pepeto Is Where the Biggest Returns Live

Kraken just became the first crypto firm with a Federal Reserve master account, giving it direct access to Fedwire and the payment rails reserved for traditional banks until this week.

When a crypto exchange plugs into the Fed, it is infrastructure becoming permanent, and the best crypto to buy now is the presale entry capturing the bull run returns before institutions absorb supply. Pepeto with $7.5M raised is the 267x setup the best crypto to buy now keeps circling back to.

Bloomberg reported Kraken secured a Federal Reserve master account through the Kansas City Fed, making it the first crypto native company to gain direct access to the US central bank’s core payment infrastructure, while CoinDesk confirmed US Senator Cynthia Lummis called it a watershed moment for the digital asset industry.

When a crypto firm operates on the same rails as JPMorgan, the best crypto to buy now captures the institutional wave before it hits open markets.

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The Best Crypto to Buy Now: Pepeto’s 267x Exchange Infrastructure and the Large Caps Waiting to Recover

Pepeto: the Best Crypto to Buy Now

When you compare every project attracting attention in this market, Pepeto wins that comparison before you even look at the numbers, because while Kraken plugs into the Fed and institutions build the rails, the exchange presale at six decimal zeros is where the listing math creates the kind of returns the best crypto to buy now at large cap scale cannot produce.

The cross chain bridge connecting Ethereum, BNB Chain, and Solana routes assets in seconds. The zero tax engine keeps every trade whole. The risk scoring system checks contracts before your capital commits. The SolidProof audit backs every line of code, and the cofounder of the Pepe ecosystem who built a token to $7 billion leads the team.

From zero to $7.5M raised entirely during consolidation, Pepeto has proven that real utility at presale pricing creates its own demand. The 267x math requires only the listing valuation that exchange tokens with real cross chain infrastructure routinely achieve, and the best crypto to buy now is the one where the returns do not depend on the Fed approving more master accounts or Bitcoin reclaiming $100,000.

The 209% APY staking compounds daily for wallets already inside, and every round that fills while Kraken celebrates its Fed access brings the Binance listing closer, because the exchange infrastructure being built inside the best crypto to buy now Pepeto are the ones able to realistically deliver big returns this year.

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XRP Holds $1.36 as ETF Inflows Reach $1.24 Billion but Returns Stay Capped at $85 Billion

XRP holds at $1.36 according to CoinMarketCap with $1.24 billion in cumulative ETF inflows. Standard Chartered targets $8, but at $85 billion market cap even that target is a 5.6x that takes the full year.

The best crypto to buy now at large cap scale offers store of value, not the multiples exchange presales deliver.

Cardano Sits at $0.25 as Protocol Version 11 Hard Fork Approaches With Modest Targets

ADA trades at $0.25 with Protocol Version 11 targeting March. Even the bullish $1 target is 270% that requires multiple catalysts over months.

The best crypto to buy now conversation confirms large caps during consolidation need patience, while exchange presales deliver faster returns.

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The Bottom Line

Kraken just plugged directly into the Federal Reserve, XRP ETFs pulled $1.24 billion, and still none of that institutional firepower can produce what happens when an exchange presale at six decimal zeros lists on Binance with $7.5M in conviction behind it. The wallets inside right now are not waiting for the Fed to approve anything, they are compounding 209% APY every single day, which means $57 per day on a $10,000 position flowing in while large cap holders sit on drawdowns earning zero.

Those same wallets will be the ones selling to latecomers at 50x after listing day, and the latecomers will be the ones who read this, understood the math, and still chose to wait. Right now, at this exact price, is the lowest entry this presale will ever offer again, because every round that closes pushes the floor higher and the returns smaller. Visit the Pepeto official website and enter the presale now while the maximum return window is still wide open.

Click To Visit Pepeto Website To Enter The Presale

FAQs

What is the best crypto to buy now?

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The best crypto to buy now is Pepeto with $7.5M raised, 209% APY, and 267x exchange infrastructure delivering returns large caps cannot match. Visit the Pepeto official website.

Why is Kraken’s Fed access important?

Kraken is the first crypto firm with Federal Reserve payment access, confirming crypto infrastructure is becoming permanent, and the best crypto to buy now captures the wave before institutions absorb supply.

Should I buy XRP or Pepeto?

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Hold your XRP for the $8 target, but also position in Pepeto because the presale to listing math delivers multiples XRP at $85 billion physically cannot produce.


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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Bitcoin’s ‘Golden Cross’ Signal Points to Explosive Rally

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Bitcoin’s Next Big Price Targets Revealed as Analysts Expect Fresh Rally


Meanwhile, another analyst said that BTC’s run could resume soon as long as it remains above $60,000.

Bitcoin’s deviation from its price compression below $70,000 didn’t last long despite the price surge to $74,000 on Wednesday, and the asset struggles below $68,000 as of press time.

Although it has essentially returned to its familiar trading range as of the past month, one analyst believes the best is yet to come, at least according to the BTC Inter-exchange Flow Pulse metric.

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30 to 40 Days for the Next Rally?

CW noted on X that the metric, which tracks the flows of BTC between spot and derivatives exchanges, had just formed a golden cross, which has acted as the catalyst for an “explosive upward movement” in the past. However, the rally hasn’t been instant after the formation of such a golden cross in previous years.

The analyst said that it took BTC roughly 30 days to go on a wild run after the bear market had ended in 2019. In 2023, the necessary timeframe went up by 10 days. As such, CW believes the next month could be similarly choppy for bitcoin as the previous one was, but added that “the trend has reversed, and an explosive upward rally is not far away.”

Late Bitcoin Buyers to Be Humiliated?

Merlijn The Trader also weighed in on BTC’s current cycle and latest moves, indicating that the cryptocurrency’s patterns are quite obvious and easy to follow. After each “blow-off top,” which was the early October all-time high of over $126,000, the liquidity drains, momentum fades, and the price returns to the macro trendline.

In the case of the current cycle, that level sits around $60,000. He added that as long as BTC doesn’t lose that coveted support for good, the “cycle structure survives.”

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Those who cheered U.S. Bitcoin reserve have spent year watching Trump order languish

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Those who cheered U.S. Bitcoin reserve have spent year watching Trump order languish

President Donald Trump’s move to establish what he called a “Strategic Bitcoin Reserve” within the federal government was greeted with crypto-sector celebration at the start of his administration. The industry cheered it as further cementing the arrival of bitcoin as a mature asset, but a year has passed, and there’s still no reserve.

Trump’s administration performed the initial job of accounting for the government’s crypto holdings, but the U.S. bitcoin reserve is no closer to forming because of the outcome of one concept in the March 6, 2025, order: “the need for any legislation to operationalize any aspect of this order.” Trump’s Treasury Department lacks the needed authorizations for building the specialized accounts. That requires action from Congress, the White House has acknowledged, with Trump’s crypto adviser, Patrick Witt, saying the situation presents “novel legal questions” that must be answered.

Lawmakers such as Senator Cynthia Lummis have pitched reserve legislation, and the current best chance for passage, according to people familiar with the legislative strategy, may be to get it into the National Defense Authorization Act at the end of the year. But Trump’s White House would probably have to re-adopt the issue as a priority cause in order to make that happen.

Conjecture about the planning and funding of the reserve — and its cousin, a separate digital assets stockpile also ordered by Trump to gather every other type of cryptocurrency — has ebbed and flowed. Last month, CNBC markets talking head Jim Cramer spouted a rumor that Trump’s people were poised to start filling the reserve when BTC hit $60,000, despite the lack of a place to put it or money to buy it with.

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The president’s crypto officials continue to demur when asked how much bitcoin the feds actually possess, though some estimates put it at more than 300,000, totalling more than $20 billion.

The major disappointment from the crypto sector about Trump’s bitcoin order was that it didn’t come with any new government purchases of the leading crypto asset. It instead encouraged creative policies that would allow the government to add to the stockpile without spending taxpayer dollars.

Witt, Trump’s adviser, hasn’t been willing to share the leading ideas for obtaining more bitcoin for the fund, which is meant to be held for long-term appreciation, not technically as a strategic reserve that would imply its contents would be released to mitigate any emergencies.

The White House didn’t respond to a request for comment on the halt in progress, but it further underlines that executive orders — a mainstay of Trump’s administration — don’t have the power of law and often act as little more than a high-level steer from the president.

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If Trump’s congressional allies come up with a pitch for the reserve bill to be tucked into the defense bill later this year, that legislative process usually concludes in December. The must-pass funding bill is often used as what DC insiders like to call a “Christmas tree,” a piece of legislation on which they hang a wide array of unrelated bill ornaments, because the package has to get passed. If that’s the plan, it would happen in this session’s “lame duck” period, the point at which some members of Congress will have been voted out of office or chosen to retire — like Lummis — but haven’t yet come to their departure dates.

Lummis’ own bitcoin reserve bill calls for a spending program that gets the U.S. to a holding of a million tokens — about 5% of the total eventual supply. The Wyoming Republican, who is the inaugural chair of the Senate Banking Committee’s first digital assets subcommittee, has so far only managed to get the legislation into the committee, but the panel’s major priority is another crypto matter: passing the Digital Asset Market Clarity Act.

Read More: Why Doesn’t the U.S. Have a Bitcoin Reserve, Yet?

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Binance Formally Rejects US Senate Claims of Iran Sanctions Violations

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Binance Formally Rejects US Senate Claims of Iran Sanctions Violations


The response comes after Senator Blumenthal’s letter raised concerns about Binance’s AML controls and cited reports from outlets such as the New York Times, Fortune, and the WSJ.

The world’s largest crypto exchange has issued a formal response to a letter from US Senator Richard Blumenthal, strongly rejecting claims that its compliance systems are weak or that it enabled any sort of illicit financial activity.

Binance indicated that the media reports cited in the Senate inquiry contain “false, unsupported, and defamatory claims” about its sanctions controls and AML procedures.

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Binance Responds

The statement emphasized that Binance operates a robust compliance program supported by more than 1,500 specialists worldwide and advanced monitoring tools designed to detect suspicious activity. In addition, the company said it had been highly cooperative with law enforcement, adding that it processed over 71,000 such requests in 2025 alone.

It explained that its team helped authorities seize more than $750 million in illicit assets, including almost $580 million for US agencies. Binance also claimed that its exposure to wallets linked to some sort of illegal activity has declined by nearly 97% since early 2024, which includes a 97.3% drop in exposure to major Iranian crypto trading platforms.

Hexa Whale and Blessed Trust, two of the entities named in the inquiry, were proactively investigated and removed from the platform following internal reviews triggered by law enforcement requests. It added that no Binance account conducted direct transactions with Iran-based entities. It also rejected allegations about internal whistleblowers by explaining that employee departures were part of normal turnover.

Nevertheless, the company also said it “acknowledges that absolute zero risk is impossible on public blockchains but relies on robust monitoring and controls to minimize and mitigate risks.”

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The Inquiry

11 Democratic senators, led by Richard Blumenthal, urged the DOJ and Treasury in a letter sent in late February to investigate Binance over alleged Iran sanction violations in 2026. The inquiry cited findings uncovered by the exchange’s own compliance personnel last year, in which they discovered that $1.7 billion in digital assets had flowed to Iranian-linked entities.

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Some of the names identified in the letter included Iran-backed Houthis and the Islamic Revolutionary Guard Corps. It also claims that a Binance vendor allegedly directed $1.2 billion in one instance to Iran-linked accounts.

“We urge you to conduct a prompt, comprehensive review of sanctions compliance on the platform to ensure that it is not once again violating the law and threatening U.S. national security,” wrote the Senators.

They added that Iranians had reportedly accessed more than 1,500 accounts on Binance, and further alleged that the exchange may have been used to help Russia evade US sanctions.

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Circle shifts $68 million in internal payments via its own stablecoin to bypass legacy banks

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Circle (CRCL) shares jump 15% in pre-market as earnings beat estimates

Circle has begun using its own stablecoin infrastructure to move money between internal entities, settling $68 million in transfers using USDC, CEO Jeremy Allaire said Saturday.

The transactions were executed through Circle Mint, the company’s platform for minting and redeeming USDC. The firm’s treasury team used the system to carry out intercompany transfer pricing — routine internal payments between subsidiaries — that would normally be handled via bank wires.

Those transfers often take one to three days to settle and depend on banking hours and cut-off windows. Meanwhile, stablecoin settlement runs around the clock, and the company completed the transfers in under 30 minutes, Allaire said in the X post.

In the first month of using the setup, Circle moved more than $68 million across 11 transactions between eight entities. The firm said roughly 90% of its transfer pricing activity was completed within a single day.

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Treasury teams executed the payments using role-based permissions and approval workflows inside Mint, a setup designed to mirror controls common in corporate banking portals. The platform also produces transaction-level reports aligned with bank statement standards, allowing accounting teams to reconcile onnchain transfers with internal ledgers and external accounting systems.

One persistent challenge in intercompany transfers is “cash in transit,” where funds leave one entity but cannot yet be booked as available by the recipient while the payment clears. Stablecoin settlement shortens that gap because transfers confirm within minutes.

Circle said upcoming updates to Mint will focus on multi-entity treasury operations, including easier transfers between accounts and APIs that connect transaction reporting with accounting systems such as Oracle.

The changes are scheduled to roll out in March, the firm said in a blog post.

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Vertiv (VRT) Stock Drops 3% as Heavy Volume Overshadows Strong Earnings and Analyst Upgrades

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VRT Stock Card

Key Takeaways

  • Vertiv shares declined 3.1% to $241.91 Friday, touching an intraday bottom of $238.65 with trading volume jumping 33% beyond typical levels
  • Analyst sentiment stays positive — RBC increased its price objective to $266, Mizuho pushed theirs to $290, and Roth MKM set a $275 target
  • Fourth-quarter results surpassed expectations: earnings per share hit $1.36 versus the anticipated $1.29, while sales climbed 22.7% from the prior year
  • Company insiders offloaded approximately 412,467 shares totaling around $104.4M during the last three months
  • Directors authorized a $0.0625 per share quarterly dividend on Class A stock, with distribution scheduled for March 26

Vertiv (VRT) shares retreated 3.1% during Friday’s trading session, settling at $241.91 following a dip to $238.65 earlier in the day. The previous session closed at $249.75.


VRT Stock Card
Vertiv Holdings Co, VRT

Trading activity revealed significant action beneath the surface. Approximately 8.07 million shares traded hands — representing a 33% surge compared to the typical daily average of 6.05 million shares. This heightened activity during a negative price movement suggests genuine distribution rather than random market fluctuation.

The decline occurred even as Vertiv’s board of directors declared a quarterly cash distribution of $0.0625 for each Class A common share. Shareholders registered by March 17 will receive payment on March 26.

Such dividend announcements typically indicate leadership’s faith in the company’s ability to generate consistent cash flow. The stock’s performance year-to-date remains robust at 54.16%, meaning this retreat follows substantial gains.

Regarding operational performance, the numbers paint an encouraging picture. Vertiv unveiled its fourth-quarter results on February 11, delivering earnings per share of $1.36 — exceeding the Street’s $1.29 projection by $0.07.

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Quarterly revenue reached $2.88 billion, marginally shy of the $2.89 billion forecast but representing a solid 22.7% increase versus the year-ago period. The prior year’s EPS stood at $0.99, highlighting meaningful profitability expansion.

Looking forward, Vertiv established first-quarter 2026 EPS guidance between $0.950 and $1.010, with full-year 2026 projections ranging from $5.970 to $6.070. The analyst community currently models $3.59 EPS for the ongoing fiscal year.

Street Analysts Maintain Elevated Price Objectives

Wall Street’s conviction hasn’t wavered. After the February earnings disclosure, Mizuho elevated its price objective from $198 to $290 while maintaining an “outperform” designation. Royal Bank of Canada adjusted its target upward from $200 to $266, also with an “outperform” stance. Roth MKM confirmed its “buy” recommendation alongside a $275 valuation.

Weiss Ratings enhanced VRT from “hold” status to “buy” on February 13. Wolfe Research stood as the exception, downgrading from “outperform” to “peer perform” during December.

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According to MarketBeat’s compilation, the consensus includes 1 strong buy, 19 buy, 2 hold, and 1 sell recommendation — translating to a “Moderate Buy” rating with an average price target of $230.28.

Executive Stock Sales Draw Attention

The pattern of insider transactions deserves scrutiny. Throughout the trailing 90-day window, company insiders divested 412,467 shares with an aggregate value approaching $104.4 million.

Director Roger Fradin liquidated 101,666 shares on February 27 at an average transaction price of $252.13, generating proceeds exceeding $25.6 million. Executive Vice President Anders Karlborg disposed of 30,487 shares on February 26 at $246.92 — reducing his ownership position by 46.74%.

Company insiders collectively maintain 2.63% of outstanding shares, while institutional stakeholders control 89.92%.

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The equity commands a market capitalization of $92.55 billion, trades at a price-to-earnings multiple of 70.94, and exhibits a beta coefficient of 2.02. The 50-day simple moving average rests at $201.78, with the 200-day average positioned at $174.70. Current pricing remains substantially elevated above both technical benchmarks.

As of Friday’s close, technical indicators continue signaling a “buy” recommendation.

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Top 5 Oil Stocks to Invest In Now: Exxon (XOM), Chevron (CVX), Shell (SHEL) Lead the Way

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XOM Stock Card

Quick Summary

  • On March 6, 2026, Brent crude prices climbed above the $90 threshold, creating upward momentum for energy sector equities
  • Exxon Mobil delivered annual earnings of $28.8 billion for 2025 while distributing $37.2 billion back to investors
  • Chevron achieved a 12% production increase in 2025, reaching 3.7 million barrels of oil equivalent daily
  • Shell produced $26 billion in free cash flow throughout 2025 and implemented a 4% dividend increase
  • Among the group, ConocoPhillips holds the strongest analyst backing with 20 Buy recommendations from financial experts

Energy stocks are commanding renewed attention from market participants. On March 6, 2026, Brent crude oil prices broke through the $90 per barrel mark following renewed tensions in Middle Eastern regions that created uncertainty in global energy markets. This price surge has repositioned major petroleum producers into focus for investment portfolios.

Five companies currently stand out as compelling opportunities: Exxon Mobil, Chevron, Shell, TotalEnergies, and ConocoPhillips. Each offers distinct advantages in terms of operational capacity, shareholder returns, and professional analyst coverage.

Let’s examine each investment option and explore what sets them apart in today’s market environment.


Exxon Mobil

Exxon Mobil currently trades near $151.21 per share. The energy giant posted annual 2025 profits of $28.8 billion and channeled $37.2 billion back to investors throughout the year — comprising $17.2 billion through dividend payments and $20 billion via share repurchases.


XOM Stock Card
Exxon Mobil Corporation, XOM

During the final quarter alone, Exxon generated $12.7 billion in operating cash flow alongside $5.6 billion in free cash flow. This consistent cash-generating capability positions it as a dependable option for long-term investors.

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Wall Street sentiment leans cautiously optimistic. Recent analyst tallies reveal 9 Buy recommendations, 8 Hold positions, and 1 Sell rating, resulting in a Hold consensus overall. An alternative assessment rated it as a Buy according to 18 financial analysts. The investment community generally views it as a foundational energy sector position.


Chevron

Chevron is currently valued at approximately $189.94. The company’s global production expanded roughly 12% during 2025 to reach 3.7 million barrels of oil equivalent daily, with particularly robust domestic output contributing significantly to this expansion.


CVX Stock Card
Chevron Corporation, CVX

Regarding professional assessments, Chevron holds 13 Buy ratings, 7 Hold opinions, and 4 Sell recommendations across 24 analysts monitored by MarketBeat, establishing a Hold consensus. Another analytical source categorizes it as a Buy from 18 experts.

Chevron maintains its reputation as a premium, steady operator. Financial professionals respect the underlying business fundamentals but express measured enthusiasm about immediate upside potential following recent price appreciation.

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Shell

Shell is currently priced around $84.70 per share. The international major produced $26 billion in free cash flow during 2025, implemented a 4% dividend hike, and completed $13.9 billion worth of stock buybacks throughout the year.


SHEL Stock Card
Shell plc, SHEL

Professional sentiment toward Shell exceeds that of its American counterparts. A recent compilation indicated a Moderate Buy consensus among 18 analysts, including 7 Buy ratings, 10 Hold positions, and 1 Strong Buy recommendation.

Shell’s balance of robust free cash flow generation and financial prudence establishes it as among the most attractive international oil majors available for investment currently.


TotalEnergies

TotalEnergies trades near $78.77 currently. The French energy company concluded 2025 with gearing levels around 15% and distributed approximately $15.6 billion to shareholders. Its portfolio spans oil, natural gas, and liquefied natural gas operations while maintaining investments in renewable energy initiatives.

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Analyst perspectives show divergence. MarketBeat data indicates 7 Buy ratings, 8 Hold recommendations, and 2 Sell opinions, suggesting a Hold consensus. A wider analyst sample assigns it a Buy rating based on 14 Buy, 7 Hold, and 1 Sell recommendation.

TotalEnergies presents attractive valuation and strong financial positioning for investors seeking diversified international energy market exposure.


ConocoPhillips

ConocoPhillips is changing hands at $117.07. The company reported 2025 annual earnings of $8.0 billion and carries a price-to-earnings multiple around 13.3. Among this group, it represents the purest upstream production-focused investment.

Wall Street demonstrates the greatest optimism toward ConocoPhillips. One analytical source tallies 19 Buy ratings, while another documents 20 Buy, 7 Hold, and 1 Sell recommendation — establishing the most robust Buy consensus among the five companies examined here.

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For investors seeking direct exposure to production expansion without owning a fully integrated supermajor structure, ConocoPhillips emerges as the exceptional choice.


Final Thoughts

Each of these five corporations demonstrates substantial cash flow generation, established dividend payment histories, and the balance sheet resilience to navigate softer commodity pricing environments. With Brent crude prices returning above $90 per barrel, market conditions for oil equities have improved considerably compared to recent months.

For investors entering positions today, Exxon represents the most comprehensive quality pick overall. Shell and ConocoPhillips rank as close alternatives. Chevron and TotalEnergies complete the selection as reliable, trustworthy options for extended-timeframe portfolios.

ConocoPhillips presently carries the most favorable analyst consensus among these five companies, supported by 20 Buy ratings from Wall Street professionals.

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