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US Credit Union Regulator Proposes Stablecoin Licensing Path

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Crypto Breaking News

The United States National Credit Union Administration (NCUA) has laid out its first proposed rules under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, detailing how subsidiaries of federally insured credit unions could apply to become federally supervised payment stablecoin issuers. This marks a tangible step toward setting a licensing and oversight framework for a niche of digital assets that regulators view as both a payments solution and a potential systemic risk. The proposal aligns with the NCUA’s broader mandate to supervise credit unions that collectively serve roughly 144 million members and manage about $2.38 trillion in assets as of mid-2025. If the rulemaking proceeds, issuers would need an NCUA-permitted payment stablecoin issuer (PPSI) license before issuing coins, and federally insured credit unions would face investment and lending restrictions related to PPSIs. The agency has also signaled that a forthcoming rule will implement GENIUS Act standards for PPSIs, addressing reserves, capital, liquidity, illicit finance controls, and information technology risk management.

The agency’s stance reflects a cautious yet orderly approach to stabilizing the regulatory ground for stablecoins issued through bank-like affiliates. The NPRM focuses on licensing architecture and investment limits, laying the groundwork for a regulated path to potential stablecoin services for credit union members. The policy landscape around stablecoins in the U.S. has evolved alongside ongoing discussions about the GENIUS Act’s broader technical standards, including soundness provisions and risk controls that would govern PPSIs. Notably, the draft emphasizes that any licensing framework would be built around separate supervised subsidiaries rather than direct issuance by insured depository institutions themselves. This structural choice mirrors a recurring policy design across U.S. banking and payments regulation, seeking to isolate stablecoin activities within regulated, auditable entities while preserving the safety and soundness of the parent institutions.

The draft is notable for its clock and openness provisions. A key feature is a 120‑day deadline to approve or deny an application once it has been deemed substantially complete. If the agency does not act within that period, the application would be deemed approved by default. The rule also ensures a level playing field by stating that an issuer’s choice to operate on an open, public, or decentralized network cannot be used as the sole reason to deny a PPSI application. In addition, the NPRM reiterates a core GENIUS Act design principle: insured depository institutions, including credit unions, would not issue payment stablecoins directly; rather, they would channel activities through separately supervised subsidiaries that meet uniform federal standards.

Stakeholders now have a 60‑day window from the Federal Register publication to comment on the proposed rule before the NCUA moves to finalize or revise the licensing framework. The proposal, in its current form, serves as a narrow but important first step in shaping licensing, oversight, and investment parameters for PPSIs. A second wave of rulemaking is anticipated to implement the GENIUS Act’s broader standards for PPSIs, including risk management and anti‑money‑laundering controls.

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​​Public chain neutral and 120‑day clock

Two features stand out for the broader crypto market. First, the NCUA would be barred from denying a substantially complete application solely because a stablecoin is issued “on an open, public, or decentralized network,” language that explicitly prevents public blockchain issuance from being rejected on that basis alone. Second, once an application is deemed “substantially complete,” the agency would have 120 days to approve or deny it, and if the NCUA fails to act within that window, the application would be “deemed approved” by default.

The draft also implements a central GENIUS Act design choice: insured depository institutions, including credit unions, cannot issue payment stablecoins directly and must instead use separately supervised subsidiaries that meet uniform federal standards. For credit unions, that generally means routing activity through credit union service organizations and other qualifying entities that fall under NCUA’s jurisdiction as “subsidiaries of an insured credit union.” The document, however, is only a notice of proposed rulemaking. Stakeholders have 60 days from Federal Register publication to comment before the NCUA can finalize or revise the licensing regime.

The NPRM signals a cautious but deliberate approach to how traditional financial institutions might intersect with digital assets through regulated vehicles. While the GENIUS Act has been a focal point of debate among policymakers, this initial draft concentrates on licensing mechanics and investment boundaries, deliberately deferring the detailed standards to a forthcoming proposal. The NCUA’s posture suggests an intent to create a controlled pathway for any PPSI that seeks to serve members, rather than open the door to a broad, unregulated stablecoin issuance environment.

As the public comment period opens, market participants and industry observers will be watching for how the agency delineates eligibility criteria for PPSIs, how it defines “substantial completeness,” and how the licensing process interacts with other federal regulators. The regulatory cadence around stablecoins remains a dynamic frontier in U.S. financial policy, particularly as other jurisdictions pursue their own approaches to stablecoin governance and payments infrastructure.

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For now, the rulemaking is narrowly scoped to licensing and investment limits. A forthcoming proposal will implement GENIUS Act standards and restrictions for PPSIs, including reserves, capital, liquidity, illicit finance safeguards, and IT risk management. The NCUA indicated in the notice that the GENIUS Act’s standards would provide a cohesive framework for the prudential oversight of PPSIs operating via insured credit unions’ subsidiaries.

What to watch next

  • 60‑day comment period following Federal Register publication to shape the final rule.
  • Release of the final PPSI licensing framework, including application procedures and eligibility criteria.
  • Publication of the GENIUS Act–driven standards for PPSIs, covering reserves, capital, liquidity, and IT risk management.
  • Any regulatory guidance on investments by credit unions in PPSIs and related vehicle structures through subsidiaries.
  • Potential pilot programs or demonstrations of PPSI services within insured credit unions, subject to approvals.

Sources & verification

  • NCUA press release: NC UA proposes rule permitting payment stablecoin issuer applications — https://ncua.gov/newsroom/press-release/2026/ncua-proposes-rule-permitted-payment-stablecoin-issuer-applications
  • NCUA press release: NC UA releases second quarter 2025 credit union system performance data — https://ncua.gov/newsroom/press-release/2025/ncua-releases-second-quarter-2025-credit-union-system-performance-data
  • GENIUS Act overview and implications — https://cointelegraph.com/learn/articles/genius-act-how-it-could-reshape-us-stablecoin-regulation
  • Magazine coverage: Bitcoin stablecoins showdown looms as GENIUS Act nears — https://cointelegraph.com/magazine/bitcoin-stablecoins-showdown-looms-genius-act-nears/

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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Smart investors are positioning in SolStaking

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Crypto market in panic: Smart investors are positioning in SolStaking - 1

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

A sharp $90 billion crypto market selloff is prompting renewed attention on structured staking models designed to maintain capital efficiency during volatility.

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Summary

  • Bitcoin fell below $66,000, Ethereum approached $1,900, and altcoins dropped up to 7%, pushing sentiment into “Extreme Fear” territory.
  • Rather than relying solely on price recovery, some investors are exploring staking and cloud-based models aimed at generating yield during downturns.
  • SolStaking combines blockchain-based settlement with diversified real-world asset exposure and a defined compliance framework to support more stable participation in turbulent cycles.

Crypto market in panic: Smart investors are positioning in SolStaking - 1

In just a few hours, nearly $90 billion evaporated from the crypto market.

Bitcoin dropped sharply below $66,000. Ethereum slid toward $1,900. Altcoins fell 4%–7%. The Fear & Greed Index plunged into “Extreme Fear.”

This wasn’t just volatility. It was a reminder.

In high-risk cycles, assets without structure bleed the fastest.

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And that’s exactly why capital is shifting toward structured participation models like SolStaking.

Volatility isn’t the problem. Passive exposure is.

When markets crash:

  • Leverage accelerates liquidations
  • Fear drives irrational exits
  • Capital becomes reactive instead of strategic

Simply holding assets without a yield structure means users’ portfolios depend entirely on price recovery. That’s speculation.

Structured staking participation is strategy.

What is SolStaking?

SolStaking is a structured digital asset platform designed to help crypto holders maintain capital efficiency during volatile cycles.

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Instead of relying purely on price appreciation, SolStaking allows users to participate in automated staking and cloud mining models supported by both blockchain infrastructure and diversified real-world asset operations (RWA).

The goal is simple: Keep assets working — even when markets aren’t.

Security and compliance infrastructure

In times of instability, security matters more than yield.

SolStaking operates with a clearly defined compliance and risk framework:

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  • U.S.-registered operating entity: Sol Investments, LLC
  • Asset segregation: User staking assets are kept strictly separate from platform operating funds
  • Independent audits: Periodic audits conducted by PwC
  • Custody insurance: Coverage provided by Lloyd’s of London
  • Enterprise-grade security: Multi-layer encryption, system isolation, and 24×7 risk monitoring

This structure is designed for long-term operational stability, not short-term hype.

Real-world asset support structure

Unlike purely speculative staking models, SolStaking integrates diversified real-world operational assets, including:

  • AI data center infrastructure
  • Sovereign and investment-grade bonds
  • Physical gold and commodity exposure
  • Industrial metal inventory
  • Logistics and cold-chain infrastructure
  • Agriculture and clean energy projects

These assets operate off-chain, generating structured revenue streams that are reflected through automated on-chain contract execution.

The result? Even during heavy market corrections, the operational structure continues functioning.

Contract participation

SolStaking offers various staking and cloud mining contract models tailored to different asset types and time horizons.

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Users can participate using assets such as BTC, ETH, SOL, USDT, and others. Contracts are executed automatically by the system, with daily settlement mechanisms and transparent tracking.

For full details regarding available contract plans, participation terms, and performance structures, users are encouraged to visit the official website for the most up-to-date information.

Why this matters in a bear market

Bear markets don’t destroy capital overnight. They drain it slowly, through inactivity, poor structure, and emotional decision-making.

The difference isn’t who predicts the bottom. It’s who builds a structure that continues operating through volatility. When others are waiting for price recovery, structured participants are maintaining capital efficiency.

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Final thought

Crypto will always be volatile. But how people position their assets during volatility is a choice.

People can wait for the next rally. Or they can structure their assets to operate through the storm.

SolStaking is built for high-volatility markets. To learn more, visit the official website.

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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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Digital assets exchange-traded product landscape: past, present and future

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Chart: Crypto ETPs: Total asset under management by issuers

In today’s newsletter, Joshua De Vos, head of research at CoinDesk, summarizes their latest crypto ETF report covering U.S. adoption, the speed at which it’s happening and asset concentration.

In Keep Reading, we link to the U.S. and Global ETF reports for those who want to do a deeper dive.

Sarah Morton


Digital assets exchange-traded product landscape: past, present and future

Crypto for Advisors – February – Digital Asset ETPs

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Digital asset Exchange-Traded Products (ETPs) are now one of the clearest signals of how quickly crypto is being integrated into traditional portfolio infrastructure. As presented in CoinDesk’s latest research report, the market has moved beyond the early phase of fragmented access and into a period where regulated wrappers and exchange-traded fund (ETF) distribution are materially shaping how capital enters the asset class.

The state of crypto ETP adoption

As of the end of 2025, crypto ETP assets under management (AUM) reached $184 billion. The United States remains the center of gravity, accounting for approximately $145 billion, or close to 80% of global assets AUM. ETFs dominate the product landscape, representing 84.6% of crypto structured products by assets. The market is also heavily skewed toward simple exposure. Around 94.1% of crypto ETPs employ a delta-one strategy, and 96.1% are passively managed.

The growth in AUM has been driven primarily by the launch of U.S. spot bitcoin ETFs in January 2024. The step-change was immediate. The launch cycle pushed crypto ETP assets sharply higher and created a product category that now sits inside the same ETF allocation frameworks used across equities, fixed income and commodities.

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Chart: Crypto ETPs: Total asset under management by issuers

The pace of adoption has also been unusually fast when compared to earlier ETF cycles. U.S. bitcoin ETFs reached $100 billion in assets in just 11 months, while U.S. gold ETFs took nearly 16 years to surpass the same milestone. By early 2025, bitcoin ETFs had matched 91% of the top 10 U.S. gold ETFs by AUM, before gold’s subsequent rally widened the gap. This is less a statement about relative value and more a statement about how quickly bitcoin has been absorbed into institutional distribution channels once the wrapper became available.

Chart: Bitcoin ETFs vs Gold ETFs? Top 10 ETFs by AUM in United States

Scale and concentration

Within the crypto ETP market, exposure remains heavily concentrated. Bitcoin-based products account for $144 billion in AUM, representing 78.2% of total AUM. Ether-based products have reached $26.5 billion, indicating that institutional demand is gradually broadening beyond bitcoin. Outside of those two assets, exposure remains limited. Solana- and XRP-linked products manage $3.8 billion and $3.0 billion respectively, while multi-cryptocurrency ETPs represent 0.62% of total AUM, or $2.16 billion.

Chart: Crypto ETPs: Assets under management by asset

The pipeline broadens

This hierarchy is consistent with how ETF markets typically develop. Institutions tend to begin with the most liquid assets, in the most established structures, before expanding into broader exposure as markets deepen and benchmarks standardise. That dynamic is now beginning to appear in the crypto ETP pipeline. As of end-2025, more than 125 digital asset ETP filings were pending, with bitcoin continuing to lead the filing landscape, followed by XRP and Solana as the most active single-asset categories.

The other notable development is the growing momentum behind basket products. Multi-cryptocurrency ETPs remain a small segment by AUM, but they represent the second most active category by number of pending filings. This matters because basket products tend to become more relevant as markets mature, correlations evolve and concentration risk becomes more apparent. Indices such as the CoinDesk 5 and CoinDesk 20 are increasingly being used as reference points for ETPs, structured notes and derivatives, reflecting the market’s gradual shift toward diversified exposure.

Advisor access

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The expansion of crypto ETPs has also occurred before broad adoption across major advisory platforms. Many large advisors remain in evaluation or early allocation phases, suggesting current AUM reflects initial positioning rather than full participation. That is beginning to change, with firms such as Vanguard only recently expanding client access to crypto ETFs.

Looking ahead, the scale of the global ETF market provides context for how large the category could become. Global ETF and ETP assets are projected to grow to roughly $30 trillion by 2030. Within that framework, even modest allocation decisions have the potential to translate into a materially larger crypto ETP market over time.

This summary was created based on CoinDesk Research’s latest report; Digital Assets ETP Landscape: Past, Present and Future.

Joshua De Vos, research team lead, CoinDesk

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Read the full global and U.S. ETF reports here:

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Flipster FZE Secures In-Principle Approval from VARA, Reinforcing Commitment to Regulated Crypto Access

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Flipster FZE Secures In-Principle Approval from VARA, Reinforcing Commitment to Regulated Crypto Access

[PRESS RELEASE – Dubai, UAE, February 12th, 2026]

Flipster, a global cryptocurrency trading platform, has received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) under Flipster FZE. The approval is a key milestone in Flipster’s expansion into the Middle East and reinforces its focus on building safe, compliant access to digital assets in regulated markets.

The in-principle approval allows Flipster FZE to progress toward offering regulated virtual asset services under VARA’s framework, with spot trading as the initial offering. It reflects Flipster’s long-term strategy to operate within established regulatory frameworks in key global markets.

“This milestone is a meaningful vote of confidence in our long-term commitment to the region,” said Benjamin Grolimund, General Manager at Flipster FZE. “The Middle East has become a blueprint for how digital assets should be regulated and adopted. VARA’s clear framework enables innovation while prioritizing trust and security — and we’re committed to building trading solutions that meet the highest standards globally.”

Flipster’s regulatory progress is matched by its continued enhancement of its compliance infrastructure. The platform’s partnership with Chainalysis enhances its capabilities in transaction monitoring and risk management — supporting Flipster’s readiness to meet VARA’s regulatory standards and operate with greater accountability and oversight.

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Flipster first announced its entry into the Middle East in May 2025, with the appointment of Benjamin Grolimund, a seasoned fintech executive with prior leadership roles at Rain and Bloomberg. The UAE’s regulatory clarity and maturing digital asset ecosystem continue to position it as a strategic base for Flipster’s global growth plans.

About Flipster FZE

Flipster FZE is a regulated digital asset exchange planning to offer spot trading across leading cryptocurrencies. The platform is engineered for dependable execution, transparent pricing, and a streamlined user experience.

With a strong emphasis on compliance and security, Flipster provides users with a trusted venue to access digital asset markets with confidence.

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Users can learn more at flipster.io or follow X.

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Ethereum price nears oversold zone as ETH staking metric hits key milestone

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ethereum price

Ethereum price remained in a bear market as the crypto market continued to weaken ahead of the U.S. consumer inflation report.

Summary

  • Ethereum price has moved into a bear market after falling by 60% from its all-time high.
  • The Relative Strength Index is approaching the oversold level.
  • Ethereum’s staking ratio has jumped to a record high of 30%.

Ethereum (ETH) dropped to $1,985, down by 60% from its highest level in August last year. This is the token’s fourth consecutive week in the red, a move that has shed billions of dollars in value.

Ethereum’s price retreated as demand for its ETFs and futures open interest declined. Data compiled by SoSoValue shows that spot ETH ETFs shed over $129 million in assets on Wednesday, bringing the monthly outflow to over $224 million. It is the fourth consecutive month of outflows, with the cumulative net inflows being $11.75 billion.

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More data show that Ethereum’s futures open interest has continued to fall over the past few months. Its open interest dropped to $23 billion, down sharply from last year’s high of over $70 billion. Falling open interest is a sign that investor demand has waned.

However, there are signs that more Ethereum is being moved today to staking pools. Data show that Ethereum staking recently crossed 30% of the total supply for the first time.

More data show that the staking queue has continued soaring in the past few months. There are now over 4 million ETH tokens in the queue waiting to be staked, with less than 25,000 waiting to exit.

Ethereum price prediction: Technical analysis 

ethereum price
ETH price chart | Source: crypto.new

The weekly timeframe chart shows that the ETH price has been in a strong downward trend in the past few months, moving from $4,950 in August to the current $1,988.

It has crashed below the crucial support level at $2,112, its lowest level in August 2024. 

On the positive side, the coin has formed an inverted head-and-shoulders pattern, a common bullish reversal sign in technical analysis.

Also, the Average Directional Index has dropped from 33 in July last year to 21 now, a sign that the downtrend is losing momentum. 

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Most notably, the Relative Strength Index is nearing the oversold level of 30, its lowest level since April last year. Ethereum has often rebounded whenever the RSI has moved into the oversold zone.

Therefore, as Tom Lee noted, there are signs that Ethereum is about to bottom. If this happens, the next level to watch will be the psychological $2,500 level.

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BlackRock’s BUIDL Fund Hits Uniswap as UNI Jumped 40%

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BlackRock’s BUIDL Fund Hits Uniswap as UNI Jumped 40%


UNI surged 40% in minutes after Uniswap enabled trading for BlackRock’s tokenized BUIDL fund via UniswapX integration.

Uniswap’s UNI token jumped about 40% within half an hour, after Uniswap Labs announced that BlackRock’s tokenized money market fund BUIDL can now trade through its protocol.

The move links one of the world’s largest asset managers with a decentralized exchange, drawing attention from traders and institutional watchers alike.

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BlackRock Fund Trading Goes Live on Uniswap Rails

In a February 11 press release, Uniswap Labs said it partnered with Securitize to make BlackRock’s USD Institutional Digital Liquidity Fund available for trading via UniswapX, its request-for-quote trading system.

The company stated that investors can swap BUIDL with approved counterparties at any time using smart contracts for settlement.

Hayden Adams, CEO of Uniswap Labs, said the integration aims to make markets cheaper and faster, while Securitize CEO Carlos Domingo said it brings traditional financial standards to blockchain-based trading.

BlackRock’s global head of digital assets, Robert Mitchnick, called the launch “a notable step” for tokenized funds interacting with decentralized finance systems. The asset manager also confirmed it has made an investment within the Uniswap ecosystem, though it did not disclose the amount or whether it bought UNI tokens.

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Market reaction followed quickly, with UNI rising by more than 40% in about 30 minutes to touch $4.57 after the announcement and news of BlackRock’s involvement spread across trading desks.

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As of the latest CoinGecko data, the excitement around the token seems to have petered down somewhat, with UNI now trading near $3.40, which is still up about 5% over 24 hours.

Despite the short-term jump, the token is still down about 9% over seven days and more than 35% in the past month, showing that the spike came after a longer decline.

Tokenized Assets Keep Drawing Major Finance Firms

The integration builds on a wider trend of institutions putting financial products on public blockchains. Earlier in the year, the official Ethereum account on X noted that 35 major firms, including BlackRock, JPMorgan, and Fidelity, have launched services tied to the network. Those projects range from tokenized stocks and funds to stablecoins and deposit tokens.

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Securitize, which manages more than $4 billion in assets, has worked with asset managers such as Apollo, KKR, and BNY to tokenize funds. By linking its compliance-focused platform with Uniswap’s trading system, the companies are testing a structure where regulated investors can access blockchain liquidity while remaining within whitelisted environments.

UNI’s recent price swings show how closely traders track institutional activity tied to decentralized finance.

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Tom Lee Says Ethereum Has Never Failed This Pattern and Expects Another V-Shaped Recovery

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Tom Lee Shrugs Off ETH Sell-Off, Says Fundamentals Don't Match Falling Prices


BitMine bought roughly $83 million in ETH this week, even as Ethereum struggles to reclaim $2,000-mark.

Ethereum has remained volatile since October, while the sell-off intensified over the last month. Fundstrat head of research Tom Lee said investor frustration around the leading altcoin’s recent weakness overlooks a long and consistent historical pattern of sharp declines followed by equally rapid recoveries.

In fact, he believes that the bottom is near.

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Ethereum Near the Bottom?

While speaking at a conference in Hong Kong this week, Lee said that since 2018, Ethereum has experienced drops of more than 50% on eight different drawdowns, including a steep 64% fall between January and March last year. In every one of those instances, ETH formed a “V-shaped bottom,” recovering fully and doing so at roughly the same pace as its decline. From his perspective, this track record indicates that the current drawdown does not represent any change in Ethereum’s outlook, and he expects another V-shaped bottom to emerge following the latest sell-off.

Lee also cited BitMine market analyst Tom DeMark’s assessment, who believes Ethereum may need to revisit the $1,890 level to form a “perfected bottom.” Lee added that, based on BitMine’s assessment, ETH appears to be very close to such a bottom, as he drew parallels to previous downturns in late 2018, late 2022, and April 2025.

While Lee refrained from pinpointing the exact low, he argued that the magnitude of the decline itself is more important, and that investors should be thinking in terms of opportunity rather than offloading their stash.

“If you have already seen a decline, you should be thinking about opportunities here instead of selling.”

BitMine Is Buying

His comments came as Ether prices fell to $1,760 on February 6, as it approached the 2025 low of almost $1,400. So far, ETH has continued to struggle to reclaim the $2,000 level after a more than 36% drop over the past 30 days. As weakness in the market continues, BitMine, the ETH-focused treasury firm chaired by Lee, purchased roughly $83 million worth of ETH this week.

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It executed two large buys of 20,000 ETH each via institutional platforms BitGo and FalconX, even as its existing holdings remained significantly underwater.

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Meanwhile, the drawdown has already led to large-scale portfolio adjustments. For instance, Trend Research, a trading firm led by Liquid Capital founder Jack Yi, fully exited its Ethereum positions and closed what was once Asia’s largest ETH long. The firm had built roughly $2.1 billion in leveraged ETH exposure but ultimately realized losses of about $869 million after unwinding its positions despite Yi reiterating a bullish long-term outlook just days earlier.

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Standard Chartered sees bitcoin (BTC) sliding to $50,000, ether (ETH) to $1,400 before recovery

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Standard Chartered sees bitcoin (BTC) sliding to $50,000, ether (ETH) to $1,400 before recovery

Investment bank Standard Chartered lowered its short-term and full-year price forecasts for major cryptocurrencies, citing continued downside risk as exchange-traded fund (ETF) outflows and a challenging macro backdrop pressure the market.

The bank now expects bitcoin to fall to around $50,000 in the coming months, with ether potentially bottoming near $1,400.

The world’s largest cryptocurrency was trading around $67,900 at publication time. Ether, the second-largest, was trading around $1,980.

Geoff Kendrick, Standard Chartered’s head of digital assets research, said the selloff in recent weeks could extend as ETF investors, many sitting on losses, are more likely to reduce exposure than “buy the dip.”

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Once prices establish a bottom, Kendrick said, he expects a recovery through the rest of 2026. The analyst reduced his year-end target for bitcoin to $100,000 from $150,000, ether to $4,000 from $7,500, solana to $135 from $250, BNB Chain to $1,050 from $1,755 and to $18 from $100.

The crypto market has weakened sharply in early 2026, with major assets like bitcoin sliding significantly from late-2025 highs and the total market cap down sharply over recent weeks. Bitcoin has dropped almost 23% since the start of the year.

The downturn has been marked by heightened volatility, large liquidations of leveraged positions and broad risk-off sentiment, which has seen crypto correlate more closely with weakening equity markets.

Macro pressures such as concerns about global growth and interest-rate outlooks have pushed investors toward traditional havens like gold, while stalled regulatory clarity, particularly in the U.S., and liquidity strains at some institutions have weighed on confidence. Combined, these forces have led to reduced trading revenues for crypto-exposed firms and bearish sentiment across many tokens.

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Holdings of bitcoin ETFs have declined by nearly 100,000 BTC from their October 2025 peak, according to Kendrick. The average ETF purchase price is around $90,000, leaving many investors with unrealized losses of roughly 25%.

Macro conditions are also weighing on sentiment. Kendrick noted that while U.S. economic data show signs of softening, markets expect no interest-rate cuts before Kevin Warsh’s first Federal Open Market Committee meeting as Federal Reserve chair in mid-June, limiting near-term support for risk assets.

Despite the expected capitulation, the bank said the current drawdown is less severe than previous cycles. At its worst point in early February, bitcoin was down about 50% from its October 2025 all-time high, and roughly half of supply remained in profit, declines that are sharp but not as extreme as in prior downturns.

Crucially, this cycle has not seen the collapse of major crypto platforms, unlike 2022’s failures of Terra/Luna and FTX. Kendrick said that suggests the asset class is maturing and more resilient.

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The analyst left his longer-term projections unchanged, maintaining end-2030 targets of $500,000 for bitcoin and $40,000 for ether, arguing that usage trends and structural drivers remain intact.

The analyst previously reduced his bullish bitcoin forecasts in December.

Read more: Standard Chartered Throws in the Towel on Bullish Bitcoin Forecast

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BYDFi Joins Solana Accelerate APAC at Consensus Hong Kong

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BYDFi Joins Solana Accelerate APAC at Consensus Hong Kong

VICTORIA, Seychelles, February 12, 2026 — Global crypto trading platform BYDFi participated as a sponsor of Solana Accelerate APAC at Consensus Hong Kong 2026, held alongside Consensus Hong Kong at the Hong Kong Convention and Exhibition Centre. The combined gathering brought founders, institutions, policymakers, and builders together, highlighting Hong Kong’s role as a leading regional hub and a key meeting point for Web3 and blockchain innovation.

BYDFi at Solana Accelerate APAC in Hong Kong

Solana Accelerate APAC convened the Solana community and broader crypto ecosystem around the future of internet capital markets and onchain innovation, set against the backdrop of a global financial center known for clear frameworks and active market participation. BYDFi’s participation marked a first deeper step into Solana-focused programming and community dialogue. Discussions also reflected ongoing market focus on crypto regulation Hong Kong and crypto licensing Hong Kong.

During the event, the BYDFi team was on site to meet attendees, share product context, and distribute limited merchandise, including Newcastle United co-branded items as part of BYDFi’s ongoing brand collaboration with the club. The booth saw strong foot traffic throughout the day.

What BYDFi Is Sharing in Hong Kong

BYDFi used the event to share how a CEX + DEX dual-engine approach can support clearer participation across venues and workflows, particularly for users who want both centralized liquidity and onchain discovery in one connected experience. MoonX, BYDFi’s onchain trading engine, supports Solana and is designed to help users track and navigate fast moving onchain markets with a workflow built for speed, signal clarity, and execution efficiency.

In parallel, BYDFi highlighted reliability foundations that support long term trust in volatile markets, with an emphasis on operational safeguards and service responsiveness. These include over 1:1 Proof of Reserves with periodic public reporting, an 800 BTC Protection Fund, and 24/7 multilingual customer support with timely responses across official channels, including social media.

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Why This Matters for BYDFi and the Solana Ecosystem

Solana Accelerate APAC brought ecosystem builders and market infrastructure discussions into the same orbit. BYDFi’s participation centered on two goals: listening closely to Solana-native users and teams, and exploring deeper collaboration opportunities that can strengthen product coverage, user experience, and market access as the crypto market continues to mature.

Michael, Co-Founder and CEO of BYDFi, said: Solana Accelerate APAC creates the right setting for practical conversations between builders, market participants, and policymakers. BYDFi joined to learn, connect, and contribute in a way that holds up over time. Reliability is built through consistent infrastructure, clear safeguards, and responsive support, and BYDFi will continue strengthening all three as engagement across the Solana ecosystem deepens.

About BYDFi

Founded in 2020, BYDFi now serves over 1 million users across 190+ countries and regions. BYDFi is Newcastle United’s Exclusive Official Crypto Exchange Partner. Recognized by Forbes as one of the Best Crypto Exchanges In Canada For 2026, BYDFi offers intuitive, low-fee trading across Spot and Perpetual Contracts to Copy Trading, and Automated Crypto Trading Bots, empowering both new and experienced traders to navigate digital assets with confidence.

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Solana Price Prediction: SOL Faces $42 Target as Head-and-Shoulders Pattern Emerges

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solana price

The price of Solana (SOL) is teetering on the edge of a major technical breakdown today.

After plummeting 42% over the last 30 days and testing two-year lows, analysts warn that a massive head-and-shoulders pattern on the monthly chart signals a potential freefall.

If support fails, there might be no further support until the price hits $30.

solana price
A bearish head and shoulders setup could be the sign of SOL’s collapse. Source: TradingView

Solana is currently stuck in a “make-or-break” juncture.

Sitting at approximately $82, the token has erased billions in market value, reflecting a staggering 72% loss from its ATH of $293 in January 2025. While typical market corrections are expected, this downward spiral has validated a classic head-and-shoulders bearish structure across its chart from April 2025 to February 2026.

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For traders assessing the damage, whether SOL is one of the best cryptos to buy now might depend on whether key support levels can hold against this macro pressure.

Solana Price Prediction: Does the Head-and-Shoulders Pattern Indicate Imminent Collapse?

Is the bottom in, or is the pain just starting? The charts paint a grim picture.

Pseudonymous X crypto analyst “Shitpoastin” highlighted that a massive head-and-shoulders (H&S) pattern has formed on the monthly chart. This specific setup is notorious in technical analysis for signaling prolonged downturns.

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Analyst Bitcoinsensus confirmed a breakdown from this macro structure, projecting a downside target as low as $50 per SOL.

Other market watchers are even more bearish. Analyst Alex Clay flagged an aggressive target of $42, a level that aligns with a long-watched demand zone from previous cycles. This represents a potential further downside of nearly 50% from current levels.

However, it is not all doom and gloom. Solana’s MVRV extreme deviation bands suggest a potential floor at $75. Historically, SOL has staged rallies, like the 87% bounce in March 2022, after testing these lower boundaries.

Source: Glassnode

Discover: Best crypto to buy for portfolio diversification

What Traders Should Watch Next

If you are holding SOL, the $75 level is your line in the sand.

A decisive daily close below this support could trigger the secondary phase of the correction, mirroring the catastrophic drops seen during the 2022 crashes. This would likely open the floodgates toward the $30 to $42 range mentioned by analysts.

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Despite the price carnage, Solana’s network activity remains high, with fee revenue nearly doubling Ethereum’s recently.

Divergences between price and fundamentals often create opportunities to buy the best crypto, but only for traders who wait for confirmation.

Watch for a reclaim of $100 to invalidate the bearish thesis. Until then, the head-and-shoulders pattern dictates caution.

Discover: The best meme coins on Solana today

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Is XRP Ready to Blast Off? 3 Signs the Ripple Bulls Are Back

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XRP Exchange Reserves on Binance


Here’s what signals that XRP’s bears might step back soon.

The latest market downtrend has not been kind to Ripple’s XRP, whose price slipped by nearly 25% over the past two weeks.

However, some key factors suggest the bulls may soon regain control.

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Rally on the Way?

Last week, Ripple’s cross-border token fell to almost $1.10, its lowest point since November 2024. In the following days, it recovered from the sharp decline and currently trades at roughly $1.40, still well below the levels seen in previous months.

Certain elements, including the XRP exchange reserves, suggest that a further revival could be on the horizon. According to CryptoQuant’s data, the amount of coins stored on Binance recently fell to approximately 2.55 billion, the lowest mark since the beginning of 2024. As of this writing, the reserves on that particular platform stand at around 2.57 billion XRP, or quite close to the local bottom.

XRP Exchange Reserves on Binance
XRP Exchange Reserves on Binance, Source: CryptoQuant

This trend indicates that investors have been shifting from centralized trading venues to self-custody methods, which in turn reduces immediate selling pressure.

The spot XRP ETFs are the next bullish factor on the list. Recall that the first such product in the USA, which has 100% exposure to the asset, saw the light of day in November 2025. It was introduced by Canary Capital, whereas shortly after, Bitwise, Franklin Templeton, 21Shares, and Grayscale did the same.

The investment vehicles have seen solid demand, with total cumulative net inflows surpassing $1.23 billion. The last negative daily netflow occurred on January 29, meaning institutional investor appetite remains high.

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Spot XRP ETFs, Source: SoSoValue

Some technical setups also hint that XRP could make a decisive move to the upside soon. X user Niels spotted the formation of an “inverse head and shoulder pattern” on the token’s price chart. The configuration consists of three bottoms, with the middle being the lowest, and a “neckline” that connects the highs between the dips.

Analysts believe a breakout above the “neckline” could fuel a substantial pump. Niels, for instance, claimed that a jump above the $1.44 level might be that spark.

Something for the Bears

It is important to note that the environment of the broader crypto market remains predominantly bearish, so a renewed downtrend for many leading digital assets (including XRP) in the near future is not out of the question.

XRP’s Relative Strength Index (RSI) also suggests that the bulls may have to take another blow soon. The technical analysis tool measures the speed and magnitude of recent price changes and is often used by traders to identify potential reversal points.

It ranges from 0 to 100, and readings above 70 signal that the asset is overbought and due for a pullback. In contrast, anything below 30 is considered a buying opportunity. Data shows that XRP’s RSI currently stands at around 72.

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XRP RSIXRP RSI
XRP RSI, Source: RSI Hunter
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