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Ethereum is getting two headline signals at once, and they point in different directions.On-chain trackers have flagged a burst of ETH sales linked to Vitalik Buterin, the network’s most recognizable figure.At nearly the same time, the Ethereum Foundation began staking part of its treasury, positioning the move as a long-term shift in how it funds itself and supports the chain.In a stronger market, both developments might register as routine. In today’s thin, risk-off tape, the contrast is the story. One headline looks like selling. The other looks like commitment.As a result, ETH investors are left to decide which message matters…

In brief Bitcoin fell below the $63,000 mark overnight, over 50% from last October’s all-time high mark. Prediction markets now favor a drop to $55,000 before any recovery to $84,000. Trump’s standoff with the Supreme Court over trade tariffs is fueling volatility, pushing investors toward gold. Bitcoin sentiment has taken a dive on prediction markets as the price of the asset dipped below $63,000 earlier Tuesday, briefly putting it more than 50% below its all-time high.Users on Myriad, a prediction market platform owned by Decrypt parent company Dastan, now predict there’s a roughly 71% chance that Bitcoin dips to $55,000 before…

In brief Macro headwinds are overwhelming historically reliable indicators even as Bitcoin flashes rare buy signals, analysts argue. Bitcoin’s Sharpe ratio dropped to -40, a capitulation level seen only four times since 2015, while the USDT 60-day market cap fell below -$3B, signaling liquidity withdrawal and forced deleveraging. Experts are split, with some seeing a late-cycle flush, while others warn price confirmation is still needed. Bitcoin is flashing rare buy signals not seen since previous cycle bottoms—yet a sustained recovery remains elusive, with experts pointing to macro headwinds overwhelming historically reliable indicators.Three metrics are signaling capitulation-level readings as the leading…

In brief Solana-based DeFi projects Step Finance, SolanaFloor and Remora Markets are shutting down their services, Step Finance announced Tuesday. A January hack drained 261,854 SOL, worth some $29 million, triggering a 96% collapse in STEP token value. The closure follows other high-profile DeFi shutdowns. Solana-based DeFi projects Step Finance, SolanaFloor and Remora Markets will be winding down operations, according to a Tuesday tweet by Step.“Following the hack at the end of January we explored every possible path forward, including financing and acquisition opportunities. Unfortunately, we were unable to secure a viable outcome and have made the difficult decision to…

XRP is entering a stretch where on-chain cost basis, leverage, and flow data may matter more than broad market narratives.The token is approaching a critical point after a sharp rise in realized losses, with on-chain activity showing investors moving coins below their purchase prices.That is a classic capitulation signal. It often appears near emotional lows, when weaker holders exit and supply changes hands. It can mark the start of a recovery, but it can also mark the start of a longer repair cycle.Capitulation is visible, but it is not a bottom on its ownSantiment’s weekly realized profit and loss data…

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors fall another 4%; BTC at 63k ZachXBT teases major expose of a top revenue crypto protocol for inside trading Terraforms Labs sues Jane Street for driving the Luna collapse WLFI claims a coordinated attack led to USD1 briefly depegging Crypto dot com receives conditional approval from OCC for bank charter ? Ethereum Is Hardcoding Censorship Resistance Into the ProtocolThe latest Ethereum upgrade has been announced,…

World Liberty Financial’s stablecoin slipped to $0.994 on Feb. 23, a 0.6% deviation that lasted minutes before recovering.For a token backed one-to-one by dollars and government money market funds, with over $5 billion in circulation and the fifth-largest market share among stablecoins, the wobble wasn’t supposed to happen.But it did, and the gap between “should” and “is” reveals the uncomfortable truth crypto still refuses to absorb: political connections and reserve attestations don’t create immunity from runs. They determine how quickly the discount closes.WLFI blamed the slip on what it called “a coordinated attack,” consisting of hacked cofounder accounts, paid influencers…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin treasury company Strategy has completed a new purchase of 593 BTC, the firm’s 100th overall acquisition since it started accumulating. Strategy Has Added 592 BTC To Its Treasury In a new post on X, Strategy co-founder and chairman Michael Saylor has announced the latest BTC acquisition made by the company. This buy, which cost the firm a total of $39.8 million, involved 592 tokens. In terms of scale, the acquisition isn’t anything impressive by Strategy’s standards, but it does mark an important milestone: it’s the 100th…

On Feb. 20, Brazil’s foreign trade council published a technical resolution reducing import duties to zero for a narrow class of hardware: SHA256 Bitcoin miners exceeding 200 terahashes per second with energy efficiency below 20 joules per terahash.Three days later, French state-owned energy giant Engie told Reuters it was considering installing Bitcoin miners at its 895-megawatt Assu Sol plant in northeast Brazil, the company’s largest solar facility globally, to monetize curtailed electricity and improve profitability.The two developments landed within 72 hours of each other, and together they sketch a thesis most observers missed: Brazil is building a pressure valve for…

In brief Arizona’s Senate Finance Committee passed SB 1649 in a 4–2–1 vote on February 16, sending it to the Senate Rules Committee, which cleared it on February 23. The bill would authorize the state treasurer to hold, invest, and loan seized digital assets through a qualified custodian or approved exchange-traded product. The measure is Arizona’s latest attempt to establish a crypto reserve, following Governor Katie Hobbs’ veto of a nearly identical bill in 2025. Arizona lawmakers are moving to establish a state-managed digital assets reserve fund, advancing legislation that would allow the state treasurer to hold, invest, and loan…