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Cardano Open Interest Stalls Below $500M As Derivatives Traders Retreat
Yahoo Finance· 2026-02-18 23:04
Cardano (ADA) is experiencing a notable lack of enthusiasm in derivatives markets, with open interest persistently below $500 million. Open interest serves as a key indicator of market participation and conviction. Recently, open interest slipped to approximately $431 million. Cardano activity has quieted down in recent days. Why are speculative traders stepping away from the tables? The subdued derivatives activity comes as Cardano faces headwinds in the broader cryptocurrency market. ADA has failed t ...
Institutions Aren’t Buying Crypto, They’re Buying the Rails
Yahoo Finance· 2026-02-18 22:38
Institutional capital is flowing into digital markets. But it is not chasing speculative altcoins. Instead, it is targeting tokenization, custody, and on-chain infrastructure. That was the clear message from a recent BeInCrypto Digital Summit panel, where executives from across exchanges, infrastructure, and tokenization platforms discussed how traditional finance is approaching crypto. The discussion featured Federico Variola, CEO of Phemex; Maria Adamjee, Global Head of Investor Relations and Market Str ...
Kraken acquires Magna as crypto deals in 2026 expected to smash $37bn record
Yahoo Finance· 2026-02-18 22:31
Payward, the parent company of US crypto exchange Kraken, has bought token management platform Magna for an undisclosed amount. Payward said Wednesday that the deal would help Kraken offer more than just trading infrastructure. Moving forward, the exchange would feature a “fully verticalised product suite.” “This acquisition accelerates Kraken’s evolution into a platform where issuers, builders, and investors can rely on institutional-grade infrastructure from inception through scale,” Kraken’s head of ...
Peter Thiel Exits ETHZilla Investment After Ethereum Treasury Stock Craters
Yahoo Finance· 2026-02-18 21:04
Billionaire tech investor Peter Thiel exited his 7.5% stake in Ethereum treasury firm ETHZilla during Q4 2025, according to new filings with the SEC.  Thiel's exit comes amid plunging prices for shares of ETHZ, now down about 98% since last year’s peak, per data from Yahoo Finance that factors in a 1-for-10 stock split executed in October. ETHZilla shares peaked at an effective price of $174.60 last August following news that Thiel had created a position in ETHZilla across his various Founders Fund entitie ...
X @Wu Blockchain
Wu Blockchain· 2026-02-18 21:00
Former Binance Listing BD: Manipulators Act Blatantly, No One Looks Long TermOn February 9, former Binance staff Chase was interviewed by Yuzheng Sun on YouTube @kedaibiao. He said the crypto valuation system is mainly composed of liquidity, attention, and chip structure.These three factors determine the medium-to-short-term trend of an asset within 7 days to 3 months, and no one looks at the long term. He emphasized that market makers care about short-term profit rather than value, leading to a lack of lon ...
Harvard shakes up its crypto strategy by selling Bitcoin and purchasing Ethereum
Yahoo Finance· 2026-02-18 20:32
Crypto investments are still prominent in Harvard’s endowment, as filings show that the university has purchased Ethereum. The Ivy League school bought about $87 million in BlackRock’s iShares Ethereum Trust (ETHA), according to filings with the Securities and Exchange Commission released on Friday. The purchase coincided with a decision by Harvard sell 21% of its holdings of the iShares Bitcoin Trust (IBIT). The value of the sold Bitcoin amounted to around $72 million based on an end-of-year closing price ...
Big Short Steve Eisman Favors Schwab, Cites Robinhood's Lack Of 'Margin For Error' Amid Bitcoin-Led Crypto Slide
Yahoo Finance· 2026-02-18 18:31
Core Viewpoint - The article discusses the challenges faced by fintech companies like Robinhood and Coinbase due to declining cryptocurrency prices and high valuations, emphasizing the lack of margin for error in their business models [1][4][3]. Company Performance - Coinbase's revenue has decreased by 22% year-to-date, and it missed earnings per share expectations, reflecting the adverse impact of falling crypto prices on its financial performance [2][3]. - Robinhood has also struggled, missing key metrics such as earnings, revenue, and net new assets, with a significant portion of its customer base investing in cryptocurrencies [3][4]. - Year-to-date, Robinhood's shares have fallen by 34.06%, while Coinbase's shares are down 30.53% [6]. Valuation Comparisons - Robinhood trades at a 2026 Price-to-Earnings (PE) multiple of over 30 times, significantly higher than its competitor Charles Schwab, which has a PE of 17 times [2][4]. - The disparity in valuation multiples indicates that Robinhood operates with little room for error, as any missteps could lead to severe consequences [2][4]. Market Sentiment - The overall sentiment in the market is cautious, particularly regarding assets tied to cryptocurrencies, as retail investors continue to buy dips despite the structural challenges faced by these companies [1][3].
X @CoinMarketCap
CoinMarketCap· 2026-02-18 18:27
LATEST: 📈 HIVE posted a record $93.1 million in Q3 revenue, a 219% YoY increase despite lower Bitcoin prices and rising network difficulty, and signed a new $30 million AI computing contract. https://t.co/LrMAjoVPiZ ...
Ripple Spent Nearly $3 Billion on Acquisitions: How Each One Could Boost XRP Price
Yahoo Finance· 2026-02-18 18:23
Palisade joined in November, adding wallet-as-a-service technology for fintechs. The total disclosed spending was roughly $2.7-$3 billion. Ripple says total ecosystem investments exceed $4 billion when including strategic partnerships and smaller deals.The pace of Ripple acquisitions picked up in 2025. Hidden Road joined in April for $1.25 billion, bringing prime brokerage services that clear roughly $3 trillion annually. Rail followed in August for $200 million, adding stablecoin payment rails for cross-bo ...
Arizona Moves Toward State Bitcoin Reserve: Why This Matters
Yahoo Finance· 2026-02-18 18:15
Arizona just took a massive step toward becoming a crypto heavyweight. The Senate Finance Committee has officially passed SB 1649 by a 4-2 vote, setting the stage for the creation of an Arizona Bitcoin Reserve. This landmark bill allows the state to hold digital assets in its treasury rather than selling them for cash immediately. It signals a historic shift in State Crypto Adoption that could change how governments view your favorite digital coin. To put it simply, usually when a state government seize ...