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IoTeX Suffers $8 Million Hack After Private Key Compromise

Aperture Finance Hack

The post IoTeX Suffers $8 Million Hack After Private Key Compromise appeared first on Coinpedia Fintech News

As the crypto industry adopts AI-focused blockchain netowrk it is exposing itself to more security risks. IoTeX, a blockchain platform built for real-world AI, recently suffered a major security hack, resulting in nearly $8 million in losses.

Here’s how the IoTeX $8 million hack happen & how the IoTeX team is responding to it. Are users’ funds safe?

How IoTeX $8 Million Hack happen?

PeckShield, a blockchain security firm, said the hacker carried out the attack after compromising a private key. As a result, the hacker had complete access to the token safe and could take out various cryptocurrency assets.

The hacker compromised several tokens, including USDC, USDT, IOTX, PAYG, WBTC, and BUSD. They withdrew these assets directly from the smart contract vault, showing they had authorized access rather than exploiting a smart contract bug.

The attack turned serious when the hacker allegedly used the same access to create 111 million CIOTEX tokens.

This unauthorized token creation increased the scale of the damage and raised concerns about token supply integrity.

Stolen Funds Converted From ETH to Bitcoin

The hacker quickly began the process of transferring the stolen assets after stealing the money.

Later, the hacker traded the stolen tokens for Ethereum. The hacker then used the THORChain cross-chain protocol to bridge Ethereum to Bitcoin.

IoTeX Hack

This step makes tracking and recovery more difficult, as funds move across different blockchain networks and become harder to freeze.

Following the hack, the IoTeX native token IOTX drop 7%, trading below $0.050 with a market cap hitting $47.46 million.

IoTeX Team Responds With Investigation 

In reaction to the hack, IoTeX was quick to post on X confirming that they were aware of the hack and were working to investigate the issue.

The team confirmed that they were working with major crypto exchanges and blockchain security partners to trace back the stolen funds and stop any further movement.

We are aware of recent reports regarding suspicious activity involving an IoTeX token safe. Our team is fully engaged, working around the clock to assess and contain the situation.

Initial estimates indicate the potential loss is significantly lower than circulating rumors…

— IoTeX (@iotex_io) February 21, 2026

At the same time, exchanges and partners are helping monitor wallets linked to the attacker and may freeze assets if they enter centralized platforms.

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FAQs

How did the IoTeX hack happen?

The hacker compromised a private key, gaining full access to IoTeX’s token safe to withdraw assets and create 111 million unauthorized CIOTEX tokens.

How much money was stolen in the IoTeX hack?

The recent security breach resulted in approximately $8 million in losses across multiple tokens, including USDC, USDT, and IOTX.

What is IoTeX doing in response to the hack?

IoTeX is collaborating with blockchain security firms and major exchanges to track the stolen funds and freeze assets if they enter centralized platforms.

Bitcoin Price To Dip $40K By Nov 2026, Here’s Why!

Bitcoin Price Crash Slips Below $70K After 15 Months

The post Bitcoin Price To Dip $40K By Nov 2026, Here’s Why! appeared first on Coinpedia Fintech News

Bitcoin, the world’s largest cryptocurrency, has been struggling lately to recover after falling from its all-time high of $126K to around $67K, marking nearly a 50% decline.

While crypto traders eagerly wait for the market to recover, historical data suggest that the Bitcoin price will drop to $40K by no 2026.

Let’s see here’s why!

Why Bitcoin Value Could Fall to $40K?

Bitcoin has a history of very deep corrections after reaching new highs. For example, in 2011, BTC value jumped from $1 to $30, only to correct 93% to below $5. In 2015, it fell 85% from $1,100 to $150 after Mt. Gox collapsed. 

In 2018, the Bitcoin price further dipped by 84% from $20K to around $3100 as investors booked profits. 

Similarly, in 2022, BTC fell by 77% from $69K to around $16K after Tesla decided to stop accepting BTC as a payment, which weakened the market confidence.

Why Bitcoin Value Could Fall to $40K? bitcoin historical continue drop

In this new cycle, Bitcoin already hit a new ATH of $126K in Oct 2025 and is now trading at $67K, down by 50%.

Therefore, if Bitcoin follows its past historical pattern, then BTC will surely dip to 70% from its peak, which will cause the BTC price to reach the $40,000 level.

Market Cycle Predict Bitcoin To Drop To $40K by Nov

Market cycle psychology also supports this bearish outlook. Looking at the Wall Street Cheat Sheet, it shows how Bitcoin moves through emotional stages.

Bitcoin reached a high of $126K during the Euphoria stage, when investors were very excited and expected higher prices. Later, Bitcoin entered the stages of Complacency and Anxiety, where prices dropped, but most thought it was only a normal drop to around $97,620 in Jan 2026.

Market Cycle Predict Bitcoin To Drop To $40K by Nov

Currently, Bitcoin is entering the Anger and early Depression stage, where fear, frustration, and heavy selling dominate. 

In past cycles, this stage often led to a final bottom, and this time, bitcoin will drop to near $40K, possibly by Nov 2026.

After the bottom forms, Bitcoin usually enters the Disbelief and Recovery stages, where prices slowly rise, and a new bull run begins.

Bitcoin Halving Cycle Could Invalidate Historical Trend

Meanwhile, the Bitcoin halving cycle could change this perspective. Because Bitcoin has always peaked after 12 to 18 months after each halving due to a reduction in supply and rising demand. 

After the last BTC halving took place in 2024, Bitcoin may soon enter a strong rally phase by mid-2026, which might invalidate this historical trend.

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FAQs

Why does Bitcoin drop so sharply after reaching all-time highs?

Bitcoin moves in cycles driven by hype and fear. After euphoria peaks, profit-taking and panic selling often trigger deep corrections.

What is the Wall Street Cheat Sheet cycle in crypto markets?

It’s a market psychology model showing stages like Euphoria, Anxiety, and Depression, helping explain Bitcoin’s boom-and-bust price swings.

What is Bitcoin price prediction 2026?

Bitcoin price prediction 2026 ranges from ~$40K in a deep correction to $100K+ or higher if post-halving demand strengthens.

Robert Kiyosaki Buys Another Bitcoin at $67K Here’s Why He’s Bullish Despite Market Weakness

Robert Kiyosaki Says Bitcoin Bull Run Window Closing Fast Grab 0.01 BTC Now

The post Robert Kiyosaki Buys Another Bitcoin at $67K Here’s Why He’s Bullish Despite Market Weakness appeared first on Coinpedia Fintech News

Robert Kiyosaki, the famous author of Rich Dad Poor Dad, has added another Bitcoin to his personal holdings. In a recent tweet post, Kiyosaki confirmed he bought one full Bitcoin at around $67,000, even when the overall crypto market showing signs of weakness.

As of now, Bitcoin is trading around $67827, with a market cap hitting $1.36 trillion. 

Here’s Why Robert Kiyosaki Bought Bitcoin

Kiyosaki, who is very careful about his investment, has shared two key reasons why he is still buying Bitcoin when it dips to $67K.

One of the most important reasons for his latest acquisition is his long-standing worry about the rising debt of the U.S. government. 

He thinks that the Federal Reserve may print more money in the future to control the rising debt levels, which will further reduce the value of the U.S. dollar in the future.

Another important reason for his latest acquisition is the “magical” fixed supply of 21 million Bitcoins.

“When the 21st millionth Bitcoin is mined…. Bitcoin becomes better than gold.”

Kiyosaki has consistently encouraged investors to focus on hard assets such as Bitcoin, gold, and silver.

Whales Dumped & Retail Buying Bitcoin

Additionally, recent on-chain data from Santiment reveals that large Bitcoin holders, mainly whales, have slightly reduced their bitcoin holding since the market peak in October 2025. 

Wallets holding between 10 and 10,000 Bitcoin have dumped about 0.8% of their total holdings after Bitcoin dropped from its ATH of $126K.

Whales Dumped & Retail Buying Bitcoin Robert Kiyosaki

On the flip side, smaller investors, mainly retail traders, are showing growing confidence. Wallets holding less than 0.1 Bitcoin have increased by 2.5% since the October peak.

Experts believe that, for a strong bull run to begin, whales need to join retail traders with strong buying activity.

Institutions Reflect Cautious Stance Toward Bitcoin ETF

It’s not just whale stepping away from bitcoin; meanwhile, institutional investors are acting carefully. Spot Bitcoin ETFs have seen steady outflows over the past two weeks. 

BlackRock’s Bitcoin ETF alone recorded $608.4 million in withdrawals over six straight days.

Despite it there are early signs of recovery. Bitcoin ETFs recently recorded $88.1 million in inflows, while BlackRock’s fund saw $64.5 million return after days of outflows. This could mark the beginning of renewed confidence.

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FAQs

Are Bitcoin whales buying or selling right now?

Recent data shows that large holders, or whales, have slightly reduced their holdings since October 2025. However, retail investors with small wallets have increased their positions by 2.5%.

What is happening with Bitcoin ETFs

Spot Bitcoin ETFs saw recent outflows, including large withdrawals from BlackRock’s fund, though early inflows suggest confidence may be stabilizing.

Can Bitcoin still start a new bull run?

A strong bull run likely needs both whale and retail buying. Rising institutional inflows could also support sustained price momentum.

Tether to Shut Down CNH₮ Stablecoin as Demand Drops

Tether gold reserves

The post Tether to Shut Down CNH₮ Stablecoin as Demand Drops appeared first on Coinpedia Fintech News

Tether, the company behind the world’s most widely used stablecoin USDT, has announced that it will no longer support CNH₮, its offshore Chinese yuan stablecoin.

The company has already stopped the minting of new CNH₮ tokens and will completely stop redemption support within the next year.

No New CNH₮ Tokens, Redemption Deadline Set

On 20th Feb, Tether announced that it had halted the creation of new CNH₮ tokens. However, users who still possess CNH₮ tokens will get a chance to redeem them before the final deadline next year. The company has directed its users to redeem their tokens as soon as possible.

The CNH₮ stablecoin was launched to allow crypto traders to have access to the offshore value of the Chinese yuan. Although the stablecoin had a lot of potential, it never gained as much popularity as the USDT stablecoin.

Over time, trading activity and overall usage of CNH₮ remained relatively low.

Low Activity Forced Tether to Reconsider Its Strategy

Stablecoins are always in need of technical support and maintenance. Over time, CNH₮ failed to achieve enough user activity, and maintaining the token became less practical.

Tether stated that it continuously reviews its product offerings and adjusts according to real-world market usage. CNH₮ simply did not reach the level needed to remain part of its long-term plans.

Therefore, Tether has chosen to focus on markets that have stronger adoption and clearer growth prospects. As the stablecoin sector has become highly competitive, only the most widely accepted and trusted assets continue to grow.

Tether Focuses on Strengthening USDT and Core Infrastructure

Tether is also committed to developing its stablecoin ecosystem. USDT is still the market leader, with huge trading volumes on a daily basis.

Rather than focusing on creating products with low adoption, Tether will now concentrate on improving its stablecoin infrastructure and creating products that will suit its global community.

The move to shut down CNH₮ stablecoin shows how fast the stablecoin market is growing. Stablecoins that do not get enough adoption are eventually phased out, while leaders such as USDT continue to strengthen their base.

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FAQs

Why is Tether discontinuing CNH₮?

Tether is ending CNH₮ due to low adoption and trading activity, choosing to focus resources on higher-demand products like USDT.

When will CNH₮ redemptions officially end?

Tether has stopped minting CNH₮ and will fully end redemptions within the next year. Holders should redeem tokens as soon as possible.

Can I still redeem my CNH₮ tokens?

Yes, CNH₮ holders can redeem tokens before the final deadline next year, but Tether advises acting early to avoid delays.

Does shutting down CNH₮ affect USDT users?

No, USDT operations remain strong. Tether is focusing on strengthening USDT and core infrastructure for long-term stability.

Why MYX Finance Price Up Today By 33%?

MYX Price Prediction Bulls Regain Control as Trend Structure Improves

The post Why MYX Finance Price Up Today By 33%? appeared first on Coinpedia Fintech News

MYX Finance has emerged as one of the top-performing altcoins today, with the MYX Finance price jumping more than 33% to trade around $1.24. However, the sharp MYX price increase comes after a major funding announcement, strong derivatives activity, and growing investor interest ahead of the platform’s upcoming upgrade.

MYX Finance Received Funding From Consensys

One of the biggest reasons behind the MYX Finance price surge is its recent strategic funding round led by Consensys, a leading blockchain technology firm known for developing MetaMask and supporting Ethereum infrastructure. 

Investors often see funding from well-known firms as a sign of credibility and future growth. 

The team made this announcement just before launching MYX V2, which will introduce new features and improve trading efficiency on the platform. As a result, demand for MYX tokens increased rapidly.

Derivatives Trading, Liqudation Spark MYX Price Rally

Another key reason behind the MYX price rally is strong activity in the derivatives market. MYX open interest has jumped nearly 30%, showing that many traders opened leveraged long positions expecting further gains.

MYX Finance price derivative & liquidation chart

In the past 24 hours, traders liquidated about $2.11 million in positions, mostly from short sellers. As the price rose quickly, short sellers closed their trades, which pushed the MYX price even higher.

This short squeeze attracted more traders and increased buying demand.

MYX Trading Volume Surge 200%

MYX Finance price also saw a massive spike in trading volume. In the past 24 hours, MYX trading volume jumped over 200%, reaching approximately $311 million. High trading volume usually confirms strong investor participation and supports price momentum.

This surge in volume shows that both retail traders and institutional investors are actively trading MYX tokens.

MYX Finance Price Prediction

Looking at the MYX 4-hour price chart, it has broken out of its falling channel on the 4-hour chart, showing strong bullish momentum. MYX Finance price is now testing resistance near $1.73, if $1.20 support holds above.

MYX Finance price chart

Further, now all eyes are on today’s PCE data. If momentum continues, MYX could rally toward $2.00, especially if today’s U.S. PCE inflation data comes below the Now 2.8%. 

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FAQs

Why did MYX Finance price surge today?

MYX Finance jumped 33% due to new funding, strong derivatives activity, and growing investor interest ahead of its platform upgrade.

How did Consensys funding impact MYX Finance?

Funding from Consensys boosted credibility and investor confidence, increasing demand for MYX tokens before the MYX V2 upgrade.

Is MYX Finance a good investment after the rally?

While the recent funding from Consensys and V2 upgrade news are positive signs, investors should watch for support at $1.20 and wait for confirmation of sustained momentum before investing.

Senator Lummis Urges Treasury to Use Gold Reserves for Bitcoin

Crypto Queen Senator Lummis Says Unfair Tax Laws Threaten Bitcoin

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U.S. Senator Cynthia Lummis has called on the Treasury Department to consider using America’s gold reserves to buy Bitcoin. The move aims to create a strategic Bitcoin reserve that could help reduce national debt and strengthen long-term financial stability.

Lummis Urges Treasury to Use Gold Reserves for Bitcoin

Senator Lummis proposed that the U.S. Treasury could sell part of its gold holdings or revalue its gold certificates based on current market prices to fund Bitcoin purchases. Her plan suggests acquiring up to 1 million Bitcoin over the next five years.

SENATOR CYNTHIA LUMMIS HAS DEMANDED THAT TREASURY SECRETARY SCOTT BESSENT USES GOLD RESERVES TO BUY BITCOIN

Its coming! 🚀 pic.twitter.com/rruA0FUHif

— That Martini Guy ₿ (@MartiniGuyYT) February 20, 2026

The United States currently holds the world’s largest gold reserves, totaling about 8,133 metric tonnes. These reserves are estimated to be worth around $1.3 trillion at current market prices. 

By converting a portion of this value into Bitcoin, the U.S. could diversify its reserve assets and gain exposure to what many consider a modern store of value.

Lummis has long supported Bitcoin and believes it could help protect the country against inflation and currency weakening over time.

Bitcoin’s Strong Performance Strengthens Lummis Demand

Treasury Secretary Scott Bessent recently highlighted Bitcoin’s long-term growth by pointing to seized Bitcoin assets held by the government. These assets were initially valued at around $500 million but have grown significantly to more than $15 billion due to Bitcoin’s price increase over the years.

JUST IN: 🇺🇸 Treasury Secretary Scott Bessent defends the US having a Strategic Bitcoin Reserve:

"That is an asset of the US government. The asset seizure, that $1 billion of bitcoin was seized, $500 million was retained. And that $500 million has become over $15 billion." pic.twitter.com/cHegIcv0pb

— Bitcoin Magazine (@BitcoinMagazine) February 4, 2026

Currently, the U.S. government holds approximately 328,372 Bitcoin, worth around $22.3 billion. Most of these holdings came from criminal seizures rather than direct purchases.

This strong growth has increased interest among policymakers and institutions in holding Bitcoin as part of long-term financial reserves.

Institutional Demand for Bitcoin Continues Rise

Despite Bitcoin falling nearly 45% from its recent peak, major institutions and financial firms continue to accumulate the asset. Companies like BlackRock, Fidelity, Strategy, and MARA Holdings have increased their Bitcoin positions, showing strong confidence in its long-term value. 

However, institutional buying remains a key factor supporting Bitcoin’s growth. As of now, Bitcoin is trading around $68,202, up 2% in the last 24 hours, with a market cap of $1.36 trillion.

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FAQs

Why does the U.S. want to create a strategic Bitcoin reserve?

The goal is to diversify national reserve assets, reduce national debt, and protect against inflation by holding Bitcoin as a modern store of value.

How much Bitcoin does the U.S. government currently own?

The U.S. government currently holds approximately 328,372 Bitcoin, mostly seized in criminal cases, currently worth over $22 billion.

Is it a good time for institutions to buy Bitcoin after its price drop?

Despite a recent 45% drop from its peak, major firms like BlackRock are buying, signaling strong long-term confidence in Bitcoin’s value.

Bitcoin and Ethereum Options Expiry Today: $2.4B Set to Shake Crypto Markets

Bitcoin and Ethereum Options Expiry Today

The post Bitcoin and Ethereum Options Expiry Today: $2.4B Set to Shake Crypto Markets appeared first on Coinpedia Fintech News

The crypto market may see strong price swings today as Bitcoin and Ethereum options worth nearly $2.4 billion are set to expire. With the crypto market already under pressure, traders are closely watching key levels, including Bitcoin’s max pain at $70,000 and Ethereum’s at $2,050, which could influence short-term price movement.

$2 Billion Bitcoin Options Expiry Today

According to the latest data from Derbit exchange, around 30,012 Bitcoin contracts, including 18,920 call contracts and 11,092 put contracts, are set to expire today, with a total notional value of $2.00 billion. 

Meanwhile, the current put/call ratio stands at 0.59, showing that more traders are betting on the Bitcoin price to rise.

Bitcoin Options Expiry Today

The most important level to watch is the Bitcoin max pain price at $70,000. Currently, the Bitcoin price is trading near $67,772, slightly below the max pain level. 

If Bitcoin moves closer to $70,000, it could reduce payouts for option holders and stabilize market pressure. However, if Bitcoin falls further below this level, bearish momentum could increase.

$404 Million Ethereum Options Expiry Today

Alongside Bitcoin, Ethereum is also seeing a major expiry event, with 205,585 contracts worth approximately $404.5 million ethereum option expiring today. The put/call ratio is 0.75, indicating slightly bullish market sentiment.

Ethereum’s max pain price stands at $2,050, while the current Ethereum price is around $1,955. This suggests Ethereum could see upward pressure toward the $2,050 level as expiry approaches.

Ethereum Options Expiry

Ethereum options expiry data shows 117,410 call contracts and 88,175 put contracts, confirming that most traders expect price strength.

How Options Expiry Could Impact the Crypto Market Today

Options expiry events often increase short-term volatility because traders adjust their positions before settlement. Looking at last week’s options expiry on February 13, 2026, over $3 billion worth of Bitcoin and Ethereum contracts expire

Following the expiry, Bitcoin price rose nearly 4% to $69,395, while Ethereum gained around 5.4% to reach close to $2,060.

Compared to last week, this week’s $2.4 billion expiry is smaller in size. This usually means lower market pressure and reduced volatility. 

However, based on last week’s rally, if market sentiment remains strong, Bitcoin and Ethereum could still see a short-term price recovery after the expiry.

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FAQs

What is Bitcoin and Ethereum options expiry?

Bitcoin and Ethereum options expiry is when crypto options contracts settle on a set date, often causing short-term price swings.

What happens when Bitcoin and Ethereum options expire?

Options expiry can trigger short-term volatility as traders close or roll positions, often pulling prices toward key “max pain” levels.

Can Bitcoin options expiry affect the crypto market price?

Yes, large expiry events can cause short-term volatility and price swings as traders buy or sell assets to close or roll over their positions before settlement.

Does a $2.4B options expiry guarantee a market rally or crash?

No. Expiry increases volatility, but direction depends on sentiment, liquidity, and broader market conditions.

Pi Network News Today: Pi Network Activate Mainnet V19.6 Update

Pi Network News Today

The post Pi Network News Today: Pi Network Activate Mainnet V19.6 Update appeared first on Coinpedia Fintech News

Pi Network News Today: “Tap-to-Earn” mobile mining Pi Network has rolled out its latest mainnet upgrade, Protocol Version 19.6, marking a key step to improve network performance and stability. The update also comes as Pi Network celebrates its mainnet launch anniversary. 

However, despite this major upgrade, Pi Coin has dropped 6% after gaining 28% in the previous week’s rally.

Pi Network V19.6 Upgrade Improves Stability and Network Performance

According to the official announcement by PiCoreTeam, the Pi Network V19.6 update has now been fully deployed on the main network. This upgrade introduces improvements in overall network stability, node synchronization, and smoother communication between nodes, resulting in better blockchain reliability.

This upgrade is part of Pi Network’s long-term plan to strengthen its infrastructure and prepare for future protocol versions. 

Network Update: Protocol v19.6 migration successfully completed ✅ Next up is v19.9 — the final step before v20. Node operators should make sure they’re upgraded and stay tuned for further instructions: https://t.co/mnbwVzhaD9

— Pi Network (@PiCoreTeam) February 20, 2026

Faster, more stable node communication helps reduce delays, improve transaction validation, and strengthen the network’s infrastructure.

The Pi Core Team has urged node operators to update their software to stay connected to the Pi blockchain and help maintain decentralization and security.

Pi Network Prepares for V19.9 Upgrade Ahead of V20 Release

Following the V19.6 upgrade, the Pi Network team has scheduled Protocol Version 19.9 for release on February 27. This upcoming version is expected to be the final step before the major V20 upgrade, which could introduce more advanced features and improvements.

Protocol upgrades play an important role in blockchain development. They help improve security, increase scalability, and prepare the network for future growth. 

The transition toward Protocol V20 is especially important because it could support wider adoption.

Each upgrade brings Pi Network closer to its goal of building a fully decentralized and scalable blockchain ecosystem.

Pi Coin Price Drops by 7% today

Despite the successful upgrade, Pi Coin has dropped 7.6% today and is currently trading around $0.1760. The pullback appears to be driven by profit-taking, as the token had rallied nearly 27% over the past seven days on strong optimism surrounding the network upgrades.

Another major factor impacting Pi’s price is the ongoing token unlock schedule. On-chain data shows that approximately 85 million PI tokens are set to unlock in February, followed by 111 million in March, 86.4 million in April, and 78.8 million in May.

As the number of newly unlocked tokens gradually declines in the coming months, selling pressure could ease. If demand remains strong, Pi Coin may have a chance to retest last week’s high of $2.06.

Never Miss a Beat in the Crypto World!

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FAQs

What is the Pi Network V19.6 upgrade and why is it important?

Pi Network’s V19.6 upgrade improves node sync, stability, and transaction reliability, strengthening the blockchain ahead of future major updates.

Why is Pi Coin price down after the upgrade?

Pi Coin dropped 6% today due to profit-taking following last week’s 28% rally, combined with ongoing token unlocks increasing short-term selling pressure.

Can Pi Coin recover and retest recent highs?

If demand stays strong and unlock pressure eases, Pi Coin could retest last week’s highs as network upgrades boost investor confidence.

UAE Royal Group Builds $453M Bitcoin Reserve Through Mining

UAE Government Mines $455M in Bitcoin via Citadel Mining

The post UAE Royal Group Builds $453M Bitcoin Reserve Through Mining appeared first on Coinpedia Fintech News

The United Arab Emirates has quietly built a massive Bitcoin reserve worth over $453 million through its Royal family mining operation. The holdings, linked to Citadel Mining, highlight the country’s growing long-term commitment to Bitcoin as a strategic digital asset.

UAE Quietly Built $453M Bitcoin Stack

Blockchain analytics firm Arkham Intelligence tracked 37 crypto wallets connected to Citadel Mining, an operation tied to Abu Dhabi’s Royal Group through its investment arm.

These wallets currently hold around 6,782 BTC, valued at approximately $453.6 million. The data shows that most of this BTC was generated through bitcoin mining rather than buying from exchanges. 

Arkham tracked UAE Bitcoin Mining

Arkham estimates that the UAE is already sitting on profits of around $344 million from its Bitcoin mining operations, excluding energy and operational costs.

More importantly, the UAE has not made any major Bitcoin outflows in the past four months, signaling a clear long-term holding strategy.

UAE Expands Bitcoin Mining With Large Industrial Infrastructure

The UAE’s Bitcoin mining expansion began in 2022, when Citadel Mining launched large-scale operations in Abu Dhabi. 

The country strengthened its position further in 2023 through a major partnership between Marathon Digital and Zero Two, an Abu Dhabi-based company.

This partnership focused on developing large immersion-cooled mining facilities with a total capacity of 250 megawatts. These advanced facilities allow efficient Bitcoin mining while reducing operational costs.

By producing Bitcoin domestically, the UAE avoids relying on external markets and gains direct exposure to Bitcoin’s long-term value growth. This move highlights a bigger global shift. Governments are no longer ignoring Bitcoin. 

UAE Emerges as One of the Largest State Bitcoin Holders

Based on current data, the UAE now ranks 6th among the top sovereign-linked Bitcoin holders globally. Its holdings are larger than El Salvador’s national Bitcoin reserves and place it among countries actively building strategic crypto positions.

Unlike traders who sell quickly, the UAE is showing a clear long-term strategy. By mining and holding Bitcoin, the country is treating it more like digital gold rather than a short-term trade.

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FAQs

Is the UAE selling its Bitcoin reserves?

No, the UAE hasn’t made major Bitcoin outflows in months, signaling a long-term holding strategy.

How did the UAE acquire its Bitcoin?

Most of the UAE’s Bitcoin comes from domestic mining rather than buying on exchanges, boosting long-term strategic reserves.

Why is the UAE investing in Bitcoin mining?

Large-scale mining lets the UAE produce Bitcoin efficiently, cut costs, and gain direct exposure to its long-term value.

Altcoin Flash First Bullish Candle in 5.8 Years, February Key for Altcoin Season

When will altcoin season start

The post Altcoin Flash First Bullish Candle in 5.8 Years, February Key for Altcoin Season appeared first on Coinpedia Fintech News

After years of weak performance, altcoins may finally be showing their first real sign of recovery. A rare bullish candle has now appeared on the ALT/BTC chart for the first time in 5.8 years. This signal is not just a small move, but something that has historically marked the beginning of a major altcoin season rally.

ALT/BTC Chart Flashes Major Bullish Breakout

Popular crypto trader Ash Crypto said altcoins have printed their first strong bullish candle against Bitcoin in 5.8 years. This is a big change, as altcoins have been falling since their 2021 peak.

However, the ATL/BTC chart shows a clear resistance line that pushed altcoins lower for years. Now, altcoins are testing this level again while holding support, showing the downtrend may be ending.

ALT/BTC chart breakout suggests altcoin season

At the same time, the MACD indicator has stayed green for two months and has given a bullish crossover. This is a key sign that selling pressure is fading and buyers are slowly returning to the altcoin market.

Historically, such signals usually appear during the early stage of an altcoin cycle. 

Altcoin Season Index Shows Market Is Still Early

Another key signal is the Altcoin Season Index, which is now around 51. This shows the market is starting to recover, but a full altcoin rally has not begun yet.

In past bear markets like 2018 and 2022, the index fell below 25 and even reached 5, showing strong fear and heavy selling. During bull runs, it rose to 95 in 2017 and 85 in 2021. 

The move back to 51 now suggests altcoins may be slowly gaining strength again.

February Monthly Close Could Confirm Altcoin Rally

One of the most important factors now is how February closes. If February finishes with a green monthly candle, it could confirm that altcoins are entering a new growth phase.

The last time this type of bullish signal appeared, the altcoin market saw explosive growth. Altcoin market cap expanded by nearly 1,000% to 1,500% during the following cycle.

Altcoin price chart

Many top altcoins delivered gains of 10x to 100x as capital rotated away from Bitcoin into smaller assets.

If this trend continues, it could mark the beginning of a new altcoin season.

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FAQs

Is altcoin season starting now?

Altcoins are showing early recovery signs, but a confirmed altcoin season needs sustained outperformance versus Bitcoin and higher market momentum.

Why do altcoins outperform Bitcoin during altcoin season?

As Bitcoin stabilizes, investors rotate profits into smaller coins seeking higher returns, increasing volatility and upside potential.

What role does Bitcoin dominance play in altcoin season?

Falling Bitcoin dominance often signals capital shifting into altcoins, a common early indicator of a broader altcoin rally.

How long does altcoin season usually last?

Altcoin seasons typically last a few weeks to several months, depending on liquidity, macro trends, and Bitcoin’s price stability.

Here’s Why Bitcoin Price is Falling Continues?

Bitcoin price today

The post Here’s Why Bitcoin Price is Falling Continues? appeared first on Coinpedia Fintech News

Over the past month, the Bitcoin price has dropped 26%, falling from its January high of $97,682 to around $67,190. It is struggling to recover, which has made many investors worried. Even with strong institutional buying and strong global liquidity, Bitcoin value is still lagging behind assets like gold and silver.

Lost Bitcoin Supply and Quantum Computing Fear

One major concern affecting Bitcoin value is the large amount of lost or inactive coins. Crypto experts estimate that around 3.5 to 4 million BTC, nearly 18% of the total supply, have not moved since Bitcoin’s early days and are believed to be permanently lost.

Perhaps, with fast progress in quantum computing, analysts believe these old wallets could become easier to access in the future. Even though this risk is not confirmed, markets react to such possibilities. 

Bitcoin price Supply

If investors expect some of these coins to return, it increases future supply fears, which can put pressure on Bitcoin’s price.

Institutional Buying Matches Lost Bitcoin Supply

Interestingly, institutional investors have been buying Bitcoin aggressively over the past few years. Since the launch of the spot Bitcoin ETF, institutions & corporations have accumulated around 2.5 to 3 million BTC. This amount is almost equal to the number of coins believed to be lost.

This means that while new demand exists, the fear of future supply returning is balancing out bullish momentum. As a result, Bitcoin is not seeing the strong price growth many expected.

Massive Bitcoin Redistribution Adds Selling Pressure

On-chain data shows that around 13 to 14 million BTC have already moved in this market cycle, marking the largest redistribution in Bitcoin’s history.

Despite this massive movement, Bitcoin did not see a full crash. This shows the market has already absorbed a large amount of supply.

Because of this, fears about another 3 to 4 million BTC returning in the future may have a smaller impact than many expect.

Bitcoin Price Liquidations Trigger Market Panic

Bitcoin price also reacted after the Fed decided to keep interest rates unchanged. This added pressure on the market. Coinglass data shows that around $223 million was liquidated in the last. 

Meanwhile, Bitcoin alone saw a liquidation of $78 million after falling below its important 200-week EMA level near $68,000. 

As of now, Bitcoin is trading near $66,900, showing continued weakness in market momentum.

Fed Minutes News: Powell, Waller Signal Delay in Rate Cuts

FOMC Minutes to Release Today

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The latest Fed minutes news released on February 18, 2026, show that Federal Reserve officials remain cautious about cutting interest rates, signaling that a rate cut in March is unlikely.

While some members support future rate cuts if inflation falls further, others prefer to keep rates unchanged for longer and closely watch economic conditions.

Fed Minutes News: No Rate Cut In March

According to the Fed meeting minutes, officials decided to keep interest rates unchanged in the 3.50% to 3.75% range after several cuts in late 2025. All 19 governors and regional presidents attended the meeting, but only 12 had voting rights.

Out of them, the FOMC voted 10–2 in favor of holding rates steady, showing that most members prefer to pause and watch economic conditions instead of rushing into more rate cuts. 

FED MINUTES: ALMOST ALL PARTICIPANTS SUPPORTED JANUARY RATE PAUSE

— *Walter Bloomberg (@DeItaone) February 18, 2026

Based on current Fed guidance and market expectations, analysts now believe there will likely be no rate cut in March. 

The CME FedWatch Tool also shows a 94% probability that rates will remain unchanged.

Fed Officials Remain Divided on Rate Cut Timeline

Even though the Fed decided to keep interest rates unchanged, officials are still divided about the next move. Some policymakers, including Stephen Miran and Christopher Waller, disagreed in favor of a 25-basis-point rate cut. 

Christopher Waller said the central bank should avoid cutting rates too early, as inflation could rise again if financial conditions loosen too quickly

At the same time, the newly appointed next Fed Chair, Kevin Warsh, has shown support for lower rates, while other officials remain cautious and have not ruled out possible rate hikes if inflation stays high. 

Based on current Fed guidance, most analysts believe rate cuts are more likely in mid-2026 rather than March. As the current Fed Chair Jerome Powell’s term is going to end this year in May.

Crypto Market Reaction: Bitcoin and Altcoins Face Pressure

The Fed minutes news had an immediate impact on crypto markets. However, Bitcoin price dropped 1% to now trading around $67,150. Similarly, other altcoins, including XRP, SOL, and Doge, have seen a slight price drop to around 5% today.  

Eventually, higher interest rates reduce liquidity, which often slows demand for risk assets like Bitcoin and altcoins.

When the Fed delays rate cuts, investors tend to move capital into safer assets like bonds, reducing demand for Bitcoin and altcoins.

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FAQs

Will the Fed cut interest rates in March 2026?

No. The latest Fed minutes signal a March rate cut is unlikely, with most officials preferring to hold rates steady for now.

What is the current Federal Reserve interest rate?

The Fed kept rates unchanged in the 3.50%–3.75% range, following several cuts made in late 2025.

How did the crypto market react to the Fed minutes?

Bitcoin fell about 1%, and major altcoins dropped up to 5%, as higher rates typically reduce liquidity for risk assets.

Fact Check: Are BRICS Nations Partnering With Ripple to Use XRP Ledger for a Global Digital Currency?

Fact Check: Are BRICS Nations Partnering With Ripple to Use XRP Ledger for a Global Digital Currency?

The post Fact Check: Are BRICS Nations Partnering With Ripple to Use XRP Ledger for a Global Digital Currency? appeared first on Coinpedia Fintech News

BRICS nations, including Brazil, Russia, India, China, South Africa, and many other nations, have publicly discussed reducing reliance on the US dollar in cross-border trade. 

But new news is circulating on X that BRICS nations are in talks with Ripple, a leading cross-border payment solution, to create a global digital currency and may use the XRP Ledger for payments between member countries.

So Coinpedia stepped in to fact-check whether the claim is real or just another rumor.

Who Made This Claim?

An X user known as “Ledger Man” claimed that BRICS countries were “talking with Ripple” to use the XRP Ledger (XRPL) for central bank digital currency infrastructure.

But is this claim actually true? Let’s break it down.

Coinpedia’s Key Findings: What’s Actually True?

No Official Confirmation From BRICS or Ripple

As of now, there is no official statement from BRICS governments or Ripple confirming any partnership involving the XRP Ledger.

However, major international partnerships involving central banks are always publicly disclosed, and no such announcement exists.

BRICS Is Developing Its Own Payment Infrastructure

BRICS nations are actively working on alternative payment systems such as BRICS Pay and cross-border settlement platforms to reduce reliance on the U.S. dollar.

Instead of adopting XRP, BRICS is working on a gold-backed digital settlement unit to facilitate trade among member countries.

Therefore, their is no official document stating that XRPL has been selected as the underlying infrastructure.

Ripple Has Central Bank Partnerships, But Not With BRICS

Ripple has partnered with several individual financial institutions and central banks globally to explore blockchain-based payments.

However, there is no evidence that BRICS as an organization has entered into any agreement with Ripple.

Summary Table: Coinpedia’s Evidence Against the Theory

Claim Made by TheoryCoinpedia’s Counter-Evidence
BRICS working with Ripple officiallyNo official BRICS or Ripple confirmation
XRP Ledger selected for BRICS paymentsNo verified adoption announced
BRICS building XRP-based digital currencyBRICS developing independent CBDC systems

Conclusion

ClaimAre BRICS countries exploring Ripple XRP Ledger for digital payments?
Verdict❌ False
Fact-Check by CoinpediaAs per Coinpedia research and review of official sources, there is no verifiable evidence that BRICS countries are working with Ripple or using the XRP Ledger for digital payments.
The rumor appears to have started from speculation around BRICS de-dollarization efforts and Ripple’s blockchain infrastructure expansion.Until then, this claim remains unverified and speculative.
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Why World Liberty Financial Price Is Up Today After Mar-a-Lago Event

WLFI Turns Bullish as Price Reclaims Key Zone

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The Donald Trump family-backed project, World Liberty Financial, has seen its WLFI token price surge nearly 20% today. As of now, the $WLFI price is hovering around $0.1175, giving it a market cap of about $3.13 billion.

While most major coins trade in the red, this sharp rise raises questions among investors: why is the World Liberty Financial WLFI token price up today?

Why WLFI token price up today?

WLFI Event at Mar-a-Lago

One of the biggest reasons behind the World Liberty Financial WLFI price rally is a high-profile event taking place at Mar-a-Lago, Donald Trump’s Florida resort, on 18th February. 

As per the WLFI announcement, the event will host CEOs from major financial and crypto firms, including Coinbase, BitGo, Nasdaq, Franklin Templeton, and Goldman Sachs. Other well-known figures include rapper Nicki Minaj, investor Kevin O’Leary, and the president of FIFA and the NYSE. 

Around 300 global leaders will attend the event. Several experts expect World Liberty Financial (WLFI) to make major announcements today. 

WLFI Whale Buying Activity Boosts Investor Confidence

Another key factor supporting the WLFI price surge is aggressive whale accumulation. On-chain data shows that a newly created wallet spent approximately $2.75 million USDC to purchase over 21 million WLFI tokens in a single transaction.

WLFI token buying

However, wallets linked to the World Liberty Financial team have also increased their holdings. One team-linked wallet reportedly received $10 million from Coinbase, signaling strong internal confidence in the project’s future.

WLFI Trading Volume Jumped 120%,

This increase in whale buying has pushed WLFI trading volume up nearly 120% in the past 24 hours, reaching around $242 million. Rising volume often signals that investors are showing stronger interest in the asset.

At the same time, open interest rose about 40% to roughly $250 million, while funding rates stayed negative. This suggests many traders were betting against the token.

WLFI open interest

Liquidation Add More Pressue On Short seller

As the WLFI price started rising, short sellers closed their positions, creating additional buying pressure.

Over the past 24 hours, WLFI recorded approximately $1.18 million in total liquidations, with $770,000 coming from short positions alone.

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FAQs

Why is the WLFI token price up today?

WLFI rose nearly 20% due to a high-profile Mar-a-Lago event, strong whale buying, rising trading volume, and short liquidations boosting demand.

What is the Mar-a-Lago event for World Liberty Financial?

It’s a high-profile summit at Donald Trump’s resort hosting CEOs from Coinbase and Goldman Sachs, where experts expect World Liberty Financial to make major announcements.

What does the spike in WLFI trading volume indicate?

The sharp increase in volume, up 120% to $242 million, signals strong investor interest and confirms that the price move is backed by real market activity.

Is WLFI token a good investment?

WLFI’s rally reflects positive sentiment, but crypto investing carries risk—research fundamentals, news, and your own goals before deciding.

Bitwise Files PredictionShares ETFs to Track U.S. Election Results

Bitwise Expands Into Staking With Chorus One Acquisition

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Global crypto asset manager Bitwise, which oversees more than $15 billion in assets, has filed to launch PredictionShares ETFs designed to track 2028 U.S. election results.

The filing shows plans to launch six separate ETFs tied to the outcomes of major U.S. elections.

Bitwise Files PredictionShares ETFs

On 17 Feb, Bitwise submitted a prospectus to launch six prediction-market ETFs under its PredictionShares brand. These ETFs will be listed on NYSE Arca and structured as part of the Bitwise Funds Trust.

Meanwhile, the lineup he proposed includes funds tied to the 2028 U.S. presidential election and the 2026 congressional elections. 

  • Two funds will track whether a Democratic or Republican candidate wins the presidency in November 2028. 
  • Another two funds will focus on which party gains control of the U.S. Senate in November 2026, while the remaining two funds will track control of the House of Representatives.

The filing confirms that each PredictionShares ETF will function as an exchange-traded fund designed to provide returns based on specific U.S. political election outcomes.

Bitwise is offering separate ETFs

Prediction Market ETF Structure Uses Binary Event Contracts

According to the prospectus, each Bitwise PredictionShares ETF will invest at least 80% of its net assets in binary event contracts traded on Commodity Futures Trading Commission (CFTC) regulated exchanges. These contracts operate with a fixed payout structure. 

If the predicted political outcome occurs, the contract settles at $1. If the outcome does not occur, the value settles at $0.

Bitwise CIO Matt Hougan said prediction markets are growing rapidly and becoming more important in global financial markets.

The company sees prediction market ETF exposure as a new opportunity for investors seeking alternative strategies.

Other ETF Issuers Joining Bitwise

Following Bitwise’s footsteps, GraniteShares also filed on February 17 for six similar ETFs based on U.S. election outcomes. The structure of its proposed funds is almost the same, focusing on political event contracts.

These filings came shortly after Roundhill applied for election-based prediction-market ETFs, signaling rising interest in this space.

Roundhill just filed for a bunch of ETFs that track prediction markets for political elections. Using event contracts. Potentially groundbreaking. If this goes through wow opens up huge door to all kinds of stuff. Ht ⁦@Todd_Sohnpic.twitter.com/qmltjlguqn

— Eric Balchunas (@EricBalchunas) February 13, 2026

However, the SEC has not approved any of these products yet. If approved, they could create a new category of regulated investment ETFs linked to U.S. election results.

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