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Michael Saylor Says, “Go Bitcoin Today — The Money Won’t Fix Itself”

Abdulkarim Abdulwahab
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Michael Saylor Says, “Go Bitcoin Today — The Money Won’t Fix Itself”

Michael Saylor has issued a fresh call to action to the public, saying: “Go Bitcoin today,” and adding that “the money won’t fix itself.”

Bitcoin is trading in the red at $67,800, with market sentiment sliding to an extremely low reading of 8. Meanwhile, the message reflects Saylor’s long-held belief that individuals and corporations must actively choose Bitcoin as a hedge against the steady erosion of fiat currencies.

In his view, waiting for traditional monetary systems to improve is not a strategy. Instead, he argues that financial sovereignty requires the deliberate adoption of Bitcoin.

Key Points

  • Michael Saylor urges the public: “Go Bitcoin today — the money won’t fix itself.”
  • Strategy holds 714,644 BTC, over 90% of January’s corporate Bitcoin purchases.
  • At $67K, Strategy faces $5.9B unrealized losses but continues long-term buying.
  • Saylor’s rule: buy Bitcoin, do not sell — focus on conviction, not short-term price.

Strategy’s Expanding Bitcoin Bet

Saylor’s conviction is backed by scale. His company, Strategy, holds 714,644 BTC as of today. It accumulated the stash at an average cost of $76,056 per coin and represents more than 90% of January’s corporate Bitcoin purchases, according to recent data.

Earlier this week, Strategy added another 1,142 BTC for approximately $90 million at an average price of $78,815. This brings total holdings to over $54 billion in Bitcoin, acquired over nearly six years of steady accumulation.

However, with Bitcoin trading below its average acquisition range, the company is once again facing scrutiny. At recent prices near $67,000, Strategy’s position reflected an estimated unrealized loss of $5.9 billion.

Strategy Bitcoin Holdings
Strategy Bitcoin Holdings

High-Conviction Treasury Strategy

Strategy now dominates corporate Bitcoin adoption. Public companies collectively hold roughly 1.13 million BTC, and Strategy accounts for nearly two-thirds of that total. In January alone, it represented over 97% of net new corporate Bitcoin additions.

Nearly 200 public companies hold Bitcoin, and a core group is buying at least 1 BTC daily. Meanwhile, most of the buying is concentrated among a few, led by Strategy.

The company has tied its accumulation plan to a long-term treasury framework. In its Q4 2025 disclosure, Strategy outlined a seven-year roadmap targeting significant growth in Bitcoin per share by 2032, with projections based on various yield assumptions.

Buy Bitcoin — and Do Not Sell

Saylor has repeatedly emphasized that the firm is not attempting to time the market. Instead, it follows a structured accumulation model, continuing to buy during downturns. In a separate post this month, he summarized his philosophy in two simple rules: buy Bitcoin and do not sell.

With Bitcoin around $67,000, Saylor believes investors should focus less on price and more on conviction and patience for long-term gains.

Mixin Hacker Resurfaces After 2 Years, Moves to Launder 2,005 Ethereum

Sam Wisdom Raphael
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Mixin Hacker Resurfaces After 2 Years, Moves to Launder 2,005 Ethereum

The Mixin hacker has resurfaced after two years of dormancy, now making efforts to launder parts of the 59,000 Ethereum stolen from the exploit.

The Mixin network exploiter, who drained about $200 million worth of Ethereum (ETH), Bitcoin (BTC), and other crypto assets from the Hong Kong-based network, appears to have begun laundering the ETH assets, recently transferring 2,005 ETH tokens to Tornado Cash.

Interestingly, the latest transaction originated from the original exploiter address after two years of dormancy and has reduced its Ethereum stash to 57,802 tokens worth $113.58 million at press time. 

Key Points

  • The Mixin network hacker has resurfaced after two years of dormancy, with early efforts to launder the Ethereum tokens stolen from the exploit.
  • In the latest transaction, the original exploiter address moved 2,005 ETH worth nearly $4 million to crypto mixer Tornado Cash.
  • Following the transaction, the hacker now holds 57,802 ETH valued at $133.58 million and 891 BTC worth nearly $60 million.
  • The Mixin network hack was a high-profile exploit that drained $200 million worth of crypto assets from the Hong Kong-based P2P network.

Details of the Recent Transactions

The recent transactions were indexed by Lookonchain, a leading blockchain surveillance platform, today. On-chain data confirms that the asset movements began yesterday at 09:22 PM UTC, involving the transfer of exactly 2,005 ETH worth $3.996 million to an unidentified wallet, 0x9…87f.

Interestingly, the wallet is relatively new, with the 2,005 ETH transfer being its first transaction. Barely a minute after receiving the tokens, 0x9…87f started moving the tokens to Tornado Cash in batches of 100 ETH transactions each. The address made 20 of these transfers to Tornado Cash, totaling 2,000 ETH. Currently, it has retained 5 ETH tokens. 

Meanwhile, Lookonchain found that, shortly after the transfers to Tornado Cash, three new wallets purportedly connected to the Mixin hacker emerged and received a total of 2,087 ETH tokens from Tornado Cash across multiple transactions of about 99 ETH each. The wallets sold all the tokens for $4 million in DAI.

At press time, the Mixin network hacker still holds 57,802 ETH tokens worth $133.58 million. Meanwhile, the Bitcoin address recorded no new movements during this time, remaining dormant since receiving 891 BTC during the September 2023 exploit.

The Mixin Hack

For the uninitiated, the Mixin Network hack ranks among the largest crypto thefts of 2023. The breach targeted the Hong Kong-based peer-to-peer digital asset platform. On Sept. 23, 2023, attackers infiltrated the database of Mixin’s cloud service provider, compromising the network’s mainnet hot wallets.

Mixin confirmed the incident two days later, stating that the attack led to losses initially estimated at about $200 million. The platform immediately suspended deposit and withdrawal services while keeping peer-to-peer transfers active. 

How the Hack Occurred

Notably, the attackers exploited a centralized cloud database that handled user accounts, session management, and hot wallet access. Although Mixin used a custom kernel with a directed acyclic graph structure for cross-chain transfers, the reliance on centralized infrastructure created a single point of failure. 

After breaching the database, the hackers gained access to hot wallet controls and executed thousands of transactions to extract the funds.

On Ethereum, the attackers drained 59,808 ETH through more than 10,000 transactions across over 11,400 wallets. They also transferred 891 BTC in three transactions from 127 wallets. In addition, they removed 23.57 million USDT and quickly swapped it for DAI on decentralized exchanges. 

Total tracked losses reached roughly $144.1 million, with other assets bringing Mixin’s internal estimate closer to $200 million. Investigators linked portions of the funds to wallets previously associated with the Lazarus Group. Notably, the ETH and BTC assets remained dormant until the recent 2,005 ETH transfer.

Lending Tokens NEXO and Aave Shine as Bitcoin Volatility Shifts Attention to Yield-Bearing Tokens

Elendu Benedict
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Lending Tokens NEXO and Aave Shine as Bitcoin Volatility Shifts Attention to Yield-Bearing Tokens

The recent Bitcoin turbulence has persisted, forcing liquidity to shift away from catching the next breakout to other sectors of the market.

Specifically, market users are quietly pivoting from Bitcoin toward assets that can generate steady returns. As a result, market liquidity is beginning to drift away from purely speculative trades and into sectors that offer practical utility, putting lending tokens in the spotlight.

Key Points

  • The recent Bitcoin turbulence has persisted, forcing liquidity to shift away from catching the next breakout to other sectors of the market.
  • Liquidity is beginning to drift from purely speculative trades and into sectors that offer practical utility, putting lending tokens in the spotlight.
  • Bitcoin has seen massive volatility in recent times, dropping sharply to $60,005 on February 6, only to rebound the same day to $72,000.
  • NEXO, which calls itself a premier digital asset wealth platform, recently recorded roughly $10.9 million in daily trading volume, the highest level in its history.
  • Decentralized lending protocol Aave has also seen an uptick in trading activity, with daily volume climbing to about $327.8 million.
  • The coinciding Bitcoin volatility with a surge in lending services growth indicates a partial shift in liquidity towards assets with a stronger “operational or yield-oriented focus.”

Bitcoin Volatility Redirects Liquidity

A Friday analysis from Arab Chain, one of CryptoQuant’s verified authors, shows that Bitcoin has seen massive volatility on certain days. For instance, the apex cryptocurrency dropped to $60,005 on February 6, only to rebound sharply the same day to $72,000. It has dropped again over the past few days to its current price of $67,000.

Since then, Bitcoin has traded within this $60,000 to $72,000 range, a clear sign of consolidation. This lack of conviction has rubbed off on the broader crypto market, which has experienced price swings lately. As the leading cryptocurrency, BTC’s struggle to establish a clear price direction is prompting a reassessment among traders.

With prices looking choppy, traders typically become cautious and reduce their risk. Additionally, they start searching for alternatives that can keep them profitable without relying solely on price appreciation. The CryptoQuant analysis shows that market enthusiasts are shifting attention to lending and borrowing-focused protocols.

Lending Tokens, NEXO and Aave Gain Traction

The report stated that data already highlights a clear shift toward major lending platforms. NEXO, which calls itself a premier digital asset wealth platform, recently recorded roughly $10.9 million in daily trading volume, the highest level in its history. According to Arab Chain, the spike suggests increased use of the token within its ecosystem, whether as collateral or as a liquidity management tool.

Nexo Daily Trading Volume/CryptoQuant
Nexo Daily Trading Volume/CryptoQuant

Meanwhile, CoinMarketCap data show that its daily volume is $11.66 million at press time, up 32% in the past 24 hours. This has impacted its price, which has increased by 4.5% in the past 24 hours to $0.842.

At the same time, decentralized lending protocol Aave has also seen an uptick in trading activity, with daily volume climbing to about $327.8 million. Per CoinMarketCap, it has risen further to $456 million but is down 3% in the past 24 hours.

This is well above its recent averages, suggesting that both retail and institutional players may be tilting toward decentralized lending platforms while broader market sentiment remains uncertain.

Aave Daily Trading Volume/CryptoQuant
Aave Daily Trading Volume/CryptoQuant

The analysis concluded that the coinciding Bitcoin volatility with a surge in lending services growth indicates a “partial shift in liquidity from major assets towards sub-sectors” with a stronger “operational or yield-oriented focus.”

Treasury Secretary Urges Swift Passage of Clarity Act to Calm Crypto Markets

Lele Jima
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Treasury Secretary Urges Swift Passage of Clarity Act to Calm Crypto Markets

U.S. Treasury Secretary Scott Bessent is urging lawmakers to swiftly pass the Clarity Act to establish a comprehensive federal framework for cryptocurrencies.

In an interview with CNBC, he reignited momentum for the bill, suggesting that it would deliver much-needed regulatory clarity to the broader crypto sector.

Key Points 

  • U.S. Treasury Secretary Scott Bessent is urging Congress to fast-track the Clarity Act to establish clear federal crypto regulations. 
  • He believes swift passage is critical to restoring confidence in highly volatile digital asset markets. 
  • While the legislation has made key progress in the Agriculture Committee, it has faced major resistance in the Banking Committee. 
  • He highlights ongoing bipartisan efforts in Congress to advance the legislation and deliver it to the president’s desk in the spring. 

Senate Should Deliver Clarity Act to Trump’s Desk This Spring 

During the interview, Bessent pressed the Senate to act quickly, stressing that clear regulatory rules are critical to restoring investors’ confidence. This aligns with a similar view shared by Senator Cynthia Lummis, who recently urged her colleagues to pass the bill before it becomes too late.

Bessent emphasized the need to deliver the bill to Donald Trump’s desk for approval this spring. In his view, the legislation would provide long-awaited clarity for investors and firms amid heightened market turbulence.

His remarks followed another sharp crypto market downturn, during which Bitcoin fell to $65,000 yesterday. Although Bitcoin has since rebounded above $67,000, analysts still describe the market as highly volatile.

Mixed Progress on Clarity Act’s Passage 

Meanwhile, the bill has faced mixed progress in the Senate. While it advanced in the Senate Agriculture Committee in late January, the bill encountered significant resistance over a draft from the Senate Banking Committee. 

Notably, provisions banning stablecoin yields drew backlash from industry players, including Coinbase, which withdrew its support. Consequently, the Banking Committee halted its planned markup for the bill.

The White House later stepped in, convening crypto and banking executives in an attempt to broker a compromise. Although the meeting ended without a breakthrough, reports indicate officials have set a late-February deadline for an agreement. 

Bipartisan Group Working Toward Advancing the Bill 

Meanwhile, Bessent acknowledged the ongoing challenges, noting that some industry participants are actively working to block the bill’s passage. However, he emphasized that a bipartisan group of lawmakers remains firmly committed to advancing the legislation.

In addition, he cautioned that shifting political dynamics could derail progress. Specifically, he warned that if Democrats take control of the House in November, the fragile bipartisan coalition backing the bill could collapse, thereby jeopardizing its prospects. 

While the Senate Banking Committee has yet to reschedule its markup, White House Crypto Advisor Patrick Witt believes all pending issues will be resolved, potentially paving the way for the Clarity Act’s passage. 

Brazil’s First Spot XRP ETF Makes an Appearance in Major Report on New Crypto Regulations

Abdulkarim Abdulwahab
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Brazil’s First Spot XRP ETF Makes an Appearance in Major Report on New Crypto Regulations

Brazil’s first spot XRP ETF has been highlighted in a recent report by The Rio Times.

The report spotlights the country’s evolving crypto landscape as it rolls out one of the most comprehensive digital asset regulatory frameworks in Latin America.

XRP community figure WrathofKahneman (WoK) drew attention to the mention in a post on X. He noted that Brazil’s spot XRP ETF featured in the publication’s in-depth analysis of the country’s new cryptocurrency regulations.

Key Points

  • Brazil’s first spot XRP ETF was featured by The Rio Times amid new crypto reforms.

  • Banco Central do Brasil now requires licenses, capital reserves, audits, and fund segregation.

  • Hashdex launched XRPH11 on B3, Latin America’s first spot XRP ETF.

  • Brazil saw $318.8B in crypto inflows, with rising XRP Ledger and stablecoin adoption.

Brazil’s Regulatory Shift Enters a New Era

According to the February 3 report, Brazil has officially entered a structured phase of crypto oversight under the leadership of the Banco Central do Brasil. The new rules require any company offering crypto services in Brazil to obtain formal authorization from the central bank.

Firms are now categorized as:

  • Intermediaries (connecting buyers and sellers)
  • Custodians (holding crypto assets for clients)
  • Brokers (trading on behalf of clients)

Notably, capital requirements range from around $2 million for basic operations to $6.9 million for full-service providers, far higher than those of many global counterparts. Companies must also segregate customer funds, maintain independent audits, and meet proof-of-reserves standards. This measure was influenced by the collapse of FTX in 2022.

Brazil’s Massive Crypto Footprint

The report emphasizes that Brazil is no minor player in the digital asset space. The country ranked 5th globally in the 2025 Chainalysis Global Crypto Adoption Index, up from 10th in 2024.

Between July 2024 and June 2025, Brazil received $318.8 billion in crypto value, accounting for nearly one-third of Latin America’s total crypto activity. Year-on-year growth reached 109.9%, with an estimated 18–19% of Brazilians now owning cryptocurrency.

Crypto ETFs on Brazil’s main stock exchange mobilized roughly $10 billion in 2024 alone, reflecting rising institutional and retail participation.

Latin America’s First Spot XRP ETF

The report also notes that Brazil approved Latin America’s first spot XRP ETF in early 2025.

Asset manager Hashdex launched the product on B3 under the ticker XRPH11. The fund tracks XRP’s performance using the Nasdaq XRP Reference Price Index and provides regulated exposure to the XRPL native asset.

The ETF’s approval marked a significant milestone as it positioned Brazil ahead of larger markets in offering a spot XRP investment vehicle. The product joined Hashdex’s growing suite of crypto ETFs already trading on B3, including funds tied to Bitcoin, Ethereum, and Solana.

XRP Growing Presence in Brazil

Brazil has also seen expanding XRP Ledger activity beyond ETFs. In 2025, Braza Bank processed over $1 billion in stablecoin payments on the XRP Ledger during a single day in April, according to previous disclosures. 

The bank has issued BRL- and USD-backed stablecoins on XRPL, signaling growing institutional usage of blockchain rails in the country.

With a structured regulatory framework now in place and institutional products like a spot XRP ETF already trading, Brazil is building a formal bridge between traditional finance and blockchain infrastructure.

Solana Outlook for Feb 13: Analyst Says SOL Going to $50 but Bulls Are Available at $69.32 SAR

Mark Brennan
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Solana Outlook for Feb 13: Analyst Says SOL Going to $50 but Bulls Are Available at $69.32 SAR

Solana wavers at key technical support as bearish momentum persists, with one analyst watching for a deeper breakdown.

Solana (SOL) currently trades for $79.25, experiencing a 1.6% decline over the past 24 hours. Against Bitcoin, it is trading at 0.001193 BTC, down 0.8% on the day. The 24-hour price range spans from $76.81 (low) to $82.05 (high), showing a fairly wide intraday volatility. 

Looking at the chart patterns, SOL initially traded near the $80–$82 region before experiencing a sharp selloff, breaking below $78 and briefly dipping near the daily low around $76.81. Following that move, the price began a gradual recovery and is now hovering near $79. However, price has not yet reclaimed the earlier highs near $82, which remain immediate resistance.

Performance metrics across broader timeframes show mixed momentum. Over shorter intervals, SOL is up 0.2% in 1 hour, but down 1.4% over 24 hours and 0.5% in the last 7 days, indicating short-term weakness. More notably, the asset is down 31.6% over 14 days and 45.3% over 30 days. These longer-term figures clearly reflect a significant macro drawdown phase. 

The big question now remains: is this consolidation the base for Solana’s next leg up, or simply a pause before further downside?

What’s Next for Solana?

From a support and resistance perspective on the 1D SOL/USD chart, price is currently trading around $79.72, after printing a recent low near the mid-$70s. The most immediate support sits in the $75–$77 region, which aligns with the recent swing low and the sharp wick rejection. 

Solana 1D Chart
Solana 1D Chart

A breakdown below this area would likely expose psychological support near $70, which also aligns closely with the current Parabolic SAR. On the upside, immediate resistance has begun forming around $90, followed by a heavier supply zone between $100–$110. Looking at the Parabolic SAR itself, the dots have flipped below price following the recent rebound, with the current SAR reading around $69.32. 

This shift suggests a potential short-term trend reversal or at least a pause in bearish momentum. However, the broader structure still reflects a clear daily downtrend, as the previous SAR alignment remained above price throughout the recent selloff.

The True Strength Index shows deeper insight into momentum conditions. The TSI line is currently around –43.91, with the signal line near –36.33, both deeply below the zero line. This confirms bearish momentum remains dominant. For stronger confirmation of a bullish shift, traders would want to see the TSI curl upward and cross above the signal line while the price holds above the Parabolic SAR and reclaims resistance levels.

Solana Going to $50?

Elsewhere, Altcoin Sherpa has warned that Solana could drop toward $50 if it loses the current support level, highlighting the critical zone around $75–$77. In the shared chart, SOL is trading near $77.35 after a sharp rejection from above the 200-week EMA (around $121) and a strong breakdown from the $95 region. 

Solana Price Analysis
Solana Price Analysis

The next major historical support sits near $51.23, which corresponds with prior consolidation and a former resistance-turned-support zone. If the $77 level fails, the chart structure suggests a potential vacuum lower toward that $50–$52 area, validating Sherpa’s downside scenario. 

Philion Says Flare is Transforming XRP to the Pre-eminent Tokenization Platform

Mark Brennan
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Philion Says Flare is Transforming XRP to the Pre-eminent Tokenization Platform

Hugo Philion, CEO of Flare Labs, believes Flare can help move XRPL beyond its focus on payments and turn it into a leading platform for tokenization.

Philion suggested that Flare’s technology allows XRP to participate in decentralized finance at an institutional level. He added that Flare can help XRPL expand into tokenization by providing privacy tools and secure computing features.

Key Points

  • Flare Labs CEO Hugo Philion has suggested that Flare may be helping transform the XRP Ledger beyond just a payment network to a tokenization platform.
  • Philion also believes Flare is providing the platform for XRP to engage in DeFi at an institutional level.
  • The XRPL’s major ties to Flare lie in the FXRP system, which allows XRP holders to utilize their XRP tokens in a secure DeFi setup.
  • FXRP launched in September 2025 and has since attracted over 97 million XRP tokens, with $40 million staked on Firelight.

Flare Transforming XRPL to Tokenization Platform

Philion shared his recent comments in a post on X. According to him, Flare’s technology already allows XRP to take part in decentralized finance at a level that institutions can use. He also explained that Flare can support XRPL’s growth into tokenization by adding privacy tools and secure computing features.

For context, the XRP Ledger has continued to grow its tokenization footprint, boasting over $1 billion in tokenized commodities. The XRPL also stands as the fourth-largest network in terms of represented RWA, surpassing Ethereum. 

Speaking further, Philion implied that the relationship between the XRPL and Flare remains mutually beneficial to both ecosystems. He stressed that XRPL is the layer where assets get issued, while Flare acts as the compute layer that adds smart features and flexibility. 

For context, the Flare Labs CEO made these comments after a community member suggested that Flare could help turn Ripple into a trillion-dollar company. The idea followed earlier remarks from Ripple’s CEO Brad Garlinghouse about the company’s potential to become the first trillion-dollar crypto firm.

FAssets and FXRP Bringing XRP Into DeFi

For the uninitiated, Flare’s primary link to XRPL comes through its FAssets system and the FXRP token. This setup lets XRP holders use their tokens in decentralized finance through a trust-minimized, over-collateralized bridge. 

In this system, users lock their XRP on XRPL and mint FXRP on Flare’s EVM-compatible Layer 1 network. Notably, XRPL maintains its role as the main settlement layer, while Flare provides the smart contract features.

Flare calls itself a utility layer for XRPFi. With this model, users can earn yield, lend, trade, and move assets across chains without selling their XRP or taking it off XRPL.

The project launched FAssets on the mainnet last September, after testing on the Songbird canary network. The team set the first minting limit at 5 million FXRP, and users filled the amount within five hours, leading to an increase in the cap. Today, FXRP hosts 97.1 million XRP tokens.

FXRP Growth Targets and Rising Adoption

Meanwhile, Philion set a goal of seeing 5 billion XRP represented as FXRP on Flare by mid-2026. This figure would make up 8.2% of XRP’s current circulating supply of 60.9 billion tokens and would set up Flare as the largest DeFi layer connected to the XRPL.

Interestingly, Flare also launched the Firelight protocol in December 2025. For context, Firelight adds liquid staking for XRP within the network. Users can stake their assets while still using them in Flare’s DeFi ecosystem, which improves flexibility and capital use.

On February 5, 2026, Flare again expanded its reach by announcing a stronger partnership with Hex Trust. The partnership gives institutional clients secure custodial access to FXRP minting and redemption, as well as FLR token staking. This development introduced FXRP to large institutions, not just retail investors.

CFTC Appoints Ripple CEO as Member of Its Advisory Committee Alongside DTCC President

Sam Wisdom Raphael
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CFTC Appoints Ripple CEO as Member of Its Advisory Committee Alongside DTCC President

The U.S. Commodity Futures Trading Commission (CFTC) has appointed Ripple CEO Brad Garlinghouse to its newly formed Innovation Advisory Committee (IAC).

For context, the IAC features a 35-member panel that will guide the agency on emerging technologies in financial markets. The committee also includes Frank LaSalla, the president of the Depository Trust & Clearing Corporation (DTCC), along with senior executives from major crypto firms and traditional financial institutions.

The CFTC announced the full list of members on Feb. 12, 2026, as part of an effort to improve on how it oversees fast-moving technologies in derivatives, commodities, and financial services.

Key Points

  • The CFTC amended its advisory committee charter and re-launched the Innovation Advisory Committee last month, before announcing its 35 members on Feb. 12, 2026.
  • The agency named Ripple CEO Brad Garlinghouse as one of the 35 members of the panel, alongside other financial industry leaders like the DTCC President.
  • The panel also includes around 20 crypto-related members, including executives from Coinbase, Uniswap Labs, Solana Labs, Gemini, Chainlink Labs, and Robinhood, alongside representatives from Nasdaq and CME.
  • Garlinghouse has often engaged in regulatory discussions in the U.S., joining the White House Crypto Summit last March and participating in a February 2026 meeting on stablecoin yield and the CLARITY Act.

CFTC Renames and Expands Advisory Panel

Notably, the CFTC amended and filed its committee’s charter on Jan. 9, 2026. Three days later, the agency formally launched the Innovation Advisory Committee, replacing the former Technology Advisory Committee. Chairman Michael S. Selig led the restructuring and expanded the group to 35 members. 

Specifically, the committee will advise the CFTC on issues that involve technology, law, policy, and finance. Members will also discuss developments surrounding blockchain, digital assets, artificial intelligence, cybersecurity, and other emerging technologies. 

Further, they will recommend how the agency should apply technology in its own surveillance and enforcement systems and where it should invest to strengthen oversight.

The CFTC created the updated panel to keep up with growing innovation, especially in blockchain and AI. The agency seeks to prepare U.S. markets for long-term technological change and to draw directly from industry expertise.

Representation Across Crypto and Traditional Finance

The 35-member roster involves leaders from crypto-native companies, established financial institutions, exchanges, DeFi platforms, infrastructure providers, and academia. Around 20 of the members represent crypto-focused organizations.

Garlinghouse joins Brian Armstrong of Coinbase, Tyler Winklevoss of Gemini, Anatoly Yakovenko of Solana Labs, Hayden Adams of Uniswap Labs, Sergey Nazarov of Chainlink Labs, and Vlad Tenev of Robinhood. The committee also includes representatives from Nasdaq and CME, 

Garlinghouse’s appointment places Ripple at the center of ongoing regulatory discussions around digital assets in the United States. Speaking on the development, the Ripple CEO called the panel “the Olympics crypto roster.”

Garlinghouse’s Engagement with the Trump Administration

Interestingly, this represents Garlinghouse’s latest involvement in U.S. policy decision-making as he has taken part in several high-level developments involving the current Donald Trump administration since early 2025.

Last January, Garlinghouse and Ripple Chief Legal Officer Stuart Alderoty attended a private dinner with Trump at Mar-a-Lago. Two months later, he joined a White House Crypto Summit roundtable with Trump and other industry leaders, including executives from Coinbase and Gemini. 

Meanwhile, earlier this month, Garlinghouse attended a White House meeting led by Trump’s crypto adviser Patrick Witt. Attendees discussed stablecoin yield structures, potential compromises within the CLARITY Act, and broader crypto market structure legislation.

Shiba Inu Burn Rate Spikes 173,579% in 24 Hours but Its Price Has Nothing Much to Show for It

Elendu Benedict
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Shiba Inu Burn Rate Spikes 173,579% in 24 Hours but Its Price Has Nothing Much to Show for It

The Shiba Inu burn rate has spiked considerably in the past 24 hours, yet its price has remained almost redundant, failing to reflect this positive activity.

Shiba Inu burns recorded a massive spike from yesterday’s figures, as market proponents doubled down on efforts to reduce the memecoin’s large supply. After a meager burn rate on Thursday, data show a 173,579% spike in burn activity in the Shiba Inu ecosystem.

Key Points

  • Shiba Inu burns have spiked considerably in the past 24 hours, yet its price has remained almost redundant, failing to reflect this positive activity.
  • Data show a 173,579% spike in burn activity, with 838,872 SHIB tokens incinerated in the past 24 hours.
  • On-chain data shows that these burns occurred in two transactions of 580,858 SHIB and 258,014 SHIB, but they came from the same address, “0xe9caf.”
  • The burns took the total burnt SHIB tokens to 410,754,337,836,935, representing about 41% of the maximum supply of 999 trillion.
  • Amid this bullish network activity, Shiba Inu did not react much.

SHIB Burn Rate Spikes

According to the burn tracker Shibburn, the SHIB burn rate has increased considerably in the past 24 hours. So far today, 838,872 SHIB tokens have been incinerated, an impressive 173,579% rise from just 483 tokens burnt yesterday.

On-chain data shows that these burns occurred in two transactions of 580,858 SHIB and 258,014 SHIB, but they came from the same address, “0xe9caf.” Further analysis shows that the wallet “monarkoshi.eth,” funded by Coinbase, initiated this transaction.

It moved the SHIB tokens to the “0xe9caf” address, which then sent them to the burn address. Notably, the two transactions occurred in the early hours of today, causing the spike.

The burns took the total burnt SHIB tokens to 410,754,337,836,935, which is about 41% of the maximum supply of 999 trillion. However, amid this bullish network activity, Shiba Inu did not react much.

Shiba Inu Burn Rate/Shibburn
Shiba Inu Burn Rate/Shibburn

Shiba Inu Price Fails to Respond

Notably, the memecoin is up less than 1% in the past 24 hours. This missed the expectations of enthusiasts, who were hoping the staggering spike in burn rate would rekindle bullish momentum for Shiba Inu.

Meanwhile, the rebound was more of a reaction to a broader market rebound. With Bitcoin and major altcoins recovering slightly, SHIB followed their lead. Recall that the token grew by 2.3% yesterday due to this effect, recording its first green candlestick since the 12% rally on February 6.

Enthusiasts remain optimistic that SHIB will recover from the current dip to higher prices. One analyst sharing this view is Vuori Trading, which sees the current phase as a bear trap. His outlook predicts a 22x rally to unprecedented prices when the accumulation ends.

Dwindling Shiba Inu Volume Stalls Recovery

In the meantime, Shiba Inu trading volume continues to drop, signaling lower market activity involving the token. In the past 24 hours, spot and futures volume are down 9.6% to $24.3 million and 8% to $96.9 million, respectively. 

A look at the seven-day timeframe shows an even steeper drop. Specifically, spot volume has reduced 45.8% to $169.18 million, and futures volume is down 49% to $768.9 million. A turnaround in this would be crucial if SHIB is to recover further from here.

‘Another Big Win for XRP,’ Ripple President Says as UK’s Largest Asset Managers Move Funds On-Chain

Abdulkarim Abdulwahab
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0
‘Another Big Win for XRP,’ Ripple President Says as UK’s Largest Asset Managers Move Funds On-Chain

Ripple President Monica Long announced that one of the UK’s largest asset managers is now moving funds on-chain, calling it “another big win” for Ripple and XRP.

The development reinforces her view that 2026 is shaping up to be a defining year for XRP, citing “institutional adoption at scale.”

Coming off XRP Community Day, Long reflected on the progress toward making the XRP Ledger (XRPL) the go-to blockchain for institutional DeFi. She noted that the full impact of this shift should become clearer by the end of the year.

Key Points

  • Ripple President calls UK asset manager’s on-chain move “another big win” for XRP.

  • 2026 is shaping up to be a defining year for XRP, with institutional adoption at scale.

  • Aviva Investors to tokenize funds on XRPL, boosting enterprise use and liquidity.

  • XRP ETFs hit $1.23B inflows; firms like Evernorth add XRP as a reserve asset.

Aviva Investors Moves Toward XRP Ledger

This milestone centers on a new partnership between Ripple and Aviva Investors, the global asset management arm of Aviva plc.

Markus Infanger, SVP of RippleX, described the development as a “genuinely huge moment” for XRPL, noting that traditional finance is increasingly moving on-chain.

Notably, Aviva Investors intends to tokenize traditional fund structures on the XRP Ledger. The move supports Ripple’s push to position XRPL as financial infrastructure for institutions rather than just a payments network.

“Institutional Adoption at Scale”

During XRP Community Day, Long was asked to define Ripple and XRP’s current phase in just a few words. Her response: “institutional adoption at scale.”

While concise, the statement carries weight. It suggests that Ripple expects measurable progress in enterprise usage, new partnerships, and the integration of XRP into institutional workflows before year-end.

Ripple has already begun laying the groundwork. Institutions are using XRP for cross-border payments, transaction fees, and foreign exchange bridging.

The company is also supporting the XLS-66 initiative, which aims to introduce a native lending framework on XRPL. This could enable institutions to earn yield directly on their XRP holdings.

At the same time, Ripple’s transformation of Hidden Road into Ripple Prime strengthens XRP’s role in collateral and liquidity operations.

Garlinghouse: XRP Is the “North Star”

Ripple CEO Brad Garlinghouse reinforced this direction at the same event, describing XRP as the “North Star” and even the “heartbeat” of Ripple’s strategy.

According to Garlinghouse, Ripple Payments, Ripple Treasury, Ripple Prime, Custody, and the RLUSD stablecoin all seek to enhance XRP’s liquidity, utility, and trust within the financial system.

Institutional interest is also evident in capital markets. Since their November launch, spot XRP ETFs have recorded cumulative net inflows of $1.23 billion, reflecting sustained demand from institutional investors.

In parallel, companies such as Evernorth, VivoPower, and Webus have added XRP to their balance sheets as a reserve asset. Remarkably, Evernorth is building what could become the largest XRP reserve globally.

With more than ten months left in 2026, Ripple’s leadership is confident that the combination of tokenization partnerships, ETF flows, lending infrastructure, and enterprise integrations could mark a turning point for XRP’s role in global finance.

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