Blockonomi

TLDR

Bitcoin experienced one of its largest capitulation events in history with $3.2 billion in realized losses on February 5, 2026.

The massive sell-off led to significant losses for Bitcoin and Ethereum investors, marking one of the worst days in crypto history.

Ethereum mirrored Bitcoin’s downturn, suffering a sharp price drop as the broader market faced extreme selling pressure.

On-chain data showed that the market realized an average of $2.3 billion in daily losses over the past week.

Experts warn that more pain could lie ahead for the crypto market, with predictions of further price declines for both Bitcoin and Ethereum.

The cryptocurrency market experienced one of its most intense capitulation events in history on February 5, 2026. Data from CryptoQuant revealed that investors faced a staggering $3.2 billion in realized losses in just 24 hours. This massive sell-off is among the largest recorded losses, placing the event in the top 3-5 worst loss events ever documented in crypto history.

Bitcoin Suffered a Major Blow

The February 2026 market crash was especially harsh on Bitcoin. According to CryptoQuant, the sell-offs during this period caused Bitcoin investors to lock in a massive loss. The on-chain data shows that Bitcoin holders faced severe financial pain, with billions in unrealized losses turning into realized losses in a single day.

This is one of the largest capitulation events in BTC history, rivaling the 2021 crash

“This puts us in the top 3-5 loss events ever recorded. Only a handful of moments in Bitcoin's history have seen this level of capitulation.” – By @IT_Tech_PL pic.twitter.com/Unl0rpaeJG

— CryptoQuant.com (@cryptoquant_com) February 12, 2026

Bitcoin’s price was significantly impacted, dropping to lower levels than many had not expected. The crypto asset saw one of its worst days, as the market faced an extreme level of selling pressure. Investors, many of whom had bought during higher price levels, were forced to sell at a loss.

Ethereum’s Struggles Mirror Bitcoin’s Downturn

Ethereum, too, faced a severe loss in the February 2026 sell-off. The second-largest cryptocurrency after Bitcoin suffered as the broader market crashed. Ethereum’s price dropped dramatically, as investors were forced to realize losses amid widespread capitulation in the market. Ethereum’s price moved in tandem with Bitcoin’s decline, showing similar patterns of pain for holders.

Despite Ethereum’s resilience in previous years, it did not escape the effects of this capitulation event. Like Bitcoin, Ethereum holders faced the harsh reality of the market’s volatility. With the pressure mounting, Ethereum’s losses became a symbol of the widespread distress in the market.

Is More Pain Ahead for Crypto?

Despite the harsh nature of the February 2026 crash, experts warn that more challenges could lie ahead for cryptocurrency holders. Standard Chartered issued a cautionary note, suggesting that the market is still at risk of further correction. Analysts predict Bitcoin could fall as low as $50,000, with Ethereum possibly reaching levels as low as $1,400.

The macroeconomic environment, coupled with potential ETF outflows, could continue to contribute to a downward trend. Cryptocurrency investors are bracing themselves for more uncertainty, as the market remains volatile and unpredictable.

The post Bitcoin Faces Historic Capitulation Event with $3.2 Billion in Losses appeared first on Blockonomi.

TLDR

Coinbase users are currently unable to buy, sell, or transfer cryptocurrencies due to a significant service disruption.

The outage has impacted essential trading and transaction functions, leaving many users unable to manage their crypto holdings.

Coinbase confirmed that internal teams are investigating the issue and working to restore full service as quickly as possible.

The disruption comes at a difficult time for Coinbase, with many users reporting failed transactions during active market conditions.

Coinbase has advised users to monitor its official channels for real-time updates as the company works on resolving the issue.

Coinbase users are experiencing a major disruption that prevents them from buying, selling, or transferring cryptocurrencies. The issue has significantly impacted the platform’s ability to process essential transactions. The company confirmed that its internal teams are investigating the problem and working to restore full service as quickly as possible.

Coinbase Struggles with Trading and Transaction Failures

The service disruption has disrupted key functions, including the ability to place orders or move funds. Many users have reported failed transactions, restricting access to their accounts during active market conditions. This issue has led to a wave of complaints from users who are unable to manage their crypto holdings effectively.

“We are aware of the current issues affecting users’ ability to trade and transfer funds,” Coinbase said in a statement.

The company added that its technical team is investigating the root cause of the problem, and users are advised to stay updated through the platform’s official channels. Coinbase has not yet shared any specific technical details about what caused the disruption.

BREAKING: Coinbase, $COIN, says many users currently unable to buy, sell, or transfer crypto. pic.twitter.com/HMZEoKlJAT

— The Kobeissi Letter (@KobeissiLetter) February 12, 2026

Ongoing Investigation and User Impact

As of now, the cause of the outage remains unclear. Coinbase has promised to resolve the issue, though no specific timeline has been provided for full restoration of services. The disruption comes at a challenging time for the company, with users actively trading in volatile market conditions.

This service failure has left many users unable to execute trades or manage their portfolios. During periods of heightened market activity, such interruptions can result in substantial inconvenience and financial loss for traders. Coinbase’s response will be closely scrutinized as it works to regain user trust.

Market and Company Impact

The timing of the outage also raises concerns about Coinbase’s operational reliability. The company is already under pressure due to the broader weakness in the digital asset market. This outage may further damage its reputation, especially among institutional investors who rely on reliable platforms for trading.

In the wake of the disruption, Coinbase has advised users to monitor its status page for updates. Although the company has not provided details on when the issue will be resolved, it remains committed to restoring services as soon as possible.

The post Coinbase Outage Affects Users, Halting Crypto Trades and Transfers appeared first on Blockonomi.

TLDR

Crypto PAC Fairshake has launched a $1.5 million ad campaign against Texas Democrat Al Green in the primary race.

Fairshake is targeting Green due to his opposition to cryptocurrency policies and his critical stance on digital assets.

The PAC aims to replace Green with Christian Menefee, who has a favorable position on blockchain technology.

Fairshake has committed to supporting candidates who advocate for crypto-friendly legislation across both political parties.

The PAC also plans to spend $5 million to support U.S. Representative Barry Moore in the Alabama Senate primary.

Crypto PAC Fairshake has launched a $1.5 million ad campaign against Texas Democrat Al Green. The PAC is seeking to influence Green’s bid for re-election, aiming to replace him with a candidate more favorable to cryptocurrency policies. Green, a senior Democrat on the House Financial Services Committee, has long criticized cryptocurrency’s potential risks to the financial system.

Fairshake Launches Attack Ads Against Green

Fairshake’s $1.5 million ad campaign against Al Green represents the PAC’s first major move in Texas this election cycle. Green, who represents a newly redrawn Texas district, has been vocal in opposing crypto legislation. The PAC, which has access to a $193 million war chest, intends to influence Green’s primary contest, which includes rising Democratic challenger Christian Menefee.

Green’s stance on cryptocurrency has earned him an “F” grade from Stand With Crypto, a group that tracks lawmakers’ positions on digital assets. The Texas representative has frequently warned of the potential dangers cryptocurrencies pose to investors and the broader economy. Fairshake aims to elect lawmakers more supportive of crypto by opposing incumbents like Green, who resist industry-friendly policy changes.

Protect Progress Super PAC Supports Menefee

Christian Menefee, Green’s primary challenger, has taken a more favorable stance on blockchain technology. His position has earned him an “A” grade from Stand With Crypto, which is supporting him as a pro-crypto candidate. Protect Progress, the super PAC affiliated with Fairshake, has voiced its commitment to backing candidates who support cryptocurrency innovation.

Menefee’s recent victory in a special election has put him in a strong position as he competes against Green for the newly drawn district seat. Texas’ primaries are scheduled for next month, setting the stage for a crucial race between Green and Menefee. Fairshake believes Menefee’s support for crypto will help drive economic growth in the state and beyond.

Fairshake’s involvement in congressional elections this cycle goes beyond the Green-Menefee race. The PAC has also pledged $5 million to support U.S. Representative Barry Moore of Alabama, a Republican who is pro-crypto. Moore faces a competitive Senate primary in Alabama, and Fairshake aims to boost his candidacy to further its cryptocurrency-friendly agenda.

The PAC’s strategy involves supporting candidates across both parties who are aligned with the crypto industry’s goals. Fairshake’s ads focus on broader political messages rather than crypto-specific policies, ensuring that they remain independent from candidates’ campaigns.

The post Crypto PAC Fairshake Targets Al Green in Texas Primary Campaign appeared first on Blockonomi.

TLDR

SEC Chair Paul Atkins is under scrutiny for pausing the case against Justin Sun.

Democratic lawmakers question whether political ties influence the SEC’s enforcement decisions.

The SEC’s overall legal actions dropped by 30% in 2025, with a 60% decline in crypto-related cases.

Paul Atkins defends the SEC’s approach, emphasizing a balanced enforcement strategy.

Lawmakers express concerns about the SEC’s decision to drop high-profile crypto cases like Binance and Ripple.

The U.S. Securities and Exchange Commission (SEC) Chair, Paul Atkins, is facing increased scrutiny from lawmakers regarding the agency’s shifting approach to cryptocurrency regulation. At a House Financial Services Committee hearing, lawmakers questioned his leadership as the SEC’s enforcement actions have slowed. The hearing focused on the SEC’s decision to pause the case against Tron founder Justin Sun, amid concerns about political connections and the agency’s declining crypto-related actions.

Paul Atkins Faces Lawmaker Scrutiny Over Enforcement Shifts

During the hearing, Democratic lawmakers voiced concerns about the SEC’s decision to pause the case against Justin Sun, founder of Tron. Representative Maxine Waters questioned whether industry ties to former President Donald Trump influenced the agency’s enforcement actions. She also pointed to the broader decline in enforcement efforts after Trump took office, and new leadership under Paul Atkins was appointed to the SEC in 2025.

Waters specifically referenced the SEC’s 2023 lawsuit against Sun. The lawsuit accused him of organizing the unregistered sale of crypto securities related to the TRX and BTT tokens and manipulating trading volumes. However, in February 2025, the SEC requested that a federal court pause the case. Since then, Sun has emerged as a prominent financial backer of Trump-affiliated crypto ventures.

SEC Chair Defends Reduced Enforcement in Cryptocurrency Cases

Atkins defended the SEC’s approach, asserting that the agency continues to pursue a robust enforcement effort. He emphasized that the SEC is still active in bringing cases against violators, but the total number of actions has dropped. According to Cornerstone Research, the SEC’s overall legal actions fell 30% in 2025, with crypto-related cases dropping by 60%.

When asked about the SEC’s leniency toward some high-profile crypto cases, including those involving Binance, Ripple, Coinbase, Kraken, and Robinhood, Atkins responded cautiously. He declined to discuss specific cases, citing confidentiality concerns. However, he did reiterate his commitment to a balanced approach in overseeing the cryptocurrency market.

Lawmakers Raise Concerns About SEC’s Crypto Enforcement Priorities

Lawmakers were quick to question the SEC’s decisions to drop several high-profile cases against major players in the crypto industry. The SEC dismissed its lawsuit against Binance in May 2025, which had accused the company of offering unlicensed services and misleading investors about its trading controls. The agency also ended litigation involving Ripple, Coinbase, and other firms linked to the crypto industry.

Representative Stephen Lynch expressed frustration, asking how such high-profile cases could end without any enforcement actions. He emphasized the reputational damage the SEC has suffered due to these decisions. Despite these concerns, Paul Atkins maintained that the agency’s overall strategy is focused on ensuring market integrity while maintaining flexibility in enforcement.

The post SEC Under Fire: Paul Atkins Faces Questions on Crypto Regulation Pause appeared first on Blockonomi.

TLDR

Sharplink executives Joe Lubin and Joseph Chalom emphasize the importance of ether as a productive financial asset.

Despite market volatility, Sharplink continues to treat ether as a long-term investment to generate consistent returns.

Sharplink’s strategy contrasts with traditional ETFs by focusing on permanent capital and staking ether for yield.

Chalom highlights Ethereum’s growing role in global finance through stablecoins and tokenization.

Lubin compares the evolution of blockchain to the early internet era, predicting that every company will soon be a blockchain company.

As Ether prices face sharp fluctuations, Sharplink Gaming continues to defend its strategy of treating Ether as a productive asset. The company’s approach revolves around utilizing ether not just as an investment but as a means to generate consistent financial returns. Sharplink’s executives, Joe Lubin and Joseph Chalom, have emphasized the long-term value of decentralized finance (DeFi) solutions during a panel discussion at Consensus Hong Kong 2026.

Sharplink’s Commitment to Ether as a Long-Term Asset

Sharplink Gaming’s executives have expressed strong confidence in the potential of Ether (ETH) as a valuable asset. Chalom pointed out that, despite the market’s volatility, the broader outlook for Ethereum has never been stronger.

“The actual macro tailwinds for Ethereum have never been better in its 10-and-a-half-year history,” he stated.

He referred to the growing adoption of stablecoins and the rise of tokenization as key factors behind the blockchain’s expanding role in global finance. Chalom also highlighted a comment by BlackRock’s Larry Fink, noting that $14 trillion of assets are expected to be tokenized, with over 65% of this occurring on Ethereum.

Sharplink’s approach contrasts with the passive investment strategy of traditional crypto exchange-traded funds (ETFs). Instead of relying on daily liquidity, the company focuses on deploying permanent capital into ether.

According to Lubin, the yield generated through ether staking is a key aspect of their strategy.

“Ether would be a much better asset… because it is a productive asset. It yields. It has a risk-free rate,” Lubin said.

Sharplink’s decision to stake nearly all of its ether holdings has allowed the company to accumulate consistent returns.

Evolving DeFi Strategies for Institutional Investors

Sharplink’s strategy also emphasizes the importance of “good institutional DeFi,” according to Chalom. The company focuses on long-term locked capital, aiming for stable, risk-adjusted returns rather than high-risk, high-reward ventures typical of venture capital (VC) investments.

“We’re not looking for convex VC 10x outcomes, we’re looking for the best risk-adjusted yield for our investors,” Chalom explained. This method, according to Chalom, helps improve the DeFi ecosystem by setting higher standards for institutional engagement.

In their view, the institutional adoption of DeFi will increase over time as firms seek more stable, productive assets on their balance sheets. Lubin compared the evolution of blockchain to the early days of the internet. He noted that while companies once existed solely as internet companies, soon every firm will be a blockchain company. According to Lubin, the future will see more corporations holding tokens on their balance sheets and using sophisticated onchain treasury tools.

The post Sharplink Executives Promote Ether as Productive Asset Amid Price Drops appeared first on Blockonomi.

TLDR

Apple stock dropped more than 5% following political controversy and regulatory scrutiny.

The Federal Trade Commission raised concerns about political bias on Apple News.

Several institutional investors reduced their exposure to Apple stock amid growing risks.

Apple’s increasing investments in artificial intelligence are raising concerns about rising costs.

Despite strong quarterly earnings, investor confidence in Apple has weakened due to regulatory and political challenges.

Apple’s stock suffered a sharp decline after facing new political controversies, investor caution, and concerns about escalating AI investments. Despite a strong performance last week, Apple’s shares dropped more than 5% on Thursday. Regulatory issues and increasing scrutiny over its content platform added to the uncertainty.

Rally Reverses as Political Controversy Erupts

The reversal of Apple’s stock came after the Federal Trade Commission (FTC) raised concerns about political bias on the Apple News platform. FTC Chair Andrew Ferguson urged CEO Tim Cook to investigate claims of censorship, specifically regarding conservative outlets. The allegations suggest that Apple News may be promoting left-wing content while suppressing conservative views.

The FTC’s letter highlighted reports that claimed Apple News was skewed toward liberal sources. Apple, however, has yet to publicly respond to these allegations. This political controversy comes at a time when technology companies are already under close regulatory scrutiny.

Apple Stock Sees Institutional Investor Withdrawals

As political risks grew, institutional investors began reducing their exposure to Apple stock. Reports revealed that NBT Bank reduced its position by 5.3%, while Campbell & Co cut its holdings by over 70%. Other firms, such as Gamco, also lowered their stakes, signaling a shift in sentiment toward Apple’s stock.

These moves reflect a broader rotation out of large tech stocks as investors seek safer investments in the current market climate. The growing regulatory scrutiny, along with political controversies, has made Apple a less attractive option for some institutional investors. This caution comes after a long period of strong performance, during which Apple’s stock price reached new highs.

AI Spending Raises Fresh Concerns

Apple’s growing investment in artificial intelligence (AI) has raised additional concerns for investors. CEO Tim Cook has called AI a “profound opportunity,” but the rising costs associated with AI development are becoming a concern. Apple’s recent acquisition of Israeli startup Q.ai, which focuses on advanced human-computer interaction, highlights the company’s deepening commitment to AI.

Investors are increasingly questioning the high costs involved in AI research and infrastructure. The capital required to compete in the AI sector, especially for specialized chips and data centers, could put pressure on Apple’s profit margins. There are concerns that the commercial viability of certain AI technologies may not justify the hefty investment required in the short term.

Despite these challenges, Apple’s financial performance remains strong. The company’s recent quarterly results showed a 16% increase in revenue, reaching $143.8 billion. The iPhone continues to be a key driver, with record sales of $85.3 billion. However, investors are now focusing on how effectively Apple can manage its increasing AI costs and whether these investments will translate into long-term growth.

In the meantime, Apple continues to benefit from favorable policy changes in India, which support its supply chain strategy. However, these long-term advantages do little to ease investor concerns in the near term, as political scrutiny and AI-related costs dominate the narrative around the company’s future prospects.

The post Apple Stock Tumbles as Censorship Claims, AI Spending Fuel Investor Concerns appeared first on Blockonomi.

TLDR

Vitalik Buterin condemned Russia’s invasion of Ukraine, calling it criminal aggression and not a situation of equal fault.

He argued that lasting peace in Ukraine and Europe can only be achieved through internal change within Russia.

Buterin proposed that decentralized governance could be the key to reforming Russia’s political system.

He highlighted tools like quadratic voting and zero-knowledge systems as potential solutions for improving decision-making.

Buterin emphasized the importance of involving more people in governance through platforms like pol.is to find societal compromises.

 

Vitalik Buterin, co-founder of Ethereum, shared his views on Russia’s future in a post published on February 12. In the post, originally written in Russian, Buterin called Russia’s invasion of Ukraine “criminal aggression.” He emphasized the need for structural reform within Russia to achieve long-term peace and security, advocating for a decentralized governance model.

Buterin Criticizes Russia’s War and Calls for Internal Change

In his recent post, Vitalik Buterin condemned Russia’s invasion of Ukraine, labeling it as “criminal aggression.” He strongly rejected the idea that both sides are equally at fault, which some have argued. Buterin clarified that peace in Europe and Ukraine could not be achieved through a simple ceasefire alone.

He suggested that the best path to stability in the region involves internal change within Russia itself. For Russia to secure lasting peace, Buterin proposed significant structural reforms. These reforms, according to him, should focus on decentralizing governance, moving away from centralized power.

Какая будет «прекрасная Россия будущего»? С одной стороны, об этом вопросе думать иногда кажется неправильно, потому что Россия сегодняшнего дня убивает как минимум сотню украинцев каждый день и не даёт 30 миллионам иметь нормальное будущее. Но долгосрочно самая устойчивая…

— vitalik.eth (@VitalikButerin) February 12, 2026

Vitalik Buterin Advocates for Decentralized Governance

Vitalik Buterin emphasized the potential of decentralized governance to transform Russia. He mentioned specific tools that could help in building a new system, such as quadratic voting and zero-knowledge (ZK) systems. These tools, Buterin argued, could allow large groups of people to find common ground without relying on a small elite.

The Ethereum co-founder believes that decentralized governance could be key to building a more transparent and fair system. In his post, he also referenced platforms like pol.is, which allow for broader participation in decision-making. These digital tools, Buterin suggested, could provide a way for citizens to directly engage with governance.

New Leadership and Ideas for Russia’s Future

Buterin also discussed the importance of new leadership in Russia, highlighting the need for fresh ideas. He stressed that the Russian opposition should focus on involving more people in decision-making. This approach would help avoid the concentration of power in the hands of a few.

He pointed out that using platforms for online voting and discussions could allow people to reach societal compromises. These compromises could then be turned into official policies without the need for intermediaries. According to Buterin, achieving consensus in this manner is crucial for Russia’s long-term stability.

The post Vitalik Buterin Advocates for Decentralized Reform in Russia’s Governance appeared first on Blockonomi.

TLDR

ETHZilla has launched a tokenized investment opportunity in leased jet engines through its subsidiary ETHZilla Aerospace.

The company acquired two CFM56 commercial jet engines worth $12.2 million and is offering equity in these assets via the Eurus Aero Token I.

The tokens, available to accredited investors, are priced at $100 each, with a minimum investment of 10 tokens.

ETHZilla aims to provide a targeted return of 11% for token holders if they hold through the lease term, ending in 2028.

Cash flows from the leased engines will be distributed monthly to token holders via blockchain technology.

ETHZilla has expanded its operations into the tokenization sector, launching a new project focused on jet engine leases. The company, through its new subsidiary ETHZilla Aerospace, is offering tokenized equity in jet engines it recently acquired. This move comes as ETHZilla seeks to diversify its investments amid Ethereum prices continuing to decline.

ETHZilla Introduces Tokenized Engine Leases on Arbitrum

ETHZilla’s new venture centers around tokenizing a $12.2 million investment in two leased CFM56 commercial jet engines. These engines are leased to a major U.S. airline, though the company has not disclosed the airline’s identity due to confidentiality concerns. By launching the Eurus Aero Token I on the Arbitrum layer-2 network, ETHZilla offers tokenized equity in the engines, allowing investors to participate in this emerging market.

ETHZilla CEO McAndrew Rudisill commented on the project, stating, “Offering a token backed by engines leased to one of the largest and most profitable U.S. airlines serves as a strong use case in applying blockchain infrastructure to aviation assets with contracted cash flows.” The company believes that this move will help modernize fractional ownership of aviation assets, a market traditionally dominated by institutional investors and private equity firms.

Token Sale Details and Project Goals

The Eurus Aero Token I, available to accredited investors, will be sold through Liquidity.io’s token marketplace. Each token is priced at $100, with a minimum investment of $1,000, or 10 tokens. The project aims to offer a return of approximately 11% if token holders hold until the lease agreements conclude in 2028. However, a disclaimer notes that actual returns could differ based on various factors.

Cash flows from the leased engines will be distributed monthly to token holders through the blockchain. ETHZilla has structured the tokens with collateral consisting of the engines, related lease receivables, insurance proceeds, and other reserves. The company’s tokenization model ensures transparency and on-chain distribution, making it accessible to a broader group of investors.

ETHZilla’s expansion into tokenized aviation assets is part of a broader effort to pivot from its Ethereum holdings. The firm recently revealed a $250 million share buyback program, following a drop in the company’s market cap. ETHZilla’s share price has seen fluctuations, including a significant drop in recent months.

The post ETHZilla Launches Tokenized Jet Engine Leases Amid Ethereum Decline appeared first on Blockonomi.

TLDR:

Russia and US combined oil production could reach 22.6 million barrels daily, reshaping global markets 

Moscow controls 44% of enriched uranium and 43% of palladium, critical for US industrial supply chains 

Russia-China trade hit $245B in 2024, spurring Moscow to diversify away from yuan-heavy dependence 

Russian reserves climbed to record $833B with over $400B in gold, providing negotiation leverage

 

Russia is reportedly planning to shift back toward US dollar settlement systems while exploring cooperation with the United States across multiple strategic sectors.

The discussions encompass fossil fuels, natural gas, offshore oil drilling, and critical raw materials. This development marks a potential reversal of Moscow’s decade-long effort to reduce dollar exposure.

The move could reshape global commodity markets and currency dynamics while altering geopolitical alliances between major powers.

Energy Cooperation Could Reshape Global Markets

According to analyst Bull Theory, shared on social media platform X, the cooperation framework would combine significant production capacity from both nations.

The United States currently produces 13.5 million barrels per day of oil, representing the highest output in American history.

Russia maintains production at 9.1 million barrels daily despite ongoing international sanctions. Combined influence over global oil supply would immediately shift pricing power and export leverage across international markets.

BREAKING: Russia is planning to move back toward the U.S. DOLLAR settlement system.

The U.S. and Russia are exploring cooperation across fossil fuels, natural gas, offshore oil drilling, and critical raw materials.

Put that into scale.

The U.S. is already producing 13.5… pic.twitter.com/RCu5jOXZ7R

— Bull Theory (@BullTheoryio) February 12, 2026

Natural gas represents another critical component of the potential partnership. Russia controls some of the world’s largest gas reserves, though many liquefied natural gas and pipeline projects remained frozen after the implementation.

Reopening investment channels and joint development initiatives would reintroduce substantial supply into global markets. This shift would directly affect European energy pricing and long-term gas market dynamics.

The timing carries particular weight given the current global energy transitions. Western nations have sought alternative suppliers since 2022, creating market volatility and price fluctuations.

Russian re-entry into Western-aligned energy frameworks could stabilize certain markets while disrupting others. Energy analysts note that infrastructure investments would require years to fully materialize.

Corporate participation represents a significant financial dimension. Western companies absorbed approximately $110 billion in losses when exiting Russian operations.

Re-entry opportunities in energy fields, gas infrastructure, mining projects, and Arctic drilling zones could enable American firms to resume resource extraction activities. This corporate angle extends beyond immediate profits to long-term strategic positioning.

Critical Minerals and Currency Realignment Take Center Stage

Russia controls substantial portions of strategic resources essential to modern manufacturing. The nation holds 44 percent of enriched uranium, 43 percent of palladium, 40 percent of industrial diamonds, 25 percent of titanium, and 20 percent of vanadium globally.

These materials form core components in semiconductors, defense systems, electric vehicle production, nuclear energy, and aerospace manufacturing. Partnership in this sector addresses American supply chain vulnerabilities while reducing Chinese dependency.

Moscow spent recent years building alternatives to Western settlement systems and reducing dollar reserves. Russia-China bilateral trade reached $245 billion by 2024, creating structural dependence on yuan liquidity and Chinese imports.

However, this pivot concentrated financial risk in Beijing-oriented frameworks. Reopening dollar settlement channels would diversify Russia’s financial positioning, balancing Eastern and Western exposure while re-anchoring portions of global trade.

Russia’s financial reserves recently climbed to a record $833 billion, with gold holdings exceeding $400 billion. This reserve strength provides Moscow with negotiating leverage for structuring long-term resource agreements.

The financial stability enables Russia to approach discussions from a position beyond immediate economic necessity.

The broader framework encompasses energy cooperation affecting global supply, mineral partnerships reshaping industrial resource access, corporate re-entry unlocking infrastructure projects, and currency realignment pulling Russia partially back into dollar systems.

Geopolitical leverage simultaneously shifts between Washington, Moscow, and Beijing. If finalized, observers suggest this could represent one of the largest structural resets in global economic alignment since Cold War conclusion.

The post Russia Plans Return to US Dollar Settlement as Strategic Cooperation Talks Emerge appeared first on Blockonomi.

TLDR:

Astar proposes capping total ASTR supply at 10 billion tokens through new emission decay mechanism. 

Lower inflation rates address mismatch between current participation levels and token supply growth. 

Emission decay creates predictable path for token issuance, ending unlimited supply expansion model. 

Burndrop mechanisms may permanently reduce circulation below the proposed 10 billion token ceiling.

 

Tokenomics 3.0 represents Astar Network’s proposal to restructure ASTR supply mechanics through two fundamental changes.

The network plans to introduce lower inflation rates alongside a defined maximum supply of 10 billion tokens. Astar announced the proposal through its official channels, outlining how emission decay will establish a fixed cap on total token circulation.

The updates aim to address current network conditions where participation levels do not align with existing inflation rates. This proposal marks a structural shift in how ASTR issuance operates.

Emission Decay Establishes Fixed Supply Limit

The proposed emission decay mechanism will set a clear boundary for total ASTR supply. According to the network’s announcement, supply will converge toward 10 billion ASTR tokens.

This eliminates the previous model of unlimited supply expansion. The change introduces predictability into the token’s long-term economic structure.

https://t.co/TtoVCeSnwh

— Astar Network (@AstarNetwork) February 12, 2026

Emission decay determines how issuance decreases progressively over time. The mechanism creates a mathematical path toward the defined supply cap.

Network participants will have clarity on future token availability. This structure differs from the current open-ended inflation model.

Supply-side mechanisms like Burndrop may reduce total circulation below the cap. These mechanisms permanently remove tokens from the available supply.

The combination of emission decay and burn functions could push actual supply lower. Therefore, 10 billion represents a ceiling rather than a guaranteed endpoint.

The proposal makes issuance rules more transparent for stakeholders. Token holders can calculate future supply expansion with greater accuracy.

This clarity supports informed decision-making across the ecosystem. Moreover, defined parameters reduce uncertainty in long-term planning.

Inflation Reduction Addresses Dilution Concerns

Astar’s proposal reduces maximum inflation to slow supply growth rates. The network identified that current participation does not support existing inflation levels.

When supply expands faster than network activity, dilution accelerates. Lower inflation rates help control this dynamic.

The adjustment aligns supply growth with actual network engagement. Tokenomics 3.0 aims to maintain balance between issuance and participation.

This approach protects existing token holders from excessive dilution. Controlled supply growth supports value retention over time.

Current network conditions necessitate this recalibration of inflation parameters. The proposal responds to observable gaps between supply expansion and user activity.

By narrowing this gap, the network seeks to stabilize its economic foundation. This creates conditions for sustainable development.

The changes strengthen supply discipline within the ecosystem. Astar positions these updates as protective measures for ASTR value.

The network emphasizes that controlled issuance supports long-term stability. These modifications work together to establish a more measured approach to token economics as the ecosystem continues to develop.

 

The post Astar Network Unveils Tokenomics 3.0: 10 Billion ASTR Supply Cap and Inflation Cuts appeared first on Blockonomi.

TLDR:

Spot bitcoin ETFs and treasuries absorbed 1.2 times new supply in 2025, reshaping demand dynamics 

Peak-to-trough bitcoin declines now limited to 50% versus historical 70-80% drawdowns in cycles 

Digital asset treasuries hold 1.1 million BTC valued at $89.9 billion as corporate adoption grows 

U.S. Strategic Bitcoin Reserve holds 325,437 BTC representing 1.6% of total bitcoin supply today

 

Bitcoin continues its transformation from speculative asset to institutional holding. The digital currency has attracted major financial players through regulated exchange-traded funds and corporate strategies.

Data shows spot bitcoin ETFs and digital asset treasuries absorbed 1.2 times new supply in 2025. This shift reflects broader acceptance among investors.

ETF Growth and Corporate Treasury Adoption Reshape Market Dynamics

Spot bitcoin ETFs reached a milestone during 2025, altering the asset’s supply-demand profile. Morgan Stanley and Vanguard expanded platforms to include bitcoin products in the fourth quarter.

Vanguard’s decision proved noteworthy given its historical exclusion of commodities. These vehicles attracted capital from advisors, institutions, and retail investors.

Corporate adoption has moved beyond early adopters into mainstream finance. According to ARK Investment Management and 21Shares analysts, “the unifying theme for the current cycle is bitcoin’s transition from an optional new monetary technology to a strategic allocation.”

Bitcoin is moving beyond the “crypto” fringe and, in our view, evolving into an institutional asset class.

In a new blog, @dpuellARK and @21shares_us's Matthew Mena outline four trends we believe are enhancing its value proposition.https://t.co/UGD46VRY3R

— ARK Invest (@ARKInvest) February 11, 2026

Strategy, formerly MicroStrategy, has accumulated holdings representing 3.5% of total supply. Digital asset treasury companies hold more than 1.1 million BTC, valued at $89.9 billion. The S&P 500 and Nasdaq 100 now include bitcoin-exposed companies like Coinbase and Block.

Sovereign interest materialized through the U.S. Strategic Bitcoin Reserve. The Trump Administration launched this reserve using seized bitcoin totaling 325,437 BTC.

This represents 1.6% of total supply valued at $25.6 billion. Texas led state-level adoption by adding bitcoin to reserves.

Regulatory developments have created clearer pathways for institutional participation. The proposed CLARITY Act would establish dual-oversight between CFTC and SEC.

This legislation provides a compliance roadmap with standardized maturity tests. The clarity reduces uncertainty that drove firms offshore.

Price Performance and Market Maturation Show Evolving Investor Behavior

Bitcoin’s relationship with gold has demonstrated patterns throughout market cycles. Gold prices surged 64.7% during 2025 while bitcoin declined 6.2%.

Historical data from 2016, 2019, and 2020 shows gold movements preceded bitcoin rallies. Spot bitcoin ETFs achieved in under two years what gold ETFs required over 15 years.

Market volatility metrics reveal a maturing asset with improved risk characteristics. Peak-to-trough declines in the current cycle have not exceeded 50%.

This compares favorably to prior cycles where drawdowns reached 70-80%. The February 2026 correction maintained this trend.

Long-term holding strategies have outperformed market timing. A hypothetical investor purchasing $1,000 at yearly peaks from 2020 through 2025 generated positive returns.

The report notes that “in 2026, bitcoin’s story is less about whether it will survive and more about its role in diversified portfolios.”

Even accounting for February corrections, this strategy produced a 29% return. Position sizing and holding periods matter more than entry timing.

Correlation analysis shows bitcoin maintains low relationships with traditional assets. Weekly returns from 2020 through 2026 show a 0.14 correlation with gold.

This low correlation enhances portfolio diversification benefits. Combined with reduced volatility, bitcoin presents a different risk-reward proposition.

The post Bitcoin Institutional Adoption Accelerates as ETFs and Corporate Treasuries Reshape Market appeared first on Blockonomi.

TLDR:

18 large U.S. companies with $50M+ liabilities filed bankruptcy in just three weeks this month. 

Credit card delinquencies jumped to 12.7% in Q4 2025, the highest level recorded since 2011. 

U.S. household debt reached record $18.8 trillion with all categories at historic peak levels. 

Younger consumers ages 18-39 face delinquency rates near 9.5%, straining discretionary spending.

 

U.S. corporate bankruptcies have surged to levels not seen since the 2008 financial crisis. Recent data shows 18 large companies with liabilities exceeding $50 million filed for bankruptcy in just three weeks.

The pace of corporate failures has reached the fastest rate since the 2020 pandemic. Meanwhile, consumer credit stress has intensified sharply.

Serious credit card delinquencies climbed to 12.7% in Q4 2025, marking the highest level since 2011. These parallel trends point to mounting economic pressure across both business and household sectors.

Record Pace of Large Company Failures

Nine large U.S. companies declared bankruptcy last week alone, according to market analyst Bull Thery. This pushed the three-week average to six bankruptcies, matching crisis-era conditions.

The worst period this century occurred during the 2009 financial crisis, when the three-week average peaked at nine. Current bankruptcy rates are approaching those historic highs, raising concerns about corporate health.

The speed of these failures stands out compared to recent years. Between 2020 and 2024, large corporate bankruptcies remained relatively contained despite economic volatility.

The sudden acceleration suggests underlying stress has been building across multiple sectors. Companies are facing pressure from high borrowing costs and weakening consumer demand.

Corporate debt burdens accumulated during years of low interest rates now pose greater challenges. Many firms were locked in favorable terms before monetary tightening began.

BREAKING: U.S. corporate failures and consumer stress just hit crisis levels, the worst since 2008.

In just the last 3 weeks, 18 large companies each with $50M+ in liabilities have filed for bankruptcy. Last week alone, 9 large U.S. companies went bankrupt.

That pushed the… pic.twitter.com/q3vnSuVnxd

— Bull Theory (@BullTheoryio) February 12, 2026

However, those with variable-rate obligations or refinancing needs face sharply higher costs. The combination creates difficulty for companies already operating on thin margins.

This wave of bankruptcies could spread through supply chains and labor markets. When large companies fail, smaller suppliers often face payment delays or losses.

Job cuts typically follow, which then reduces consumer spending power. The cycle can accelerate if not interrupted by policy intervention.

Consumer Debt Reaches All-Time Highs Amid Rising Delinquencies

U.S. household debt hit a record $18.8 trillion, increasing by $191 billion in Q4 2025 alone. Since January 2020, total household debt has grown by $4.6 trillion.

Every major category now sits at historic peaks: mortgage debt reached $13.2 trillion, credit card balances hit $1.3 trillion, and both auto loans and student loans stand at $1.7 trillion each.

Credit card delinquency rates tell a troubling story about payment capacity. Serious delinquencies jumped 5.1 percentage points since Q3 2022.

This increase exceeds the rise seen during the 2008-2009 period. More consumers are falling behind on payments rather than catching up or stabilizing.

Late-stage delinquencies show particular weakness among younger demographics. Ages 18-29 are experiencing serious delinquency transitions around 9.5%, while ages 30-39 face rates near 8.6%.

These groups typically drive discretionary spending across retail, dining, and entertainment sectors. Their financial stress directly affects economic growth.

Credit card balances entering 90-plus days delinquent climbed to 7.1%, now the third highest level since 2011. This metric indicates consumers have exhausted options to catch up on payments.

The Federal Reserve may need to respond with rate cuts and liquidity support if conditions worsen. Policy tools typically deploy after economic damage becomes visible in the data.

 

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TLDR

Russia is exploring ways to aid Cuba, which is facing a severe fuel shortage.

Russia emphasizes “constructive dialogue” with the U.S. over the situation in Cuba.

The U.S. threatens sanctions on countries supplying oil to Cuba, escalating tensions.

U.S. tariff revenue has surged by over 300%, reaching $124 billion for the year.

The U.S. Supreme Court’s upcoming ruling on tariffs could impact the country’s fiscal health.

On Thursday, the Kremlin expressed its willingness to provide assistance to Cuba, which is grappling with a severe fuel shortage. In response to the growing crisis, Kremlin spokesperson Dmitry Peskov dismissed U.S. President Donald Trump’s tariff threats, stating that Moscow had limited trade with Cuba. Tensions continue to rise, as the U.S. threatens sanctions on any country supplying oil to the Caribbean island.

Kremlin Addresses Oil Supply for Cuba

The Kremlin confirmed that it was exploring options to aid Cuba with its escalating energy crisis. According to a local media report, Peskov acknowledged the strained relationship but assured that the Kremlin would not seek to escalate tensions.

Peskov emphasized the need for constructive dialogue between Russia and the U.S. regarding the situation. Cuba, already struggling under a 60-year U.S. trade embargo, is facing a deepening economic crisis exacerbated by a fuel shortage. Moscow’s support could play a pivotal role in alleviating some of Cuba’s immediate challenges.

Despite this, Russia has refrained from making any public commitments, citing the sensitivity of the matter. Peskov further added that such issues must be discussed discreetly due to their delicate nature. As Cuba’s energy crisis worsens, international airlines, including Air Canada, have already canceled flights to the island, underscoring the extent of the fuel shortage.

U.S. Tariff Revenue Surges Amid Ongoing Disputes

Meanwhile, U.S. tariff revenue has surged by over 300% in recent months, bringing in $30 billion in January alone. This sharp increase follows President Trump’s decision to impose tariffs on a wide range of goods.  The tariff revenue for the year has already reached $124 billion, reflecting the aggressive trade policies pursued by the White House.

However, this rise in revenue comes as the U.S. waits for a crucial Supreme Court ruling on the legality of these tariffs. The Supreme Court has yet to issue its decision on the justification for the tariffs, with oral arguments held last November.

A ruling is expected soon, and a negative verdict could have implications for the U.S. economy. If the court finds the tariffs unjustified, the U.S. could be required to reimburse the duties collected, which would affect the country’s fiscal health.

As the U.S. faces this legal uncertainty, the tariff policy remains a key factor in shaping the nation’s economic outlook. Although tariff revenue has helped reduce the budget deficit by 26% compared to last year, the U.S. continues to struggle with its national debt. In January alone, interest payments on the debt totaled $76 billion, highlighting the ongoing financial strain.

The post Russia Weighs Support for Cuba Amid Fuel Crisis and U.S. Tariff Threats appeared first on Blockonomi.

TLDR

Crocs reported Q4 adjusted earnings of $2.29 per share, beating analyst estimates of $1.91 per share, while revenue fell 3.2% to $957.6 million but topped expectations of $916.9 million.

The Crocs brand grew sales 0.8% to $768 million while Heydude brand sales dropped 16.9% to $189 million during the quarter.

Shares jumped 14% in premarket trading to $94.24 after the company provided full-year guidance above Wall Street expectations.

Crocs expects 2026 adjusted earnings of $12.88 to $13.35 per share versus analyst estimates of $11.89, with revenue projected down 1% to flat compared to 2025.

The company identified $100 million in cost savings for 2026 to boost efficiency and continue investing in its brands.

Crocs delivered a better-than-expected fourth quarter on Thursday, sending shares soaring 14% to $94.24 in premarket trading. The footwear company beat Wall Street’s earnings and revenue forecasts despite a mixed performance across its two main brands.

#Crocs Inc.$CROX, Q4-25.

Results:
Adj. EPS: $2.29
Revenue: $957.64M
Net Income: $105.17M
Crocs Brand grew 0.8% to $768.38M, offsetting a 16.9% decline in HEYDUDE Brand revenue. pic.twitter.com/ny9vaDe93C

— EarningsTime (@Earnings_Time) February 12, 2026

The company posted adjusted earnings of $2.29 per share for the quarter. That crushed analyst expectations of $1.91 per share. Revenue came in at $957.6 million, down 3.2% from the prior year but well ahead of the $916.9 million analysts had predicted.

The earnings beat comes after Crocs stock slumped 22% throughout 2025. Investors had grown concerned about slowing momentum for the clog maker. Thursday’s results suggest those fears may have been overblown.

Brand Performance Diverges

The quarter showed a clear split between Crocs’ two brands. The namesake Crocs brand posted sales growth of 0.8% to reach $768 million. That modest gain kept the core business moving forward.

Heydude told a different story. The casual footwear brand saw sales plunge 16.9% to $189 million. The decline weighed on overall company results but wasn’t enough to derail the quarter.

CEO Andrew Rees pointed to international strength as a key driver. “We ended 2025 on a strong note with a better-than-expected holiday quarter,” Rees said in a statement. He noted the company accelerated strategic actions to strengthen both brands for the long term.

Crocs is banking on $100 million in cost savings this year. The efficiency push aims to free up cash for continued brand investments. Rees said the moves give the company greater confidence in its growth drivers heading into 2026.

2026 Outlook Tops Estimates

The guidance Crocs provided for the full year got investors excited. The company expects adjusted earnings of $12.88 to $13.35 per share for 2026. That range sits well above the $11.89 consensus estimate from Wall Street analysts.

Revenue is projected to finish down about 1% to slightly positive for the year. Analysts had been modeling for a 1.9% decline to $3.97 billion. The better-than-feared outlook suggests Crocs sees stabilization ahead.

For the current first quarter, the company guided for adjusted earnings of $2.67 to $2.77 per share. Revenue is expected to fall 3.5% to 5.5% compared to last year. Analysts had forecast adjusted earnings of $2.52 per share on revenue of $894.3 million, representing a 4.6% decline.

Net income for the fourth quarter totaled $105.2 million, or $2.03 per share. That compared to $368.9 million, or $6.36 per share, in the year-ago period. The sharp decline reflects one-time items that boosted the prior year’s results.

The quarter caps a challenging 2025 for Crocs. The stock had fallen after the company’s previous two earnings reports. Concerns mounted about whether demand for the distinctive clogs was finally fading.

Thursday’s results and upbeat guidance suggest the ugly-shoe trend still has legs. The double-digit premarket gain indicates investors are willing to give Crocs another look. The company’s cost-cutting plan and international growth provide potential catalysts for 2026.

The post Crocs (CROX) Stock Jumps 14% After Beating Q4 Earnings Expectations appeared first on Blockonomi.

TLDR

Nebius Group (NBIS) reported Q4 revenue of $227.7 million, missing analyst estimates of $247.5 million despite a 547% year-over-year increase

The company posted a net loss of $249.6 million in Q4, widening from $122.9 million in the prior-year period

Full-year 2025 revenue reached $529.8 million, up 479% from 2024, with positive adjusted EBITDA of $15 million in Q4

Annual Recurring Revenue hit $1.25 billion by year-end, exceeding guidance of $900 million to $1.1 billion

Nebius announced plans for a 240 MW data center in Béthune, France, and targets 800 MW to 1 GW of connected power by end of 2026

Nebius Group reported mixed fourth-quarter results Thursday that sent shares down initially in pre-market trading before recovering to trade up 4%. The AI cloud company posted revenue of $227.7 million, falling short of the $247.5 million consensus estimate.

Today, we reported our Q4 and full-year 2025 financial results. The highlights include:

– ARR as of year-end was $1.25B, ahead of our most recent guidance of $900M–$1.1B
– This paves the way for significant continued growth. We are on track to end 2026 with ARR of $7B–$9B pic.twitter.com/N0N8gKpiLT

— Nebius (@nebiusai) February 12, 2026

Despite missing expectations, revenue jumped 547% compared to $35.2 million in the same quarter last year. For the full year, Nebius generated $529.8 million in revenue, representing a 479% increase from $91.5 million in 2024.

The company’s net loss widened to $249.6 million in the fourth quarter from $122.9 million in the year-ago period. Adjusted net loss also expanded to $173 million compared to $69 million in the prior-year quarter.

Operating expenses climbed 169% year-over-year to $462.2 million in the quarter. Depreciation and amortization expenses surged 443% to $180.7 million.

Capital expenditures grew substantially as Nebius invests in infrastructure. The company spent $2.06 billion on property and equipment purchases in the quarter, up 392% from $417.5 million in the same period last year.

One bright spot was adjusted EBITDA, which turned positive at $15 million for the quarter. This compared to a loss of $63.9 million in the fourth quarter of 2024.

Strong Growth in Key Metrics

Annual Recurring Revenue reached $1.25 billion by year-end, beating the company’s guidance range of $900 million to $1.1 billion. CEO Arkady Volozh said the company diversified its customer base by adding several large startup and enterprise clients during 2025.

Nebius ended the year with about 170 megawatts of active power, exceeding its target of 100 MW. The company remains on track to reach 800 MW to 1 GW of connected power by the end of 2026.

The company expects to have more than 3 gigawatts of contracted power by year-end. This expansion supports Volozh’s projection that Nebius will achieve ARR of $7 billion to $9 billion by the end of 2026.

European Data Center Expansion

Nebius announced plans for a new 240 MW data center in Béthune, France. The facility will be one of Europe’s largest data centers when completed.

The company’s cash position remained healthy with $3.68 billion in cash and cash equivalents as of December 31, 2025. This represents an increase from $2.43 billion at the end of 2024.

Volozh outlined four strategic priorities for 2026: scaling capacity with discipline, executing on customer commitments, advancing the AI Cloud platform, and raising capital strategically. The company enters 2026 with what the CEO described as “strong momentum” and “high operational confidence.”

Last month, Nebius joined competitors Supermicro and CoreWeave in announcing they will offer Nvidia’s new Vera Rubin NVL72 computing platform. The company is positioning itself to handle demanding AI workloads as the market continues to expand.

The post Nebius (NBIS) Stock: Why Revenue Jumped 547% But Still Missed Estimates appeared first on Blockonomi.

TLDR

Cathie Wood’s ARK Invest bought $33.8 million in Robinhood shares after the stock dropped 9% on Q4 earnings miss

Robinhood now represents ARK’s largest crypto holding at $248 million, a 4.1% portfolio weighting

CEO Vlad Tenev predicts prediction markets will enter a “supercycle” with trillions in annual volume potential

The company launched Robinhood Chain testnet, a Layer 2 blockchain for tokenized assets

Bitcoin ETFs saw $276 million in outflows Wednesday as crypto trading volumes declined

Cathie Wood made a bold move Wednesday, buying the dip on Robinhood shares while most investors headed for the exits. ARK Invest purchased $33.8 million worth of stock as shares plunged nearly 9% following a disappointing Q4 earnings report.

The buying spree wasn’t limited to Robinhood. ARK also added $16 million in other crypto-related stocks including Bullish and Circle as the broader digital asset market sold off.

Robinhood missed revenue estimates in Q4 as cryptocurrency trading volumes collapsed during Bitcoin’s recent weakness. The digital currency briefly dropped below $66,000, triggering a wave of selling across crypto-linked equities.

But Wood saw opportunity where others saw risk. The purchases pushed Robinhood to become ARK’s largest crypto-related position, with total holdings now worth approximately $248 million.

Blockchain Infrastructure Play

The timing coincided with Robinhood’s testnet launch of Robinhood Chain. This Layer 2 blockchain targets tokenized real-world assets and institutional financial services.

ARK appears to be betting on Robinhood’s transformation from a retail trading platform into a blockchain infrastructure provider. The quarterly earnings miss seems less important than the long-term strategic positioning.

Bitcoin ETFs recorded $276.3 million in net outflows Wednesday, nearly erasing weekly gains. Total assets under management dropped to $85.7 billion, the lowest level since late 2024.

While Bitcoin has stabilized around $67,200, institutional appetite remains muted. Many large investors are waiting for clearer market direction before deploying capital.

Prediction Markets Opportunity

CEO Vlad Tenev offered a different perspective during the earnings call. He described prediction markets as entering a “supercycle” that could eventually generate trillions in annual trading volume.

The data supports his optimism. Prediction markets volume more than doubled in Q4, reaching $12 billion in total contracts for 2025. The company has already processed $4 billion in 2026.

Robinhood is building its own prediction market platform through a joint venture with Susquehanna International Group. The move would give the company greater control over product offerings and potentially stronger margins.

Launch is expected later this year. The platform will compete with Kalshi and Polymarket in a rapidly expanding market.

Tenev told CNBC he remains bullish on crypto despite recent volatility. The company plans to continue expanding both digital asset offerings and prediction markets.

More details are expected at Robinhood’s “Take Flight” event on March 4. Tenev is scheduled to unveil new products and strategic initiatives.

Wall Street maintains a Strong Buy rating on the stock. Analysts have issued 14 Buy ratings, three Holds, and zero Sells over the past three months. The average price target of $135.79 suggests 56.9% upside potential.

Shares have declined nearly one-third year-to-date following Wednesday’s selloff.

The post Cathie Wood Loads Up on Robinhood (HOOD) Stock During 9% Crash appeared first on Blockonomi.

TLDR

Applied Materials faces $252 million settlement for illegally exporting semiconductor equipment to Chinese chipmaker SMIC.

The company made 56 unauthorized shipments worth $126 million by routing equipment through South Korea from 2020-2023.

SMIC was placed on U.S. Entity List in December 2020 due to military connections, requiring special export approvals.

The penalty represents the maximum allowed and is the second-largest export violation fine in BIS history.

Federal agencies DOJ and SEC closed their investigations without pursuing additional charges against the company.

Applied Materials reached a $252 million settlement with the U.S. Department of Commerce on Wednesday. The agreement resolves allegations the company illegally exported chipmaking equipment to China.

The Commerce Department’s Bureau of Industry and Security charged Applied Materials with 56 export violations. These shipments occurred between 2020 and 2023.

The California-based semiconductor equipment manufacturer sent ion implanters to Semiconductor Manufacturing International Corp. SMIC operates as China’s largest chipmaker. Applied Materials never obtained required export licenses for these transactions.

Routing Scheme Through South Korea

Applied Materials developed a multi-step process to ship the equipment. The company built ion implanters at its Massachusetts facilities. It then sent them to Applied Materials Korea for assembly. The final destination was SMIC in China.

Ion implanters are essential tools in semiconductor production. They alter silicon wafers during the manufacturing process.

The scheme allowed Applied Materials to avoid direct exports to China. But the Commerce Department determined this still violated export control laws.

SMIC appeared on the Entity List in December 2020. The designation came from the company’s suspected ties to China’s military. Any U.S. company must secure special licenses before shipping technology or goods to Entity List companies.

Investigation and Penalties

Reuters broke the story in 2023 about the criminal investigation. The news organization detailed how Applied Materials used its Korean subsidiary as a waypoint.

The total value of illegal shipments reached approximately $126 million. Most occurred during 2021 and 2022.

The $252 million fine equals double the transaction value. This represents the maximum penalty under Commerce Department rules. Only one larger export control fine exists in BIS history.

Seagate Technology paid $300 million in 2023 for selling hard drives to Huawei. That case set the record for export violation penalties.

Investigations Closed

Applied Materials released a statement expressing satisfaction with the settlement. The company highlighted that two other federal agencies dropped their probes.

The Department of Justice notified Applied Materials it closed its investigation without action. The Securities and Exchange Commission made the same decision.

Neither the DOJ nor SEC provided public comments. The Commerce Department confirmed the settlement amount and violation count.

Applied Materials had previously warned shareholders about China export restrictions. The company stated these controls would impact revenue. Both recent administrations tightened chip technology exports to China.

The restrictions target China’s artificial intelligence development. Washington aims to prevent Beijing from accessing cutting-edge semiconductor manufacturing capabilities.

The settlement eliminates legal uncertainty for Applied Materials. The company faced potential criminal charges and additional civil penalties before reaching this agreement. All federal investigations into these export violations are now resolved.

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TLDR

Alphabet launched a rare 100-year sterling bond worth £1 billion, drawing 10 times oversubscription from institutional investors seeking long-term assets.

The century bond is part of a $20 billion multi-currency debt package to finance AI infrastructure as Alphabet’s 2026 capex hits $185 billion.

Market analysts warn the deal indicates late-cycle market exuberance as tech companies plan $3 trillion in debt issuance over five years.

Credit spreads have reached their tightest levels since 1998, raising concerns about overlending to technology companies in the AI race.

The bond’s coupon was set at 120 basis points above 10-year gilts, with demand primarily from pension funds and insurance companies.

Alphabet issued a historic 100-year sterling bond on Tuesday that has credit market strategists sounding alarm bells. The rare century bond attracted nearly 10 times the orders for the £1 billion ($1.37 billion) offering.

The deal forms part of a massive $20 billion borrowing program. The multi-currency package spans dollars, euros, sterling, and includes Alphabet’s first Swiss franc bond.

Century bonds remain extraordinarily rare for corporate issuers. Alphabet joins an elite group including the University of Oxford, the Wellcome Trust, and Mexico’s government.

The 100-year bond’s coupon landed at 120 basis points above 10-year gilts. Pension funds and insurers provided the bulk of demand as they match long-term liabilities.

Tech Debt Reaches Historic Levels

Bill Blain, CEO of Wind Shift Capital, described current debt levels as “off-the-historical scale.” Alphabet announced last week that capex spending will reach $185 billion in 2026.

The company isn’t alone in its borrowing spree. Oracle, Amazon, and Microsoft are ramping up infrastructure spending at breakneck pace.

Total tech debt issuance could hit $3 trillion over the next five years. That represents a fundamental shift from capital-light software to capital-heavy AI infrastructure.

“I give them full credit for taking advantage of the opportunity,” Blain told CNBC. “They clearly identified demand from U.K. insurance and pension funds.”

But he warned the deal signals dangerous market froth. “You can’t get much more frothy than a 100-year bond,” Blain said. “If you’re looking for a signal of a top, it does look like one.”

Credit Markets Flash Warning Signs

Credit spreads have compressed to historically tight levels. Corporate yields over Treasurys hit their lowest point since Coca-Cola’s 1998 century bond.

That timing matters. Century bonds typically appear when money is easy and investors chase yield.

The first wave came in the late 1990s before Long-Term Capital Management collapsed. The second wave arrived during zero interest rates and ended badly.

Austria’s zero-coupon 100-year bonds from 2020 now trade at just 5% of issue value. Argentina defaulted on its century bonds after only three years.

Nachu Chockalingam, head of London credit at Federated Hermes, said Alphabet is diversifying funding sources. “They are looking to tap into insurance and pension demand to avoid over-saturating the USD market,” he said.

AI Race Intensifies Competition

Alphabet sits on $126 billion in cash and marketable securities. The company maintains an AA+ credit rating and borrows less than half its cash pile.

But the AI business model remains uncertain. Alphabet’s Gemini chatbot faces fierce competition from OpenAI’s ChatGPT, Anthropic’s Claude, and Chinese developers.

If businesses prefer low-cost open-source models, current leaders could struggle. There’s also risk that AI disrupts traditional web search and undermines Alphabet’s core revenue.

The century bond’s duration is just under 17 years. That means it behaves like conventional 40-year bonds from Oracle, Cisco, Intel, and Apple.

The final principal payment represents only 0.28% of present value. What matters are the interest payments over coming decades.

Investors remain eager to finance tech AI spending. But as borrowing accelerates, the industry may hit limits that push yields higher across the sector.

The oversubscribed offering shows pension funds and insurers have appetite now. The question is whether that appetite persists as tech debt piles up.

The post Alphabet (GOOGL) Stock: Why This 100-Year Bond Has Credit Markets Worried appeared first on Blockonomi.

TLDR

Bill Ackman’s Pershing Square unveiled a $2 billion Meta investment worth 10% of the fund’s portfolio

The hedge fund bought shares in November at $625 each, calling Meta undervalued despite market concerns

Meta stock fell 16% over 12 months as the company announced $115-135 billion in AI spending for 2026

Pershing argues Meta’s 22x forward P/E ratio is cheap compared to tech peers like Alphabet and Nvidia

The fund delivered 20.9% returns in 2025, outperforming the S&P 500’s 14% gain by nearly 7 points

Billionaire hedge fund manager Bill Ackman disclosed a major bet on Meta Platforms Wednesday. His firm Pershing Square revealed the position during its annual investor meeting.

The stake accounts for 10% of Pershing’s entire portfolio. Based on the fund’s size, that represents approximately $2 billion invested in the social media company.

Ackman made his bullish case clear in the presentation. He called Meta’s valuation “deeply discounted” relative to its long-term AI potential.

The stock has faced headwinds lately. Meta shares declined 16% over the trailing 12-month period as spending concerns mounted.

Meta outlined aggressive AI investment plans in its January earnings report. The company expects to pour $115 billion to $135 billion into AI infrastructure this year.

Wall Street reacted nervously to those numbers. Many investors questioned whether such heavy spending would pay off.

Pershing Square disagrees with that skepticism. The fund believes critics are missing the bigger picture on AI’s impact.

Why Pershing Sees Value

The valuation argument forms the core of Ackman’s thesis. Meta currently trades at 22 times its projected next-12-month earnings.

That multiple looks attractive compared to other tech leaders. Companies like Alphabet, Apple, and Nvidia all trade at higher forward earnings ratios.

Pershing expects AI to supercharge Meta’s advertising platform. Enhanced content recommendations and smarter ad targeting could drive meaningful revenue growth.

The fund also sees upside beyond traditional ads. AI-powered tools for businesses and new wearable products represent untapped opportunities.

“We believe Meta’s current share price underappreciates the company’s long-term upside potential from AI,” Pershing wrote in its presentation. The fund views AI spending as investment rather than cost.

Strategic Bet Reflects Ackman’s Style

Pershing Square runs a concentrated portfolio. The fund owned just 13 positions at the end of last year.

That focused approach means each investment carries weight. Ackman only buys when he sees compelling value and long-term potential.

The Meta purchase happened in November. Pershing paid an average price of $625 per share when building the position.

That entry point worked out well initially. Meta stock jumped 11% from the purchase date through December 31, 2025.

Shares gained another 3% in the first weeks of 2026. Ackman’s position showed paper profits before the public announcement.

Pershing also picked up stakes in Amazon and Hertz during 2025. The fund clearly hunted for opportunities in last year’s market volatility.

Performance Supports the Strategy

Pershing Square posted strong results in 2025. The fund’s net asset value rose 20.9% for the full year.

That crushed the broader market. The S&P 500 returned 14% in 2025, trailing Pershing by almost seven percentage points.

The outperformance validates Ackman’s selective investment approach. His willingness to make big bets on conviction ideas has paid off.

Tech holdings feature prominently in the portfolio. Beyond Meta, Pershing owns significant positions in Alphabet and Amazon.

Pershing wrote that “concerns around META’s AI-related spending initiatives are underestimating the company’s long-term upside potential from AI.” The fund purchased shares in the fourth quarter at an average cost of $625 each.

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TLDR

McDonald’s delivered Q4 earnings of $3.12 per share on $7.01 billion revenue, beating Wall Street forecasts of $3.04 per share and $6.84 billion

U.S. comparable sales surged 6.8% while global comparable sales climbed 5.7%, powered by $5 meal deals and promotional campaigns

The fast-food chain targets 50,000 global restaurants by late 2027, expanding from current 43,477 locations

CEO confirms affordability push is working as traffic improves and value perception strengthens among customers

Stock declined 1% after hours despite earnings beat as investors digested full-year guidance and expansion plans

McDonald’s crushed fourth quarter earnings expectations. The company reported adjusted earnings of $3.12 per share on revenue of $7.01 billion.

#McDonalds$MCD, Q4-25.

Results:
Adj. EPS: $3.12
Revenue: $7.01B
Net Income: $2.16B
Global comparable sales increased 5.7%, driven by positive guest counts and strong performance across all segments pic.twitter.com/cwEKEZKG05

— EarningsTime (@Earnings_Time) February 11, 2026

Wall Street analysts had projected earnings of $3.04 per share on revenue of $6.84 billion. The burger chain exceeded both metrics handily.

Global comparable sales rose 5.7% in the quarter. U.S. comparable sales jumped 6.8%, marking a strong performance in the company’s largest market.

CEO Chris Kempczinski credited the company’s focus on customer feedback. The value-driven approach improved traffic and strengthened affordability scores.

Global systemwide sales increased 11% during the quarter ended December. The results cap a year of strategic repositioning around value pricing.

Affordability Campaign Delivers Growth

McDonald’s launched its affordability push in 2024 with a $5 meal deal. The company worked closely with franchisees to reduce combo meal prices throughout last year.

Kempczinski made the company’s position clear on the earnings call. “McDonald’s is not going to get beat on value and affordability,” he stated.

The strategy is resonating with budget-conscious consumers. Lower-income customers remain under pressure but McDonald’s is capturing more of their spending.

Franchisees invested their own profits into the pricing initiative. McDonald’s agreed to subsidize operators who lost money on the discounted offerings.

The fourth quarter featured successful promotional campaigns. A Grinch-themed holiday meal sold out in stores across the country.

The company also revived its popular Monopoly game in October. These limited-time offers helped drive customer visits during the period.

Expansion Plans and Menu Innovation

McDonald’s is preparing for aggressive growth. The company aims to operate 50,000 restaurants worldwide by the end of 2027.

That represents an expansion of more than 6,500 locations from the current 43,477 restaurants. CFO Ian Borden said the company plans to accelerate development beyond 2025 levels.

“We had earned the right to grow again,” Borden said in an interview following the earnings release.

Menu innovation remains a priority for 2026. McDonald’s is testing new burgers and beverages across multiple markets.

Energy drinks featuring Red Bull performed well during test runs. The company plans to launch energy drinks, specialty sodas and fruity refreshers in U.S. locations this year.

Kempczinski addressed the growing use of GLP-1 weight-loss drugs. He noted McDonald’s protein-rich menu positions the chain well as adoption increases.

Fourth quarter revenue climbed 10% to $7.01 billion. Profit rose 7% to $2.16 billion for the period.

For the full year, global comparable sales increased 3.1%. U.S. comparable sales gained 2.1% while total revenue grew 4%.

The stock slipped approximately 1% in after-hours trading. Shares initially rallied following the earnings release but reversed course later in the session.

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