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Pharos, a Layer 1 blockchain specializing in financial infrastructure, announced it has secured an investment from Hong Kong-listed GLC New Energy. While the specific amount was not disclosed, the deal values Pharos at approximately $1 billion. Pharos plans to use the funding to focus on transitioning the real-world asset (RWA) market to an industrial commercialization phase. The two companies have also agreed to collaborate in areas such as tokenizing renewable energy assets, developing a decentralized energy trading system, and verifying carbon footprint tracking. Pharos aims to build a system connecting on-chain financial infrastructure with real-world energy infrastructure through its proprietary parallel execution architecture. The company was founded by former employees of Ant Group, China's largest fintech company, and is backed by global traditional finance investors including Hack VC and Faction VC.

Whale Alert reported that 3,146 BTC has been transferred from an unknown wallet to Galaxy Digital. The transaction is valued at about $223 million.

An address believed to belong to Blockchain Capital has deposited 216,000 AAVE, worth $24.8 million, to Coinbase Prime, according to on-chain monitor EmberCN. The monitor noted that a week ago, ParaFi Capital sold its AAVE holdings to purchase SKY. EmberCN added that Blockchain Capital has been a long-term AAVE holder, having acquired 233,000 AAVE at an average price of $94 between October 2020 and March 2023. The firm previously sold 16,900 AAVE in December 2024.

Ethereum founder Vitalik Buterin announced on X that the Ethereum Foundation (EF) has established operating principles centered on core values such as censorship resistance and privacy. He explained that Ethereum is a technology enabling technical self-sovereignty and non-coercive cooperation, adding that the foundation plans to act as a steward to protect and expand these values. The foundation will prioritize what it calls "CROPS"—Censorship Resistance, Capture Resistance, Open Source, Privacy, and Security—while also enhancing capabilities like scalability and account abstraction. Buterin emphasized that Ethereum will be more than just a blockchain project, serving as a final escape hatch to prevent the monopolization of internet space by specific individuals, groups, or ideologies.

Intellectual property (IP) development company PIP Labs has cut approximately 10% of its workforce to focus on its AI agent and IP infrastructure business, Decrypt reported. The reduction includes five full-time employees and three contractors. Although PIP Labs secured an $80 million investment at a $2 billion valuation in 2024, the price of its IP token has fallen 86% from its all-time high. The move is seen as a strategic shift toward AI-based services in response to the token's price decline and changing market conditions, the outlet added.

An anonymous whale address starting with 0x8E3 appears to have accumulated 80,219 ETH, worth $166.76 million, from Kraken over the past five days, Onchain Lens reported. The address withdrew 6,413 ETH ($13.42 million) from the exchange 10 hours ago and is holding the assets across multiple addresses. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

The Fear & Greed Index from cryptocurrency data provider Alternative rose one point from the previous day to 16. The index shifted from 'fear' to 'extreme fear' on Jan. 30 and has remained in that category ever since. A score closer to 0 indicates extreme fear in the market, while a score closer to 100 signifies extreme optimism. The Fear & Greed Index is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

The price of XRP is struggling to recover despite a recent increase in network activity on the XRP Ledger (XRPL), CoinDesk reported. While the XRPL has seen a rise in daily transactions and automated market maker pools, XRP's price has fallen 26% since the beginning of the year. The report noted that XRP is primarily used as a bridge token for Ripple's stablecoin, RLUSD, and other tokenized assets, which fails to create long-term holding demand or scarcity. The XRPL's total value locked (TVL) stands at $47.54 million, a figure significantly lower than XRP's market capitalization. This suggests that XRP's market value relies more on speculative expectations than on-chain activity, the outlet explained. According to CoinMarketCap, XRP is currently trading at $1.39, up 0.94% over the past 24 hours.

Bitcoin is exhibiting a "shock and recovery" pattern following recent developments involving Iran, similar to its behavior during the Russia-Ukraine war, BeInCrypto reported. The outlet noted that both periods were characterized by an initial panic sell followed by a sharp rebound. This was succeeded by a phase of highly volatile sideways trading as the market adapted to geopolitical risks. Additionally, the Relative Strength Index (RSI) in both cases entered oversold territory before rebounding with strong momentum. However, the analysis suggests current market volatility is greater than during the Russia-Ukraine conflict, and capital flows appear more indicative of short-term trading than long-term accumulation. If this pattern persists, Bitcoin is more likely to rise amid sustained volatility rather than experience a sharp decline, BeInCrypto explained.

Argentine government insiders are suspected of betting on inflation data on the prediction market Polymarket before its official release, DL News reported. The controversy surrounds the February consumer price inflation rate, which Argentina’s National Institute of Statistics and Census (INDEC) announced was 2.9%, surpassing the expert consensus of 2.7%. A total of $27,885 was wagered on the outcome on Polymarket. The outlet noted that accounts typically making small bets were observed concentrating significant funds on a specific number just before the announcement, reigniting concerns about insider trading and market manipulation on the platform.

U.S. President Donald Trump announced on Truth Social that U.S. Central Command, acting on his orders, has completely destroyed all military targets on Iran's strategic Kharg Island in what he described as the most powerful large-scale airstrike operation in Middle Eastern history. Kharg Island, a key hub for most of Iran's crude oil exports, was reportedly equipped with anti-aircraft missile bases and military defense installations. Trump added that the decision was made not to destroy the island's key economic asset—its oil infrastructure. However, he warned that this decision would be reconsidered if Iran or any other power were to interfere with the free and safe navigation of vessels through the Strait of Hormuz. He stressed that Iran has no ability to defend against any U.S. attack and will never be allowed to have nuclear weapons.

Circle's USYC token has become the largest in the tokenized U.S. Treasury market, with its supply reaching approximately $2.2 billion and surpassing BlackRock's BUIDL fund. According to CoinDesk, BUIDL currently holds around $2 billion in assets. Amid intensifying competition from new entrants, BUIDL's market share has fallen to 18% from a peak of 46% in May. The outlet noted that USYC's recent expansion appears to be linked to activity on the BNB Chain, as Binance recently added the token as over-the-counter collateral for institutional derivatives trading.

The three major U.S. stock indices closed lower today. - S&P 500: -0.61% - Nasdaq: -0.93% - Dow Jones: -0.25%

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

The U.S. Court of Appeals for the Tenth Circuit has rejected a request by Custodia Bank to reopen its lawsuit against the Federal Reserve (Fed). According to BeInCrypto, the court voted 7-3 against a rehearing of the case. Custodia Bank had initially sued the Fed, arguing that the central bank should grant it a master account, in a case where the court had previously ruled in favor of the Fed.

KRAKacquisition, a special purpose acquisition company (SPAC) backed by a Kraken affiliate, is currently seeking an acquisition target valued at up to $10 billion. According to Decrypt, company director Ravi Tanuku explained that they are considering businesses in not only cryptocurrency but also stablecoins, DeFi, and all types of payment-related ventures.

Prominent investor Ric Edelman stated in an interview with CNBC that Bitcoin has enormous return potential, predicting up to a tenfold increase in investment returns over the next decade. During the same period, he expects other assets to yield only 5-10%. Edelman, who serves as chairman of the Digital Assets Council, attributed this potential price surge to Bitcoin's low adoption rate—with less than 5% of the global population currently holding it—and its fixed total supply of 21 million coins. He argued that medical innovations extending lifespans have made the traditional 60/40 portfolio model obsolete. "Consequently, for investors willing to allocate 70-80% of their funds to stocks, their crypto exposure should not be limited to just one or two percent, but rather 10%, 15%, or even 20%," he emphasized. He also commented that Bitcoin has failed to fulfill its original vision as a currency, stating that nobody thinks it will serve that role. However, he noted this is not a negative development, explaining that Bitcoin has the potential to excel as a store of value and leverage its brand dominance.

According to CoinNess market monitoring, BTC has fallen below $71,000. BTC is trading at $70,988.01 on the Binance USDT market.

Cryptocurrency industry Super PACs, including Fairshake, have spent $271 million on lobbying efforts for the 2026 midterm elections, DL News reported. Of the total, approximately 40% was directed to the Republican Party, 3% to the Democratic Party, and the rest to independent candidates.

The Ethereum Foundation (EF) has published a 38-page document outlining its philosophy, priorities, and long-term role as a network steward. According to CoinDesk, the document specifies that the foundation is the initial steward of the Ethereum project but not its parent company, owner, or ruler, adding that the foundation is not the system itself. The guide emphasizes the concept of autonomy, describing it as Ethereum's core purpose. It states that Ethereum's core mission is to realize user self-sovereignty, which requires maintaining censorship resistance, open-source principles, privacy, and security during development. The foundation also aims to reduce its influence as the ecosystem matures. The document was released as the organization faces a turning point, following the resignation announcement of Co-Executive Director Tomasz Stańczak.

Cryptocurrency payments firm MoonPay has introduced an artificial intelligence (AI) crypto agent equipped with Ledger's security features to address wallet key security issues. According to CoinDesk, MoonPay has added Ledger hardware wallet signing capabilities to its command-line interface (CLI) wallet for the MoonPay Agent. This move aims to resolve security problems associated with autonomous cryptocurrency trading tools. The feature enables users to verify and sign all transactions generated by the AI agent using their Ledger hardware device, ensuring that private keys never leave the hardware signing device.

Legendary U.S. hedge fund manager and billionaire investor Stanley Druckenmiller said that stablecoins and Bitcoin could change the financial landscape. In an interview with Morgan Stanley, he explained that stablecoins could become the foundation of the global payments system within the next 10 to 15 years, CoinDesk reported. He described them as more efficient, faster, and cheaper than existing systems, adding that the use of blockchain and stablecoins is highly beneficial for productivity. Druckenmiller also noted that Bitcoin has become a brand and is likely to remain a store of value because people like it. He further questioned how long the U.S. dollar could maintain its status as the world's reserve currency, stating that he does not believe the euro will take its place in 50 years and is unsure which currency might.

Lookonchain reported that an anonymous whale with an address starting in 0x2d85 purchased 5,003 ETH, worth approximately $10.9 million, at an average price of $2,179. This address previously sold Ethereum about six months ago at a peak price of around $4,300.

Mizuho Securities has raised its price target for Circle from $100 to $120, CoinDesk reported. The move comes as Circle's USDC trading volume has surpassed that of Tether's USDT for the first time since 2019. The investment firm maintained its Neutral rating on the company. Mizuho analysts cited increased activity and expanding use cases for USDC as key reasons for the adjustment. They explained that USDC's market capitalization has shown strong resilience despite the overall downturn in the crypto market and that investor awareness of Circle's economic model and leadership in stablecoin infrastructure is growing. So far in 2026, USDC's adjusted trading volume stands at approximately $2.2 trillion, accounting for about 64% of the total, while USDT's adjusted volume is $1.3 trillion.