Industry News

Did SBI Holdings Really Buy $10 Billion Worth Of XRP? CEO Reveals The Real Figure

Speculation that SBI Holdings acquired $10 billion worth of XRP was refuted by CEO Yoshitaka Kitao. The claim, which originated from social media, misrepresented the company’s actual exposure. Instead of holding XRP directly, SBI maintains indirect exposure through a 9% equity stake in Ripple Labs, valued at an estimated $4.5 billion based on Ripple’s $50+ billion valuation. This strategic partnership supports Ripple’s expansion in Asia and involvement in institutional payment initiatives, without the volatility risks of direct token ownership.

bitcoinist02/16 16:32

Crypto Courtroom Drama: Kevin O’Leary Wins Nearly $3M Against YouTuber ‘Bitboy’

Kevin O'Leary, known as "Mr. Wonderful" from Shark Tank, has been awarded a $2.8 million default judgment by a US federal court against YouTuber Ben "BitBoy" Armstrong. The ruling stems from a defamation lawsuit after Armstrong failed to respond to allegations that he made false social media posts accusing O'Leary of involvement in a fatal 2019 boating incident. The damages include $78,000 for reputational harm, $750,000 for emotional distress, and $2 million in punitive damages. The case is unrelated to crypto, but highlights legal risks for influencers spreading unverified claims.

bitcoinist02/16 15:01

Trezor and Ledger Users Targeted by Fraudulent Physical Mail Scams

TheNewsCrypto02/16 14:16

Upbit Lists Bittensor (TAO) with KRW, BTC, and USDT Trading Pairs

South Korea's largest cryptocurrency exchange, Upbit, listed Bittensor (TAO) on February 16, 2026, offering trading pairs with KRW, BTC, and USDT. This allows South Korean traders direct access to the token of the decentralized AI network. Initial trading restrictions were in place, including limited buy orders and a 10% floor on sell orders. Following the announcement, TAO's price saw a strong upward movement, reaching $189.23, driven by local demand and increased liquidity. The listing aligns with the growing narrative of integrating AI with blockchain rewards, and community sentiment remains positive. Despite recent market volatility, retail adoption in South Korea continues to be strong.

TheNewsCrypto02/16 12:31

Blockchain Lending Platform Figure Hit By Data Breach – Details

Figure Technology, a blockchain lending platform, suffered a data breach after an employee fell victim to a social engineering attack. The breach resulted in the theft of approximately 2.5GB of customer data, including full names, home addresses, dates of birth, and phone numbers. The hacker group ShinyHunters claimed responsibility and publicly released the data after alleged failed ransom negotiations. The company confirmed that its core blockchain systems and financial services remained secure, emphasizing the incident was due to human error, not a technical flaw. Figure is offering free credit monitoring to affected customers and has launched an internal review. The exact number of impacted individuals has not been disclosed.

bitcoinist02/16 10:32

MEXC Releases February Proof of Reserve Report, BTC Coverage Rises to 267%

MEXC has released its February Proof of Reserve report, showing all major assets maintained reserve ratios above 100%. Notably, BTC coverage rose significantly from 158% in January to 267%, with wallet holdings nearly doubling to 12,003.98 BTC. Other reserves include ETH at 112%, USDT at 117%, and USDC at 124%. The exchange uses Merkle Tree technology for verification and undergoes monthly independent audits by Hacken to ensure transparency and user asset protection. MEXC reaffirms its commitment to maintaining ample reserves and publishing regular proof-of-reserve reports.

TheNewsCrypto02/16 10:16

Ray Dalio Warns ‘World Order Has Broken Down’ — Why Is He Backing Gold Over Crypto?

Billionaire investor Ray Dalio warns that the post-WWII global order has broken down, marked by rising geopolitical tensions, capital wars, and mounting debt risks. He describes the current era as one of "great power politics," where sanctions and the weaponization of money are prevalent. In this unstable environment, Dalio advocates for gold as a preferred store of value over cryptocurrencies, arguing that gold historically preserves wealth during periods of conflict and monetary debasement. He expresses skepticism about central bank digital currencies (CBDCs), citing privacy concerns and potential government overreach. While Bitcoin has been promoted as "digital gold," its recent volatility and correlation with risk assets have raised doubts about its effectiveness as a safe-haven asset during systemic crises.

ccn.com02/16 09:37

Grayscale files spot AAVE ETF – Sparks institutional shift narrative

In February 2026, Grayscale filed with the SEC to convert its Grayscale Aave Trust into a spot AAVE ETF, proposing a 2.5% sponsor fee and listing on NYSE Arca with Coinbase as custodian. This move signaled growing institutional interest in AAVE, despite uncertain approval. Concurrently, AAVE showed strong market recovery: its price rebounded over 22% to around $128, Open Interest doubled to $237M, and weekly active addresses returned to late-2024 levels. The token reclaimed its ascending support, with key resistance between $148–$180. A sustained break above could open further institutional doors, aligning AAVE closer to Ethereum and Bitcoin in market attention.

ambcrypto02/16 08:03

Changpeng Zhao Warns On-Chain Transparency Hinders Business Crypto Payments

Binance co-founder Changpeng Zhao (CZ) warns that the lack of privacy in blockchain transactions is a major barrier to the widespread adoption of cryptocurrency for business payments. He explains that on-chain transparency allows competitors and the public to access sensitive financial information, such as company revenue, employee salaries, and operational expenses. This visibility discourages businesses from using crypto for payments like payroll or vendor transactions. CZ describes privacy as "the missing link" in crypto adoption and emphasizes the need for protocol-level improvements. While some solutions, like zero-knowledge proofs, aim to enhance transaction privacy without compromising blockchain validity, regulatory challenges remain. Despite the benefits of speed and cross-border efficiency, institutional reluctance persists due to these transparency concerns. CZ concludes that without stronger privacy measures, crypto cannot fully replace traditional payment systems.

TheNewsCrypto02/16 07:08

Grayscale Files to List Aave ETF on NYSE Arca

Grayscale has filed with the SEC to convert its Aave Trust into an ETF, to be listed on NYSE Arca under the ticker "GAVE." The proposed fund would hold AAVE tokens directly and charge a 2.5% sponsor fee. This move signals continued institutional interest in altcoins and decentralized finance, despite recent market volatility. Aave is the largest decentralized lending protocol by total value locked, with over $27 billion across multiple blockchains. Grayscale joins Bitwise, which filed for a similar Aave ETF in December, in seeking regulatory approval. If approved, this would be one of the first U.S.-listed ETFs offering direct exposure to Aave, expanding access for investors preferring regulated products.

TheNewsCrypto02/16 06:27