Crypto weekly is authored by maaria bajwa and david blumenfeld

PRICE CHANGE: WTD/YTD
- Crypto Market Cap ($3.05T): -8% / 0%
- BTC ($87,705): -8% / 0%
- ETH ($2,867): -14% / -3%
- SOL ($123): -13% / -1%
- UNI ($4.62): -14% / -18%
- OP ($0.29): -15% / +9%
- COIN ($217): -10% / -4%
- Tether Mkt Cap ($187B): 0% / 0%
- USDC Mkt Cap ($72B): -5% / -5%
- BTC / ETH Dominance: 58% / 11%

THIS WEEK IN CRYPTO
- F/m Investments, the firm behind a $6.3 billion US Treasury 3-Month Bill ETF, asked US regulators for permission to record existing shares on a blockchain. Link.

- An estimated $17 billion was stolen in cryptocurrency scams and fraud in 2025. Link.

- Coinbase split with Andreessen Horowitz and the crypto industry on a key bill, the Clarity Act, over concerns about stablecoin yield payments, raising the possibility of a wider schism within the industry as the bill moves forward. Link.

- The US crypto market structure bill faces several weeks of delay as the Senate Banking Committee shifts its focus to addressing housing costs. Link.

- Ethereum’s transaction count reached fresh all-time highs, driven largely by stablecoin activity which accounted for roughly 35% to 40% of transactions. Link.

- USDC issuer Circles likened annual stablecoin payouts on crypto platforms to traditional loyalty and reward programs found in other industries. Link.

- The Senate Agriculture Committee's sweeping cryptocurrency market structure bill faces amendments, including banning lawmakers from transacting in certain digital assets and delaying the implementation of the bill until at least four CFTC commissioners were appointed. Link.

- The SEC is dismissing its 2023 lawsuit against crypto exchange Gemini over its crypto lending platform. Link.

- The SEC and CFTC are presenting a coordinated crypto strategy under Trump. Link.

- Chinese-backed criminal networks have stolen a record $17 billion in crypto scams, including through mass text messages and EZ-Pass phishing. Link.

- Crypto hardware startup Ledger is exploring a potential U.S. IPO that could value the company at over $4 billion. Link. Link.

- Japan is expected to approve its first crypto ETFs as early as 2028. Link.

- Decentralized social protocol Farcaster plans to repay its $180 million in venture capital funding after being acquired by crypto infra provider Neynar. Link.Link.

- Gemini's Nifty Gateway, an early NFT marketplace, is shutting down on February 26 amid a prolonged downturn in the NFT market. Link.

- Former FTX executive Caroline Ellison was released from federal custody after serving about 14 months in prison for her involvement in the multibillion-dollar FTX fraud scandal. Link. Link.

- Ethereum set a new record of 2.8 million daily transactions, with 40% of all activity being driven by stablecoins. Link.

- The Ethereum Foundation formed a dedicated post-quantum security team, led by cryptographic engineer Thomas Coratger, with a $1 million research prize to harden a key hash function. Link.

- Dogecoin ETFs have reached around $200 million of AUM. Link.

- The Optimism DAO is voting on a proposal to use 50% of the network's revenue to buy back its OP governance token. Link.

- Crypto fell significantly on the back of global tariff turmoil and the stalling of key crypto legislation, the CLARITY Act. Link.

- Bitcoin saw a sharp drop in prices amid global geopolitical tensions, leading to a move away from risk assets and into safe havens like gold. Link.

- Bitcoin ETFs saw a $700 million outflow as the crypto market struggled to rebound. Link.

- Crypto custodian BitGo IPO'd and saw a modest first-day trading pop in 2026. Link.