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Saudi company Humain invests $3 billion in xAI company

2 hours ago

February 18 Saudi-backed AI firm Humain has invested $3 billion in Elon Musk’s AI startup xAI, taking a key minority stake in the company. The investment came shortly before Musk’s aerospace firm SpaceX acquired xAI—with Humain’s stake set to convert into SpaceX shares. Founded last year to turn Saudi Arabia into an AI powerhouse, Humain and SpaceX plan to build a 500-megawatt data center in the kingdom. Source: Jinse
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Bank of America discloses holding 3,162,085 BMNR shares in Q4 2025, with a holding increase of 1668%.

On February 18, TheStreet reported that U.S. Bank’s 13F filing with the SEC revealed the lender held 3,162,085 shares of Bitmine (BMNR) stock in Q4 2025, with the position valued at roughly $85.8 million. That marks a massive 1,668% surge in its BMNR stake, up from just 178,808 shares held in the prior period.

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US Stock Market Opens with Crypto-related Stocks Seeing a Widespread Decline, GEMI Falls by 3.26%

February 18th — Bitget market data indicates that as U.S. stock markets opened, the Dow Jones Industrial Average rose 0.16%, the S&P 500 gained 0.28%, and the Nasdaq Composite climbed 0.23%. Crypto-related stocks were broadly lower, with: - GEMI down 3.26% - MSTR down 1.5% - HOOD down 1.33% - BMNR down 1.09%

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Glassnode: Market Profit Taking is Cooling Off, But Has Not Yet Entered Panic Selling Territory

On February 18th, Glassnode took to social media to note: “BTC’s Realized Cap HODL Waves and the 30-day moving average (MA) of its MVRV Ratio have dropped significantly, absorbing most of the prior profit-taking. However, the metric still sits above historical capitulation levels. This signals that market profit-taking is cooling but hasn’t yet entered a widespread capitulation sell-off phase.”

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Spot Silver Rises to $77 Per Ounce, Up 4.75% on the Day

On February 18, Bitget data shows spot silver hit $77 an ounce, with a 4.75% intraday gain.

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Analysis: Shitcoin Volume Drops by 50%, Funds Flow Back into Bitcoin

**CryptoQuant Analyst: Bitcoin Consolidates as Altcoin Volume Slides** On February 18, CryptoQuant analyst Darkfost stated: “After a sharp correction, Bitcoin is now consolidating between $65,000 and $72,000. This range includes a large number of whales, long-term holders, and even institutional investors. During deep retracements or late bear market phases, investors typically rotate funds back to Bitcoin while cutting altcoin allocations.” Altcoin trading volume has been hit hardest in this correction. On Binance, altcoins’ share of total trading volume dropped to 33.6% by February 13—down from a November peak of 59.2%, with trading activity nearly halved. This pattern has repeated in prior correction phases, including around April 2025, August 2024, and late October 2022 (near the end of the bear market). When market uncertainty rises and pressure mounts, Bitcoin’s trading volume dominance tends to climb. In this environment, investors naturally gravitate toward BTC, furthe

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US Crypto Investors Concerned Over New IRS Tax Rule Triggering Penalties

Feb. 18 (CoinDesk) — A survey from crypto tax platform Awaken Tax finds over 50% of U.S. crypto investors are worried about facing IRS penalties this year. New regulations require brokers like Coinbase to report all digital asset transactions to the IRS via Form 1099-DA for 2025, aimed at combating tax evasion. For the first time, the IRS will access exchange internal data and cross-reference it with taxpayer filings. Awaken Tax founder Andrew Duca noted the rule treats crypto assets like stocks, but real-world use is far more complex: Users often transfer assets across multiple wallets, interact with DeFi, and brokers only report sale proceeds (not cost basis), leaving submitted forms incomplete. Taxpayers must supplement cost information using Form 8949. Currently, the crypto tax compliance rate is under 20%.

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