BitMine Further Acquires 15,000 ETH, Bringing Today's Total Purchase to 35,000 ETH
February 19 — Per LookOnChain monitoring, BitMine bought 15,000 ETH from FalconX 8 hours ago, valued at approximately $29.57 million.
So far today, the firm has purchased a total of 35,000 ETH, worth roughly $69.37 million.
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Russia Plans to Ban Foreign Cryptocurrency Exchanges in Summer 2026 to Boost Local Platforms
Feb. 19 (FinanceFeeds) — Russia plans to begin blocking foreign cryptocurrency exchange websites in summer 2026, aiming to direct crypto activity to local licensed platforms, cut capital outflow, and boost oversight.
The move stems from new legislation set to advance this spring, with Roskomnadzor handling technical filtering. Russian participants carry out roughly 500 billion rubles in daily crypto trades, most of which occur overseas.
Moscow Exchange Supervisory Board Chair Sergey Shvetsov noted Russian traders pay around $15 billion annually in commissions to global exchanges — a market local platforms are targeting to compete for. Experts warn fully blocking foreign platforms will be difficult and could push activity into unregulated, opaque channels.
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Coinbase to Add XRP, DOGE, ADA, and LTC to On-Chain Lending Collateral Options through Morpho
On February 19th, Coinbase announced its on-chain staking loan product (offered via Morpho) has added XRP, DOGE, ADA, and LTC as collateral options. U.S. users in compliance can borrow up to 100,000 USDC without selling their holdings. The product operates on the Base network, with the four new assets carrying a maximum loan-to-value (LTV) ratio of 49% and a liquidation threshold of 62.5%. (Source: The Block)
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Base will decouple from the Optimism ecosystem and pivot towards a self-sovereign unified tech stack
February 19th — Per The Block, Base, the Coinbase-incubated Ethereum Layer 2 network, announced it is leaving Optimism’s Superchain ecosystem. The project is shifting to a unified, independently operated tech stack, dropping its reliance on the OP Stack, Flashbots, and Paradigm.
The move aims to cut coordination overhead from multi-team code maintenance and simplify the system via optimizations built on open-source components like Reth — all while retaining Base’s “Stage 1” rollup status.
Base will support the OP Stack in the short term, but future hard forks will require migration to its new native client. Upcoming forks include Base V1 (supporting Fusaka and transitioning to TEE/ZK proofs), with subsequent versions aligning with Ethereum’s Glamsterdam upgrade.
In its blog post, the team emphasizes protocol openness and welcomes alternative client implementations.
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Hanwha Invests $13 Million in Kresus Labs to Advance Seedless Wallet and RWA Tokenization
**February 19th**
CoinDesk reports that South Korean VC firm Hanwha Investment & Securities has invested roughly $13 million in U.S. blockchain infrastructure company Kresus Labs. The funding will advance Kresus’s enterprise digital wallet technology and real-world asset (RWA) tokenization platform.
The investment stems from a memorandum of understanding (MoU) signed during December 2023’s Abu Dhabi Financial Week, which aims to expand Kresus’s on-chain financial workflows. Kresus specializes in building consumer and institutional digital asset tools—including “seedless” wallet recovery (no 12-24 word seed phrase), multi-party computation (MPC)-based secure systems, institution-grade wallet infrastructure, and a tokenization platform.
Hanwha plans to leverage this tech to enhance its digital asset services and develop tokenized traditional financial products. The move underscores ongoing institutional interest in blockchain infrastructure, even amid cryptocurrency market volati
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World Liberty Forum Opens, WLFI Rises by 18%, Eric Trump Says Crypto Still in "Starting Gate"
On February 19, WLFI—the platform token of World Liberty Financial—surged roughly 18% on the opening day of the World Liberty Forum at Mar-a-Lago.
Co-founder Eric Trump noted that despite market volatility, the crypto industry’s overall development remains at the “one-yard line” — meaning it’s still in its early stages.
Trump added that more traditional financial institutions are now offering clients exposure to crypto assets and integrating digital assets into their strategic roadmaps, a sign of shifting attitudes among mainstream capital.
Separately, financial services firm Apex Group announced plans to test World Liberty’s USD1 stablecoin in traditional fund management processes to boost settlement efficiency for tokenized assets. USD1, currently the fifth-largest USD-pegged stablecoin by market cap, has a circulating supply exceeding $5 billion.
(Source: The Block)
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