Ether (ETH) is currently exhibiting a bearish trend, as indicated by a bear pennant formation on its daily chart. According to Cointelegraph, this technical setup, coupled with decreasing network activity, suggests a continuation of ETH's downward trajectory, potentially driving the altcoin's price down to $1,100. A bear pennant is a bearish pattern that emerges when the price consolidates within an upward-sloping triangle following a significant price drop. The pattern is expected to resolve if the price falls below the lower trend line at $1,950, which could lead to a further decline matching the previous downtrend's height, targeting $1,100, a 43% decrease from the current price. Crypto analyst Crypto Patel has noted that maintaining the $1,800 support level is crucial to invalidating the pennant. Meanwhile, Ethereum's declining network activity is adding to the downward pressure on Ether's price. The daily transaction count on Ethereum dropped to 1.95 million on Wednesday, a 33% decrease from 2.9 million on February 5. A similar decline in transaction count was observed in January 2024, which coincided with a 30% drop in Ether's price. The total value locked (TVL) in Ethereum's smart contracts has also decreased, falling to $54.5 billion from $70 billion at the start of the month, marking a 22% reduction in just over two weeks. Additional negative indicators include a 26% decrease in deposits on the Uniswap decentralized exchange (DEX) and a 35% drop on platforms like Ether.fi and EigenLayer. The daily trading volume on Ethereum-based DEXs has also seen a significant decline, dropping to $1.5 billion from $3.72 billion during the same period. Furthermore, global Ethereum investment products experienced net outflows totaling $85.1 million between February 9 and February 13, contributing to the ongoing price downtrend.

The NFT market, which experienced unprecedented growth and excitement during the booming years of 2021, has now contracted and returned to levels reminiscent of pre-2021, as the initial hype and speculation surrounding non-fungible tokens begin to wane. This shift signals a transition where the speculative fervor that once drove prices to extraordinary heights has been replaced by a more measured and pragmatic approach to the digital asset space. As reality sets in for investors and collectors alike, it's important to examine what the future holds for the NFT landscape and how it might evolve in the coming months and years. Here is an in-depth look at the potential developments and trends that could shape the next chapter in the world of NFTs. source: https://blocknews.com/nft-market-slips-back-to-pre-2021-levels-as-speculation-fades-and-reality-sets-in-here-is-what-comes/

Bank of America 13F filing, BMNR (Bitmine Immersion) stock, Ethereum treasury losses: data shows a 1,668% stake jump to 3,162,085 shares shaping positioning. source: https://coincu.com/news/bitmine-immersion-moves-as-boa-13f-stake-jumps-1668/

أطلقت الذراع الرقمية للمجموعة المصرفية الفرنسية عملتها المستقرة باليورو EUR CoinVertible على شبكة بلوكتشين عامة ثالثة، إلى جانب Ethereum وSolana. source: https://ar.cointelegraph.com/news/societe-generale-forge-expands-euro-stablecoin-to-xrp-ledger-in-multi-chain-push?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

null source: https://x.com/decryptmedia/status/2024216995156078738

Ethereum layer-2 network Base is leaving behind the Optimism technology stack as it seeks faster upgrades and reduced overhead. source: https://decrypt.co/358469/coinbase-ethereum-network-base-dump-optimism-tech-potential-token

null source: https://x.com/cointelegraph/status/2024216173429096881

null source: https://x.com/reutersbiz/status/2024216167208845332

The company behind 7-Eleven is aiming to use Australia as a testing ground for its global growth ambitions. Bloomberg posted on X, the firm plans to replicate the successful convenience-store model that has thrived in Japan. This strategy involves adapting the Japanese approach to convenience stores, which has been a significant factor in the brand's domestic success, to the Australian market. The company believes that Australia offers a unique opportunity to refine and expand its operations internationally, leveraging the lessons learned from its Japanese stores. The move is part of a broader effort to enhance the brand's presence and performance on a global scale.

Crypto Rover posted on X that the Vatican has officially declined U.S. President Donald Trump's invitation to join the Board of Peace. The decision marks a significant diplomatic stance by the Vatican, as it chooses not to participate in the initiative proposed by the U.S. administration. The reasons behind the Vatican's decision have not been disclosed, leaving room for speculation about the implications for international relations and peace efforts. This development comes amid ongoing discussions about global peace and cooperation.

In 2026, with the improvement of the compliance system, the deepening of pilot scenarios, and breakthroughs in technological innovation, the Web3 industry will usher in a "high-quality development period," no longer pursuing "conceptual hype" but focusing on "practical value."

In the final quarter before Warren Buffett stepped down as CEO, Berkshire Hathaway continued to adjust its holdings in tech giants, reducing its holdings in several major stocks while making its first investment in traditional media outlet The New York Times.

Retail investors, BTC, crypto market, the scythe of Bitcoin's leader - a true account of a Nasdaq robbery. Golden Finance: From a 23x premium to zero, how were retail investors legally wiped out?

Quantum computing, quantum technology, gold, crypto market, cryptocurrency returns from its pedestal to reality. Golden Finance: Cryptocurrency is gradually losing out to gold in terms of narrative appeal.

A little over a year ago, becoming a digital asset vault seemed like an easy decision for many companies looking to boost their stock prices.

The pace of AI progress is astonishing, far exceeding most people's imagination, and may change society in a more profound way than the pandemic.

On platforms like Polymarket, most people (including myself in the past) typically price parlays by simply multiplying the probabilities of each event together.

On February 18, 2026, Polymarket announced that starting that day, the platform would pilot a market order fee in the sports market. The first wave of events covered were NCAA basketball and Italian Serie A leagues, with plans to gradually expand to all sports events in the future.

Happy Lunar New Year of the Year of the Horse! Wishing everyone: May you gallop forward with boundless success, and enjoy good health and steady wealth!

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse 8 AM," issue 2971, providing you with the latest and fastest news on the digital currency and blockchain industry.