The Hyperliquid Policy Center (HPC), a newly minted research and advocacy outfit, stages its entrance in Washington, D.C., on February 18, 2026. At the helm is Chief Executive Officer Jake Chervinsky, and the organization sets out to teach American lawmakers the arcane arts of decentralized finance (DeFi) and the stubborn machinery of perpetual derivatives, the stuff of future tall tales told in committee rooms.
Behold, the Ethereum Foundation, that venerable assembly of digital mystics, has unveiled its Protocol Priorities for 2026-a grand spectacle of code, ambition, and perhaps a dash of madness. Their vision? To reshape the network’s very soul, as if it were a mere clay to be molded by the whims of developers and the fickle fingers of the market.
Enter the oracle known as CryptoQuant, offering us a glimpse into the cryptic world of Ethereum’s derivatives. We learn that the Estimated Leverage Ratio on Binance has taken a nosedive to a mere 0.557-its lowest since last December. This decline follows a raucous period of leverage that peaked at a rambunctious 0.675, evoking images of traders tossing caution to the wind like confetti at a wedding.
This charade intensifies the positioning within a “key demand zone,” a phrase so laden with bureaucratic optimism it could only be concocted by those who have never felt the cold embrace of a bear market. One wallet, in a fit of prudence, reduces the exchange supply, while the other, with the stubbornness of a party loyalist, increases leveraged exposure despite drowning in over $1M of unrealized losses. Such is the nature of man: to double down on his mistakes with the fervor of a true believer.
For the first time ever, Ethereum’s proof-of-stake (PoS) contract is holding more than half of the total ETH supply. According to Santiment, over 80.95 million ETH (50.18% of the supply) is locked in staking! Holders are committing to securing the network like I commit to avoiding eye contact with my neighbors.
In a recent Q&A, Mr. Armstrong declared, with all the solemnity of a man defending his sister’s character at a country ball, that Coinbase is “a classic innovator’s dilemma.” By which he meant, in the most polite terms, that traditional financiers, much like the horse-drawn carriage guild, view crypto as a menace to their venerable trade. He compared their resistance to the Luddites’ disdain for spinning jennies-or, as he put it more colourfully, to taxi magnates who once cursed the very notion of hailing a ride via a glowing rectangle.
Analysts are split: some say this is the “market bottom” (because obviously, the bottom is a place you can just walk into), while others are like, “Nope, this is just the warm-up act for the real drama.”
Let’s peer into the crystal ball of technical analysis, shall we? The crypto market capitalization charts have been busily scribbling a love letter to altcoins, those plucky underdogs of the digital asset world. While Bitcoin, Ethereum, XRP, and Solana have been nursing their bruised egos through a bout of price weakness, their smaller cousins have been quietly hogging the spotlight. Not with fireworks, mind you-just the quiet confidence of a butler who knows where the bodies are buried.
In a recent X post by Logan, the spotlight gleamed anew on digital asset products, a development that followed regulatory disclosures as closely as a penguin follows a fish. Though the chatter didn’t directly mention HBAR, it contributed to the market’s general fascination with infrastructure-oriented networks, as if investors were all attending a garden party where the host insists on discussing drainage systems.
SUI price is trading near key resistance levels as Grayscale prepares to launch its Sui Staking ETF under the ticker GSUI. It’s like a high-stakes game of Jenga, but with crypto and no safety net.