Among the casualties are tokens tied to the AI and data economy, a sector that once buzzed with the energy of a caffeine-fueled conference. IO, GRASS, PROVE, and PROMPT-tokens with names as ambitious as their futures-were all part of the pack. They soared during the 2025 AI rally, but now they’re just ghosts in the machine, their derivatives liquidity as thin as a blockchain’s patience.
February 20, 2026. Shiba Inu (SHIB), the token that started as a meme and somehow became a financial flim-flam, is now trading around $0.091060. Yes, that’s 91 ten-thousandths of a cent. To put that in perspective, it’s the price of a single grain of rice in a world where rice is rationed and you’re wearing pants made of burlap. The market cap? A cozy $37.3 billion. That’s enough to buy a small island, assuming you don’t mind sharing it with a few thousand angry seagulls.
It is not that every stablecoin has taken to a life of crime, mind you. No, the blame lies with concentrated channels, where these tokens serve a specific, if unsavory, purpose: moving value with the stealth of a cat burglar, far from the prying eyes of traditional banking. A modern convenience, indeed, for those who prefer their finances as discreet as a whispered secret.
The daily chart, a disciplined but unforgiving mistress, tells a story as bleak as a winter in Bronte country. Bitcoin remains ensnared in a downtrend, from its lofty $97,000 high to the ignominious $59,930 swing low, followed by a sharp bounce on what one might call “heavy volume,” though one suspects it’s more a case of desperate souls clutching at straws.
This, my friends, marks the biggest monthly decline since the infamous FTX collapse, which, let’s be real, was about as subtle as a marching band in a library. And guess what? The drop is largely due to redemptions outpacing new issuances-it’s like a game of musical chairs, and everyone’s scrambling for a seat before the music stops! Plus, we have Europe’s MiCA regulations playing referee, Bitcoin taking a nosedive with a delightful 23% decline this year, and investors jumping ship to alternatives like USDC-because apparently, people love a good plot twist.
The x402 facilitator is now live on the XRPL.
AI agents can now pay for services using $XRP and $RLUSD – no API keys, no accounts, no friction.
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Behold, the mighty Consensys, that blockchain behemoth known for birthing MetaMask and coddling Ethereum, has flung its purse strings open and showered MYX Finance with a strategic funding round. Investors, ever the gullible lot, have taken this as a sign that MYX is the next golden goose, clucking its way to riches. And just in time, too, for the grand unveiling of MYX V2, which promises to make trading as smooth as a buttered slide. Naturally, the demand for MYX tokens has skyrocketed faster than a rocket with a sugar rush.
The news of 200 million tokens gracefully leaving Binance over the span of ten days has sent ripples through the cryptocurrency pond. One might wonder if these tokens have embarked on a grand adventure, seeking solace in the cozy embrace of private wallets, far from the bustling exchanges.
The Fed minutes dropped, and guess what? They’re not in the mood for rate cuts. Some regional Fed presidents are even whispering about raising rates. Because, you know, why not add a little chaos to the mix? Meanwhile, former Deputy Treasury Secretary Michael Faulkender is over here claiming deregulation, tax reform, and energy expansion will make the economy sing like a Broadway star. AI and energy development? Apparently, they’re the secret sauce to 5% growth and 1% inflation. Sure, Jan.
Gerovich, ever the wordsmith, took to X (formerly the platform of birdsong and bile) to address the anonymous whispers that Metaplanet had hidden its Bitcoin purchases, botched options trading, and kept borrowing details as secret as a Russian peasant’s diary. “It’s easy to hide behind anonymous accounts,” he penned, “to criticize others and incite outrage without taking any responsibility.” Ah, the modern lament of the accused, as old as the hills and as fresh as yesterday’s bread.