Category: crypto
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Polymarket under fire as ZachXBT insider probe fuels bets
Polymarket’s insider probe on ZachXBT has led to a 44% spike in Meteora’s odds within 24 hours, surpassing Pump.fun and Axiom. The market asks traders to predict which crypto company will be exposed for insider trading. The rapid price movement has raised concerns about informed trading, although not yet proven.
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UNI jumps 12% as Uniswap eyes $27M L2 fee rollout
Uniswap governance token holders will vote on expanding fee sharing to eight additional Layer 2 blockchain networks from Feb 27–Mar 1. Proposal routes fees from these networks to TokenJars before bridging back to Ethereum for UNI burns. Uniswap has burned over $5.5m in UNI since late 2025, with a $3.1m gross profit in Q1 2026.
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ICP jumps 9% as 24h volume spikes 93% on burn plans
ICP token trades near a mid-February supply zone after bouncing from a 7-day low, priced around the mid-$2 range with intraday volatility. Daily RSI and MACD suggest bullish momentum, but ICP is below its 50D and 100D SMAs. DFINITY’s proposal sends 80% of cloud engine revenue to node providers and burns 20% of ICP.
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NIGHT, PIPPIN chase $1b caps amid mainnet, AI-agent hype risks
Two cryptocurrency projects, NIGHT and PIPPIN, are aiming to reach $1 billion market capitalizations by mid-2026. NIGHT, a privacy token on Cardano, is approaching this milestone with its Kūkolu mainnet launch in late March. PIPPIN, an AI-agent meme coin on SOL, has seen significant gains but faces risks from insider concentration and speculative trading.
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Bybit expands stablecoin yield and fixed-income products
Bybit is focusing on stablecoin yield and fixed-income products amid the Crypto Fear and Greed Index’s decline. They aim to provide users with stable income opportunities during market volatility. They believe the current market behavior indicates a shift towards protecting capital and generating sustainable yield. Bybit plans to offer up to $10 million in fixed-income…
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Gate.com secures Malta PSD2 license to scale EU crypto payments
Gate Technology Ltd, based in Malta, has obtained an MFSA PSD2 license, allowing it to expand payment and stablecoin services across the EU. This adds to their MiCA license for exchange and custody. Gate Technology Ltd is one of the few crypto-native firms to have this approval in Europe, with over 30-36 million registered users.
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Circle paid $461 million in distribution costs from $733 million reserve income in Q4
Circle sent 63% of Q4 USDC reserve income to distributors, compressing margins. The stablecoin issuer generated $733.4 million in Q4 reserve income, with USDC circulation reaching $75.3 billion. Distribution costs rose 52% YoY, with average USDC outstanding doubling. Circle’s net reserve margin settled at 37% in Q4.
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ZachXBT accuses Axiom employees of insider trading
An investigation revealed that employees at Axiom Exchange misused internal tools to access private user data for insider trading. The report implicated senior business development employee Broox Bauer in tracking private wallets and coordinating memecoin activity. Unusual betting on Polymarket raised suspicions of information leaks and market manipulation. Axiom responded by removing access to the…
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BlockFills CEO steps down as $75M loss triggers sale talks and withdrawal freeze
BlockFills co-founder and CEO Nicholas Hammer steps down, Joseph Perry is interim CEO. The company faces $75 million loss and halts deposits and withdrawals due to market stress. Seeking sale or partnership, management seeks buyer to stabilize operations. Uncertain future in ongoing crypto bear market.
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MrBeast editor hit with $20K fine, 2-year ban on Kalshi
A YouTube star’s editor was fined over $20,000 and suspended from trading on the Kalshi platform for two years due to insider trading related to the creator’s event contracts. Kalshi’s disciplinary committee found the editor violated rules and failed to cooperate with the investigation. Beast Industries is conducting its own inquiry.
