Ethereum faces a decline to $1,100. Payoneer adds stablecoin transactions. The largest miner sold off its entire Bitcoin reserves. Fraudsters have come up with a new scheme for stealing crypto through arbitrage
A "bearish pennant" has appeared on the ETH chart: the price may fall to $1,100
As a result of technical analysis, traders have discovered a "bearish pennant" pattern on the Ethereum chart. Usually, such a pattern indicates a continued decline in the exchange rate. The potential target is $1,100.
The signal will be considered confirmed if the price falls below the $1,950 mark with high trading volumes. In this case, the decline could be approximately 43% of the current price. According to analysts, the negative scenario could be reversed if the price remains above the support level of $1,800.
There are a few factors putting pressure on the market:
- Decrease in network activity. According to Etherscan, on February 18, 2026, the network recorded 1.95 million transactions, which is 33% less than two weeks earlier. A similar trend in January 2024 was accompanied by a price drop of about 30%.
- Decrease in the amount of funds in DeFi. Since the beginning of February, the total amount of money locked in Ethereum-based applications has decreased by 22%. At the same time, trading volumes on decentralized exchanges, including Uniswap, are falling.
- Capital outflow from Ethereum ETFs. Funds have been withdrawn over the past four weeks.
As of Monday, February 23, the price of Ethereum is $1,880.
Payoneer to launch stablecoin operations
Payoneer has announced the launch of a new feature for working with stablecoins, which will be integrated into the company's main platform.
The new tool will allow businesses to receive, store, and send stablecoins as part of international settlements. Payoneer notes that for many companies, especially in emerging markets, the adoption of stablecoins remains challenging due to the technical characteristics of blockchain infrastructure, conversion to local currencies, and volatile regulations. The integration of a full cycle of operations into a single platform should simplify these processes.
The functionality is expected to be available in selected markets in the second quarter of 2026. The company plans to gradually expand the geography of the launch and add new features to the solution in the future.
The largest mining company sold all of its Bitcoin reserves for $64 million
The mining company Bitdeer sold 943.1 BTC for approximately $64 million. As of February 23, 2026, the company had no coins left on its balance sheet except for customer deposits.
Despite an increase in hash rate (computing power) to 63.2 EH/s and its status as the largest public miner, the company decided to sell off its entire reserves amid declining revenues in the industry. Since October 2025, profits have fallen from $1.59 billion to $1.12 billion per month.
Analysts note an increase in the inflow of Bitcoins to exchanges from large holders. In February, the average daily figure reached 1.58 BTC, which is the highest since June 2022.
As of February 23, 2026, the price of Bitcoin is at $65,811. Matt Hougan, investment director at Bitwise, said that the fall of the first cryptocurrency to $60,000 in early February was not the bottom of the current cycle. According to him, the market may experience one or two more strong corrections.
85% of new cryptocurrencies are trading below their listing price
Almost 85% of tokens that entered the market in 2025 fell below their initial value and brought losses to investors.
According to DeFi experts, most token sales were unsuccessful: many projects barely break even, while some show a rapid decline. Previously, it was believed that if there was a well-known venture fund among investors, a crypto project would be successful, but this model is no longer relevant.
In the second quarter of 2022, the volume of investments in crypto startups reached almost $17 billion. For comparison, between October and December 2025, funding fell to 12% of its peak level.
Analysts emphasize that the traditional model of "attracting an investment round, issuing a cryptocurrency, and selling it to a retail audience" is gradually losing its effectiveness. At the same time, there is a positive trend: while the influence of venture capital is growing, interest in projects with an active user base and stable income is increasing. This may contribute to more transparent and balanced launches in the future.
Fraudsters disguise Bitcoin theft as an "arbitrage scheme"
Hackers promise users large profits in Bitcoin from an allegedly discovered “arbitrage vulnerability” on the international aggregator platform Swapzone. Potential victims are offered instructions that allow them to earn up to $13,000 in a few days. In reality, hackers substitute crypto addresses and steal money.
To spread the links, the attackers publish comments on the Pastebin service with detailed instructions. To "earn" money, you need to go to the Swapzone website, copy a special code, and paste it into the browser bar using the JavaScript command.
After that, a malicious script is launched in the current tab, which is embedded in the service interface and automatically replaces the real Bitcoin deposit address with a fraudulent one. Moreover, it adjusts the displayed rates and amounts, creating the appearance of a profitable deal.
The user sees the familiar interface of a legitimate platform, but sends funds to the attackers' wallet.
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