Crypto
crypto
Sage D. Young

Chainlink outperforms as the protocol’s total value secured reaches a new record of $93 billion

chainlink’s total value secured, a metric tracking the adoption of the oracle network by measuring how much financial value is secured by the protocol, such as on-chain borrows in the DeFi ecosystem, surpassed $93 billion for the first time. 

The protocol’s native token has increased 8.6% in the last 24 hours and 45.2% in the past seven days, making it one of the top gainers, data from CoinGecko shows. Its 24-hour trading volume stands at nearly $1.9 billion, a figure substantially higher than last Monday, when it sat under $600 million. 

The new record comes less than one week after the introduction of the Chainlink Reserve, which is “designed to support the long-term growth and sustainability of the Chainlink Network by accumulating LINK tokens using offchain revenue from large enterprises that are adopting the Chainlink standard and from onchain service usage,” a blog post stated.  The reserve currently holds $1.5 million worth of the cryptocurrency.

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crypto
Sage D. Young

Ethereum struggles to hold market gains

After rallying from $1,830 to above $2,100 on Wednesday, ethereum struggled to hold on to its gains and dipped under $2,000, a round psychological price level, on Thursday. 

The seesaw price action helped liquidate $146 million worth of leveraged long and short positions on ethereum in the last 24 hours, data from CoinGlass shows.  

While ethereum was due for a relief rally after entering into oversold conditions as measured by its relative strength index, some are still maintaining a bearish sentiment, according to Delphi Digital analyst Simon Shockey.

With ethereum now trading under $2,000, Shockey called the rally “unconvincing.” He told Sherwood News that he doesn’t “think most crypto natives are compelled to really believe the lows are in,” adding that he could see ethereum fall further from here and make new lows in the second half of the year. 

The price action comes as cofounder Vitalik Buterin has sold $35 million worth of ethereum tokens since the start of February and the paper loss for the largest ethereum treasury firm, BitMine Immersion Technologies, has climbed to nearly $7.9 billion. 

On the positive side, ethereum developers introduced a new road map that involves seven hard fork upgrades by 2029 and several north stars, one of which aims to make ethereum a “post quantum” layer 1 network.

Yaël Bizouati-Kennedy
18h
Bitcoin’s brief bounce doesn’t signal the bottom, analysts warn

With only two days to go in February, the asset is on track to notch its fifth straight month of losses.

Bitcoin ice carving
Yaël Bizouati-Kennedy
2/25/26
Bitcoin gets a positive bounce following State of the Union

“This has been a silver lining, given the tumultuous time crypto markets have had over the past months and weeks, but it does not call for celebration just yet,” one expert warned.

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crypto
Sage D. Young

Crypto industry sees relief bounce in midst of winter

Crypto assets and crypto-adjacent companies are catching a bid and rebounding off recent lows, with stablecoin issuer Circle soaring after reporting strong earnings before the bell. The company beat on revenue and reported that USDC in circulation has grown to $75.3 billion, up 72% year over year.

The total market capitalization of all cryptocurrencies has increased 4.5% in the last 24 hours, and both tokens and companies close to crypto are enjoying a boost:

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Despite the relief bounce, some are still uneasy. “The whole market still seems very heavy to me,” Glenn Rosenberg, managing partner at Persistent Trading, told Sherwood News. “Jokingly, BTC feels like it’s now 100% correlated to any asset or news that’s negative! I think we test 60,000 — that’s a big long-term channel and could push lower from there,” he said. “The whole [space] looks risky right now.”

Sage D. Young
2/24/26
Ethereum nears key levels as macro repricing weighs on crypto industry

Around $315.6 million worth of leveraged long positions would be liquidated on Hyperliquid if the price of ethereum dropped to $1,350.

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