Hyperscale Data lifts its Bitcoin treasury to 589 BTC and targets $100m, using 
a strict dollar‑cost‑averaging plan as crypto remains a macro risk barometer. 
Hyperscale Data tightens its grip on Bitcoin as treasury tops 589 BTC, 
sharpening a balance‑sheet bet…

Hyperscale Data doubles down on Bitcoin as treasury hits 589 BTC

Public companies that amassed large Solana positions in 2025 have paused 
accumulation as equity markets reprice SOL-heavy balance sheets.

Solana treasuries sitting on over $1.5B in paper SOL losses

Nitro, a Monad-focused accelerator, offers up to $7.5M to execution-driven 
teams to turn already-funded crypto projects into products that actually ship. 
Nitro, a crypto accelerator built around the Monad blockchain, opened 
applications Tuesday with a promise to fix one of…

Nitro backs execution-first Monad startups with up to $500k each

What to Know: Backpack is pursuing a dual strategy: launching a native token 
while preparing for a potential future IPO to secure regulatory legitimacy. 
The industry is shifting toward infrastructure that abstracts complexity, 
moving away from manual bridging toward unified execution environments. 
LiquidChain offers a Layer 3 solution that fuses Bitcoin, Ethereum, and Solana 
liquidity, eliminating the security risks associated with wrapped assets. 
Early participation in the $LIQUID ecosystem is active, with over $533K raised 
as investors target interoperability solutions. The crypto exchange landscape 
is shifting. We&#8217;re moving from the &#8216;move fast and break things&#8217; era to a race 
for regulatory permanence. Backpack, the Solana-based wallet and exchange 
ecosystem founded by Armani Ferrante, is reportedly structuring its roadmap to 
include a native token launch alongside long-term plans for a public listing 
(IPO). That strategy mirrors industry giants like Coinbase, though with a 
twist: keeping the agility of a Web3-native community. Exchange tokens are 
regaining momentum, shifting from mere discount coupons to genuine utility 
plays. By aiming for an IPO, Backpack signals to institutional capital that it 
plans to play by strict compliance rules while using a native asset to 
bootstrap liquidity. Why does that matter? It bridges the gap between chaotic 
DeFi innovation and the rigid structure of traditional finance. But let&#8217;s be 
real, execution is the hard part. Navigating SEC scrutiny while issuing a 
token has historically been a regulatory minefield for US-connected entities. 
While centralized venues like Backpack polish the front end, a deeper 
structural issue remains: liquidity fragmentation. Users can hold assets on a 
sleek interface, but moving value between Bitcoin, Ethereum, and Solana is 
still a friction-heavy process fraught with bridge risks. As exchanges fix the 
UI, new infrastructure protocols are unifying the back end. That&#8217;s exactly 
where LiquidChain ($LIQUID), a Layer 3 (L3) infrastructure provider, steps in 
to fill the gap. LiquidChain Unifies Fragmented Ecosystems Through Layer 3 
Architecture Cross-chain interaction is currently a mess of inefficiency. 
Moving capital from Ethereum to Solana usually involves wrapping assets, 
navigating third-party bridges, and eating slippage costs across multiple 
pools. That complexity isn&#8217;t just annoying; it&#8217;s a security vector (remember 
the billions lost in bridge hacks previously?). LiquidChain addresses this by 
deploying a Layer 3 protocol built specifically as a cross-chain liquidity 
layer. LiquidChain’s architecture functions as a single execution environment 
fusing liquidity from Bitcoin, Ethereum, and Solana. Instead of relying on 
vulnerable wrapping mechanisms, the protocol uses a Verifiable Settlement 
system allowing for single-step execution. For developers, the value prop is 
the &#8216;Deploy-Once&#8217; architecture. A dApp built on the LiquidChain L3 can access 
users and capital from all connected chains instantly, no need to maintain 
separate smart contracts for each ecosystem. This tech suggests a massive 
shift in how value moves on-chain. By abstracting the complexity of cross- 
chain hops, the protocol positions itself as transaction fuel for the next 
generation of DeFi apps. The goal? Pure capital efficiency. Assets should flow 
where yields are highest without the friction of traditional bridging. EXPLORE 
THE UNIFIED LIQUIDITY LAYER WITH LIQUIDCHAIN Early Capital Flows Toward 
Interoperability Infrastructure Smart money is rotating into infrastructure 
plays that solve the &#8216;usability vs. security&#8217; dilemma. While the broader 
market chases memecoins and consumer apps, the foundational layer required to 
make those apps work seamlessly is seeing consistent inflows. LiquidChain is 
capitalizing on this trend during its presale phase, offering a window into 
infrastructure investing before the public listing. So far, $LIQUID has raised 
over $533K. That figure indicates steady accumulation from early adopters who 
see the necessity of cross-chain VMs. With tokens currently priced at $0.0136, 
the valuation reflects an early-stage entry point compared to fully diluted 
Layer 2 or Layer 3 networks. Plus, the tokenomics model supports this growth 
by incentivizing liquidity staking, rewarding users who provide the essential 
capital fueling the cross-chain execution environment. $LIQUID could be one of 
the best altcoins to buy if you&#8217;re thinking about liquidity and ease of use. 
The market context backs this trajectory. As major ecosystems like Solana and 
Ethereum grow further apart technically, the premium on &#8216;glue&#8217; protocols, 
middleware connecting these islands, rises. LiquidChain’s ability to merge 
these liquidity pools into a single interface offers a hedge against ecosystem 
maximalism. It&#8217;s a bet on a future where users interact with apps, not chains. 
GET YOUR $LIQUID FROM ITS OFFICIAL PRESALE PAGE The information provided here 
is for educational purposes only and does not constitute financial advice; 
crypto markets are volatile, and readers should conduct their own due 
diligence before investing.

Backpack Launches Native Token with IPO Ambitions; LiquidChain Positions for Scalable Growth

XRP is flashing a familiar on-chain stress pattern after slipping below its 
aggregate holder cost basis, a move Glassnode says has historically coincided 
with capitulation, loss realization, and a slow grind toward stabilization 
rather than an immediate rebound. In a Feb. 9 post on X, the on-chain 
analytics firm said XRP “lost its aggregate holder cost basis, triggering 
panic selling,” pointing to a sharp deterioration in spent output 
profitability. Glassnode flagged its Spent Output Profit Ratio (SOPR) on a 
7-day EMA basis falling from 1.16 in July 2025 to 0.96 “now,” adding that 
“holders are realizing significant losses” and that “on-chain profitability 
flipped negative.” SOPR prints below 1 are typically read as the market 
spending coins at a loss on aggregate, a regime that can persist when sellers 
are forced to exit and bids are primarily coming from buyers with longer 
horizons. In Glassnode’s framing, that’s what makes the current setup rhyme 
with a prior XRP cycle: “This setup closely resembles the Sep 2021–May 2022 
phase, where SOPR plunged to a &lt;1 range for prolonged consolidation before 
stabilization.” Related Reading: XRP Ledger Clears The Threshold For 
Institutional Settlement – Here’s How The Feb. 9 warning isn’t an isolated 
call. On Feb. 1, Glassnode wrote that “The XRP Realized Price is trading at 
$1.48,” adding that “The current market structure is very similar to that of 
April 2022.” Weeks earlier, on Jan. 19, the firm again pointed to a 2022 echo, 
saying XRP’s structure “closely resembles that of February 2022,” and 
describing a cohort tension where newer buyers are accumulating below the cost 
basis of longer-held supply. Glassnode’s Jan. 19 post also emphasized the 
behavioral side of that structure: as the pattern persists, “psychological 
pressure on top buyers continues to build over time.” XRP Capitulation Or 
Breakdown Next? Some market participants treated the sub-1 SOPR regime less as 
a red flag and more as a process of transferring supply from weaker hands to 
stronger ones. One reply, from the account @investorie, framed it explicitly 
as a bottom-building signal: Related Reading: XRP Bounces Hard After 
Capitulation — Relief Rally Or Another Bull Trap? “This is a classic 
capitulation signal, not a structural failure. SOPR below 1 means weak hands 
are exiting at a loss. That pressure gets absorbed, and historically it’s how 
durable bases form, not how long-term trends end.” Another respondent, 
0xsimba, drew a parallel to Bitcoin’s forced-selling episodes while echoing 
Glassnode’s historical comparison: “When SOPR drops below 1 for extended 
period, pain transferring from weak to strong hands. Sep 2021–May 2022 
precedent, Prolonged consolidation then recovery. Setup is forming. Signal 
needs confirmation.” If Glassnode’s comparison holds, the near-term takeaway 
is less about a single inflection point and more about whether XRP remains 
trapped in a loss-realization regime long enough to exhaust marginal sellers, 
setting the stage for stabilization only after profitability metrics stop 
deteriorating and SOPR can reclaim, and hold, the break-even line. At press 
time, XRP traded at $1.4225. Featured image created with DALL.E, chart from 
TradingView.com

Cryptocurrency price in BHD