Backpack Exchange has introduced a model allowing users to exchange their 
platform tokens for a collective 20% stake in the company’s equity. Backpack 
CEO Armani Ferrante announced the initiative on February 23, 2026, as the 
exchange prepares for a potential initial public offering (IPO) in the United 
States. Under the new program, users who stake […]

Backpack Pledges 20% Equity to Token Stakers Amid IPO Expansion Plans

In six months, the Bitcoin price has crashed by around 50%, dropping below 
$64,000 at the start of this month. Naturally, this has triggered a cascading 
event, with devastating effects on the rest of the market, and questions about 
what could be driving the decline. With no notable event driving the crash, as 
was seen in 2022 with the crash of the FTX crypto exchange, the simple answer 
has pointed to one thing: large investors are selling. Corporate Holders Are 
Getting Out Of Bitcoin In an X post, Coin Bureau highlighted an interesting 
trend among corporate Bitcoin holders that could explain the sustained decline 
the digital asset has suffered in recent times. According to the chart shared 
on the post, these large corporate holders have been dumping their holdings. 
Related Reading: Ready For A 443% Dogecoin Move? The Meme Coin Just Touched A 
Historically Explosive Level For the better part of 2025, there had been a 
clear trend of accumulation among corporate buyers. Sometimes, the buying 
trend would be sustained for weeks before a sell-off trend would be recorded. 
However, this is quickly changing as the last few weeks have been dominated by 
dumping. The post showed that in the last three weeks, there has been no 
buying done. Rather, corporate investors have been dumping BTC on the market. 
For context, the longest selling streak among these large investors recorded 
in history was two weeks before buying began again. However, at the time of 
writing, only outflows have dominated the treasuries of these companies, 
marking a new record since companies began buying Bitcoin in 2020. Given this, 
it is possible that the accumulation trend that drove Bitcoin to new all-time 
highs in 2025 may have ended. Data from CoinShares also corroborates this 
sell-off trend. In its Digital Asset Fund Flows Weekly Report, it shows that 
in just the last week alone, Bitcoin lost $215.3 million to outflows from 
digital asset funds, thereby leading the sell-offs. Related Reading: Analyst 
Predicts The Ethereum Price Bottom With A Marked Path To $15,000 In the same 
vein, Ethereum suffered outflows of 36.5 million, and multi-asset funds saw 
$32.5 million in outflows. Interestingly, though, the likes of XRP and Solana 
continue to see inflows, despite their poor performance in the market. Given 
this trend, it shows that corporate investors are looking to altcoins for 
likely higher profit margins compared to Bitcoin. As supply continues to pile 
up in the market, it is likely that the Bitcoin price will continue to fall 
until buying picks up once again. Featured image from Dall.E, chart from 
TradingView.com

Here’s What’s Driving The Bitcoin Price Crash Toward $60,0000

Digital asset manager Grayscale Investments has increased its allocation to 
Cardano in its diversified crypto holdings, signalling institutional interest 
in the smart contract platform even as broader market sentiment weakens. 
According to the latest portfolio breakdown, Cardano (ADA) now accounts…

ADA price prediction as Grayscale boosts Cardano allocation

Zcash price has dropped over 20% in the past 7 days as the broader crypto 
market remained in a downtrend. The privacy token now risks a drop to $200 as 
a death cross appears to have taken shape on the…

Will Zcash price crash to $200 as a death cross looms?

Terraform Labs’ court-appointed bankruptcy administrator has filed a lawsuit 
against market maker Jane Street for allegedly using non-public information to 
profit from the 2022 collapse of the Terra ecosystem. The lawsuit was filed on 
Monday and accused Jane Street insiders,…

Cryptocurrency price in MXN