Vitalik Buterin sold almost 3,000 ETH worth $6.6 million through a series of 
swaps days after saying withdrawals from his holdings were coming.

Vitalik Buterin sells $6.6M in ETH after flagging planned withdrawals

Coinbase has secured an early procedural win in its legal standoff with Nevada 
regulators, blocking an emergency effort to immediately shut down its 
prediction markets offering in the state. A Nevada court declined to grant the 
Nevada Gaming Control Board’s…

Coinbase scores early win as Nevada fails to block prediction markets

As Solana (SOL) trades at multi-year lows, some analysts have lowered their 
end-of-year targets. Meanwhile, other market watchers have warned that the 
altcoin risks another 50% correction after a bearish formation was recently 
confirmed. Related Reading: BNB Chain Metrics Show Strong Performance As BNB 
Price Retests ‘Do Or Die’ Level Solana Confirms Head And Shoulders Pattern On 
Wednesday, Solana retraced nearly 10% in the daily timeframe, reaching a two- 
year low of $90. The cryptocurrency had been trading between $120 and $250 in 
the monthly chart since February 2024, retesting and bouncing from its macro 
support multiple times. The altcoin lost this crucial area over the weekend, 
closing January at around $105. After failing to maintain this level, SOL 
started the month attempting to hold the $100 psychological barrier and 
reclaim the $105 resistance as support. Nonetheless, the latest market 
movement, which also dragged Bitcoin (BTC) toward multi-year lows, pushed 
Solana below its bull market lows from last year. Amid this performance, 
market observer Alex Clay affirmed that SOL has “started to look bad.” The 
analyst affirmed that the altcoin’s chart shows a confirmed bearish formation 
after the recent price action, noting that it has also lost an important 
support zone. Per the chart, the cryptocurrency displays a macro Head and 
Shoulders (H&amp;S) pattern in the weekly timeframe, which has been forming since 
early 2024. The left shoulder developed during the Q1-Q2 2024 run, while the 
head formed during its late 2024 and early 2025 rally, which led to its All- 
Time High (ATH) of $293. This performance placed the neckline of the bearish 
formation around the $105 area. Notably, the pattern’s right shoulder began to 
develop after the Q3 2025 rally and was confirmed during the latest market 
crash. Now, the cryptocurrency has fallen below the neckline and could confirm 
it as resistance if the price closes the week under $105. Clay warned that the 
pattern’s first target sits around the $42 mark, which would represent a 55% 
correction from the current levels. SOL’s Chart Tell ‘Grim’ Story Other market 
watchers also expressed their concerns about SOL’s future performance, 
suggesting that a correction toward new lows is likely. Sjuul from 
AltCryptoGems noted that the Solana chart gives “a truly panic-inducing 
feeling” with “a vast no man’s land!” below it. Similarly, Crypto Tony 
asserted that after breaking the $100 low “with conviction,” the next major 
support for the altcoin sits around $50. To him, a correction toward this area 
is “obvious” as Bitcoin has “yet to find a bottom.” Altcoin Sherpa cautioned 
that SOL has also lost the 200-Week Exponential Moving Average (EMA), which is 
“a last stand area before $75 or lower.” He pointed out that the 
cryptocurrency tends to have strong price reactions due to “the gambling 
chain,” but noted that means corrections are usually stronger. Related 
Reading: Crypto Market Crash ‘Worse Than Expected’ But Bottom Might Be Near, 
Says Tom Lee Moreover, a major financial institution has recently lowered its 
end-of-year target for Solana. As reported by NewsBTC, Standard Chartered 
trimmed its near-term forecast from $310 to $250, mentioning the time required 
for the network’s next major use case to scale. Despite its short-term trim, 
the bank raised its longer-term targets, forecasting SOL at $2,000 by 2030 as 
it stops being “a one-trick pony” and evolves “from memecoins to 
micropayments.” As of this writing, Solana is trading at $93.28, a 27.9% 
decline on the weekly timeframe. Featured Image from Unsplash.com, Chart from 
TradingView.com

Solana Eyes Deeper Correction As Bearish Pattern Confirmation Targets $40

Ethereum co-founder Vitalik Buterin has pushed back against what he described 
as a lack of originality in the current layer-2 and blockchain scaling 
landscape. In a blog post published earlier today, Buterin said the ecosystem 
has grown too comfortable with…

Vitalik Buterin criticizes copy-paste Ethereum scaling projects

Japanese tech firms Startale and SBI Holdings introduce Strium Network, a 
blockchain platform designed to revolutionize trading and settlement of 
tokenized securities and real-world assets across Asia. Strium Network, 
unveiled on February 5, 2026, aims to create a comprehensive infrastructure 
for 24/7 trading of tokenized securities and derivatives. Leveraging SBI 
Holdings’ ecosystem of 80 million […]

Cryptocurrency price in MYR