The equity offering builds on Backpack’s token announcement earlier this month, in which the first 62.5% of tokens will be distributed to users. Crypto trading platform Backpack Exchange on Monday announced that stakers of its forthcoming Backpack token will be able to earn equity in the exchange, as the company moves toward a potential initial public offering. “Users that stake the Backpack token for at least a year will have the opportunity to exchange those tokens for equity at a fixed ratio — 20% of the company today,” said Backpack CEO and founder Armani Ferrante in a post to X on Monday. 20% of Backpack equity given to users who stake for a year. Don't just use the next big thing. Own it. pic.twitter.com/whdGUQ0XyH Read more
The spot Bitcoin ETFs recorded four straight months of outflows, with hodlings down 85,000 BTC since October 2025. Is slowing institutional demand the death knell for BTC price? Spot Bitcoin exchange-traded funds (ETFs) are on track to post a fourth consecutive month of net outflows as Bitcoin (BTC) approaches a fifth negative monthly close in February. The slowdown is visible across the shrinking fund balances and the bearish rolling net flow data, especially when measured against competing asset ETFs. With Bitcoin price and the spot ETF holdings trending lower since October, investors are searching for answers on what the future may hold for BTC. Net assets held in US spot Bitcoin ETFs peaked near $170 billion in October 2025 and now stand at $84.3 billion. The cumulative net inflows have fallen to roughly $54 billion from the $63 billion all-time high. Since July 2025, cumulative net flows have totaled just $5 billion, underscoring the sharp drop in capital inflows. Read more
Traders struggle to determine if the crypto market bottom is in, but liquidity fears, AI industry valuation worries, and BTC mining strength could send Bitcoin back to $75,000. Key takeaways: Historical data shows Bitcoin often outperforms during trade wars and liquidity injections despite initial macro fear. Resilient mining activity and a shift to net long positions on CME futures suggest professional traders are buying the dip. Read more
The Strategy CEO downplayed quantum risks on Natalie Brunell’s Coin Stories podcast, saying any credible threat would prompt coordinated software upgrades across global digital systems. Strategy CEO Michael Saylor dismissed concerns about quantum computing during an appearance on Natalie Brunell’s Coin Stories podcast, saying the cybersecurity community broadly agrees that any credible quantum threat is likely more than a decade away. While it remains unclear if or when a quantum risk might materialize, Saylor told the podcast host that any credible breakthrough would prompt coordinated software upgrades across global banking systems, internet infrastructure, consumer devices, artificial intelligence networks and crypto protocols, including Bitcoin (BTC). Saylor said the digital systems underpinning modern digital infrastructure would eventually adopt post-quantum-resistant cryptography if necessary, adding that such a shift would not come as a surprise. Read more