SafeMoon’s former chief technology officer, Thomas Smith, has also pleaded guilty and is awaiting sentencing. Alleged co-conspirator Kyle Nagy remains at large. Former SafeMoon CEO Braden Karony has been sentenced to 100 months in prison for stealing $9 million from the crypto platform’s liquidity pool in 2021 to fund a “lavish lifestyle.” The sentence on Monday comes nine months after Karony was convicted by a federal jury on charges of conspiracy to commit securities fraud, wire fraud and money laundering in May 2025. “Not only did Braden John Karony abuse his position as CEO, but he also betrayed his investors’ trust by stealing more than nine million dollars in digital assets from his company to fund his lavish lifestyle,” FBI assistant director James C. Barnacle, Jr. said. Read more
Robinhood is testing its own Arbitrum‑based Ethereum layer‑2, deepening its push into tokenized stocks and DeFi infrastructure alongside other major exchanges. Robinhood has launched a public testnet for Robinhood Chain, its new Ethereum layer‑2 network built using Arbitrum technology that aims to bring tokenized real‑world and digital assets onchain. According to a release shared with Cointelegraph, the testnet, which is now live for developers, offers network access points, documentation at docs.chain.robinhood.com, compatibility with standard Ethereum development tools and early integrations from infrastructure partners. Robinhood says the chain is designed for “financial‑grade” use cases, including 24/7 trading, seamless bridging, self‑custody, and decentralized products such as tokenized asset platforms, lending markets, and perpetual futures exchanges. Read more
Canaan’s fall on Tuesday sent its share price to $0.56, falling further from the $1 it must reclaim by July to avoid a potential Nasdaq delisting. Crypto miner and manufacturer Canaan fell 6.9% on the Nasdaq on Tuesday despite reporting a 121.1% year-on-year increase in revenue to $196.3 million in the fourth quarter, driven by an increase in hardware sales and stronger mining performance. Canaan reported that its Bitcoin (BTC) mining revenue rose 98.5% year-on-year to $30.4 million, helping boost its Bitcoin treasury to a record 1,750 BTC, valued at nearly $120 million, while the company also increased its Ether (ETH) holdings to 3,950 ETH, worth $7.9 million. The revenue figure is Canaan’s highest quarterly posting in three years, and was also driven by Bitcoin mining machine sales, with the company shipping a record 14.6 exahashes per second (EH/s) of computing power during the quarter. Read more
ETH’s market structure and fractal analysis from 2021 and 2024 provide insights where significant buy demand may exist. Currently, it’s on the downside. Ether (ETH) struggled to hold prices above $2,000 on Tuesday, and against this backdrop, analysts noted that Ether’s 31% decline in 2026 fits a familiar price fractal from previous bull markets. Key takeaways: ETH’s recent dip to $1,736 may mark only the first of many lows in a larger consolidation phase. Read more
Bitcoin’s double-digit rebound and brief trading above $72,000 may confirm $60,000 was the bottom, but data shows top traders are refusing to open longs. Key takeaways: The Bitcoin long-to-short indicator at Binance hit a 30-day low, signaling a sharp decline in bullish leverage demand. US-listed Bitcoin exchange-traded funds reversed a negative trend with $516 million in net inflows following a period of heavy liquidations. Read more