The Gemini-owned NFT platform will close on Feb. 23, 2026, entering withdrawal-only mode as another major casualty of the sector’s prolonged downturn. Nifty Gateway, one of the earliest and most recognizable NFT marketplaces, is set to shut down operations next month, marking another high-profile exit amid the sector’s prolonged downturn. “Today, we are announcing that the Nifty Gateway platform will be closing on February 23, 2026,” the Gemini-owned platform wrote in a Saturday post on X, adding that it has already entered withdrawal-only mode, giving users roughly one month to move any remaining NFTs or funds off the site. A shutdown notice is now displayed on Nifty Gateway’s homepage, and users can withdraw assets either through a linked Gemini Exchange account or directly to their bank via Stripe. Read more
The spike in Polymarket odds comes just days after United States President Donald Trump said “we’re probably going to end up in another Democrat shutdown.” Polymarket betters are pricing in a 77% chance that the US government will shut down again before the end of January, marking a 67% increase over the past 24 hours. It comes as the CLARITY Act, a significant crypto bill aimed at providing more clarity around regulations, is still making its way through Congress, with previous delays largely blamed on the record 43-day US government shutdown in October and November. Political commentator Collin Rugg highlighted the surging Polymarket odds in an X post on Saturday, noting that it came shortly after US Senator Chuck Schumer announced that Senate Democrats would not “provide the votes to proceed” to the appropriations bill if funding for the Department of Homeland Security (DHS) is included. Read more
The extended outflow streak comes as a widely used crypto sentiment indicator has stayed within the “Extreme Fear” range since Wednesday. US-based spot Bitcoin exchange-traded funds (ETFs) have extended their outflow streak to five days as crypto market sentiment continues to wane. Spot Bitcoin (BTC) ETFs posted $103.5 million in net outflows on Friday, continuing an outflow streak that began the previous Friday. Over the five days, including the four-day trading week in the US shortened by Martin Luther King Jr. Day on Monday, total outflows reached approximately $1.72 billion, according to Farside data. Read more
Crypto sales are taxable under current United States policy, but lawmakers have proposed tax exemptions for small transactions. The biggest obstacle to Bitcoin (BTC) being used as a payment method is tax policy, not scaling technology that reduces settlement times and transaction costs, according to Pierre Rochard, a board member for Bitcoin treasury company Strive. “Here’s a metaphor: the best athlete can win against the worst athlete 100% of the time, if the best athlete plays. It drops to 0% if he doesn’t play and lets the weak athlete win,” Rochard said about BTC’s current lack of use as a method of payment. In December 2025, the Bitcoin Policy Institute, a non-profit policy advocacy organization, sounded the alarm on the lack of a de minimis tax exemption for small Bitcoin transactions. Read more
The Nietzschean Penguin (PENGUIN) memecoin had a market capitalization of about $387,000 before the US White House published its post. The Nietzschean Penguin (PENGUIN) token, a memecoin launched on the Solana layer-1 blockchain network, surged by about 564% following a social media post from the United States White House. On Friday, the White House published a social media post on X of US President Donald Trump and a penguin holding hands and walking through the snow, which went viral. PENGUIN traded at a market capitalization of about $387,000 before the post and recorded $244 million in trading volume in the 24 hours after the post, according to SolanaFloor. Read more
The Bitcoin proposal caps arbitrary data in an attempt to combat spam from non-monetary transactions on the Bitcoin network. The number of Bitcoin (BTC) nodes signaling support for Bitcoin Improvement Proposal 110 (BIP-110), a temporary soft fork limiting the amount of data included in each transaction at the consensus level, rose to 2.38%. 583 out of 24,481 nodes are running BIP-110, and the primary node software implementation for running the soft fork proposal is Bitcoin Knots, according to The Bitcoin Portal. BIP-110 limits the size of transaction outputs to 34 bytes and caps the OP_RETURN data limit to 83 bytes. The temporary soft fork will be deployed for 1 year, with possible extension or alteration after the 1-year term, according to the proposal’s GitHub page. Read more