FUFU News & Events

Bitcoinis holding above $72,000 on Thursday morning after briefly topping $73,000 in the prior session, as a pair of blockbuster deals signal that traditional finance is accelerating its push into digital-asset infrastructure. Spot bitcoin ETF inflows hit $462M on Wednesday, the third consecutive day of net buying led by BlackRock'sIBIT at $307M, while etherfunds drew $169M,.NYSE PARENT ICE TAKES BOARD SEAT AT OKX IN $25B TOKENIZATION BET:Intercontinental Exchange, the parent of the New York Stock Exchange, has taken an equity stake in crypto exchange OKX at a $25B valuation and secured a board seat,. Under the deal, OKX will supply ICE with a live crypto price feed and plans to allow users to trade tokenized NYSE-listed stocks and derivatives in the second half of 2026, while ICE continues to develop its own blockchain-based trading infrastructure. For equity investors, the transaction links a systemically important exchange operator directly to a major offshore crypto venue and advances the tokenization-of-equities narrative that has driven ICE shares and peer exchange stocks higher in recent quarters.CORE SCIENTIFIC SECURES UP TO $1B FROM MORGAN STANLEY AS MINERS LOCK IN CAPITAL:Core Scientificannounced it has secured up to $1B in strategic financing from Morgan Stanley, with a $500M initial close. The financing comes as the bitcoin miner pivots its data-center capacity toward high-performance computing and AI hosting, a theme that has driven a combined $11B surge in U.S.-listed miner market caps in recent months. Separately, BitFuFureportedthat it mined 227 BTC in February and held 1,830 BTC with 26.4 EH/s of deployed hashrate, while LM Funding Americasaid it mined a record 8.7 BTC in February, up 11.5% from January, but sold 18.1 BTC and reduced total holdings to 354.7 BTC,.CLARITY ACT STALLS AS TRUMP ATTACKS BANKS OVER STABLECOIN YIELD BAN:The CLARITY Act stablecoin bill hit a fresh impasse after White House-led negotiations ended without agreement on whether platforms like Coinbaseshould be permitted to offer yield on stablecoins,. President Trump publicly criticized banks for undermining his crypto agenda, telling supporters that financial institutions are "threatening" the industry by pushing for a total prohibition on stablecoin rewards,. Despite the legislative stalemate, the broader regulatory tone continued to shift, with the SEC and CFTC each submitting formal crypto-market-structure guidance to the White House for review,.BITCOIN TREASURY STRATEGIES PROLIFERATE ACROSS SMALL-CAP EQUITIES:The corporate bitcoin treasury trend extended further down-market. YY Group Holdingsannounced a long-term bitcoin treasury strategy, allocating excess cash to BTC as a reserve asset, citing scarcity and inflation-hedge potential,. DDC Enterprisegrew its BTC stash to 2,183 coins amid record revenue guidance, while Hyperscale Data, anchored by a bitcoin treasury strategy, said its askROI subsidiary deployed Anthropic's Claude Opus 4.6 AI model,., American Bitcoin Corp., the Hut 8subsidiary with Trump-family ties, disclosed two insider Form 4s showing directors purchased 2.1M shares, while Aurelion Inc.reported Q1 results for the first Nasdaq-listed Tether Gold treasury with a $108M NAV,.ON-CHAIN FLOWS SHOW BLACKROCK ACCUMULATION AND SHORT-WHALE LIQUIDATIONS:showed BlackRock withdrew a net 4,716 BTC, valued around $345M, and 21,147 ETH, valued near $45M, from Coinbase within a 13-hour window ending early March 5, a pattern consistent with IBIT custody accumulation rather than selling. Separately,an OG bitcoin wallet depositing 500 BTC worth approximately $36.4M to Binance after 8 months of dormancy., a potential sell-side signal, while CryptoQuant's Exchange Whale Ratio surged to 0.85 in late February, the highest in over a decade, before pulling back as of March 5,.GOLDMAN SACHS FILES BITCOIN-LINKED STRUCTURED NOTES; BNY MELLON HIGHLIGHTS TOKENIZATION:Goldman Sachsfiled a 424B2 prospectus for autocallable contingent coupon notes linked to the iShares Bitcoin Trust ETF, with risk factors explicitly discussing bitcoin, cryptocurrencies, and digital assets,. Bank of New York Mellonused its definitive proxy statement to highlight the launch of a tokenized money market fund solution and a stablecoin reserves fund among its 2025 accomplishments,. Both filings underscore that Wall Street's largest institutions are deepening their crypto infrastructure buildout even as bitcoin trades more than 40% below its October 2025 all-time high.PRICE ACTION:As of time of writing, bitcoin was trading at $70,997.06, while ether was trading at $2,063.71,.

BitFuFu announced its unaudited Bitcoin production and operational metrics for February 2026. "Our February month-end hashrate declined from the end of January as we maintained a disciplined approach to incremental hashrate procurement to preserve flexibility and avoid committing to longer-term, low-margin contracts. While the near-term Bitcoin pricing environment has softened, our cloud-mining business continues to generate positive cash flow, allowing us to ride out the inherent cyclicality of Bitcoin. Flexibility across the market cycle is a key pillar of our strategy, and that flexibility is underpinned by our balance sheet strength," said Leo Lu, Chairman and CEO of BitFuFu.

BitFuFu announced its unaudited Bitcoin production and operational metrics for January 2026. "In January we increased our managed hashrate and power capacity while improving fleet efficiency to mine more Bitcoin at lower cost. Despite recent Bitcoin price volatility, we remain confident in Bitcoin's long-term value and will continue expanding both our mining capacity and Bitcoin holdings," said Leo Lu, Chairman and CEO of BitFuFu.

Strategy slides as Galaxy Digital reports a $482M loss, but Wall Street is buying the dip with record ETF inflows. Meanwhile, White House negotiations over stablecoin legislation hit a stalemate, and new manufacturing data signals a potential "risk-on" shift for the markets. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio,STRATEGY EXTENDS LOSING STREAK TO EIGHT MONTHS AS GALAXY DIGITAL POSTS $482M LOSS:The institutional crypto sector remains under significant pressure as Strategynavigates its eighth consecutive monthly decline. Shares of the bitcointreasury leader have plummeted roughly 75% from their November 2024 peak, currently trading near $141., the performance gap between Strategy and bitcoin has widened to 35%, a spread that could limit the firm's future ability to acquire tokens through equity offerings. Simultaneously, Galaxy Digitalreported a fourth-quarter net loss of $482M, missing analyst estimates of a $282M loss.that billionaire CEO Michael Novogratz remains optimistic despite the "pain," noting the firm holds $2.6B in cash and stablecoins to weather the cycle.WHITE HOUSE NEGOTIATIONS REACH DEADLOCK OVER CONTENTIOUS STABLECOIN YIELDS:Regulatory hurdles for the industry intensified on Monday as White House-led negotiations over market-structure legislation ended with no agreement on how to handle the issue of stablecoin yield. The central conflict involves whether platforms like Coinbaseshould be permitted to offer rewards or yield on stablecoins to their users., banking trade groups are pushing for a total prohibition on stablecoin rewards to prevent a flight of traditional deposits, while Coinbase argues it is simply offering a better product. While the Digital Chamber described the session as the first in a series to resolve the issue by the end of February, the deadlock continues to weigh on market sentiment. In contrast, Operashares surged 15% after its MiniPay wallet added support for tetherand tether gold, having processed over $153M in transactions in December,.INSTITUTIONAL DIP BUYING FUELS RECORD $562M INFLOW INTO BITCOIN FUNDS:Despite the equity slump, institutional appetite for digital assets at lower prices appears resilient.that U.S.-listed bitcoin ETFs recorded a net inflow of $561.8M on Monday, marking the largest single-day haul since Jan. 14. This "cash rush" was led by BlackRock'sIBIT fund and Fidelity's FBTC, even as the average cost basis for ETF holders remains underwater at approximately $84,099. This buying trend was mirrored by Cathie Wood's ARK Invest, which deployed roughly $72M into the market dip., ARK Invest added $32.7M in Robinhood, $9.4M in Circle, and $1.3M in Coinbase as bitcoin briefly fell below $75,000.MANUFACTURING EXPANSION AND INFRASTRUCTURE DEALS SIGNAL SECTOR SHIFTS:The broader economic and infrastructure landscape provided a rare bullish signal for investors. The ISM Manufacturing PMI rose to 52.6 in January, beating forecasts and ending 26 consecutive months of contraction. While analysts suggest this "risk-on" signal historically precedes bitcoin rallies, the mining sector faces immediate challenges as falling prices push older rigs into the red. TeraWulfbucked the trend, gaining 11% after, more than doubling its capacity to 2.8 gigawatts.H.C. WAINWRIGHT HIGHLIGHTS INSTITUTIONAL MOVES AND "PRIVATE GRID" PIVOT AMID MARKET VOLATILITY:Providing a critical fundamental counterbalance to recent price pullbacks, H.C. Wainwright analyst Mike Colonnese's early February 2026 roundup details a period of significant digital asset declines contrasted by massive infrastructure expansion. While bitcoin dropped 11% week-over-week to $76,911, impacted by $1.5B in spot ETF outflows and a 7.8% network hash rate dip following U.S. winter storms, the report underscores a rapid shift toward the "Private Grid" era for AI. This is exemplified by the approval of Pacifico Energy's 7.65 GW natural gas-fueled AI power campus in Texas, designed to bypass the ERCOT grid entirely. On the corporate front, Wainwright highlights institutional floor-setting maneuvers, including Binance's 30-day plan to convert $1B of its SAFU stablecoins into BTC and the advancement of the CLARITY Act in the Senate. The report specifically identifies IREN as a leader in the high-performance computing pivot, maintaining a sector-leading contracted annual recurring revenue of $1.94B through its AI cloud deal with Microsoft.Mike Colonnese provided the following updates on the crypto and AI industry, noting that public companies purchased a combined ~1,460 BTC last week:Strategy: Buy rating and $500 price target; purchased 855 BTC last week.Galaxy Digital: Buy rating and C$63 price target.Circle Internet Group: Neutral rating and $85 price target.American Bitcoin: Buy rating and $4 price target.Applied Digital: Buy rating and $40 price target.Bitfarms: Buy rating and $4 price target.Bit Digital: Buy rating and $7 price target.Bitdeer Technologies: Buy rating and $30 price target.Cango: Buy rating and $3 price target.Cipher Mining: Buy rating and $30 price target.CleanSpark: Buy rating and $27 price target.Coinbase Global: Buy rating and $425 price target.Core Scientific: Buy rating and $25 price target.CoreWeave: Buy rating and $180 price target.BitFuFu: Buy rating and $7 price target.HIVE Digital Technologies: Buy rating and $10 price target.Hut 8: Buy rating and $80 price target.IREN: Buy rating and $80 price target.MARA Holdings: Buy rating and $28 price target.Mawson Infrastructure: Neutral rating.Riot Platforms: Buy rating and $26 price target.Soluna Holdings: Buy rating and $5 price target.WhiteFiber: Buy rating and $34 price target.PRICE ACTION:As of time of writing, bitcoin was trading at $76,748.00, while etherwas trading at $2,249.09,.