Barclays is reportedly assessing blockchain-based settlement infrastructure and tokenized deposit systems as the stablecoin market expands toward $300 billion in circulation. The bank has taken an infrastructure-focused approach, including an investment in Ubyx, while forecasts from major institutions see stablecoin issuance potentially reaching into the trillions by the end of the decade.

MARA Holdings reported a fourth-quarter net loss of $1.7 billion, driven by a $1.5 billion fair-value hit as bitcoin fell around 30%, while revenue declined 6% to $202.3 million. The company also announced a joint venture with Starwood Capital Group to build AI-focused data centers, and its shares rose more than 15% on Thursday.

On Wednesday at Strategy World 2026 in Las Vegas, Michael Saylor outlined a shift from promoting corporate bitcoin treasury adoption to making STRC the firm's core financing tool for future purchases. On Thursday morning, Benchmark reiterated a buy rating on MSTR with a $705 price target as shares traded around $130, saying the focus could speed bitcoin-per-share growth.

Shares of ETHZilla rose more than 13% to around $3.91 on Tuesday as the company rebrands to Forum and pivots from pure ether accumulation. The firm sold about $40 million in ETH in October and 24,291 ETH worth roughly $74.5 million in December to fund buybacks and retire debt. It is now targeting double-digit yields from tokenized home loans and other real-world assets.

Mizuho analysts reaffirmed an "outperform" rating and a $26 price target on Gemini Space Station, even as the stock trades near all-time lows around $5.90. They argued that recent executive departures and market turmoil are largely priced in, while cost cuts, a 25% workforce reduction and exiting the UK, EU and Australia could support margin improvement over time. Their valuation framework also includes a $43 bull case and an $8 bear case, both above the current share price.

ProShares has launched the ProShares GENIUS Money Market ETF (NYSE Arca: IQMM), a vehicle built to hold assets eligible as reserves for dollar-pegged stablecoins under U.S. law. The fund confines holdings to cash and U.S. government securities maturing in 93 days or less, while stablecoin supply sits just under $300 billion, according to The Block's data.

Starboard Value estimates Riot Platforms’ AI/HPC plan could create $9–$21 billion in equity value, pointing to the miner’s large Texas power assets. In a letter sent Wednesday, the investor urged faster deal execution, noted AMD’s initial 25 megawatt lease with options up to 200 MW, and said about 1.4 gigawatts remain to monetize.

On Feb. 17, Gemini will see Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen and Chief Legal Officer Tyler Meade leave the company under a leadership reshuffle. Gemini will not name a new COO, with co-founder Cameron Winklevoss taking over many operational and revenue responsibilities while interim leaders fill the CFO and general counsel roles amid continued losses despite user and revenue growth.

Solana Company (NASDAQ: HSDT) said on Friday it introduced a way for institutions to borrow against natively staked SOL while keeping tokens in custody through Anchorage Digital and Kamino. The announcement sent the stock up roughly 17% to about $2.30 after hitting an all-time low near $1.80 earlier this week.