GM, Readers!

The crypto market is dripping red. Bitcoin has slipped below $68K, and forced liquidations are mounting, marking a prolonged bearish outlook for February. Will Bitcoin bounce back? It's too early to say, but historic predictions suggest it is definitely possible.

Now, let’s dive into this week’s biggest crypto stories…

Top Stories This Week:

  1. X Plans “Smart Cashtags”: But No Direct Crypto Trading.

  2. Crypto Market Bleeds As Bitcoin Falls Below $68K.

Other Headlines:

  • Coinbase Pushes For Direct Fed Access

  • LayerZero Unveils Zero Blockchain

  • Polymarket’s 5-Minute BTC Bets

DEEP DIVE

🧠 X Plans “Smart Cashtags”: But No Direct Crypto Trading, Nikita Says

Breaking: Elon Musk’s social media platform X sparked massive headlines on Saturday after its Product Head, Nikita Bier, spoke about the platform’s upcoming tool, “Smart Cashtags,” which allows users to trade crypto directly from their timeline.

However, after a few hours, Bier walked back from his previous narrative and quickly clarified that the tool will not execute any direct trades or offer brokerage services for its users.

So, what’s really going on? 🤔

Here’s What You Must Know

On February 14, Bier posted on X, “I genuinely want crypto to proliferate on X.” He added, “Smart Cashtags that will enable you to trade stocks and crypto directly from timeline.”

The news gained massive hype, and there were widespread reports that X’s new in-app tool will now allow direct trading for users.

Hours later, the initial hype, Bier took to his X account and posted and refuted such claims and unverified reports, and said:

Source: @nikitabier

What This Means

Elon Musk envisioned revamping X into a crypto-native platform through the “Everything App” and integrating crypto and payments with the launch of the “X Money,” a peer-to-peer payment app last year, which is currently in beta testing. Smart Cashtags is a part of Musk’s bigger vision of turning X into an all-in-one platform.

So, if not direct trading, what will Smart Cashtags actually do?

The interactive tool will enable users to tag a specific crypto asset or a smart contract address by posting clickable ticker links such as $BTC or $ETH. When users tap a ticker, they can see real-time performance charts, recent posts, market statistics, etc. But no direct crypto trading yet.

According to Bier, the new tool does not allow users to trade directly, but it redirects them to an external exchange or broker through a link.

In short, X is still a few steps behind in areas like custody infrastructure, brokerage licenses, and regulatory compliance, which are crucial for native crypto trading.

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EXCLUSIVE

🩸Crypto Market Bleeds As Bitcoin Falls Below $68K

Market Check: The crypto market is bracing for a challenging week as Bitcoin slipped to $68,000 on Monday and failed to reclaim an upward momentum.

Painted In Red

Red Monday for the crypto traders as Bitcoin slid to the $68,000 mark, struggling to hold the $70,000 resistance level. Prices of major altcoins, including Ethereum, XRP, and Zcash, declined significantly. Ethereum traded around the $1,937-2000 range, and XRP was at $1.45.

Bitcoin plunged more than 20% since early 2026. Critics are worried whether this could mark the worst Q1 since 2018.

Why the sudden plunge?

Crypto markets saw sharp sell-offs as Bitcoin broke the $69,000 support level. Traders shifted towards stablecoin holdings to mitigate risks.

Reasons?

The market remains cautious, and crypto investors are treading with fear and ambiguity.

Macro uncertainties, regulatory delays, geopolitical tensions, and Trump’s tariff ruling, which is expected on February 20, have impacted investor confidence and triggered a risk-off sentiment, driving traders towards safer assets.

Additionally, the ongoing debates about quantum threats and the AI bubble have challenged the “digital gold” narrative of Bitcoin.

While institutional investors continue to hold Bitcoin, short-term investors are shifting more towards traditional asset-backed coins, such as stablecoins.
What’s next?

Bitcoin is now hovering between $67,000 and $69,000. Bitcoin’s next price movement depends largely on Federal Reserve policies, regulatory developments, and macroeconomic factors. If Bitcoin breaks above $70,000, it could open doors to tactical resistance above $72,000 to $75,000.

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GOOD TO KNOW

Inside LayerZero’s New Zero Blockchain

LayerZero, the decentralized interoperable protocol, announces the debut of its new layer-1 public blockchain “Zero.”

By leveraging the fundamentals of Zero Knowledge Proofs (ZKPs) and introducing a heterogeneous architecture, Zero claims to achieve 2 million transactions per second (TPS) with a cost of less than a cent.

Zero is backed by institutional investments from industry stalwarts like Citadel Securities and Ark Invest, who have earlier made strategic investments in LayerZero’s native token ZRO.

LayerZero is also partnering with Google Cloud and The Depository Trust & Clearing Corporation (DTCC).

Zero is still in a testing phase, and the full mainnet launch is anticipated in the fall of this year.

👉 Read More At LayerZero Announcements.

UPDATE

🇺🇸 Coinbase Pushes Fed For Direct Access To U.S. Payment Systems

Coinbase, one of the world’s largest crypto exchanges, formally submitted a letter to the Federal Reserve this month to grant direct access to the U.S. Federal Reserve Payment System for certain non-bank institutions.

The Details

Coinbase has formally requested the Board of Governors of the U.S. Federal Reserve System to approve special-purpose Reserve Bank payment accounts for eligible non-bank institutions, like fintech and crypto firms.

At present, only regulated traditional banks have access to the Federal Reserve System, such as FedNow or Fedwire. Non-banks must rely on intermediaries to access such systems, which can be time-consuming, costly, and complex.

Faryar Shirzad, Chief Policy Officer at Coinbase, said, “The Payment Account represents an important step toward modernizing the U.S. payment system and ensuring that the United States remains globally competitive in financial services innovation. Many jurisdictions — such as the UK, EU, Brazil, and India — already permit certain non-bank financial institutions to access central bank payment infrastructure.”

He argued that bridging qualifying non-bank financial institutions with the central bank payment infrastructure will:

  • Reduce settlement risks.

  • Foster innovation.

  • Accelerate payment speed.

  • Give firms a competitive edge, globally.

What This Means: If approved, the framework could simplify banking settlements for non-bank firms like Coinbase or Ripple by removing intermediaries, reducing operational friction and counterparty risks, and streamlining faster settlements with regulatory oversight.
The proposal is still in its early stages. The Federal Reserve has closed the comments on February 6 and is currently reviewing the submissions.

AT A GLANCE

⏱️ Polymarket Unveils 5-Minute Bitcoin Prediction Markets

Polymarket, the crypto-focused prediction platform, has launched a 5-minute Bitcoin betting feature supported by the decentralized oracle network Chainlink.

The high-frequency prediction market opens a 5-minute window, allowing users to bet on the short-term price volatility of Bitcoin price movements.

Based on Chainlink’s real-time price data, users can predict whether the Bitcoin price will go up or down and earn rewards. The entire approach is bot-driven and automated, which reduces the risks of human errors.

👉 Read More At CoinMarketCap.

🗳️ Trump’s Truth Social Files With The SEC For Crypto ETFs

Yorkville America Equities, the asset manager firm that handles Truth Social-backed exchange-traded funds (ETFs), announced on Friday that it has filed with the SEC to launch two ETFs, namely, the Truth Social Cronos Yield Maximizer ETF and the Truth Social Bitcoin and Ether ETF.

Truth Social Funds has partnered with Crypto.com to debut the new ETFs and will also provide custody, staking, and liquidity services.

👉 Read More At CoinDesk.

🌐 MARKET MAP

Based on CoinMarketCap data, February 18, 2026, 9:15 AM, ET.

😏 TODAY’S MEME DROP

That’s a wrap, folks! Stay tuned for trending news at WhaleTales. 🐳

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