On Feb. 9, S&P Global reported that Ledn's new bitcoin-backed securitized bonds, totaling $188 million, are mainly rated BBB-. The deal, structured and bookrun by Jefferies Financial Group, is collateralized by 4,078.87 BTC valued at about $356.9 million. Bitcoin was trading at $66,329.34 at 4:54 p.m. ET, down nearly 30% over the past month.

On Wednesday, Hyperliquid Foundation said it would help establish the Hyperliquid Policy Center with a donation of 1 million HYPE tokens valued at about $29 million. The independent research and advocacy group, led by Variant Fund advisor Jake Chervinsky, aims to promote clear U.S. regulations so that DeFi can develop and have representation in Washington, D.C.

Filings from Tuesday show that Mubadala Investment Company and Al Warda Investments together held more than $1 billion of BlackRock's spot Bitcoin ETF IBIT at the end of last year. Mubadala reported 12,702,323 IBIT shares worth about $631 million, while Al Warda held 8,218,712 shares valued at $408 million.

Hive Digital Technologies said Tuesday it delivered record revenue of $93.1 million for its fiscal third quarter ended Dec. 31, 2025, a 219% year-over-year rise and 7% higher than the prior quarter. Despite the top-line growth, the miner recorded a $91.3 million net loss tied to accelerated depreciation and non‑cash revaluation adjustments, and reported adjusted EBITDA of $5.7 million.

On Wednesday, Ripple CEO Brad Garlinghouse told an online XRP Community Day event that the firm is prioritizing integration in 2026 but could revisit acquisitions in the second half of the year. He noted that Ripple deployed approximately $4 billion last year on investments, mergers, and acquisitions, including the purchases of Hidden Road and GTreasury. Following these deals, both businesses were rebranded under Ripple and refocused on services tied to the XRP ecosystem, which Garlinghouse described as the company's guiding focus.

On Tuesday night, Robinhood launched the public testnet for Robinhood Chain, an Ethereum Layer 2 network built on Arbitrum that is designed to support experimentation before a future mainnet launch. The company plans to use the chain for tokenized real-world assets, DeFi access, and testnet-only Stock Tokens, while its recent earnings showed a 38% year-over-year drop in crypto transaction revenue to $221 million in last year's fourth quarter.

LayerZero said it is launching a Layer 1 blockchain named Zero and has secured strategic backing from Citadel Securities and Ark Invest, which both acquired the protocol's native ZRO token, with Ark also taking an equity stake. The firm additionally announced partnerships with Google Cloud and DTCC, while Intercontinental Exchange plans to evaluate how the Zero chain could support 24/7 trading. LayerZero claims Zero introduces a heterogeneous architecture capable of handling up to 2 million transactions per second with performance far exceeding Ethereum and Solana.

On Tuesday, Tether said it made a strategic investment in LayerZero Labs to back interoperability infrastructure used in creating USDT0, the omnichain version of its USDT stablecoin. USDT0, launched in early 2025 via LayerZero's Omnichain Fungible Token standard, maintains a 1:1 backing with USDT and has facilitated over $70 billion in cross-chain transfers.

On Wednesday, Hyperion DeFi Inc. (NASDAQ: HYPD) said it plans to deploy its HYPE token holdings as collateral in on-chain options vaults on Hyperliquid to generate additional income from premiums and fees. The firm emphasized it will avoid directional trading, instead targeting yield on its more than 1.8 million HYPE tokens while working with the Rysk protocol to structure covered options strategies, even as its shares dropped over 13% following the announcement.