Canaan posts 121% revenue growth despite reporting a net loss due to crypto price adjustments.
Bitcoin ETFs see continued outflows, while Solana ETFs record fresh inflows.
Apollo and Binance integrations highlight growing institutional participation in on-chain finance.
The crypto market saw major developments as mining firms posted strong earnings, institutional flows stayed uneven, and major asset managers deepened their exposure to decentralized finance. Canaan’s revenue rebound, Solana’s consolidation, and fresh ETF outflows also grabbed headlines.
Bitcoin mining hardware manufacturer Canaan reported a sharp recovery in Q4 performance, with revenue climbing 121% year-over-year to over $196 million, its strongest quarter in three years.
The company achieved its recovery by selling mining machines while delivering 14.6 exahashes per second (EH/s) of computing power to meet high customer demand from North America.
Canaan's mining operations generated $30.4 million in revenue after the company mined approximately 300 BTC during the quarter at an average implied price near $101,000 per coin.
The company experienced an $85 million net loss despite its revenue growth because of fair-value adjustments that correlated with decreasing digital asset prices.
Solana (SOL) is trading near $85 after failing to break above its upper consolidation boundary around $89.38. A decisive breakout above this zone could open the door toward the $100 psychological level.
Institutional demand has shown early signs of improvement. US-listed spot SOL ETFs recorded $13.17 million in net inflows last week, breaking a two-week streak of outflows.
On the technical front, the Relative Strength Index (RSI) sits at 35, rebounding from oversold territory, while the MACD recently printed a bullish crossover, both suggesting easing bearish momentum.
On the downside, a close below $76.45 could expose SOL to further weakness toward $67.50.
According to SoSoValue, Bitcoin spot ETFs saw net weekly outflows totaling $360 million, marking the fourth straight week of capital withdrawals.
BlackRock’s IBIT led the decline with $235 million in outflows, though its cumulative historical inflows remain substantial at $61.61 billion.
Fidelity’s FBTC followed with $125 million in weekly redemptions, and Grayscale’s Bitcoin Mini Trust stood out as the only major inflow product, attracting $110 million last week.
Total net assets across all Bitcoin spot ETFs currently stand at $87.04 billion, representing 6.33% of Bitcoin’s total market capitalization.
Also Read: Bitcoin SOPR Climbs Above 1.0 as Market Tests Key Resistance Levels
Binance has completed the integration of Ripple USD (RLUSD) on the XRP Ledger network.
The stablecoin deposits became available after the integration, as it was designed to maintain a 1:1 peg with the US dollar.
The market capitalization of RLUSD reached $1.52 billion in February 2026, which positioned it as one of the 60 most valuable digital assets globally.
The Ethereum network holds $1.2 billion of the total supply, representing 77% of the circulating supply, while $348 million exists on XRPL.
Apollo Global Management signed a co-operation agreement with the Morpho Association, which allows the company to obtain up to 90 million MORPHO governance tokens over four years.
The purchase would represent roughly 9% of the total token supply.
Apollo, which manages assets worth $938 billion, plans to develop decentralized lending markets that use Morpho's on-chain protocol.
The move follows growing institutional experimentation with tokenized finance, including BlackRock's recent push into DeFi infrastructure.
Also Read: Ethereum Trading Activity Slows as Volume Drops to Multi-Week Lows
Changpeng Zhao, with industry leaders and others, has brought back discussions about on-chain privacy.
The critics argue that complete blockchain transparency will impede corporate adoption, as the transaction records will reveal confidential business information.
The development of advanced AI analytics systems has raised increasing concerns about financial privacy and the ability to track data.
The industry requires better privacy protection systems to achieve widespread business adoption despite blockchain transparency, which enables trustless verification.
1. Why did Canaan report a loss despite revenue growth?
The net loss resulted from fair-value adjustments on crypto holdings as asset prices declined.
2. What do Bitcoin ETF outflows indicate?
Persistent outflows suggest cautious institutional positioning and reduced capital inflows.
3. Is Solana showing signs of recovery?
Yes, improving ETF flows and bullish technical indicators suggest potential upside if resistance breaks.
4. Why is RLUSD’s growth significant?
A $1.5 billion market cap highlights increasing stablecoin adoption across the Ethereum and XRPL networks.
5. Why is crypto privacy becoming a debate again?
Concerns are rising that transparent blockchains may deter corporate adoption due to risks of exposing financial data.
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