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In brief Grok is Elon Musk’s irreverent answer to ChatGPT—designed to be edgy, real-time, and politically incorrect. Built into X, Grok has rapidly evolved through multiple versions, with Grok 4 powered by xAI’s Colossus supercomputer. Despite its growth, Grok has faced backlash for offensive response, accuracy issues and the creation of sexualized imagery. Created to be a more irreverent, politically incorrect, and “truthful” AI, Grok is Elon Musk’s frequently controversial answer to ChatGPT, developed by OpenAI—the company he co-founded in 2015.Who Created Grok AI?Launched in 2023, Grok was developed by xAI, Elon Musk’s rival to AI powerhouse OpenAI. Since its…

Moonwell, a decentralized finance (DeFi) lending protocol deployed on Base and Optimism, was exploited for about $1.78 million after a pricing oracle for Coinbase Wrapped Staked ETH (cbETH) returned a value of about $1.12 instead of roughly $2,200, creating a sharp mispricing that attackers were able to use for profit.The pull requests for the affected contracts show multiple commits co-authored by Anthropic’s Claude Opus 4.6, prompting security auditor Pashov to publicly flag the incident as an example of artificial intelligence-written or AI-assisted Solidity backfiring. Speaking to Cointelegraph about the incident, he said that he had linked the case to Claude because…

Once holding over 100,000 ETH, ETHZilla liquidated some to cover debt and repurchase stock. Peter Thiel and his Founders Fund have sold $74.5 million worth of ether (ETH) through ETHZilla Corp., fully exiting the company’s crypto treasury. The SEC filing confirmed Thiel’s entities no longer hold any shares in ETHZilla. The sale follows a series of ether liquidations by ETHZilla to cover debt and buy back stock. The company previously held over 100,000 ETH at its peak, according to DefiLlama. ETHZilla Faces Market Pressure ETHZilla started as a biotech firm, 180 Life Sciences Corp., before making a full pivot to…

Milo, a Miami-based financial technology firm focused on crypto-backed lending, announced it has originated more than $100 million in crypto mortgages, marking a milestone in the use of digital assets as collateral for home financing and purchasing. The company said the total includes its largest single transaction to date, a $12 million crypto mortgage, as demand grows among institutional and high net worth borrowers seeking alternatives to traditional mortgage structures. Milo’s crypto mortgage product allows clients to pledge Bitcoin to secure financing for home purchases without selling their holdings. The company said it offers up to 100% financing with loan…

Executives at Coinbase used a recent company ‘AMA’ call to address growing scrutiny around Bitcoin exchange-traded funds, defending the firm’s dominant role as a custodian and pushing back against claims that spot Bitcoin ETFs are backed by “paper Bitcoin” rather than real assets. Responding to a question from Bloomberg’s James Seyffart, Coinbase CEO Brian Armstrong said the company holds a commanding share of the U.S.-listed Bitcoin ETF custody market, estimating Coinbase’s share at more than 80%. He framed that concentration as a competitive advantage rather than a risk. “We do have pretty dominant market share in terms of custody for…

George Town, Cayman Islands, February 17th, 2026, Chainwire Zircuit, a security-first digital asset company backed by YZiLabs, Dragonfly, and Pantera, today announced the launch of Zircuit Finance. Incubated by a team from Quantstamp, Zircuit Finance is a secure platform for institutional-grade strategies, a stablecoin vault designed to generate yield on USDC and USDT, with a stated target range of 8–11% APR, subject to market conditions and variability. Historically, access to professional asset managers and institutional strategies required significant minimum investments and long lockups. Zircuit Finance removes those barriers with a simplified, cross-chain interface that provides access to institutional-grade yield strategies…

Bitmine has 3,040,483 staked ETH, representing $6.1 billion at $1,998 per ETH; MAVAN staking solution on track to launch Q1 2026 Bitmine now owns 3.62% of the ETH token supply, over 72% of the way to the ‘Alchemy of 5%’ in just 7 months Bitmine recently closed on initial $200 million investment into Beast Industries Bitmine Crypto + Total Cash Holdings + “Moonshots” total $9.6 billion, including 4.371 million ETH tokens, total cash of $670 million, and other crypto holdings Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading…

Karavas, Cyprus, February 17th, 2026, Chainwire At a time when much of the blockchain industry is still recovering from one of its harshest downturns, a small number of companies are quietly moving in the opposite direction: expanding, building, and positioning themselves for the next era of adoption. Public Masterpiece, a Cyprus-based real-world asset tokenization company, has announced PMT Chain, its own purpose-built Layer 1 blockchain. Alongside the announcement, the company confirmed a strategic repositioning: PMT, once short for Public Masterpiece Token, will now stand for Public Masterpiece Technology. The timing is notable. Crypto did not simply experience a correction, but…

While mainstream American financial media continue to discuss the stickiness of inflation, fluctuating expectations of interest rate cuts, and the high-level fluctuations of BTC and XRP, a more subtle yet realistic consensus is forming: While prices are uncertain, the cash flow of computing power and Proof-of-Work (PoW) is being repriced. Amid this structural shift, Moon Hash is increasingly seen by North American middle-class and high-net-worth individuals as a “solution to the times”—it doesn’t sell returns, but rather assetizes, institutionalizes, and long-termizes PoW computing power, reshaping participants’ cognitive coordinates with an almost exaggerated sense of stability. Moon Hash periodically allocates PoW…

A divergence in global bitcoin BTC$70,413.42 market sentiment is widening as U.S. institutional investors hold steady while offshore traders retreat from their positions.The gap is clearest in futures markets. CME, the go-to platform for hedge funds and institutional desks in the U.S., shows traders are still paying a premium to stay long on bitcoin, according to NYDIG’s head of research, Greg Cipolaro.This is evident on a one-month annualized basis, essentially the markup for futures over spot prices, which remains higher than on its offshore counterpart, Deribit. “The more pronounced drop in offshore basis suggests reduced appetite for leveraged long exposure,”…