BeInCrypto Brasil

Robinhood launched the public testnet of the Robinhood Chain, a financial-grade Ethereum Layer-2 built on Arbitrum. Johann Kerbrat, senior vice president and general manager of Robinhood Crypto, announced the testnet during Consensus Hong Kong on Wednesday, marking the first public phase of development for the blockchain first presented at the company's conference in Cannes last year.

In an interview with BeInCrypto in Hong Kong before the announcement, Kerbrat detailed the company's vision for blockchain, including tokenized real-world assets, 24/7 trading, and a hackathon initiative for developers with prizes of $1 million.

Goldman Sachs revealed significant exposure to crypto in its Q4 2025 13F filing, totaling over $2.36 billion in digital assets.

The document indicates $1.1 billion in Bitcoin, $1.0 billion in Ethereum, $153 million in XRP, and $108 million in Solana, representing an allocation of 0.33% of the reported investment portfolio.

"Goldman Sachs' Q4 2025 13F filing reveals $2.36 billion in crypto assets, marking a 15% quarter-over-quarter increase despite market volatility."

A U.S. federal judge sentenced Braden John Karony, former CEO of SafeMoon, to 100 months in prison following his conviction for fraud related to the collapse of the then highly valued Solana token.

District Judge Eric Komitee announced the sentence after hearing emotional testimonies from the victims and strong arguments from the prosecutors, who accused Karony of exploiting investors' trust while secretly diverting funds.

The court also scheduled a separate hearing on restitution and financial penalties for April 23.

Binance is making headlines on social media for various reasons. Among them, a report from Forbes revealed that the exchange and its users control the vast majority of USD1, a stablecoin issued by World Liberty Financial (WLFI).

With the WLFI venture linked to U.S. President Donald Trump and his family, the disclosure sparked debate about concentration risk, the exchange's influence, and the growing interplay between cryptocurrency markets and politics.

Binance's dominance of USD1 reignites debate on stablecoin centralization

Solana has been under strong pressure in recent sessions, retreating to levels not seen in nearly two years. The sharp decline occurred after a broader market weakness, pushing SOL well below previous support zones.

Despite the decline, initial signs of stabilization are beginning to emerge. Previous patterns suggest that Solana may be preparing for a recovery, which could eventually bring the price back to the US$ 100 range and possibly beyond that level.

Ethereum showed initial signs of recovery after a prolonged period of weakness, which led to a significant drop in prices. ETH sought to stabilize near important support levels, but a more consistent rise depends on ongoing support from investors and overall market conditions.

At the moment, Ethereum seems to have at least one of these factors in its favor, keeping the expectation of recovery active.

Ethereum investors are changing positions

On-chain data indicates a significant change in investor behavior. The net position change indicator on exchanges, which tracks the flow of capital in and out of these platforms, turned negative for Ethereum. This shows that more ETH is being withdrawn from exchanges than deposited, a pattern generally related to accumulation, not distribution.

The Economic Development Commission of the Chamber of Deputies received yesterday (9) a report that could change Brazil's relationship with Bitcoin. The document proposes the creation of the Sovereign Strategic Reserve of Bitcoins (RESBit) and the end of taxes on gains from cryptocurrencies.

Deputy Luiz Gastão (PSD/CE) is the rapporteur for Bill 4.501/2024. He presented a substitute — a modified version of the original text — that profoundly alters the tax supervision of the crypto sector in the country.

The price of XRP rose more than 30% after recovering from the early February low, close to $1.12. This movement rekindled expectations of recovery and briefly pushed the coin into the $1.50 range. At first glance, the rise seemed positive. Momentum indicators improved. A breakout pattern began to form. Investors started discussing a possible trend reversal.

However, the blockchain data presents another scenario. Unlike a strong accumulation, on-chain metrics suggest that many investors took advantage of the recovery to close negative positions. Selling at a loss remains predominant. Various groups are still reducing exposure. This raises a central point: was the rise genuine demand or just liquidity exit for those who were trapped?

Billion-dollar liquidation events have ceased to be rare in the crypto markets. Although these crashes typically occur abruptly, on-chain data, leveraged positions, and technical signals often reveal signs of stress well before forced selling begins. This report examines whether reconstructing significant historical events can help anticipate liquidation cascades.

Continue reading to learn about warning signs and how to interpret them together. Throughout this content, two relevant events are analyzed: October 2025 (long liquidation cascade) and April 2025 (short squeeze), tracking the signs that preceded both. The analysis mainly focuses on specific metrics of Bitcoin, as it still accounts for almost 60% (59.21% at the time of this report) of the total market dominance.

Strategy, formerly MicroStrategy, has seen a significant appreciation in its stock since the beginning of February. After hitting a local low on February 5, the price of MSTR shares rose nearly 33% in just a few sessions. The movement followed both the recovery of Bitcoin and the renewed interest from large investors in the business model tied to Bitcoin, led by Michael Saylor.

This advance in Strategy's stock seems consistent at first glance. However, it is essential to analyze the context. The main question is whether this rally reflects lasting confidence in the long-term Bitcoin strategy adopted by Strategy or if it is just another fleeting wave driven by the sentiment of the crypto market.

Chiliz, a blockchain focused on sports and fan engagement, presented a roadmap in three phases detailing how it intends to expand Fan Tokens ahead of the FIFA World Cup 2026 in the United States.

The project announces a significant return to the North American market, bringing unprecedented releases of Fan Tokens related to national teams and an expansion in the use of blockchain technology. As detailed in the newly released 2030 manifesto, the strategy positions the year 2026 as the milestone when Chiliz will transition from testing models to executing them on a large scale.

The total market capitalization of cryptocurrencies (TOTAL) and Bitcoin (BTC) remains stable, resisting volatility. The market appears to show a downward movement, with altcoins like Midnight (NIGHT) experiencing declines.

In today's news:

Chiliz unveiled a three-phase plan to expand Fan Tokens ahead of the FIFA World Cup in 2026, marking a significant return to the American market. The plan, detailed in its manifesto for 2030, positions 2026 as a transition year from experimentation to large-scale adoption of Fan Tokens linked to national teams.

Bitcoin attempted to recover in recent sessions, but the upward momentum has lost strength as the market awaits clearer direction. The price remains sideways after a significant correction, which frustrates short-term investors.

Despite this pause, historical indicators suggest that a bottom may be forming. Previous cycles show that similar conditions often precede new phases of recovery.

Bitcoin's profitable supply reaches 2022 level

The recent drop in Bitcoin generated a signal seen for the last time during the bear market of 2022. The percentage of supply in profit has fallen to around 50%, indicating that half of all BTC in circulation is below the purchase price. Historically, this mark tends to signal market bottoms, not prolonged selling movements.

The executive will lead the company's growth strategy in the country, focusing on institutional payments via stablecoins. Bitso, a digital financial services company in Latin America, has appointed Nicolás Alonso as country manager of its Brazilian operation.

The change reinforces the company's bet on Brazil as a priority market for global payments and institutional use of stablecoins, cryptocurrencies linked to traditional currencies like the dollar.

Focus on infrastructure for companies

Nicolás Alonso will lead the expansion of Bitso Business, a platform aimed at international corporate payments. The executive will also maintain Bitso's position among the leading cryptocurrency exchanges in the country.

The American currency closed today (9) down 0.62%, quoted at R$ 5.1878. It is the lowest level of the year and the lowest point since May 2024. The Ibovespa, the main index of the Brazilian stock exchange, rose 0.87% on the day.

The dollar lost strength globally after news that Chinese regulators were instructing local banks to reduce exposure to Treasuries. Treasuries are U.S. government debt securities.

External pressure weakens the dollar

The Chinese guidance increased the perception that foreign investors were avoiding U.S. assets. This weakened the dollar against other currencies, including the Brazilian real.

While volatility persists in the market, some altcoins are showing signs of possible historical highs, even in the face of widespread uncertainty. Some remain close to their records, while others attract attention for showing favorable signs in on-chain data.

BeInCrypto analyzed three of these altcoins that have the potential to register new historical highs.

Canton (CC)

The CC is currently trading close to US$ 0.165 at the time of this report, about 18.25% below the historical high of US$ 0.195. Despite the negative scenario so far in the market, the altcoin shows relative resistance. Staying close to recent highs keeps the CC with the prospect of possible continuation of the movement if the environment stabilizes.

The recent decline in the cryptocurrency market has raised concerns among investors, especially retail ones, who feel the immediate impact of price corrections. But Guilherme Nazar, regional vice president of Binance for the Americas, argues that market capitalization and token prices alone do not reflect the real health of the crypto ecosystem.

Bitcoin appreciated 7 times in six years

To contextualize recent movements, Nazar highlights the growth of Bitcoin over the last six years. In February 2020, the cryptocurrency was priced at approximately US$ 9,600. In February 2026 (6), the price was around US$ 65,000 – an increase of nearly 7 times.

The price of Ethereum reached its projected drop target of around $1,800 in early February. The coin managed to fall to $1,740 before recovering. Since then, ETH has advanced nearly 23%, leading some traders to believe that the worst may be over.

However, pullbacks in downtrends often appear strong initially. The real question is whether this movement actually has consistent buyers. At the moment, charts, on-chain data, and technical metrics indicate that support remains weakened. Various warning signs continue to indicate the risk of further declines.

XRP has suffered a strong wave of sales recently, bringing the price close to the level of $1.00, the lowest value in almost 15 months. The drop shook market confidence and caused fear among short-term investors.

However, the token avoided a sharper drop at the last moment. The central question now is whether the selling pressure will intensify again or if there will be stabilization.

XRP investors display mixed signals

Large XRP investors resumed accumulation during the downturn. Wallets with balances between 100 million and 1 billion acquired more than 1.6 billion tokens in the last week. At current prices, this movement amounts to over $2.24 billion, signaling renewed interest from significant participants.

Crypto analyst Alex Krüger claims that most tokens failed by design, arguing that outdated regulations force projects to launch assets without enforceable rights.

His comments coincide with a significant increase in token failures in the crypto market. Since 2021, more than 13.4 million tokens have 'died'.

Why do so many altcoins fail in the current market?

According to a survey by CoinGecko, 53.2% of all cryptocurrencies listed on GeckoTerminal had already failed by the end of 2025. 11.6 million tokens collapsed in 2025, representing 86.3% of all failures recorded since 2021, indicating unprecedented acceleration.