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Arizona Makes a Crypto Move: Bill Including XRP and BTC Overcomes First Hurdle

<p class="text-left mb-4 ">Arizona has taken a significant step towards integrating digital assets into the public treasury. The Arizona Senate Finance Committee approved Bill SB1649, known as the <a href="https://legiscan.com/AZ/supplement/SB1649/id/668228" target="_blank" rel="noreferrer" class="text-primary underline">"Digital Asset Reserve Fund Bill,"</a> by a 4-2 vote, moving it to the next stage. The bill will now go to the Senate Rules Committee and continue its legislative process.</p><p class="text-left mb-4 ">SB1649 envisions the establishment of a "Digital Asset Strategic Reserve Fund" to be managed by the state. This fund aims to hold certain crypto assets that come into the possession of Arizona authorities under a structured reserve system. Specifically, it is planned that digital assets that are seized, confiscated, or voluntarily transferred to the state will be collected under this new fund.</p><p class="text-left mb-4 ">The bill provides a clear framework for how digital assets will be stored and managed under state control. In this respect, Arizona is working on a model that shows that crypto assets can be addressed not only from the perspective of the private sector or individual investors, but also from a public finance perspective. </p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-02-18-170321-60af1c0a.webp" alt="Ekran görüntüsü 2026-02-18 170321.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">XRP Explicitly Defined as a Reserve Asset</h2><p class="text-left mb-4 ">One of the most striking elements of SB1649 is the explicit inclusion of <a href="https://jrkripto.com/tr/coin/xrp" target="_blank" rel="noreferrer" class="text-primary underline">XRP </a>among the eligible assets for the reserve. The bill clearly states that XRP and other eligible digital instruments can be held within the reserve in cases of state seizure or voluntary takeover.</p><p class="text-left mb-4 ">This explicit reference has symbolic significance in the crypto market, particularly for XRP. The mention of a specific token by name in a state-level legal document is considered a significant sign of institutional and public acceptance of digital assets.</p><p class="text-left mb-4 ">However, the bill focuses on how to manage assets already under state control, rather than initiating a new investment program. In other words, it aims not for Arizona to directly purchase crypto from the market, but rather to hold existing and future digital assets within an institutional framework.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Custody and Management Framework Defined</h2><p class="text-left mb-4 ">According to the bill, the management of the reserve fund will be given to the Arizona State Treasurer. The Treasurer will be responsible for the secure custody of digital assets and the management of the portfolio. However, this authority is not unlimited; There is a requirement to comply with a defined custody plan and regulated oversight solutions. The text states that tools such as regulated custody services and exchange-traded products can be used. Thus, the aim is to ensure the security of digital assets through regulated solutions. Not leaving control entirely to private platforms is a key element in terms of protecting public oversight.</p><p class="text-left mb-4 ">The bill does not directly replace Arizona's existing "Revised Uniform Fiduciary Access to Digital Assets Act." Instead, it establishes a complementary structure for how digital assets held by public institutions will be stored.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The process will continue in the Senate and the House of Representatives</h2><p class="text-left mb-4 ">SB1649, which passed the Finance Committee with a 4-2 vote, will now be considered in the Senate plenary session. If it receives majority support there, it will be sent to the Arizona House of Representatives. Amendments to the bill may be proposed during the House stage.</p><p class="text-left mb-4 ">If the bill is enacted in its current form, Arizona could become one of the first US states to create a special reserve structure for seized or acquired crypto assets. The explicit designation of XRP as a reserve asset is seen as a development that could open this model up to debate on a national scale.</p>

18 Feb 2026

Crypto-Backed Mortgage Volume in the US Exceeds $100 Million

<p class="text-left mb-4 ">Owning a home without selling crypto assets is no longer just a theoretical idea. Milo, a US-based crypto-backed mortgage company, announced it has disbursed over $100 million in home loans to date, with its largest transaction being a single $12 million crypto mortgage agreement. The company's model is simple but unconventional. Investors who own Bitcoin or Ethereum can obtain loans of up to $25 million by using their digital assets as collateral without selling them. This eliminates the need for a down payment and avoids the tax burden that could arise from selling assets. According to Milo's founder, Josip Rupena, the target audience is quite clear. These are individuals who bought <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>about 10 years ago on a friend's recommendation and held onto their assets despite sharp fluctuations; today, they hold a significant portion of their net worth in crypto assets. These individuals are typically between 30 and 55 years old, have a regular income and a retirement account, but their annual income is not sufficient to purchase their desired home. Rupena notes that a typical transaction is for a home worth approximately $1.5 million. For example, consider an investor who earns $100,000 annually but has between $3 and $7 million in crypto assets. If this investor's portfolio consisted of Apple shares, it might be easier for them to obtain a loan by using collateral within the traditional financial system. However, the lack of widespread acceptance of crypto assets and concerns about volatility make these kinds of specialized financing solutions necessary.</p><p class="text-left mb-4 ">Milo requires crypto collateral up to 100% of the property's value. This collateral can be held in qualified custodians such as Coinbase or BitGo. A self-custody option is also available for users who wish; that is, investors can keep complete control of their assets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Interest rates start at 8.25%, and it can be used for purposes other than housing</h2><p class="text-left mb-4 ">Loans are offered with interest rates starting at 8.25%. Moreover, its use is not limited only to housing purchases. Financing can also be provided for land acquisition, home renovations, or business investments using the same model.</p><p class="text-left mb-4 ">One of the biggest risks in the crypto loan market is the "margin call" mechanism. In traditional crypto-backed loans, additional collateral can be called when the asset price falls by 20–25%. Milo, however, says he has designed a more conservative structure. The product is designed to tolerate value losses of up to 65%. According to Rupena, in a sharp decline scenario, instead of completely liquidating the loan, the company restructures the loan amount by reducing the risk level. The collateral ratio is reduced from 100% to the 65–70% range, and the customer does not lose their home as long as they continue making payments. This approach is based on the claim, "You don't lose your house just because Bitcoin falls." The company has completed many transactions so far, particularly in Miami and throughout Florida. It is also active in Texas, California, Colorado, Connecticut, and Arizona. The record-breaking $12 million transaction mentioned in the press release was completed in Tennessee. Milo's product is also supported by leading figures in the industry. Adam Back, a Bitcoin pioneer and CEO of Blockstream, describes this model as "a game-changer in the Bitcoin-based lending space." According to Back, investors have the opportunity to accumulate equity in real estate without liquidating their long-term Bitcoin positions. Given the volatile nature of the crypto market, this model continues to carry risks.</p>

18 Feb 2026

Grayscale's SUI Staking ETF opens for trading tomorrow

<p class="text-left mb-4 ">Crypto asset manager Grayscale Investments has launched a new exchange-traded product (ETF) focused on the Sui ecosystem. The Grayscale Sui Staking ETF, ticker symbol “GSUI,” will begin trading on the NYSE Arca tomorrow. The fund offers investors direct exposure to the SUI token price while also providing the opportunity to earn staking returns. GSUI differs from classic spot crypto ETFs in that it not only holds SUI tokens but also aims to generate additional income by staking these assets on the Sui network. This allows investors to benefit from staking rewards stemming from both price increases and the network verification process. The ETF has a management fee of 0.35%, but it has been announced that this fee will be waived for the first three months or until the fund size reaches $1 billion. This move aims to attract institutional investors and individual investors looking for early positions. The fund also features notable collaborations on its operational side. While custody and prime broker services are provided by Coinbase, Bank of New York Mellon handles administrative and transfer services. Liquidity is expected to be supported by major market makers such as Jane Street and Virtu. This structure allows GSUI to operate integrated with traditional financial infrastructure. Grayscale stated that the fund is not registered under the Investment Corporation Act 1940 and therefore is not subject to the same regulatory framework as classic ETFs. The company specifically noted that the investment carries significant risks, is susceptible to high volatility, and could result in the loss of the entire principal. It was also emphasized that GSUI does not directly represent an investment in SUI tokens.</p><p class="text-left mb-4 ">The staking-focused ETF model marks a new era in the crypto market. While Bitcoin and Ethereum spot ETFs have recently come to the forefront, products offering staking returns have remained limited. GSUI fills this gap, offering investors the potential for two-way returns. This creates a compelling alternative, particularly for investors seeking passive income.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What is the current price of SUI? </h2><p class="text-left mb-4 ">On the other hand, there is a development that could put pressure on the SUI price in the short term. Approximately 43.35 million SUI tokens will be unlocked on March 1, 2026. This process, known as token unlocking, can trigger selling pressure because it increases the circulating supply. It is known that similar unlocks in the past have been followed by price pullbacks.</p><p class="text-left mb-4 ">SUI's market capitalization is currently around $4 billion, and the token has experienced a significant loss in value over the past year. This indicates that investor sentiment remains cautious. In the next 30 days, it is expected that not only SUI but also a total of over $900 million worth of tokens from various projects will enter circulation. This development could affect overall liquidity in the altcoin market. The <a href="https://jrkripto.com/tr/coin/sui" target="_blank" rel="noreferrer" class="text-primary underline">SUI price </a>is currently trading between $0.9 and $1.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/suiusdt-2026-02-18-15-15-37-0f77ee76.webp" alt="SUIUSDT_2026-02-18_15-15-37.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">While Bitcoin dominance hovers around 58%, indicating a relatively balanced market, the increase in altcoin supply is being closely monitored. GSUI's initial trading volume and price performance will be crucial in measuring institutional demand for both SUI and staking-based ETFs.</p>

18 Feb 2026

Billionaire Peter Thiel Has Completely Exited His Ethereum Investment

<p class="text-left mb-4 ">Peter Thiel, acting alongside entities affiliated with technology investor Founders Fund, has divested his entire 7.5% stake in Ethereum treasury company ETHZilla. A 13G filing with the US Securities and Exchange Commission (SEC) formalized the divestment.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-02-18-115939-d0af478e.webp" alt="Ekran görüntüsü 2026-02-18 115939.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The news of the sale had a sharp impact on the share price before the market opened. ETHZilla shares fell approximately 7% to around $3 in pre-market trading. This represents a loss of about 97% compared to the peak of over $107 seen when the company announced its transition to a digital asset treasury model last August.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">From biotech to Ethereum treasury</h2><p class="text-left mb-4 ">The company restructured in August 2025, dropping the name 180 Life Sciences Corp. and becoming ETHZilla. At the same time, Thiel and affiliates, including Founders Fund Growth Management, acquired a 7.5% stake, a development that boosted the share price by more than 90% in a single session. ETHZilla officially launched its Ethereum treasury strategy on August 18, 2025, following a $565 million capital increase. The company positioned itself as an "Ethereum-focused accumulation vehicle," aiming to offer direct ETH exposure to public market investors and generate additional returns through staking. Over 60 investors, including Electric Capital, Polychain Capital, and GSR, participated in this funding round. However, a significant shift in the company's strategy has been observed in recent months. The rhetoric of accumulating ETH has given way to asset sales. In October, approximately $40 million worth of ETH was sold; this was reportedly used to finance a $250 million share buyback program approved by the board.</p><p class="text-left mb-4 ">In December, the company sold another 24,291 ETH to redeem its outstanding collateralized convertible bonds. The value of this sale at the time was $74.5 million. Thus, the company significantly reduced its Ether holdings in a short period. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Focus on RWA Tokenization</h2><p class="text-left mb-4 ">In a statement in December, ETHZilla management emphasized that the company's future value would be shaped by revenue and cash flow growth from its RWA (real-world asset) tokenization business. Several steps have been taken in this regard in recent weeks.</p><p class="text-left mb-4 ">On February 5th, the company purchased a portfolio of 95 prefabricated and modular housing loans for approximately $4.7 million. These assets are planned to be tokenized on an Ethereum Layer 2 protocol; the targeted annual yield rate is stated as 10.36 percent. In addition, the company purchased two CFM56-7B24 aircraft engines to be tokenized through the Liquidity.io platform. This platform operates as an alternative transaction system subject to SEC regulation.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Sixth Place in Ethereum Reservations</h2><p class="text-left mb-4 ">According to current data, ETHZilla ranks sixth among institutional Ethereum holders. The company holds 69,802 ETH; the current market value of this amount is approximately $139 million. Bitmine Immersion Technologies, a sector leader, holds 4,371,497 ETH, representing approximately $8.7 billion. In total, the top 10 <a href="https://jrkripto.com/tr/coin/eth" target="_blank" rel="noreferrer" class="text-primary underline">Ethereum </a>treasury companies hold 6,101,560 ETH, corresponding to a market capitalization exceeding $12 billion. Peter Thiel's complete departure coincides with a period where confidence in ETHZilla's Ethereum-focused treasury model is being questioned. The company's new focus on RWA tokenization appears likely to be a key factor in investors' performance expectations in the coming period.</p>

18 Feb 2026

Bitmine Acquired Another 45,000 ETH: Total Assets Reached 4.37 Million

<p class="text-left mb-4 ">Bitmine Immersion Technologies, Inc. announced that its total crypto assets, including cash reserves and "moonshot" investments, have reached a size of $9.6 billion. The company's balance sheet includes 4.37 million Ethereum (ETH), 193 Bitcoin (BTC), $670 million in cash, and various strategic investments. As of February 17, 2026, the 4,371,497 ETH held by the company is calculated at a unit price of $1.998, and the total value of these assets corresponds to approximately $8.7 billion. The amount of ETH held by Bitmine corresponds to 3.62% of the total circulating supply. The company has completed 72% of its strategic goal, which it calls "the alchemy of 5%," in just 7 months. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Over 3 million ETH staked</h2><p class="text-left mb-4 ">Bitmine's total staked ETH has reached 3,040,483. This figure represents a value of approximately $6.1 billion at the current price. According to company management, the annualized staking revenue from these staked assets is at the level of $176 million. The company's 7-day annualized return rate on staking operations was announced as 2.89%. The CESR (Composite Ethereum Staking Rate), which is considered a benchmark in the market, is at 2.84%. Bitmine aims to expand its staking activities through the Made in America Validator Network (MAVAN) infrastructure, which it plans to launch in the first quarter of 2026. Chairman Thomas "Tom" Lee stated that the company is currently working with three different staking providers and that a "best-in-class" staking infrastructure will be created with the launch of MAVAN. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">"2026 will be a decisive year for Ethereum"</h2><p class="text-left mb-4 ">In his assessment after the Consensus event held in Hong Kong, Tom Lee stated that 2026 could be a turning point for Ethereum. According to Lee, three main long-term themes are strengthening Ethereum's use case.</p><p class="text-left mb-4 ">The first is Wall Street's shift towards Ethereum through tokenization and privacy solutions. The second is the use of Ethereum as a payment and verification infrastructure by artificial intelligence and autonomous agents. The third is content creators' preference for Ethereum Layer-2 solutions by adopting standards such as "proof of human."</p><p class="text-left mb-4 ">Lee stated that current investor sentiment is quite weak, reminiscent of the 2018 crypto winter and the 2022 lows. However, he emphasized that there will be no large-scale crashes similar to FTX in the 2025-2026 period. According to the company, the current weakness stems from a "mini-winter" period following the price shock on October 10th and the liquidation of leveraged positions.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">45,759 ETH Purchase in the Last Week</h2><p class="text-left mb-4 ">Bitmine announced that it purchased 45,759 ETH in just the last week. The company states that it is maintaining its long-term Ethereum strategy regardless of the price trend and considers pullbacks as opportunities. The company's total asset composition also includes a $200 million investment in Beast Industries and $17 million in Eightco Holdings shares. These items are described as "moonshot" investments.</p><p class="text-left mb-4 ">Bitmine ranks first in the world in terms of Ethereum treasury and second among global crypto treasury companies. First place is held by Strategy Inc., which has approximately $49 billion in Bitcoin assets with 714,644 BTC.</p><p class="text-left mb-4 ">The company also stands out among the highest-volume shares on US exchanges. BMNR shares are the 158th most traded stock in the US with an average daily trading volume of $0.9 billion over the last five days.</p><p class="text-left mb-4 ">Strong support continues on the institutional side. Prominent names such as Cathie Wood, founder of ARK Invest, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital are among the company's investors.</p><p class="text-left mb-4 ">At the time of writing, the <a href="https://jrkripto.com/tr/coin/eth" target="_blank" rel="noreferrer" class="text-primary underline">ETH price</a> is trading at $1,992.42.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ethusdt-2026-02-17-17-00-56-daaa1181.webp" alt="ETHUSDT_2026-02-17_17-00-56.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p>

17 Feb 2026

Regulation, BTC, Altcoin

Arizona Makes a Crypto Move: Bill Including XRP and BTC Overcomes First Hurdleabout 7 hours ago

BTC, Altcoin

Crypto-Backed Mortgage Volume in the US Exceeds $100 Millionabout 8 hours ago

Altcoin

Grayscale's SUI Staking ETF opens for trading tomorrowabout 9 hours ago

ETH

Billionaire Peter Thiel Has Completely Exited His Ethereum Investmentabout 12 hours ago

ETH

Bitmine Acquired Another 45,000 ETH: Total Assets Reached 4.37 Million1 day ago

Regulation, BTC, Altcoin

Arizona Makes a Crypto Move: Bill Including XRP and BTC Overcomes First Hurdleabout 7 hours ago

BTC, Altcoin

Crypto-Backed Mortgage Volume in the US Exceeds $100 Millionabout 8 hours ago

Altcoin

Grayscale's SUI Staking ETF opens for trading tomorrowabout 9 hours ago

ETH

Billionaire Peter Thiel Has Completely Exited His Ethereum Investmentabout 12 hours ago

ETH

Bitmine Acquired Another 45,000 ETH: Total Assets Reached 4.37 Million1 day ago

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