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On Sunday, BlockFills operator Reliz Ltd. and its three BFF entities filed voluntary Chapter 11 restructuring petitions in the U.S. Bankruptcy Court for the District of Delaware. Fancy way of saying, “We’re broke, but we’re trying to look classy about it.”
In their February 2026 manifesto, Stripe’s founders, Patrick and John Collison, ponder the harrowing intersection of AI and crypto, declaring that “agentic commerce” is the key to salvation. Yet, they admit the current state of crypto is akin to the internet of 1995-gloriously naive, yet brimming with potential. “Not a deal-breaker,” they say, “just a puzzle for the brave.”
Behold, the whales-those titanic leviathans of the crypto sea-have remained as stagnant as the waters of the Black Sea, their inaction a testament to their lack of resolve. For three weeks, they have loitered, their hoard of ADA tokens as unyielding as a Russian winter, refusing to stir the pot of recovery.
The Accusation, Served with a Dash of Vitriol
According to recent data, it appears the XRP Ledger is enjoying a veritable renaissance, processing almost 3 million transactions daily. One might say it’s the busiest time since the last time we all thought XRP was about to go to the moon-or perhaps just the nearest bar. The current levels of activity are indeed a far cry from the pedestrian figures we saw earlier in the cycle, particularly during those optimistic mid-2025 days when XRP was flirting with new all-time highs.
“Some lucky souls have already received their second migration – and, miracle of miracles, their referral bonuses are actually moving to the mainnet,” the team crowed.
While our trusty Bitcoin briefly rallied, clawing its way back above 1,000 exahash per second (EH/s)-the neat mathematical twin of 1 ZH/s, don’t you know-it’s since taken a bit of a header. The value of a single petahash of output is now a paltry $31.11, roughly 11.64% lower than it was 30 days ago on Feb. 15, 2026. Dash it all, that’s a bit of a blow!
For those not familiar, BIP-110 is a Bitcoin improvement proposal, put forward by a developer under the pseudonym Dathon Ohm in December 2025 with the goal to limit the volume of arbitrary data, images, and video that are being written into the blockchain through protocols such as Ordinals and Runes. One cannot help but observe that the blockchain, originally designed to be a simple ledger, has become something of a digital attic where people insist on storing everything except their common sense.
Bitcoin, that enigmatic specter, teeters on the precipice of its most glorious week since September 2025, a date that now feels like a distant epoch in the annals of financial absurdity. At $71,000, it dances above the abyss, its ascent a cruel joke played upon the fragile psyche of markets.
Bitcoin, in a move worthy of a Gatsby soirée, could one day reach a staggering $1 million per coin, assuming it nabs a respectable chunk of the global store-of-value market now hogged by gold and government bonds, claims Bitwise Asset Management’s CIO, Matt Hougan.
