"PIPPIN" briefly pumped over 80%, some alts rose again today.

Galaxy CEO Mike Novogratz: The era of crypto speculation is over, and there are no longer excess returns

Galaxy Founder and CEO Mike Novogratz said at the CNBC Digital Finance Forum in New York on Tuesday that the era of speculation where investors expect outsized returns may be coming to an end as more risk-averse participants enter the crypto space. Bitcoin has fallen over 21% this year, dropping to $60,062 last week, a near 16-month low.

Galaxy CEO: Is the Crypto "Speculation Era" Coming to an End? Institutional Entry and the Rise of RWA Reshaping Market Logic

On February 11, it was reported that Galaxy CEO Mike Novogratz stated at the CNBC Digital Finance Forum in New York that as more institutional funds with lower risk appetite enter the market, the era of cryptocurrency relying on high-multiplier returns for "speculation" may be coming to an end, and the industry is evolving toward a more mature financial form. Mike Novogratz pointed out that retail investors entering the crypto market often seek returns of several times or even dozens of times, while institutional investors focus more on stability and risk control. This change in participant structure means that the potential for excess returns is being compressed. He reviewed the impact of the 2022 FTX collapse, when Bitcoin dropped about 78% from its high of $69,000, touching a low of $15,700, and the market was once plunged into a crisis of trust.

Tom Lee: If Ethereum reaches $1890 again, it will form a perfect bottom.

BitMine Chairman Tom Lee stated at the Consensus 2026 Conference that a reversal in Bitcoin requires gold to weaken and predicted it will happen this year. He analyzed Ethereum's historical rebound, believes it is currently near the bottom, and that investors should look for opportunities rather than sell off. He also emphasized that future driving forces include Wall Street rebuilding the financial system and AI applications.

Cryptocurrency mining machine Canaan's revenue hits a three-year high! However, the stock price plummets and faces delisting

Cryptocurrency mining hardware manufacturer Canaan's Q4 revenue surged 121% to $196.3 million, a three-year high, but the stock price fell 6.9% to $0.56. Bitcoin revenue increased by 98.5%, with reserves of 1,750 coins valued at $120 million. Hash rate delivery reached 14.6 EH/s, a new high. Nasdaq warned that the company must close 10 consecutive trading days at $1 or higher before July 13 to avoid delisting.

Don't guess randomly when bottoming out Bitcoin! "This indicator" has accurately identified the bottom of previous bear markets.

In the cryptocurrency market, the "Bitcoin Profit and Loss Supply" indicator is considered an important tool for determining the bottom of a bear market. When the supply of profitable and loss-making Bitcoin approaches or converges, it often signals that the market bottom has been formed. According to Glassnode data, currently about 11 million Bitcoins are in profit, and approximately 8.9 million are in loss. The gap between the two is narrowing, suggesting the market may be repeating historical bottoming scenarios. This indicator has historically accurately identified bear market bottoms and has become an important reference for investors.

Price predictions for top Layer 2s: Mantle, Arbitrum, Optimism

Layer 2 networks have become the focus of attention over the past week after Ethereum adjusted its development roadmap to focus on rollups, while also receiving candid remarks from co-founder Vitalik Buterin. These developments quickly sparked lively debates.