# From: Vanity Fair **Compiled by:** Moni, Odaily Planet Daily "I really can't hold on anymore." In early February this year, the Signal inbox of a major cryptocurrency market maker was flooded with dozens of messages like this. The crypto market plummeted another 15%—within just a few days, $400 billion in market value vanished into thin air. Over the previous four months, dragged down by Bitcoin, the total cryptocurrency market value crashed nearly 50%, with Ethereum and Solana both declining close to 60%. This collapse erased approximately $2 trillion in value, dragging the industry into a bear market, which the crypto community refers to as a "crypto winter"—a somewhat nerdy metaphor paying homage to that unsettling line from *Game of Thrones*: "Winter is coming." Project founders were thrown into a panic...

Author: 0xKira, Arkham Compiled by: Moni, Odaily Planet Daily Anatoly Yakovenko (@toly) is the creator of the Solana blockchain and has become a leading figure in the blockchain industry. He is also a well-known billionaire in the field. This article will explore his personal wealth. As one of the most influential figures in the cryptocurrency space, Anatoly Yakovenko founded one of the most widely used blockchain platforms, Solana. Based on available information, his personal holdings of tokens, and his equity stake in Solana Labs, it is estimated that his net worth in 2026 could range from $500 million to $1.2 billion. The wide range is mainly due to recent significant fluctuations in Solana's token price. Anato

Edited｜Odaily Planet Daily (@OdailyChina); Translator｜Moni After experiencing what can be called a "tormenting" Q4 of 2025, the cryptocurrency market finally shows signs of recovery in early 2026. To many people's surprise, it was not Bitcoin or Ethereum that ignited the crypto rally at the start of the new year, but Meme coins. After a period of calm holidays and sluggish market activity, Meme coins are making a strong comeback. Is the capital rotation cycle repeating? Honestly, this Meme coin rally is not surprising. By the end of 2025, market liquidity dried up, FUD sentiment spread, and retail investors' risk tolerance dropped to the lowest point of the year. Meme coin market capitalization fell over 65%, and on December 19, it even dropped to $35 billion, hitting a new annual low, with traders' risk tolerance decreasing. After Christmas, Bitcoin

Edited｜Odaily Planet Daily (@OdailyChina); Translator｜Moni After experiencing what can be called a "tormenting" Q4 of 2025, the cryptocurrency market finally shows signs of recovery in early 2026. To many people's surprise, it was not Bitcoin or Ethereum that ignited the crypto rally at the start of the new year, but Meme coins. After a period of calm holidays and sluggish market activity, Meme coins are making a strong comeback. Is the capital rotation cycle repeating? Honestly, this Meme coin rally is not surprising. By the end of 2025, market liquidity dried up, FUD sentiment spread, and retail investors' risk tolerance dropped to the lowest point of the year. Meme coin market capitalization fell over 65%, and on December 19, it even dropped to $35 billion, hitting a new annual low, with traders' risk tolerance decreasing. After Christmas, Bitcoin

null This article is from: Jeff Park, Bitwise Advisor Compiled by: Moni, Odaily Planet Daily In just six weeks, Bitcoin's market value has evaporated by $500 billion, with ETF fund outflows, Coinbase discounts, structured sell-offs, and poorly positioned long positions being liquidated, while there are no clear catalysts to stimulate a market rebound. Moreover, concerns about whale sell-offs, struggling market makers with significant losses, lack of defensive liquidity supply, and the survival threat posed by the quantum crisis continue to hinder Bitcoin's potential for a rapid recovery. However, throughout this decline, one question has persistently troubled the community: what has happened to Bitcoin's volatility? In fact, the volatility mechanism of Bitcoin has quietly undergone a transformation. Over the past two years, it has been widely believed that ETFs have "tamed" Bitcoin, suppressing its volatility.