GM. This is the Never Die Newsletter, where I share whatever crypto news and content I feel like, every week, short and sweet, right to your beautiful little inbox.
This week we have:
🎙️Hot Off the Mic: I Haven’t Given Up On Crypto
📰News: Bitcoin ETFs Bounce Back
🌟Narrative of the week: Robinhood Chain Testnet Goes Live
NEWS📰
📈 Bitcoin ETFs Bounce Back
Even though Bitcoin's price dropped 13%, investors poured $311 million back into Bitcoin ETFs this week, nearly erasing last week's losses.
🦄 BlackRock Brings $2.1B Fund to Uniswap
BlackRock is officially listing its $2.1 billion tokenized Treasury fund (BUIDL) on Uniswap, allowing institutions to trade the asset directly on a decentralized exchange for the first time. To cement this partnership, BlackRock is also purchasing an undisclosed amount of UNI tokens.
🥇 Tokenized Gold Hits $6B
The market for digital gold tokens has jumped 53% in less than two months, hitting a massive $6.1 billion. As the price of real gold soared to record highs of $5,600, investors are moving money out of crypto native products like Bitcoin and into tokenised commodities like Gold ($3.6B) and Pax Gold ($2.3B), which are backed by actual gold bars.
🛡️ Binance converts $1B to Bitcoin
Binance has finished turning its entire $1 billion emergency insurance fund (SAFU) into Bitcoin. They now hold about 15,000 BTC to protect users if things go wrong. This move comes while the market is in a state of extreme fear and lots of FUD concerning Binance’s solvency
⚖️ Paxful Fined $4M for Aiding Criminals
Paxful has been ordered to pay a $4 million fine after admitting it knowingly profited from criminals by ignoring anti money laundering rules. Prosecutors revealed that Paxful marketed itself as a no-questions-asked platform, processing over $3 billion in trades while helping facilitate illegal activities like fraud.
I Haven’t Given Up On Crypto
In this week’s video, I explain why my core thesis hasn’t changed. I cover why crypto moves in waves, why silent recessions set up recoveries, what would truly invalidate my view, and why froth seasons matter more than fearful ones.
Narrative of the Week: Robinhood Chain Testnet Goes Live
On February 11, 2026, the retail trading giant launched the public testnet for Robinhood Chain, an Ethereum Layer 2 built on Arbitrum. Here's what you need to know:
The Tech Stack: Built on Arbitrum, the chain is designed specifically for financial grade applications. The focus is strictly on Real World Assets (RWAs), 24/7 trading, and self-custody.
The Bad News: This launch comes just as Robinhood posted a brutal Q4 2025 earnings miss, with crypto revenue plummeting 38%.
The Incentive: To jumpstart the ecosystem, they’ve pledged $1 million to the Arbitrum Open House program, an incentive to drive developers to build on their regulated rails rather than other L2s.
By launching their own L2, Robinhood is attempting to capture the entire value stack settlement, custody, and execution. This is the Coinbase Base playbook but with a sharper focus on compliant, tokenized equities.
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