Cango, a Bitcoin mining firm, finalized a $10.5 million equity investment and expanded its financing with an additional $65 million.
Overall, Bitcoin-related news has been largely bearish, as the cryptocurrency may face a series of future losses.
The negative sentiment has pushed many retail traders into [activity] in hopes of bypassing short-term price swings and potentially attaining a substantial upside.
To date, the project has raised $1.60 million, demonstrating that community confidence is steadily growing even as the broader market experiences a downturn.
Cango shifts focus to AI.
On February 12, Cango, a Bitcoin mining company, secured an investment from Enduring Wealth Capital Limited on Thursday and entered into agreements for an additional $65 million in equity financing from entities owned by chairman Xin Jin and director Chang-Wei Chiu.
The $10.5 million was obtained through the sale of 7 million Class B shares priced at $1.50 each (20 votes per share), increasing Enduring Wealth’s voting power to 49.7% while keeping its economic ownership below 5%.
The $65 million will be funded by 49 million Class A shares at $1.32 each (1 vote per share), subject to NYSE approval and expected to conclude this month. If completed, Chiu would hold 12% of shares (6.7% voting power), and Jin 4.7% of shares (2.6% voting power).
This move follows Cango’s sale of 4.4K BTC for $305 million to repay a Bitcoin-backed loan and reduce leverage.
This adds to the bearish Bitcoin news, as Cango becomes another mining company redirecting focus toward AI and high-performance computing.
Coins to monitor in 2026
1. DeepSnitch AI: Why are whales investing in DSNT?
With Bitcoin news amplifying fear and BTC volatility reaching extreme levels, many traders are exploring alternative opportunities. Presales, for example, are gaining significant attention as traders hope a later launch will help them capture gains once market tension eases.
DeepSnitch AI is thriving amid this uncertainty, having raised over $1.60 million as major cryptocurrencies lose key support levels.
The project’s growing community is excited about several factors: a 100x upside potential, a $0.03985 entry price, and most notably, its practical utility.
By deploying five AI agents within a single intelligence layer, DeepSnitch AI equips daily traders with a comprehensive toolkit that enhances both trading safety and consistency.
Users can analyze tokens for breakout potential and risks, including rug pulls, liquidity traps, and honeypots. They can also track whale wallets and rely on AI agents to alert them to impending sentiment shifts and early FUD—all via an LLM interface that only requires inputting the token’s contract address.
Traders are eagerly anticipating [product]’s launch (development is in its final stages, with most agents already deployed), as whales increase their investments to access a 300% exclusive bonus.
2. Bitcoin: Can institutional inflows rescue BTC?
On February 12, BTC dropped to $66K, according to [source].
The Bitcoin news is underwhelming, and with the Bitcoin market summary indicating a 2% decline in market capitalization, traders are understandably anxious.
Institutional inflows are also weakening, with BTC ETFs recording [outflow amount] on February 11 after three days of positive flows.
If Bitcoin fails to reclaim the $67K level soon, it could potentially drop to $62K, followed by $60K. If buyers do not step in, Bitcoin may fall to $52.5K.
However, a recovery above the $72.2K resistance level (supported by bullish Bitcoin news and restored inflows) could drive a push to $76K, with a sustainable recovery potentially reaching as high as $85K.
3. BNB: Is BNB experiencing a breakout?
According to [source], BNB was trading around $612 on February 12.
If BNB continues its upward momentum, a reversal could be on the horizon. In fact, BNB might target $669 if buyers increase their purchases. Surpassing this target, the 20-day EMA at $730 could be the next milestone.
However, if Bitcoin news and overall sentiment deepen into fear, BNB could close below the $600 psychological level, leading to a retest of $570.
Final thoughts: Make the transition
Q1 has been disastrous for most established cryptocurrencies so far. As a result, many traders are cutting their losses and opting to bet on higher-upside opportunities.
DeepSnitch AI and other early-stage presales are popular choices, as negative Bitcoin news cannot impact these holdings.
While the 100x potential gains are a major draw, DeepSnitch AI’s utility is another key reason traders are heavily investing in the presale, as its tools are invaluable for surviving bearish market conditions.
The hype is reaching a peak, as the DSNTVIP300 code—offering 300% extra tokens on $30K+ investments ($90K in additional value)—is motivating whales to participate.
Make the transition—secure your position in the [presale]. Follow [social links] for the latest community updates.
FAQs
1. What are the key highlights in the latest Bitcoin news?
Bitcoin fell to $66K on February 12, with spot BTC ETFs seeing $405 million outflows on February 11. Cango sold 4.4K BTC to repay loans and announced $75.5 million in equity financing while shifting focus to AI and high-performance computing.
2. Why is DeepSnitch AI gaining significant momentum currently?
Despite bearish Bitcoin news, DeepSnitch AI has raised over $1.60 million at $0.03985. Its five AI agents enable instant contract audits, risk scoring, detection of rug pulls/honeypots/liquidity traps, breakout identification, and predictive FUD/sentiment alerts—all contributing to strong 100x growth projections.
3. How do the DeepSnitch AI presale bonuses function?
Exclusive codes provide substantial value: DSNTVIP300 grants 300% extra tokens on $30K+ investments ($90K worth at current prices). Smaller investment tiers offer proportional bonuses, attracting both retail traders and whales during volatile periods.
