The Daily: Peter Thiel and Founders Fund exit ETHZilla, K33 says bitcoin is approaching ‘late bear market territory,’ and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. ]]>

Bitcoin
Cryptocurrency
Regulations
Economy
Because Bitcoin
Because Bitcoin

Because Bitcoin

February 19, 2026

I don’t have the body of the article from that link. Please paste the full text (or detailed bullets) so I can deliver a precise rewrite. Helpful details:

- Founders Fund/Thiel x ETHZilla: investment size, timing of entry/exit, rationale, counterparties, any quotes. - K33’s bitcoin view: exact metrics cited (e.g., MVRV, SOPR, funding, open interest, term structure), price levels/timeframes, positioning guidance. - “And more” items: brief bullets with key data points.

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