Cango, a Bitcoin mining company, closed a $10.5M equity investment and expanded into additional financing worth $65M.
Overall, Bitcoin news was generally bearish as the coin could be exposed to a series of future losses.
The negative sentiment pushed many retail traders into DeepSnitch AIÂ in hopes of circumventing short-term price swings and potentially achieving a massive upside.
So far, the project raised $1.60M, proving that the community conviction is continuously increasing while the wider market declines.
Cango switches to AI.
On February 12, Cango, a Bitcoin mining company, closed a previously announced $10.5M equity investment from Enduring Wealth Capital Limited on Thursday and entered agreements for an additional $65M in equity financing from entities owned by chairman Xin Jin and director Chang-Wei Chiu.
The $10.5M was achieved with 7 million Class B shares at $1.50 each (20 votes per share), boosting Enduring Wealth’s voting power to 49.7% while keeping its economic ownership under 5%.
The $65M will be funded by 49 million Class A shares at $1.32 each (1 vote per share), subject to NYSE approval and expected to close this month. If completed, Chiu would hold 12% of shares (6.7% voting power), and Jin 4.7% shares (2.6% voting power).
The move follows Cango’s February 9 sale of 4.4K BTC for $305M to repay a Bitcoin-backed loan and cut leverage.
This marks another piece of bearish Bitcoin news as Cango is another mining company shifting focus toward AI and high-performance computing.
Coins to watch in 2026
1. DeepSnitch AI: Why are whales aping DSNT?
With Bitcoin news only increasing the fear and BTC volatility off the charts, many traders are looking elsewhere. Presales, for instance, are receiving massive attention as traders hope a later release will help them unlock gains when the tension eases off.
DeepSnitch AI is thriving in the uncertain landscape, raising over $1.60M as major coins lose crucial support levels.
There are plenty of things the project’s growing community is excited for: 100x upside potential, the $0.03985 entry, and, most importantly, the usability itself.
By deploying five AI agents in a single intelligence layer, DeepSnitch AI provides daily traders with a wide toolset that makes trading not only safer but also more consistent.
You can scan tokens for their breakout potential and risks, including rugs, liquidity traps, and honeypots. You can also track whale wallets and relax while the AI agents warn you of imminent sentiment shifts and early FUD – all through an LLM interface that only requires you to input the token’s CA.
Traders eagerly await DeepSnitch AI’s launch (the development is in its final stages, with most agents already deployed), as whales increase their allocations to unlock a 300% exclusive bonus.
2. Bitcoin: Can institutional flows save BTC?
On February 12, BTC fell to $66K, according to CoinMarketCap.
The Bitcoin news is nothing to write home about, and with the Bitcoin market recap pointing to the market capitalization dropping by 2%, traders are understandably fearful.
Institutional flows are also dropping, with BTC ETFs logging $405M in outflows on February 11 after three days in the green.
If Bitcoin doesn’t regain the $67K level soon, there’s a strong possibility that it could decline to $62K, followed by $60K. In case buyers don’t show up, Bitcoin may end up hitting $52.5K.
However, recovery above the $72.2K resistance (bolstered by bullish Bitcoin news and recovered flows)Â could open the push to $76K with a sustainable recovery to as high as $85K.
3. BNB: Is BNB breaking out?
According to CoinMarketCap, BNB traded at around $612 on February 12.
If BNB continues pushing, there’s a chance at reversal. In fact, BNB could target $669 if buyers double down on purchases. Conquering this target, the 20-day EMA at $730 could come down next.
Yet, if the Bitcoin news and the overall sentiment fall deeper into fear, BNB could close below the $600 psychological level, leading to a retest of $570.
Final words: Make the switch
The Q1 was catastrophic so far for the majority of established coins. Thus, many traders are already cutting their losses and are choosing to bet on a higher upside.
DeepSnitch AI and other early-stage presales are a popular choice, as any negative Bitcoin news can’t do anything to your bag.
While the 100x potential gains are certainly a massive draw, DeepSnitch AI’s utility is another reason why many traders are diving deep into the presale, as the tools are quite useful to survive as a trader during bearish times.
The hype is reaching a boiling point as the DSNTVIP300 code that unlocks 300% extra on $30K+ ($90K of additional value) is inspiring whales to join the ranks.
Make the switch – secure your spot in the DeepSnitch AI presale. Follow X or Telegram for fresh community updates.
FAQs
1. What are the latest Bitcoin news highlights?
Bitcoin declined to $66K on February 12, with spot BTC ETFs logging $405M outflows on February 11. Cango sold 4.4K BTC to repay loans and announced $75.5M equity financing while pivoting toward AI and high-performance computing.
2. Why is DeepSnitch AI gaining massive traction right now?
DeepSnitch AI raised over $1.60M at $0.03985 despite bearish Bitcoin news, powered by five AI agents for instant contract audits, risk scoring, rug/honeypot/liquidity trap detection, breakout spotting, and predictive FUD/sentiment alerts, all of which fuel strong 100x projections.
3. How do the DeepSnitch AI presale bonuses work?
Exclusive codes unlock huge value: DSNTVIP300 delivers 300% extra tokens on $30K+ investments ($90K worth at current pricing). Smaller tiers provide proportional bonuses, attracting both retail traders and whales during volatile periods.
