Why Is Crypto Crashing in February 2026? China Slams the Door on Stablecoins and Galaxy Buys the Dip, but DeepSnitch AI is Still Gearing for 1000x Run in Q1 After Launch

China went to shut the door on yuan-pegged stablecoins, with the central bank and seven regulators issuing a joint ban on unapproved stablecoin and tokenised RWA issuance while steering activity toward the digital yuan. Days later, in early February, Galaxy Digital authorised a $200M share buyback after posting a $482M quarterly loss and seeing its