Tokenized real-world assets added 13.5% in 30 days, led by increasing activity on Ethereum, Arbitrum and Solana, even as the broader crypto market lost $1 trillion in value.

Why , , , and Prices Dropped Today: Will Crypto Bounce Back? The crypto market is facing a tough day. Prices of major coins like , , , and have fallen sharply. Many investors are asking: why is this happening, […] The post Why Ethereum, XRP, Solana, and Dogecoin Prices Dropped Today: Will Crypto Bounce Back? appeared first on Blockmanity.

Harvard Management Company trimmed its Bitcoin ETF exposure while increasing its allocation to Ethereum in the fourth quarter of 2025.  This is according to its latest Form 13F filing, signaling aThe post Harvard rotates from Bitcoin to Ethereum ETFs in late-2025 rebalance appeared first on AMBCrypto.

• #bitcoin

AI's rapid evolution is reshaping software costs and market dynamics, impacting crypto and traditional investments alike. The post Jim Bianco: AI will surpass the internet’s impact, SaaS pricing models are under threat, and crypto is emerging as programmable money | Bankless appeared first on Crypto Briefing.

Risk curators are key to building trust and efficiency in the evolving DeFi landscape. The post Bhavin Vaid: Curation is vital for DeFi market efficiency, transparency issues breed distrust, and the integration of CeFi and DeFi is essential for future products | On The Brink with Castle Island appeared first on Crypto Briefing.

Cardano price was stuck in a tight range on Monday, mirroring the performance of other cryptocurrencies.

• #Cardano

Solana price has invalidated its recent breakout attempt after failing to hold above key resistance, confirming a bull trap and shifting the short-term market structure back into bearish.

"Are you actually prepared for the longest bear market in history," one analyst asked.

• #bitcoin

AI advancements are driving a new tech bull market, presenting unique investment opportunities ahead. The post Dan Ives: The tech sector is entering a new bull cycle driven by AI, why software is critical to this revolution, and how the US has regained tech leadership over China | The Pomp Podcast appeared first on Crypto Briefing.

Decentralized systems could reshape AI ownership and reward structures amid evolving crypto regulations The post Peter Van Valkenburgh: Crypto is perceived as unregulated online sports betting, Coin Center fights for developer rights, and the Blockchain Regulatory Certainty Act aims to clarify regulations | Unchained appeared first on Crypto Briefing.

DeFi vaults are set to revolutionize finance by 2026, attracting traditional asset managers and enhancing user experience. The post John Zettler: 2026 will be pivotal for DeFi vaults, the rise of multi-protocol solutions, and how liquidity ties to yield | Empire appeared first on Crypto Briefing.

Regulatory changes could double the market for digital assets, opening doors for institutional investment The post Mike Belshe: Regulatory clarity could double the digital asset market, why going public is essential for crypto integration, and the steep learning curve for traditional investors | Empire appeared first on Crypto Briefing.

Stablecoins are transforming cross-border payments by making transactions faster and cheaper than ever before. The post Mohamed Afifi: Stablecoins are revolutionizing cross-border payments, driving operational adoption, and addressing traditional finance’s core issues | Empire appeared first on Crypto Briefing.

Stablecoins are set to transform fundraising and transactions, challenging traditional financial systems. The post Charles Yoo-Naut: Stablecoins are revolutionizing fundraising and transactions, the critical role of Visa partnerships, and overcoming underbanked challenges in crypto | Empire appeared first on Crypto Briefing.

Bitcoin's unique downturn highlights a shift in investor sentiment amid broader market uncertainty. The post Joshua Lim: Crypto prices are driven by risk assets, Bitcoin’s divergence from gold causes instability, and quantum computing poses a challenge for institutional investment | Unchained appeared first on Crypto Briefing.

• #bitcoin

Regulatory clarity could pave the way for a new era of growth in the crypto industry. The post Edward Woodford: The crypto market structure bill is vital for stability, regulatory clarity is crucial by February, and stablecoins could disrupt traditional banks | Unchained appeared first on Crypto Briefing.

AI's rapid rise poses both opportunities and risks, reshaping jobs and the global economy. The post Michael Casey: AI is creating a dual landscape of excitement and caution, the emergence of ‘proof of control’ technology, and the profound impact on job markets | Unchained appeared first on Crypto Briefing.

New Ethereum standard empowers AI agents with trust and reputation for safer transactions The post Davide Crapis: ERC 8004 enables trustless AI interactions, establishes vital reputation registries, and shapes the future of decentralized commerce | Unchained appeared first on Crypto Briefing.

The convergence of AI, energy, and capital could redefine the future of capitalism. The post Josh Kale: The future of capitalism hinges on intelligence, energy, capital, and labor, how AI will flatten hierarchies, and why Euphoria is revolutionizing trading | Bankless appeared first on Crypto Briefing.

Bearish trends persist as Bitcoin's fair value targets shift amid changing economic policies. The post Michael Nadeau: Bearish market conditions persist, Bitcoin’s fair value is $65,000, and long-term holders signal a potential bull cycle | Bankless appeared first on Crypto Briefing.

• #bitcoin

Ethereum's evolving roadmap may lead to higher transaction costs as activity shifts back to layer one. The post Lei Yang: MegaETH achieves 55,000 transactions per second, Ethereum’s scaling strategy pivots back to layer one, and the challenges of layer two security | Bankless appeared first on Crypto Briefing.

2025 could reshape the crypto landscape as traditional finance embraces blockchain technology The post Matthew Le Merle: 2025 will be a pivotal year for blockchain, US regulatory changes are reshaping the crypto landscape, and billions of digital wallets expected by 2026 | On The Brink with Castle Island appeared first on Crypto Briefing.

Crypto lending markets are adapting to fill the gaps left by failed centralized platforms. The post Wyatt: Crypto lending markets are uniquely sustainable, the decline of centralized platforms fuels DeFi growth, and the importance of stablecoins in lending | On The Brink with Castle Island appeared first on Crypto Briefing.

Market-neutral DeFi strategies are emerging as a safe haven amid crypto's volatility and risks. The post Evegny Gokhberg: Market neutral DeFi strategies are essential for volatility, why diversification isn’t enough to manage risks, and the future of capital in DeFi | Raoul Pal: The Journey Man appeared first on Crypto Briefing.

AI's rise could reshape job markets and military strategies in a new economic landscape. The post Alex Gurevich: US fixed income market reveals economic trends, yield curve dynamics signal easing cycles, and AI threatens job opportunities | Macro Voices appeared first on Crypto Briefing.

New CFTC regulations could reshape prediction markets and boost investor confidence in crypto The post Michael Selig: Prediction markets are reshaping pop culture engagement, the CFTC’s pivotal role in regulation, and insider trading complexities in commodities | Odd Lots appeared first on Crypto Briefing.

Rising inflation and youth unemployment highlight the ongoing economic challenges facing the post-COVID recovery. The post Adam Posen: Inflation expected to hit 4% by year-end, youth unemployment rising due to post-COVID mismatches, and tariffs’ delayed impact on economic pressures | Odd Lots appeared first on Crypto Briefing.

AI agents are set to revolutionize programming, but security risks demand new strategies for developers. The post Peter Steinberger: OpenClaw marks the shift to agentic AI, security risks of system-level access, and the need for AI in customer service | Lex Fridman Podcast appeared first on Crypto Briefing.

Rising inflation and political pressures could reshape investment strategies in the coming years. The post Vincent Deluard: Inflationary pressures mirror the late 90s, the gig economy’s tax impact is significant, and stocks may thrive amid fiscal stimulus | Forward Guidance appeared first on Crypto Briefing.

Unchecked AI development could lead to human extinction, highlighting urgent need for regulation and awareness. The post Andrea Miotti: The risk of human extinction from uncontrolled AI is imminent, why superintelligence must be banned, and the urgent need for regulation | The Peter McCormack Show appeared first on Crypto Briefing.

Clearer crypto regulations could pave the way for institutional investment and innovation in digital finance. The post Chris Giancarlo: Political processes are reshaping crypto regulation, traditional finance needs clarity urgently, and prediction markets will transform decision-making | The Pomp Podcast appeared first on Crypto Briefing.

Public bitcoin miners are pivoting to AI and high-performance computing amid shifting energy landscapes. The post Fred Thiel: AI’s urgent energy demands reshape bitcoin mining, international markets offer new opportunities, and modular data centers drive efficiency | The Pomp Podcast appeared first on Crypto Briefing.

• #bitcoin

Resilience and innovation are key as Binance's founder charts a new path in the evolving crypto landscape. The post CZ: Optimizing trading software boosts efficiency, FPGAs outperform custom silicon in trading, and the Bitcoin white paper’s clarity drives adoption | All-In with Chamath, Jason, Sacks & Friedberg appeared first on Crypto Briefing.

• #bitcoin

LayerZero's breakthrough could redefine blockchain efficiency and scalability for future systems. The post Bryan Pellegrino: Blockchain scalability is hindered by storage layers, LayerZero achieves 3 million updates per second, and the trade-off between centralization and decentralization | Unchained appeared first on Crypto Briefing.

Recent market shifts reveal how traditional finance is reshaping Bitcoin's role in global markets. The post Parker White: Bitcoin’s price drop linked to derivatives growth, stress in the IBIT options market, and the hybrid nature of crypto funds | Unchained appeared first on Crypto Briefing.

• #bitcoin

Quantum computing could soon threaten the security of all crypto, demanding urgent industry action. The post Justin Drake: Quantum computing could break cryptographic keys in minutes, three cryptographic components at risk, and the systemic threat to all blockchains | Unchained appeared first on Crypto Briefing.

User-friendly blockchain applications are key to driving mainstream adoption and long-term growth. The post Namik Muduroglu: Blockchain teams must engage with the application layer, real-time chain technology is a game-changer for Ethereum, and long-term strategies are vital for ecosystem sustainability | Unchained appeared first on Crypto Briefing.

Robinhood's new main net aims to revolutionize trading with instant settlements and tokenized assets. The post Johann Kerbrat: Blockchain can revolutionize finance with 24/7 trading, Robinhood’s open developer ecosystem fosters innovation, and BRX bridges DeFi with institutional tokenization | Bankless appeared first on Crypto Briefing.

Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its existing Grayscale Aave Trust into a spot exchange-traded fund (ETF) that would directly hold AAVE tokens. Grayscale Joins Race for Aave ETF With Direct Token Strategy According to the filing, submitted Feb. 13, 2026, the proposed fund would be named […]

Modern Monetary Theory (MMT) can be misleading by presenting technically true statements that are economically flawed. Argentina's anti-business policies have created a negative perception that deters investment. Inviting competition can benefit consumers and stimulate the economy by lowering pri... The post Emmanuel Maggiori: MMT misleads while Argentina’s policies stifle growth | The Peter McCormack Show appeared first on Crypto Briefing.

Crypto analyst Dom has noted that liquidity for XRP in the spot market is currently thin, suggesting that any significant price movement is leverage-driven. His analysis comes just as the altcoin recovered, alongside the broader crypto market. XRP’s Spot Liquidity Crashes Even as Price Recovers  In an X post, Dom stated that XRP’s liquidity has […]

The clock is ticking on the most explosive launch of 2026! While Cardano price prediction models show ADA holding steady and Hyperliquid price trends face a critical test, BlockDAG is currently shattering records. The BlockDAG Mainnet is officially live, proving its power with a blistering 5,000 TPS, which is 500x faster than Ethereum! The wait is [...] The post BlockDAG Mainnet vs. The Market: Outpacing Cardano & Hyperliquid with 5,000 TPS Speed appeared first on Blockonomi.

• #Cardano

Amid heightened activity on Upbit and Bithumb, XRP recorded close to $1 billion in 24-hour trading volume. Notably, this turnover surpassed both Bitcoin and Ethereum within local markets. In doing soThe post $1T XRP trades on Upbit – Are Korean traders ignoring Bitcoin, Ethereum? appeared first on AMBCrypto.

• #bitcoin

Bitcoin miners are pivoting to AI as profitability declines, reshaping the future of the crypto landscape. The post Zach Pandl: Bitcoin miners pivoting to AI workloads, facing financial stress from declining hash prices, and co-location leases easing capital expenditures | Unchained appeared first on Crypto Briefing.

• #bitcoin

Bitcoin Magazine Payjoin Foundation Gains 501(c)(3) Status, Enabling Tax-Deductible Donations for Bitcoin Privacy Development Payjoin Foundation, the nonprofit behind the Payjoin Dev Kit, has secured 501(c)(3) status from the IRS, making U.S. donations tax-deductible and accelerating development of privacy-enhancing Bitcoin protocols. This post Payjoin Foundation Gains 501(c)(3) Status, Enabling Tax-Deductible Donations for Bitcoin Privacy Development first appeared on Bitcoin Magazine and is written by Juan Galt.

• #bitcoin

More online businesses are integrating cryptocurrency into their payment systems. This trend is especially noticeable among companies serving customers in multiple regions. For them, it’s a useful addition to their existing payment methods. To take crypto payments, a business needs a solid payment gateway to process them smoothly. This guide explains how to begin clearly […]

New York, USA, 16th February 2026, Chainwire

Ethereum price was stuck below the important support of $2,000 today, February 16, as it erased the gains made during the weekend. Ethereum (ETH) token was trading at $1,980, down substantially from its all-time high of $4,960. Technical analysis suggests…

This on-chain metric turning negative has repeatedly meant seller exhaustion and the transition from bear markets to bull cycles.

• #bitcoin

What is XRP and Why Does It Matter? XRP is the native token of the Ripple network. It aims to make cross-border payments faster and cheaper than old systems like SWIFT. In a crypto world full of hype coins, XRP […] The post XRP 2029 Outlook: Will Ripple’s Token Surge or Struggle in the Next 5 Years? appeared first on Blockmanity.

WLFI price is holding firm above the $0.10 support level as oversold indicators begin to unwind, increasing the probability of a relief bounce toward $0.13.

Nexo reenters the US market through regulated partnerships, with Bakkt providing trading infrastructure for its crypto services. The post Nexo reenters US market with Bakkt after 2022 regulatory exit appeared first on Crypto Briefing.

South Korea’s regulators are deploying AI systems to monitor crypto trading, flag manipulation and strengthen digital asset enforcement.

Bitcoin Magazine Trump Family-Backed American Bitcoin Keeps Stacking Bitcoin, Holdings Pass 6,000 BTC American Bitcoin (ABTC) has pushed its Bitcoin reserves past 6,000 BTC. This post Trump Family-Backed American Bitcoin Keeps Stacking Bitcoin, Holdings Pass 6,000 BTC first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

• #bitcoin

Long-term economic policies often have delayed effects that are not visible in short-term analyses. Certain economic policies are implemented for reasons beyond driving economic growth. The lack of comprehensive public sector data is hindering effective economic decision-making. The post Martha Gimbel: Delayed economic policies demand long-term thinking | Macro Musings appeared first on Crypto Briefing.

Crypto exchange-traded funds (ETFs) delivered a divided performance from Feb. 9–13, with bitcoin and ether recording heavy net outflows while XRP and solana posted gains. The week pointed to a growing divergence in investor positioning across digital asset funds. ETF Divide Deepens as Altcoins Defy Bitcoin Weakness The second full week of February unfolded like […]

• #bitcoin

Wietse Wind issues an urgent security briefing on a massive XRPL scam campaign in February 2026. Learn the six specific phishing vectors targeting XRP holders and how to secure your coins today.

Gravestone doji candlestick pattern spotted on XRP charts, with potential implications for its price trend.

March is set to be the largest token unlock month of 2026, with more than $6 billion in crypto assets scheduled to enter circulation.  The scale of upcoming unlocks marks a sharp increase from priThe post March token unlocks to hit $6B, with WhiteBIT driving majority of supply increase appeared first on AMBCrypto.

Key Highlights Strategy’s Michael Saylor stated that if the world order is really failing, people should own the…

• #bitcoin

Tron is now the largest layer-1 chain in terms of transaction fee revenue.

Standard Chartered cuts its XRP price target by 65%, citing market challenges and broader macroeconomic pressures in the crypto space. The post Standard Chartered slashes XRP year-end target to $2.80 appeared first on Crypto Briefing.

Most crucial support level for Cardano revealed amid market uncertainty.

• #Cardano

Ethereum’s exchange supply has steadily decreased as holders show limited willingness to sell, signaling a broader preference for long-term positioning rather than short-term liquidation. This shifThe post Ethereum supply hits 2017 lows – THESE 2 metrics suggest demand squeeze appeared first on AMBCrypto.

Financial markets are expected to experience a turbulent start in 2026 before turning positive. A significant market downturn is anticipated before a sharp recovery. Short to medium-term indicators suggest a high risk of market correction. The post Darius Dale: 2026 will start turbulent but end positively, high risk of short-term market correction, and monetary policy shifts to support risk assets | Macro Voices appeared first on Crypto Briefing.

2026 will mark the first time in 17 years the cryptocurrency has opened a calendar year with back-to-back losses in January and February.

• #bitcoin

Shiba Inu exchange flows are neutral, which creates a solid opportunity for the future of the asset.

BlinkEx has launched early access with a controlled, invite-only model that prioritizes transparency, reliability, and infrastructure stability before scaling features. #partnercontent

Kraken shifts 46 billion SHIB to hot storage to bolster liquidity as Shiba Inu eyes key resistance levels amid a recovering crypto market.

Why Stands Out as the to Buy With $100 Today Bitcoin gets all the headlines, but if you have just $100 to put into crypto right now, there is a smarter pick. Ethereum (ETH) has taken a hit lately. It […] The post Why Ethereum Stands Out as the Best Cryptocurrency to Buy With $100 Today appeared first on Blockmanity.

The venture ecosystem often overlooks local businesses, despite their substantial economic contributions. Many US dollars still settle on outdated software, creating challenges for modern banking. Traditional banking systems struggle with digital transformation due to their outdated design. The post Ben Metz: Outdated banking software hinders innovation | a16z Live appeared first on Crypto Briefing.

CryptoProcessing by CoinsPaid has published a case study detailing how Estonia-based proprietary trading firm PropShopTrader expanded globally by integrating crypto payments. The collaboration highlights how digital asset payments can reduce costs, lower chargeback risks, and improve conversion rates for online…

PIPPIN is now the 7th-largest meme coin.

XRP outpaces Bitcoin with $33.4 million in institutional inflows despite crypto ETP market outflows. Discover how regional demand in Europe is driving XRP's price resilience at the $1.40s.

• #bitcoin

XRP price has formed a potential failed auction at $1.58, signaling demand at range lows and increasing the probability of a recovery move toward $2.00 upside.

Bitcoin price retreated for the second consecutive day as investors booked profits after it crossed the important $70,000 resistance level following the encouraging U.S. inflation report.

• #bitcoin

On the 16th of February, Solana stood at a crossroads. At the time of writing, SOL traded in the $80–$90 range after steep year-to-date losses. However, beneath that visible weakness, the broaderThe post Solana’s RWA ecosystem hits $1.66B – Is this SOL’s turning point? appeared first on AMBCrypto.

On Monday, bitcoin is coasting along at $68,494 per unit as short sellers pile in at levels not seen since August 2024, setting up a high-stakes standoff in the derivatives market. Bitcoin Funding Rates Plunge — Echoes of 2024 Rally Setup Bitcoin is trading just above $68,000 on Feb. 16, after fluctuating between roughly $60,000 […]

• #bitcoin

Bitcoin may be approaching bearish territory as its adjusted Spent Output Profit Ratio (aSOPR) is seen retesting historic levels seen in past correction phases.

• #bitcoin

Harvard Management has reduced its BlackRock Bitcoin ETF by 21%. The company invested a portion of the fund…

• #bitcoin

Kevin Warsh's potential as Fed Chair is met with mixed opinions due to concerns about his past performance. Evaluating Kevin Warsh's track record as a Fed governor is crucial for assessing his suitability for leadership. The Fed's focus on inflation during the 2008 crisis was a misjudgment, refle... The post Skanda Amarnath: Kevin Warsh’s mixed reviews raise concerns, the Fed’s 2008 inflation focus was misguided, and political dynamics shape monetary policy | Odd Lots appeared first on Crypto Briefing.

Harvard has divested its Bitcoin holdings into Ethereum amid price sell-offs.

• #bitcoin

The crypto market continues to struggle with recovery as sustained capital outflows and persistent selling pressure weigh on sentiment. After months of volatility and declining liquidity, attempts to stabilize prices have repeatedly faced resistance, leaving investors cautious and positioning defensively. While corrective phases are common following strong rallies, recent price action reflects a more prolonged […]

Trouble's knocking on World Liberty Financial's doors. The Trump-backed crypto firm is now facing pressure from both the market and regulators! The daily chart for WLFI showed a drop The post WLFI plunges 25% as $500mln foreign deal sparks U.S. probe – What’s at stake? appeared first on AMBCrypto.

Layer two solutions are reshaping Ethereum's future by tackling scalability and transaction costs head-on. The post Brett DiNovi: Layer two solutions need strategic changes to enhance value, Ethereum’s fragmentation hinders scalability, and execution is now paramount in blockchain ecosystems | Empire appeared first on Crypto Briefing.

10,700 BTC in shorts were wiped out as price bounced, with Bitcoin awaiting next move on the markets.

Nexo exited the US in 2022, citing regulatory hostility toward the crypto industry from federal and state financial regulators.

KT DeFi is introducing a renewable-energy-powered cloud mining model designed to deliver more stable, transparent yields amid ongoing crypto market volatility. #partnercontent

Figure Technologies : Blockchain Fintech Giant Exposed by Phishing Attack In the fast-growing world of blockchain and fintech, security is key. But even big players can fall victim to hackers. Recently, Figure Technologies, a leading blockchain lending company, confirmed a […] The post Figure Technologies Data Breach: Blockchain Fintech Giant Exposed by Phishing Attack appeared first on Blockmanity.

Analyst warns Bitcoin could crash to $10K as macro stress and risk-asset unwinding signal a bursting crypto bubble if equities slide further.

• #bitcoin

Ray Dalio warns that the rules‑based order is now over, putting monetary debasement, dollar risk, and neutral, permissionless financial rails back at the center of the macro conversation.

• #bitcoin

Bitcoin Magazine Harvard Trims Bitcoin Position by 21% in Q4 Portfolio Shift Harvard trimmed its Bitcoin holdings by 21% in the fourth quarter while establishing its first-ever position in Ethereum. This post Harvard Trims Bitcoin Position by 21% in Q4 Portfolio Shift first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

• #bitcoin

Harvard Management Company reduced its bitcoin exchange-traded fund (ETF) holdings in Q4 while initiating an $86.8 million position in Blackrock’s Ishares Ether Trust, maintaining significant exposure to both leading cryptocurrencies. Ivy League Endowment Rebalances Into Ether ETF Harvard Management Company adjusted its crypto-linked portfolio in the fourth quarter, trimming its bitcoin exchange-traded fund (ETF) exposure […]

• #bitcoin

Public service provides a unique chance to make significant changes in healthcare. Pursuing projects without significant impact in healthcare is considered a waste of time. The current administration values expertise and independent communication of its goals. The post Mehmet Oz: Public service can drive transformative healthcare changes, the US pays significantly more for pharmaceuticals, and viewing healthcare as an investment boosts the economy | All-In appeared first on Crypto Briefing.

Metaplanet's chief executive officer brags about the company's impressive 2025 financial report.

• #bitcoin

Hyperliquid shocks crypto with $12B inflows - HYPE is up 25% this year! HYPE is one of 2026’s surprise winners with 25% gains despite recent drop Hyperliquid enters crypto’s elite tier with $12BThe post Hyperliquid shocks crypto with $12B inflows - HYPE is up 25% this year! appeared first on AMBCrypto.

Humanity Protocol [H] traded near $0.2206 on the 16th of February after surging roughly 12% in 24 hours, as trading volume climbed nearly 48% to about $112 million. Buyers returned aggressively, puThe post Humanity Protocol's 12% rally gains traction – THESE metrics hint at decisive move appeared first on AMBCrypto.

The drastic devaluation of celebrity NFTs highlights the volatility of speculative digital assets and underscores a shift towards utility-driven applications. The post Justin Bieber’s Bored Ape NFT drops 99% from $1.3M to $12K appeared first on Crypto Briefing.

TLDR NVIDIA commands 80% market share in AI chips with H100 and H200 GPUs setting industry standards for language model training Microsoft GitHub Copilot generates over $100 million annually while Azure AI services accelerate cloud revenue growth Alphabet’s Gemini AI models compete with GPT-4 using exclusive data from Search, YouTube, and Android platforms Palantir’s AIP [...] The post Best AI Stocks 2026: NVIDIA, Microsoft, Alphabet Top the List appeared first on Blockonomi.

Metaplanet records 738% YoY rise in revenue and 1,700% growth in operating profit. This growth is attributed to…