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Major coins traded red on Thursday late evening, as the market capitalization dropped by 2.69% in the last 24 hours to $1.08 trillion. Cryptocurrency Gains (+/-) Price (Recorded 8 p.m. EST) Bitcoin -3.64% $23,736 Ethereum -1.88% $1,657 Dogecoin -3.76% $0.086

What Happened: The largest cryptocurrency by market value Bitcoin BTC/USD took a sharp turn Thursday, dropping from $25,000 to a low of $23,736.

Ethereum ETH/USD followed in similar footsteps to Bitcoin, experiencing a meteoric rise to surpass $1,700 for two consecutive days before experiencing a pullback. ETH was changing hands at $1,657 down 1.88% in the last 24 hours.

Dogecoin DOGE/USD was down 3.76% in the last 24 hours, trading at $0.086.

U.S. equity markets reacted negatively to the latest PPI data, with the tech-heavy Nasdaq Composite dropping by 1.78%, and the S&P 500 down by 1.38%.

See More: Best Crypto Day Trading Strategies

Bitcoin saw a surge in value on Thursday, but investors soon began to reconsider their decision in light of increasing concerns about inflation, and the Federal Reserve monetary policy.

In top news, a New York judge presiding over the criminal fraud case against Sam Bankman-Fried has issued a warning that he may revoke the bond if Bankman-Fried continues to defy his bail conditions. Decentralized finance (DeFi) protocol Platypus Finance was recently hit with a flash-loan attack, leading to a potential loss of $8.5 million.

Analyst Notes: A major move in Bitcoin is upon us. There has been a major wave of institutional money coming into the exchanges over the past week, $1.6 billion according to data from Lookonchain. A lot of that money is leaving stablecoins, including Circle-issued USD coin. The fate of stablecoins will be decided in the near future, but many are not expecting regulators to crush the entire space. Everyday that passes that we dont see Bitcoin break, sellers become less patient. Bitcoin is showing strong resilience given the broader weakness across most risky assets, said Edward Moya, senior market analyst at Oanda.

Crypto analyst Michal van de Poppe is predicting an exciting period ahead with plenty of volatility and gains to be had. He believes that the markets will consolidate for a short period of time, but that the period of March – June will be "a party".

Probably markets will consolidate for a bit, but March – June will be a party.

Enough volatility & enough gains to make. Michal van de Poppe (@CryptoMichNL) February 16, 2023

According to Santiment's market tracker, a major driver of Bitcoin's recent surge above $25,000 for the first time in 8 months has been the accumulation of over $2.74 billion in Tether USDT/USD by whales and sharks in the past 10 weeks.

Identifying reasons for #Bitcoin being able to surge above $25k for the first time in 8 months, we can start with key #Tether shark & whale buying power that was increasing since early December. Key stakeholders continue loading up for more buys. https://t.co/zknJcDgf9z pic.twitter.com/o8hbxQyGcv Santiment (@santimentfeed) February 16, 2023

Pseudonymous analyst Pentoshi believes the strength of the daily Bitcoin candle is a positive sign for the cryptocurrency, predicting a potential rally to as high as $32,000.

This candle for BTC is just: Wow. As stated January 1st, I think the high range for this year is $28,000-$32,000. Have a feeling if we get there thats going to be a super tough spot. This thing is truly wild lol. Looking at it in complete awe.

This candle for $BTC is just

Wow

As stated Jan 1 I think the high range for this year is 28-32k. Have a feeling if we get there thats going to be a super tough spot pic.twitter.com/jAFKSsxd0T Pentoshi (@Pentosh1) February 15, 2023

Read Next: Do Kwon, Terraform Labs Charged With Fraud By SEC, But He's Nowhere To Be Found

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Kendrick Lamar leads Grammy nominations as K-pop makes it mark

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Kendrick Lamar leads Grammy nominations as K-pop makes it mark

Kendrick Lamar is leading this year’s Grammy nominations, up for nine trophies, including record, song and album of the year.

The 38-year-old swept last year’s awards, taking home five gongs for his hit dis track Not Like Us.

The varied bag of Grammy nominees – featuring big names and a few surprises – also saw K-pop stars, a knighted British rocker and a Hollywood leading man make it into the Grammy competition.

Lady Gaga earlier this year. Pic: AP
Image:
Lady Gaga earlier this year. Pic: AP

Lady Gaga (who is up for record, song and album of the year too), Jack Antonoff and Canadian record producer-songwriter Cirkut follow Lamar with seven nominations each.

Sabrina Carpenter got six nods, matching her nomination tally for last year.

More on Grammys

Alongside Lamar’s GNX, other albums to make it into the best album category this year include Lady Gaga’s Mayhem and Bad Bunny’s Debí Tirar Más Fotos (only the second all-Spanish language album to be nominated in the category, following the Puerto Rican rapper’s 2023 all-Spanish album Un Verano Sin Ti).

They are all potential first-time winners in the category.

Sabrina Carpenter is up for six awards. Pic: AP
Image:
Sabrina Carpenter is up for six awards. Pic: AP

Also up for the top album prize are Sabrina Carpenter’s Man’s Best Friend, Justin Bieber’s Swag, Clipse, Pusha T & Malice’s Let God Sort Em Out, Leon Thomas’s Mutt, and Tyler, the Creator’s Chromakopia.

Despite releasing a new album earlier this year, Taylor Swift, didn’t make it on to the best album nominees as The Life Of A Showgirl came out after the close of the eligibility period. The window ran from 31 August 2024 to 30 August 2025.

Rosé from Blackpink. Pic: AP
Image:
Rosé from Blackpink. Pic: AP

K-pop gets its moment

With K-pop typically ignored by the Grammys (BTS are the only K-pop artists to previously get a nod) this year saw two K-pop tracks in contention for best song.

Golden, the lead track from global phenomenon KPop Demon Hunters and APT, the megahit by former Blackpink member Rosé alongside Bruno Mars, both made it on to the list.

Rosé got nods in four other categories, including best record, while KPop Demon Hunters got three other nominations, including in the best pop duo/group performance category.

Lola Young is up for best new arist. Pic: Amy Harris/Invision/AP
Image:
Lola Young is up for best new arist. Pic: Amy Harris/Invision/AP

British artist Lola Young, who is the niece of acclaimed children’s writer Julia Donaldson, got a nod in the best new artist category, alongside Olivia Dean. Both topped the UK charts this year.

They will compete against KATSEYE, The Marias, Addison Rae, sombr, Leon Thomas and Alex Warren. Last year the category was won by Good Luck, Babe! singer Chappell Roan.

Sir Elton John in Never Too Late. Pic: Walt Disney Pictures
Image:
Sir Elton John in Never Too Late. Pic: Walt Disney Pictures

Timothée Chalamet is up for a Grammy

In less expected Grammy news, Sir Elton John also got a nod alongside US singer-songwriter Brandi Carlile for the song Never Too Late, which features on the soundtrack of the 2024 Sir Elton documentary of the same name.

Meanwhile, actor Timothée Chalamet got his first Grammy nod in the best compilation soundtrack for visual media category for his work on Oscar-nominated movie A Complete Unknown, in which he played Bob Dylan.

Timothee Chalamet as Bob Dylan in A Complete Unknown. Pic: Searchlight Pictures 2024
Image:
Timothee Chalamet as Bob Dylan in A Complete Unknown. Pic: Searchlight Pictures 2024

Nominations were announced by past Grammy winners, including Sabrina Carpenter, Doechii and last year’s best new artist winner, Chappell Roan.

Sharon, Kelly and Jack Osbourne came together to announce the rock and metal album nominations in tribute to Ozzy, who died in July. He had previously won in both categories.

The Osbournes announced the best rock and metal album nominations. Pic: Grammys/Recording Academy
Image:
The Osbournes announced the best rock and metal album nominations. Pic: Grammys/Recording Academy

The annual ceremony – which gives out a whopping 95 gongs in total – has four big categories: album, record and song of the year, and best new artist.

Following Beyoncé’s historic win for best album and best country album for Cowboy Carter, this year the country category has been divided into two: best traditional country album and best contemporary country album.

There’s also the new addition of a standalone category for best album cover.

Last year, Beyoncé made history as the Grammy’s most nominated artist, winning album of the year for the first time.

Winners will be chosen by the roughly 15,000 voting members of the Recording Academy.

The 68th Grammy Awards take place on Sunday, 1 February 2026, at the Crypto.com Arena in Los Angeles.

Main category nominees

Album Of The Year
DeBi TiRAR MaS FOtoS, Bad Bunny
Swag, Justin Bieber
Man’s Best Friend, Sabrina Carpenter
Let God Sort Em Out, Clipse, Pusha T and Malice
MAYHEM, Lady Gaga
GNX, Kendrick Lamar
Mutt, Leon Thomas
CHROMAKOPIA, Tyler, The Creator

Record Of The Year
DtMF, Bad Bunny
Manchild, Sabrina Carpenter
Anxiety, Doechii
Wildflower, Billie Eilish
Abracadabra, Lady Gaga
luther, Kendrick Lamar with SZA
The Subway, Chappell Roan
APT, Bruno Mars and Rosé

Song Of The Year
Abracadabra, Lady Gaga
Anxiety, Doechii
APT, Bruno Mars and Rosé
DtMF, Bad Bunny
Golden, EJAE, Audrey Nuna and REI AMI
luther, Kendrick Lamar with SZA
Manchild, Sabrina Carpenter
Wildflower, Billie Eilish

Best New Artist
Olivia Dean
KATSEYE
The Marias
Addison Rae
sombr
Leon Thomas
Alex Warren
Lola Young

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US Customs delays force solar giant Qcells to furlough 1,000 workers

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US Customs delays force solar giant Qcells to furlough 1,000 workers

Solar panel giant Qcells announced today that it’s temporarily furloughing 1,000 US workers – 25% of its workforce – and reducing pay and shifts at its factories in northeast Georgia due to supply chain delays caused by US Customs.

Qcells furloughs 1,000 workers

The supply chain delays are hindering the company’s ability to import components to build its solar panels. This has resulted in Qcells’ two factories in Cartersville and Dalton being unable to operate at full capacity for several months.

Qcells spokeswoman Marta Stoepker shared the following statement in an exclusive with Channel 2 Action News in Atlanta:

The company says the furloughed workers, who were notified this afternoon, will retain full benefits and won’t be laid off. However, Qcells will no longer be using staffing agency employees in Georgia “at this time.”

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As Qcells introduced new supply chains to support its growing solar panel manufacturing facilities in Georgia, the company was recently forced to scale back production while our shipments into the US were delayed in the customs clearance process.

Although our supply chain operations are beginning to normalize, today we shared with our employees that HR actions must be taken to improve operational efficiency until production capacity returns to normal levels.

Stoepker said it expects to bring the furloughed workers back “in the coming weeks and months.” She continued:

Our commitment to building the entire solar supply chain in the United States remains. We will soon be back on track with the full force of our Georgia team delivering American-made energy to communities around the country.

Electrek’s Take

In January 2023, the Seoul-headquartered Qcells announced it would invest more than $2.5 billion to build a solar supply chain in Georgia – the largest-ever investment in clean energy manufacturing in the US to date. That included expanding the Dalton solar factory and building a fully integrated solar supply chain factory in Cartersville, Georgia, that will manufacture solar ingots, wafers, cells, and finished panels.

It’s not quite there yet, because that takes time. In the meantime, it’s being penalized by Customs. The US government under Trump says it’s keen on boosting domestic manufacturing. Why would it work against a company that’s onshoring an entire solar supply chain, including recycling?

Dalton and Cartersville employ nearly 4,000 people. Its total output will reach 8.4 GW of solar production capacity per year, which is equivalent to nearly 46,000 panels per day – enough to power approximately 1.3 million homes annually.

It’s ludicrous that it has been forced to furlough a quarter of its workforce due to the ineptness of the Trump administration’s US Customs policies. This is right up there with the ICE arrests at Hyundai’s plant in Georgia. Bravo.

Read more: Georgia gives US solar panel manufacturing a big boost with a new factory


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Toyota is yet again delaying EV battery plans

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Toyota is yet again delaying EV battery plans

The breakthrough EV batteries Toyota says will double driving range and cut charging times are facing another setback. The company is once again delaying plans for a new battery plant in Japan.

Why is Toyota delaying its EV battery plant this time?

Earlier this year, Toyota bought a 280,000-square-meter plot of land in Fukuoka, Japan, where it planned to build a plant to produce the more advanced EV batteries.

A location agreement was expected to be signed by April, but Toyota pushed back construction by several months, blaming slower-than-expected demand for electric vehicles.

The agreement was expected to be finalized this Fall, but that will no longer be the case. According to Nikkei, Toyota is delaying the EV battery plant for the second time. Toyota will review and adjust plans over the next year.

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Fukuoka governor, Seitaro Hattori, confirmed the news with reporters on Friday following a meeting with Toyota’s president, Koji Sato. Hattori also shut down claims that Toyota was planning to scrap the battery plant altogether.

Toyota-delaying-EV-battery
Toyota EV battery roadmap (Source: Toyota)

Toyota again blamed slowing EV demand for the delay. The decision comes despite Keiji Kaita, president of Toyota’s Carbon Neutral Advanced Engineering Development Center, confirming at the Japan Mobility Show just last week that it’s “sticking on the schedule” to introduce its first solid-state battery-powered EV by 2028.

Last month, Toyota said it aimed to “achieve the world’s first practical use of all-solid-state batteries in BEVs” after securing a partnership with Sumitomo Metal Mining Co. to mass-produce them. It’s also working with Japanese oil giant Idemitsu.

Toyota-solid-state-battery-EV
Idemitsu’s value chain for solid electrolytes used in all-solid-state EV batteries (Source: Idemitsu)

The company recently revealed a solid-state battery pack prototype that it claims can deliver 747 miles (1,200 km) range and 10-minute fast charging, but will we ever see it actually in production?

Electrek’s Take

Toyota has been making empty promises about EV batteries for almost a decade now. It initially planned to introduce solid-state EV batteries in 2020, then pushed it to 2023, then 2026, and now it’s saying it will be around 2028.

Mass production is likely closer to the end of the decade, if Toyota doesn’t delay it again. While it’s blaming the slowing demand, global EV sales are still on the rise. According to Rho Motion, global EV sales topped 2 million for the first time in a single month in September 2025. Through the first nine months of the year, EV sales are up 26% compared to the same period in 2024.

Even with the US ending the $7,500 federal tax credit and other policies designed to promote electric vehicles, global adoption will continue building momentum over the next few years.

Is it a demand issue, or is Toyota just looking for another excuse? With rivals like Volkswagen, Mercedes-Benz, Hyundai, BMW, and Honda advancing next-gen EV batteries, Toyota will only fall further behind if it continues delaying key projects.

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