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A whale who purchased $500 million in BTC and ETH earlier this month sold 23,500 ETH, worth $47.6 million, at a loss today, EmberCN reported. The investor still holds 150,000 ETH ($302 million) and 4,000 cbBTC ($268 million). The average purchase price for the ETH was $2,667, while the cbBTC was acquired at an average of $73,837. The position currently has an unrealized loss of $126 million.

JPYC Inc., the issuer and operator of the Japanese yen stablecoin JPYC, announced it has secured 1.78 billion yen ($11.9 million) in its first Series B funding round. The round was led by software developer Asteria. The company plans to use the funds to expand its financial and Web3 ecosystems and accelerate the practical adoption of stablecoins. JPYC currently supports Avalanche, Ethereum, and Polygon.

The team address for the memecoin Trump (TRUMP) deposited 5 million TRUMP ($17.3 million) to Binance over the past nine hours. According to Onchain Lens, the funds were transferred from a BitGo wallet, and the team is likely to sell the tokens before making further deposits.

The number of wallets holding 100 BTC or more has reached 19,993 and is approaching the 20,000 mark, according to on-chain data analysis firm Santiment. In a post on X, the firm noted that an increase in the number of whales during a downturn is typically interpreted as a bullish signal. However, Santiment explained that the price has faced downward pressure because the proportion of the total supply held by these whales has not yet increased significantly. The firm added that historically, a rise in the number of whales has been observed during accumulation phases, which were subsequently followed by price rebounds.

South Korea and Thailand are strengthening their tax cooperation to track assets and criminal proceeds moved offshore, Etoday reported. The two nations have agreed to expand their information sharing beyond hidden overseas accounts to include virtual asset transaction data starting in 2028. They also plan to establish a cooperative framework for collecting taxes on the hidden overseas assets of delinquent taxpayers.

Amid recent allegations that market maker Jane Street suppressed Bitcoin's price through algorithmic selling at specific times, early Bitcoin contributor and smart contract originator Nick Szabo commented on X that the firm may have a culture that fostered crypto "scammers." He also stated that the possibility it directly designed and operated some scams cannot be ruled out. Szabo suggested that Jane Street might have figured out how to exploit the structural vulnerabilities that led to the 2022 Terra-Luna collapse. He further described the firm's market-making for Bitcoin ETFs alongside its 10 a.m. sell-offs as a highly problematic conflict of interest, calling the decision by ETFs to entrust this role to Jane Street "negligent." Szabo concluded that recent crypto ETF outflows stem more from a decline in trust in Wall Street's market-making methods than from the coins themselves.

An address presumed to belong to Patricio Worthalter, founder of the Proof of Attendance Protocol (POAP), deposited 2,000 ETH ($4.11 million) to Binance nine hours ago, Onchain Lens reported. Deposits to exchanges are typically interpreted as an intention to sell.

An anonymous whale address beginning with 0xFB7 has transferred 23,500 ETH, worth $47.47 million, to FalconX for the purpose of loan repayment, Onchain Lens reported. The whale currently holds 4,000 cbBTC ($269 million), 120,380 stETH ($243.27 million), and 29,727 WETH ($60.16 million). The address has an outstanding loan of 97.26 million USDT from Aave.

CoinMarketCap's Altcoin Season Index is currently at 34, unchanged from yesterday. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An "altcoin season" is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days. A score closer to 100 indicates an altcoin season.

Bitcoin skeptic and gold bull Peter Schiff has argued that U.S. President Donald Trump's failure to mention Bitcoin in his first State of the Union address of his second term was a deliberate decision. On X, Schiff suggested that Trump might be trying to distance himself from an upcoming crypto collapse or is looking to secure more donations from whales before boosting the price of Bitcoin.

KOSDAQ-listed company Bitplanet announced today that it has purchased an additional 35 BTC, increasing its total holdings to 300 BTC. According to Newsis, the purchase was executed by transferring USDT held with an existing custodian to the South Korean exchange Upbit and then converting it to BTC. This transaction marks the first time a publicly traded company in South Korea has successfully bought BTC through Upbit. Bitplanet, formerly known as SGA, began acquiring Bitcoin after securing an investment from crypto venture capital firm Sora Ventures.

According to crypto options exchange Deribit, $7.8 billion in Bitcoin options are set to expire at 8:00 a.m. UTC today, Feb. 27. The put/call ratio is 0.75, and the max pain price is $75,000. Additionally, $970 million in Ethereum options will expire at the same time. The put/call ratio for ETH is 0.78, with a max pain price of $2,200.

The Crypto Fear & Greed Index, compiled by Alternative, has risen two points from yesterday to 13, though the market remains in a state of "Extreme Fear." The index ranges from 0, indicating extreme fear, to 100, representing extreme optimism. It is calculated based on volatility (25%), market volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search trends (10%).

Hana Financial Group and Dunamu have completed a proof-of-concept (PoC) for a foreign remittance service using blockchain technology, Electronic Times Internet reported. The test successfully replaced traditional SWIFT messages for transfers between Hana Bank's domestic and overseas branches with messages on Dunamu's "GIWA Chain" blockchain network. Additionally, Hana Financial plans to build a foreign remittance infrastructure using deposit tokens by the third quarter of this year.

NFT marketplace Magic Eden (ME) is shutting down its Bitcoin and EVM marketplaces, according to Blockspace. The platform will also discontinue support for its cross-chain wallet. Support for Solana-based assets and NFTs will continue.

A proposal from the U.S. Office of the Comptroller of the Currency (OCC) related to the GENIUS Act could create obstacles for paying stablecoin rewards through exchanges, CoinDesk reported. The agency's Notice of Proposed Rulemaking (NPRM) for the act highlights a high probability that issuers with close ties to exchanges could use them as intermediaries to indirectly pay returns to stablecoin holders. The proposal stresses that the burden of proof to disprove this would fall on the issuer. This challenges a prevailing industry assumption that the GENIUS Act's ban on providing returns applies only to issuers and does not extend to third parties like Coinbase offering their own rewards.

Bitcoin mining company MARA Holdings (MARA), formerly Marathon Digital, is partnering with U.S. private equity firm Starwood Capital to build a large-scale data center in the United States, CoinDesk reported. The plan involves converting major sites previously developed for Bitcoin mining into facilities for enterprise cloud and artificial intelligence (AI) applications.

Reid Hoffman, co-founder of the world's largest business social networking service, LinkedIn, holds $6.1 million worth of ETH, U.Today reported, citing data from Arkham.

Morgan Stanley plans to offer its own Bitcoin custody and trading services and is also in discussions regarding yield and lending products, Decrypt reported. The announcement was made by Amy Oldenburg, Morgan Stanley's Head of Digital Asset Strategy, at the Bitcoin for Corporations conference in Las Vegas. She described the move as a natural step in the company's roadmap that it must continue to explore, adding that she believes they are at the very beginning of this journey.

Nasdaq has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list VanEck's JitoSOL ETF, according to Cointelegraph. JitoSOL is a liquid staking token based on Solana. If the proposed ETF is approved, staking rewards will be reflected in the fund's Net Asset Value (NAV) rather than being distributed separately.

Jack Dorsey's payments company Block, formerly known as Square, will lay off 40% of its workforce, Walter Bloomberg reported.

U.S. real estate investor Grant Cardone plans to tokenize $5 billion worth of property owned by his investment firm, Cardone Capital, CoinDesk reported. The firm announced last April that it would create a new fund composed of 10 properties to purchase BTC.

Coinbase has announced the addition of RoboToken (ROBO). Trading is scheduled to begin today, Feb. 27, once liquidity conditions are met.

CryptoQuant noted that it takes time for the market to hit a bottom. Applying past cycles based on data from April 19, 2024, the firm projected the following timelines: - 2012 cycle (777 days): June 4, 2026 - 2016 cycle (889 days): Sept. 24, 2026 - 2020 cycle (925 days): Oct. 30, 2026 CryptoQuant added that it expects the bottom for the current cycle to occur roughly between June and December of this year.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.54% - Nasdaq: -1.18% - Dow Jones: +0.04%