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ETH is expected to trade sideways for the time being, according to Swyftx analyst Pav Hundal. In an interview with Cointelegraph, Hundal said that short-term uncertainty has already been priced into the market, adding that it would not be surprising if ETH does not move significantly in the coming weeks. He noted that geopolitical tensions related to Iran and progress on a U.S. bill on crypto market structure (CLARITY) have also been largely factored in. However, Hundal pointed to short-term pressures, explaining that market confidence has not fully recovered since a liquidation event worth around $19 billion last October and that consumer sentiment has dropped to its lowest level since 2022.

Focus AI has completed its acquisition of the Busan Digital Asset Exchange (Bdan), concluding a process that began last December, Newspim reported. The company announced on Feb. 27 that it had made the final payment, securing a 40.61% stake to become the largest shareholder. Bdan is South Korea's first real-world asset (RWA) tokenization exchange, with ITcen Global holding an approximate 19% stake. Through the acquisition, Focus AI plans to expand its digital asset infrastructure business, including RWA, security token offerings (STO), and stablecoin-based payment and settlement services.

According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,013.99 on the Binance USDT market.

IoTeX (IOTX), which recently suffered a $4.4 million loss from a validator key theft, has proposed on X to end support for CIOTX across all its networks. The proposal covers networks including Ethereum, Base, Solana, BSC, Polygon, and IoTeX. The plan, designated IIP-56, outlines different termination procedures for each network based on the extent of the damage suffered. IoTeX intends to submit the proposal for community discussion before proceeding to a governance vote. The move follows an incident where a hacker illicitly minted 410 million CIOTX and converted $4.4 million in bridged assets to BTC and ETH.

U.S. spot Ethereum ETFs recorded a net inflow of $6.57 million on Feb. 26, marking the third straight day of positive flows, according to data from Trader T. The daily breakdown is as follows: - BlackRock (ETHA): +$15.33 million - Fidelity (FETH): -$19.22 million - 21Shares (TETH): +$7.61 million - Invesco (QETH): -$2.22 million - Grayscale (ETHE): +$6.60 million - Grayscale Mini (ETH): -$1.53 million

U.S. spot Bitcoin ETFs recorded a net inflow of $253.89 million on Feb. 26, marking the third consecutive day of net inflows, according to data compiled by Trader T. - BlackRock's IBIT: +$275.26 million - Fidelity's FBTC: -$51.49 million - Bitwise's BITB: +$69.01 million - Ark Invest's ARKB: -$44.86 million - Grayscale's Mini BTC: +$5.97 million

Colony, an accelerator for the Avalanche (AVAX) ecosystem, announced it will cease operations at the end of the first quarter, citing difficulties in achieving structurally sustainable growth.

Peter Steinberger, developer and founder of the open-source artificial intelligence (AI) agent OpenClaw, said on his X account that his best advice for men in their 20s is to "not waste time on cryptocurrency."

The individuals who stole 22 BTC from the custody of Seoul's Gangnam Police Station have been identified as the CEO and operator of the company that originally reported the coins stolen in a hack, Yonhap News reported. The two men, both in their 40s, were the CEO and de facto operator of a cryptocurrency firm. In 2020, they filed a police report claiming that billions of won worth of their company's self-issued tokens had been hacked. Police have now determined that the pair stole the coins themselves due to financial difficulties at their company, cashing them out for approximately 1 billion won at the time.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $71.59 million liquidated (69.31% longs) - ETH: $64.51 million liquidated (60.48% longs) - POWER: $18.07 million liquidated (86.05% shorts)

South Korean financial authorities will convene the Virtual Asset Committee, a public-private advisory body, next week to discuss a basic act on digital assets, The Herald Business reported. South Korea's Financial Services Commission (FSC) has scheduled the meeting for March 4, marking the committee's first session this year. The primary agenda item is the government's proposed legislation, which is expected to be finalized after soliciting feedback from the committee's private sector members. Key topics for discussion include potential restrictions on major shareholder stakes in exchanges, capping them at 15-20%, and a framework for stablecoin issuance led by banking institutions holding a majority stake of 50% plus one share.

The current Bitcoin downturn is expected to end around the fourth quarter, with upward momentum returning in the first half of 2027, according to on-chain analyst Willy Woo. He suggested that the decline appears to have somewhat stabilized, which could lead to about a month of sideways price action or a rebound to around $75,000. However, Woo noted that a breakthrough of that level seems unlikely due to worsening liquidity. He believes the bear market bottom will likely form at $45,000, adding that if the global macroeconomy collapses, the support level could drop to $30,000, with a final line of defense at $16,000.

Hong Kong Financial Secretary Paul Chan announced in his recent 2026-27 budget speech that the government will classify cryptocurrencies, precious metals, and certain commodities as eligible for tax concessions to attract more family offices and funds. Currently, there are over 3,300 single-family offices established in Hong Kong. A related amendment bill is set to be introduced in the first half of this year and will take effect from the 2025-26 tax year.

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.