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24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $95.23 million liquidated (80.02% longs) - ETH: $84.48 million liquidated (85.33% longs) - SOL: $14.77 million liquidated (79.59% longs)

On-chain analyst ai_9684xtpa reported that 28,723 XAUT, valued at $151 million, was transferred from a Tether Treasury address to a wallet managed by Abraxas Capital, a London-based asset management firm. Abraxas Capital is one of Tether's largest institutional clients and at one point held 1.5% of the total USDT supply.

David Sacks, head of AI and cryptocurrency at the White House, said via X that it is time for the banking sector to make corresponding concessions on the CLARITY Act, a bill on crypto market structure. He argued that the crypto industry has already made a significant compromise regarding interest on stablecoins. Sacks added that Patrick Witt, executive director of the White House Crypto Advisory Council, is working to find a compromise between the banking and crypto industries. The White House reportedly pushed for negotiations over the weekend to reach an agreement before March, but the two sides remain far apart, and a committee vote has not yet been scheduled. The banking sector is demanding strict restrictions on stablecoins, arguing they can function like deposits, a position opposed by crypto firms like Coinbase. Other key points of contention include the scope of limits on exchange incentives, the obligations of DeFi developers, and regulatory jurisdiction.

Hyperliquid Strategies (PURR) is the only crypto-accumulating entity (DAT) currently in profit, with all others holding unrealized losses, on-chain data platform Artemis reported via its official X account. PURR's unrealized profit stands at approximately $356.6 million.

Google search volume for "How to buy Bitcoin" is nearing its 2021 peak, Cointelegraph reported via its official X account.

The passage of a U.S. bill on crypto market structure, known as the CLARITY Act, is being delayed in the Senate due to a standoff between the banking and cryptocurrency industries, BeInCrypto reported. The White House reportedly pushed for negotiations over the weekend to secure an agreement before March, but the two sides failed to narrow their differences, preventing even a committee vote from being scheduled. The central point of contention remains whether stablecoin holders can be offered interest on their assets. The banking sector is demanding strict limitations, arguing that interest-bearing stablecoins could function like bank deposits, a position opposed by crypto industry players like Coinbase. Disagreements also persist over other key issues, including the scope of restrictions on exchange incentives, the extent of obligations for DeFi developers, and regulatory jurisdiction.

An address suspected of belonging to an anonymous institution has purchased 215,056 HYPE ($6.06 million) via the over-the-counter (OTC) desk of crypto financial services firm Galaxy Digital, Onchain Lens reported. The address has been accumulating HYPE for 18 days and now holds a total of 540,337 HYPE, valued at $14.86 million.

Trump Media (DJT) has reduced its Bitcoin holdings by 2,000 BTC, from 11,542 BTC to 9,542 BTC, according to its annual business report (10-K) filed with the U.S. Securities and Exchange Commission (SEC). The company had transferred this amount to an external address on Dec. 24 of last year. Wu Blockchain suggested that the 2,000 BTC were likely provided as collateral rather than sold.

CoinMarketCap's Altcoin Season Index is currently at 35, up one point from the previous day. The index is calculated by comparing the price performance of the top 100 coins, excluding stablecoins and wrapped tokens, against Bitcoin. An "altcoin season" is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days, while the opposite is considered a "Bitcoin season." A score closer to 100 indicates a stronger altcoin season.

According to CoinNess market monitoring, BTC has risen above $66,000. BTC is trading at $66,010.2 on the Binance USDT market.

The Crypto Fear & Greed Index, compiled by data provider Alternative, fell two points from yesterday to 11. The index, which first entered the 'Extreme Fear' stage on Jan. 30, has now remained there for the entire month of February. A score closer to zero signifies extreme market fear, while a score near 100 indicates extreme optimism. The index is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Crypto investment firm Paradigm is expanding its investment scope to include AI, robotics, and advanced technology, The Wall Street Journal (WSJ) reported. The firm is raising a new fund of up to $1.5 billion to invest in these sectors.

U.S. President Donald Trump said it is time for the United States to make a major and difficult decision regarding Iran, adding that he would prefer to resolve the situation peacefully if possible, according to multiple media outlets. His comments come as staff are reportedly being withdrawn from several U.S. embassies in the Middle East. Trump has previously stated his dissatisfaction with negotiations with Iran, demanding that the country cease uranium enrichment.

Solana (SOL) co-founder Anatoly Yakovenko has sparked a debate by stating that his network is more decentralized than Ethereum (ETH), U.Today reported. Yakovenko argued that by the standard of decentralization envisioned by Satoshi Nakamoto, Solana is as decentralized as, or more so than, Ethereum. He highlighted that a key differentiator for Solana is its system structure, which allows anyone to verify the ledger through a node, regardless of hardware requirements. Yakovenko emphasized that with just a node, anyone can participate in every part of the network, and unlike a security council multi-signature approach, there is no way for the rest of the network to steal a user's funds.

Ryan VanGrack, Coinbase's head of global litigation, argued that moves by various U.S. states to regulate prediction markets are excessive, especially given the jurisdiction of the Commodity Futures Trading Commission (CFTC). According to Coinbase, VanGrack described it as a form of gaslighting for states to claim their intervention is necessary due to the CFTC's supposed lack of resources. He noted that the CFTC already oversees a derivatives market worth trillions of dollars and has the authority to regulate prediction markets. VanGrack also emphasized that individual prediction market contracts are fundamentally different from general sports betting, warning that having 50 different state-level regulations for a nationwide market would undermine both investor confidence and market stability. The comments follow Coinbase's announcement late last month that it would offer prediction markets with Kalshi, after which states including Connecticut, Illinois, Michigan, and Nevada began exploring regulatory measures.

Mark Karpeles, the former CEO of Mt. Gox, has proposed a hard fork of the Bitcoin network to recover 79,956 BTC from a 2011 hack, The Block reported. The BTC in question has not been moved in 15 years. The proposal is expected to be controversial, as it could undermine Bitcoin's core value of immutability and risk a chain split. Karpeles added that the measure would be a one-time exception for this specific case and not a general mechanism for reversing transactions or recovering funds. The current distribution to Mt. Gox creditors involves approximately 200,000 BTC, while the assets targeted by this proposal are separate and not under the control of the rehabilitation trustee.

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins called the crypto policy under the Biden administration a failed opportunity and vowed to take proactive steps to reclaim industry leadership, The Block reported. Atkins noted that the SEC under former Chairman Gary Gensler did not attempt to adapt to innovation, instead classifying numerous cryptocurrencies as securities and applying strict standards for violations such as unregistered offerings. He stated that this approach has changed since the Trump administration took office. Atkins emphasized that, separate from the price fluctuations of individual cryptocurrencies, he is personally optimistic about the potential of distributed ledger technology for payment and clearing systems. He added that the SEC will soon approve tokenized deposits, following its approval of tokenized funds.

According to CoinNess market monitoring, BTC has fallen below $65,000. BTC is trading at $64,986 on the Binance USDT market.

The three major U.S. stock indices closed lower today. - S&P 500: -0.43% - Nasdaq: -0.92% - Dow Jones: -1.05%

Ripple (XRP) CLO Stuart Alderoty said on X that he sent numerous letters and op-eds to The New York Times (NYT) refuting what he called its "lazy and anachronistic" argument that cryptocurrency is useless, but all were ignored. He stated that millions of Americans are improving their lives with crypto today and that ignoring them is irresponsible. Previously, Coinbase CPO Faryar Shirzad also pushed back against the NYT article, noting that the internet and the iPhone faced similar criticism in their early days.

A claim has emerged that former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler personally apologized to Ripple CEO Brad Garlinghouse. According to U.Today, the exchange allegedly took place during a recent high-level briefing on cryptocurrency policy at the White House. At the end of the meeting, Gensler is said to have approached Garlinghouse and said, "Sorry." Ripple and the SEC have been engaged in a legal battle since December 2020 over the sale of unregistered securities.

Nisha Surendran, Citi's head of crypto custody product, announced plans to launch a Bitcoin custody service for institutional investors by the end of this year, CoinDesk reported. Speaking at the World Strategic Forum, Surendran stated that the initiative is part of a broader effort to integrate Bitcoin into the banking system. The plan will begin with the development of institutional-grade key management and wallet infrastructure. However, she explained that the larger objective is to allow clients to manage Bitcoin within the same systems they use for traditional assets, ultimately providing a single service model across crypto, securities, and finance. Surendran added that a customer survey revealed many clients do not wish to manage their own wallets, keys, or single-use addresses, preferring instead to invest in Bitcoin through a familiar banking framework.

World Liberty Financial (WLFI) announced on X that it will now provide real-time, on-chain proof of its reserves. The company stated that the stablecoin industry faces transparency issues, with most issuers disclosing reserves quarterly. It noted that while its USD1 stablecoin previously offered monthly attestations, even this method resulted in a one-month delay due to accounting processes. WLFI said it has solved this problem by implementing Chainlink's Proof of Reserve (PoR) mechanism. This system continuously fetches and verifies reserve data from custodian BitGo and records it on-chain.

Jack Dorsey's payments company Block (formerly Square) has announced its fourth-quarter earnings for last year. According to The Block, the company reported an operating income of $485 million and raised its gross profit forecast for the current year to $12.2 billion, an 18% increase from the previous year. During the quarter, Block purchased an additional 103 BTC, bringing its total holdings to 8,883 BTC, worth approximately $577 million.

U.S. fintech firm SoFi Bank now supports direct deposits on the Solana (SOL) network, BeInCrypto reported. This enables SoFi users to transfer SOL directly from external wallets to their SoFi crypto accounts.