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South Korean crypto exchange Upbit announced that it will list Seeker (SKR) for trading against the South Korean won (KRW), Bitcoin (BTC), and Tether (USDT). Trading is scheduled to begin at 7:00 a.m. UTC on Feb. 24.

Bitcoin mining hardware manufacturer Canaan has acquired a 49% stake from Cipher Mining in a joint venture (JV) comprising three Bitcoin mining projects in West Texas, The Block reported. The transaction gives Canaan a 49% stake in the ABC project, which comprises Alborz LLC, Bear LLC, and Chief Mountain LLC. The remaining 51% is held by partner WindHQ. The mining facilities have a total power capacity of 120 MW and a hashrate of approximately 4.4 EH/s. In addition, Canaan purchased 6,840 mining rigs from Cipher Mining.

Bitcoin could fall to the low $50,000 range if it fails to hold the key $60,000 support level, according to Kraken VP Matt Howells-Barby. In a statement to Cointelegraph, Howells-Barby noted that Bitcoin, like stocks, has undergone a sharp correction, attributing it primarily to tariff uncertainty similar to that seen last April. He added that geopolitical tensions could also act as a short-term bearish factor. Should the $60,000 support level fail, he stressed that a drop to the low-to-mid $50,000s is possible. Cointelegraph further explained that historically, Bitcoin has often not formed a clear bottom until its 50-week moving average crossed below the 100-week moving average in a "death cross." This precedent suggests a potential for further declines below $50,000 before such a crossover and a broader market sell-off occur.

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,993.71 on the Binance USDT market.

BlackRock withdrew 2,086 BTC ($135 million) and 8,459 ETH ($15.84 million) from Coinbase nine hours ago, The Data Nerd reported. Withdrawals from exchanges are typically interpreted as an intention to hold.

U.S. spot Ethereum ETFs saw a net outflow of $49.72 million on Feb. 23, according to Trader T. - BlackRock ETHA: -$45.62 million - Fidelity FETH: -$1.39 million - VanEck ETHV: -$2.71 million

U.S. spot Bitcoin ETFs saw a net outflow of $205.82 million on Feb. 23, marking a switch back to net outflows after one trading day, according to Trader T. The outflow was led by BlackRock, with only VanEck recording net inflows. - BlackRock IBIT: -$117.44 million - Fidelity FBTC: -$27.93 million - Bitwise BITB: -$43.58 million - Ark ARKB: -$9.16 million - VanEck HODL: +$6.35 million - Grayscale GBTC: -$13.06 million

Binance has announced that it will temporarily suspend deposits and withdrawals for Shentu (CTK) at 12:00 p.m. UTC on Feb. 25 to support an upcoming network upgrade and hard fork.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $122.02 million liquidated (71.57% longs) - ETH: $95.58 million liquidated (73.58% longs) - SOL: $19.10 million liquidated (81.8% longs)

The U.S. Federal Reserve announced a proposed rule on Feb. 23 to remove 'reputation risk' from its bank supervision standards and has begun soliciting public comment. The Fed stated that financial institutions should not de-bank customers for reasons such as political views, religious beliefs, or their engagement in legal but disfavored businesses, adding that such discrimination is inconsistent with its supervisory framework. In response, Wyoming Senator Cynthia Lummis said on X that she hopes this marks the end of "Operation Choke Point 2.0," a measure aimed at pressuring the crypto industry by restricting its access to banking. She added that she hopes the U.S. can become a hub for digital assets and that the Fed should not act as both judge and jury over digital asset companies.

The U.S. Securities and Exchange Commission (SEC) announced on Feb. 23 that it has permitted WisdomTree's tokenized money market fund (MMF), the WisdomTree Treasury Money Market Digital Fund, to trade at a fixed price of $1 during market hours. The fund, which holds short-term U.S. Treasuries as its underlying assets, issues its shares as tokens on a blockchain. While MMFs typically trade based on their end-of-day net asset value (NAV), this decision allows investors to buy and sell shares at any time during the trading day for $1 per share through a dealer. U.S. SEC Chairman Paul Atkins stated on X that the agency listens when the industry proposes ways to modernize capital markets with new technology, calling the move an important step forward in promoting tokenization innovation.

Bithumb has announced a temporary suspension of deposits and withdrawals for Flow (FLOW) due to a network issue. The suspension began at 2:20 a.m. UTC today.

OPN, the native token of prediction market project Opinion, has been listed as a pre-market perpetual future on major exchanges including Binance, OKX, and Bybit. According to data, the cumulative 24-hour trading volume for the OPN/USDT pre-market perpetual future has surpassed $400 million. Trading volume on Binance alone reached $277 million, placing it 16th in derivatives trading volume. The token was previously added to Coinbase's listing roadmap and has also conducted a Binance Booster campaign.

BlackRock filed an amended S-1 application with the U.S. Securities and Exchange Commission (SEC) on Feb. 17 for its proposed iShares Staked Ethereum Trust ETF (ETHB), which would support staking. Under the proposal, 70-95% of the ETF's assets would be staked through third-party institutions such as Coinbase, allowing holders to receive staking rewards. The annual fee is set at 0.25%, with a promotional rate of 0.12% applied for the first year on assets up to $2.5 billion.

Coinbase is actively lobbying in Washington for its stablecoin business, a key revenue source, amid projections that its related income could grow up to sevenfold depending on the details of future legislation. According to Bloomberg, stablecoins accounted for approximately 19% of Coinbase's total revenue last year. This revenue is projected to increase by two to seven times if stablecoin adoption in payments accelerates under favorable legislation. Paul Gulberg, an analyst at Bloomberg Intelligence, explained that achieving a sevenfold revenue increase would require favorable provisions in the final cryptocurrency legislation. He identified the ability to pay out stablecoin rewards as one of the key variables.

South Korean crypto exchange Upbit announced that it is temporarily suspending withdrawals for Flow (FLOW) due to a halt in the network's block generation.

Zach Witkoff, CEO of World Liberty Financial (WLFI), has refuted community allegations of insider trading at the firm. He described the claims as "malicious nonsense," emphasizing that WLFI is a governance token. Witkoff stated that the World Liberty Financial team does not operate an exchange and therefore has no access to any data that could be used for insider trading. He added that those making the allegations are either of very low intelligence or are knowingly spreading false information. The denial comes after on-chain analyst ZachXBT announced he would expose insider trading at an anonymous crypto firm on Feb. 26. Community members have speculated that the firm in question could be Polymarket, Meteora (MET), or WLFI.

The number of active Bitcoin addresses has declined for six consecutive months. In an analysis on X, Cointelegraph noted that this trend is similar to the one observed before Bitcoin's 30% crash in 2024.

According to CoinNess market monitoring, BTC has fallen below $64,000. BTC is trading at $63,922.68 on the Binance USDT market.

The People's Bank of China (PBoC) announced it is holding its Loan Prime Rate (LPR), which serves as the country's de facto benchmark lending rate, steady. The one-year LPR remains at 3%, and the five-year LPR is unchanged at 3.5%.

Binance announced on its official website that it will delist 10 cross margin pairs and nine isolated margin pairs at 6:00 a.m. UTC on Feb. 26. The affected cross margin pairs include POL/USDC, ALCX/USDT, SAPIEN/USDC, PNUT/USDC, ARKM/USDC, BROCCOLI714/USDC, OPEN/USDC, CKB/USDC, HOLO/USDC, and FIL/BTC. The isolated margin pairs to be removed are POL/USDC, ALCX/USDT, SAPIEN/USDC, PNUT/USDC, ARKM/USDC, OPEN/USDC, CKB/USDC, HOLO/USDC, and FIL/BTC.

South Korean crypto exchange Coinone announced it will delist MilkyWay (MILK) at 6:00 a.m. UTC on March 27.

Cryptocurrency exchange Backpack will provide users who stake its upcoming native token with an option to acquire equity in the company, Cointelegraph reported. Users who stake Backpack tokens for a minimum of one year will have the opportunity to exchange them for company shares at a fixed ratio. The total equity allocated to staking participants is capped at 20%. Backpack recently unveiled its token generation event (TGE) plan and tokenomics, announcing that 25% of the total supply will be unlocked at the TGE. This initial unlock will be allocated to point holders (24%) and NFT holders (1%).

Ethereum founder Vitalik Buterin sold 10,723 ETH, worth $21.74 million, in February, Onchain Lens reported. The average selling price was $2,027. Of this total, approximately 3,765 ETH ($7.08 million) was sold over the past three days. Buterin had previously stated on Jan. 30 that he planned to sell 16,384 ETH to support the Ethereum ecosystem.

The Ethereum Foundation (EF) has established a new dedicated team to support DeFi protocols, The Block reported. The team includes a governance developer from MakerDAO (MKR, now SKY) and a co-founder of Gearbox Protocol. The team is set to support development in areas including: - User-controlled AI - On-chain futures markets - Communities based on futarchy, a governance model where values are determined by voting and implementation methods by prediction markets - Privacy-preserving collateralized loans using zero-knowledge (ZK) proofs The foundation also plans to strengthen its collaboration with individual DeFi projects. It stressed that DeFi must evolve while upholding the core principles of being permissionless, censorship-resistant, privacy-first, self-custodial, and open-source.