Live Feed

An analysis suggests that Bitcoin could rebound by re-establishing its correlation with U.S. stocks. According to on-chain analytics firm Santiment, Bitcoin has decoupled from the U.S. stock market over the past six months, reaching its lowest correlation since the collapse of FTX. The firm noted that since August of last year, gold has risen 51% and the S&P 500 has gained 7%, while Bitcoin has fallen 43%. Historically, Bitcoin rose in tandem with the stock market during periods of low interest rates and economic expansion in 2021 and 2024, and declined alongside stocks during the rate-hike cycles of 2018 and 2022. In November 2022, the combination of interest rate hikes and the FTX bankruptcy caused a sharp drop to $15,700. Santiment concluded that when two historically correlated assets decouple, they often recouple in response to shifts in the macroeconomic environment and investor sentiment. If this pattern repeats, Bitcoin could see a significant rebound.

Binance has announced it will delist seven spot trading pairs at 3:00 a.m. UTC on Feb. 27. The affected pairs are DOT/BRL, GALA/BRL, GALA/EUR, GRT/ETH, GRT/EUR, OP/EUR, and SOL/ARS.

Bitcoin adoption is accelerating despite the asset's price correction, according to a new report from Bitcoin financial services firm River, cited by Cointelegraph. The report highlights that even with BTC down approximately 50% from its all-time high, adoption by institutions, banks, corporations, and nations has quickened. Over the past year, institutional investors accumulated a total of 829,000 BTC through corporations, governments, funds, and ETFs. The report notes that Registered Investment Advisors (RIAs) have been net buyers for eight consecutive quarters, and spot Bitcoin ETFs have seen inflows of about $1.5 billion per quarter over the last two years. Additionally, around 60% of major U.S. banks are reportedly developing Bitcoin-related products as the regulatory environment improves. Corporate investment saw the most significant growth, with volumes increasing 2.5 times year-over-year. Nation-state adoption has also expanded, with five new countries—including the sovereign wealth funds of Luxembourg and Saudi Arabia, the Czech central bank, Brazil, and Taiwan—beginning to hold Bitcoin. This brings the total number of countries holding BTC through mining, seized assets, or central banks to 23. River concluded that based on these trends, the pace of future BTC adoption is likely to accelerate further.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.53% long, 49.47% short - Binance: 50.66% long, 49.34% short - OKX: 49.48% long, 50.52% short - Bybit: 50.8% long, 49.2% short

Jeonbuk Bank has begun building a cryptocurrency wallet, Seoul Economic Daily reported. The bank has a partnership with crypto exchange Gopax to provide real-name deposit and withdrawal accounts. Binance recently became the largest shareholder in Gopax, holding a 67.45% stake.

According to CoinNess market monitoring, BTC has fallen below $65,000. BTC is trading at $64,993.73 on the Binance USDT market.

South Korea's Democratic Party is pursuing legislation that would require financial influencers, or "finfluencers," who recommend stocks and virtual assets to disclose their own financial holdings, The Herald Business reported. Kim Seung-won, a Democratic Party lawmaker on the National Assembly's National Policy Committee, is preparing to propose amendments to the Capital Markets and Financial Investment Business Act and the Virtual Asset User Protection Act. The core of the proposed amendments would mandate that any individual who repeatedly advises a specific group on trading financial products or virtual assets, or who does so for compensation, must disclose the payment received as well as the type and quantity of their own holdings. Penalties for violations are reportedly being considered at a level comparable to existing unfair trade practices in the capital markets, such as market manipulation and front-running.

A ruling from South Korea's Tax Tribunal has affirmed that companies established overseas for issuing cryptocurrency are subject to domestic corporate tax if their business is substantially managed from within South Korea. The tribunal disclosed that on Aug. 28 last year, it rejected an appeal filed by a Singapore-based entity, referred to as Corporation A. The appeal challenged a decision by the National Tax Service (NTS) to classify the firm as a domestic corporation and impose taxes on unreported digital asset sales. According to the case details, the NTS registered Corporation A as a domestic business in June 2023 and conducted a tax audit. The investigation concluded that the company had failed to report revenue from 28,531,385 of its issued tokens, leading to the tax assessment. In its ruling, the Tax Tribunal sided with the NTS, finding that Corporation A lacked a substantial place of management in Singapore and that its major business decisions were made in South Korea.

U.S. spot Ethereum ETFs saw a net inflow of $9.23 million (13.2 billion won) on Feb. 24, according to Trader T. The funds reverted to net inflows after just one day of outflows. - Fidelity's FETH: -$1.85 million - Grayscale's Mini ETH: +$11.08 million

Global financial services company Payoneer has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a charter to establish a national trust bank, Cointelegraph reported. The company plans to issue its own stablecoin, PAYO-USD, which will comply with the Stablecoin Regulation Act (GENIUS), for use in stablecoin payments. If approved by the OCC, Payoneer would be able to directly manage the PAYO-USD reserves and provide custody and stablecoin-to-fiat exchange services. Payoneer previously announced a partnership with Bridge, Stripe's stablecoin operator, to add stablecoin functionality to its cross-border transaction platform.

An address believed to belong to YZi Labs deposited 37.33 million EDU, worth $4.37 million, to Binance about 25 minutes ago, EmberCN reported. The move follows the sale of the address's entire holdings of ID, AI, and WOO, with the latest transaction representing its full EDU position. Deposits to exchanges are typically interpreted as an intention to sell.

Binance announced it will list the TAO/USD1 cross margin trading pair at 8:00 a.m. UTC today, followed by the ADA/U, DOGE/U, and PEPE/U cross margin pairs at 10:00 a.m. UTC on the same day.

U.S. spot Bitcoin ETFs saw net inflows of $257.29 million on Feb. 24, according to data compiled by Trader T. The funds returned to net inflows after a single day of net outflows. - BlackRock's IBIT: +$78.52 million - Fidelity's FBTC: +$82.81 million - Bitwise's BITB: +$3.5 million - Ark's ARKB: +$71.14 million - VanEck's HODL: +$12.76 million - Grayscale's Mini BTC: +$8.56 million

U.S. President Donald Trump said in a State of the Union address that his most preferred method for resolving the Iranian nuclear issue is through diplomatic channels. He stated that while Iran wants an agreement, it has not yet made a clear commitment not to manufacture nuclear weapons, and warned that the country will soon develop missiles capable of reaching the U.S. mainland. Trump added that he is working to end the war between Russia and Ukraine and will do his best to achieve peace as president.

Mastercard is hiring a dedicated executive for cryptocurrency payments, BeInCrypto reported. According to a LinkedIn posting, the position, titled "Director of Crypto Flows," will be responsible for overseeing the issuance of stablecoin-linked cards, expanding DeFi payments, and leading the overhaul of network regulations for Web3 transactions. The move is seen as a response to threats against the company's traditional card fee-based revenue model from the proliferation of stablecoins and the expansion of AI-driven commerce.

The Blockchain Association, a U.S. cryptocurrency lobbying group, has submitted recommendations to Congress regarding crypto taxation, Cointelegraph reported. In a statement, the association argued that stablecoins should be treated the same as cash and that small-value crypto transactions should be tax-exempt. It pointed out that requiring tax reporting on minor gains or losses from everyday transactions imposes excessive costs on individuals without significantly increasing tax revenue. Other recommendations included: - Applying wash sale rules to cryptocurrencies. - Including mining and staking rewards as subject to capital gains tax. - Incorporating stablecoin compensation measures into the proposed CLARITY Act.

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: $173.97 million liquidated (62.88% shorts) - ETH: $112.19 million liquidated (55.37% longs) - ESP: $12.83 million liquidated (83.11% shorts)

Amid President Donald Trump's first State of the Union address of his second term, Bitcoin skeptic and gold bull Peter Schiff argued on X that the recent surge in Bitcoin's price is likely front-running the event. He speculated whether Trump's aides had included content related to Bitcoin in the speech. Schiff predicted that if Bitcoin is not mentioned, a sell-off will occur. He added that even if it is mentioned, insiders who bought in advance are highly likely to sell to realize their profits, leading to downward pressure.

U.S. President Donald Trump said during a State of the Union address at the White House that all current tariff agreements have been finalized and are greatly benefiting the United States. While describing a Supreme Court ruling as regrettable, he noted the positive development that countries with tariff agreements are seeking to maintain them. According to Trump, these nations are adhering to the deals out of concern that tariff policies could become disadvantageous for them. He also stated that tariffs will eventually replace income tax.

In his first State of the Union address of his second term, U.S. President Donald Trump highlighted his administration's achievements in slowing inflation and fostering economic growth. He stated that inflation has been brought to a five-year low while mortgage rates have reached a four-year low, adding that this low-interest environment will help resolve the housing market crisis. Trump also noted that the U.S. has secured around $18 trillion in global investment commitments and over 80 million barrels of Venezuelan oil. He described the U.S. economy as the most dynamic in the world, with the stock market hitting new all-time highs, and said the country is achieving so many victories.

An address starting with GpCfm, which had been dormant for eight months, deposited $2.59 million worth of PUMP to Bitget eight hours ago, on-chain analyst ai_9684xtpa reported. Deposits to exchanges are typically interpreted as a precursor to selling. Over the past four days, the address has deposited a cumulative $5.15 million in PUMP. The wallet has been continuously receiving the token from the Pump.fun custody wallet and currently holds 2.08 billion PUMP.

An address associated with digital asset reserve company Forward Industries has deposited 8,200 ETH ($14.91 million) to Coinbase after holding the funds for two to three years, Onchain Lens reported. A sale at current prices would result in an estimated loss of $10.82 million.

Nasdaq-listed FG Nexus (FGNX), a company that holds Ethereum in its corporate treasury, sold an additional 7,550 ETH worth $14.06 million about eight hours ago, AmberCN reported. The company originally purchased 50,600 ETH for $200 million at an average price of $3,940 last August but began selling its holdings in November as the price of ETH fell. To date, FG Nexus has sold a total of 21,000 ETH, realizing a loss of $86.98 million.

An analysis from Coinbase Institutional suggests that Gamma Exposure (GEX), an options market indicator, has emerged as a key variable in determining Bitcoin's short-term price movements. GEX reflects how market liquidity is shaped by the hedging activities of options traders, with volatility being either suppressed or amplified depending on their gamma positions. The report identifies a major support level at $60,000 and strong resistance at $82,000. In a positive gamma environment, traders tend to sell into rallies and buy on dips, which typically reduces volatility and keeps prices range-bound. Conversely, a negative gamma environment is characterized by traders chasing upward moves and selling into downturns, which amplifies price swings. According to the analysis, the current BTC options structure has a distinct negative gamma zone between $60,000 and $70,000, indicating a potential for heightened volatility during a decline. Meanwhile, positive gamma is concentrated in the $85,000 to $90,000 range, making a sideways trend more probable than a sharp price surge.

Ethereum founder Vitalik Buterin sold an additional 675.88 ETH ($1.25 million) over the past nine hours, Lookonchain reported. Over the past month, Buterin has sold a total of 11,422 ETH ($23.33 million). This follows a statement he made on Jan. 30 that he would sell 16,384 ETH to support the Ethereum ecosystem.