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Tradeweb Markets has partnered with prediction market Kalshi to make it easier for institutional investors to access prediction markets, according to Walter Bloomberg. As part of the partnership, Tradeweb will also invest a minority stake in Kalshi, and Kalshi's real-time data will be integrated into the Tradeweb platform.

The three major U.S. stock indices opened lower today. - S&P 500: -0.30% - Nasdaq: -0.40% - Dow Jones: -0.31%

Minneapolis Fed President Neel Kashkari, one of the most prominent crypto skeptics within the U.S. Federal Reserve, has stated that cryptocurrency is completely useless, according to Walter Bloomberg.

The pace of net inflows into spot Bitcoin ETFs has surpassed industry expectations, according to Bloomberg analyst Eric Balchunas. In a post on X, Balchunas noted that cumulative net inflows for the ETFs peaked at $63 billion last October and currently stand at $53 billion, marking a $53 billion increase in assets under management in just two years. He added that Bloomberg's own forecast for first-year net inflows was more optimistic than most, predicting a range of $5 billion to $15 billion.

Voltage has launched a programmatic revolving credit line that allows businesses to make instant payments and repay balances in U.S. dollars via the Lightning Network. According to The Block, the product is designed for companies that want to use the Bitcoin payment system without holding the cryptocurrency on their balance sheets. The offering aims to bridge a structural gap in corporate finance. There are no loan fees, and a fixed annual interest rate is applied to any outstanding balance.

Blockchain project Soil has launched a real-world asset (RWA)-based yield protocol on the XRPL that utilizes Ripple's stablecoin, RLUSD, The Block reported. The protocol is designed to allow RLUSD holders to earn a fixed income by depositing their crypto into on-chain vaults. An initial $1 million pool was filled within 72 hours of its launch. The developer, ORQO, holds regulatory licenses in Poland and Malta.

Artificial intelligence project Sentient (SENT) has announced the official launch of its foundation. The Sentient Foundation is a non-profit organization that aims to maintain open-source artificial general intelligence (AGI), ensure its development in a decentralized manner, and align it with the interests and values of all humanity. The foundation plans to support the open AGI ecosystem by establishing AGI standards and oversight systems, fostering global research collaboration, supporting open-source developers, building a governance framework, and hosting global forums.

CME Group plans to launch a 24-hour trading service for its cryptocurrency futures and options products starting May 29, Walter Bloomberg reported.

Blockchain-based online lending platform Figure has announced the launch of its stock token, FGRD. According to CoinDesk, FGRD is offered on Figure's on-chain public equity network, OPEN. Investors can invest in FGRD through the Figure Markets app and a network-integrated self-custody wallet. The stock token can also be used as collateral for loans on the DeFi protocol Democratized Prime.

According to CoinNess market monitoring, BTC has fallen below $66,000. BTC is trading at $65,966.01 on the Binance USDT market.

U.S. initial jobless claims for the second week of February totaled 206,000, coming in below the forecast of 229,000. Weekly jobless claims are a key indicator the U.S. Federal Reserve uses to gauge the health of the labor market when making interest rate decisions. A higher-than-expected number of claims can signal that companies are increasing layoffs, suggesting a cooling labor market and potentially providing the Fed with a reason to cut interest rates. Conversely, a lower-than-expected figure indicates a robust labor market, which could give the Fed grounds to hold or raise rates to focus on curbing inflation.

The U.S. Court of Appeals for the Second Circuit has overturned the conviction of FTX founder Sam Bankman-Fried. In a post on X, Bankman-Fried said the appeals court acknowledged that the trial judge, Lewis Kaplan, had improperly excluded several pieces of evidence. Bankman-Fried claimed Judge Kaplan repeatedly blocked his testimony and excluded all evidence at the government's request. He added that the court had refused to admit evidence showing that FTX's business practices were in line with industry standards, did not threaten the company's solvency, and that its structures and contracts had been drafted and approved by lawyers. Bankman-Fried stated that he welcomed the appeals court's decision to correct these issues.

BlackRock has deposited 1,270 BTC, worth $84.92 million, and 15,409 ETH, valued at $30.22 million, to Coinbase Prime, according to Onchain Lens. Coinbase Prime is a prime brokerage platform that facilitates large-scale trading and custody for institutional investors.

Morgan Stanley increased its stake in Bitmine by approximately 26% at the end of last year, bringing its total holdings to over 12.1 million shares, Cointelegraph reported. The position was valued at $331 million at the end of the quarter.

Thomas Perfumo, a global economist at Kraken, predicts a high probability of a Bitcoin rebound if the price stabilizes in the $65,000 to $70,000 range. In an interview with DL News, he noted that options traders are betting on reduced volatility for BTC within that range. Perfumo pointed to similar trends during BTC corrections in August 2004 and March-April 2005, when recovery rallies followed periods of large-scale selling and high volatility. Additionally, he explained that the Coin Days Destroyed (CDD) indicator, which tracks long-term holdings, has fallen to low levels after a spike in 2024-2025. This signals a decrease in selling from long-term investors, creating conditions for the market to stabilize as supply pressure eases, he added.

Uniswap is considering applying protocol fees to all V3 pools, The Block reported. Additionally, the project is pursuing an expansion to eight chains: Arbitrum, Base, Celo, OP Mainnet, Soneium, X Layer, World Chain, and Zora.

The UAE's Royal Group, a conglomerate linked to the Abu Dhabi royal family, has recorded around $344 million in unrealized profit from its BTC mining operations, The Block reported. This figure excludes energy costs. The group holds a total of 6,782 BTC through Citadel Mining, in which it owns a majority stake, and has mined an average of 4.2 BTC per day over the past week.

Bitcoin is at risk of a deeper correction in the coming weeks and is highly likely to break below the key $60,000 support level, according to an analysis. In an interview with Bloomberg Television, Bobby Lee, co-founder of hardware wallet manufacturer Ballet, said that recent Bitcoin volatility has been primarily driven by leveraged trading in the spot, futures, and options markets. He predicted that if the crucial $60,000 support level is breached, a wave of long position liquidations could push the price down to the $50,000 to $55,000 range. Lee added that Bitcoin entered a bear market after hitting a new high last October and that investors holding long positions will experience short-term pain. He also suggested that a true capitulation could occur if Bitcoin were to fall 80% from its peak to the $20,000 range.

With South Korea's virtual asset tax set to take effect in 10 months, the administrative and legal preparations to support the system are at a standstill, Aju Business Daily reported. Typically, subordinate statutes for major tax laws are established up to a year in advance, but last year's tax reform proposal included virtually no supplementary details on the matter. Kim Gap-lae, a senior research fellow at the Korea Capital Market Institute, said that controversy over the lack of preparation is inevitable, given that an amendment to the Income Tax Act submitted to the National Assembly last year also lacked specifics on virtual assets. He added that if the current situation persists, the possibility of a fourth postponement cannot be ruled out.

An address associated with the UXLINK (LINK) hack, which had been inactive for the past three months, purchased 5,493.26 ETH ($10.87 million) in the last hour, according to on-chain analyst ai_9684xtpa. The analyst noted that the hacker currently holds 21.42 million DAI, suggesting the possibility of further purchases.

South Korean crypto exchange Bithumb has announced that it will temporarily suspend deposits and withdrawals for CTK, effective from 9:00 a.m. UTC on Feb. 25.

An analysis suggests that Bitcoin is exhibiting a signal previously observed only at major market bottoms. CryptoQuant contributor MorenoDV noted that BTC's short-term Sharpe Ratio, a measure of risk-adjusted returns, has fallen to -38.38. This indicates that losses relative to volatility have reached a maximum. MorenoDV explained that similar levels were seen at the end of 2015, 2019, and 2022, with each instance followed by a sharp rebound after hitting a major low. "Based on these past cases, the current period presents a highly favorable profit-to-loss expectation from a medium- to long-term perspective," he stated. "However, a macro liquidity shock could prolong the bottoming process."

The zero-knowledge (zk) rollup Layer 2 project Fluent is maximizing composability by enabling virtual machines (VMs) from different chains to run on a single chain, according to a report from Asian Web3 research and consulting firm Tiger Research. In the report, titled 'Fluent: All VMs as a Single Lego Block,' the firm argued that the performance war among chains is over and the next competitive frontier will be interoperability between VMs. The report noted that while most chains today have sufficient performance, ecosystems like Ethereum and Solana use different VMs, preventing them from compatibly executing the same transactions. Fluent aims to solve this by supporting the integration of multiple VMs within a single chain through a feature called "Blended Execution," breaking down the barriers between them. Tiger Research added that Fluent is building an on-chain environment with real users, rather than focusing on vanity metrics, through initiatives like the on-chain reputation aggregator Prints and the ecosystem accelerator Blended Builders Club (BBC).

While Bitcoin (BTC) long-term holders have resumed buying, the momentum is not yet strong enough to drive a price increase, according to an analysis by CryptoQuant contributor Burak Kesmeci. He explained that for the past six months, long-term holders consistently sold BTC near its price peaks. However, this trend halted and shifted to an accumulation phase after the price fell to the $62,000 to $68,000 range on Jan. 12. Since the beginning of the year, the average daily net accumulation by these holders has expanded to approximately 115 BTC, and selling pressure from this cohort appears to have virtually disappeared. Kesmeci noted that this pattern is similar to past "stagnation periods" that preceded large-scale volatility, suggesting that selling pressure from long-term holders is likely to remain limited for the time being.

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: 49.47% long, 50.53% short - Binance: 49.52% long, 50.48% short - OKX: 48.98% long, 51.02% short - Bybit: 49.52% long, 50.48% short