Live Feed

Institutional investors have not engaged in panic selling during the initial stages of Bitcoin's decline, according to a report from European crypto asset manager CoinShares. CoinDesk reported that while professional investors and asset managers have slightly reduced their exposure and hedge funds have deleveraged to move into other markets, their overall positions have remained at levels similar to last year. The report added that long-term investors, including endowments, pension funds, and sovereign wealth funds, are continuing to quietly accumulate BTC.

Cryptocurrency exchange BackPack announced it has appointed Mark Wetjen, a former Commodity Futures Trading Commission (CFTC) Commissioner and Acting Chairman, as president of its U.S. entity.

Tether, the issuer of USDT, announced a strategic investment in the global payments infrastructure company Axiym. Axiym aims to build a global decentralized finance and settlement infrastructure within a regulatory framework. The company also plans to expand the circulation of USDT by natively integrating USDT-based payments.

Iran has attacked a U.S. military headquarters in Erbil, Iraq, with drones, Walter Bloomberg reported.

Whale Alert reported that 2,625,767 SOL has been unlocked from escrow at an unknown wallet.

Whale Alert reported that 2,318,449 SOL has been unlocked from escrow at an unknown wallet.

New U.S. weekly jobless claims totaled 213,000 for the week of Feb. 22–28, coming in below the forecast of 215,000. The weekly jobless claims figure is a key indicator the Federal Reserve uses to assess the labor market when making interest rate decisions. A higher-than-expected number signals an increase in layoffs, suggesting a cooling labor market and potentially providing the Fed with a reason to cut interest rates. Conversely, a lower-than-expected figure points to a robust labor market, which could support the Fed's decision to hold or raise rates to focus on curbing inflation.

London-based neobank Revolut has applied for a banking license with the U.S. Office of the Comptroller of the Currency (OCC), CoinDesk reported. If granted, the license would allow Revolut to operate in the U.S. in a manner similar to a traditional bank, giving it direct access to the Federal Reserve's (Fed) payment systems, including Fedwire and the Automated Clearing House (ACH). The company would also be able to offer lending products such as credit cards and personal loans. Revolut currently provides account and payment services in the U.S. through its partner, Lead Bank.

Bitcoin may be forming a bottom around $60,000 and could be poised for a technical trend reversal, according to analysts. Cointelegraph reports that crypto analyst Jelle noted an Adam and Eve pattern, a type of double bottom, is appearing on the BTC/USD 12-hour chart. This pattern is interpreted as a bullish signal indicating a potential shift from a downtrend to an uptrend. Jelle assessed that for the bullish momentum to continue, Bitcoin must hold the $70,000 level, warning that failure to maintain this support could lead to a significant increase in volatility. Separately, Nic Puckrin, CEO of Coin Bureau, explained that the Bitcoin-to-gold price ratio (BTC/XAU) has been in a downtrend for 13 months since its peak in December 2024. He pointed out that in the past three cycles, it took approximately 14 months for the ratio to move from its peak to the bottom, a timeline that has generally coincided with bear market bottoms.

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has invested in OKX, Fortune reported. The investment was made at a valuation of $25 billion.

Binance announced it will list OPN perpetual futures at 1:00 p.m. UTC on March 5.

Cryptocurrency trading platform InsightX announced via X that it now supports a service to visualize holder distribution and identify potential supply risks for tokens issued on the Sui network.

Mitsubishi UFJ Financial Group (MUFG), one of Japan's three largest banks, has announced a joint proof-of-concept test for stablecoins with Mizuho Bank and Sumitomo Mitsui Banking Corporation (SMBC), Cointelegraph reported.

Digital asset manager Apollo Crypto is set to manage mEVUSD, a USDC-based tokenized product, The Block reported. The product was jointly developed by non-custodial staking infrastructure provider Everstake and on-chain investment platform Midas. mEVUSD is designed with a strategy to generate yield from idle stablecoin funds. It focuses on minimizing market directional risk by pursuing profits from financial and interest rate spreads rather than betting directly on cryptocurrency price appreciation. The target annual yield is between 7% and 12%.

Whale Alert reported that 850,000,000 USDT has been transferred from Aave to HTX. The transaction is valued at about $850 million.

Board members of American Bitcoin (ABTC), a Bitcoin mining firm involving President Donald Trump's sons Donald Trump Jr. and Eric Trump, have purchased a significant amount of company stock, CoinDesk reported. According to a filing, Justin Mateen, a co-founder of Tinder who joined the ABTC board in March 2025, bought approximately 130 shares. Another board member, Richard Busch, a partner at the law firm King & Ballow, acquired 330,000 shares. The transactions are notable as they are the first purchases made shortly after the insider trading window opened following the company's recent earnings announcement.

A Coinbase shareholder has filed a lawsuit against the company's executives and directors for alleged failures in compliance and disclosure oversight, Cointelegraph reported. The defendants include Coinbase CEO Brian Armstrong, co-founder Fred Ehrsam, and Chief Legal Officer Paul Grewal. The plaintiff claims that from the company's direct listing in April 2021 until June 2023, it provided investors with false or misleading information. The suit also points out that these oversight failures ultimately led to regulatory sanctions. In early 2023, Coinbase reached a $100 million settlement with the New York State Department of Financial Services over deficiencies in its anti-money laundering systems. Separately, it was fined $5 million by New Jersey for listing unregistered securities.

According to CoinNess market monitoring, BTC has risen above $73,000. BTC is trading at $73,077.13 on the Binance USDT market.

Stablecoin net inflows surged to $1.7 billion last week, a 414.5% increase from the prior week, amid a recovery in on-chain activity, according to a report from blockchain analytics firm Messari cited by Cointelegraph. While trading volume increased by 6.3%, the average transaction size continued to decline. The report explained that retail investor-led on-chain activity is strengthening and demand for stablecoin issuance is growing again.

A wallet associated with crypto market maker Cumberland has withdrawn a total of 46,620 ETH ($98.8 million) from Binance, Coinbase, and crypto custody firm Copper over the past 16 hours, Lookonchain reported. Withdrawals from exchanges are typically interpreted as a move to hold the assets.

The UK Reform Party has become the top recipient of political donations among the country's major parties after securing large contributions that include cryptocurrency. According to DL News, crypto investor Christopher Harborne has donated a total of £12 million to date. The contributions followed the party's decision in May 2025 to begin accepting donations in cryptocurrencies like Bitcoin, making it the only major UK party to do so. Meanwhile, chairs of UK parliamentary committees have called for a ban on such donations, citing concerns that they could heighten the risk of foreign interference and complicate efforts to trace the source of funds.

Western Union, the world's largest remittance payment company, announced a partnership with Web3 infrastructure provider Crossmint ahead of the launch of its Solana-based stablecoin, USDPT. Crossmint will provide wallet services and payment APIs for the issuance of USDPT.

South Korea’s Financial Services Commission (FSC) has announced it will expedite plans to allow corporations to participate in the digital asset market, The Herald Business reported on March 5. Speaking at an academic conference in Seoul, Hong Jae-seon, an official from the FSC's Virtual Asset Division, explained that while the commission has been pursuing corporate market participation since last year, progress was slowed by the need to address various incidents and review supplementary measures. "We are reviewing it with a focus on market stability, internal controls, and anti-money laundering (AML)," Hong said. He stated that corporate participation is a prerequisite for the successful implementation of the country's upcoming "second-phase" digital asset legislation, which will diversify business classifications within the sector. "We will do it as quickly as possible in conjunction with the discussions on the second-phase law," he added, noting that over-the-counter (OTC) trading and the role of market makers (LP) could also become necessary in the long term.

Bitcoin zero-knowledge rollup project Citrea is set to hold an offline meetup, "Citrea Community Kickoff," in Seoul at 9:00 a.m. UTC on March 5. This marks the project's first event in South Korea since its mainnet launch in January. Esad Yusuf Atik, co-founder and CTO of Citrea, will attend in person to deliver a presentation on the mainnet and roadmap. Citrea, which launched its mainnet in January, announced the establishment of its foundation a few days ago.

Firmachain (FCT2) announced that it is rebranding to Baseline. The new token will be used to activate the verification protocol, in addition to retaining the existing functions of FCT and FCT2 tokens, such as staking, governance, and fee payments. It will be swappable with the existing tokens at a one-to-one ratio, with the new ticker to be announced at a later date.