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The slow recovery of the Bitcoin Coinbase Premium's 30-day moving average (SMA) is being cited as a potential bearish factor, according to crypto analyst nino. In a CryptoQuant contribution, nino noted that the metric is facing resistance as it attempts to turn positive. "The 30-day SMA for the BTC Coinbase Premium briefly surpassed zero but failed to maintain its momentum this week," he added. The Coinbase Premium Index measures the price difference between the U.S.-based crypto exchange Coinbase and the global market average, with a rising value typically indicating strengthening buying pressure from U.S. investors.

Binance has announced the listing of the ADA/U, DOGE/U, PEPE/U, and TAO/USD1 spot trading pairs, scheduled for 8:00 a.m. UTC on Feb. 25.

Bitcoin is testing a critical support level between $60,000 and $63,000, with an analysis suggesting that a failure to hold the $60,000 mark could lead to a drop to $47,000. According to The Block, Andri Fauzan Adziima, head of research at crypto exchange Bitrue, said that if BTC successfully holds its current support, a short squeeze could occur, amplified by negative funding rates. He added that improving macroeconomic conditions and a resumption of ETF inflows could further fuel this phenomenon. Conversely, Adziima warned that a drop below $60,000 combined with a deteriorating macro environment could push the price down to the mid-$50,000s and even to $47,000. In this case, long-term investors might also capitulate and sell, potentially creating a deeper market bottom. Meanwhile, as BTC gave up the $63,000 level today, Presto Research analyst Jeong Min-gyo stated that the decline was due to a general worsening of sentiment across the crypto market rather than a specific factor. He added that in the short term, macro-related news, such as U.S. tariff issues and escalating U.S.-Iran tensions, is stimulating risk-averse sentiment among investors.

South Korean crypto exchange Coinone announced it will list Litentry (LIT) for KRW trading at 3:00 a.m. UTC on Feb. 25.

Global cryptocurrency research firm Four Pillars has published a report titled 'Fluent: An Integrated Operating System for Reputation.' According to the report, the current crypto ecosystem has more than 10 reputation protocols based on social activity, on-chain transactions, peer endorsements, and identity verification. This fragmentation creates inefficiencies, forcing each project to build separate Sybil (fake user) detection systems due to differing standards and data structures. The report also notes that reputation is often tied to specific chains and platforms, making it difficult to transfer, and remains vulnerable to manipulation due to the limitations of off-chain data verification. Four Pillars states that Fluent addresses these issues with a "blended execution environment" that combines EVM, SVM, and Wasm, allowing data from multiple chains to be verified and combined in a single environment. The firm predicts this will enable new models that use on-chain reputation as an economic variable, such as for determining reputation-based loan rates, evaluating curators, and measuring agent reliability.

The Chicago Mercantile Exchange (CME) is solidifying its position as the central hub for institutional cryptocurrency trading, according to a CoinDesk analysis. The shift comes as the CME Group prepares to introduce 24-hour trading for its crypto futures and options products on May 29. CoinDesk noted that the CME is already a leader in the Bitcoin futures market by open interest, with its contracts serving as the basis for hedging activities related to U.S. spot Bitcoin ETFs. Previously, the exchange's weekend closures created the "CME gap," preventing institutions from adjusting their positions while offshore exchanges remained active. The introduction of around-the-clock trading is expected to eliminate this restriction and likely narrow the price difference between CME futures and perpetual swaps on offshore exchanges. The analysis also predicted that as institutional involvement on the platform grows, Bitcoin's short-term price movements will become more sensitive to global risk sentiment.

South Korean crypto exchanges Bithumb and Coinone have announced the delisting of Neiro (NEIRO), effective at 6:00 a.m. UTC on March 27. Bithumb stated that the decision was made because the materials submitted by the Neiro foundation were insufficient to resolve the issues that had led to the token being placed under an investment warning.

OKX has announced it will delist six perpetual futures contracts: CAT/USDT, MOG/USDT, XAN/USDT, FUN/USDT, ACE/USDT, and PROMPT/USDT. The delisting is scheduled for 8:00 a.m. UTC on Feb. 27.

KB Kookmin Bank has renewed its real-name account partnership with South Korean cryptocurrency exchange Bithumb but has shortened the contract term from one year to six months, the Seoul Shinmun reported. While technically a renewal, the decision to halve the typical annual contract period signals a more cautious, conditional approach from the bank. The move is seen as a response to the increased risk management burden on the bank, following a police investigation into allegations of hiring favors at Bithumb, compounded by the exchange's recent large-scale erroneous Bitcoin payout incident.

South Korean police plan to entrust seized cryptocurrencies, such as Bitcoin, to virtual asset service providers for custody, Money Today reported. The police intend to restructure their procedures for managing seized assets, categorizing the process into preparation, seizure, storage, and transfer to prosecutors. Under the new system, management responsibility will be explicitly assigned not only to investigators but also to evidence managers and investigation support team leaders. The police have already secured the budget for the new custodial arrangement.

Hong Kong-based stablecoin payment firm RedotPay is considering a U.S. initial public offering (IPO), Bloomberg Law reported, citing multiple sources. JPMorgan, Goldman Sachs, and Jefferies are set to act as lead underwriters for the listing, which could take place as early as this year. The company is reportedly aiming to raise $1 billion and is seeking a valuation of over $4 billion.

South Korean crypto exchange Bithumb has announced the listing of GoPlus (GPS) on its KRW market. Trading is scheduled to begin at 10:00 a.m. UTC on Feb. 24.

Strategy (MSTR) has an unrealized loss of over $9 billion on its Bitcoin holdings, while Bitmine (BMNR) faces an unrealized loss of over $8.4 billion on its Ethereum (ETH) holdings. According to data from deathspiral, Strategy's unrealized BTC loss stands at approximately $9.17 billion, and Bitmine's unrealized ETH loss is around $8.40 billion. Strategy currently holds 717,722 BTC at an average purchase price of $76,019, while Bitmine holds 4,422,659 ETH at an average purchase price of $3,730.

Crypto venture firm Framework Ventures has partnered with mortgage service company Better to pursue a $500 million mortgage tokenization project linked to the Sky (formerly MakerDAO) ecosystem. According to Cointelegraph, Better and Framework Ventures plan to supply $500 million in credit to the Sky stablecoin ecosystem. The project also includes the issuance of yield-bearing tokens linked to mortgages.

Blockchain analytics firm TRM Labs announced it has partnered with banking infrastructure company Finray Technologies to build an integrated system for monitoring both cryptocurrency and fiat currency transactions. The system is designed to help financial institutions implement a systematic monitoring program that complies with the European Union's Markets in Crypto-Assets (MiCA) regulation and anti-money laundering obligations.

Upbit announced it will list Espresso (ESP) for trading against the won (KRW), BTC, and USDT at 8:00 a.m. UTC on Feb. 24.

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: 49.41% long, 50.59% short - Binance: 48.88% long, 51.12% short - OKX: 49.34% long, 50.66% short - Bybit: 48.27% long, 51.73% short

South Korean crypto exchange Bithumb announced that it will list Espresso (ESP) on its KRW market at 8:00 a.m. UTC today.

South Korea's National Tax Service (NTS) plans to build an AI-powered 'Virtual Asset Integrated Analysis System' to track the country's 8 billion annual cryptocurrency transactions, the Maeil Business Newspaper reported. The NTS is expected to commission a research project for the system's construction soon. This initiative aims to systematically analyze transaction data to prevent tax evasion ahead of the implementation of virtual asset taxation and mandatory data submission by exchanges starting next year.

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