Live Feed

Enso (ENSO) has experienced a flash crash on the South Korean crypto exchange Upbit, plummeting over 25% in approximately 20 minutes. The token dropped from the 3,970 won level at approximately 12:15 p.m. UTC to its current price of around 2,820 won.

According to CoinNess market monitoring, BTC has risen above $66,000. BTC is trading at $66,014.24 on the Binance USDT market.

Bitcoin-related stocks TeraWulf (WULF), Cipher Digital (CIFR), and Hut 8 (HUT) are showing more positive price movements than Bitcoin itself, CoinDesk reported, citing a 10x Research report. In February alone, TeraWulf surged 31%, while Cipher Digital and Hut 8 rose 8% and 6%, respectively. 10x Research explained that these companies are rallying based on their energy competitiveness, not just their involvement in BTC mining. CoinDesk added that Bitcoin is trading between major resistance at $72,000 and key support at $60,000, despite a recovery in spot ETF inflows.

Marc Zeller, founder of the Aave governance group Aave Chan Initiative (ACI), has sharply criticized a new $51 million funding request from Aave developer Aave Labs, The Block reported. Zeller argued that despite securing $86 million through various channels since 2017, Aave Labs has delivered underwhelming results for its cost and lacks financial transparency. He also re-raised allegations that the developer misappropriated $5.5 million without a governance vote. The criticism comes just one day before a Snapshot vote on the "Aave Will Win" governance proposal concerning the protocol's transition to V4, heightening tensions within the community.

Zero-knowledge (ZK) verification computing platform Brevis has announced an update to its Pico Prism zero-knowledge virtual machine (zkVM). The company successfully proved over 99% of Ethereum blocks in real time using just 16 RTX 5090 GPUs installed on two machines. Brevis stated this is a significant improvement from last October, when it used 64 GPUs across eight servers. While the average proof time remained at 6.91 seconds, the GPU cost was reduced from $128,000 to $32,000, bringing the total hardware cost to approximately $100,000. The company noted that this aligns with the Ethereum Foundation's capital expenditure (capex) target for real-time proof infrastructure.

USDC issuer Circle announced that its fourth-quarter revenue reached $770 million, a 77% increase from the same period last year. The company posted a net income of $133 million for the quarter. The circulating supply of USDC currently stands at $75.3 billion. For the 2025 fiscal year, Circle's revenue grew 64% year-over-year to $2.7 billion. However, the company recorded a net loss of $70 million, attributed to stock-based compensation related to its initial public offering (IPO). During that period, the circulating supply of USDC increased by 40%.

Bitwise Chief Investment Officer (CIO) Matt Hougan has argued that crypto assets may be structurally undervalued because investor perception has not kept pace with Wall Street's accelerating adoption of on-chain financial infrastructure. The Block reported that in a client memo, Hougan stated that investors are underestimating market changes because they remain fixated on past events like the Silk Road marketplace and the collapse of Mt. Gox. He highlighted that Wall Street is already rapidly adopting on-chain infrastructure, citing examples such as BlackRock's launch of a tokenized Treasury fund and its investment in Uniswap, Apollo's tokenization of a credit fund, and JPMorgan's issuance of a deposit token on the Ethereum L2 Base. Hougan also noted that the tokenized asset market has grown to $20 billion and has significant potential for growth.

The Bitcoin miner capitulation phase is entering its final stages, raising the possibility of a price bottom, CoinDesk reported. The Hash Ribbon indicator is reportedly on the verge of signaling an end to a roughly three-month period of miner stress. Bitcoin's price fell from approximately $90,000 last November to around $60,000 this February. The analysis suggests that with the current price trading below the average production cost of about $66,000, the market is in an undervalued phase similar to the bottom formation seen in November 2022.

South Korean crypto exchange Upbit has announced it will support the rebranding and token swap for Mantra (OM). Deposits and withdrawals for OM will be temporarily suspended starting at 2:00 p.m. UTC on March 1. As part of the rebranding, the token's ticker will change from OM to MANTRA, and tokens will be swapped at a ratio of one OM to four MANTRA.

Retail investors are exiting the market with record-high realized losses amid the recent Bitcoin correction, while large-scale investors are accumulating, according to a CryptoQuant contribution by analyst CW8900. The analyst noted that on-chain realized losses for BTC reached approximately $3.2 billion on Feb. 5, with net realized losses hitting $13.6 billion on Feb. 7, reflecting the market fear at the time. While retail investors showed signs of capitulation, large addresses holding over 1,000 BTC have accumulated approximately 270,000 BTC, worth $23 billion, over the past 30 days. CW8900 concluded that the current situation is a strong correction rather than a simple bear market, and market health is recovering as excessive leverage unwinds. A strong rebound is expected once selling pressure from retail investors subsides, as large addresses continue to absorb the supply.

MicroStrategy (MSTR) has the highest short interest relative to its market capitalization in the U.S. stock market, but experts view the trend as a basis trade rather than a simple bearish bet, CoinDesk reported. MSTR's current short interest stands at 14% of its market cap, with Coinbase (COIN) also showing a high level at 11%. The outlet explained that experts see a higher probability of an arbitrage trade linked to spot BTC ETFs. This strategy involves buying a spot BTC ETF while simultaneously shorting MSTR to profit from the premium at which the company's shares trade relative to its Bitcoin holdings. However, the strategy has so far been unsuccessful this year, as MSTR has fallen 20% while the iShares Bitcoin Trust (IBIT), a leading spot BTC ETF, has declined 27%.

An address believed to belong to crypto hedge fund Arrington Capital withdrew 20,000 ETH, worth $38.28 million, from Binance and Deribit five hours ago, according to The Data Nerd. Withdrawals from exchanges are often interpreted as a sign of intent to hold.

Bitcoin has posted a slight rebound despite market rumors of selling pressure from major U.S. market-making firm Jane Street, Cointelegraph reported. Speculation had circulated that Jane Street was driving down prices through algorithmic selling at 10 a.m. U.S. time each day. Jane Street has denied the allegations, calling them "baseless claims." The outlet added that other potential reasons for the price rebound include extremely thin exchange order books and a short squeeze. BTC is currently trading at $65,470.19, up 3.73%, according to CoinMarketCap.

Bithumb has announced that it will temporarily suspend deposits and withdrawals for the Polygon Ecosystem Token (POL) starting at 9:00 a.m. UTC on March 4. The suspension is due to a scheduled mainnet upgrade.

The Gyeonggi Bukbu Provincial Police Agency has arrested and is investigating two suspects for stealing Bitcoin that had been seized and was being held by Seoul's Gangnam Police Station, TV Chosun reported. The pair is accused of siphoning off 22 BTC, valued at approximately 2.1 billion won ($1.8 million) at the time, around November 2021. The Bitcoin had been voluntarily submitted to the police during a criminal investigation. An investigation revealed that the Gangnam Police Station was only storing the physical USB-type hardware wallet and was unaware that the assets could be withdrawn remotely by anyone who knew the wallet's recovery phrase.

Cryptocurrency accounted for 134.9 billion won ($101 million), or 15.8%, of the 850 billion won ($637 million) in criminal proceeds recovered by South Korean police last year, MoneyToday reported, citing data from Democratic Party lawmaker Chae Hyun-il. The data also showed that damages from illegal activities involving cryptocurrency, such as investment fraud, totaled 443 billion won ($332 million). The report attributed the ongoing trend of crypto-related crime and seizures to the increased use of digital assets and the diversification of criminal methods.

Selling pressure is dominating the Bitcoin market, with perpetual futures funding rates remaining in negative territory for an extended period, according to crypto analyst Gaah in a CryptoQuant contribution. He noted that sellers have been the primary market force since July of last year, while buyers have only managed to absorb the selling volume. Current selling pressure is at its highest level in three months. However, Gaah explained that the high-leverage situation, which persisted for 16 months, has been gradually easing since Bitcoin reached a new all-time high last October. Recent price declines have triggered forced liquidations and capitulation, leading to a lower leverage ratio, which he described as a positive signal for prices.

Ethereum founder Vitalik Buterin may have sold tens of millions of dollars worth of ETH near the market bottom, crypto analyst Ali Martinez said, according to CryptoPotato. Martinez explained that Buterin sold when ETH's MVRV (Market Value to Realized Value) ratio was at 0.78, noting that the cryptocurrency has often formed macro bottoms when this ratio falls below 0.8. While ETH is currently undervalued based on on-chain metrics, Martinez warned that further price drops are possible if selling pressure continues. He identified key support levels at $1,800, $1,584, and $1,238, with a final capitulation point at $1,089. Over the past month, Buterin has sold a total of 11,422 ETH, valued at $23.33 million. The sales were reportedly to support the Ethereum ecosystem, and he still has approximately 5,000 ETH remaining to be sold.

The Seoul Gangnam Police Station may have violated internal guidelines in its handling of 22 BTC that went missing while being held as evidence, KBS reported. In March 2022, the National Police Agency established a rule under its integrated evidence management guidelines requiring seized virtual assets to be transferred to and stored in an official police cold wallet. However, the Gangnam station, which had received the 22 BTC as a voluntary submission in 2021, reportedly kept the assets in an external cold wallet instead of the official one. The Bitcoin is presumed to have been lost in May 2022, after the new guidelines were already in effect.

Crypto bank Anchorage Digital has purchased Strategy preferred stock (STRC), CoinDesk reported. STRC is structured to provide dividend income without a maturity date and has a higher repayment priority than common stock. Anchorage Digital CEO Nathan McCauley said that institutions are now moving beyond discussing Bitcoin to reorganizing their capital structures around the asset. He added that the investment of capital by a Bitcoin infrastructure company like Anchorage into a treasury strategy firm like Strategy is a significant signal in itself.

U.S. federal prosecutors for the Eastern District of North Carolina have seized $61 million in USDT linked to a cryptocurrency investment scam, The Block reported. The scammers gained the victims' trust through romance scams, then defrauded them by proposing cryptocurrency investments that promised high returns.

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