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Ki Young Ju, CEO of CryptoQuant, highlighted issues with South Korea's management of seized crypto assets by comparing its record with that of the United States. On X, he stated that while the U.S. government has lost none of the 198,000 BTC it has seized to date, the South Korean government has lost 1,742 of the 2,333 BTC it confiscated. He added that someone must have accessed the private keys to steal the funds during the investigation, questioning who the perpetrator might be.

Grayscale has filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) to launch a spot AAVE ETF. AAVE is currently trading at $119.52, up 5.06%, according to CoinMarketCap.

A rebound in BTC early today triggered a short squeeze of around $96 million, with approximately $92 million of that total consisting of short positions, Cointelegraph reported. The outlet suggested the rebound was likely driven by buying pressure from the short squeeze targeting bearish positions. However, despite the recent price increase, key on-chain indicators remain negative. The seven-day exponential moving average of Bitcoin's Spent Output Profit Ratio (SOPR) has fallen to 0.96, its lowest level since November 2022, indicating that market confidence is still fragile. For a sustained uptrend to continue, the analysis concluded that there needs to be capital inflow from whale addresses and a recovery of the Short-Term Holder (STH) SOPR to above one. The STH SOPR metric indicates profit-taking when above one and loss realization when below it. A stable reading above one can be interpreted as a signal of recovering bullish momentum.

Whale Alert reported that 200,000,000 USDC has been transferred from USDC Treasury to Coinbase. The transaction is valued at about $200 million.

Binance founder Changpeng Zhao (CZ) has refuted a report claiming that internal investigators at the exchange were fired after discovering transactions linked to Iran, calling the story "self-contradictory." While stating he was not familiar with the specific details of the matter, CZ argued that the report's narrative is illogical. He suggested that if the allegations were true, it could also be interpreted that the investigators were responsible for failing to block the suspicious activity in the first place. He emphasized that Binance monitors all transactions using the same anti-money laundering (AML) tools employed by law enforcement agencies. CZ added that a disgruntled individual or an anonymous source paid to create FUD (fear, uncertainty, and doubt) could create a negative narrative about any issue.

Crypto bank Anchorage Digital is partnering with Solana-based automated liquidity management protocol Kamino (KMNO) and Solana Company to enable institutional investors to use staked SOL as loan collateral, Cointelegraph reported. To facilitate this, Anchorage has integrated the Kamino protocol into its collateral management platform, Atlas. The service allows institutional investors to secure necessary liquidity through collateralized loans while continuing to earn staking rewards.

A V-shaped rebound for Bitcoin is possible if it reclaims the $70,000 level, Cointelegraph reported. Crypto influencer Ted Pillows suggested that while a failure to hold the $65,000 to $66,000 support zone would heighten the risk of a larger correction, a move back above $70,000 could trigger a rapid surge of 8-10% or more. He added that a V-shaped rebound pattern is currently forming on the BTC/USD 4-hour chart, with the price retesting a strong resistance area around $68,000, near its 200-week exponential moving average (EMA).

Truth Social, the social media company owned by U.S. President Donald Trump, has filed applications with the U.S. Securities and Exchange Commission (SEC) for a CRO spot exchange-traded fund (ETF) and a combined BTC and ETH ETF, according to Walter Bloomberg. The latter fund is designed to track the prices of both Bitcoin and Ethereum as well as their staking rewards.

Binance has fired an investigator who reported discovering evidence of Iran sanctions violations within the company, according to Solid Intel.

The U.S. Supreme Court is scheduled to release its opinion on a lawsuit concerning President Donald Trump's universal global tariffs on Feb. 20, Walter Bloomberg reported. With additional opinions scheduled for release on Feb. 24 and 25, a final ruling on the case may be issued on one of those dates.

Global logistics and shipping giant FedEx has joined the Hedera Council, the core governing body of the Hedera network, Decrypt reported. FedEx stated that its participation marks a significant turning point in the digital transformation of global supply chains.

Major exchanges have seen $106 million worth of futures liquidated in the past hour. In the past 24 hours, $347 million worth of futures have been liquidated.

The U.S. crypto lobby group DeFi Education Fund (DEF) has urged the UK's Financial Conduct Authority (FCA) to establish clearer and more narrowly defined standards for cryptocurrency regulation, CoinDesk reported. The DEF argued that the application of regulations should be determined by whether a specific entity has direct management and control over user funds or transactions. The group stated that merely participating in the development of a decentralized protocol should not automatically subject an entity to regulatory oversight. It warned of the risk that software developers, who do not hold user funds or have the authority to block transactions, could be subjected to the same level of regulation as banks or exchanges.

According to CoinNess market monitoring, BTC has risen above $69,000. BTC is trading at $69,000 on the Binance USDT market.

Japanese financial giant SBI Holdings announced it is pursuing an investment in and acquisition of Singapore's largest crypto exchange, Coinhako. The two companies have signed a letter of intent for the deal. If the transaction is completed, SBI Holdings plans to secure a majority stake, making Coinhako a consolidated subsidiary. Specific terms, including the investment method and the purchase of existing shares, are still under negotiation. The final agreement is contingent on regulatory approval.

According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,001.22 on the Binance USDT market.

BTC has risen by 1.55% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $67,976.28.

The three major U.S. stock indices opened lower today. - S&P 500: -0.01% - Nasdaq: -0.12% - Dow Jones: -0.03%

Tomasz Stańczak has stepped down from his position as Co-Executive Director of the Ethereum (ETH) Foundation, and Bastian Aue has been appointed as the acting Co-Executive Director, the Ethereum Foundation announced on X.

The market is pricing in a 30% chance of a U.S. Federal Reserve rate cut by April and an over 80% chance of a cut by June, Walter Bloomberg reported.

The U.S. Department of Labor announced that the Consumer Price Index (CPI) for January rose 2.4% from the same month last year, falling short of the market forecast of 2.5%. Core CPI, which excludes volatile food and energy prices, increased 2.5% year-over-year, in line with expectations.

New investment in crypto startups this week totaled just $18.5 million, the lowest level this year, according to DeFiLlama data. In response, CMT Digital Partner Charlie Sander commented that while the fundamentals of blockchain companies have improved, overall valuations have dropped significantly due to a shift in how the long-term value of token performance is assessed. He added that investment is likely to focus on projects with established revenue models and clear use cases.

Armed assailants broke into the home of the CEO of Binance France, but fled after stealing two mobile phones as no one was present, Unfolded reported. The suspects have since been arrested at a train station and taken into custody.

The hacker behind the approximately $200 million Mixin exploit has started selling Ethereum after nearly two years of dormancy, Lookonchain reported, citing Arkham data. About 15 hours ago, the hacker transferred 2,005 ETH ($3.85 million) to the crypto mixing protocol Tornado Cash. Subsequently, 2,087 ETH ($4.03 million) was moved from Tornado Cash to three new wallets and sold at an average price of $1,933. The Mixin hacker currently holds 57,849 ETH ($113.4 million) and 891 BTC ($59.7 million).

Binance founder Changpeng Zhao (CZ) shared his views on memecoin investing and the current cryptocurrency market during a Binance Square Live AMA. He stated that the long-term performance of memecoins depends more on cultural identity and a loyal community than on short-term interest. CZ advised retail investors to be cautious with memecoin investments and to avoid buying them simply to follow a trend. Regarding the broader market, he noted that it is difficult to predict due to various factors but added that the U.S. government's current pro-crypto policies could be a positive long-term signal for the market.