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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

U.S. spot Bitcoin ETFs saw a net outflow of $205.82 million on Feb. 23, marking a switch back to net outflows after one trading day, according to Trader T. The outflow was led by BlackRock, with only VanEck recording net inflows. - BlackRock IBIT: -$117.44 million - Fidelity FBTC: -$27.93 million - Bitwise BITB: -$43.58 million - Ark ARKB: -$9.16 million - VanEck HODL: +$6.35 million - Grayscale GBTC: -$13.06 million

Binance has announced that it will temporarily suspend deposits and withdrawals for Shentu (CTK) at 12:00 p.m. UTC on Feb. 25 to support an upcoming network upgrade and hard fork.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $122.02 million liquidated (71.57% longs) - ETH: $95.58 million liquidated (73.58% longs) - SOL: $19.10 million liquidated (81.8% longs)

The U.S. Federal Reserve announced a proposed rule on Feb. 23 to remove 'reputation risk' from its bank supervision standards and has begun soliciting public comment. The Fed stated that financial institutions should not de-bank customers for reasons such as political views, religious beliefs, or their engagement in legal but disfavored businesses, adding that such discrimination is inconsistent with its supervisory framework. In response, Wyoming Senator Cynthia Lummis said on X that she hopes this marks the end of "Operation Choke Point 2.0," a measure aimed at pressuring the crypto industry by restricting its access to banking. She added that she hopes the U.S. can become a hub for digital assets and that the Fed should not act as both judge and jury over digital asset companies.

The U.S. Securities and Exchange Commission (SEC) announced on Feb. 23 that it has permitted WisdomTree's tokenized money market fund (MMF), the WisdomTree Treasury Money Market Digital Fund, to trade at a fixed price of $1 during market hours. The fund, which holds short-term U.S. Treasuries as its underlying assets, issues its shares as tokens on a blockchain. While MMFs typically trade based on their end-of-day net asset value (NAV), this decision allows investors to buy and sell shares at any time during the trading day for $1 per share through a dealer. U.S. SEC Chairman Paul Atkins stated on X that the agency listens when the industry proposes ways to modernize capital markets with new technology, calling the move an important step forward in promoting tokenization innovation.

Bithumb has announced a temporary suspension of deposits and withdrawals for Flow (FLOW) due to a network issue. The suspension began at 2:20 a.m. UTC today.

OPN, the native token of prediction market project Opinion, has been listed as a pre-market perpetual future on major exchanges including Binance, OKX, and Bybit. According to data, the cumulative 24-hour trading volume for the OPN/USDT pre-market perpetual future has surpassed $400 million. Trading volume on Binance alone reached $277 million, placing it 16th in derivatives trading volume. The token was previously added to Coinbase's listing roadmap and has also conducted a Binance Booster campaign.