February 25

1. Bitcoin Market: Bitcoin initially declined then rebounded. Last night, it dropped to around $62,500, then started to rebound early this morning, closing at a high of $64,711. Currently, it is trading at $64,126. ETH last night hit a low of $1,796 and is now trading at $1,855.

2. Altcoin Market: Bitcoin is underperforming, while altcoins are showing various performances. SOL up 1.6%, closing at $79.5; DOGE down 1.5%, closing at $0.0916; ESP surging 77%, at $0.1796; AKE up 60%; POWER up 46%, at $0.74; ENSO up 35%, at $2.663; PIPPIN up 10%, at $0.81, with a high of $0.887 during the day, hitting a new all-time high; BULLA plummeted 60%, at $0.0204; MYX dropped 34%, at $0.4.

3. Neighboring Markets: The three major US stock indices all rose, with the Nasdaq up over 1%, and AMD up over 8%. The Chinese A-shares surged 0.87%, with over 4,000 stocks in the green, marking a strong start. Gold fell 1.25%, closing at $5,160; silver rose 0.57%, at $87; the Japanese yen suddenly plunged 1%, due to concerns expressed by the Prime Minister and the Bank of Japan Governor about further interest rate hikes.

4. Analysts say that last quarter, holders sold Bitcoin ETF shares worth over 25,000 BTC. The spot Bitcoin ETF has experienced five consecutive weeks of net capital outflows.

5. The Trump administration is pressuring the cryptocurrency industry to pass the Market Structure Bill.

6. Vitalik Buterin states that Ethereum is transitioning toward “true DeFi”—the Ethereum Foundation is shifting focus to “genuine decentralized finance (DeFi),” prioritizing permissionless, open-source systems that do not rely on centralized control points (such as admin keys or founders). Vitalik emphasizes the vision of building a global private financial system that is secure and under user control, with protocols capable of operating independently of their creators through “detachment testing.” This aims to strengthen decentralization, privacy, and technical standards within the ecosystem.

7. U.S. Senators are investigating Xiao An because his partner previously assisted Iranian entities in transactions.

8. Europe reaffirms that cryptocurrency derivatives (including perpetual contracts) and traditional high-risk financial products like CFDs have similar economic features and risks, and will be subject to the same regulatory rules. This reaffirms the EU’s principle of “equal risk, equal rules.”

Digital Wealth Partners adds HBAR custody service through Anchorage Digital.

9. 21Shares’ spot SUI ETF is now listed on Nasdaq, trading under the ticker TSUI.