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Whale Alert reported that 1,090,820,400 USDT has been transferred from Aave to HTX. The transaction is valued at about $1,091 million.

Malaysian authorities have arrested 12 local police officers on charges of extorting approximately $51,000 worth of cryptocurrency in Kuala Lumpur. According to The Block, the officers raided a residential area, confiscated mobile phones and laptops from multiple Chinese nationals, and forced them to transfer the cryptocurrency. The authorities are treating the incident as an organized cryptocurrency robbery targeting foreigners, emphasizing that there will be no compromise with any police officers involved in criminal activity.

The U.S. government could be forced to refund over $175 billion in tariff revenue if the Trump administration loses a Supreme Court case concerning the legality of its reciprocal tariffs, Walter Bloomberg reported, citing a study by the Penn-Wharton Budget Model. The estimate is based on detailed modeling of tariffs by item and country. Should the court invalidate the tariffs, importers would be able to request refunds from U.S. Customs and Border Protection (CBP) for duties paid since early 2025. The potential refund amount exceeds the combined annual budgets of the U.S. Department of Transportation and the Department of Justice.

UniCredit analyst Thomas Strobel believes the future direction of BTC depends on investor sentiment and liquidity, Walter Bloomberg reported. Strobel noted that the recent decline in Bitcoin's price reflects downward pressure from macroeconomic factors and weakening market sentiment. UniCredit views BTC's fair value at approximately $75,000. He added that if BTC were to fall about 35% from this level and remain below $50,000, it could signal a structural bear market. A recovery would require improved investor sentiment, inflows into ETFs, and expanded liquidity.

An analysis suggests that continued outflows from Bitcoin spot ETFs are fueling downward market pressure amid a lack of liquidity. The Block, citing a weekly Glassnode report, noted that BTC remains stuck below its True Market Mean of $79,000. According to the report, the structural price range indicated by on-chain metrics has widened to between $54,900 and $79,000, with the current price of around $67,000 holding within a $60,000 to $70,000 channel. Meanwhile, the shift to net outflows in U.S. spot ETFs has weakened institutional demand, while a negative turn in the cumulative volume delta on exchanges points to sustained and expanding selling pressure.

Bitcoin is showing signs of recovery after establishing a low around $65,600 on the previous day, but a decisive break above the $72,000 level is needed to signal a trend reversal, according to an analysis by CoinDesk. CoinDesk noted that while Bitcoin has rebounded from yesterday's losses, it remains in a pattern of lower highs and lower lows. For the trend to shift, BTC must decisively surpass the $72,000 mark in the short term. The analysis also pointed to stabilizing market conditions, with open interest in the Bitcoin derivatives market rebuilding to $15.8 billion. This suggests that the market is entering a bottoming phase after a period of deleveraging. Furthermore, the options market's put-to-call ratio stands at 49:51, indicating a slight dominance of call options, while the decreasing volume of futures liquidations also points to market stabilization from a medium- to long-term perspective.

Ethereum's total weekly fees plunged 70.3% week-on-week to $2.12 million, according to DeFi analytics firm Sentora, formerly IntoTheBlock. The firm attributed the sharp decline to a slowdown in DeFi activity. This week also saw a net inflow of approximately $1.1 billion in ETH to major centralized exchanges. Such inflows are typically interpreted as a bearish signal, as funds are often moved to exchanges with the intent to sell.

The supply of USDT, the world's largest stablecoin, has fallen by approximately 1.7% over the past month, marking the largest monthly contraction since the collapse of FTX, according to an analysis by Solid Intel. The firm noted that the supply is decreasing rapidly amid the implementation of the European Union's Markets in Crypto-Assets (MiCA) regulation and a broader market downturn.

Matt Hougan, Chief Investment Officer (CIO) at crypto asset manager Bitwise, projects that Bitcoin will see a compound annual growth rate (CAGR) of around 28% over the next 10 years. In a recent interview, he stated that while the current market mood is similar to the crypto winters of 2018 and 2022, institutional investors continue to buy Bitcoin and Ethereum (ETH) amid the downturn, which he sees as a sign of their confidence, The Crypto Basic reported. Hougan added that the four-year cycle centered on the Bitcoin halving remains valid, predicting a gradual, U-shaped recovery will unfold after the market finds its bottom in 2026.

An analysis suggests that Bitcoin's price movements are more closely correlated with the issuance of short-term U.S. Treasury bills (T-bills) than with Federal Reserve policy or the M2 money supply. Nic Puckrin, founder of Coin Bureau, explained on X that there is a leading correlation coefficient of approximately 0.8 between T-bill issuance and BTC, with an eight-month lag affecting the price. He noted that the growth in T-bill issuance peaked in late 2024 and slowed through early 2026, a pattern that aligns with the recent weakness in BTC. Puckrin added that $3 trillion to $4 trillion in refinancing issuance is expected annually through 2029.

Quant trading and market-making firm Presto Labs announced via its official X account that it will support liquidity for South Korean stock derivatives upon their upcoming launch in the Hyperliquid (HYPE) ecosystem. The firm stated it will provide liquidity from the first day of listing for stocks such as Samsung Electronics, SK Hynix, and Hyundai Motor on Trade[XYZ], a decentralized exchange based on Hyperliquid's Layer 1 HIP-3 protocol.

German financial media outlet Der Aktionär reports that Deutsche Bank, the country's largest commercial and investment bank, is expanding its use of Ripple's (XRP) payment infrastructure for cross-border payments, foreign exchange transactions, and digital asset custody. The outlet noted that this collaboration is proceeding without any formal announcement regarding its scope or terms. Separately, crypto media outlet Yellow added that Deutsche Bank has been working with Ripple-integrated service providers to optimize foreign exchange trading and multi-currency accounts. This strategy allows the bank to bypass traditional intermediary systems, which typically require two to five business days for settlement. Yellow also stated that the bank is pursuing Ripple's infrastructure for internal use while exploring SWIFT's blockchain-based payment ledger for external applications.

Bithumb has announced that it will temporarily suspend deposits and withdrawals for Hedera (HBAR) starting at 9:00 a.m. UTC on Feb. 25 to support an upcoming network upgrade.

A U.S. federal court in Tennessee has temporarily suspended the state's regulatory enforcement against prediction market platform Kalshi. The court granted an injunction, ruling that the platform's sports event contracts are likely to be considered "swaps" under the federal Commodity Exchange Act (CEA), countering the state's attempt to sanction them as illegal sports betting. As a result, the state government cannot enforce its sports gaming laws against Kalshi while the lawsuit is ongoing.

Japanese listed company Remixpoint announced it will commit its entire holding of 1,411 BTC to a cryptocurrency lending service offered by SBI Digital Finance, a subsidiary of SBI Holdings. The company stated the move is part of its asset management strategy. The lending will commence on Feb. 24, with interest rates set to vary depending on market rates and the loan period.

According to market data from Coinglass, Lockheed Martin (LMT) has posted the highest gains among U.S. stock futures on major crypto exchanges, rising 3.12% over the past 24 hours. It was followed by IREN (+2.31%), USO (+2.07%), GE (+1.85%), and AMD (+1.48%). The defense, energy, and semiconductor sectors are showing notable strength, leading the pre-market futures session today. In an analysis, LBank Labs noted that U.S. stock futures traded on major centralized exchanges are becoming a specialized tool for cross-market portfolio allocation and short-term profit opportunities. The firm added that as the link between the crypto market and traditional assets strengthens, stocks with high liquidity and strong narratives will help investors diversify their portfolios and manage risk.

The Democratic Party's Digital Asset Task Force has drafted a consolidated bill for a new Digital Asset Basic Act that would prohibit paying interest on won-denominated stablecoins, ZDNet Korea reported. Under the proposed legislation, stablecoin issuers would be barred from paying interest to holders. The ban covers not only cash but all forms of property value, including discounts and reward points, effectively prohibiting all monetary and non-monetary incentives for holding the assets. Meanwhile, a proposal to establish a won-denominated stablecoin consortium was not included in the bill. The task force is scheduled to hold a private meeting with private sector advisors to discuss the draft on Feb. 24.

South Korea’s Financial Services Commission (FSC) announced it is considering raising the mandatory cold wallet storage ratio for virtual asset exchanges from the current 80% to nearly 100%. According to a News1 report, the FSC disclosed its position in a written response submitted to the National Assembly on Feb. 19. The statement was in reply to an inquiry from Democratic Party lawmaker Kim Hyun-jung. The commission said it would review the potential increase while drafting subordinate regulations for the second phase of the country's virtual asset legislation, taking into account exchange operations, international regulatory trends, and inspection results from the Financial Supervisory Service.

According to data from CoinGlass, the Coinbase Bitcoin Premium Index has been negative for 36 consecutive days, currently standing at -0.0467%. The index measures the price difference for Bitcoin between the U.S. cryptocurrency exchange Coinbase and the global market average. This marks the longest such streak since May 2023, surpassing the roughly 30-day negative period seen during the market crash on Oct. 11 of last year.

Bitcoin's mining difficulty has surged by 15%, marking its largest increase since 2021, CoinDesk reported. The media outlet explained that the spike follows a recovery in the network's hashrate, which had previously plummeted after a winter storm in the U.S. forced major mining operations to scale back. That event had caused the mining difficulty to drop by 12%. Despite the hashrate's rebound, profitability remains under severe pressure, as the hash price—the estimated daily earnings per unit of hash power—is stuck at a multi-year low of $23.9.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for Hedera (HBAR) starting at 9:00 a.m. UTC on Feb. 25 to support a network upgrade.

Bitcoin is having its worst start to a year on record, down 23% year-to-date, CoinDesk reported. The outlet noted that, according to CoinGlass data, Bitcoin has never previously posted consecutive losses in both January and February. While the cryptocurrency saw double-digit declines in January of 2015, 2016, and 2018, it rebounded in February each time. The current index reading 50 days into the year is 0.77, below the typical bear market average of 0.84. This performance also breaks a historical pattern where Bitcoin typically sees above-average returns in the year following a U.S. presidential election; last year, it fell 17%.

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: 49.89% long, 50.11% short - Binance: 49.67% long, 50.33% short - OKX: 49.71% long, 50.29% short - Bybit: 49.76% long, 50.24% short

A new address withdrew 7,000 ETH, worth $13.55 million, from Binance about an hour ago, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as a sign of intent to hold the assets.

According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,001.99 on the Binance USDT market.