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World Liberty Financial (WLFI) announced that its stablecoin, USD1, is now operating normally following a temporary depegging event. The company stated it is investigating a technical issue with the related mechanism. In response, the crypto community has speculated on several potential causes for the incident, including: - A large-scale sell-off by a whale. - The deletion of a social media post by President Donald Trump's youngest son. - An anticipated exposé from a crypto whistleblower account regarding alleged insider trading at a prominent crypto firm.

Bitmine purchased an additional 51,162 ETH, worth $95.36 million, last week, according to a post on X by Onchain Lens. The company now holds a total of 4,422,659 ETH, valued at approximately $8.65 billion, of which 3,040,483 ETH has been staked.

Federal Reserve Governor Christopher Waller stated that January's employment data surpassed market expectations, Walter Bloomberg reported. He added that if this trend of employment improvement continues in February, it may be appropriate to keep the benchmark interest rate on hold for the time being.

MicroStrategy (MSTR) announced it purchased an additional 592 BTC for $39.8 million last week at an average price of approximately $67,286. The company now holds a total of 717,722 BTC, worth $54.56 billion, at an average purchase price of $76,020.

Based, a Web3 super-app built on Hyperliquid (HYPE), has raised $11.5 million in a Series A funding round led by Pantera Capital, The Block reported. Coinbase Ventures and Wintermute Ventures also participated in the round. The funds will be used to expand its AI-based, agent-driven commerce business.

U.S. President Donald Trump stated on Truth Social that a Supreme Court ruling on tariffs has unintentionally expanded his tariff and trade powers. He explained that while the court restricted the imposition of separate trade-related fees, it has opened the door to a broader and more aggressive use of tariffs and licenses against foreign countries. Trump added that further rulings could favor other nations and that the decision has strengthened the momentum for his trade policies.

South Korean crypto exchange Upbit announced that it is temporarily suspending deposits and withdrawals for Pocket Network (POKT).

BlackRock has deposited 1134 BTC, worth $75 million, and 7553 ETH, valued at $14.46 million, into Coinbase Prime, Onchain Lens reported. Coinbase Prime is a prime brokerage platform that facilitates large-scale trading and custody for institutional investors.

Bithumb has announced the temporary suspension of deposits and withdrawals for Pocket Network (POKT).

Companies with a Digital Asset Treasury (DAT) strategy have been net-selling their Bitcoin holdings for three consecutive weeks, Cointelegraph reported. Nic Puckrin, founder of Coin Bureau, said that according to data from Capriole Investments, this continued net-selling by DAT companies is increasing short-term downward pressure. He added that if the selling persists, the price of BTC could head toward bear market lows.

Standard Chartered (SC) has projected that stablecoin issuers could become key buyers of U.S. short-term Treasury bills (T-bills), The Block reported. According to the bank, the stablecoin market capitalization is expected to reach $2 trillion by 2028, which could generate between $0.8 trillion and $1 trillion in new demand for T-bills. This is because regulatory frameworks require issuers to hold highly liquid assets, such as short-term government bonds, as reserves. SC also analyzed that if this demand materializes, the U.S. Treasury might adjust its issuance structure to focus on short-term debt and could potentially halt 30-year bond auctions for up to three years.

Digital asset investment products saw total net outflows of $288 million last week, marking the fifth consecutive week of outflows, CoinShares reported in its weekly fund flows report. The United States saw outflows of $347 million, while Europe and Canada recorded inflows of $59 million. By asset, Bitcoin products experienced $215 million in net outflows and Ethereum products saw $36.5 million in outflows. However, products for shorting BTC attracted inflows of $5.5 million. Total trading volume for these products was $17 billion, the lowest level since July of last year.

Austria's Financial Market Authority (FMA) has ordered cryptocurrency exchange KuCoin's European entity to halt all new business operations and customer sign-ups, CoinDesk reported. The move comes just months after the firm received its license under the European Union's Markets in Crypto-Assets (MiCA) regulation and follows the departure of key compliance personnel. According to the FMA, KuCoin EU currently has vacancies for key roles in its anti-money laundering (AML) and counter-terrorist financing departments. The regulator stated that the restrictions will remain in place until these compliance and reporting positions are filled.

Tom Lee, chairman of Bitmine (BMNR), has assessed the recent cryptocurrency plunge as a temporary shock rather than a structural collapse. In an interview with CNBC, he described the 50% correction in BTC as a "crypto squall," a short, intense storm. Lee analyzed that the drop is merely volatility driven by macro variables, such as a Supreme Court ruling on President Donald Trump's tariffs, and does not reflect a weakening of network fundamentals. He added that the trend of expanding commercial use for crypto is ongoing, citing increased ETH transaction activity, the spread of tokenization, and growing participation from Wall Street.

An increase in Bitcoin holdings on Binance could signal a rise in price volatility, Cointelegraph reported. As of Feb. 22, Binance's wallets held a total of 676,834 BTC, worth $44.53 billion, the highest level recorded since November 2024. The outlet explained that an increase in exchange-held supply often reflects investors preparing to sell or use their assets as collateral for derivatives trading, a trend that can lead to greater market fluctuations.

Cryptocurrency exchange Gemini is facing a crisis due to the sharp downturn in the crypto market, Bloomberg reported. According to the report, Gemini underwent a restructuring earlier this month that included laying off up to 25% of its staff and has withdrawn from business in the UK, European Union, and Australia. The company has also seen a major shake-up in its executive ranks, with its chief financial officer (CFO), chief operating officer (COO), and chief legal officer (CLO) all being replaced. Gemini's stock price has plummeted by more than 80% from its peak after listing last year, and its market capitalization has shrunk from $4 billion to $700 million. The report explained that the company's revenue growth has failed to keep pace with rising costs, prompting a shift in focus toward new ventures such as custody services and a prediction market platform.

The market capitalization of BlackRock's U.S. Treasury-backed tokenized fund, BUIDL, has increased by 30% over the past 30 days, according to DeFi analytics firm Sentora (formerly IntoTheBlock). The firm explained that the growth rate accelerated after the fund was listed on Uniswap on Feb. 11 to support trading among institutional investors.

Cointelegraph has outlined four key factors to watch in the Bitcoin market this week. - Potential for BTC to fall to the $50,000–$52,000 range - Variables including U.S. President Donald Trump's defiance of a Supreme Court tariff ruling and geopolitical conflict with Iran - Whales maintaining a large-scale sell-off trend - Bearish outlook remains valid based on on-chain indicators

RaveDAO (RAVE) has plunged by more than 50% in approximately 20 minutes. The token was trading at $0.62 on the Binance USDT perpetual futures market around 8:20 a.m. UTC today but has since dropped to $0.2918, a decline of approximately 54.8%.

Erik Voorhees, an early Bitcoin supporter and founder of crypto exchange Shapeshift, purchased 9,911 ETH with 20.38 million USDC approximately seven hours ago, Lookonchain reported. This move comes a year after he sold 11,616 ETH for $33.94 million.

Bitdeer (BTDR), which recently sold its entire Bitcoin holdings, announced on its official X account that the decision was made to review a potential land purchase for its power supply. The company stated it was prudent to secure immediate liquidity for the acquisition. Bitdeer emphasized that its hashrate will continue to grow and that it will mine more BTC to benefit its shareholders. The company previously announced the sale of its entire holdings of 943.1 BTC, as well as the 189.8 BTC it had mined this year. Bitdeer founder Jihan Wu also reposted the announcement.

Binance founder Changpeng Zhao (CZ) predicted that capital in the cryptocurrency market will flow into real-world asset (RWA) tokenization and prediction markets, Watcher.Guru reported, citing a Binance Square live AMA. Zhao stated that every country he has spoken with wants to tokenize its national assets, as this allows them to raise funds immediately and deliver the physical assets later. He pointed to the tokenization of surplus water resources in the city of Turkistan, Kazakhstan, as a prime example of a new revenue generation model at the national level. Zhao also forecast that interest in prediction markets will grow ahead of this summer's World Cup.

IoTeX (IOTX) announced via its official X account that it suffered a $4.4 million hack on Feb. 21 due to the theft of a validator key. The attacker minted 410 million CIOTX without authorization and converted $4.4 million in bridged assets into BTC and ETH. The IoTeX team has frozen 86% of the minted tokens. The remainder was sent to Binance and other exchanges, which the team is monitoring. "We have begun deploying patches to restore the network and will resume normal operations once the consensus algorithm is recovered," IoTeX stated. "We expect exchange deposits and withdrawals to resume within 24 to 48 hours. A compensation plan for affected users will also be announced. To prevent future incidents, the bridge will be shut down, and various security measures will be enhanced." Previously, South Korean exchanges Upbit and Bithumb placed IoTeX on their delisting watchlists.

According to CoinNess market monitoring, BTC has risen above $66,000. BTC is trading at $66,005.99 on the Binance USDT market.

Bithumb announced it has placed Goatseus Maximus (GOAT) on its delisting watchlist.