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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.

South Korea's Supreme Prosecutors' Office has established and distributed a manual for managing seized cryptocurrencies to all prosecutor's offices nationwide, JoongAng Ilbo reported exclusively. The move is intended to prevent a repeat of an incident at the Gwangju District Prosecutors' Office, where 320 BTC were stolen. According to the manual, officials must use designated official websites to verify wallet holdings, such as blockchain.com for Bitcoin and Etherscan for Ethereum. It also mandates using only public keys to check balances and requires that PINs and mnemonic codes be managed separately. The Gwangju office lost the funds in August of last year after officials accessed a phishing site during an inspection of seized assets and entered a wallet address and mnemonic code. The stolen Bitcoin was fully recovered on Feb. 20.

JPMorgan has effectively admitted to closing U.S. President Donald Trump's accounts shortly after the 2021 Capitol riot, Cointelegraph reported. The admission was mentioned in court documents released last week. The Trump family has long claimed that banks have engaged in "de-banking" by blacklisting them and controlling their financial activities, arguing this was the reason they pursued cryptocurrency ventures like World Liberty Financial (WLFI). While the Trump family has filed a $5 billion lawsuit against JPMorgan for damages, the bank has countered that its decision was based on managing legal and regulatory risks, not political motives.

South Korean crypto exchanges Upbit, Bithumb, and Coinone have announced the designation of IoTeX (IOTX) for their delisting watchlists. Bithumb explained that the decision was made after confirming a security incident, such as a hack, related to the virtual asset, its issuer-managed wallets, or its distributed ledger. According to the exchange, the cause of the incident has not been identified or remedied.

Matt Hougan, CIO of crypto asset manager Bitwise, has pushed back against claims that Bitcoin is merely a speculative asset, arguing instead that it is an emerging store of value. The comments were a direct rebuttal to Tom Essaye, a former Merrill Lynch trader and founder of Sevens Report Research, who had previously asserted that Bitcoin is neither a substitute for gold nor an inflation hedge. In a post on X, Hougan stated that while Bitcoin was a purely speculative asset at its inception in 2009, it is now in a transitional period. He argued that once central banks universally hold it like gold, its speculative nature will disappear. Hougan added that if one believes in the possibility of a digital store of value, it is necessary to accept that Bitcoin must go through an "adolescence."

BTC perp long/short ratios on top exchanges by open interest 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: 48.5% long, 51.5% short - Binance: 48.64% long, 51.36% short - OKX: 46.79% long, 53.21% short - Bybit: 48.76% long, 51.24% short

South Korea’s financial authorities have reiterated their intention to limit the ownership stake of the largest shareholders in domestic cryptocurrency exchanges, Money Today reported. The Financial Services Commission (FSC) summoned executives from the country's five major exchanges—Upbit, Bithumb, Korbit, Coinone, and Gopax—to inform them of the policy. The move is seen as a final notification before the government finalizes its version of the Digital Asset Basic Act, the second phase of virtual asset legislation. During the meeting, the FSC explained the main contents of the proposed government bill and reaffirmed its commitment to legislating the shareholder cap. The five exchanges and the Digital Asset eXchange Alliance (DAXA) reportedly expressed their concerns about the plan.

A man has been indicted while in custody for attempting to murder his business partner by giving him a drink laced with pesticide, Munhwa Ilbo reported. The man is accused of the murder attempt, which took place around 12:00 p.m. UTC on Nov. 23 of last year at a cafe in Seoul. The two men operated a business that managed investment funds through a Bitcoin investment program. According to the investigation, a conflict began after the accused personally invested and failed to recover company funds of around 880 million won (about $638,000), part of a total personal investment loss of 1.17 billion won (about $848,000). South Korean prosecutors believe the man decided to commit the crime after the company's financial situation deteriorated due to a decline in Bitcoin's price, which led his partner to take over management of the firm's funds.

Binance's primary goal in South Korea is not market share but building a compliant, trusted, and sustainable business, according to SB Secker, the company's head of Asia-Pacific (APAC). In an interview with ZDNet Korea, Secker emphasized this focus. Binance is currently the largest shareholder in the South Korean virtual asset exchange Streami (Gopax), holding a 67.45% stake with the approval of financial authorities. Regarding GoFi repayments, Secker stated that the process must comply with South Korean commercial law and meet other legal and administrative requirements. He added that a schedule cannot be set unilaterally as discussions with regulators are ongoing. Secker also revealed plans to pursue business in institutional investment and stablecoins in cooperation with the authorities.

U.S. spot Bitcoin ETFs have experienced five consecutive weeks of net outflows, totaling approximately $3.8 billion, marking the longest such streak since February 2025, CoinDesk reported, citing data from SoSoValue. The outlet attributed the trend to a conservative shift among institutional investors following a sharp market drop last October, when concerns over risks at overseas exchanges and heightened volatility dampened sentiment. CoinDesk added that current market conditions, including rising U.S.-Iran tensions, President Donald Trump's announcement of a global tariff policy, and technical chart factors, are further fueling risk-averse sentiment.