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DeFi applications generated over $1 billion in revenue each quarter last year, Unfolded reported, citing data from DefiLlama.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Julio Moreno, a senior analyst at CryptoQuant, noted on X that spot on-chain demand for Bitcoin is increasing for the first time since last November.

Tether, the issuer of the world's largest stablecoin USDT, announced on its official website yesterday that it assisted the U.S. Department of Justice (DOJ) in recovering 61 million USDT linked to a large-scale 'pig butchering' romance scam. According to the company, DOJ investigators tracked addresses containing the criminal proceeds after receiving reports from victims. With Tether's help, the full 61 million USDT was recovered. Tether added that this action demonstrates its commitment to supporting global law enforcement agencies in preventing crypto-related crime and leading the digital asset industry through compliance.

Blockstream CEO Adam Back has stated that the recent decline in Bitcoin's price is consistent with past four-year market cycles, which typically see a downturn at this stage. Speaking at the iConnections conference in Miami, he said the current volatility is not surprising and reflects Bitcoin's inherent nature rather than a flaw in its theory, CoinDesk reported. "Volatility is just part of the overall picture," he explained, suggesting that some market participants may be trading based on historical patterns rather than reacting to fundamentals. Back added that ETF holders are more loyal than individual Bitcoin traders. He noted that retail investors usually deploy capital when prices are rising, leaving them with little capacity to invest during a downturn. In contrast, institutional investors can rebalance their portfolios, he said.

According to CoinNess market monitoring, BTC has risen above $69,000. BTC is trading at $69,011.79 on the Binance USDT market.

Nicholas Hammer, co-founder and CEO of crypto lending firm Blockfills, has resigned in the wake of significant loan losses, CoinDesk reported. Citing anonymous sources, the report stated that Blockfills recently halted all customer deposits and withdrawals due to loan losses of approximately $75 million. As a result of the situation, the company is undergoing a management change and is pursuing a sale. Blockfills was considered one of the most active institutional crypto lending platforms, having processed over $60 billion in trading volume last year and serving around 2,000 institutional clients.

t54 Labs, a developer of blockchain-based artificial intelligence (AI) agent infrastructure, has successfully raised $5 million in a seed funding round, The Block reported. The round was led by Anagram, PL Capital, and Franklin Templeton, with participation from Ripple, Virtual Ventures, Blockchain Coinvestors, and ABCDE.

Short positions worth approximately $336 million have been liquidated in the futures market over the past 24 hours amid a more than 6% rebound in Bitcoin's price, according to CoinNess market data. As of this writing, BTC is trading at $68,309.16, up 6.35% on the day, CoinMarketCap data shows.

Dutch Finance Minister Eelco Heinen plans to amend a recently passed bill that would tax unrealized gains on assets including cryptocurrency, calling the legislation "poorly designed." According to DL News, Heinen stated in an interview that the bill "cannot pass" and "must be amended." The proposed law, which was approved by the country's lower house of parliament earlier this month, would impose a 36% capital gains tax on all profits from savings accounts, crypto, most stock investments, and interest-bearing financial products, even if the assets have not been sold.

Bitcoin experienced a flash crash on the decentralized exchange (DEX) Lyra, with its price briefly dropping to around $47,510 at approximately 3:50 p.m. UTC on Feb. 25, according to CoinNess market monitoring. The crypto-focused Telegram channel Cybertruck explained that while Lyra's order book had buy orders for about 700-800 BTC down to the $45,000 level, a sell order exceeding this amount appears to have triggered the crash. The price immediately recovered its losses. Cybertruck suggested that the seller likely made a typographical error, intending to place a limit sell order at $67,511 but mistakenly entering $47,511. The address suspected of causing the flash crash with a large market sell order is believed to be 0xF2224BF4f29205522E1400720217d3F19709331c. The event has since been removed from Lyra's charts.

Cryptocurrency security firm Octane Security announced it has discovered a serious bug in the Ethereum client Nethermind. According to DL News, the bug has since been fixed. Octane explained that if the bug had been exploited, it could have led to missed block production, affecting Ethereum's liveness and availability. The firm added that detecting the bug serves as a key validation of AI-based vulnerability research.

Total value locked (TVL) in tokenized U.S. Treasurys has surpassed $10 billion, according to an analysis by crypto research firm Kaiko. Major tokenized U.S. Treasury operators included in the tally are BlackRock, Circle, WisdomTree, Ondo, and Superstate.

Prediction market platform Kalshi announced on Feb. 25 that it has sanctioned two users for unfairly profiting from insider trading. The individuals, who face fines and platform suspensions, are Kyle Langford, a 24-year-old Republican politician from California, and Artem Kaptur, an editor for MrBeast, the world's most-subscribed YouTuber. In addition to the internal disciplinary action, Kalshi reported the cases to the U.S. Commodity Futures Trading Commission (CFTC). The platform stated that the two users leveraged insider information to achieve a near-perfect success rate on bets in low-probability markets. Kalshi added that this activity was flagged by its monitoring system and also reported by several other users who observed the trading data.

Solana (SOL) could recover to the $110 level, as both technical and on-chain indicators are showing bullish signals, Cointelegraph reported. The outlet noted that SOL has surged over 10% in the past 24 hours to trade around $86, with futures open interest rising 5% to approximately $5.27 billion. On its six-hour chart, SOL has broken the upper resistance of a classic triangle pattern. A closing price above $86 could pave the way for a rally to $110. On-chain data suggests limited buying activity above $85, implying thin sell-side resistance. The next major resistance level based on acquisition price is at $115, a point where approximately 22 million SOL have previously been traded. According to CoinMarketCap, SOL is currently trading at $86.28, up 10.65%.

According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,012.71 on the Binance USDT market.

Wikipedia founder Jimmy Wales has predicted that Bitcoin will plummet to under $10,000 by 2050, U.Today reported. While he stated that Bitcoin's value will not drop to zero, noting its design is robust enough to exist indefinitely barring an unforeseen flaw or a 51% attack, he argued its survival does not guarantee success. Wales suggested that a lack of practical utility will ultimately relegate Bitcoin to the status of a niche hobbyist collectible, describing it as a "complete failure" as both a currency and a store of value.

With nearly half of the Bitcoin supply now at an on-chain loss, an analysis suggests the market may have bottomed out. The Crypto Basic reported that on-chain analyst Crypto Rand said on X that 50% of the Bitcoin supply is currently unprofitable. He noted that this phenomenon has occurred three times in the past, with each instance marking the exact market bottom. Separately, data from on-chain platform CryptoQuant indicates that 48.7% of the circulating supply, approximately 9.7 million BTC, is currently in a loss position. Similar levels were previously observed during major market crashes in November 2022, December 2018, and January 2015, all of which coincided with bear market troughs and were followed by recoveries.

Bitcoin has reclaimed the $67,000 level after a short-term rally of over 5% in the past 24 hours and is now approaching its 200-week moving average, which has historically served as a key support line. Cointelegraph reported that despite the U.S. government's announcement of additional tariffs, Bitcoin has maintained its upward momentum. This has brought the 200-week exponential moving average (EMA), currently around $68,330, back into focus. The report noted that BTC lost this support level earlier in the year amid a sharp price decline. A weekly close above this line could signal further upside for the cryptocurrency.

Nasdaq-listed GD Culture Group (GDC) plans to sell a portion of its Bitcoin holdings to fund a share buyback program, CoinDesk reported. The plan, which has received board approval, follows a significant drop in the company's stock price amid the recent Bitcoin downturn. The company authorized a $100 million share repurchase program and will sell some of its Bitcoin to finance it. GD Culture Group currently holds 7,500 BTC, valued at $497 million, with an unrealized loss of approximately $344 million. GDC shares rose around 7% on Feb. 25, buoyed by a slight rebound in Bitcoin. However, the stock remains down approximately 70% from its peak in September 2025.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

According to Dune data, stablecoin transfer volume surpassed $10 trillion in January, marking the highest level since April 2022. Of this total, 56% originated from decentralized exchange (DEX) liquidity pools. Centralized exchanges (CEXs) hold approximately $80 billion in stablecoins, representing the largest share among labeled addresses.

Crypto media outlet Altcoin Daily, which has 1.66 million subscribers on YouTube, stated on its official X account that the probability of Bitcoin reaching $1 million is higher than it going to $0. This echoes a previous prediction from MicroStrategy (MSTR) founder Michael Saylor, who said that if Bitcoin does not go to zero, it will reach $1 million.

Negentropic, the shared X account of Glassnode co-founders Jan Happel and Yann Allemann, has reignited a controversy surrounding alleged BTC selling pressure from U.S. market-making giant Jane Street. The theory posits that Jane Street orchestrated price drops through algorithmic selling at 10 a.m. U.S. time each day. This narrative is linked to a recent lawsuit filed by the bankrupt developer of Terra, Terraform Labs, against Jane Street over the collapse of TerraUSD (UST) and Luna (LUNA). Proponents of the theory claim that once the suit was filed, the selling pressure ceased and BTC began to rebound. Negentropic emphasized that the Bitcoin flash crashes, which had been occurring daily at 10 a.m., miraculously disappeared once the lawsuit became public. Jane Street has previously dismissed such claims as baseless.

The Solana-based prediction market protocol TBD has raised $3 million in a seed round, The Block reported. The round was led by CMT Digital and ParaFi, with participation from Jump Crypto.