Important news from last night and this morning (February 26-27)

Bitcoin analyst Willy Woo: This round of selling pressure may have temporarily subsided, and the bear market may continue until early 2027.

The market is likely to rebound to the mid-$70,000 level but will likely encounter resistance. A typical bear market bottom range is around $45,000. If the global macroeconomic environment weakens significantly, then $30,000 and $16,000 will be key support levels and the last lines of defense for maintaining a long-term bull market structure, respectively.

Proposed rules from the US OCC for stablecoin regulation: Stablecoin redemptions will not exceed 2 business days, and if daily redemptions exceed 10% of the circulating supply, the redemption period can be extended to 7 days.

The draft law refines the GENIUS Act's prohibitions on stablecoin interest payments, focusing on restricting the indirect payment of returns to holders through third parties. The draft explicitly rejects two common circumvention methods, including the practice of issuer partners paying rewards to holders; for example, Paxos's PayPal stablecoin PYUSD, which involves PayPal paying rewards to users, was deemed non-compliant. The proposed rules require payment-type stablecoins to complete redemptions within two business days under normal circumstances, automatically extending to seven calendar days if daily redemptions exceed 10% of the circulating supply.

Magic Eden plans to close its Bitcoin and EVM markets and terminate its multi-chain wallet.

According to Blockspace, Magic Eden plans to announce as early as February 27 that it will shut down the Bitcoin and EVM (NFT) marketplace in the first week of March; its multi-chain wallet will switch to "export-only" mode in mid-March and completely cease service in early April, with its business focus likely returning to the Solana ecosystem.

Cardone Capital is preparing to tokenize approximately $5 billion in real estate assets.

According to CoinDesk, real estate investor Grant Cardone stated that his Cardone Capital is preparing to tokenize approximately $5 billion in real estate assets to provide investors with on-chain collateral and secondary market liquidity. The company previously announced plans to use real estate cash flow to purchase Bitcoin long-term, having already purchased 1,000 BTC in June of this year, and plans to continue increasing its holdings.

Coinbase will launch spot trading of Robo Token (ROBO).

According to Coinbase Markets, spot trading of Robo Token (ROBO) is expected to launch on the Coinbase platform on February 27th. The ROBO-USD trading pair will open at or after 5:00 AM Pacific Time, provided liquidity conditions are met, and users in supported regions will be able to participate in trading. ROBO will be available on coinbase.com, the Coinbase App, and Coinbase Advanced, and institutions can access it directly through Coinbase Exchange. The official announcement also disclosed that ROBO is an Ethereum network ERC-20 token and warned against transferring it through other networks to avoid asset loss.

Address "0xfb7" transferred 23,500 ETH to FalconX, worth approximately $47.47 million.

According to Onchain Lens, an OTC whale with the address "0xfb7" transferred 23,500 ETH, worth approximately $47.47 million, to the market-making platform FalconX to sell and repay loans. This address currently holds approximately 4,000 cbBTC (approximately $269 million), 120,380 stETH (approximately $243 million), and 29,727 WETH (approximately $60.16 million), while also having approximately $97.26 million in outstanding USDT loans on Aave.

Anthropic stated that it rejects the Pentagon's "final proposal".

Anthropic CEO Dario Amodei stated that even if faced with being removed from the Department of Defense program, the company will not agree to the requirement of "all legitimate uses" and will cooperate with its smooth migration to other model suppliers.

Foreign media reports: PayPal and Stripe are not currently in negotiations, and PayPal has no plans to sell itself.

According to US financial media Semafor, PayPal (PYPL.O) and Stripe are not currently in negotiations. PayPal (PYPL.O) has no plans to sell itself.

Block is laying off 4,000 employees, nearly half of its workforce.

US fintech company Block is laying off 4,000 employees, nearly half of its workforce. The company is betting on artificial intelligence to transform future labor productivity. Following the layoffs, Block's stock price surged 22% in after-hours trading. Since 2024, Block has been restructuring its business model and staffing due to its lagging stock performance. Simultaneously, the company has invested heavily in developing AI tools to improve operational efficiency, including its own tool called Goose. In a letter, founder Jack Dorsey wrote, "Intelligent tools have redefined how we create and run companies. We've already seen this change within the company. A significantly smaller team, using the tools we've developed, can get more done and do it better."

US lawmakers introduce new bill to protect crypto developers from criminal misuse.

According to a post by crypto journalist Eleanor Terrett, U.S. Representatives Scott Fitzgerald, Ben Cline, and Zoe Lofgren have jointly introduced a bipartisan "Blockchain Innovation Promotion Act of 2026," aimed at protecting software developers from the misuse of Section 1960 of the United States Code. The bill clarifies that Section 1960 applies only to entities that control customer funds, not just developers who write code. This distinction is precisely what the crypto industry (especially the DeFi sector) has been pushing for to be included in the Clarity Act.

Analysts: Bitcoin's rebound was capped by the $68,000 trendline; the bear market is not over yet.

According to Cointelegraph, Bitcoin retreated to around $67,000 after failing to recover key support levels. Traders and analysts pointed out that the 200-week exponential moving average and the all-time high before 2021 are both acting as resistance. The 200-week EMA is currently "acting as resistance," and historical experience suggests that if the price continues to stay below this moving average, it will tend to move further down. Analysts are generally cautious about whether the bear market has ended. Rekt Capital stated that the shortest Bitcoin bear market in history lasted 365 days, while the current bear market has only lasted about 140 days, and any discussion about the end of the bear market "may be premature." Trader Roman pointed out that previous bear market cycles saw declines of nearly 80%, while the current decline from the October 2025 high is only about 53%, and there are no signs of reversal on the monthly and weekly charts.

US Senator Lummis retorts to SBF: The Clarity Act will make you spend more time in jail.

U.S. Senator Cynthia Lummis responded to SBF's support for the CLARITY Act in a post on the X platform, stating that the bill would put SBF in prison for well over 25 years. Lummis emphasized that her legislation is completely different from the bill SBF attempted to buy off Congress in 2022, ignoring his opposition, and stated, "We don't need and don't want your support." SBF had previously stated that the CLARITY Act would be a milestone for the crypto industry and a major achievement for Trump, adding that he had advocated for similar legislation to free the crypto industry from Gensler's regulation.

Federal Reserve Chair Jerome Bowman: Ensure the banking system is well-equipped to support digital asset activity and encourage innovation in a responsible manner.

According to a post by Sarah Wynn of The Block, the Senate Banking Committee hearings on banking regulators have just begun. In her prepared testimony, Federal Reserve Vice Chair for Supervision Michelle Bowman stated that the central bank is committed to implementing the GENIUS stablecoin law and plans to “provide clarity on how digital assets are handled to ensure the banking system can adequately support digital asset activities.” Bowman stated, “As a regulator, my responsibility is to encourage innovation responsibly, and we must continuously improve our ability to oversee the risks that innovation may pose to safety and soundness.”

Analysts refute rumors of "Jane Street selling Bitcoin at 10 a.m. daily," stating that Bitcoin is not easily manipulated.

According to Cointelegraph, analysts say data does not support market rumors that quantitative trading firm Jane Street manipulates Bitcoin prices through algorithmic selling at the opening of the US stock market each day. The allegations stem from a lawsuit filed by Terraform Labs' court-appointed administrator against Jane Street, accusing it of insider trading that exacerbated the collapse of the Terra algorithmic stablecoin ecosystem in May 2022. Some believe that Jane Street's holdings in the BlackRock IBIT ETF may have concealed a net short position through hedging not disclosed in public filings, and that it conducted coordinated algorithmic selling daily at 10:00 AM ET.

MEV Capital's assets under management shrank by 80% in four months, and its team was absorbed by Belem.

According to The Block, on-chain asset management firm MEV Capital's assets under management (AUM) have declined by 80% from a peak of $1.5 billion in October 2025, to approximately $300 million as of February 25. This four-month asset shrinkage stems from the stablecoin de-pegging event on October 10th of last year, which triggered automatic liquidation of multiple protocols, resulting in a direct loss of over $10 million for the company. MEV Capital was heavily involved in yield strategies for the Elixir-issued deUSD stablecoin. The asset contraction led to a significant drop in revenue. The company's total protocol revenue in the first quarter of 2026 fell to $804,720, a decrease of 86.8% from $6.1 million in the fourth quarter of 2025 and a decrease of 92.4% from the peak of $10.62 million in the first quarter of 2025.

The former CEO of Goliath Ventures was arrested on suspicion of running a cryptocurrency Ponzi scheme worth approximately $328 million.

According to Decrypt, the U.S. Attorney's Office for the Central District of Florida stated that Christopher Alexander Delgado, former CEO of crypto investment firm Goliath Ventures, has been arrested and faces charges of wire fraud and money laundering, which carry a maximum sentence of 30 years in prison. The indictment alleges that Delgado lured victims with promises of monthly returns on investments in crypto liquidity pools, but the funds were used to pay returns to early investors, purchase luxury homes, and fund extravagant lifestyles. The monthly returns received by investors actually came from funds from later investors. Victims identified by law enforcement will receive notices of their rights.

MetaMask and Mastercard launch payment cards in the US that support on-chain cashback.

According to The Block, Consensys' crypto wallet MetaMask has partnered with Mastercard to launch a "self-custodial" payment card in the US. Users can use it at Mastercard locations and it also supports Apple Pay and Google Pay. Unlike custodial cards that require funds to be deposited into an exchange account beforehand, the MetaMask Card allows users to retain control of their assets until the time of payment. The card is powered by Baanx. Cardholders will receive cashback rewards for payments made with the MetaMask stablecoin mUSD. Standard cardholders receive 1% cashback, while premium users can earn up to 3% cashback on their first $10,000 of spending each year.

Federal Reserve Governor Milan believes that interest rates need to be cut by about 1 percentage point this year, in four phases.

According to Jinshi News, Federal Reserve Governor Milan stated that he believes an interest rate cut of approximately 1 percentage point is needed this year, in four 25-basis-point cuts, implemented as soon as possible.

Axiom responded: Access to the relevant tools has been removed, and those responsible for the violations will be held accountable.

In response to on-chain detective ZachXBT's accusation that "multiple Axiom employees abused internal data for insider trading," Axiom stated: "We are surprised and disappointed to learn that someone on our team abused internal customer support tools to access user wallets. We have removed access to these tools and will continue our investigation to hold those responsible accountable. This behavior does not represent our team, and we are always committed to putting users first. We will share updates on Twitter, so please stay tuned."

Binance chose Greece as its EU regulatory base, submitting its application before the MiCA deadline.

According to Finance Feeds, Binance co-CEO Richard Teng revealed that the exchange submitted an application to Greek regulators last month to obtain an operating license under the EU's Crypto Asset Market Regulation (MiCA). MiCA requires crypto companies to obtain a license by July 2026 to operate within the EU. Teng stated that MiCA licenses are standardized throughout Europe, thus requiring consideration of multiple factors such as labor force, talent pool, and security. Greece is considered a suitable base for expansion within the EU. The crypto market has experienced significant volatility over the past year, with Bitcoin falling approximately 50% from its October high of $126,000. Teng noted that retail investor sentiment has weakened, but institutional participation remains stable, with "smart money, institutional funds, and long-term capital continuing to flow in."

ZachXBT: Multiple Axiom employees misused internal data for insider trading

According to on-chain investigator ZachXBT, multiple employees of cryptocurrency exchange Axiom Exchange allegedly exploited access control vulnerabilities in internal tools since early 2025 to view sensitive user information and track private wallet activity, potentially engaging in insider trading. ZachXBT specifically named Broox Bauer as one of those involved. Founded in 2024 by Mist and Cal, Axiom completed its Y Combinator incubation in the winter of 2025, becoming one of the most profitable companies in the sector, generating over $390 million in revenue to date. ZachXBT stated that he was hired to investigate the platform's alleged misconduct after receiving a whistleblower report.

Robinhood launches in Canton (CC)

According to official sources, Robinhood has launched on Canton Network (CC).

The number of Americans filing for initial jobless claims for the week ending February 21 was 212,000, compared to an expected 215,000.

According to Jinshi News, the number of initial jobless claims in the United States for the week ending February 21 was 212,000, compared with an expected 215,000 and a revised previous figure of 208,000 from 206,000.

Bluprynt raises $4.25 million in seed funding, with participation from Coinbase Ventures, Robinhood, and others.

According to The Block, crypto disclosure company Bluperynt has completed a $4.25 million oversubscribed seed funding round, led by Valor Capital Group, with participation from Coinbase Ventures, Robinhood, Selah Ventures, Quona Capital, and Nubank co-founder Edward Wible. Founded by Georgetown University professor Christopher J. Brummer, the company aims to provide simplified global compliance solutions for digital assets. Brummer likens the company's business to "tax software for compliance," helping banks, asset management firms, stablecoin issuers, and payment companies bring their core operations on-chain within regulated frameworks. The company previously raised pre-seed funding.

Huma Finance: HUMA Token Q3 Airdrop Now Available for Claim

Huma Finance announced on its X platform that the Q3 HUMA token airdrop is now open for collection and will close on March 26th at 21:00 (UTC+8). Withdrawing locked $PST or $mPST during the collection period will reduce the allocation for the next quarter. Q4 has also launched, with the Classic pool offering up to 13.4% annualized return and the Priority pool offering up to 21.5% annualized return. The next airdrop is expected in approximately three months.

Binance Research: Market concerns about AI disrupting software may be excessive; Bitcoin is nearing a structural bottom.

According to Binance Research's latest weekly report, the US Supreme Court's tariff ruling initially increased uncertainty, but quantitative analysis suggests the direct impact may be quite limited, and the market may have exaggerated downside risks to inflation and economic fundamentals. Market concerns about AI disrupting software may be excessive. Once software stocks form a sustained bottom, the mechanical correlation between tech stocks and Bitcoin will subside. This week's Nvidia earnings report and Anthropic corporate partnership update may be early signs in this direction. Currently, Bitcoin and the global M2 money supply are experiencing the longest and largest divergence in history, stemming from three structural distortions: a weak dollar mechanically inflates the nominal value of M2 through exchange rate conversion; the approval of spot ETFs leads institutions to classify Bitcoin and software stocks as the same high-volatility tech factor; and persistently high real interest rates make money market funds a competitive alternative to risky assets.

A whale purchased another 8,033 ETH through Galaxy Digital, worth approximately $16.47 million.

According to The Data Nerd, four hours ago, whale 0x69A purchased another 8,033 ETH (approximately $16.47 million) through Galaxy Digital. Over the past three months, this whale has accumulated 14,551 ETH, with an average price of approximately $2,206. It currently holds 37,576 ETH (approximately $77.53 million), with a paper loss of approximately $38.45 million.

Cryptocurrency trading platform STS Digital has raised $30 million in funding, led by CMT Digital.

According to Fortune magazine, STS Digital, a cryptocurrency options trading platform targeting institutional investors, has completed a $30 million funding round led by CMT Digital, with participation from Kraken, Arrington Capital, and Fidelity Investments. STS Digital offers options contracts for over 400 cryptocurrencies and acts as an options market maker, providing liquidity to asset pools. The company currently has nearly 50 employees, and its clients include the Uniswap Foundation. It projects its annual revenue will triple between 2024 and 2025. This funding round will be used to expand trading volume and hire more staff.

Vitalik has sold almost all of the 19,318 ETH in his "0xfeb" wallet, leaving him with only 8.6 ETH.

According to Onchain Lens monitoring, Vitalik has sold almost all of the 19,318 ETH held in his "0xfeb" wallet, cashing out $38.7 million at an average price of $2,004. The wallet now holds only 8.6 ETH. He originally planned to sell 16,384 ETH, but may have ultimately sold more. Onchain analyst Yu Jin stated that while the ETH in the address Vitalik used to sell this time has been sold, it doesn't mean Vitalik has sold all of his ETH. He still holds approximately 264,000 ETH ($543 million) in other addresses.

Foreign media reports: Whop receives $200 million investment from Tether, valuing the company at $1.6 billion.

According to TFN, global internet marketplace Whop has received a $200 million investment from Tether, valuing the company at $1.6 billion. Tether disclosed its strategic investment in Whop yesterday, but did not reveal the specific amount.

Telegram's built-in encrypted wallet, TON Wallet, now features Bitcoin, Ethereum, and USDT holding rewards.

According to The Block, Telegram's embedded crypto wallet, TON Wallet, has announced on-chain yield options for Bitcoin, Ethereum, and USDT holders. Users can deposit their assets into a "vault" to participate in on-chain strategies designed to generate floating yields. The USDT strategy, supported by Re7 DeFi strategies, offers up to 18% annualized returns; the ETH and BTC vaults extend the yield functionality to these two major crypto assets. This feature is implemented through TON Wallet, with integration from Morpho, TAC, and Re7.