Organizer: Cora, Techub News
TinTinLand
Fear and Greed Index: 11 (Extreme Greed)
Bitcoin Price: $63,559
BTC/ETH Spot ETF Fund Flows (2.23)
BTC Net Outflow: $50.29 M
ETH Net Outflow: $2.71 M
Hong Kong
BTC/ETH Spot ETF Fund Flows (2.23)
BTC Net Subscription/Redemption: 0 BTC
ETH Net Subscription: 302.96 ETH
Regulatory/Macroeconomic
The Brazil Central Bank plans to advance regulations regarding the operation of the country’s institutional virtual asset service providers (VASP) before 2027. The bank's regulatory department deputy director, Antônio Marcos Guimarães, stated that relevant rules will be promoted during the 2026-2027 period and that local operational licensing standards have been finalized, requiring approved institutions to report their business activities within 270 days. Additionally, the Brazilian Federal Revenue Service intends to impose a 3.5% tax on stablecoin fund flows. This move aims to close previous loopholes that allowed individuals and institutions to use stablecoins as substitutes for the dollar for payments and cross-border remittances.
According to reports from the Russian Sputnik News Agency, former CIA officer John Kiriakou disclosed that a source within the White House indicated that the US may launch a military strike on Iran on February 23 or 24.
The South Korea Central Bank reiterated its position, stating that regulators should only allow licensed commercial banks to issue won-denominated stablecoins due to concerns over money laundering and financial stability risks.
US Customs and Border Protection stated that it will stop collecting tariffs under the International Emergency Economic Powers Act at 12:01 AM Eastern Time on Tuesday, February 24 (13:01 Beijing Time).
The US SEC's Division of Trading and Markets released FAQs regarding crypto asset activities last week, explicitly stating that brokers holding stablecoins can count them as net capital at a 2% discount; this means that for every $100 million in stablecoins held, brokers can count $98 million towards net capital requirements. Previously, brokers generally applied a 100% haircut on stablecoins, meaning that related holdings could not count towards net capital, significantly limiting institutional participation in stablecoin operations.
Projects/Company News
Bitcoin mining company Bitdeer tweeted, "Our decision to sell Bitcoin should not raise general concerns in the market. We are currently evaluating multiple non-binding land acquisition opportunities and believe that preparing liquidity now is a prudent move. Our hash rate will continue to grow, and we will continue mining to maintain shareholders' interests."
The IoTeX team released a security incident update. IoTeX stated that the vulnerability targeted its Ethereum side contracts of the multi-chain bridge ioTube, while bridging contracts on other chains (such as BSC and Base) were unaffected. Moreover, IoTeX L1 and user assets and exchange assets are secure.
The UK-listed Bitcoin treasury company The Smarter Web Company announced that it has placed 75,000 ordinary shares according to the terms of the subscription agreement published on December 24, 2025. The total proceeds from this placement will amount to £26,745 (before expenses). Additionally, the company acquired Squarebird Agency Ltd, a profitable web design and digital marketing agency based in Bristol, on February 20, with a total net consideration of £1,690,000.
JPMorgan acknowledged terminating its banking relationship with Trump following the Capitol riot on January 6, 2021, an action that ultimately prompted the Trump family to start participating in the cryptocurrency space.
According to a Dune data board created by X user @datadashboards, the forecast market had over 38.01 million trades last week, with Polymarket's trade volume at 22.58 million, ranking first; Kalshi had a trade volume of 14.86 million, ranking second; and Opinion had a trade volume of 227,500, ranking third.
In-depth & Prospects
Acquiring Magna, on the surface, seems like just another line in Kraken's acquisition list, but in reality, it is a key part of controlling the "full lifecycle" of tokens. Before the IPO quiet period, Arjun Sethi and his team are using real acquisitions to convey a clear signal to the market: Kraken is no longer just an exchange for buying and selling cryptocurrencies, but a comprehensive financial infrastructure covering asset issuance, trading, and derivatives.
In the crypto bull market of 2021, entrepreneurs proposed a grand blueprint to reshape the internet with decentralized infrastructure, including potential alternatives to platforms like Twitter and Spotify. For crypto investors, these plans revolved around the so-called token mechanisms, where venture capital firms obtain ownership of proprietary cryptocurrencies rather than traditional equities.
The crypto industry has reached a turning point. Billions of dollars are pouring in, institutional interest has peaked, and the regulatory environment is becoming increasingly friendly. However, for builders and users, the situation is darker than ever. The gap between institutional capital inflow and the crypto-native community is widening, reflecting a larger issue where the original spirit of decentralization and crypto-punk experimentation seems to be gradually fading as centralized entities flood in and exert a huge influence.
What does the whole industry look like now? Exchanges are laying off staff due to compliance costs, NFT platforms are laying off staff due to lack of trading volume, and GameFi project teams are directly disbanding because their tokens have gone to zero. This is not just a winter for the crypto industry, but rather a "streamlining" happening across the global tech sector.
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