Gate Crypto Flash News and Market Updates

MGBX will launch Espresso (ESP) spot trading at 18:00 (SGT) on February 24, 2026. The deposit time is 16:00, and the withdrawal time is 19:00 on February 27. Espresso is a decentralized foundational layer that enhances the performance, interoperability, and security of Layer 2 Rollups.

On February 24, European stock markets are expected to open flat to slightly higher on Tuesday as market participants reassess the potential impact of Trump's latest tariff policies on the global trade system and risk assets. Data shows that the UK FTSE 100 index is expected to open roughly unchanged, Germany's DAX index and France's CAC 40 index are projected to rise about 0.25%, and Italy's FTSE MIB index is close to a 0.3% increase, indicating that markets remain cautiously optimistic amid uncertainty. Earlier on Monday, European regional stock markets generally declined under pressure, mainly in response to investors' quick reaction to Trump's announcement of a 15% uniform tariff on imported goods. This policy is seen as a significant signal of tightening global trade conditions and has heightened concerns about escalating cross-border trade tensions. European officials have publicly expressed concerns and hinted that this move could disrupt the trade cooperation framework between the EU and the US. Subsequently, the European Parliament announced a suspension of the approval process for the US-EU trade agreement reached last summer, further complicating trade prospects.

February 24 News, the U.S. Federal Reserve has officially advanced a regulatory proposal to end the "debanking" of the crypto industry and has opened a 60-day public comment period on related banking regulatory rules. This move is seen as an important signal of a shift in U.S. financial regulatory policy, and the crypto industry generally believes it could weaken the long-standing banking service restrictions that have troubled digital asset companies. According to official statements, the proposed rules aim to remove "reputational risk" as a core basis for banks to review clients from the regulatory framework, instead focusing on "material financial risk." Regulators have previously instructed banking authorities not to require financial institutions to close customer accounts solely based on reputational concerns, which means that legitimate crypto businesses may receive clearer institutional protections when opening bank accounts and accessing financial services.

February 24 News, according to informed sources close to the transactions, Hong Kong-based stablecoin payment company RedotPay is evaluating an initial public offering (IPO) in the United States, with a planned fundraising scale potentially exceeding $1 billion, aiming to list in New York as early as 2026. If successful, the company's valuation could surpass $4 billion, indicating that the capital markets' interest in stablecoin payment infrastructure continues to grow. Sources say RedotPay has already partnered with JPMorgan Chase, Goldman Sachs, and Jefferies to explore key details such as the listing structure, fundraising scale, and valuation range. Currently, these discussions remain confidential, and the final issuance schedule and underwriting team may still be adjusted. It is also possible that more investment banks will participate in the future.

On February 24, on-chain investigator ZachXBT posted on social media that he will release a major investigation into one of the "most profitable companies in the crypto industry" on February 26, predicting that the market will heat up rapidly. Betting volume around the event of "the next crypto company exposed for insider trading" has approached $3 million, and market sentiment has clearly shifted toward high speculation and information warfare. This prediction contract mainly reflects traders' judgments about the potential investigation targets rather than confirmed facts. As a blockchain-based prediction platform, Polymarket allows users to trade contracts on real-world event outcomes with real funds. Its odds are often seen as real-time indicators of market confidence and expected distribution, making it an important tool for observing unresolved events in the crypto industry, especially after the 2024 US elections.

Since Anthropic launched the AI-powered code vulnerability scanning tool Claude Code Security, the stock prices of several major cybersecurity companies have plummeted, with Palo Alto Networks down nearly 9% and CrowdStrike crashing 18%. Competition from the new tool has caused a sharp market reaction.

10x Research points out that Bitcoin options expiration, political uncertainty, and position concentration will influence the price movement around the $60,000 level in the coming days. The market has not accounted for tail event risks; attention should be paid to capital flows and incentive structures to prepare for potential sharp price fluctuations. The report reminds to stay patient and realistic, and to assess whether $60,000 is a reasonable scenario.

Odaily Planet Daily reports that the Korea KOSPI Index closed up 123.55 points on February 24 (Tuesday), a gain of 2.11%, at 5969.64 points. (Jin10)

A 38-year-old Chinese businessman surnamed Wang was kidnapped and killed in Turkey, with the suspects having a debt dispute with him. Wang was kidnapped by 4 suspects while dining with a female friend, who pretended to be uninvolved. Police discovered his body, and the suspects have been arrested, including the woman who was in collusion with them.

On February 24, it was reported that artificial intelligence company Anthropic launched a research preview of the Claude code security tool on February 20. The global cybersecurity sector's sentiment quickly weakened, with many leading American cybersecurity companies experiencing significant stock price declines. The market is concerned that AI automation vulnerability auditing technology will reshape traditional cybersecurity service models, triggering a revaluation of industry competitive dynamics. The tool is based on the Claude Opus 4.6 model and focuses on AI code vulnerability scanning and automatic repair suggestions. According to official sources, Claude can understand code context, track data flow, and identify potential vulnerabilities missed by traditional pattern-matching tools, while also verifying detection results to reduce false positives. Related tests have shown that the model has identified hundreds of high-risk vulnerabilities, highlighting the practical value of AI in the field of code security auditing.

According to BlockBeats, RedotPay, a stablecoin payment company in Hong Kong, is considering a $1 billion IPO in the United States. The company previously completed a Series B funding round of $107 million, with over 6 million existing users, covering more than 100 markets worldwide.

The report indicates that despite the strong momentum of the U.S. economy, inflation remains too high, and the Federal Reserve will keep short-term interest rates unchanged until before May. In 2026, economic growth will benefit from factors such as lower interest rates and increased government spending, but labor supply bottlenecks could trigger inflation risks.

According to Coinbob monitoring, the largest on-chain ETH whale currently holds ETH long positions with 15x leverage, with an unrealized loss of $11.8 million and a loss of 138%. Its holdings amount to approximately 70,000 ETH, with a total value of $127 million, and an average price of $1,991. Recently, it increased its position by 10,000 ETH at $1,880, with a total deposit of $55 million. The account funds are approximately $34.3 million. This whale employs a high-selling, low-buy trading strategy.

The "LeBron" wallet has profited millions of dollars across multiple projects, but its investment in Solana chain token $ONE has suffered significant losses. It purchased approximately 45 million $ONE for about $110,000, and currently holds about 35.9 million, with a market value of around $12,000, resulting in a loss of approximately $84,000 and a drawdown of 76%.

Gate News bot message: According to the latest Gate TradFi data, TW88 experienced a short-term decline of 9%, with current volatility significantly higher than the recent average level, and market activity has increased.

February 24 News, the blockchain intelligence platform TRM Labs and banking infrastructure company Finray Technologies announced a partnership to jointly launch a unified monitoring system covering cryptocurrency and fiat currency transactions. The solution integrates Finray's compliance and decision engine XZiel with TRM's on-chain analysis tools to enable real-time risk alerts, automatic escalation handling, case management, and risk scoring for both crypto assets and traditional payments. The two parties pointed out that as stablecoin settlement and fiat payment processes accelerate integration, and with the implementation of the European crypto asset market regulation framework MiCA, financial institutions are facing higher levels of compliance and anti-money laundering scrutiny. A unified monitoring system for cryptocurrencies and fiat currencies is becoming a fundamental infrastructure requirement for banks, custodians, and corporate finance departments entering the digital asset space.

Ju.com announces the launch of the Web3 Entrepreneur Support Program, recruiting 100 high-quality institutions and project teams worldwide. Institutions that successfully open JU trading pairs will enjoy price guarantees, badge certification, and a variety of benefit packages to enhance project exposure and competitiveness.

Gate News Bot Message, February 24 — According to CoinMarketCap data, as of press time, DEXE (DeXe) is trading at $2.97, up 12.73% in the past 24 hours. The price reached a high of $3.02 and a low of $2.11. The 24-hour trading volume is $20.1 million. The current market capitalization is approximately $249 million, an increase of $2.81 million from yesterday. DeXe Protocol is an advanced Web3 governance solution that provides users with innovative infrastructure for creating and managing DAOs. The protocol consolidates over 50 smart contracts, including DAO contracts, governance contracts, treasury contracts, launchpad contracts, delegation contracts, and councilor contracts, enabling developers to build sophisticated Web3 products across multiple blockchains.

According to Watcher.Guru, Michael Saylor's Strategy currently has an unrealized loss of $9.5 billion in Bitcoin investments.

Web3 Foundation announces that it will gradually phase out official customer support for Polkadot, shifting towards building more autonomous products and user interfaces to reduce users' reliance on customer support. Existing support forms will handle remaining tickets, while AI chatbots and support page knowledge bases will be taken offline. Users are encouraged to seek help through Polkadot community channels.