Gate Crypto Flash News and Market Updates

Recently, market risk aversion has increased, the US dollar is strong, long-term government bond yields are rising, and gold has hit new highs. Cryptocurrency assets have declined, with significant net outflows from BTC and ETH, and market sentiment is extremely fearful. Traditional derivatives institutions and mining companies are adjusting their strategies, and market funds are becoming more cautious.

Gate launched the Flash Swap Lucky Draw Phase 6 from February 24 to March 2. Users can initiate flash swap transactions with $1 to win up to 1,000 USDT. Participating in tasks can unlock multiple draws, with a total prize pool of $60,000.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $66,406, the total liquidation strength of long positions on major CEXs will reach $1.728 billion. Conversely, if BTC drops below $60,242, the total liquidation strength of short positions on major CEXs will reach $798 million.

ChainCatcher reports that, according to Coinglass data, if ETH breaks above $1,916, the total liquidation strength of mainstream CEX short positions will reach $1.115 billion. Conversely, if ETH drops below $1,736, the total liquidation strength of mainstream CEX long positions will reach $694 million.

EMJ Capital founder Eric Jackson stated that Bitcoin ETF investors are experiencing "institutional exits," but this does not mean the end of the bull market; rather, it is a market cleansing process, and in the future, it will be replaced by long-term capital such as sovereign wealth funds. He believes that market pessimism is intensifying, but in the future, there will be a recovery in stablecoin supply and stronger holding capital.

Bitcoin miner manufacturer Canaan Inc. acquired a 49% stake in Cipher Mining's ABC Projects in Texas for $39.75 million, becoming a major shareholder. The deal involved issuing shares and purchasing 6,840 mining machines, with the total hash rate of the mining farm approximately 4.4 EH/s.

Odaily Planet Daily reports that Infini founder Christian posted a screenshot of a Visa crypto card on X and stated, "Major update coming tomorrow, it's back," hinting at the re-launch of the crypto card product. Infini was previously a leading project in the crypto card space but announced the discontinuation of Infini Card services in May of last year.

Ark Invest founder Cathie Wood reiterated her confidence in Bitcoin during a Bloomberg interview, believing that Bitcoin is superior to gold and has the ability to resist inflation and deflation. Although Bitcoin has performed poorly this year, Wood remains focused on its long-term structural adoption trend rather than short-term price fluctuations.

Gate News bot message, Whale address 0xcd6b deposited 7.35 million USDC into Hyperliquid to establish long positions on NVDA and SNDK stocks. The whale currently holds 61,951 xyz:NVDA valued at $11.94 million and 2,920 xyz:SNDK worth $2 million in long positions. Additionally, a limit order for 40,7

This article summarizes cryptocurrency news as of February 24, 2026, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. Gate's spot market share remains among the top three globally, with derivatives ranking fourth in the industry; 2. The Kremlin directly targets Telegram, and Pavel Durov faces a criminal investigation controversy; 3. The Federal Reserve plans to eliminate the "reputation risk" rule: restrictions on bank accounts for crypto companies may see significant easing.

The three major U.S. stock indices mostly rose before the market opened, with the Nasdaq up 0.19%, the Dow Jones up 0.05%, and the S&P 500 up 0.1%. Most of the seven major tech stocks increased, with Apple, Microsoft, and Nvidia all rising, while Tesla slightly declined.

February 24 News, Bitcoin has recently been on a continuous decline, sparking market attention on the recovery timing. According to Glassnode data, the 90-day realized profit and loss ratio has fallen below 1 for the first time since 2022, indicating that the market has entered an oversold phase. Historical experience shows that this state typically lasts about six months, suggesting that Bitcoin may remain at low levels until the end of the third quarter of this year. The realized profit and loss ratio reflects the proportion of profits and losses in on-chain transactions. When the ratio is below 1, losses dominate, and investors are mostly capitulating. Past bear market cycles—2015, 2018, and 2022—have all shown this pattern. During these lows, market panic is common, but it also presents potential buying opportunities.

On February 24, Democratic members of Congress introduced a new bill to counter President Trump's proposal to restrict institutional investors from holding housing. Massachusetts Senator Elizabeth Warren and Oregon Senator Jeff Merkley, along with 14 other Democratic senators, jointly submitted the bill, which aims to eliminate certain housing tax benefits for large corporations, prohibit companies owning more than 50 single-family homes for rental from claiming depreciation on housing value and mortgage interest deductions, and restrict their access to federal guaranteed loans. The bill provides temporary exemptions for companies building new multi-family housing or renovating previously uninhabitable properties.

February 24 News, Ethereum founder Vitalik Buterin stated at an event in Chiang Mai, Thailand, that Bitcoin was designed with a priority on decentralization rather than privacy features, so it cannot effectively support both. He pointed out that Bitcoin, in order to maximize decentralization, has almost sacrificed privacy benefits, resulting in highly transparent transactions and account information on the blockchain. Buterin explained that early cryptographic technology relied on centralized institutions to protect privacy because achieving full decentralization and privacy simultaneously was nearly impossible at the time. He emphasized that Bitcoin's design trade-offs involve some sacrifices in privacy, but its decentralization advantage provides the foundation for its network security and resistance to censorship.

February 24 News, Strategy announced an additional $40 million investment in Bitcoin, despite the current market being somewhat pessimistic about Bitcoin price forecasts. The company currently holds Bitcoin worth $55 billion, with an average cost of approximately $76,020. At Bitcoin's current price of $63,000, unrealized losses amount to nearly $10 billion. Executive Chairman Michael Saylor stated that the company employs a dollar-cost averaging strategy and is not concerned about short-term price fluctuations. Recently, Bitcoin has been affected by geopolitical tensions, economic uncertainties triggered by developments in artificial intelligence, and policy changes by the Trump administration, leading to consecutive price declines. Matt Howells-Barby, Vice President of Growth at CEX, pointed out that Bitcoin could potentially drop to $50,000 in the short term. Data from DefiLlama shows that investors sold over $1 billion worth of Bitcoin ETFs in February, bringing the total ETF decline since November last year to $7 billion. Data from CF Benchmark indicates that major hedge funds reduced their Bitcoin ETF holdings by 28% between the third and fourth quarters.

February 24 News, Roam Network released its latest Litepaper, introducing its "Digital Terrain Map" system aimed at telecom operators and physical artificial intelligence. The system uses smartphones as a continuous measurement layer to track signal quality, latency, blind spots, and handovers in real-time. It has already collected over 3.7 billion connection measurement data points from 127,000 devices across 187 countries/regions worldwide, with approximately 10,000 to 14,000 users contributing each month. Roam's Digital Terrain Map is considered an upgraded version of traditional road testing, offering low cost, data-rich insights, and timely updates to provide telecom operators with real-time network optimization references. For physical artificial intelligence, this map is similar to a "robotic Waze," enhancing route planning, operational efficiency, and safety for drones, robots, and autonomous vehicles.

On February 24, news reports indicated that Russia has launched an investigation into Telegram founder Pavel Durov, accusing him of "assisting terrorist activities," showing that his relationship with the Kremlin has severely deteriorated. According to official media outlets Rossiya and Komsomolskaya Pravda, Telegram is being accused of becoming a tool for Western and Ukrainian intelligence agencies and being used to plan multiple attacks against Russia. The reports cite materials from the Federal Security Service (FSB), stating that Durov's actions are under criminal investigation. Since leaving Russia in 2014, Durov has built Telegram into a platform centered on privacy and independent of government control. He has acquired French and UAE citizenships and successfully resisted Moscow's attempts to ban the platform in 2018. Nevertheless, Russia continues to pressure Telegram, including restricting traffic, blocking certain features, and encouraging users to switch to the state-controlled messaging app Max.

On February 24, it was reported that World Liberty Financial (WLFI) dropped about 8% in the past 24 hours, weakening after falling below the $1 key level. Previously, WLFI was forming a bullish cup-and-handle pattern, but recent price fluctuations have been mainly influenced by leverage liquidations rather than long-term investors selling off. On-chain data shows that WLFI's largest holder wallet has increased its holdings from 8.23 billion tokens to 8.56 billion tokens since February 19, adding approximately 330 million tokens, equivalent to about $35 million. This indicates that whales have actively entered during the price decline, reflecting confidence in a future recovery. Meanwhile, exchange inflows have decreased from 128 million tokens to just 8.9 million tokens, a nearly 93% drop, showing reduced retail selling pressure.