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U.S. Treasury Secretary Scott Bessent criticized crypto industry “nihilists” resisting the Digital Asset Market Clarity Act, emphasizing its necessity for regulatory progress; further Senate discussions are planned. #Update #Crypto $BTC
Sovcombank becomes the first Russian bank to offer bitcoin-backed loans to individuals and corporations, following a pilot program by Sberbank. The service is available only to legal asset holders. #Update #Crypto $BTC
Eight EU-regulated digital asset firms urge policymakers to expedite changes to the DLT Pilot Regime, warning that Europe risks losing its tokenization lead to the U.S. #Update #Crypto $BTC
Bitcoin $BTC is trading at $71,091.27, about 20% below its $87,000 production cost, pressuring miners as hash rate declines and some sell holdings to cover expenses. #Update #Crypto $BTC
Bitcoin climbed back above $71,000 after dipping below $70,000 amid a broader tech stock selloff. Analysts note the recovery seems driven by short covering rather than strong demand. #Update #Crypto $BTC
A U.S. House investigation is examining @WorldLibertyFin for potential foreign entanglements involving a $500M UAE investment and its USD1 stablecoin’s role in a $2B Binance deal. World Liberty must respond by March 1. #Update #Legal $USDT
Bitcoin slides to mid-$70,000s as on-chain data signals bear market; U.S. spot bitcoin ETFs shift to net sellers, while liquidity tightens with stablecoin growth stalling. #Update #Crypto $BTC
Kyle Samani, co-founder of @MulticoinCap, steps down as managing director to explore other tech areas while remaining active in crypto investments; he highlights the potential impact of the Clarity Act. #Update #Crypto $SOL
$BNB enters CoinDesk 20 index for the first time with over 15% weight, potentially lowering overall risk profile amid market corrections. #Update #Crypto $BNB
@Ripple’s Ripple Prime now integrates with decentralized exchange Hyperliquid, enabling clients to access onchain perpetuals liquidity while managing risk. This move enhances institutional access to derivatives. #Update #Crypto $XRP
@Opinion raised $20 million in a pre-Series A round, highlighting ongoing interest in prediction markets amid a weak crypto market, with plans to expand globally ahead of major events. #Update #Crypto $USDT
The hype around cryptocurrency IPOs is fading, with liquidity shortages seen as a major threat; 107 out of 242 respondents believe TradFi is taking over crypto. #Update #Crypto $BTC $ETH
Bitcoin ETFs faced $272M in outflows as volatility increased, while $ETH and $XRP products saw inflows of $14M and $20M respectively, indicating shifting investor preferences. #Update #Crypto $BTC
Rui-Siang Lin, operator of the dark web marketplace “Incognito Market,” was sentenced to 30 years for processing over $105 million in illegal drug sales, impacting hundreds of thousands globally. #Breaking #Legal
