Crypto Giants Gemini and Crypto.com Pour $21M Into Trump-Aligned MAGA Inc

Jane Street Halts "10 AM Dump", BTC Stages Strong V-Shaped Rebound Nearing $70K Mark

BTC experienced a strong V-shaped rebound, approaching the $70,000 mark, with ETH and SOL also showing significant gains. Market sentiment improved as Bitcoin spot ETFs recorded net inflows, potentially ending a five-week outflow streak. The rally was fueled by a mix of market dynamics, including allegations against Jane Street for allegedly suppressing Bitcoin’s price through systematic trading practices, though some analysts dismissed long-term manipulation claims. Positive quarterly earnings from Circle and Nvidia further boosted confidence, highlighting strong demand for stablecoins and AI-related investments. Institutional interest grew, with university endowments beginning to allocate to crypto ETFs, and mining firms showed resilience amid market volatility. The rebound provided a renewed narrative for market optimism, though its sustainability remains to be seen.

Odaily星球日报6 min fa

Bitcoin Rebounds to $69K, Triggers $400M Short Liquidations

Bitcoin rebounded to nearly $69,000 on February 25, marking its first return to that level in over a week. The cryptocurrency surged over 7% in a single day after dipping to $63,000 just a day earlier. Despite the recovery, Bitcoin remains down more than 21% over the past month. This price movement triggered significant liquidations in the derivatives market, totaling $463 million in 24 hours. Over $400 million of that came from short positions, with Bitcoin alone accounting for around $200 million in short liquidations. Ethereum and Solana followed with $153 million and $22 million, respectively. Ethereum saw a 12% gain, reaching $2,075, while Solana dropped nearly 14% to below $89. Other major cryptocurrencies like Polkadot, Filecoin, and Avalanche also posted double-digit gains. The broader crypto market rose 6.6%, and crypto-related equities climbed as risk appetite improved.

TheNewsCrypto11 min fa

Vanguard, BlackRock lead the ETF wave as market remains in ‘extreme fear’

ambcrypto31 min fa

Bitwise Plants Its Flag In ETF Staking With Chorus One Buyout

Crypto asset manager Bitwise has acquired staking infrastructure firm Chorus One, which manages over $2.2 billion in assets across dozens of blockchain networks. The deal brings 50 employees into Bitwise's onchain division and expands its staking services to more than 30 proof-of-stake networks, including Solana, Avalanche, and Sui. While financial terms were undisclosed, the acquisition positions Bitwise to capitalize on staking as a key growth opportunity, especially as the SEC warms to crypto investment products like ETFs that may offer staking rewards. Bitwise, which already manages $15 billion in assets and runs over 40 investment products, including its Bitcoin and Ethereum ETFs, continues to expand beyond its core ETF offerings.

bitcoinist31 min fa

Polymarket vs Kalshi: Who is the King of Prediction Markets?

Polymarket and Kalshi are the two dominant players in the prediction market industry, collectively holding 79% market share. Polymarket, crypto-native and globally focused, leads in notional volume ($56.07B) and excels in political and macro markets. Kalshi, CFTC-licensed and US-centric, follows closely ($44.71B) and dominates sports betting, which drives 89% of its revenue. Their competition spans capital raises, marketing, user acquisition, and regulatory strategy. Kalshi leverages traditional channels like Robinhood and TV ads, while Polymarket builds a developer ecosystem and uses crypto-style referral programs. Key challenges remain: Kalshi faces potential competition from its own partners (e.g., Robinhood building its own exchange) and state-level lawsuits. Polymarket, after operating fee-free, has begun charging fees—a critical test for its revenue model. The battle reflects a broader conflict: whether the future of information markets belongs to crypto or traditional finance. Both are expanding into each other’s strengths—Polymarket into US sports, Kalshi into political media integration. The industry is still young, and the ultimate winner is yet to be determined.

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