1. Popular cryptocurrencies on CEXs
Top 10 CEX trading volumes and their 24-hour price changes:
- BTC: +1.24%
- ETH: +1.39%
- SOL: +1.35%
- BNB: +0.67%
- WLFI: -1.37%
- DOGE: +2.21%
- Binance Life: -2.31%
- MDT: +2.34%
- SENT: -3.85%
- UTK: -2.63%
24-hour gainers list (data source: OKX):
- ZAMA: +8.97%
- KAIA: +7.96%
- MERL: +7.64%
- ASP: +6.58%
- STX: +5.83%
- SOPH: +4.51%
- SSV: +4.49%
- XAUT: +4.29%
- RESOLV: +4.13%
- PAXG: +4.09%
24-hour cryptocurrency stock gainers list (data source: msx.com ):
- SNDK: +18.27%
- WDC: +8.61%
- GME: +8.46%
- SOXL: +8.16%
- PLTR: +7.79%
- STX: +7.46%
- MU: +6.41%
- INTC: +6.04%
- AMD: +5.92%
- COHR: +5.37%
2. Popular on-chain memes (data source: GMGN ):
- ELON
- BARRON
- ELON MUSK
- CCT
- stars
Headlines
Federal Reserve's Bostic: One or two rate cuts might be enough to reach a neutral level
Federal Reserve's Bostic: Current policy is not highly restrictive, and perhaps one or two rate cuts would be enough to reach a neutral level. I previously expected no rate cuts in 2026.
The dispute between Trump and Powell became a stumbling block to Warsh's inauguration.
Analysts point out that Trump may have to abandon his punitive measures against Powell before the new Federal Reserve chairman begins pushing for interest rate cuts. Trump's criminal charges against Powell have angered some of his allies in Congress and prompted a key Republican senator, Tillis, to vow to block all Fed nominations until the investigation is complete. Tillis remains firm on his position. Meanwhile, Trump has not backed down, even stating he is willing to wait until Tillis retires in January 2027 before allowing Warsh to be confirmed by the Senate.
Trump: Working with House Speaker Johnson to push through appropriations bill
Trump tweeted, "I am working with House Speaker Johnson to get the funding agreement that passed the Senate last week through the House and onto my desk, where I will immediately sign it into law! We must get the government running again, and I want all Republicans and Democrats to join me in supporting this bill and getting it to my desk as quickly as possible. There can be no delays. There can be no changes now. We will work together in good faith to address the issues raised, but there cannot be another long, pointless, and destructive shutdown that would severely damage our country—a shutdown that would not benefit Republicans or Democrats alike. I hope everyone will vote in favor."
Enterprise-grade Bitcoin and Ethereum treasuries are facing significant paper losses due to the crypto market downturn. BitMine, the company with the largest ETH holdings, currently has a paper loss of $6.95 billion, with an average holding price of $3,883, while the current ETH price has fallen to $2,240. Additionally, SharpLink Gaming faces a paper loss of $1.09 billion.
Due to market pressure, some institutions have begun to reduce their holdings. Trend Research (0x4a2...b82) sold a total of 53,589 ETH today to repay debts, worth approximately $123 million. Although the institution still holds 618,000 ETH, it has incurred a paper loss of over $534 million. Trend Research founder Jack Yi stated that his earlier bullish decision, believing ETH was undervalued when it was at $3,000, was a mistake. Meanwhile, Nansen data shows that Smart Money addresses bought $38.3 million worth of ETH against the market trend over the past week.
UBS has increased its stake in Strategy to $805 million.
UBS Group disclosed that it has increased its holdings in Bitcoin treasury company Strategy (MSTR) by 3.23 million shares, bringing its total holdings to 5.76 million shares, worth $805 million.
Justin Sun: Plans to increase his Bitcoin holdings by $50 million to $100 million.
Justin Sun, founder of Tron, revealed to the media that he plans to add $50 million to $100 million worth of Bitcoin to his holdings on the blockchain. This purchase comes as Bitcoin's price once fell to $74,674, a cumulative drop of 21% since January 15th.
Industry News
GameStop may be exiting the Bitcoin market in favor of a major acquisition in the consumer sector.
GameStop CEO Ryan Cohen stated that the company is planning a high-risk, high-impact acquisition of a “very, very large” publicly traded consumer company, which may indicate that GameStop will gradually exit the Bitcoin portfolio.
In an interview with CNBC, Ryan Cohen stated that the acquisition is "transformative," potentially not only pushing GameStop's valuation to hundreds of billions of dollars but also having a profound impact on capital markets. He indicated that potential targets should have undervalued stock prices, solid fundamentals, and "a lack of ambitious management," and plan to improve GameStop's efficiency through its capital, governance, and operational capabilities.
Reports indicate that on-chain data last week showed GameStop transferred all 4,710 of its Bitcoin holdings to Coinbase Prime, sparking speculation that it might be selling Bitcoin to raise funds for a merger. Ryan Cohen did not directly address whether he would liquidate his Bitcoin holdings, only stating that his new strategy is "more attractive than Bitcoin." The news drove GME's stock price up more than 8% on Monday, bringing its year-to-date gain to approximately 25%.
Shenyu: When Bitcoin falls to $75,000, the 23.3W/T mining rig will reach its shutdown price.
DiscusFish, co-founder of Cobo & F2pool, posted on the X platform that Bitcoin has fallen nearly 15% this week. When the price of Bitcoin reaches $75,000, a single mining rig with a power of 23.3W/T will reach the break-even point (i.e., the shutdown price).
WSJ: Chicago Board Options Exchange plans to relaunch binary options to enter the prediction market.
The Chicago Board Options Exchange (Cboe) is in early discussions with retail brokers and market makers to relaunch binary options contracts, aiming to compete with the rapidly growing prediction market. Kalshi and Polymarket saw record monthly trading volumes of $17 billion in January. Cboe, which launched the product in 2008 but subsequently discontinued it, is now seeking to reposition it through a compliant design as a starting point for retail investors entering the options market. The plan will be subject to regulation by either the SEC or the CFTC.
US President Kevin Warsh has nominated the new Federal Reserve Chairman. Kraken Global Economist Thomas Perfumo commented that this nomination implies overall market liquidity is expected to stabilize rather than expand significantly, maintaining a complex macroeconomic backdrop for Bitcoin and cryptocurrencies. Coin Bureau co-founder Nic Puckrin believes that concerns about a future low-liquidity environment, stemming from Warsh's advocacy for reducing the Fed's balance sheet, have led to declines in the cryptocurrency, stock, and precious metals markets. Currently, CME Group data shows that 85% of market participants expect interest rates to remain unchanged at the March 18th meeting.
Project News
Sky announced on the X platform that Sky Protocol (MakerDao) used 8.5 million USDS to buy back 130 million SKY tokens in January. Since the plan was launched in February 2025, the total amount of USDS used for buybacks has exceeded 106 million USDS.
Optimism will transfer 6400 ETH today for liquidity staking.
Optimism Governance announced that it will transfer 6,400 ETH between wallets later today to enable liquid staking of Optimism Collective treasury assets.
According to the previously released Liquid Staking RFP, Optimism plans to allocate 40% (approximately 6,400 ETH) of its approximately 21,500 ETH treasury assets to the OP mainnet's liquidity staking protocol, while the remaining 60% will be used for native staking on the Ethereum mainnet.
CrossCurve announced on the X platform that the vulnerability exploit affecting its EYWA token has been contained. Hackers extracted EYWA from a cross-chain bridge on the Ethereum network, but were unable to use these tokens because the only available deposit channel on Ethereum is XT.com Exchange, which is currently frozen. Users' EYWA and all tokens on the Arbitrum network are safe. To further ensure security, the project team is in contact with KuCoin, Gate.io, MEXC, BingX, and BitMart Exchange to ensure the hackers cannot sell or use the stolen tokens. The stolen EYWA tokens will not be allowed into circulation. The team is conducting a full investigation into the incident.
Market news: Hyperliquid is testing its native prediction market on its testnet.
Hyperliquid is testing a native prediction market on its testnet.
According to Dune data, despite the sharp drop in crypto prices last weekend, prediction market trading remained active, with weekly transaction volume reaching a new all-time high of 26.39 million. Polymarket led the way with 13.34 million transactions, followed by Kalshi with 11.88 million and Opinion with 379,300 transactions.
In addition, weekly trading volume in forecast markets is also high. Polymarket had a trading volume of $2 billion last week, a weekly increase of 18.4%, ranking first; Kalshi had a trading volume of $1.4 billion last week, a weekly increase of 8.5%, ranking second.
Regulatory Trends
New York Attorney General criticizes GENIUS stablecoin bill: insufficient consumer protection
New York Attorney General Letitia James and four state attorneys general recently wrote to several Democratic lawmakers criticizing the GENIUS Stablecoin Act, signed into law by Trump last year, for major flaws in consumer protection, particularly its failure to require stablecoin issuers to return stolen funds in the event of theft.
The letter specifically names Tether (USDT) and Circle (USDC), arguing that the two stablecoin issuers can still generate interest income on the stolen assets, while victims lack effective recourse. New York prosecutors point out that while the bill grants stablecoins greater "legitimacy," it fails to simultaneously strengthen key regulatory requirements such as counter-terrorism financing, anti-money laundering, and prevention of crypto fraud.
The GENIUS Act is currently entering its implementation phase, requiring stablecoins to be fully backed by US dollars or highly liquid assets and to undergo annual audits for issuers with a market capitalization exceeding $50 billion. However, New York prosecutors believe these measures are insufficient to address the widespread use of stablecoins in illicit financial transactions.
According to Chainalysis data, approximately 84% of illicit crypto transactions in 2025 involved stablecoins, prompting New York to call for further strengthening of the regulatory framework to better protect consumer rights.
South Korean regulators introduce AI algorithms to monitor cryptocurrency market manipulation.
South Korea's Financial Supervisory Service has upgraded its virtual asset trading analysis intelligence system, VISTA, and introduced an automated detection algorithm to combat improper crypto trading. The algorithm uses a sliding window grid search technique to automatically identify potential price manipulation periods, reducing reliance on manual investigations. Performance tests show that the system has successfully detected all known manipulation periods and previously difficult-to-detect anomalies. The Financial Supervisory Service has allocated 170 million won (approximately US$116,000) for AI performance upgrades in 2026. Future plans include automatically identifying networks of coordinated trading accounts, analyzing abnormal transaction texts for thousands of crypto assets, and tracing the source of manipulated funds.
Hong Kong Monetary Authority: Plans to issue the first batch of stablecoin issuer licenses in March.
Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), stated at a Legislative Council meeting on Monday that the HKMA plans to issue the first batch of stablecoin issuer licenses in March, with a very limited initial number. The HKMA has received 36 applications so far, and the approval process is nearing completion. The review focuses on risk management, anti-money laundering controls, reserve asset quality, and application scenarios. Licensed issuers must comply with local regulations governing cross-border activities, and mutual recognition arrangements with other jurisdictions may be explored in the future.
Character voices
Galaxy Digital: Bitcoin may test the 200-week moving average of $58,000 in the coming months.
Alex Thorn, Head of Research at Galaxy Digital, pointed out that Bitcoin's recent performance has clearly weakened. Between January 28th and January 31st, Bitcoin fell by approximately 15%, with a single-day drop of 10% on January 31st, triggering over $2 billion in long contract liquidations. During this period, the price bottomed out at approximately $75,600, falling below the average cost price of approximately $84,000 for the US Bitcoin ETF and approaching the annual low of approximately $74,400 formed in April 2025. Currently, approximately 46% of the Bitcoin supply is at a loss.
Analysts believe that Bitcoin may further decline to the bottom of the supply gap around $70,000, and even test the 200-week moving average of around $58,000 and the realized price of around $56,000 in the coming weeks or months. These ranges historically correspond to cyclical bottoms and have provided important reference levels for long-term investors.
Furthermore, the report points out that although profit-taking by long-term holders has slowed, the market has not yet observed large-scale accumulation by whales or long-term holders. Meanwhile, Bitcoin's recent failure to rise in tandem with traditional safe-haven assets such as gold and silver has weakened its narrative of "hedging against currency devaluation." Analysts believe that the market may still face downward pressure in the short term, but long-term funds should pay attention to changes in key support levels.
CZ responds to multiple FUD issues: The Polymarket incident was faked; Binance did not sell Bitcoin.
CZ recently responded to several market rumors circulating recently, stating that many of them are "FUD with overly rich imaginations".
Regarding the claim of a $7 million betting event on Polymarket, CZ stated that the event did not occur on Polymarket or any prediction market, and the related trading volume was false information.
Regarding the rumors that "CZ canceled the supercycle," CZ clarified that he only stated that his "confidence has decreased compared to before," and did not make a decisive judgment on the market cycle.
Regarding the claim that "Binance sold $1 billion worth of Bitcoin," CZ pointed out that the actual situation was that Binance users were selling Bitcoin, not Binance itself; changes in Binance wallet balances only occurred when users withdrew funds.
In addition, regarding the question of why there was no obvious on-chain movement after the SAFU fund was converted to BTC, CZ said that Binance had previously stated that it would gradually complete the relevant operations within 30 days, and that the scale of the transaction had a limited impact relative to Bitcoin's market value of approximately $1.7 trillion, and was more of a confidence-building measure.
CZ concluded by stating that he will continue to focus on building and advancing the relevant work.
Opinion: BTC whale are accumulating positions, while retail investors continue to exit.
According to Glassnode monitoring, whale holding more than 10,000 BTC are currently the only group in the process of accumulating BTC. Since Bitcoin fell to $80,000 at the end of November, this group has maintained a neutral to positive balance growth trend.
Meanwhile, the number of entities holding more than 1,000 BTC has increased from 1,207 in October to 1,303. In contrast, all smaller holder groups, especially retail investors holding less than 10 BTC, have been consistently selling over the past month. Bitcoin is currently trading at approximately $78,000.
Bernstein analysts predict that the crypto market is currently in a short-term bear market cycle, but a reversal is expected in the first half of 2026. Bitcoin is expected to bottom out at the $60,000 level, the high point of the previous cycle, before establishing a higher price floor. Bernstein points out that the past two years have been an institutional cycle for Bitcoin, with spot Bitcoin ETF assets under management growing to approximately $165 billion. Despite recent market corrections, institutional participation has remained resilient, and there has been no mining leverage collapse as seen in previous cycles. Furthermore, the establishment of a US strategic Bitcoin reserve and potential changes in the leadership of the Federal Reserve could lead to Bitcoin being viewed as a sovereign or reserve asset. Bernstein believes that the current weakness is a late-cycle correction rather than a prolonged winter, and the reversal in 2026 will lay the foundation for Bitcoin's most influential cycle.
