JUST IN: 🟠 $635m leveraged Bitcoin positions liquidated in just 24 hours.

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🗞 February 25, 2025 cryptocurrency news highlights

【Cryptocurrency】
BTC fell below $91,400, and now reported $91388.01, with a 24-hour decline of 5.1%, and the market fluctuates greatly 💰

The United States Department of Justice begins an investigation into the cryptocurrency case $ LIBRA , following the complaint filed against Argentine President Javier Milei

【Economy】
🇺🇸 Representatives in Ohio introduce bill that would remove state taxes on Bitcoin payments

【Indicators】
💸 The market shows that BTC has broken through $95,000, and now it is reported at $9,9013.5. The 24-hour decline narrowed to 0.38%, and the market fluctuates greatly

【More】
$635m leveraged Bitcoin positions liquidated in just 24 hours.

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The U.S. SEC abandoned the investigation of Uniswap Labs

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The market shows that BTC broke through $88,000, and is now reported at $88,004.59, with a 24-hour decline of 6.39% 🪙

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Mirana Ventures has deposited $600 million in ETH to Bybit in the past three days, becoming the largest ETH depositor after the Bybit hacking incident 🔹

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Robinhood CEO: The Trump administration may pass stablecoin legislation this year 🫠

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Bybit has officially registered with Indian authorities, restoring all services for existing users as of February 25, including the ability to open new trades and access all products.

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Spot Bitcoin ETFs saw record outflows on February 26, 2025, with nearly $940m exiting as Bitcoin plunged below $88,000, its lowest since November 2024.

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OKX, the world's third-largest crypto exchange, released its 28th consecutive Proof of Reserves (PoR) report, showing $28.1bn in reserve assets as of February 25, 2025—up 59% year-over-year.

⚫️ 128k BTC: +1.59% from its last PoR on January 10, 2025
⚫️ 1.7m ETH: -4.44%
⚫️ 8.54bn USDT: +9.86%
⚫ 1.3bn USDC: +11.52%

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Ark Invest bought $8.7 million worth of COIN stock this Tuesday and sold an equivalent amount of Bitcoin spot ETF.

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GMGN will undergo a database upgrade tomorrow at 10:30 AM, with an expected downtime of 10 minutes.

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🗞 February 26, 2025 cryptocurrency news highlights

【Cryptocurrency】
OKX, the world's third-largest crypto exchange, released its 28th consecutive Proof of Reserves (PoR) report, showing $28.1bn in reserve assets as of February 25, 2025—up 59% year-over-year.

【Economy】
Bybit has officially registered with Indian authorities, restoring all services for existing users as of February 25, including the ability to open new trades and access all products.

Robinhood CEO: The Trump administration may pass stablecoin legislation this year 🫠

【Indicators】
Ark Invest bought $8.7 million worth of COIN stock this Tuesday and sold an equivalent amount of Bitcoin spot ETF.

【More】
GMGN will undergo a database upgrade tomorrow at 10:30 AM, with an expected downtime of 10 minutes.

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The market shows that BTC has fallen below $83,000, and now it is reported at $82,931.98, with a 24-hour decline of 5.62% 📉

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U.S. Treasury Secretary Scott Bessent named Galaxy Digital regulatory counsel Tyler Williams to advise on digital assets and blockchain technology policy

Williams currently serves as head of Regulatory and Legislative Affairs & Regulatory Counsel at Galaxy Digital and also lectures part-time at The George Washington University Law School.

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SEC, Justin Sun, Tron Ask Court to Pause Fraud Case Over 'Potential Resolution'

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Over $760m was liquidated in the past 24 hours, including $610m in long positions, as Bitcoin saw significant volatility, falling from $89,000 to as low as $82,000 before recovering at $85,000.

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FTX’s bankruptcy is the costliest crypto-related case and rivals some of the largest financial collapses in history, though still far from Lehman Brothers’ $6bn bankruptcy cost.

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Binance has supported the Sui network's USDC, and the APR for the SUI/USDC pool on Turbos Finance is currently reported at 260%.

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