The global crypto market cap increased 0.80% over the past day to $2.92tn, while the total crypto market 24h volume remained almost unchanged at $164.25bn. Bitcoin is down 1.56% in the past 24h and currently trades at $88,400 with a 24h volume of over $70bn, which marks a 18.58% increase. Conversely, ETH is 3.28% higher for the day, trading at $2,460 with a 24h volume of $27.17bn, which is 22.19% lower than a day ago.
Crypto liquidations came in at $553.92m in the past 24h with over 69% of them long positions, and over 48% of them BTC long positions amounting to $268m.
US crypto ETFs recorded yet another day of outflows on Feb 25. For BTC spot ETFs, this marks not only the sixth consecutive day of outflows and the largest single-day outflow to date at $937.7m—exceeding the total outflows recorded during the first three weeks of February. Data from UK-based asset manager Farside Investors shows that spot Bitcoin ETF outflows reached $928.9 million over the first 3 weeks of February. Meanwhile, ETH ETF outflows were slightly lower than the previous day's, totaling $50.1m versus the $78m net outflows recorded on Feb 24.
According to 10x Research, while Bitcoin ETFs have seen $38.6 billion in net inflows as of Feb 23, 2025 since their launch in Jan 2024, only $17.5 billion (44%) appears to be genuine long-term investments. The remaining 56% is likely driven by arbitrage strategies, where inflows are offset by short positions in Bitcoin futures.
The US SEC has dropped its case against Uniswap Labs, which had been under investigation for allegedly operating as an unregistered securities broker and exchange. The probe began in 2021 and escalated in April 2024 when Uniswap received a Wells Notice under former SEC Chair Gary Gensler. The SEC’s Enforcement Division has now closed the case without pursuing action. As of today, the SEC has dropped its enforcement cases against Coinbase, Robinhood, OpenSea and Uniswap. With the SEC and Binance pausing litigation for 60 days on Feb 12, there is speculation that other cases, such as those against Kraken, Consensys, Bittrex, Gemini, and Ripple, could also be reconsidered.
Strategy (MSTR) declined 12% earlier today and traded below $250 for the first time since Nov 6, 2024. The stock is down over -54% from its all time high which it reached on Nov 20, 2024 at the price of $543.
According to pseudonymous crypto analyst HODL15Capital, corporate Bitcoin treasury increased by 20,569 BTC last week, bringing the top 70 companies' total holdings to 656,762 BTC.
Oklahoma’s Strategic Bitcoin Reserve Act (HB 1203) has passed the House committee and will now move to a vote on the House floor. The bill permits the state to allocate up to 10% of its public funds into Bitcoin or any digital asset with a market capitalization exceeding $500 billion.
According to Whale Alert, 167.27m USDT were transferred from an unknown wallet to Bybit.
Kaspersky, a Russian multinational cybersecurity and anti-virus provider headquartered in Moscow reported that their Global Research & Analysis Team (GReAT) uncovered GitVenom—a stealthy, multi-stage malware campaign exploiting open-source code on Github by creating fake projects. Infected repositories targeted gamers and crypto investors, hijacking wallets and siphoning $485,000 in Bitcoin.
