Crypto Macro News and Global Policy Updates

PANews February 24 News, according to the official announcement from the Sui Foundation, the spot SUI ETF issued by 21Shares (NASDAQ: TSUI) began trading on the NASDAQ on February 24, providing U.S. investors with regulated, high-liquidity direct SUI exposure through existing brokerage accounts. The ETF was recently approved by the U.S. Securities and Exchange Commission.

ChainCatcher reports that according to Gate Market Data, the Dow Jones Industrial Average opened up 164.38 points on February 24th (Tuesday), a 0.34% increase, at 48,968.44 points; the S&P 500 opened down 12.39 points, a 0.18% decrease, at 6,825.36 points; the Nasdaq Composite opened down 67.58 points, a 0.3% decrease, at 22,559.69 points.

Gate News bot message, According to Feb 24 update, Bitcoin ETFs recorded a 1-day net outflow of 3,262 BTC (approximately $205.37M) and a 7-day net outflow of 7,895 BTC (approximately $497.07M). Ethereum ETFs showed a 1-day net outflow of 25,337 ETH (approximately $46.04M) and a 7-day net outflow of

Odaily Planet Daily reports that, according to Gate data, spot gold has fallen below $5,140 per ounce, down 1.68% for the day.

BNP Paribas Asset Management issues tokenized shares of a French-registered money market fund on the Ethereum public blockchain, marking a significant advancement in its tokenization technology. The project is restricted to regulated participants and combines asset management, securities services, and investment banking to ensure compliance with financial regulations and leverage blockchain transparency.

StarkWare CEO Eli Ben-Sasson calls on the crypto ecosystem to proactively deploy post-quantum security upgrades, recommending five steps to address the threat of quantum computing, including enhancing education, organizing resources, consulting experts, and upgrading system protocols.

ChainCatcher message: According to Gate market data, S&P 500 index futures have erased their gains and are now turning downward.

Odaily Planet Daily reports that Bitcoin financial company ProCap Financial, listed on NASDAQ, announced that on February 20th, it repurchased 148,241 common shares on the open market. Additionally, the company disclosed that its current Bitcoin holdings amount to 5,007 coins, valued at approximately $335 million. It also holds $75 million in cash and about $100 million in convertible bonds. (Businesswire)

The Financial Times of the UK quoted sources familiar with the matter as saying that the "Board of Peace," a peace committee led by U.S. President Donald Trump and aimed at promoting post-war reconstruction in the Middle East, is evaluating the creation of a USD stablecoin for the Gaza Strip to serve as a digital transaction tool for local residents, thereby revitalizing the Gaza economy. Since Hamas launched a large-scale attack on Israel in October 2023, the Gaza Strip has been mired in a quagmire of war. The subsequent intense airstrikes and ground military operations by Israel aim to completely dismantle Hamas armed forces, but the prolonged conflict has also caused devastating destruction in Gaza, triggering a severe humanitarian crisis. The Financial Times pointed out that Gaza's current traditional financial system is almost completely paralyzed. Local ATMs are either destroyed by explosions or forced to shut down, coupled with strict measures by Israeli authorities.

Digital asset investment products experienced significant outflows, totaling $288 million, driven mainly by Bitcoin's $215 million withdrawals and cautious investor sentiment, especially in the US, while European markets exhibited more resilience.

BlockBeats News, February 24 — According to DL News, El Salvador is further advancing its Bitcoin experiment through a new public education initiative. The Bitcoin Diploma 2.0, launched by the El Salvador National Bitcoin Office on Sunday, is a "complete reimagining of its educational program." The first batch of teaching materials has been printed and will be used in El Salvador's education system. The program is scheduled for full implementation in public schools by 2026.

An executive at the National Bank of the United Arab Emirates stated that the bank is considering incorporating Bitcoin into its investment process, viewing it as a store of value and "digital gold." They believe Bitcoin's current valuation is more attractive and predict its fair price will approach $100,000. However, due to its high volatility, the allocation will remain limited to pursue portfolio diversification.

The U.S. SEC issues an exemption order for WisdomTree's tokenized money market fund, allowing investors to trade shares intraday at a price of $1 per share, enhancing trading efficiency and settlement experience, marking a flexible operation of tokenized funds under current regulations.

The US Dollar strengthened, reaching 97.810 on the index, while cryptocurrencies fell by 3.06% in market cap, and gold dropped over 1%. Uncertainty in macroeconomic conditions and geopolitical tensions are influencing these trends.

_Trump’s Board of Peace studies stablecoin for Gaza economy rebuilding, with $17 billion pledged and digital infrastructure plans under review._ The Board of Peace is now exploring a new stablecoin to assist the postwar Gaza economy. According to Financial Times, this digital tool assists

The Arizona State Senate advances SB 1649, proposing the establishment of a "Digital Asset Strategic Reserve Fund" managed by the State Treasurer's Office, allowing the state treasurer to invest and lend seized digital assets. The bill has passed multiple committees, explicitly listing Bitcoin and other digital assets as qualified assets and setting a benchmark threshold. The bill emphasizes that it will not increase the state's fiscal risk.

Recently, market risk aversion has increased, the US dollar is strong, long-term government bond yields are rising, and gold has hit new highs. Cryptocurrency assets have declined, with significant net outflows from BTC and ETH, and market sentiment is extremely fearful. Traditional derivatives institutions and mining companies are adjusting their strategies, and market funds are becoming more cautious.

U.S. Customs announced the suspension of illegal tariffs imposed by Trump under the International Emergency Economic Powers Act, but the newly imposed 15% global tariffs will take effect on February 24. The market reaction was lukewarm, and Bitcoin prices declined again. Analysts warn that if the $60,000 support level is broken, further declines may occur. In the short term, a tax refund is unlikely, and the market remains under pressure.

The three major U.S. stock indices mostly rose before the market opened, with the Nasdaq up 0.19%, the Dow Jones up 0.05%, and the S&P 500 up 0.1%. Most of the seven major tech stocks increased, with Apple, Microsoft, and Nvidia all rising, while Tesla slightly declined.