Gate Crypto Flash News and Market Updates

February 24 News, Bitcoin mining hardware manufacturer Canaan announced that it will invest approximately $39.75 million to acquire a 49% stake in Cipher Mining's three Bitcoin mining farm projects in Texas, further expanding its strategic footprint in North American Bitcoin mining infrastructure and energy assets. The deal covers Alborz LLC, Bear LLC, and Chief Mountain LLC (collectively known as the ABC projects). After the transaction is completed, renewable energy infrastructure company WindHQ will still hold a 51% controlling stake.

Japanese Prime Minister Fumio Kishida expressed concerns about further interest rate hikes during a meeting with Bank of Japan Governor Ueda Kazuo last week, which could influence the BOJ's future policy decisions. No specific monetary policy requests were made during the meeting, but market expectations are that the yen's weakness will prompt the BOJ to raise interest rates in March or April.

Gate News Bot Message, February 24th, according to CoinMarketCap data, as of press time, POWER (Power Protocol) is currently trading at $0.55, up 21.32% in the past 24 hours, reaching a high of $0.56 and a low of $0.30. The 24-hour trading volume is $42.1 million. The current market capitalization is approximately $115 million, an increase of $20.2 million compared to yesterday. Recent important news about POWER: 1️⃣ **Revaluation of Energy Infrastructure Value Drives Industry Attention** As global demand for AI computing power surges, the strategic importance of energy and power infrastructure in the digital economy continues to rise. The increasing electricity demand from data centers, mining farms, and other high-energy-consuming facilities has become a market focus, prompting investors to re-evaluate energy-related protocol tokens, which benefits POWER.

bonk.fun founder Tom stated that the misunderstanding about a One Piece token is because it is not issued by bonk, but by a third-party project called Freya. He emphasized that if they had the relevant IP authorization, they would actively promote it, and pointed out that the project bypassed bonk.fun to inject liquidity directly, leading to misunderstandings and losses.

Odaily Planet Daily reports that Bitcoin declined over 19% in February, marking the worst monthly performance since June 2022, due to concerns related to global tariffs. (Cointelegraph)

ChainCatcher News reports that the USD/JPY has risen above 156, with an intraday increase of 0.9%.

Gate News bot message: According to the latest Gate TradFi data, AUDJPY has risen 1% in the short term, with current volatility significantly higher than recent average levels, indicating increased market activity.

February 24 News, the Bitcoin price discovery mechanism is undergoing structural changes, with trading focus gradually shifting towards regulated derivative markets such as the Chicago Mercantile Exchange (CME Group). As institutional participation continues to rise, Bitcoin prices are no longer solely driven by on-chain transactions and retail sentiment, but are increasingly influenced by open interest in futures contracts, institutional hedging needs, and macro risk appetite. Currently, Bitcoin is fluctuating around $63,000, indicating that the market remains in an institutional-led range-bound phase. Industry expert Karl Naim pointed out that traditional hedge funds and asset management firms prefer to allocate Bitcoin exposure through familiar compliant derivative instruments rather than relying on offshore markets with higher counterparty risk. The advancement of 24/7 derivative trading mechanisms is weakening the historical advantage of the crypto-native market’s “7×24 hours liquidity,” enabling institutions to continuously hedge risks and adjust positions, thereby compressing arbitrage opportunities between futures and perpetual contracts.

On February 24, European stock markets are expected to open flat to slightly higher on Tuesday as market participants reassess the potential impact of Trump's latest tariff policies on the global trade system and risk assets. Data shows that the UK FTSE 100 index is expected to open roughly unchanged, Germany's DAX index and France's CAC 40 index are projected to rise about 0.25%, and Italy's FTSE MIB index is close to a 0.3% increase, indicating that markets remain cautiously optimistic amid uncertainty. Earlier on Monday, European regional stock markets generally declined under pressure, mainly in response to investors' quick reaction to Trump's announcement of a 15% uniform tariff on imported goods. This policy is seen as a significant signal of tightening global trade conditions and has heightened concerns about escalating cross-border trade tensions. European officials have publicly expressed concerns and hinted that this move could disrupt the trade cooperation framework between the EU and the US. Subsequently, the European Parliament announced a suspension of the approval process for the US-EU trade agreement reached last summer, further complicating trade prospects.

February 24 News, the U.S. Federal Reserve has officially advanced a regulatory proposal to end the "debanking" of the crypto industry and has opened a 60-day public comment period on related banking regulatory rules. This move is seen as an important signal of a shift in U.S. financial regulatory policy, and the crypto industry generally believes it could weaken the long-standing banking service restrictions that have troubled digital asset companies. According to official statements, the proposed rules aim to remove "reputational risk" as a core basis for banks to review clients from the regulatory framework, instead focusing on "material financial risk." Regulators have previously instructed banking authorities not to require financial institutions to close customer accounts solely based on reputational concerns, which means that legitimate crypto businesses may receive clearer institutional protections when opening bank accounts and accessing financial services.

February 24 News, according to informed sources close to the transactions, Hong Kong-based stablecoin payment company RedotPay is evaluating an initial public offering (IPO) in the United States, with a planned fundraising scale potentially exceeding $1 billion, aiming to list in New York as early as 2026. If successful, the company's valuation could surpass $4 billion, indicating that the capital markets' interest in stablecoin payment infrastructure continues to grow. Sources say RedotPay has already partnered with JPMorgan Chase, Goldman Sachs, and Jefferies to explore key details such as the listing structure, fundraising scale, and valuation range. Currently, these discussions remain confidential, and the final issuance schedule and underwriting team may still be adjusted. It is also possible that more investment banks will participate in the future.

On February 24, on-chain investigator ZachXBT posted on social media that he will release a major investigation into one of the "most profitable companies in the crypto industry" on February 26, predicting that the market will heat up rapidly. Betting volume around the event of "the next crypto company exposed for insider trading" has approached $3 million, and market sentiment has clearly shifted toward high speculation and information warfare. This prediction contract mainly reflects traders' judgments about the potential investigation targets rather than confirmed facts. As a blockchain-based prediction platform, Polymarket allows users to trade contracts on real-world event outcomes with real funds. Its odds are often seen as real-time indicators of market confidence and expected distribution, making it an important tool for observing unresolved events in the crypto industry, especially after the 2024 US elections.

Since Anthropic launched the AI-powered code vulnerability scanning tool Claude Code Security, the stock prices of several major cybersecurity companies have plummeted, with Palo Alto Networks down nearly 9% and CrowdStrike crashing 18%. Competition from the new tool has caused a sharp market reaction.

10x Research points out that Bitcoin options expiration, political uncertainty, and position concentration will influence the price movement around the $60,000 level in the coming days. The market has not accounted for tail event risks; attention should be paid to capital flows and incentive structures to prepare for potential sharp price fluctuations. The report reminds to stay patient and realistic, and to assess whether $60,000 is a reasonable scenario.

Odaily Planet Daily reports that the Korea KOSPI Index closed up 123.55 points on February 24 (Tuesday), a gain of 2.11%, at 5969.64 points. (Jin10)

A 38-year-old Chinese businessman surnamed Wang was kidnapped and killed in Turkey, with the suspects having a debt dispute with him. Wang was kidnapped by 4 suspects while dining with a female friend, who pretended to be uninvolved. Police discovered his body, and the suspects have been arrested, including the woman who was in collusion with them.

On February 24, it was reported that artificial intelligence company Anthropic launched a research preview of the Claude code security tool on February 20. The global cybersecurity sector's sentiment quickly weakened, with many leading American cybersecurity companies experiencing significant stock price declines. The market is concerned that AI automation vulnerability auditing technology will reshape traditional cybersecurity service models, triggering a revaluation of industry competitive dynamics. The tool is based on the Claude Opus 4.6 model and focuses on AI code vulnerability scanning and automatic repair suggestions. According to official sources, Claude can understand code context, track data flow, and identify potential vulnerabilities missed by traditional pattern-matching tools, while also verifying detection results to reduce false positives. Related tests have shown that the model has identified hundreds of high-risk vulnerabilities, highlighting the practical value of AI in the field of code security auditing.

According to BlockBeats, RedotPay, a stablecoin payment company in Hong Kong, is considering a $1 billion IPO in the United States. The company previously completed a Series B funding round of $107 million, with over 6 million existing users, covering more than 100 markets worldwide.