Daily Crypto News

February 24 News, as the United States advances its stablecoin regulatory framework, the "Genius Act" is being viewed by the market as a key policy to reshape the stablecoin industry landscape. Analysts point out that under the push of this act, the stablecoin-related revenue of the United States' largest compliant CEX is expected to grow by 2 to 7 times, and some institutions interpret this as a potential long-term "tenfold" growth logic, making it one of the important narratives in the crypto market by 2026. The act was signed by Trump, with the core goal of establishing a clear compliance system for U.S. stablecoins, including requirements for issuers to hold high-quality liquid assets such as U.S. Treasury bonds in a 1:1 ratio as reserves, and strengthening anti-money laundering and regulatory transparency. This institutional design will significantly reduce compliance uncertainties for stablecoins, increase institutional funding willingness, and promote the expansion of regulated stablecoins in payments, settlements, and on-chain finance.

Gate News Bot Message, February 24th, according to CoinMarketCap data, as of press time, TRIA (Tria) is trading at $0.02, up 17.95% in the past 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $39.4 million, an increase of $6 million compared to yesterday. Tria is a global cryptocurrency lifestyle platform offering an integrated Tria Card, earning rewards, leverage trading, and cross-chain exchanges. Users can spend with the Tria Card at over 1.3 million merchants in more than 150 countries, support recharge with over 1,000 tokens without custody, and earn rebates. The platform uses BestPath AVS technology to provide optimized transaction routing, helping users get the best

CoinDesk's latest report shows that Gate ranked third in the global centralized exchange spot market and fourth in the derivatives market in January 2023, with a spot trading volume of $74.4 billion, an increase of 11.1%. Gate ranks among the top three retail exchanges in open interest contracts and has launched GateAI to enable natural language trading functions, enhancing user experience.

Gate News Bot Message, February 24th, according to CoinMarketCap data, LUNA (Terra) is currently trading at $0.06, up 6.08% in the past 24 hours, reaching a high of $0.07 and a low of $0.06. The 24-hour trading volume is $19.6 million. The current market cap is approximately $45.4 million, an increase of $2.6 million from yesterday.

Terraform Labs bankruptcy trustee sues Wall Street quantitative trading firm Jane Street, accusing it of using insider information to sell 85 million UST before the UST depeg, becoming a key player in the incident. Jane Street responded to the allegations as "baseless" and blamed Terraform's management failures. This case reflects that the aftermath of the Terra collapse is still ongoing and will further trigger legal battles.

Gate News Bot message, according to CoinMarketCap data, as of press time, MET (Meteora) is currently priced at $0.17, down 15.59% in the past 24 hours, with a high of $0.23 and a low of $0.17. The 24-hour trading volume reached $25.9 million. The current market capitalization is approximately $83.2 million, a decrease of about $15.36 million compared to yesterday.

Empery Digital's major shareholder Tice P. Brown rejected the management's share buyback proposal, accusing it of being aimed at consolidating the CEO's position rather than protecting shareholders' interests. He demanded that CEO Ryan Lane resign and sell the company's Bitcoin assets to return funds to shareholders. The company currently holds approximately 4,081 Bitcoins, valued at about $258 million.

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)

White House Digital Asset Advisor Patrick Vitter outlined a compromise draft of the bill to representatives from the cryptocurrency industry and banking sector. The core provision bans companies from earning yields on idle stablecoin balances, shifting the discussion toward activity-based reward mechanisms linked to transactions or network participation. Data from the Polymarket prediction platform shows that the probability of the bill passing this year has dropped to 44% at one point.

The USD stablecoin USD1 of the cryptocurrency project World Liberty Financial supported by the Trump family was subjected to an organized attack on . The price once dropped to $0.9942. The attackers hacked into multiple founders' accounts and spread rumors, attempting to profit from it. However, officials emphasized that the stability mechanism and asset reserves of USD1 remain intact, and the coin price has stabilized back to the $1 level. This incident highlights the security and market trustworthiness of the currency.

Onchain investigator ZachXBT announced a major investigation regarding insider trading within a crypto company, set to be revealed on February 26. Market speculation centers around the Meteora protocol on Solana, currently deemed the highest suspect.

Gate News Bot Message, February 24 — According to CoinMarketCap data, as of press time, DEXE (DeXe) is trading at $2.97, up 12.73% in the past 24 hours. The price reached a high of $3.02 and a low of $2.11. The 24-hour trading volume is $20.1 million. The current market capitalization is approximately $249 million, an increase of $2.81 million from yesterday. DeXe Protocol is an advanced Web3 governance solution that provides users with innovative infrastructure for creating and managing DAOs. The protocol consolidates over 50 smart contracts, including DAO contracts, governance contracts, treasury contracts, launchpad contracts, delegation contracts, and councilor contracts, enabling developers to build sophisticated Web3 products across multiple blockchains.

On February 24, news reports indicate that the crypto market came under pressure due to the intensification of the "Artificial Intelligence Panic Trading" and worsening macro risk sentiment. Ethereum, Solana, and Ripple experienced continued declines, with major cryptocurrencies generally recording an 8% to 11% correction over the week. Bitcoin briefly dropped to approximately $62,900, down about 2.1% for the day, with a weekly decline of 7.5%. Its price remains confined within the $60,000 to $70,000 range established after the early February surge, and the market is more inclined to view this as a consolidation zone rather than a clear bottom. Altcoins performed significantly weaker than Bitcoin. Ethereum's price fell to around $1,829, with a weekly decline of about 8%; XRP dropped over 10%, SOL declined more than 11%, and Dogecoin approached a double-digit correction. Mainstream altcoins weakened in tandem, reflecting a decline in market risk appetite, with insufficient buying interest outside of Bitcoin and more cautious capital allocation.

Gate News Bot Message, February 24th, according to CoinMarketCap data, as of press time, SKR (Seeker) is currently trading at $0.03, up 58.23% in the past 24 hours, with a high of $0.03 and a low of $0.02. The 24-hour trading volume reached $27.9 million. The current market capitalization is approximately $149 million, an increase of $54.9 million from yesterday. SKR is the native asset of the Solana Mobile ecosystem, serving as the Seeker Genesis Token, providing users with access to the Solana Mobile ecosystem. Seeker is a defining mobile device designed specifically for the evolution of Web3 mobile, equipped with the Seed Vault Wallet's built-in hardware security features.

According to SoSoValue data, on February 23, Bitcoin spot ETFs experienced a total net outflow of $204 million, VanEck ETF HODL had a single-day net inflow of $6.3535 million, and BlackRock ETF IBIT had a net outflow of $116 million. The current total net asset value of Bitcoin spot ETFs is $80.738 billion, with a cumulative net inflow of $53.809 billion.

Gate News Bot Message, February 24th, according to CoinMarketCap data, as of press time, ZAMA (Zama) is currently trading at $0.02, up 10.26% in the past 24 hours, with a high of $0.03 and a low of $0.02. The 24-hour trading volume reached $41.6 million. The current market capitalization is approximately $50.4 million, an increase of $4.68 million compared to yesterday. Zama is an open-source cryptographic protocol that enables the construction of confidential smart contracts on any L1 or L2 using Fully Homomorphic Encryption (FHE) technology. The Zama Protocol ensures that on-chain data remains encrypted at all times, even during processing, while also guaranteeing publicly verifiable results. The protocol uses co-processors to offload FHE computations from the base chain, maintaining low gas fees.

Gate News Bot Message, February 24th, according to CoinMarketCap data, as of press time, SXT (Space and Time) is currently trading at $0.02, up 16.51% in the past 24 hours, with a high of $0.02 and a low of $0.02. The current market capitalization is approximately $33.4 million, an increase of $4.74 million from yesterday. Space and Time is a data blockchain dedicated to providing secure data support for on-chain finance. As a decentralized alternative, Space and Time combines blockchain indexing, secure off-chain data, and zero-knowledge proofs to achieve verification within a single system. The platform offers features such as self-service blockchain indexing, verifiable off-chain databases, and smart contract zero-knowledge proof queries, serving DeFi, stablecoins, tokenization,

The DeFi platform Step Finance based on the Solana blockchain announced on February 24, 2026, that it will cease all operations immediately. The shutdown was caused by a security breach in the treasury on January 31, which resulted in approximately 261,854 SOL (worth about $29 million) being stolen. After evaluating all financing and acquisition options, the company was unable to find a viable solution.