MarketWhisper

GD Culture Group has decided to liquidate its holdings of 7,500 Bitcoins, with a market value of approximately $510 million, to fund a $100 million share buyback program. The market's valuation of the company at an mNAV below 0.5 makes the liquidation buyback a more certain return for shareholders. This move triggered a roughly 15% increase in the stock price.

Yushan Financial Holding Chairman Huang Nanzhou proposed the concept of "Three-Track Finance," emphasizing active participation in stablecoins and virtual asset finance. The company's strategy focuses on cross-border payments, blockchain financial services, and real asset tokenization. The usage rate of stablecoins in Taiwan has reached nearly 10%, indicating increasing demand. Regarding regulation, the central bank and industry stakeholders have differing views on stablecoin governance, and legislation for VASP (Virtual Asset Service Providers) is currently being promoted. The banking industry is taking virtual asset custody services as the first step to further penetrate the market.

The Ethereum Foundation's Strawmap roadmap released in 2026 plans to conduct seven protocol upgrades every six months before 2029, focusing on five core objectives: L1 scalability, post-quantum security, and privacy protection. This plan aims to enhance mainnet performance, improve user experience, and increase security.

NVIDIA's Q4 earnings report shows net profit doubling to $43 billion, surpassing expectations, mainly driven by data center business. Taiwanese trader 0xRay opened a $16.56 million NVIDIA futures long position on Hyperliquid, with a leverage of 6 times. Although the stock price initially rose after the earnings report, it ultimately declined due to Chinese competition and uncertain future outlook. 0xRay's operations have attracted attention, as its contracts do not represent actual stock holdings.

JPMorgan CEO Jamie Dimon warns that the current high-risk lending behaviors in the financial markets are similar to those before the 2008 financial crisis, and points out that rising asset prices and pessimistic expectations will lead to a deterioration of the credit cycle. Bank of America survey reveals that the AI bubble replacing traditional credit risk has become a major market concern, indicating increasing worries about the high debt risks of big tech companies.

The market value of tokenized U.S. Treasury bonds is projected to reach $10.8 billion by 2026, a 50-fold increase over two years, primarily driven by the launch of BlackRock's BUIDL fund. DTCC also plans to introduce tokenization services, indicating that traditional financial institutions are beginning to enter the space and boosting market confidence. Tokenized U.S. Treasuries offer 24-hour liquidity and provide greater flexibility and efficiency compared to traditional bonds.

Mexican billionaire Ricardo Salinas Pliego calls on investors to buy the dip during Bitcoin corrections, emphasizing that Bitcoin is an effective tool against inflation. He has shifted 70% of his investments into Bitcoin, believing in its significant potential for appreciation. Additionally, Kiyosaki has increased his Bitcoin holdings during the downturn, viewing it as an important asset allocation. Both parties mention that market panic is the best buying opportunity, but caution that investments should be carefully assessed for risks.

Trump did not mention cryptocurrencies in his State of the Union address, instead emphasizing artificial intelligence and tariff policies, indicating that the government is deprioritizing cryptocurrencies. Additionally, persistent high inflation and unstable tariff policies pose structural obstacles to the Federal Reserve's interest rate cut plans, creating a negative impact on the crypto market.

Hut 8 reported a net loss of $248 million in 2025, mainly due to unrealized digital asset losses, despite a 45% increase in annual revenue to $235.1 million. The company successfully transitioned into an AI infrastructure developer, signing a $7 billion leasing agreement with Fluidstack, demonstrating long-term growth potential. The stock price still rose over 300% despite the losses.

On February 25th, XRP price rebounded to $1.4335, an increase of 6.27%, driven by the inflow of U.S. cryptocurrency ETF funds, progress in the Market Structure Bill, and positive NVIDIA earnings reports. Analysts predict that if legislation proceeds smoothly, XRP could surge to $2 in the medium term. Market sentiment remains influenced by multiple factors, including the Bank of Japan's policies and overall market liquidity.

NVIDIA reports Q4 FY2026 results, with quarterly revenue reaching a record $68.127 billion, up 73% year-over-year; full-year revenue of $215.938 billion, up 65% year-over-year. Q4 net income was $42.96 billion, an increase of 94%. Looking ahead to Q1 FY2027, revenue is expected to be around $78 billion, indicating the impact excluding Chinese data centers. The Vera Rubin platform will help meet the growing demand for AI computing and strengthen market position.

Pi Network (PI) tokens are currently priced above $0.1600. Recently, due to supply pressure, 32.26 million tokens are set to be unlocked in February and 154 million tokens in March, which may increase selling pressure. Technical analysis indicates that $0.1533 is an important support level; if broken, it could face risks, while a rebound could see prices rise to levels like $0.1749. The actions of holders will influence the actual market impact of the unlocks.

Ethereum co-founder Vitalik Buterin has sold 15,479 out of 16,384 ETH, achieving a completion rate of 94%, totaling approximately $30.94 million. The proceeds will be used for privacy technology, open-source hardware, and security software. Due to the decline in ETH prices and low staking yields, market pressure continues to build.

Tether Investments made a strategic investment in Whop.com on February 25th, aiming to integrate Tether's Wallet Development Kit (WDK) into the Whop platform, enabling its creators and users to make global payments using stablecoins. Whop has 18.4 million users and an annual revenue of approximately $3 billion, with a 25% increase in transaction volume in the latest quarter. This partnership will promote the use of stablecoins in everyday commercial scenarios and support Whop's expansion into the global market.

The predictive market platform Kalshi is strengthening enforcement due to two insider trading cases. A former California gubernatorial candidate was suspended for five years and fined $2,000 for using the campaign platform to place bets; another YouTube editor was suspended for two years and fined $20,000 for abnormal trading. Kalshi is cooperating with the CFTC to enhance regulation, establishing a monitoring and audit committee, and reporting violations.

Mizuho Securities analysts believe that Stripe's acquisition of PayPal and its Venmo app could fill its consumer brand gap and strengthen its payment ecosystem. The report states that Stripe is valued at $159 billion, far exceeding PayPal's market capitalization of approximately $43 billion, making it financially feasible. After the merger, it is expected to enhance the global payments market position and influence in the stablecoin business.

Bitcoin (BTC) rebounded to $68,480 on February 26, with Circle's stock price soaring over 35%, thanks to strong financial reports and growth in USDC circulation. Kalshi disclosed two insider trading cases, imposing heavy penalties on the involved parties. Overall market sentiment has improved, with U.S. stock indices generally rising, indicating a rebound in investor confidence.

BlockFills has suspended all customer deposits and withdrawals, and due to losses of approximately $75 million from its crypto asset lending business, CEO Nicholas Hammer has resigned, with Joseph Perry taking over. Market volatility has led to a decline in collateral value, resulting in irreparable losses and revealing the company's structural weaknesses. The current status of customer funds is unclear, with some customers having completed withdrawals before the freeze.

The International Monetary Fund (IMF) report states that U.S. inflation will not reach the 2% target until early 2027, indicating that high interest rates will persist. The fiscal deficit is projected to remain between 7% and 8% of GDP, warning of rising government debt. The IMF recommends fiscal consolidation instead of tariffs to reduce the deficit, which differs from the Trump administration's strategy. The report shows that room for interest rate cuts is structurally constrained, which also impacts the cryptocurrency market.

Bitcoin rebounded strongly on Wednesday, breaking through $70,000 and ending its decline since October. The market generally associates this rebound with the lawsuit against Jane Street, believing that structural selling pressure may have eased. Major cryptocurrencies all recorded double-digit gains, and market sentiment has significantly improved. Technical analysis shows support at $64,000, and breaking above $71,000 will be a key indicator of the rebound.