News & Insights

Bitcoin rebounds, surpassing the $97Kmark

Bitcoin rebounds, surpassing the $97Kmark

Market Overview

Bitcoin continues its rebound, recently surpassing the $97,000 mark. The ETH/BTC trading pair briefly dipped to 0.023 before swiftly recovering, while SOL/BTC remains low around 0.0017.

For a positive on-chain wealth effect, SOL needs to sustain its rebound. The current focus is on the trends of ETH, which indicate altcoin movements, and SOL, which is related to on-chain wealth effects.

Mainstream Exchange News

Coinbase has added CLANKER to its listing roadmap.

  • Bitget has listed Kaito (KAITO) and PI/USDT perpetual contracts.
  • Binance Alpha has added new projects, including PERRY, SIREN, and BNBXBT, and listed three variants of the memecoin Broccoli: Broccoli (BROCCOLI), CZ’S DOG (Broccoli), and Broccoli (Broccoli).
  • Nate Geraci, president of The ETF Store, tweeted that the US SEC has confirmed receipt of Cboe's 19b-4 document, which seeks approval for staking in the 21Shares Core Ethereum ETF.
  • According to Whale Alert, the USDC Treasury minted 53,694,999 USDC on Ethereum on February 19.
  • Bloomberg reports that Donald Trump has signed an executive order positioning the US as a leader in AI and ending the previous administration's "crusade" against Bitcoin and crypto.
  • Universal Market Access (UMA), Polymarket, and EigenLayer are collaborating on a prediction market oracle.
  • Cross-chain protocol Wormhole has launched the Monad testnet.
  • IP blockchain Story has joined the Coalition for Content Provenance and Authenticity (C2PA) to standardize digital media IP.
  • EigenLayer has redefined AVS (Active Verification Service) as "Autonomous Verifiable Service" to better reflect its potential.
  • The high-performance L1 blockchain Monad testnet is now live.
  • Brazil's CVM has approved the country's first XRP spot ETF, launched by Hashdex—the first of its kind globally.
  • BNB Chain announced Broccoli (Broccoli) as the Meme Liquidity Program Day 1 winner.
  • Ethereum co-founder Vitalik Buterin clarified that "ETH 3.0" does not exist, emphasizing the long-term planning needed between L1 and L2.
  • Forbes reports that Donald Trump is considering a $5,000 refund check plan, funded by savings from Elon Musk's Department of Government Efficiency.
  • Cookie DAO has announced the DeFAI hackathon winners: Appgents OS, Kudo, and Alya.
  • Web3 infrastructure platform Caldera Foundation has launched its native token ERA, with a retrospective airdrop planned for later this year.
  • At Consensus Hong Kong 2025, WLFI co-founder Zak Folkman said the project's goal is to connect traditional institutions with DeFi, with related services rolling out soon.

Funding News

  • Fluent Labs, a hybrid execution network developer, raised $8 million in a round led by Polychain Capital.
  • Universal, a cross-chain asset wrapping protocol, secured $9 million in funding led by a16z.
  • Chinese AI startup DeepSeek is considering outside funding for the first time.
  • Modular yield layer Cygnus raised $20 million in a pre-seed round with participation from Manifold Trading.

IV. Regulatory News

  • The "Bitcoin Strategic Reserve" bill in Montana has passed committee review and moves to a House vote.
  • The Hong Kong SFC released the "ASPIRe" roadmap, covering new OTC virtual asset trading and custody regulations.
  • Nigeria has sued Binance for $81.5 billion in damages and back taxes.

SCOT: Token Movement

  • Scotcoin, a Community Interest Company in Scotland, initially focused on aiding those in need.
  • After its Uniswap launch on February 13, its value surged 15x in one day.

CLANKER: Token Launch Platform

  • Operating on Farcaster within the Base network, Clanker has accrued $20M in fees since November 2024.
  • Daily trading volume exceeded $37M on February 18-19, with a market cap of $68.73M.

ANON: DeFi + AI Concept

  • HeyAnon is an AI-driven DeFi protocol simplifying DeFi interactions with conversational AI and real-time data aggregation.
  • Market cap: $98.75M.

WEPE: PEPE Concept

  • WEPE, a Wall Street-themed PEPE memecoin, raised $70M in a presale.
  • Stakers earn additional rewards, but it's not listed on major exchanges.
  • Market cap: $30M.

SHADOW: Sonic Ecosystem Project

  • A decentralized exchange on Sonic with the ve(3,3)-inspired x(3,3) model.
  • $83.4M in total value locked, $800M+ in monthly trading volume.
  • Market cap: $29.75M.

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.

Please note that this article includes references to third-party websites and data provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

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