Editor: Cora, Techub News
TinTinLand
Greed Index: 16 (Extreme Greed)
Bitcoin Price: $67,084
BTC/ETH Spot ETF Fund Flow (2.26)
BTC Net Inflow: $30.12 M
ETH Net Inflow: $12.68 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (2.26)
BTC Net Subscriptions: 4.92 BTC
ETH Net Subscriptions/Redemptions: 0 ETH
Former President of the Hong Kong Monetary Authority Ren Zhigang stated on the program "One Word is Worth a Thousand Gold" that Hong Kong, as an offshore RMB business hub, should actively promote dual currency stock trading (priced in HKD and RMB) to accelerate the internationalization of RMB. He also suggested establishing a special fund to expand the scale of RMB capital pool utilization, enhancing Hong Kong's liquidity and attractiveness in the offshore RMB market.
Coolpad Group Limited from Hong Kong has, on February 25, 2026 Hong Kong time, acquired a total of 39,000 shares of MSTR through its wholly-owned subsidiary Digital Tech in on-market transactions, valued at approximately $4.98 million. This acquisition aligns with the company's investment plan adopted in mid-February 2026, which allows the group to acquire up to $5 million (approximately 39.05 million HKD) of U.S.-listed securities or ETFs related to the crypto asset industry through on-market transactions.
Regulation/Macroeconomics
Wang Bin, Chief of the Third Criminal Division of the Supreme People's Court, stated that the next focus of the court will be on the primary members and key members of telecommunications network fraud criminal groups, the "financial backers" of telecom fraud, the "snakeheads" organizing smuggling, organizations providing armed shelter for cross-border fraud, and violent crimes such as intentional homicide, intentional injury, and kidnapping during fraud. At the same time, it will focus on combating money laundering and related crimes using virtual currency and underground banking.
The Indiana HB 1042 bill in the United States has been passed by both houses and will be submitted to the governor for signing. The bill allows public investment funds to get involved in the digital currency sector, including investing in crypto ETFs. The bill defines "cryptocurrency" as virtual currency not issued by a central authority, using cryptographic technology for unit verification and fraud prevention, covering the 529 education savings plan, retirement funds for teachers and civil servants, and other state investment funds. The bill will take effect on July 1, 2026.
The National Computer Virus Emergency Handling Center released a report stating that from 2022 to 2025, the U.S. has seized virtual currency assets worth over $30 billion through various cases. Among them, the Chen Zhi case accounted for about $15 billion (50%), Binance and Zhao Changpeng case recovered and fined $4.35 billion, and Garantex was targeted for allegedly evading sanctions. The U.S. has implemented asset seizures using blockchain technology control, on-chain traceability advantages, stablecoin legislation, and long-arm jurisdiction, incorporating virtual assets such as Bitcoin into national strategic reserve tools.
South African Finance Minister Enoch Godongwana announced that the government will publish a draft regulation to incorporate cryptocurrencies into the capital flow management system under the Currency and Exchange Act. This initiative aims to improve cross-border capital regulation and complement existing anti-money laundering and anti-fraud regulations. Previously, the Pretoria High Court ruled that cryptocurrencies do not fall under the legal definition of "money," and current foreign exchange control rules do not apply to cryptocurrencies, urging the government to legislate reform. Although the South African Reserve Bank (SARB) has appealed the ruling, insisting that cryptocurrencies should be regarded as money in management functions, the current regulatory focus has shifted to establishing clear administrative responsibilities and cross-border transaction reporting requirements. This reform will eliminate the legal ambiguity surrounding cryptocurrencies in forex control, providing a clear basis for South African residents to participate in the global cryptocurrency market.
A lawmaker from South Korea's ruling party proposed amendments to the Capital Markets Act and the Virtual Asset User Protection Act, mandating that opinion leaders (KOLs) who provide investment advice on cryptocurrencies and other assets disclose personal asset information and any compensation received during cryptocurrency promotion. The proposal requires influencers to disclose the types and amounts of assets related to their recommended crypto assets and financial products, with specific details to be regulated by presidential decree. Violators will face penalties consistent with existing capital market violations (such as price manipulation and front-running). This proposal addresses issues of influencers spreading misleading information on unregulated social media, engaging in self-trading, and conflicts of interest, aiming to enhance investor transparency and protect investor interests.
Project/Company Dynamics
Malaysian digital infrastructure service provider Zetrix AI Bhd has completed $40 million in equity financing from the International Finance Corporation (IFC); the funds will be used to expand digital infrastructure in Malaysia, Southeast Asia, and other emerging markets, and support national digital identity systems and blockchain service networks through its proposed subsidiary to be listed on NASDAQ. Zetrix AI focuses on digital infrastructure services, with its AI business unit AI Foundation Lab aiming to complete its NASDAQ listing by the end of 2026.
Indian digital payment platform Billdesk will acquire the Indian operations of French payment processor Worldline at a valuation of approximately $70 million. As part of the transaction, Worldline will enter into a long-term technology and software collaboration agreement with Billdesk to ensure the software system continues to operate in India. The transaction aims to enhance Billdesk's payment infrastructure capabilities in the Indian market.
IoTeX Foundation has announced the latest tracking and 100% compensation plan regarding the ioTube cross-chain bridge security incident on February 21, completing full traceability of the stolen funds, most of which have been frozen, and the rest converted to approximately 2,183 Ethereum and transferred to the Bitcoin network, with related Bitcoin addresses currently under monitoring. The foundation promises to provide 100% compensation for users holding USDC, USDT, Ethereum, and WBTC that were bridged from Ethereum to IoTeX at the time of the incident: users with claims of $10,000 and below can receive the full amount in one lump sum; users with claims exceeding $10,000 will receive $10,000 instantly, with the exceeding amount disbursed over four quarters, along with an additional 10% compensation in the form of 12-month staked IOTX. The platform will open the official recovery address and Claims Portal on February 27, where users must aggregate affected assets, transfer them in one go, and submit on-chain transaction information for verification and compensation.
Tether has made a strategic investment in the global internet marketplace Whop, although the specific amount has not been disclosed. Whop currently has over 18.4 million users, generating approximately $3 billion in annual revenue, with a monthly transaction growth rate of 25%. As part of the partnership, Whop will integrate Tether’s Wallet Development Kit (WDK), enabling creators and users to make efficient payments using USD₮ and USA₮. This investment aims to leverage stablecoin technology to reduce friction and costs associated with traditional payment systems, facilitating Whop's international expansion into Latin America, Europe, and the Asia-Pacific region.
The Kraken exchange has launched a cryptocurrency staking loan service called Flexline that allows Kraken Pro traders to obtain liquidity using their existing digital assets as collateral without selling them. Flexline features fixed borrowing costs and clear terms, with borrowed funds usable both within the Kraken platform and withdrawable to other trading platforms, protocols, or service providers; collateralized assets are stored in independent secure wallets and included in Kraken's long-term asset reserve proof system. This service aims to provide users with a more flexible way to manage funds while maintaining long-term exposure to cryptocurrency holdings.
Circle announced its fourth quarter and full-year results for 2025, with the amount of USDC in circulation being $75.3 billion, a year-on-year increase of 72%; the on-chain transaction volume of USDC reached $11.9 trillion, up 247% year-on-year; the total revenue and reserve income for the quarter amounted to $770 million, reflecting a year-on-year increase of 77%. The total revenue and reserve income for the fiscal year 2025 reached $2.7 billion, a year-on-year increase of 64%; ongoing business reported a net loss of $70 million, mainly impacted by $424 million in equity incentive expenses related to the IPO (previous fiscal year's net profit was $157 million); adjusted EBITDA reached $582 million, up 104% year-on-year. Circle stated that the company is committed to building an economic operating system for the internet, supporting frictionless cross-border payments and emerging application scenarios driven by artificial intelligence.
Deep Dives & Insights
Once a leader among Ethereum treasury companies, ETHZilla Corporation announced yesterday that it has officially renamed itself to Forum Markets, Inc., and will subsequently conduct business under the Forum name. This marks the transformation of a company once labeled as "coin hoarding" into a new identity as a platform for tokenizing real-world assets (RWA), undertaking a strategic breakthrough related to survival and future.
Aave Labs aims to push V4 and plans to phase out V3. BGD Labs believes V3 is the "crown jewel" that can generate actual revenue. Betting on untested new structures while neglecting the currently operational system appears to carry considerable risk.
If Jane Street is forced to withdraw from its "daily sell-off plan" (as alleged) due to legal risks, cross-border regulatory scrutiny, or for self-preservation, then a structural headwind that has pressed on Bitcoin for four months would have a piece removed.
The business rivalry between Polymarket and Kalshi has been ongoing, and the predictive market is entering a true duopoly era. On one side is crypto-native Polymarket, and on the other is Kalshi within the compliant financial system. The essence of this competition is not about which company is stronger, but rather: who holds the future pricing power of information, Crypto or Wall Street. Therefore, this analysis is worth doing.
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