Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.
Gate Daily (February 24): Jane Street sued by Terraform liquidator; Ethereum forms a new team to promote DeFipunk

Gate Daily (February 24): Jane Street sued by Terraform liquidator; Ethereum forms a new team to promote DeFipunk

Bitcoin (BTC) continues its decline from the beginning of the week, currently around $63,500 as of February 24. The Ethereum Foundation has established a DeFi team to promote the development of the "DeFipunk" protocol. Jane Street was sued by Terraform Liquidation Party, accused of using insider trading to accelerate the crash.

Standard Chartered Bank predicts the impact of stablecoins! The U.S. Treasury Department may suspend 30-year bonds for three years

Standard Chartered's latest report reveals that stablecoin issuers are rapidly increasing their demand for U.S. short-term government bonds. It is projected that by the end of 2028, this new demand will reach 1 trillion dollars. Including the Federal Reserve's bond purchase program, the total demand for short-term government bonds could surpass 2.2 trillion dollars. This structural shift may force the U.S. Treasury to reallocate its debt portfolio or even suspend 30-year bond auctions for up to three years.

Trump Family Stablecoin USD1 Suddenly Loses Peg! WLFI Claims It Was a Coordinated Attack

On February 23, the stablecoin USD1 under the DeFi project World Liberty Financial (WLFI), associated with the Trump family, temporarily lost its dollar peg, dropping to a low of 0.994 USD before quickly rebounding. WLFI characterized the incident as a hacker-led "coordinated attack," but rumors of Eric Trump deleting posts and an undisclosed insider trading investigation suggest that this storm is far from over.

Why did Bitcoin plummet today! Trump considers new tariffs, miners liquidate 2000 BTC

Bitcoin has recently experienced a clear decline, with the market facing two simultaneous pressures. Major miner Bitdeer has liquidated over 2,000 coins in eight weeks, strategically shifting to an immediate sell-off mode; the U.S. Supreme Court ruled that Trump's tariffs were illegal, and a new wave of national security tariff issues has emerged, causing global risk assets to panic sell. Technical indicators have also worsened, with Bitcoin breaking below the triangle support, with short-term targets directly pointing to the critical $64,000 defense line.

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TLV, taking off in the semiconductor market! Stock price target: 84,000 KRW

NH Investment & Securities has issued an optimistic outlook for semiconductor printed circuit board manufacturer TLB, raising the target stock price to 84,000 KRW and maintaining a "Buy" rating. TLB performed well in the fourth quarter, and it is expected that future profitability will be further enhanced through mass production of DDR5-8000 and factory expansion.
TechubNews·7m ago

SK Securities raises the target stock price of Korea Carbon to 58,000 KRW... Shipbuilding equipment industry shows improved performance

SK Securities has revised its target stock price for Korea Carbon to 58,000 KRW this year, expecting strong performance driven by growth in the shipbuilding sector and increased orders. Operating profit in the fourth quarter of last year grew by 120%, and profits for the first and second quarters are expected to be revised upward. In the long term, expansion into the U.S. market will also promote the company's development.
TechubNews·29m ago

Axelera AI successfully attracted a massive investment of 36 trillion Korean Won… Achieving a breakthrough in AI chip performance

Dutch Axelera AI has raised over $250 million and launched the Metis AI chip capable of performing 2.14 quadrillion operations per second. It uses the emerging D-IMC architecture to reduce power consumption, making it suitable for battery-powered devices. The company plans to use the funds to expand production and develop the second-generation chip Europa to enhance performance.
TechubNews·50m ago

The KOSPI 6000 era is just around the corner... Can it ride the warm breeze of US economic indicators?

The Korea Composite Stock Price Index (KOSPI) is about to break through 6,000 points, driven by rising U.S. consumer confidence and post-Spring Festival investment enthusiasm. Despite the impact of global tariff policies, institutional investors in the Korean stock market are making large-scale purchases, especially in technology stocks that are performing well. At the same time, developments in artificial intelligence companies have also boosted market investment sentiment. Investors should exercise caution in managing profit-taking pressure and market volatility.
TechubNews·1h ago

Treasury Sanctions Russian ‘Exploit’ Broker Over Stolen US Cyber Tools

In brief Treasury sanctions alleged Sergey Sergeyevich Zelenyuk and Operation Zero operated as a Russian exploit broker network. According to Regulators, the sanctions are the first actions under the new trade secrets sanctions law. The stolen "tools" were built for exclusive U.S.
Decrypt·1h ago

Profound raises $96 million in new funding to achieve a $1 billion company valuation

Artificial Intelligence Monitoring Platform Profound recently secured $96 million in funding, valuing the company at $10 billion, to expand its AI visibility monitoring and automation platform. Founded in 2024, Profound focuses on managing AI responses, supporting enterprise analysis and workflow building. Its main features include AI visibility tracking and competitive analysis, which are expected to significantly improve marketing efficiency. The funding round was led by Lightspeed Venture Partners, with participation from existing investors, bringing Profound's total funding to $155 million.
TechubNews·1h ago
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