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 28): U.S. Department of Justice seizes $580 million in crypto assets; Morgan Stanley applies for crypto custody license

Gate Daily (February 28): U.S. Department of Justice seizes $580 million in crypto assets; Morgan Stanley applies for crypto custody license

Bitcoin fell back to $65,850 under the influence of US PPI data. As Morgan Stanley actively invests in digital assets and the effectiveness of US anti-fraud enforcement becomes evident, market sentiment has been hit. The rise in PPI has sparked inflation concerns, affecting US stock performance and leading to liquidity shortages in Bitcoin and other cryptocurrencies.

Trump Media considers spin-off listing! The future of the crypto ETF plan remains a mystery

Trump Media is considering spinning off its social media platform Truth Social into an independent publicly traded company to create shareholder value. The fate of the cryptocurrency plans after the spin-off is unclear, and the market is paying close attention. DJT stock did not rise after the announcement; instead, it fell about 2.10%, indicating a lack of market confidence.

Former Mt. Gox CEO proposes a Bitcoin hard fork to recover $5.2 billion

Former Mt. Gox CEO Karpelès proposes a hard fork of Bitcoin to recover approximately 79,956 Bitcoins stolen in 2011. The proposal suggests adding consensus rules to allow funds to be returned to creditors through court proceedings, but it faces concerns about undermining Bitcoin's immutability and the risk of chain splits. This proposal is currently mainly to spark discussion and has not been implemented.

Why did Bitcoin drop today? PPI surges and the UK credit crisis hit from both sides

Bitcoin today fell due to the US January PPI data exceeding expectations, the bankruptcy of UK MFS triggering credit panic, and pressure on tech stocks. The rise in core PPI has intensified inflation concerns, and uncertainty in Federal Reserve policies has increased. $64,000 is a key support level; a break below could potentially trigger deeper liquidity issues.

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MoonPay Teams Up with M0 to Launch PYUSDx: PayPal USD Supports App Stablecoin

MoonPay and M0 launch the PYUSDx framework, allowing developers to quickly issue their own branded stablecoins, reducing deployment time to just a few days. This framework uses PayPal USD as the reserve asset and is issued by a subsidiary of MoonPay. The PYUSDx token is different from PYUSD, as it does not support PayPal transactions, aiming to expand PYUSD's market circulation and align with MoonPay's AI-driven financial infrastructure development.
PYUSD-0.08%
MarketWhisper·4m ago
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Quantum computers could threaten crypto security, Ledger CTO warns

Experts warn that quantum computers powerful enough to break elliptic curve cryptography (ECC) may threaten crypto network security. ECC, crucial for public and private key systems, could be compromised, enabling the retrieval of private keys from public ones. While post-quantum cryptography (PQC) offers promising solutions, implementation challenges remain. Cryptocurrency communities are urged to prepare proactively to safeguard digital asset infrastructure against future quantum threats.
BTC-2.02%
ETH-4.71%
TapChiBitcoin·19m ago

Pokémon's 30th Anniversary Sparks Nostalgic Economy, Rare Cards and Nintendo Stocks Become Investment Hotspots

The 30th anniversary celebration of Pokémon has boosted the brand's popularity, including advertising during the Super Bowl and various cross-industry collaborations. Investors can indirectly invest in this brand through Nintendo shares or rare cards. As high prices are achieved in the card market, Pokémon's appeal is also increasing, positively impacting Nintendo's business activities and market valuation.
MarketWhisper·29m ago
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Amazon and NVIDIA simultaneously fund OpenAI, with an IPO valuation reaching 730 billion

OpenAI announced the completion of a $110 billion funding round on February 27, 2026, with a pre-money valuation of $730 billion. Amazon, SoftBank, and NVIDIA are the main investors. If an IPO occurs, it will become the largest in the history of U.S. tech company listings. This valuation is significantly higher than historical records set by Meta and Alibaba.
MarketWhisper·37m ago
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Palladium plunges 70% to bottom, with $1900 key resistance becoming a dividing line for rebound

Palladium prices soared from 2020 to 2022 to $3,400 due to supply panic, then plummeted to around $1,000 as electric vehicle adoption and the substitution effect of platinum took hold. Currently, if prices can break through the resistance of $1,900 to $2,000, it may confirm a structural upward trend. Factors influencing the future movement of palladium include global automobile production, electric vehicle penetration rates, and geopolitical risks.
MarketWhisper·41m ago
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Tether assists U.S. Department of Justice in freezing $61 million in "pig butchering" scam funds, exposing $4.2 billion in criminal freezes

Tether announced on February 27 that it has frozen approximately $4.2 billion worth of cryptocurrency tokens, mainly due to involvement in "illegal activities." The freeze includes $61 million of USDT related to "pig butchering" scams. As a stablecoin issuer, Tether has the ability to remotely freeze specific wallets, demonstrating its centralized nature. Research indicates that cryptocurrency money laundering activities are rapidly increasing, and FATF has called for strengthened regulation to address the associated challenges.
MarketWhisper·49m ago
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