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.
BlockFills suspends withdrawals after a $75 million loss; CEO resigns

BlockFills suspends withdrawals after a $75 million loss; CEO resigns

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.

IMF Warning: U.S. Inflation Unlikely to Reach Target Before 2027, Federal Reserve Rate Cut Delayed

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.

Why did Bitcoin rise today? Jane Street sued to end the "10 a.m. sell-off"

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.

Gate Daily (February 25): Trump will not pardon FTX founder SBF; Meta plans to re-enter the stablecoin market in the second half of the year

Bitcoin (BTC) experienced a sharp short-term rebound, temporarily trading around $65,810 on February 25, following the rebound of the US stock market. A White House spokesperson revealed that President Trump will not pardon FTX founder Sam Bankman-Fried. Sources familiar with the matter disclosed that Meta plans to re-enter the stablecoin sector in the second half of this year.
02-25 01:34
Market Whisper

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Circle Revenue Jumps 77% as USDC Widens Gap Over RLUSD

Circle reported strong fourth-quarter results, and it widened the measurable gap in the regulated stablecoin market. The company posted sharp revenue growth, and USDC circulation reached new highs. Meanwhile, Ripple’s RLUSD operates from a far smaller base, and the contrast highlights shifting
USDC-0.02%
CryptoBreaking·4m ago

Whale loses $8.2M squeezing ARC market liquidity on Lighter

A giant, multi-day long bet on ARC perpetuals on a decentralized derivatives platform shed light on both the risks and the protections embedded in modern DeFi trading venues. A single trader built a substantial long position that pushed ARC’s open interest toward the $50 million mark, prompting a
CryptoBreaking·8m ago

Buffett Indicator skyrocketing, Bitcoin is standing at a macro crossroads

Article by: Gino Matos Translated by: Saoirse, Foresight News Bitcoin is entering a phase where macro trends are more important than narratives. The stock market is near all-time highs, real yields remain elevated, and the credit market is expanding into increasingly opaque corners of the financial system. While these conditions do not guarantee an imminent crisis, they collectively set the stage for high volatility in risk assets. For Bitcoin, the key question is: will stress manifest within the high-valuation financial system, and how quickly can policymakers act to contain it? Macro strategist Michael Pento describes the current landscape as a "triple bubble": stock valuations approaching historic extremes, real estate being squeezed by nearly 6% mortgage rates, and private credit management regulations...
BTC4.56%
TechubNews·16m ago

US Seizes $61M in USDT Linked to Pig-Butchering Crypto Scam

North Carolina federal authorities have seized more than $61 million in a dollar-pegged stablecoin tied to a wide-ranging “pig butchering” scheme that exploited fake online romances and fraudulent trading platforms to ensnare victims. Prosecutors in the Eastern District of North Carolina in
CryptoBreaking·42m ago

OCC Unveils Proposed Stablecoin Rules Under GENIUS Act

The OCC's proposed rule establishes oversight for domestic and foreign payment stablecoin issuers, requiring one-to-one liquid reserves and par token redemption within two business days. The framework aims to ensure safety in stablecoin usage while coordinating with other regulatory bodies.
CryptoFrontNews·56m ago

XRP and XLM Explained: Origin Story, Use Cases, and Key Differences

_XRP and XLM share roots but follow different paths. Read more on their origins, use cases, milestones, and what separates the two networks._ XRP and XLM are among the most popular crypto assets. They share a common genesis, but their goals for global finance diverge widely.  Developed by
LiveBTCNews·56m ago
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