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 27): Trump family’s mining company American Bitcoin loses $150 million; Goliath's former CEO arrested for Ponzi scheme.

Gate Daily (February 27): Trump family’s mining company American Bitcoin loses $150 million; Goliath's former CEO arrested for Ponzi scheme.

Bitcoin (BTC) retreated to $67,000 on February 27. The Trump family’s American Bitcoin company posted a full-year loss of $152.8 million, falling short of expectations. Meanwhile, former CEO of Goliath Ventures was arrested for involvement in a $328 million crypto Ponzi scheme. Overall market liquidity remains sluggish, with both institutional and retail investors in a selling stance. Future developments will continue to depend on the Federal Reserve’s monetary policy.

CRCL stock price breaks above $90, Circle's earnings surpass expectations, decoupling from the crypto market

Circle (CRCL) stock price briefly surged past $90 after the earnings report, reaching a recent high and continuing approximately a 30% increase. Bernstein and Mizuho Securities both issued ratings on its future performance, with Bernstein predicting a target price of $190, and Mizuho raising its target to $90. The earnings report showed revenue growth and diversification for Circle, especially with an increased proportion of USDC held in-house. Additionally, the activity level of the predictive market Polymarket is seen as a key factor for sustained growth, but the risk of rate cuts could impact reserve income and stock performance.

"Buy Bitcoin" Google searches hit a five-year high, Trump’s one statement liquidates $120 million in shorts

This week, global searches for "buy Bitcoin" reached the highest level in nearly five years, reflecting a renewed investor willingness to enter the market. Influenced by Trump's State of the Union proposal to ban congressional stock trading, market sentiment quickly improved, leading to a large-scale short squeeze. On-chain data shows an increase in whale holdings and strengthened accumulation signals, suggesting the market may be facing a turning point, but multiple factors need to be considered to determine the price trend.

Why did Bitcoin drop today? Increased uncertainty in US-Iran nuclear negotiations, and the $71,000 fake breakout exposed the essence of short squeeze.

Bitcoin recently retreated from $71,000 to $67,000, mainly due to false breakouts caused by forced short liquidations and increased market risk premium from ongoing uncertainties in US-Iran nuclear negotiations. On the technical side, $71,000 is a major resistance level; if it cannot be effectively broken through, it will impact the short-term trend. The decline in open interest indicates market deleveraging, and the price increase lacks sustainable support.

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Artificial Intelligence Impact, Leading a Major Transformation in the SaaS Industry

Wall Street is re-evaluating software services, especially in the context of AI's increasing impact on the market. After Anthropic PBC launched Claude Code Security, security-related stocks declined, indicating investor concerns about AI's influence. The recent "SaaSpocalypse" phenomenon suggests this is a market reclassification rather than pure disruption. Following a significant drop in Figma's valuation, the company is leveraging AI innovation to reshape itself and is becoming a cross-departmental design system. The market needs to reassess companies that enhance system centrality through efficient pathways. SaaSpocalypse sets a new standard for future technology markets.
TechubNews·20m ago

Lishui · Shuntian, Unauthorized credit card payments surge... Concerns over personal information leaks

Recently, multiple cases of unauthorized credit card usage have occurred in Lishui City and Heuncheon City, Jeollanam-do, South Korea, with total losses exceeding 120 million KRW. Authorities suspect that personal information leaks are involved and are considering investigating the relevant payment companies and shop owners. Experts advise consumers to strengthen personal information protection to prevent similar crimes from happening again.
TechubNews·48m ago

Trust Wallet Security Hack: How to Safeguard Your Assets

Recent security incidents linked to wallet software have once again highlighted a central truth of crypto ownership: self-custody comes with responsibility. Following reports tied to a browser extension issue involving Trust Wallet Hack, users across the ecosystem are reassessing how they
DEFI-8.04%
LiveBTCNews·51m ago

Chamath Palihapitiya's 30 Years of Insight: Status is Artificial, Staying Away from It Is a Superpower

Silicon Valley investor Chamath Palihapitiya shares 30 years of life insights, emphasizing the importance of learning and risk-taking. He warns young people to avoid debt, vanity-driven career goals, and the pursuit of status, and recommends making proactive life choices such as socializing with young people, working in thriving areas, building honest relationships, and pursuing flow states to maintain continuous growth and vitality.
MarketWhisper·59m ago
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From raising 7.7 million to a 92% drop in token price, what has the DePIN star project WeatherXM experienced

In May 2024, WeatherXM went public. This DePIN project, dubbed the "world's largest community-driven weather network," is backed by a $7.7 million Series A funding round led by Lightspeed Faction, with a lineup of top-tier institutions behind it: Protocol Labs, Borderless Capital, Arca, Placeholder VC, and Consensys.
WXM-0.38%
ARB2.89%
SOL-1.16%
TechubNews·1h ago

Concerns over bank deposit outflows intensify, U.S. Senators restart debate on stablecoin yield regulation

The U.S. Senate Banking Committee held a hearing on stablecoin yields to discuss the impact of the GENIUS Act. The bill prohibits stablecoin issuers from paying interest but does not restrict platform rewards, raising concerns about potential bank deposit outflows. Banking industry representatives pointed out the potential risk of deposit outflows, while supporters argued that there is no substantial evidence. Regulatory agencies emphasized that there have been no signs of large-scale deposit outflows at present and plan to enhance regulation of digital assets.
MarketWhisper·1h ago
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Despite personal information leakage incidents, Coupang still set the highest sales record in history

Coupang Inc, despite experiencing a personal information leak, still achieved record-high revenue and profit last year, with annual revenue increasing by 14%. However, in the fourth quarter, due to the impact of the leak, revenue slowed down and profits dropped significantly. Member attrition has impacted the company's stability, but signs of recovery have appeared since early 2026. Whether growth can be sustained in the future remains to be seen.
TechubNews·1h ago

MicroStrategy buys Bitcoin, CMF trending to zero, bear flag pattern suggests MSTR dips to $70

MicroStrategy recently increased its Bitcoin holdings by approximately $40 million, acquiring 592 BTC, bringing its total holdings to 717,722 BTC, but this did not boost its stock price. The Chaikin Money Flow (CMF) indicator is approaching zero, indicating that institutional funds are not following suit with purchases. Technical analysis shows that the stock price is facing downward pressure, forming a bear flag pattern, and suggests a possible decline to $70. Institutional investors' confidence in the company's stock has weakened, affecting the likelihood of a price rebound.
MarketWhisper·1h ago
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Anthropic rejects the White House's final ultimatum, setting a potential precedent for government-mandated encryption companies

Anthropic CEO Dario Amodei refused the U.S. Department of Defense's ultimatum in 2026, prohibiting Claude AI from being used for military purposes, as it crossed the red line of autonomous weapons and surveillance. This incident highlights the potential threats of the Defense Production Act, which could impact the technology and cryptocurrency industries. Anthropic faces the risk of losing military contracts, and the broader supply chain exclusion could have more far-reaching effects, testing the resilience of decentralized architectures.
MarketWhisper·1h ago
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UK ISA bans crypto ETNs, retail investors lose tax-free crypto investment channel starting April

The UK will shut down investment channels for cryptocurrencies within Individual Savings Accounts (ISAs) in April 2026, as Her Majesty's Revenue and Customs (HMRC) reclassifies crypto exchange-traded notes (ETNs) as ineligible securities. This change affects investors' tax advantages, making capital gains taxation necessary, and may drive some investors to offshore platforms. The ban has sparked debates over investor protection and market competitiveness.
ETH-1.43%
MarketWhisper·1h ago
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Citigroup enters Bitcoin: Making BTC bankable, $30 trillion institutional framework opens up

Citigroup Digital Asset Custody Head Nisha Surendran announced that the company plans to officially integrate Bitcoin services for institutional clients by 2026, with the core message being "making Bitcoin an asset that banks can trade." This global financial giant, managing over $30 trillion in traditional assets, plans to provide Bitcoin with infrastructure equivalent to stocks and bonds within its existing institutional service framework to meet the continuously growing institutional demand.
BTC-1.26%
MarketWhisper·1h ago
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