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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Hedera Kills AccountBalanceQuery – Developers Have Until July

_Hedera is deprecating AccountBalanceQuery by July 2026, pushing developers to the Mirror Node REST API as throttles step down starting May 2026. Here’s what changes._ Hedera is pulling the plug on AccountBalanceQuery. The network has confirmed the feature will be fully removed with the July 202
HBAR2.04%
WAXL-2.17%
LiveBTCNews·11m ago

Financial authorities stabilize the housing market by strengthening the management of loans for multiple property owners.

Financial authorities are developing new regulations to strengthen loan management for multiple property owners, restricting the extension of loan terms in certain areas. These measures aim to stabilize the housing market, reduce financial support for multiple properties, and extend related regulations to debt-to-income ratios and capital requirements. At the same time, the Financial Supervisory Agency is also researching protective measures to safeguard tenants' rights, and attention should be paid to the market response and effectiveness after policy implementation.
TechubNews·21m ago

Jupiter and Noah Bring Neobank Features to Jupiter Global

Editor’s note: In today’s crypto landscape, partnerships between regulated banking infrastructure and DeFi platforms signal a pivotal step toward mainstream adoption. The Jupiter Noah collaboration merges trusted settlement rails with a leading Solana-based platform, enabling neobank-like features t
JUP1.08%
DEFI4.47%
SOL0.42%
CryptoBreaking·46m ago

[Editorial] Is Cryptocurrency Designed for Humanity

The question arises whether cryptocurrencies are truly human-centered technologies. Although we strive to simplify the blockchain experience, its structure often remains unfriendly to humans, heavily relying on rules and machine execution. In the future, blockchain may become an "invisible infrastructure," optimized by AI agents rather than traditional consumer products. This shift could subtly influence our financial systems.
TechubNews·50m ago
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