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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Revolut selected for FCA stablecoin sandbox, GBP token plan may be announced before July

The UK Financial Conduct Authority (FCA) has selected four institutions, including Revolut, to participate in the stablecoin sandbox, which will launch in 2026. This testing will help ensure the credibility of stablecoins in payments and transactions. Revolut is focused on the GBP stablecoin, aiming to strengthen its position in the UK market. Traditional banks, due to policy restrictions, have less motivation to enter the stablecoin market. This sandbox provides empirical data to inform the development of final regulatory rules.
MarketWhisper·2m ago
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Elizabeth Warren, OCC Chief Spar Over Trump-Linked Crypto Bank Bid

In brief Warren pressed OCC Comptroller Jonathan Gould to share the unredacted charter application for World Liberty Financial, citing foreign ownership and national security risks. Gould refused to delay or deny the application, saying he would process it "as we process all
WLFI1.48%
Decrypt·7m ago

ZachXBT exposes Axiom insider trading, employees orchestrated a $200,000 illegal profit scandal

On-chain detective ZachXBT's investigation report reveals that several employees at the cryptocurrency platform Axiom used internal tools for insider trading, illegally profiting $200,000. The key figure, Broox Bauer, tracked user wallets and transactions to coordinate trades with accomplices. Axiom has revoked access to the relevant tools and initiated an investigation. This incident has sparked widespread discussion about user data security and internal compliance issues.
AURASOL-4.37%
MET4.12%
SOL-0.09%
MarketWhisper·24m ago
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Bitcoin Selling Pressure Nears Exhaustion, Analyst Says

Bitcoin has found itself at a crossroads after a sustained period of selling pressure, with observers noting that the selling might be losing steam. Over the past three weeks, the flagship cryptocurrency has traded in a relatively narrow band between $60,000 and $70,000, with a brief dip
CryptoBreaking·28m ago

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·1h 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·1h ago
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