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South Korea’s Coinone Exchange Seeks Sale; Coinbase to Discuss Equity Stake
South Korea’s third-largest cryptocurrency exchange, Coinone, is reportedly for sale as major shareholder and chairman Cha Myung-hoon considers selling part of his stake. Coinbase plans to visit South Korea this week to discuss a possible equity investment. This development signals potential consolidation and increased institutional involvement in the South Korean crypto market.
Placeholder Partner Chris Burniske Plans to Accumulate Bitcoin and Select Crypto Assets on Signif...
Chris Burniske, a partner at Placeholder VC and former head of crypto at Ark Invest, has not yet started a new buying spree but is prepared to increase holdings in Bitcoin and select cryptocurrencies if the market experiences a sharp decline. He identifies key Bitcoin price levels between $50,000 and $80,000 as critical zones for potential accumulation, highlighting significant historical and technical supports. Burniske emphasizes a long-term view, favoring holding current positions during rallies and opportunistically adding on notable market pullbacks.
[IMPORTANT] Dormant Whale Reactivates, Moves $145M in ETH to Gemini Exchange
A previously inactive whale address has transferred 50,000 ETH, worth $145 million, to the Gemini exchange after being dormant for nine years. The address still retains 85,000 ETH valued at $244 million. Transfers of this magnitude to exchanges are often viewed as possible signs of upcoming selling activity.
Broad Cryptocurrency Market Decline Led by GameFi Sector, Bitcoin Drops Below $88K
The cryptocurrency market experienced a widespread decline, with the GameFi sector dropping nearly 5% in 24 hours. Bitcoin fell below $88,000 with a 1.84% decrease, while Ethereum also declined by 2.34%. Despite sector-wide losses, some tokens like Beam, River, and Movement posted significant gains.
Dormant ETH Whale Moves $145M to Gemini Exchange After Nearly a Decade
A previously inactive Ethereum whale address transferred 50,000 ETH valued at $145 million to Gemini after being dormant for nine years. The address originally withdrew 135,000 ETH from Bitfinex nine years ago when the price was about $90 per ETH. After the recent transfer, the address still holds 85,000 ETH worth approximately $244 million.
[IMPORTANT] SwapNet Hack Results in $16.8 Million Cryptocurrency Theft, Users Urged to Revoke Aut...
SwapNet experienced a security breach leading to the theft of approximately $16.8 million in cryptocurrency. The attacker swapped 10.5 million USDC for about 3,655 ETH on the Base chain and started bridging the funds to Ethereum. Users are advised to revoke authorizations for all personal aggregators except the 0x one-time authorization contract to prevent further losses.
The USD/JPY currency pair dropped to 154, marking its lowest level since November 14 of the previous year. The intraday decline reached 1.11%. This movement reflects notable weakness in the US dollar relative to the Japanese yen.
Vitalik Buterin Revises 2017 Stance on Blockchain State Commitment Citing Advances in Zero-Knowle...
Ethereum co-founder Vitalik Buterin updated his 2017 perspective on blockchain design, now supporting state verification thanks to advances in zero-knowledge proofs like ZK-SNARKs. These technologies allow verification of blockchain states without the need to replay every transaction, thus reducing trust assumptions while maintaining usability. He stressed the importance of retaining personal independent verification in blockchains to safeguard against failures and centralization risks.
[IMPORTANT] Gold Surges Past $5,000 While Bitcoin Struggles Near $87,000 Amid Macro Divergence
Gold prices have risen above $5,000, signaling a strong macroeconomic shift that markets expect to be long-lasting. Meanwhile, Bitcoin's price remains stalled near $87,000, with onchain data revealing supply overhang and low market participation. This divergence highlights a growing split between traditional safe-haven assets and cryptocurrencies amid current macroeconomic conditions.
[IMPORTANT] Stablecoin Issuers Generated $5 Billion Revenue in 2025 Using Ethereum Settlement Layer
Stablecoin issuers earned an estimated $5 billion in revenue in 2025 by leveraging the Ethereum network as their main settlement layer. The supply of stablecoins on Ethereum grew by $50 billion over the year, surpassing $180 billion by the fourth quarter. Quarterly revenue for issuers peaked at approximately $1.4 billion in Q4 of 2025.
Foundry USA's Bitcoin Hashrate Plummets 60% Amid Severe US Winter Storm
Foundry USA’s Bitcoin hashrate has dropped about 60% due to winter storm Fern impacting the US. Power outages and operational slowdowns have caused around 200 EH/s of hash power to go offline, extending average block times to 12 minutes. Mining firms are voluntarily halting operations to reduce strain on the power grid amid these conditions.
MVL's TADA Aims for $100 Million Funding to Fuel U.S. Expansion and New York Launch
MVL, a blockchain-based mobility platform, is seeking $100 million to expand its U.S. ride-hailing operations under its subsidiary TADA. The company plans to launch services in New York by June this year. This move reflects MVL’s strategy to scale its blockchain-enabled transportation network in a major U.S. market.
Binance’s CZ to Release Memoir with Full Prison Details by Early March
Binance founder Changpeng ‘CZ’ Zhao announced his memoir release in late February or early March, featuring candid disclosures including his recent prison experience. The 300-page book will be self-published in both English and Chinese simultaneously, with all proceeds going to charity. CZ addressed potential memecoin issues related to the book’s proposed Chinese title and promised transparency on controversial industry events.
Trend Research Withdraws $30M USDT from Binance to Repay Loans Amid $215M ETH Unrealized Loss
Trend Research recently withdrew 30 million USDT from Binance to the blockchain to repay part of its outstanding loans. The institution holds 651,300 ETH valued at $1.85 billion but faces an unrealized loss of approximately $215 million due to an average purchase price of $3,180 per ETH. It currently has a leveraged position with 1.03 billion USDT borrowed on Aave at about 2.2x leverage.
[IMPORTANT] Key Developments in Crypto, Gold Prices, and Regulatory Outlook Shape Market Dynamics
The international gold price broke a historic $5,000 per ounce, while Japan may lift its ban on spot crypto ETFs by 2028 with major firms preparing products. The U.S. advances clearer crypto regulation with a market structure bill expected to improve predictability but possibly restrict stablecoin yields, which may prompt capital outflows. Additionally, notable events include the shutdown of a decentralized custody startup, a significant whale deposit to avoid liquidation, and a16z Crypto's stance on blockchain security focused on governance over quantum resistance.
[IMPORTANT] Vitalik Buterin Revises Blockchain Verification Views, Highlights ZK Technology’s Rol...
Vitalik Buterin reconsiders his 2017 stance on blockchains committing to state, emphasizing the importance of state root commitment for practical verification. He highlights zero-knowledge (ZK) technologies like ZK-SNARKs as game-changers that enable both security and scalability without re-executing transactions. Vitalik underscores the need for a fallback 'cabin in the mountains' self-verification model to safeguard against real-world uncertainties such as outages and censorship.
[IMPORTANT] Andreessen Horowitz-Backed Crypto Custody Startup Entropy to Shut Down and Return Funds
Entropy, a decentralized crypto custody startup backed by a16z, is winding down after four years and several business pivots, including a late attempt to develop a crypto automation platform. Despite raising $25 million in seed funding, the firm concluded its business model was not viable at venture scale and decided to return capital to investors. The closure reflects a broader decline in early-stage crypto venture deals, and the founder is considering transitioning into pharmaceutical research.
Bitcoin whale addresses holding at least 1,000 BTC have accumulated a total of 7.17 million BTC. This represents the largest whale-held Bitcoin amount since September of the previous year. The data is reported by analytics platform Santiment.
a16z Downplays Immediate Quantum Risk to Crypto, Urges Focus on Current Security Challenges
Andreessen Horowitz (a16z) Crypto states that the quantum computing threat to cryptocurrencies is overstated at present. They emphasize that no quantum computer yet exists capable of quickly breaking cryptosystems like those of Bitcoin or Ethereum. Instead, they recommend prioritizing mitigation of more immediate security vulnerabilities and improving protocol governance.
Jia Yueting's FFAI Achieves US Certification for EAI Robot, Pushes Web3 and Blockchain Integration
Jia Yueting announced that Faraday Future's first EAI robot has completed US regulatory certification and will be commercialized using a launch-to-delivery model. The company aims to integrate Web3 and blockchain technologies with its humanoid robot business to drive profits in the US market. BlackRock increased its FFAI holdings significantly, while a research firm maintained a 'Buy' rating, and the crypto project AIXC launched global recruitment and interactive events.
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