February 19, Crypto Headlines:
1.
$BTC has gone through several days of consolidation and has finally chosen to adjust downward, dropping to a low of around 93,000, wiping out the accumulated bullish positions in one go.
$BTC ultimately recovered to above 95,000, but it is still unclear whether a double top has formed.
Apart from
$BTC , which represents the leading coins, altcoins have entered a bear market, erasing all gains since last winter.
The number of open contracts for
$BTC has begun to increase, and the price range for
$BTC has become 91,000 - 98,000.
2. MicroStrategy has halted its 13-week streak of buying Bitcoin, and this week it did not purchase
$BTC ; however, it is conducting the next round of financing.
MicroStrategy plans to privately issue $2 billion in convertible senior notes for the purpose of purchasing
$BTC .
3. The first round of compensation for FTX creditors has been completed, with this round compensating accounts with amounts below $50,000, totaling $1.2 billion.
The next round of repayment distribution is expected to begin on May 30, 2025.
4. Tether minted an additional 1 billion USDT this morning, and stablecoins continue to be printed in increased quantities.
There is no shortage of funds in the market, but what is lacking is a substantial positive stimulus.
Additionally, Tether is researching interest-bearing stablecoins, with underlying assets corresponding to U.S. Treasuries, meaning that holding stablecoins may yield an annualized return of 3%-5% in the future.
5. Argentine President Milei's spokesperson: The government currently has no plans to dismiss any officials due to the cryptocurrency scandal.
From Milei's repeated sharing of the $LIBRA purchase tutorial, it seems that Milei has reconciled with the issuer and reached a private agreement; $LIBRA has truly become the Milei coin.
Milei publicly states that the purchasers of $LIBRA are Chinese and Americans, with no losses for local Argentinians.
This is a blatant claim to exploit Chinese investors.
6. Pi has welcomed a heavyweight exchange. Binance is publicly researching whether to list Pi coin, with the current voting result showing 86% approval.
Binance is highly likely to list Pi coin soon. Currently, OKX and Gate are set to start trading tomorrow.
7. Google is collaborating with the Bitcoin ecosystem to explore lowering the entry barriers for Web2 users to adopt Bitcoin.
The prospects for Bitcoin are broad; do not be swayed by short-term fluctuations, and consider buying on dips; new highs can still be achieved this year.
#行情速览