Gate Crypto Flash News and Market Updates

ChainCatcher message: According to Gate market data, the Dow Jones Industrial Average has increased by 1%.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $67,436, the total liquidation strength of long positions on major CEXs will reach $1.414 billion. Conversely, if BTC drops below $61,066, the total liquidation strength of short positions on major CEXs will reach $1.248 billion.

ChainCatcher News, according to Jin10 reports, a Reuters survey shows that the S&P 500 index is expected to rise by 10% before the end of the year, but the market remains concerned about trade disputes and the disruptive impact of artificial intelligence.

BlockBeats News, February 25 — According to CME "FedWatch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in March is now 4.1%, while the probability of holding rates steady is 95.9%.

Bitwise acquires institutional staking service provider Chorus One, aiming to expand its staking operations across multiple blockchains. Chorus One manages approximately $2.2 billion in staked assets. This transaction will enhance Bitwise's staking capabilities across multiple chains, with core team members of Chorus One joining Bitwise to serve institutional investors.

Wolfe Research warns investors that AI investment growth prospects may be overestimated, noting that market volatility could impact major indices. Analysts point out that there is uncertainty in capital expenditure over the next few years, which could affect industries reliant on AI investments.

FTX founder Sam Bankman-Fried launched an effort to seek a presidential pardon during his incarceration, attempting to influence Trump through social media. However, the White House responded that Trump has no intention of pardoning him, and this effort seems doomed to fail.

ChainCatcher message: According to Gate market data, the three major U.S. stock indices continued their upward trend, with the Nasdaq index rising over 1%, the Dow Jones Industrial Average up 0.83%, and the S&P 500 index up 0.68%.

NVIDIA is about to release its earnings report, and Wall Street expects growth in the fourth quarter, but recent AI-related stock market volatility has sparked uncertainty. Traders anticipate that stock prices may fluctuate by 6%, and there is a possibility of a "sell the news" sell-off pressure, which could impact the overall market.

Vitalik Buterin stated on X that restricting the supply of industrial-grade hardware computing power might be a practical way to delay the development of Artificial General Intelligence (AGI). He believes that reducing the availability of large-scale computing infrastructure could help extend the timeline for AGI development. However, merely restricting data centers in densely populated areas is not enough; he estimates that a reduction of 10 to 100 times in computing power is necessary, and even in ideal scenarios, a 100 to 10,000 times reduction could be required to make a real impact.

Odaily Planet Daily reports that Payoneer has submitted an application to the U.S. Office of the Comptroller of the Currency to establish PAYO Digital Bank. If the application is successful, the company will be able to receive and transfer stablecoins, issue its own USD-backed PAYO-USD tokens, and provide digital asset custody services. (The Block)

According to Coinglass data, if Bitcoin breaks through $66,000, the cumulative short liquidation strength on mainstream CEXs will reach 1.593 billion; if it drops below $62,000, the cumulative long liquidation strength will reach 717 million. These liquidation charts illustrate the impact of price movements on liquidation strength.

Gate News bot message, Gate Market Display, BTC Breaks 64,000 USDT, current price 64,009.2 USDT.

PANews February 24 News, according to Lookonchain monitoring, whenever Brother Magie Huang Licheng is liquidated to nearly zero, he deposits more funds into Hyperliquid to continue going long. He has just deposited another 245,000 USDC into Hyperliquid.

BlockBeats News, February 24 — Polymarket developer Suhail Kakar announced on social media, "The Polymarket CLI (Command Line Interface) has been launched — the fastest way for AI agents to access prediction markets, built with Rust. Users' agents can directly query markets, make trades, and retrieve data from the terminal."

ChainCatcher News, CoinAnk data shows that in the past 24 hours, the total liquidations in the cryptocurrency market across the entire network reached $311 million, including $250 million in long positions and $60.14 million in short positions. The total liquidation amount for BTC is $124 million, and for ETH it is $75.97 million.

Gate News bot message: According to the latest Gate TradFi data, RIOT temporarily increased by 6%, and the current volatility is significantly higher than the recent average level, indicating increased market activity.

The blockchain data analysis platform Nansen will establish a local entity in Glep, Bhutan, providing blockchain data and market intelligence to support the development of digital assets in the region. This move will add a new team, not replace the Singapore operations, and plans to announce team size and office details in the coming months.

BlockBeats News, February 24th, the Deputy Foreign Minister of Iran stated that Tehran is ready to reach an agreement with the United States as soon as possible. (Jin10)