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.
BlockFills suspends withdrawals after a $75 million loss; CEO resigns

BlockFills suspends withdrawals after a $75 million loss; CEO resigns

BlockFills has suspended all customer deposits and withdrawals, and due to losses of approximately $75 million from its crypto asset lending business, CEO Nicholas Hammer has resigned, with Joseph Perry taking over. Market volatility has led to a decline in collateral value, resulting in irreparable losses and revealing the company's structural weaknesses. The current status of customer funds is unclear, with some customers having completed withdrawals before the freeze.

IMF Warning: U.S. Inflation Unlikely to Reach Target Before 2027, Federal Reserve Rate Cut Delayed

The International Monetary Fund (IMF) report states that U.S. inflation will not reach the 2% target until early 2027, indicating that high interest rates will persist. The fiscal deficit is projected to remain between 7% and 8% of GDP, warning of rising government debt. The IMF recommends fiscal consolidation instead of tariffs to reduce the deficit, which differs from the Trump administration's strategy. The report shows that room for interest rate cuts is structurally constrained, which also impacts the cryptocurrency market.

Why did Bitcoin rise today? Jane Street sued to end the "10 a.m. sell-off"

Bitcoin rebounded strongly on Wednesday, breaking through $70,000 and ending its decline since October. The market generally associates this rebound with the lawsuit against Jane Street, believing that structural selling pressure may have eased. Major cryptocurrencies all recorded double-digit gains, and market sentiment has significantly improved. Technical analysis shows support at $64,000, and breaking above $71,000 will be a key indicator of the rebound.

Gate Daily (February 25): Trump will not pardon FTX founder SBF; Meta plans to re-enter the stablecoin market in the second half of the year

Bitcoin (BTC) experienced a sharp short-term rebound, temporarily trading around $65,810 on February 25, following the rebound of the US stock market. A White House spokesperson revealed that President Trump will not pardon FTX founder Sam Bankman-Fried. Sources familiar with the matter disclosed that Meta plans to re-enter the stablecoin sector in the second half of this year.
02-25 01:34
Market Whisper

Latest Article

More

OCC Advances Crypto Oversight Ahead Of 2027 GENIUS Act Rollout

The US banking regulator has taken a major step toward formalizing crypto oversight. The GENIUS Act rulemaking process now begins as regulators seek structured public feedback. This development signals a serious shift in how Washington plans to handle digital asset supervision. The Office of the
Coinfomania·8m ago

RedotPay's Planned U.S. Listing: The Structural Logic and Regulatory Boundaries of a Stablecoin Payment Platform

Article by: Lawyer Shao Jianding Recently, Bloomberg reports (cited by multiple media outlets) mentioned that Hong Kong-based stablecoin payment platform RedotPay is considering an IPO in the U.S., with potential fundraising exceeding $1 billion, a target valuation possibly over $4 billion, and has already engaged with several top investment banks; the report also emphasizes that discussions are still ongoing, and the scale and valuation may be adjusted. (Bloomberg Legal News) This type of news is worth serious attention from legal and compliance professionals, not just because of the "large fundraising scale," but because it touches on a more critical issue: when stablecoin payment platforms begin to enter mainstream capital markets, the market will not only ask about growth figures but will also scrutinize business structure, responsibility boundaries, and regulatory compliance to ensure clarity. From the official website and terms, RedotPay has already gone beyond just "cards" or "money"
TechubNews·49m ago

Hong Kong Unveils Bold 2026 Digital Asset Reform Plan, Stablecoin Drive

Licensing Expansion to Cover Dealers and Custodians The government will introduce a bill this year to license digital asset dealers and custodians. The proposal will expand regulation beyond trading platforms and bring more service providers under formal supervision. As a result, authorities aim to
BTC4,55%
CryptoBreaking·1h ago
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)