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

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Did this high-frequency trading giant trigger the $40 billion Luna crash and the 2022 crypto winter?

Written by: 0xjs@Golden Finance Do you remember the Luna/UST crash in May 2022, when the market cap exceeded $40 billion and collapsed within 5 days? (Refer to Golden Finance's previous report "Recap of the LUNA Brother's Crash Moment") The Luna crash, combined with the subsequent collapse of Three Arrows Capital by Suzhu in the second half of 2022 and the bankruptcy of SBFFTX, directly triggered the crypto winter of 2022-2023. While Luna's collapse was partly due to its mechanism design, the latest documents reveal that Wall Street high-frequency trading giant Jane Street is the hidden hand behind this financial game. They obtained insider information from Terraform Labs, triggered Luna's crisis, profited immensely, and exited unscathed.
LUNA3,19%
BTC3,33%
CRV7,28%
TechubNews·11m ago

Hut 8 reported an annual loss of $248 million, but a $7 billion AI leasing plan is helping to turn the tide.

Hut 8 reported a net loss of $248 million in 2025, mainly due to unrealized digital asset losses, despite a 45% increase in annual revenue to $235.1 million. The company successfully transitioned into an AI infrastructure developer, signing a $7 billion leasing agreement with Fluidstack, demonstrating long-term growth potential. The stock price still rose over 300% despite the losses.
BTC3,33%
MarketWhisper·11m ago
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XRP Today News: ETF and legislative favorable factors double as catalysts, analysts bullish on $2

On February 25th, XRP price rebounded to $1.4335, an increase of 6.27%, driven by the inflow of U.S. cryptocurrency ETF funds, progress in the Market Structure Bill, and positive NVIDIA earnings reports. Analysts predict that if legislation proceeds smoothly, XRP could surge to $2 in the medium term. Market sentiment remains influenced by multiple factors, including the Bank of Japan's policies and overall market liquidity.
XRP3,54%
MarketWhisper·16m ago
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NVIDIA Financial Report: Q4 Revenue of $68.1 billion hits a record high, surpassing $215.9 billion for the year

NVIDIA reports Q4 FY2026 results, with quarterly revenue reaching a record $68.127 billion, up 73% year-over-year; full-year revenue of $215.938 billion, up 65% year-over-year. Q4 net income was $42.96 billion, an increase of 94%. Looking ahead to Q1 FY2027, revenue is expected to be around $78 billion, indicating the impact excluding Chinese data centers. The Vera Rubin platform will help meet the growing demand for AI computing and strengthen market position.
MarketWhisper·30m ago
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Pi Network holds at $0.1533, with 32 million tokens unlocked, creating supply pressure

Pi Network (PI) tokens are currently priced above $0.1600. Recently, due to supply pressure, 32.26 million tokens are set to be unlocked in February and 154 million tokens in March, which may increase selling pressure. Technical analysis indicates that $0.1533 is an important support level; if broken, it could face risks, while a rebound could see prices rise to levels like $0.1749. The actions of holders will influence the actual market impact of the unlocks.
PI2,44%
MarketWhisper·35m ago
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Tether invests in Whop, stablecoin payments reach 18.4 million creators

Tether Investments made a strategic investment in Whop.com on February 25th, aiming to integrate Tether's Wallet Development Kit (WDK) into the Whop platform, enabling its creators and users to make global payments using stablecoins. Whop has 18.4 million users and an annual revenue of approximately $3 billion, with a 25% increase in transaction volume in the latest quarter. This partnership will promote the use of stablecoins in everyday commercial scenarios and support Whop's expansion into the global market.
MarketWhisper·48m ago
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Elon Musk confirms Gork returns today

Elon Musk's tweet "Gork returns today" sparks a social media frenzy, trending along with excited responses about Gork, a wild, humorous, and unfiltered AI version designed for dynamic interactions. Users eagerly anticipate its return.
TapChiBitcoin·54m ago

Aave internal turmoil: Controversy over tens of millions of USD in funding before the historic vote

Aave's governance conflict escalates as community coordinator Marc Zeller criticizes Aave Labs before the "Aave Will Win" vote, which seeks over $50 million in funding. Zeller questions the value Aave Labs has provided and highlights transparency issues and inefficiencies in projects. Market concerns rise with Ripple Labs pulling $12 million from Horizon amid BGD Labs' potential departure.
AAVE-0,01%
TapChiBitcoin·55m ago

Mizuho is optimistic about Stripe's acquisition of PayPal, with Venmo users being the biggest strategic incentive

Mizuho Securities analysts believe that Stripe's acquisition of PayPal and its Venmo app could fill its consumer brand gap and strengthen its payment ecosystem. The report states that Stripe is valued at $159 billion, far exceeding PayPal's market capitalization of approximately $43 billion, making it financially feasible. After the merger, it is expected to enhance the global payments market position and influence in the stablecoin business.
PYUSD0,01%
MarketWhisper·1h ago
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Circle Q4 Profit Surges on USDC Growth, Shares Jump Over 20% on Earnings Beat

Circle Internet Group (NYSE: CRCL) reported fourth-quarter 2025 net income of $133.4 million, or $0.43 per share, on revenue of $770 million, significantly exceeding analyst expectations of $0.16 per share on $747 million in revenue. The company's USDC stablecoin circulation reached $75.3 billion at year-end, a 72% increase from 2024, driving a 77% revenue surge as shares rose over 20% following the February 25 earnings announcement.
USDC-0,02%
CryptopulseElite·1h ago
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Galaxy S26 and the era of the "AI Agent Phone"

Samsung's Galaxy S26, introduced by CEO TM Roh, features an "AI Agent" that predicts user needs and autonomously navigates apps. Powered by Google Gemini, it streamlines tasks like ordering food, currently being tested in the US and South Korea.
TapChiBitcoin·1h ago
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