Odaily Planet Daily News: According to Lookonchain monitoring, after the market fell, 7 Siblings spent 28.75 million DAIs to buy 12070 ETH, with an average price of $2382.

Circle's stablecoin's USDC and EURC got approval for use and promotion within the Dubai International Financial Centre, the company said in a statement on Monday. The Dubai Financial Services Authority (DFSA) approved USDC and EURC as recognized crypto tokens within the DIFC, the statement said. See all newsletters"With this approval, financial institutions and fintechs operating in the DIFC can integrate USDC and EURC into digital asset services, payments, treasury management, and a range of financial applications," the company said. The recognition of Circle's stablecoins is a game-changer, Ryan Lee, Chief Analyst at Bitget Research said in a statement. "This move enhances trust in stablecoins amid regional volatility, boosts Circle’s competitive stance against Tether’s USDT dominance, and could reshape the $157 billion stablecoin market by legitimizing USDC and EURC for broader use," Lee said.Dubai put in place rules for the crypto sector in 2022 that enabled firms to obtain a license and apply to get their tokens recognised. "Only recognized crypto tokens are permitted for use and promotion in the DIFC which is home to over over 6000 firms," Circle said. The DIFC is a financial centre which includes 77 countries. Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is a sea of red, with bitcoin trading at three-month lows under $88,000 and the CoinDesk 20 Index down more than 10% in 24 hours. There are several catalysts for the swoon, including risk-off sentiment in traditional markets and influence from memecoins, especially the recent trading in TRUMP and LIBRA.See all newslettersAs we discussed Monday, market makers attending the Consensus Hong Kong conference last week were worried the memecoin frenzy had sucked liquidity from the productive crypto sub-sectors, leaving the broad market vulnerable.Another reason is President Donald Trump's inaction. Although he made significant promises in the lead-up to the elections, concrete action has been scarce. The anticipated strategic BTC reserve remains absent, and even state-level reserves are proving challenging to implement."The industry is still waiting for this to manifest in a tangible way in the form of measures such as a mooted Bitcoin Strategic Reserve," Petr Kozyakov, co-founder and CEO at Mercuryo told CoinDesk. "In the meantime, sentiment has been hit hard by the biggest ever hack at the Bybit exchange, leaking 401,000 ETH, and a memecoin sector plagued with high-profile pump and dump schemes."Lastly, renewed concerns about the U.S. economy are zapping demand for riskier assets."There is also some concern about the slowdown in U.S. growth since last week's U.S. Services PMI release, the lowest in 22 months and consistent with GDP growth tracking at 0.6% only," Nansen's principal research analyst Aurelie Barthere said. "Our Nansen Risk Barometer also just turned Risk-off from Neutral today."Together, they sent BTC diving out of its two-month-long range play between $90,000 and $110,000. Technical analysis theory suggests it could drop to $70,000, though the maximum open interest in BTC put options listed on Deribit sits at the $80,000 strike, indicating that this level could provide some support.What could stabilize prices? Perhaps an announcement from Trump regarding a strategic reserve or a sharp reversal by the Nasdaq 100. However, that index has fallen below its 50-day SMA, while the yen, a risk-aversion signal, continues to strengthen against G7 currencies, including the dollar.The next major catalysts for risk assets are Nvidia's earnings on Feb. 26 and core PCE inflation on Feb. 28. Stay alert!AMA on RedditPascal hard fork network upgradeReactive Network mainnet launchCosmos (ATOM) network upgradeRedStone (RED) farmingcommunity AMA on DiscordSonic SVM (SONIC) mainnet launch (“Mobius”)Richmond Fed President Tom Barkin delivers a speechBTDRCIFRMARAreducing the Flash Mint fee to 0.5%establishment of a DYDX buyback program upgrading the protocol ETHDenver 2025HederaCon 2025Crypto Expo EuropeBitcoin AliveMoneyLIVE SummitWeb3 Amsterdam ‘25Next Block ExpoDC Blockchain Summit 2025Solana APEXBy Shaurya MalwaSource: Farside InvestorsBitcoin Slides Below $89K to 3-Month Low as Nasdaq Futures Dip, Yen Sparks Risk-Off Fears U.S. Bitcoin ETFs Post Year's 2nd-Biggest Outflows as Basis Trade Drops Below 5%USDe Issuer Ethena Labs Integrates Chaos Labs' Edge Proof of Reserves Oracles to Strengthen Risk ManagementForget MAGA, Investors Want MEGA: Make Europe Great AgainChina Learned to Embrace What the U.S. Forgot: The Virtues of Creative DestructionAsian Shares Slide as U.S. Curbs China Investment, Euro Gain Fades

The current price of HTX-BTC is $89270.86, with a drop of 6.80% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 724 million US dollars, with multiple orders being the main liquidation and BTC liquidation of 245 million US dollars (33.86%). The data is for reference only.

Click on this link to enter the live stream: https://meeting.tencent.com/p/5658778060 I feel a bit awkward when writing this article. We must once again clarify that Lao Guan had already mentioned this market trend at the weekly level two weeks ago. If the decision at the weekly level is valid, then the overall direction must be bearish. But for the weekly level, it belongs to a relatively large cycle, with each candlestick filling in the volatility of 7 trading days. We have been analyzing the market in detail for the past three weeks, and during this period, we have also provided short-term ideas for the market. Honestly, when we analyzed the market yesterday, we did believe that the price would have a first upward momentum and then a downward movement, because we see that the current position of the market is not enough to show a deep downward trend. But the fact is that the market has just taken a downward trend. This wave of decline met some people's expectations, and of course, it also broke some people's expectations, but I objectively looked at the current dual currency market from an outsider's perspective. I have this idea. First of all, at the current position on the big cake, it has basically touched the lower edge of the oscillation downward channel line we drew before. I will show you this on the wheat tonight. In this situation, the market may still have rebound behavior after touching the oscillation resistance. So at the daily level on the ether, the several key resistance lines we previously drew have also been successfully touched, and currently belong to the last key resistance line below. So on this basis, Ethereum also has a certain expectation of rebound. At this point, we are not trying to guide you to engage in bottom hitting, rebound, and bottom buying operations. Instead, we would like to warn you that based on the objective fluctuations of the current market, we are indeed at a critical juncture. It seems that Duojun has been pushed to a dead end, but there may still be a glimmer of hope. Of course, this hope is limited, or only limited to this trading day. So tonight, our focus is more on discussing with everyone whether the key resistance level below the current dual currency can be broken, and what direction the market should take if it breaks or not. QQ group number: 701829134 Aicoin group: https://aicoin.com/link/chat?cid=2ARLLeaoM Tencent Meeting Number: 5658778060 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.