π Bitcoin Ends February in the Red
Bitcoin closed February negative, marking five consecutive red monthly closes β a pattern seen only once before, back in 2018. Notably, this is the first time in history that a losing January was followed by a losing February. π
Ethereum looks even weaker, closing its sixth straight red month.
Zooming out, the picture remains grim: over the last 15 months, 12 have closed in the red, underscoring prolonged downside pressure and investor fatigue. π€·
π The data highlights how deep and persistent the current drawdown has been, despite periodic short-term relief rallies.
Bitcoin closed February negative, marking five consecutive red monthly closes β a pattern seen only once before, back in 2018. Notably, this is the first time in history that a losing January was followed by a losing February. π
Ethereum looks even weaker, closing its sixth straight red month.
Zooming out, the picture remains grim: over the last 15 months, 12 have closed in the red, underscoring prolonged downside pressure and investor fatigue. π€·
π The data highlights how deep and persistent the current drawdown has been, despite periodic short-term relief rallies.
π2π2
π«Έ Bitcoin Community Rejects Code Rewrite Proposal
The crypto community quickly shut down a proposal by Mark Karpeles, the former CEO of Mt. Gox, to rewrite Bitcoinβs code in order to recover 79,956 BTC (worth over $5B at current prices). π°
Karpeles suggested βmovingβ the coins to compensate creditors, but Bitcoin developers and even some Mt. Gox victims firmly opposed the idea.
The core argument was simple and uncompromising:
If the rules can be changed once for $5B, then the fundamental principle βyour keys = your coinsβ stops being law.
βοΈ The reaction highlights Bitcoinβs core value β immutability over convenience, even at a massive financial cost.
The crypto community quickly shut down a proposal by Mark Karpeles, the former CEO of Mt. Gox, to rewrite Bitcoinβs code in order to recover 79,956 BTC (worth over $5B at current prices). π°
Karpeles suggested βmovingβ the coins to compensate creditors, but Bitcoin developers and even some Mt. Gox victims firmly opposed the idea.
The core argument was simple and uncompromising:
If the rules can be changed once for $5B, then the fundamental principle βyour keys = your coinsβ stops being law.
βοΈ The reaction highlights Bitcoinβs core value β immutability over convenience, even at a massive financial cost.
π4
π± AI Enters the Battlefield: Anthropic Linked to U.S. Strikes on Iran
According to the The Wall Street Journal, the U.S. allegedly used AI from Anthropic during military operations against Iran β for intelligence gathering, target selection, and combat simulations. πΉ
This came as a shock, since Anthropic had previously refused cooperation with the U.S. Department of Defense, publicly distancing itself from military use of its models. π€
Following the reports, the Pentagon labeled Anthropic a βnational security threat,β while Donald Trump urged all federal agencies to stop using Anthropicβs AI.
β οΈ Shortly after, Anthropic appeared to reverse course β suggesting that pressure from Washington may have forced compliance.
The episode highlights how quickly AI neutrality collapses when geopolitics and national security enter the equation. π€
According to the The Wall Street Journal, the U.S. allegedly used AI from Anthropic during military operations against Iran β for intelligence gathering, target selection, and combat simulations. πΉ
This came as a shock, since Anthropic had previously refused cooperation with the U.S. Department of Defense, publicly distancing itself from military use of its models. π€
Following the reports, the Pentagon labeled Anthropic a βnational security threat,β while Donald Trump urged all federal agencies to stop using Anthropicβs AI.
β οΈ Shortly after, Anthropic appeared to reverse course β suggesting that pressure from Washington may have forced compliance.
The episode highlights how quickly AI neutrality collapses when geopolitics and national security enter the equation. π€
π3π1π1
π War or Not, Bitcoin Buying Stays on Schedule
While markets react to global turmoil, Strategy keeps sticking to its plan. π
The company has purchased 3,015 BTC at an average price of $67,700 per coin. Its total holdings now stand at 720,737 BTC, acquired for $54.77B at an average price of $75,985. π°
π Once again, Strategy shows zero hesitation β steady accumulation, regardless of headlines.
While markets react to global turmoil, Strategy keeps sticking to its plan. π
The company has purchased 3,015 BTC at an average price of $67,700 per coin. Its total holdings now stand at 720,737 BTC, acquired for $54.77B at an average price of $75,985. π°
π Once again, Strategy shows zero hesitation β steady accumulation, regardless of headlines.
π5
π Markets Rally as U.S. Trading Opens
Bitcoin jumped 6% after the opening of U.S. trading, as markets reacted positively to the first session following the escalation in the Middle East. π
The rebound wasnβt limited to crypto. U.S. equities also opened strong, with S&P 500 and Nasdaq posting sharp gains, signaling a broad risk-on move across assets.
π‘ Despite geopolitical tensions, investors appear willing to buy the dip β at least for now.
Bitcoin jumped 6% after the opening of U.S. trading, as markets reacted positively to the first session following the escalation in the Middle East. π
The rebound wasnβt limited to crypto. U.S. equities also opened strong, with S&P 500 and Nasdaq posting sharp gains, signaling a broad risk-on move across assets.
π‘ Despite geopolitical tensions, investors appear willing to buy the dip β at least for now.
π5
π Bitcoin Correction Still βMildβ by Historical Standards
π According to CryptoQuant analyst Alex Adler, Bitcoinβs latest 47% correction looks relatively modest when compared to past cycles β where drawdowns exceeded 90%.
This observation supports the idea that Bitcoin market cycles are gradually smoothing out over time, with volatility decreasing as the asset matures.
Based on historical patterns, Adler suggests that a potential cycle bottom could form around 60β70% below the all-time high, rather than the extreme crashes seen in earlier years.
π‘ In short: the current pullback may feel painful, but by Bitcoinβs own history, itβs far from catastrophic.
π According to CryptoQuant analyst Alex Adler, Bitcoinβs latest 47% correction looks relatively modest when compared to past cycles β where drawdowns exceeded 90%.
This observation supports the idea that Bitcoin market cycles are gradually smoothing out over time, with volatility decreasing as the asset matures.
Based on historical patterns, Adler suggests that a potential cycle bottom could form around 60β70% below the all-time high, rather than the extreme crashes seen in earlier years.
π‘ In short: the current pullback may feel painful, but by Bitcoinβs own history, itβs far from catastrophic.
π3π1
π¦ New York Court Dismisses Lawsuit Against Uniswap
π A New York court has dismissed a class-action lawsuit against Uniswap, where plaintiffs tried to hold the platform responsible for scam tokens launched by third parties.
βοΈ The court ruled that the protocol itself is not liable for the quality, legitimacy, or intent of projects built on top of it. In other words, Uniswap provides infrastructure β not financial guarantees.
The case lasted four years, and the final decision is being seen as a major legal precedent for the crypto industry, reinforcing the idea that decentralized protocols are tools, not issuers.
π A win not just for Uniswap, but for DeFi as a whole.
π A New York court has dismissed a class-action lawsuit against Uniswap, where plaintiffs tried to hold the platform responsible for scam tokens launched by third parties.
βοΈ The court ruled that the protocol itself is not liable for the quality, legitimacy, or intent of projects built on top of it. In other words, Uniswap provides infrastructure β not financial guarantees.
The case lasted four years, and the final decision is being seen as a major legal precedent for the crypto industry, reinforcing the idea that decentralized protocols are tools, not issuers.
π A win not just for Uniswap, but for DeFi as a whole.
π2
πΉπ· Turkey Proposes 10% Crypto Income Tax
Turkeyβs ruling party AKP has submitted a bill to parliament introducing a tax on crypto income in Turkey. π
Under the proposal, regulated platforms would withhold 10% of usersβ crypto profits quarterly, regardless of whether the user is an individual or company, resident or non-resident. The President would have the authority to adjust the rate from 0% to 20%, depending on token type, holding period, and wallet category.
Additionally, service providers would face a 0.03% tax per transaction.
βοΈ If passed, the law would significantly tighten crypto taxation in Turkey and expand state control over digital asset income.
Turkeyβs ruling party AKP has submitted a bill to parliament introducing a tax on crypto income in Turkey. π
Under the proposal, regulated platforms would withhold 10% of usersβ crypto profits quarterly, regardless of whether the user is an individual or company, resident or non-resident. The President would have the authority to adjust the rate from 0% to 20%, depending on token type, holding period, and wallet category.
Additionally, service providers would face a 0.03% tax per transaction.
βοΈ If passed, the law would significantly tighten crypto taxation in Turkey and expand state control over digital asset income.
π2π1
π CryptoQuant: Short-Term Bitcoin Holders Stay Calm
According to CryptoQuant, the escalation of the Middle East conflict has not triggered panic among short-term Bitcoin holders. π§
On February 5β6, this group sold around 89,000 BTC at a loss, but since then selling pressure has been steadily declining. π
Despite rising military tensions involving Iran, there was no major spike in BTC inflows to exchanges, which typically signals fear-driven capitulation.
π Markets tend to stabilize once weak hands finish selling β and on-chain data suggests that this phase may be almost over.
π‘ Bottom line: headlines look scary, but short-term holders arenβt panicking β a potentially constructive sign for BTC.
According to CryptoQuant, the escalation of the Middle East conflict has not triggered panic among short-term Bitcoin holders. π§
On February 5β6, this group sold around 89,000 BTC at a loss, but since then selling pressure has been steadily declining. π
Despite rising military tensions involving Iran, there was no major spike in BTC inflows to exchanges, which typically signals fear-driven capitulation.
π Markets tend to stabilize once weak hands finish selling β and on-chain data suggests that this phase may be almost over.
π‘ Bottom line: headlines look scary, but short-term holders arenβt panicking β a potentially constructive sign for BTC.
π3
π Former LAPD Officer Convicted in $350K Bitcoin Kidnapping
βοΈ A court in Los Angeles has found a former police officer guilty of kidnapping a 17-year-old teenager in an attempt to steal $350,000 worth of Bitcoin.
According to prosecutors, the ex-officer and his accomplices wore fake police uniforms, broke into the victimβs apartment, and threatened him until they obtained a hard drive containing crypto assets and private keys. π
The defendant, who served 13 years with the Los Angeles Police Department, now awaits sentencing, which is scheduled for late March.
β οΈ The case highlights the growing risks of physical attacks tied to crypto custody, where private keys can become real-world targets.
βοΈ A court in Los Angeles has found a former police officer guilty of kidnapping a 17-year-old teenager in an attempt to steal $350,000 worth of Bitcoin.
According to prosecutors, the ex-officer and his accomplices wore fake police uniforms, broke into the victimβs apartment, and threatened him until they obtained a hard drive containing crypto assets and private keys. π
The defendant, who served 13 years with the Los Angeles Police Department, now awaits sentencing, which is scheduled for late March.
β οΈ The case highlights the growing risks of physical attacks tied to crypto custody, where private keys can become real-world targets.
π3π₯°2β€1πΎ1
38% of Altcoins Are at All Time Lows π
According to data from CryptoQuant, 38% of all altcoins are currently trading at their ATLs. π
Whatβs more alarming: the overall condition of the altcoin market is now worse than during the collapse of FTX.
π This highlights how deep and prolonged the current altcoin drawdown has become, with many projects still struggling to find demand.
According to data from CryptoQuant, 38% of all altcoins are currently trading at their ATLs. π
Whatβs more alarming: the overall condition of the altcoin market is now worse than during the collapse of FTX.
π This highlights how deep and prolonged the current altcoin drawdown has become, with many projects still struggling to find demand.
π1π1
π MARA Denies Plans for Major Bitcoin Sell-Off
πYesterday, The Block reported that U.S. miner MARA Holdings was reviewing its strategy and could potentially sell part of its 53,822 BTC treasury, raising concerns about possible market pressure.
π«Έ However, MARA quickly denied claims of a large-scale BTC sell-off, stating that reports about selling the majority of its Bitcoin reserves are not accurate.
π According to MARAβs 2026 10-K filing, the company is only expanding its treasury management strategy, meaning it may occasionally buy or sell BTC depending on market conditions and capital allocation priorities β not execute a mass liquidation.
For context, another miner, Core Scientific, has previously announced plans to sell all of its 2,500 BTC (~$170M) in Q1 2026 to fund a pivot toward AI infrastructure. π€
So, MARA stays flexible, not bearish β while some miners are clearly choosing different paths.
πYesterday, The Block reported that U.S. miner MARA Holdings was reviewing its strategy and could potentially sell part of its 53,822 BTC treasury, raising concerns about possible market pressure.
π«Έ However, MARA quickly denied claims of a large-scale BTC sell-off, stating that reports about selling the majority of its Bitcoin reserves are not accurate.
π According to MARAβs 2026 10-K filing, the company is only expanding its treasury management strategy, meaning it may occasionally buy or sell BTC depending on market conditions and capital allocation priorities β not execute a mass liquidation.
For context, another miner, Core Scientific, has previously announced plans to sell all of its 2,500 BTC (~$170M) in Q1 2026 to fund a pivot toward AI infrastructure. π€
So, MARA stays flexible, not bearish β while some miners are clearly choosing different paths.
β€4π2
πΉ Global Currency Devaluation Since 2000
π According to data from FRED and the World Bank, major national currencies have lost a significant share of their purchasing power over the past few years:
π―π΅ Japanese yen: β51%
πͺπΊ Euro: β74%
π¬π§ British pound: β76%
πΊπΈ U.S. dollar: β79%
π¨π³ Chinese yuan: β96%
π Put simply: if we take the purchasing power of currencies in 2000 as 100, then by 2025 it dropped to 49 for the yen, 26 for the euro, 24 for the pound, 21 for the dollar, and just 4 for the yuan.
πΈ The takeaway is clear: long-term currency debasement isnβt a theory β itβs measurable data, and it keeps accelerating.
π According to data from FRED and the World Bank, major national currencies have lost a significant share of their purchasing power over the past few years:
π―π΅ Japanese yen: β51%
πͺπΊ Euro: β74%
π¬π§ British pound: β76%
πΊπΈ U.S. dollar: β79%
π¨π³ Chinese yuan: β96%
π Put simply: if we take the purchasing power of currencies in 2000 as 100, then by 2025 it dropped to 49 for the yen, 26 for the euro, 24 for the pound, 21 for the dollar, and just 4 for the yuan.
πΈ The takeaway is clear: long-term currency debasement isnβt a theory β itβs measurable data, and it keeps accelerating.
π4π₯1π1
Buterin: DeFi Alone Isnβt Enough π€
π€Vitalik Buterin argues that having βperfect DeFiβ is not enough. In a world of surveillance, wars, and corporate pressure, Ethereum has not yet become a true tool for protecting people β unlike technologies such as Starlink or Signal.
π He proposes a new focus: βrefuge technologiesβ β digital spaces with no owner, where rules and agreements exist without anyoneβs permission.
The goal isnβt to compete with Big Tech, but to build a full freedom ecosystem: wallets, AI interfaces, software, hardware, and even physical security β aimed at users far beyond the crypto bubble.
π Ethereumβs next challenge may not be better finance, but becoming real digital shelter.
π€Vitalik Buterin argues that having βperfect DeFiβ is not enough. In a world of surveillance, wars, and corporate pressure, Ethereum has not yet become a true tool for protecting people β unlike technologies such as Starlink or Signal.
π He proposes a new focus: βrefuge technologiesβ β digital spaces with no owner, where rules and agreements exist without anyoneβs permission.
The goal isnβt to compete with Big Tech, but to build a full freedom ecosystem: wallets, AI interfaces, software, hardware, and even physical security β aimed at users far beyond the crypto bubble.
π Ethereumβs next challenge may not be better finance, but becoming real digital shelter.
π4π₯1
Crypto soothsayer
πΉ Global Currency Devaluation Since 2000 π According to data from FRED and the World Bank, major national currencies have lost a significant share of their purchasing power over the past few years: π―π΅ Japanese yen: β51% πͺπΊ Euro: β74% π¬π§ British pound: β76%β¦
π€ AI Chooses Bitcoin Over Fiat
π A new study by the Bitcoin Policy Institute tested 36 AI models from major labs, treating them as autonomous economic agents across 28 financial scenarios.
Results were striking:
β 22 of 36 models chose BTC as their preferred form of money
β Zero models picked fiat as a first choice
β Bitcoin was most often selected as a store of value
β Stablecoins were preferred for payments and settlements
The research included models from OpenAI, Anthropic, Google, DeepSeek, xAI, and MiniMax.
π‘ When machines analyze money purely by rules, incentives, and constraints β they donβt trust fiat.
π A new study by the Bitcoin Policy Institute tested 36 AI models from major labs, treating them as autonomous economic agents across 28 financial scenarios.
Results were striking:
β 22 of 36 models chose BTC as their preferred form of money
β Zero models picked fiat as a first choice
β Bitcoin was most often selected as a store of value
β Stablecoins were preferred for payments and settlements
The research included models from OpenAI, Anthropic, Google, DeepSeek, xAI, and MiniMax.
π‘ When machines analyze money purely by rules, incentives, and constraints β they donβt trust fiat.
π4β€2π―1
π₯ $400M in Shorts Wiped Out as Bitcoin Spikes
Bitcoin liquidated over $400 million in short positions after a sharp move up to $73,000, right after the U.S. stock market opened. π
At the peak of the move, spot buying pressure surged, with BTC purchase volume on exchanges jumping to $121.6M in a short time, fueling the squeeze.
Thereβs also speculation that capital flows may be coming from Iran, where some investors could be moving into BTC to protect their wealth amid escalating uncertainty, according to reports echoed by Bitcoin Magazine. π§
Bitcoin liquidated over $400 million in short positions after a sharp move up to $73,000, right after the U.S. stock market opened. π
At the peak of the move, spot buying pressure surged, with BTC purchase volume on exchanges jumping to $121.6M in a short time, fueling the squeeze.
Thereβs also speculation that capital flows may be coming from Iran, where some investors could be moving into BTC to protect their wealth amid escalating uncertainty, according to reports echoed by Bitcoin Magazine. π§
π4π1
π Bitcoin Open Interest Jumps Sharply
π Bitcoinβs open interest surged by $4.24B in a single day, marking an 18% increase β the largest daily rise over the past year, according to CryptoQuant.
π Such a rapid expansion in open interest usually signals fresh leverage entering the market, setting the stage for higher volatility in the short term.
π‘ Whether this turns into continuation or a shakeout will depend on who gains control next β bulls or bears.
π Bitcoinβs open interest surged by $4.24B in a single day, marking an 18% increase β the largest daily rise over the past year, according to CryptoQuant.
π Such a rapid expansion in open interest usually signals fresh leverage entering the market, setting the stage for higher volatility in the short term.
π‘ Whether this turns into continuation or a shakeout will depend on who gains control next β bulls or bears.
π5π1
π¨ $23.6M Crypto βWrench Attackβ Shocks the Community
A crypto investor was violently extorted for $23.6M, according to on-chain data shared by Lookonchain. The victim, influencer Sillytuna, was reportedly held at gunpoint and forced to transfer funds to attackers. π«π₯·
π΅ The stolen assets included $23.6M in aEthUSDC, most of which has already been converted into $20.34M DAI. A smaller portion was bridged to Arbitrum and then deposited into Hyperliquid, reportedly to buy privacy-focused assets.
After the incident, Sillytuna stated he is leaving crypto permanently, highlighting a growing threat:
β οΈ The industry now faces not only hackers, but real-world physical attacks.
π Self-custody brings freedom β but also very real offline risks.
A crypto investor was violently extorted for $23.6M, according to on-chain data shared by Lookonchain. The victim, influencer Sillytuna, was reportedly held at gunpoint and forced to transfer funds to attackers. π«π₯·
π΅ The stolen assets included $23.6M in aEthUSDC, most of which has already been converted into $20.34M DAI. A smaller portion was bridged to Arbitrum and then deposited into Hyperliquid, reportedly to buy privacy-focused assets.
After the incident, Sillytuna stated he is leaving crypto permanently, highlighting a growing threat:
β οΈ The industry now faces not only hackers, but real-world physical attacks.
π Self-custody brings freedom β but also very real offline risks.
π4β€1β1
β οΈ Google Warns of New iPhone Crypto Theft Attack
π΅οΈββοΈ Security researchers at Google have uncovered a powerful exploit toolkit called Coruna, designed to steal crypto by hacking iPhones via fake crypto websites.
The toolkit reportedly includes 5 exploit chains and 23 iOS vulnerabilities, some of them previously unknown. The attack is triggered simply by visiting phishing sites (such as cloned exchanges).
Once infected, the malware scans the device for:
β’ seed phrases stored in notes
β’ banking data
β’ crypto apps and wallets
π§ Experts believe developing such a tool could have cost millions of dollars, and its origin is now being actively debated in the cybersecurity industry.
π Key takeaway: even mobile devices arenβt safe. Avoid storing seed phrases digitally and double-check URLs β one click can cost everything.
π΅οΈββοΈ Security researchers at Google have uncovered a powerful exploit toolkit called Coruna, designed to steal crypto by hacking iPhones via fake crypto websites.
The toolkit reportedly includes 5 exploit chains and 23 iOS vulnerabilities, some of them previously unknown. The attack is triggered simply by visiting phishing sites (such as cloned exchanges).
Once infected, the malware scans the device for:
β’ seed phrases stored in notes
β’ banking data
β’ crypto apps and wallets
π§ Experts believe developing such a tool could have cost millions of dollars, and its origin is now being actively debated in the cybersecurity industry.
π Key takeaway: even mobile devices arenβt safe. Avoid storing seed phrases digitally and double-check URLs β one click can cost everything.
π4πΎ2π1