Crypto News Today- 26th FEB : Bitcoin News, Pi Coin Price , Donald Trump Gold Cards

China is accelerating its legal studies on cryptocurrency as it maintains its ban on crypto trading and mining. A recent seminar in Beijing, led by law professor Yang Dong, focused on handling crypto in legal cases to improve the country’s regulatory framework. The seminar highlighted the need for better cooperation between judicial and regulatory agencies. While China enforces the ban, Hong Kong continues to welcome crypto firms.

On-chain platform Santiment has reported a significant increase in whale activity across several major projects during a dip buy day. The top coins with notable whale transfers in the past 24 hours include $DAI (on Arbitrum), $MATIC (on Ethereum), $FLOKI (on Ethereum), #USD0, $QNT, $RENDER, $USDC (on Arbitrum), $UNI, $AAVE, and $WBTC. For stablecoins, the activity suggests that whales are likely preparing to purchase other tokens, while for non-stable assets, it signals accumulation by key stakeholders who view the current price levels as a good buying opportunity.

Changpeng Zhao (CZ), former Binance CEO, reassured the crypto community that Bitcoin’s recent 8% dip won’t be the end for the cryptocurrency. Addressing concerns on social media, CZ emphasized that there’s no need to panic as Bitcoin remains a dominant force in the market, despite trading below $90,000. He also mocked bearish narratives, reminding followers that market volatility is normal and Bitcoin’s long-term potential remains strong.

Ripple whales triggered market concern by offloading 370 million XRP coins in just 96 hours, causing a 16% price drop from $2.5 to $2.1. This massive selloff on February 26, has raised fears of further declines amid heightened selling pressure. The market remains cautious, with broader economic volatility and the uncertain outcome of the SEC lawsuit adding to the bearish outlook.

Metro Departmental Store in Singapore has announced its partnership with dtcpay to accept stablecoin payments, becoming the first local department store to offer this innovative payment method. Customers can now use USDT, USDC, and WUSD to make purchases both in Metro’s physical stores and online. Additionally, FDUSD will be supported in the near future, further expanding the range of stablecoins available for transactions. This move reflects Metro’s commitment to embracing digital payment solutions and catering to the growing demand for cryptocurrency options.

OKX, the world’s third-largest crypto exchange, has released its 28th consecutive Proof of Reserves (PoR) report, showing a significant 59% year-over-year growth, with a total of $28.1 billion in reserve assets as of February 25, 2025. The report reveals that the exchange holds 128,000 BTC, reflecting a 1.59% increase from the last PoR on January 10, 2025. However, the reserve of 1.7 million ETH decreased by 4.44%. On the other hand, USDT reserves saw a notable 9.86% increase, reaching 8.54 billion, while USDC reserves rose by 11.52% to 1.3 billion.

Oklahoma’s Strategic Bitcoin Reserve Act (HB 1203) has cleared the House committee and now moves to a full House floor vote. If passed, the bill would allow the state to invest up to 10% of its public funds into Bitcoin or any digital asset with a market cap exceeding $500 billion. This marks a significant step in integrating Bitcoin into state financial reserves.

Senator Cynthia Lummis is gearing up for the first digital asset subcommittee hearing, marking a key step toward bipartisan crypto legislation. The hearing will feature expert testimonies shaping policy on market structure and stablecoins. Lummis emphasized the significance of this event, urging stakeholders to stay tuned for livestream details as discussions unfold on the future of digital asset regulation.

Binance will remove BNB/UAH and ETH/UAH spot trading pairs on Feb. 28, 2025, at 03:00 UTC due to low liquidity and trading volume. This delisting does not affect the availability of BNB and ETH, which remain tradable on other pairs. Spot Trading Bots for these pairs will also be terminated, and users are advised to update or cancel their bots to avoid potential losses.

Metaplanet has introduced BTC Gain and BTC ¥ Gain as key performance indicators alongside BTC Yield to improve transparency in its Bitcoin treasury strategy. BTC Gain measures Bitcoin growth without equity issuance, while BTC ¥ Gain expresses this in yen. As of February 25, BTC Yield stands at 23.2%, BTC Gain at +408.78 BTC, and BTC ¥ Gain at ¥5.334 billion, allowing shareholders to track capital efficiency and performance in Bitcoin and yen terms.

Bitcoin’s price has touched the $83-87K range, making today’s close crucial. A strong close above $87K, alongside green movement in altcoins, could mark the first step toward recovery. Market sentiment is at peak negativity, often a sign of a potential turnaround. Traders are closely watching Bitcoin’s next move for confirmation of a possible rebound.

Bitcoin is trading around $88,500 after hitting a low of $86,050, with bears eyeing $85,000 as the next support. Ethereum retested its key support at $2,359, with a close below signaling further downside to $2,125. XRP dropped nearly 12% this week, trading at $2.28, with bearish momentum persisting. Market sentiment remains cautious as RSI indicators suggest continued selling pressure.

The SEC has officially closed its investigation into Uniswap Labs without taking any enforcement action. The probe, which began with a Wells notice in April alleging Uniswap operated as an unregistered broker and exchange, has now ended. This marks a major victory for DeFi, reinforcing the legitimacy of decentralized protocols and their compliance with regulatory standards.

Matt Cole, CEO of Strive Asset Management, has urged GameStop to adopt Bitcoin as a reserve asset, citing its potential to transform the company’s financial future. In a letter to CEO Ryan Cohen, Cole highlighted GameStop’s $5 billion cash reserve and positioned Bitcoin as a superior hedge against inflation. He also suggested leveraging capital markets for funding, aligning GameStop with firms like MicroStrategy and MARA Holdings.

Bybit suffered a $1.5 billion Ethereum hack, prompting Mirana Ventures to deposit $600 million worth of ETH to support its recovery. Meanwhile, the hacker has started converting stolen ETH into Bitcoin through multiple transactions, utilizing platforms like Thorchain for asset bridging. The situation remains under close watch as Bybit works to stabilize operations and track the movement of stolen funds.

New entries in the SEC’s crypto task force meeting log reveal a notable addition—Better Markets, a group known for its critical stance on crypto. The meeting included Benjamin Schiffrin, Director of Securities Policy, marking the first known engagement with crypto skeptics. While no notes were included, the memo indicates discussions focused on regulatory approaches and fraud prevention in the crypto space.

While a forced liquidation of MicroStrategy ($MSTR) is technically possible, it remains highly unlikely due to its convertible note structure and Michael Saylor’s 46.8% voting power. However, a sharp drop in Bitcoin or $MSTR could hinder its ability to raise capital—a key pillar of its strategy. As the company faces its first bear market since 2024, the question remains: will investors keep buying the dip?

Bitcoin has outperformed all sectors in 2025, with major categories facing steep losses. AI frameworks suffered the biggest decline at -84.05%, followed by agents (-70.27%), memecoins (-51.74%), gaming infrastructure (-51.54%), and modular projects (-47.48%). This trend highlights Bitcoin’s resilience amid market downturns, while speculative and emerging sectors struggle to maintain value.