The largest long position on the previous chain HYPE, "Loracle," continues to take profits, with monthly gains reaching $20 million.

USDT market capitalization declines for two consecutive months; weakening stablecoin liquidity may hinder Bitcoin and the crypto market recovery

February 25 News, the world's largest stablecoin USDT's market capitalization has once again shown signs of contraction, declining for the second consecutive month, prompting a reassessment of liquidity and capital strength in the crypto market. The latest data shows that USDT's market cap has decreased by approximately 0.8% this month to $183.6 billion, a significant pullback from the previous all-time high of $186.8 billion, continuing the downward trend from January. This consecutive shrinking is relatively rare since the stablecoin trust crisis in 2022, leading to a more cautious market sentiment. Stablecoins have long been regarded as the "capital reservoir" of the crypto market, with their size changes often directly reflecting off-chain capital inflows or outflows. Analyst Rachael Lucas pointed out that a reduction in stablecoin supply usually indicates a decline in market purchasing power. When liquidity tightens, the upward momentum of mainstream assets is also suppressed. The current weakening of USDT's market cap has been interpreted by some institutions as an important signal that capital has not yet flowed back into crypto assets on a large scale.

Vitalik Buterin reduces holdings by 17,000 ETH, with a 37% monthly decline. Ethereum's selling pressure and staking yields both decline, exerting dual pressure.

On February 25, news reports indicate that as Ethereum's price has declined approximately 37% this month, market attention has shifted to Vitalik Buterin's on-chain fund movements. On-chain data platform Arkham Intelligence shows that Buterin-related wallets held about 241,000 ETH in early February, but this has recently decreased to approximately 224,000 ETH, with continuous outflows during this period, totaling a reduction of nearly $43 million in a single month, adding additional disturbance to ETH market sentiment. On-chain records indicate that this batch of Ethereum was not sold off in a single large transaction but was gradually exchanged through decentralized aggregated trading methods, a typical slippage reduction strategy. This pace suggests that selling pressure is being released gradually rather than causing short-term liquidity shocks. Meanwhile, Ethereum's price has fallen back to around $1,900, with the weak trend resonating with ongoing fund outflows, intensifying investors' cautious outlook on the short-term trend.

Tron Inc. increased holdings by 177,493 TRX, with total holdings exceeding 683.5 million tokens

Odaily Planet Daily reports that Tron Inc. (NASDAQ: TRON) announced on the X platform that the company purchased 177,493 TRX today at an average price of $0.28, increasing its total TRX treasury holdings to over 683.5 million. Tron Inc. stated that it plans to continue increasing its Tron DAT holdings in the future. The company also disclosed that the on-chain TRX treasury wallet address can be checked for balance changes on the blockchain explorer.

River Report: Bitcoin adoption remains out of the bear market, institutional holdings reach 829,000 coins

Financial services firm River released its annual Bitcoin adoption report on Tuesday, noting that despite BTC prices dropping more than 50% from all-time highs, the adoption rate of Bitcoin among institutions, banks, merchants, and sovereign governments is still experiencing significant growth in 2025. The report explicitly states: "Bitcoin's mainstream adoption has not entered a bear market," emphasizing that the speed and breadth of adoption growth have far exceeded market expectations for price movements, and Bitcoin is solidifying its position as a mature global asset class.

MicroStrategy Becomes Wall Street’s Most Shorted Stock at $4.8B

_MicroStrategy becomes the most shorted US stock with $4.85B in short interest, about 11% of market cap, after $3.2B short profits last year._ MicroStrategy, led by Executive Chairman Michael Saylor, has become the most shorted stock on Wall Street. Data shows that the net short position in $M

Bitcoin price fluctuates but adoption hits new highs: institutions, banks, and countries accelerate BTC reserve deployment

February 25 News, financial services firm River's latest report shows that although Bitcoin prices have fallen about 50% from their all-time high, the global adoption rate of Bitcoin continues to rise in 2025. Institutions, banks, publicly listed companies, and sovereign funds are accelerating their BTC allocations, driving Bitcoin's gradual transition toward a mainstream store of value. The report indicates that the growth rate of Bitcoin trustworthiness has surpassed that of most traditional assets, and its adoption process remains in an expansion phase rather than entering a recession cycle. Data shows that by 2025, institutions will hold approximately 829,000 BTC, including corporate balance sheets, government reserves, funds, and related financial products. Registered investment advisors have been net accumulating Bitcoin for eight consecutive quarters, with an average quarterly inflow of about $1.5 billion into related asset allocations over the past two years, demonstrating that long-term capital is continuously entering the digital asset market through compliant channels. Meanwhile, about 60% of large US banks are developing Bitcoin custody, investment, and payment-related products, benefiting from a clearer crypto regulatory environment.