I. Crypto Market Overview

Key Takeaways

1.

Macro Environment

US January PPI rose 0.5% MoM, exceeding forecasts and signaling persistent inflation, which may delay Fed rate cuts. US margin debt hit a record $1.28 trillion, amplifying market volatility risks. Regulatory scrutiny intensifies as the US investigates Binance and seizes $580M in crypto from scam networks.
2.

Crypto Market

The crypto market declined sharply in the past 12 hours, with BTC down 3.0% to $66,058 and ETH falling 5.6% to $1,949, pressured by $8.7B in BTC/ETH options expiry and inflation data. Most altcoins dropped, but Decred (+10.3%), LayerZero (+6.1%), and Canton Network (+3.9%) outperformed, driven by supply dynamics, institutional adoption, and cross-chain integration.
3.

Today's Outlook

Key events today include the release of US January PPI and Canada Q4 GDP data, alongside the expiry of $8.7B in BTC and ETH options, which may drive significant volatility and directional moves across the crypto market.
Fear and Greed Index
86.00% Annual Percentile
16 Fear
Total Crypto Market Cap
$2.29T
2.55%
Total Market Trading Volume
$108.48B
16.34%
Altcoin Season Index
41.67%
Quarterly Percentile
34 / 100
Total Futures Market Open Interest
3.00B
7.35%
Futures
375.43B
7.18%
Perpetuals

II. Industry Updates

Macro-economic Policies

1.

The U.S. Producer Price Index (PPI) for January rose 0.5% month-over-month, exceeding expectations and signaling persistent inflationary pressures. This data may delay anticipated Fed rate cuts, potentially strengthening the U.S. dollar and increasing volatility in BTC and DeFi markets.

2.

Bitcoin and Ethereum options worth $8.7 billion are set to expire today, which could trigger significant market volatility. Large expiries often lead to sharp price swings, impacting BTC spot prices and DeFi liquidity pools.

3.

U.S. margin debt reached a record $1.28 trillion in January, reflecting increased leverage in financial markets. Elevated margin levels can amplify crypto market volatility, especially during risk-off events, affecting BTC and altcoin price stability.

Cryptocurrency Regulatory Trends

1.

The U.S. Crypto Fraud Strike Force has seized $580 million in crypto from Southeast Asian scam networks, signaling intensified enforcement and raising compliance risks for cross-border crypto flows.

2.

Minnesota lawmakers have introduced a bill to ban all cryptocurrency self-service kiosks, reflecting growing regulatory scrutiny and potentially reducing retail crypto access in the state.

3.

The UK Gambling Commission will evaluate the use of cryptocurrency for betting payments, aligning with the FCA's upcoming crypto asset regulations and potentially expanding regulated crypto use cases.

4.

U.S. Senators have launched an investigation into Binance over alleged $1.7 billion in transactions linked to Iran, increasing regulatory pressure on major exchanges and impacting market confidence.

Trending Tokens

1.

Decred (DCR): Decred surged 9.9% in 24h with $16M volume, driven by shrinking circulating supply and strong whale accumulation, defying the broader market downturn.

2.

LayerZero (ZRO): LayerZero rose 6.0% in 24h with $111M volume, boosted by Cardano integration and institutional support for its new Zero blockchain, attracting cross-chain liquidity.

3.

Canton Network (CC): Canton Network gained 4.4% in 24h with $291M volume, fueled by major institutional adoption for tokenized repo and cross-border asset settlement, including DTCC and JPMorgan partnerships.

Smart Money Movements

1.

BlackRock withdrew 4,309 BTC worth $289.59 million from Coinbase within one hour, signaling continued institutional accumulation.

2.

A mysterious wallet swapped 5,263 ETH, valued at $10.4 million, for 2,000 XAUT via NEAR Intents, highlighting a significant move into tokenized gold.

3.

Matrixport deposited 750 BTC, approximately $50.89 million, into Binance, reflecting active repositioning by a major crypto financial firm.

4.

A whale transferred 2,000 BTC worth $136 million from BitGet to an unknown wallet, drawing attention to large-scale Bitcoin movements.

5.

$100 million USDT was transferred from AAVE to HTX, underscoring ongoing liquidity management among major market participants.

Events to Watch

Feb 27 (Fri)

U.S. January PPI and Canada Q4 GDP data releases; $8.7B in Bitcoin and Ethereum options expire, impacting market volatility.

Mar 1 (Sun)

SUI will unlock 48.87 million tokens; Pi Network faces protocol upgrade deadline; Crypto Expo Europe opens in Bucharest.

Mar 2 (Mon)

Bakkt closes $48.125M direct offering; Blockchain Showcase on Capitol Hill highlights real-world blockchain adoption.

Mar 3 (Tue)

U.S. Non-Farm Payrolls and Unemployment Rate for February released, providing key labor market insights.

III. Phemex Market Focus

New Listings

1.

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Phemex Promotions

1.

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2.

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3.

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