Tariff shocks led to a capital rotation from crypto into precious metals and tokenized commodities, as analysts warn that the thin crypto market liquidity is limiting a wider recovery. Shrinking crypto market liquidity is a concerning sign for crypto asset valuations, as investors gravitate towards safe-haven assets like precious metals amid growing global trade uncertainty. The stagnating stablecoin supply is presenting a “notable headwind” for Bitcoin (BTC) and the broader crypto ecosystem, according to Matrixport. “Stablecoins serve as the primary liquidity rail within digital assets and stagnation in supply often signals that capital is being off-ramped back into fiat rather than redeployed within crypto markets,” said the digital asset platform in a Tuesday X post. The stablecoin supply has fallen by $5.6 billion year-to-date, from $159 billion on Jan. 1, to $153.4 billon on Tuesday, according to analytics platform CryptoQuant. Stablecoin reserves on the leading crypto exchange, Binance, also shrank by ...
Russian authorities claim the Telegram messenger refused to remove 155,000 channels flagged for illegal content, according to multiple media reports. Update (Feb. 24, 7:40 pm UTC): This article has been updated to include Pavel Durov’s statement. Russian authorities have opened a criminal investigation into Telegram co-founder and CEO Pavel Durov, according to state media reports. Durov is being investigated in Russia as part of a criminal case involving allegations of facilitation of terrorist activities, official state publication Rossiyskaya Gazeta reported on Tuesday, citing the Federal Security Service (FSB). Read more
Hashgraph Group has launched a blockchain-based supply-chain traceability solution ahead of the EU’s Digital Product Passport requirements, some of which take effect beginning in 2027. Update Feb. 24, 1:28 pm UTC: This article has been updated to include a comment from a spokesperson for the Hashgraph Group. The Hashgraph Group, a Swiss technology company building on the Hedera network, launched TrackTrace, a platform designed to help companies prepare for upcoming European Union product-compliance requirements tied to digital product passports. TrackTrace is designed to improve supply-chain visibility by tracking goods and recording product data, including emissions-related information, in a way that can be used for compliance reporting and authenticity checks, the company said in a Tuesday announcement. Read more