News

PANews reported on February 27th that, according to Crowdfund Insider, Citigroup announced plans to launch a Bitcoin custody solution for institutional clients later in 2026, embedding Bitcoin directly into its core banking operations. The new platform will extend traditional tax reporting, regulatory compliance, and risk management processes to Bitcoin holdings, allowing investors to manage their Bitcoin positions within a unified system just like they would manage stocks or bonds. The platform supports 24/7 operation, SWIFT global transfers, and API connectivity, and is designed for institutional participants such as pension funds and insurance companies. The bank will build its own technology stack, including the Citigroup Integrated Digital Asset Platform, initially launching core custody functionality and gradually expanding to advanced services that enhance asset segregation and collateral management.

PANews reported on February 27th that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $212 million in the past 24 hours, including $150 million in long positions and $61.806 million in short positions. The total liquidation amount for BTC was $67.7383 million, and for ETH it was $64.8463 million.

BlockBeats news, February 28, the yield on the 30-year U.S. Treasury bond fell to 4.63%, the lowest level since October last year. (Jin10)

BlockBeats news, February 28, according to market reports: After losing in the Supreme Court, Trump faces 2,000 tariff lawsuits. Over 100 companies have already filed new lawsuits.

Deep Tide TechFlow news, on February 27th, according to Blockspace reports, NFT trading platform Magic Eden plans to shut down its Bitcoin and EVM markets and terminate its multi-chain wallet service. Informed sources revealed that Magic Eden will announce this decision as early as this Friday and plans to close the Bitcoin and EVM markets in the first week of March. Subsequently, its multi-chain wallet will enter export-only mode in mid-March and completely cease service in early April.It is reported that Magic Eden will continue to support Solana NFTs and assets, indicating the company is returning to its original Solana ecosystem. Previously, Magic Eden was the leading marketplace for Bitcoin Ordinals (a Bitcoin-specific NFT standard) and once became the world's largest NFT platform by trading volume.Magic Eden CEO Jack Lu previously stated that the company is shifting from the NFT marketplace to the "crypto entertainment" space, exploring new directions such as prediction markets.

Deep Tide TechFlow news, February 27th, FTX founder Sam Bankman-Fried (SBF) posted on his X account stating, "The biggest issue in the cryptocurrency field is:Will AI use it?Suppose an instance of ChatGPT or Claude requires more computational resources.Does it support wire transfer, credit card, or cryptocurrency payment?On one hand, traditional financial models are not suitable for AI.For example—how do they undergo KYC verification? They don't have passports, addresses, social security numbers, or even names.Cryptocurrency works much better—it is inherently digital, permissionless, and AI can already query the blockchain, etc.On the other hand, we might see a 'proxy' model:Each AI is considered an agent of a specific human, with that human responsible for KYC verification, accountable for the AI's actions, etc.This raises a related question: Who should bear the legal responsibility for AI's actions?Regardless, to integrate AI into trading and payment fields, some work still needs to be done. This work is either natively digital and cryptocurrency-based, or relies on human 'controllers' to manage the AI.Its direction has a huge impact on the world.One of these is the future of cryptocurrency."

PANews reported on February 27th that Block, a US fintech company, is laying off 4,000 employees, nearly half of its workforce. The company is betting on artificial intelligence to transform future labor productivity. Following the layoffs, Block's stock price surged 22% in after-hours trading. Since 2024, Block has been restructuring its business model and staffing due to its lagging stock performance. Simultaneously, the company has invested heavily in developing AI tools to improve operational efficiency, including its own tool called Goose. In a letter, founder Jack Dorsey wrote, "Intelligent tools have redefined how we create and run companies. We've already seen this change within the company. A significantly smaller team, using the tools we've developed, can get more done and do it better."

PANews reported on February 27 that, according to The Information, Meta has signed a multi-year agreement to lease Google's TPUs for training new AI models; Google has also established a joint venture to lease out TPUs and is in talks with Meta to purchase TPUs for its data centers as early as 2027.

BlockBeats News, February 27th – According to Blockspace citing sources, Magic Eden will shut down its Bitcoin and EVM markets and discontinue support for its multi-chain wallet.Sources stated that Magic Eden is expected to announce a phased exit from the related businesses as early as Friday, with its Bitcoin and EVM markets closing in the first week of March.Shortly thereafter, Magic Eden also plans to terminate its cross-chain wallet service. The wallet will enter an asset-export-only mode by mid-March and fully cease operations in early April. Sources clarified that Magic Eden will continue to support NFTs and assets on Solana.

BlockBeats News, February 27th, FTX founder SBF posted on social media stating, "The biggest issue facing cryptocurrency is: Will AI use it? Suppose a ChatGPT instance or Claude needs more computing power, will it pay via wire transfer, credit card, or use cryptocurrency. The traditional financial system has inherent barriers for AI payments—AI lacks a passport, address, social security number, or even a name, making it impossible to complete KYC (Know Your Customer) processes. In contrast, cryptocurrency is inherently digital and permissionless; AI can directly access the blockchain, making it more suitable as an AI payment method.Another possibility is the 'agent model': each AI is considered an agent of a person, with that person completing KYC and being responsible for the AI's actions. This model also presents legal challenges, such as who will be held accountable for the AI's behavior. Regardless of the approach, integrating AI with trading and payment systems requires significant effort, either building on native digital and cryptocurrency foundations or relying on human 'masters' to manage the AI's financial activities.Either way, some work is needed to connect the world of AI with the world of transactions and payments. Either this work itself is digital and cryptocurrency-based, or it depends on the AI's human 'masters.' Its direction of development has significant implications for the entire world. One of these implications is the future of cryptocurrency."