Gate Insights and Crypto Market Analysis

On February 25, 2026, DeFAI Holdstation in Vietnam suffered a significant supply chain attack resulting in a loss of 462,000 USDT. The breach targeted the application's infrastructure, modifying the JavaScript file to insert malware. Holdstation pledged a 100% refund to affected users and emphasized the importance of securing distribution layers in software.

The intersections of Artificial Intelligence (AI) and Decentralized Finance (DeFi) are quickly developing into a new frontier for innovation within Web3. Writeonix and TomaTok are teaming up to simplify the complexities of the Web3 landscape. Writeonix simplifies AI for everyone, while TomaTok has d

The market value of tokenized U.S. Treasury bonds is projected to reach $10.8 billion by 2026, a 50-fold increase over two years, primarily driven by the launch of BlackRock's BUIDL fund. DTCC also plans to introduce tokenization services, indicating that traditional financial institutions are beginning to enter the space and boosting market confidence. Tokenized U.S. Treasuries offer 24-hour liquidity and provide greater flexibility and efficiency compared to traditional bonds.

Kalshi, a regulated prediction market platform, announced on February 25, 2026, that it has fined Artem Kaptur, a visual effects editor for YouTube creator MrBeast, more than $20,000 and suspended him for two years for allegedly using non-public information about upcoming video content to execute "near-perfect" trades.

Frontier AI developer Anthropic has publicly accused three Chinese AI labs—DeepSeek, Moonshot, and Minimax—of conducting distillation attacks aimed at siphoning capabilities from Claude, Anthropic’s large language model. In a detailed blog post, the company describes campaigns that allegedly

Mexican billionaire Ricardo Salinas Pliego calls on investors to buy the dip during Bitcoin corrections, emphasizing that Bitcoin is an effective tool against inflation. He has shifted 70% of his investments into Bitcoin, believing in its significant potential for appreciation. Additionally, Kiyosaki has increased his Bitcoin holdings during the downturn, viewing it as an important asset allocation. Both parties mention that market panic is the best buying opportunity, but caution that investments should be carefully assessed for risks.

Trump did not mention cryptocurrencies in his State of the Union address, instead emphasizing artificial intelligence and tariff policies, indicating that the government is deprioritizing cryptocurrencies. Additionally, persistent high inflation and unstable tariff policies pose structural obstacles to the Federal Reserve's interest rate cut plans, creating a negative impact on the crypto market.

Nvidia (NASDAQ: NVDA) reported fourth-quarter fiscal 2026 revenue of \$68.1 billion on February 25, exceeding analyst expectations of \$66.2 billion, with adjusted earnings per share of \$1.62 beating estimates of \$1.53. The company's data center revenue surged 75% year-over-year to a record \$62.3 billion, driven by sustained demand for its Blackwell AI platforms, as Nvidia issued Q1 revenue guidance of \$78 billion that surpassed Wall Street forecasts of \$72.9 billion.

Shiba Inu experienced a death cross amid rising selling pressure, dropping to $0.00000590 before a slight rebound. Analysts identify resistance at $0.00000733 and $0.00000968, with the token's movement influenced by overall market sentiment and liquidity.

Written by: 0xjs@Golden Finance Do you remember the Luna/UST crash in May 2022, when the market cap exceeded $40 billion and collapsed within 5 days? (Refer to Golden Finance's previous report "Recap of the LUNA Brother's Crash Moment") The Luna crash, combined with the subsequent collapse of Three Arrows Capital by Suzhu in the second half of 2022 and the bankruptcy of SBFFTX, directly triggered the crypto winter of 2022-2023. While Luna's collapse was partly due to its mechanism design, the latest documents reveal that Wall Street high-frequency trading giant Jane Street is the hidden hand behind this financial game. They obtained insider information from Terraform Labs, triggered Luna's crisis, profited immensely, and exited unscathed.

Hut 8 reported a net loss of $248 million in 2025, mainly due to unrealized digital asset losses, despite a 45% increase in annual revenue to $235.1 million. The company successfully transitioned into an AI infrastructure developer, signing a $7 billion leasing agreement with Fluidstack, demonstrating long-term growth potential. The stock price still rose over 300% despite the losses.

On February 25th, XRP price rebounded to $1.4335, an increase of 6.27%, driven by the inflow of U.S. cryptocurrency ETF funds, progress in the Market Structure Bill, and positive NVIDIA earnings reports. Analysts predict that if legislation proceeds smoothly, XRP could surge to $2 in the medium term. Market sentiment remains influenced by multiple factors, including the Bank of Japan's policies and overall market liquidity.

Matt Western, chairman of the UK's National Security Strategy Committee, calls for a temporary ban on cryptocurrency donations to political parties due to foreign interference concerns. He urges stricter regulations and the establishment of a national police force to oversee political finances.

NVIDIA reports Q4 FY2026 results, with quarterly revenue reaching a record $68.127 billion, up 73% year-over-year; full-year revenue of $215.938 billion, up 65% year-over-year. Q4 net income was $42.96 billion, an increase of 94%. Looking ahead to Q1 FY2027, revenue is expected to be around $78 billion, indicating the impact excluding Chinese data centers. The Vera Rubin platform will help meet the growing demand for AI computing and strengthen market position.

NVIDIA's upcoming earnings report not only concerns its own performance but also will impact the global AI industry and the crypto market. Analysts expect better-than-expected results, but market sensitivity to surprises has decreased. NVIDIA's performance fluctuations are directly linked to cryptocurrencies, reflecting macroeconomic sentiment. Additionally, the software industry is facing a structural crisis, and investors should pay attention to key signals in the earnings report to navigate potential market volatility and risks.

Pi Network (PI) tokens are currently priced above $0.1600. Recently, due to supply pressure, 32.26 million tokens are set to be unlocked in February and 154 million tokens in March, which may increase selling pressure. Technical analysis indicates that $0.1533 is an important support level; if broken, it could face risks, while a rebound could see prices rise to levels like $0.1749. The actions of holders will influence the actual market impact of the unlocks.

Bybit's report on Crypto Derivatives Analytics highlights extreme positioning in the derivatives market following a recent flash crash of BTC. Short-term volatility for BTC and ETH surged, while Bitcoin dropped about 50% from its October 2025 peak, leading to widespread capital withdrawal across the market.

In February, Ethereum inflow to exchanges significantly dropped to $56.1 billion, the lowest in a year. This indicates a shift in investor behavior, with fewer individuals moving ETH to centralized exchanges. While absolute values remain high, they reflect a cooling market activity compared to previous peaks.

Ethereum co-founder Vitalik Buterin has sold 15,479 out of 16,384 ETH, achieving a completion rate of 94%, totaling approximately $30.94 million. The proceeds will be used for privacy technology, open-source hardware, and security software. Due to the decline in ETH prices and low staking yields, market pressure continues to build.

Tether Investments made a strategic investment in Whop.com on February 25th, aiming to integrate Tether's Wallet Development Kit (WDK) into the Whop platform, enabling its creators and users to make global payments using stablecoins. Whop has 18.4 million users and an annual revenue of approximately $3 billion, with a 25% increase in transaction volume in the latest quarter. This partnership will promote the use of stablecoins in everyday commercial scenarios and support Whop's expansion into the global market.