Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

On February 25, Huma Finance announced that eligibility checks for its Q3 airdrop are now open.

Crypto exchange Kraken announced on February 25 the launch of Flexline, its asset-backed lending service for Kraken Pro traders. The service enables users to borrow liquidity using their existing digital assets as collateral—no need to sell their holdings. Flexline offers a fixed borrowing rate and transparent term structure; borrowed funds can be used on Kraken’s platform or withdrawn to other exchanges, protocols, or service providers. Collateral assets will be stored in a separate, secure wallet and integrated into Kraken’s longstanding proof-of-reserves system.

February 25th – Analysts say the worst phase of Bitcoin’s 50% retracement may be over, as the Hash Ribbon indicator signals three months of miner capitulation selling have ended. Bitcoin typically bottoms when miners face peak financial stress: capitulation occurs when mining revenue dips below operating costs, forcing less efficient miners to shut down machines and sell Bitcoin reserves to cover electricity bills, debts, and operational expenses—this drives a hash rate decline and sustained selling pressure in the market. A cross of the 30-day hash rate moving average above the 60-day moving average signals miners are coming back online, easing network pressure, and that turning point is near. Looking back, there have been roughly 20 instances of miner capitulation since 2011—most aligning with local or major Bitcoin bottoms, including January 2015, December 2018, and December 2022. Hash rate is now rebounding, and miner confidence is recovering in tandem. Meanwhile, Bitcoin’

Feb. 25 – Per Bitget market data, U.S. stocks opened higher, with the Dow Jones Industrial Average up 0.35%, the S&P 500 gaining 0.43% and the Nasdaq Composite rising 0.67%. Nvidia (NVDA.O) opened up 1% and is set to release its fourth-quarter earnings after the closing bell. Crypto-related U.S. equities climbed across the board, including: - Circle (CRCL): Surged 22.4% on better-than-expected 2025 financial results - MicroStrategy (MSTR): Gained 4.89% - Coinbase (COIN): Added 6.1% - MARA Holdings (MARA): Rose 2.14% - Riot Blockchain (RIOT): Climbed 2.85% - BitMine Immersion (BMNR): Up 6.5% - SharpLink Gaming (SBET): Rose 6.1%

Feb. 25 — Stripe Co-Founder and President John Collison forecast an upcoming "wave" of AI agents, powered by stablecoins and high-throughput blockchains, that’s poised to engage in commercial activity. Autonomous AI agents are moving past the experimental phase and will increasingly handle real economic activity, from payments to capital allocation. Collison also highlighted Stripe’s latest moves: Earlier this year, the company integrated the X402 standard, letting AI agents transact with USDC on Coinbase’s Base network. This integration enables AI agents to autonomously send and receive stablecoin payments via Stripe’s infrastructure, marking a key step toward machine-to-machine transactions.

Associated Press (AP) reported on February 25 that ETHZilla, an Ethereum-focused treasury firm, has officially rebranded to Forum Markets and plans to launch trading under the new ticker symbol "FRMM" on March 2. Going forward, the company will transition into an institutional-grade real-world asset (RWA) tokenization platform, focusing on tokenizing high-quality assets with stable cash flows. Its future business model includes revenue from asset holding, product issuance fees, asset management fees, and potential secondary market trading revenue.