Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

Feb. 25 — Bitcoin rebounded above $66,000 on Tuesday, climbing roughly 3% in 15 minutes, per HTX market data. The leading cryptocurrency is currently trading at $66,015.

February 25th — Bloomberg, citing people familiar with the matter, reports that payment processor Stripe is weighing a full or partial acquisition of PayPal assets. Discussions are in early stages, and a deal is not guaranteed, the sources added. Representatives for Stripe and PayPal declined to comment. On Tuesday, PayPal’s stock dropped 6.7% to $47.02 in New York trading, valuing the company at roughly $43.3 billion. Founded in the late 1990s, PayPal was a digital payments pioneer but has struggled to modernize its payment technology in recent years amid competition from Apple, Google and other rivals. Stripe — founded by brothers Patrick and John Collison — has emerged as one of the industry’s most coveted players. Earlier Tuesday, the company disclosed a $159 billion valuation via an employee tender offer.

Per Coinglass data, $106 million in total liquidations hit the entire crypto network in the past 4 hours as of February 25th. Long positions accounted for $5.39 million of the liquidations, while short positions made up $101 million.

On Feb. 25, Ethereum rebounded above $1900 and is currently trading at $1906, per HTX market data.

Feb. 25 — Per HTX market data, Bitcoin has rebounded past $65,000, currently trading at $65,309 with a 24-hour price gain of 1.05%.

February 25: Matt Western, chair of the UK National Security Council, is calling for a temporary emergency ban on cryptocurrency political donations to prevent foreign interference in UK elections. Western says such donations should be paused until risks tied to crypto political contributions—including thorough due diligence on fund sources—are addressed. The committee also pushed for a review of sentencing for electoral crimes, arguing a stronger deterrent is necessary. Western has sent a letter to Steve Reed, the Cabinet Office minister responsible for elections, urging immediate action: the latest Electoral Integrity Bill did not include provisions to restrict cryptocurrency donations. Earlier this year, Reform UK became the first party to accept crypto donations, reportedly receiving the first batch of registrable crypto contributions and launching a dedicated crypto portal. In his letter, Western expressed concern that amid a worsening global security environment, the com