EMJ Capital Founder: Long-term Capital Will Take Over Bitcoin's Baton, Current Round of Selling Pressure Mainly Comes from ETF Allocators Exiting

On February 24th, market sources report that Meta Platforms (META.O) has struck a major deal with AMD (AMD.O), committing billions of dollars to purchase artificial intelligence hardware. Per Bitget market data, AMD’s pre-market stock price surged 14.46% to $225.01.

**Binance Wallet Launches Irys Trading Competition on Binance Alpha** Per an official announcement, Binance Wallet has rolled out an Irys (IRYS) trading competition on Binance Alpha. Participants who trade IRYS via Binance Wallet (non-custodial) or Binance Alpha will qualify to share exclusive token rewards. The event runs from 9:00 PM GMT+8 on February 24, 2026, through 9:00 PM GMT+8 on March 3, 2026. Ranking is based on participants’ total accumulated IRYS purchase volume during the competition. The top 2,000 users will split 5,000,000 IRYS tokens evenly — each receiving 2,500 IRYS.

**IoTeX L1 Network Back Online, Upgrade Complete; New Blacklist Feature Launches, Compensation Plan Coming Soon** Per official IoTeX updates, the project’s Layer 1 (L1) network resumed full operations and finished a system upgrade on February 23, 2026. A new default blacklist feature is now active, built to automatically filter malicious Externally Owned Accounts (EOAs) and boost network security. A comprehensive compensation plan for users affected by bridged asset issues will be announced within the next 24 hours. Earlier reports confirmed IoTeX had contained the security incident’s impact, with total losses estimated at roughly $2 million. The team also offered a 10% bounty for recovering stolen funds, noting hackers who return the assets within 48 hours will not face legal action.

Per a Feb. 24 report from DL News, El Salvador is pushing forward its Bitcoin experiment via a new public education initiative: the Bitcoin Diploma 2.0. Launched Sunday by the Salvadoran National Bitcoin Office, the program is described as a “complete redesign of its educational program.” The first batch of teaching materials has been printed and will be integrated into El Salvador’s education system, with the curriculum set to be fully rolled out in public schools by 2026.

On February 24, Onchain Lens data shows BlackRock has just transferred 1,514 BTC (≈$95.69M) and 24,472 ETH (≈$44.57M) to Coinbase, with the asset manager likely to make additional deposits.

**Boston Fed Comments (Feb 24)** The Boston Federal Reserve said on February 24 that the transition to artificial intelligence (AI) could complicate the Fed’s understanding of economic conditions. It also warned the U.S. may be moving toward higher structural unemployment—an outcome the central bank cannot offset. The Fed has long focused on economic performance across diverse groups, the Boston Fed added, noting this data is critical to gauging labor market slack. Additionally, the regional Fed urged preserving the “protective fence” that safeguards the Fed’s independence. Even as productivity rises, the central bank must still monitor inflation risks, it said, cautioning that short-term fixes could lead to bigger long-term problems. On how Fed chair nominee Jerome Powell may respond to pressure from former President Trump, the Boston Fed stated: “We will only know when the time comes.” It also emphasized Powell needs to build strong ties with Fed staff and colleagues.