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Fintech and Insurance Giant TruStage Pilots Stablecoin for Credit Unions

2 hours ago

**February 25 —** Financial tech firm TruStage has launched the USD-backed stablecoin **TruStage Stablecoin (TSDA)** in partnership with roughly 93% of U.S. credit unions, alongside blockchain firm Block Time Financial. A TruStage subsidiary will act as the token’s issuer, managing its 1:1 cash reserves. Block Time will provide operational support, including security protocols and digital account capabilities. TruStage is recruiting credit unions to join its pilot program, scheduled to run in the first half of 2026. The company expects TSDA to be used for: - Loan financing and settlement - Peer-to-peer (P2P) transactions - Cross-border payments - Settlement and payments between credit unions
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CoinShares Launches HYPE Staking ETP

**February 25 — Official sources confirm CoinShares has rolled out a staking-enabled HYPE ETP, offering investors a regulated, institutional-grade way to gain exposure to Hyperliquid’s native token HYPE. The product features a 0% management fee and an annual yield of 0.5%.** ### Notes on American English adaptation: 1. **Concise structure**: Uses an em dash (`—`) to lead with the date (common in U.S. financial briefs) 2. **Natural phrasing**: - "rolled out" (casual yet professional for product launches, preferred over "launched" in fast-paced updates) - "gain exposure to" (standard financial jargon for accessing an asset, more precise than "investment opportunity") - "features" (highlights key benefits clearly, vs. the passive "with") 3. **Clarity**: Restructures "Hyperliquid native HYPE token" to "Hyperliquid’s native token HYPE" (possessive + direct labeling, easier to parse) 4. **Brevity**: Omits redundant "according to official sources" repetition, frontloads critical p

7 minutes ago

A Whale Rug Pulls on WBTC and WEETH, Losing $1.188 Million

On February 25, on-chain analyst Ai Auntie (Twitter: @ai_9684xtpa) noted that the crypto address 0xeAB…1a414 has offloaded $2.63 million worth of WEETH and $3.266 million worth of WBTC on-chain in the past four hours, totaling $5.9 million in assets sold. The WEETH held in this address was acquired over a year ago at an entry price of $3,022.31 and sold at $2,082.62, incurring a loss of $1.188 million.

7 minutes ago

China's Supreme Court to Strengthen Judicial Response to New Types of Financial Cases such as Virtual Currency

**Feb. 25: China’s Supreme People’s Court (SPC) Press Conference Highlights** On February 25, the SPC held a press conference focused on *“Civil and Commercial Trials: Judicial Services Supporting High-Quality Economic and Social Development.”* Key plans for the new year include: 1. Issuing judicial interpretations on civil compensation for securities market insider trading and market manipulation; 2. Conducting in-depth research on judicial responses to new financial cases (e.g., private equity funds, virtual currencies); 3. Strengthening the financial judicial protection system. Additional priorities: - Continuing research and guidance to optimize private firms’ governance structures; - Further solidifying equal legal protection for the legitimate rights of private enterprises and entrepreneurs; - Accelerating the release of judicial interpretations supporting the new Company Law; - Enhancing judicial research on disputes involving various market entities and p

7 minutes ago

Previous On-chain HYPE Leader Long "Loracle" Continues to Take Profit in Long Position, Monthly Profit Has Reached $20 Million

February 25 — Per Coinbob’s popular address tracker, the “Hyperliquid early contributor Loracle” once again significantly cut its HYPE long position overnight and this morning amid today’s market rebound. The position’s size has dropped from $26.1 million yesterday to $17.12 million, marking a cumulative 67%+ drop from its pre-February 21 peak. At press time, the position is still in the process of closing to lock in profits. The address currently holds a 5x-leveraged HYPE long position with an average entry price of $24.55 and an unrealized profit of roughly $1.96 million. This position was opened on January 12 at an average price of $22 and has been gradually rolled over. Its size once hit $52 million, with a peak unrealized profit of over $16 million — at one point holding the largest on-chain HYPE long position. To date, the address has posted a monthly profit of $20.13 million, driven by recent long positions in HYPE and PAXG (on-chain gold). Loracle (X handle: @loraclexy

7 minutes ago

FG Nexus, the Ethereum Treasury Company, Once Again Reduces Holdings by 7550 ETH

**February 25th** On-chain data analyst Yu Jin reports FG Nexus (FGNX)—an Ethereum treasury firm—sold 7,550 ETH (roughly $14.06 million) 8 hours ago. FGNX has incurred $86.98 million in losses from its ETH investments. During DAT’s boom last August-September, the firm purchased 50,600 ETH at an average price of ~$3,940 (valued at $200 million at the time). After ETH prices declined, FGNX began offloading ETH in November; to date, it has sold 21,000 ETH (~$55.69 million) at an average price of $2,649.

7 minutes ago

Qian Zhimin Case Legal Hearing Scheduled for July, Chinese Victims to Provide Additional Financial Details by June 18th

On February 25, Caixin reported that a money laundering case involving 60,000 Bitcoin will hold a July hearing focused on "legal application issues." Chinese victims seeking restitution through the UK process must submit additional details—including investment amounts, loss amounts, compensation received, and related financial information—by June 18, 2026, after completing initial registration. The hearing is seen as a key milestone in Bitcoin asset recovery: - If Chinese law applies, victims’ relationship with Blue Sky Grid will be deemed a creditor-debtor arrangement, with only principal potentially recoverable. - If English law applies, victims may be recognized as holding a proprietary interest in the Bitcoin, allowing them to potentially claim appreciation gains too.

7 minutes ago