A trader is betting on Nvidia's earnings report, entering a long position worth $28.3 million in NVDA.

February 25, Stripe released its 2025 Annual Letter, highlighting key 2025 updates: - Stablecoin payment volume doubled to ~$400 billion (60% B2B) despite Bitcoin’s sharp price drop; - Transaction volume on Bridge (Stripe’s acquired stablecoin platform) surged over fourfold. Stripe is accelerating stablecoin adoption via acquisitions and the Tempo launch, viewing it as a core driver of future currency flows. Moreover, Stripe noted 2025 marked agentic commerce’s shift to real-world experimentation and development. Stripe and OpenAI co-developed the open-standard Agentic Commerce Protocol (ACP)—designed to create a shared technical language between AI platforms and merchants, supporting programmatic workflows and Instant Checkout. They also rolled out the Agentic Commerce Suite. Stripe framed this infrastructure as having "intergenerational impact potential," emphasizing broad interoperability and open design are critical to its success.

February 25 – Per data from Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), a whale address (0x93) that opened a BTC short position at 6 PM ET last night was hit with two consecutive large liquidations at 9 AM ET this morning, triggered by a short-term surge in BTC prices. Total liquidated volume reached 225 BTC, equivalent to roughly $14.7 million. Notably, one single liquidation was nearly $13 million—marking the largest single liquidation on Hyperliquid that day. Subsequently, the whale reversed its position, opening a 40x leveraged long position with remaining funds. The position is valued at $11.48 million, with an average entry price of $65,500, as the whale shifted to chasing the ongoing price rally.

On February 25, Coinglass data shows Bitcoin’s Ahr999 indicator has dropped to 0.29—well below its "Buy-the-Dip Line" of 0.45. The indicator’s most recent prior low was 0.27, hit on February 6. During the last bear market cycle, the index fell below 0.3 on two key dates: June 18, 2022 (amid the "ETH Market Liquidation") and November 22, 2022 (during the "FTX Flash Crash"). Created by ahr999, the Ahr999 indicator helps Bitcoin dollar-cost averaging (DCA) users make timing decisions. It reflects Bitcoin’s short-term DCA yield and how its price deviates from its expected valuation. Throughout Bitcoin’s history, the Ahr999 indicator has spent 572 days below the 0.45 Buy-the-Dip Line.

February 25th — LookOnChain monitoring reveals a newly created wallet (BxNU5a) spent ~$180,000 four months ago to acquire 8.16 million Pippin tokens. The tokens are now valued at roughly $6.7 million, leaving the address with over $6.5 million in unrealized gains.

**February 25** Hong Kong Financial Secretary Paul Chan Mo-po announced in the 2026 Budget that the government will table a digital asset regulation draft bill this year to establish a licensing system for service providers offering digital asset trading and custody services. Currently, Hong Kong has a licensing regime in place for fiat-backed stablecoin issuers, with the first batch of licenses slated for issuance in March. The government and financial regulators will continue to encourage licensed issuers to explore additional use cases in compliance-focused, risk-controlled environments. Chan also noted that the Hong Kong Securities and Futures Commission (SFC) will further boost liquidity in Hong Kong’s digital asset market while safeguarding investor protection, offer more products and services to professional investors, and launch an accelerator to speed up market innovation. *Source: Jinse*

As per Ashes Monitor, YZi Labs transferred 37.33 million EDU (valued at $4.37 million) to Binance just 10 minutes ago on February 25th. This marks another liquidation move by YZi Labs, following the disposal of ID two weeks ago and AI and WOO yesterday.