Freedom of Money Surges Over 80x in 24 Hours, Market Cap Exceeds $8.8 Million

February 28 Bitdeer (BTDR), the Bitcoin mining firm led by Wu Jihan, mined 166 BTC and sold the exact same amount in the week ending February 27, totaling roughly $10.96 million. The company’s BTC balance remains at 0. On February 22, Bitdeer announced it had liquidated all its own BTC holdings, and all newly mined BTC was also sold. Wu Jihan later noted: “A current 0 BTC holding does not mean this will be the case going forward.”

As of February 28, HyperInsight monitoring shows spot silver prices have continued to climb this month, breaking above $94 overnight and into this morning. The whale address (0x8af)—which has held a silver short position since January 28—now faces unrealized losses of $1.28 million, with a loss ratio of 85%. Currently, the address holds approximately $10.47 million in short positions on SILVER (Silver Mapping Contract), with an average entry price of $83.1 and a liquidation price of $105. It’s the largest on-chain silver bear. Sources note the address once held significant unrealized profits after opening the position last month, but recent price gains have flipped it to a loss. Over the past 5 days, it has closed roughly $4.4 million of its position.

February 28 – Crypto startups raised a total of $883 million in February, despite a market downturn, marking a slight 13% drop from the same period last year. Among them, Flying Tulip (FT) – a new project from DeFi architect Andre Cronje that billed itself as “rug pull-proof” – secured $206 million in funding. However, shortly after launch, FT’s on-chain price fell below its listing price of $0.1, undermining its marketing claims of being “rug pull-proof” and offering principal protection. Social commerce platform Whop received a $200 million investment from Tether, pushing its valuation to $16 billion. Anchorage Digital, the first federally chartered digital asset bank in the U.S., closed a $1 billion funding round, lifting its valuation to $4.2 billion. Stablecoins, artificial intelligence, and institutional tools have emerged as key investment hotspots for 2026.

On February 28, per Farside data, U.S. Ethereum spot ETFs posted a net outflow of $43 million yesterday—snapping a three-day streak of net inflows. Notably, BNY Mellon’s ETHA accounted for the entire $43 million outflow, with all other ETFs registering no net flows.

On February 28, per Farside monitoring data, U.S. Bitcoin spot ETFs saw a net outflow of $27.5 million yesterday, ending three straight days of net inflows. Of those, Belay IBIT recorded a net outflow of $32.7 million, while BTCO posted a net inflow of $3.3 million.

On February 28, 147-year-old Japanese firm Datong Limited announced it will purchase up to 1 billion yen (≈$6.4 million) in Bitcoin as an inflation and yen depreciation hedge.