Bitcoin Drops Below $86,000

On February 28th, as reported by Cointelegraph, the global investment firm Sixth Street has injected $200 million into Figure Technology Solutions. This is a U.S.-based lending company that utilizes blockchain technology to enhance the efficiency and lower the cost of the lending market. This investment will empower Figure to initiate up to $20 billion in new loans and assist the company in entering other lending markets. Figure Technology mainly offers home improvement loans while also providing commercial loans and debt consolidation services. Additionally, it operates a personal loan business, enabling cryptocurrency investors to obtain loans in the form of collateralized loans. The Figure website claims to have served more than 100,000 households in 47 states across the U.S.

On February 28th, according to official channels, Litecoin has made an announcement regarding the acquisition of an official domain -.LTC. This domain was launched in collaboration with Unstoppable Domains and the Litecoin Foundation. The purpose is to offer a personalized on-chain identity and facilitate cryptocurrency payments.

On February 28th, Glassnode took to social media and said, "From the end of December 2024 to February 2025, a significant accumulation took place within the range of $96,000 to $98,000." While some addresses within this price range are redistributing their BTC, this supply cluster remains highly concentrated—if we return to this level, it may potentially act as a strong resistance level.

On February 27th, BRN analyst Valentin Fournier said, "President Donald Trump of the United States announced the potential of imposing a 25% tariff on European goods, once more triggering investors' fears and resulting in the cryptocurrency Fear and Greed Index dropping to 10, which is in the extremely fearful territory." While some are concerned about the onset of a bear market, history indicates that a 25% pullback is rather common during a bull market cycle. Additionally, the United States' efforts to establish a national cryptocurrency reserve still serve as a significant long-term catalyst. We maintain a bullish attitude and anticipate that the market will rebound before the end of this week. We continuously increase our holdings in Solana and remain neutral towards BTC and ETH. (The Block)

On February 27th, the U.S. Department of Justice issued a statement stating that a man from Montana has been convicted of a cryptocurrency money laundering conspiracy. Randall V. Rule, 73 years old and formerly from Kalispell, Montana, was found guilty on all charges by the jury after a three-day trial presided over by U.S. District Court Judge Jeremy D. Kernodle on February 26, 2025. Acting U.S. Attorney McGlothin said, "We will not remain idle as our citizens become victims of financial crimes and have their savings stolen. We will actively prosecute those fraudsters as well as those who assist them through the laundering of criminal proceeds." On November 16, 2022, Rule and Gregory C. Nysewander from Elmore, South Carolina, were indicted by a federal grand jury, accused of participating in a money laundering conspiracy, money laundering, and conspiracy to violate the Bank Secrecy Act. According to the indictment, Rule and Nysewander are accused of conspiring with others to profi