BRN Analyst: Maintains Bullish View, Expects Market to Rebound by End of the Week

On February 28th, as per CoinDesk, the cryptocurrency exchange BitMEX is in the process of seeking a sale and has engaged the investment bank Broadhaven Capital Partners to provide assistance with the transaction. BitMEX, which was founded by Arthur Hayes and others in 2014, has been accused of not implementing effective anti-money laundering measures. Hayes resigned as the CEO after facing criminal charges in the United States.

On February 28th, as per official information, Pendle has now officially commenced operations on the Sonic network. The first liquidity pools have been launched in collaboration with Rings. These are: stkscUSD (May 29, 2025) stkscETH (May 29, 2025) The Rings Protocol is an interest-bearing stablecoin protocol. Users are able to mint scUSD/scETH by using various stablecoins or ETH assets. scUSD and scETH can be staked in the Veda Vault (transforming into stkscUSD and stkscETH) and generate yield through blue-chip DeFi protocols such as Aave.

February 28th. As per official channels, the Solayer project with hardware acceleration for SVM is set to co-host the "SVM Night: ETH Denver" themed event with the Bitcoin lending protocol Yala on February 27th, from 18:30 to 21:00 during the Denver ETH Denver conference. The event specifics are as follows: · Event Time: February 27th, 18:30 - 21:00 · Event Location: Solayer Basement, Denver Solayer is engaged in building infiniSVM to expand Solana. It is a hardware-accelerated SVM that achieves infinite scalability through a multi-execution cluster architecture connected via SDN and RDMA, achieving a speed of 100 Gbps while maintaining atomic state. SVM Night is a series of regular events organized by Solayer. This year, SVM Night will take place at every major event and conference worldwide, connecting Solana with top builders and ecosystem participants from around the globe.

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.