The current mainstream CEX, DEX funding rate display shows a continued bearish market sentiment, with the Bitcoin rate close to neutral.
February 24 — Bitcoin slipped below $63,000 again this morning, according to data from Coinglass.
Current funding rates on major centralized (CEX) and decentralized (DEX) exchanges point to a still largely bearish market, though most platforms have seen Bitcoin’s funding rate return to positive territory. Specific rates are detailed in the attached image.
**BlockBeats Note**: Funding rates are set by crypto exchanges to align perpetual contract prices with underlying asset values. They enable a funding exchange between long and short traders—exchanges do not charge this fee. The mechanism adjusts the cost or profit of traders holding contracts to keep contract prices close to spot prices.
A 0.01% funding rate is the baseline. Rates above 0.01% signal a broadly bullish market, while rates below 0.005% indicate a generally bearish trend.
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Due to the impact of Anthropic's introduction of the Claude code security feature, US cybersecurity stocks plunged across the board
On February 24th, several leading publicly traded cybersecurity firms saw their stock prices dip in the wake of Anthropic’s launch of Claude Code Security last Friday. The AI-powered code vulnerability scanning tool rolled out as a limited research preview on February 20th.
Per Anthropic’s website, its Claude chatbot can “scan entire codebases for vulnerabilities, validate each finding to cut down on false positives, and offer remediation suggestions for review and approval.” Claude’s code reasoning process is “similar to that of a seasoned security researcher”—it can grasp context, trace data flows, and “catch vulnerabilities missed by pattern-matching tools” before proposing fixes.
This week, shares of the top five U.S. cybersecurity firms by market cap have continued to slide. Palo Alto Networks—the largest U.S. cybersecurity company, with a $116 billion market cap—has seen its stock drop nearly 9% since the feature launched. CrowdStrike, which offers endpoint security, threat
5 minutes ago
A Chinese Entrepreneur Was Kidnapped and Murdered in Turkey, Suspects Seized Victim's Phone to Transfer a Large Amount of Cryptocurrency
**Chinese Businessman Kidnapped, Killed in Turkey; 10 Suspects Arrested**
According to Xinmin Evening News, 38-year-old Chinese businessman Wang was kidnapped and killed in Turkey, with his body later abandoned. Police announced Friday (Feb. 24) that 10 suspects have been taken into custody.
Suspects began tracking Wang from Istanbul Airport, confirming he dined with a female friend on Jan. 19. The woman was continuously messaging on her phone during the meal, an investigation found. When Wang and the woman left the restaurant to get into their car, four suspects forced him into another vehicle.
Several days later, officers found Wang’s body in a field: his hands, feet, and mouth bound with duct tape, and he had suffered severe head trauma.
Authorities said the suspects had a financial dispute with Wang. They stole his phone and withdrew a large sum of money from his cryptocurrency account. The 10 arrested include the female friend and nine men.
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The Federal Reserve to Seek Public Comment on Proposal to Address "Banking Deserts"
The Federal Reserve Board will seek public comment starting February 24 on a proposal to eliminate "banking deserts"—areas where banks have denied services due to concerns about reputation risk.
The proposal restates the Committee’s policy position: prohibiting punitive blanket service terminations by banks or customer de-risking against those engaged in lawful activities, as well as refusing to open accounts for such individuals or entities.
Federal Reserve Vice Chair Michelle W. Bowman noted: "We have observed troubling cases where banks have denied services—with regulators pointing to reputation risk—forcing financial institutions to cut ties with customers based on their political views, religious beliefs, or involvement in unwelcome but legal businesses. Discriminatory conduct by financial institutions for these reasons is both illegal and inconsistent with the Federal Reserve’s supervisory framework."
Last June, the Federal Reserve announced it would no longer include "r
5 minutes ago
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