Gate Crypto Flash News and Market Updates

Bitcoin has already fallen 13.98% in February. If it closes lower, it will mark the longest consecutive decline since 2018, with a total drop of 52.44%. The overall cryptocurrency market capitalization is $2.33 trillion, and the Fear and Greed Index is in the extreme fear zone. Technically, Bitcoin needs to return to $100,000 to reverse the downtrend, and the current market remains in a bearish phase.

PANews February 17 News, according to Jintiao, the Irish Data Protection Commission has launched an investigation into Elon Musk's social media platform X, focusing on the issue of its built-in AI chatbot "Grok" generating and posting pornographic images. The regulatory agency stated that this investigation will assess whether X has fulfilled its legal obligations in handling the personal data of EU users. The investigation was initiated based on the Data Protection Law.

Although ETH has recently fallen about 20%, on-chain data and derivatives structure indicate the market may rebound. Over 2.5 million ETH have flowed into accumulation addresses, with more than 37 million ETH staked, and circulating supply shrinking. On the technical side, a reversal pattern may be forming; if it breaks through $2,150, the target could potentially reach $2,500.

Foresight News reports that crypto payment provider Alchemy Pay announced plans to launch the Alchemy Chain L1 public chain testnet on February 23. The public chain will be built on the Solana Virtual Machine architecture and will offer a payment system that allows users to transact using fiat currency and cryptocurrencies for large-scale commercial applications.

PANews February 17 News, according to Jintou, spot gold and silver continued to decline in the early trading session, with spot gold falling below $4950/oz, down 0.80% for the day. Spot silver fell below $75/oz, with a daily decline of 1.74%.

F2Pool co-founder Wang Chun posted on the X platform that quantum computing is more like a technological bubble, lacking practical results. It is expected that it will still be unusable in 2026, and it will be difficult to generate industrial value in the coming decades. He is bearish on several quantum computing concept stocks and also recommends shorting quantum computing while going long on Bitcoin.

Gate News bot message, Gate market display, BTC breaks through 69,000 USDT, current price 69,026.1 USDT.

Gate News bot message, Gate market display, since launching Alpha, SPACE has increased by 50.80%, now priced at 0.01146912541655347 USDT.

ChainCatcher News, according to Coinglass data, if BTC breaks through $72,303, the total liquidation strength of long positions on major CEXs will reach $976 million. Conversely, if BTC drops below $65,463, the total liquidation strength of short positions on major CEXs will reach $851 million.

ChainCatcher reports that, according to Coinglass data, if ETH drops below $1,899, the total liquidation strength of long positions on major CEXs will reach $647 million. Conversely, if ETH breaks above $2,095, the total liquidation strength of short positions on major CEXs will reach $520 million.

Foresight News reports that, according to Alternative.me data, the cryptocurrency fear and greed index dropped to 10 today (yesterday the index was 12 "Extreme Fear"), indicating that the market is in a "Extreme Fear" state.

Gate News bot message, a whale has swapped 86 BTC valued at $5.86 million for 2,943 ETH at $1,992 per ETH through ThorChain. The whale currently holds 43.57 BTC worth $2.99 million.

Former Bank of Japan Policy Board member Seiji Ando stated that the Bank of Japan may use new data in April as the basis for interest rate hikes instead of in March. He believes that raising rates in March carries risks, and that April's data will be more conducive to confirming inflation improvement.

PANews February 17 News, according to CME "Federal Reserve Watch": The probability of the Federal Reserve cutting interest rates by 25 basis points by March is 7.8%, and the probability of holding rates steady is 92.2%. The probability of a cumulative 25 basis point rate cut by April is 25.3%, with a 73.1% chance of keeping rates unchanged, and a 1.6% chance of a cumulative 50 basis point cut. The probability of a cumulative 25 basis point rate cut by June is 52.6%.

Harvard Management Company, affiliated with Harvard University, recently disclosed that in Q4 2025, they reduced their Bitcoin ETF holdings by approximately 21%, while also establishing their first Ethereum ETF position with a total exposure of about $352.6 million. Bitcoin remains the largest asset holding, surpassing holdings in Alphabet, Microsoft, and Amazon.

Crypto market maker Wintermute launches tokenized gold trading services for institutional clients, supporting Pax Gold and Tether Gold, venturing into the tokenized commodities market. The market size is expected to reach $15 billion by 2026, reflecting growing demand for real-time settlement.

Cryptocurrency market sentiment continues to worsen, with the Crypto Fear & Greed Index dropping to 5 on February 12th, hitting an all-time low and indicating extreme fear. Market volatility and liquidation events have led to a decline in risk appetite. Institutional funds are still deploying in DeFi, but market confidence has not recovered.

Gate News bot message, Gate market display, ETH breaks through 2000 USDT, now priced at 2000.56 USDT.

In the past 24 hours, the total liquidation amount across the entire network reached $222 million, including $143 million from long positions and $78.94 million from short positions. Both Bitcoin and Ethereum experienced significant losses in long and short positions, with a total of 87,511 people liquidated worldwide. The largest single liquidation was $11.2158 million.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $71,463, the total liquidation strength of long positions on major CEXs will reach $1.205 billion. Conversely, if BTC drops below $64,695, the total liquidation strength of short positions on major CEXs will reach $712 million.