Nasdaq futures decline by 1%, S&P 500 index futures fall 0.75%

The three major U.S. stock indices all rose before the market opened, with Microsoft (MSFT) up 0.38%.

The three major U.S. stock indices mostly rose before the market opened, with the Nasdaq up 0.19%, the Dow Jones up 0.05%, and the S&P 500 up 0.1%. Most of the seven major tech stocks increased, with Apple, Microsoft, and Nvidia all rising, while Tesla slightly declined.

Analysis: De-globalization and AI reshaping the macro environment, with crypto assets being sold off as high-beta growth assets

The current market is undergoing a structural reshaping driven by de-globalization and artificial intelligence, resulting in slow trading adjustments. Bitcoin and Ethereum prices are struggling to rebound, indicating a lack of market confidence. Capital is flowing into value sectors, technology stocks are underperforming, and crypto assets are being sold off, facing a critical transition ahead.

The stablecoin legislation is about to be implemented, and mainstream CEX stablecoin revenue could surge up to 7 times

February 24 News, as the United States advances its stablecoin regulatory framework, the "Genius Act" is being viewed by the market as a key policy to reshape the stablecoin industry landscape. Analysts point out that under the push of this act, the stablecoin-related revenue of the United States' largest compliant CEX is expected to grow by 2 to 7 times, and some institutions interpret this as a potential long-term "tenfold" growth logic, making it one of the important narratives in the crypto market by 2026. The act was signed by Trump, with the core goal of establishing a clear compliance system for U.S. stablecoins, including requirements for issuers to hold high-quality liquid assets such as U.S. Treasury bonds in a 1:1 ratio as reserves, and strengthening anti-money laundering and regulatory transparency. This institutional design will significantly reduce compliance uncertainties for stablecoins, increase institutional funding willingness, and promote the expansion of regulated stablecoins in payments, settlements, and on-chain finance.

Capital withdrawal accelerates! US Bitcoin and Ethereum ETFs see over $250 million in net outflows in a single day, with institutional sentiment clearly weakening.

February 24 News, there is a clear redemption wave in US spot Bitcoin and spot Ethereum ETFs. Data shows that on that day, the net outflow from the spot Bitcoin ETF was approximately $204 million, while the spot Ethereum ETF also saw an outflow of $49.48 million, with a total daily capital outflow of $253 million. This large-scale capital withdrawal occurred after Bitcoin's price briefly fell below the critical $65,000 level, combined with macroeconomic uncertainties caused by expectations of US tariff policies, leading to a significant decline in risk appetite in the crypto market.

Bank of Canada sells 1.04 million MSTR shares, worth approximately $128 million

ChainCatcher News: According to the Bank of Canada, it sold 1.04 million MSTR shares with a transaction value of approximately $128 million. It currently holds 1 million shares valued at about $123 million.

Is the Yen's rebound hopeless? Sanae Takaichi persuades Kazuo Ueda "not to raise interest rates," BOJ may hold steady in March

Japanese Prime Minister Fumio Kishida recently met with Bank of Japan Governor Kazuo Ueda to express concerns about further interest rate hikes, leading to a weakening of the yen. If Kishida's stance is accurate, it will complicate the Bank of Japan's interest rate hike plans. Market reactions will influence global risk assets, especially the cryptocurrency market trends.