News

PANews reported on February 27 that bitcoin analyst Willy Woo tweeted that his on-chain and liquidity models indicate that the selling pressure from bitcoin investors seems to have been largely released. The price may consolidate sideways for about a month or even rebound to the mid-$70,000s, but will most likely face resistance. Woo stated that both spot and futures liquidity are currently bearish, and he has never seen a sustained rally when both sides are bearish at the same time. His "educational projection" suggests that the current bear market trend may end in the fourth quarter of this year, while real bullish momentum may not return until the first or second quarter of 2027. The typical bear market bottom range is around $45,000. If the global macro environment significantly weakens, $30,000 and $16,000 would be key support levels and the last lines of defense for maintaining the long-term bull market structure, respectively.

BBX News: Yesterday, during the accelerated expansion period of global institutional crypto allocation, listed companies demonstrated a significant trend evolving from "profit-based crypto purchases" to "special debt financing for crypto purchases" and "cross-sector asset sovereignization": — Regional-based financing: OranjeBTC (B3: $OBTC3) announced yesterday its plan to raise 100 million Brazilian Reais (approximately $19.5 million) in special debt funds, intending to use this local currency financing to initiate large-scale bitcoin purchases during market correction windows, thereby establishing its position as the digital financial hub of South America. — Social media-based: Trump Media & Technology Group Corp (NASDAQ: $DJT) confirmed its bitcoin reserves have reached 11,542 coins, successfully ranking among the top 12 listed company holders globally. The company is converting bitcoin into its core anti-inflation reserve through capital premium tools. — Hashrate output reinvestment: American Bitcoin (NASDAQ: $ABTC) disclosed that its bitcoin holdings have officially surpassed 6,000 coins. Through high-frequency ATM financing plans and mining output, the company has achieved sustained compound growth in "per-share bitcoin yield (BTC Yield)." — Dual infrastructure transformation: A certain exchange confirmed it holds 13,696 bitcoins. The company announced that its 2026 strategic focus will shift to utilizing its 1.4 GW energy reserves, achieving a leap from a traditional mining company to an "AI computing power and bitcoin dual-based infrastructure provider." The market is showing a clear new dual trend of "debt-driven accumulation" and "monetization of energy assets." Source: bbx.com

PANews reported on February 27 that the US Office of the Comptroller of the Currency (OCC) recently released a proposed rule spanning 376 pages, implementing the regulatory framework for payment stablecoin issuance and custody activities under the GENIUS Act. The rule clearly defines “payment stablecoin,” specifies the scope of applicable entities (including federal/state qualified issuers and foreign issuers), requires 1:1 high-liquidity reserve assets, imposes daily liquidity and concentration constraints, and prohibits the payment (or disguised payment) of interest or yield to token holders, including explicit restrictions on rewards, which may impact certain exchanges. The proposed rule requires payment stablecoins to be redeemable within no more than two business days under normal circumstances, and automatically extends the redemption period to seven calendar days if daily redemptions exceed 10% of the circulating supply. In comparison, USDC currently adopts a near T+0 redemption model (rapid settlement on business days) and does not have a similar “automatic extension” mechanism. The proposed rule also includes information disclosure and audit requirements, as well as OCC’s federal regulatory takeover and exemption mechanism for state-qualified stablecoin issuers once they reach the $10 billion issuance threshold.