According to Huoxun Finance, the total open interest of BTC futures contracts increased by 5.25% in the past 24 hours, currently standing at $50.112 billion. Specifically, Binance holds $8.362 billion, OKX holds $2.922 billion, Bybit holds $3.811 billion, and Gate holds $3.902 billion.

According to a CNN report, US Vice President Vance may travel to Pakistan this weekend for talks with Iran. This comes after an Iranian military source stated that Iran is continuously monitoring and understanding the movements and changes on its enemy's front lines. If the enemy attempts ground operations on Iranian islands or other territories, or increases Iran's defense costs through maritime activities in the Persian Gulf and the Gulf of Oman, Iran will respond by opening additional fronts. The source said the Bab el-Mandeb Strait is one of the world's most important strategic straits, and Iran has both the will and the capability to threaten it. He stated that if the US attempts to find a solution to the Strait of Hormuz issue through "foolish actions," it should be wary of allowing another strait to become its new predicament. The source also emphasized that Iran is fully prepared for further escalation of the situation. (Jin Shi)

Huoxun Finance reports that cryptocurrency derivatives company STS Digital has announced the launch of its digital asset structured product platform, with Kraken as its first distribution partner. The platform allows clients to use pre-defined return structures and employs options-based strategies. Kraken has integrated the platform via its API to support its dual-investment product—offering eligible clients a fixed return on Bitcoin. It is reported that on February 26th, STS Digital completed a $30 million strategic funding round, led by CMT Digital, with Kraken's parent company, Payward, also participating. The company stated that the funds will be used to expand its crypto options trading platform and institutional market access.

According to Huoxun Finance, Vetle Lunde, Head of Research at K33, pointed out that Bitcoin prices have been consolidating in the $60,000 to $75,000 range in recent weeks, while trading volumes on exchange-traded products and the behavior of long-term holders have stabilized. He described this price movement as "typically correlated with market bottoms" and believes that the price range of just over $70,000 for Bitcoin is attractive to medium- to long-term investors. Lunde further stated that since late February, Bitcoin ETF flows have turned slightly positive, suggesting that the sell-off since reaching its all-time high last October may be nearing its end. He explained that the previous outflows stemmed from profit-taking when Bitcoin prices fell below investors' cost price, creating a supply-demand feedback loop; however, as prices fell, the motivation to sell gradually weakened, and demand began to stabilize.

According to Axios reporter Barak Ravid, the Trump administration has not yet received any official confirmation that Iran has rejected the proposal. (Jin Shi)