According to Odaily Planet Daily, OKX market data shows that BTC has fallen below 68,000 USDT, currently trading at 67,980.1 USDT, with the 24-hour gain narrowing to 5.85%. (This news item was generated with AI assistance.)

According to Odaily Planet Daily, Nicholas Hammer, co-founder and CEO of crypto lending platform Blockfills, has resigned from his leadership role. Company information indicates that Joseph Perry is currently serving as interim CEO. This management change comes amidst operational pressures for the company. Blockfills previously recorded a loss of approximately $75 million due to deteriorating market conditions and suspended customer deposits and withdrawals on February 11th. These services have not yet resumed. Sources indicate that the company advised some customers to withdraw their assets before officially freezing deposits and withdrawals. Blockfills stated that customers can still open and close positions in spot and derivatives trading under certain circumstances, and the company is working with investors and customers to restore platform liquidity. Chicago-based Blockfills has a trading volume exceeding $60 billion by 2025. Due to the market downturn, the company is reportedly seeking potential acquirers.

According to Mizuho, an analyst at Odaily, if Stripe proceeds with its potential acquisition of PayPal, it will help the company expand further from traditional merchant payments into the consumer market. Previous reports indicated that Stripe was considering acquiring all or part of PayPal's business. The deal is feasible in terms of scale. Stripe's latest valuation is approximately $159 billion, significantly higher than PayPal's market capitalization of approximately $43 billion. Analysts believe that PayPal's large user base and its peer-to-peer payment application Venmo will provide Stripe with strong consumer brand and user network support. Furthermore, PayPal's Braintree merchant payment infrastructure could also enhance Stripe's competitiveness in the payment processing market. The analysis points out that Braintree could bring Stripe approximately $700 billion in total payment transaction volume (TPV), while Stripe's current annual TPV is approximately $1.4 trillion.

On February 25th, the cryptocurrency market saw one of its strongest single-day rebounds in recent times, with Bitcoin, Ethereum, and Solana all rising, increasing the overall market capitalization by approximately $170 billion, bringing it to nearly $2.5 trillion. Market data shows that Bitcoin briefly broke through the $70,000 mark, Ethereum rose by over 13%, and Solana rose by over 15%. This rebound ended the previous continuous correction trend since the high point in October last year. Market analysts believe that this rise is related to the recent insider trading lawsuit against market maker Jane Street. Some cryptocurrency market commentators pointed out that in the past few months, there had been a phenomenon of seemingly concentrated Bitcoin selling around 10 AM Eastern Time every day, but this pattern appeared to have suddenly stopped after the announcement of the lawsuit. However, there is currently no public evidence to suggest that Jane Street actually engaged in systematic Bitcoin selling at fixed times. Nevertheless, the market generally believes that the expectation of reduced potential selling pressure has boosted investor sentiment in the short term.

Odaily Planet Daily reports that Federal Reserve Chairman Schmid said on Wednesday that excessive inflation remains a key issue the Fed needs to address, but he did not specify how monetary policy should respond. Schmid stated, "I think we still have work to do on inflation," while adding, "I think the employment situation is quite good." He did not explain how these factors influence his assessment of the monetary policy outlook. Schmid had previously expressed skepticism about the Fed's rate cuts last year, when officials lowered the target interest rate range to 3.5% to 3.75%. The market expects further rate cuts this year, but officials have provided little guidance. Schmid also discussed the Fed's balance sheet, saying internal discussions focused on understanding the appropriate level of reserves needed for the financial system. He pointed out that the large amount of mortgage-backed securities held by the Fed in its past bond-buying activities continues to depress home borrowing costs. Due to the current size of the Fed's mortgage-backed securities holdings, mortgage rates "may be 75 to 100 basis points lower than they would have been."