ChainCatcher news, the Trump administration has confirmed that tariffs on imports from Mexico and Canada will take effect on March 4, with reciprocal tariffs set to take effect on April 2.ANZ's G3 economist Brian Martin stated that if the impact of the tariffs remains unchanged for the rest of this calendar year, it could keep the U.S. core PCE inflation rate around 2.6%-2.9%, compared to a pre-tariff estimate of 2.4%.He added that these estimates do not account for potential second-round effects or offsets to weak demand. Nevertheless, Martin indicated that the Federal Reserve may remain patient and pay attention to one-time price increases. ANZ maintains that the Federal Reserve will cut rates by another 75 basis points during this cycle and resume rate cuts in the second half of 2025.

ChainCatcher news, Dragonfly investor GM shared some thoughts on blockchain development at the Denver event. He mentioned that the performance demands of the blockchain space are elastic, and scalability remains a topic of ongoing concern in the industry, with the future launch of EVM being highly anticipated. Additionally, he pointed out that differentiated functional blockchain space is another important direction, such as native interoperability, more complex operations (like ML precompiles), and the exploration of function-specific chains.He also noted that geographically dominated frontends are on the rise, with significant differences in popular memecoin trading tools in regions like Asia and the United States, and the potential of localized frontends is underestimated. At the same time, he reexamined the beauty of Bitcoin's design, especially the dynamics of miner competition, which is relatively lacking in modern PoS networks.On the application level, he mentioned that a new wave of applications based on mental share and social metrics is emerging, such as Kaito unlocking a new battlefield. He also discussed the possibility of venture capital financing and reintroducing crowdfunding models.

ChainCatcher message, QCP Asia released a market observation on February 25, with the following content: "Bitcoin has finally broken out of the range-bound trading, falling below $90,000 for the first time in a month, currently hovering below that level, triggering over $200 million in liquidations in the past few hours.Following Trump's decision to impose tariffs on Canada and Mexico and restrict Chinese investments, market sentiment remains under pressure. As Bitcoin prices decline, short-term options hedging activities have increased, with the 1-month implied volatility now rebounding to 50, while the options skew interestingly remains largely unchanged.From a more macro perspective, despite data previously thought to lead to broader market weakness, the stock, fixed income, and gold markets have largely absorbed these impacts, while Bitcoin remains range-bound. The increase in Bitcoin's market cap and the decline in altcoin prices suggest that altcoin bulls may be fully invested, with any new dollar inflows only directed towards Bitcoin.We maintain a cautious stance. Recent Bitcoin demand has mainly been driven by institutions such as MicroStrategy and Metaplanet, which are financing through the issuance of stock-linked notes. Considering that cryptocurrency-related issuances have accounted for about 19% of total issuances over the past 14 months, this financing market may be nearing saturation—this could suppress (future performance)."

ChainCatcher message, Chainflip officially announced that after discussions with the team, community, liquidity providers, major interfaces using Chainflip, and most validator providers, it has been decided to implement a protocol upgrade to prevent the illegal flow of Bybit hacker funds within the protocol.Chainflip stated that most of the code has been completed and needs to be tested and deployed to the network, with the upgraded version expected to go live within 24-72 hours.

ChainCatcher message, according to SoSoValue data, last week (Eastern Time from February 18 to February 21) the Bitcoin spot ETF had a net outflow of 559 million USD.The Bitcoin spot ETF with the highest net inflow last week was the VanEck Bitcoin ETF HODL, with a weekly net inflow of 4.13 million USD, bringing the total historical net inflow of HODL to 871 million USD. The Bitcoin spot ETF with the highest net outflow last week was the Fidelity Bitcoin ETF FBTC, with a weekly net outflow of 166 million USD, and the total historical net inflow of FBTC currently stands at 12.33 billion USD.As of the time of writing, the total net asset value of Bitcoin spot ETFs is 110.795 billion USD, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 5.88%, and the historical cumulative net inflow has reached 39.556 billion USD.

ChainCatcher message, according to SoSoValue data, the net inflow for Ethereum spot ETFs last week (Eastern Time from February 18 to February 21) was 1.61 million USD.The Ethereum spot ETF with the highest net inflow last week was Fidelity's Ethereum ETF FETH, with a weekly net inflow of 26.32 million USD. Currently, FETH's historical total net inflow has reached 1.54 billion USD. The Ethereum spot ETF with the highest net outflow last week was Grayscale's Ethereum Trust ETHE, with a weekly net outflow of 15.79 million USD. Currently, ETHE's historical total net outflow has reached 4 billion USD.As of the time of publication, the total net asset value of Ethereum spot ETFs is 9.981 billion USD, with an ETF net asset ratio (market cap relative to total Ethereum market cap) of 3.14%. The historical cumulative net inflow has reached 3.154 billion USD.

ChainCatcher news, according to DefiLlama data, the net inflow of funds to the Berachain cross-chain bridge in the past 7 days reached $85.47 million, ranking first among all public chains. Following are Base and Sonic, with net inflows of $48.28 million and $37.98 million, respectively. Ethereum, Avalanche, and BSC saw net outflows of $135 million, $110 million, and $58 million, respectively.

ChainCatcher news, last week, the final value of the U.S. one-year inflation rate expectation for February recorded 4.3%, the highest since November 2023. Chicago Fed President Goolsbee downplayed this data result.In an interview on Sunday, Goolsbee stated that this number "is not good," but he added, "But this is just one month of data; we need at least two or three months of data to make it count."

ChainCatcher news, 10x Research analysis states that despite attracting a net inflow of $38.6 billion since the launch of the Bitcoin ETF in January 2024, its analysis indicates that only $17.5 billion (44%) represents genuine bullish buying. Most (56%) may be related to arbitrage strategies, where short positions in Bitcoin futures offset the inflows.

ChainCatcher message, cross-chain bridge Chainflip updates on the latest developments of the Bybit theft incident, stating, "We have noticed that hackers are attempting to convert the stolen funds from Bybit into BTC through Chainflip. Currently, we have shut down part of our front-end services to stop the flow of funds, but since the protocol is fully decentralized, with 150 nodes, we cannot completely shut down the entire system.As a more long-term solution, we are strengthening the filtering mechanism at the ETH proxy level to reject suspicious deposits through the broker-api. This mechanism is currently applicable to BTC, and we just need to complete the implementation for ETH."

ChainCatcher news, the cross-chain bridge Chainflip responded to Bybit CEO's freezing request stating, "We have done our best to handle the current situation, but as a decentralized protocol, we cannot completely stop, freeze, or redirect any funds. However, we have currently shut down some front-end services to prevent the flow of funds."Previous news, Bybit CEO Ben Zhou posted on social media that he has detected hackers attempting to transfer assets to the BTC network via Chainflip. He hopes that the cross-chain bridge project will help Bybit stop and prevent further asset transfers to other chains. Bybit will soon launch a bounty program for anyone who helps them stop or track down the funds leading to recovery.

ChainCatcher message, Bybit CEO Ben Zhou disclosed that hackers are converting stolen funds into Bitcoin through the Chainflip cross-chain bridge. Zhou published several suspicious transaction hashes and the hacker's Bitcoin receiving address, while calling on cross-chain bridge service providers to assist in stopping the fund transfer.Zhou stated that Bybit will soon launch a bounty program to reward those who help track or stop the fund transfer and ultimately facilitate the recovery of the funds.

ChainCatcher message: According to statistics from SoSoValue and the latest monitoring data from the on-chain security team TenArmor, the Bybit trading platform has seen an inflow of over $4 billion in the past 12 hours, specifically including 63,168.08 ETH, $3.15 billion in USDT, $173 million in USDC, and $525 million in CUSD.Based on the comparison of inflow data, this influx has completely covered the losses incurred yesterday due to the hacker attack.At the same time, all services of the Bybit exchange, including the withdrawal function, have returned to normal.

ChainCatcher news, according to Defillama data, after the Bybit hacking incident, there has been a divergence in fund flows among CEXs. Binance saw a net inflow of $1.046 billion in 24 hours, making it the exchange with the highest inflow; meanwhile, Bybit experienced a net outflow of $2.675 billion in 24 hours, with OKX, Bitfinex, and Robinhood seeing net outflows of $7.35 million, $188 million, and $39.95 million, respectively.

ChainCatcher news, according to Defillama data, after the Bybit hacking incident, major cryptocurrency exchanges have shown a divergence in fund flows. Binance had a net inflow of $749.3 million in 24 hours, making it the exchange with the highest inflow. This was followed by OKX and Gate.io, with net inflows of $36.98 million and $50.57 million, respectively.Meanwhile, Bybit experienced a net outflow of $2.399 billion in 24 hours, while Bitget and Robinhood had net outflows of $98.24 million and $39.73 million, respectively.

ChainCatcher message, according to SoSoValue data, yesterday (Eastern Time on February 20) the total net outflow of Ethereum spot ETF was $13.0915 million. Yesterday, Grayscale's Ethereum Trust ETF ETHE had a net outflow of $10.3395 million, and the historical net outflow of ETHE is currently $3.998 billion. Grayscale's Ethereum Mini Trust ETF ETH had a net outflow of $0.00 yesterday, and the historical total net inflow of Grayscale Ethereum Mini Trust ETH is currently $612 million.As of the time of writing, the total net asset value of the Ethereum spot ETF is $10.419 billion, with an ETF net asset ratio (market value as a percentage of Ethereum's total market value) reaching 3.14%, and the historical cumulative net inflow has reached $3.163 billion.

ChainCatcher news, according to Jinshi Data reports, data released earlier today showed that Japan's core consumer inflation accelerated in January, reaching 3.2% year-on-year, the fastest growth in 19 months.The stronger-than-expected growth reinforced expectations that the Bank of Japan may continue to raise interest rates as inflationary pressures persist. The rise in prices seems to align with the central bank's forecasts. Analysts pointed out that inflation in the service sector did not accelerate, rising 1.4% year-on-year in January, compared to 1.6% in December; however, overall, goods inflation did not slow down.For the past three years, Japan's inflation rate has remained above the central bank's 2% target. This has prompted a shift in monetary policy. Bank of Japan Governor Kazuo Ueda previously hinted that if wage growth continues to support consumption, allowing companies to raise wages and maintain price increases, the central bank may further raise interest rates.