ChainCatcher news, according to Coindesk, due to Nasdaq futures indicating a continued decline in tech stocks and the strengthening yen raising concerns about a similar risk-averse sentiment in August, Bitcoin fell below $89,000 during Tuesday's early European session. Data shows that Bitcoin dropped to a low of $88,500, the highest level since mid-November.Nasdaq futures fell by 0.3%, indicating that the trend of declines for three consecutive days will continue. Since February 18, the tech stock index has dropped over 4%. The safe-haven currency yen is trading at 149.38 against the dollar, poised to challenge the nearly three-month high of 148.84 set on Monday.As the market bets on the Bank of Japan raising interest rates, the yen has risen nearly 6% in six weeks. The comments on interest rate hikes from the Bank of Japan and the strengthening yen evoke memories of last July: at that time, the yen soared due to the central bank's rate hike, ultimately triggering widespread risk-averse sentiment that caused Bitcoin to plummet from about $65,000 to $50,000 within days.

ChainCatcher message, encrypted KOL Ansem's post analysis states, "It seems that Bitcoin has broken below the support level and has breached the trading range of the higher time frame.The key price level maintaining the bearish view on the higher time frame is around $96,500. It is worth noting that there has not yet been any bearish range breakout on the higher time frame during this cycle; currently, there is only a downward divergence, so let's wait and see.I believe the main issue right now is whether the cryptocurrency market is leading to indicate the overall market's risk-averse sentiment. If stock indices also decline in the coming weeks, this is more likely to be the beginning of a downtrend rather than a small setback in an uptrend."

ChainCatcher news, the South Korean cryptocurrency exchange Upbit has explained the sanctions imposed by financial authorities, stating that these sanctions were taken based on issues identified during the 2024 Financial Intelligence Unit (FIU) on-site inspection. The specific sanctions include a partial suspension of operations and a ban on new customers transferring virtual assets. Upbit has reviewed the necessary improvement measures and completed the actions taken to respond to the sanctions imposed by the financial authorities. The sanctions implemented may change according to relevant regulatory procedures. If the relevant measures are suspended or become ineffective, new users will be able to use Upbit's services without restrictions.

ChainCatcher message, former Three Arrows Capital founder Zhu Su stated, "The concept of bullish sell-off is simple: tokens move from weaker hands to stronger hands, and value also shifts to better tokens. I will let you know when a bearish sell-off occurs, but I haven't seen one this year."

ChainCatcher news, Du Jun, the founder of ABCDE, pointed out in a post that in the crypto industry, especially for projects involving funds, if one hasn't experienced a loss of 50 million dollars, they might not even have made it to the table. Although the absolute value of 50 million dollars is significant, it is not outstanding in the crypto industry. Throughout the history of the industry, from Mt. Gox, Luna, PayPal to FTX and last week's Bybit, every leading project has faced losses in the hundreds of millions. In the face of such scale, 50 million dollars can only be considered as an entry-level trial-and-error cost.Previously, regarding the Infini theft incident, Du Jun stated, "Losing a little money to buy a lesson and strengthen security capabilities is much better than losing a lot when things get bigger. If needed, I can provide funding of 5 to 10 million dollars." Du Jun emphasized that calling it "small money" is not to belittle the amount, but rather to highlight how exaggerated the threshold and risks are in this industry.

ChainCatcher news, Perena founder and former head of stablecoin operations at the Solana Foundation, Anna Yuan, posted on X: "Forever grateful to the angels (investors) who funded Perena today. Fundraising on a day like this is only suitable for those with a 'stable' mindset." Previously, it was reported that Perena completed approximately $3 million in Pre-Seed funding in December, led by Borderless Capital, with participation from Binance Labs, Primitive Ventures, ANAGRAM, Maelstrom, Breed VC, Temporal, ABCDE Labs, SevenX Ventures, Pivot Global, Miton, Graph Ventures, and others.

ChainCatcher message, according to SoSoValue data, the entire cryptocurrency market has experienced a significant decline, with a general drop of about 4% to 14% over the past 24 hours. Among them, Bitcoin (BTC) fell by 4.45%, and Ethereum (ETH) fell by 11.03%. The Meme sector dropped by 13.47%, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) falling by 11.63%, 9.86%, and 15.93%, respectively.It is worth noting that although the AI sector fell by 11.62%, KAITO and Vana (VANA) rose against the trend by 2.79% and 20.39%, respectively.In other sectors, the CeFi sector dropped by 7.45% in 24 hours, the Layer1 sector fell by 9.92%, with Story (IP) rising against the trend by 23.10%; the PayFi sector fell by 10.81%, the DeFi sector dropped by 12.16%, and the Layer2 sector fell by 12.33%.

ChainCatcher news, according to the announcement from Coinbase Assets, Coinbase has added Renzo (REZ) to its coin listing roadmap.

ChainCatcher news, according to CoinGecko data, the total market capitalization of cryptocurrencies has fallen below $3.1 trillion, currently reported at $3.096 trillion, with a 24-hour decline of 8.2%.

ChainCatcher news, according to market news, Citadel Securities, the largest market maker on the NYSE with a market capitalization of $65 billion, hopes to become a liquidity provider for Bitcoin and cryptocurrencies, betting on President Trump's support for the industry.

ChainCatcher news, according to CoinDesk, DekaBank, a large German financial institution managing €377 billion ($395 billion) in assets, has announced the launch of cryptocurrency trading and custody services for institutional clients.The company has obtained regulatory approval for crypto custody under the German Banking Act from the Federal Financial Supervisory Authority (BaFin) prior to the launch of the new services.

ChainCatcher news, according to official social media announcements, the Huobi HTX themed column "Dialogue with HTX Partners" will be held today at 20:00 (UTC+8) via Huobi HTX Twitter Space.At that time, crypto KOL DaDa, Web3 of the First Machine, LOYAL Luyao, AN Ran, and EnHeng will be invited to attend, sharing their insights under the theme "Highlights from the Sun Yuchen Event: A Recap of the Hong Kong Consensus Conference 2025."

ChainCatcher news, according to News.bitcoin, a survey by the international research data company YouGov shows that nearly 15% of Brazilians would consider using cryptocurrency as a substitute for their bank account functions. Among the respondents, 14.7% are open to this possibility, with 5.7% agreeing to make this decision and 9% leaning towards agreeing with this arrangement. However, over 60% still oppose using cryptocurrency as a substitute for banks: 39.7% strongly disagree, and 21.7% tend to disagree with the idea.According to David Eastman, Managing Director of YouGov's Latin America operations, this should serve as a catalyst for banks to change how they do business with customers. If these customers do indeed leave, it will impact the revenues of these financial institutions, significantly cutting into their income in the process.