News & Research

Nasdaq is partnering with Seturion, the tokenized securities settlement platform from Germany's Boerse Stuttgart Group, to connect European exchange infrastructure, Cointelegraph reported. The collaboration aims to support blockchain-based settlement for tokenized securities, beginning with structured products. The goal is to improve settlement speeds and address infrastructure fragmentation within European capital markets. Previously, Nasdaq announced a partnership with Kraken to support tokenized stock settlement services.

The three major U.S. stock indices closed higher today. - S&P 500: +0.83% - Nasdaq: +1.38% - Dow Jones: +0.50%

The Ethereum Foundation has begun staking a portion of its assets using Bitwise's on-chain solution infrastructure. The initial amount staked is 2,016 ETH, with plans to stake approximately 70,000 ETH (around $140 million) in the future. The foundation will utilize Bitwise's open-source software, Dirk and Vouch, to enhance network security and client diversity.

Coinbase (COIN) announced it is launching a regulated futures trading service for users in 26 European countries, starting March 9. The service will be available on Coinbase Advanced, its platform for professional investors, and will offer both expiring and perpetual futures products. Supported assets include major cryptocurrencies like Bitcoin and Solana, as well as index futures based on the Magnificent 7 (M7). The platform will support up to 10x leverage for crypto futures and up to 5x for other products.

Bitcoin is maintaining a stable price despite a surge in international oil prices, CoinDesk reported. The outlet analyzed that the relative strength of the U.S. stock market, supported by the country's status as a net crude oil exporter, has helped Bitcoin hold its ground. BTC's correlation with U.S. tech stocks and the Nasdaq, which has deepened since the launch of spot ETFs and under the second Trump administration, is keeping it around the $67,000 level. In a recent report, JPMorgan also explained that as the world's largest net exporter of oil, the U.S. is relatively insulated from supply shocks originating in the Middle East, which has served as a buttress for its stock market. In contrast to the sharp declines in South Korean and Japanese markets following the conflict, S&P 500 and Nasdaq futures fell only about 3%. Many experts also believe that short-term selling pressure has subsided because BTC had already entered an oversold phase, dropping to near $60,000 before the Middle East conflict. However, CoinDesk added that concerns coexist that a prolonged period of high oil prices could increase inflation and consumer costs within the U.S.

Over the past 10 hours, the Ethena team and crypto market maker B2C2 deposited 6,500 ETH ($12.58 million) and 3,050 ETH ($5.89 million) to Binance, respectively, according to The Data Nerd. Deposits to exchanges are typically viewed as a precursor to selling.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $151.40 million liquidated (76.12% longs) - ETH: $66.10 million liquidated (56.95% longs) - SOL: $19.58 million liquidated (79.04% longs)

The average transaction fee on Ethereum has fallen 99% from its peak in November 2021, Cointelegraph reported, citing data from Token Terminal. According to Etherscan, the current transaction fee is 0.037 gwei, or less than $0.01. Gwei is the smallest denomination of ETH used for transaction fees, commonly known as gas fees, with one gwei representing one-billionth of an ETH.

A typical bear market pattern is emerging as Bitcoin short-term holders continue to sell at a loss, according to crypto analyst Frank. In a post on X, Frank explained that the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) is repeatedly fluctuating below one. This indicates that these holders are selling their assets at a loss near their average purchase price, a classic bear market behavior. The analyst estimates the average cost basis for short-term holders is around $86,000, while BTC is currently trading at approximately $66,000. However, Frank noted that a bullish signal could appear if these holders begin to view their cost basis as a dip-buying opportunity and start accumulating. He added that even if such a shift begins, it may not initially feel like a bull market.

The Crypto Fear & Greed Index, a metric compiled by data provider Alternative, has fallen four points from the previous day to a score of eight. This marks the first time the index has reached single digits since Feb. 23. The market sentiment gauge shifted from "fear" to "extreme fear" on Jan. 30 and has remained in the latter stage since. The index measures sentiment on a scale where zero represents extreme fear and 100 indicates extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market share (10%), and Google search volume (10%).