24H Hot Cryptocurrencies and Key News｜Stripe Reportedly Considers Acquiring PayPal; Meta Plans to Return to Stablecoin Market in the Second Half of This Year (February 25)
- Core View: Market data shows a general slight pullback in mainstream cryptocurrencies, while industry dynamics focus on the integration of traditional finance and the crypto space. This includes payment giant Stripe exploring an acquisition of PayPal, Meta planning to re-enter the stablecoin market, and the latest regulatory stances on tokenized funds and prediction market contracts.
- Key Elements:
- Market Performance: Major CEX tokens showed mixed performance over 24 hours, with BNB, BTC, ETH generally experiencing slight declines, while individual tokens like ESP and DENT saw significant gains.
- Industry Consolidation: Payment giant Stripe is exploring an acquisition of PayPal; Meta plans to restart its stablecoin business in the second half of 2026, seeking integration with third-party companies.
- Regulatory Progress: The U.S. SEC approved WisdomTree's exemptive application for a tokenized money market fund, allowing intraday trading and faster settlement, providing flexibility for tokenized products.
- Product Innovation: Kraken will launch perpetual contracts based on tokenized stocks; Binance Alpha already supports trading of Ondo tokenized securities and has accumulated points.
- Market Perspectives: Dragonfly believes capital flowing to AI is a normal market adjustment, with solid crypto fundamentals; Glassnode analysis suggests Bitcoin may be entering an "excessive stop-loss" phase.
1. CEX Hot Coins
CEX Top 10 Trading Volume and 24-hour Price Change:
- BNB: -2.17%
- BTC: -1.03%
- ETH: -0.21%
- SOL: +1.61%
- XRP: -0.54%
- ESP: +78.66%
- DENT: +40.16%
- DOGE: -1.39%
- BCH: -3.00%
- PEPE: -0.50%
24-hour Gainers List (Data Source: OKX):
- VELODROME: +10.55%
- MORPHO: +10.56%
- ETHFI: +9.40%
- BERA: +8.60%
- ZEUS: +8.94%
- STORJ: +7.02%
- ZAMA: +6.09%
- KITE: +6.03%
- LEO: +5.96%
- ORBS: +5.87%
24-hour Crypto-Equity Gainers List (Data Source: msx.com):
- AXT Inc - MSX: +18.94%
- The9 Limited - MSX: +16.08%
- Canaan Inc. - MSX: +9.01%
- Cipher Mining Inc. - MSX: +17.47%
- TeraWulf Inc. - MSX: +17.32%
- Figma Inc - MSX: +6.02%
- BitFuFu Inc. - MSX: +8.77%
- Eos Energy Enterprises, Inc. - MSX: +7.57%
- Lithium Americas Corp. - MSX: +11.75%
- Hut 8 Corp. - MSX: +9.98%
2. Top 5 On-Chain Meme Coins (Data Source: GMGN):
- Potato
- GAY-I
- Adam
- Moving
- PMPR
Headlines
Stripe Reportedly Considering Acquiring All or Part of PayPal's Business
According to Bloomberg, payments giant Stripe is exploring the possibility of acquiring veteran fintech company PayPal. Stripe's latest valuation is approximately $159 billion, while PayPal's stock price has fallen nearly 40% over the past year.
Zuckerberg's Meta Plans to Return to Stablecoin Market in Second Half of This Year
According to informed sources, Meta, led by Mark Zuckerberg, plans to enter the stablecoin space in the second half of this year, contingent on successful integration with a third-party company. Meta has issued a Request for Proposal (RFP) to third-party companies and mentioned that Stripe could be a candidate for Meta's stablecoin pilot project.
Industry News
SBF's Social Media Campaign for Clemency Fails; White House Confirms Trump Will Not Grant Pardon
Fortune magazine reports that FTX founder SBF launched a social media campaign in an attempt to win a pardon from U.S. President Donald Trump. However, the White House has responded, confirming that Trump will not pardon this crypto industry figure who was sentenced to a lengthy prison term for financial fraud.
U.S. SEC Approves WisdomTree's Exemption Application for Tokenized Money Market Fund
The U.S. Securities and Exchange Commission (SEC) announced that its Division of Investment Management has issued an exemptive order to WisdomTree for its tokenized money market fund, the WisdomTree Treasury Money Market Digital Fund. Under this order, investors can buy and sell shares of this Money Market Fund (MMF) through dealers at a price of $1 per share intraday, without being restricted by its daily closing Net Asset Value (NAV). The fund issues tokenized shares on a blockchain. This regulatory exemption allows investors to continuously trade tokenized fund shares with dealers intraday and achieve faster settlement speeds compared to traditional models. The SEC added that this move provides flexibility for the operation of tokenized fund products under the current regulatory framework, helping to improve trading efficiency and settlement experience.
U.S. Senators Pressure CFTC to Comprehensively Ban "Death-Related" Prediction Market Contracts
Six U.S. Democratic senators sent a letter to Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, urging him to explicitly "categorically prohibit" any prediction market contracts directly or highly correlated with individual deaths. They argued such products "incentivize physical harm or death" and constitute a "dangerous national security risk." The senators cited multiple cases, including Polymarket listing contracts on "whether Artemis II will explode," contracts related to the fate of Venezuelan President Maduro, and contracts related to the Russia-Ukraine war. The CFTC recently filed legal documents with a federal appeals court emphasizing its "exclusive jurisdiction" over U.S. commodity derivative markets but has not yet publicly responded to the letter. (CNBC)
Project News
Kraken to Launch 24/7 Perpetual Contract Trading for Tokenized U.S. Stocks
Crypto exchange Kraken is launching what it calls the first regulated perpetual futures contracts based on tokenized stocks. The products are available to eligible non-U.S. users in over 110 countries/regions, tracking digital versions of major U.S. stocks, indices, and gold ETFs.
Binance announced that Ondo tokenized securities products are now live on Binance Alpha. Users can directly trade on-chain tokenized securities products using funds from their CEX accounts. Each trade, or simply holding Ondo tokenized securities, earns Binance Alpha points.
CoinShares Launches Physical Hyperliquid ETP with Staking Support
Digital asset management firm CoinShares International Limited announced the launch of a physically-backed HYPE Exchange Traded Product (ETP) with staking support. The ETP has a 0% management fee, a ticker symbol of LIQD, and will be listed first on the Xetra exchange.
Payoneer Files Application with U.S. OCC to Establish PAYO Digital Bank
Payoneer has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish PAYO Digital Bank. If approved, the company would be able to receive and transmit stablecoins, issue its own USD-backed PAYO-USD token, and provide digital asset custody services.
MetaMask: Season 1 LINEA Token Reward Claim Now Open
MetaMask announced that the Season 1 LINEA token reward claim is now open. Starting today and for the next two weeks, users can claim rewards via the MetaMask mobile app.
Arbitrum Foundation Opens Applications for Mentor Program, Set to Officially Launch on April 13
The Arbitrum Foundation announced the official opening of applications for its Mentor Program, aiming to support up to 15 teams. Selected teams will receive hands-on guidance on product launch, product development, and growth strategies. The top three teams will receive a $100,000 non-dilutive grant.
Financing
Hong Kong-based stablecoin payment company RedotPay is considering an IPO in the U.S., with a potential raise exceeding $1 billion. Informed sources reveal that RedotPay is working with JPMorgan Chase & Co., Goldman Sachs Group Inc., and Jefferies Financial Group Inc., planning to list in New York as early as this year. The company may seek a valuation exceeding $4 billion.
Voices
Citizens Bank: Prediction Market Annual Revenue Could Reach $10 Billion by 2030
A recent report from U.S.-based Citizens Bank states that prediction markets are growing rapidly, with the current industry's annualized revenue exceeding $3 billion. It is projected to reach $10 billion by 2030, becoming an emerging asset class.
Dragonfly: Crypto Industry Has Not Lost to AI; Capital Shift is Just Normal Market Adjustment
Haseeb Qureshi, Managing Partner at crypto investment firm Dragonfly, stated that the crypto industry has not been replaced by AI, and the shift in capital flow is just "capitalism working as normal." He pointed out that the core fundamentals of the crypto industry remain solid, especially the strong growth performance of stablecoins.
Electric Capital: AI Agent Crypto Wallets Are Opening New Legal Frontiers
Avichal Garg, Partner at Electric Capital, noted that as AI agents gain increasing autonomy, developers are beginning to equip them with crypto wallets. This trend is pushing crypto technology into a new phase—building financial systems for "non-human entities"—but the relevant legal frameworks remain significantly lagging.
Analyst: Institutions Sold Over 25,000 BTC Worth of Bitcoin ETF Shares Last Quarter
Bloomberg ETF analyst James Seyffart stated that institutional investors cumulatively sold approximately 25,098 BTC worth of Bitcoin ETF shares in Q4 2025, showing a clear trend of reducing positions.
Glassnode: Bitcoin Enters "Excessive Stop-Loss" Phase; If History Repeats, Could Test $44,000
On-chain data firm Glassnode pointed out that Bitcoin is entering an "excessive stop-loss" phase. If historical patterns continue, the price could remain under pressure in the coming months, with a potential downside target around $44,000.
Meta Spokesperson: No Meta Stablecoin at This Stage
Meta spokesperson Andy Stone stated: "Business as usual, there is no Meta stablecoin at this stage. The focus of Meta's plan to restart its stablecoin business in the second half of 2026 is to enable individuals and businesses to use their preferred payment methods on Meta's platforms."
