Daily Market Wrap | Feb. 23

Hot Topics

• U.S. spot Bitcoin ETFs record five straight weeks of net outflows for the first time since March 2025.
• SEC issues guidance allowing broker-dealers to apply a 2% haircut on qualifying payment stablecoins for net capital calculations.
• TradFi giants like BlackRock, Citadel and Apollo are buying DeFi tokens UNI, ZRO and MORPHO for infrastructure alignment.

Market Updates

• Bitdeer liquidates remaining 943.1 BTC, reducing its corporate Bitcoin treasury to zero as of February 20, 2026.
• IoTeX bridge exploited via compromised private key, draining up to $8.8M from TokenSafe contracts.