Latest Industry Developments
Wells Fargo recently announced a job opening for a Digital Asset Services lead, highlighting growing interest in crypto from traditional finance.
At the same time, the total holdings of Bitcoin ETFs in the U.S. have reached a historic milestone of 1.5 million BTC, signaling increased institutional adoption of digital assets.
Market Sentiment Overview
On Polymarket, the probability of the Fed keeping interest rates unchanged in March has risen to 93%, reflecting heightened market sensitivity to monetary policy.
The founder of Predict.fun noted that prediction markets should be seen primarily as tools for information trading and risk hedging, not gambling platforms.
Expert Insights and Analysis
BlackRock's head of digital assets warned that volatility driven by leveraged positions could undermine the long-term narrative for Bitcoin.
In a positive sign, Coinbase's CEO reported that the majority of user account balances in February were equal to or higher than in December, indicating sustained market confidence.