Daily Market Recap
On February 25, the cryptocurrency market experienced several key developments. The S&P 500 index futures rose 0.3%, hitting a new high, which boosted confidence in the crypto market.
Industry Highlights
- Artemis Report: The Ethereum ETF's asset management scale dropped approximately 65% within four months, reflecting increased market volatility.
- BlackRock Update: Public data reveals that BlackRock deposited 1,134 BTC into Coinbase, valued at about $74.18 million, indicating continued institutional interest in BTC.
- Circle Financial Performance: Circle's total revenue and reserve income grew 64% in its 2025 financial report, reaching $2.7 billion, showcasing strong performance.
- USDT Market Shifts: USDT's market cap has contracted for two consecutive months, suggesting stagnation in stablecoin growth, which may impact the recovery of the crypto market.