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Bitget launches the "New Year Collect Nine Blessings" event. During the event, users who complete registration will randomly receive an airdrop reward of 1 to 188 USDT, with a limited quota of 5,000 spots. Participating users can earn "Nine Blessing Fragments" after completing designated tasks such as achieving a contract trading volume of no less than 1 USDT. The fragments are randomly distributed and categorized into different rarities: common, ordinary, rare, epic, and legendary. Users can gift fragments to friends, with a limit of 20 exchanges per account. Collecting fragments can unlock rewards of 1,888 USDT and physical gifts such as Hermès scarves, Maotai from the Year of the Horse, and Zhou Dasheng gold pieces.In addition, users who collect all 9 "New Year Nine Blessings" fragments can participate in sharing a prize pool of 100,000 USDT, with a guaranteed minimum reward of 8,888 USDT per user. The event is now live on the official platform, and users must click "Join Now" to complete registration before participating. This event ends on February 24 at 10:00 (UTC+8).

According to Arkham data, at 00:52, 37.2326 million TON (worth approximately 60.31 million USD) was transferred from Fragment to Telegram.

According to TheDefiant, a recent study by the data analysis platform RWAio found that the fragmentation of blockchain networks causes a value loss of $600 million to $1.3 billion annually in the RWA market. Currently, the total value of RWA in circulation (including private credit, U.S. Treasury bonds, and commodities) has exceeded $36 billion.RWAio discovered that the same asset often trades at different prices on different blockchains, with price discrepancies ranging from 1% to 3%. Additionally, due to fees and slippage, transferring assets between different chains can result in investors losing 2% to 5% on each transaction. Currently, Ethereum holds 52% of all RWA tokenized value, while Polygon holds 62% of RWA tokenized bonds.According to forecasts, if the market size of tokenized assets reaches $16 trillion to $30 trillion by 2030, annual losses could amount to $30 billion to $75 billion.

The Italian Ministry of Economy announced that it has initiated an "in-depth review" of the current risk prevention mechanisms related to cryptocurrency investments, aiming to assess whether the protections for retail investors in the process of directly or indirectly investing in crypto assets are adequate.This decision was made by the Macroprudential Policy Committee, which consists of the Bank of Italy, the market regulator Consob, the insurance and pension regulator, and the Ministry of Finance. Regulators have warned that as crypto assets become increasingly intertwined with the traditional financial system and the issue of fragmented international regulation intensifies, their potential risks may further rise. Currently, the overall economic and financial situation in Italy remains stable, but it faces high global uncertainty.

Wintermute released a market report indicating that the expectations of interest rate hikes by the Bank of Japan have completely erased last week's stability and triggered widespread deleveraging behavior. The market structure has been cleanly reset: leverage has significantly decreased, liquidity has returned to neutral, and spot participation has notably increased. Everything is now trading according to macro logic, but the major currency pairs no longer seem as fragile.From the perspective of market structure, the situation is actually improving: the basis has fallen to a cyclical low, with Bitcoin's 90-day annualized basis close to 4% to 5%, and Ethereum's close to 3% to 4%, reflecting a sustained increase in leveraged long positions. The total open interest of perpetual contracts has decreased from about $230 billion in early October to about $135 billion currently, clearing a significant amount of excess leverage and reducing the likelihood of further mechanical liquidations. The proportion of spot trading volume has increased, and considering the impact of the Thanksgiving holiday, the depth of spot supply is also better than expected. Lower leverage, negative funding, and healthier spot participation are typically what is needed before the market re-establishes itself after macroeconomic stability.

Tether CEO Paolo Ardoino responded to S&P's latest rating of Tether by stating, "We take pride in being hated by you."Paolo Ardoino pointed out that the traditional rating system has long led investors towards "investment-grade" institutions that ultimately collapse, raising global regulatory concerns about the independence of rating agencies. He stated that the traditional financial system is unwilling to see any company break free from its "failing gravity," but Tether has built the industry's first over-capitalized, toxic asset-free, and consistently highly profitable company, proving that the fragility of the old system is making the "emperor's new clothes" rulers uneasy.

Analysts say that Bitcoin has recovered from the massive liquidation and sell-off triggered earlier this week, currently trading at around $87,645, up 1.8% in the past 24 hours. Other cryptocurrencies have also rebounded, with ETH rising 0.5% to $2,834, XRP up 2.65% to $2.09, and Solana increasing 2.5% to $133. The entire crypto market has risen 1% in the past 24 hours.Analysts describe this price rebound as a "post-washout bounce," but note that it lacks sustained momentum. Vincent Liu, Chief Information Officer of Kronos Research, stated that Bitcoin's current trend resembles a "post-washout bounce," with shallow liquidity, fragmented trading flows, and buyers seeking stability while long-term holders accumulate. He expects Bitcoin to consolidate within a narrow range of $85,000 to $90,000, as liquidity remains thin and stop-loss orders are being cleared.BTC Markets crypto analyst Rachael Lucas mentioned that Bitcoin is consolidating after experiencing the deepest pullback of this cycle, and maintaining above $86,000 in the short term is positive, but the market structure remains "fragile." Lucas pointed out that if Bitcoin can hold above $88,000 consistently, it will confirm the bottoming process; conversely, failing to do so poses a risk of dropping to $80,000. Lucas stated that short-term traders remain cautious and are driven by capital flows, closely monitoring funding rates and liquidation levels for signs of stability. For institutions, it is currently a "rotation phase rather than an exit," and ETF outflows reflect risk management rather than abandonment.

ChainCatcher news, according to BitcoinTreasuries.NET monitoring, the Swedish listed company Fragbite Group (stock code: FRAG.ST) has purchased an additional 4 bitcoins, bringing the company's total bitcoin holdings to 28.88 bitcoins.

ChainCatcher news, according to a blog released by Uniswap Labs, Uniswap Labs has launched "Compact v1," a non-ownership ERC-6909 contract designed to reduce liquidity fragmentation across blockchains by managing "resource locks."The system allows for secure and reusable resource locks between cross-chain networks, providing developers with a shared framework to build customizable and composable systems. Compact v1 includes four core components: the allocator prevents double usage of resources, the arbitrator verifies whether commitment conditions are met, the court acts as the settlement engine for cross-chain exchanges, and the messenger provides backup verification for smart contract wallets. This system will be used to support cross-chain exchanges on UniswapX and has been adopted by the LI.FI and Rhinestone teams.Uniswap stated that the main challenge faced by cross-chain applications is the asynchronicity of different execution environments, which prevents atomic transactions. Compact v1 has undergone multiple independent security audits, and a complete audit report is expected to be released soon, and it has been incorporated into the Uniswap bug bounty program.

ChainCatcher message, Fragmetric official announced on X that Fragmetric Labs and DeFi Development Corp (NASDAQ: DFDV) will launch the first Solana digital asset treasury in South Korea through the acquisition of a listed company in South Korea.

ChainCatcher news, according to Jinshi reports, investment management company Payden & Rygel stated that whether the Federal Reserve will cut interest rates by 25 basis points or 50 basis points this week is just a "minor disagreement." Analysts pointed out that the key lies in the current labor market being in a fragile balance, which needs to avoid collapsing. The company expects the federal funds rate to gradually approach 3% in the next 12-15 months, while the current target range set by the Federal Reserve is 4.25%-4.5%.

ChainCatcher news, according to Glassnode market analysis, as Bitcoin's price has retreated from its historical high of $107,000, the market is currently above the cost basis of short-term holders. The spot market has entered the oversold zone due to the relative strength index (RSI), with momentum further weakening and trading volume declining, reflecting a decrease in market confidence. The spot CVD shows that selling pressure has eased, and the market has temporarily stabilized, but overall demand remains weak.The futures market shows cautious position allocation, with a decrease in open interest and a decline in financing payments. The perpetual contract CVD has slightly improved, leverage has decreased, and bullish sentiment has weakened. Traders are reluctant to expand their risk exposure, reflecting a defensive strategy after recent volatility.In the options market, open interest has decreased, participation has declined, and the volatility spread has narrowed, indicating complacency. However, the 25 Delta skew has surged above historical highs, highlighting strong demand for downside protection.Overall, the market structure is fragile, with bearish pressure dominating in spot, futures, and on-chain indicators. ETF inflows provide a temporary buffer, but shrinking trading volume and declining profitability indicate a lack of confidence. A rebound may occur in the short term, but unless demand grows strongly, the market may further consolidate.

ChainCatcher news, according to the official announcement, the Swedish listed company Fragbite Group has increased its holdings by 2.7 BTC, bringing the total holdings to 7 BTC.

ChainCatcher message, Multicoin Capital partner Kyle Samani posted on X, stating that the biggest problem with content coins is liquidity fragmentation, and creator coins might work. However, each creator has too many content coins, which means that even creators have no incentive to intelligently direct attention. And attention is the most scarce asset.