New Bitcoin Investors Lose $2.16 Billion in Recent Crash New Bitcoin (BTC) investors suffered a realized loss of $2.16 billion between February 25th and 27th, blockchain analytics firm Glassnode reported. According to the report, the largest losses came from investors who entered the market between a day and a week before the crash, with losses of $927 million, or 42% of the total sales.
Perplexity AI, the AI-powered search engine startup, has launched a $50 million venture fund to invest in seed and pre-seed startups, particularly in the AI and search technology space.
Bitcoin exchange-traded funds (ETFs) in the US had over $500 million in liquidity for the second week in a row.
A total of 12 Bitcoin ETFs recorded net outflows of $559.41 million in the week ended February 21, according to data from SoSoValue. The negative trend began the previous week with outflows of $585.65 million.
Afore Capital, a venture firm specializing in pre-seed investments, has raised $185 million for its fourth fund, expanding its ability to back early-stage founders.
Cherryrock Capital, the venture firm founded by former TaskRabbit CEO Stacy Brown-Philpot, has raised $172 million for its first fund, with backing from JPMorgan, Goldman Sachs, MassMutual, Pivotal Ventures (Melinda French Gates), Reid Hoffman, Mellody Hobson, and Sheryl Sandberg.
Bitcoin, which fell to $93,000 in the previous day's downtrend, rose 3% to $96,000 in today's trading. This increase in price indicates a return of demand and increased buying pressure in the cryptocurrency market. Analysts believe that breaking through the $96,000 level could be a sign of a continuation of the upward trend, but maintaining this level is necessary to confirm sustainable growth.
Phase, a Taipei- and Berlin-based startup, has raised $13 million in funding to expand its no-code UI/UX design platform, positioning itself as a competitor to Figma and Adobe After Effects.
Enduro Genetics, a synthetic biology startup based in Copenhagen, has secured €12 million in a Series A funding round led by Supernova Invest, NOON Ventures, and Sandwater.
French quantum computing startup Alice & Bob has secured €100 million in Series B funding to accelerate the development of its fault-tolerant quantum computer, which the company aims to complete by 2030.
Stockholm-based Wingbits, a decentralized physical infrastructure (DePIN) startup focused on aviation, has raised €5.3 million ($5.6 million USD) in funding.
Donald Trump’s meme coin breaks record with $38 billion in trading volume in 5 days.
The official token of US President Donald Trump, TRUMP, has been a huge success since its launch on January 17. According to data from analytics firm CryptoQuant, the token’s trading volume on centralized exchanges has reached about $38 billion. The highest trading volume was recorded on January 19 at $17 billion, but this figure has almost doubled in recent days. Binance exchange has the largest share of these transactions with $16 billion, followed by OKX and Bybit with $7 and $6 billion, respectively.
Toronto-based cleantech startup Basetwo has raised $16.5 million CAD ($11.5 million USD) in a Series A funding round to further develop its AI-driven platform designed to enhance manufacturing efficiency.
Stuttgart-based Sereact, a pioneering AI robotics company, has secured €25 million in a Series A funding round to expand the deployment of its Vision Language Action Models (VLAM) for autonomous robots.
David Sacks, who will soon be appointed as Donald Trump’s special assistant for digital currency and artificial intelligence, spoke at an event known as Trump’s crypto ball about the positive changes the Trump administration will implement in cryptocurrency-related policies. At the event, which also featured the unveiling of Trump’s official meme coin, Sacks declared: “The reign of terror against cryptocurrency is over and the beginning of innovation in America for this space has just begun.”
Renowned Analyst: Bitcoin is Ready to Break $120,000!
Bluntz, a well-known cryptocurrency analyst and trader with over 309,000 followers on the social platform X, recently stated that Bitcoin has seen “a sharp price move” after falling to around $89,200 and then quickly recovering. According to the analyst, Bitcoin is poised to rise by at least 17% from its current level. Bluntz believes that this rise could push the price of Bitcoin to over $120,000.
The cryptocurrency market is awaiting the release of important US inflation data, including the Consumer Price Index (CPI) and the Producer Price Index (PPI), which may cause extreme volatility in the price of Bitcoin and altcoins. According to forecasts, the annual CPI index may increase to 2.9 percent, which is higher than last month's figure. Also, PPI data due on Tuesday could indicate more inflationary pressures.
Hycamite, a Finland-based company specializing in clean hydrogen and industrial carbon production, has raised €44 million in a two-step Series A funding round.
