Market update
Cointree Crypto Market Update - February 26th 2025
Market report for traders
đź”® BTC, ETH, and Altcoins
Over the last 7 days, Bitcoin ends at AU$138,921 moving -7.18% at the time of writing. Meanwhile, Ethereum ends at AU$3,914 moving -5.97% week-on-week. On the Altcoin side, Solana -13.47%, Dogecoin -15.56%, and XRP -9.42% change.
🗞 What’s happening in the news?
đź’ł Stablecoin Surge: How PayPal and Stripe Are Leading the Charge
PayPal and Stripe have both integrated stablecoin functionality, helping the market exceed AU$361 billion (USD$230 billion)—over 1% of the US money supply. This integration eases the adoption for tokens like USDC and PayPal USD (PYUSD). Notably, PayPal’s stablecoin soared past AU$1.57 billion (USD$1 billion), while Stripe’s support expanded cross-border payment options. Polygon Labs CEO Marc Boiron told Cointelegraph, “Companies like Stripe and PayPal integrating stablecoins is likely the primary catalyst for their growth.” The sector remains core to digital assets, with regulators closely monitoring developments and future use cases.
🔥 Political Figures Embrace Memecoins
Introduced earlier this year, the TRUMP memecoin quickly fell by 80% from its peak, paving the way for opportunistic copycat projects targeting high-profile leaders. Argentina’s President Javier Milei drew particular attention when his alleged promotion of LIBRA resulted in losses exceeding AU$393 million (USD$251 million) for over 13,000 investors. Similar incidents followed in Bermuda, Saudi Arabia, and Malaysia, where scammers posed as—or exploited—top officials. Experts say that these cases highlight how swiftly hype can turn into significant losses for unsuspecting buyers, highlighting the importance of thorough research and strong investor protections.
Read Sophia's Thoughts on Political Meme Coins Here
💰 Strategy’s Massive Bitcoin Acquisition
In its latest move, Strategy acquired 20,365 BTC at a total cost of roughly AU$3.14 billion (USD$2.0 billion). This purchase increased the company’s overall holdings to 499,096 BTC, cementing its reputation as a leading corporate investor in the cryptocurrency space. Despite questions about leveraging debt to fund these acquisitions, founder Michael Saylor remains resolute, describing the company’s strategy as a long-term commitment to Bitcoin. While concerns persist regarding market volatility and debt-financed buying, Strategy has so far reaped sizable gains from its early and consistent advocacy of the digital asset.
📖 What we’ve been reading
Brazil Set to Launch World’s First Spot XRP ETF
The Hashdex Nasdaq XRP fund is currently in a pre-operational phase, but does not yet have an official start date.
U.S. Law Enforcement Seizes $31M in Crypto Tied to Uranium Finance Hack
Hackers made off with approximately $50 million when the automated market maker was exploited in 2021.
Dubai recognizes USDC, EURC as first stablecoins under token regime
The Dubai Financial Services Authority has recognized the first stablecoins under its crypto token regime: USDC and EURC.
*Disclaimer: The information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions.*
