Bitcoin's price plunged below $64,000, and other cryptocurrencies experienced downturns, following reports of US and Israeli military strikes on Iran. This highlights gold's traditional role as a safe-haven asset during geopolitical turmoil, with gold-backed tokens also seeing surges.
"Fresh accounts netted $1 million on Polymarket hours before US airstrikes on Iran: Bubblemaps."
Institutional Adoption and Regulatory Landscape:
Morgan Stanley is reportedly doubling down on crypto, filing for a bank charter to custody digital assets and offer staking services.
The SEC is aiming to regain its footing in the crypto space, according to Chairman Atkins, following what he called a "missed opportunity."
Crypto.com has received conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter in the US.
Funding and Investments:
Crypto startups raised $883 million in February 2026, though this represents a 13% decline from the previous year.
Major funding rounds include Flying Tulip raising $206 million, Whop securing $200 million from Tether, and Anchorage Digital raising $100 million.
Investors are prioritizing projects with proven revenue and user growth, with stablecoins, AI, and institutional-grade tools being key investment focus areas.
Other Notable News:
A former Mt. Gox CEO has proposed a hard fork to recover $5.2 billion in Bitcoin from a 2011 theft.
Jack Dorsey's Block (formerly Square) is reportedly cutting a significant portion of its workforce as it pivots towards an AI strategy.
The IMF has released a global regulatory framework for crypto assets, aiming to promote global regulatory coordination and facilitate institutional entry.
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