executive

Today, Bitget, in collaboration with media outlet Rhythm, held an online live broadcast themed "Dialogue with Bitget Executives: A Comprehensive Breakdown of the SpaceX Ticket, from Capital Privilege to Universal Sharing," providing a systematic interpretation of the product mechanisms of IPO Prime and preSPAX.Ken, the product head of Bitget IPO Prime, stated that IPO Prime is not the traditional "new coin listing," but rather utilizes digital tokens issued by the regulated issuer Republic to transform the high-threshold, low-liquidity non-standard assets of the primary market into priceable, tradable, and exit-able digital products.Ken pointed out that Pre-IPO opportunities have long been scarce, not only because the targets are of high quality but also due to the inherent high thresholds, strong circles, and low liquidity issues in the primary market. The launch of IPO Prime by Bitget aims to provide users with the opportunity to access potential economic benefits before the listing of unicorn companies through clearer product design and trading mechanisms within a compliant framework.The first phase of the preSPAX launched is an important attempt in this direction, focusing on providing users with a more flexible and tradable participation path.He further stated that from crypto trading to UEX, and now extending to the primary market, Bitget has been continuously pushing the boundaries of trading. In the future, the platform hopes to do more than just list more assets; it aims to further bridge the previously fragmented opportunity structures between different markets, allowing users to access earlier, higher quality, and more diverse global asset opportunities within the same system.

The President of the Hong Kong Monetary Authority, Eddie Yue, stated that the first batch of stablecoin issuers has been granted licenses today. Based on the business plans of the licensees, they intend to commence operations in the coming months once the relevant preparations are completed.Eddie Yue expressed hope that the issuers will carry out their business as planned, actively explore development opportunities while managing risks, promote the application of compliant stablecoins, and address pain points in financial and economic activities. At the same time, the public should remain vigilant against any fraudulent activities or scams claiming to be related to the licensees or the stablecoins they issue. When purchasing or using stablecoins, regulated channels should be used, and if there are any doubts, they should refer to the records of the Monetary Authority to verify the identity of the licensees or contact the licensees for further inquiries.

The crypto super political action committee Fellowship PAC announced the appointment of Jesse Spiro, Tether's U.S. executive, as chairman to lead political actions supporting pro-crypto candidates.This appointment comes at a time when the advancement of the Digital Asset Market CLARITY Act in the Senate is stalled. The current point of contention is whether to allow platforms to provide yields or incentives for stablecoin holdings, which has become a key obstacle to reaching consensus on the bill. Recently, some crypto companies, including Coinbase, have expressed reservations about the latest version of the bill, while stablecoin issuer Circle is also facing market pressure due to policy uncertainty. Analysts point out that as the midterm elections approach, the crypto industry is ramping up political lobbying efforts in an attempt to secure a more favorable policy environment regarding regulation.

The U.S. Department of Justice's Northern California Prosecutor's Office announced that 10 executives and employees from four cryptocurrency market-making firms have been charged with allegedly manipulating token trading volumes and prices through wash trading, involving Gotbit, Vortex, Antier, and Contrarian.Three of the defendants have been extradited from Singapore to the U.S., and two others have pleaded guilty and been sentenced. The FBI and the IRS Criminal Investigation Division even created multiple cryptocurrency tokens during an undercover operation to investigate illegal volume manipulation and price inflation within the industry. Over $1 million in cryptocurrency assets have currently been seized.

California Governor Gavin Newsom signed an executive order prohibiting government-appointed officials from using non-public information obtained during their duties to engage in insider trading for profit in prediction markets, and expanded the ban to include their spouses, family members, and former business partners. The executive order specifies that public officials appointed by the governor may not use "confidential or non-public information" to bet on political or economic events related to their duties. Newsom stated that public service should not become a tool for profit and emphasized the need to draw a clear line between power and interests.

South Korean President Lee Jae-myung nominated Shin Hung-song, the head of the Monetary and Economic Department of the Bank for International Settlements (BIS), to serve as the governor of the Bank of Korea. Shin Hung-song stated last year that the issuance of a Korean won stablecoin is "an effective shortcut to bypass existing foreign exchange controls," which could open the door for capital outflows, and he immediately resigned from his BIS position after the nomination.Previously, Lee Jae-myung had listed the issuance of a Korean won stablecoin as a core campaign issue, but the Bank of Korea has consistently blocked the advancement of related legislation. Several large tech companies in South Korea have been waiting for stablecoin policies to be implemented for months. A report released by the BIS last year pointed out that stablecoins do not possess the functions of stable currencies and could pose risks to financial stability and monetary sovereignty. Industry insiders indicate that Shin Hung-song's stance on stablecoins will be closely monitored after he takes office.

According to The Block, Nasdaq-listed tokenization company Streamex Corp. (stock code: STEX) has announced the appointment of Christine Plummer as Chief Financial Officer.Plummer has worked at Morgan Stanley for over twenty years and then served as the Global Financial Director at cryptocurrency exchange Coinbase. Streamex stated that Plummer will be responsible for overseeing the company's financial operations and driving the expansion of its institutional platform.Streamex primarily focuses on the tokenization of physical assets such as gold. In February of this year, the company launched the tokenized securities product GLDY, aimed at providing investors with exposure to gold and generating returns. The company believes that gold tokenization has the potential to surpass Bitcoin in terms of trading volume, market capitalization, and institutional adoption rate.

Takatoshi Shibayama, the head of Ledger's Asia-Pacific region, stated that if the United States implements a broader ban on stablecoin yields, discussions will take place among institutions, stablecoin issuers, and regulators in other countries. He pointed out that countries like Australia have provided regulatory exemptions for stablecoin issuers, but currently, most stablecoins do not offer yields or rewards to users even outside the United States, in order to protect banking interests.If U.S. policies change, discussions between stablecoin issuers and regulators in various countries about allowing yields to be passed on to users will significantly increase. The U.S. Senate is currently advancing a cryptocurrency regulation bill, but provisions supported by banking lobby groups that prohibit third-party platforms from offering stablecoin yields have stalled the legislation, which has drawn opposition from cryptocurrency industry lobbyists.Shibayama also mentioned that the way Asian financial institutions are focusing on the cryptocurrency industry has changed, with a certain degree of decoupling from cryptocurrency and blockchain technology since last year. Institutions are more focused on the tokenization of financial products and the issuance of stablecoins, rather than on DeFi and staking, which are native cryptocurrency products. Assets like Bitcoin and Ethereum are excluded from discussions. However, asset management companies are still considering launching cryptocurrency products to enrich client options.

Coinbase shareholder Kevin Meehan filed a derivative lawsuit on behalf of the company, accusing CEO Brian Armstrong and other executives of making misleading statements between April 2021 and June 2023, failing to adequately disclose the risks of customer asset custody, the securities law risks of token listings, and anti-money laundering compliance deficiencies. The lawsuit also names Coinbase co-founder Fred Ehrsam, Chief Operating Officer Paul Grewal, and President and Chief Operating Officer Emilie Choi.The complaint states that the Coinbase user agreement describes custodial wallet assets as "assets held by the company on behalf of customers," but does not disclose that these assets may be included in the bankruptcy estate if the company goes bankrupt, potentially leaving retail users as ordinary unsecured creditors. Meanwhile, the company claims that the token listing review process can "ensure that no securities appear on the platform," yet some tokens still face securities risks.

The documents show that two directors of the Bitcoin mining company American Bitcoin (ABTC), supported by the Trump family, collectively increased their holdings by approximately 1.63 million shares of the company stock after the earnings report disclosure window reopened. Among them, Justin Mateen purchased about 1.3 million shares at an average price of around $1, while Richard Busch bought about 330,000 shares in the past two days. The company previously announced a net loss of approximately $59 million for the fourth quarter of 2025.Co-founder Eric Trump stated that the company currently holds over 6,500 Bitcoins, an increase of about 500 since the last disclosure, ranking 17th among publicly traded companies in Bitcoin holdings globally. ABTC employs a dual strategy of "mining + direct purchase," with about one-third of its Bitcoins coming from mining and the rest acquired through market purchases and strategic trades. The company also announced the acquisition of 11,298 ASIC miners, which is expected to increase its hash rate by approximately 12%. Currently, Eric Trump and Donald Trump Jr. collectively hold about 20% of the company's shares.

According to Cointelegraph, the UK House of Lords questioned Coinbase's Vice President of International Policy, Tom Duff Gordon, on Wednesday, focusing on whether stablecoins could lead to a loss of bank deposits and pose new risks to the UK financial system.Gordon stated that fully reserved and regulated stablecoins are "safer than uninsured bank deposits" because they are backed 1:1 by cash and high-quality government securities and can be redeemed at face value. He emphasized that stablecoins can significantly reduce payment costs and accelerate cross-border payments.Members of the UK House of Lords questioned the redemption risks of stablecoins during a crisis, their potential impact on banks, and their role in criminal activities. Gordon countered that concerns about disintermediation from banks are "greatly exaggerated" and emphasized that Coinbase strictly enforces KYC and anti-money laundering measures.Adam Jackson, Chief Strategy Officer of Innovate Finance, warned that the UK could establish a regulatory regime "stricter and less competitive than the EU's MiCA framework," causing the UK to fall behind the US and Europe in the competition for stablecoin innovation.

Bitget has launched the "Crypto Anti-Bias Pledge" as an important part of its International Women's Day series of activities. This initiative focuses on three core areas: lowering educational and industry entry barriers, promoting equal career development opportunities, and implementing a "zero tolerance" policy against discrimination and harassment in professional and community environments.Bitget CEO Gracy Chen stated that through the Blockchain4Her public welfare program, which has established a special fund of $10 million, Bitget is driving industry improvement through educational collaboration and corporate governance practices. The platform has partnered with UNICEF to provide blockchain and digital skills training to 300,000 young people globally, with an expected female participation rate of 90%.Internally, approximately 40% of executive positions at Bitget are held by women, and a performance-based promotion mechanism has been established. The latest internal assessment shows that several top-performing employees are women, reflecting a talent development culture focused on capability and performance.

According to on-chain detective ZachXBT, multiple employees of the cryptocurrency trading platform Axiom Exchange have been accused of exploiting internal tool access vulnerabilities to view sensitive user information and track private wallet activities since early 2025, allegedly engaging in insider trading. ZachXBT specifically pointed out that employee Broox Bauer is one of the individuals involved.Axiom was founded by Mist and Cal in 2024 and completed Y Combinator incubation in the winter of 2025, becoming one of the most profitable companies in the field, having generated over $390 million to date. ZachXBT stated that he was hired to investigate the platform's misconduct allegations after receiving reports.

The U.S. Securities and Exchange Commission (SEC) announced that former Chainlink Labs Deputy General Counsel Taylor Lindman has joined the SEC as the Chief Legal Counsel for the Crypto Task Force, succeeding Michael Selig, who was recently promoted to Chairman of the Commodity Futures Trading Commission (CFTC).Lindman worked at Chainlink for over five years, primarily responsible for legal matters related to the oracle network and smart contract data infrastructure. The SEC's Crypto Task Force was established last year, focusing on regulatory discussions around tokenization and decentralized finance, aiming to advance the development of a regulatory framework for cryptocurrency in the U.S.

According to Cointelegraph, Robinhood's head of cryptocurrency, Johann Kerbrat, recently stated that amid the ongoing market downturn, crypto investors are gradually turning their attention to assets beyond Bitcoin and Ethereum. He noted that many investors view the current market as a "buying opportunity" and are beginning to explore more options outside the top two or three cryptocurrencies.At the same time, Kerbrat revealed that cryptocurrency holders on the Robinhood platform are not just holding tokens but are actively exploring use cases such as staking and DeFi, which continue to show strong appeal amid market uncertainty.However, the Altcoin Season Index data shows that the market still primarily favors Bitcoin, with a Bitcoin season score of 33/100. Additionally, the U.S. Bitcoin spot ETF has seen net outflows for five consecutive weeks, totaling approximately $3.8 billion, reflecting that market sentiment has remained in a state of "extreme fear" since early February.

According to The Block, the White House held a third closed-door meeting on Thursday, inviting representatives from the crypto industry to discuss the stablecoin reward mechanism with banking groups. The meeting lasted for several hours and was described by attendees as a "constructive dialogue," but no final compromise has been reached.Ji Hun Kim, CEO of the Crypto Council for Innovation, stated that the meeting advanced the framework building based on previous discussions, aiming to enhance U.S. competitiveness while protecting consumers. Coinbase's Chief Legal Officer Paul Grewal also described the discussions as "cooperative in tone and constructive," suggesting that negotiations will continue.The stablecoin holding reward mechanism is a key point of contention in the current crypto market structure legislation. Sources revealed that the White House proposed some principled plans allowing companies to offer rewards based on specific activities or account balances, but the banking sector remains cautious. It is still uncertain whether a next round of meetings will be held. Attending organizations included Ripple, the Blockchain Association, the Crypto Council for Innovation, and several major banking associations.

According to Bloomberg, cryptocurrency exchange Gemini Space Station Inc. announced on Tuesday that its Chief Operating Officer, Chief Financial Officer, and Chief Legal Officer will leave the company immediately.Documents submitted by Gemini to the Bloomberg Terminal show that executives Marshall Beard, Dan Chen, and Tyler Meade are leaving the company effective immediately. Notably, Marshall Beard, who also served as a member of the Gemini board, has resigned from his board position as well, and the company stated that his departure is not due to any disagreements with the company.

According to Bitcoin.com, Jurrien Timmer, the Director of Global Macro at Fidelity, stated on the X platform that Bitcoin recently dropped to $60,000, reaching the support area predicted months ago, suggesting that the bear market bottom may have formed and a new expansion phase could begin.He pointed out that the drop to $60,000 is relatively shallow, and as Bitcoin matures, volatility will gradually decrease. He expects that after several months of consolidation, a new bull market cycle will start, potentially reaching new highs.Timmer included chart analyses indicating a correlation between Bitcoin prices and global money supply, with $60,000 serving as a technical support level. Another chart titled "The Maturity Path of Bitcoin" depicts its historical waves: from early $2 and $24 to breaking the $64,000 high, pointing towards a projected sixth wave area of $290,425. This model integrates curves and macro variables, outlining a long-term framework towards $1 million.He emphasized that if the cyclical patterns and adoption trends continue, Bitcoin is expected to progress along a structured maturity path after consolidating at $60,000.

According to CoinDesk, Steve Kurz, the Global Head of Asset Management and Co-Head of Digital Assets at Galaxy Digital, believes that the recent decline in cryptocurrencies is due to liquidity and leverage release rather than systemic failure. This indicates that the cryptocurrency cycle is more mature than in 2022, and most forced selling may have already been absorbed by the market.The development of stablecoins, tokenization, and the integration of blockchain with traditional finance is accelerating, making cryptocurrencies both a financial asset and a core part of the financial system. Steve Kurz expects that cryptocurrencies will not experience a V-shaped recovery but will go through a period of range-bound fluctuations. Subsequently, with the injection of institutional capital and the ongoing "great integration" of cryptocurrencies with traditional finance, cryptocurrency prices will gradually rise.

The Ethereum Foundation's Co-Executive Director Tomasz Stańczak will step down at the end of February 2026, to be succeeded by Bastian Aue, who will co-lead with the current Co-Executive Director Hsiao-Wei.Tomasz stated that over the past year, the Ethereum Foundation has achieved multiple goals, including accelerating decision-making, enhancing communication with the younger generation, bringing new energy to the builder community, improving open communication on social media and podcasts, being more open to institutional participation, supporting founders, and formulating treasury policies. After stepping down, Tomasz plans to continue participating in the Ethereum ecosystem as a core developer, focusing on proxy core development and governance work. He emphasized that Ethereum is becoming the underlying verification and transaction platform for financial infrastructure, with 2025 being a clear choice for institutions.