GateNews

The City Protocol of the Base ecosystem has launched the Virality Leaderboard, an AI real-time ranking of creators, with an initial prize pool of $20,000 worth of CP tokens. This leaderboard is designed as an open reward distribution layer, allowing any project to join in the future. Users can participate by completing simple tasks.

Strategy CEO Phong Le stated that AI could create a destructive cycle, threatening core values such as human relationships and democracy, while Bitcoin can establish a virtuous cycle, strengthening the foundation of human civilization, indicating a symbiotic relationship between digital currency and AI.

Fintech company Block announces layoffs to approximately 6,000 employees, mainly due to profit re-pricing in the payments industry. Artificial intelligence tools have increased efficiency, but low-cost alternatives to traditional card swipe fees through stablecoin payments have made high-fee models difficult to sustain. This adjustment is seen as an early move to anticipate downward pressure on fees. The market reacted positively, with stock prices rising. Payment companies are facing a stress test on their revenue and cost structures.

UniSat officially announced recently that it will actively monitor changes in the Bitcoin ecosystem, continue supporting mainnet development, and roll out a series of upgrades, including lowering market participation thresholds, expanding UniHexa invitations, technical discussions on brc-20 single-step transfers, and upgrading the UniSat API. Additionally, UniSat will invest in the Fractal standard indexing service and plans to purchase at least 500,000 FB tokens for staking.

Bitwise CEO Hunter Horsley stated that with the proliferation of AI, handwritten cards are becoming more valuable due to their uniqueness and rarity, while perfect things are no longer cherished. This trend is also reflected in vintage cars, handcrafted watches, and original artworks. Humans tend to assign greater meaning and value to things they put more effort into.

Japanese financial group SBI Holdings and Startale Group launch the Japanese Yen stablecoin JPYSC, targeting institutional and cross-border payments, supported by trust banks, and compliant with regulatory frameworks. The project is expected to go live in the second quarter of this year after regulatory approval.

Gate News bot message, Polymarket trader SCssss returned after over a year of silence and placed a $150K bet on the U.S. confirming the existence of aliens before 2027, at odds of only 16.8%.
One year ago, the same trader bet on Harris winning the U.S. election.

Swyxtx Chief Analyst Pav Hundal stated that Ethereum's price has already priced in a lot of short-term uncertainties and may continue to be subdued in the coming weeks. He mentioned that geopolitical tensions and the progress of the U.S. "Clear Act" have been reflected in the market, while the liquidation event in October last year dragged down the market, and consumer sentiment remains a key concern.

Market expectations that Federal Reserve Chair nominee Wosh will cut interest rates immediately upon taking office have cooled, and the IMF expects the US economy to accelerate and inflation to gradually decline. Mortgage rates have fallen to 5.98%, easing homebuying burdens. The crypto market BTC price fluctuates, with a clear short-term liquidity structure.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $70,867, the total liquidation strength of long positions on major CEXs will reach $1.455 billion. Conversely, if BTC drops below $64,243, the total liquidation strength of short positions on major CEXs will reach $1.005 billion.

ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,147, the total liquidation strength of long positions on major CEXs will reach $972 million. Conversely, if ETH drops below $1,944, the total liquidation strength of short positions on major CEXs will reach $599 million.

The total pledged amount of GT mining products on the Gate platform has reached 4,000.05 GT. It offers multiple staking options with different cryptocurrencies, with annualized yields of GUSD 3.20%, BTC 5.49%, ETH 5.60%, SOL 11%, and USDT 3.44%. The minimum GT stake is 1 GT, supporting flexible staking and redemption to ensure the safety of user assets.

PANews February 27 News, Platform X has launched a user profile post filtering feature that supports sorting by “Latest” and “Most Liked,” and allows categorization by reply, quote, video, and other types. This feature helps evaluate the engagement performance of different types of content on an account. Some users are calling for further enhancements, such as filtering high-engagement posts by time intervals (e.g., 1 day, 1 week, 1 month) and sorting by views, comments, shares, and other metrics to more efficiently identify and analyze high-quality content on accounts.

Due to the ioTube cross-chain bridge being attacked, IoTeX has decided to discontinue CIOTX and shut down the related bridges. Compliant holders can apply for compensation. The unaffected BSC/Polygon/IoTeX bridges will be restored after auditing. The related CIOTX will be fully delisted.

Bitcoin mining company TeraWulf releases earnings report, with revenue reaching $168.5 million in 2025, a 20.3% year-over-year increase, but net loss expanding to $661.4 million. The company's strategy has shifted toward AI and cloud computing, with long-term data center leases signed and plans to expand infrastructure capacity.

Odaily Planet Daily reports that Cointelegraph posted on the X platform that Solana has launched Solana Payments, allowing developers to access a real-time payment simulator, developer documentation, and case studies to start building on-chain.

The US Dollar Index slightly retreated to 97.76 within 24 hours, showing a low-level fluctuation, and has fallen more than 8% over the past 12 months. Gate TradFi has launched foreign exchange trading services and CFD trading, covering a variety of traditional financial assets to enhance user trading experience and VIP benefits.

Base chain AI trading platform DX Terminal Pro draws attention, allowing users to guide AI agents to trade via NFTs. The platform offers transparent trading, with Meme coin POOPCOIN reaching a market cap of $3.72 million, and the top-ranked AI agent has already made a profit of $294,000.

Recently, Bitcoin prices have pulled back, but spot Bitcoin ETF investors' holdings remain stable. Although there has been a net outflow of approximately $6.5 billion since early October, this is limited compared to the $55 billion net inflow. Over the past three days, spot Bitcoin ETFs have experienced a net inflow of over $1 billion.