Bitwise announced its acquisition of Chorus One, an institutional staking service provider, to expand its staking business across more than 30 proof-of-stake blockchains. The specific acquisition amount was not disclosed. Chorus One manages approximately $2.2 billion in staked assets and will be integrated into Bitwise Onchain Solutions, a subsidiary serving institutional investors, family offices, and financial platforms. This acquisition will enhance Bitwise's staking capabilities and research coverage on chains such as Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos, and TON. The terms of the transaction were not disclosed. Approximately 50 members of the Chorus One core team have joined Bitwise, and co-founder Brian Crain has been appointed as an advisor to Bitwise. (The Block)

Huoxun Finance News, February 24th - According to Cointelegraph, blockchain data analytics platform Nansen will establish a local entity and team in Greppu, Bhutan, to provide blockchain data and market intelligence to industry participants in the region. CEO Alex Svanevik stated that this move is not to replace their Singapore operations, but rather to establish a new entity. Greppu was chosen because of its vision of integrating digital assets into the economic framework from the outset. Greppu is a specially developed special administrative region in southern Bhutan, focusing on long-term economic development, and has previously announced a digital asset initiative encompassing custody infrastructure, tokenization, institutional liquidity, and regulatory frameworks. Nansen plans to recruit locally; team size and office details will be announced in the coming months.

Huoxun Finance News, February 24th - According to Globenewswire, CoinShares announced the launch of the CoinShares PhysicalHyperliquidStakingETP, providing investors with regulated, institutional-grade exposure to the Hyperliquid native token HYPE. The product has a 0% management fee, an annualized staking yield of 0.5%, and is listed on the German electronic trading platform Xetra.

According to Huoxun Finance on February 24th, CoinAnk data shows that in the past 24 hours, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $311 million, including $250 million in long positions and $60.1428 million in short positions. The total liquidation amount for BTC was $124 million, and the total liquidation amount for ETH was $75.9739 million.

Huoxun Finance News, February 24th - According to Cointelegraph, Bitcoin approached $60,000 during the opening session on Wall Street on Tuesday, with a daily drop of nearly 3%. Analysts warned that the 200-week exponential moving average has transformed from a support level into a potential resistance level, and a confirmed breach at the weekly close could trigger further bearish acceleration. Trader Jelle stated that the trend remains downward, and a rebound can only be discussed after the $60,000 mark is broken. Macro markets were generally under pressure, with gold falling 2% to $5,140, and US stocks opening lower, mainly due to the situation in Iran and the new US tariff policy. Analysis firm KobeissiLetter pointed out that the market has wiped out $800 billion in market capitalization due to excessive concerns about AI, and such "overly consistent expectations" often don't win. Trader CryptoScient is focusing on the "fair price gap" near $45,000, stating that low-liquidity areas formed after a rapid price move out of a range are usually filled, and this area is expected to be reached before a meaningful bottom is formed.