📢 Tapbit Daily Hotspot - February 28, 2025 🌟✨

📉 Market Overview:
⭕️ BTC/USDT: $79,898.90 (-6.50%)

💠 ETH/USDT: $2,121.58 (-8.93%)

🔸 Fear & Greed Index: 25 (Neutral)
❤️Market Cap: $3,001.98B

1️⃣ $1.22B $ETH Options Expire Tomorrow, Max Pain at $3,000 📉💰
According to Deribit data, $ETH options worth $1.22 billion will expire tomorrow, with a put/call ratio of 0.54. The max pain price is set at $3,000.

2️⃣ Meme Coins Are the New NFT Bubble, Era is Over? 🧐📉
Treeverse founder Loopify believes the meme coin era has ended, comparing it to the NFT boom of the last cycle. He points out that hype-driven trading and massive cash outs by insiders have drained liquidity from the crypto market.

3️⃣ Bitcoin Whale’s 50x Long Position Liquidated, Losing $10.39M 🐋💥
Onchain Lens reports that a whale who opened a 50x long $BTC position on HyperLiquid 2.5 months ago was liquidated, resulting in a $10.39 million loss. The address still holds 115,427 HYPE (-$265K) and 144.54 HFUN (-$33K).

4️⃣ U.S. Senator Cynthia Lummis: Bipartisan Crypto Legislation Coming Soon 🇺🇸📜
Pro-crypto Senator Cynthia Lummis announced in a Senate hearing that a bipartisan framework for stablecoins and market structure is in the works. This could shape future U.S. crypto regulations.

5️⃣ Bitwise Registers Aptos ETF in Delaware 🏛📄
Bitwise has officially registered an Aptos ETF in Delaware, signaling growing institutional interest in the Aptos ecosystem.

Stay ahead with Tapbit! 🚀🔥

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