Daily Market Brief•Feb 28, 2025

Daily Market Brief 250228

  • Markets were mixed: $BTC at $84,714.58 (+0.6%), and $ETH is at $2,307.73 (-1.3%).

  • The SEC has officially dismissed its case against Coinbase with prejudice and agreed to end its case against MetaMask. This follows yesterday's headline that the SEC closed its investigation into Gemini and will not pursue enforcement action, 699 days after starting their investigation.

  • A few other headlines include: BitMEX seeking a buyer after being fined $100MM for violating the Bank Secrecy Act; two Solana futures ETFs appearing on the DTCC list with tickers SOLZ and SOLT; and President Trump reshaping the government to be increasingly pro-crypto.

  • During the last 24 hours, the top three gainers were $SAFE, $MORPHO, and $GLM, while the top three losers were $RUNE, $IP, and $SPX.

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