Odaily Planet Daily reports that Hong Kong-based stablecoin payment company RedotPay is considering a US IPO, potentially raising over $1 billion. Sources familiar with the matter revealed that RedotPay is working with JPMorgan Chase & Co., Goldman Sachs Group Inc., and Jefferies Financial Group Inc., planning a listing in New York as early as this year. The company may seek a valuation exceeding $4 billion. (Bloomberg)

Odaily Planet Daily reports that 10x Research published a report on its X platform stating that the dynamics of Bitcoin options expiration, political uncertainty, and concentrated positioning will collectively determine whether the $60,000 price level will be supported or broken in the coming days. The market is not pricing in tail event risks, but rather positioning itself against a baseline scenario. Understanding the probabilities, fund flows, and incentive structures within this scenario is crucial, as price movements can be far more driven by fundamentals when gamma turns negative and positions are crowded. The report re-examines how the current political context is driving risk asset consolidation and emphasizes the potential market impact of recent significant shifts. Positioning, policy uncertainty, and volatility dynamics suggest the need for patience and realism. The report assesses whether $60,000 should be considered a tail risk or an increasingly reasonable baseline scenario. In the current environment, preparation rather than prediction is paramount, and understanding probabilities is essential.

According to Odaily Planet Daily, the South Korean KOSPI index closed up 123.55 points, or 2.11%, at 5969.64 on Tuesday, February 24. (Jinshi)

According to SoSoValue data, on February 24th, Bitcoin spot ETFs saw a net outflow of $204 million yesterday (February 23rd US Eastern Time; February 24th Beijing Time). VanEckHODL saw the largest net inflow at $6.3535 million, while BlackRock IBIT experienced the largest net outflow at $116 million. The current total AUM of ETFs is approximately $80.738 billion, with a cumulative net inflow of $53.809 billion, resulting in a net asset value ratio of approximately 6.26%.

According to Huoxun Finance on February 24, South Korean cryptocurrency exchange Bithumb will support Espresso (ESP) to be listed on the Korean Won trading market.