On March 4, Morgan Stanley updated its Form S-1 for the Morgan Stanley Bitcoin Trust, designating Coinbase Custody and BNY Mellon as its key custodial partners. The bank plans to run the spot Bitcoin ETF similarly to a traditional ETF structure, using cold storage for Bitcoin and providing custody insurance while sharing some liabilities with customers.

XRP Ledger developer Panos Mekras has highlighted a new RLUSD liquidity pool incentive on the XRP/RLUSD pair, offering a 12.8% APR and drawing around $500,000 in XRP liquidity in less than 24 hours. He noted that a similar proposal his team made in 2025 was not supported by Ripple, and urged the company to use the one billion XRP reserved for community initiatives to back DeFi builders. Despite this progress, XRP Ledger still trails leading DeFi ecosystems in total value locked, fee generation and active addresses.

On-chain data over the past week indicate that about 470 million XRP, worth roughly $472 million, have flowed from the XRP Ledger to Binance, raising the risk of a sell-off. During the same period, XRP slipped 1.08% to $1.36 as daily volume dropped 25%, pointing to weaker liquidity. If these inflows trigger selling, analysts see a potential retest of $1.30 support, while sustained market strength could instead push the price toward $1.50.

Major Ethereum holder BitMine is currently facing unrealized losses of $7.34 billion as the ETH price hovers around the $1,900 level. The firm's large, leveraged Ethereum position has come under pressure after ETH fell 26.59% over the past 30 days to about $1,941, with trading volumes and open interest also declining. BitMine recently expanded its ETH holdings to 4,371,497 ETH worth $8.68 billion and staked more than half of its reserves, underscoring its long-term bullish bet despite the sharp drawdown.

On February 27, 2026, $8.7 billion in Bitcoin and Ethereum options are scheduled to expire on Deribit, potentially amplifying volatility. According to Deribit, Bitcoin accounts for $7.7 billion in notional exposure and Ethereum about $975 million, with max pain levels at $75,000 and $2,200.

On February 26, 2026, the Crypto Fear & Greed Index climbed to 16 from 11 over 24 hours, according to CoinMarketCap, as Bitcoin rebounded from a weekly low of $60,074. BTC last traded near $67,729 after touching $69,953.53 intraday, while Ethereum rose to $2,050 (+2.8%) and BNB advanced 4% to $625.

In the last 24 hours, Shiba Inu's open interest reportedly declined by 5% to 9.9 trillion SHIB worth $62.79 million, even as the token staged a modest price rebound. Over the same period, SHIB's price rose from $0.000006066 to a high of $0.000006486, with trading volume jumping 36.5% to $141.48 million. Market participants remain cautious as the meme coin struggles below its 26-day EMA and continues to print lower highs and lower lows.

The Coinbase Bitcoin Premium Index turned positive after nearly two months in the red, with BTC priced at least $10 higher on Coinbase than on Binance. On February 25, 2026, Bitcoin traded at $67,151.18, up 5.98% in 24 hours. Analysts cautioned this is not a full trend reversal, but it points to rising U.S. interest.

According to the latest CoinShares data, crypto investment products posted $288 million in weekly outflows, marking a fifth consecutive week of redemptions and bringing total withdrawals to $4 billion. Bitcoin led the decline with $215 million in outflows, while Ethereum and Tron also saw institutional selling. In contrast, XRP and Solana attracted modest inflows of $3.5 million and $3.3 million respectively, with Chainlink adding $1.2 million, even as overall market sentiment remained bearish.