Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

BTC Price Hits $93K Low

As of press time, BTC price traded at $95,116, down by 0.8% over the past day. The flagship coin swooped to a $93K low in the past 24 hours.

Strategy Raising Another $2B to Buy More Bitcoin

Strategy (MSTR), formerly MicroStrategy, is raising another $2 billion via 0% convertible notes. The underwriter greenshoe is for up to an additional $300 million of the paper, according to a press release.

Funds raised will be used mostly for the acquisition of additional bitcoin (BTC).

Led by Executive Chairman Michael Saylor, Strategy is the globe's largest corporate holder of bitcoin, with 478,740 tokens worth more than $45 billion at current prices.

Former US SEC official: SEC may end lawsuits against Coinbase, Binance, Ripple and other crypto companies

PANews reported on February 19 that John Reed Stark, a former US SEC official, wrote on the X platform that the SEC's lawsuit against Coinbase may have ended because the regulator's newly established cryptocurrency working group is seeking to resolve previous enforcement actions against the exchange.

Stark explained why the SEC requested a 28-day extension to respond to Coinbase's petition for permission to appeal. He said: "According to the 3-page joint motion, the SEC's review of cryptocurrency-related issues is 'ongoing', and the extension will give the SEC time to conduct an 'appropriate review' as it prepares a response to Coinbase's petition. In other words, the SEC's lawsuit against Coinbase may have ended."

Bitcoin Supporter Howard Lutnick Confirmed as US Commerce Secretary

Howard Lutnick, a longtime advocate of Bitcoin and former CEO of Cantor Fitzgerald, has been confirmed as the new US Secretary of Commerce. The Senate approved his nomination in a 51-45 vote, securing his position in President Donald Trump’s administration.

Following the confirmation, Bitcoin supporters, including Michael Saylor and Senator Cynthia Lummis, congratulated Lutnick. Saylor noted Lutnick’s strong backing of Bitcoin, while Lummis expressed confidence in his ability to boost the economy.

Bitcoin Spot ETF Flow

On Feb 18 (Eastern Time), the total net outflow for Bitcoin spot ETFs was $129.08 million, according to SoSoValue data.

The Bitcoin spot ETF with the highest net outflow on Feb 18 was Bitwise Bitcoin ETF , with a net outflow of $112.65 million. Following that was Fidelity Wise Origin Bitcoin Fund , with a net outflow of $16.42 million.

As of now, the total net asset value of Bitcoin spot ETFs is $112.25 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.92%.