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Gelonghui, February 24th｜India's NIFTY IT index fell by 4.7%, dropping to its lowest level since August 2023.

PANews, February 24 – According to The Crypto Basic, Ark Invest founder Cathie Wood reiterated her strong confidence in bitcoin during an interview with Bloomberg, stating that it is "undoubtedly" superior to gold. She believes that bitcoin serves as a hedge against both inflation and deflation, and its digital nature gives it a structural advantage in the modern financial system, while the demand pattern for gold has already matured. Wood pointed out that bitcoin is still in the early stages of institutional and retail adoption, with institutional exposure still developing, and that younger investors are increasingly favoring digital assets over physical gold. She believes bitcoin represents a once-in-a-generation shift in store-of-value investment. Although Wood remains optimistic, market data shows that bitcoin has fallen by 27.7% so far this year to $63,269, while gold has risen by 19% to $5,180 per ounce, with traditional safe-haven assets outperforming in the short term. Wood emphasized focusing on structural adoption trends rather than short-term price fluctuations.

PANews reported on February 24th, citing Lookonchain monitoring, that whale 0xcd6b deposited 7.35 million USDC into an exchange to go long on NVDA and SNDK stocks. Currently, the whale holds 61,951 shares of xyz:NVDA (11.94 million) and 2,920 shares of xyz:SNDK (2 million) in long positions, with an additional limit order of 40,778 shares of xyz:NVDA (4.53 million) pending execution.