Gate Daily (February 27): Trump family’s mining company American Bitcoin loses $150 million; Goliath's former CEO arrested for Ponzi scheme.

Bitcoin (BTC) failed to sustain its rebound trend and fell back to around $67,000 on February 27. The Trump family-affiliated mining company American Bitcoin (ABTC) reported a full-year loss of $153.2 million in 2025, with revenue below analyst expectations. Goliath Ventures’ former CEO was arrested for allegedly operating a $328 million crypto Ponzi scheme.

Macro Events & Crypto Hotspots

1. American Bitcoin Corp., a mining company linked to the Trump family, reported that due to falling Bitcoin prices, the value of its digital asset holdings decreased, resulting in a net loss of $59 million in Q4 and a full-year net loss of $153.2 million. Headquartered in Miami and listed on Nasdaq (stock symbol: ABTC), the company stated that for the three months ending December 31, total revenue was $78.3 million, up from $64.2 million in the same period last year but slightly below analyst expectations of $79.6 million. The company’s full-year revenue was $185.2 million.

2. According to Decrypt, the U.S. Central District of Florida Federal Prosecutor’s Office announced that Christopher Alexander Delgado, former CEO of crypto investment firm Goliath Ventures, was arrested for allegedly operating a $328 million Ponzi scheme, facing wire fraud and money laundering charges, with a maximum sentence of 30 years. The indictment shows Delgado lured victims by promising to invest in crypto liquidity pools with monthly returns, but funds were used to pay early investors, purchase luxury homes, and fund lavish events. The monthly returns received by investors were actually from later investors’ funds. Law enforcement has confirmed victims will receive notices of their rights.

News & Updates

1. Magic Eden plans to shut down its Bitcoin and EVM markets and terminate its multi-chain wallet.

2. Cardone Capital is preparing to tokenize approximately $5 billion in real estate assets.

3. Anthropic states it refuses to accept the Pentagon’s “final plan.”

4. Foreign media reports that PayPal and Stripe are not currently in negotiations; PayPal has no plans to sell itself.

5. Block is cutting 4,000 employees, nearly half of its workforce.

6. U.S. Congress member introduces new legislation to protect crypto developers from criminal misuse.

7. U.S. Senator Lummis responds to SBF: the CLARITY Act will keep you in jail longer.

8. Federal Reserve’s Bowman: ensure the banking system can support digital asset activities responsibly and encourage innovation.

9. MEV Capital’s asset management shrank 80% in four months; the team was absorbed by Belem.

Market Trends

1. Latest Bitcoin news: BTC failed to maintain its rebound and dropped back to around $67,000, with $72 million in liquidations over the past 24 hours, mostly long positions.

2. Nvidia’s stock price on February 26 experienced its largest single-day drop since last spring. Despite most Wall Street stocks rising, Nvidia’s decline dragged the US stock market lower. The Dow Jones Industrial Average rose slightly by 17.05 points or 0.03%, closing at 49,499.20. The S&P 500 fell 37.27 points or 0.54%, closing at 6,908.86. The tech-heavy Nasdaq dropped 273.70 points or 1.18%, closing at 22,878.38. The Philadelphia Semiconductor Index plunged 270.17 points or 3.19%, closing at 8,197.26.

(Source: Gate)

3. According to Gate’s BTC/USDT liquidation map, with the current price at $67,205.70, if the price drops to around $65,932, total long liquidation exceeds $328 million; if it rises to around $68,812, total short liquidation exceeds $490 million. Short positions are significantly more liquidated than longs, so it is advisable to control leverage ratios carefully to avoid large-scale liquidations during market fluctuations.

(Source: Coinglass)

4. In the past 24 hours, spot inflows totaled $3.03 billion, outflows $3.23 billion, net outflow $200 million.

(Source: Coinglass)

5. Over the past 24 hours, contracts for $DOT, $ADA, $XAG, $POWER, and $PIPPIN saw net outflows, indicating trading opportunities.

KOL Insights

Phyrex Ni (@Phyrex_Ni): “Actually, today’s analysis wasn’t hard to write; I almost predicted everything yesterday. The only unexpected thing was CRCL’s continued rise—I really didn’t see that coming. But today, the US stock market’s pullback also caused BTC to retrace, which is very normal. Yesterday’s rise was partly driven by Circle’s sentiment boost and partly by Nvidia’s earnings confirming the AI story can continue. But currently, the market’s biggest issue is liquidity.”

“Liquidity can’t be fully realized through earnings reports; the most likely source of liquidity upgrade is the Federal Reserve’s monetary policy. The upward momentum driven by sentiment won’t last long, especially since the articles clearly state that institutions, hedge funds, and even retail investors are all selling. Institutional cash reserves are at nearly all-time lows, and positions are very heavy.”

“In such a situation, any upward movement is likely to be driven by institutions withdrawing liquidity. Only when their funds are more abundant can they push prices higher during short-term liquidity shortages. It will probably take some time, and focus should still be on monetary policy and mid-term elections in the second half of the year.”

“Looking at Bitcoin data, the turnover rate continues to decline, but the volume of trading also decreases, indicating investor buying sentiment is waning. The buying power driven by sentiment can’t last long. The US stock decline also discourages investors from chasing gains. Early investors remain mostly unchanged, continuing to stay on the sidelines.”

“Data also clearly shows that the chip structure remains very stable, but price changes are mostly influenced by short-term investors. During upward phases or when volatility decreases, short-term investors tend to reduce trading interest. We should wait a bit longer.”

Today’s Outlook

1. France February Consumer Price Index (monthly preliminary), previous -0.3%
2. Switzerland Q4 Gross Domestic Product (quarterly), previous -0.5%
3. Switzerland Q4 Gross Domestic Product (annualized), previous 0.5%
4. Germany February Seasonally Adjusted Unemployment Rate, previous 6.3%
5. Canada December GDP (monthly), previous 0.0%
6. Canada Q4 GDP (annualized), previous 2.6%
7. US January Producer Price Index (annual), previous 3.0%
8. US November Construction Spending (monthly), previous 0.5%