Crypto losses dropped to lowest level in 11 months in February

Top news and prices for the major cryptocurrencies.

Crypto losses dropped to lowest level in 11 months in February. Crypto-related hacks and scams led to $26.5 million in losses in February, marking the lowest monthly total since March 2025, according to blockchain security firm PeckShield. The firm recorded 15 separate incidents during the month, but just two were responsible for the bulk of the damage. The largest was a $10 million exploit of YieldBlox’s DAO-managed lending pool on 21 Feb, carried out through a price manipulation attack. PeckShield disclosed the details in a post on X over the weekend. The second most significant breach targeted decentralised identity protocol IoTeX, which suffered losses of approximately $8.9 million on 21 Feb as a result of a private key compromise.

SEC advances crypto oversight plan with new securities guidance submission. The US Securities and Exchange Commission submitted new commission-level interpretive guidance to the White House outlining how existing federal securities laws could apply to cryptocurrencies, marking a potentially significant step toward clarifying regulatory boundaries for the digital asset industry. The document, formally titled "Commission Interpretation on Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets," was delivered on 3 March and has entered the prerule stage, where it is undergoing interagency review. According to the Office of Information and Regulatory Affairs, which is overseeing the review process, only limited details about the proposal have been made public.

European banks push for 2026 rollout of euro-pegged stablecoin. A group of 12 leading European lenders is advancing plans to launch a euro-denominated stablecoin, in what could become one of the region’s most coordinated private-sector efforts to rival the dominance of dollar-backed digital tokens. The project, operating under the name Qivalis, brings together major institutions including CaixaBank, BNP Paribas, ING, UniCredit and BBVA, as well as Danske Bank, DZ Bank, SEB, KBC, Raiffeisen Bank International, DekaBank and Banca Sella. Spanish financial daily Cinco Días reported that the consortium is aiming for a commercial launch in the second half of 2026. According to the report, the planned token will be pegged one-to-one to the euro.

Trump warns banks are undermining GENIUS Act. President Donald Trump accused major US banks of trying to weaken the recently approved GENIUS Act, escalating tensions between the traditional financial sector and the crypto industry as lawmakers struggle to advance broader digital asset legislation. In a post on Truth Social on Tuesday, Trump claimed that the GENIUS Act, the first US law designed to establish a regulatory framework for stablecoin issuers, "is being threatened and undermined by the Banks." Trump urged lawmakers to move quickly on comprehensive rules for the sector, arguing that regulatory clarity is essential for maintaining US competitiveness.

SEC drops case against Justin Sun and Tron entities. The US Securities and Exchange Commission dismissed the charges it filed in 2023 against Tron founder Justin Sun, the Tron Foundation and the BitTorrent Foundation, according to a final judgment submitted Thursday in the US District Court for the Southern District of New York. While the regulator moved to end its claims against Sun and the associated foundations, another company linked to the entrepreneur, Rainberry, previously known as BitTorrent Inc., agreed to resolve the case by paying a $10 million civil penalty to the SEC. Rainberry was responsible for developing the BitTorrent protocol and the BTT cryptocurrency token during Sun’s leadership.

Change in the price of the largest cryptocurrencies by market capitalization over the last week:

Best performing crypto in the top 10 over the last week: BTC (+4.91%)

Best performing crypto in the top 100 over the last week: River (+84.43%)

As of March 6, 2026, 08:40 CET

The market's volume has reached $116.223 billion over the past 24 hours.

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