In the past two days (February 23 to 24, 2026), the Web3 industry and the crypto market have undergone severe macro shocks and important ecological evolution. Market sentiment has been primarily dominated by geopolitical risks and the uncertainty of U.S. tariff policies, resulting in a significant decline in the prices of major cryptocurrencies. Meanwhile, strategic adjustments and new financing dynamics have also emerged within the ecosystem.
📊 Market Overview: Macroeconomic clouds loom, and the crypto market has experienced a significant pullback
Under the dual pressure of escalating tariff tensions and potential military conflicts, investors' risk aversion has increased, leading to a withdrawal of funds from high-risk assets and triggering severe market turbulence.
Time Event Type Core Content Main Impact/Data
February 23-24 Market Trends The cryptocurrency market collectively plummeted, with Bitcoin briefly dropping below $63,000 and Ethereum falling below $1,900. The total market value evaporated by over $48 billion, with over 130,000 liquidations across the network.
February 23 Macroeconomic Negative News The threat of the U.S. raising global tariffs to 15%, along with reports of potential military action against Iran, intensified market panic. This reinforced the market's 'risk-off' mode, with funds flowing from risk assets like Bitcoin to gold.
February 24 Institutional Opinion Standard Chartered Bank significantly lowered its Bitcoin price target, warning of potential further 'capitulation selling' in the future. This undermined market confidence, presenting a serious challenge to the 'digital gold' narrative.
🚀 Ecological Dynamics: Project Progress and Strategic Contraction
Despite the market downturn, there are still highlights in ecological construction, while strategic contractions from leading foundations have also emerged.
· Financing and Innovation: Web3 payment application Based completed $11.5 million in Series A financing, led by Pantera Capital, demonstrating sustained interest from the capital markets in specific sectors. Meanwhile, SecondSwap launched a decentralized market with on-chain settlement functions aimed at enhancing transaction transparency and efficiency.
· Platform Support: Ju.com launched the 'Web3 Entrepreneur Support Program', recruiting project parties through fee reductions and traffic support, attempting to attract quality resources in a down market.
· Strategic Adjustment: Web3 Foundation announced it will gradually close its official support services for Polkadot, shifting reliance to ecological community channels. This is seen as part of its strategic adjustment aimed at promoting further decentralization and autonomous operation of the ecosystem.#V神卖币 $MSFTon