Gate News Bot Update, February 26 — According to CoinMarketCap data, at press time, POWER (Power Protocol) is trading at $0.99, up 33.67% in the past 24 hours. The highest price reached $1.19, while the lowest dropped to $0.35. The current market cap is approximately $210 million, an increase of $52.9 million from yesterday.
Recent Major News for POWER:
1️⃣ Institutional Capital Continues to Flow In, Driving Valuation Up
Bitkraft recently invested $3 million in Power Protocol. The entry of institutional investors provides strong financial backing and market confidence for the project. Such large-scale institutional funding typically indicates recognition of the project’s long-term value and attracts more market participants to the token.
2️⃣ AI and Energy Infrastructure Demand Boost Market Expectations
As AI applications become widespread, demand for electricity in AI data centers has surged. Payments between machines and energy flow needs have become new market focal points. Power Protocol, as a key infrastructure intersecting energy and blockchain, has gained significant market attention in this context.
3️⃣ Advancement of Blockchain Solutions in the Energy Sector
Global energy companies are increasingly interested in Bitcoin mining and blockchain technology. Managing and optimizing energy costs has become a key industry focus. Power Protocol’s potential applications in energy trading and cost efficiency are being reevaluated, providing solid fundamental support for the token’s price increase.
This message is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
When Backpack Betrays the Community
Backpack triggered strong backlash after launching its native token $BP due to airdrop distribution issues. Numerous KOLs and users expressed disappointment with its handling approach and criticized the project for deviating from community principles. Although the project team stated it would open an appeals process and provide compensation, user trust has been severely damaged, and the token price has dropped significantly.
金色财经_5m ago
Bitcoin and Solana ETFs See Inflows While Ethereum ETFs Record Outflows on March 24
Gate News bot message, according to the March 24 update, Bitcoin ETFs recorded a 1-day net inflow of 2,715 BTC (+$190.21M) and a 7-day net inflow of 1,091 BTC (+$76.44M). Ethereum ETFs showed a 1-day net outflow of 12,464 ETH (-$26.61M) and a 7-day net outflow of 97,844 ETH (-$208.9M). Solana ETFs r
GateNews2h ago
Over the past 24 hours, the crypto market liquidated $171 million, with long positions accounting for over 65%
According to CoinGlass data, on March 24th, the cryptocurrency market experienced liquidations totaling $171 million within 24 hours, with long positions accounting for over 65% of the total. BTC liquidations reached $53.8812 million, ETH liquidations reached $40.0353 million, affecting 82,511 traders, with the largest single liquidation at $6.4509 million.
GateNews2h ago
ZRO maintains an upward trend, benefiting from MoonPay integration as derivative flows increase sharply
LayerZero (ZRO) decreased by about 3% after a prior 14% rise. Its partnership with MoonPay's Open Wallet Standard is expected to enhance AI-driven commerce across 170 blockchains, resulting in a significant increase in open contracts.
TapChiBitcoin4h ago
CoinDesk 20 performance update: Polkadot (DOT) drops 2.3% as index trades lower
The CoinDesk 20 Index is trading at 2044.07, down 0.2%. Among its assets, APT and XLM are leaders with gains, while DOT and XRP are lagging.
CoinDesk4h ago
Stablecoin USR Suddenly Crashes and Depegs! Resolv Reveals "Minting Vulnerability" Exploited by Hackers, Who Steal $25 Million
DeFi protocol Resolv suffered an attack on March 22, where hackers minted 80 million stablecoins USR at low cost and cashed out approximately $25 million, causing USR to depeg and triggering market volatility. The attack stemmed from a lack of security measures on the protocol's privileged accounts, impacting overall liquidity and affecting the lending market. Resolv subsequently suspended the protocol and emphasized that collateral pools remained unaffected, but experts believe the hidden losses caused by the incident are significant.
区块客6h ago