February 21st, according to on-chain platform Santiment data, since Bitcoin hit a record high in October last year, the holdings of small wallets holding less than 0.1 BTC (usually considered retail investors) have increased by about 2.5%, with their supply reaching the highest level since mid-2024. In contrast, the overall holdings of Bitcoin "whales" (whales and sharks) holding 10 to 10,000 BTC have decreased by about 0.8%. This structural differentiation often leads to volatile price fluctuations and prevents the formation of a clear trend.The current Bitcoin price is mostly fluctuating around the $60,000 mark. Market views indicate that retail buying pressure can provide a certain "bottom support" to the market and bring short-term momentum. However, to establish a sustainable rebound, large holders need to stop distributing and even switch to net accumulation. Analysis suggests that Bitcoin is currently not lacking retail participation; the key is whether whales will stop selling pressure and shift to structural buying. Otherwise, each rebound may face the risk of being sold at high levels.

February 21st, NBA retired star Scottie Pippen shared a Bitcoin futures chart, comparing the 2020 bull market start to the current pattern, implying a similar surge is about to occur.Pippen has previously made several crypto-friendly remarks and claimed to have met Satoshi Nakamoto himself in 1993.

February 21st, Recently, community user dasha proposed the idea of gradually phasing out the current Ethereum through fragmentation (such as L2, application-specific chains) and rebuilding a pure cypherpunk chain from scratch based on RISC-V.Vitalik Buterin responded, rejecting the idea of a slow death for the current Ethereum, and instead planning to build a "cypherpunk-in-spirit non-ugly Ethereum" as a tightly coupled extension of the current system to achieve seamless interoperability and migrate the existing system through smart contracts within 5 years. Vitalik emphasized that through progressive upgrades similar to the previous "merge" upgrade, there would be 4 subsequent major upgrades, including state tree optimizations, Lean consensus, ZK-EVM verification, and VM changes, to enhance censorship resistance, ZK-friendliness, and simplicity.

February 20th, Forbes released the 11th annual Fintech 50 list for 2026, predicting that the market platforms Polymarket (raised $2.3B), Securitize (raised $425M), Phantom (raised $2.68B), Ledn (raised $1.07B), and Hyperliquid (raised $0) will be among the top five cryptocurrency companies.Although the cryptocurrency industry's valuation is considered conservative compared to AI startups, it still demonstrates innovation and rapid growth potential. According to CB Insights data, the total amount of fintech private funding reached $53B in 2025, a decrease from $152B in 2021, but showing growth for the first time in four years.

February 20, Binance Alpha launched the second round of the Swarm Network (TRUTH) airdrop. Users with at least 251 Binance Alpha points can claim an airdrop of 3,333 TRUTH tokens on a first-come, first-served basis. If the reward is not fully distributed, the points threshold will automatically decrease by 5 points every 5 minutes.Claiming this airdrop will cost 15 Binance Alpha points. Users must confirm the claim on the Alpha event page within 24 hours, otherwise, it will be considered a waiver of the airdrop.

February 20th, according to HTX market data, BIO surged over 41% in the past 24 hours, currently trading at $0.0328.

February 20th, according to Bitget market data, pre-market trading of US stocks related to cryptocurrency surged, including: Robinhood up 1.92%, Circle up 1.81%, Coinbase up 1.77%, Silvergate up 1.75%, MARA up 1.63%.

February 20th, according to The Block, the prediction market platform Kalshi has obtained a preliminary injunction in Tennessee, USA, preventing state officials from enforcing its sports-related event contracts under local gambling laws.In a ruling on Thursday, U.S. District Court Judge Aleta A. Trauger sided with Kalshi on key issues, finding that the company is likely to successfully argue in the lawsuit that its sports event contracts are a "swap" product under the Commodity Exchange Act.The injunction applies to the relevant state officials and prohibits them from taking enforcement actions against Kalshi under Tennessee's sports gambling laws during the litigation.

February 20th, according to Cloverpool data, the Bitcoin mining difficulty saw a mining difficulty adjustment at block height 937,440 (today 02:54:35 Beijing time), with a 14.73% increase to 144.4 T; the current average network hashrate over the past seven days is 1.05 ZH/s.

February 20, According to official sources, Binance Alpha will conduct an airdrop today at 18:00 (UTC+8). Users with at least 251 Alpha points can receive tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the airdrop event ends. More details will be announced soon.

February 20, the Hong Kong Securities and Futures Commission warned the public to beware of a digital token-related investment product named "HOMEO Trend" token, which has been added to its list of suspicious investment products.The product is operated and promoted by Excellent Trend Therapy (Hong Kong) and is suspected to have been offered to the Hong Kong public. Through seminars held in Hong Kong, information about the token was distributed to investors, claiming to bring investment returns to investors.The Hong Kong Securities and Futures Commission reminds that this product has not been authorized by the Commission to offer to the public in Hong Kong. Non-Commission-authorized investment products and their disclosure documents have not been reviewed by the Commission. Investors should act with extreme caution as they may suffer significant or even total losses in such investments.

February 20th, according to Coinglass data, Bitcoin maintained a range-bound trend. Currently, mainstream CEX and DEX funding rates indicate a market-wide bearish sentiment, with specific funding rates shown in the attached image.BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the exchange does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.

February 20, according to Farside monitoring data, yesterday the US Ethereum spot ETF saw a net outflow of $130.1 million, while the Solana ETF saw a net inflow of $6 million.

February 20th, according to HyperInsight monitoring, "Big Brother Whale" Huang Licheng's address is currently 25x long 7800 ETH with a floating loss of $253,000, with an average position price of $1985.54. In the past day, he has also set up 425 ETH stop-loss and take-profit orders with limit prices ranging from $1966 to $2002.

February 20th, according to GMGN market data, the Solana ecosystem meme coin Punch surged more than 2 times in a single day, with a current market value of 31.07 million US dollars and a 24-hour trading volume exceeding 24.10 million US dollars.The data shows that the top one address of this coin has invested an average of 87,800 US dollars in market value, totaling 10,700 US dollars in position opening, and the current single coin profit is 1.1 million US dollars.Public information shows that Punch was inspired by a viral monkey in the Ichikawa City Zoo in Japan. Moonshot has listed the token.BlockBeats reminds users that meme coin trading is highly volatile, largely dependent on market sentiment and conceptual speculation, without actual value or use case. Investors should be aware of the risks.

February 20th: The US December Core PCE Price Index YoY will be released tonight at 21:30, with a previous value of 2.8% and an expected value of 2.9%.PCE corresponds to "Personal Consumption Expenditures" in Chinese. The Core PCE Price Index is a key indicator of measuring inflation in US consumer spending. It was first introduced by the US Department of Commerce's Bureau of Economic Analysis and was adopted by the Federal Open Market Committee (FOMC), the Federal Reserve's decision-making body, in 2002 as a key inflation gauge.

February 20th, Hyperliquid lobbying organization Hyperliquid Policy Center CEO Jake Chervinsky posted on social media, stating, "The front-end interface connecting to decentralized exchange protocols should not be required to perform KYC (Know Your Customer). Financial privacy is a fundamental right."Of course, even though the scale of on-chain illicit financial activity is negligible compared to the traditional financial system, we should not turn a blind eye to it. However, the solution should not be to simply apply old rules—rules that have excluded billions of people from the financial system—to new technology that can do better."

February 20th, according to Coinglass data, if Bitcoin breaks through $70,000, the cumulative short liquidation intensity of mainstream CEXs will reach 6.06 billion.Conversely, if Bitcoin falls below $66,000, the cumulative long liquidation intensity of mainstream CEXs will reach 7.71 billion.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, intensity.Therefore, the liquidation chart shows to what extent reaching a certain price level will be affected. A higher "liquidation bar" indicates that the price, once reached, will generate a more intense reaction due to a liquidity cascade.

February 20, according to HTX market data, Bitcoin rebounded and broke through $68,000, now trading at $68,002, a 24-hour increase of 1.8%.

February 20, according to Farside monitoring data, yesterday the US Bitcoin spot ETF saw a net outflow of $165.8 million.