According to data from Polymarket, as reported by Odaily Planet Daily, the probability of Based's FDV exceeding $100 million within one day of its opening has risen to 60%. Previously, Based announced the completion of an $11.5 million Series A funding round, led by Pantera Capital.

According to data from Polymarket, as reported by Odaily Planet Daily, the probability of the event "the United States confirming the existence of aliens by 2027" has risen to 18%, with transactions exceeding $10 million. Previously, Trump posted on Truth Social, stating, "Given the tremendous interest shown, I will instruct the Secretary of War and other relevant departments and agencies to begin identifying and releasing government documents related to aliens, extraterrestrial life, unidentified aerial phenomena (UAPs), and unidentified flying objects (UFOs), as well as any other information related to these highly complex, yet extremely interesting and important, topics."

Odaily Planet Daily reports that stablecoin issuer Circle's stock price briefly rose above $90, reaching a new high since November of last year, before falling back to around $87. This followed the company's fourth-quarter results, which exceeded market expectations, driving the stock price up by approximately 30% after the earnings release. Bernstein analysts maintained their "outperform" rating on Circle and gave it a $190 price target, believing that the company's performance shows a growth trend that is "clearly different from the crypto market." The report points out that Circle's expansion in the infrastructure sector is bringing new, higher-margin revenue streams, rather than relying solely on stablecoin reserve returns. Analysts stated that Circle's transaction-related revenue continues to grow, including blockchain rewards earned as a supervalidator on the Canton network. Meanwhile, the proportion of USDC directly custodied on the Circle platform has risen to 17% of the total supply, up from 14% in the previous quarter. The company expects USDC circulation to maintain an annual growth rate of approximately 40% in the future, and anticipates revenue from other businesses besides reserve income to reach approximately $170 million in 2026, up from approximately $110 million in 2025. Bernstein is also optimistic about Circle's expansion into new product areas, including the Arc platform, Circle Payments Network, and "automated payment" capabilities for AI agents. Meanwhile, Mizuho analysts point out that as stablecoins are increasingly used in new scenarios such as prediction markets, for example, the Polymarket platform, Circle's revenue structure is expected to become more diversified. Overall, market attention is gradually shifting towards whether Circle can establish a more balanced revenue stream structure during the expansion of the stablecoin ecosystem.

Odaily Planet Daily reports that Devin, an Axiom promotion partner, issued an apology on the X platform, stating that he had indeed risked his reputation and had no way of knowing that ZachXBT would expose Axiom. Previously, Devin had repeatedly posted on the X platform in support of Axiom, showing screenshots to the community that he had bet on Axiom's NO on Polymarket (meaning the exposed company wouldn't be Axiom). He had previously posted: "Here's some free insider information: Axiom is not the company mentioned in ZachXBT's investigation. Betting NO on Axiom on Polymarket is basically giving away free money."

According to data from Polymarket, as reported by Odaily, the probability of the event "Russia will enter Bilitsk (Ukraine) before February 28" has surged from 11% yesterday to 97%, with trading volume exceeding $200,000. Additionally, the probability of the event "Russia will enter Bilitsk (Ukraine) before March 31" is currently reported at 96%.

According to data from Polymarket, in the "ZachXBT will expose which company engaged in insider trading" event, Axiom's probability has risen from a low of 8.3% this morning to 22%, approaching Meteora's (probability of 31%). Furthermore, the trading volume in this event has exceeded $21 million. Previously, blockchain detective ZachXBT announced that it would release a major investigative report on February 26th regarding a highly profitable company in the industry, alleging that multiple employees of that company misused internal data for insider trading over a prolonged period.

According to Odaily Planet Daily, Meteora co-founder Zen stated in an article on the X platform that since taking over Meteora last March, the team has consistently prioritized insider trading risks and implemented corresponding safeguards. As a permissionless platform, Meteora has invested significant effort over the past 12 months in improving its robustness, ensuring projects can be launched without human intervention; the team typically only becomes aware of relevant information after a project's launch. Zen pointed out that NYC and YZY, the two largest launches on Meteora in the past year, were both completed without the team's knowledge. Zen stated that they are aware of the relevant content on Polymarket, and the team has conducted a thorough review, maintaining confidence in their current integration and launch handling methods and team standards. Zen stated that since he and 0xSoju took over Meteora nearly a year ago, the team has focused on building infrastructure and LP-related products for Launchpad and other platforms, without directly participating in the deployment work, and will continue to operate in the same manner.

According to Lookonchain monitoring, a trader created a new Polymarket wallet, "dfhgdhfthrfhr," and placed a $180,000 bet that the United States would not attack Iran before March 4.

According to Polymarket data, the trading volume of contracts related to the "ZachXBT will expose which company engaged in insider trading" event has reached $11.6482 million. The current probabilities and rankings of the options are as follows: Meteora ranks first with a 46% probability; Axiom ranks second with 17%; Company K ranks third with 7%; Pump.fun ranks fourth with 6%; MEXC ranks fifth with 5%; Coinbase ranks sixth with 4%; and Binance ranks seventh with 3%.

According to data from Polymarket, as reported by Odaily, the probability of Fabric (ROBO) exceeding a $400 million FDV market capitalization one day after its launch is currently 23%, with trading volume exceeding $420,000. Furthermore, the probability of ROBO exceeding a $300 million FDV market capitalization one day after its launch is 64%. Previously, it was reported that ROBO, the native token of the Fabric protocol, underwent a token sale on the Kaito platform with a $400 million FDV, representing 0.5% of the total token supply.

Huoxun Finance reported on February 25th that ZachXBT, a blockchain detective, posted on the X platform that due to the need to interview many people during his investigation, the information about the crypto project involved in insider trading, which he planned to release on February 26th, may have been "inevitably" leaked. In response to community users, ZachXBT also stated that he did not expect the prediction market to be so popular, nor did he expect the prediction market to launch a related event contract immediately after his announcement. He also noted that he had never before experienced a single announcement tweet receiving 8 million views and 27,000 likes. Data from Polymarket shows that the trading volume for the event "ZachXBT will expose which company engaged in insider trading" has exceeded $10 million, with Meteora currently ranked first with a 30% probability; Axiom ranked second with an 18% probability; and MEXC ranked third with a 15% probability.

According to data from Polymarket, as reported by Odaily, the trading volume for the event "ZachXBT will expose which company engaged in insider trading" exceeded $9 million. Meteora, whose probability of exposure reached as high as 53% yesterday, has now dropped to 28%, ranking first; MEXC is currently ranked second with a probability of 16%; and Axiom is currently ranked third with a probability of 10%. Previously, blockchain detective ZachXBT announced that he would release a major investigative report on February 26th regarding a highly profitable company in the industry, alleging that multiple employees of this company had misused internal data for insider trading over a prolonged period.

According to a recent report by Citizens Bank, prediction markets are experiencing rapid growth, with current annualized revenue exceeding $3 billion and projected to reach $10 billion by 2030, establishing themselves as a new asset class. The report shows a continued rise in prediction market trading volume. January's trading volume increased by over 40% compared to December, and February maintained a similar level, despite the expected decline after the traditional sports season. Analysts believe this trend reflects the transformation of prediction markets from niche betting tools to mature financial markets. Citizens Bank considers increased trading volume, a more robust market structure, and the initial participation of institutional investors to be key factors driving the industry's development. Currently, some institutions have begun entering the market as data users and liquidity providers, laying the foundation for wider institutional adoption. Prediction markets allow traders to price and hedge risks associated with discrete events such as election results, interest rate decisions, or merger approvals. Compared to proxy tools like index futures or options, they can reduce basis risk and provide real-time probability signals. Analysts point out that the development path of prediction markets is similar to that of the early derivatives market and digital asset industry, gradually transitioning from retail investor-dominated liquidity to participation from market makers and institutional funds. Currently, representative platforms include the regulated event contract exchange Kalshi and the decentralized prediction market Polymarket, and the industry as a whole is gradually moving towards the mainstream financial system.

Odaily Planet Daily reports that Polymarket developer Suhail Kakar announced the release of the Polymarket CLI (command-line interface) on the X platform. This is the fastest way for AI agents to access prediction markets, built using Rust. Users' agents can directly query markets, trade, and retrieve data from the terminal.

Huoxun Finance News, February 24th - According to CNBC, six Democratic senators sent a letter to Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, urging him to explicitly ban prediction market contracts that "incentivize personal injury or death." The senators stated in the letter that such contracts "pose a dangerous national security risk" and requested the CFTC to "clearly reiterate its absolute prohibition of any contract that is based on or highly related to the death of an individual." The letter points out that under federal commodity regulations, the CFTC has "absolutely prohibited" contracts involving or mentioning terrorism, assassination, war, or similar acts. The senators also cited three recent Polymarket contract cases: a contract regarding the explosion of a NASA manned space mission, a contract regarding the removal of Venezuelan leader Maduro from power, and a contract regarding the Russian military's capture of a Ukrainian town. The letter states that these contracts "highlight the dangerous incentives posed by contracts related to categories prohibited by the Commodity Exchange Act." Last week, the CFTC filed a legal opinion in a federal appeals court, arguing that the agency has exclusive jurisdiction over the commodity derivatives market and that states have no right to exercise such regulation.

Six Democratic senators have sent a letter to Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), demanding a clear "classification ban" on any prediction market contracts directly or highly correlated with personal death. They argue that such products "incentivize bodily injury or death" and pose a "dangerous national security risk." The senators cited several examples, including Polymarket's contracts on whether Artemis II would explode, contracts concerning the fate of Venezuelan President Maduro, and contracts related to the Russia-Ukraine war. The CFTC recently filed legal documents with a federal appeals court emphasizing its "exclusive jurisdiction" over the U.S. commodity derivatives market, but has not yet publicly responded to the letter. (CNBC)

According to data from Polymarket, as reported by Odaily Planet Daily, the probability of Apple releasing a foldable iPhone before 2027 once rose to 86%, but is currently at 76%. Today, Sina Tech reported that a digital blogger revealed that Apple plans to begin mass production of the iPhone Fold and iPhone 18 Pro in July this year and release them simultaneously.

Huoxun Finance reports that Wang Chun, co-founder of F2Pool, stated that Ethereum (ETH) rebounded to $4,956 within four months, and investors should not be swayed by short-term panic. In a post on the X platform responding to recent cyclical fluctuations in the crypto market, Wang Chun noted that Ethereum fell to $1,386 in April 2025, but rebounded to $4,956 just four months later. He emphasized the cyclical nature of the market and stressed that investors should not be swayed by short-term panic. Separately, Rhythmic, a stablecoin-based payment infrastructure, announced that its seed round of funding, led by Dragonfly and Hadick M, has raised $4 million. Aaron, a former payment and digital asset professional, announced that his company, Rhythmic, has completed a $4 million seed round, led by Dragonfly and Hadick M, with participation from Mirana, The Fintech Fund, and others. Rhythmic is building a financial infrastructure platform for consumer internet companies, embedding accounts, stored value, cards, and rewards systems "natively" into products, with stablecoins handling fund transfers and settlements at the underlying level. The user interface only shows "holding balance, receiving rewards, and making any purchases," without requiring direct contact with the wallet or the concept of "using stablecoins." This round of financing will be used to improve the core platform, connect with the first batch of partners, and expand the engineering and compliance teams. iShares has applied to list a staking Ethereum spot ETF, ETHB, and plans to trade on Nasdaq. BlackRock's iShares has submitted a revised S-1, proposing to launch the "iSharesStakedEthereumTrustETF" (ticker symbol ETHB) and list it on Nasdaq. This trust is a legal trust in Truss, primarily holding ETH, and will stake approximately 70%–95% of its assets in Ethereum through third-party nodes such as Coinbase to earn staking rewards, without affecting its trust tax eligibility as the settlor. Binance Leverage will delist some trading pairs and automatically liquidate related positions on February 26. Binance Leverage will remove cross-margin and isolated-margin trading pairs for ALCX and related cryptocurrencies at 14:00 (UTC+8) on February 26, 2026, including POL/USDC, ALCX/USDT, SAPIEN/USDC, PNUT/USDC, ARKM/USDC, BROCCOLI714/USDC, OPEN/USDC, CKB/USDC, HOLO/USDC, and FIL/BTC. Three StepFinance projects will shut down simultaneously. Remora stated that its rToken is redeemable for USDC at a 1:1 ratio. According to a statement released on X by StepFinance/RemoraMarkets/SolanaFloor, StepFinance, SolanaFloor, and RemoraMarkets will cease operations immediately on February 24, 2026 (UTC+8). Step stated that its attempts to raise funds and make acquisitions after the hacking incident at the end of January failed. Step will proceed with the STEP buyback based on the snapshot taken before the event; Remora stated that all rTokens are still fully supported at a 1:1 ratio and is developing a redemption process for holders to exchange for USDC; SolanaFloor has stopped updating, but the website, videos, and communications will be archived. IoTeX offered a 10% bounty to the cross-chain bridge hacker in an attempt to recover approximately $4.4 million in stolen funds. IoTeX sent an on-chain message to the attackers, promising a white-hat bounty of approximately 10% (approximately $440,000) for returning the funds within 48 hours, without pursuing legal action or providing identification information to law enforcement agencies. The project team stated that it has fully tracked the flow of funds, flagged and frozen the relevant exchange deposit addresses, identified four Bitcoin addresses holding approximately 66.6 BTC, and will introduce a malicious address blacklist through the mainnet v2.3.4 upgrade. Vitalik Buterin has sold a total of 10,723 ETH since February 2nd. He sold 3,765 ETH in the past 2.5 days, earning approximately $7.08 million. Since February 2nd, he has sold a total of 10,723 ETH, amounting to approximately $21.74 million, with an average price of approximately $2,027. The Ethereum Foundation has established a DeFi team to advance the development of "DeFipunk" protocols. According to The Block, the Ethereum Foundation has established a new DeFi team under AppRelations to support the development of new protocols conforming to the "DeFipunk" concept. Former DELV CEO and former MakerDAO governance architect Charles St. Louis has been appointed as a DeFi protocol expert, and Gearbox Protocol co-founder Ivan (ivangbi) has been appointed as a DeFi coordinator. Jane Street Sued by Terraform Liquidators, Accused of Insider Trading to Accelerate Collapse According to the Wall Street Journal, Todd Snyder, the bankruptcy court-appointed administrator responsible for liquidating Terraform Labs, founded by DoKwon, has sued market maker Jane Street, its co-founder Robert Granieri, and employees Bryce Pratt and Michael Huang. The lawsuit accuses Jane Street of using non-public information obtained from Terraform insiders to trade, illegally profiting and accelerating the collapse of the Terraform ecosystem. Snyder is seeking damages from the defendants. British Media: Trump's Peace Committee Plans Stablecoin to Reshape Gaza Economy According to the Financial Times, five sources familiar with the matter revealed that officials working with Trump's Peace Committee are exploring the establishment of a stablecoin for Gaza to reshape the economy of this war-torn Palestinian enclave. Discussions surrounding the introduction of a stablecoin are still in their early stages, and many details regarding its implementation in Gaza remain to be determined. However, officials have discussed this idea as part of the enclave's future plans. An insider stated that the stablecoin is expected to be pegged to the US dollar, and it is hoped that companies with expertise in digital currencies from Gulf Arab countries and Palestine will take the lead in its development. The source said, "This will not be a 'Gaza coin' or a new Palestinian currency, but rather a tool for enabling digital transactions for the people of Gaza." A newly created wallet withdrew 500 BTC, worth $32.9 million, from Binance, according to OnchainLens monitoring. WorldLibertyFi co-founder: USD1 is 100% reserve-backed and verifiable at any time. Zach Witkoff, co-founder and CEO of WorldLibertyFi, a Trump family crypto project, stated on the X platform that USD1 aims to set a new standard, achieving full reserve backing and high transparency within a compliant framework. He added that the team is "proud to be the most transparent stablecoin on the market," and that it is 100% asset-backed and 100% verifiable, emphasizing that users can verify the 1:1 asset backing of USD1 at any time. AbitsGroup, a Nasdaq-listed Bitcoin mining company, has raised $2.1 million through a share offering, according to Globenewswire. The company announced a definitive agreement with institutional investors to purchase and sell common stock and prepaid warrants at $2.65 per share. Net proceeds will be used for general corporate purposes and operations. GWEI distributed $6 million worth of tokens to 10 new wallets, some of which have already been transferred to exchanges, according to Onchainschool. WLFI claims USD1 suffered a coordinated attack; hackers compromised co-founders' accounts and attempted to short-sell, but failed. WLFI stated on the X platform that USD1 suffered an organized attack this morning. The attackers allegedly compromised the accounts of several WLFI co-founders, paid influencers to spread fear-mongering (FUD) information, and attempted to profit from artificially created market chaos. WLFI stated that the operation failed. With its robust minting and redemption mechanism and 100% 1:1 asset backing, USD1 is currently trading stably near its face value. The team emphasizes that no malicious actors can shake its long-term commitment to USD1. WLFI also reminds users to obtain accurate information only through official verification channels and to be wary of misleading content. Trump: As President, I Don't Need to Go Back to Congress for Tariff Approval. According to Jinshi, US President Trump stated on social media that as president, he no longer needs to go back to Congress for tariff approval. These tariffs have already been approved in various forms, and have been for a long time. Moreover, even that absurd and flawed Supreme Court ruling reaffirmed this. Eric Trump Retweeted WLFI-Related Tweets, Seemingly Responding to Community Questions. Eric Trump retweeted WLFI-related tweets again on the X platform, seemingly responding to community questions. Previously, on-chain detective ZachXBT claimed that he would release a major investigative report on a highly profitable company in the crypto industry on February 26th, after which WLFI briefly fell, and USD1 also briefly de-pegged. Spot gold has climbed above $5190/oz, while spot silver surged 4% intraday. Market data shows spot gold has climbed above $5190/oz, up 1.61% intraday. Spot silver surged 4.00% intraday, currently trading at $87.98/oz. A whale deposited 650.76 BTC into Gemini after three years of inactivity; selling it would yield a profit of $25.37 million. According to OnchainLens monitoring, a whale deposited 650.76 BTC into Gemini after three years of inactivity, worth $43.05 million; selling it would yield a profit of $25.37 million. Trump: Any country that tries to "play tricks" on the Supreme Court ruling will face higher tariffs. According to Jinshi, US President Trump stated that any country that tries to "play tricks" on the Supreme Court ruling will face higher tariffs, with more severe consequences. A whale deposited 6 million WLFI into Binance 20 minutes ago. According to Lookonchain monitoring, this whale reportedly received 26.6 million WLFI, worth $3.2 million, from its WLFI management wallet two days ago. Bloomberg: CZ remains a major shareholder of Binance.US, a US-based exchange operating under the Binance brand and with its own management team. CZ stated his desire to expand operations in the US, bringing quality products to the US and making them more accessible to American consumers. However, he clarified that his comments only referred to Binance.US, not the global exchange Binance, and that his expertise lies primarily in technology, not regulation. CZ pointed out that given the improved regulatory environment, some previously seemingly unattainable options, including deeper banking partnerships, are now "entirely feasible," but stressed that any such move depends on the right team and legal guidance. Today, US Bitcoin ETFs saw a net inflow of 1292 BTC, while Ethereum ETFs experienced a net outflow of 57543 ETH, according to Lookonchain monitoring. The US Bitcoin ETF saw a net inflow of 1292 BTC today, with a 7-day net outflow of 4459 BTC; the Ethereum ETF saw a net outflow of 57543 ETH, with a 7-day net outflow of 65691 ETH; and the Solana ETF saw a net inflow of 39169 SOL, with a 7-day net inflow of 166521 SOL. Eric Trump, co-founder of World Liberty Financial, seemingly deleted a retweet of a WLFI tweet, causing a brief drop in WLFI. Possibly influenced by this action, WLFI briefly fell by over 4%, and the USD1 stablecoin briefly de-pegged to 0.9802 USDT. Strategy currently has a paper loss of $7.059 billion, and Bitmine has a paper loss of $8.208 billion. According to on-chain analyst Ember, Bitcoin treasury company Strategy (MSTR) purchased 592 BTC ($39.8 million) last week at approximately $67,286. They now hold a total of 717,722 BTC ($47.501 billion), with an average cost of $76,020, resulting in a paper loss of $7.059 billion. Ethereum treasury company Bitmine (BMNR) purchased 51,162 ETH ($99.4 million) last week at approximately $1,943. They now hold a total of 4,422,659 ETH ($8.504 billion), with an average cost of $3,779, resulting in a paper loss of $8.208 billion. ContinueCapital deposited 812,000 HYPE tokens to Bybit, worth $22.2 million. According to on-chain data monitoring, ContinueCapital deposited 812,000 HYPE tokens to Bybit 10 minutes ago. A whale deposited 13,249.5 ETH to OKX after a 5-day period of inactivity. According to Lookonchain monitoring, a whale deposited 13,249.5 ETH to OKX after a 5-day period of inactivity, worth approximately $24.94 million. A newly created wallet deposited 1.5 million USDC to HyperLiquid to open a 25x leveraged long position in ETH. According to Lookonchain monitoring, approximately five hours ago, a newly created wallet deposited 1.5 million USDC to HyperLiquid to open a 25x leveraged long position in ETH. The current position is 15,103 ETH, worth $29 million, with a liquidation price of $1819.6. Analysis: Bitcoin prices are holding steady in the $66,000–$70,000 range, with the crypto market entering a consolidation phase. A recent Bitfinex Alpha report indicates that Bitcoin has been consolidating within the $66,000–$70,000 range since its February 5th drop. This is the deepest correction in this cycle, with narrowing volatility and weakening momentum, suggesting the market is shifting from a liquidation-driven downtrend to a more balanced consolidation environment. On-chain data shows that most of the recent decline has been absorbed by the $60,000–$69,000 demand zone. These near-break-even holders have not yet accelerated their selling, contributing to price stability and a sideways trading pattern. Institutional flows remain cautious, with Bitcoin ETFs experiencing net outflows of approximately $166 million in a single week, and Ethereum-related products continuing to see redemptions, indicating that the accumulation phase has not yet reversed. While weekend inflows provided initial signs of stabilization, overall liquidity remains low. Based, a web trading and payment application built on Hyperliquid infrastructure, has completed an $11.5 million Series A funding round, led by Pantera Capital, with participation from Coinbase Ventures, Wintertermute Ventures, and Karatage, according to The Block. Based stated that it has over 100,000 registered users, 30,000 monthly active users, a cumulative transaction volume of approximately $40 billion, and cumulative revenue of nearly $14 million. The company plans to expand its AI-driven "agentic commerce" business and extend it to the North American market. This funding round, which began in the fourth quarter of 2025 and closed last week, was structured as equity investment plus token warrants. Meanwhile, Federal Reserve Governor Waller stated that supporting a March rate cut or maintaining the current rate is like a "coin toss," and this will heavily depend on February employment data. January employment data exceeded expectations; if this trend continues in February, maintaining the current interest rate may be appropriate. Strategy disclosed that it spent $39.8 million last week to acquire 592 Bitcoins, with an average purchase price of $67,286. Hyperliquid's largest ETH long position is currently showing a paper loss of $10.35 million. According to on-chain analyst Ember, Hyperliquid's largest ETH long position added another 15,000 ETH this morning, bringing its total holdings to 120,000 ETH through two addresses, with a position valued at $230 million. The current paper loss is $10.35 million. Metaplanet CEO: AI economy fuels digital capital; Bitcoin may become the preferred store of value for machines. Metaplanet CEO Simon Gerrovich stated on the X platform that the benefits of productivity booms almost entirely flow to the owners of computing and capital, rather than workers or governments. He stated, "Every company holding cash or bonds is demanding a system whose tax base is disappearing, and the system's response will be to print money. This trend is accelerating." Simon Gerrovich further emphasized that AI agents have no bank accounts or brand loyalty, and when machines optimize the financial system, they will bypass the traditional banking system and payment networks, choosing to use digital assets for transactions. When a store of value is needed, AI will not settle in money market funds, but will hold digital capital—especially Bitcoin—and as the AI economy expands, digital assets may become the primary store of value in the machine age. Analysis: Bitcoin volatility intensifies as investors chase put options to cope with tariffs and uncertainty. According to CoinDesk, Bitcoin experienced significant short-term volatility on Monday, rebounding from $64,270 to $66,300, with low market liquidity. In the derivatives market, leverage demand remained weak, with total open interest in crypto futures remaining below $100 billion for two consecutive weeks. Investors continued to allocate to futures linked to traditional assets, with TetherGold open interest increasing by 14% in 24 hours. Furthermore, traders were actively chasing Bitcoin put options, with strike prices concentrated at $58,000, $60,000, and $62,000, indicating that Trump's tariff plan had increased market uncertainty. Bitcoin and Ethereum put options were trading at a premium to call options across all maturities, reflecting the continued downside risk. Trump: Other tariffs could have been used in a more powerful and aggressive way. According to Jinshi, Trump stated regarding tariffs that other tariffs "could have been used in a more powerful and aggressive way." The US Supreme Court "unintentionally and unknowingly" granted the president "far greater power" than before the ruling. OKX will launch pre-market perpetual contracts for OPN (Opinion). According to the official announcement, pre-market trading of OPN (Opinion) will be launched soon. The specific schedule is as follows: OPN/USDT pre-market trading opening time: February 23, 2026, 20:00 (UTC+8). Backpack launches token equity program: Users who stake tokens for at least one year can exchange them for company equity at a fixed ratio. Backpack CEO Armani Ferrante stated in an article on the X platform that he entered the crypto space nine years ago not to issue "junk coins" or get rich quickly, but because he believed the industry would change the world. However, through multiple bull and bear markets, decentralized hype, and scams, the industry has gradually deviated from its original intention. Most projects' promises are unfulfilled, merely "promises," and the more centralized the system, the more limited the token's value. Apart from Bitcoin, Ethereum, and a few public chains, the actual utility of most tokens remains mere speculation. To address this issue, Backpack launched an innovative token model: users who stake their platform tokens for at least one year can exchange them for company equity at a fixed ratio, currently 20%. This is the first case where users can obtain company equity simply by using the product, demonstrating a long-term commitment to the community. Standard Chartered: Stablecoins May Drive $1 Trillion in Demand for US Treasuries, US Treasury May Adjust Issuance Structure. According to The Block, stablecoin issuers are becoming the largest potential buyers of US Treasury bills (T-bills), which is expected to profoundly impact the US debt financing landscape in the coming years. Standard Chartered analysis suggests that as the market capitalization of stablecoins may reach $2 trillion by the end of 2028, issuers will generate approximately $0.8 to $1 trillion in additional demand for short-term US Treasuries as reserve assets. If the current issuance model remains unchanged, this demand could lead to a supply-demand gap of approximately $0.9 trillion in US Treasury bills over the next three years. Currently, the stablecoin supply is approximately $300 billion, and growth has slowed due to the sluggish crypto market and slow progress in the GENIUS Act regulatory process, but analysts believe this is a cyclical rather than structural factor. The GENIUS Act requires US regulators to hold high-quality liquid assets for stablecoins, with short-term Treasury bonds being the core. CryptoQuant warns of extreme liquidity pressure on USDT, suggesting Bitcoin prices may be nearing their bottom. CryptoQuant's analysis on the X platform points out that USDT is currently under extreme liquidity pressure, similar to the market bottom in 2022. Meanwhile, net inflows into stablecoin exchanges have fallen from a high of $616 million in November 2025 to $27 million, indicating weakening marginal buying power and a contraction in liquidity deployable in the crypto market. Furthermore, prediction market data shows traders are increasing their bets on further Bitcoin declines. The probability of Bitcoin falling below $55,000 on the decentralized prediction platform Polymarket has risen to 72%, with related contracts accumulating a trading volume of $1.2 billion. Additionally, the probabilities of falling below $50,000 and $45,000 are 67% and 47% respectively, corresponding to trading volumes of approximately $170,000 and $1.4 billion respectively. Analysis: Binance's BTC Balance Climbs to Nearly Four-Month High, Exchange Selling Pressure Expected. According to CoinDesk, data from on-chain analytics platform CryptoQuant shows that the Bitcoin balance linked to Binance exchange wallets rose to 676,834.84 BTC (approximately $44.53 billion) on Sunday, the highest level since November 2024, an increase of about 9.3% from the multi-month low of 618,782 BTC in November last year. It is unclear whether the asset has been sold off, but the market initially retreated in early Asian trading on Monday, with Bitcoin falling from $67,600 to $64,400 before rebounding slightly to around $65,850. Analysts point out that a rise in Bitcoin balances on exchanges is often seen as a potential signal of selling pressure, meaning investors may be preparing to sell the asset or use it as margin for derivatives trading, both of which typically exacerbate price volatility. QCP: BTC Breaks Key Level Triggers Long Liquidation, Mining Companies Under Pressure and ETF Basis Liquidation Reshaping Market Landscape. A recent report by QCP Group analyzes that with Bitcoin prices still significantly below average mining costs, mining companies are facing pressure, prioritizing liquidity over hoarding strategies. Bitdeer's liquidation of its Bitcoin reserves is the latest signal of miners diversifying their risk appetite and partially shifting towards AI. Bitcoin broke below $65,000 in early trading today, triggering approximately $230 million in long liquidation. The market is under pressure as it digests the new round of tariff risks. US President Trump's move to raise global tariffs from 10% to 15% further exacerbates the cooling of macro risk appetite. However, the market is not unilaterally bearish; this round of liquidation has had a significantly milder chain reaction than earlier this year, with the market reacting more restrainedly to news. According to on-chain data monitoring, Huang Licheng (aka "Maji Dage") has placed 25 limit sell orders for Ethereum in the $1965-$2050 range and added to his long positions. His current position holds approximately 3325 ETH with a floating profit of about $100,000 and a liquidation price of about $1879. Additionally, he placed 25 limit sell orders in the $1965-$2050 range, selling a total of 950 ETH. 10xResearch: Ethereum is at a critical turning point; investors need to carefully assess whether it's a cyclical bottom or structural damage. Crypto research firm 10xResearch published an article on its X platform stating that Ethereum treasury company Bitmine is currently suffering approximately $8.8 billion in paper losses, exceeding the approximately $8 billion lost by customers at the beginning of the FTX crash. The company's large-scale increase in ETH holdings at a time of weakening demand and ETH prices approaching April 2021 levels has further exacerbated market controversy. This comparison highlights the potentially vast divergence in capital allocation outcomes and how timing and governance decisions ultimately determine the allocation of long-term value creation. Currently, Ethereum is at a critical juncture, facing a dual test of valuation and fundamentals. The market needs to determine whether its current downturn is a cyclical bottom or indicates deeper structural damage.

According to data from Polymarket, as reported by Odaily Planet Daily, the trading volume for the "Premier League title race" has exceeded $260 million. Currently, Arsenal has a 63% chance of winning the title, Manchester City has a 37% chance, and the remaining teams all have less than a 1% chance.

According to data from Polymarket, in the "ZachXBT will expose which company engaged in insider trading" incident, Meteora currently has a 44% probability, ranking first; Pump.fun has a 12% probability, ranking second; and MEXC has a 9% probability, ranking third. Previously, blockchain detective ZachXBT announced that he would release a major investigative report on February 26th regarding a highly profitable company in the industry, alleging that multiple employees of this company had misused internal data for insider trading over a prolonged period.