February 21, according to data from ultrasound.money, since Ethereum completed the merge upgrade, its circulation has increased by more than 950,000 ETH. Currently, the total Ethereum supply is around 121.5 million ETH, with an annual inflation rate of about 0.23%.

February 21st. According to analyst Darkfost, a dynamic factor that had been suppressing Bitcoin demand is gradually shifting since the beginning of the year. On December 18th, Bitcoin's monthly cumulative on-chain demand dropped to a low of -154,000 BTC. Since then, demand has been gradually improving and has recently returned to positive territory, at around +1,200 BTC. This reversal marks the end of nearly three months of continuous negative demand and this phase has been largely responsible for the subdued price action observed so far.The analysis points out that with the decrease in selling pressure and signs of demand improvement, Bitcoin is finally starting to send out constructive signals, provided that this trend continues over the next few weeks.Note: On-chain demand is defined as the daily block reward minus changes in the supply inactive for over a year and is used to measure whether long-term holders are effectively absorbing newly issued bitcoins.

February 21, according to Polymarket data, the probability of Bitcoin hitting $55,000 by the year 2026 is as high as 73%, while the probability of it reaching $100,000 is only 38%.

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, CryptoQuant analyst Darkfost stated, "Ethereum whales are under pressure, and the ETH's current pullback is affecting all investors. Currently, Ethereum whales' unrealized profit ratio has turned negative:· Hold 1,000–10,000 ETH: -0.21· Hold 10,000–100,000 ETH: -0.18· Hold 100,000 ETH or more: -0.08If ETH continues to drop, these whales may face even greater pressure, potentially being forced to capitulate and sell off their large holdings. However, currently ETH is still maintaining stability in a key range, and historically, similar pressure phases have often been accompanied by the formation of a midterm bottom."

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.