Core Viewpoint - Bitcoin experienced a significant decline following military actions taken by the U.S. and Israel against Iran [1] Group 1 - The military actions have created geopolitical tensions that negatively impacted Bitcoin's market performance [1]

Ethereum price has struggled to sustain a meaningful recovery despite an 11% surge in the past 24 hours. The rally briefly improved sentiment, yet ETH remains trapped within a broader consolidation structure. Persistent hesitation among investors continues to cap upside momentum. The altcoin king has underperformed several large-cap peers in recent weeks. While Cardano and Chainlink posted relatively stronger returns, Ethereum’s recovery attempts have repeatedly stalled. Investor resilience, or the lack of ...

Circle周三公布，受其稳定币USDC流通量增长推动，储备金收入大幅提升，第四季度营收实现增长。 随着《GENIUS法案》等利好监管政策落地——该法案于去年由美国总统特朗普签署生效，为锚定美元 的稳定币构建了联邦监管框架——USDC的采用率正快速攀升。 全球各国监管机构也纷纷完善数字资产监管框架，为稳定币的更广泛应用铺平道路，Circle等发行方从 中受益。 USDC是锚定美元的稳定币，以现金及美国国债等低风险资产作为储备支撑，使其市场价格始终贴近1 美元基准。 全球各国监管机构也纷纷完善数字资产监管框架，为稳定币的更广泛应用铺平道路，Circle等发行方从 中受益。 USDC是锚定美元的稳定币，以现金及美国国债等低风险资产作为储备支撑，使其市场价格始终贴近1 美元基准。 第四季度，USDC流通量同比大增72%，达753亿美元，带动储备金总收入升至7.33亿美元。 第四季度，USDC流通量同比大增72%，达753亿美元，带动储备金总收入升至7.33亿美元。 Circle的盈利模式为：将发行代币所获现金投资于美国国债、存款等低风险资产，赚取投资收益。 本季度，Circle还获得设立国家信托银行牌照的初步批准， ...

Key Takeaways XRP network activity surges but concentration concerns remain. A new Arizona bill has added institutional recognition. XRP’s price is tracking broader crypto declines. XRP is approaching a key milestone, even as its price continues to slide. Network data shows daily transactions climbing sharply, while Arizona lawmakers move forward with legislation that would allow the state to hold the token in a digital asset reserve. The developments have fueled speculation among traders over w ...

Core Insights - The cryptocurrency market has faced significant declines, with Bitcoin down 25% and Ethereum down 36% year-to-date as of February 19 [1] - Gold-backed stablecoins, particularly Tether Gold and PAX Gold, are experiencing growth, accounting for 90% of the gold-backed stablecoin market [2] Group 1: Market Performance - Bitcoin and Ethereum are struggling, leading to a lack of major cryptocurrencies in positive territory [1] - Gold-backed stablecoins have seen a rise, with both Tether Gold and PAX Gold up 15% for the year [3] Group 2: Investment Opportunities - PAX Gold is fully regulated by U.S. banking authorities, making it more accessible for U.S. investors compared to Tether Gold [4] - The market opportunity for gold-backed stablecoins has increased from $4 billion at the end of 2025 to $5 billion just two months into 2026 [6] Group 3: Comparative Analysis - Over the past year, gold prices have increased by 71%, while Bitcoin has significantly decreased in value, prompting a shift in investor interest towards gold-backed stablecoins [5][6] - Investors now have multiple avenues for gold exposure, including physical gold, gold ETFs, and tokenized gold through stablecoins [7]

For more than a century, no asset class has been able to hold a candle to the stock market in terms of annualized return. Despite its volatility, the benchmark S&P 500 (SNPINDEX: ^GSPC) has significantly outperformed commodities, real estate, and bonds over the very long term. But over the last decade, cryptocurrencies have absolutely crushed the S&P 500 in the return column, with Bitcoin (CRYPTO: BTC), the world's largest digital currency, leading the way. Over the last 15 years, Bitcoin has catapulted f ...

据 Financefeeds，Anchorage Digital 宣布推出 "Stablecoin Solutions" 服务，为国际银行提供美国受监管的 数字美元通道，包括发行、托管、法币资金管理及链上结算，支持跨境美元资产转移，无需依赖传统代 理银行关系。服务支持多家稳定币发行，包括 Tether USA₮、Ethena Labs USDtb、OSL USDGO 及 Western Union USDPT（未来发行）。Anchorage Digital 为首家获美国联邦银行牌照的加密原生机构， 受 OCC 监管。 （来源：吴说） ...

Core Insights - XRP is currently in a prolonged consolidation phase, trading below a significant resistance level of $1.50, with market dynamics suggesting a potential short squeeze or continued suppression [1] Market Dynamics - Derivatives data indicates a critical resistance level near $1.51, where approximately $47 million in XRP short positions are at risk of liquidation, creating a barrier to upward price movement [2] - Traders holding short contracts are motivated to defend the $1.51 level, and a breakout could lead to rapid short covering, resulting in a temporary price spike, although this may quickly exhaust buy-side liquidity [3] Investor Behavior - On-chain data shows ongoing stress among XRP holders, with net realized profit and loss metrics indicating that investors are selling at a loss, exemplified by $117 million in realized losses on February 17, reflecting persistent fear and reduced confidence in recovery [4] - Despite the distribution, a segment of XRP holders is demonstrating resilience, opting to hold rather than liquidate, suggesting conviction among mid-term investors [6] - The share of XRP supply held by the three-month to six-month holding group has increased from 8% to 15%, indicating that their reluctance to sell may help stabilize price action against panic-driven distribution [7] Price Action - XRP is currently trading at $1.43, remaining below the $1.51 resistance, which aligns with the 61.8% Fibonacci retracement level; reclaiming this level as support could signal technical improvement and potential recovery [8] - Consolidation is expected to continue, with key support levels at $1.44 and $1.27; ongoing rejection near $1.51 may keep XRP range-bound, with selling pressure from loss-making investors reinforcing this sideways structure [9]

Core Insights - PIPPIN has entered a volatile phase after failing to maintain its recent breakout, with price action threatening to invalidate a projected 221% breakout from a broadening descending wedge pattern [1][10] Accumulation and Buying Activity - Following a recent all-time high, investors have purchased approximately 16.6 million PIPPIN, amounting to roughly $7.7 million in buying activity [2] - Historical data indicates that PIPPIN holders often buy aggressively near peaks, leading to panic selling as prices decline [3] Market Dynamics and Indicators - The Money Flow Index (MFI) is currently above 80.0, indicating that PIPPIN is in overbought territory, which often precedes cooling phases as capital inflows slow [7] - Broader market indecision complicates the situation, as speculative altcoins struggle to sustain rallies without strong directional cues from major cryptocurrencies [8] Long-Term Holder Behavior - Long-term holders continue to accumulate PIPPIN, although the slope of net buying has weakened, indicating a mixed outlook [9] - If long-term holders shift to distribution, the downside risk could escalate quickly, potentially confirming bearish control over the trend [9] Price Support and Potential Recovery - PIPPIN could rebound from the $0.449 support zone if long-term holder support stabilizes, with a sustained bounce potentially driving the price toward $0.600 [11]

Core Viewpoint - Bitcoin and XRP are positioned in different markets, with Bitcoin aiming to be a store of value and XRP focusing on institutional financial workflows [1] Group 1: Bitcoin Analysis - Bitcoin has a high likelihood of surviving the next decade due to its established features and historical performance [2] - The supply of Bitcoin is limited, with a cap of 21 million coins, which supports a long-term price increase as demand persists [3] - As the largest cryptocurrency by market cap, Bitcoin serves as a benchmark for the entire crypto sector, making it a key component of a balanced crypto portfolio [4] Group 2: XRP Analysis - For XRP to maintain its success over the next decade, it must achieve broader adoption of the XRP Ledger in payments, asset management, and financial tools for institutions [6] - XRP faces significant competition in all three areas, which may hinder its ability to dominate the market [7]