I. Crypto Market Overview

Key Takeaways

1.

Macro Environment

The White House supports a market structure bill allowing limited stablecoin rewards, signaling a shift in US crypto regulation. Anchorage Digital's stablecoin solution for international banks may accelerate global stablecoin integration. The ECB faces policy uncertainty amid leadership transition, increasing market volatility and risk sensitivity.
2.

Crypto Market

The crypto market showed mixed performance over the past 12 hours. Bitcoin (BTC) rose 0.8% to $67,191, while Ethereum (ETH) dipped 0.4% to $1,955.05. Altcoins diverged: INJ surged 8% on mainnet upgrade approval, NIGHT gained 8.7% on Cardano ecosystem news, and LEO rose 1.8%. ARB fell 9.3% amid sector rotation.
3.

Today's Outlook

Key events today include the US Q4 GDP and PCE Price Index releases, which are crucial for Federal Reserve policy and market sentiment. LayerZero's major token unlock for community and core contributors may impact token supply and short-term price dynamics.
Fear and Greed Index
44.00% Annual Percentile
11 Fear
Total Crypto Market Cap
$2.31T
0.85%
Total Market Trading Volume
$78.59B
4.60%
Altcoin Season Index
58.33%
Quarterly Percentile
33 / 100
Total Futures Market Open Interest
3.24B
0.49%
Futures
359.28B
3.18%
Perpetuals

II. Industry Updates

Macro-economic Policies

1.

The White House has signaled support for a market structure bill allowing limited stablecoin rewards, provided they do not threaten traditional bank deposits. This policy shift could increase stablecoin adoption and liquidity in DeFi, potentially impacting stablecoin yields and on-chain lending rates.

2.

Anchorage Digital has launched a stablecoin solution for international banks, enabling cross-border dollar transfers via stablecoins. This development may boost global stablecoin flows and enhance the integration of dollar-backed assets in crypto markets, supporting DeFi and cross-border settlements.

3.

AAVE has surpassed $1 billion in real-world asset deposits, reflecting growing institutional demand for on-chain yield products. This milestone highlights the increasing convergence of traditional finance and DeFi, potentially driving higher liquidity and diversification in crypto lending markets.

Cryptocurrency Regulatory Trends

1.

The White House has expressed support for a market structure bill allowing limited stablecoin rewards, provided they do not threaten traditional banking deposits, signaling a potential shift in U.S. stablecoin regulation and impacting institutional adoption.

2.

Anchorage Digital launched a US-regulated stablecoin solution for international banks, enabling cross-border dollar transfers via stablecoins and bypassing traditional correspondent banking, which may accelerate global stablecoin integration and compliance adoption.

3.

Ripple's Chief Legal Officer confirmed ongoing review of the CLARITY Act's language, indicating continued legislative efforts toward clearer U.S. crypto regulatory guidelines, which could improve market confidence and legal certainty.

Trending Tokens

1.

UNUS SED LEO (LEO): LEO surged nearly 10% in the past 24 hours, driven by strong fundamentals and recent positive sentiment, outperforming the broader market despite low volatility.

2.

Midnight (NIGHT): NIGHT token jumped over 8% as Cardano's privacy-focused sidechain saw increased trading volume and exchange listings, with recent airdrop and DeFi integration boosting demand.

3.

Tether Gold (XAUT): XAUT rose nearly 1% after Elemental Royalty became the first public gold firm to pay dividends in tokenized Tether Gold, and Tether revealed a 27-ton gold purchase, lifting market cap above $2.5B.

Smart Money Movements

1.

A suspected Bitmine-linked address withdrew 10,000 ETH (about $19.57M) from Kraken, signaling significant whale activity on February 20.

2.

A $300 million USDC transfer occurred between two unknown wallets, highlighting ongoing large-scale stablecoin movements within the crypto ecosystem.

3.

Sharplink, backed by Consensys, held 867,798 ETH (valued at $1.68B) and staked nearly all holdings, demonstrating a strong commitment to Ethereum's PoS network.

4.

Morgan Stanley, ARK, BlackRock, Goldman Sachs, and Bank of America increased Bitmine Immersion (BMNR) holdings by up to 1,668%, despite a 48% share price drop.

5.

A trader known as pension-USDT.eth opened new long positions totaling $85.75M, including 1,000 BTC ($66.39M) and 10,000 ETH ($19.36M), reflecting bullish sentiment.

Events to Watch

Feb 20 (Fri)

US Q4 GDP preliminary data and PCE Price Index will be released, key for Fed policy and market sentiment; LayerZero token unlock for community and core contributors.

Feb 21 (Sat)

Crypto Community Conference 2026 will be held in Lodz, Poland, focusing on blockchain community engagement and industry developments.

Feb 23 (Mon)

NEARCON 2026 kicks off in San Francisco, spotlighting NEAR Protocol; MicroStrategy World 2026 opens in Las Vegas, covering business intelligence and crypto strategies.

III. Phemex Market Focus

New Listings

1.

Feb 13: (ESP/USDT)

Espresso(ESP) spot trading pair will go live at 10:00 UTC on February 23, 2026.
2.

Feb 12: (AZTEC/USDT)

Aztec(AZTEC) spot trading pair will go live at 07:10 UTC on February 12, 2026.
3.

Feb 12: (AZTEC/USDT)

New futures trading pair AZTECUSDT with 20X leverage and hedge mode support.
4.

Feb 11: (NVDAON/USDT)

NVIDIA Ondo Tokenized(NVDAON) spot trading pair will go live at 12:00 UTC on February 11, 2026.
5.

Feb 11: (TSLAON/USDT)

Tesla Ondo Tokenized(TSLAON) spot trading pair will go live at 12:00 UTC on February 11, 2026.

Phemex Promotions

1.

AOC

Join the AOC event to explore contract trading opportunities.
2.

TradFi Futures Zero Fee Carnival 4th

Participate in the TradFi Futures Zero Fee Carnival and enjoy zero trading fees.
3.

Aztec (AZTEC) CandyDrop – Trade to Earn a Share of 3,000,000 AZTEC!

Trade Aztec (AZTEC) and earn a share of 3,000,000 AZTEC tokens in this exciting CandyDrop event.