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February 21
1. Bitcoin Market: Bitcoin initially rose then fell, reaching a high of $68,600 in the early morning, then declined, currently closing at $67,960. Ethereum reached a high of $1,995, then retreated, currently at $1,972.9.
2. Altcoin Market: Last night, the altcoin market was relatively calm. SOL slightly increased to $85; DOGE showed weakness, down 1.7%, closing at $0.0984; MEMES surged 75%, closing at $0.00233; KITE dropped 16%, closing at $0.218; MYX fell 5%, closing at $1.0285; RIVER fluctuated slightly downward, closing at $7.988; recent strong coins like AZTEC, ENSO, ESP, etc., experienced oscillations and pullbacks.
3. Trump: The original 10% global import tariff rate is set to increase to 15%, suggesting the possibility of renewed trade tensions.
4. Elon Musk: Starship will attempt another test flight next month.
5. Caixin: RWA projects based on Hong Kong assets are not under the jurisdiction of mainland Chinese regulators.
6. After Donald Trump announced the tariff increase, the prices of Bitcoin and Ethereum remained stable. Bitcoin traded close to $68,273, and Ethereum traded around $1,987. The market reaction was muted, contrasting sharply with previous negative reactions to Trump’s trade policies. Meanwhile, US spot Bitcoin and Ethereum ETFs experienced significant outflows this week, nearly $316 million and over $123 million respectively.
7. On-chain and Institutional Movements: XRP and Solana spot ETFs saw modest inflows of $40.5 million and $59.4 million, respectively, contrasting with massive outflows from Bitcoin ETF ($165.8 million) and Ethereum ETF ($130.1 million). A major whale, after five years of silence, deposited 1,000 BTC into Finex. Laurore has become the largest new shareholder of BlackRock’s iShares Bitcoin Trust (IBIT).