PANews reported on February 21 that, according to Eye, the analyst who previously uncovered the "1011 insider whale," an article published on the X platform shows that on-chain data shows that an address associated with Hashnote has become one of HyperLiquid's most profitable addresses by aggressively shorting. This address currently uses approximately $5.9 million in margin, has a total open position of approximately $11.3 million, and has unrealized profits of $12.4 million. It holds 13 open positions, all of which are short positions, indicating a clear bearish strategy in the current market environment.

PANews reported on February 20th that, according to an announcement on MARA's official website, the acquisition of a 64% stake in Exaion by MARA France ( the agreement was signed on August 11, 2025 ) has been completed. EDF remains a minority shareholder and customer; NJJ has acquired a 10% stake in MARA France. Exaion focuses on HPC data centers and secure cloud/AI, and its board of directors includes Xavier Niel and MARA CEO Fred Thiel. It plans to accelerate its expansion in Europe.

BlockBeats news, February 21, U.S. trade expert Lawrence Herman stated that the Supreme Court's rejection of Trump's tariff policy does not end trade tensions. The U.S. government can still employ other means, and Canada will continue to face industry tariffs on steel, aluminum, automobiles, and forest products."Tariffs will persist in some form for a long time," Herman added, warning that U.S.-Canada trade relations have already fractured.

BlockBeats News, February 21st: According to CryptoQuant data, the Bitcoin exchange whale ratio has reached 0.64, the highest level since 2015.This means that currently, 10 wallets account for 64% of the capital inflows, typically indicating increased selling pressure from large holders.

PANews reported on February 20 that, according to Stocktitan, Nasdaq-listed Bitcoin mining company Bitdeer announced it will raise $300 million through a convertible senior note offering, depending on market conditions and other factors. Bitdeer also plans to grant initial purchasers of the notes an option to purchase up to an additional $45 million in principal amount of the notes within 13 days (inclusive) of the initial offering date.

PANews reported on February 19th that, according to The Block, New York-based crypto investment firm DBA has raised $68 million for its second venture capital fund. This follows its first fund of $50 million, raised in 2023. DBA was co-founded by Michael Jordan, former co-head of investment at Galaxy Digital, and Jon Charbonneau, a well-known Ethereum commentator. It has invested in underlying infrastructure such as DoubleZero and Monad, stablecoin application Payy, ICO fundraising platform MetaDAO, and Bitcoin scaling solutions.

BlockBeats news, February 20, Sean Farrell, head of digital asset strategy at Tom Lee's Fundstrat, released the latest Ethereum analysis. The current average cost of ETH is $2,241, while the current price is $1,934, resulting in an average investor loss of 22%. Comparing the current decline to historical lows, the average maximum investor loss reached 39% in 2022 and 21% in 2025. Applying these two figures to the current average cost of $2,241 suggests ETH could potentially drop to lows of $1,367 or $1,770.Based on realized loss percentile analysis since 2017 to project future returns, the current average loss is at the 9% percentile of historical highs, indicating a relatively high loss level. The implied 12-month return is +81%. This suggests Ethereum's price is nearing a bottom. In the long term, Ethereum's risk/reward ratio appears positive.Tom Lee himself reposted the analysis, stating it helps in considering investor capital flows and position allocation near lows.

BlockBeats News, February 20: Crypto investment firm DBA has raised $68 million for its second venture capital fund. Co-founded by former Galaxy Digital investment co-head Michael Jordan and well-known Ethereum commentator Jon Charbonneau, DBA has previously invested in base-layer infrastructure such as DoubleZero and Monad, stablecoin application Payy, capital platform for ICOs MetaDAO, and Bitcoin scaling solutions.

PANews reported on February 19th that, according to The Block, Coinbase announced that its on-chain lending product via the Morpho protocol now supports XRP, Dogecoin, Cardano, and Litecoin as collateral. Eligible users in the US, excluding New York State, can borrow up to $100,000 USDC by pledging these four assets without selling their holdings. Coinbase's product manager, Jacob Frantz, stated that this move aims to allow users to utilize their crypto assets without selling them, and that more tokenized assets will be supported in the future. Launched last year, the on-chain lending product previously supported BTC and ETH, with a BTC collateral borrowing limit of $5 million USDC and an ETH collateral borrowing limit of $1 million USDC. Company data shows that the product has generated over $1.9 billion in loans to date. The lending service is powered by the Morpho protocol on the Base network, with Coinbase providing the interface and charging a one-time loan fee. On-chain loans have no fixed repayment period, but borrowers must maintain a healthy collateralized value (LTV) to avoid liquidation. The maximum LTV for BTC and ETH loans is 75%, with a liquidation threshold of 86%; for XRP, DOGE, ADA, and LTC loans, the maximum LTV is 49%, with a liquidation threshold of 62.5%. Loan interest rates are determined by supply and demand within the Morpho protocol, and loan funds are prohibited from being used for trading on Coinbase according to the terms of the agreement.

PANews reported on February 18th that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $154 million in the past 24 hours. This included $96.1563 million in long positions and $57.4666 million in short positions. The total liquidation amount for BTC was $52.4197 million, and for ETH it was $44.1344 million.