Key Events Preview:
- Flying Tulip will conduct TGE on February 23;
- Alchemy Pay plans to launch the testnet of its L1 public chain Alchemy Chain on February 23;
- US President Trump will deliver the State of the Union address on February 24; on the same day, the US will impose a 10% temporary tariff on some imported goods;
- NVIDIA will release its earnings report after market close on February 25;
- Jupiter (JUP) will unlock approximately 253 million tokens at 10:00 PM Beijing Time on February 28, accounting for about 7.94% of its circulating supply, valued at approximately $39.3 million;
- Sui (SUI) will unlock approximately 43.35 million tokens at 8:00 AM Beijing Time on March 1, accounting for about 1.13% of its circulating supply, valued at approximately $40.46 million.
February 23
Special Focus:
Trump Considers "Limited Military Strike" on Iran, Iranian Foreign Minister Says Draft Agreement with US to Be Finalized by February 23
On February 20 local time, Trump stated that he is considering a "preliminary limited military strike" on Iran to compel Iran to accept US demands regarding the nuclear agreement. The Iranian Foreign Minister stated that there is no military solution to Iran's peaceful nuclear program, and the only solution is diplomacy. The draft agreement with the US will be finalized within three days (i.e., by February 23).
Project Updates:
Flying Tulip to Conduct TGE on February 23
Flying Tulip, an on-chain financial system founded by Andre Cronje, announced that the FT token public sale will commence on February 16, with TGE scheduled for February 23. Previously, Flying Tulip concluded its token sale on CoinList, with commitments nearing $10 million.
Alchemy Pay Plans to Launch L1 Public Chain Alchemy Chain Testnet on February 23
Cryptocurrency payment provider Alchemy Pay announced plans to launch the testnet of its L1 public chain, Alchemy Chain, on February 23. The public chain will be built on the Solana Virtual Machine architecture and will provide a payment system allowing users to transact using fiat currency and cryptocurrency for large-scale commercial applications.
HyperLiquid to Hold Validator Vote on Delisting OM on February 23
HyperLiquid announced on platform X that validators will vote around 08:00 UTC on February 23 (16:00 Beijing Time) on whether to delist OM. If validators vote to delist OM, traders should settle their positions to the 1-hour time-weighted spot oracle price before delisting and cancel all open orders. Therefore, positions should be closed in advance to avoid automatic settlement. No new orders will be accepted after settlement is completed.
NFT Trading Platform Nifty Gateway Announces Shutdown, Advises Users to Withdraw Assets by February 23
NFT trading platform Nifty Gateway announced its shutdown and advised users to withdraw their assets by February 23. Nifty Gateway was one of the early NFT trading and management platforms, acquired by cryptocurrency exchange Gemini in 2019.
February 24
Policy & Regulation:
White House: 10% Temporary Tariff on Some Imported Goods to Take Effect from February 24
The White House stated that President Trump has signed a new proclamation imposing a 10% import tariff on goods imported into the US over 150 days, effective at 00:01 Eastern Standard Time on February 24. The White House stated that this tariff decision aims to "address fundamental international payment issues."
Additionally, US President Trump will deliver the State of the Union address on February 24, outlining policy priorities for the coming year.
US SEC Postpones Decision on Increasing IBIT Options Position Limit, New Deadline February 24
The US Securities and Exchange Commission (SEC) has designated a longer period to decide on a rule change proposal submitted by Nasdaq ISE. The proposal aims to increase the position and exercise limits for iShares Bitcoin Trust (IBIT) options from the current 250,000 contracts to 1,000,000 contracts. The SEC has extended the decision deadline to February 24, 2026, to allow sufficient time to review the market impact of significantly relaxing the limits.
Project Updates:
Fabric Foundation Opens ROBO Airdrop Registration, Deadline February 24
The Fabric Foundation has opened registration and review channels for the ROBO airdrop. Users can link their wallets, X accounts, Discord accounts, and GitHub accounts between 11:00 Beijing Time on February 20 and 11:00 Beijing Time on February 24. The airdrop quantity will be announced when claiming opens.
February 25
Key Focus:
NVIDIA will release its earnings report after market close on February 25. Its performance and guidance will not only affect its own stock price but also directly influence investment sentiment across the entire AI industry chain.
Macro Policy:
Hong Kong Financial Secretary Paul Chan: New Fiscal Year's "Budget" to Be Delivered on February 25
Hong Kong Financial Secretary Paul Chan published a blog post disclosing that the new fiscal year's "Budget" will be delivered on February 25. Benefiting from a buoyant financial market, overall revenue, including stamp duty, has increased, allowing the SAR government's operating account to return to surplus ahead of schedule. However, with increased government investment in public works, the capital account for this year will still record a deficit. Chan previously responded to suggestions for launching a gold-pegged stablecoin by stating that stablecoin development would proceed step by step, and suggestions for pegging to gold or other assets would be considered after the first step is completed, emphasizing the need for careful handling.
Token Unlocks:
Humanity (H) will unlock approximately 105 million tokens at 8:00 AM Beijing Time on February 25, accounting for about 4.37% of its circulating supply, valued at approximately $17.1 million.
February 26
Exchanges:
Crypto Exchange ProBit Global to Terminate All Services on February 26, Urges Users to Withdraw Funds Promptly
Crypto exchange ProBit Global announced on December 31, 2025, that due to rapidly changing regulatory environments and strategic business restructuring, all platform services will officially terminate starting at 08:00 (UTC+8) on February 26, 2026. Spot trading will cease at 08:00 (UTC+8) on January 28, 2026. Standard withdrawal services will remain open until 07:59 (UTC+8) on February 26, 2026. All users are strongly urged to complete withdrawals before this deadline to avoid potential asset loss or incurring management fees.
The delayed asset return period is from 08:00 (UTC+8) on March 1, 2026, to 07:59 (UTC+8) on April 1, 2026. If users fail to withdraw assets by the end of the standard withdrawal period, their accounts will be considered inactive, and remaining assets will be subject to maintenance fees to cover infrastructure and custody services. Fees will be strictly charged starting at 08:00 (UTC+8) on March 1, 2026. According to the Terms of Service, any assets not withdrawn by 07:59 (UTC+8) on April 1, 2026, will be considered abandoned and permanently lost.
US Representatives Demand Investigation into WLFI's Bank Charter Application, Written Response Required by February 26
Over 40 US House Democratic lawmakers sent a joint letter to Treasury Secretary Scott Bessent on February 19, demanding an investigation into the federal bank charter application of the Trump family's cryptocurrency enterprise, World Liberty Financial (WLFI), citing potential conflicts of interest and national security risks. Currently, World Liberty Financial is applying for a national bank charter from the Office of the Comptroller of the Currency (OCC). Democratic lawmakers have requested a suspension of the review process and clarification on whether the White House and Treasury Department are involved in the charter approval process, requiring a written response by February 26.
February 27
Macro Economy:
US to release January PPI data.
Exchanges:
FTX Users and Law Firm Fenwick & West Reach Settlement Intent Regarding Their Role in FTX Incident, Formal Settlement Agreement to Be Submitted on February 27
FTX users have reached a settlement intent with US law firm Fenwick & West regarding its role in the FTX incident. Both parties plan to submit a formal settlement agreement and apply for approval from the Florida Federal Court on February 27. Specific settlement terms have not been disclosed. The lawsuit was initially filed in 2023, with plaintiffs alleging that Fenwick & West provided "critical assistance" in the design of FTX's fraudulent structure.
Project Updates:
IREN to Be Included in MSCI US Index on February 27
Data center operator and Bitcoin miner IREN will be included in the MSCI US Index after the close of trading on February 27.
February 28
Token Unlocks:
Jupiter (JUP) will unlock approximately 253 million tokens at 10:00 PM Beijing Time on February 28, accounting for about 7.94% of its circulating supply, valued at approximately $39.3 million.
Grass (GRASS) will unlock approximately 55 million tokens at 9:30 PM Beijing Time on February 28, accounting for about 13.15% of its circulating supply, valued at approximately $10.1 million.
March 1
Token Unlocks:
Sui (SUI) will unlock approximately 43.35 million tokens at 8:00 AM Beijing Time on March 1, accounting for about 1.13% of its circulating supply, valued at approximately $40.46 million.
EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 PM Beijing Time on March 1, accounting for about 8.15% of its circulating supply, valued at approximately $6.8 million.
