Must-Follow During the Spring Festival Holiday|PCE Reading May Disturb Interest Rate Cut Pace; Qian Zhimin Case Hearing Scheduled for February 16

marsbitPublished on 2026-02-15Last updated on 2026-02-15

Abstract

The article outlines key events schedule during the Chinese New Year holiday period (February 16-23, 2026). Major events include a UK High Court hearing on February 16 regarding a 60,000 Bitcoin money laundering case involving 130,000 Chinese victims and over ¥30 billion. On February 17, 21shares will distribute staking rewards to Solana ETF holders. Polymarket will extend fees to NCAA and Serie A markets starting February 18. The Fed will release its meeting minutes on February 19. Critical U.S. economic data, including Q4 GDP and core PCE (the Fed's preferred inflation gauge), will be published on February 20; higher-than-expected PCE could impact rate cut expectations. The U.S. Supreme Court is also set to issue an opinion on Trump-era tariffs that day. Elon Musk announced the release of Grok 4.2 with significant improvements sometime during the week.

Key Events for the Coming Week

February 16 (Chinese New Year's Eve)

Hearing for 60,000 Bitcoin Money Laundering Case Scheduled for February 16, Involving Nearly 130,000 Chinese Victims, Total Amount Involved Exceeds 30 Billion CNY;

February 18 (Second Day of New Year)

Polymarket Plans to Extend Fee Structure to Sports Markets on February 18, Initial Pilot for NCAA and Serie A Markets;

February 19 (Third Day of New Year)

Federal Reserve to Release Monetary Policy Meeting Minutes;

February 20 (Fourth Day of New Year)

U.S. to Release Preliminary Q4 GDP and Core PCE Price Index;

U.S. Supreme Court to Issue Opinion on Trump Tariff Case on February 20

Others (Specific Time TBD)

Elon Musk: Grok 4.2 to Be Released Next Week;

From February 16 to February 22, more noteworthy industry event details are as follows.

February 16 (Chinese New Year's Eve)

Hearing for 60,000 Bitcoin Money Laundering Case on February 16, Involving Nearly 130,000 Chinese Victims, Total Amount Involved Exceeds 30 Billion CNY

Odaily Planet Daily News: 8,300 Chinese victims applied for claims on 60,000 Bitcoins. The asset disposal in the Qian Zhimin money laundering case is deadlocked, with multiple law firms representing separately and fighting their own battles. In the view of the UK judge, there are issues such as duplicate submissions, repeated arguments, and prolonged procedures, while legal fees continue to rise, ultimately to be paid by the Chinese victims. It is reported that on the Chinese New Year's Eve and the first day of the Year of the Horse (February 16 and 17, 2026), the UK High Court will hold a hearing concerning assets exceeding 30 billion CNY and nearly 130,000 Chinese victims. This is the highly anticipated asset disposal procedure for the 60,000 Bitcoin money laundering case. Additionally, Bitcoin price fluctuations are significant; the market value of 60,000 Bitcoins has shrunk from a high of approximately 54 billion CNY on October 6, 2025, to about 31 billion CNY in early February 2026. (Caixin)

February 17 (First Day of New Year)

21shares Plans to Distribute Staking Rewards to Solana ETF Holders on February 17

Odaily Planet Daily News: Cryptocurrency exchange-traded product provider 21shares announced it will distribute staking rewards to holders of its Solana Exchange Traded Fund, the 21shares Solana ETF (TSOL). TSOL shareholders will receive $0.316871 per share, with the payment date set for February 17, 2026. (Globenewswire)

February 18 (Second Day of New Year)

Polymarket Extends Fee Structure to Sports Markets, Will Charge Fees for NCAA and Serie A Events Starting February 18

Odaily Planet Daily News: Polymarket official Rodrigo stated in a Discord post that the fee mechanism will be extended to college basketball (NCAA) and Serie A markets. The fee structure is the same as the "15-minute cryptocurrency up/down markets," meaning the taker pays the fee and the maker receives a rebate, but the coefficients are different — the rate is 0.0175, the index is 1, and the maker rebate is 25%, so the overall fee will be lower.

Starting from 00:00 UTC on Wednesday, February 18, 2026, all newly created events related to NCAA and Serie A after this time will be subject to the new fee mechanism. Existing events are unaffected. The first rebate distribution time is 00:00 UTC on February 19.

ETH Denver to Be Held from February 18 to 21

Odaily Planet Daily News: ETHDenver will be held in Denver, USA, from February 18 to February 21.

WLFI to Host First World Liberty Forum at Mar-a-Lago on February 18

Odaily Planet Daily News: WLFI will host the first World Liberty Forum at Mar-a-Lago on February 18. Forum topics will cover the evolution of financial markets, digital assets, artificial intelligence, geopolitical risks, and public-private partnerships.

February 19 (Third Day of New Year)

Federal Reserve to Release Monetary Policy Meeting Minutes

Odaily Planet Daily News: At 3:00 on February 19, the Federal Reserve will release the monetary policy meeting minutes.

February 20 (Fourth Day of New Year)

U.S. to Release Preliminary Q4 GDP and Core PCE Price Index

Odaily Planet Daily News: At 21:30 on February 20, the U.S. will release the December Core PCE Price Index Year-over-Year, Personal Spending Month-over-Month, U.S. Q4 Real GDP Annualized Quarter-over-Quarter Preliminary, U.S. Q4 Real Personal Consumption Expenditures Quarter-over-Quarter Preliminary, U.S. Q4 Core PCE Price Index Annualized Quarter-over-Quarter Preliminary, U.S. December Core PCE Price Index Month-over-Month.

The preliminary Q4 GDP and Core PCE Price Index have become a market focus. As the Federal Reserve's preferred inflation gauge, a PCE reading higher than expected could affect the pace of policy easing within the year.

U.S. Supreme Court to Issue Opinion on Trump Tariff Case on February 20

Odaily Planet Daily News: The U.S. Supreme Court has set February 20 as the next opinion release day. The world is currently awaiting a ruling that could invalidate most of former President Trump's signature tariff policies. Reports indicate that the justices are also expected to release opinions on February 24 and 25. This tariff dispute is one of 12 cases argued in October or November that have not yet been decided. U.S. federal government data shows the disputed tariffs cost importers over $16 billion per month. Economic analyst Chris Kennedy calculated that at this rate, by February 20, the total taxes collected under the core law of the case, the "International Emergency Economic Powers Act of 1977," could exceed $170 billion. (Jin10)

February 21

None

February 22

None

February 23 (Sixth Day of New Year)

NFT Platform Nifty Gateway to Shut Down on February 23, 2026, Now in Withdrawal-Only Mode

Odaily Planet Daily News: NFT platform Nifty Gateway Studio posted on X platform stating that the Nifty Gateway platform will shut down on February 23, 2026. Effective immediately, Nifty Gateway is in withdrawal-only mode. Customers holding USD, ETH balances, or NFTs will receive email notifications with instructions on moving assets out of the Nifty Gateway platform.

Strategy World 2026 to Be Held in Las Vegas, USA from February 23 to 26

Odaily Planet Daily News: The Strategy World 2026 summit, hosted by Strategy, will be held in Las Vegas, USA, from February 23 to 26, featuring over 80 conferences and hands-on workshops.

Others (Specific Time TBD)

Elon Musk: Grok 4.2 to Be Released Next Week

Odaily Planet Daily News: Elon Musk posted on X that Grok 4.2 will finally be released next week, with significant improvements compared to version 4.1.

Related Questions

QWhat is the significance of the PCE reading to be released on February 20th, and why is it a market focus?

AThe PCE (Personal Consumption Expenditures) reading is the Federal Reserve's preferred inflation gauge. A reading higher than expected could influence the pace of policy easing (interest rate cuts) for the year, making it a major focus for financial markets.

QWhat key event is happening on February 16th regarding the Qian Zhimin case, and what is at stake?

AA hearing for the Qian Zhimin money laundering case, involving 60,000 Bitcoin, is scheduled for February 16th. The case concerns nearly 130,000 Chinese victims with involved funds exceeding 30 billion yuan. The hearing will address the asset disposal process.

QWhat change is prediction market Polymarket implementing on February 18th?

AOn February 18th, Polymarket is expanding its fee structure to sports markets, specifically starting with NCAA basketball and Serie A football events. A taker fee of 0.0175 will be introduced, with a 25% rebate for makers.

QWhat major AI model update did Elon Musk announce for release the following week?

AElon Musk announced that Grok 4.2, a significantly improved version over Grok 4.1, will be released the following week.

QWhat will the U.S. Supreme Court rule on regarding former President Trump on February 20th?

AThe U.S. Supreme Court is set to issue an opinion on February 20th regarding a case on tariffs imposed by former President Trump. The ruling could potentially invalidate a large portion of his signature tariff policy, which has cost importers over $160 billion per month.

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