Gate Crypto Flash News and Market Updates

PANews February 21 News, when asked by netizens on X platform about when Grok will surpass Claude in programming-related tasks, Musk replied: "June."

ChainCatcher reports that, according to Polymarket data, the probability of Bitcoin falling below $55,000 by 2026 is as high as 73%, while the probability of reaching $100,000 on the upside is only 38%.

The European Union fined X platform, owned by Musk, 120 million euros for violating the Digital Services Act. X platform has filed an appeal, claiming that the investigation was flawed and accusing procedural errors and rights infringements. This fine is the first penalty imposed by the EU under this law.

ChainCatcher News: NBA retired star Scottie Pippen posted a Bitcoin futures chart, comparing the 2020 bull market start with the current pattern, implying a similar surge is imminent. Pippen has previously made several crypto-friendly comments and stated that he personally met Satoshi Nakamoto in 1993.

Sonic Labs releases 2026 ecosystem update, with the CEO and business head having resigned and being temporarily replaced by the board. The company's funding allocation is diverse, with S tokens totaling 127 million. The AI smart contract generation platform is currently in testing, with FeeM distributing over 2.6 million S tokens, focusing on long-term ecosystem development and adjusting the rebate structure.

ChainCatcher Message: Currently, Bitcoin prices are fluctuating mostly in the mid-$60,000 range. Market opinions suggest that retail buying can provide some "bottom support" and generate short-term momentum. However, for a sustainable rebound to form, large holders need to stop distributing and even shift to net buying. Analysis indicates that Bitcoin is not lacking retail participation at present; the key is whether whales will cease selling pressure and turn to structural buying. Otherwise, each rebound may face the risk of being sold at high levels.

PANews February 21 News, according to Onchain Lens monitoring, a wallet associated with Pump.fun has sold a total of 3.376 billion PUMP tokens, worth approximately $7.23 million, and currently holds 373.49 million PUMP tokens.

According to ChainCatcher reports, the total net inflow of Ethereum spot ETFs is $17,200. Among them, BlackRock ETF ETHA had the highest single-day net inflow at $1,782,600, with a total net inflow of $11,875,000,000. 21Shares ETF TETH follows closely, with a single-day net inflow of $687,700 and a total net inflow of $17,090,400. Fidelity ETF FETH experienced the largest single-day net outflow at $2,453,100. Currently, the total net asset value of Ethereum spot ETFs is $11,141,000,000.

BlockBeats News, February 21 — According to Farside Investors monitoring, yesterday the US Bitcoin spot ETF had a net inflow of $88.1 million, with IBIT experiencing a net inflow of $64.5 million. Ethereum ETF inflow/outflow was $0.

Ctrl Alt announces collaboration with Dubai Land Department to launch the second phase of the real estate tokenization pilot project, involving ten properties valued at over $5 million. Approximately 7.8 million tokens can be resold on a controlled secondary market, aiming to enhance market liquidity and investor protection. Transactions are conducted within a regulatory framework.

According to SoSoValue data, on February 20th, SOL spot ETF had a total net inflow of $3,777,400 in a single day, with Bitwise Solana Staking ETF experiencing the highest net inflow of $3,048,500, bringing the total net inflow to $694 million. Franklin Solana ETF had a net inflow of $728,900, with a total net inflow of $6.7432 million. As of now, the total net asset value of SOL spot ETFs is $737 million, with a cumulative net inflow of $889 million.

Odaily Planet Daily News: The Hong Kong Gold Exchange held a New Year opening ceremony for the Bingwu Year yesterday. During his speech, Chairman Zhang Dexi stated that the Hong Kong Gold Exchange has officially partnered with a subsidiary of Alibaba Group to develop a digital commodities blockchain, as well as an international precious metals trading platform and clearing and settlement system. This aims to unify risk control and regulation across Hong Kong's spot, futures, digital gold, BtoC trading, actuarial centers, and OTC markets. The setup is expected to be completed within 6 months, and there is hope to connect with the "Hong Kong Gold Central Clearing System" established by the SAR government. (Hong Kong Wen Wei Po)

Nasdaq has posted a job listing seeking a Product Manager to lead the development of tokenization products, requiring candidates to have experience in FinTech or capital markets. This move reflects Nasdaq's ongoing expansion in the digital asset space.

ChainCatcher reports that, according to Coinglass data, if BTC drops below $64,281, the total long liquidation strength on major CEXs will reach $1.706 billion. Conversely, if BTC breaks through $70,977, the total short liquidation strength on major CEXs will reach $1.572 billion.

JPMorgan Chase requests to transfer Trump's lawsuit over account closure from Miami to the Federal Court in New York, citing that both parties agreed to resolve disputes in New York when opening the account and that the case has a close connection to New York. Trump alleges that the bank de-banked him after the January 6 Capitol attack and is seeking at least $5 billion in damages.

Gate News bot message, whale "pension-usdt.eth" has closed his $BTC and $ETH long positions with both of his wallets, making a total of $1.46M. Pension is now making an overall $23.93M.

ChainCatcher message: According to tracking data from the Web3 asset data platform RootData X, over the past 7 days, the decentralized derivatives exchange MYX.Finance has been the most followed project by new X (Twitter) Top personalities. Influential X figures who recently followed this project include zac.eth(@zacxbt) and Pump Pump Superman.

According to tracking data from RootData, over the past 7 days, the decentralized AI memory layer Unibase has been unfollowed by several influential figures on X, with BroLeon from Australia and 0xAA being new participants. Meanwhile, Kaito is also one of the projects most unfollowed by top X personalities.

PANews February 21 News, according to Jintou citing Observer Network, a White House official confirmed that Trump will visit China from March 31 to April 2, and previously expressed anticipation of a welcome ceremony.