February 26th, Hut 8 announced its full-year 2025 performance, reporting a net loss of $248 million, compared to a net profit of $331.4 million in the same period in 2024; the company attributed the performance pressure mainly to an unrealized digital asset loss of about $220 million. Revenue for the same period increased to $2.351 billion (compared to $1.624 billion in the previous year).Hut 8 also emphasized that it is transitioning from a Bitcoin mining company to a power and AI infrastructure developer, signing an AI leasing agreement in 2025 with financial support from Google, with a 15-year term and a base contract value of about $7 billion, stating that the scale of the development pipeline is expected to reach 8.5GW by the end of 2025. (The Block)

February 26, according to The Kobeissi Letter, the put/call ratio of the Nasdaq 100 index has risen to 1.2, the highest level since the 2022 bear market low, representing investors hedging against tech stocks. This surpassed the peak in April 2025 and any other reading in the past 12 years, excluding 2022 when the ratio reached 2.3.Furthermore, the total put/call ratio of the S&P 500 index has risen to 0.9, the highest level since April 2025. This aligns with levels seen during market pullbacks of 3-5% since early 2024.Additionally, the current put option trading volume, measured in dollars, is the second-largest increase in nearly two years compared to the call option trading volume, second only to levels seen before April 2025.

February 21st, according to HyperInsight monitoring, the "Silver Head Iron Army" (0x61cee) once again entered the market shorting 5000 ETH ($9.88 million), entry price $1,968.97, currently at a floating loss of $36,000. They also shorted 50 BTC ($3.4 million), entry price $67,727.5, currently at a floating loss of $16,000.This address is firmly bearish on silver, having previously closed a long-held silver short position at a loss of $4.79 million.

February 21st, according to Onchain Lens monitoring, a whale that has been dormant for 5 years deposited 1,000 BTC to Bitfinex (about $67.64 million), realizing a profit of approximately $38.35 million.The address originally spent about $29.28 million to withdraw this batch of Bitcoin from Bitstamp and FTX.

February 21, Coinbase CEO Brian Armstrong stated in a post on the X platform, "Coinbase custodies over 80% of all US BTC and ETH ETF assets and hit a peak of $31 billion in ETF asset net inflows in 2025. Coinbase is currently a partner to numerous ETF providers, including large financial institutions and government entities. Coinbase regularly conducts penetration tests with top cryptographers, holds multiple relevant technical patents, and undergoes continuous security reviews."

February 21, Cryptocurrency analyst Michaël van de Poppe posted that "Bitcoin's recent pullback has led to a significant surge in current realized losses, reaching a historical high. This is one of the largest realized loss events in Bitcoin's history, comparable to the 2018 bear market crash, the March 2020 COVID-19 plunge, and the loss peak during the 2022 Luna/FTX collapse."A large number of holders are engaging in capitulation-style selling, either panic selling or transferring their BTC while at a loss. This extreme realization of losses typically signifies market panic selling and forced liquidations. Historically, similar significant spikes in realized losses often occur near or at interim bottoms because it represents the clearing out of "weak hands" and highly leveraged positions.It is worth noting that the Sharpe Ratio has dropped to the lowest level since the last bottom; the market is undergoing a massive capitulation event with a very high scale of realized losses; market sentiment is nearly at rock bottom. The only difference is that this round of Bitcoin has dropped only about 50% from its all-time high, not 80%. The bottom is near."

February 21st. In response to today's circulating IoTeX token security incident, the IoTeX team has issued an official announcement stating that they have intervened in a timely manner and the current situation is under control. Initial assessments indicate that potential losses are far lower than rumored. The official statement indicates that they have collaborated with multiple major exchanges to track and freeze the hacker's assets. Further developments will be announced in a timely manner, reminding users to rely on official information.Prior to this, on-chain analyst Specter tweeted that they had discovered suspicious activity related to IoTeX token security.

February 21st: The probability of "Bitcoin rebounding to $75,000 in February" on Polymarket has dropped to 17%. Furthermore, the probability of rising to $80,000 is 3%, and the probability of falling to $60,000 is 14%.

February 21st, according to HTX market data, YGG surged over 21% in the past 24 hours, currently trading at $0.0484.

February 21st, on-chain analyst Specter posted that IoTeX may have experienced a private key leak incident, with its token treasury assets fully drained by an attacker, resulting in a total loss of approximately $4.3 million.On-chain data shows that the attacker transferred multiple token assets, including USDC, USDT, IOTX, PAYG, WBTC, and BUSD. Subsequently, the stolen assets were exchanged for ETH, with around 45 ETH then bridged to the Bitcoin network.Furthermore, 111 million CIOTEX tokens were minted at the address starting with 0xA46.