On-Chain Data

Aave's governance controversy led to its TVL dropping from $36 billion to $26.5 billion, mainly due to asset price declines and whale users shifting to other platforms. During this period, Justin Sun transferred $910 million in stablecoins from Aave to Sky and Spark, with funds increasing from $570 million to $1.48 billion.

According to a Chainalysis report, Iran's cryptocurrency ecosystem is expected to reach $7.78 billion by 2025, with a rapid growth rate. As cryptocurrency mining becomes legalized and the Iranian Revolutionary Guard becomes involved, addresses related to it will account for over 50% of total inflows. Meanwhile, the public is increasing Bitcoin withdrawals during protests and internet outages.

Crypto markets plunged as U.S.-Iran tensions flared, leading to $1.8B in sell orders and $500M in liquidations, primarily in Bitcoin and Ethereum. Polymarket users profited from predicting strikes, showcasing the influence of geopolitical events on trader sentiment and market instability.

Vitalik Buterin sold 17,196 ETH worth over $30 million to fund the Ethereum Foundation and his biotech nonprofit, reducing his holdings by 7%. This aligns with his ongoing philanthropic pattern during market downturns.

While bitcoin has been idling well beneath the $70,000 threshold, onchain metrics reveal that long-dormant wallets established between 2010 and 2017 have stirred to life in February, shifting 1,908.21 BTC value at just over $125 million through 69 separate transactions. Early Bitcoin Spending

Tether froze 4.2 billion USDt in three years as regulators increased scrutiny on crypto crime. USDt supply fell by $2.7 billion in two months marking the sharpest drop since 2022. Authorities relied on Tether to blacklist wallets and restrict funds linked to fraud. Stablecoin issuer Teth

The Bitcoin exchange whale ratio reached 0.64 on February 20, 2026, the highest since 2015, indicating that large holders account for 64% of the major inflows. Analysts warn that such concentration could trigger a price correction, especially in a liquidity-tight environment. Although market uncertainty is rising, recent Bitcoin demand has shown a rebound trend, indicating a potential positive signal.

U.S. Spot Bitcoin ETF Funds Rebound, Attracting Over $500 Million on Wednesday, the Best Performance in Nearly 3 Weeks, Indicating a Revival of Investors' Extreme Pessimism. According to SoSoValue data, all 12 Bitcoin spot ETFs in the U.S. recorded a net inflow of $506.5 million on Wednesday, with BlackRock's IBIT net inflow of $297.4 million, and other six funds including Fidelity and Grayscale also recorded net inflows. Kronos Research Chief Investment Officer Vincent

This essay analyzes the performance of the top 15 Perpetual Decentralized Exchanges (DEXes), highlighting key metrics such as active addresses, total volume locked (TVL), and revenue generated over recent periods. Hyperliquid leads with significant figures, followed by Lighter and Aster, among others.

On 2026-02-28 from 07:00 to 07:15 (UTC), ETH prices surged rapidly within 15 minutes, with a range volatility of 1.56%, hitting a low of 1835.12 USDT and a high of 1863.79 USDT, yielding a return of +1.10%. Market attention significantly increased, and short-term capital activity drove increased volatility. The main drivers of this anomaly are large whale accumulation and a significant concentration of on-chain holdings. On-chain data shows approximately 2.5 million ETH flowing into "in-only" whale addresses, greatly increasing the concentration of holdings. The capital side is showing strong...

Cardano partners with Circle to launch the USDCx stablecoin framework, enabling 1:1 minting and redemption to enhance on-chain US dollar liquidity. Although the total locked value remains low, it has already integrated with multiple decentralized platforms. This move helps promote the development of compliant stablecoin infrastructure and lays the foundation for future DeFi applications. In the future, the conversion of stablecoin funds into on-chain demand will determine the potential for TVL recovery.

XRP's recent price remains steady in the $1.32-$1.48 range, with the market watching to see if it can break through $1.5. As on-chain activity increases, FXRP minting has risen significantly, and DeFi participation has grown. Capital inflows have strengthened, and positive signs are emerging in spot ETFs, with technical indicators showing bullish momentum is building.

Ripple's Ripple Custody assisted Ctrl Alt and Billiton Diamond in completing diamond tokenization transactions worth over $280 million, bringing their certified polished diamonds onto the XRPL blockchain, promoting the development of real-world asset tokenization. This transaction demonstrates the potential of XRPL in high-value asset on-chain applications and helps improve market transparency and efficiency.

Bitcoin retreated due to the US PPI exceeding expectations and Nvidia's stock price declining, falling to $65,735, a weekly decrease of 2.8%. Altcoins such as Solana and Ethereum experienced even larger drops. Despite strong Bitcoin ETF fund inflows, the overall market remains under pressure, with attention on price range support and the potential for a future rebound.

Venus Flux, a newly launched liquidity layer on BNBChain by Venus Protocol and Fluid, has seen robust market activity with a total market size of $119 million. It enhances capital efficiency and integrates DeFi applications, highlighting rising user engagement and institutional participation.

PANews February 28 News: The current stablecoin holdings on the Polygon network have reached approximately $3.28 billion, setting a new record high.

Tether has frozen approximately $4.2 billion in USDT related to illegal activities, with $3.5 billion this year alone. They also collaborated with the U.S. Department of Justice to freeze $61 million linked to large-scale crypto fraud. USDT's circulating supply has surpassed $180 billion, reinforcing its status as the largest stablecoin. Tether can remotely freeze tokens at law enforcement's request to aid investigations and curb financial crime.

Bitcoin’s bullish setup is strengthening as wallets holding 100 BTC or more approach record levels, according to Santiment, which says this trend can be considered a bullish sign when it rises during or after price declines. Bitcoin Flashes Possible Bullish Sign as Large Holders Climb

Recently, on-chain analyst Ai Yi detected the largest single transaction in nearly three weeks for the gold token XAUT, transferring 28,723 XAUT from Tether's treasury to Abraxas Capital in the UK, valued at $151 million. Abraxas Capital is an important institutional client of Tether.