Trending:BTCEthereumStablecoinsPrediction MarketTrumpBinanceOKXUSDTDeFiAIFederal Reserve Chairman
PANews' new app distributes New Year's red envelopes.
Today's Must Read
・PA日报｜Gemini三位高管在IPO数月后集体离职；Dragonfly完成规模6.5亿美元第四期基金募集・Polymarket冲刺发币做营收数据？体育市场开闸收费，要做Web3新晋“印钞机”・普通人如何在AI浪潮冲击下“幸存”？
K33: Bitcoin has entered the "late stage of a bear market," and market signals are similar to the 2022 bottom.
PANews reported on February 18th that, according to The Block, research and brokerage firm K33 stated that the current Bitcoin market structure, derivatives positions, and ETF fund flows are highly similar to the late stages of the 2022 bear market, suggesting a potential long-term consolidation rather than a rapid rebound. Vetle Lunde, Head of Research at K33, stated that their proprietary indicators show a “striking similarity” to September and November 2022 (near the bottom of the bear market). However, historical experience shows that market bottoms are often followed by prolonged consolidation, with an average 90-day return of only about 3% in similar environments. Data shows that Bitcoin has fallen nearly 28% since January, funding rates have been negative for 11 consecutive days, open interest has fallen below 260,000 BTC, and long positions are being liquidated. Spot trading volume has decreased by 59% week-on-week, and futures open interest has fallen to a four-month low.
PA一线
Dragonfly's $650 million new fundraising and investment story: "Bear markets are our fundraising season."
Dragonfly Capital launched its fourth $650 million fund, expanding against the trend amid the crypto winter and demonstrating the resilience of crypto venture capital.
Techub News
Sports prediction market Novig raises $75 million in Series B funding, led by Pantera Capital.
PANews reported on February 18th that Novig, a sports betting prediction platform, announced the completion of a $75 million Series B funding round led by Pantera Capital, valuing the company at $500 million. Novig co-founder Jacob Fortinsky stated that the company, founded in 2021, aims to create a consumer-friendly platform for modern sports bettors, with its core advantage being its peer-to-peer trading model. Novig is currently applying for a license from the U.S. Commodity Futures Trading Commission, expected to be completed within six months. Fortinsky emphasized that unlike platforms such as Kalshi and Polymarket, Novig's product design and brand positioning are centered around sports events, better aligning with the usage habits of ordinary sports fans.
PA一线
Abu Dhabi's sovereign wealth fund, Mubadala, disclosed holdings of $630 million in BlackRock Bitcoin ETF.
PANews reported on February 18th that, according to Cryptopolitan, Abu Dhabi's sovereign wealth fund, Mubadala, disclosed in its 13F filing with the U.S. Securities and Exchange Commission that it held 12,702,323 shares of BlackRock's iShares Bitcoin Trust (IBIT) as of the end of the fourth quarter of 2025, worth approximately $630.6 million. This holding represents a 46% increase from 8.7 million shares at the end of the third quarter.
PA一线
Arthur Hayes: Bitcoin signaled a tightening of the dollar's economic credit system before Nasdaq.
PANews reported on February 18th that, according to Cryptopolitan, BitMEX co-founder Arthur Hayes stated in a recent article that the continued decline in Bitcoin prices while the Nasdaq 100 index remains relatively stable may be an early warning sign of a tightening credit crunch in the US dollar economy, foreshadowing a broader credit crisis. He described Bitcoin as a "fiat currency liquidity fire alarm," reacting faster than traditional indicators such as stocks. Hayes pointed out that Bitcoin is highly sensitive to changes in the financial system, and its price decline while the Nasdaq remains stable usually means that financial system problems not yet reflected in stocks are about to affect a wider market. He also warned that the impact of AI on white-collar jobs could lead to a large number of people losing income and struggling to repay credit cards, car loans, and mortgages.
PA一线
As AI reshapes the shopping experience, how much time does PayPal have left?
PayPal and Stripe compete for AI-powered business infrastructure; PayPal acquires Cymbio to secure its Agentic Commerce protocol; AI agents are reshaping e-commerce payments, with the market size predicted to reach trillions of dollars.
区块律动BlockBeats
Brevan Howard's crypto fund fell nearly 30% in 2025, marking its worst performance since inception.
PANews reported on February 18th that, according to CoinDesk citing the Financial Times, Brevan Howard's BH Digital fund, which focuses on investments in crypto tokens and digital assets, fell 29.5% in 2025, marking its worst annual performance since its inception in 2021, while Bitcoin fell 6% during the same period. The fund recorded gains of 43% and 52% in 2023 and 2024 respectively, benefiting from the recovery of the crypto market from its 2022 lows and Bitcoin breaking $100,000 in December 2024. A hedge fund investor stated that the fund includes a large number of private equity and venture capital vehicles, which generally underperformed the crypto market last year. Brevan Howard did not immediately respond to requests for comment.
PA一线
2026机器人赛道实战：修路、挖矿与造系统的三方角力
探索peaq、PrismaX和OpenMind三大项目如何构建机器人经济生态网络层、数据层、系统层协作推动具身智能从概念走向规模化应用
Tiramisu AI
Strategy's Bitcoin holding cost has fallen for the first time in nearly two and a half years.
PANews reported on February 18th that, according to Arkham monitoring, Strategy recently increased its Bitcoin holdings by $168.4 million, reducing MSTR's average holding cost by $29 to $76,027. The last time the average cost decreased was on September 25, 2023, nearly two and a half years ago.
PA一线
BitMine: Currently holds 3.62% of the ETH token supply, with total asset value reduced to $9.6 billion.
PANews reported on February 18th that, according to PR Newswire, Nasdaq-listed Ethereum treasury company BitMine disclosed that it now holds 3.62% of the Ethereum token supply. BitMine's total cryptocurrency, cash, and "Moonshots" holdings have decreased to $9.6 billion (compared to $10 billion disclosed last Monday). As of February 16, 2026 (Eastern Time), the company's cryptocurrency holdings include 4,371,497 ETH and 193 BTC. In addition, the company holds $200 million worth of Beast Industries shares and $17 million worth of Eightco Holdings shares, as well as a total of $670 million in cash. In the past week, BitMine increased its ETH holdings by 45,759, and its total Ethereum staked amount to 3,040,483.
PA一线
PA Daily News | Three Gemini executives resigned months after the IPO; Dragonfly completes fundraising for its fourth fund, raising $650 million.
Laurore Ltd became the largest new holder of BlackRock's Bitcoin ETF, followed closely by Jane Street; Silicon Valley investment giant Peter Thiel exited Ethereum treasury company ETHZilla; Strategy increased its holdings by 2,486 Bitcoins, bringing its total holdings to 717,131.
PA日报
He Yi: BNB has achieved a cumulative return of 5354 times to date, and Binance will remain committed to the industry in the long term.
On February 18th, PANews reported that Binance co-founder He Yi posted on the X platform, stating that in the eight years since Binance's launch, BNB has achieved a cumulative return of 5354 times, with numerous users benefiting from the Binance, BNB, and BNB Chain ecosystem, forming the community's most solid fundamentals. He Yi thanked the "Binance Angels" volunteers for their long-term contributions, noting that many have quietly dedicated themselves for 5 to 8 years. Regarding the company's operating philosophy, He Yi emphasized Binance's principle of "harmony brings wealth." She cited game theory, stating that in complex environments, the optimal solution is "you treat me well, I will treat you well," emphasizing that while the industry is constantly changing, Binance will exist long-term, neither causing trouble nor fearing it. She also reminded users that investment decisions require independent research. Furthermore, He Yi pointed out that while Binance is committed to building a platform that users can trust, investment decisions still require users to conduct their own research (DYOR).
PA一线
How can ordinary people "survive" the impact of the AI ​​wave?
Now is the time. Not the kind of procrastination of "we should talk about this later," but the urgency of "this is happening, and I need your understanding."
Felix
Binance founder CZ in an interview with "Blockchain 100": Industry upheaval is never the end.
Video
CZ's 2017 interview reviewed the ICO overheating and the proliferation of exchanges, predicting that technology would drive the restructuring of global platforms and overseas markets. Now, at a new crossroads in 2026, his autobiography reveals a decade of decision-making processes, with early logic laying the groundwork for the future.
PA影音
Anthropic expects to pay at least $80 billion over three years to Amazon, Google, and Microsoft to run Claude AI on cloud servers.
PANews reported on February 18th that, according to The Information, AI giant Anthropic recently made its most optimistic prediction, expecting to pay at least $80 billion to Amazon, Google, and Microsoft by 2029 to run its Claude AI system on their cloud servers. However, this isn't the only way these tech giants profit from Anthropic: they also receive a share of the revenue generated if their customers purchase Anthropic's AI products, and this revenue stream is growing rapidly. According to Anthropic's own data, the company paid only about $1.3 million in AI sales royalties to cloud service providers in 2024.
PA一线
Decentralized SocialFi platform Zora has launched an attention marketplace on Solana and is recruiting "Attention Economists".
PANews reported on February 18th, citing Cointelegraph, that decentralized SocialFi platform Zora has announced the launch of a new Attention Markets platform on the Solana chain. This platform allows traders to trade trending terms, topics, hashtags, and trends online. Users can create "Trends" before a topic explodes in popularity and track profits and losses in real time. Zora co-founder Jacob Horne stated that currently, launching a Trend requires 1 SOL to suppress spam. Trends themselves do not offer creator rewards, but pairs under a Trend can receive creator incentives.
PA一线
Is Polymarket rushing to issue cryptocurrency to boost revenue figures? The sports market is opening up to fees, aiming to become the new "money-printing machine" of Web3.
On February 18, 2026, Polymarket announced that starting that day, the platform would pilot a market order fee in the sports marketplace. PANews conducted an in-depth analysis of Polymarket's fee mechanism, revenue model, competitor benchmarks, and expected token airdrop.
Frank
Prediction market platform Kalshi sued in Nevada, USA
PANews reported on February 18th that, according to Business Insider, Nevada regulators have officially sued prediction market platform Kalshi. The regulators are reportedly seeking a court order to prohibit Kalshi from continuing to operate an "unlicensed sports betting business." They also noted Kalshi's rapid growth, with trading volume on Super Bowl Sunday this year being 27 times that of last year. As of now, a Kalshi spokesperson declined to comment, but disclosed that they have requested federal court to hear the case, pointing out that only federal law applies to prediction markets, and that the state's new enforcement action is based on the same issues being addressed in the federal court.
PA一线
Vitalik Buterin: Network-layer anonymity is a key missing link in privacy infrastructure
PANews reported on February 18th that Ethereum co-founder Vitalik Buterin stated in an article on the X platform that network-layer anonymity is a crucial component that has long been lacking in the current privacy technology system, and it is key to improving on-chain and off-chain privacy primitives. Current privacy technologies cover on-chain privacy solutions and off-chain zero-knowledge applications, but network-layer anonymity capabilities still have a significant gap. Furthermore, in some application scenarios, bandwidth requirements are low but latency is extremely sensitive; therefore, achieving a balance between low latency and high anonymity will be of great value to the development of related technologies.
PA一线
The End of DAT: Liquidation or Self-Rescue?
People will not only evaluate digital asset accumulation strategies, but also the conditions under which they can survive. In the ongoing DAT cycle, only those companies that can manage dilution, debt, fixed obligations, and trading liquidity will be able to weather the market downturn.
比推BitPush
Latest News
MYX completes strategic financing led by Consensys; V2 version to be released soon.
BIP-360 co-author: Bitcoin may need 7 years to upgrade to the post-quantum era.
K33: Bitcoin has entered the "late stage of a bear market," and market signals are similar to the 2022 bottom.
Hyperliquid has established a policy center focused on DeFi, led by renowned crypto lawyer Jake Chervinsky.
Hassett: The Fed still has a lot of room to cut interest rates.

Industry Key Indicators

Total Crypto Market Cap$2.39T
Bitcoin Market Cap$1.34T
Ethereum Market Cap$237.80B
ETH/BTC Ratio0.03
Ethereum Gas PriceNaN gwei
DeFi TVL$168.72B
Fear and Greed Index8 (Extreme Fear)
Federal Reserve Balance Sheet$662.24T

Hot MEME

Name
Market Cap
1h Trading Volume

Bill Market Peak Indicator

IndicatorCurrent ValueReference ValueHits
Bitcoin Ahr999 Index0.3 ▼ ≥4
Days of ETF Net Outflows2≥10
ETF-to-BTC Ratio10.91%≤3.5%
Bitcoin Bubble Index-4.8 ▼ ≥80
USDT Flexible Savings3.49% ▼ ≥29%
Altcoin Season Index41 ▼ ≥75
Bitcoin Dominance57.99% ▲ ≥65%
Bitcoin 4-Year Moving Average1.2 ▼ ≥3.5
MicroStrategy's Avg Bitcoin Cost76.1K ▲ ≥155.7K
Bitcoin Terminal Price67.1K187.7K

Popular Activities

Latest
Blockchain Life 2026

Event Calendar

「」The Federal Reserve releases the minutes of its monetary policy meeting. 「」Upbit terminates Groestlcoin (GRS) token withdrawals. 「」Layerzero (ZRO) unlocked approximately 24.07 million tokens, worth approximately $51.42 million. 「」KAITO (KAITO) unlocked approximately 32.6 million tokens, worth approximately $12.41 million. 「」The U.S. Supreme Court issued an opinion regarding tariffs. 「」MBG By Multibank Group (MBG) unlocks approximately 27.15 million tokens, worth approximately $8.3 million.

Popular Articles

Industry News
Market Trends
Curated Readings
Subscribe
Beginner's GuideAPP upgrade

TGE Know