Breaking News Preview:
- The disposal of assets in Qian Zhimin's money laundering case involving 60,000 bitcoins has reached a stalemate, and a hearing will be held on February 16.
- The Flying Tulip will be available for public sale on February 16th;
- 21shares will distribute staking rewards to Solana ETF holders on February 17.
- The Trump family's cryptography project, WLFI, will host its inaugural "World Liberty Forum" at Mar-a-Lago on February 18.
- The U.S. Supreme Court will release its opinion on tariffs on February 20.
- LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 PM Beijing time on February 20th, representing about 5.98% of its circulating supply, worth approximately $49.1 million.
February 16
Policy and regulation:
The asset disposal in the Qian Zhimin money laundering case, in which 8,300 Chinese victims have filed for compensation of 60,000 bitcoins, has reached a stalemate. Multiple law firms are representing the victims, each acting independently. British judges believe that there are problems such as repeated submissions, repeated arguments, and prolonged procedures, while legal fees have also increased, which will ultimately have to be paid by the Chinese victims.
It is reported that on the eve of the Lunar New Year and the first day of the Lunar New Year (February 16th and 17th, 2026), the UK High Court will hold a hearing on the asset disposal procedures for the highly publicized money laundering case involving over 30 billion yuan and nearly 130,000 Chinese victims. This case involves 60,000 Bitcoins. Furthermore, the price of Bitcoin has fluctuated significantly; the market value of the 60,000 Bitcoins has shrunk from a peak of approximately 54 billion yuan on October 6th, 2025, to approximately 31 billion yuan in early February 2026.
Project Updates:
The Flying Tulip will go on public sale on February 16th, and the TGE event will be held on February 23rd.
Flying Tulip, an on-chain financial system founded by Andre Cronje, announced that its FT tokens will be publicly offered on February 16th, followed by a TGE (Trusted Token Offering) on February 23rd. Previously, Flying Tulip had already completed a token sale on CoinList, with commitments approaching $10 million.
Eurozone finance ministers are scheduled to discuss the issuance of a euro stablecoin and joint debt on February 16.
Eurozone finance ministers will discuss on February 16 how to enhance the global status of the euro and strengthen European economic security by issuing euro-denominated digital assets (such as stablecoins, tokenized deposits, and central bank digital currencies, CBDCs) and increasing EU joint debt. The European Commission stated in a document that the EU needs to take action to strengthen its financial security in the face of the increasing "weaponization" of the international monetary and financial system. Currently, euro-denominated instruments account for less than 1% of the rapidly growing stablecoin market, which is dominated by dollar assets, increasing the risk of European capital flows to the United States. Furthermore, the proposal suggests deepening the euro debt market by increasing the issuance of EU joint debt and establishing a European autonomous payments system independent of Visa and Mastercard. The document also mentions that the finance ministers will consider transforming the €500 billion European Stability Mechanism (ESM) into an official EU institution, enabling it to function similarly to the European Debt Management Authority.
Belgian bank KBC will launch cryptocurrency trading services in the week of February 16.
Belgian bank KBC announced that starting the week of February 16th, it will offer cryptocurrency trading services to private investors through its online investment platform, Bolero. Initially, the service will support Bitcoin and Ethereum trading. This cryptocurrency service will operate within the European MiCAR regulatory framework, and KBC has submitted a Crypto Asset Service Provider (CASP) notification to the regulator. Bolero will employ a closed-loop model, allowing clients to trade only within the platform, without supporting fund transfers to other platforms, and KBC will provide custody services.
Token unlocking:
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9 PM Beijing time on February 16th, representing about 1.82% of its released supply, worth approximately $11.2 million.
February 17
Project Updates:
Figure will issue blockchain-based shares, with pricing planned for February 17.
Fintech company Figure Technology Solutions Inc. has begun officially marketing 4.23 million shares of its blockchain-native stock to investors. According to sources familiar with the matter, the company plans to determine the price after the New York market closes on February 17. These shares, offered by a group of undisclosed shareholders, will be traded on Figure's own blockchain-based alternative trading system, rather than the traditional Nasdaq market. The company also plans to repurchase up to $30 million worth of shares after the offering concludes.
Nomina (NOM) plans to migrate its activities to Ethereum around February 17th.
On-chain trading terminal Nomina (NOM) announced that it will simplify its infrastructure and fully integrate with Ethereum. As part of this integration, all NOM staked or held on Omni Core will be automatically migrated to Ethereum as an ERC-20 token. This migration is scheduled to take place around February 17, 2026 (final date to be determined). Until then, Omni Core will remain fully operational, and users can continue to manage their positions, withdraw, or transfer assets across chains as usual.
21shares will distribute staking rewards to Solana ETF holders on February 17.
Crypto ETF issuer 21shares announced that it will distribute SOL staking rewards to holders of the 21shares Solana ETF (TSOL). TSOL shareholders will receive $0.316871 per share, payout date February 17, 2026.
Jupiter's new proposal aims to achieve "net zero emissions" by indefinitely suspending the release of team tokens; voting begins on February 17th.
Jupiter has announced a significant proposal aimed at achieving a net release of zero tokens in the future. The final decision on this proposal will be made by the DAO, with community discussions scheduled for February 16th and voting beginning on February 17th.
The proposal includes four measures: First, the Jupiter airdrop will be postponed indefinitely, with all 700 million JUP returned to the community's multisignature cold wallet for future use. Current usage and staking snapshots will be retained. This matter will be renegotiated with the DAO when market conditions, token status, and market sentiment are more favorable. Second, the release of tokens to team members will be suspended indefinitely. Instead, team members will receive JUP in the form of Jupiter balance sheet claims; if members wish to sell their allocated tokens, Jupiter's balance sheet will directly purchase them. Third, to fully hedge against selling pressure from Mercurial stakeholders, the unlocking process will be accelerated, and an equivalent amount of tokens will be purchased through Jupiter's own balance sheet to absorb the impact of potential token sales.
CoinShares has submitted a revised draft of its F-4 registration statement to the U.S. Securities and Exchange Commission (SEC), with a hearing scheduled for February 17.
Digital asset management firm CoinShares and special purpose acquisition company Vine Hill (VCIC) announced that they filed a revised draft registration statement on Form F-4 with the U.S. Securities and Exchange Commission (SEC) on February 2, 2026. This filing follows a confidential initial draft registration statement filed on November 21, 2025, and represents ongoing progress in the regulatory review process. The merger is currently proceeding as planned, subject to customary closing conditions, including approval from the respective shareholders of CoinShares and Vine Hill, necessary legislation from the Jersey Royal Court, the enactment of Form F-4, and approval from local regulatory authorities. A hearing is scheduled for February 17, 2026.
Token unlocking:
YZY (YZY) will unlock approximately 62.5 million tokens at 11:00 AM Beijing time on February 17th, representing approximately 17.24% of its circulating supply, with a value of approximately US$20.6 million;
February 18
Project Updates:
World Liberty Financial, the Trump family's crypto project, will host its inaugural "World Liberty Forum" on February 18, 2026, at Mar-a-Lago, focusing on the future development of finance, technology, and policy. Attendees will include Goldman Sachs Chairman and CEO David Solomon, Franklin Templeton CEO Jenny Johnson, CFTC Chairman Michael Selig, FIFA President Gianni Infantino, and WLFI co-founders Eric Trump and Donald Trump Jr., among others. Forum topics will cover the evolution of financial markets, digital assets, artificial intelligence, geopolitical risks, and public-private partnerships, and are expected to accommodate approximately 300 participants from the business, investment, and policy sectors.
DeFi derivatives protocol Polynomial will cease operations and will undergo forced liquidation on February 18.
DeFi derivatives protocol Polynomial tweeted that it ceased operations and entered the final stages of its rollout on February 14th (Beijing time). Both Polynomial Chain and Polynomial Trade will be shut down, with forced liquidation scheduled for February 18th, the liquidity layer closed on February 24th, and the chain ceasing operation on March 3rd. Polynomial stated that technology is not the moat of the derivatives market; liquidity is, and Polynomial happens to lack liquidity, with its peak TVL (TVL) only reaching $8 million. The team stated that the new company will still be related to derivatives.
Pump.fun has launched its investment arm, Pump Fund, with applications closing on February 18th.
Pump.fun announced on Twitter the launch of its investment arm, Pump Fund. This fund will foster the growth of startups within its ecosystem through long-term partnerships with projects. Furthermore, Pump Fund will launch a $3 million public infrastructure hackathon, providing $250,000 in funding to 12 projects (each valued at $10 million), along with mentorship from Pump.fun's founders and other opportunities. The application deadline is February 18, 2026.
February 19
Macroeconomics:
The Federal Reserve released the minutes of its monetary policy meeting and the Philadelphia Fed Manufacturing Index for February.
Exchange:
Upbit has delisted Groestlcoin's token GRS and will cease supporting withdrawals on February 19th.
Upbit has announced that Groestlcoin (GRS) will be delisted from member exchanges of the Digital Asset Exchange Association (DAXA). DAXA member exchanges may take measures to protect users, including issuing warnings, designating GRS as a traded alert asset, and terminating trading support. Upbit stated that withdrawals will remain available for 34 days from the date of termination of trading support (until February 19, 2026).
February 20
Policy and regulation:
The U.S. Supreme Court will release its opinion on tariffs on February 20.
The U.S. Supreme Court has announced that it will hold its next opinion release day on February 20, at which time it will issue a legal opinion on the legality of the tariff measures implemented by former President Trump.
Token unlocking:
LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 PM Beijing time on February 20th, representing about 5.98% of its circulating supply, worth approximately $49.1 million.
KAITO will unlock approximately 32.6 million tokens at 8 PM Beijing time on February 20th, representing about 10.64% of its released supply, worth approximately $10.6 million.
February 21
None available
February 22
Project Updates:
USD.AI will conduct a token sale on CoinList starting February 22.
CoinList has announced a USD.AI sale, open only to users who participated in the USD.AI "Allo Game" points program. Eligible users can participate directly through CoinList during the sales window from February 22nd to 27th. Participants will receive a guaranteed allocation based on their Allo Game points, and can add to their allocation beyond the guaranteed limit. If the sale is not fully subscribed, the excess will be distributed proportionally. The USD.AI token is named CHIP, with a total supply of 10 billion. This sale will offer 700 million tokens at a price of $0.03 per token, corresponding to a FDV of $300 million. It is expected to be 100% unlocked at the March TGE, with a minimum subscription amount of $100.
Token unlocking:
MBG By Multibank Group (MBG) will unlock approximately 27.15 million tokens at 8 PM Beijing time on February 22, representing about 10.96% of its released supply, worth approximately $8.3 million.
