Wu Says Daily Selected Crypto News + This Week's Macro Indicators

WuSaidBlockchainW · 2026-02-23T13:53:05+00:00

The total value of large token unlocks this week exceeded $317 million. Market observers noted that Bitdeer, the mining company, is clearing its BTC reserves, leading to a drop in BTC prices and triggering long liquidations. Vitalik recommends enhancing Ethereum security. Gemini is laying off staff and withdrawing from the international market. The U.S. will implement a 15% global tariff, and the market is focusing on macroeconomic indicators and NVIDIA's earnings report.

WuSaidBlockchainW

2026-02-23 13:53:05

Abstract generation in progress

Major Token Unlocks This Week

In the next 7 days, there will be large single unlocks (unlock amount greater than $5 million) for tokens such as SUI, JUP, H, GRASS, XPL, EIGEN, KMNO, SVL; and linear large unlocks (daily unlock amount greater than $1 million) for RAIN, CC, TRUMP, WLD, RIVER, DOGE, ASTER, totaling over $317 million in unlock value.

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Bitdeer Weekly Report: No BTC Holdings, 189.8 BTC Mined This Week and Fully Sold

Bitcoin mining company Bitdeer released its weekly BTC update: as of February 20, 2026, the company’s own BTC holdings are zero (excluding customer deposits); this week, 189.8 BTC were mined and fully sold; net BTC change is -943.1 BTC. Founder Wu Jihan responded that holding zero BTC now does not mean it will always be the case. Bitdeer tweeted that the decision to sell Bitcoin should not worry the market; they are currently evaluating multiple non-binding land acquisition opportunities for electricity, believing that preparing liquidity in advance is more prudent. The company emphasizes that hash rate will continue to grow and will keep mining more Bitcoin for shareholders’ benefit.

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QCP: BTC Falls Below $65,000 Triggering $230 Million Liquidation, Tariff Increase Intensifies Macro Pressure

QCP Capital analysis indicates that, influenced by Trump’s increase of global tariffs from 10% to 15%, macro risk sentiment weakened, and BTC dropped below $65,000 in Asian morning trading, triggering approximately $230 million in long liquidations. Current prices remain significantly below the average mining cost of about $84,000, increasing liquidity pressure on miners. Bitdeer has cleared its BTC reserves, and some miners are shifting to AI businesses. However, market selling pressure is more restrained than at the start of the year, options skewness has not widened significantly, ETF capital flows resemble basis trade unwinds rather than full withdrawal, indicating positions are being adjusted rather than eliminated.

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Vitalik Suggests Introducing “Trade Simulation” Mechanism to Improve Ethereum Security and User Experience

Vitalik Buterin proposes adopting features like “trade simulation” to enhance the security and user experience of Ethereum wallets and smart contracts. The core idea includes: users specify on-chain intent first, then review the trade simulation outcomes before clicking “OK” or “Cancel”; this can be combined with spending limits and multi-signature approvals to ensure consistency among intent, expected results, and risk limits; the goal is to make low-risk operations easier and high-risk operations more difficult; user-defined intents are extremely complex, and there is no perfect security solution. A good approach involves users specifying intents through multiple overlapping methods, with the system executing only when there is consensus; security and user experience both revolve around user intent, applicable to wallets, smart contracts, operating systems, and hardware.

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Bloomberg: Gemini Announces Up to 25% Layoffs and Exit from UK, EU, and Australia This Month

Cryptocurrency exchange Gemini announced up to 25% layoffs this month and exit from the UK, EU, and Australia. Recently, it also cut some US staff, with COO, CFO, and CLO departures related to cost control. Data shows Gemini’s global spot trading share dropped to 0.1% in January, down from 0.6% in June last year; last year, expenses increased by about 70%, net revenue only grew 17%, and the international markets it is exiting contributed about 15% of revenue in the first nine months of 2025. The company is shifting focus to prediction market services, obtaining a CFTC license in December last year to launch the platform, which has a current trading volume of only about $24 million.

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Wu’s Weekly Macro Indicators and Analysis: US 15% Global Tariff Takes Effect, Nvidia Earnings

Summary

Last week, US December PCE exceeded expectations, and Federal Reserve meeting minutes showed clear disagreements; this week, focus on the implementation of the 15% global tariff, Trump’s State of the Union address, and Nvidia earnings.

Last Week’s Review

US December core PCE price index rose 3% year-over-year, versus 2.9% expected, previous 2.8%.

US initial jobless claims for the week ending February 14 were 206,000, the lowest since the week of January 10, expected 225,000, revised from 227,000 to 229,000.

US GDP for Q4 2025 grew at an annualized rate of 1.4%, significantly below the Dow Jones forecast of 2.5%; full-year growth is 2.2%, below 2024’s 2.8%.

Federal Reserve minutes show significant divergence among officials’ monetary policy expectations.

Key Events & Indicators This Week

February 23

Iran confirms draft agreement with the US for negotiations

February 24

Implementation of 15% global tariff in the US

US President Trump delivers State of the Union address

February 26

Nvidia earnings report (05:00)

US initial jobless claims for the week ending February 21 (21:30)

February 27

US January PPI year-over-year (21:30)

SUI-1,51%

JUP0,01%

GRASS0,11%

XPL3,51%

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