February 20th, according to The Block, the prediction market platform Kalshi has obtained a preliminary injunction in Tennessee, USA, preventing state officials from enforcing its sports-related event contracts under local gambling laws.In a ruling on Thursday, U.S. District Court Judge Aleta A. Trauger sided with Kalshi on key issues, finding that the company is likely to successfully argue in the lawsuit that its sports event contracts are a "swap" product under the Commodity Exchange Act.The injunction applies to the relevant state officials and prohibits them from taking enforcement actions against Kalshi under Tennessee's sports gambling laws during the litigation.

February 20th, according to Cloverpool data, the Bitcoin mining difficulty saw a mining difficulty adjustment at block height 937,440 (today 02:54:35 Beijing time), with a 14.73% increase to 144.4 T; the current average network hashrate over the past seven days is 1.05 ZH/s.

February 20, According to official sources, Binance Alpha will conduct an airdrop today at 18:00 (UTC+8). Users with at least 251 Alpha points can receive tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the airdrop event ends. More details will be announced soon.

February 20, the Hong Kong Securities and Futures Commission warned the public to beware of a digital token-related investment product named "HOMEO Trend" token, which has been added to its list of suspicious investment products.The product is operated and promoted by Excellent Trend Therapy (Hong Kong) and is suspected to have been offered to the Hong Kong public. Through seminars held in Hong Kong, information about the token was distributed to investors, claiming to bring investment returns to investors.The Hong Kong Securities and Futures Commission reminds that this product has not been authorized by the Commission to offer to the public in Hong Kong. Non-Commission-authorized investment products and their disclosure documents have not been reviewed by the Commission. Investors should act with extreme caution as they may suffer significant or even total losses in such investments.

February 20th, according to the announcement from Huobi HTX, Huobi HTX will open HYPE deposit service on February 20th at 12:00 (GMT+8). HYPE/USDT spot trading will open on February 20th at 20:00 (GMT+8). The withdrawal service for HYPE will open on February 21st at 20:00 (GMT+8).Hyperliquid is a recent hot PerpDEX project, and its flagship native application is a fully on-chain order book perpetual contract trading platform, namely Hyperliquid DEX. Hyperliquid is a high-performance L1 built from the ground up, with the vision of creating a fully on-chain open financial system.

February 20th, according to Coinglass data, Bitcoin maintained a range-bound trend. Currently, mainstream CEX and DEX funding rates indicate a market-wide bearish sentiment, with specific funding rates shown in the attached image.BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the exchange does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.

February 20, according to Farside monitoring data, yesterday the US Ethereum spot ETF saw a net outflow of $130.1 million, while the Solana ETF saw a net inflow of $6 million.

February 20th, according to HyperInsight monitoring, "Big Brother Whale" Huang Licheng's address is currently 25x long 7800 ETH with a floating loss of $253,000, with an average position price of $1985.54. In the past day, he has also set up 425 ETH stop-loss and take-profit orders with limit prices ranging from $1966 to $2002.

February 20th, according to GMGN market data, the Solana ecosystem meme coin Punch surged more than 2 times in a single day, with a current market value of 31.07 million US dollars and a 24-hour trading volume exceeding 24.10 million US dollars.The data shows that the top one address of this coin has invested an average of 87,800 US dollars in market value, totaling 10,700 US dollars in position opening, and the current single coin profit is 1.1 million US dollars.Public information shows that Punch was inspired by a viral monkey in the Ichikawa City Zoo in Japan. Moonshot has listed the token.BlockBeats reminds users that meme coin trading is highly volatile, largely dependent on market sentiment and conceptual speculation, without actual value or use case. Investors should be aware of the risks.

February 20th: The US December Core PCE Price Index YoY will be released tonight at 21:30, with a previous value of 2.8% and an expected value of 2.9%.PCE corresponds to "Personal Consumption Expenditures" in Chinese. The Core PCE Price Index is a key indicator of measuring inflation in US consumer spending. It was first introduced by the US Department of Commerce's Bureau of Economic Analysis and was adopted by the Federal Open Market Committee (FOMC), the Federal Reserve's decision-making body, in 2002 as a key inflation gauge.

February 20th, Hyperliquid lobbying organization Hyperliquid Policy Center CEO Jake Chervinsky posted on social media, stating, "The front-end interface connecting to decentralized exchange protocols should not be required to perform KYC (Know Your Customer). Financial privacy is a fundamental right."Of course, even though the scale of on-chain illicit financial activity is negligible compared to the traditional financial system, we should not turn a blind eye to it. However, the solution should not be to simply apply old rules—rules that have excluded billions of people from the financial system—to new technology that can do better."

February 20th, according to Coinglass data, if Bitcoin breaks through $70,000, the cumulative short liquidation intensity of mainstream CEXs will reach 6.06 billion.Conversely, if Bitcoin falls below $66,000, the cumulative long liquidation intensity of mainstream CEXs will reach 7.71 billion.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, intensity.Therefore, the liquidation chart shows to what extent reaching a certain price level will be affected. A higher "liquidation bar" indicates that the price, once reached, will generate a more intense reaction due to a liquidity cascade.

February 20, according to HTX market data, Bitcoin rebounded and broke through $68,000, now trading at $68,002, a 24-hour increase of 1.8%.

February 20, according to Farside monitoring data, yesterday the US Bitcoin spot ETF saw a net outflow of $165.8 million.

February 20, according to an official announcement, Bithumb will list the AZTEC-KRW trading pair.