International spot gold is gradually raising its bottom, moving away from the lower range. According to Jin10, it is stabilizing at the upper edge of the dense chip area around 50XX, indicating a potential for continued upward movement.

Michael Saylor 在 X 平台发文表示，如果 BTC 不归零，其价格将达到 100 万美元。

Binance is emerging as the dominant venue for crypto liquidity as stablecoin balances and spot trading activity increasingly concentrate on a single exchange, according to new data from CryptoQuant.CryptoQuant data shows that $47.5 billion in stablecoins is currently held on one exchange, with Binance accounting for roughly 65% of all stablecoin liquidity across centralized exchanges. The concentration comes even as broader bear market outflows continue to slow, signaling a shift in where capital is parked rather than an exit from crypto altogether.Stablecoin Liquidity Concentrates on BinanceStablecoins are a key proxy for deployable capital in crypto markets, often used as dry powder for trading, hedging, and risk management. CryptoQuant’s figures indicate that while overall exchange balances have stabilized, liquidity is increasingly clustering on Binance rather than dispersing across competitors.This dynamic suggests that traders and institutions are prioritizing venues with deeper order books, higher execution reliability, and lower slippage during volatile conditions.Binance Drives January Spot Market GrowthSpot market data reinforces the same trend. In January, Binance generated $409 billion in spot trading volume, marking a 12% month-over-month increase, according to CryptoQuant. That figure accounted for nearly half of total global centralized exchange (CEX) spot market growth during the month.By comparison, Binance’s spot volume was almost five times larger than the next-largest exchange, underscoring a widening gap in effective liquidity.The data points to real trading activity rather than promotional volume, with CryptoQuant highlighting that the growth reflects sustained user participation and capital deployment.

S&P Global Ratings is reportedly considering assigning a high-grade rating to $1.5 billion worth of Electronic Arts (EA) bonds. Bloomberg posted on X that this potential move could prevent debt investors from accessing a lucrative buyout premium. The decision by S&P could significantly impact the financial strategies of investors involved with EA bonds. The high-grade rating would indicate a lower risk of default, potentially affecting the bonds' attractiveness in the market. This development comes as investors closely monitor the credit ratings of major corporations, which can influence investment decisions and market dynamics.

Binance founder Changpeng Zhao (CZ) said on February 20 that the cryptocurrency industry has never required a bailout and will never need one, pushing back against growing political scrutiny in the United States over the idea of taxpayer support for digital asset markets.CZ’s remarks came a day after Elizabeth Warren, a senior member of the Senate Banking Committee, urged U.S. authorities to explicitly rule out any government bailout of the crypto industry.Warren Warns Against Taxpayer-Funded Crypto BailoutsIn a letter sent on February 19 to U.S. Treasury Secretary Scott Basset and Jerome Powell, Warren warned that using public funds to support crypto markets would amount to “transferring wealth from American taxpayers to cryptocurrency billionaires.”She argued that such a move would be:Politically unpopular,A misuse of taxpayer money, andPotentially beneficial to President Donald Trump and his family’s crypto-related venture, World Liberty Financial.Warren has long positioned herself as one of Washington’s most vocal critics of the crypto industry, frequently highlighting risks tied to investor protection, financial stability, and perceived regulatory gaps.CZ: Crypto Is Built Without BailoutsResponding to the broader narrative, CZ emphasized a core distinction between crypto and traditional finance: crypto markets have historically absorbed losses without public rescues.“Cryptocurrency has never needed a bailout and will never need one,” CZ said, reinforcing the view held by many in the industry that digital assets operate under a market-driven model where failures are resolved through liquidations, restructuring, or exit — not taxpayer intervention.

U.S. President Donald Trump has criticized the Democratic Party for causing a government shutdown that he claims has led to a decrease in the U.S. GDP by at least two percentage points. According to Jin10, Trump expressed his concerns over the Democrats' tactics, suggesting they are attempting similar strategies on a smaller scale. He urged against further government shutdowns and advocated for lowering interest rates, labeling Federal Reserve Chairman Jerome Powell as ineffective.

World Markets, a decentralized platform integrating spot trading, perpetual futures, and lending, has been launched on MegaETH, a high-performance Ethereum Layer 2 chain. According to NS3.AI, this development aims to overcome the infrastructure limitations of general-purpose chains in supporting institutional-style market structures, offering fast execution and tight spreads. The launch reflects a growing trend towards specialized blockchain infrastructure tailored for capital market demands, marking a new phase in decentralized finance with a focus on capital efficiency and execution quality.

Imerys has acquired an 80% stake in the British Lithium mining project located in Cornwall. Bloomberg posted on X, highlighting the strategic move as part of Imerys' efforts to expand its presence in the lithium market. This acquisition marks a significant step for the company in securing resources critical for battery production. The project in Cornwall is expected to enhance Imerys' capabilities in the growing lithium sector, aligning with global trends towards renewable energy and electric vehicles.

The latest PMI survey indicates that the recovery of UK businesses has persisted into its second month since early 2026. According to Jin10, the service sector is experiencing significant job cuts, partly due to higher taxes imposed by the Labour government. The preliminary composite PMI for February rose to 53.9 from January's 53.7, marking the highest level since April 2024. Chris Williamson, Chief Business Economist at S&P Global, stated, "The preliminary Purchasing Managers' Index data for February further suggests an encouraging start to the year for the UK economy." He added that the Bank of England policymakers might feel encouraged by the signs of economic growth. However, the relatively moderate price pressures and ongoing concerns about labor market weakness are likely to prompt calls for further interest rate cuts.

South Africa's largest banks have successfully raised $322 million in loss-absorbing debt to comply with new regulations designed to prevent taxpayer-funded bailouts. Bloomberg posted on X, highlighting the significance of this financial maneuver as part of efforts to strengthen the banking sector's resilience. The move comes in response to regulatory changes that require banks to hold additional capital to absorb losses during financial distress, thereby reducing the risk of government intervention. This development marks a proactive step by South African banks to align with international standards and safeguard the financial system against potential crises.

CLARITY法案必将在多方利益的撕扯与妥协中诞生。这不仅是加密行业走向成熟的“成年礼”，更是人类货币形态与金融结算网络演进史上的一个关键分水岭。

量子威胁还没到来之前，AI已经敲响了Crypto安全的警钟。

美国SEC主席Paul S. Atkins在2026年2月18日在ETHDenver上与SEC委员Hester M. Peirce的对话实录，阐述了2026年加密货币政策工作重点。

写给孩子的18年之约：关于底气、周期与选择。也献给每个刚成为父母的我们。

区块链基础设施和加密资本形成机制正在迅速发展，以支持人工智能代理（AI Agent）经济。

未来的链上DeFi可能就真的是为AI准备的，无论是代码审计，还是黑客，可能都得失业了。

英国打造新一代支付基础设施的蓝图，是一场深刻而系统的金融基础设施变革。它不仅关乎技术升级，更关乎治理模式的创新、公共政策的重塑以及对未来货币形态的深远布局。

2026年伊始，全球金融市场呈现出显著的波动性特征，与2000年互联网泡沫时期存在诸多相似之处。如今AI技术驱动的增长模式正面临类似考验。

金色财经推出加密货币和区块链行业早报《金色早8点》2973期，为您提供最新、最快的数字货币和区块链行业新闻。

稳定币并未脱离既有金融体系运行，其市场结构、风险外溢与制度影响在很大程度上延续并放大了现行货币与支付体系的既有格局。