Weekly Preview | Flying Tulip will hold its TGE on February 23; Nvidia will release its earnings report.

Breaking News Preview:

• Flying Tulip will be holding a TGE on February 23rd;
• Alchemy Pay plans to launch the Alchemy Chain testnet, an L1 public blockchain, on February 23.
• US President Trump will deliver his State of the Union address on February 24; on the same day, the US will impose a temporary tariff of 10% on some imported goods.
• Nvidia will release its earnings report after the market closes on February 25.
• Jupiter (JUP) will unlock approximately 253 million tokens at 10 PM Beijing time on February 28th, representing about 7.94% of its circulating supply, worth approximately $39.3 million.
• Sui (SUI) will unlock approximately 43.35 million tokens at 8:00 AM Beijing time on March 1st, representing about 1.13% of its circulating supply, worth approximately $40.46 million.

February 23

Special attention:

Trump is considering a “limited military strike” against Iran; Iran’s foreign minister says a draft agreement with the US will be finalized by the 23rd.

On February 20, local time, Trump stated that he was considering a "preliminary limited military strike" against Iran to force Iran to accept US demands regarding the nuclear agreement. Iran's foreign minister stated that there is no military solution to Iran's peaceful nuclear program, and the only solution is diplomacy. He added that a draft agreement with the US would be finalized within three days (by February 23).

Project Updates:

Flying Tulip will be performing at TGE on February 23.

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.

Alchemy Pay plans to launch the Alchemy Chain testnet, its L1 public blockchain, on February 23.

Crypto payment provider Alchemy Pay announced plans to launch the Alchemy Chain testnet, an L1 public blockchain, on February 23. The blockchain will be built on the Solana virtual machine architecture and will provide a payment system that allows users to transact using fiat currency and cryptocurrency for large-scale commercial applications.

HyperLiquid plans to hold a validator vote on February 23 for the removal of OM.

HyperLiquid announced on its X platform that validators will vote around 8:00 AM UTC on February 23 (4:00 PM Beijing time) to decide whether to delist OM. If the validators vote to delist OM, traders should settle their positions to the 1-hour time-weighted spot oracle price before delisting and cancel all open orders. Therefore, it is necessary to close positions in advance to avoid automatic settlement. After settlement, no new orders will be accepted.

NFT trading platform Nifty Gateway has announced its closure and advised users to withdraw their assets before February 23.

NFT trading platform Nifty Gateway has announced its closure and advised users to withdraw their assets before February 23. Nifty Gateway was one of the early NFT trading and management platforms and was acquired by cryptocurrency exchange Gemini in 2019.

February 24

Policy and regulation:

The White House announced that it will impose a temporary tariff of 10% on some imported goods starting February 24.

The White House announced that President Trump has signed a new proclamation imposing a 10% tariff on goods imported into the United States within 150 days, effective at 00:01 Eastern Standard Time on February 24. The White House stated that this tariff decision aims to "address fundamental international payments issues."

In addition, US President Trump will deliver his State of the Union address on February 24, outlining his policy priorities for the coming year.

The U.S. SEC has postponed its decision on whether to raise the IBIT options position limit; the new deadline is February 24.

The U.S. Securities and Exchange Commission (SEC) has given longer time to decide on a proposed rule change submitted by Nasdaq ISE. The proposal aims to increase the position and exercise limit for iShares Bitcoin Trust (IBIT) options from the current 250,000 contracts to 1,000,000 contracts. The SEC has extended the decision deadline to February 24, 2026, to allow sufficient time to consider the market impact of such a significant relaxation of restrictions.

Project Updates:

The Fabric Foundation is opening registration for the ROBO airdrop, which ends on February 24th.

The Fabric Foundation has opened registration and verification for the ROBO airdrop. Users can link their wallets, X accounts, Discord accounts, and GitHub accounts between 11:00 AM on February 20th and 11:00 AM on February 24th (Beijing time). The airdrop quantity will be announced when it opens for collection.

February 25

Key areas of focus:

Nvidia will release its earnings report after the market closes on February 25. Its performance and guidance will not only affect its own stock price, but will also directly impact investment sentiment across the entire AI industry chain.

Macroeconomic policies:

Hong Kong Financial Secretary Paul Chan: The new fiscal budget will be delivered on February 25.

Hong Kong Financial Secretary Paul Chan Mo-po released a statement in which he disclosed that Hong Kong's new fiscal year budget will be delivered on February 25. Benefiting from a robust financial market, overall revenue, including stamp duty, has increased, allowing the Hong Kong SAR government to return to a surplus in its operating accounts ahead of schedule. However, with increased investment in public works projects, the capital account will still record a deficit this year. Chan previously responded to suggestions regarding a gold-linked stablecoin, stating that stablecoins will be developed gradually, and after completing the first step, suggestions to link to gold or other assets will be considered, emphasizing the need for careful handling.

Token unlocking:

Humanity (H) will unlock approximately 105 million tokens at 8:00 AM Beijing time on February 25th, representing about 4.37% of its circulating supply, worth approximately $17.1 million.

February 26

Exchange:

Cryptocurrency exchange ProBit Global will terminate all services on February 26th, urging users to withdraw their funds as soon as possible.

Cryptocurrency exchange ProBit Global announced on December 31, 2025, that due to the rapidly changing regulatory environment and strategic business restructuring, all services on the platform will be officially terminated from 08:00 (UTC+8) on February 26, 2026. Spot trading will cease at 08:00 (UTC+8) on January 28, 2026, while standard withdrawal services will remain open until 07:59 (UTC+8) on February 26, 2026. All users are strongly urged to complete withdrawals before this deadline to avoid potential asset loss or administrative fees.

The delayed asset return period is from 08:00 (UTC+8) on March 1, 2026 to 07:59 (UTC+8) on April 1, 2026. If a user fails to withdraw their assets before the end of the standard withdrawal period, their account will be considered inactive, and any remaining assets will be subject to maintenance fees to cover infrastructure and hosting services. These fees will be charged strictly from 08:00 (UTC+8) on March 1, 2026. According to the Terms of Service, any assets not withdrawn before 07:59 (UTC+8) on April 1, 2026 will be considered abandoned and permanently lost.

A U.S. House of Representatives has called for an investigation into WLFI's application for a banking license, with a written response due by February 26.

More than 40 Democratic members of the U.S. House of Representatives sent a joint letter to Treasury Secretary Scott Bessent on February 19, requesting an investigation into the application for a federal banking license by World Liberty Financial (WLFI), a cryptocurrency company owned by the Trump family, alleging potential conflicts of interest and national security concerns. World Liberty Financial is currently applying for a national banking license from the Office of the Comptroller of the Currency (OCC). The Democratic lawmakers are demanding a halt to the review process and clarifying whether the White House and Treasury Department have interfered in the licensing approval process, requiring a written response by February 26.

February 27

Macroeconomics:

US releases January PPI data

Exchange:

FTX users and the law firm Fenwick & West reached a settlement agreement regarding their roles in the FTX case, and a formal settlement agreement was submitted on February 27.

FTX users have reached a settlement agreement with the U.S. law firm Fenwick & West regarding their roles in the FTX case. The two parties plan to file a formal settlement agreement on February 27 and seek approval from the Florida federal court. Specific settlement terms have not yet been disclosed. The lawsuit, initially filed in 2023, accused Fenwick & West of providing "critical assistance" in designing FTX's fraudulent structure.

Project Updates:

IREN will be included in the MSCI US Index on February 27.

Data center operator and Bitcoin mining company IREN will be included in the MSCI U.S. Index after trading closes on February 27.

February 28

Token unlocking:

Jupiter (JUP) will unlock approximately 253 million tokens at 10 PM Beijing time on February 28th, representing about 7.94% of its circulating supply, worth approximately $39.3 million.

Grass (GRASS) will unlock approximately 55 million tokens at 9:30 PM Beijing time on February 28th, representing about 13.15% of its circulating supply, worth approximately $10.1 million.

March 1

Token unlocking:

Sui (SUI) will unlock approximately 43.35 million tokens at 8:00 AM Beijing time on March 1st, representing about 1.13% of its circulating supply, worth approximately $40.46 million.

EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 PM Beijing time on March 1st, representing about 8.15% of its circulating supply, worth approximately $6.8 million.