Daily News | Global AI Equipment Competition Starts, Solana Fell Below $170

Crypto Daily Digest: Strategy plans to issue another $2 billion in convertible senior notes

According to Farside Investors data, as of press time, the U.S. Bitcoin spot ETF had a net outflow of $129 million yesterday, of which BitTorrent BITB had a net outflow of $112 million and Fidelity FBTC had a net outflow of $16.4 million; the U.S. Ethereum spot ETF had a net inflow of $4.6 million, all of which came from Fidelity FETH. Data from other institutions have not been disclosed yet.

Scam Sniffer: Scammers use fake vulnerability claims to conduct phishing campaigns

On February 19, according to Scam Sniffer, there was an active phishing campaign targeting Jupiter users. False Jupiter Exchange vulnerability claims are being spread through advertisements, and scammers urge users to paste malicious code into the browser console, which will lead to wallet theft. We advise readers to remain vigilant and beware of risks.

Fed Vice Chairman of Supervision: Fed takes a neutral stance on cryptocurrencies

Michael Barr, the outgoing Federal Reserve chairman, stated at the New York Council on Foreign Relations that the Fed is trying to take a neutral stance on bank decentralization and crypto regulation. The Fed’s expectation is that they conduct business in a safe and sound manner and comply with consumer laws, anti-money laundering laws, and anti-terrorist financing laws.

Strategy plans to issue $2 billion of convertible senior notes in private placement

On February 19, according to official news, Strategy (formerly MicroStrategy) announced plans to privately issue $2 billion in convertible senior notes, which will mature on March 1, 2030 and will only be issued to qualified institutional investors. The specific issuance will depend on market conditions and other factors. The funds raised will be used for general corporate purposes, including the acquisition of Bitcoin and as working capital.

Market Trends: Altcoins fell across the board, SOL fell below $170

Market Hotspots

Affected by the decline of Meme, SOL has now fallen below the lowest price of $174.96 on February 3 and is currently quoted at $167.73. The intraday low fell to $160.86. The cumulative decline this week exceeded 10%. If Meme continues to be sluggish, SOL is expected to maintain a relatively weak trend in the near future.

According to Coinglass data, in the past 24 hours, the entire network had a liquidation of $345 million, with long orders liquidated at $279 million and short orders liquidated at $66.15 million. Bitcoin ranked first in terms of liquidation, reaching $99.53 million, followed by Ethereum and Solana, with liquidations of $50.29 million and $36.07 million respectively.

The well-established POW token LTC rose against the trend, and the LTC ETF continued to ferment; several senior ETF analysts from Bloomberg stated that the LTC ETF will become the third cryptocurrency to be approved for spot ETFs after BTC and ETH, and DOGE may also be approved this year; LTC’s current circulating market cap is $10 billion, and LTC’s market cap is approximately 3% of ETH. If the LTC ETF is approved, it will become the smallest spot ETF in the crypto market.

Mainstream Coins

Bitcoin still maintained a weak and volatile market, falling to a low of $93,388 in the early morning, and then quickly pulled back. As of press time, the price was $95,284, down 0.28% from yesterday.

Ethereum also maintained a weak and volatile market, with an upper-pressure level of $2,760 and a lower support level of $2,580. It fell to a low of $2,603 ​​in the early morning and was quoted at $2,666 as of press time, down 0.2% from yesterday.

Altcoins generally fell. As of press time, the Layer2 sector fell 6% in 24 hours, the GameFi sector fell 5.9% in 24 hours, and only the RWA sector maintained positive returns, with a 24-hour increase of 0.7%.

Macro News: Global AI equipment competition starts, Intel surged 16%

South Korea’s Acting President Choi Sang-mok stated on February 17 that the supply of 18,000 high-performance GPUs will be expanded by the first half of next year. At the end of last month, India also announced that it would provide more than 18,000 GPUs to build AI computing facilities to help local startups and development researchers. Experts stated that the current AI competition requires countries to achieve independent control and diversified supply of hardware, while also improving the level of coordination between hardware and software.

The three major U.S. stock indexes all turned down in the short term, but a large wave of buying appeared in the late trading, and they finally closed up. The S&P 500 index broke through the 6,100 mark, setting a new high during the session. Most chip stocks rose, with Intel closing up 16.06%. It has risen by about 40% in the past two weeks, the largest two-week increase in history. Reports stated that Intel may be split up, and TSMC and Broadcom are considering taking over.