Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

Deribit Data: Crypto Options Expiry & Settlement Tomorrow at 16:00 UTC (Feb 27) - BTC options: $7.9B notional, 0.76 put/call ratio, max pain at $75k - ETH options: $9.67B notional, 0.77 put/call ratio, max pain at $2.2k Note: The "tomorrow" referenced aligns with Feb 26 (original date) → Feb 27 UTC.

On February 26th, data from GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_38PgzpJYu2HkiYvV8qePFakB8tuobPdGm2FFEn7Dpump) shows the Solana-based meme coin **gork** saw a short-term surge early this morning, driven by Elon Musk’s tweet: “Gork returns today.” At one point, its market cap skyrocketed from under $1 million to $14 million before plummeting back—currently sitting at $6 million. The token is up 520% in 24 hours, with a trading volume of $20.9 million over the same period, and has been live on-chain for roughly 301 days. The meme coin traces back to an X account mimicking xAI’s Grok, named “gork” (X: @gork), which now has 349,000 followers. Back in May 2025, the token’s market cap spiked to over $130 million after Musk temporarily changed his X handle to “Gorklon Rust” and used a Gork-themed avatar. Notably, this “gork” X account has not posted any tweets since November 18 last year. BlockBeats warns users that meme coin trading is extremely volatile, ofte

February 26th — Indiana’s House Bill 1042 (HB 1042) has cleared both chambers of the state legislature and is now awaiting Governor Mike Braun’s signature. The bill, which would allow major public retirement and savings plans to offer cryptocurrency investment options and protect individuals’ access to digital assets, advanced after the Indiana House approved Senate amendments on Wednesday. If signed into law, its provisions will take effect July 1, 2026, per The Block.

February 26th – Goldman Sachs economist Akira Otani noted in a research report that Japan’s government nominations of Uemura Ryuzaburo and Satoh Ayanosuke to the Bank of Japan (BOJ) Policy Board have reduced the likelihood of an early interest rate hike in April or June. The two nominees have not publicly commented on current economic policies, but both have advocated for aggressive fiscal expansion and loose monetary policy in recent years. Based on their past remarks, they are likely to take a relatively cautious stance on further rate hikes. Goldman Sachs maintains its baseline forecast that the BOJ’s next rate hike will occur in July.

February 26 — Bitcoin surged to nearly $70,000 early this morning, CoinDesk reported, and has since pulled back to around $68,300. Altcoins are outperforming Bitcoin across the board: Ethereum (ETH) is up 8.5%, Solana (SOL) 6.9%, and Cardano (ADA) 10.8%. This divergence typically signals a return of risk appetite to the market, as traders—believing the worst of the recent sell-off is over—are chasing higher-risk, higher-beta asset opportunities. ZeroStack CEO Daniel Reis-Faria noted: “The forced selling wave is fading. Altcoins are outperforming Bitcoin again, and more tokens are leading Bitcoin’s gains. The market is showing rotation.” Meanwhile, the crypto market’s macro backdrop remains fragile. Market maker Wintermute pointed out that as funds flow into defensive, tangible assets, cryptocurrencies are under pressure in sync with tech stocks, steadily losing upward momentum.

Feb 26 — Per Coinbob Popular Address Monitor (link: https://t.me/Coinbob_track_CN), the whale with an address starting with 0x939 currently holds ~$24.8M in BTC long positions, with a floating loss of ~$1.01M. It also holds ~$26.4M in short positions across 8 altcoins (ETH, XRP, ADA, etc.), all of which are now in floating loss today. This position structure likely reflects a hedging strategy: roughly equal long/short exposure, betting altcoins (with higher Beta than BTC) will hold up better in a market downturn. The strategy delivered steady gains during prior selloffs. However, today’s market rebound saw BTC rise ~4.4% — while most altcoins rallied far stronger (ETH +8.3%, XRP +5.9%, ADA +10.7%). This put the whale’s dual long/short positions under simultaneous pressure, expanding overall losses; its capital has shrunk by over $600k today. Since altcoins are rebounding faster than Bitcoin, the hedging strategy is incurring asymmetric losses. If the market continues to heat u