Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

On February 23rd, Based—a Web3 transaction and payment app built on Hyperliquid’s infrastructure—closed an $11.5 million Series A funding round led by Pantera Capital, with participation from Coinbase Ventures, Wintermute Ventures, and Karatage. Based co-founder and CEO Edison Lim noted the round kicked off in Q4 2025 and wrapped up last week, using a mix of equity and token-based warrants. Valuation details remain undisclosed, and Pantera has secured a board observer seat. This marks Based’s latest funding round, coming after the team (then operating under the Suberra brand, focused on crypto payments) announced two funding rounds totaling $2.7 million in 2022. Built on Hyperliquid’s blockchain and transaction infrastructure, Based positions itself as a consumer-focused Web3 “super app” that unifies transactions, wallet functionality, fiat on/off ramps, and a crypto Visa card into one interface. It also combines perpetual contract trading, prediction markets, and crypto payme

As of Feb. 23, market sources report that Strategy boosted its Bitcoin holdings by 592 BTC last week, spending $39.8 million at an average entry price of $67,286 per BTC.

CoinShares said in its latest weekly report released Feb. 23 that digital asset investment products saw outflows of $288 million last week, marking five straight weeks of net outflows totaling $4 billion. Trading volume dropped to $17 billion, the lowest level since July 2025. Regional divergence remained notable: The U.S. market posted outflows of $347 million, while Europe and Canada recorded net inflows of $59 million. Bitcoin was the primary driver of outflows, with net outflows of $215 million. Short Bitcoin products saw net inflows of $5.5 million—their largest weekly inflow to date. Some altcoin products registered small net inflows.

February 23: U.S. President Donald Trump stated that, regarding tariffs, the U.S. Supreme Court has "unwittingly and without notice" granted the presidency "far greater authority" than it held prior to the ruling. He added that other tariffs "can be deployed far more forcefully and aggressively." (Source: FXStreet)

According to official sources, OKX will launch spot trading for OPN (Opinion) at 8:00 PM UTC+8 on February 23, 2026. Opinion Labs is a decentralized blockchain platform that seeks to create a "multiplayer Internet" via on-chain prediction markets, opinion trading, and voting networks.

On February 23, Backpack CEO Armani Ferrante shared a message stating: Users who stake Backpack tokens for at least one year will be eligible to convert their holdings into company equity at a fixed ratio—representing a 20% ownership stake in the current business. More practical features will also roll out and be shared in the coming weeks, months, and even within the next year. As the Backpack community continues to grow, the token’s decentralization will be progressively advanced, with new equity arrangements being introduced—some centralized (like our equity conversion program), others becoming more decentralized as the product evolves. “In the long run, I hope the value the token represents will exceed what any single company can deliver; but in the short term, this is the best way we can currently show our long-term commitment to users.”