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

On February 20th, Jake Chervinsky—CEO of the Hyperliquid Policy Center, the lobbying arm of decentralized exchange platform Hyperliquid—posted on social media: “Front-end interfaces connecting to decentralized exchange protocols shouldn’t be required to conduct KYC (Know Your Customer). Financial privacy is a fundamental right.” Of course, while on-chain illicit financial activity pales in comparison to that of the traditional financial system, we can’t ignore it. But the solution shouldn’t be to slap old rules—rules that have excluded billions from the financial system—onto new technology that can do better. (Note: The original link [https://app.hyperliquid.xyz/join/NTOD] is retained for context as per the source.)

As of Feb. 20, data from Coinglass shows: - If Bitcoin breaks above $70,000, the cumulative intensity of short liquidations across major centralized exchanges (CEXs) will reach $6.06 billion. - Conversely, if Bitcoin drops below $66,000, the cumulative intensity of long liquidations across major CEXs will hit $7.71 billion. BlockBeats Note: The liquidation chart does not display the exact number of contracts up for liquidation or their precise value. Instead, the bars represent the relative significance of each liquidation cluster compared to adjacent clusters—this is defined as "intensity." Thus, the chart illustrates how strongly a specific price level will be affected if reached. A taller "liquidation bar" indicates the price, once hit, will spark a more intense reaction due to a liquidity cascade.

Feb. 20 — Bitcoin rebounded above $68,000, last trading at $68,002, per HTX market data. The cryptocurrency is up 1.8% over the past 24 hours.

February 20 — Per Farside monitoring data, the U.S. Bitcoin spot ETF posted a net outflow of $165.8 million yesterday.

February 20: Bithumb will list the AZTEC-KRW trading pair, per an official announcement.

On February 20th, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that a whale topped up its position and opened an additional 5,000 ETH long position yesterday. The whale now holds a total of 105,000 ETH in long positions across two addresses—valued at roughly $203 million—with entry prices of $2,029.38 and $2,010.39, and liquidation prices of $1,269.14 and $1,288.49 respectively.