MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

On February 17, lending protocol ZeroLend announced it will wind down operations gradually. After three years of operation, the team cited **diminishing liquidity from early supporter chains**, the **termination of oracle service support**, the protocol’s **limited profit margins**, and **elevated risks** as reasons its current model is unsustainable. As the protocol scaled, it drew more hacker and fraud attention—combined with long-term operational losses—prompting the decision to shut down in an orderly fashion. The top priority now is ensuring **safe user asset withdrawals**: most markets already have 0% LTV (loan-to-value) set. The team strongly urges users to withdraw remaining funds from the platform as soon as possible. For assets like Manta, Zircuit, and XLayer (where on-chain liquidity has deteriorated sharply), some funds are in low-liquidity or inactive environments. The team says it will advance **affected asset reallocation** via timelock upgrades and smart contra

On February 17, per HTX market data, Bitcoin briefly dipped below $68,000 and is currently trading at $68,187, marking a 0.28% 24-hour decline.

**Crypto Market Sentiment Hits Extreme Fear; Bitcoin Signals Potential Bottom (Cointelegraph)** Feb 17 — Per Cointelegraph, crypto market sentiment has slipped into **extreme fear**, with signs pointing to a potential "lasting bottom" as selling pressure gradually eases. The Bitcoin Fear & Greed Index notes that when its 21-day moving average (MA) drops below the zero line then turns upward, it often signals a temporary bottom — and such a signal has emerged now. This typically indicates weakening selling momentum and the start of more stable market conditions. However, the outlet warns short-term price downside pressure may still persist. Still, historical trends show extreme negative sentiment often creates a relatively attractive entry point. Separately, Alternative.me’s Fear & Greed Index reads 10 (out of 100), landing in the "extreme fear" zone — a low not seen since June 2022. Hive Chairman Frank Holmes stated Bitcoin’s current price is roughly two standard deviations be

As of February 17th, Coinglass data shows Bitcoin (BTC) had a total net outflow of 3,083.80 BTC from centralized exchanges (CEXs) over the past 24 hours. Top 3 CEXs by BTC outflow: - Binance: 3,073.95 BTC - Gemini: 236.03 BTC - Coinbase Pro: 222.72 BTC Meanwhile, Gate led CEX inflows with 227.01 BTC.

Feb. 17, Bitget market data shows spot gold extended losses, falling to $4,860 per ounce with an intraday drop of 2.60%. New York spot gold plummeted 3.00% intraday, last trading at $4,886.00 per ounce; New York spot silver plunged 7.00% intraday, last at $72.51 per ounce.

February 17 – DeFi architect Andre Cronje launched the public token sale for Flying Tulip (FT), an on-chain financial system he built. Prior to the sale, the project completed a $200 million seed round and an oversubscribed presale on CoinList that raised nearly $10 million. The public offering has a $1 billion fundraising cap, and FT’s fully diluted valuation (FDV) hit $1 billion—making it one of the larger protocol launches in the 2026 market cycle. Designed as a native yield-bearing ecosystem, FT integrates spot trading, margin lending, and its own stablecoin ftUSD. The protocol will deposit 100% of funds into low-risk, high-liquidity yield strategies (e.g., Aave, Lido), only capturing the excess yield spread for operations and token buybacks. This sets it apart from traditional DeFi models that rely on inflationary incentives. The public sale’s core innovation is the “ftPUT” model: a perpetual on-chain put option mechanism. All FT tokens sold publicly come with the right t