Trump's son removes retweet of earlier WLFI post, WLFI briefly drops over 8%, USD1 briefly breaks the peg to 0.98
On February 23, monitoring data shows Eric Trump—former President Trump’s second son and co-founder of World Liberty Financial (WLFI)—has deleted his retweet of WLFI’s official tweet stating, “More USD1 trading pairs will be listed on Binance.”
Potentially impacted by the move, WLFI saw a short-term decline of more than 8%; it’s currently trading at $0.111. The USD1 stablecoin temporarily unpegged, falling to $0.9802 USDT, and now trades at $0.9966 USDT.
Notably, Eric Trump’s personal X profile still links to WLFI’s official account, and he has not deleted most of his prior personal tweets related to the firm.
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Bitmine increased its ETH holdings by 51,162 coins last week, and Tom Lee stated that he remains bullish on Ethereum's fundamentals
February 23 — Bitmine announced today that its combined holdings of cryptocurrency, cash, and high-risk, high-return investment projects are now valued at $9.6 billion. As of 6:00 p.m. EST on February 22, 2026, the company’s crypto and related holdings include:
- 4,422,659 ETH
- 193 BTC
- $200 million in Beast Industries equity
- $17 million in Eightco Holdings equity
- $691 million in cash
Bitmine CEO Thomas “Tom” Lee noted that amid this “mini crypto winter,” the company remains focused on methodically executing its financial strategy, steadily growing its ETH holdings, and optimizing position returns. Even with the crypto price downturn, Ethereum’s three core fundamentals are continuing to strengthen:
- Wall Street’s tokenization strategy
- AI and AI agents leveraging smart blockchains for execution and payment collection
- The growing creator economy and its demand for blockchain validation
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A new address deposited 1.5 million U to open a 25x ETH long position on Hyperliquid.
Feb 23 — Per LookOnChain data, a new address deposited 1.5M USDC into Hyperliquid 5 hours ago. It subsequently opened a 25x leveraged long position on 15,103 ETH (valued at $29M), with a liquidation price of $1,819.60.
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Web3 Transaction and Payment App Based Completes $11.5M Series A Funding Round, Led by Pantera Capital
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
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CoinShares: Digital Asset Investment Products Saw Outflows of $288 Million Last Week, Marking the Fifth Consecutive Week of Net Outflows
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.
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