Meme Coin Punch Surges Over 200% in One Day, Top Wallet Shows Over 90x Unrealized Gain

**Hong Kong SFC Warns Public of "HOMEO Trend" Token as Suspicious Investment** On February 20, the Hong Kong Securities and Futures Commission (SFC) issued a warning to the public about the "HOMEO Trend" token—a digital asset-related investment product now added to its list of suspicious offerings. Operated and promoted by Excellent Trend Therapy (Hong Kong), the token is suspected of being offered to Hong Kong investors. Information about the product has been distributed via local seminars, with claims it will deliver investment returns. The SFC stressed the product has not been authorized for public offering in Hong Kong. Non-authorized products and their disclosure documents are not reviewed by the Commission. Investors are urged to exercise extreme caution, as such investments may lead to significant or total losses.

On February 20, Coinglass data showed Bitcoin remained in a range-bound trend. Currently, funding rates across major centralized (CEX) and decentralized (DEX) exchanges point to a market-wide bearish sentiment, with specific rates detailed in the attached image. **BlockBeats Note**: Funding rates are fees set by crypto exchanges to keep contract prices aligned with their underlying assets—typically applied to perpetual contracts. This mechanism facilitates fund transfers between long and short traders; exchanges do not collect these fees. Its goal is to adjust the costs or profits of traders holding positions, ensuring contract prices stay close to the underlying asset’s price. **Funding Rate Benchmarks**: - 0.01% = baseline rate - Above 0.01% = generally bullish market - Below 0.005% = generally bearish market

On February 20, Farside monitoring data shows that the U.S. Ethereum spot ETF recorded a net outflow of $130.1 million yesterday, while the Solana ETF had a net inflow of $6 million.

**Breaking: US December Core PCE Price Index (YoY) to Release at 9:30 PM ET on Feb 20** Previous reading: 2.8% | Consensus forecast: 2.9% The Core PCE Price Index—tracking inflation in U.S. consumer spending—is a top policy gauge. Introduced by the Commerce Department’s Bureau of Economic Analysis (BEA), it was adopted by the Federal Reserve’s Federal Open Market Committee (FOMC) as a key inflation metric in 2002. PCE stands for Personal Consumption Expenditures.

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.)