Circle minted 250 million USDC on the Solana network 6 hours ago

**Jupiter Vote on Zeroing Future JUP Net Issuance Passes with 75% Support** February 22 — Jupiter’s community vote on the “Reducing Future Token Net Issuance to Zero” proposal officially concluded at 7:00 PM ET today, with members approving the measure by a 75% support rate. Earlier, Jupiter rolled out a proposal to cut JUP’s net issuance to zero in the foreseeable future, targeting three current token supply sources: the Jupuary airdrop, team share unlocks, and Mercurial quota unlocks. Key details include: 1. **Jupuary Airdrop**: Indefinitely postponed. All 700 million JUP earmarked for the airdrop will be returned to the community multisig cold wallet for future use. The current usage and staking snapshot will be retained. The DAO will revisit the matter when market conditions, token metrics, and community sentiment are more favorable. 2. **Team Token Releases**: Indefinitely suspended. Instead, team members will receive JUP via Jupiter’s balance sheet receivables. If any

February 22 — Per Cointelegraph, Robinhood’s head of crypto Johann Kerbrat says platform users haven’t stopped trading amid the ongoing market downturn. Instead, they’re viewing it as a “buy the dip” opportunity, shifting their focus beyond the top two cryptos (Bitcoin and Ethereum) to a wider range of coins. Kerbrat notes investors are ramping up diversification—exploring other top assets alongside Bitcoin and Ethereum—signaling growing acceptance of the crypto asset class, including its volatility. Current CMC data shows the Altseason Index at 33 (out of 100), meaning it’s still “Bitcoin Season” and overall capital continues to favor Bitcoin. Additionally, since Robinhood launched its staking feature in December 2023, platform staking participation has surged significantly. Some users have also begun exploring DeFi applications. Meanwhile, U.S. spot Bitcoin ETFs have seen five straight weeks of outflows, totaling roughly $3.8 billion. Crypto market sentiment remains in th

Feb 22 — Per monitoring from HyperInsight (via its Telegram channel @HyperInsight), the unrealized loss on "Brother Ma Ji" Huang Licheng’s Ethereum (ETH) long positions has shrunk to $79,000, down from a prior peak of nearly $300,000. Recently added small amounts of Bitcoin (BTC) and HYPE in the same address are also in unrealized loss, with the following positions: ? 25x ETH long: 77,750 ETH, entry price $1,983.28, liquidation price $1,973.20 ? 40x BTC long: 12 BTC, entry price $68,287.70, liquidation price $68,010.00 ? 10x HYPE long: 12,888.88 HYPE, entry price $29.87, liquidation price $29.466

February 22 Coinglass data shows: Ethereum (ETH) breaking above $2,100 would trigger $652 million in cumulative short liquidations across major centralized exchanges (CEXs). Conversely, a drop below $1,900 would result in $506 million in cumulative long liquidations for the same platforms. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts being liquidated. The bars on these charts instead represent the relative importance of each liquidation cluster compared to neighboring clusters (i.e., "strength"). This means the charts illustrate how significantly a price will react at a specific level: higher "liquidation bars" indicate a more intense response due to a surge in liquidity.

On February 22nd, Santiment data shows XRP just logged its largest realized loss since November 2022—$1.93 billion in weekly realized losses—signaling a concentrated panic sell-off by holders. BlockBeats Note: A realized loss occurs when an investor sells an asset for less than their purchase price, locking in actual losses. Unrealized losses, by contrast, are paper losses that aren’t realized (since the asset hasn’t been sold) and aren’t counted in such data. On-chain data shows a sharp jump in realized losses typically signals many holders are selling at a loss—reflecting widespread stop-loss triggers or "surrender selling"—and often coincides with a notable drop in market sentiment.

February 22 — South Korean crypto exchange Bithumb’s market share remains under pressure following its “Bitcoin Mistaken Airdrop Incident.” As of last Friday, Bithumb accounted for 24.8% of trading volume across South Korea’s top five KRW-denominated exchanges—down sharply from ~30% at the start of the year. Industry data shows Upbit leads with 58.4% market share, followed by Coinone (13%), Korbit (3.5%), and Gopax (0.3%). On February 6, during a promotional event, Bithumb intended to distribute 2,000 KRW (~$1.38) worth of Bitcoin per user but mistakenly sent 2,000 BTC to some users each. The total erroneous distribution hit ~620,000 BTC—far exceeding Bithumb’s previously disclosed holdings of 42,800 BTC—raising concerns over its internal controls and accounting practices. The day after the incident, Bithumb’s market share plunged from 31.5% (Jan 5) to just over 20%. To stabilize, it launched a week-long zero-fee trading promotion for all cryptos starting Feb 9, temporarily bo