Insight: Quantum Computing Risk Could Lead to Continued Bitcoin Undervaluation
On February 20th, Charles Edwards—founder of Capriole, a Bitcoin and digital asset quantitative fund—said in a post:
"Given the statistical likelihood of 'Q-Day' (Quantum Day) arriving, rational investors may have already discounted Bitcoin’s fair value by roughly 20%. If Bitcoin fails to make meaningful progress on quantum resistance, this discount rate will double annually."
"If relevant upgrades remain stagnant for more than a year, Bitcoin’s valuation could be marked down to half its current level. The Bitcoin Core development team is urged to address this issue—action must be taken by 2026 to counter the potential threat of quantum computing."
25 minutes ago
Polymarket, Hyperliquid, and Others Make the 2026 Forbes Fintech 50
On February 20, 2026, Forbes unveiled its 11th annual Fintech 50 list, forecasting that crypto market platforms Polymarket (which has raised $2.3 billion), Securitize ($425 million), Phantom ($2.68 billion), Ledn ($1.07 billion), and Hyperliquid (no funding raised) will rank among the top five cryptocurrency companies.
While crypto industry valuations are viewed as more conservative than those of AI startups, the sector still boasts innovation and strong growth potential. Per CB Insights data, total fintech private funding hit $53 billion in 2025—down from $152 billion in 2021 but marking the first year of growth in four years.
25 minutes ago
Binance Alpha Launches Second Round of TRUTH Airdrop with a Threshold of 251 Alpha Points
On February 20, Binance Alpha kicked off the second round of its Swarm Network (TRUTH) airdrop. Users with at least 251 Binance Alpha Points can claim 3,333 TRUTH tokens on a first-come, first-served basis. If rewards aren’t fully distributed, the points threshold will automatically drop by 5 points every 5 minutes.
Claiming this airdrop costs 15 Binance Alpha Points. Users must confirm their claim on the Alpha event page within 24 hours—otherwise, they’ll forfeit the airdrop.
25 minutes ago
Analysis: Ethereum Whale in Overall Unrealized Loss, Potentially Forming Mid-Term Bottom
On February 20th, CryptoQuant analyst Darkfost noted that Ethereum whales are facing pressure, with the ongoing ETH pullback impacting all investors. Right now, the unrealized profit/loss (P/L) for these whales has flipped negative:
- Holders of 1,000–10,000 ETH: -0.21%
- Holders of 10,000–100,000 ETH: -0.18%
- Holders of 100,000+ ETH: -0.08%
Should ETH extend its decline, these whales could face mounting pressure—and may even be forced to capitulate by offloading large positions. That said, ETH is still holding steady in a critical range; historically, similar pressure periods have often coincided with the formation of mid-term bottoms.
25 minutes ago
Tennessee Judge Approves Preliminary Injunction Blocking State From Taking Enforcement Action Against Kalshi
On February 20th, The Block reported that prediction market platform Kalshi has secured a preliminary injunction in Tennessee, barring state officials from enforcing its sports-related event contracts under the state’s gambling laws.
In a Thursday ruling, U.S. District Court Judge Aleta A. Trauger sided with Kalshi on key issues, finding the company is likely to prevail in its lawsuit by arguing its sports event contracts qualify as “futures” under the Commodity Exchange Act.
The injunction applies to relevant state officials, prohibiting them from taking enforcement action against Kalshi under Tennessee’s sports gambling laws while the litigation is pending.
25 minutes ago