Current mainstream CEX, DEX funding rate displays a weakening bearish 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

February 22, the open-source AI agent framework OpenClaw gained attention recently following a token-related incident. During its rebranding process, the project’s account was hijacked, letting scammers launch a fake Solana-based token named CLAWD. At one point, the token’s market cap surged to $16 million—only to plummet over 90% after the founder disavowed any connection to it. Founded by developer Peter Steinberger, OpenClaw was initially called “Clawdbot.” But it got a trademark warning for being too similar to Anthropic’s model name “Claude.” It was briefly rebranded to “Moltbot” before settling on OpenClaw. While transitioning from old GitHub and X accounts to new ones (before the handover finished), scammers seized the accounts and rolled out the CLAWD token, sparking speculative trading. Steinberger later said publicly he’d never issue a token, stressing any project selling coins under his name is a scam. After the incident, the official OpenClaw Discord server banned all

On February 22, data shows that as Bitcoin dropped to $60,000, Google searches for "Bitcoin to zero" hit a record high in the U.S. This metric has previously spiked near local Bitcoin bottoms in 2021 and 2022.

February 22 — According to the Ukrainian state news agency, U.S. Special Envoy Kurt Volker told Fox News in an interview that Ukrainian and Russian delegations are set to hold a new round of negotiations within three weeks, with the potential to lead to a high-level summit. Volker said: “Both Jared Kushner and I hope the proposals we’ve put forward to both sides will get them together in the next three weeks — possibly even leading to a summit between President Zelensky and President Putin. That summit could eventually become a trilateral meeting with President Trump joining.” He added that Trump would only attend if he believed he could secure the best possible outcome. Earlier, Zelensky had stated the next round of peace talks should take place in Geneva within ten days.

February 22—Investors are bracing for potential news-driven market volatility this week as uncertainties mount: Donald Trump’s tariff policy could spark fresh chaos, a U.S.-Iran conflict looms, and NVIDIA—now the world’s largest company by market capitalization—will release its earnings report next Wednesday. Below are key market-focused events (all times in Beijing Time): - Monday 21:00: Federal Reserve Governor Waller speaks - Tuesday 21:00: Chicago Fed President Guersy (2027 FOMC voting member) speaks - Tuesday 22:00: Boston Fed President Collins delivers opening remarks at an event; Atlanta Fed President Bostick (2027 FOMC voting member) speaks - Tuesday 22:10: Federal Reserve Governor Waller speaks - Tuesday 22:35: Federal Reserve Governor Lisa Cook speaks on AI - Wednesday 4:15: Richmond Fed President Barkin and Boston Fed President Collins participate in a panel discussion - Thursday 2:20: St. Louis Fed President Mester (2028 FOMC voting member) speaks on the F

Feb 22 — Alternative data shows today’s Crypto Fear & Greed Index sits at 9 (up from 8 yesterday), meaning the market is still in “extreme fear” territory. Note: The index ranges from 0 to 100, calculated using these indicators: - Volatility (25%) - Market trading volume (25%) - Social media hype (15%) - Market surveys (15%) - Bitcoin’s market dominance (10%) - Google Trends analysis (10%)