SBI Holdings plans to issue around $65 million in onchain bonds in March, paying a fixed interest rate of 1.85% to 2.45% semiannually and maturing in early 2029, the company said. The bonds will grant $1.29 worth of XRP for every $645 held, with eligibility limited to account holders at its crypto exchange subsidiary, SBI VC Trade. Mizuho Bank will serve as bond administrator and register administrator, with issuance running via Boostry's ibet for Fin platform, which also supported Nomura's December 2025 offering. The bonds are primarily designed for retail investors, SBI added.

XRP posted a $1.93 billion weekly realized loss as of Feb. 22, the largest since November 2022, Santiment data show as cited by BlockBeats. Realized loss reflects actual losses locked in when investors sell XRP below their purchase cost, while unrealized losses remain on paper and are excluded from this metric. A sharp rise in realized losses typically signals holders exiting positions at a loss through concentrated stop-loss or panic selling, often linked to deteriorating market sentiment.

Cumulative long liquidation strength on major centralized exchanges would reach $652 million if Ethereum rises above $2,100 on Feb. 22, Coinglass data show. A move below $1,900 would trigger $506 million in cumulative long liquidation pressure.

A Jupiter vote to cut JUP net release to zero ended at 19:00 with 75% approval, Odaily Planet Daily reports. The plan halts the Jupuary airdrop indefinitely, returns 700 million JUP to the community multisig wallet, suspends team vesting, and fully hedges Mercurial unlocks with buys from Jupiter's balance sheet.

All Ethereum holder cohorts are in unrealized loss for the first time this cycle, Odaily Planet Daily reports citing Coin Bureau. The cohorts include addresses holding over 100,000 ETH, 10,000 to 100,000 ETH, and 1,000 to 10,000 ETH.

Sui Network recorded nearly 400,000 new accounts on February 20, doubling the recent daily average after a week of roughly 200,000 per day, though the figure remained below the February 10 peak of over 400,000, data from Torero Romero on X show. The Market Periodical noted cumulatively more than one million accounts joined this week, the network maintained an average of 400 TPS even as stablecoin volume declined amid a sharper USDT contraction, and overall activity showed mixed sentiment with more positives than negatives. On the institutional side, VanEck launched a regulated Sui ETN on Deutsche Börse Xetra under ticker VESU, Sui's official X page announced, while Grayscale's GSUI on NYSE Arca traded at $13.95, up 5%, and Canary's spot SUIS on Nasdaq was worth $25, also up 5%, according to The Market Periodical. SUI price traded around $0.9394 after bouncing from the $0.90–$0.91 zone, having repeatedly failed near $0.96 with earlier highs around $1.04 followed by drops below $0.90, and The Market Periodical said a 4-hour close above $0.96 could lead toward $1 or higher, while rejection may leave $0.92 and $0.90 as nearby support levels.

Crypto market fear indicators are approaching extreme levels last recorded during the FTX collapse and the initial COVID-19 market crash. The comparison suggests sentiment has deteriorated to some of the most risk-averse conditions observed in recent years.

Bitcoin approached the $60,000 level on Feb. 22 as US Google searches for "Bitcoin to zero" reached an all-time high, data cited by BlockBeats show. The search metric previously peaked near interim market bottoms in 2021 and 2022.

President Trump raised global tariffs to 15% under Section 122 of the Trade Act of 1974, effective Feb. 24, after the Supreme Court struck down his earlier framework based on IEEPA authority, analysts and legal experts say. The White House cites a 4% of GDP current account deficit in 2024 as grounds for invoking Section 122, which permits tariffs for up to 150 days to address balance-of-payments issues. Former Assistant U.S. Attorney Andrew McCarthy argues the administration conflates balance of payments with trade balance, while former Solicitor General Neal Katyal notes the DOJ previously said Section 122 had no obvious application to trade deficit concerns. Polymarket assigns a 98% probability Trump will face a lawsuit over the tariffs before April.