On Friday, Feb. 20, Japan-based SBI Holdings announced blockchain-based security token bonds totaling about $64.6 million for individual investors, registered and managed on distributed ledger infrastructure. The bonds will distribute rewards and interest payments in XRP through to their March 2029 maturity, with an indicative annual interest range of 1.85% to 2.45% and semiannual payments.

Tether announced on February 21, 2026 that it has stopped minting its offshore Chinese yuan-pegged stablecoin CNH₾ and will phase out redemptions over the next year. The firm cited persistently low demand for CNH₾ versus its other tokens, even as market data show USDT supply has slipped by about $1.5 billion in February to under $184 billion. During the transition, CNH₾ holders may continue to redeem under Tether's existing terms until the final cutoff date.

Grubhub will distribute $10.00 site credits, up to $5 million, to settle claims over delivery fees and menu prices in California. The alleged conduct covers January 24th, 2019 to January 12th, 2026, and customers who ordered via Grubhub or Seamless to a California address can file claims by May 12th, with a final approval hearing on April 29th.

On February 20, 2026, Santiment reported that XRP's 30-day MVRV stood at -4.1%, indicating the asset was slightly undervalued while many large-cap cryptocurrencies also appeared discounted. XRP was trading around $1.44 with volatility near prior 2024 cycle lows, and traders were watching a compression setup between $1.39 support and $1.44 resistance that could pave the way for a move toward $1.50 to $1.62. At the same time, Evernorth CEO Asheesh Birla pointed to rising RWA tokenization, RLUSD issuance above $1 billion and growing DEX activity on XRPL as signs of increasing institutional and on-chain participation.

On 21 February 2026, Bitwise Asset Management CIO Matt Hougan reaffirmed Bitcoin, Ethereum, Solana and Chainlink as the firm's core crypto assets for the current market cycle. He argues these networks form the backbone of a maturing digital asset economy, with Bitcoin and Ethereum dominating and Solana and Chainlink positioned as high-upside infrastructure plays. Bitwise's index fund allocations and planned products mirror this focus, concentrating heavily on BTC and ETH while maintaining smaller positions in SOL and LINK.

In February, the crypto market posted its fifth consecutive red monthly close as search interest for "crypto" fell toward 2022 lows. About $1.96 trillion has exited the sector and Bitcoin dominance sits at 58.29%, pointing to fragile liquidity and a recovery setup that remains unconfirmed.

Bitwise CIO Matt Hougan named Bitcoin, Ethereum, Solana, and Chainlink as the four assets to own for this cycle, stating on the When Shift Happens podcast that Bitcoin remains the clear store-of-value winner. He assigned a 10-25% probability to U.S. sovereign Bitcoin purchases that he said could propel BTC toward $500K, while noting the market trades over 40% below its October 2025 peak.

On February 20, 2026, MARA Holdings said it completed the cash purchase of a 64% controlling stake in Exaion, a French computing infrastructure firm owned by EDF, for $168 million. First announced in August 2025, the deal received final approval from French regulators, and includes an option to lift ownership to 75% by 2027 for an additional $127 million.