On-Chain Data

XLS-85 is live on XRPL Mainnet, extending native escrow beyond XRP to Trustline IOUs and Multi-Purpose Tokens (MPTs). Each escrowed asset requires a 0.2 XRP owner reserve on-ledger, increasing XRP reserves as token escrow usage grows. Token Escrow (XLS-85) is now live on the XRP Ledger

Figure Tech breached after an employee fell for a scam; ShinyHunters leaked 2.5GB of sensitive data. Step Finance lost $29M in SOL after hackers accessed treasury wallets, cause remains unclear. Social engineering and AI scams are rising, threatening both tech firms and crypto platforms a

Psy Protocol achieves 521,000 transactions per second on a real proof-of-work network, setting a new record for decentralized system throughput. Supported by Google Cloud, all transactions are verifiable on-chain, with a $100,000 bounty for validating the results. This achievement supports high-frequency micro-payments and AI collaboration, making the infrastructure more forward-looking.

February 14 News, RLUSD has been continuously expanding since its launch in December 2024. After early support from multiple platforms, its market capitalization quickly surpassed $1 billion. By 2026, key changes occurred in its liquidity structure, with a global distribution network and zero-fee incentives driving increased trading volume, while custodial deposits contributed to a simultaneous rise in reserves and trading activity. With the withdrawal function and XRPL deposit channel opening on February 12, the on-chain migration of RLUSD has significantly accelerated, and its cross-border payment and multi-network circulation capabilities are gradually taking shape. As of mid-February 2026, RLUSD's circulating supply has increased to approximately $1.52 billion. During this period, the supply was expanded through three issuance events, and some tokens were burned on the Ethereum network to curb excess supply, with the collateralization rate remaining above 103%. On-chain distribution has also become clearer: approximately 77% to 79% of the balance is held on Ethereum, mainly for liquidity and collateral purposes; XRPL holds about 22% to 23%, focusing more on fast settlement and payment routing.

February 14 News, Arbitrum (ARB) continues to face pressure in 2026, with a decline of 40% year-to-date. Looking back at 2025, its price once dropped more than 70%, and now it has again hit a historic low. After falling below $0.20, almost all holders are in a floating loss, and market confidence has clearly been affected. Despite the weak price performance, on-chain data shows subtle changes. According to DeFiLlama data, the total market value of stablecoins on the Arbitrum network increased slightly by about 2% this week, with nearly $65 million in new funds. Among them, USDC's share rose to 56.8%, becoming the main supporting force. However, the network's TVL remains at multi-month lows, indicating that overall liquidity has not yet recovered, and on-chain buffer capacity remains relatively weak.

February 14 News, Bitcoin (BTC) has fallen from a high of approximately $126,000 to around $68,000. The short-term decline has been significant, but on-chain valuation signals indicate that this round of selling may be creating conditions for medium- to long-term recovery. CryptoQuant data shows that the Bitcoin market value to realized value ratio (MVRV) has dropped to about 1.1, approaching the "undervalued zone" in history. In the past, after reaching this area multiple times, BTC has experienced a phased rebound and started a new upward cycle. It is important to note that entering the undervalued zone does not mean an immediate bottom. Historical experience suggests that prices may oscillate within this range, forming a phase of re-distribution of holdings. When selling pressure gradually diminishes and demand recovers, the market will confirm a trend reversal. If macroeconomic conditions stabilize and risk appetite improves, Bitcoin still has the opportunity to challenge the $100,000 level again.

February 14 News, as high-throughput narratives continue to heat up, Solana is attracting market attention with its astonishing on-chain activity. Data shows that its daily transaction volume has reached approximately 285 million transactions, with peak processing capacity of about 3300 TPS, three times the combined scale of the Ethereum mainnet and all its layer 2 networks. Meanwhile, the number of active addresses has risen to about 2.6 million, giving Solana a clear advantage in DeFi matching, on-chain payments, and high-frequency applications. However, differences in transaction structures are exposing potential issues. A large number of voting transactions are included in the total, while the proportion of real user activity is not high. The network success rate remains between 40% and 50%, reflecting noise caused by bot activity and congestion. High frequency does not equal high value, and there is still a gap between usage scale and monetary conversion capability.

February 14 News, since Q4 2025, XRP prices have continued to weaken, with a total decline of 50%. However, on-chain data shows that some whales have significantly increased their holdings at low prices, accumulating approximately 3 billion tokens, which has sparked widespread market attention on the "buying the dip" signal. Data indicates that XRP has fallen from a high of $2.84 in early October 2025 to around $1.41, with the largest drop exceeding 61%. As the price declined, its market capitalization shrank from $170.5 billion to about $86 billion, evaporating over $85 billion. Among the entire crypto market, only Bitcoin and Ethereum have larger market cap reductions.

Arkham report shows that Solana co-founder Anatoly Yakovenko's net worth is estimated to be between $500 million and $1.2 billion, primarily derived from holdings of SOL tokens and equity in Solana Labs. The value of his SOL holdings and equity is closely linked to fluctuations in the Solana market price.

February 14 News, Ethereum has regained the key $2000 level after experiencing continuous selling pressure, and market expectations for ETH price stabilization have significantly increased. Data shows that on that day, Ethereum spot ETF recorded a total net inflow of $10.26 million, ending two consecutive days of large redemptions. Although weekly funds are still in a net outflow state, the single-day positive turn provides a short-term sentiment relief signal. From the perspective of fund structure, Grayscale's mini ETH trust led with an inflow of $14.51 million, followed by VanEck's ETHV and Fidelity's FETH. In terms of price, ETH rose about 5.8% within 24 hours, with an intraday range between $1926 and $2067, once again testing and holding the psychological support at $2000. However, medium-term data still shows pressure: the total decline over the past 30 days is nearly 40%, with a year-to-date retracement of over 24%.

According to Santiment's analysis, market pessimism towards Meme coins has intensified, indicating that the bottom may be near. Over the past 30 days, Meme market capitalization has decreased by 34.04%, and negative sentiment on social media has significantly surpassed positive sentiment, suggesting a potential rebound, but future market movements may be more selective.

Recently, a liquidity pool on the BSC chain was attacked, with approximately 422,000 USDC being withdrawn. The attacker exploited a vulnerability in the OCA token through three transactions, ultimately profiting about $340,000. The attack also involved bribing block builders.

CryptoQuant analysis predicts that Bitcoin's final bear market bottom will be around $55,000, and indicates that the market correction may not be over yet. Historical data shows that the true bottom usually takes several months to consolidate. Standard Chartered Bank also forecasts that prices may initially fall back to $50,000 and rebound by the end of the year, reflecting macroeconomic uncertainties affecting market sentiment.

ChainCatcher reports that, according to Arkham data, at 09:42, 476.03 BTC (worth approximately $27.7 million) was transferred from an anonymous address (starting with bc1q7mtf6...) to another anonymous address (starting with bc1qpjkwy...). Subsequently, this address transferred 74.36 BTC to BitGo.

CryptoQuant analysis indicates that the Bitcoin bear market bottom is expected to be around $55,000, but it will take several months to form. Currently, the price is more than 25% above the historical bear market support zone. Despite recent significant losses, it has not approached the bottom. Key indicators show that it has not entered an extremely oversold state, and it remains in the bear market phase with no signs of bottoming out yet.

_Bhutan sold $30M in Bitcoin in February as spot BTC ETFs recorded $410.37M in net outflows, with BTC near $66,000._ Bhutan Sells More Bitcoin as $410M Exits BTC ETFs, adding pressure to the market as Bitcoin trades near $66,000. Recent blockchain data shows fresh transfers linked to the

Bitcoin MVRV Ratio at 1.1 sits just above the long-term undervaluation threshold near 1.0. Previous cycles show sub-1.0 readings aligned with accumulation and multi-year recoveries. The recent peak lacked the extreme MVRV expansion seen in prior euphoric tops. Bitcoin MVRV Ratio at 1.1 i