According to Huoxun Finance on February 20th, at 21:30 Beijing time, the US will release key data including the December PCE price index and the annualized quarterly rate of real GDP in the fourth quarter. The market generally expects inflation to rise moderately and the economy to remain resilient. This combination may dampen the Fed's prospects for interest rate cuts and bolster the argument for holding rates steady. Please be wary of market volatility at that time.

According to Odaily Planet Daily, a federal judge in Tennessee has granted a preliminary injunction motion against prediction market platform Kalshi, prohibiting state officials from enforcing state betting laws on its sports betting contracts. The judge ruled that Kalshi's sports betting contracts are highly likely to be deemed swaps under federal commodity law, potentially giving federal law precedence over state regulations. Previously, Tennessee regulators had issued a cease and desist letter to Kalshi, threatening that its operation without a state license violated the Tennessee Sports Betting Act. Attorney Andrew Kim commented on the X platform that this ruling differs from the Nevada ruling. Earlier this week, the CFTC filed an amicus brief in a case involving Crypto.com and Nevada, arguing that it has "exclusive jurisdiction" over prediction markets and event contracts as commodity derivatives. (The Block)

According to Huoxun Finance on February 20, OnchainLens monitoring revealed that a whale, "0x049," just closed out its long positions in ETH and BTC, incurring a loss of $598,369.

Huoxun Finance reported on February 20th that WorldLabs, the startup founded by Fei-Fei Li, has raised $1 billion in a new funding round to pursue a novel approach to AI development. As part of this round, Autodesk Inc. invested $200 million in WorldLabs. WorldLabs stated that other backers include Andreessen Horowitz, Nvidia, and AMD. WorldLabs focuses on developing "WorldModels," aiming to enable AI to understand and make decisions about the three-dimensional physical world.

According to data from Coinglass, the Coinbase Bitcoin Premium Index has been in negative territory for 36 consecutive days, currently at -0.0467%. This surpasses the approximately 30 consecutive days of negative premiums during the "10/11 crash" and is the longest consecutive negative period since May 2023. The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase and the global market average. A negative premium typically reflects significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.