According to CoinMeta on February 20th, US stocks opened lower with the Dow Jones Industrial Average down 0.23%, the S&P 500 down 0.28%, and the Nasdaq down 0.58%. Technology stocks weakened, with Oracle (ORCL.N) down 2.5%, Intel (INTC.O) down 2.3%, and AMD (AMD.O) down 1.4%. Blockchain concept stocks showed mixed performance.

According to CoinMeta, Falcon Finance has expanded its staking vault product line with the launch of the SPYx staking vault, allowing users to earn additional yields while holding on-chain tokenized exposure to the S&P 500 index. The vault offers an expected annualized yield (APR) of 3% (fluctuating), rewards users with USDf (Falcon's synthetic US dollar), uses SPYx (a tokenized SPDR S&P 500 ETF) as its underlying asset, and has a 180-day lock-up period. Falcon Finance currently accepts deposits on Solana and plans to expand to the Ethereum ecosystem as demand grows.

According to CoinMeta on February 20, on-chain data shows that a large Bitcoin whale (Whale 1011, suspected to be Garrett Bullish) deposited 5,000 Bitcoins, worth approximately $335.75 million, into Binance.

According to CoinMeta, on February 20th, OpenAI's 200-person team is developing artificial intelligence devices, including a smart speaker.

According to CoinMeta, asset management firm VanEck has officially launched a regulated Sui ETN on the German exchange Deutsche Börse Xetra, with the ticker symbol VESU. This product is a fully collateralized exchange-traded note, allowing European investors to obtain SUI exposure directly on the exchange through compliant channels.

On February 20th, CoinMeta reported that Ripple executive Reece Merrick stated that Dubai's Land Department has launched the second phase of its real estate tokenization project, which will support controlled secondary market trading of tokenized properties on XRP Ledger.

According to CoinMeta, Succinct, the ZK proof software, has announced the official launch of zkVM (Zero-Knowledge Virtual Machine) SP1 Hypercube on the mainnet. SP1 Hypercube is a zkVM that has completed formal verification of all 62 RISC-V opcodes. With SP1, developers can write ordinary code in languages such as Rust to create provable programs.

On February 20th, Coinbase reported that it has suspended trading of several perpetual contracts, including EDGE-PERP, PROMPT-PERP, 1000SATS-PERP, FLOW-PERP, AR-PERP, MANTLE-PERP, and HNT-PERP, as previously planned. All remaining open contracts have been automatically settled in USDC at the final settlement price listed in the announcement, calculated based on the average index price over the 60 minutes prior to the suspension. Coinbase stated that this delisting was to improve liquidity and market quality, adjust products that did not meet standards, streamline the perpetual contract product line, concentrate resources on supporting products with higher trading volumes, and expedite the listing process for new perpetual contracts in the future.

According to Onchain Lens, James Wynn (@JamesWynnReal) opened a small short position in BTC with 40x leverage on a futures trading platform on February 20th.

According to CoinMeta, FTX founder SBF posted a series of tweets on the X platform, listing "10 Myths About Me and FTX" to defend himself and FTX. SBF claimed that FTX was not insolvent, but rather that after lawyers intervened and filed for bankruptcy, it ultimately repaid customers 119%-143% of their principal. He claimed that multiple parties offered funding during the withdrawal crisis, but his lawyers filed for bankruptcy without his full consent. He also denied rumors of a "multi-faceted love party" and disclosed his political donations: by the end of 2022, he had switched to supporting the Republican Party, and his donations to the right wing exceeded those to the left; only his donations to the Republican Party had not been previously disclosed. Furthermore, SBF accused the bankruptcy lawyers of charging him over $1 billion and deliberately delaying repayments to customers.