According to Gate data, spot gold has climbed above $5,040 per ounce, up 0.88% on the day. Spot silver broke through $81 per ounce, reaching a new high since February 12, up 3.23% on the day.

According to Odaily Planet Daily, Bitcoin mining difficulty has increased by 15% to 144.4T, marking the largest increase since 2021. Prior to this adjustment, mining difficulty had decreased by 12%. Currently, the Bitcoin network hashrate has recovered from a low of 826 EH/s to 1 ZH/s, while hashprice, a measure of miners' daily revenue per unit of hashrate, remains at a multi-year low of approximately $23.9/PH/s. In terms of price, Bitcoin's price fell from an all-time high of approximately $126,500 to $60,000, but has since recovered to approximately $67,000. Furthermore, some listed mining companies are shifting resources towards the AI field. Bitfarms (BITF) recently announced a rebranding to increase its focus on AI infrastructure. Meanwhile, activist investor Starboard is urging Riot Platforms (RIOT) to further expand its AI data center business.

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.