On Feb. 23, 2026, Backpack Exchange said users who stake its forthcoming token for at least one year will be able to swap those tokens for company equity equal to 20%. The firm detailed a 1 million‑token plan with 25% to unlock at TGE and another 37.5% before a potential U.S. IPO if milestones are achieved.

The U.S. Securities and Exchange Commission brought on former Chainlink lawyer Taylor Lindman to advise on digital asset policy. According to Arkham Intelligence, Grayscale's LINK holdings climbed past 5.25 million tokens in February 2026 even as Chainlink traded more than 70% below last year's high, highlighting institutional interest amid weak prices.

RLUSD, Ripple's $1-pegged stablecoin, entered the Top 50 this week at 48th with a $1,558,888,243 market capitalization, according to CoinMarketCap. On February 20, 2026, Paul Barron teased "something big" linked to RLUSD and The Clarity Act, and on February 23, 2026, Chart Nerd framed BTC's liquidity sweep as a potential setup while watching XRP's $1.17 support and an $8 upside scenario.

Ethereum is hovering near the $1,885 support area after a sharp market decline, with its price still trading below key moving averages. XRP remains under bearish pressure as it inches closer to the $1 level, while Shiba Inu continues to show fragile rebounds within a prolonged downtrend. Across these assets, weak buying conviction and persistent resistance zones highlight a cautious and defensive market backdrop.

Over the past 24 hours, XRP’s activity climbed across major venues while price fell 6.46% from $1.46 to $1.34. The token is holding above $1.34 after losing $1.40, with potential upside if $1.40 turns into support toward $1.66. On-chain transactions rose about 40%, and RWA metrics improved alongside a proposed Arizona reserve list that includes XRP.

Bitcoin climbed to around $68,600 on Saturday before reversing to the mid-$64,000s, with traders facing heavy long-side liquidations exceeding $508 million in the last 24 hours. The Crypto Fear and Greed Index has dropped to 5 out of 100 and recent data shows seven-day net realized losses near $500 million per day, while analysts highlight an unusually negative Sharpe Ratio that some view as a potential low-risk accumulation signal.

By the 23rd of February, Solana’s real-world asset value had climbed to around $1.7 billion, with growth driven mainly by tokenized treasuries and yield-focused products. Institutional demand for 3–4% APYs, cross-chain liquidity moving from Ethereum, and expanding private credit exposure all contributed to Solana’s rising share of the $25.07 billion RWA sector. The resulting capital buildup also deepened on-chain liquidity and supported broader ecosystem activity such as memecoins.

Spot Bitcoin ETFs are set for a fourth straight month of net withdrawals in February as BTC approaches a fifth negative monthly close. According to checkonchain, ETF net assets fell from nearly $170 billion in October 2025 to $84.3 billion, while flows tracked by Axel Adler Jr. showed 11,042 BTC in outflows between Feb. 12 and Feb. 19.