On February 23, 2026, Novo Nordisk shares fell in premarket trading after the company said CagriSema did not demonstrate non-inferiority to Eli Lilly's tirzepatide in the REDEFINE 4 study. At 5:27 AM EST, NVO traded at $40.99, down $6.43 or 13.56% from the prior close.

Gemini co-founder Tyler Winklevoss has publicly stated he is optimistic at what he describes as peak crypto pessimism, even as filings and market data show mounting challenges for the exchange. SEC documents outline sharply higher operating expenses alongside modest revenue growth and a shrinking market value, while onchain data indicates Winklevoss Capital has cut its Bitcoin holdings by more than half over the past year. Gemini has also announced sizable layoffs, exited multiple regions and reshuffled senior leadership as it pivots toward new regulated products and services.

On 23 February 2026, data attributed to DWF Labs and Memento Research indicated that more than 80% of tokens launched in 2025 are trading under their TGE price, with many falling 50%–70% in the first 90 days. Analysts say these sharp drawdowns on major exchanges are pushing investors toward publicly listed crypto companies, where IPO fundraising has reached $14.6 billion. This shift reflects growing preference for regulated equities and clearer valuation frameworks over the traditional token launch model.

The crypto market slid over the past 24 hours, with total value near $2,26 trillion, down about 2,9%. Bitcoin traded around $65 761 (-3,26% 24h; -4,18% weekly) on $34,7 billion volume, while Ethereum hovered near $1 883 (-4,67% 24h). Indicators show Fear & Greed at 14 and the Altcoin Season Index at 31/100.

In early Monday trading in Asia, Bitcoin briefly sank to about $64,090, dropping as much as 5.6% amid renewed concerns over US tariffs, while Ether slid 5% and other altcoins fell even more. Over the same period, 12 US-listed spot Bitcoin ETFs recorded a fifth consecutive week of net outflows totaling $3.8 billion, the longest such stretch since February last year, as Asian equity benchmarks such as South Korea's Kospi and Hong Kong's Hang Seng advanced.

Oil prices eased as traders monitored unverified market chatter about a potential U.S. strike on Iran said to fall on February 23–24 and the timing of upcoming nuclear talks in Geneva. Reporting indicates that any U.S. action under discussion is framed as a limited strike while diplomats prepare for a new negotiating round this week. Equity traders also watched Exxon Mobil, which last showed 146.87 in overnight trading during early Asian hours.

In the week of Feb. 15–22, US spot Bitcoin ETFs recorded $165.8 million in outflows on Thursday, bringing weekly redemptions to $403.9 million and pushing year-to-date losses to $2.7 billion, while trading volumes fell 21%. Metaplanet CEO Simon Gerovich rejected accusations that the firm delayed or obscured disclosures around its Bitcoin purchases, options strategy and BTC-backed borrowings. The period also saw fresh debate on stablecoin rewards in US Senate negotiations and ongoing discussions over quantum risks, with Bitcoin developer Matt Corallo arguing that such fears do not explain Bitcoin’s recent 46% drawdown.

The White House held a third closed-door session on Thursday to assess rules for rewards tied to stablecoin balances, a key element of a broader US crypto market-structure bill. The meeting began at 9 a.m. ET and included Ripple, Coinbase, bank trade groups, and industry associations; participants called it constructive, but no agreement emerged.