ChainCatcher news, according to Bitcoin Magazine, the Bitcoin Reserve Bill in South Dakota will have a hearing today in the state’s Commerce and Energy Committee.

ChainCatcher news, Bybit stated that ETH reserves are close to 100%, and deposits and withdrawals have returned to normal. We know where the funds are going and are committed to turning this experience into an opportunity to strengthen the ecosystem. Measures are being taken to help the crypto sector grow.

ChainCatcher news, Bybit CEO Ben Zhou stated that the Bybit exchange has fully replenished the previous Ethereum reserve gap, and a new Proof of Reserve (POR) audit report will be released soon.

ChainCatcher news, according to Cointelegraph, the state of Georgia in the United States has introduced a second Bitcoin reserve bill (SB 228), allowing the state to invest in Bitcoin without any investment restrictions.Previously, it was reported that the state of Georgia proposed a bill allowing the state treasurer to invest in Bitcoin. According to reports, the bill involves state deposit institutions to stipulate that the state deposit commission allows the state treasurer to invest in Bitcoin; sets limits on such investments; establishes requirements for the safe handling of such assets; regulates the lending of such assets; and repeals conflicting laws, among other provisions.

ChainCatcher news, last week, the final value of the U.S. one-year inflation rate expectation for February recorded 4.3%, the highest since November 2023. Chicago Fed President Goolsbee downplayed this data result.In an interview on Sunday, Goolsbee stated that this number "is not good," but he added, "But this is just one month of data; we need at least two or three months of data to make it count."

ChainCatcher news, the Montana House of Representatives voted against a proposed bill on February 22 that aimed to designate Bitcoin as a state reserve asset.The bill proposed the establishment of a special revenue account to invest in precious metals, stablecoins, and digital assets with a market capitalization exceeding $750 billion, of which only Bitcoin currently meets this standard. The bill faced opposition from several Republican lawmakers, who argued that it would allow the state investment board to engage in excessive speculation with taxpayer funds, posing too high a risk. Supporters contended that if the bill were not passed, the state government would miss the opportunity to enhance its returns on investment. Currently, the bill has been effectively shelved, and any future reintroduction would require resubmission for legislative review.

ChainCatcher news, CryptoQuant research director Julio Moreno posted on the X platform revealing data that Bybit's ETH reserves have rebounded to approximately 160,000 coins.

ChainCatcher news, CryptoQuant Research Director Julio Moreno stated that Bybit's ETH reserves are slowly recovering. Since the hack, the exchange has seen a net inflow of 139,000 ETH.

ChainCatcher news, next week, several important Federal Reserve officials will give speeches, as follows:Tuesday 17:20, 2026 FOMC voter, Dallas Fed President Logan will speak;Wednesday 00:45, Federal Reserve Governor Barr will speak;Thursday, 2025 FOMC voter, Kansas Fed President Schmidt will speak on economic issues;Friday 02:15, 2026 FOMC voter, Cleveland Fed President Mester will speak on financial stability;Friday 04:15, 2026 FOMC voter, Philadelphia Fed President Harker will speak on economic outlook.In addition, significant U.S. macroeconomic data such as PCE (Personal Consumption Expenditures Price Index) will also be released next week, as follows:Tuesday 23:00, U.S. February Conference Board Consumer Confidence Index, February Richmond Fed Manufacturing Index;Wednesday after U.S. stock market close, Nvidia will release its earnings report;Thursday 21:30, U.S. Q4 real GDP annualized quarterly rate revision, Q4 GDP price index revision, January durable goods orders month-on-month, U.S. initial jobless claims for the week ending February 22;Friday 21:30, U.S. January PCE data, January personal spending month-on-month.

ChainCatcher news, according to Bitcoin News, U.S. Senator Rand Paul is calling for a comprehensive audit of the U.S. Mint's gold reserves, including physical inspections. He also requested to personally inspect Fort Knox and other vaults with his staff.

ChainCatcher news, according to The Block, Copper's research director Fadi Aboualfa stated that Trump's plan to audit the Fort Knox gold reserves may trigger a comprehensive review of gold holdings or prompt investors to turn to Bitcoin. If gold ETFs cannot verify their full backing, they may trade at a discount, leading to a loss of global liquidity.Aboualfa pointed out that as U.S. banks transfer gold from London to New York, delivery delays are worsening, and there may be a price dislocation between the spot market and unallocated gold ETFs. Given that the paper gold market is 133 times the size of the physical supply, this situation could lead to global liquidity disturbances and impact the Bitcoin market.

ChainCatcher message, the probability of "Trump establishing a strategic Bitcoin reserve within 100 days of taking office" on Polymarket has dropped to 10%, with a betting amount of approximately $7.05 million.On January 20, the day Trump was sworn in as president, the probability of this bet once rose to 48%.

ChainCatcher news, according to Cointelegraph, Utah's HB230 "Blockchain and Digital Innovation Amendment" was passed by the state's Senate Tax Committee on February 20 with a vote of 4-2-1. The bill will proceed to the Senate for a second and third reading.According to the bill, for a digital asset to qualify as a reserve asset, its average market value must reach $500 billion or more in the previous calendar year. Currently, only Bitcoin meets this requirement.The bill also authorizes the state treasurer to participate in cryptocurrency staking operations, allowing the state treasury to invest no more than 5% of digital assets in five state-level accounts, including the general budget fund, income tax fund budget, and state disaster recovery account, among others.

ChainCatcher message, VanEck's latest research indicates that by 2029, a Bitcoin strategic reserve of $1 million in BTC could offset approximately $21 trillion of U.S. national debt.

ChainCatcher news, reported by The block, Federal Reserve Vice Chairman Michael Barr responded to the controversy over the de-banking of the cryptocurrency industry. Barr stated that the Federal Reserve will maintain a neutral stance and will not prevent banks from collaborating with the crypto industry.He emphasized that the Federal Reserve has provided clear guidance and a regulatory framework that allows banks to engage in crypto business within compliance, while not mandating or discouraging banks from participating in related activities.

ChainCatcher message, Federal Reserve's Goolsbee stated that the path to a 2% inflation rate looked good before new uncertainties emerged.

ChainCatcher news, according to TheBlock, Bitcoin has seen a slight increase in the past 24 hours, with a total market capitalization just above $3.3 trillion, as investors digest the Federal Reserve's cautious stance on inflation and interest rate policy.Nexo Dispatch analyst Iliya Kalchev stated, "Market participants should closely monitor the Federal Reserve's policy direction, as these events could impact liquidity and investor sentiment, with Bitcoin's ability to maintain the support level of $92,500 being crucial for determining its short-term trend."

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Besant stated that I have breakfast with Federal Reserve Chairman Powell every week, and I saw him yesterday.U.S. Treasury Secretary Besant reiterated that the Federal Reserve's rate cut in September was too large.

ChainCatcher news, according to SoSovalue statistics, as of now, twenty state-level administrative regions in the United States are initiating relevant legislative procedures. Among them, fifteen states have had their bills formally received by the House and have entered the committee review stage, forming operational legal drafts. The Bitcoin Strategic Reserve Bill is creating a regional legislative wave in the U.S.Taking Utah as an example, Bill HB0230 will allow the state's four public funds (namely, the State Disaster Recovery Restricted Account, the General Fund Budget Reserve Account, the Income Tax Fund Budget Reserve Account, and the Medicaid Growth Reduction and Budget Stabilization Account) to invest up to 5% of their total assets in Bitcoin. According to the 2024 Utah financial report data, this means a potential purchasing power of over $70 million.SoSovalue analysts state that the Strategic Bitcoin Reserve Bill is not only a new breakthrough for Bitcoin in the traditional financial system but also a historic advancement. As more state governments explore similar strategies, the trend of public funds holding Bitcoin may reshape the global market's definition of Bitcoin as an asset, defining Bitcoin not just as digital gold, but as part of national and institutional asset allocation, further solidifying its position in the global financial system.