Last week was a significant period for the cryptocurrency world, marked by several key events and developments that shaped the digital asset landscape.

Major Conferences and Events

The most notable event of the week was Consensus Hong Kong, held from February 18-20, 2025. This flagship conference brought together global leaders in blockchain and cryptocurrency to explore the future of the industry. The event likely featured discussions on the latest trends, innovations, and challenges in the crypto space, providing valuable insights for attendees and the wider crypto community.

Another significant event that began last week was AIBC EURASIA in Dubai, UAE, which started on February 23, 2025. This gathering focuses on blockchain and cryptocurrency professionals, with a particular emphasis on emerging markets and technological advancements in the Eurasian region.

Project-Specific Events

Several cryptocurrency projects had scheduled events on February 20, 2025, which likely brought important updates and announcements to their respective communities:

1. Quai Network (QUAI) held an event, potentially related to network updates or partnership announcements.

2. Bifrost (BFC) had a planned event that may have impacted its ecosystem or token value.

3. Ondo DeFAI (ONDOAI) hosted an event, possibly introducing new features or partnerships in the decentralized finance space.

4. AirTor Protocol (ATOR) had a scheduled event that could have brought important updates for its community.

5. Money Dogs (MDOGS) held an event, potentially related to new developments or community initiatives.

Market Performance

The global cryptocurrency market cap stood at $3.32 trillion as of last week, showing a slight decrease of 0.62% over the previous 24 hours. This minor fluctuation suggests a relatively stable market environment during the week.

Bitcoin, the leading cryptocurrency, continued to perform strongly, with its price hovering around the $80,000 mark. This surge has been attributed in part to the outcome of the recent US Presidential elections, where Donald Trump, a vocal supporter of cryptocurrencies, emerged victorious.

Altcoin Performance

Some altcoins showed significant performance last week. TEL and OM were among the best-performing assets within the top 100 by market capitalization, with gains of 106% and 93% respectively year-to-date. The rally in OM's price was linked to the growing Real World Assets (RWA) narrative, while TEL's surge was associated with increasing adoption in telecom-focused blockchain services.

Exchange tokens also posted strong gains, reflecting growing optimism around retail trading volumes and declining regulatory pressures on offshore centralized exchanges. Notable performers included GT (+34.5%), KCS (+14.8%), and LEO.

Market Trends

The correlation between Bitcoin, Ethereum, and the S&P 500 has been an interesting trend to watch. The 30-day rolling correlation between the S&P 500 and Bitcoin rose to 0.57 from 0.27 on December 23, highlighting the impact of the macroeconomic environment on risk-on assets like equities and Bitcoin.

Conclusion

Last week in the crypto world was characterized by important conferences, project-specific events, and interesting market movements. The Consensus Hong Kong conference and the start of AIBC EURASIA in Dubai provided platforms for industry leaders to discuss the future of blockchain and cryptocurrency. Meanwhile, individual projects held events that could shape their future trajectories. The market showed relative stability, with some altcoins performing exceptionally well. As the crypto space continues to evolve, these events and trends will likely play a crucial role in shaping the industry's future.