Coinbase reported a surprise quarterly loss of US$667 million as trading revenue fell sharply due to a broad drop in crypto prices and weaker market activity. Growth in stablecoin operations provided some relief, but regulatory uncertainty and ongoing market weakness continue to pressure the company.

Slower inflation will give the Federal Reserve more policy flexibility, but given the additional stimulus to the economy from fiscal expansion and three rate cuts last year, the market is more concerned about whether this pullback is sustainable.

The parent company of InsuranceDekho is contemplating an initial public offering (IPO) in Mumbai, aiming to raise up to $250 million. Bloomberg posted on X, highlighting the company's strategic move to tap into the financial markets. This potential IPO reflects the company's ambition to expand its financial capabilities and strengthen its market position. The decision comes amid a growing interest in the insurance sector, which has seen significant developments in recent years. The company is evaluating the timing and structure of the IPO to maximize its benefits. Further details about the offering are expected to be disclosed as the company finalizes its plans.

According to the announcement from Binance, a special Valentine campaign is set to offer participants the chance to earn a share of a $20,000 reward pool. The campaign, which features pink-themed crypto rewards, encourages users to complete simple tasks and unlock challenges. Participants can engage in activities such as inviting friends, topping up their wallets, or trading on Spot and Futures to get closer to the Valentine rewards. The promotion period is scheduled from 2026-02-13 00:00:00 to 2026-03-13 23:59:59 (UTC), or until the rewards are fully distributed. Participants can join the campaign through various activities. The 'Bring a Plus One' initiative allows users to invite friends to Binance, while 'Love at First Top-Up' involves depositing via Binance P2P, Fiat, Card, or Buy Crypto. 'Spot the Love' and 'Love Story' encourage trading on Binance Spot and Futures, respectively. The campaign offers rewards worth up to $1,000 in tokens with a pink icon, including AMP, UNI, and DOT. For deposits, users in the CIS region can use USD via credit/debit card, Apple Pay, and Google Pay. Uzbekistan users can deposit UZS via Humo card, while Kazakhstan users have the option of KZT deposits through local banks and Mastercard. Additionally, users can buy crypto using local currencies, including UZS and KZT, via credit/debit card, Apple Pay, and Google Pay. The P2P platform offers competitive prices and a simplified experience through P2P Express. Terms and conditions apply to this activity, and participants must adhere to Binance's terms for prize promotions, terms of use, and privacy notice. Binance reserves the right to disqualify participants acting fraudulently or not in accordance with the terms.

On February 13, a significant number of Bitcoin and Ethereum options are set to expire, according to PANews. Analysis from Greeks.live indicates that 38,000 BTC options and 215,000 ETH options will reach maturity. The BTC options have a Put Call Ratio of 0.71, with a maximum pain point at $74,000 and a nominal value of $2.5 billion. Meanwhile, ETH options show a Put Call Ratio of 0.82, with a maximum pain point at $2,100 and a nominal value of $410 million. The cryptocurrency market continues to experience a downturn, with the maximum pain point decreasing rapidly. Today, options accounting for 9% of total open interest, amounting to nearly $2.9 billion, are expiring. This week, the implied volatility for Bitcoin and Ethereum has decreased, with BTC's main term IV at 50% and ETH's at 70%. Although the downward price trend has slowed, market confidence remains low. In terms of trading, put options dominate, although some buying interest has emerged following yesterday's further decline. Key options data show a rebound in Skew, and there is an increase in bullish options. Despite the ongoing bear market, the most intense phase of the recent decline appears to be over. The crypto market currently lacks new capital inflows, making discussions of a bull market or significant rebound premature.

The European Central Bank (ECB) is closely monitoring the potential economic impact of the euro's appreciation, which began in 2025. Bloomberg posted on X, highlighting comments from Martins Kazaks, a member of the ECB's Governing Council, who emphasized the need for patience in assessing the currency's influence on the economy. Kazaks noted that the ECB is taking a cautious approach, waiting to see how the stronger euro will affect economic conditions before making any policy adjustments. The euro's rise has been a significant factor in recent economic discussions, with analysts and policymakers alike considering its implications for growth and inflation. Kazaks' remarks underscore the ECB's commitment to carefully evaluating the situation as it unfolds.

According to on-chain analyst Ai Yi, the top 3 addresses with the largest short positions in Hyperliquid BTC (0xd62…b7d91) have realized a profit of $2.434 million. These addresses have been shorting BTC since February 2nd and currently hold a 40x short position of 278.76 BTC, worth approximately $18.51 million, with an average opening price of $75,150.5.

According to an official announcement, Bitget has made several optimizations to its CFD contract products to comprehensively improve user trading transparency and decision-making efficiency. Users can upgrade the Bitget App to version 2.77.0 to enjoy the updated experience. This upgrade mainly includes: • Added asset selection: Quickly locate preferred assets and view dynamic details in real time. • Support for frequently used trading volumes: Preset frequently used trading volumes for convenient one-click order placement. • Added full position details: Display positions of the same asset in a aggregated manner, providing real-time feedback on position status. • Added one-click closing: Support for closing all positions, improving decision-making efficiency. In addition, new users can participate in a CFD new customer lucky draw by completing designated registration and trading tasks. The highest reward for a single person is USD 1,000, on a first-come, first-served basis. The event ends on March 13th at 0:00 (UTC+8).

An analyst @ai_9684xtpa posted on X that the address 0xd62…b7d91, holding a significant short position in Bitcoin on Hyperliquid, has realized a profit of $2.434 million. The position, initiated on February 2, involves a 40x leverage short of 278.76 BTC, valued at approximately $18.51 million, with an average entry price of $75,150.5.

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On February 13, a significant cryptocurrency holder known as 'Altcoin Air Force Leader' has adjusted their investment strategy. According to BlockBeats On-chain Detection, the holder partially closed their short position on PUMP, reducing it by approximately $1.3 million. Following this reduction, the PUMP short position now stands at $1.68 million, with unrealized gains of $757,300, yielding a return of 448.76%. Additionally, the holder has partially closed their short position on UNI, bringing the current position to less than $500,000. The total holdings of the account have decreased by 50% from last week's peak, continuing to realize unrealized gains. In contrast, the whale has increased their short position on LIT, with the current holdings amounting to approximately $4.17 million and unrealized gains of $3.28 million. The average holding price is $2.615, maintaining the status as the largest on-chain LIT short position holder.

Binance Research published an article on the X platform stating that the 50% drop since the all-time high in October 2025 represents a mild correction compared to previous cycles, reflecting reduced volatility as the market matures.

null source: https://x.com/wublockchain/status/2022207269874569552

Tether’s USDT may be on track to surpass both Bitcoin and Ethereum in market capitalization as stablecoins continue expanding despite broader crypto market weakness, according to Bloomberg Intelligence strategist Mike McGlone.

For any asset to become a "cornerstone of human civilization," it must undergo countless death spirals and periods of doubt.

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What were once assets in the old era are now liabilities in the new. The former moat, the huge user base, and the massive number of customers are now powerless against disruptive business models.

The AI ​​panic has subtly shifted from employment issues to a credit crisis, and this is just the beginning of the trouble. The seemingly calmest times in the credit market are often the most dangerous.

Washington is running out of time to pass sweeping crypto market structure legislation in 2026, as negotiations stall over two explosive flashpoints: stablecoin yield restrictions and President Donald Trump’s deep financial ties to the crypto industry.

BlockFills has temporarily stopped customers from depositing and withdrawing funds after a sharp fall in bitcoin prices and wider market stress. Some clients can still trade, but transfers in and out of the platform remain on hold while the firm works to restore liquidity.