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.

Crypto KOL Murphy posted on X that the Long-Term Holder Realized Profit/Loss Ratio (LTH-RPRL) for Bitcoin has fallen below 1 for the first time in this cycle, a situation last observed on May 9, 2022. Additionally, the Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) is also below 1, indicating that long-term holders are not only experiencing losses but are also selling at a loss. For those who have not yet sold, each fluctuation in Bitcoin's price presents a growing psychological challenge, as the sensitivity of long-term holders to price changes has reached levels similar to those on November 29, 2014, November 3, 2018, and May 25, 2022. Historically, these points have been followed by events that exacerbated panic among long-term holders, marking the final phase of a bear market. Currently, the market sentiment is characterized by ignoring positive news and amplifying negative developments. Bitcoin appears to be increasingly desensitized to macroeconomic benefits, seemingly influenced by a mysterious force. This force is not controlled by any individual, institution, or entity but rather reflects a consensus issue among the majority of market participants. Historically, when the LTH-RPRL drops below 1, the probability of Bitcoin entering a prolonged bear market increases significantly. This phase is not defined by the depth of price drops but by the duration of the downturn. The final phase of a bear market is marked by extreme panic among long-term holders. The key indicator for this is the Entity-Adjusted Long-Term Holder Realized Loss (EA-LTH RL). The larger the scale, the greater the panic among long-term holders. On February 5, when Bitcoin fell to $60,000, the EA-LTH RL reached $680 million, surpassing the panic levels triggered by the LUNA crash in the previous bear market. Whether this marks the final phase of the bear market remains uncertain. However, if Bitcoin prices drop further and the EA-LTH RL decreases, it could signal the end. If not, as long as the LTH-RPRL remains below 1, opportunities will persist.

Naoki Tamura, a member of the Bank of Japan's Policy Board, stated that he has consistently believed Japan's neutral interest rate is at least around 1%. According to Jin10, Tamura emphasized that different measurement methods can lead to varying estimates of this rate. His comments highlight ongoing discussions about Japan's monetary policy and the challenges in determining the appropriate interest rate level. The neutral interest rate is a key factor in shaping economic policy, as it influences inflation and economic growth.

Bitcoin open interest falls to $34 billion as investor demand dries up and traders’ concerns shift to worrying US macroeconomic data. Is TradFi exiting BTC? source: https://cointelegraph.com/news/bitcoin-open-interest-hits-lows-not-seen-since-2024-is-tradfi-abandoning-btc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

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.

Omnia platform combines traditional currencies, cryptocurrencies and stablecoins under single API source: https://www.blockhead.co/2026/02/13/lmax-group-launches-cross-asset-exchange-for-fx-and-digital-assets/

Analyst IT Tech stated in a CryptoQuant report on Thursday that Bitcoin has accumulated a seven-day average net loss of $2.3 billion, calling it "one of the largest panic sell-offs in Bitcoin history, comparable to the 2021 crash, the 2022 Luna/FTX collapse, and the mid-2024 correction." "This level of loss ranks among the top 3 to 5 in history," the analyst added, "There have only been a few instances in Bitcoin's history of such panic selling." OKX data shows that Bitcoin has plummeted nearly 50% from its all-time high of over $126,000 last October, currently trading around $66,600; it had previously rebounded after hitting a low of $60,000 on February 6th.

Naoki Tamura, a member of the Bank of Japan's (BOJ) Policy Board, emphasized the need for the central bank to avoid prematurely tightening monetary policy. According to Jin10, Tamura also highlighted the importance of preventing sustained inflation that cannot be described as 'moderate.' His comments reflect the BOJ's cautious approach to balancing economic growth with inflation control. The central bank continues to monitor economic indicators closely to ensure that any policy adjustments align with Japan's economic conditions.

Plume, a network focused on real-world assets (RWA), has entered into a strategic partnership with licensed digital asset platform EX.IO to facilitate the large-scale implementation of institutional-level RWA in Hong Kong. According to Foresight News, this collaboration aims to leverage Plume's on-chain asset infrastructure and ecosystem network alongside EX.IO's compliant trading system and local market resources. The partnership seeks to establish a comprehensive channel for issuance, compliance, and trading, enabling high-quality assets to efficiently enter the on-chain capital market. This initiative is expected to further solidify Hong Kong's position as a global hub for RWA and digital financial innovation.

YOAKE entertainment, the company behind Record Protocol, announced today that it has completed a $3.2 million (approximately ¥500 million) funding round, led exclusively by the Sony Innovation Fund (SIF). Record will also further deepen its partnership with Sony Block Solutions Labs Pte. Ltd. (SBSL), accelerating its role as a key contributor to the ecosystem and driving its widespread adoption in music, film, games, and animation as core intellectual property finance (IPFi) infrastructure.

On February 13, a prominent trader has shifted their investment focus to U.S. technology stocks after closing significant positions in the Nasdaq index and copper, valued at $40 million. According to BlockBeats, the trader's current holdings amount to approximately $23.5 million, primarily concentrated in sectors related to storage and artificial intelligence. The trader's positions include a $9.31 million investment in Micron Technology (MU) with an average price of $379.993, yielding a profit of around $830,000. Additionally, they hold a $5.36 million position in NVIDIA (NVDA) at an average price of $192.858, currently incurring a loss of approximately $140,000. Their investment in Alphabet (GOOGL) stands at $4.63 million with an average price of $312.51, resulting in a loss of about $50,000. Lastly, the trader has a $3.19 million stake in SanDisk (SNDK) at an average price of $592.31, generating a profit of approximately $230,000. Previously, the trader was known for their significant investments in U.S. stocks and on-chain precious metals, notably being the largest long position holder in on-chain gold. They had heavily invested in the Nasdaq index and copper prices with a $40 million stake before transitioning their focus to the technology sector.

Crossmint, a company specializing in crypto API development, has introduced the OpenClaw open payment standard through lobster.cash. According to Foresight News, this initiative is backed by Crossmint, Visa Smart Commerce, Solana, Circle, and Stytch. Users can set permissions and approve transactions, with the proxy requesting necessary resources only when needed. Cards and stablecoins are protected by programmable security measures by default. The service is currently available for trial and is expected to be fully launched in the coming weeks.

The current sell-off in metals was triggered by a combination of risk aversion and profit-taking in the stock market, with algorithmic trading and CTA strategies exacerbating volatility. Analysts say this is not a trend reversal, but short-term volatility will increase significantly.

The efficiency revolution is sweeping across all industries, but a fundamental question is becoming increasingly acute: to whom does the enormous value created by AI agents actually go?

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 2966, providing you with the latest and fastest news on the digital currency and blockchain industry.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Vitalik has always been a man of principle. I don't recall him ever going through a period like this.

If Ethereum is to truly realize Vitalik's ideals and goals in the AI ​​era, it will likely need more frequent iterations and closer attention and tracking of AI in the future.

Be wary of projects that change their core business every three months. True innovation requires in-depth cultivation, and frequent narrative shifts are usually an attempt to cover up the failure of old businesses.

Against the backdrop of the 2026 macroeconomic outlook, ARK Invest identifies four major trends that are enhancing the value of Bitcoin and argues that it is evolving from an "optional" fringe asset into an indispensable strategic asset in institutional portfolios.