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/

分析师 IT Tech 周四在 CryptoQuant 的报告中表示，比特币七日平均已实现净亏损达到 23 亿美元，并称这是“比特币历史上规模最大的恐慌性抛售事件之一，可与 2021 年崩盘、2022 年 Luna/FTX 暴雷以及 2024 年年中调整相提并论”。“这一亏损规模跻身历史前 3 至 5 位，”该分析师补充道，“比特币历史上仅有少数几次出现过如此程度的恐慌割肉。”OKX行情显示，比特币从去年 10 月超过 12.6 万美元的历史高点暴跌近 50%，目前交易价格在 66600 美元附近；此前曾在 2 月 6 日下探至 60000 美元低点后有所回升。

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.

Record Protocol 背后公司 YOAKE entertainment 今日宣布完成 320 万美元（约 5 亿日元）融资，本轮由索尼创新基金（Sony Innovation Fund，SIF）独家领投。同时，Record 将进一步深化与 Sony Block Solutions Labs Pte. Ltd.（SBSL）的合作关系，作为生态重要贡献者，加速其作为 Soneium 核心知识产权金融（IPFi）基础设施的角色，并推动在音乐、影视、游戏与动漫等领域的广泛落地。

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.

金属本轮抛售由股市去风险与获利了结共振引发，算法与CTA策略加剧波动。分析师称这并非趋势反转，但短期波动率将显著抬升。

效率革命席卷各行各业，但一个根本性问题愈发尖锐：AI Agent创造的巨额价值，究竟流向了谁？

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Vitalik 一直是一个有原则的人。我印象中他从来没有过这样的时期。

如果以太坊要在AI时代真的实现Vitalik的理想和目标，未来恐怕还需要更高频的迭代和对AI更紧密的关注和跟踪。

警惕那些每隔三个月就更换核心赛道的项目，真正的创新需要深耕，频繁的叙事切换通常是为了掩盖旧业务的失败。

在 2026 年宏观背景下，ARK Invest 指出有四大趋势正在提升比特币价值，并认为比特币正从一种“可选的”边缘资产演变为机构投资组合中不可或缺的战略性资产。