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.

通胀放缓将为美联储提供更多政策灵活性，但在财政扩张和去年三次降息对经济构成额外刺激的背景下，市场更关注此次回落是否具有可持续性。

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.

据链上分析师 Ai 姨监测，Hyperliquid BTC 空头规模 TOP3 地址 (0xd62…b7d91) 已浮盈 243.4 万美元。该地址自 2 月 2 日起做空 BTC，目前持有 278.76 枚 BTC 的 40 倍空单，价值约 1851 万美元，开仓均价为 75,150.5 美元。

据官方公告，Bitget 对其 CFD 合约产品进行多项优化，以全面提升用户交易透明度与决策效率。用户可升级 Bitget App 至 2.77.0 版本享受更新体验，本次升级主要包括：•增加资产自选：快速定位偏好资产，实时查看动态详情•支持常用交易量下单：预设常用交易量，一键便捷下单•新增全盘持仓明细：同品种仓位集合展示，实时反馈持仓情况•增加一键平仓：支持全部平仓，提升决策效率此外，新用户还可参与 CFD 新客抽奖活动，完成指定注册、交易等任务可参与，单人最高奖励达 1,000 USD，采取先到先得的模式。活动时间截止 3 月 13 日 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.

美国,CFTC,预测,谁在 CFTC 牌桌上？一场美国创新金融话语权的重新分配 金色财经,美国 CFTC 到底组了个什么局？

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 在 X 平台发文表示，自 2025 年 10 月的历史高点以来，50%的跌幅相较于之前的周期代表了温和的调整，反映出随着市场成熟，波动性有所降低。

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.

任何资产要想成为“人类文明基石”，必须经历无数次的死亡螺旋和怀疑。

RWA,监管,政策,真RWA发行指南：企业如何抓住“开门”后的第一波机遇？ 金色财经,致读者：房地产RWA真的要来了。

旧时代的资产是新时代的负债，曾经的护城河，巨大的用户量，巨大的客户数目，在面对商业模式的颠覆式，没有任何抵抗力。

AI 恐慌隐约从就业问题转成了信贷危机，这才是麻烦的开始。信贷市场看起来最平静的时候，往往更危险。

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.