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The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.53% long, 50.47% short - Binance: 48.98% long, 51.02% short - OKX: 49.63% long, 50.37% short - Bybit: 48.58% long, 51.42% short

Binance founder Zhao Changpeng has dismissed claims that the exchange trades on BitMEX as false information. On X, he stated that the assertion is untrue and that those spreading the rumor are now making things up without purpose or evidence. His post was a response to a claim circulating on X that Binance is one of the most profitable institutions trading directly on BitMEX. In 2023, Zhao announced that instead of issuing complex rebuttals to negative rumors and FUD (fear, uncertainty, and doubt), he would simply post the number "4," which signifies one of his internal rules to ignore such claims.

South Korean crypto exchanges Upbit and Bithumb have announced they will delist Loopring (LRC) at 6:00 a.m. UTC on March 16. Upbit explained that it had placed the token on a delisting watchlist after identifying several issues, including deficiencies in disclosures, a lack of substance and sustainability in its business operations, and insufficient progress, which it noted could potentially harm users. The exchange added that a subsequent review determined these concerns had not been resolved, prompting the decision to delist.

An anonymous whale address starting with 3NVeXm deposited 2,035 BTC, worth $135.23 million, to Binance, Lookonchain reported. The same address has deposited approximately 10,000 BTC to the exchange over the past two days.

AI infrastructure company Gradient has launched Echo-2, its next-generation decentralized reinforcement learning (RL) platform. The platform addresses high computational costs by using distributed computing technology that leverages idle GPU resources worldwide. This approach targets the sampling process, which accounts for 80% of RL computation and is well-suited for high-level parallel processing. Gradient successfully reduced the training cost for a 30-billion-parameter model by more than 10 times, from approximately $4,490 on commercial clouds to around $425 per session. The training time was also significantly shortened to 9.5 hours. Echo-2 incorporates asynchronous RL technology based on "Bounded Staleness," which separates learners from actors and strictly manages time lags between model versions to maintain training stability. It also features the "Lattica" peer-to-peer protocol, which can deploy large model weights of over 60GB to hundreds of nodes in just minutes, and a "3-Plane Architecture" that independently manages rollouts, training, and data to create a ready-to-run environment without complex setup. A Gradient representative stated that Echo-2 will serve as a foundation for anyone to build and own state-of-the-art inference models without economic constraints.

U.S. spot Ethereum ETFs saw a net outflow of $113.08 million (163 billion won) on Feb. 12, Trader T reported. This marks the second consecutive day of net outflows, with no single ETF recording a net inflow. The breakdown is as follows: - BlackRock's ETHA: -$28.96 million - Fidelity's FETH: -$43.52 million - Bitwise's ETHW: -$6.18 million - 21Shares' CETH: -$2.88 million - Grayscale's ETHE: -$13.43 million - Grayscale Mini ETH: -$18.11 million

U.S. spot Bitcoin ETFs saw a total net outflow of $410.57 million on Feb. 12, marking the second consecutive day of net outflows, according to data compiled by Trader T. - BlackRock's IBIT: -$157.76 million - Fidelity's FBTC: -$104.13 million - Bitwise's BITB: -$7.83 million - Ark Invest's ARKB: -$31.55 million - Invesco's BTCO: -$6.84 million - Franklin's EZBC: -$3.79 million - Valkyrie's BRRR: -$2.77 million - VanEck's HODL: -$3.24 million - Grayscale's GBTC: -$59.12 million - Grayscale's Mini BTC: -$33.54 million

South Korea's Financial Services Commission (FSC) has issued a legal interpretation allowing the Korea Deposit Insurance Corporation (KDIC) to request transaction histories from crypto exchanges to track hidden assets, Digital Asset reported. The interpretation pertains to an amendment to the Depositor Protection Act, which includes virtual asset service providers among the entities from which the KDIC can demand data. The FSC determined that excluding transaction and transfer records would make it difficult to trace concealed assets, thereby undermining the amendment's objective.

An anonymous whale address starting with 3NVeX has deposited a total of 8,200 BTC, worth approximately $560 million, to Binance over the past two days, according to Lookonchain. Deposits to exchanges are typically interpreted as a precursor to selling.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $110 million liquidated (75.02% longs) - ETH: $51.29 million liquidated (66.86% longs) - SOL: $12.45 million liquidated (76.06% longs)

Global financial services platform Marex (MRX) disclosed in a 13F-HR filing on Feb. 12 that it held 10,024,103 shares of Bitmine (BMNR) as of the fourth quarter of last year. This represents a 560.05% increase from the 1,518,682 shares it held last November. Bitmine closed at $19.74 on Feb. 12.

Twenty-two Bitcoins held in evidence by Seoul's Gangnam Police Station have been transferred to an external wallet, the Dong-a Ilbo reported exclusively today. The missing cryptocurrency is valued at approximately 2.1 billion won ($1.5 million) at current market prices. An inspection revealed that while the physical cold wallet used for storage was not stolen, its contents had been emptied. The Gyeonggi Bukbu Provincial Police Agency has launched an internal investigation to determine the circumstances of the transfer and assess the possibility of internal involvement.

It has recently come to light that South Korea's Financial Supervisory Service (FSS) issued a no-action letter exempting virtual asset service providers from certain legal obligations when reporting market abuse, Digital Asset reported. The letter, issued on Dec. 1, 2025, states that VASPs will not face penalties under the Credit Information Act for violating notification and disclosure duties when they report suspected unfair trading practices to the Financial Services Commission (FSC) or the FSS, or when they submit data required for an investigation. A no-action letter from the FSS confirms that the agency will not take subsequent legal action against the specified activities, provided they align with the letter's guidance.

JPMorgan has lowered its estimate for the cost of producing one BTC to $77,000, down from $90,000 at the start of the year, The Block reported. In a note to clients, the bank attributed the decline to a simultaneous drop in the network hashrate and mining difficulty. JPMorgan highlighted that mining difficulty has fallen 15% this year, marking the steepest decline since China's mining ban in 2021. Despite the lower cost estimate, the bank maintained its bullish outlook on the crypto market for the year, reaffirming its long-term price target for BTC at $266,000.

A South Korean court has ordered the return of mistakenly transferred cryptocurrency in a ruling that establishes a key precedent for a similar, recent incident at the Bithumb exchange, The Asia Business Daily reported. The Seoul Northern District Court's 11th Civil Division found a recipient liable for unjust enrichment after she refused to return coins mistakenly sent by Bybit. The original mistaken transfer involved cryptocurrency worth 20.2 billion won. In a partial victory for the plaintiff, the court ordered the defendant, identified as Han, to return 1,739,236 Tether (USDT) that had not been recovered. The lawsuit was filed by Bybit against Han and her husband. This verdict is expected to serve as a legal guidepost for the "Bithumb Bitcoin mispayment incident" on Feb. 6. In that case, winners of a random box event who received erroneous Bitcoin payments sold them for cash or used them to purchase other cryptocurrencies. The legal liability of those users is now in question, and the Bybit case is considered a strong indicator due to the structural similarities between the two incidents.

Coinbase CEO Brian Armstrong has reiterated his confidence that a market structure bill can be crafted to advance President Donald Trump's cryptocurrency policies while also addressing the concerns of the banking industry. He stated that Coinbase will push for policies that serve the best interests of crypto investors, noting the company has been working to establish market structure long before the legislation became a mainstream topic. Armstrong confirmed that Coinbase attended both recent White House meetings on the matter. He added that discussions are underway to benefit the crypto industry, the banking sector, and the White House, and that Coinbase will continue to strive for the best outcome, including key investor benefits like stablecoin rewards. The banking sector has expressed concerns that if exchanges or stablecoin issuers offer rewards, it could harm the industry by causing customer fund outflows. While some crypto firms have proposed compromises, Coinbase has rejected these proposals, maintaining its original stance.

The foundation for decentralized infrastructure protocol Pocket Network (POKT) announced it has implemented the first programmable deflation in a Web3 protocol, activating its Shannon v1.31 network upgrade and deflation mechanism (PIP-41). The protocol is now operating at a 2.5% deflation rate, a structure where 2.5% fewer POKT tokens are issued than are burned in every transaction. Chris “Jinx” Jenkins, Managing Director of the Pocket Network Foundation, said the deflationary structure is a permanent economic lever built into the protocol, rather than a one-time burn or manual intervention. He added that governance can adjust the deflation rate per session without modifying the code. Additionally, the Pocket Network Foundation has entered into a strategic partnership with AnChain.AI, an AI-based blockchain compliance firm. To demonstrate the real-world applicability of compliance technology, the two will host a "Compliance Unlocked" hackathon. The event is scheduled to run for four weeks in the first quarter of this year and will feature a total prize pool of 2,000 USDC.

The London Stock Exchange Group (LSEG) announced plans to build an on-chain settlement system for institutional investors. According to Cryptopolitan, the new system is designed to connect traditional financial markets with blockchain networks, enabling large institutions to trade and settle tokenized bonds and stocks while integrated with existing infrastructure. LSEG said it plans to launch the first service within the year but noted that regulatory approval is required.

The CEO of Praetorian Group International (PGI), Ramil Ventura Palafox, has been sentenced to 20 years in prison for orchestrating a $200 million Bitcoin Ponzi scheme, according to the U.S. Attorney's Office for the Eastern District of Virginia. Palafox defrauded investors by promising daily returns of 0.5% to 3% from Bitcoin trading. However, his actual investments resulted in a net loss of $62.69 million, and he used the misappropriated funds to purchase homes, supercars, and luxury goods.

The South Korean government has concluded that the risk of cryptocurrency price volatility spilling over directly into traditional financial markets is limited, The Asia Business Daily reported. However, authorities plan to strengthen market surveillance to prevent market instability from growing, citing incidents that have undermined trust, such as a recent mistaken Bitcoin payment at the South Korean crypto exchange Bithumb. The government also intends to inspect the internal controls of exchanges and push for institutional improvements. The assessment was made during a market situation review meeting attended by Deputy Prime Minister for Economy Gu Yun-cheol, Bank of Korea Governor Rhee Chang-yong, Financial Services Commission Chairman Lee Eog-weon, and Financial Supervisory Service Governor Lee Chan-jin.

Whale Alert reported that 122,365 ETH has been transferred from an unknown wallet to Coinbase. The transaction is valued at about $237 million.

CoinMarketCap's Altcoin Season Index has risen five points from the previous day to 33. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins, against that of Bitcoin. An altcoin season is declared when 75% of these top coins outperform Bitcoin over a 90-day period. A score closer to 100 indicates a stronger altcoin season.

The Crypto Fear & Greed Index, compiled by data provider Alternative, rose four points from yesterday to 9. The market sentiment remains in the "Extreme Fear" phase. The index measures sentiment on a scale from 0, indicating extreme fear, to 100, representing extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

According to crypto options exchange Deribit, Bitcoin options worth $2.5 billion are set to expire at 8:00 a.m. UTC today, Feb. 13. The put/call ratio is 0.72, and the max pain price—the level at which the most option holders would see their contracts expire worthless—is $74,000. At the same time, Ethereum options valued at $420 million will also expire, with a put/call ratio of 0.85 and a max pain price of $2,100.

South Korean crypto exchange Bithumb has announced the temporary suspension of deposits and withdrawals for Rei (REI), citing issues on the Rei Network.