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According to Lookonchain, a wallet address presumed to belong to former Bitfinex founder Garrett Jin just transferred 5,000 BTC to Binance. Jin, a well-known Bitcoin OG also identified by the handle BitcoinOG1011short, previously faced insider trading allegations last October after opening a large short position immediately before a sharp decline in Bitcoin's price.

Figure, a blockchain-based online lending platform, has suffered a data breach following a hacking attack. The hacking group ShinyHunters reportedly stole the data with the help of an insider at the company. After Figure refused to pay a ransom, the group leaked 2.5 GB of customer data on the dark web. The compromised information includes names, addresses, dates of birth, and phone numbers. Figure has acknowledged the security breach and is said to have notified the affected individuals.

Whale Alert reported that 5,000 BTC has been transferred from an unknown wallet to Binance. The transaction is valued at about $349 million.

Bitcoin has recovered to the $70,000 level amid growing expectations for a U.S. Federal Reserve interest rate cut, CoinDesk reported. The media outlet noted that after a sharp drop to around $60,000 earlier this month, BTC has risen approximately 5% over the past 24 hours to trade above $70,000. This rebound is attributed to a lower-than-expected January Consumer Price Index (CPI), which has fueled speculation about a potential rate cut. CoinDesk also highlighted that prediction markets like Kalshi and Polymarket are showing a significant increase in the probability of a rate cut in April.

According to CoinNess market monitoring, BTC has risen above $70,000. BTC is trading at $70,000 on the Binance USDT market.

Prominent Bitcoin market analyst PlanB has stated that the current Bitcoin price is more closely following mining difficulty than the established Power Law or Stock-to-Flow (S2F) models. The Power Law model posits that Bitcoin's price volatility decreases over time while trending upward, while the Stock-to-Flow model predicts price based on supply scarcity driven by halving events.

Nikita Bier, Head of Product at X, said he genuinely hopes to see cryptocurrency spread within the X service but opposes any in-app reward system that would generate spam and harass users. X previously announced plans to introduce a smart cashtag feature in the coming weeks, allowing users to trade cryptocurrencies, stocks, and other assets directly from their timelines.

On Feb. 13, Ark Invest purchased approximately 92,800 shares of Coinbase stock, valued at around $15.2 million, through three of its ETFs: ARKK, ARKW, and ARKF. The move comes just days after the firm sold $39 million worth of its Coinbase holdings.

X plans to launch several new features within a few weeks, according to a media outlet. This reportedly includes a "Smart Cashtags" function that will allow users to trade stocks and cryptocurrencies directly from their timelines in real-time.

A wallet presumed to belong to Nasdaq-listed company Alt5 Sigma transferred an additional 75.8 million WLFI, worth $8.02 million, to World Liberty Financial about 12 hours ago, Lookonchain reported. Alt5 Sigma has close ties with World Liberty Financial, a DeFi project led by the Trump family. The company had previously announced it would purchase approximately 7.5% of the total WLFI supply.

An analysis from crypto on-chain analytics platform Santiment suggests that the memecoin market has bottomed out and may be poised for a rebound. Santiment noted that the total market capitalization of memecoins has decreased by 34% over the past 30 days to $31.02 billion. The platform views widespread discussion about the end of the memecoin era as a typical sign of capitulation. According to Santiment, the ideal time to take an interest in a particular sector is precisely when the general public has abandoned it. The firm added that the prevalence of bearish opinions over bullish ones on social media could also be a signal that a market rebound is starting.

BTC perp long/short ratios on top exchanges by open interest 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: 50.55% long, 49.45% short - Binance: 51.19% long, 48.81% short - OKX: 50.07% long, 49.93% short - Bybit: 50.63% long, 49.37% short

Anthony Pompliano, founder of crypto investment firm Pomp Investments, said that while Bitcoin's price may see temporary volatility as inflation slows, it is ultimately poised to rise. In an interview with Fox Business, he advised that investors must consider whether they can continue holding BTC in an environment where inflation is not soaring as it has in the past, stressing that the key is to believe in Bitcoin's core value of a limited supply. Pompliano argued that while U.S. inflationary pressure is easing in the short term, the Federal Reserve will continue to expand the money supply to maintain its target inflation level. This, he explained, will further devalue the dollar and make Bitcoin a more valuable asset.

Bitcoin has not yet entered a capitulation phase, with a potential market bottom forming around the $55,000 level, according to an analysis by CryptoQuant reported by The Block. CryptoQuant noted that historically, the realized price has served as a major price support and a likely indicator of a bear market bottom. Bitcoin is currently trading more than 25% above this level. For comparison, the price of BTC fell 24% below its realized price after the collapse of FTX and more than 30% below it in 2018. The subsequent bottoming process took an average of four to six months. The analysis also highlighted that the current monthly realized loss for BTC is around 300,000 BTC, significantly less than the 1.1 million BTC seen during the 2022 bear market, suggesting a structural bottom has not been reached. Other metrics also point to the absence of capitulation, including: - The Market Value to Realized Value (MVRV) ratio has not yet entered the extreme undervaluation zone. - The Net Unrealized Profit/Loss (NUPL) has not reached the lows of past cycles. - Long-term holders continue to sell. - The proportion of BTC in a state of profit remains higher than at previous market bottoms.

U.S. spot Ethereum ETFs recorded a net inflow of $10.21 million on Feb. 13, according to data compiled by Trader T. The figure marks a return to net inflows after two consecutive trading days of net outflows. - BlackRock ETHA: -$9.34 million - Fidelity FETH: +$2.04 million - VanEck ETHV: +$3 million - Grayscale Mini ETH: +$14.51 million

U.S. spot Bitcoin ETFs recorded a total net inflow of $15.19 million on Feb. 13, reversing two consecutive days of net outflows, according to data compiled by Trader T. - BlackRock IBIT: -$9.38 million - Fidelity FBTC: +$11.99 million - VanEck HODL: +$1.95 million - WisdomTree BTCW: +$3.64 million - Grayscale Mini BTC: +$6.99 million

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $116 million liquidated (91.9% shorts) - ETH: $66.17 million liquidated (83.13% shorts) - SOL: $16.74 million liquidated (93.3% shorts)

The Dutch House of Representatives has passed a bill to impose a 36% capital gains tax on savings and most liquid assets, Cointelegraph reported. According to the legislation, all profits from savings accounts, cryptocurrencies, most stock investments, and interest-bearing financial products will be subject to the tax. The levy will also apply to unrealized gains, even if the assets have not been sold. Certain items, such as shares in qualifying startups and non-investment physical assets, are exempt. The bill must now pass the Senate and be signed by the Dutch King to become law.

Asset manager Apollo Global Management, which has $900 billion in assets under management, has formed a strategic partnership with DeFi lending protocol Morpho (MORPHO), Aggr News reported. The two parties have agreed to a deal for Apollo to purchase up to 90 million MORPHO over the next four years. They also plan to continue collaborating in the on-chain lending sector. According to CoinMarketCap, MORPHO is currently trading at $1.25, up 13.89%.

The Altcoin Season Index from crypto data provider CoinMarketCap has fallen three points from yesterday to 30. The index measures market sentiment by comparing the performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens, against Bitcoin over the past 90 days. An altcoin season is declared when 75% of these coins outperform Bitcoin during that period, with a reading closer to 100 indicating stronger altcoin performance. Conversely, a low score suggests a Bitcoin season.

Russia's central bank plans to launch a study to re-examine the possibility of issuing a national stablecoin, according to Russian state news agency TASS. Vladimir Chistyukhin, First Deputy Governor of the Bank of Russia, said the bank will conduct research this year to assess the necessity and potential risks of introducing a stablecoin. He added that while the bank's previous stance was not to permit them, it now plans to review the risks and prospects by looking at international examples before holding public discussions.

Bithumb announced that it has temporarily suspended Tether (USDT) withdrawals via the Kaia network, effective 12:20 a.m. UTC today, for wallet system maintenance.

The 'Fear & Greed Index' from crypto data provider Alternative registered a 9, unchanged from yesterday. This indicates that the "Extreme Fear" phase is ongoing. The index measures market sentiment on a scale of 0 to 100, where 0 signifies extreme fear and 100 represents extreme optimism. The index is calculated based on factors including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Ki Young Ju, CEO of CryptoQuant, highlighted issues with South Korea's management of seized crypto assets by comparing its record with that of the United States. On X, he stated that while the U.S. government has lost none of the 198,000 BTC it has seized to date, the South Korean government has lost 1,742 of the 2,333 BTC it confiscated. He added that someone must have accessed the private keys to steal the funds during the investigation, questioning who the perpetrator might be.

Grayscale has filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) to launch a spot AAVE ETF. AAVE is currently trading at $119.52, up 5.06%, according to CoinMarketCap.