Live Feed

The recent downturn in the cryptocurrency market is a process of deleveraging rather than a systemic failure, according to a new report from Galaxy Digital. Steve Kurz, the firm's head of asset management, wrote that cryptocurrency is evolving beyond a simple asset class into a core component of financial infrastructure. While the market is currently in a cycle of reduced liquidity and leverage, Kurz noted the situation is different from 2022 when structural vulnerabilities were exposed. He explained that the proliferation of stablecoins, tokenization, and blockchain-based payment networks is turning cryptocurrency into financial rails, with Bitcoin in particular acting as a leading indicator for macroeconomic risks and competing with other global assets. Looking ahead, Kurz expects the market to consolidate and trade sideways before rising again, rather than experiencing a sharp V-shaped recovery. He added that institutional capital inflows and an increase in on-chain activity will provide a strong foundation for long-term price appreciation.

Retail investors have shown a tendency to buy during cryptocurrency price declines, Coinbase CEO Brian Armstrong said on X. He noted that according to Coinbase's internal data, retail investors have consistently purchased BTC and ETH when their prices fall, with trading volume confirmed to increase as prices drop. Armstrong added that most users' asset holdings in February were either the same as or greater than their holdings in December.

Hong Kong authorities have unveiled a regulatory framework allowing cryptocurrency exchanges to offer perpetual futures products, CoinDesk reported from the Consensus Hong Kong 2026 conference. These offerings will be available exclusively to professional investors and will require specific disclosures and internal risk management systems. Separately, the Hong Kong Securities and Futures Commission (SFC) also released guidelines permitting licensed brokers to offer crypto margin products collateralized by BTC and ETH. In addition, the Hong Kong Monetary Authority (HKMA) plans to issue its first stablecoin issuance license in March.

MicroStrategy (MSTR) announced on its official X account that it can fully repay its $6 billion debt even if Bitcoin's price falls to $8,000. The company explained that it holds approximately $49.3 billion in BTC, valued at a price of $69,000 per coin, and has structured its loans with maturities extending to 2032 to prevent immediate liquidation risks. MicroStrategy CEO Phong Le noted that any potential drop to $8,000 would likely occur over several years, providing ample time to respond through restructuring or raising additional capital. However, some in the industry view MicroStrategy's statement as only partially true. BeInCrypto reported that financial pressure on MSTR would intensify sharply if BTC falls below $8,000. The outlet suggested that a drop to the $7,000 level could trigger calls for additional collateral or partial repayments, while a price below $6,000 would place the company in a state of practical bankruptcy. A fall below $5,000 could potentially trigger a cascading sell-off across the entire market. Separately, MicroStrategy founder Michael Saylor mentioned that the company plans to convert its convertible notes into stock within the next three to six years.

According to CoinNess market monitoring, BTC has fallen below $69,000. BTC is trading at $68,966.53 on the Binance USDT market.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

We provide real-time cryptocurrency updates around the clock from 10:00 p.m. UTC on Sunday through 3:00 p.m. UTC on Saturday. Outside these hours, coverage is limited to critical market-moving developments.

Ethereum founder Vitalik Buterin pointed out on social media that prediction markets are over-converging on marketability in an unhealthy manner, often embracing topics with no social information value. He argued that participants should evolve beyond being naive traders, who bet based on misinformation, or simple information buyers. Instead, they should become "hedgers" who use these markets to reduce their own risk. As an example, Buterin explained that an individual holding biotech stocks could hedge by betting on the victory of a political party whose policies are unfavorable to the industry. Furthermore, Buterin proposed a future system where price indices are created for all major goods and services. Prediction markets would be opened for each category, and a local LLM would analyze a user's personal spending patterns. This AI would then suggest a personalized basket of prediction market shares equivalent to the user's expected future spending, a development he suggested could ultimately eliminate the need for fiat currency.

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)