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An address presumed to belong to BitMEX founder Arthur Hayes purchased an additional 20,274 HYPE ($603,000) five hours ago, according to Onchain Lens. The wallet now holds 189,195 HYPE, valued at $5.79 million.

Thailand's Securities and Exchange Commission (SEC) has recognized cryptocurrencies as an underlying asset for derivatives, Decrypt reported. The Thai Cabinet has approved an amendment to the country's derivatives law to this effect.

X's proprietary payment app, X Money, is set to launch in beta for a small group of users within the next two months, Cointelegraph reported. The app will likely prioritize fiat-based payments through a partnership with Visa, while support for cryptocurrency payments has not yet been confirmed.

Strategy is issuing additional perpetual preferred stock to fund its Bitcoin purchases. In an interview with Bloomberg, CEO Phong Le explained that the product is aimed at investors seeking exposure to digital assets with less volatility. The preferred stock, called 'Stretch,' features a variable dividend rate of 11.25% and monthly interest rate adjustments designed to keep its price near the par value of $100. To date, however, preferred stock has been a minor fundraising tool for the company. Over the past three weeks, Strategy issued approximately $370 million in common stock and $7 million in perpetual preferred stock to buy Bitcoin, bringing its total holdings to over 714,000 BTC (worth about $48 billion). The company's previous model of issuing stock to buy Bitcoin has stalled as the cryptocurrency's price has fallen roughly 50% from its peak, causing Strategy's common stock to decline as well. Co-founder Michael Saylor has dismissed any possibility of selling Bitcoin, stating that the company plans to continue making purchases every quarter.

The net worth of Tesla CEO Elon Musk is greater than the combined market capitalization of all altcoins, according to data from DropsTab. Citing Forbes figures from Feb. 11, Musk's net worth stands at $854.9 billion, surpassing the total altcoin market cap of $814.5 billion. For comparison, Ethereum's market cap is $235 billion, approximately 3.6 times smaller than Musk's wealth. Other major altcoins by market cap include XRP ($83.1 billion), BNB ($80.5 billion), SOL ($45.9 billion), and TRON ($25.9 billion).

OKX has announced it will list the CC/USDT spot trading pair at 10:00 a.m. UTC today.

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: $196 million liquidated (58.33% longs) - ETH: $140 million liquidated (73.31% longs) - SOL: $20.44 million liquidated (82.79% longs)

The Bitcoin network saw $3.2 billion in realized losses last week, an all-time high, CoinDesk reported. This figure surpasses the $2.7 billion in losses recorded during the Terra-Luna collapse in 2022. Checkonchain described the event as a classic capitulation.

The UK Treasury has selected HSBC's digital asset platform, Orion, to handle the pilot issuance, distribution, and settlement of digital gilts (DIGIT), Bloomberg reported. The Treasury announced last October that it planned to issue the digital gilts in a test environment managed by the Financial Conduct Authority (FCA).

Eric Trump, the second son of U.S. President Donald Trump, has reportedly described South Korea's ongoing debate over limiting major shareholder stakes in cryptocurrency exchanges as "unimaginable in the United States." Money Today Broadcasting (MTN) reported the comments, citing Min Byoung-dug, a lawmaker with the ruling Democratic Party, who attended a dinner with Trump in Seoul on Feb. 9. According to Min, the topic of ownership limits came up during the dinner. He said Trump reacted with disbelief, questioning how such restrictions could be imposed and noting that it is not something done in the U.S., conveying that he found the idea nonsensical.

Cardano (ADA) founder Charles Hoskinson has announced a deal to integrate LayerZero's interoperability technology into the Cardano ecosystem. He made the announcement during a keynote speech at Consensus Hong Kong 2026, CoinDesk reported. Hoskinson also revealed that the mainnet for Midnight, a privacy-focused blockchain, is set to launch at the end of this March.

A wallet presumed to belong to Galaxy Digital deposited 200,000 SOL, worth $16 million, to Binance, OKX, and Bybit approximately five hours ago, Lookonchain reported. Deposits to exchanges are typically a precursor to selling.

Decentralized perpetual futures exchange Lighter announced via X that it has become the first platform to support perpetual futures trading based on South Korean stocks. The available assets include stocks for Samsung Electronics, SK Hynix, and Hyundai, as well as the KOSPI index, with up to 10x leverage offered.

Binance founder Changpeng Zhao (CZ) has revealed the reasons behind his departure from OKCoin (now OKX) between 2014 and 2015, which led to the creation of Binance. Wu Blockchain reported that in an All-In Podcast YouTube video on Feb. 10, CZ stated there were cultural disagreements over the exchange's operating methods during his time there. He explained that he could not agree with a structure in which fee discounts were advertised but only applied if users made individual requests, prompting him to leave the company in early 2015. CZ added that he saw an opportunity in the market vacuum immediately following the bankruptcy of Mt. Gox. He and his colleagues began developing a Bitcoin exchange in Tokyo, Japan. In this new venture, CZ took on the role of CEO, held a larger equity stake, was responsible for fundraising, and paid employee salaries from his personal funds. This project, he explained, eventually grew into the global exchange Binance.

An address associated with the Alameda Research bankruptcy liquidation swapped 129 million STG for 11.142 million ZRO approximately three hours ago, according to EmberCN. The swapped tokens, worth $24.29 million, represent 12.9% of the total STG supply. Alameda Research was an early investor in Stargate and acquired the tokens after they were unlocked.

Ki Young Ju, founder of CryptoQuant, explained on his social media that while overall crypto spot trading volume is decreasing, South Korean exchanges still account for a 9.54% market share. He argued that this is not a case of South Koreans leaving crypto, but rather a worldwide trend. "South Koreans love to gamble," he added. "Don't underestimate this country."

Digital Currency Group (DCG) CEO Barry Silbert has predicted that 5-10% of the capital in Bitcoin will move to privacy coins over the next few years. According to The Block, Silbert spoke at Bitcoin Investor Week in New York, stating that while he agrees Bitcoin is a core component of a diversified portfolio, he personally prefers to invest in innovative projects with the potential for 100- or 1,000-fold returns. He suggested that unless the U.S. dollar completely collapses, Bitcoin is unlikely to appreciate 500 times, whereas he sees such potential in assets like ZEC and TAO. Silbert also expressed skepticism that privacy features will be integrated into Bitcoin in the future.

According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,047.07 on the Binance USDT market.

Bo Hines, CEO of Tether USAT and former chairman of the U.S. President's Council of Advisors for Digital Assets, stated that Tether is on track to become one of the top 10 holders of U.S. Treasurys this year. According to The Block, Hines said the company plans to significantly expand its purchases of U.S. Treasurys, driven by growing demand for USDT and USAT. This expansion, he noted, would place Tether's holdings among the world's top 10 by the end of the year. He added that Tether currently holds $122 billion in U.S. Treasurys, already ranking it within the top 20. USAT is a stablecoin that complies with the U.S. dollar stablecoin regulation act (GENIUS).

Even with clear regulations, the cryptocurrency market cannot solve its liquidity shortage without a supporting financial infrastructure to supply capital, argued Harpal Sandhu, CEO of Web3 accounting platform Integral. In an op-ed for Cointelegraph, Sandhu pointed out that during a large-scale forced liquidation event on Oct. 10 last year, liquidity rapidly evaporated, leaving sellers unable to find buyers. He explained that in a market lacking a sustainable and transparent credit mechanism, capital quickly exits during periods of high volatility, which further amplifies price declines. Sandhu asserted that this stems from a structural liquidity problem, not just a simple erosion of trust. To address this, he claimed that it is necessary to build a robust and broad crypto prime brokerage infrastructure capable of supplying credit.

South Korean financial authorities failed to detect a critical system vulnerability at the Bithumb crypto exchange despite conducting six inspections over the past five years, IT Chosun reported. The oversight led to a recent large-scale erroneous payment incident. According to the office of People Power Party lawmaker Kang Min-guk, South Korea’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) each examined the exchange three times between 2021 and 2025. However, they did not identify the system's susceptibility to incorrect data entry, cited as the primary cause of the incident. During an emergency hearing of the National Policy Committee yesterday, Kang stated that the situation starkly reveals the shortcomings of the authorities' lax supervision and lack of regulation.

Naveen Mallela, global co-head of JPMorgan's proprietary tokenization platform Kinexys, has departed the firm, Bloomberg reported.

CoinMarketCap's Altcoin Season Index has risen one point from yesterday to 28. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An "altcoin season" is declared when 75% of these top coins have outperformed Bitcoin over the past 90 days; otherwise, it is considered a "Bitcoin season." A score closer to 100 indicates a stronger altcoin season.

U.S. SEC Chairman Paul Atkins has identified clarifying cryptocurrency regulations as one of his top priorities for the year. He stated on X that through Project Crypto, a policy initiative to promote cryptocurrency, the SEC will work with the Commodity Futures Trading Commission (CFTC) to provide regulatory clarity for investors. Other priorities he listed include combating fraud, protecting investors, and simplifying disclosure requirements.

Whale Alert reported that 354,947,658 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $355 million.