Hyperliquid's On-Chain Trading Volume Nearly Doubles Coinbase's at $2.6 Trillion, According to Ar...
According to Artemis data, the on-chain trading platform Hyperliquid has surpassed Coinbase in trading volume, achieving $2.6 trillion compared to Coinbase's $1.4 trillion. This marks nearly twice the notional volume of Coinbase. Additionally, Hyperliquid's year-to-date price performance shows a sharp increase.
Binance announced it will delist 20 margin trading pairs, including both cross margin and isolated margin types, against Bitcoin. The affected pairs include QNT/BTC, GRT/BTC, and IOTA/BTC among others. The delisting is scheduled for 6:00 a.m. UTC on February 13.
[IMPORTANT] Fintechs Advocate for Fed Payment Account Access Amid Crypto and Banking Industry Pus...
Fintech groups are urging the Federal Reserve to implement a limited-purpose payment account for non-bank financial firms to access U.S. payment rails directly, aiming to enhance competition and innovation. Banks, however, warn this could increase financial risks, citing concerns over depositor protection, stability, and potential misuse by stablecoin issuers and crypto-linked firms. The debate highlights tensions around regulatory frameworks and whether the Fed will adjust how non-bank fintechs and crypto companies participate in the payment ecosystem.
Forbes Reports Binance Holds Around 87% of Circulating USD1 Stablecoin Supply
According to blockchain analysis by Arkham Intel, Binance holds approximately 87% of the circulating USD1 stablecoin supply, equating to about $4.7 billion out of a $5.4 billion total. Binance responded by stating that large exchanges commonly hold significant amounts of certain tokens, and denied any connection between CZ's pardon and USD1 promotion. World Liberty Financial and White House officials also dismissed claims of undue influence or conflicts of interest.
Base App Shifts Focus to Tradable Assets, Ends Creator Rewards and Discussion Feed
Base App will remove its 'Discussion' feed to concentrate solely on tradable assets, replacing it with an on-chain activity feed. The platform will terminate its 'Creator Rewards Program,' which has rewarded over 17,000 creators with $450,000 in the past six months. The program ends February 15, with final settlements completed by February 18, and new community reward methods will be announced later.
[IMPORTANT] Astra Nova Team Moves $6.6M in RVV Tokens Amid Binance Delisting
Following Binance's decision to delist RVV/USDT perpetual futures, Astra Nova team transferred 5.354 billion RVV tokens worth $6.6 million over four days. Around 354 million RVV were deposited into exchanges such as Bitget, KuCoin, and MEXC, with a large portion likely to follow soon. RVV's price has fallen approximately 59% since the delisting announcement.
[IMPORTANT] South Korean Prosecutors Challenge Court Decision on $5.1M Crypto Manipulation Case
South Korean prosecutors have appealed a court ruling that partially acquitted defendants accused of generating $5.1 million in illicit gains by manipulating a cryptocurrency's price. The case, the first under South Korea's Virtual Asset User Protection Act, involves allegations of trading volume inflation and wash trading. Prosecutors argue the lower court misinterpreted the law and facts, seeking a revised judgment.
[IMPORTANT] Astra Project Transfers Over Half of RVV Supply Amid Binance Delisting, Triggering 59...
The Astra project has transferred 5.354 billion RVV tokens, representing 53.54% of the total supply, in the last four days following Binance's delisting announcement of the RVV/USDT perpetual contract. Since the announcement, RVV's price has plummeted 59%, dropping from $0.0027 to $0.0011. Significant portions of RVV were moved to exchanges such as Bitget, KuCoin, and MEXC, raising concerns following the project's earlier reported hack involving 860 million RVV.
Crypto Market Sees Modest Rebound: BTC Above $70K, ETH Surges Over 3%
The cryptocurrency market experienced a modest rebound after consecutive declines, with Bitcoin stabilizing above the $70,000 mark and Ethereum rising over 3% to surpass $2100. The GameFi sector showed notable strength, led by Axie Infinity's significant 16.31% gain. Other sectors including PayFi, Meme, Layer1, and Layer2 also posted gains, suggesting a broad-based positive momentum in the market.
Bitmine recently withdrew 20,000 ETH, equivalent to $42.3 million, from BitGo, as reported by Lookonchain. This follows a prior withdrawal of 20,000 ETH from FalconX. The movements indicate significant ETH outflows from institutional custody providers.
Spot Ethereum ETF Investors Face Losses with Average Purchase Cost at $3,500 Amid Price Drop to $...
Nate Geraci, President of The ETF Store, revealed that buyers of spot Ethereum ETFs have an average cost basis of $3,500 per ETH. Despite this, Ethereum's current price has declined to $2,100, reflecting weak performance over the last six months. This disparity highlights the challenges faced by Ethereum investors in the ETF market amid prevailing bearish trends.
[IMPORTANT] White House Advisors Predict Passage of Crypto Market Structure Bill by Late May
White House advisor Patrick McHenry and former House Financial Services Committee Chairman Patrick Witt expect a comprehensive crypto market structure bill could pass and be sent to the President before May 25. Key disagreements remain around stablecoin yields, especially whether centralized exchanges can pay interest on idle stablecoin holdings, while consensus has been reached on banning false advertising. The bill emphasizes decentralized finance (DeFi) as central to cryptocurrency’s efficiency and transparency, with possible Senate action before the Easter recess in April.
[IMPORTANT] Bitcoin Fear & Greed Index Hits Record Low Amid Bearish Technical Indicators Suggesti...
The Bitcoin Fear & Greed Index has plummeted to an all-time low of five, signaling extreme market fear reminiscent of past major lows in 2018 and 2020. Despite this, key technical indicators such as BTC’s Relative Strength Index (RSI), and its position below the 50-day and 200-day moving averages, coupled with ongoing selling pressure measured by the BTC-gold Z-score, warn of potential further declines. Analysts caution that while extreme fear can signal a bottom, bearish trends in futures markets and dominant selling pressure suggest the downside risk remains significant.
Danal Fintech and Sahara AI Partner to Innovate Stablecoin and Payment Solutions
Danal Fintech has signed a memorandum of understanding with Sahara AI, focusing on collaboration in stablecoin, payments, and finance. The two companies aim to combine Danal's payment and settlement infrastructure with Sahara AI's decentralized AI and blockchain technologies. This partnership intends to develop next-generation digital financial services, including integrating payments into AI-powered agents.
Vitalik Buterin Emphasizes Safe AI Integration with Ethereum as Economic Layer
Vitalik Buterin discusses the convergence of Ethereum and AI, promoting a human-centric and safe approach to AI development. He highlights building privacy-preserving AI tools and positioning Ethereum as the economic infrastructure for AI coordination and trust. His vision includes using AI to enhance decentralized governance and prediction markets while avoiding risky rapid AGI acceleration.
Market Signals Low Probability for Backpack Token’s $1 Billion Valuation at Launch
Trading data from Polymarket suggests only a 26% chance that Backpack's token will reach a fully diluted valuation (FDV) of $1 billion on its first day. This low probability reflects market skepticism regarding recent rumors of Backpack aiming to raise $50 million at a $1 billion valuation. The data indicates cautious investor sentiment and lack of strong endorsement for the token's initial market value.
Backpack Targets $50 Million Funding at $1 Billion Valuation
Backpack is reportedly negotiating a $50 million funding round with a valuation reaching $1 billion. The information comes from informed sources cited by Axios. This potential investment round positions Backpack as a notable startup likely within the blockchain or crypto-adjacent ecosystem.
Jump Trading to Gain Equity Stakes in Kalshi and Polymarket for Providing Liquidity, Sources Reveal
Jump Trading is reportedly negotiating to receive small equity stakes in the prediction market platforms Kalshi and Polymarket. The arrangement involves Jump offering liquidity in exchange for ownership, with Kalshi's deal including a fixed equity percentage. These stakes link liquidity provision to platform ownership, reflecting growing institutional involvement in crypto prediction markets.
SEC Commissioner Mark T. Uyeda Highlights Progress in Treasury Clearing Rules and Securities Mark...
SEC Commissioner Mark T. Uyeda spoke at the 2026 Asset Management Derivatives Forum about the progress in implementing treasury clearing rules and the development of tokenization in securities markets. The SEC has approved the registration of two new clearing agencies, CME Securities Clearing and ICE Clear Credit, to provide more clearing options for market participants. The Office of Financial Research data indicate significant impacts if these rules are fully implemented.
U.S. Stock Market Gains Boost Crypto Sector; Circle (CRCL) Leads with 5.36% Increase
The U.S. stock market closed higher with the Dow Jones, S&P 500, and Nasdaq all showing gains. The crypto sector also recorded notable advances with Circle up 5.36%, Bitmine 4.79%, and MicroStrategy 2.60%, while Solana declined by 3.65%. Msx.com, a decentralized RWA trading platform covering U.S. stocks and ETFs, was referenced as the data source.