Gate Insights and Crypto Market Analysis

Writing by: Dingdang (@XiaMiPP) At the start of 2026, it delivered a heavy blow to DAT (Digital Asset Treasury) companies. BTC has retreated from its 2025 peak of 120,000 USD to around 60,000 USD, a nearly 50% decline. ETH has also not been spared, falling below the 2000 USD mark, almost erasing all gains since May 2025. This was precisely the time when a group of DAT companies, represented by SharpLink and Bitmine, announced strategic transformations and heavily allocated in crypto assets. What does this mean? It means that those listed companies or institutions that once regarded BTC and ETH as "corporate strategic reserves" are now collectively caught in a mire of unrealized losses, with paper losses often reaching hundreds of millions or even billions of dollars. Leading players like Strategy

Tether USA₮ CEO Bo Hines stated at the New York Bitcoin Investors Weekly Conference that driven by the demand for USDT and the newly launched USAT, Tether is expected to become one of the top ten buyers of U.S. Treasury bonds this year. The circulating value of USDT is approximately $185 billion, with 83.11% of reserves in U.S. Treasuries valued at over $122 billion, surpassing Germany to rank among the top 20 foreign holders.

The volatility in the crypto market is heavily impacting Coinbase's stock, which has fallen 34% this year. Analysts are concerned about competition as other exchanges prepare for public listings, and recent changes in how Coinbase handles analyst questions may indicate underlying issues.

Chicago-based cryptocurrency liquidity provider and lending institution BlockFills paused customer deposits and withdrawals last week and is currently working to restore platform liquidity. The company has over 2,000 institutional clients, with trading volume expected to exceed $61.1 billion in 2025. Despite the suspension of withdrawals, customers can still open and close positions in spot and derivatives trading.

Robinhood has launched a public testnet for Robinhood Chain, its upcoming Ethereum layer-2 network designed to bring tokenized real-world and digital assets onto the blockchain. The testnet is now open to developers and offers access points, documentation, and compatibility with standard Ethereum de

The UK's Financial Conduct Authority (FCA) has initiated legal action against HTX for illegally promoting crypto services to consumers, violating marketing regulations. Despite blocking new users, current users still access the alleged violating content. FCA is enhancing crypto oversight ahead of a comprehensive legal framework by 2027.

The January 2026 US jobs report delivered 130,000 new positions—nearly double consensus estimates—while unemployment unexpectedly fell to 4.3%. For Bitcoin, this was not merely a data miss relative to dovish hopes; it signaled the removal of the market’s primary near-term catalyst. The repricing of Federal Reserve rate cut probabilities sent the 10-year Treasury yield toward 4.2%, tightening financial conditions precisely when crypto markets had begun stabilizing near \$70,000. More sign

Pi Network price hits a historic low of $0.132, a 95.6% drop from $3 a year ago. PiScan data shows that 59.4 million tokens will be unlocked over the next three days, far exceeding the average of 8.5 million per month. On February 12, 18.9 million tokens will be unlocked; on February 13, a record 23.6 million will be unlocked; and on February 14, 16.9 million will be unlocked.

Aviva Investors is partnering with Ripple to launch tokenized fund structures on the XRP Ledger, signaling a decisive move by the European asset manager to bring regulated financial products onto blockchain infrastructure at institutional scale. Ripple and Aviva Investors Advance Tokenized Funds o

Ripple announces a partnership with UK asset management giant Aviva Investors to bring tokenized assets into traditional fund structures. Aviva Investors will use fast, secure, energy-efficient, and low-cost blockchain transactions on XRPL to issue and manage tokenized funds. This is Ripple's first collaboration with a European investment management company, building on its extensive experience working with financial institutions in other regions.

Berachain’s BERA token surged more than 150% on February 11, 2026, marking its strongest single-day rally in months. The explosion followed a strategic pivot to revenue-generating applications, the expiration of a \$25 million investor refund clause, and a short squeeze fueled by oversold conditions. We break down the catalysts, revisit Berachain’s unique Proof-of-Liquidity architecture, and assess whether this breakout can be sustained.

TAO, RENDER, VIRTUAL, NEAR, and ZBT are trading at the levels of strong supports indicating the chances of accumulation. Technical positioning indicates that analysts predict a rise of 200-300% in three

Berachain's native token BERA surged over 150% on February 11, marking the largest single-day increase in months. The foundation announced the "Bera Build Enterprise" strategy, supporting 3 to 5 revenue-generating applications, shifting from token incentives to cash flow-driven models. The large-scale token unlock did not trigger a sell-off but instead triggered a short squeeze. The liquidation heatmap shows a concentration of large short positions above key resistance levels.

Summary: Cora, Techub News TinTinLand Greed Index: 8 (Extremely Greedy) Bitcoin Price: $67,564 BTC/ETH Spot ETF Capital Flows (2.11) BTC Net Outflow: $110.30 M ETH Net Outflow: $32.65 M Hong Kong BTC/ETH Spot ETF Capital Flows (2.11) BTC Net Subscriptions: 9.84 BTC ETH Net Subscriptions/Redemptions: 0 ETH Hong Kong Securities and Futures Commission Releases New Guidelines Permitting Licensed Virtual Asset Brokers to Offer Margin Financing and Perpetual Contract Products The SFC officially issued new guidelines today, allowing licensed brokers approved to provide virtual asset trading services to offer virtual asset financing to securities margin clients, provided they have sufficient collateral.

Bitcoin (BTC) has once again weakened and declined, currently around $67,570 as of February 12. The US non-farm payrolls added 130,000 jobs in January, exceeding expectations and suppressing rate cut expectations. BlackRock will purchase an undisclosed amount of Uniswap tokens UNI. MicroStrategy CEO stated that the company will issue more perpetual preferred shares to alleviate investors' concerns about the stock price.

Humanity Protocol, a blockchain identity infrastructure firm, has integrated with Fireblocks, an institutional digital asset infrastructure entity. The partnership marks a key effort to unveil institutional-level treasury and custody access to Humanity Protocol’s Mainnet. As Humanity Protocol

Sam Bankman-Fried claims to have new evidence proving that the U.S. Department of Justice, under the leadership of former President Biden, silenced key witnesses in his fraud case and is pushing for a retrial. He attached a court document link seeking a retrial under Federal Rule of Criminal Procedure 33. The motion cites a statement from former FTX employee Daniel Chapsky, who said that his lawyer "strongly advised" him not to testify due to the risk of "media attacks and possible retaliation from the prosecution."

Bitcoin fell to $65,800 on Wednesday, failing multiple times to hold above $70,000. The Bitcoin futures liquidity heatmap shows a liquidity gap between $66,000 and $60,500, which may act as a magnetic pull causing the price to pass through quickly. Leveraged long positions worth over $350 million are concentrated around $60,500 awaiting liquidation. The RSI below 50 indicates limited buying pressure.

Binance and Franklin Templeton have launched an institutional margin program using tokenized money market fund shares on the BENJI platform, enhancing asset management and reducing the need for traditional banking transactions. This first product from their partnership signals a significant step in tokenizing traditional assets within the crypto market, allowing faster and more flexible ownership transfer while maintaining fund value.