Last night's and this morning's important news 📑

1️⃣ Bitcoin current market and institutional opinions diverge
Bitcoin is currently trading at $70,273, up 2.13% in 24 hours, with a market cap of $1.40 trillion; market sentiment is in extreme fear (Fear Index 9/100). Institutional opinions vary significantly—F2Pool founder says smart money is buying, while the prediction market shows traders expect a high probability of a drop to $55,000.
2️⃣ X product head: X is not responsible for executing trades or acting as a broker
Nikita Bier, head of X products, stated that despite reports that X will launch a Smart Cashtags feature for crypto assets, X only provides financial data tools and trading links, and is not responsible for executing trades or acting as a broker.
3️⃣ Bitcoin spot-futures premium drops, neutral zone risk appetite decreases
CryptoQuant analyst Axel Adler Jr. said that the 7-day moving average of BTC spot and futures premium (BTC Basis) has returned to the neutral zone, indicating reduced demand from derivatives longs, decreased market risk appetite, and possible deleveraging or cautious stance; longs need more spot buying support to push prices higher.
4️⃣ USDC circulation increased by 2.6 billion in one week, reaching 731 billion
In the past 7 days ending February 12, USDC circulation grew by approximately 2.6 billion, with Circle issuing 8.4 billion and repurchasing 5.8 billion. Currently, USDC total circulation is 731 billion, with reserves of $73.4 billion, mainly including overnight reverse repos of $42.9 billion and Treasury bills within 3 months worth $19.8 billion.
5️⃣ Global markets to face “data bombardment” week, Fed minutes and PCE focus
Next week, global markets will see intensive data and events: the Federal Reserve will release the January monetary policy meeting minutes at 03:00 Thursday, and on Friday at 21:30, the US Q4 GDP preliminary estimate and core PCE price index (Fed’s preferred inflation indicator). Additionally, several central banks will have important updates, the US Supreme Court will rule on Trump tariffs-related cases, and Walmart will announce Q4 earnings.
6️⃣ ARK Invest increased Coinbase holdings by about $15 million this Friday
ARK Invest added approximately $15.2 million worth of Coinbase stock on Friday, reversing early-month reductions, with purchases spread across ARKK, ARKW, and ARKF active ETFs. Previously, ARK had been reducing Coinbase holdings while increasing positions in digital asset platform Bullish, reflecting a structural rebalancing of crypto-related assets.
7️⃣ Coinbase’s Q4 2025 performance under pressure, stock surges against the trend
Coinbase reported a net loss of $667 million in Q4 2025, ending eight consecutive quarters of profit. Earnings per share and net revenue fell short of expectations, with trading revenue down nearly 37% YoY, but subscription and service revenue grew over 13% YoY. Despite the pressure on performance, the stock surged 16.4% on Friday, with analysts attributing ARK’s increased holdings to tactical trading in a high-volatility environment.