XXYY.cc Morning News | February 13, 2026

00:00-09:00 Keywords: CPI Eve · Breaking Below 66,000 · Coinbase Huge Loss · Aave Proposal

1️⃣ BTC lost support at $66,000 early this morning, bulls retreated to the 55,000 defense line

This morning, the crypto market faced severe selling pressure, with BTC plunging $2,000 in a short time, breaking below the $66,000 threshold. Glassnode pointed out that the market has entered a "consolidation phase," with the next key defense level revised to a wide range of $55,000 - $79,000.

2️⃣ Coinbase unexpectedly reported a huge loss of 660 million in Q4, trading volume plummeted by 45%

Coinbase's latest financial report shows a significant loss of $667 million in the fourth quarter. Due to a drastic decline in trading activity and the impact of Trump's tariff policy expectations, retail trading income nearly halved. Goldman Sachs and Standard Chartered subsequently downgraded their stock ratings and BTC price targets.

3️⃣ CPI Eve: AI panic drags down U.S. stocks, Dow Jones drops over 600 points

Due to doubts about the returns of the AI industry and cautious expectations for today's CPI data release, U.S. tech stocks plunged overnight. Apple's market value evaporated by 1.4 trillion RMB in a single day, and market liquidity continued to shrink due to the "software apocalypse" narrative, dragging down crypto assets in sync.

4️⃣ Ethereum fell below $1,900, Aave proposed to transfer 100% of protocol income to DAO

ETH performed poorly, crashing below $1,900 this morning. Aave Labs released a significant proposal at this time, suggesting that 100% of the protocol income be allocated to DAO management in exchange for operational funding support. This move aims to strengthen ecological autonomy during the market winter, but it has also sparked intense discussions about the value of governance rights.

5️⃣ New developments in the Bithumb incident: recovery rate reached 99.7%

Korean exchange Bithumb announced that 620,000 BTC mistakenly sent out due to employee error has been recovered at a rate of 99.7%. The official confirmed that users who faced liquidation or extreme price fluctuations during this period will be compensated at a rate of 110%, and the no-commission policy is still ongoing.

6️⃣ JP Morgan: BTC cost support at $77,000, long-term outlook remains positive

Despite extremely low short-term sentiment, JPMorgan stated in an overnight report that based on production costs and institutional holding logic, BTC should have a strong return expectation around $77,000. Analysts believe that the "de-bubbling" process in 2026, although painful, will clear the way for the next structural active period.