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Standard Chartered has significantly lowered its year-end cryptocurrency outlook, predicting that Bitcoin (BTC) will fall to $50,000 and Ethereum (ETH) to $1,400 in a phase of 'capitulation' over the next few months, before recovering by the end of 2026.

What happened: Banks, cryptocurrency outlook downgraded

In a new report, Standard Chartered expects further price declines in digital assets in the short term. The bank lowered its Bitcoin target from $150,000 to $100,000 by the end of 2026, and also downgraded its Ethereum outlook from $7,500 to $4,000.

With progress in stablecoin regulation in the US and Hong Kong and global interest rates declining, quieter changes may be underway within DeFi. The era led by retail is shifting towards institutional capital and algorithmic allocators.

**Phoenix Labs** co-founder and CEO **Sam MacPherson** stated that capital is nearing a turning point in how it enters the on-chain market and is utilized.

Elon Musk stated during the xAI presentation on February 11 that his digital payment system for the social media platform X, **X Money**, is currently operating in an internal private beta, and after expanding to a limited external beta within 1-2 months, it could be launched to over 600 million active users worldwide.

What happened: Approaching public beta for X Money

Musk revealed plans for the reorganization of AI ventures along with this schedule at xAI's 'All Hands' event.

Amid the risk-off market, the narrative of meme coins is again under pressure, while DogeOS believes that the future of Dogecoin (DOGE) lies not in price momentum but in unlocking billions of dollars worth of assets sitting idle on centralized exchanges.

Jordan Jefferson, CEO of DogeOS and founder of MyDoge Wallet, stated that the real opportunity is not to replace Dogecoin or compete with high-performance chains like Solana (SOL), but to build an ecosystem around assets that have already weathered a market cycle of 10 years.

**Fundstrat**'s **Tom Lee** stated at a conference held in Hong Kong on Wednesday that Ethereum (ETH) has fallen more than 50% eight times since 2018, and each time it has rebounded strongly, suggesting that this pattern indicates another quick recovery from the current stagnation below $2,000.

What happened: Lee predicts a V-shaped rebound

Lee said that the past eight downturns all created what he calls a 'V-shaped bottom' pattern, and that Ethereum recovered at nearly the same pace as its decline. He cited the most recent example of the period from January to March last year, when it plummeted by 64%.

Pi Network (PI) is requiring all mainnet node operators to complete the first phase of a series of blockchain protocol upgrades by February 15, as the project claims that 16 million users have migrated to the mainnet.

What happened: Node upgrade deadline

The Pi Core Team announced in a post on X on February 11 that the Pi mainnet blockchain protocol is undergoing a series of upgrades, with the deadline for the first phase set for February 15. All mainnet nodes must complete this phase to remain connected to the network.

Bitwise CEO Hunter Horsley predicts that within the next 6 months, two-thirds of global financial institutions will enter the cryptocurrency market, presenting direct conversations with major bank executives as the basis for his outlook.

What happened: The introduction outlook of Bitwise CEO

In an appearance on the Talking Tokens podcast, Horsley stated that he expects 66% of all financial institutions to begin utilizing digital assets in the near future. He explained that this prediction is based on personal discussions with bank CEOs, presidents, and chairpersons.

The realized losses of Bitcoin (BTC) have surged to about $2.3 billion as of the 7th, marking the highest level since the collapse of Luna and UST in June 2022. However, this selling pressure is occurring around $67,000 rather than $19,000, indicating that it is more a signal of a cyclical liquidation of late buyers rather than a market system collapse.

What happened: Soaring realized losses

The 7-day moving average of Bitcoin's Net Realized Profit/Loss has recently fallen to about -$1.99 billion, according to recent on-chain analysis by Axel Adler. This indicator tracks the balance between realized gains and losses of coins that have moved on-chain, showing investor behavior in a softened form.

Uniswap (UNI) surged about 42% to around $4.57 on February 11, following news that the decentralized trading protocol is associated with BlackRock's tokenized fund expansion. However, during the surge, large holders sold about 5.95 million tokens, wiping out about 26% of the gains, and the price settled around $3.40.

What happened: UNI surged and sell volume

This rally did not appear suddenly. In the 12-hour chart, UNI has been establishing a bullish divergence where the price recorded lower lows since mid-January, while the Relative Strength Index (RSI) made higher lows.

**Binance** has completed a $1 billion Bitcoin (BTC) purchase plan for the Secure Asset Fund for Users (SAFU). By purchasing an additional 4,545 BTC worth $340,580,000, the total holdings in the reserve wallet have been increased to 15,000 BTC, which is approximately $1,005,000,000.

What happened: SAFU fund achieves $1 billion target

This purchase was tracked through Arkham monitoring data, which shows that the SAFU wallet has consistently accumulated Bitcoin during a prolonged market downturn. Rather than waiting for favorable market conditions, the exchange converted about $1 billion worth of stablecoins into BTC for the fund.

SEC Chairman Paul Atkins told lawmakers at a supervisory hearing on Wednesday that he could not discuss the suspended enforcement action against Tron (TRX) founder Justin Sun, but he indicated he would review a confidential briefing for members of the House Financial Services Committee regarding this matter.

What happened: Questions raised about the Sun case

Maxine Waters, the top Democrat on the committee, raised questions about how the SEC's decision to effectively suspend the lawsuit against Sun and his connections to President Donald Trump may have influenced this.

Bitfury co-founder **Val Vavilov** is a Latvian billionaire who has built one of the largest Bitcoin (BTC) mining businesses over 15 years, and he stated that he sees the current situation, where prices have dropped more than 50% from the October peak, as a buying opportunity. However, he did not disclose exactly how much he bought.

What happened: The co-founder of Bitfury made a low-price purchase

At 46 years old, Vavilov said in a statement via WhatsApp, 'The drop in Bitcoin is an opportunity to rebalance our portfolio and buy a certain amount of Bitcoin at a lower price.'

XRP (XRP) has fallen about 15% in the last week and approximately 33% over the last 30 days, trading at $1.37. However, analyst Arthur claims that the monthly chart indicates that the upward channel maintained for 9 years points to the $0.85 to $0.95 range as a key support area, where institutional capital could re-enter the market.

What happened: The monthly chart indicates a support line

Arthur analyzed the price movements of XRP from March 2017 to the present in a detailed thread posted on X, based on the monthly chart. The lower end of the upward channel, tested multiple times over 9 years, is currently positioned about 30% below the current price.

Ethereum (ETH) fell below $2,000 after failing to maintain gains above $2,050. Technical indicators are pointing bearish, suggesting that the second-largest cryptocurrency by market capitalization may face downward pressure towards the $1,900 support area due to trendline resistance located at $1,980 on the hourly chart.

What happened: ETH fell below $2,000

ETH has been trading below $2,000 and the 100-hour simple moving average after pulling back from a recent high near $2,169. This decline has pushed the price below the 50% Fibonacci retracement level of the rise from a low of $1,745 to a high of $2,169.

**Michael Saylor** and his company Strategy have reaffirmed their intention to continue purchasing Bitcoin (BTC) according to a quarterly schedule. Despite cryptocurrency prices falling below $70,000 again this week, the company maintains a Bitcoin holding position of 714,644, valued at tens of billions of dollars.

What happened: Strategy reaffirms quarterly purchases

According to public statements and company disclosures, Strategy plans to continue purchasing Bitcoin every quarter regardless of short-term price fluctuations. This approach treats Bitcoin not as a trading position but as a long-term reserve asset.

Malaysia's Bank Negara has announced three pilot programs for ringgit stablecoins and tokenized bank deposits under the Digital Asset Innovation Hub.

These initiatives target domestic and cross-border wholesale payments. The central bank aims to assess the impacts on currency and financial stability.

Partners include Standard Chartered, CIMB, Maybank, and Capital A. Some tests will also evaluate compliance with Sharia (Islamic law).

The UK Financial Conduct Authority (FCA) has initiated legal proceedings against the cryptocurrency exchange HTX linked to Justin Sun for allegedly promoting services illegally to UK users.

This action is the unprecedented first enforcement case that came after HTX ignored warnings repeated since 2023. The regulatory authorities are now pushing to block HTX's social media accounts and app store access in the UK.

This exchange, previously known as **Huobi**, is facing criminal violations under regulations that allow only authorized institutions to conduct financial promotions. Despite the restrictions, HTX is reported to have continued advertising on TikTok, X (formerly Twitter), and its own website.

**Danske Bank** is the largest lending institution in Denmark and has started offering Bitcoin (BTC) and Ethereum (ETH) exchange-traded products (ETPs) to its customers through its online and mobile banking platform, ending an 8-year voluntary ban on cryptocurrency services.

The bank emphasized that it does not simultaneously recommend cryptocurrencies as an asset class and will not provide investment advisory services for these products.

The ETPs available at launch consist of three products in total: two that track Bitcoin and one that tracks Ethereum, all issued by BlackRock and WisdomTree. These products are subject to the EU's MiFID II investor protection regulatory framework.

Binance responded to market concerns related to on-chain data anomalies pointed out by third-party trackers Coinglass and DefiLlama.

The exchange mentioned that there had been similar data discrepancies with DefiLlama in the past and expected the data to be restored within 24 to 48 hours. It also advised users to verify their holdings directly and suggested conducting regular withdrawal tests across multiple platforms.

This stance came after reports of abnormal capital outflows. Binance guided users to its own Proof of Reserves page so they could verify their assets directly.

The governance token of Uniswap (UNI) surged more than 13% after BlackRock announced the integration of the BUIDL fund with UniswapX on February 11, 2026.

The $2.2 billion tokenized treasury fund is now traded on-chain through decentralized bidding. BlackRock has also invested in the Uniswap ecosystem, including the UNI token.

This partnership involves Securitize, the operator of BUIDL. This will allow institutional-grade market makers to compete through a request-for-quote (RFQ) method.