CoindooOfficial

El Salvador’s Bitcoin strategy is facing renewed pressure after a recent market slide wiped roughly $300 million from the country’s BTC reserves.

Key Takeaways:
El Salvador holds 7,560 BTC worth about $508.47 million at current prices.Roughly $300 million in market value has been erased from recent highs due to Bitcoin’s decline.The country continues to accumulate BTC despite volatility.IMF negotiations and debt obligations increase scrutiny of the strategy.
With 7,560 BTC currently held and valued at approximately $508.47 million, the decline reflects a sharp drop from recent valuation highs when Bitcoin was trading significantly above current levels.
The drawdown adds fresh strain to President Nayib Bukele’s high-conviction crypto strategy at a time when fiscal discipline and external financing remain in focus.

Market Volatility Hits Sovereign Reserves
At Bitcoin’s recent peak levels, El Salvador’s holdings were valued near the $800 million range. The subsequent correction has reduced that figure by approximately $300 million, highlighting the risks of holding a highly volatile asset at sovereign scale.
While these losses remain unrealized unless the government sells, they materially affect the mark-to-market value of national reserves. For a country navigating debt repayments and external financing pressures, that volatility is not insignificant.
The decline comes as El Salvador continues to manage obligations tied to its $1.4 billion IMF agreement. The IMF has consistently warned about the financial stability risks of large-scale crypto exposure, particularly when reserves fluctuate dramatically in value.
Bukele’s Long-Term Bitcoin Bet
Despite the paper losses, President Bukele has shown no sign of retreating. The administration has continued periodic Bitcoin purchases, signaling confidence in a long-term thesis rather than reacting to short-term price movements.
Supporters argue that Bitcoin’s historical cycle pattern includes deep corrections followed by new highs, and that judging the strategy mid-cycle may be premature. Critics counter that sovereign balance sheets operate differently from private portfolios - volatility can directly influence borrowing costs, investor confidence, and fiscal planning.
With 7,560 BTC on its balance sheet, El Salvador remains one of the world’s largest sovereign Bitcoin holders. Whether the strategy ultimately delivers outsized gains or creates sustained fiscal pressure will depend largely on Bitcoin’s future price trajectory - and on the country’s ability to balance conviction with financial stability.
For now, the $300 million drawdown stands as a reminder that national Bitcoin adoption carries not just upside potential, but significant macro risk.
#bitcoin

Analysts at JPMorgan, led by Nikolaos Panigirtzoglou, are turning constructive on digital assets for 2026, arguing that the market is undergoing a deeper transformation rather than entering a prolonged downturn.

Key Takeaways
JPMorgan expects a 2026 crypto rebound led by institutions, not retail.Bitcoin below its $77,000 production cost is seen as temporary and stabilizing.Regulatory clarity in the U.S. could unlock large-scale institutional inflows.Long-term Bitcoin target remains $266,000.
After a sharp correction in early 2026 pushed Bitcoin below key cost benchmarks, the bank describes the move as part of a broader “self-correction” phase that could ultimately lay the groundwork for more durable price stability.
Bitcoin recently slipped into the mid-$60,000 range, falling below JPMorgan’s updated production cost estimate of around $77,000. That figure itself has dropped from roughly $90,000 earlier in the year, reflecting improved mining efficiency and shifting energy inputs. According to the bank, trading below production cost is typically unsustainable over the long term, as it pressures high-cost miners out of the network and gradually establishes a firmer structural floor.
Regulation as a Catalyst, Not a Risk
A central pillar of the bullish 2026 thesis is regulatory clarity. JPMorgan views potential U.S. legislation, including proposals such as the Digital Asset Market Clarity Act, as a catalyst rather than a headwind. Clearer rules are expected to reduce legal uncertainty and unlock large-scale institutional participation that has remained cautious amid fragmented oversight.
Instead of another cycle driven primarily by retail speculation and momentum trading, the bank anticipates a shift toward steadier, longer-term capital inflows through spot exchange-traded products and institutional mandates. This evolution in buyer composition is seen as a structural upgrade for the asset class.
Gold Rotation and Volatility Dynamics
JPMorgan also highlights a potential asset rotation dynamic. While gold has recently outperformed Bitcoin, its rising volatility has weakened its appeal as a straightforward defensive allocation. The bank suggests that if gold’s price swings persist, some capital could rotate back into digital assets as part of diversified macro portfolios.
In this framework, Bitcoin is increasingly positioned as a volatility-adjusted alternative to gold rather than a purely speculative instrument. Based on such comparisons, JPMorgan reiterated a long-term price objective of $266,000 for Bitcoin, tied to relative market value and risk characteristics versus precious metals.
Capital Flows Point to Maturing Market
The report notes that crypto capital inflows approached $130 billion in 2025, roughly one-third higher than the previous year. However, last year’s flows were heavily influenced by digital asset treasury allocations and retail-driven ETF enthusiasm. For 2026, the expectation is a pivot toward more stable institutional demand.
Beyond price targets, the anticipated institutional wave is projected to reshape the broader ecosystem. Venture capital activity, mergers and acquisitions, and IPO pipelines could accelerate under clearer regulatory conditions. At the same time, infrastructure segments - including stablecoin issuers, payment networks, custody providers, and blockchain service firms - are expected to attract increased engagement from traditional financial institutions.
Another sign of deepening integration is the exploration by major banks of using crypto ETFs and tokenized assets as collateral in conventional financial transactions. If implemented at scale, such practices would further embed digital assets within the global financial system.
Taken together, JPMorgan’s outlook frames 2026 not as a simple rebound year, but as a turning point in market structure - one defined less by retail-driven cycles and more by institutional capital, regulatory frameworks, and expanding financial integration.
#crypto

Các quỹ giao dịch Bitcoin ghi nhận dòng tiền ra đáng kể vào ngày 12 tháng 2, cho thấy sự thận trọng trở lại của các tổ chức trong thị trường crypto.

Các điểm chính:
Các quỹ ETF Bitcoin ghi nhận - 410.2 triệu đô la trong dòng tiền ròng.
Các quỹ ETF Ethereum theo sau với - 113.1 triệu đô la trong việc rút tiền.
Các quỹ ETF Solana ghi nhận sự gia tăng khiêm tốn 2.7 triệu đô la, nổi bật một cách tích cực.
Các quỹ ETF XRP ghi nhận - 6.42 triệu đô la trong dòng tiền ròng.
Dòng tiền ròng kết hợp cho các quỹ ETF Bitcoin giao ngay của Mỹ là - 410.2 triệu đô la, đánh dấu một trong những ngày rút tiền lớn hơn trong tháng này.

Bitcoin’s derivatives market is flashing a signal that hasn’t appeared since one of the most important turning points of the past cycle.

Key Takeaways
Funding rates are at their most negative levels since August 2024.Traders are heavily positioned short across exchanges.This imbalance raises the risk of a short squeeze if price moves higher.
According to aggregated funding rate data from Santiment, short positioning across major crypto exchanges has reached its most extreme level since August 2024 - a period that ultimately marked a major bottom for Bitcoin. Back then, traders aggressively bet on further downside as funding rates plunged deep into negative territory. Instead of continuing lower, Bitcoin reversed sharply and surged roughly 83% over the following four months.
Now, the same imbalance is beginning to form again.
How Funding Rates Reveal Market Fear
In perpetual futures markets, funding rates act as a balancing mechanism to keep contract prices aligned with spot prices. Traders periodically pay a small fee to one another. When funding rates turn negative, it means short sellers are paying long traders - a clear sign that the majority of leveraged bets are positioned for further downside.
Santiment’s “Funding Rates Aggregated By Exchange” metric blends data from multiple major platforms rather than relying on a single exchange. By combining funding information market-wide, the indicator reveals whether aggressive shorting is happening across the broader ecosystem, not just in isolated pockets of liquidity.
The latest readings show funding rates deeply negative again, signaling widespread fear and heavy downside positioning.
Source: Santiment X
Why Extreme Shorting Can Trigger Explosive Moves
Extreme negative funding does not automatically guarantee a rally. However, it often creates the conditions for one.
Many short positions are opened with leverage, meaning traders borrow capital to amplify potential returns. If price unexpectedly rises, those positions can quickly move into loss territory. Once losses exceed a threshold, exchanges automatically liquidate the positions - forcing shorts to buy back Bitcoin.
When large clusters of leveraged shorts are liquidated at the same time, the result can be a rapid price acceleration higher, commonly known as a short squeeze. The deeper funding rates fall, the more crowded the short trade becomes - and the more fuel exists for a sharp reversal.
Echoes of the October Liquidation Cycle
The current setup also follows months of heightened volatility. After a major liquidation wave on Binance in October 2025 wiped out large long positions and pushed Bitcoin lower, traders quickly rotated into shorts, convinced that downside would continue.
That behavior recreated a one-sided market structure similar to previous bottoming phases. Aggregated funding metrics are now reflecting another moment where sentiment has leaned heavily in one direction.
Patience Required in a High-Risk Environment
Heavy short positioning does not mean an instant breakout is guaranteed. Sentiment across other metrics remains fragile, and fear still dominates trader psychology.
However, the data highlights a high-risk positioning environment where even a moderate price move upward could trigger cascading liquidations. In such conditions, volatility can accelerate quickly once momentum shifts.
For now, the derivatives market is signaling extreme caution - but also the potential for sudden upside pressure if the imbalance begins to unwind.
#bitcoin

Nga đã chính thức phê duyệt một khái niệm toàn quốc cho việc mã hóa tài sản khu vực thực, đánh dấu một trong những sáng kiến tài sản kỹ thuật số do nhà nước dẫn dắt toàn diện nhất cho đến nay.

Điểm nổi bật
Nga đã phê duyệt một khung quốc gia để mã hóa tài sản của khu vực thực.
Các thí điểm sẽ bao phủ quyền sở hữu tài sản, quyền sở hữu trí tuệ, chứng khoán và cổ phần LLC.
Mục tiêu là tăng tính thanh khoản, giảm chi phí và mở rộng quyền truy cập của nhà đầu tư.
Sự di chuyển hỗ trợ hiện đại hóa các thị trường vốn trong nước.
Khung pháp lý đã được phát triển bởi Bộ Tài chính phối hợp với các cơ quan hành pháp liên bang và Ngân hàng Nga, và hiện đã nhận được sự ủng hộ của chính phủ. Công việc triển khai đã bắt đầu.

Cơ quan Quản lý Liên minh Tín dụng Quốc gia Hoa Kỳ (NCUA) đã ban hành các quy tắc đề xuất đầu tiên theo Đạo luật Hướng dẫn và Thiết lập Đổi mới Quốc gia cho Stablecoin của Hoa Kỳ (GENIUS), phác thảo một lộ trình cấp phép liên bang cho các nhà phát hành stablecoin thanh toán liên kết với các liên minh tín dụng được bảo hiểm liên bang.

Những điểm chính
NCUA đề xuất một giấy phép Phát hành Stablecoin được phép (PPSI) cho các chi nhánh của các liên minh tín dụng được bảo hiểm liên bang.
Các liên minh tín dụng sẽ bị cấm phát hành stablecoin trực tiếp hoặc tham gia với các nhà phát hành không có giấy phép.

Độ khó khai thác Bitcoin đã ghi nhận sự điều chỉnh giảm mạnh -11.16%, đánh dấu bước giảm lớn nhất kể từ cú sập tháng 7 năm 2021 do lệnh cấm khai thác của Trung Quốc.

Điểm chính
Độ khó khai thác Bitcoin đã giảm 11.16%, mức giảm lớn nhất kể từ năm 2021 và là một trong những mức lớn nhất trong lịch sử.
Sự cố bão và việc bán tháo trên thị trường tạm thời đã giảm hashrate, nhưng sức mạnh mạng đã phục hồi mạnh mẽ.
Lợi nhuận của thợ đào đã đạt mức thấp kỷ lục, thúc đẩy sự chuyển dịch sang hạ tầng AI và các nguồn thu nhập thay thế.

Standard Chartered has lowered its year-end 2026 Bitcoin forecast to $100,000, marking the second downgrade in just three months.

Key Takeaways
Standard Chartered cut its 2026 Bitcoin target to $100,000 again.Bank warns BTC could drop toward $50,000 in a capitulation phase.ETF outflows and weaker corporate buying are key concerns.Ethereum target lowered to $4,000; $500,000 BTC call delayed to 2030.
The bank had previously projected $150,000 and, before that, an ambitious $300,000 target for the same period.
In a February 12 note, Geoffrey Kendrick, the bank’s global head of digital assets research, outlined a more cautious path ahead for crypto markets, pointing to weakening momentum and growing macro pressure.
Capitulation Risk and ETF Pressure
According to the bank, Bitcoin could face what it describes as a “final capitulation period” in the coming months. In that scenario, BTC may slide toward $50,000 - or slightly below - before establishing a durable bottom.
A key concern is persistent ETF outflows. Since peaking in October 2025, Bitcoin ETF holdings have reportedly dropped by nearly 100,000 coins. With the average ETF entry price near $90,000, many investors are currently underwater. That dynamic increases the likelihood of selling pressure rather than aggressive dip-buying.
The bank also argues that the phase of strong corporate accumulation - previously led by firms such as MicroStrategy - has largely run its course. If corporate demand cools, future upside may depend almost entirely on renewed ETF inflows.
Macro Headwinds Add to Uncertainty
Standard Chartered cites unsupportive U.S. economic data and a hawkish Federal Reserve stance as additional drags on digital assets. With rate cuts still uncertain and liquidity conditions tight, the bank sees limited catalysts in the near term.
Meaningful relief, it suggests, may not emerge until a shift in Fed leadership or policy direction, potentially around mid-year.
Ethereum Target Also Slashed
The bank also revised its Ethereum outlook. The year-end 2026 forecast for ETH has been cut to $4,000 from a previous $7,500 projection. In the short term, Ethereum could fall toward $1,400 before stabilizing, according to the note.
Despite the downward revisions, Standard Chartered maintains a constructive long-term view. However, its previously outlined $500,000 Bitcoin target has now been pushed back from 2028 to 2030, signaling a slower trajectory for the broader crypto cycle.
How Other Institutions See 2026
While Standard Chartered has turned more cautious, other major firms remain more optimistic.
Bernstein continues to project Bitcoin reaching $150,000 in 2026. Maple Finance sees a potential move toward $175,000. Meanwhile, Fundstrat, led by Tom Lee, has outlined a range between $200,000 and $250,000.
On the more cautious end, some analysts estimate a potential floor around $75,000.
The widening gap in projections highlights just how uncertain the road to 2026 remains. For now, the debate centers on whether current weakness marks the final shakeout before recovery - or the start of a longer consolidation phase for digital assets.
#BTC

The American Bankers Association (ABA), the largest banking lobby in the country, has formally urged the Office of the Comptroller of the Currency (OCC) to slow down or pause the approval of national trust bank charters for crypto and stablecoin companies.

Key Takeaways
The American Bankers Association wants the OCC to slow crypto trust bank approvals.Banks cite regulatory uncertainty and financial stability risks.Recent OCC approvals for major crypto firms triggered the backlash.The crypto sector calls the effort protectionist.
In a February 11 comment letter, the group called for a more cautious approach as regulators reshape the digital asset landscape. The move signals growing tension between traditional banks and crypto-native firms seeking deeper integration into the federal banking framework.
Regulatory Concerns Take Center Stage
At the heart of the ABA’s argument is regulatory uncertainty. The group says the OCC should wait until federal agencies fully define the framework under the Guiding and Establishing National Innovation for US Stablecoins Act, also known as the GENIUS Act. According to the ABA, moving forward with charter approvals before the rules are finalized could create inconsistencies and long-term supervisory risks.
The banking lobby also raised concerns about safety and soundness. It warned that many crypto-focused business models lack traditional fiduciary activities and may face heightened insolvency and cybersecurity risks. From the ABA’s perspective, granting national trust charters to such firms without the same capital and compliance standards applied to full-service banks could expose the system to vulnerabilities.
Another flashpoint is branding. The ABA recommended prohibiting non-bank charter applicants from using the word “bank” in their names, arguing that it could mislead consumers into believing these entities operate under the same regulatory structure as traditional institutions.
A Question of Fair Competition
Banking groups, including the Bank Policy Institute, have repeatedly argued that limited-purpose charters allow crypto firms to access federal oversight and credibility without shouldering the full regulatory burden imposed on conventional banks. In their view, this creates an uneven playing field.
The OCC’s recent actions help explain the urgency behind the ABA’s letter. In December 2025, the regulator granted conditional national trust bank approvals to several major digital asset firms, including Ripple, BitGo, Paxos, Circle, and Fidelity Digital Assets.
In addition, recent OCC interpretive letters clarified that national banks may conduct so-called riskless principal crypto transactions and hold small amounts of digital assets to cover blockchain gas fees. In January 2026, the agency issued a Notice of Proposed Rulemaking to clarify that national trust banks can engage in activities incidental to banking - a proposal that directly triggered the ABA’s latest response.
Crypto Industry Pushes Back
The crypto sector has not remained silent. The Blockchain Association has described the banking lobby’s efforts as protectionist, arguing that established financial institutions are attempting to preserve dominance over financial services while slowing innovation.
For crypto firms, national trust charters represent legitimacy, direct access to federal oversight, and a clearer pathway to offering regulated digital asset services. For traditional banks, they represent competitive pressure and regulatory asymmetry.
As federal agencies continue shaping stablecoin and digital asset rules, the outcome of this dispute could determine how deeply crypto becomes embedded within the US banking system - and who ultimately controls that future.
#CryptoBankingRevolution

Midnight đang bước vào giai đoạn quyết định khi việc ra mắt mainnet đang đến gần, đánh dấu sự chuyển đổi từ thử nghiệm ban đầu sang môi trường sản xuất trực tiếp tập trung vào quyền riêng tư và tiết lộ có chọn lọc.

Những điểm chính
Midnight đang chuẩn bị cho việc kích hoạt full mainnet tập trung vào quyền riêng tư và tiết lộ có chọn lọc.
Hơn 1,3 tỷ token NIGHT đã được yêu cầu.

Mạng lưới, được xây dựng trong hệ sinh thái Cardano, được thiết kế để hỗ trợ các trường hợp sử dụng thực tế yêu cầu bảo vệ dữ liệu trong khi vẫn cho phép tuân thủ và minh bạch có kiểm soát.

Dòng tiền vào quỹ ETF tiền điện tử đã đảo chiều mạnh vào ngày 11 tháng 2, với vốn của các tổ chức rút khỏi các sản phẩm Bitcoin và Ethereum trong khi hoạt động trong các quỹ Solana và XRP bị đình trệ.

Điểm chính:
Các quỹ ETF Bitcoin đã ghi nhận 276,3 triệu USD trong dòng tiền rút ra.
Các quỹ ETF Ethereum đã thấy 129,1 triệu USD trong việc hoàn lại.
Các quỹ ETF Solana đã ghi nhận 0 USD trong dòng tiền.
Các quỹ ETF XRP cũng ghi nhận 0 USD trong dòng tiền.
Sự chuyển đổi diễn ra chỉ một ngày sau một phiên phục hồi, làm nổi bật cách tâm lý có thể thay đổi nhanh chóng trong môi trường thị trường hiện tại.
Dòng tiền rút ra diễn ra rộng rãi giữa các nhà phát hành lớn, cho thấy việc tái định vị của các tổ chức hơn là những sự kiện riêng lẻ.

The XRPL Foundation has named Brett Mollin as its new Executive Director, a move aimed at reinforcing the long-term security, decentralization, and operational stability of the XRP Ledger.

Key Takeaways
Brett Mollin has been appointed Executive Director of the XRPL Foundation.He brings over 11 years of XRP Ledger ecosystem experience, including prior leadership at Ripple.The focus will be on scalability, resilience, governance, and infrastructure readiness.The move reinforces the Foundation’s nonprofit, community-driven oversight of the XRP Ledger.
Mollin steps into the leadership role with more than a decade of hands-on experience building within the XRPL ecosystem. Over the past 11 years, he has been deeply involved in infrastructure development, validator operations, and broader community engagement across the network.
From Technical Leadership to Network Stewardship
Before joining the Foundation in this new capacity, Mollin served as Technical Director at Ripple, where he worked closely with developers, financial institutions, and ecosystem partners launching products on the XRP Ledger. His role positioned him at the intersection of enterprise adoption and open-source development, helping bridge institutional use cases with community-driven innovation.
Beyond his corporate background, Mollin has built longstanding relationships with validators, core developers, and infrastructure contributors. His continued engagement across technical and governance discussions has earned him credibility within the XRPL community, making his appointment a natural progression rather than an abrupt leadership change.
Focus on Resilience and Scalability
According to Mollin, the XRP Ledger has reached a pivotal phase in its evolution, where long-term stewardship is becoming increasingly important. His mandate will center on ensuring the network remains scalable, resilient, and well-governed as transaction volumes and institutional participation grow.
Key priorities include enhancing operational readiness, encouraging audit-ready infrastructure practices, and collaborating on initiatives that prepare the ledger for potential spikes in transaction demand. Expanding participation from developers, node operators, and ecosystem builders is also expected to play a central role in the Foundation’s strategy.
Nonprofit Governance Model
The XRPL Foundation operates under a nonprofit governance structure, with its Board of Directors overseeing strategic direction and executive appointments in line with the organization’s bylaws. As Executive Director, Mollin will manage day-to-day operations while supporting the broader mission of maintaining decentralization and long-term network health.
The Foundation reiterated its commitment to transparency, emphasizing that governance updates, leadership decisions, and operational information will remain accessible to the community.
With this leadership transition, the XRPL Foundation signals a continued emphasis on building a secure, community-driven blockchain infrastructure designed to support developers, institutions, and ecosystem participants for years to come.
#XRPL

Ethereum is sending a powerful signal beneath the surface. While price action remains under pressure and ETH trades below the $2,000 mark, staking activity is accelerating at a pace rarely seen before.

Key Takeaways
30% of Ethereum’s supply is locked in staking, tightening liquid supply.4.1M ETH is waiting to be staked, while exits remain minimal.Yield is modest at 2.83% APR, yet demand keeps rising.Large wallets are reducing share, smaller holders are accumulating.One more dip may come before a potential rebound.
Roughly 30% of Ethereum’s total supply - about 36.8 million ETH worth approximately $72 billion at current prices - is now locked in staking contracts. Nearly one million validators are actively securing the network, reinforcing Ethereum’s transition into a yield-generating, security-focused asset.
This dynamic is creating a significant supply restriction at a time when market sentiment remains cautious.
Queue Explodes as Investors Lock Up ETH
The most striking data point is the staking queue. Around 4.1 million ETH is currently waiting to be staked, highlighting record demand to enter validator positions. Meanwhile, exit activity is minimal by comparison, with just 75,872 ETH queued for withdrawal.

About one-third of staked ETH is now considered illiquid, earning a modest 2.83% APR. By traditional crypto standards, that yield is not particularly attractive. Yet investors continue to lock up capital aggressively.
This behavior stands in contrast to short-term yield farming strategies. Instead, it signals long-term conviction. Locking up tens of billions of dollars during a price downturn suggests participants are positioning for future appreciation rather than chasing quick returns.
On-Chain Shifts: Whales Reduce, Smaller Wallets Accumulate
Fresh data from Santiment shows a structural shift in Ethereum’s holder distribution. Wallets holding at least 1,000 ETH now control less than 75% of total supply for the first time in seven months, after shedding roughly 1.5% of supply since Christmas.
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At the same time, smaller wallets - particularly those holding less than 1 ETH - now control their highest percentage of supply ever, at 2.3%.
This rotation hints that larger holders may be reallocating into staking, while smaller participants steadily accumulate. The result is a broader distribution of supply alongside rising validator participation.
Technical Outlook: One More Dip Before a Bounce?
From a technical perspective, analyst Michaël van de Poppe believes Ethereum’s broader structure remains intact. He suggests another move lower toward higher timeframe support could occur before a stronger rebound.

According to his view, that support zone may provide the foundation for a higher low and a renewed uptrend. He still expects this month to mark the bottom for the broader market, followed by a rally lasting two to three months.
If that scenario plays out, Ethereum’s tightening liquid supply could amplify any upside move.
Supply Restriction Meets Macro Sensitivity
Crypto markets are no longer moving in isolation. Ethereum, like Bitcoin, increasingly trades as a high-beta risk asset tied to macroeconomic conditions. Inflation data, labor market trends, and broader liquidity flows remain key drivers.
However, beneath the volatility, Ethereum’s fundamentals appear to be strengthening. With billions of dollars locked, minimal exits, and staking demand at record levels, the network is quietly reducing available supply while expanding validator security.
When investors line up to lock $74 billion during a price dip, it rarely reflects speculation alone. It suggests belief in what comes next.
#ETH

While much of the crypto market has struggled with volatility and declining prices, one segment continues to expand at an extraordinary pace - stablecoins.

Key Takeaways
Annual stablecoin transaction volume reached roughly $33 trillion in 2025Scale now rivals or exceeds Visa and Mastercard combinedGrowth continues despite weaker speculative crypto activityRising transaction sizes indicate institutional and operational adoptionTether’s market cap nears Ethereum’s, signaling shifting capital dynamics
New data shows that annual onchain stablecoin transaction volume reached approximately $33 trillion in 2025, placing the sector at or even above the scale of global payment giants like Visa and Mastercard.
The milestone highlights a growing divergence within digital assets. Speculative trading activity in cryptocurrencies such as Bitcoin and Ethereum has cooled, but stablecoin usage continues to accelerate, driven by real-world financial applications rather than market hype.
Stablecoins Reach Payment Network Scale
Transaction data indicates that stablecoins are now operating at a scale comparable to traditional payment rails. The $33 trillion annual figure underscores how deeply integrated dollar-pegged tokens have become in global finance.
Unlike previous cycles dominated by leverage and speculation, this expansion appears to be fueled by practical use cases. Stablecoins are increasingly used for cross-border payments, institutional settlements, treasury management, brokerage funding, and onchain liquidity provisioning.

The steady rise in transaction volumes also comes alongside increasing average transaction sizes. That trend suggests not just retail activity, but growing institutional participation and operational adoption.
Cooling Prices, Expanding Utility
Recent market data shows that Bitcoin is trading near $67,000, Ethereum around $1,950, and broader crypto indices remain under pressure on a weekly basis. Yet stablecoin market capitalization remains elevated, with Tether’s USDT alone holding roughly $184 billion in market value.
Bloomberg Intelligence analyst Mike McGlone recently argued that Tether is on track to surpass Ethereum in market capitalization, pointing to the structural strength of stablecoin demand even as Ether struggles below key technical levels.

The contrast is becoming clearer: while Bitcoin and Ethereum behave as risk-on assets sensitive to macroeconomic shifts, stablecoins are increasingly functioning as digital dollars embedded in global payment flows.
A Structural Shift in Crypto
The rise of stablecoins reflects a broader transformation within the digital asset ecosystem. Crypto is no longer moving independently from traditional markets and is increasingly treated as a high-beta risk asset. However, stablecoins are carving out a separate narrative - one tied to efficiency, settlement speed, and financial infrastructure.
Importantly, stablecoin growth has continued even as speculative activity cooled in 2025. This suggests the foundation of the sector may be strengthening beneath the surface, independent of price momentum in major tokens.
If current trends persist, stablecoins could become one of the most important pillars of digital finance - operating quietly in the background while headlines remain focused on Bitcoin’s volatility and Ethereum’s price swings.
#Stablecoins

Binance has completed the final phase of its SAFU fund asset conversion, officially transitioning its stablecoin reserves into Bitcoin.

Key takeaways:
Binance purchased 4,545 BTC in the final tranche.The full $1 billion SAFU reserve has now been converted into Bitcoin.SAFU holds 15,000 BTC worth approximately $1,005,000,000 at completion.The valuation was calculated at a BTC price of $67,000.
The exchange confirmed it purchased an additional 4,545 BTC, finalizing the previously announced $1 billion allocation into the leading digital asset.

SAFU Fund Now Fully in Bitcoin
The transition was completed within 30 days of the initial announcement, according to Binance. With the final tranche executed, the Secure Asset Fund for Users (SAFU) now holds 15,000 BTC.
At the time of completion, the total value stood at approximately $1.005 billion, based on a Bitcoin price of $67,000. Binance also publicly disclosed the SAFU Bitcoin address and the latest transaction ID, reinforcing its commitment to onchain transparency.
Strategic Reserve Shift
SAFU was originally created as an emergency insurance fund to protect users in extreme scenarios. By converting the reserves entirely into Bitcoin, Binance is effectively signaling strong conviction in BTC as a long-term store-of-value asset.
The move represents a structural shift from stablecoin-based reserves toward a fully Bitcoin-backed protection model.
Market Implications
Large-scale treasury conversions into Bitcoin often draw attention from institutional investors, as they signal confidence in BTC’s long-term value proposition.
With 15,000 BTC now sitting in the SAFU wallet, Binance holds one of the more visible exchange-controlled Bitcoin reserve pools, potentially reinforcing narratives around Bitcoin as a reserve-grade digital asset.
What Comes Next
Market participants may monitor:
Whether other exchanges adjust reserve compositions.The impact on Bitcoin liquidity and supply dynamics.Broader institutional sentiment toward BTC treasury strategies.
With SAFU now fully allocated to Bitcoin, Binance has positioned its user protection fund around the asset it describes as the premier long-term reserve within the crypto ecosystem.
#Binance

Dòng chảy ETF tiền điện tử đã chuyển sang tích cực vào ngày 10 tháng 2, với các sản phẩm Bitcoin, Ethereum, Solana và XRP đều ghi nhận dòng chảy ròng sau vài phiên biến động.

Những điểm chính:
Bitcoin ETFs ghi nhận 166,5 triệu đô la trong dòng chảy ròng.
Ethereum ETFs ghi nhận dòng chảy khiêm tốn 13,8 triệu đô la.
Solana ETFs đã thêm 8,4 triệu đô la.
XRP spot ETFs ghi nhận 3,26 triệu đô la trong dòng chảy ròng.
Sự phục hồi cho thấy sự định vị lại của các tổ chức trên các tài sản kỹ thuật số chính.
Bitcoin ETFs dẫn đầu với sự phục hồi mạnh mẽ
Bitcoin spot ETFs đã ghi nhận 166,5 triệu đô la trong dòng chảy ròng vào ngày 10 tháng 2. IBIT của BlackRock đã thêm 26,5 triệu đô la, trong khi FBTC của Fidelity đã thu về 56,9 triệu đô la.

Ethereum được cho là đang được xem xét như một lớp hạ tầng blockchain tiềm năng cho một stablecoin euro trong tương lai, báo hiệu một sự chuyển biến đáng kể trong cách các chính phủ đánh giá các mạng lưới blockchain công cộng.

Những điểm chính:
Ethereum đang được thảo luận như một ứng cử viên blockchain cho một stablecoin euro.
Cuộc thảo luận phản ánh sự tự tin ngày càng tăng của các tổ chức vào hạ tầng blockchain công cộng.
Các tín hiệu chuyển biến sâu sắc hơn giữa tài chính chính phủ và các mạng lưới phi tập trung.
Sự trưởng thành và độ sâu của hệ sinh thái Ethereum định vị nó như một ứng cử viên hàng đầu.

Franklin Templeton và Binance đã ra mắt một chương trình tài sản thế chấp ngoài sàn mới cho các tổ chức, cho phép các khách hàng đủ điều kiện sử dụng cổ phần quỹ thị trường tiền tệ được mã hóa làm tài sản thế chấp giao dịch.

Các điểm chính:
Các tổ chức giờ đây có thể sử dụng cổ phần quỹ thị trường tiền tệ được mã hóa làm tài sản thế chấp trên Binance.
Tài sản vẫn được giữ trong sự giám sát của bên thứ ba có quy định ngoài sàn.
Giá trị tài sản thế chấp được phản ánh trong hệ thống giao dịch của Binance thông qua Ceffu.
Chương trình cải thiện hiệu quả vốn đồng thời giảm thiểu rủi ro đối tác.
Sáng kiến này cho phép các tổ chức triển khai tài sản truyền thống mang lại lợi suất trong các thị trường kỹ thuật số mà không cần chuyển giao quyền giám sát cho một sàn giao dịch.

Robinhood has officially launched the public testnet for Robinhood Chain and announced a strategic partnership with Chainlink, which will serve as the oracle platform for the network.

Key takeaways:
Robinhood Chain public testnet is now live for developers.Chainlink will power the network as the official oracle provider.The Layer 2 is built on Arbitrum technology.Mainnet launch is planned for later this year.
The initiative marks a significant step in Robinhood’s broader strategy to bring financial services onchain through a purpose-built Ethereum Layer 2 designed for real-world asset tokenization.
Chainlink Becomes Oracle Partner
According to the announcement shared by Chainlink, the network will provide its data infrastructure, interoperability solutions, and compliance standards to power advanced tokenization use cases on Robinhood Chain.

By integrating Chainlink as the oracle layer, Robinhood aims to ensure secure, reliable, and tamper-resistant data feeds - critical for financial applications that rely on accurate real-world information.
By integrating Chainlink as the oracle layer, Robinhood aims to ensure secure, reliable, and tamper-resistant data feeds - critical for financial applications that rely on accurate real-world information.
This integration places Chainlink at the core of Robinhood Chain’s infrastructure stack and strengthens the network’s institutional-grade positioning.
try points to the testnetOfficial developer documentationCompatibility with standard Ethereum development tools via ArbitrumEarly infrastructure support from Alchemy, Allium, Chainlink, LayerZero, and TRM
The goal of this stage is to support experimentation, identify potential vulnerabilities, improve stability, and expand ecosystem integrations.
Built for Tokenized Real-World Assets
Robinhood Chain is designed with reliability, scalability, security, and compliance in mind. Backed by Robinhood’s operational infrastructure and built using Arbitrum’s technology stack, the Layer 2 aims to bridge traditional finance with decentralized systems.
The network supports seamless asset bridging, self-custody functionality, and customizable architecture for financial-grade decentralized applications. Planned use cases include tokenized asset platforms, lending protocols, and perpetual futures exchanges.
Johann Kerbrat, Senior Vice President and General Manager of Crypto and International at Robinhood, stated that the testnet lays the groundwork for an ecosystem focused on tokenized real-world assets while allowing developers to access decentralized finance liquidity within Ethereum.
Steven Goldfeder, Co-Founder and Chief Executive Officer of Offchain Labs, emphasized that Arbitrum’s developer-friendly framework positions Robinhood Chain to help deliver the next phase of tokenization and permissionless financial services.
What Comes Next
In the coming months, developers building on Robinhood Chain will gain access to testnet-only assets, including Stock Tokens for integration testing. Direct testing through Robinhood Wallet will also be introduced, alongside a familiar development environment within the Ethereum and Arbitrum ecosystems.
With infrastructure providers already integrating and additional partners expected to join, Robinhood is moving toward a broader ecosystem rollout ahead of its anticipated mainnet launch later this year.
#Robinhood:

Bitcoin đang giao dịch quanh mức $66,920 sau một đợt bán tháo mạnh trong ngày đã đẩy giá xuống từ khu vực $69,000 về phía $66,700 trước khi có một chút phục hồi.

Những điểm chính:
Bitcoin đã giảm từ ~$69,000 xuống khu vực $66,700 trước khi ổn định
Tâm lý thị trường vẫn nằm trong trạng thái sợ hãi cực độ
Ethereum và Solana cũng đang có xu hướng giảm
Cấu trúc ngắn hạn ủng hộ gấu trừ khi kháng cự chính được khôi phục

Thị trường crypto rộng lớn hơn vẫn đang chịu áp lực, với tổng vốn hóa thị trường giảm và tâm lý nằm trong vùng sợ hãi cực độ. Các altcoin đang theo sau Bitcoin giảm, củng cố tâm lý tránh rủi ro trên toàn thị trường.