Gate Cryptocurrency News and Market Analysis

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Gate Daily (February 13): Standard Chartered Bank warns Bitcoin may drop to $50,000; PGI CEO sentenced to 20 years in prison for $200 million scam

Gate Daily (February 13): Standard Chartered Bank warns Bitcoin may drop to $50,000; PGI CEO sentenced to 20 years in prison for $200 million scam

Bitcoin (BTC) continues its sluggish trend, trading around $66,050 on February 13. Standard Chartered Bank warns that Bitcoin may drop to $50,000 before rebounding, with a year-end target price lowered to $100,000. The U.S. Department of Justice announced that PGI CEO was sentenced to 20 years in prison for allegedly running a $200 million Bitcoin Ponzi scheme.

Federal Reserve Document Reveals: Cryptocurrency Derivatives Risk Weights Are Independent, Higher Volatility Requires Higher Margin

The Federal Reserve released new analytical recommendations on Wednesday, suggesting that cryptocurrencies be classified as a unique asset class used in "non-cleared" derivative markets (including OTC and other transactions not cleared through centralized clearinghouses) for initial margin requirements. The working paper notes that this is because cryptocurrencies are more volatile than traditional asset classes and do not fit into the asset class risk categories outlined in the standardized initial margin model (SIMM).

JPMorgan Turns Bullish Against the Trend! Bitcoin Bottom at 77,000, Betting on Hash Rate Rebound and Institutional Capital Flows

JPMorgan estimates the Bitcoin production cost has dropped to $77,000 due to recent declines in network hash rate and mining difficulty. The analyst team states that the decrease in mining difficulty alleviates pressure on remaining miners, but the rebound in hash rate indicates that difficulty and costs may rise during the next adjustment. JPMorgan remains optimistic about the crypto market in 2026, expecting institutional capital inflows to rebound, and the passage of the CLARITY bill will promote this trend.

Why did Bitcoin drop today? ETF outflows exceed $3.2 billion, and non-farm payrolls before CPI data crushed hopes for interest rate cuts.

Bitcoin drops to around $66,000, with US Bitcoin ETFs experiencing outflows of over $3.2 billion in the past 30 days. Data released on Wednesday shows that the US labor market in 2026 started stronger than expected, with non-farm payrolls increasing by 130,000 in January, well above expectations, and the unemployment rate decreasing from 4.4% to 4.3%. The January CPI release on Friday will be the next key point, with expectations of a 0.3% increase in both overall and core CPI month-over-month.

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How Does 2026 Chinese New Year Affects Bitcoin?

Chinese New Year historically triggers predictable Bitcoin patterns: 20% pre-holiday selloffs followed by 33% recoveries. According to 10x Research, buying BTC three days before and selling 10 days after generated 11% average ROI historically. China's 59.1 million crypto holders liquidate positions to fund celebrations, creating liquidity void that algos exploit.
MarketWhisper·9m ago
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Ripple’s Bank Charter Hangs on CLARITY Act as White House Sets March 1 Deadline—CEO Eyes $1 Trillion Prize

Ripple stands at the most consequential regulatory inflection point in its history. The company holds conditional OCC approval for a national trust bank charter—pending final sign-off—while the CLARITY Act, stalled since January with over 130 amendments, faces a White House-imposed March 1 deadline for banking and crypto industry consensus. Chief Legal Officer Stuart Alderoty described recent negotiations as “productive” and urged the industry to move “while the window is still open.” CE
CryptopulseElite·11m ago
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Bitcoin's New Year Price History: 2026 Crash Coming?

Bitcoin's New Year prices surged from $314 in 2015 to $94,419 in 2025—30,000%+ gains despite 70%+ drawdowns. However, the 2026 New Year opening at $87,508.40 marks 7.3% decline from 2025, validating analyst warnings of correction toward $69,700-$71,400 support zone.
MarketWhisper·13m ago
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ChatGPT Crypto Analysis 2026: Bitcoin $250K Bull or $55K Bear Scenario

ChatGPT crypto analysis 2026 reveals scenario-based forecasts as single-number predictions fail amid volatile ETF flows. Bitcoin ranges from $55K-$85K bear to $180K-$250K bull, while Ethereum spans $2K-$3.2K to $9K-$14K. This analysis combines institutional outlooks from Standard Chartered, Bloomberg Intelligence, and Fundstrat with market structure observations.
MarketWhisper·18m ago
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Year of the Horse meme coin Chinese memes explode! I'm riding the horse, dark horse, crying, success at once, who is the Golden Dog?

2026 Year of the Horse (Bing Wu Year) meme coins mainly feature Chinese themes, with "I’m on my horse" gaining the most attention, once soaring over 700%, with a market capitalization surpassing $52 million. The token name combines a Chinese swear word pun, quickly becoming popular in Chinese-speaking communities. Other popular ones include "Horse to Success" (a lucky phrase emphasizing the New Year atmosphere), "Dark Horse" (a narrative of reverse rise), "Crying Horse" (self-deprecating trapped emotions), "Teng Little Horse" (cute pet style), and others.
MEME0.1%
SOL-2.28%
PUMP-0.31%
ETH-1.53%
MarketWhisper·24m ago
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BlackRock Quietly Loads 9M Bitmine Shares Worth $246M—Even as Ethereum Whales Dump 160K ETH

BlackRock increased its stake in Bitmine Immersion Technologies by 165.6% in Q4 2025, now holding 9.05 million BMNR shares valued at \$246 million, betting on Bitmine’s rapidly growing Ethereum treasury, which holds 4.3 million ETH—3.5% of total supply—plus nearly \$10 billion in combined assets. Yet the institutional endorsement arrives as Ethereum itself trades at \$1,958, just 5% above critical support, with whales offloading 160,000 ETH in nine days. The contradiction captures crypto
CryptopulseElite·25m ago
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Multiple banks in Taiwan have had their cryptocurrency custody applications rejected! Warning accounts become obstacles

Several Taiwanese financial institutions, including private banks and pure online banks, have completed negotiations with partnered VASPs over the past year to submit applications to the Financial Supervisory Commission (FSC) for a trial virtual asset custody business. However, they have been repeatedly rejected. The FSC's reason is that "the number of warning accounts is too high," and they require banks to significantly reduce the number of warning accounts before their applications can have a chance of success.
BTC-1.19%
ETH-1.53%
MarketWhisper·29m ago
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WLFI plans to launch the World Swap foreign exchange trading platform! USD1 settlement competing with banking systems

World Liberty Financial (WLFI), supported by Trump, plans to launch the World Swap foreign exchange trading platform, co-founder Zak Folkman announced at the Hong Kong Consensus Conference. The platform will use WLFI's USD1 stablecoin as the settlement currency, aiming to transfer foreign exchange trading onto the blockchain. The global forex market has a daily trading volume of over $7 trillion, with most transactions currently conducted off-chain.
WLFI-2.54%
MarketWhisper·32m ago
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