Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.
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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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.
MEME0.24%
SOL-1.51%
PUMP1.2%
ETH-1.07%
MarketWhisper·4m 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·5m 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-0.63%
ETH-1.07%
MarketWhisper·9m 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-2.36%
USD10.01%
MarketWhisper·12m ago
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Crypto PAC Pledges $1.5M to Unseat Al Green in Texas

Protect Progress plans to spend $1.5 million on efforts to oppose Rep. Al Green in Texas. The cryptocurrency industry remains a significant investor in political campaigns in the U.S. Christian Menefee supports blockchain innovation and could benefit from pro-crypto funding. The pro-crypto polit
POL5.57%
TheNewsCrypto·15m ago

Ripple CTO Calls Bitcoin ‘Technological Dead End’ as XRP Community Predicts $22.6 Flip by 2032

David Schwartz, Ripple’s Emeritus Chief Technology Officer, ignited a fresh crypto civil war on February 12, 2026, by declaring Bitcoin a “technological dead end” that now relies entirely on adoption and network effects rather than innovation. His remarks came during a heated exchange over XRP Ledger decentralization, where Schwartz pointed to Bitcoin’s 2010 and 2013 coordinated rollbacks as proof that no blockchain is truly immune to governance intervention. Hours later, XRP community influ
CryptopulseElite·15m ago
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ETHZilla Sells Off Ethereum to Launch Jet Engine! $12.2M Transition to RWA Tokenization

Cryptocurrency finance company ETHZilla launches Eurus Aero Token I, supported by two leased commercial jet engines to a leading American airline. Each token is priced at $100, with a minimum purchase of 10 tokens, aiming to hold until 2028. ETHZilla purchased these two engines in January for $12.2 million, funded by the sale of part of its ETH reserves.
ETH-1.07%
RWA-3.62%
AERO-2.45%
TOKEN-6.16%
MarketWhisper·21m ago
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U.S. Prosecutor Warns to Beware of Love Scams on Valentine's Day! San Jose Widow Loses Nearly $100,000

The Northern District of Ohio Prosecutor's Office warned on Thursday to be cautious of love scams during Valentine's Day, as crypto fraud and organized crime networks target the peak sales season. Authorities urge the public to stay vigilant, as scammers exploit online relationships to steal money, often building trust over weeks or months before luring victims into crypto payments and fake investment schemes. San Jose widow Margaret Loke lost nearly $1 million in the scam.
MarketWhisper·34m ago
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Account evaporation of $318 million! Hyperliquid Strategies bets on HYPE and hits a snag

Hyperliquid Strategies confirms quarterly losses of $318 million, of which $262 million is attributed to unrealized losses on the HYPE token. The sharp decline in token valuation directly impacts the balance sheet, and market volatility has intensified losses. Although there have been no large-scale liquidations, the valuation impact reveals how token concentration can amplify downside risk.
HYPE2.23%
MarketWhisper·41m ago
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Trump’s World Liberty Forum Draws Goldman, FIFA, CFTC Chair as $1.4B Crypto Empire Expands Under Political Fire

World Liberty Financial will host its inaugural World Liberty Forum at Mar-a-Lago on February 18, 2026, assembling 300 global leaders including Goldman Sachs CEO David Solomon, FIFA President Gianni Infantino, and CFTC Chairman Michael Selig. The gathering comes as the Trump family’s crypto venture has generated \$1.4 billion in 16 months—more than Trump’s real estate empire produced in eight years—through WLFI token sales, a \$500 million UAE stake acquisition, and a rapidly growing USD
CryptopulseElite·44m ago
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