Spot silver surges 5.00% intraday, currently at $79.11 per ounce

Digital assets + TradFi full integration: tokenized stocks, USDT settlement, and 24-hour trading reshape the global market

On February 13, it was reported that the global financial system is undergoing a profound restructuring. Digital assets, once considered a "parallel world" to traditional finance (TradFi), have now formed a tightly connected trading network. Cryptocurrencies, born 16 years ago, have evolved from fringe experiments into a vital part of the mainstream capital system and are changing the way funds flow across markets. The core driver of this trend is the rise of new-generation integrated trading platforms. They break down long-standing asset barriers, enabling more efficient switching between cryptocurrencies, stocks, forex, and commodities. Through native digital settlement mechanisms, real-time confirmation, and lower cost structures, investors can achieve multi-asset allocation within the same ecosystem, avoiding frequent transfers of funds between traditional banks and brokerage systems.

Russia's return to USD settlement triggers market turbulence. Can Bitcoin brew a reversal above $60,000?

February 13 News, geopolitical tensions continue to impact global risk assets. Since the beginning of this week, financial market capitalization has evaporated by approximately $120 billion, with major stock indices retreating to pre-election levels. Amid rising risk aversion, gold initially rebounded but experienced a 3.19% decline on February 12, indicating that market sentiment is still rapidly shifting. On the same trading day, Bitcoin fell by 1.2%, and the U.S. stock market's S&P 500 index dropped by 1.57%, showing a synchronized weakening trend. Bloomberg reported that Russia is re-expanding the use of the US dollar in cross-border settlements, a move seen as an important signal for the global currency landscape. From a technical perspective, the US dollar index, after more than a year of correction, has returned to the 2022 range, and the potential for a rebound could enhance the attractiveness of dollar assets.

Cathie Wood strikes again: Ark invests over $20 million to increase holdings in Bitmine and Bullish, betting on a reversal after the decline in crypto assets

On February 13, Cathie Wood's Ark Invest once again increased its holdings in cryptocurrency-related stocks, defying market sentiment and making contrarian moves. According to disclosed data, Ark purchased a total of 212,314 shares of Ethereum treasury company Bitmine through three ETFs, worth approximately $4.2 million based on the closing price of the day. Bitmine rose slightly by 1.4% that day to $19.74, but has declined by 36.7% over the past month. On the same day, Ark also increased its holdings by 74,323 shares of Bullish stock, valued at about $2.4 million. This marks Ark's 11th consecutive trading day of adding to this position. Bullish closed down 0.5% at $31.71 that day, with a nearly 30-day decline of 18%. Additionally, Ark bought approximately $12.4 million worth of 174,767 Robinhood shares, which fell 8.9% on the day, with a monthly decline expanding to 40%.

COIN's earnings report "slows down," prompting Wall Street to collectively cut target prices, with the stock price down 40% year-to-date.

On February 13, news reports that the US leading cryptocurrency company announced its Q4 earnings that fell short of market expectations, quickly prompting Wall Street analysts to collectively revise their ratings and target prices. Institutions such as JPMorgan Chase and Canaccord have downgraded their valuation expectations for COIN, reflecting the ongoing impact of the current crypto market weakness on the company's fundamentals. JPMorgan Chase pointed out that the decline in digital asset prices and trading activity directly compressed COIN's trading volume and fee income. Although the bank maintained an "Overweight" rating, it lowered its target price from $290 to $252. Analyst Kenneth Worthington's team mentioned that operating expenses increased by 22% year-over-year, and the shift towards low-fee advanced trading models and subscription services has put short-term pressure on profit margins.

BlackRock executive denies the speculation that "IBIT hedge fund collapse triggered a Bitcoin plunge": IBIT is very stable, with fund redemptions only at 0.2%

BlackRock Digital Asset Head Robert Mitchnick stated that institutional investors and banks are buying Bitcoin on dips, and clarified that the IBIT hedge fund collapse did not cause a significant drop in Bitcoin. The market reflects the steady stance of long-term investors.

Anthropic valuation soars to $380 billion: Will the AI capital frenzy intensify Bitcoin market volatility?

On February 13, news broke that Anthropic, OpenAI's strongest competitor, announced the completion of a $30 billion Series G funding round, with a post-money valuation of approximately $380 billion, reigniting global capital enthusiasm for the artificial intelligence sector. This round was led by GIC and Coatue, with participation from Founders Fund, Sequoia Capital, BlackRock, Temasek, Microsoft, NVIDIA, and other institutions. Meanwhile, the company's annual revenue has risen to about $14 billion, maintaining a tenfold growth over three years, and is expected to approach $18 billion this year. This phenomenon not only reshapes the landscape of tech investment but also subtly influences the capital structure of digital assets. As AI tools can replace various SaaS services, enterprise software valuations come under pressure. Bloomberg reported that in early February, software stocks lost approximately $285 billion in market value over a single week. Market analyst Jim Bianco pointed out that the trends of Bitcoin and software stocks are highly synchronized, driven by the same underlying force: the flow of private credit funds.