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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First Brands $2.3 billion disappears into thin air! The Lehman Brothers tragedy repeats itself 17 years later

In September 2025, automotive parts manufacturer First Brands filed for Chapter 11 bankruptcy protection in a U.S. court, with only $12 million remaining in its bank accounts. The largest creditor, Raistone, claims that $2.3 billion in assets have vanished into thin air, and the total debt could be close to $12 billion. The case is expected to go to court in July 2026. Analysts compare the event to a potential Lehman Brothers moment.
MarketWhisper·5m ago
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Standard Chartered Cuts Bitcoin 2026 Target to $100K, Warns of $50K Bottom Before Recovery

Standard Chartered has slashed its 2026 Bitcoin forecast to \$100,000—down from \$150,000—and warned prices could slide to \$50,000 in the coming months. Persistent ETF outflows, unrealised losses among institutional buyers, and a hostile macro environment are driving the bank’s second downgrade since December. While near-term pain is expected, analysts insist the downturn is more orderly than 2022 and leave 2030 targets untouched. For investors, the message is clear: capitulation may not be ove
CryptopulseElite·7m ago
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Trust Wallet Security Hack: How to Safeguard Your Assets

Recent security incidents linked to wallet software have once again highlighted a central truth of crypto ownership: self-custody comes with responsibility. Following reports tied to a browser extension issue involving Trust Wallet Hack, users across the ecosystem are reassessing how they
DEFI12.5%
TOKEN1.37%
LiveBTCNews·12m ago

XRP Today's News: ETF Zero Outflows Outperform BTC, CPI Data Becomes the Key Catalyst

XRP follows the overall cryptocurrency market downward, currently at $1.36. However, in terms of capital flow, the XRP ETF has experienced zero outflows for eight consecutive days, while BTC has seen outflows of $276 million. Unemployment claims have decreased to 227,000, and the Federal Reserve's probability of cutting interest rates in March has risen to 7.8%, with a 63.9% chance in June. Looking ahead, Friday's CPI data release will be a key factor.
XRP-0.94%
BTC-1.39%
MarketWhisper·18m ago
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Pi coin falls below its all-time low! The unlocking wave at the 15th milestone deadline is pressuring the market, potentially triggering a new round of selling.

The Pi coin mainnet blockchain protocol underwent a key upgrade, with February 15th as the deadline for all mainnet nodes to complete the update. The Pi core team stated that 16 million users have migrated to the mainnet, which is based on the Stellar consensus protocol. However, due to the overall decline in the crypto market, Pi coin has fallen 12% over the past week, hitting a historic low of $0.132.
PI2.97%
MarketWhisper·42m ago
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Backed by the Big Five UK banks! LSEG proposes tokenized settlement, set to disrupt the TradFi market in 2026

London Stock Exchange Group (LSEG) announced on Thursday that it will establish an on-chain settlement system for institutional investors, named LSEG Digital Securities Depository, connecting traditional securities markets with blockchain networks. The system will operate across multiple blockchains, remain compatible with existing settlement platforms of banks and asset management firms, with the first deliverable planned for 2026.
MarketWhisper·1h ago
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Espresso: Rollup fragmentation has a solution, the end of centralized sequencers is here

As modular blockchain architecture becomes the mainstream narrative in the industry and Layer2 Rollup solutions emerge like mushrooms after rain, the core contradiction becomes increasingly apparent: the pursuit of high performance and low cost simultaneously has led the Rollup ecosystem into a dilemma of fragmentation and centralized ordering. Espresso aims to connect dispersed Rollups into a seamless, efficient, and censorship-resistant ecosystem through an innovative decentralized shared ordering network.
ESP-10.29%
ARB-0.9%
OP-0.05%
ETH-0.87%
MarketWhisper·1h ago
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Token transfer technology optimization completed! The countdown begins for the 16 million mainnet users entering the open phase

PaiCoin network blockchain migration speed has significantly increased, accelerating user wallet transfers to the mainnet. Migration refers to transferring eligible balances and accounts to the mainnet blockchain, marking the transition from the closed development phase to a mature on-chain ecosystem. PaiCoin currently has approximately 60 million registered users, with the number of users who have completed KYC and mainnet verification continuously growing. Based on the Stellar consensus protocol, nodes form a trusted group to reach an agreement on transaction ordering.
XLM-0.25%
MarketWhisper·1h ago
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Ripple CTO blasts Bitcoin technology dead end! Can XRP make a comeback over BTC through innovation?

Ripple Chief Technology Officer and one of the founders, David Schwartz, called Bitcoin a dead end in terms of technology, criticizing not the price but the architectural design. Schwartz's recent article pointed out that Bitcoin's continued dominance relies more on network effects than genuine innovation, warning that the lack of development could become a weakness in its growth phase. XRP is still in a downward channel but recently surged to $1.10, currently seeking support above $1.30.
XRP-0.94%
BTC-1.39%
MarketWhisper·1h ago
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