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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Bitcoin Open Interest at 2024 Lows: Is TradFi Abandoning BTC?

Bitcoin has struggled to stay above the $72,000 mark over the past week, as traders weigh whether a renewed institutional bid is at hand or merely a temporary pause in a broader risk-off cycle. While price action remains choppy, a dramatic shift sits in the derivatives market: aggregate open
CryptoBreaking·41m ago

US Fines Paxful $4M for Funds Linked to Trafficking and Fraud

In a high‑profile enforcement action, Paxful, the peer‑to‑peer crypto exchange, was ordered to pay $4 million after admitting it knowingly profited from criminals who used its platform due to lax anti‑money laundering controls. The Department of Justice outlined that Paxful pleaded guilty in
CryptoBreaking·46m ago

Ethereum ETF Holders Stare at 43% Losses as ETH Tumbles Below $2,000—Far Worse Than Bitcoin ETF

Bloomberg Intelligence data shows the average spot Ethereum ETF investor is sitting on a 43% unrealised loss, with an estimated cost basis of \$3,500 and ETH now trading near \$1,950. That is more than double the 21% drawdown suffered by Bitcoin ETF holders. Despite \$5.3 billion in paper losses, ETF outflows have been surprisingly modest—net inflows have only shrunk from \$15 billion to below \$12 billion—suggesting holders are refusing to capitulate. The question is not whether they ca
CryptopulseElite·49m ago
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SEC Chair Atkins Signals Regulatory Crackdown on $63.5B Prediction Market Boom

SEC Chair Paul Atkins told the Senate Banking Committee on February 12, 2026, that prediction markets are a "huge issue" requiring potential joint oversight with the CFTC. The \$63.5 billion sector—dominated by Kalshi and Polymarket—has quadrupled in size since the 2024 election cycle, triggering federal jurisdiction questions and state lawsuits over unlicensed sports betting. Atkins asserted the SEC already has "enough authority" to act without new legislation, marking the first major s
CryptopulseElite·1h ago
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Polymarket pushes 5-minute Bitcoin price prediction! Traders bet on short-term speculation

Prediction Platform Polymarket recently launched a new feature that allows users to place bets on cryptocurrency price movements every five minutes. This event indicates a growing demand among traders and investors for real-time crypto sentiment data. The target users for this feature are day traders and crypto enthusiasts seeking a fast-paced trading experience, as Bitcoin's recent price decline has become increasingly volatile, intensifying short-term fluctuations.
ETH-1.13%
XRP-1.3%
SOL-2.55%
MarketWhisper·1h ago
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The UAE Central Bank approves the Dirham stablecoin DDSC! Middle East's first machine-to-machine payment goes live

The Central Bank of the United Arab Emirates has approved Abu Dhabi First Bank's UAE Dirham stablecoin DDSC, which is now live on the Layer 2 blockchain ADI Chain. DDSC will be used for payments and collections, settlement, fund operations, trade supply chain flows for institutional and government entities, as well as providing programmable financial services for regulated entities.
MarketWhisper·1h ago
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Argentina strips cryptocurrency wallet salary rights! Banks lobby wins over 90% public opinion

The Argentine Congress removed the digital wallet salary option from the labor reform bill, with banking industry lobbying influencing the Senate vote. Most Argentinians support the freedom to choose where to deposit their salaries. Argentina's current laws require employees to deposit their wages into traditional bank accounts, but digital wallet adoption has grown significantly over the past decades. A 2022 survey by the Central Bank of Argentina found that only 47% of Argentinians have a bank account, mainly due to long-standing distrust of the traditional banking system.
MarketWhisper·1h ago
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Fed Proposes Treating Crypto as Distinct Asset Class for Derivatives Margin Rules

Federal Reserve researchers published a working paper on February 11, 2026, recommending that crypto assets be removed from traditional SIMM categories and assigned their own risk weights for uncleared derivatives margin requirements. The proposal separates floating cryptocurrencies like Bitcoin and Ethereum from pegged stablecoins, and introduces a 50/50 benchmark index to calibrate volatility-driven collateral levels. This marks the first formal acknowledgment by the U.S. central bank
CryptopulseElite·1h ago
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JPMorgan Cuts Bitcoin Production Cost to $77K, Stays Positive on Crypto in 2026

JPMorgan estimates Bitcoin’s production cost has dropped to \$77,000 from \$90,000 since January, driven by a 15% decline in mining difficulty—the steepest since China’s 2021 ban. Historically a soft price floor, this level suggests miner capitulation is nearing its end. The bank remains bullish on 2026, forecasting institutional inflows, not retail speculation, to fuel the next rally, and reiterates its \$266,000 long‑term Bitcoin target.
CryptopulseElite·1h ago
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