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Hyperliquid price action recently confirmed a breakout from a bullish reversal pattern, supported by a notable uptick in network revenue. 
Summary
Hyperliquid price has been in a downtrend for over a week.Weekly revenue generated on Hyperliquid has increased nearly 200% since late December.A falling wedge pattern confirmed on the 4-hour chart could position the token for further gains.
After rallying to a yearly high of $37.84 on Feb. 3, the Hyperliquid hype-1.47%Hyperliquid price retraced nearly 18% to $31.06 at the time of writing.
This downtrend coincided with wider weakness across altcoins and majors like Bitcoin (BTC) and Ethereum (ETH), partly driven by a stronger-than-expected U.S. labor market report, which reduced the likelihood of imminent Fed rate cuts. Meanwhile, significant whale selloffs have also hurt its price performance.
Despite the recent price dip, a key network metric suggests that the token could be up for a recovery soon.
Data from DeFiLlama show that the revenue generated by the network over the past week has surged nearly 200% over levels recorded around the end of December. This uptick in revenue follows a spike in commodities futures trading on the platform, especially silver and gold markets.
Increased trading activity directly benefits HYPE holders through its unique buyback and burn mechanism. Notably, the protocol uses 97% of the fees generated by the derivatives trading platform to buy back HYPE from the open market, thereby reducing the available supply, which ultimately helps in supporting the price against volatility. Additionally, if Hyperliquid pairs are used for these trades, the protocol can burn them permanently to further increase scarcity.
There’s also considerable hype around upcoming updates. The Hyperliquid team has teased plans to support outcome trading via the HIP 4 upgrade, a feature that would be useful for the burgeoning prediction markets. A testnet version of HIP 4 is currently live.
Hyperliquid price analysis
On the 4-hour chart, Hyperliquid price has broken out of a falling wedge pattern formed of two descending and converging trendlines. Once confirmed, this pattern has historically been a precursor to staunch rallies.
Hyperliquid price has broken out of a falling wedge pattern on the 4-hour chart — Feb. 13 | Source: crypto.news
Calculating a target based on this breakout would put HYPE on a path towards $36.70. This is calculated by adding the height of the pattern to the price at which it broke out of the upper trendline. At press time, this level lies roughly 18% above the current market price.
The MACD indicator appeared to favor the bullish prediction, with the MACD lines pointing steadily upward. At the same time, the Aroon Up was at 71.4% while the Aroon Down sat much lower at 28.57%, suggesting that bulls are still dominating the market direction.
However, it should be noted that broader market sentiment is playing a very important role in gauging market direction at the time, especially as BTC and ETH have been trading sideways this week. 
A sudden spike in volatility or a sharp correction in the majors, as seen earlier multiple times this year, could easily invalidate the bullish narrative and likely force the token back into a consolidation phase.

South Korean police lose Bitcoin seized in 2021 investigation

South Korea’s Gangnam Police Station has confirmed that 22 Bitcoins worth about ₩2.1 billion (roughly USD 1.6 million) were lost from police custody, authorities said on Friday.
Summary
Gangnam Police Station confirmed that 22 Bitcoin worth about $1.6 million have gone missing from custody after being seized in a 2021 investigation.The coins were discovered missing during a nationwide audit of digital asset handling, following a separate 320 Bitcoin loss at the Gwangju District Prosecutors’ Office last year.The physical cold wallet remains in police possession, but authorities say the Bitcoin were transferred out without authorization, prompting an internal probe.
The disappearance of the crypto assets, seized during an earlier investigation, was discovered during a nationwide review of virtual asset handling by law enforcement.
Seoul police lose seized Bitcoin, internal probe launched
The incident comes amid growing scrutiny of how police and prosecutors secure digital assets obtained in criminal cases, following a similar loss of 320 Bitcoin (BTC) from the Gwangju District Prosecutors’ Office last year.
Police said the 22 Bitcoin in question were voluntarily surrendered by suspects during a 2021 investigation and have been held in custody since then. During a recent internal check triggered by the Gwangju incident, investigators discovered the coins had been transferred out of the storage wallet without authorization.
Interestingly, the physical cold wallet, a USB-style device meant to securely store the private keys, was still in Gangnam Police’s possession, but the Bitcoins themselves were gone. This suggests the digital keys were accessed and the assets moved without leaving obvious signs of theft of the hardware itself.
The Gyeonggi Northern Provincial Police Agency has launched a formal internal investigation to determine exactly how the coins were transferred out and whether any personnel were involved.
So far, police have not publicly accused staff of criminal involvement, but officials said they are examining internal access logs, wallet key management procedures and any evidence of unauthorized digital transfers.
Authorities have not said whether any of the missing Bitcoin have been recovered or traced to external wallets, but investigators are reportedly reviewing blockchain transaction records.

Monero price rebounded nearly 15% over the past week to $350 as investors bought the recent dip to a yearly low. It is close to charting a bullish MACD crossover that could pave the way for more upside in the coming weeks.
Summary
Monero price is close to confirming a bullish MACD crossover on the daily chart.Recent dip buying and demand for privacy tokens have supported XMR price action. 
On the daily chart, Monero price is on the brink of confirming a bullish MACD crossover, which occurs when the MACD line crosses over the signal line. Such a crossover typically means that buying pressure has started to outweigh the sellers who had been dominating previously.
Monero price has confirmed a falling wedge pattern on the daily chart — Feb. 13 | Source: crypto.news
XMR price has also confirmed a breakout from a falling wedge pattern formed when an asset price trades within two converging and descending lines. A falling wedge breakout has historically been one of the most reliable indicators of an impending bullish reversal in trend.
For now, the next key resistance to watch lies at $375, the strong pivot reverse point of the Murray lines. A rally above this could trigger a sharp continuation to as high as $625, where the strong pivot reverse of the upper range lies. 
If bulls manage to push past that resistance, the next likely target would be a reclaim of the yearly high at $788.
Demand for Monero is on the rise
According to data from crypto.news, Monero xmr0.55%Monero price rallied to a weekly high of around $350 on Feb. 12, before stabilizing around $334 at press time.
Monero’s rally over the past months has largely been supported by renewed market chatter over privacy as a hedge, fueled by rising global surveillance concerns.
As the European Union prepares to implement stricter bans on anonymous accounts and privacy coins by 2027, and Dubai’s regulators tighten restrictions, users are moving toward XMR.
There’s also demand for the token across illicit marketplaces where bad actors use XMR to circumvent regulatory surveillance. Per a recent report from TRM Labs, nearly 48% of newly launched darknet markets now support XMR exclusively.
Holding a market cap of over $6.1 billion when writing, Monero has navigated a volatile start to the year. After soaring over 75% to a mid-January high of $788.50, the asset suffered a major correction that sent it tumbling to a yearly low of $284 last week.
The crash followed Bitcoin’s drop below the $75,000 psychological support level, an event that spooked the broader market and sparked billions of dollars in liquidations, with privacy coins bearing the brunt of the selloff.
Notably, as of press time, the total market cap of privacy coins was still in pain as it dropped nearly 12% over the past day to $11.4 billion. 
However, some of the major players, such as Monero, Zcash (ZEC), and Decred (DCR), have managed to hold gains so far this week as investors capitalized on the recent volatility through dip buying, likely viewing the recent sell-off as a long-term accumulation opportunity.

Bhutan has sold another 100 Bitcoin worth approximately $6.7 million, according to blockchain analytics platform Arkham Intelligence, which flagged the transaction in a recent post.
Summary
Bhutan sold another 100 BTC worth about $6.7 million, marking its third consecutive week of Bitcoin transfers, according to Arkham Intelligence.On-chain data shows structured, repeated deposits to a QCP-linked WBTC merchant address, suggesting gradual treasury management rather than a single large liquidation.Despite ongoing sales, Bhutan still holds roughly 5,600 BTC valued at around $372 million, keeping it among the largest sovereign Bitcoin holders.
On-chain data shared by Arkham shows the transfer occurred roughly 16 hours prior to the alert, with 100 Bitcoin (BTC) moved from wallets labeled as belonging to the Royal Government of Bhutan to an external address identified as a QCP-linked WBTC merchant deposit.
BHUTAN JUST SOLD $6.7 MILLION BTC

Bhutan has been selling Bitcoin every week for the past 3 weeks. pic.twitter.com/cLL3fb2Ckh— Arkham (@arkham) February 13, 2026
The transaction is part of what Arkham describes as three consecutive weeks of Bitcoin selling activity.
Bhutan’s weekly Bitcoin selling activity continues
The data indicates Bhutan has been gradually offloading Bitcoin in recent weeks.
Transaction history visible in Arkham’s dashboard shows multiple BTC transfers over recent weeks, including movements of 184 BTC and 100 BTC batches. The consistent pattern of deposits suggests structured selling rather than a single large liquidation.
Bhutan’s Bitcoin recent transfers | Source: Arkham
Moreover, Arkham previously reported that the country sold at least $100 million worth of BTC in September 2025, and the latest transaction suggests that the selling strategy is ongoing.
Bitcoin mining slows down after halving
Bhutan’s Bitcoin reserves are largely tied to its state-backed mining operations. The country had announced plans to scale its mining capacity to up to 600 megawatts in partnership with Bitdeer Technologies.
However, Arkham noted that on-chain mining inflows appear to have slowed following Bitcoin’s April 2024 halving event, which reduced block rewards and increased pressure on mining profitability.
The slowdown may be contributing to Bhutan’s gradual treasury sales.
Despite recent sales, Arkham data shows Bhutan still holds approximately 5,600 BTC, valued at around $372 million, across identified wallets. The holdings position Bhutan among the more significant sovereign Bitcoin holders globally.
Bhutan’s Bitcoin holdings | Source: Arkham
While the transfers do not necessarily confirm immediate market selling, repeated exchange-linked deposits often signal liquidity preparation. Market participants will likely monitor whether Bhutan’s weekly BTC movements continue in the coming weeks.

Binance rolls out its prepaid Mastercard crypto card to select CIS markets, offering instant crypto-to-fiat payments, cashback rewards, and a Valentine promo amid scam warnings.
Summary
Binance’s prepaid Mastercard crypto card now serves verified users in selected CIS countries, including Armenia, converting Bitcoin, Ethereum, stablecoins and 100+ tokens to local fiat at checkout.​The card supports in-store and online Mastercard payments, offers up to 2% cashback, and runs a Valentine-themed reward campaign with pink-icon tokens like AMP, UNI and DOT for referrals, top-ups, and trading.​U.S. prosecutors separately warn that Valentine’s Day is peak season for romance-linked crypto scams, urging users to distrust online-only partners and avoid sending funds to unverified platforms.
Binance has launched its prepaid Mastercard crypto card in several Commonwealth of Independent States countries, marketing lead Anka Tsintsadze confirmed on Friday.
The cryptocurrency exchange, the world’s largest by trading volume, made the Binance Mastercard available to verified users in select CIS jurisdictions including Armenia. The card allows users to convert bitcoin, ethereum, stablecoins and more than 100 supported tokens instantly into local fiat currency at checkout.
“Pay in crypto. Merchants get fiat or crypto. Best way to push crypto payments and adoption,” Binance co-founder Changpeng Zhao wrote on X, commenting on the service’s regional expansion.
According to Binance, the card supports both in-store and online transactions at outlets that accept Mastercard. Prepaid crypto card holders are eligible to receive up to 2% cashback on qualifying purchases, capped per month.
Users in the CIS can fund accounts using US dollars via credit or debit cards, Apple Pay, and Google Pay. In Uzbekistan, customers may deposit Uzbek som through the Humo card network, while those in Kazakhstan can top up balances in tenge through local banks and Mastercard channels.
The card enables customers to retain crypto holdings until the moment of purchase. When making payments, Binance executes the exchange at checkout, eliminating the need for cardholders to pre-convert their crypto into fiat.
The crypto-linked payment card will only be available to applicants who already hold an account with a provider that issues such cards, including a crypto exchange or a digital currency-supporting bank. Binance requires users to complete identity verification and anti-money laundering checks before ordering the card, including standard know-your-customer procedures.
Once approved, users can access card services without Binance administrative, processing, or annual fees, although third-party charges still apply in some cases, according to the company.
Prior to Friday’s announcement, the exchange had launched its card services in the UK, Austria, Belgium, Bulgaria, Croatia, the Republic of Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden. The CIS rollout extends Binance’s card footprint beyond the European Economic Area.
Binance also announced a Valentine-themed promotional campaign with a reward pool. The campaign runs for approximately one month, or until the rewards are fully distributed. The promotion features pink-themed crypto rewards and invites users to complete tasks within the Binance ecosystem.
Users can participate by referring friends, topping up wallets, or trading on Spot and Futures markets. The “Bring a Plus One” initiative rewards users for inviting new participants to the platform. “Love at First Top-Up” encourages participants to deposit via Binance P2P, fiat channels, card payments, or the Buy Crypto feature. Rewards can reach up to a set limit in tokens identified by a pink icon, including AMP, UNI, and DOT, according to Binance.
Separately, US prosecutors issued a warning Thursday that Valentine’s Day is a peak season for romance cryptocurrency scams. The US Attorney’s Office for the Northern District of Ohio advised citizens to be cautious of online relationships.
Attorney David Toepfer stated that fraudsters may have been building trust over weeks or months before February 14, luring victims into making crypto payments to fraudulent investment platforms. He listed several warning signs, including requests to move conversations from dating apps to WhatsApp or Telegram, early professions of love, refusal to meet in person, and demands for payment via crypto, gift cards, or wire transfers.
“Romance scammers are after your money, not your heart. They prey on trust and emotion, often targeting elderly Americans and vulnerable individuals. We encourage everyone to slow down, verify identities, and never send money to someone you have not met in person,” US Attorney Toepfer stated in the alert.

Mainland China widens its crypto ban to cover RMB-pegged stablecoins and tokenized real-world assets, even as Hong Kong pushes ahead with a licensed stablecoin regime.
Summary
A new joint notice from the PBoC, CSRC and other agencies extends China’s virtual currency ban to tokenized real-world assets, treating many RWA platforms as illegal finance if unlicensed.​The rules bar any domestic or controlled entity from issuing RMB-pegged stablecoins abroad without approval, tighten mining enforcement, and target “shadow” data centers that secretly run rigs.​Hong Kong moves in the opposite direction, with the HKMA preparing its first stablecoin licenses as firms like Ant Group and JD.com apply, even as Beijing flags crime and dollar-stablecoin risks.
China’s central bank and top regulatory authorities have extended the country’s cryptocurrency ban to include tokenization of real-world assets and stablecoins, according to a new regulatory notice.
China issues new stablecoin guidance
The People’s Bank of China and the China Securities Regulatory Commission, along with other agencies, released the notice to prevent and resolve risks associated with virtual currencies. Virtual currencies and mining remain completely prohibited in China under the expanded framework.
The notice requires prior authorization for the issuance of stablecoins tied to the renminbi outside the country. Domestic businesses and foreign entities under their control cannot issue virtual currencies worldwide unless they have obtained necessary permits from relevant authorities in accordance with applicable laws and regulations, the notice stated.
The regulatory framework emphasizes that monetary sovereignty is affected by stablecoins related to legal tender since they perform certain functions in circulation and usage. No entity or individual, domestic or foreign, can issue any RMB-pegged stablecoin outside the country without appropriate authorizations, according to the notice.
The notice reiterates the prohibition of virtual currency-related companies and the need to continue regulating virtual currency mining. The National Development and Reform Commission and relevant agencies will continue implementing stringent regulations on mining operations, the document stated.
Regulatory concerns include organizations appearing to be data centers but actually engaged in mining, managers moving equipment between areas to avoid local oversight, and correlation between some mining operations and speculation and trading in virtual currencies, according to the notice.
The notice establishes ground rules for tokenization of real-world assets, including compliance criteria. Regulators defined tokenization as using encryption and distributed ledger technology for the issuance and trading of rights to ownership, income, and other interests in assets.
Providing intermediary or technology services for RWA tokenization activities in China, as well as engaging in such activities, may be considered unlawful financial operations, the notice stated. The framework forbids the illegal sale of tokenized securities, the sale of securities to the public without proper authority, the trading of criminal securities or futures, and the solicitation of funds without a proper license.
The notice indicates possible exclusions for commercial operations carried out using specified financial infrastructure and with approval of relevant authorities under current laws and regulations. The entity with actual control over underlying assets is required to file a report with the CSRC before participating in related operations, according to regulatory guidelines.
Overseas issuance paperwork must describe the domestic filing company, underlying assets, token issuance strategy, and related details in depth, along with other relevant documentation, the notice stated.
Despite mainland opposition to cryptocurrency activity, the Hong Kong Monetary Authority is planning to grant an initial set of stablecoin licenses in March. Eddie Yue, chief executive of the HKMA, said in a Legislative Council meeting that a decision was hoped for by March.
The government is evaluating dozens of applications submitted by stablecoin issuers. The HKMA began accepting applications after Hong Kong passed a Stablecoins Ordinance requiring permits for entities that issue stablecoins in the territory or link them to the Hong Kong dollar.
Stablecoins are digital currencies designed to maintain steady values by being linked to assets such as traditional currencies or gold. The HKMA has discussed regional uses including tokenized deposit systems for foreign banks and cross-border payments, according to reports.
Ant Group and JD.com have expressed interest in Hong Kong’s licensing framework, according to the Financial Times. Preparations in Hong Kong were halted after Chinese authorities, notably the People’s Bank of China, raised reservations, the Financial Times reported.
China’s regulatory framework on cryptocurrency tightened from 2013 onward, and concerns about volatility and illegal activity led to a total ban on cryptocurrency transactions in 2021.
Recent research indicates that stablecoins were used by organized crime to move illicit funds, with daily transfers facilitated by complex networks, according to reports. Beijing’s concerns include the growing role of the US dollar in the digital asset market, especially dollar-tied stablecoins.
At a recent Senate Banking Committee hearing, the US Treasury Secretary said he “would not be surprised” if Hong Kong’s digital asset program were seen as an attempt to establish an alternative to American financial leadership.

XRP price could rally 100% if BlackRock files for an XRP ETF, as analysts flag a shift in institutional allocations beyond Bitcoin and Ethereum into alternative assets.
Summary
Analyst Zach Rector argues that today’s market differs from prior cycles as institutions diversify beyond Bitcoin and Ethereum, with early inflows into XRP-priced products seen as a sign of shifting allocations.​Rector says a formal BlackRock XRP ETF filing would be a structural catalyst, potentially doubling XRP by expanding regulated access, liquidity, and portfolio integration for large investors.​He notes that short-term pullbacks remain likely, but views current conditions as longer-term accumulation territory ahead of possible regulatory clarity, new products, and broader altcoin rotation.
A cryptocurrency analyst has projected that XRP xrp-0.05%XRP price could rally 100% if BlackRock Inc., the world’s largest asset manager, files for an XRP exchange-traded fund, according to statements reported by Finbold.
Zach Rector, a crypto market commentator who has followed digital asset markets for several years, stated that the current institutional environment represents a departure from previous market cycles. Rector cited growing diversification in institutional cryptocurrency allocations as evidence of changing investment patterns.

Recent fund flow data indicates selective outflows from certain Bitcoin and Ethereum investment products, while alternative cryptocurrency vehicles, including XRP-linked instruments, have begun attracting capital inflows. Market analysts have characterized this activity as potential evidence that institutional investors may be expanding exposure beyond Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization.
Rector stated that a formal ETF filing from BlackRock would constitute a structural shift in institutional access to XRP exposure. “And we’ll see XRP double when that happens,” Rector said, according to the report.
An ETF backed by BlackRock could expand institutional access to XRP, improve market liquidity, and strengthen the cryptocurrency’s positioning within traditional investment portfolios, according to market observers. Major ETF product launches have historically served as catalysts in cryptocurrency markets, particularly when associated with globally recognized asset management firms.
Rector noted that short-term price pullbacks remain possible as the broader cryptocurrency market moves toward stabilization. The analyst emphasized that longer-term positioning appears increasingly focused on accumulation ahead of potential institutional catalysts.
Regulatory clarity, new financial product launches, and sustained capital rotation into alternative digital assets could determine whether XRP becomes a primary beneficiary of institutional allocation trends, according to market analysts.#xrp $XRP