U.today

The cryptocurrency market isreeling from one of the most violent capitulation events in its history.

On-chain data confirms that Feb. 5 will go down as a historic day of pain for digital asset holders.

According to analytics firm CryptoQuant, investors locked in a staggering $3.2 billion in realized losses in a single 24-hour period.

A major capitulation event

The metric tracks the net dollar value of all coins moved on-chain compared to the price at which they were last moved.

The massive red bars indicate periods where investors are predominantly selling at a loss.

Over the last week, the market has realized an average of $2.3 billion in losses every single day.

As noted by the analyst, this magnitude places the current crash in the "top 3-5 loss events ever recorded."

The chart allows us to compare the 2026 spike against Bitcoin's most infamous crashes.

May 2021 (the China ban) is the tallest red spike on the chart. This occurred when Bitcoin dropped from $60,000 to $30,999 following China's mining ban.

The Terra/Luna & 3AC Collapse was the second cluster of massive red bars. This was a credit crisis that forced institutional giants to liquidate assets at depressed prices.

The FTX explosion marked yet another wider spike. The psychological capitulation was extreme, with Bitcoin collapsing to just $15,000.

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The February 2026 event is visually comparable to the June 2022 deleveraging event.

More pain?

Despite the severity of the capitulation, the worst might not be over for members of the cryptocurrency community. Standard Chartered has issued a cautionary note to cryptocurrency investors, warning that the market is poised for a significant correction.

Standard Chartered believes Bitcoin could slide as low as $50,000, with Ether potentially tumbling to $1,400.

Kendrick argues that the macro environment is flashing warning signs. The softening U.S. economy, delayed risk cuts, and ETF outflows could jointly contribute to lower cryptocurrency prices.

Brad Garlinghouse reaffirms XRP as central part of Ripple

Ripple CEO took to X Spaces toreassure XRP investors about the company's priorities.

XRP as liquidity. Brad Garlinghouse reaffirmed that XRP is the “North Star” and “heartbeat” of Ripple.

During a recent appearance on X's "Spaces," Ripple CEO Brad Garlinghouse stressed that XRP is the "North Star" for Ripple.

"It's our purpose. When we think about what we are doing on Ripple Payments, or Ripple Prime, or Ripple Treasury, or Custody, or RLUSD, this is all focused on how we can drive utility, trust, and…liquidity around XRP and the XRP Ledger," Garlinghouse said.

XRP is the "heartbeat" of Ripple, which is a platform company for financial infrastructure.

XRP vs. Bitcoin. According to Garlinghouse, XRP ranks among the best-performing major cryptocurrencies since November 2024, while Bitcoin remains essentially flat.

Garlinghouse also acknowledged that last week was an absolute "bloodbath" for the market. He has described the current state of the market as "frustrating." However, as reported by U.Today, Garlinghouse recently suggested that there could be a buying opportunity.

The drawdown is comparable to the 2022 bear cycle, but crypto has done better than that, Garlinghouse says. Moreover, as he noted, XRP is one of the best-performing major cryptocurrencies since November 2024. Bitcoin, for comparison, is essentially flat.

"It is important to zoom out and look at the broader landscape as well," he said.

Shiba Inu slides to 2023 lows as bearish pressure persists.

SHIB pricestruggles amid crypto market correction.

Price downtrend. SHIB has fallen to price levels last seen in 2023.

Shiba Inu's price has dropped to levels not seen since 2023, continuing a long-running downward trend that has gradually undermined investor confidence in meme coins and a large portion of the altcoin market as a whole.

SHIB has recently broken below a number of technical supports, and rallies have consistently failed as sellers continue to control the momentum. It is still evident that the chart structure is bearish.

Cutting losses. A volume spike during the latest decline suggests ongoing capitulation.

Stabilization attempts have been short-lived, and every bounce has been followed by new distribution. A spike in volume during a decline indicates that some holders are still pulling out of their positions, either by reducing their losses or moving their money to other places.

Although short-term relief rallies may result from oversold conditions, a significant recovery would probably necessitate larger inflows into riskier assets across the cryptocurrency market.

In the absence of that, SHIB might keep moving lower or sideways as traders continue to exercise caution.

Bitcoin sees brief spike after US jobs report

Traders have grappled with a January jobs report thatdoubled expectations.

BTC price rebound. Bitcoin showed limited volatility on Wednesday morning, following the release of the delayed January jobs report from the Bureau of Labor Statistics.

Bitcoin witnessed low volatility on Wednesday morning after the Bureau of Labor Statistics released its delayed January jobs report. The leading cryptocurrency experienced a rather brief price spike before paring modest gains after traders digested the data.

False rally. The move was short-lived, likely driven by algorithmic trading, as gains were quickly pared.

Earlier, Bitcoin was under bearish pressure ahead of the release. At exactly 13:30, the chart registers a significant green candle, reaching a peak of roughly $67,400.

The spike was notably short-lived since it was likely driven by algorithmic trading. The leading cryptocurrency is down roughly 8% over the past week, and it is currently on track to finish this month well in the red.

Binance, the world's largest cryptocurrency exchange by volume, has wrapped up the integration of Ripple USD (RLUSD) on the XRP Ledger (XRPL).

According to the official support page, deposits for RLUSD via the XRP Ledger are now open.

This integration follows Binance's initial listing of RLUSD in January, which was primarily supported on the Ethereum network.

Users can now bypass Ethereum's higher gas fees and slower settlement times and take advantage of extremely low transaction costs associated with the XRP Ledger.

The community has been anticipating this specific update since it was teased by Jack McDonald, Ripple’s Senior Vice President of Stablecoins.

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McDonald recently stressed that the deep integration with the XRP Ledger was the "endgame" for the stablecoin’s utility. This means that Ripple's stablecoin team is moving beyond just focusing on securing a higher number of listings.

The $1.5 billion milestone

According to CoinGecko data, the Ripple USD (RLUSD) stablecoin has now crossed $1.5 billion in market capitalization.

The latest mints have propelled the highly regulated stablecoin to 51st place among all cryptocurrencies.

The first week of February witnessed a significant acceleration in the issuance of Ripple USD (RLUSD), with the Treasury minting approximately 147.2 million tokens in a rapid-fire sequence of transactions designed to bolster liquidity across both the XRP Ledger and Ethereum networks.

The activity kicked off aggressively on Feb. 2, when the Treasury generated a massive 59 million RLUSD in a single tranche recorded on the XRP Ledger, signaling a strong push to deepen native liquidity. This was accompanied by another substantial mint of 28.2 million RLUSD on the same day, setting a high-velocity tone for the week.

Shiba Inu (SHIB) surged almost 4% on Thursday, stabilizing around $0.0000061 as digital asset markets prepare for Friday's U.S. Consumer Price Index (CPI) release. According to theofficial Bureau of Labor Statistics calendar, this high-impact macro event falls on Friday the 13th. While retail circles discuss the date's superstitions, institutional positioning is focused on the 2.5% consensus forecast. A print in line with or below this expectation could validate the current "risk-on" momentum across the altcoin sector.

Technical rebound and "hidden beta" play

Leaving superstitions aside,SHIB's price action shows a calculated technical rebound. The asset is currently acting as a hidden beta play, tracking Ethereum’s macro-sensitive volatility curve with a slight lag.

SHIB is staging its rally from a well-defined accumulation base between $0.0000055 and $0.000006, which has acted as a magnet for short-term buyers. This consolidation follows a breakdown from $0.0000068 that notably lacked volume-confirmed capitulation, suggesting that midterm holders are not exiting their positions.

Key targets and liquidity pools for SHIB

Liquidity pools near the $0.0000065 level remain uncollected, making that zone the primary target for breakout plays driven by Friday's volatility.

Upside Resistance: While $0.0000068 and $0.000009 per SHIB remain anchored, on-chain data shows no major "sell walls" in the immediate path.Downside Support: If the CPI data surprises to the upside (exceeding 2.5%), expect a reversion to the $0.0000059 support zone.

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Ultimately, the meme coin's move today represents a reversion to the statistical mean rather than speculative hype. Friday’s CPI release will determine if theShiba Inu coin remains a sentiment anomaly or becomes a technically aligned frontrunner for the remainder of February.

The market is trying to come back to the green zone, according to CoinMarketCap.

XRP/USD

The rate of XRP has risen by 2.04% over the last 24 hours.

On the hourly chart, the price of XRP is falling after setting local resistance at $1.4082. If bulls cannot seize the initiative, one should expect a test of the support by tomorrow.

On the longer time frame, none of the sides is dominating, as the rate of XRP is far from the main levels.

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The volume remains low, which means sideways trading around the current prices is the most likely scenario until the end of the week.

From the midterm point of view, the situation is similar. The price of XRP is in the middle of the wide channel, between the support at $1.1371 and the resistance at $1.8209. All in all, traders may expect ongoing consolidation in the zone of $1.20-$1.50 for the rest of the month.

XRP is trading at $1.3840 at press time.

XRP Treasury company Evernorth has shared an interesting fact about Goldman Sachs's recently announced XRP position worth $152 million.

In a tweet, Evernorth shared that $152 million in XRP held by Goldman Sachs would account for 14% of net XRP ETF inflows in the past year.

In a tweet, Evernorth stated that Goldman Sachs disclosed that, as of the end of Q4, 2025, it bought and held $152 million worth of XRP ETFs. "That would account for nearly 14% of net XRP ETF inflows last year," Evernorth added.

JUST OUT: @GoldmanSachs has disclosed that, as of the end of Q4’25, they’d bought and held $152mm of XRP ETFs. That would account for ~14% of net XRP ETF inflows last year!

— evernorthxrp (@evernorthxrp) February 12, 2026

Evernorth says this points to the fact that XRP ETFs are working, providing regulated, institutional access at scale.

In a recent filing, which covers the fourth quarter of 2025, Goldman’s new positions are held entirely through U.S. spot ETFs rather than direct token ownership. The bank’s $152 million XRP bet is spread across several issuers: Bitwise XRP ETF ($39.8 million), Franklin XRP Trust ($38.5 million), Grayscale XRP Trust ($38.0 million) and 21Shares XRP ETF ($35.9 million).

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Recent data from SoSoValue shows cumulative total net inflow for XRP ETFs to be currently at $1.23 billion, as of Feb. 11.

XRP news

Binance has completed the integration of Ripple USD (RLUSD) on the XRP (XRP Ledger) network.

On Feb. 11 and 12, XRP holders, builders, institutions and Ripple leaders convened for XRP Community Day 2026.

At the XRP community event, Ripple CEO Brad Garlinghouse stated that XRP is the "North Star" for Ripple. The Ripple CEO highlighted how Ripple Payments, Ripple Prime and Ripple Treasury all drive utility and liquidity around XRP.

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Ripple President Monica Long echoed this view, saying XRP remains Ripple's North Star, being at the center of everything the company is building.

With the DEX and lending features coming to the forefront in 2026, Long said XRP Ledger is ready for the world stage, with Ripple building the future of value and XRP being at the heart of it.

At the XRP community event, the XRPL Foundation announced the appointment of Brett Mollin as its new executive director.

Wall Street’s confidence in Coinbase Global Inc. (COIN) continued to crumble

Analysts at Monness, Crespi, Hardt hasslammed cryptocurrency giant Coinbase with a rather rare double downgrade. The stock of America's leading cryptocurrency exchange has been slashed directly from "Buy" to "Sell."

The firm cited "prolonged crypto market weakness" as the key reason behind the downgrade.

More pain?

The downgrade is particularly stinging because it does not foresee a speedy recovery for the embattled market.

Monness, Crespi, Hardt cut their forecasts for Coinbase’s revenue, EBITDA, and earnings per share (EPS). The firm expects the current market malaise to last for over a year.

Coinbase's stock has already been hammered, but the firm believes that a 50% drop is not enough.

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Typically, a drop of that magnitude might tempt analysts to move to a neutral "Hold" stance.

However, Monness, Crespi, Hardt argues that the stock is still not cheap enough. The duration of the downturn is yet to be fully priced in by the market.

Is Wall Street giving up on Coinbase?

Coinbase Global Inc. is facing its most severe crisis of confidence on Wall Street since the 2022 bear market. Over the last 48 hours, a cascade of analyst downgrades and price target slashes has hit the stock

As reported by U.Today, Coinbase's stock was recently hit hard by JPMorgan cutting its target to $290.

Compass Point also cut its target from $230 to $190, arguing that the stock had "decelerating momentum."

In the meantime, Coinbase CEO Brian Armstrong is no longer among the top 500 richest people following the stock plunge.

Ethereum might finally be headed for a major price breakout as recent on-chain metrics signal rising investor demands despite a recent crypto market downturn.

While the negative market conditions have sparked rising selling pressure across the broad crypto market and were well reflected on Ethereum’s performance over the period, momentum appears to be shifting.

On Thursday Feb. 12, popular crypto analyst Ali Martinez, showcased data from Santiment, revealing that a massive 330,000 Ethereum have been scooped in major buy attempts in the past week.

330,000 Ethereum $ETH, worth over $660 million, were withdrawn from exchanges in the past week. pic.twitter.com/CcyYge16wc

— Ali Charts (@alicharts) February 12, 2026

While Ethereum has been trading around the $2,000 mark during the period, this massive accumulation saw over $660,000,000 worth of ETH tokens withdrawn from exchanges within seven days.

Considering the bearish market sentiment during the period, the accumulation has sparked discussion across the crypto market as it signals renewed interest among investors despite the prolonged volatility.

Ethereum set for recovery?

While the massive Ethereum withdrawal from exchanges signals growing demand and rising buying activities, Ethereum appears to be responding to this metric positively.

After multiple days of trading in deep red territory, data from CoinMarketCap shows that the asset is finally flashing signs of a potential price recovery as it has surged decently by 1.33% over the last 24 hours.

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While the price increase is moving at a slow pace, investors are optimistic for a more rapid price increase in the near future if momentum returns to the market. Nonetheless, Ethereum is trading $1,966 as of writing time.

Ethereum open interest declines

Following the mild resurgence seen in the price of Ethereum over the last 24 hours, its futures activities have also shown decent strength. Data from CoinGlass shows that the Ethereum open interest across all exchanges has surged by 2.76% during the same period.

The positive open interest accompanied with a slow price surge suggests that the asset is gradually regaining momentum despite broader market downside pressure.

Nonetheless, CME futures traders appear to be lagging in contrast to performances pulled off by other exchanges as the Ethereum open interest on CME has slumped by 2.02%.

Geoff Kendrick of Standard Chartered warns that Bitcoin could test $50,000 before recovering, as ETF outflows and a weaker macroeconomic environment pressure prices. The bank reduced its 2026 Bitcoin price forecast from $150,000 to $100,000, citing deteriorating risk appetite and fading expectations for near-term Federal Reserve rate cuts. The information about the outlook was provided byWalter Bloomberg, citing the original client-only note of Standard Chartered.

STANCHART CUTS BITCOIN TARGET, WARNS OF FURTHER DROPSStandard Chartered slashed its end-2026 Bitcoin target to $100,000 from $150,000, its second cut in three months, and warned prices could fall to $50,000 before recovering.The bank cited ETF outflows, a weaker macro… pic.twitter.com/xZQTfT5bNt

— *Walter Bloomberg (@DeItaone) February 12, 2026

At the time of writing,Bitcoin was trading near $67,869 after hitting a 16-month low of $60,000 last week, marking a decline of more than 40% from its October peak. Ether changed hands at around $1,984 after reaching $1,751, a nine-month low.

Kendrick now sees Ethereum potentially sliding toward $1,400 before stabilizing. He characterizes the current phase as vulnerable to further downside if capital continues to exit digital asset investment products.

Why $50,000 is now in play

The central driver behind the revised outlook, as Kendrick frames it, is ETF-driven pressure. As economic data point to a softer growth environment and markets scale back expectations for Fed easing until at least June, nearly $8 billion have been withdrawn from U.S. spotBitcoin ETFs.

In this context, Bitcoin’s correlation with broader risk assets has become apparent again. If redemptions persist, spot sales underlying ETF flows could push the asset toward the $50,000 level, which is viewed as a technical and psychological test zone.

Standard Chartered emphasizes that the current decline has been more orderly than previous crypto downturns, with less evidence of disorderly leverage cascades.

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Bear Case

Continued ETF outflows intensify.Fed rate cuts postponed further into the second half of 2026.Broader equity weakness affects digital assets.Bitcoin tests $50,000, Ether approaches $1,400.

Bull Case

ETF flows stabilize and gradually return.Clearer Fed easing timeline restores allocation to risk assets.Long-term institutional adoption thesis remains intact.Bitcoin recovers toward $100,000 by the end of 2026.

All things considered, the bank’s downgrade reframes the path forward as conditional on macro stabilization and ETF demand recovery, rather than speculative expansion alone.

In a final update on its SAFU Fund Asset Conversion, Binance stated it has completed the final tranche purchase of 4,545 BTC, completing the $1 billion transition of SAFU stablecoin reserves into Bitcoin.

Binance noted that the transition was completed within 30 days of the initial announcement, as it committed. The SAFU fund now holds 15,000 BTC, worth $1,005,000,000 at the time of completion (calculated at a BTC price of $67,000).

Binance added that the SAFU Fund, now fully in Bitcoin, reinforces its belief in BTC as the premier long-term reserve asset.

The news of Binance completing the $1 billion transition of SAFU stablecoin reserves into Bitcoin caught the attention of the crypto community on X.

An X user commended this move while highlighting a recent FUD trend against Binance. This caught the attention of Binance cofounder Changpeng "CZ" Zhao, who expressed optimism about the SAFU Fund, which he says might work out pretty well in the long run.

"Could be wrong, but I have a feeling it might work out pretty well for the SAFU fund in the end. Save the tweet. Can revisit later," CZ said.

Could be wrong, but I have a feeling it might work out pretty well for the SAFU fund in the end. 😆Save the tweet. Can revisit later.

— CZ 🔶 BNB (@cz_binance) February 12, 2026

SAFU represents a security fund launched by Binance to protect users from losses due to unforeseen events, such as hacks. At January's close, Binance revealed a plan to convert $1 billion worth of dollar-pegged tokens into Bitcoin for the fund over the next 30 days and pledged to replenish the amount if the value fell below $800 million due to price volatility.

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This approach, however, carries its own risk. A Bitcoin-backed SAFU fund might fluctuate in value alongside the broader market, highlighting the importance of Binance’s promise to replenish it during periods of volatility.

Binance news

Binance recently announced an initiative with Franklin Templeton to launch an institutional collateral program, enabling tokenized money market fund (MMF) shares issued via Franklin Templeton’s Benji Technology Platform to be used as collateral on Binance. This is the first initiative under Binance and Franklin Templeton’s partnership announced last year.

In the new listing, Binance will list Espresso (ESP) and open trading for Spot Trading Pairs ESP/USDT, ESP/USDC and ESP/TRY on Feb. 12. Withdrawals will open on Feb. 13 at 1:00 p.m. (UTC).

In upcoming delistings, Binance will remove and cease trading for AT/BNB, AVAX/BNB, BANANA/BTC, COTI/BTC, FF/BNB, HIVE/BTC, IO/BNB, LRC/BTC, MANA/BTC, SAGA/BNB, W/FDUSD, XPL/BNB and ZK/BTC trading pairs on Feb. 13 at 8:00 a.m. (UTC).

Bitcoin (BTC) is currently facing drawdowns in multiple metrics, with on-chain data showing a significant crash in its mining difficulty. Per aninsight from CryptoQuant analyst J.A Maartunn, the Bitcoin mining difficulty is down 11.16% following the latest network adjustment.

Bitcoin's hash value faces reset

Specifically, the analyst said this Bitcoin mining difficulty drawdown is the largest negative adjustment since July 2021. For reference, this was when the China mining ban was implemented, preceding a major market crash.

Notably, this mining reset also marked the 10th biggest downward difficulty adjustment in Bitcoin’s history. This is described as a major reset in hash power dynamics.

Difficulty Shock ⚡Bitcoin mining difficulty just dropped -11.16% — the largest negative adjustment since the July 2021 China mining ban crash.This marks the 10th biggest downward difficulty adjustment in Bitcoin’s history.A major reset in hash power dynamics. pic.twitter.com/jJCb5ywUm6

— Maartunn (@JA_Maartun) February 12, 2026

By implication, this reset means it is now easier to mine oneBitcoin block. However, this comes with a major security challenge, as it also implies the network is less secure.

ThisBitcoin hashrate adjustment is one of the metrics around Bitcoin that validates the emergence of a bear market.

As of writing time, the price of the coin is down by 46% from its all-time high (ATH) of $126,198.07. But it has rallied by 1.45% in the past 24 hours to $68,334.21.

Bullish reset incoming?

Over the past decade, a massive crash in some of the most visible BTC metrics has always been accompanied by a gradual but confirmed rebound.

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With indicators like the Fear & Greed Index also dropping to levels not seen since the FTX crash, the market is probably at its worst point in history.

Judging by its previous price, the price of Bitcoin may start its recovery from this point, backed by the oversold Relative Strength Index (RSI). One crucial catalyst under watch is the growing BTC accumulation from Strategy and other top treasury companies.

While critics like Peter Schiff seeBTC price falling to $10,000, proponents like Samson Mow still maintain a million-dollar target.

The crypto market is beginning to return to the green zone as leading cryptocurrencies are beginning to show decent increases after the recent market crash.

While there are multiple indications that the market is seeing shifting sentiment and is about to see broad market resurgence, data from SosoValue shows that XRP ETFs recorded zero daily net inflows during their last trading session on Feb. 11.

This silent movement of XRP funds reflects a pause in investor activity, possibly out of caution, even as market watchers pointed to potential recovery signals in XRP’s price.

XRP ETFs maintain $1.23 billion milestone despite zero twist

According to the data, the U.S. XRP spot ETFs have retained massive cumulative net inflows of $1.23 billion even though they posted a daily total net inflow of $0.00.

While XRP has continued to hover below the $1.40 line, the flat inflow seen yesterday suggests that investors are taking a moment to observe the market following the repeated volatility recently seen across the broader crypto market.

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Following the dormant performance pulled off by XRP funds, all five funds, including Bitwise, Franklin Templeton and others, reported zero one-day net inflows and modest daily price declines of roughly 1% to 1.3%, alongside small premium or discount fluctuations.

While XRP ETFs have continued to show mixed momentum, they have maintained resilience as they have continued to pull in steady but low inflows, while other ETFs saw repeated withdrawals. XRP ETFs previously recorded single-day inflows of $3.26 million on Feb. 11 and $6.31 million on Feb. 10.

The growth ofXRP Ledger (XRPL) on the real-world asset (RWA) tokenization market is in the spotlight as the network has overtaken Solana. According to data fromRWA.xyz, XRP Ledger is now the sixth largest blockchain for tokenized assets.

XRP Ledger RWA tokenization leverage

As showcased by the data platform, the Canton Network is the biggest represented RWA platform in the world, boasting a total of $340.9 billion in tokenized value. This is followed by Provenance, with $15.1 billion, and Ethereum with $14.9 billion.

The top five list is completed by the zkSync Era, with over $2.5 billion in tokenized assets, and BNB Chain with a value of $2.1 billion.

XRP Ledger has an RWA count of 100, a figure that is even higher than Provenance and zkSync Era, at 1 and 51, respectively. This outlook is a sign that XRPL has grown in its tokenization narrative in the past year.

With its 0.48% market share, XRP Ledger has the best 30-day growth rate of 268%. This growth comes as a result of its leverage as a product stack in the Ripple Labs ecosystem.

With the firm helping to form the right alliances, it has attracted some of the top traditional financial institutions to adopt its RWA potential. Earlier this week,Ripple partnered with Aviva Investors to drive tokenization on XRP Ledger.

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Biggest XRP Ledger tokenized product

While traditional financial institutions are adopting XRPL for tokenization, the most visible tokenized product is the Ripple USD (RLUSD) stablecoin.

The token, backed 1:1 by the U.S. Dollar, is growing as Ripple mints new RLUSD regularly to push the market cap above $1.5 billion. RLUSD has evenentered the top 50 crypto list, a sign that aligns with XRP Ledger's tokenization recognition.

Despite being primarily a blockchain payments firm, Ripple has consistently unveiled its plans to take a sizable share of the RWA market in the near future. Beyond RLUSD, analysts believe XRP will benefit in the long term as the liquidity flow will have a net benefit.

The digital assets market, and Bitcoin in particular, enter Thursday’s session, Feb. 12, with risk positioning recalibrating ahead of Friday’s U.S. CPI release. This report's three big stories eloquently detail what's going on in crypto right now as XRP has turned positive on the day near $1.39, Binance confirms completion of its $1 billion SAFU fund with 15,000 BTC already in profit and Solana's Mert Mumtaz outlines three big upgrades for February 2026.

Quick summary

XRP reclaims $1.39 zone ahead of CPI release on Feb. 13.Binance’s $1B SAFU Fund now holds 15,000 BTC and is already up $1.89 million in profit.Helius CEO Mert Mumtaz confirms upcoming Solana rollouts this February: Privacy, predictions, perpetual futures and one "big surprise."XRP turns "green" ahead of Friday CPI

XRP has turned positive into the Thursday trading session, up nearly 2% to $1.3978, as perTradingView data. After holding support just 10% above the Oct. 10 capitulation zone around $1, the local structure now shows the price consolidating beneath the $1.48 resistance zone, a breakdown area from early February.

As seen on the daily chart, XRP is now inside a wide $1.20 and $1.48 range, with the lower boundary serving as reclaimed support after a deep flush last week. Reversal signals have not been confirmed, but the U.S. macro calendar could provide a catalyst.

The next U.S. Consumer Price Index (CPI) report is scheduled for Friday, Feb. 13, per theBureau of Labor Statistics. This is the final major inflation print before the Federal Reserve’s March 4 interest rate decision.

The previous CPI report in January came slightly softer than expected at 2.6% — a minimum in four years. If February's figure shows further disinflation, risk-on assets, including crypto, may extend the recovery.

ForXRP, highly sensitive to macro shifts not only due to its institutional narrative and ETF flows but as an established cryptocurrency strongly tied to the U.S. dollar, the current setup is as follows: a break above $1.48 opens the path to $1.60-1.80, while the loss of the $1.20 zone makes retesting $1 the main priority.

Binance finalizes SAFU Fund completion with 15,000 BTC already generating profit

According to theofficial announcement on X, Binance has finalized the full transition of its SAFU user-protection reserve from stablecoins into Bitcoin, completing a $1 billion conversion program with the last tranche of 4,545 BTC today. The total SAFU fund of the world's largest crypto exchange now holds 15,000 BTC.

After today's acquisition, the average buy-in price for the BTC reserve stands at approximately $67,000, according to the company. At a spot price of $67,933, this puts the fund’s current notional value at around $1.018 billion, yielding an unrealized gain of around 1.39%, or $1.89 million already, as per Arkham.

For those who missed the news, previously, at the end of January, Binance announced its intent to move all SAFU holdings into BTC to improve transparency and mitigate stablecoin devaluation risks. The fund, which is used as an emergency insurance mechanism for users in case of critical failures, was previously denominated in BUSD and TUSD.

One major detail is that IfBitcoin holds above this level, Binance will continue to reflect mark-to-market profit. More to the point, if the BTC value drops and the fund falls below $800 million, Binance promised to inject more capital to return it to the $1 billion threshold.

This introduces a quasi-mechanical buy mechanism. If BTC experiences a severe drawdown and the fund’s valuation dips under $800 million, Binance would step in to replenish the reserve back to $1 billion, effectively accumulating more BTC.

On the broader chart, Bitcoin is currently trading near $67,930 after rebounding from sub-$60,000 lows earlier this month. Major resistance sits around $74,000 and $92,000, while structural support is concentrated near $60,000.

Solana prepares three key releases in next two weeks of February

Mert Mumtaz, CEO of Solana-based infrastructure firm Helius, has confirmed that three major Solana protocol releases are scheduled to launch over the next two weeks in February.

In a new post on X, Mumtaz detailed what to expect, with privacy, predictions and perpetual futures as areas the rollouts will touch. Interestingly, the Helius CEO also hinted at "one small surprise."

Referred to only as a "small surprise," the teaser may relate to the Internet Capital Markets trend that gained traction onSolana last year, particularly with Believe, previously known as Launchcoin, at the forefront. That narrative centers on tokenized fundraising and on-chain capital formation native to Solana’s ecosystem.

3 big releases for Solana in the next 2 weeks followed by another 3 the next month privacy, predictions, perps; and one small surprise

— mert (@mert) February 11, 2026

This roadmap comes amid a surge in Solana ecosystem developer activity and builds on previous expectations from Delphi Digital, which labeled 2026 as a breakout year for Solana.

The three major initiatives driving the ecosystem include:

Alpenglow: A complete consensus overhaul introducing Votor and Rotor, Solana's most significant protocol upgrade to date.Firedancer: A performance-enhancing validator client by Jump, designed to process millions of transactions per second with deterministic latency.DoubleZero: A high-speed fiber-optic validator network inspired by traditional financial exchange infrastructure.

SOL itself has struggled to hold the $100 mark in early 2026 but continues to be viewed as the leading layer-1 blockchain play outside Ethereum due to its growing DePIN and DeFi sectors.

What to expect: XRP, BTC price outlook

The next 48 hours are defined by macro with CPI at the forefront. A lower-than-expected inflation print would likely revive risk appetite and reintroduce upside attempts across majors like Bitcoin and XRP. A higher reading could reinforce the repricing of rate cuts toward the second half of the year and pressure altcoins testing resistance.

Key levels to watch:

Bitcoin: $60,000 structural support, $74,000 near-term resistance.XRP: $1.2 short-term support, $1.48 critical resistance.

The March 4 Fed decision, with 3.75% expected to hold, remains a secondary but important marker. According to UBS, easing inflation should keep the Fed on track for two cuts later in 2026, potentially in June and September. Markets currently price the first move in July.

For now, crypto sits in anticipation mode. XRP is attempting to reclaim lost ground ahead of resistance, Binance has formalized a $1 billion Bitcoin reserve with an embedded rebalance rule and Solana’s ecosystem prepares tangible protocol upgrades.

Friday’s CPI will determine whether these stories evolve into renewed upside expansion or resolve into another defensive rotation.

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In a recent tweet, RippleX engineer Antonio Kaplan highlights two necessities for regulated payments and FX on-chain, which are compliance and deep liquidity.

Kaplan noted that the upcoming XRP ledger feature Permissioned DEX set to launch on the mainnet in the next six days is expected to bring compliance and deep liquidity to the XRPL without fragmenting capital across private systems. The RippleX developer noted that this is a big step toward a true global settlement layer.

If you want regulated payments and FX onchain, you need two things: Compliance & Deep liquidityPermissioned DEX brings both to XRPL without fragmenting capital across private systems.Shared institutional liquidityInstant local payoutProtocol-level policy controlThis is a…

— Antonio Kaplan (@antoniokaplan) February 11, 2026

In a blog post written on behalf of RippleX developers, Kaplan noted that delivering an on-chain FX and settlement network with shared institutional liquidity, instant local payout and full policy control on the XRPL depends on a small set of core building blocks working together.

There are three building blocks in this category: first, Credentials (XLS-70), likened to a digital passport, are verifiable proofs of identity or compliance issued by trusted authorities.

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Permissioned Domains (XLS-80) are likened to the visa process, while Permissioned DEXes (XLS-81) are likened to the transportation network.

Permissioned DEXes

Th permissioned DEX feature introduces a permissioned DEX system for the XRP Ledger. The amendment integrates permissioning features directly into the DEX protocol, allowing regulated financial institutions to be able to participate in the XRPL's DEX while still adhering to their compliance requirements.

The permissioned DEX system will ultimately pave the way for broader institutional adoption of the XRP Ledger.

Regarding what happens to the open DEX, RippleX developer Antonio Kaplan stated that it is not going anywhere, as it will continue to function exactly as it does today, enabling anyone to place and fill offers. The Permissioned DEX will build alongside it, giving developers and institutions the option to create permissioned order books tied to verified credentials.

Kaplan noted that this remains the key to unlocking real-world financial flows, given that most regulated institutions cannot engage on open systems without counterparties being verified. By allowing credential-gated liquidity on the same ledger as open markets, XRP Ledger is expected to be a far more suitable option for institutional-grade payments, FX and settlement use cases.

Shiba Inu (SHIB) has witnessed another near-total collapse in its deflationary mechanism, the burn rate, the lowest level in weeks. In the last 24 hours, this important metric experienced a 99% crash as fewer than 500 SHIB were incinerated. Despite the lack of burn activity, SHIB’s price has shown an interesting outlook.

Shiba Inu burn activity drops amid volatility concerns

As perdata from Shibburn, a platform that tracks the metric, only 483 SHIB were sent to dead wallets within this period. This figure indicates that community members were inactive and ignored the burn activity, which has been largely considered to stabilize the price outlook.

In the last 30 days, Shiba Inu has battled volatility concerns and continued on a downward movement. The meme coin has shed over 28.9% of its value within this time frame, with many investors worried about the future outlook.

Hence, regular burn activities are one way to reassure traders of a potential price reversal. The idea is to reduce the circulating supply of Shiba Inu and create scarcity. This, it is believed, could support price stability and possibly increase it.

With less than 500 SHIB eliminated from the total Shiba Inu supply, the circulating supply remains at 585,461,721,722,347 SHIB. This massive volume of SHIB still in circulation has prompted debate about the relevance of the deflationary mechanism.

As U.Today reported, there are those who argue that theburn surge does not even matter, as it only sounds great on paper. They insist that a surge in burn rate does not bring the expected result in price, as the total Shiba Inu volume remains staggering. While this figure is in the hundreds of trillions, only tens of millions of SHIB ever get incinerated.

SHIB price climbs despite 99% burn crash

Interestingly, despite the 99% collapse in burn rate, Shiba Inu’s price has registered a slight uptick. In the last 24 hours, fewer than 500 SHIB have been burned, and Shiba Inu hasclimbed by 5.14% and is trading at $0.000006115.

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The meme coin’s trading volume has also registered a 14.52% surge to $145.07 million within the same time frame. The primary reason for this increase is thatShiba Inu is in oversold territory.

This coincides with a slightly broader market recovery, which has supported upward momentum for the dog-themed meme coin.

SHIB’s price rally is likely to be short-lived if the meme coin fails to sustain current momentum. Some have argued that, regardless of doubts about the burn rate’s effect on price, the metric has a way of boosting investor confidence.

Thus, a collapse of this metric at a time when Shiba Inu is pushing for a reversal might not help the meme coin.

Bitcoin is hovering above $67,000. At the time of writing, Bitcoin was trading at $67,487, up 0.04% on the day, after dropping as low as $65,702 in the past day.

Long-term indicators are signaling a rebound following months of profit-taking that have left Bitcoin about 40% below its October all-time high.

According to AliCharts, Bitcoin has historically bottomed below the 1130-day SMA, which currently sits at $66,500, highlighting the significance of this level.

Bitcoin $BTC has historically bottomed below the 1130-day SMA.That level currently sits at $66,500. pic.twitter.com/lrMGH9itFU

— Ali Charts (@alicharts) February 12, 2026

Bitcoin has been declining since reaching an all-time high above $126,000 in October, with the sell-off increasing since the past month. Bitcoin fell below $70,000 on Feb. 6, to reach a low of $60,001, where it rebounded.

Bitcoin returned above $70,000, reaching $72,232 on Feb. 8, but has struggled to push higher from that, remaining in the range of $65,702 and $72,232.

Bitcoin whales buying

Bitcoin whale wallets bought about 53,000 coins in the past week, the largest buying spree since November, after weeks of heavy selling. This helped to stabilize prices after a sell-off, even as most other investors stayed on the sidelines.

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Glassnode data indicate that wallets holding more than 1,000 Bitcoin added more than $4 billion worth over the past week, interrupting months of sell-off that have left Bitcoin about 40% below its October peak.

Key levels to watch

Bitcoin remains defensive between $60,000 and $72,000 range while the resistance at $82,000 to $97,000 remains. Treasury outflows, declining spot volume and cooling futures might suggest shallow demand, restricting the Bitcoin price.

Bitcoin is confined between its True Market Mean at $79,200 and realized price at $55,000 while sell-side pressure continues to be absorbed in the $60,000 to $72,000 demand range.

Major supply clusters in the range between $82,000 to $97,000, and $100,000 to $117,000, are in unrealized losses, which might pose an overhead barrier during relief rallies.

Despite XRP's market price still being under pressure, XRP Ledger has seen a dramatic increase in payment activity, with over 773 million XRP moving between accounts in a single day. This has brought attention to on-chain dynamics once again. When compared to recent network averages, the spike is notable, which begs the crucial question for investors: does this movement simply represent large holders, or does it indicate growing real-world utility?

XRP network activity

The total amount of XRP sent across the network between accounts is measured by payment volume. A sharp increase in the amount of liquidity flowing through the ledger is reflected in the abrupt spike to hundreds of millions of XRP. Large holders, also known as whales, frequently rebalance their holdings or transfer money between exchanges and custodial platforms, which can result in such spikes.

The context is important, though. The fact that XRPL activity has been generally increasing over the past few months indicates that usage is not just restricted to isolated whale transfers. The expansion of cross-border settlement services, institutional integrations and XRPL-based payment infrastructure experiments may be partially explained by the increase in transaction volume.

However, the price movement of XRP reveals a more circumspect narrative. The asset is still below important moving averages and recently broke lower within a descending structure, suggesting that sellers continue to dominate the direction of the market as a whole. Liquidity movement alone is insufficient to change sentiment because the increase in payment volume has not yet resulted in a price recovery.

Prices might stabilize

The main lesson for investors is that while renewed market demand is still necessary for price recovery, increased network activity indicates ongoing relevance and utility. Payment volumes that are continuously high, rather than showing up as sporadic outbursts, may be a sign of growing structural adoption, which will ultimately help to stabilize prices.

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For the foreseeable future, traders should expect more volatility. XRP might level off following its recent decline, and the state of the larger cryptocurrency market, as well as continued network usage, will probably determine the price's future course.

One crucial point is highlighted by the 773 million XRP movement: XRPL liquidity is still strong. It will become more evident if high payment volumes continue in the upcoming weeks whether this surge signifies whale repositioning or a more profound utility-driven shift.

Prominent economist Nouriel Roubini, also known as Dr. Doom for his prediction of the 2008 financial crisis that came true, is a well-known cryptocurrency opponent. In today’s tweet, he slammed crypto — and altcoins in particular — referring to the news of a major crypto lending platform, BlockFills, suspending withdrawals for its customers.

To back his claims, Roubini added a source link to a Financial Times article about this incident.

Dr. Doom slams "crypto s-coin land" as BlockFills halts withdrawals

In a recent tweet, Nouriel Roubini has commented on the current crypto market turbulence that has wiped out several billion dollars through liquidations and pushed Bitcoin from $90,000 to $60,000. Altcoins have lost from 50% to 99% in a matter of weeks, he stated, “depending on which s-coin you were duped to invest in.”

Roubini gave an example of negative consequences of such plunges, which can be particularly painful in the crypto space. He referred to the Susquehanna-backed crypto lender BlockFills, which has suspended withdrawals of crypto for its clients. The Susquehanna International Group is a privately held global trading and technology firm.

First, you lose in a matter of weeks 50%% to 99% - depending on which shitcoin you were duped to invest in - and then they don’t even allow you to withdraw the remaining crumbs of your investments. Standard operating procedure in crypto shitcoin land. Susquehanna-backed crypto…

— Nouriel Roubini (@Nouriel) February 12, 2026

Aside from withdrawals, BlockFills has restricted trading activities, thus stressing the recent turmoil that has been shaking the cryptocurrency market. Initially, BlockFills boasted as much as $60 billion in trading volumes in 2025; however, the Bitcoin price plunge has hit it particularly hard.

The aforementioned restrictions were implemented last year, but they remain now as well. It has approximately 2,000 financial institutions among its customers, including asset managers and crypto-focused hedge funds. Only investors who hold a minimum of $10 million worth of crypto assets are eligible to use its options products.

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Three-year "anniversary" of FTX crash

The last time multiple crypto companies shut down withdrawals (and also went bankrupt) was three years ago, when major crypto exchange FTX went broke and its founder, billionaire Sam Bankman-Fried, went to prison for defrauding investors. Before that, in the summer of 2022, several crypto lenders became insolvent — Celsius, Voyager, BlockFi, Vauld and Genesis. Back then, the crypto market faced the loss of nearly 70% of its value.

BlockFills has officially commented on the current situation, saying that the restrictions have been introduced to protect customers and the company itself.

According to XRPWallets, citingWhale Alert, 127.4 million XRP — worth $172.5 million — was recently transferred from a Coinbase-linked wallet to Bitstamp. At first glance, it seems like the usual XRP shuffle between exchanges, but there is an uncommon detail with the receiving wallet that has been monitored since late 2024 and is suspected of being tied to Ripple’s liquidity operations.

Ripple connection: Why this "unknown" wallet matters

Yes, Ripple exited its minority stake in Bitstamp during the 2025 sale to Robinhood, but the exchange remains a key node for the company's cross-border payments business. Moreover, it is still one of largest venues for XRP trading globally, with around130,7 million tokens on its balance, according toCoinMarketCap.

All things considered, the transfer's size, origin and destination suggest potential liquidity provisioning or infrastructure alignment, not just simple exchange deposits, especially asXRP dropped below key resistance at $1.48.

Here's something interesting. Been waiting for this. This is from one of the wallets I was tracking collecting XRP since NOV 2024. I need to see where it heads to next. But I believe it's a associated to Ripple. Will update.

— XRP_Liquidity (ETF 1Y 39.8B = Max 54.4B) (@XRPwallets) February 12, 2026

At first, today's 127,400,577 XRP transfer was marked by Whale Alert as one between the unknown wallets. However, community account XRPWallets quickly went behind the scenes, revealing the Coinbase-to-Bitstamp trail.

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The wallet receiving the funds is not new to researchers. It has been active since late 2024 and is believed to belong toRipple, which will not be surprising, with Bitstamp as both a strategic liquidity node of the company and a high-throughput venue for XRP flows — especially for fiat ramps in Europe.

From the first thought, today's transfer — from a U.S. platform to a high-volume XRP market — suggests the funds are being positioned by Ripple, if it is indeed its wallet, for structured use in cross-border services rather than liquidation.