24H Hot Cryptocurrencies and Key News｜US House Narrowly Rejects Motion, Trump Tariff Resolution Can Be Brought to Full House Vote; Hong Kong SFC Plans to Launch Perpetual Contract Regulatory Framework, Limited to Institutional Investors (February 12)
- Core View: The market shows a divergent trend, with mainstream cryptocurrency prices under pressure. However, institutional product innovation and regulatory framework advancement indicate continuous industry development. Whale accumulation and sustained ETF inflows provide support for the market, but overall demand remains insufficient.
- Key Elements:
- Market Data: Bitcoin whales have recently accumulated approximately 53,000 BTC, reaching a new high since last November; Bitcoin and Ethereum spot ETFs continue to see net inflows, reaching $167 million and $13.8184 million respectively.
- Regulatory Dynamics: The Hong Kong SFC plans to launch a perpetual contract regulatory framework limited to institutional investors and expects to issue the first batch of stablecoin issuer licenses next month; the US SEC Chairman stated he will promote clarity in digital asset regulation.
- Institutional Moves: BlackRock announced it will purchase UNI tokens; Binance partnered with Franklin Templeton to launch an institutional OTC trading program collateralized by tokenized fund shares.
- Project Progress: Uniswap won the patent lawsuit against Bancor; Ethereum staking rate surpassed 30%, reaching a new historical high.
- Industry Perspectives: Bitget CEO believes the current correction presents a strategic buying opportunity for long-term investors; analysis suggests whale accumulation may be a temporary stabilizing behavior, as overall market demand remains concentrated.
1. CEX Hot Tokens
Top 10 CEX Trading Volume and 24-hour Price Changes:
- BNB: -1.36%
- BTC: -1.82%
- ETH: -2.95%
- BERA: +83.43%
- SOL: -4.34%
- S: +18.36%
- DOGE: -1.70%
- IDEX: -3.19%
- PIVX: +2.63%
- UNI: +2.39%
24-hour Top Gainers List (Data Source: OKX):
- BERA: +48.92%
- TNSR: +28.10%
- LINEA: +23.90%
- S: +23.60%
- ME: +16.72%
- XPL: +9.96%
- YB: +9.83%
- SNT: +9.69%
- LIT: +9.36%
- AGLD: +8.21%
24-hour Top Gainers List for Tokenized Stocks (Data Source: msx.com):
- VRT: +23.43%
- SNDK: +12.9%
- CONI: +12.79%
- MU: +11.45%
- MSTZ: +10.39%
- AXTI: +9.24%
- HYPD: +8.65%
- SOXL: +7.44%
- SIMO: +6.66%
- ICG: +6.58%
2. On-chain Hot Memes (Data Source: GMGN):
- WhiteWhale
- WAR
- USELESS
- PENGUIN
- Buttcoin
Headlines
US House Narrowly Rejects Motion, Paving Way for Full Vote on Trump Tariff Resolution
US House lawmakers on Tuesday rejected Speaker Johnson's attempt to block a vote on a resolution targeting former President Trump's tariffs, dealing a blow to his leadership and clearing the path for lawmakers to criticize Trump's signature economic policy. The procedural motion failed with 217 votes against and 214 in favor, as three Republican lawmakers joined all 214 Democrats to oppose it, defeating the motion in the narrowly divided House. This vote means Democrats will be able to bring a resolution challenging Trump's tariff policy to a full floor vote, potentially initiating a series of closely watched voting procedures as early as Wednesday local time. Although Trump could veto any resolution that reaches his desk, its passage would represent a public rebuke of his tariff policy and likely trigger a strong reaction from the White House.
Julia Leung, CEO of the Hong Kong Securities and Futures Commission (SFC), stated at the Consensus Hong Kong conference on February 11th that the regulator will release a "high-level framework" allowing licensed trading platforms to offer perpetual contract products.
Leung pointed out that such products will initially be open only to institutional investors, not retail clients. The relevant framework will focus on risk management, requiring platforms to have robust risk control capabilities and ensuring fair trading mechanisms for clients.
Furthermore, the SFC will also allow brokers to provide financing services to clients with good credit standing, with eligible collateral including securities and virtual assets. Considering the high volatility of virtual assets, only Bitcoin (BTC) and Ethereum (ETH) will be eligible as collateral initially.
Regarding market-making activities, platforms engaging in such services must establish independent market-making departments and implement strict conflict-of-interest management mechanisms. Leung stated that these measures continue the SFC's 2025 roadmap for promoting the development of the local crypto market, aiming to allow compliant institutions to offer a more diverse range of products and services.
Analysis: Whales Accumulate Bitcoin Heavily Recently, But Overall Market Demand Remains Weak
Market data shows that Bitcoin whales have accumulated approximately 53,000 BTC recently, marking the largest accumulation since last November, providing some price support after weeks of consecutive selling. However, overall market demand remains concentrated, raising questions about whether the market has truly entered a recovery phase. Currently, Bitcoin's price is still down about 40% from its October high last year, with some cryptocurrency ETF investors facing unrealized losses, and institutional buying has also slowed. Analysis suggests that in the absence of broader capital participation, this round of buying is more likely a temporary market-stabilizing move rather than a signal of a trend reversal.
Industry News
US January Non-Farm Payrolls Far Exceed Expectations, Signaling Labor Market Improvement
The Financial Times commented on the non-farm payrolls report, noting that the US economy added 130,000 jobs in January, far exceeding market expectations, indicating signs of improvement in the US labor market after a series of weak data. US Treasury yields jumped in response as investors scaled back expectations for rate cuts this year. The two-year Treasury yield, particularly sensitive to monetary policy, surged to 3.55%, a one-week high. The unemployment rate edged down to 4.3%. After years of strong growth, US hiring activity slowed sharply in 2025. A series of new reports released last week suggested the labor market could deteriorate further as layoffs increased and job openings decreased. However, the latest data will help reinforce Fed Chair Powell's argument that the labor market is showing "signs of stabilization."
US January Seasonally Adjusted Non-Farm Payrolls: 130K, Expected 70K
US January seasonally adjusted non-farm payrolls: 130K, expected 70K, previous revised from 50K to 48K.
US January seasonally adjusted manufacturing payrolls: 0.5K, expected -0.5K, previous -0.8K.
US January private non-farm payrolls: 172K, expected 70K, previous revised from 37K to 64K.
Data: SOL's Total Open Interest Across All Exceeds $5.146 Billion
According to CoinGlass data, SOL's total open interest across all exchanges decreased by 2.90% in the past 24 hours, with the current total open interest standing at $5.146 billion. Among them, Gate's open interest is $977 million, Binance's is $906 million, and Bybit's is $668 million.
Ethereum Staking Ratio Breaks 30%, Reaching a New All-Time High
According to Token Terminal data, Ethereum's staking ratio has exceeded 30%, reaching a new all-time high.
According to SoSoValue data, Bitcoin spot ETFs had a total net inflow of $167 million yesterday (US Eastern Time, February 10th).
The Bitcoin spot ETF with the largest single-day net inflow yesterday was Ark Invest and 21Shares' ETF ARKB, with a single-day net inflow of $68.5285 million. ARKB's historical total net inflow has now reached $1.557 billion.
Next was Fidelity's ETF FBTC, with a single-day net inflow of $56.9223 million. FBTC's historical total net inflow has now reached $11.167 billion.
As of press time, the total net asset value of Bitcoin spot ETFs is $87.748 billion, with an ETF net asset ratio (market cap relative to Bitcoin's total market cap) reaching 6.39%. The historical cumulative net inflow has reached $55 billion.
According to SoSoValue data, Ethereum spot ETFs had a total net inflow of $13.8184 million yesterday (US Eastern Time, February 10th).
The Ethereum spot ETF with the largest single-day net inflow yesterday was Grayscale's Ethereum Mini Trust ETF ETH, with a single-day net inflow of $13.3173 million. ETH's historical total net inflow has now reached $1.717 billion.
Next was Fidelity's ETF FETH, with a single-day net inflow of $501,100. FETH's historical total net inflow has now reached $2.582 billion.
As of press time, the total net asset value of Ethereum spot ETFs is $11.755 billion, with an ETF net asset ratio (market cap relative to Ethereum's total market cap) reaching 4.84%. The historical cumulative net inflow has reached $11.88 billion.
Project News
USD.AI to Conduct Token Sale on Coinlist with $300 Million FDV
Coinlist announced it will conduct a USD.AI sale event. This sale is only open to users who participated in the USD.AI "Allo Game" points activity. Eligible users can participate directly through CoinList during the sale window from February 22nd to 27th. Participants will receive guaranteed allocations based on the points they earned in the Allo Game. Users can apply for additional allocation beyond their guaranteed quota. If the sale is not fully subscribed, the oversubscribed portion will be allocated proportionally.
USD.AI's token is named CHIP, with a total supply of 10 billion tokens. This sale will offer 700 million tokens at a price of $0.03 per token, corresponding to an FDV of $300 million. Tokens are expected to be 100% unlocked at TGE in March, with a minimum subscription amount of $100.
BlackRock Discloses Plans to Purchase Uniswap Token UNI, Specific Quantity Not Yet Revealed
Following the announcement of deploying BUIDL on the DeFi platform Uniswap, asset management giant BlackRock stated it will purchase Uniswap's token UNI, but did not disclose the specific quantity.
Analysis points out that after Uniswap adds BUIDL to its platform, its initial practical impact may not be significant, as the protocol involves Securitize creating an eligible institutional whitelist to allow participation in DeFi trading. The company also whitelisted some market makers, including long-term crypto liquidity provider Wintermute, to facilitate trading. Meanwhile, access to BUIDL is limited to qualified purchasers, i.e., individuals or entities with assets of $5 million or more.
Intercontinental Exchange (ICE) announced the launch of the Polymarket Signals & Sentiment tool, providing prediction market data and analytics. ICE will be the exclusive provider of this data in the institutional capital markets.
Polymarket is the world's largest prediction market, with markets related or adjacent to financial and commodity markets. ICE now offers a standardized data feed, enabling professional and institutional traders to use crowdsourced probability assessments as market signals to supplement traditional market, pricing, and sentiment inputs.
Chris Edmonds, President of ICE Fixed Income and Data Services, stated that the company leverages its AI and data science expertise to standardize the data, helping clients transform market information into signals usable for generating alpha strategies and managing risk. Shayne Coplan, Founder and CEO of Polymarket, said prediction markets reflect near real-time collective expectations of market-driving events and have become a reliable information input alongside traditional data sources.
It is reported that the service is delivered through ICE's existing data infrastructure, accessible in near real-time via the ICE Consolidated Feed, with historical time-series data available through ICE Consolidated History. The tool also maps Polymarket signals to specific securities or companies. This data is part of ICE's newly launched Signals & Sentiment service, which also includes data from Reddit and Dow Jones.
Binance and Franklin Templeton Collaborate to Launch Institutional OTC Collateral Program
According to an official announcement, Binance and Franklin Templeton announced the launch of their first collaborative product—an institutional OTC collateral program. This program allows eligible institutional clients to use tokenized money market fund (MMF) shares issued through Franklin Templeton's Benji technology platform as OTC collateral for trading on Binance. This initiative aims to enable institutional traders to participate in digital markets using traditional, regulated, and yield-generating money market fund assets without depositing assets into the exchange, thereby reducing counterparty risk and earning yield.
Catherine Chen, Head of VIP & Institutional at Binance, stated: "Partnering with Franklin Templeton to utilize tokenized real-world assets for OTC collateral settlement is a significant step in our efforts to further integrate digital assets with traditional finance. Exploring the on-chain application of traditional financial instruments not only brings new opportunities for investors but also fully demonstrates the immense potential of blockchain technology in enhancing market efficiency."
Financing
RubberVerseX Announces Completion of $2 Million Strategic Financing Round
The digital rubber economy project RubberVerseX (RVX) announced today the completion of a $2 million strategic financing round. This round was jointly invested by HVS Ventures, BD Ventures, and M2M Capital.
The funds from this round will accelerate RubberVerseX's efforts to build a transparent, data-driven digital rubber economy system.
Leveraging real rubber plantations and industry resources, RubberVerseX introduces planting, processing, distribution, and other stages onto the blockchain through a verifiable data network. It covers value generation paths for real assets such as ESG-certified outputs and carbon credits, promoting the evolution of the traditional rubber industry towards a sustainable, participatory digital economy.
Birch Hill Holdings Completes $2.5 Million Pre-Seed Round Led by ParaFi Capital and Others
Digital asset infrastructure firm Birch Hill Holdings announced the completion of a $2.5 million Pre-Seed funding round, co-led by ParaFi Capital and Castle Island Ventures. Participants included Nascent, FalconX Ventures, Coin Operated Group, The Operating Group, JST Digital, Flowdesk, as well as Ramin Kamfar, Founder and CEO of Bluerock, among others. The company focuses on on-chain lending and tokenized asset markets. The new funds will support its efforts to build institutional lending strategies centered on risk management.
Regulatory Developments
US Securities and Exchange Commission Chairman Paul S. Atkins testified before the House Financial Services Committee on Wednesday, outlining his priorities and emphasizing that the SEC will continue its core mission of protecting investors, maintaining fair and efficient markets, and facilitating capital formation, while balancing regulation between traditional markets and digital assets. Key points include:
1. Reducing Corporate Compliance Costs: Noted that public companies spend up to
