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On February 11, news reports indicated that the White House's second round of consultations on stablecoin regulation failed to reach an agreement between banks and crypto companies. The core disagreement centered on whether "stablecoins can offer yields or rewards to users." Several crypto organizations engaged in discussions with major U.S. banks, but deadlock over key provisions has once again hindered the development of the U.S. stablecoin regulatory framework.
The meeting was directly related to the proposed CLARITY Act. This legislation is based on the digital asset regulatory framework proposed by the GENIUS Act and has been passed by the House of Representatives, but the Senate has yet to advance it. The yield provisions are seen as the biggest obstacle. Banks are concerned that if stablecoins offer interest or rewards, it will divert traditional deposits, weaken banks' ability to lend to households and small to medium-sized enterprises, and thus impact financial system stability.

DWF Labs analysis suggests that the cryptocurrency market is approaching the bottom of the bear market, with Bitcoin prices fluctuating around $67,000 and liquidity decreasing. Institutional investors are beginning to buy at lows, with significant outflows from Bitcoin spot ETFs, while macroeconomic factors continue to dominate the market.

BlockBeats News, February 11th, Goldman Sachs disclosed an increase of 237,874 shares of Bitcoin Treasury Company Strategy (MSTR) stock, currently holding a total of 2.33 million shares valued at $301 million.

On February 11th, news broke that on its first day of launch, the Monad platform quietly demonstrated "platform-level" trading capabilities on the Solana network. According to statistics from Sunrise DeFi writer shaddwfax, the on-chain trading volume of MON on Solana, when compared to traditional crypto trading platforms, would rank in the top five globally on that day, second only to a few leading platforms. This performance quickly sparked a reevaluation in the market of Solana's high-throughput public chain and its DeFi liquidity capacity.
Data shows that the initial trading volume of MON on Solana was approximately $97 million, not a slow accumulation but a rapid surge within a short period. Within 24 hours of launch, its trading volume exceeded that of early Hyperliquid MON trades by over 122%, making Solana the core battleground for this round of price discovery. Even more noteworthy, within just 48 hours, the network completed over $400 million in related transactions, with nearly 360,000 total trades, demonstrating large-scale participation of real users and real funds.

On February 11, it was reported that in the latest episode of the All-In Podcast, CZ and renowned investor Chamath Palihapitiya proposed a disruptive view of market perception: the most serious issue in cryptocurrency today is not price volatility, ETF approval, or regulatory disputes, but the lack of native privacy at the protocol layer. They believe this flaw is becoming a core obstacle preventing crypto assets from truly mainstream adoption.
Chamath pointed out that while Bitcoin's public ledger enhances system credibility, it also destroys "homogeneity." Every transaction can be traced, meaning each Bitcoin carries a complete history and cannot circulate freely like cash. When combined with KYC mechanisms, blockchain records become permanently linked to real identities, significantly weakening anonymity.

February 11 News, BlackRock CEO Larry Fink warned that if the United States cannot effectively control the rising debt interest expenses, global markets' confidence in the dollar could be severely impacted. He bluntly stated that if the fiscal situation continues to worsen, the dollar could eventually become "a credit symbol like Monopoly game money," a statement that quickly sparked heated discussions in financial markets.
According to the latest data from the U.S. Department of the Treasury, the U.S. federal debt has approached $38 trillion, and about 20% of the government’s annual budget is used to pay interest. As interest rates remain high, borrowing costs continue to rise, and debt interest is rapidly squeezing the fiscal space originally allocated for infrastructure, education, healthcare, and defense. Fink pointed out that if this trend gets out of control, it will weaken the U.S. fiscal flexibility and undermine investors’ long-term confidence in the stability of the dollar.

On February 11, news broke that Robinhood announced the launch of Robinhood Chain, an Ethereum-compatible Layer 2 network built on Arbitrum technology, marking a key step for the fintech company as it transitions from a trading platform to a blockchain infrastructure provider. The network focuses on high performance, low costs, and financial-grade scalability, with an emphasis on tokenized assets and real-world assets (RWA) scenarios.
Unlike traditional models that only offer matching services, Robinhood chooses to control both user access points and the underlying blockchain architecture. Its Ethereum-compatible design allows developers to directly use existing tools and smart contracts, significantly lowering migration and deployment barriers; meanwhile, Arbitrum’s mature technology ensures high throughput and stability, making it competitive among many Layer 2 networks.

February 11 News, due to the market's high attention to the upcoming release of the U.S. January non-farm payrolls and unemployment rate, Bitcoin prices have sharply retreated to around $66,000 in the past 24 hours. The dollar and U.S. Treasury yields are moving in sync, with Wall Street generally believing that employment may rebound, which would weaken the Federal Reserve's possibility of cutting interest rates in June, thereby putting pressure on risk assets including Bitcoin.
The U.S. Bureau of Labor Statistics (BLS) will release the January employment report today. Economists expect non-farm payrolls to increase by about 70,000, higher than December's 50,000, indicating that the labor market, while slowing, remains resilient. The forecast range varies from a decrease of 10,000 jobs to an increase of 135,000, with the unemployment rate possibly remaining at 4.4%. Average hourly earnings are expected to grow by 0.3% month-over-month, with the annual growth rate slowing to 3.6%.

The trading platform Boros under Pendle has launched the SOL funding rate trading markets SOLUSDC-Hyperliquid and SOLUSDC-Lighter. Users can profit by shorting YU, simplifying profit methods and capturing negative fee rate gains.

On February 11, Michael Saylor responded to the continuous decline in the stock price of Strategy (MSTR), stating that the fundamental reason is not due to company operations or execution issues, but rather because Bitcoin has entered a clear bear market phase over the past four months. As a highly "Bitcoinized" publicly traded company, MSTR's stock price movement is almost entirely dependent on the BTC market cycle, a structural characteristic that has been amplified in this round of correction.
Looking back at the market, Bitcoin once surged above $110,000 by the end of 2025, but then momentum weakened, and the price retreated to around $70,000, with previous gains significantly retraced. The prolonged downward trend has caused market sentiment to turn sharply negative, with risk assets under pressure across the board, and publicly traded companies with the most Bitcoin exposure bearing the brunt.

APRO has completed API integration with the CFTC-regulated prediction market Kalshi, incorporating compliant market signals into the oracle data stack to provide more authoritative data for prediction markets and AI models. This collaboration will promote the development of open and intelligent oracle infrastructure.

February 11 News, crypto market maker Wintermute pointed out in its latest market commentary that the AI investment boom has been ongoing for several months, drawing away available global funds and weakening the growth momentum of Bitcoin and the entire cryptocurrency market. The organization believes that if AI-related trading continues to dominate capital, digital assets may find it difficult to outperform other risk assets in the medium term.
Wintermute stated that the current market is experiencing a clear sector rotation, with funds flowing heavily into AI stocks, which has compressed the liquidity available for inflows into the crypto space. Over the past year, driven by demand for chips, cloud computing, and automation, many leading AI companies saw stock price increases of over 200%, attracting significant institutional allocations. In contrast, Bitcoin and mainstream crypto assets, while still above the lows of the previous cycle, have lagged significantly behind the AI sector in terms of gains.

On February 11, Bitcoin prices slightly retreated but remained around $66,000, with the market holding its breath as it awaits guidance from several key macroeconomic data points, including the latest U.S. employment report, Consumer Price Index (CPI), and the potential risk of a government shutdown. Ethereum also came under pressure, with prices still below $2,000, reflecting a generally weak risk appetite in the crypto market. The current total market capitalization of digital assets is approximately $2.29 trillion, down about 2.5% over the past 24 hours.
In the United States, the delayed January employment report will disclose non-farm payrolls, unemployment rate, and wage inflation, which are considered important indicators for assessing the economic start in 2026. Previously, in December, about 50,000 new jobs were added, and the unemployment rate dropped to 4.4%. Economists expect January's new job additions to rebound to 55,000, with the unemployment rate likely remaining unchanged. Tariff policies, immigration restrictions, and the accelerated replacement of traditional jobs by artificial intelligence are seen as the main variables disrupting the labor market.

February 11 News, as the largest stablecoin by market capitalization, USDT has recently shown rare signals. Its market cap growth, after expanding for two consecutive years, has turned negative for the first time, sparking market concerns about a weakening mid-term trend. Multiple on-chain indicators show that changes in stablecoin supply are becoming a key reference for measuring risk appetite and liquidity in the crypto market.
Data shows that the 60-day moving average of USDT market cap change, as reported by CryptoQuant, turned negative in February. The last time a similar situation occurred was in the third quarter of 2023. Historical charts indicate that when USDT supply continues to grow, new liquidity often flows into crypto assets; when the growth rate is negative, it suggests funds are more inclined to withdraw from the market rather than wait for a rebound. Analyst Crypto Tice pointed out that a contraction in purchasing power weakens downside support, making short-term rebounds more susceptible to selling pressure.

February 11 News, privacy cryptocurrency Zcash (ZEC) continues to weaken amid rising market risk aversion, with a decline of over 25% this month. In January, ZEC plummeted more than 41%, continuing its downward trend since 2026. As of press time, ZEC is priced at approximately $227.22, down another 4.29% in the past 24 hours.
Looking back at its trend, ZEC once surged over 440% in October 2025 against the trend, becoming one of the few strong assets at that time. Despite volatile fluctuations in November and December, it ultimately closed slightly higher. However, after entering 2026, global risk assets came under pressure, coupled with rumors of Electric Coin Company (ECC) parting ways with Bootstrap, which significantly cooled market sentiment and led to continuous selling pressure on ZEC.

On February 11, news reports indicate that LayerZero (ZRO) has risen approximately 22.36% in the past 24 hours, with the price briefly reaching $2.45. It is currently hovering around $2.35. Driven by multiple major positive developments, ZRO's daily trading volume surged by 328%, reaching approximately $500 million, indicating a rapid influx of capital and attention.
The core catalyst for this rally comes from LayerZero Labs' release of the new Layer-1 network Zero. The platform targets institutional financial markets and is scheduled to launch in Fall 2026. Zero will utilize zero-knowledge proofs and the Jolt virtual machine architecture. The official claim is that its theoretical throughput can reach 2 million transactions per second, addressing scalability and efficiency bottlenecks faced by traditional blockchains. The network will establish three permissionless "zones," governed by the underlying protocol, with ZRO serving as the native token and governance asset.

February 11 News, despite the ongoing volatility in the crypto market, Strategy Executive Chairman Michael Saylor remains bullish on Bitcoin, believing its long-term returns could reach twice that of the S&P 500 index. Over the past year, Bitcoin has fallen sharply from its all-time high of $126,000 set in October 2025, currently trading about 28.6% below its peak. During the same period, Strategy's stock price declined even more significantly, dropping to around $103 at one point, and recently rebounded to approximately $138.
Amidst the market downturn, Strategy has chosen to increase its holdings. The company disclosed that it has spent about $90 million to purchase 1,142 Bitcoins, bringing its total holdings to 714,644 coins, accounting for approximately 3.4% of the total Bitcoin supply. However, the current Bitcoin price is still below its overall acquisition cost. The company recorded a net loss of $12.4 billion in Q3 2025, with a loss of $42.93 per share.

Odaily Planet Daily reports that, according to Token Terminal data, the Ethereum staking rate has exceeded 30%, reaching a new all-time high.

Odaily Planet Daily reports that according to msx.com data, U.S. stock pre-market crypto concept stocks declined across the board, with MSTR down 3.93%, SBET down 6.47%, BMNR down 6.99%, and CRCL down 0.58%.
It is reported that msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering U.S. stocks such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, NVDA, and others.

Odaily Planet Daily reports that Gate data shows spot gold has risen above $5,070 per ounce, up 0.94% today.