Solana staking protocol Fragmetric completes $7 million seed round

February 12th — Per GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_a3W4qutoEJA4232T2gwZUfgYJTetr96pU4SJMwppump), Solana-based meme coin WhiteWhale rebounded after hitting a market cap low of roughly $52 million yesterday. As of press time, its market cap stands at ~$88 million, with a current price of ~$0.0927, a 24-hour gain of 42%, and 24-hour trading volume of $3.5 million. A whale trader named "The White Whale" holds a position valued at ~$50 million (representing a 57.6% holding ratio). The trader’s current unrealized profit is ~$900,000 (21%), while total realized profit totals $20.2 million. BlockBeats reminds users: Meme coin trading carries extreme volatility, depends heavily on market sentiment and hype, and has no tangible value or real-world use case. Investors should exercise caution and be aware of significant risks.

February 12 — Today, the Binance SAFU fund address has again acquired 4,545 BTC, valued at $304.58 million. Binance has completed its $1 billion Bitcoin purchase plan, currently holding 15,000 BTC worth $1.005 billion. As previously reported, on January 30, Binance announced it would gradually convert its original $1 billion stablecoin reserves into Bitcoin, with the plan to be fulfilled within 30 days. If the market value of the holdings falls below $800 million due to fluctuations, additional BTC will be purchased to restore the $1 billion target.

On February 12, per Arkham monitoring, the Binance SAFU Fund’s wallet address has once again acquired 4,545 BTC, valued at $304.58 million.

**February 12** A Caixin report notes 8,300 Chinese victims have filed claims for 60,000 Bitcoin linked to a money laundering case involving Qian Zhimin, amid an asset recovery deadlock. Multiple law firms are representing the victims separately, but a British judge has flagged issues including duplicate submissions, repeated arguments, and prolonged proceedings—with legal fees soaring, to be covered by the Chinese victims. The UK High Court will hold a hearing on the case on February 16–17, 2026 (Chinese Lunar New Year’s Eve and the first day of the Year of the Horse). The hearing involves over 30 billion yuan in assets and nearly 130,000 Chinese victims. Bitcoin price fluctuations have shrunk the 60,000 Bitcoin’s market value from a peak of ~54 billion yuan on October 6, 2025, to ~31 billion yuan in early February 2026.

February 12 — Cryptocurrency lending platform BlockFills has issued a statement on X addressing its suspension of deposit and withdrawal services. The firm said it made the decision amid recent market conditions to better safeguard the interests of both customers and the company. Users may still open and close spot and derivatives trades, along with other specified transactions, on the platform. BlockFills’ management is currently collaborating closely with investors and customers to develop a liquidity restoration plan focused on resolving and restoring the platform’s liquidity. The company will regularly update customers on the latest developments as the situation evolves.

February 12th, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone noted: “If Ethereum (ETH) falls to $1,500, Tether’s (USDT) market capitalization will surpass ETH’s. The crypto market’s most enduring trend is Tether ‘outpacing everything’—only Bitcoin (BTC) and Ethereum remain unpassed. Tether is set to overtake Ethereum’s market cap near ETH’s key support level of ~$1,500 if ETH drops to that mark. Earlier, Ethereum already broke below its key $2,500 support level dating back to 2024. I believe Tether may eventually even surpass Bitcoin, which is currently around $10,000.”