Solana staking protocol Fragmetric completes $7 million seed round

On February 12, Bloomberg reported that Coinbase Global Inc. board members on Wednesday failed to block the public release of testimony linked to an insider trading lawsuit involving CEO Brian Armstrong, venture capitalist Marc Andreessen and other board members. A Delaware Chancery Court judge has ordered the crypto firm’s special litigation committee to disclose trial records from two testimonies: one from Gokul Rajaram, an angel investor and committee member, and another from Joseph R. Slights III, head of the law firm leading the company’s internal probe into shareholder allegations. Presiding Vice Chancellor Kathaleen St. J. McCormick rejected the claim that witnesses would be less forthcoming if they knew their testimony might be made public.

On February 12, The Block reported that Paxful Holdings Inc. has been ordered to pay a $4 million fine. Prosecutors stated the crypto exchange profited from insufficient anti-money laundering (AML) controls, enabling criminals to transfer funds linked to fraud, prostitution, and sex trafficking. Per a Wednesday statement from the U.S. Department of Justice (DOJ), prosecutors noted Paxful was aware its customers were moving funds tied to criminal activity.

February 12 — Lighter has rolled out a funding rate rebate mechanism for perpetual contract trading, per official sources, marking a new initiative echoing its prior innovative zero-fee on-chain trading model. Put simply, eligible traders paying funding rates will receive a percentage rebate, while the funding rate charging structure remains unchanged. Rebates can reach up to 15% of the total funding rate paid. The mechanism is effective immediately, with rebates distributed within 24 hours.

February 12 — U.S. President Trump said he concluded a "very successful" meeting with Israeli Prime Minister Netanyahu. During the session, the two discussed Gaza and significant progress across the region. Additionally, Trump emphasized his push for continued negotiations with Iran to explore a potential deal — no decisions were finalized in the meeting.

**TD Securities Delays Fed Rate Cut Start to June, Still Expects 75bps of Cuts This Year** February 12 – TD Securities has revised its forecast for the Federal Reserve’s first interest rate cut of 202X, pushing the timing from March to June, while maintaining its call for a total of 75 basis points (bps) of policy easing this year to lower the target rate to 3%. The firm’s team, led by Chief U.S. Macro Strategist Oscar Munoz, projects 25bps cuts at each of the Fed’s June, September, and December meetings. Crucially, the expected policy easing is not driven by a deteriorating economic outlook, but by inflation gradually moving toward the Fed’s target—allowing monetary policy to “normalize.” Improved employment prospects will also let the Fed refocus on its inflation mandate, the team noted. TD Securities also forecasts U.S. bond yields will keep falling this year, with the 10-year Treasury yield seen ending 202X at 3.75% (up from its prior forecast of 3.5%). Source: FXStr

On February 12, Binance released a statement saying: “Coinglass’s display of Binance outflow data is glitched due to issues with the third-party platform data it uses—similar to past instances where DefiLlama showed abnormal data. We expect its data to be restored within 24 to 48 hours.” Regular withdrawal tests across all trading platforms are a proactive, healthy practice. When doing these tests, always double-check addresses—only initiate a withdrawal after verifying they’re correct. All platforms should set up an annual “Withdrawal Day” to confirm their assets are legitimate.