Caixin: Asset Disposal of 60,000 Bitcoins in the Qian Zhiping Money Laundering Case Stuck

Per official sources, Binance will list Espresso (ESP) on February 12, 2026, at 21:00 Beijing Time. Trading pairs ESP/USDT, ESP/USDC, and ESP/TRY will be activated upon listing, and ESP will carry a "Seed" label.

Per LookOnChain data, trader 0xC6F5 liquidated their ETH long position 9 hours ago on February 12, losing ~$547k. Just two hours ago, though, the trader doubled down by opening a 25x leveraged long position of 9,366 ETH—valued at approximately $18.44 million.

**Binance Wallet to Launch New Alpha Airdrop Today at 9:00 PM Beijing Time (Feb 12)** Official sources confirmed Binance Wallet will roll out a new round of its Alpha Airdrop today, February 12, at 21:00 Beijing time. Users with **at least 240 Binance Alpha points** can claim tokens on a first-come, first-served basis—until the airdrop pool is fully distributed or the event concludes. More details will be announced soon.

February 12 — At the Consensus 2026 conference, Ella Zhang, head of YZi Labs, shared that the firm currently co-manages more than $10 billion in assets alongside CZ, with a focus on AI, biotechnology, and Web3. YZi Labs’ investment strategy is rooted in first principles, prioritizing real-world needs over fleeting trends. Zhang noted AI is an inevitable trend, biotechnology represents an exponential opportunity to boost human capabilities, and the crypto industry is cyclical. Beyond capital support, YZi Labs emphasizes nurturing resilient founders through a mentorship program. She also highlighted stablecoins as the first critical application to bring cryptocurrencies into the mainstream, and mentioned Zhao Changpeng (CZ) is now acting as a mentor with an “intern mindset.”

Inference Research, an AI quantitative trading firm, has closed a $20 million seed funding round led by Avenir Group, the family office of Li Lin. The capital will go toward expanding its in-house R&D infrastructure to integrate traditional finance and digital assets, while accelerating team expansion.

On February 12, QCP Capital Client Coverage Lead Elbert Iswara said during a podcast that the current bear market is less a structural collapse and more a liquidity reset. He noted this cycle’s volatility is intense but historically typical, adding the rebound from ~$60k signals lingering underlying demand—particularly from long-term holders and institutions. Iswara explained the market’s direction is driven by broader risk-off sentiment, including liquidity tightening and shifting rate expectations. Crypto-specific factors—ETF outflows, derivative position shifts, leveraged liquidations—have amplified this volatility, speeding up and intensifying its swings. Right now, Bitcoin trades as a liquidity-sensitive risk asset, especially amid contraction or stress. Iswara noted this doesn’t negate Bitcoin’s store-of-value narrative—but investors shouldn’t expect it to act as a hedge in every sell-off. Bitcoin remains a hybrid asset whose role will shift with the macro cycle. Iswara