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JPMorgan Reaffirms Bitcoin's Long-Term Target Price of $266,000

2 hours ago

On February 13, a JPMorgan Chase analyst noted Bitcoin’s long-term price target stands at $266,000, based on volatility-adjusted comparisons to gold. A U.S. winter storm and high-cost miners exiting the market were the key drivers behind Bitcoin’s hash rate drop, though rebound signs have emerged. Despite short-term volatility, the JPMorgan team remains bullish on the crypto market through 2026, with institutional investors expected to fuel growth.
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An Israeli reservist soldier, in cahoots with a civilian, has been charged with insider trading using classified intelligence on Polymarket

Israeli prosecutors have indicted a reserve soldier and a civilian, charging them with using classified military information to place bets on blockchain-based prediction platform Polymarket, The Block reported on February 13. Prosecutors allege the soldier accessed sensitive operational intelligence through his military position and shared it with the civilian, who then used the information to wager on events tied to military operations on Polymarket. Authorities noted the suspects were arrested in a joint operation.

8 minutes ago

Bullet announces that Perpetual Contract Trading is now live on the mainnet

On February 13, official sources confirmed that Solana ecosystem trading platform Bullet has launched perpetual contract trading on its mainnet. Its base-layer architecture is built for high-speed trading, supporting up to 30,000 orders per second with latency as low as 1 millisecond. Currently, Bullet’s mainnet is restricted-access. Users looking to participate early need an invitation code, which can be obtained by reaching out to the team. Access for waitlist users will be rolled out gradually in batches, with the first batch of whitelisted users gaining entry today. It is reported that Bullet offers derivatives, spot trading, and lending products on a single platform, delivering a one-stop “trinity” service.

8 minutes ago

CZ AMA Summary: Chinese Community Should Unite to Expand Global Influence, Traders Must Form Their Own Strategies

**Binance Founder CZ’s Key AMA Takeaways (Feb 13)** 1. **Meme Trading & Markets** Meme traders need personalized strategies, CZ said. Meme coins require strong cultural roots for long-term success (e.g., Dogecoin, Floki’s loyal fan bases). This bear market may not follow the 4-year cycle—traders must assess risks carefully, but the industry will thrive long-term. 2. **Industry Builders** Developers shouldn’t fixate on short-term swings. Projects must update offerings and engage communities regardless of market conditions. Long-term outlook: Market growth, Bitcoin/major cryptos outperforming, most mainstream public chains succeeding. Teams should refine products (skip competitor comparisons) and prioritize users: protect funds, low fees, fast speeds, top UX—“everything else is noise.” 3. **Personal Focus** CZ values societal impact over the “richest person” label. He’s fortunate to have resources (capability, team, funding, time) to do meaningful work: “Few my ag

8 minutes ago

Bitcoin codebase adds Improvement Proposal BIP-360 aimed at enhancing quantum resistance through a soft fork

On February 13, details on the relevant page show Bitcoin Improvement Proposal 360 (BIP-360) has been integrated into the official codebase. The proposal introduces the Pay-to-Merkle-Root (P2MR) output type, which aims to boost Bitcoin’s defense against quantum computing threats via a soft fork.

8 minutes ago

ETH's largest long position's unrealized loss doing a martingale to lower its average price, current position size is approximately $116 million

Feb 13 — According to Coinbob Popular Address Monitoring (via https://t.me/Coinbob_track_CN), on-chain data shows the largest ETH long whale (0xa5b…) has trimmed its position twice recently: offloading 7,000 ETH (≈$14M) at $2035 on Feb 9 and ~$1960 on Feb 11, for a total $596k loss. Over the past 6 hours, the whale has gradually re-entered positions at an average price of $1919, executing swing trades. Currently, it holds a 15x-leveraged ETH long position of 60,000 ETH (≈$116M). Its average entry price has fallen from $2059 to $2048, leading to an unrealized loss of $6.27M (-80%). The liquidation price is $1328, with $27M in remaining collateral in the account. Prior to this, on Feb 9, the whale closed out a ~2-month-old ETH long position for a ~$9.63M loss, then re-entered a position of similar size (≈60k ETH).

8 minutes ago

Preview: Market Focuses on January's Unadjusted CPI YoY Tonight, Potential Hawkish Fed Pivot

Tonight (Feb 13) at 21:30 UTC+8, the U.S. will release **January NSA CPI YoY** (prior: 2.70% | exp: 2.50%) and **January SA CPI MoM** (prior: 0.3% | exp: 0.3%). Goldman Sachs analyst Kay Haigh said yesterday the Fed still has room for two more rate cuts this year—but an unexpected rise in Friday’s CPI could push the central bank toward a more hawkish stance. Per PolyBeats monitoring on Polymarket, the probability that January NSA CPI YoY is ≤2.8% is 96%, while odds for 2.9% and 3.0% each stand at just 2%.

8 minutes ago