U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

On February 13, the Ethereum Foundation announced its official institutional-focused Ethereum website is now live in Chinese. The launch aims to boost deeper engagement from global builders and institutional leaders in the Ethereum ecosystem. Users can access institutional use cases, on-chain data analysis, and community research findings via the site.

On February 13, the U.S. Department of Justice (DOJ) announced a landmark case: Ramil Ventura Palafox, CEO of Praetorian Group International (PGI), was sentenced to 20 years in prison for operating a $200 million Bitcoin Ponzi scheme. Palafox, 61, a dual U.S.-Philippine citizen, served as PGI’s chairman and CEO. He was convicted of wire fraud and money laundering for defrauding more than 90,000 investors worldwide. The scheme ran from December 2019 to October 2021: Palafox falsely claimed PGI traded Bitcoin, promising daily returns of 0.5% to 3%. But PGI’s actual Bitcoin trading volume was far too low to deliver those returns—confirming it was a classic Ponzi scheme. Global investors poured over $201 million into PGI: $30.295289 million in fiat currency and 8,198 Bitcoins (valued at $171.498528 million). Total investor losses topped at least $62.692007 million.

On February 13th, Pump.fun launched its GitHub Creator Fee Sharing feature, which now lets users allocate creator fees to any GitHub account through the Pump.fun mobile app. More social features are coming soon.

February 13th: U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins told lawmakers Thursday that prediction markets are a "huge issue" of concern for regulators. The sector is rapidly evolving, and he and Commodity Futures Trading Commission (CFTC) Chair Michael Selig share that concern. Over the past year, prediction markets like Kalshi and Polymarket have seen explosive growth—particularly in the wake of the 2024 U.S. election. Regulation of the space has emerged as a focal point of debate between state and federal governments.

Feb 13: Crypto & Market Update ### Crypto - Bitcoin dipped this morning to $65,118, now rebounded to $66,245; Ethereum briefly fell below $1,900, now at $1,948; SOL dropped under $80, BNB touched $600. - Total crypto market cap: $2.347T, 24-hour drop of 0.6%. - Top altcoin losers: CHESS (-51.45%, $0.0035); DF (-44.3%, $0.00175); BERA (-19.9%, $0.73); FLOW (-19.6%, $0.039); DYM (-9.3%, $0.0048) ### US Stocks - Dow (-1.34%), S&P 500 (-1.57%), Nasdaq (-2.03%); Apple plummeted 5%, Nvidia slipped 1.64%. - Coinbase (COIN) released Q4 2025 earnings: $667M net loss, but full-year performance remained strong. - Crypto-related stocks mostly down: MicroStrategy (MSTR) (-2.44%); Circle (CRCL) (-2.07%); BitMine Immersion (BMNR) (+1.39%, outperforming); SharpLink Gaming (SBET) (-1.21%); Coinbase (COIN) (-7.9%) ### Precious Metals (Bitget Data) - Spot gold tumbled $200 intraday to $4,878.376/oz; spot silver dropped below $75/oz (steeper decline).

Coinbase released its Q4 2025 and full-year financial results on Thursday (February 13) following the U.S. stock market close, delivering mixed performance amid a broader crypto market downturn. The exchange posted a Q4 net loss of $667 million, or $2.49 per share—well above analyst expectations. Total revenue came in at $17.8 billion, marking a 5% quarter-over-quarter decline and 22% year-over-year drop, missing the market’s forecast range of $18.3 billion to $18.5 billion. Adjusted metrics told a different story: adjusted EPS of $0.66, adjusted net income of $1.78 billion, and adjusted EBITDA of $566 million. Despite Q4 pressure, Coinbase’s full-year 2025 performance was robust: - Total trading volume hit $52 trillion (156% year-over-year growth) - Crypto trading market share doubled to approximately 6.4% - Subscription and services revenue rose 23% to roughly $2.8 billion - Coinbase One paid subscribers approached 1 million - Platform assets and USDC stablecoin balan