Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

**February 12** U.S. investment bank Monness, Crespi, Hardt & Co. has downgraded Coinbase’s stock rating to **Sell** amid persistent weakness in the cryptocurrency market. The firm also cut its revenue, EBITDA, and EPS projections for Coinbase, forecasting the crypto market will remain sluggish through 2026 and 2027. Coinbase shares have fallen roughly 50% since late 2025. Per Bitget market data, Coinbase is trading down 0.2% in pre-market session at $152.76, with a total market capitalization of approximately $41 billion.

### Feb. 12 Update SBF posted a message tagging Donald Trump, claiming businesses were forced to relocate overseas under the Biden administration—but were welcomed back in the U.S. under Trump. He slammed Democratic regulations as "absurd": requiring licenses yet refusing to issue them, making domestic operations unfeasible. Under Trump, the Justice Department stopped targeting entire industries, he said. For years, all liquid prediction markets operated abroad for this reason; now they’re open to Americans, as is the crypto market. Democrats raised corporate taxes, pushing companies overseas and creating loopholes for them to hoard funds abroad, while Trump expanded tax incentives to draw investment back to the U.S. ### Yesterday’s Post SBF published a post (link: https://www.theblockbeats.info/flash/332128) claiming innocence, seeking to overturn his conviction, and accusing the Biden administration of witness tampering and coercion. ### Background On Dec. 2 last year, Tr

On February 12, Binance Alpha will launch the Story (IP) airdrop claiming process. Users with at least 240 Binance Alpha points can claim tokens on a first-come, first-served basis—until the airdrop pool is exhausted or the event concludes.

February 12 — The American Bankers Association (ABA) is calling on the Office of the Comptroller of the Currency (OCC) to slow its approval process for digital asset companies seeking national bank charters. The banking industry’s top lobbying group said the OCC must ensure its regulatory and bankruptcy framework can address risks from cryptocurrency and stablecoin firms, and urged all stakeholders to exercise patience.

On February 12, Krishna Guha of Evercore ISI noted that Kevin Warsh’s hawkish stance on inflation may have been overstated. While his potential nomination initially lifted Treasury yields and pressured gold prices, Warsh should be viewed as a pragmatic conservative who can distinguish between supply-driven and demand-driven inflation — a distinction that could make Fed policy more flexible under his leadership. Warsh has previously argued that artificial intelligence and productivity gains are positive supply shocks that could ease pressure for tighter monetary policy. He supports the Fed’s balance sheet runoff but is unlikely to pursue aggressively tight policies that could roil markets. In a politically charged environment, the Fed’s consensus-driven approach is expected to persist, though it will face extraordinary pressure.

Binance is set to list Espresso (ESP) across its Launchpool, One-Click Buy Crypto, Instant Exchange, Margin, and Futures platforms on February 12. The ESP contract will go live at 21:00 UTC+8 on the same date.