Bloomberg: Coinbase Asked to Disclose Insider Trading Case Testimony Records

On February 12, TheStreet reported that the cryptocurrency market has yet to recover from the October 11 crash. The total market capitalization of digital assets has fallen from $3.1 trillion a month ago to $2.3 trillion currently. Despite broad bearish sentiment in the market following the crash, JPMorgan remains bullish on the crypto space for 2026. The bank recently noted that institutional inflows and regulatory clarity are expected to solidify gains in the digital asset market. In a report, the JPMorgan analyst team led by Nikolaos Panigirtzoglou wrote: “We’re bullish on the 2026 crypto market—we expect further inflows into digital assets, but this round of growth will be driven more by institutional investors.” JPMorgan analysts currently peg Bitcoin’s production cost at roughly $77,000 per coin, which could form a new price equilibrium level after miner capitulation. If BTC trades below this threshold for an extended period, it may force some miners to exit the market.

On February 12, Onchain Lens monitoring showed a newly created wallet deposited 5.1 million USDC into Hyperliquid and opened a 1x-leveraged short position on GOLD.

February 12th — Per Decrypt, Coinbase has launched Agentic Wallets, positioning the offering as payment infrastructure directly integrated into Coinbase’s existing custody and compliance system, not merely an agent framework. Coinbase Developer Platform Engineering Manager Erik Reppel said in an interview: “This isn’t an SDK, nor a library — it’s a wallet built specifically to let AI agents operate as quickly as possible. It’s not AI itself, but users can give it to AI agents, and those agents will be great at using it.”

On February 12, ChainNews reported that BlackRock disclosed plans to acquire UNI overnight, sparking a price jump. Shortly afterward, a crypto whale address moved 3.65 million UNI (valued at roughly $13.43 million) to Coinbase Prime.

Feb. 12 (Bloomberg) — The U.K. Treasury has tapped HSBC Holdings Plc’s blockchain platform to pilot digital government bond issuances as part of an update to its national capital markets infrastructure plan. In a Thursday statement, HSBC said blockchain-based bond issuances are expected to strengthen the U.K.’s debt capital market structure and speed up settlement times. The lender also confirmed its Orion platform was selected for the pilot.

OKX Founder and CEO Star took to social media on February 12, noting: “Crypto has evolved through the Bitcoin era (2008–2015), followed by the smart contract and decentralized application (dApp) phase (2016–2024). The experimental stage is over—we’re now entering the on-chain finance era (2025–present).” “Over the next decade, a large chunk of the global economy will move on-chain. Financial services for the internet generation need to be 24/7, low-cost, and instant—just as easy as sending an email.”