South Korea's largest cryptocurrency exchange Upbit will delist FLOW

February 12: Per LookOnChain monitoring, a new wallet with the prefix 0xDD6A withdrew 1.6 million ASTER from Binance two hours ago—valued at roughly $1.12 million.

Feb 12 – According to DefiLlama data, mainstream perpetual DEX trading volumes have broadly rebounded, though open interest across platforms remains low and overall market conditions are stable. Hyperliquid leads in trading volume, with its 24-hour volume hitting ~$75.3 billion (a sharp increase from the prior day) — yet its open interest has not seen a notable rebound. Key metrics for major perpetual DEXs are as follows: - [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD): 24h Volume ~$75.3B | TVL ~$42.3B | Open Interest ~$49.0B - [Aster](https://www.asterdex.com/en/referral/aboter): 24h Volume ~$36.4B | TVL ~$10.8B | Open Interest ~$18.2B - EdgeX: 24h Volume ~$35.1B | TVL ~$18.5B | Open Interest ~$10.2B - [Lighter](https://app.lighter.xyz/?referral=70045843): 24h Volume ~$23.0B | TVL ~$9.22B | Open Interest ~$7.22B - Grvt: 24h Volume ~$18.4B | TVL ~$89.26M | Open Interest ~$3.86B - [Pacifica](https://app.pacifica.fi/?referral=pacbot): 24h Volume ~$7.6B | TVL ~$37

On February 12, Joseph Chee—CEO of Solana Treasury Company, the firm behind the publicly traded SOL token—said during the Consensus Hong Kong conference: “The first billion people to enter the blockchain space will join via clicking and using simple tokenized products and various investment targets, and they’ll come from Asia. That’s why I believe the Solana supercycle will kick off in Asia: there’s a massive population base here, plus a group of people with an extremely open mindset toward new technology. The speed at which folks here adopt new things is far faster—from seven-year-olds to 80-year-old grandparents, everything’s moving much quicker here than in other parts of the world.”

On February 12th at the Consensus Hong Kong conference, Charles Hoskinson—founder of Cardano and co-founder of Ethereum—showed up in a McDonald’s uniform. He noted: “The crypto industry’s current state isn’t healthy. Things are getting serious: liquidity’s drying up, many people are feeling down, and Twitter’s flooded with unprecedented pessimism. It’s like a freshly cleaned garbage dump that’s now on fire.” But there’s a silver lining, he added. The key takeaway? Even if things look messy at the micro level, the macro picture is telling us we need a new paradigm, a new vision, a new narrative.

February 12 — According to an official announcement, Solana ecosystem perpetual contract trading platform Pacifica has expanded its trading pairs into traditional financial markets, adding perpetual contracts for Gold (XAU), Copper (COPPER), Google stock (GOOGL), and the Euro/US Dollar forex pair (EURUSD), among others. Additionally, the platform has launched pre-market perpetual contracts for LayerZero (ZRO) and Backpack (BP) simultaneously. Gold, Copper, and U.S. stock contracts all support up to 10x leverage trading. Users can use the on-chain copy-trading tool Coinbob Pacifica (@CoinbobPAC_bot, via https://t.me/CoinbobAI_bot) to copy trades from various traders focused on traditional assets, earn trading profits, and accumulate Pacifica platform points in anticipation of potential airdrops.

**Crypto Analyst Axel: Key Liquidity Indicators Flag Weak Market, January Recovery Push Failed** On February 12, cryptocurrency analyst Axel said in a social media post that two critical liquidity indicators are signaling a weak market. The Bitcoin Stablecoin Supply Ratio (SSR) 90-day Oscillator briefly turned positive in January before falling back into negative territory (currently -0.15). Meanwhile, USDT’s market cap has dropped $28.7 billion over the past 30 days—confirming ongoing liquidity outflows from the crypto ecosystem. Axel noted that in mid-January, the SSR 90-day Oscillator hit +0.057, while USDT’s market cap rose $14 billion over 30 days—timing with Bitcoin’s brief push above $95,000. But both signals failed to hold: by February, the SSR had flipped negative again, and Bitcoin had pulled back to $67,000. “January was a tentative recovery push, but February marks that push’s failure,” Axel said. He added that the six-month dominance of the “pink zone” signals