Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

On February 12, Binance founder CZ said he’s confident in the decision to shift the $1 billion SAFU fund into BTC, inviting people to check in on the outcome down the line. “I could be wrong, but I think this’ll ultimately be good for the SAFU fund. Save this tweet—we can circle back to it later.” Today, Binance’s SAFU fund address added 4,545 BTC (valued at $304.58 million) to its holdings, wrapping up its $1 billion Bitcoin buy plan. The fund now holds 15,000 BTC. Based on the prices at the time of transfers to the fund address, Binance has spent a total of $1.03867 billion—for an average Bitcoin purchase price of roughly $69,245.

On February 12, Geode Capital Management—with $1.48 trillion in assets under management (AUM)—disclosed it had increased its holdings of MicroStrategy (MSTR) by 175,343 shares, valued at approximately $22 million. The firm now holds a total of 3.91 million MSTR shares, with a position worth $502 million.

**Crypto Spot Net Flows (Past 24 Hours, Feb 12) – Coinglass Data** Top Net Outflows: - BERA: $35.51M - XRP: $14.54M - SOL: $14.02M - OG: $12.62M - UNI: $12.33M Top Net Inflows: - BTC: $127M - TRX: $15.07M - BNB: $11.15M - ASTER: $7.40M - ETH: $5.53M This rewrite uses concise, scannable formatting (bullets, clear headings) and abbreviations ($M for million) common in U.S. crypto news briefs, avoiding redundant phrasing while keeping all data accurate.

February 12th – Per Bitget market data, pre-market cryptocurrency-related stocks rebounded, with the following gains: - MicroStrategy (MSTR): +1.77% - Coinbase (COIN): +0.46% - Circle (CRCL): +1.62% - MARA Holdings (MARA): +1.19% - Riot Blockchain (RIOT): +1.01% - Bit Digital Immersion (BTBT): +2.77% - Blue Moon Digital (BMNY): +1.96%

Feb. 12 — Ethereum rebounded to break above $2,000, posting a 2.44% 24-hour gain, per HTX market data.

On February 12, the Hong Kong Monetary Authority (HKMA) released its **Hong Kong Banking System 2025 Review and 2026 Work Priorities**. Among this year’s key priorities are supporting the sustainable, responsible growth of the digital asset industry and advancing the "Fintech 2030" initiative, which focuses on three core areas: - Data & Payments (Comprehensive Risk Data Strategy) - Artificial Intelligence (Generative AI Sandbox++ and Financial Industry-Specific Models) - Tokenization (Regulatory Sandbox for Distributed Ledger Technology) ### Notes on U.S. language adaptation: 1. Used **key priorities** (more concise than "work priorities" for U.S. news brevity) 2. Added "which focuses on" to clarify the 3 areas (natural flow for U.S. readers) 3. Replaced "and" with "&" in "Data & Payments" (common in U.S. financial/tech shorthand for phrases) 4. Capitalized "Industry-Specific" (standard for compound adjectives in U.S. style guides) 5. Used bullet points (standard f