Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

On February 13th, DeFiance Capital CEO Arthur posted on Medium, highlighting a full transformation in the cryptocurrency market: shifting from a venture capital-backed, growth-focused valuation system to a cash flow-centric model—framing this as the most reliable path to deliver substantial returns for investors. “VC-style crypto is dead; cash flow-style crypto is eternal,” Arthur wrote. “All future projects I invest in must be pure cash flow businesses—able to recoup all invested capital within 6 to 12 months and deliver a 3x to 5x return solely from cash flow. Projects relying solely on hyped growth narratives will no longer work.” He added that investors who haven’t grasped this shift will only continue to drain capital endlessly.

**Alameda Transfers ZRO (Swapped for STG) to Wintermute; LayerZero’s Zero Chain Launch Plan Precedes Swap** - Onchain Lens monitoring reveals Alameda Research transferred ZRO tokens (from a recent STG exchange) to the Wintermute address 12 hours ago. - Two hours prior, Alameda’s liquidation address converted 129 million STG (12.9% of total STG supply) into 11.142 million ZRO, worth ~$24.29 million. - The swap followed LayerZero’s announcement yesterday of plans to launch its L1 public chain, Zero.

**Feb 13: Openclaw Founder Rejects Big Offers, Prioritizes Open-Source** Openclaw founder Peter Steinberger confirmed in a recent interview with Lex Fridman that the project has fielded acquisition offers from multiple companies. When asked about potential funding in the hundreds of millions or billions of dollars, he said: *“I’m simply not interested. Having been a CEO before, I know this path would consume all my time and create conflicts of interest—like prioritizing the enterprise edition or changing the open-source license, moves that would harm the community. What I want is unconditionally fully free and open-source software.”* He added donations alone aren’t sustainable, noting even popular projects like Tailwind are laying off staff. Additionally, Steinberger disclosed Openclaw is operating at a loss: monthly revenue ranges from $10,000 to $20,000, but subsidizing personal maintenance for dependent projects (even with support from firms like OpenAI) remains unsustainab

On February 13, per data from Chain.info, the Virtuals Protocol team transferred 13.05 million VIRTUAL tokens—valued at roughly $7.51 million—to Binance.

February 13th — A bill to create a strategic sovereignty Bitcoin reserve in Brazil, named RESbit, has been formally filed with the country’s Chamber of Deputies, according to the chamber’s official website. The legislation requires Brazil to accumulate at least 1 million bitcoins over five years through phased, planned acquisitions—marking a major expansion of earlier proposals that would have used 5% of foreign exchange reserves for Bitcoin purchases. Additional provisions in the draft include: banning the sale of judicially seized Bitcoin; allowing Bitcoin as payment for federal taxes; and offering incentives for Bitcoin mining and holding firms. If passed, the bill would push Brazil’s Bitcoin holdings past those of the U.S. and China. Currently, the proposal faces hurdles from existing central bank regulations, which do not recognize Bitcoin as a reserve asset.

On February 13th, per Bitget market data, Coinbase (COIN) stock jumped over 7% in pre-market trading, last trading at $151.08. Earlier, Coinbase released its Q4 2025 earnings report, posting a net loss of $667 million—which drove a 7.9% drop in its closing price yesterday. Following the earnings, CEO Brian Armstrong noted during a conference call that the current crypto slump stems from psychological factors, not fundamentals or macroeconomic issues. He stressed the company will continue buying BTC and repurchasing its stock. Additionally, Armstrong highlighted Coinbase’s successful diversification, with robust growth in subscription services and USDC-related revenue. These comments appear to have been well-received by the market.