Gate.io Launches INIT Perpetual Contract Pre-trading

On February 12, Coinbase will list Espresso (ESP) perpetual contracts for trading. The ESP-PERP market will launch if liquidity conditions are met and the trading area is already enabled for trading.

On February 12, Binance founder Changpeng Zhao (CZ) shared during an AMA (Ask Me Anything) session: “I’m not a skilled meme trader myself, and I don’t know what strategies profitable meme traders rely on. However, if you buy every meme coin others push based on my tweets, I can guarantee you’ll lose money—that’s a given. Some might misinterpret this, but my point is clear: if you’re a meme trader, you need to develop your own strategy. I don’t know which strategy works, either. But I believe meme coins that stand the test of time need strong cultural identity. Take Dogecoin and Floki—they’ve lasted because they have fiercely loyal fan bases. Newly launched meme coins carry higher risk. My advice? If you’re not sure what you’re doing, don’t touch them—unless you truly understand the space. I’m not an expert in meme coins, either.”

February 12 — Former President Donald Trump’s $10 billion defamation lawsuit against the BBC (British Broadcasting Corporation) is set for trial in February 2027, one of several suits he filed after returning to the White House. U.S. District Judge Roy K. Altman — a Trump appointee — signed an order in Miami on Wednesday setting the trial date, and also required the president and BBC to complete a mediation process by November 3. Trump’s lawsuit arises from a misleading edit in a pre-2024 election documentary that falsely implied he directly called for violence in his January 6, 2021, speech ahead of the Capitol riot.

On February 12, Binance founder CZ announced earlier that a bilingual (English and Chinese) live AMA is scheduled for today at 11:00 PM Beijing time—viewers can ask him any questions during the session.

February 12 — Perpetual DEX Lighter has partnered with Circle (USDC stablecoin issuer) to split interest generated from approximately $9.2 billion in USDC deposits held on its platform.

On February 12, Bubblemaps revealed that the Perp DEX Trove quietly refunded KOLs who joined its presale—while all other presale investors suffered steep losses. Monitoring wallets tied to TROVE token deployment showed that one day after the token’s collapse, $100,000 in USDC and $350,000 in USDT were transferred to a newly funded wallet. Concrete on-chain evidence and leaked chat logs now confirm the project team engaged in discriminatory treatment of investors. After raising $11.5 million via an ICO in January, Trove claimed it would set aside $9,397,403 to keep building its Solana-based Perp DEX. The move sparked fierce community backlash: the token price plummeted over 95%, ICO participants took heavy losses, and many accused the team of a rug pull.