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US Stock Market Plunge Triggers Liquidity Crunch, Cryptocurrency Market Experiences Coordinated Flash Crash with Precious Metals, Bitcoin Briefly Approaches $65,000

2 hours ago

Feb 13: Crypto & Market Update ### Crypto - Bitcoin dipped this morning to $65,118, now rebounded to $66,245; Ethereum briefly fell below $1,900, now at $1,948; SOL dropped under $80, BNB touched $600. - Total crypto market cap: $2.347T, 24-hour drop of 0.6%. - Top altcoin losers: CHESS (-51.45%, $0.0035); DF (-44.3%, $0.00175); BERA (-19.9%, $0.73); FLOW (-19.6%, $0.039); DYM (-9.3%, $0.0048) ### US Stocks - Dow (-1.34%), S&P 500 (-1.57%), Nasdaq (-2.03%); Apple plummeted 5%, Nvidia slipped 1.64%. - Coinbase (COIN) released Q4 2025 earnings: $667M net loss, but full-year performance remained strong. - Crypto-related stocks mostly down: MicroStrategy (MSTR) (-2.44%); Circle (CRCL) (-2.07%); BitMine Immersion (BMNR) (+1.39%, outperforming); SharpLink Gaming (SBET) (-1.21%); Coinbase (COIN) (-7.9%) ### Precious Metals (Bitget Data) - Spot gold tumbled $200 intraday to $4,878.376/oz; spot silver dropped below $75/oz (steeper decline).
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Ark Invest Increased Holdings in Robinhood, BitMine, and Bullish Yesterday

On February 13, the Ark Invest Tracker showed Cathie Wood’s Ark Invest added to its positions yesterday (Feb 12) across three stocks: - 174,677 shares of Robinhood (~$12.42 million) - 212,314 shares of BitMine (~$4.19 million) - 74,323 shares of Bullish (~$2.36 million) This version uses concise, headline-friendly phrasing typical of U.S. financial quick updates—with clear dates, bullet points for readability, and "~" (a common shorthand for "approximately") to align with casual professional communication.

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"Whale Adds to Long Position, Now Holds a Total of 105,000 ETH in Longs"

**February 13th** — On-chain analyst Ai Auntie (@ai_9684xtpa) notes that as ETH dipped below $2000 once more, the whale holding a cumulative 105,000 ETH long position added another 3,000 ETH to its position, with an average entry price of $1919. Across two addresses, the whale holds 105,000 ETH valued at $204 million, posting an overall unrealized loss of $10.229 million. Breakdown of the addresses: - 0xa5B…01D41: 60,000 ETH ($116 million), entry price $2048.9, unrealized loss $6.36 million - 0x6C8…D84F6: 45,000 ETH ($87.34 million), entry price $2029.38, unrealized loss $3.869 million

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JPMorgan Reaffirms Bitcoin's Long-Term Target Price of $266,000

On February 13, a JPMorgan Chase analyst noted Bitcoin’s long-term price target stands at $266,000, based on volatility-adjusted comparisons to gold. A U.S. winter storm and high-cost miners exiting the market were the key drivers behind Bitcoin’s hash rate drop, though rebound signs have emerged. Despite short-term volatility, the JPMorgan team remains bullish on the crypto market through 2026, with institutional investors expected to fuel growth.

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OpenAI Releases GPT-5.3-Codex-Spark Research Preview

February 13 – OpenAI today launched the GPT-5.3-Codex-Spark research preview, a streamlined iteration of GPT-5.3-Codex and the company’s first model built explicitly for real-time coding. It supports targeted editing, logic reshaping, and interface optimization—with immediate feedback for users. Optimized for ultra-low-latency hardware, Codex-Spark delivers nearly instant responses: over 1,000 tokens per second, while handling real-world coding tasks effectively.

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Coinbase will focus its investments in three key areas in 2026: Building a Comprehensive Trading Platform, Expanding Stablecoins and Payments, and Onboarding the World onto the Blockchain

On February 13, Coinbase outlined three core investment priorities through 2026 in a shareholder letter: **Build the Crypto Economy**: Empower the crypto community to advance economic freedom. This includes launching an NFT marketplace, enabling peer-to-peer transactions, and expanding the decentralized finance (DeFi) ecosystem. **Enhance Blockchain Scalability**: Improve blockchain scalability by researching and deploying layer 2 solutions—such as sidechains and off-chain computations. This will boost transaction throughput and reduce network congestion. **Regulatory Compliance**: Collaborate with regulators to adhere to evolving cryptocurrency and blockchain rules. This includes rolling out robust KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures across all products and services.

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Solana Foundation Asia Pacific Lead: Asia Pacific Market Is Extremely Important, Solana Will Cover Global Market

February 13 – Yu Lin, Solana Foundation’s APAC Head, said at Consensus Hong Kong that the Asia-Pacific market is extremely important. “We believe our technology, ecosystem and partners will leverage blockchain to bring these products to the global market in a compliant and secure manner,” Lin noted. ### Key adjustments for American English norms: 1. **Date format**: Used "February 13" (common in U.S. news for brevity, omitting the ordinal "th"). 2. **Conciseness**: Replaced redundant "Solana Foundation’s" with "our" in the quote (context makes the reference clear). 3. **Flow**: Added a closing verb ("noted") to make the quote attribution natural (standard in U.S. media). 4. **Brevity**: Removed unnecessary articles ("the" before Consensus Hong Kong, as conference names typically omit definite articles in U.S. style). 5. **Clarity**: Used an em dash for the parenthetical title (cleaner than commas in U.S. journalistic writing).

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