I. Crypto Market Overview

Key Takeaways

1.

Macro Environment

US January CPI rose 2.4% YoY, below expectations, fueling hopes for earlier Fed rate cuts and boosting Bitcoin above $70,000 as risk appetite returns. Brazil's proposal for a 1 million BTC sovereign reserve has lifted sentiment, signaling potential for accelerated global Bitcoin adoption. Ongoing US crypto policy deadlock and $3B in fund outflows keep institutional capital sidelined, increasing market uncertainty.
2.

Crypto Market

Over the past 12 hours, the crypto market showed a mixed trend. Bitcoin (BTC) trades at $69,012, down 0.71%, while Ethereum (ETH) is at $2,001.66, down 3.34%, both pressured by ETF outflows and weak spot demand. Altcoins diverged: PEPE (PEPE) surged 16.17%, PI Network (PI) rose 12.56%, and KITE (KITE) gained 11.39%, driven by memecoin sector interest, technical breakouts, and new listings. Arbitrum (ARB) fell 3.28% ahead of a major token unlock, highlighting sector rotation and event-driven volatility.
3.

Today's Outlook

Key events today include Japan's preliminary Q4 GDP release, which may influence global risk sentiment, and a major ARB token unlock for the DAO Treasury, potentially increasing sell pressure and volatility in the Arbitrum ecosystem.
Fear and Greed Index
30.00% Annual Percentile
11 Fear
Total Crypto Market Cap
$2.36T
0.69%
Total Market Trading Volume
$99.90B
3.71%
Altcoin Season Index
75.00%
Quarterly Percentile
33 / 100
Total Futures Market Open Interest
3.66B
0.30%
Futures
373.81B
1.87%
Perpetuals

II. Industry Updates

Macro-economic Policies

1.

US January CPI rose 2.4% YoY, below expectations, fueling hopes for earlier Fed rate cuts and boosting Bitcoin above $70,000 as risk appetite returns.

2.

Brazil's proposal to establish a 1 million BTC sovereign reserve has lifted market sentiment, signaling potential for accelerated global Bitcoin adoption and increased institutional demand.

3.

Russia's central bank announced a 2026 study on a national stablecoin amid tightening sanctions, highlighting the growing role of digital assets in cross-border payments and potential shifts in crypto liquidity flows.

4.

The Reserve Bank of India kept its repo rate unchanged at 5.25%, citing strong growth and low inflation, supporting stable capital flows and risk sentiment in emerging market crypto sectors.

5.

US crypto policy deadlock continues to weigh on Bitcoin price, with institutional capital sidelined and net outflows from US crypto funds exceeding $3 billion since early 2026.

Cryptocurrency Regulatory Trends

1.

The U.S. Senate Banking Committee remains deadlocked on the CLARITY Act, stalling stablecoin yield rules and broader crypto oversight, causing institutional capital to stay sidelined and increasing market uncertainty.

2.

The SEC is advancing 'Project Crypto,' a new token classification framework aiming to clarify digital asset definitions and reduce regulatory overlap, which could provide clearer compliance paths for crypto firms.

3.

The EU's MiCA and DAC8 regulations are entering full enforcement, requiring all crypto service providers to secure authorization by July 1, 2026, and to comply with strict tax reporting from January 2026, raising compliance costs and transparency.

4.

Malaysia has launched a stablecoin and tokenized deposit pilot, while Thailand now allows digital assets as collateral for derivatives, signaling growing regulatory acceptance and integration of crypto in Asian financial markets.

5.

Russia has officially recognized cryptocurrencies as property for legal and tax purposes, and Japan is integrating stablecoin-based securities settlement, both moves enhancing regulatory clarity and institutional adoption in their regions.

Trending Tokens

1.

PEPE (PEPE): Surged 16.2% in 24h to $0.0000046, with $1.28B volume. Driven by renewed memecoin sector interest and high on-chain activity, PEPE leads Top Gainers.

2.

PI Network (PI): Jumped 12.5% in 24h to $0.1811, fueled by a 35% daily rally and technical breakout, as well as increased network activity and positive sentiment.

3.

KITE (KITE): Rose 11.4% in 24h to $0.2231, market cap surpassed $404M. Recent surge linked to top-100 entry, Binance listing, and strong AI payments narrative.

Smart Money Movements

1.

A whale purchased 7,301 ETH worth $15.14 million from OKX within the last 8 hours, adding to previous holdings of 60,784 ETH ($126 million).

2.

Circle increased its holdings by $2.6 billion in the past week, reflecting rising demand for USDC stablecoin amid volatile market conditions.

3.

Two new wallets withdrew 402 BTC, valued at approximately $28.3 million, from Binance, signaling significant on-chain fund movement.

4.

A whale known as '0x6C8' turned a $3.5 million loss into a $2.48 million profit on a $93.79 million ETH long position, maintaining 20x leverage.

5.

A major Ethereum holder realized $1.26 million profit by selling 28,000 ETH and still holds 77,000 ETH long positions valued at about $160 million.

Events to Watch

Feb 16 (Mon)

Japan will release its preliminary Q4 2025 GDP data; ARB tokens will be unlocked for the DAO Treasury, potentially increasing sell pressure.

Feb 18 (Wed)

US January 2026 industrial production data will be released, providing key insight into the country's economic momentum.

Feb 19 (Thu)

US will publish weekly jobless claims and December 2025 trade balance data, both closely watched by global markets.

Feb 20 (Fri)

US preliminary Q4 2025 GDP data will be released, a major indicator for global economic and crypto market sentiment.

III. Phemex Market Focus

New Listings

1.

Feb 13: (ESP/USDT)

Espresso (ESP) spot trading pair will go live at 10:00 UTC on February 23, 2026.
2.

Feb 12: (AZTEC/USDT)

Aztec (AZTEC) spot trading pair went live at 07:10 UTC on February 12, 2026.
3.

Feb 11: (NVDAON/USDT)

NVIDIA Ondo Tokenized (NVDAON) spot trading pair went live at 12:00 UTC on February 11, 2026.
4.

Feb 11: (TSLAON/USDT)

Tesla Ondo Tokenized (TSLAON) spot trading pair went live at 12:00 UTC on February 11, 2026.
5.

Feb 11: (CRCLON/USDT)

Circle Internet Group Ondo Tokenized (CRCLON) spot trading pair went live at 12:00 UTC on February 11, 2026.

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