Huoxun Finance reported on February 12th that Binance confirmed on its X platform that it has successfully completed the purchase of the final batch of 4,545 Bitcoins, thus completing SAFU's $1 billion Bitcoin conversion plan. The conversion was completed as promised within 30 days of the initial announcement. SAFU now holds 15,000 Bitcoins, valued at $1.005 billion. The SAFU fund is now fully allocated to Bitcoin, further solidifying its belief in Bitcoin as its preferred long-term reserve asset.

Huoxun Finance reported on February 12th that, according to CoinDesk, Binance co-CEO Richard Teng stated at the Consensus Hong Kong conference that the cryptocurrency market liquidation on October 11th last year was not caused by Binance. However, following China's implementation of rare earth metal controls and the US announcement of a new round of tariffs, all exchanges—whether centralized or decentralized—experienced large-scale liquidations. Approximately 75% of the liquidations occurred around 9 PM Eastern Time, along with two unrelated, isolated events: a stablecoin de-pegging and "some delays in asset transfers." The US stock market lost $1.5 trillion in market capitalization that day, with $150 billion in liquidations occurring in the US stock market alone. The cryptocurrency market was much smaller, around $19 billion, and the liquidations occurred across all exchanges. He also responded that Binance provided support to some affected users that day, while other exchanges did not take similar action. Teng cited data showing that Binance's trading volume reached $34 trillion last year, serving 300 million users, and the platform did not experience large-scale withdrawals. At the macro level, Teng believes that interest rate policy uncertainty and geopolitical tensions continue to affect crypto asset prices, but institutions and companies are still entering the market. "Retail demand has weakened compared to last year, but institutional deployment remains strong, and smart money is entering the market." He emphasizes that attention should be paid to the structural evolution and fundamental development of the industry over the past four to six years.

Odaily Planet Daily reports that Markus Thielen, CEO of 10X Research, stated at the Consensus Hong Kong conference: “Following the November 2024 election, Bitcoin surged from $70,000 to $90,000 in just 10 to 12 days. During this period, trading activity was extremely sparse, creating a huge gap, a liquidity vacuum. So when Bitcoin fell back to $87,000, it fell into this liquidity trap. What followed was a surge of negative option gamma at $75,000. This meant market makers had to hedge, constantly selling futures. As the final wave of negative gamma impact was absorbed at $60,000, the market situation may reverse.”

According to Odaily Planet Daily, South Korean cryptocurrency exchanges Upbit and Bithumb have both announced that they will terminate trading support for the FLOW token on March 16, 2026.

Huoxun Finance reported on February 12th that, according to The Block, Cathie Wood's ArkInvest increased its holdings of Bullish, the cryptocurrency exchange backed by Peter Thiel, for the tenth consecutive trading day. On Wednesday, it purchased 364,044 shares through three ETFs, worth approximately $11.6 million. Bullish's stock price closed at a low of $24.90 on February 9th, and has since rebounded 28.3% over the next five trading days, closing at $31.88 on Wednesday. Ark also purchased 75,559 shares of Circle stock on the same day, worth approximately $4.4 million. Circle, the issuer of USDC, saw its stock price fall 3.2% to $57.86 on Wednesday, bringing its cumulative decline over the past month to 30%.