📉 JPMorgan analysts estimate Bitcoin’s production cost has dropped to $77K, down from $90K earlier. They remain positive on crypto in 2026, citing expected institutional inflows and regulations like the Clarity Act, with a long-term Bitcoin target of $266K. Recent difficulty fell 15% due to high-cost miner shutdowns and U.S. winter storms, but hashrate is recovering. link

🙅 $LRC delisted from Upbit spot link

🙅 $LRC delisted from Bithumb spot link

🙅 $LRC delisted from Upbit spot link

💰 Aave Labs has submitted a governance proposal to allocate all Aave-branded product revenue to the DAO treasury. link

🗽 The cryptocurrency committee Fairshake has allocated $1.5 million to counter Texas Representative Elu Green in the upcoming Democratic Party primaries due to his negative stance on cryptocurrency.

📊 According to Arkham, Bhutan has sold another $6.7 million in Bitcoin, continuing weekly sales over the past three weeks. Bhutan had planned to produce up to 600MW of mining power with Bitdeer Technologies, but on-chain data shows mining has slowed since the April 2024 halving. In September, it sold at least $100 million in Bitcoin and appears to be gradually continuing sales. Identified wallets still hold around $372 million in Bitcoin. link

🤔 DraftKings predicts revenue of $6.9 billion for 2026 based on expected investments in DraftKings Predictions, launching projects in promising jurisdictions, and disciplined planning as business conditions evolve. link

📊 On February 12 (ET), Bitcoin spot ETFs experienced a total net outflow of $410 million, with none of the 12 ETFs reporting a net inflow. Ethereum spot ETFs had a total net outflow of $113 million, with all nine ETFs also showing no net inflows. link

🧑‍💻 Elon Musk's X is working on a new option to filter the timeline by country.

🐳 A whale "0x982" deposited $4.8M in $USDC into HyperLiquid and opened a $ETH (20x) short position, which is still increasing.

Six days ago, the whale deposited $2.4M in $USDC and opened a $HYPE (10x) short and a $BTC (20x) long position. link

📊 February 13 Options Expiration Data

38,000 BTC options expired with a Put-Call Ratio of 0.71, maximum pain point at $74,000, and notional value of $2.5 billion.

215,000 ETH options expired with a Put-Call Ratio of 0.82, maximum pain point at $2,100, and notional value of $410 million. link

💰 Trader PuzzleTricker spent 3.23M $USDC to bet that FC Barcelona would win the Copa del Rey on Feb 12.

He won and made $2.12M in profit. link

🚀 Bitcoin Approaching the Undervalued Zone

“Generally, when the MVRV ratio falls below 1, Bitcoin is regarded as undervalued. At present, the indicator stands at around 1.1, suggesting that price levels are nearing the undervaluation range.” link link

🇺🇸⚖️ The U.S. DOJ announced that Praetorian Group International CEO Ramil Ventura Palafox was sentenced to 20 years in prison for orchestrating a $200 million Bitcoin Ponzi scheme that defrauded over 90,000 investors. Authorities reported that victims lost at least $62.7 million, with Palafox misusing funds for luxury cars, real estate, and personal expenses. link

😱🤑 Fear&Greed Index for #BTC and #ETH

👮 Insider Rundeep placed 6 bets on Polymarket regarding Israel's military actions, winning each time for a total profit of $154K. Subsequently, Israeli prosecutors charged a reservist and a civilian for allegedly using secret military information to place bets on Polymarket. Rundeep has not traded for over a month, raising questions about whether he got caught. link

🙅 $OM has been delisted from Bybit futures. link

💰 #AAVE Aave Labs has reached out to token holders to approve a funding package of around $50 million. In exchange, all revenue from products under the Aave brand will be redirected to the Aave DAO treasury. link

🇩🇪🤝 Boerse Stuttgart Digital and Tradias have agreed to merge to create a European cryptocurrency hub. link

🇧🇷🧑‍💻 Brazil reintroduces bill to create a Strategic Bitcoin Reserve, allowing the country to acquire up to 1M $BTC.