Crypto Macro News and Global Policy Updates

Robinhood's stock price plummeted after releasing earnings, due to a 38% year-over-year decline in cryptocurrency revenue. Although the market reaction was weak, Bernstein believes this is just a temporary panic, with a target price of $160. Overall revenue increased by 27% year-over-year, but cryptocurrency trading volume decreased by 52%. Analysts pointed out that Robinhood's core operational metrics remain solid, with a focus on diversifying revenue streams. Future plans include focusing on household finance and asset tokenization, as well as launching a public testnet for Ethereum.

The crypto market faces extreme panic this week, with the Fear Index dropping to 9. The total market capitalization is $2.29 trillion, with major cryptocurrencies BTC and ETH remaining weak and consolidating. ETF funds continue to flow out, and the derivatives market is de-leveraging. Despite industry compliance and technological advancements, short-term market sentiment remains subdued. Investors should watch for support levels stabilizing and signs of capital inflow.

Key Insights Ripple and Zand link RLUSD and AEDZ to support regulated stablecoin payments and custody in the UAE. The partnership focuses on XRPL-based issuance, liquidity, and compliance-led banking integration. The move supports the UAE digital economy strategy and institutional blockchain

A new report found that American pension schemes have increased their allocations to Bitcoin, Ethereum and stablecoins, but have avoided other altcoins. Market volatility has made some question these allocations, with 11 pension funds recently losing over $250 million after Strategy’s

The Hong Kong Monetary Authority released the 2025 Work Review and the 2026 Work Priorities, emphasizing consumer protection in digital assets and a prudent regulatory framework, which will take effect in 2026. At the same time, it promotes the FinTech 2030 Plan, focusing on data, artificial intelligence, and tokenization development.

Switzerland's train stations now offer Bitcoin purchases via ticket machines, enhancing accessibility and normalizing cryptocurrency use despite higher fees. This integration reflects the country's crypto-friendly policies and could inspire similar initiatives globally.

Malaysia's central bank has initiated three sandbox programs to test ringgit-pegged stablecoins for institutional payments. Collaborating with major banks, these pilots aim to enhance transaction efficiency while ensuring strict risk management. Successful trials could increase stablecoin adoption in Southeast Asia.

_Citigroup tokenized a bill of exchange on Solana, completing issuance to settlement fully onchain._ _Citi used its CIDAP platform for the trade finance deal and plans crypto custody in 2026._ _Citi, with $2.6T in assets and operations in 160+ countries, tested real trade finance on Sola

The Digital Asset Innovation Center of Bank Negara Malaysia launched three major projects this year to test the applications of the "Ringgit stablecoin" and "tokenized deposits." Participating institutions include Standard Chartered Bank, Maybank, and United Overseas Bank Group. The tests will be conducted in a controlled environment to assess their impact on financial stability, with plans to provide clear guidelines by the end of 2026.

Solana CEO Joseph Chee stated at the Hong Kong conference that the next hundred million users of blockchain will come from Asia, as the region has a large population and is open to new technologies, with a significantly faster adoption rate of new things compared to other regions.

The crypto market faces a downtrend, with a 0.36% drop in total capitalization to $2.3T, despite a 15.76% increase in trading volume. Bitcoin and Ethereum also experience slight declines. Conversely, notable gains come from $TRUMP, $DOGS, and $ELEVATE. DeFi TVL decreases by 0.90%, and NFT sales drop significantly. Key developments include the U.S. ending tariffs with Canada and Thailand recognizing crypto in derivatives.

Recently, China has once again tightened cryptocurrency regulations, banning the issuance of RMB-pegged stablecoins by overseas entities and cracking down on the development of Hong Kong as a digital asset hub. The market response has been tepid, with funds accelerating their withdrawal, and the crypto industry returning to a pragmatic development approach. The contradiction between capital controls and crypto innovation is becoming increasingly apparent.

The three major U.S. stock indices before the market opened all rose, with the Nasdaq up 0.25%, the Dow up 0.32%, and the S&P 500 up 0.23%. Among the seven major tech stocks, Apple slightly declined, while most others rose.

In the UK, the Treasury has engaged the blockchain solution of HSBC, called Orion, for the testing of the issuance of tokenized sovereign bonds. It also hopes to improve debt market infrastructure, speed up and settlement times. The UK Treasury chose HSBC Holdings’ blockchain-based system to

The Ethereum spot ETF market ended two consecutive days of capital inflows, with a net outflow of $129.18 million on February 11, bringing the total net inflow to $11.75 billion. Among the main products, five ETFs including Fidelity FETH experienced net outflows, with a total transaction volume of $1.14 billion and net assets of $11.27 billion.

February 12 News, in 2026, after experiencing a week of continuous pullback, XRP prices show signs of stabilization and rebound. Over the past 24 hours, XRP has risen approximately 1.7%, trading at $1.38, still about 20% below the four-week high of $2. Meanwhile, the total market capitalization of cryptocurrencies is around $2.29 trillion, with Bitcoin hovering near $67,000. Solana, Ethereum, Dogecoin, and Cardano also experienced mild rebounds, indicating a recovery in market risk appetite. The key event driving the market sentiment is Ripple's "XRP Community Day" held from February 11 to 12. This event brought together XRP holders, developers, and institutional representatives. Executives such as Brad Garlinghouse, Monica Long, David Schwartz, and Stuart Alderoty participated in online discussions, focusing on the progress of XRP Ledger applications, cross-chain liquidity solutions, and the 2026 roadmap. Ripple also showcased new directions including regulated products, ETFs, and wrapped XRP, strengthening its position in global financial integration.

BlockBeats News, February 12 — Nicholas Peach, Head of iShares Asia-Pacific at BlackRock, stated at the Hong Kong Consensus Conference that if only 1% of traditional investment portfolios in Asia are allocated to cryptocurrencies, it could theoretically bring in nearly $2 trillion in new capital inflows. As the acceptance of crypto ETFs increases among Asian institutions, some allocation models have already recommended small proportions of crypto investments. Based on Asia's household wealth of approximately $108 trillion, even a conservative allocation would have a profound impact.

February 12 News, in 2026, Cathie Wood's Ark Invest has once again taken action by continuously increasing its holdings of crypto-related assets through multiple ETFs. According to the latest disclosures, the firm bought a total of 364,044 shares of Bullish stock on Wednesday, worth approximately $11.6 million based on the closing price of the day. This marks Ark Invest's tenth consecutive trading day of increasing its stake in this cryptocurrency platform supported by Peter Thiel, indicating a long-term optimism for digital asset infrastructure. Bullish stock previously rebounded after hitting a low of $24.90 on February 9, and has gained a total of 28.3% over the past five trading days. On Wednesday, the stock closed at $31.88, down slightly by 0.5% intraday, but the overall trend has clearly stabilized. Ark's continued accumulation is seen as a vote of confidence in its business model and industry prospects.

Ark Invest has increased its holdings in Bullish and Circle stocks again, indicating confidence in crypto assets. Bullish stock prices continue to rise, with Ark purchasing 364,044 shares through ETFs, worth approximately $11.6 million, while also increasing its stake in Circle by 75,559 shares, valued at about $4.4 million. The overall market performance remains flat, with U.S. stocks slightly down and cryptocurrencies experiencing a modest increase.

ChainCatcher News, according to Jinshi reports, German Commercial Bank analyst Michael Pfister stated in a report that the better-than-expected U.S. non-farm employment data prompted the market to lower expectations of Fed rate cuts, and the dollar remains high. However, U.S. President Trump called for further rate cuts, which to some extent restrained the dollar from rising further. He pointed out that Trump's stance contradicts traditional economic theory and may imply that the Fed's future rate cuts will exceed current market expectations.