Morning News | Coinbase launches Agentic Wallets; WLFI plans to launch foreign exchange platform World Swap; PayPay submits IPO application in the U.S
Overview of Important Market Events on February 12整理：ChainCatcher
Important News:
- Coinbase launches Agentic Wallets, supporting AI Agents to independently hold assets and conduct on-chain transactions
- Strategy perpetual preferred stock STRC returns to $100 par value for the first time since mid-January
- Musk: xAI recently underwent restructuring to improve execution efficiency
- Trump family's crypto project WLFI plans to launch forex platform World Swap
- Japan's digital finance platform PayPay submits IPO application in the U.S.
- Hong Kong Monetary Authority includes tokenization in its 2026 work priorities, supporting sustainable and responsible development of digital assets
- Binance confirms SAFU fund has completed the purchase of the last batch of 4,545 BTC, with a total BTC holding of 15,000
What important events happened in the past 24 hours?
Strategy CEO: Will shift to preferred stock financing to purchase BTC
According to ChainCatcher, Strategy CEO Phong Le stated in a Bloomberg live broadcast that Strategy will begin to shift from equity financing to preferred stock financing to raise funds for purchasing BTC.
Japan's digital finance platform PayPay submits IPO application in the U.S.
ChainCatcher reports that Japan's digital finance platform PayPay has submitted an IPO application in the U.S.
It was previously reported that SoftBank's PayPay would acquire a 40% stake in Binance Japan.
ChainCatcher reports that the Hong Kong Monetary Authority has released its 2025 work review and 2026 work priorities, noting that in 2025, it will provide consumer protection in the digital asset space and consult the industry on a proposed framework for handling customer authorization payment fraud loss claims, which will officially take effect on January 1, 2026, with a prudent regulatory framework for crypto assets.
The HKMA's 2026 work priorities will support the sustainable and responsible development of the digital asset industry and promote "FinTech 2030," including: data and payments (comprehensive risk data strategy), artificial intelligence (generative AI sandbox++, financial industry-specific models), and tokenization (regulatory incubator for distributed ledger technology), among others.
U.S. Treasury Secretary Yellen agrees Senate committee can investigate Fed Chair Powell
ChainCatcher reports that U.S. Treasury Secretary Yellen agreed during a closed-door meeting with Senate Republicans on Wednesday to a proposal from some members to have the Senate Banking Committee, rather than the Justice Department, investigate Fed Chair Powell. A knowledgeable senator stated that this move aims to "test" whether it could persuade North Carolina Republican Senator Thom Tillis to lift his hold on the Fed nominee.
"They want to dangle this condition in front of Thom and see if he accepts," the senator said. "Thom was expressionless at the time." Another source indicated that this could be a viable compromise.
A Republican congressman stated, "What the president wants is an investigation," and having the Banking Committee "satisfy this investigative desire" is a choice. However, the aforementioned senator expressed skepticism: "If Thom accepts, I would be very surprised."
ChainCatcher reports that Jack Mallers, founder of the Bitcoin payment app Strike, responded on the X platform regarding the adjustment of the margin call policy, stating that the Strike loan mechanism will not fully liquidate Bitcoin collateral. When loans fall below the maintenance margin level, the platform will only conduct partial liquidation to restore the loan to approximately 65% of a healthy loan-to-value (LTV) ratio.
Jack Mallers added that this mechanism aims to protect users' Bitcoin assets as much as possible while maintaining loan health and buying more time for clients and Bitcoin prices to recover. Based on this mechanism, the overall liquidation ratio of Strike's loan book remains in the low single digits of the total outstanding loans, approximately 1% to 3%.
ChainCatcher reports that Binance confirmed on the X platform that it has successfully completed the purchase of the last batch of 4,545 Bitcoins, thus completing the SAFU's $1 billion Bitcoin conversion plan.
This conversion was completed as promised within 30 days of the initial announcement. SAFU currently holds 15,000 Bitcoins, valued at $1.005 billion. The SAFU fund is now fully allocated in Bitcoin, further solidifying its belief in Bitcoin as the preferred long-term reserve asset.
Trump family's crypto project WLFI plans to launch forex platform World Swap
ChainCatcher reports that Zak Folkman, co-founder of the Trump family-affiliated crypto project World Liberty Financial, stated plans to launch a forex platform called World Swap as part of its USD1 stablecoin ecosystem.
Folkman stated that World Swap aims to simplify cross-border transfer processes, challenging traditional remittance service providers with high fees of 2% to 10% per transaction, allowing users to send and receive digital dollars in a manner similar to mainstream payment applications. Folkman mentioned that more details will be announced later this month at an event held at Mar-a-Lago.
Polkadot data: Current bots generate 51% of total network traffic, surpassing human activity for the first time
ChainCatcher reports that Polkadot data shows that bots currently generate 51% of total network traffic, officially surpassing human activity for the first time.
Alameda Research bankruptcy administrators have distributed $15 million worth of SOL to creditors
ChainCatcher reports that according to Arkham monitoring, the bankruptcy administrators of Alameda Research distributed over $15 million worth of SOL to creditors in the latest round of monthly distributions.
A total of $15.6 million in SOL was transferred to 25 independent addresses as part of a continuous distribution plan that has been ongoing for 21 months. Alameda's on-chain wallet currently holds $314.95 million worth of SOL.
JPMorgan optimistic about the crypto market in 2026, expects institutional funds to drive recovery
ChainCatcher reports that according to CoinDesk, JPMorgan analysts are optimistic about the cryptocurrency market in their latest report, despite the market experiencing significant corrections. Analysts believe that inflows from institutional investors and regulatory clarity will support the next round of growth in the digital asset market.
The report notes that the production cost of Bitcoin has dropped to about $77,000, although the current trading price is around $66,300, below this level. However, the bank believes this dynamic will eventually self-correct.
At the same time, Bitcoin's relative attractiveness compared to gold has increased, as gold has recently outperformed Bitcoin, but its volatility has significantly increased. JPMorgan expects further U.S. crypto legislation (such as the "Clarity Act") to provide the necessary clarity for institutional participation, thereby driving market recovery.
ChainCatcher reports that Ondo Finance has announced a partnership with Chainlink to accelerate the application of tokenized U.S. stocks in the DeFi space by adopting Chainlink as the official data oracle.
According to the announcement, Chainlink provides institutional-grade pricing tailored for Ondo's on-chain tokenized stocks, allowing DeFi protocols to price Ondo Global Markets assets with top-tier accuracy, manage positions securely, and provide stronger protection for users during market volatility.
Currently, initial lending of Ondo's tokenized assets, including SPYon, QQQon, and TSLAon, supported by Chainlink, has gone live on Euler, allowing users to borrow stablecoins using tokenized stocks and ETFs as collateral. In the future, tokenized stocks and ETFs will expand to more markets, vaults, and structured products, enabling more efficient capital deployment and portfolio construction.
ChainCatcher reports that according to CoinDesk, Strategy's perpetual preferred stock STRC reached a par value of $100 during U.S. trading hours on Wednesday for the first time since mid-January.
This price point is a key threshold for the company to initiate a market price issuance to further increase its Bitcoin holdings. STRC reached $100 on January 16 when Bitcoin was around $97,000. On February 5, when Bitcoin fell to $60,000, STRC dipped to $93, but has recently recovered its par value with the market rebound. This product uses a monthly dividend reset mechanism, with a current annualized dividend yield of 11.25%, aimed at smoothing volatility and incentivizing the trading price to approach par value.
Bitwise CEO reveals that its clients bought $11 million in Bitcoin during the market correction
ChainCatcher reports that Bitwise CEO Hunter Horsley stated, "A wealth management client of Bitwise, who had never allocated crypto assets when they first contacted Bitwise two years ago, has invested $11 million in Bitcoin as the market corrected. For many investors who have yet to enter the crypto market, the market correction presents an opportunity."
Musk: xAI recently underwent restructuring to improve execution efficiency
ChainCatcher reports that Musk tweeted, "xAI recently underwent restructuring to improve execution efficiency. As the company grows, its organizational structure must evolve continuously like any living organism. Unfortunately, this means we had to part ways with some people. We wish them all the best in their future endeavors. We are actively hiring now."
Previously, several members of xAI had posted about leaving their positions, including co-founders Wu Yuhua and Jimmy Ba.
ChainCatcher reports that Coinbase has announced the launch of Agentic Wallets, a wallet infrastructure for AI Agents, aimed at enabling "wallets for any intelligent agent," allowing AI to independently conduct on-chain transactions and payments without human intervention.
This tool is based on the x402 protocol that Coinbase is developing, allowing AI Agents to independently hold funds, send payments, trade tokens, earn yields, and execute on-chain operations, while incorporating built-in security permissions and risk control mechanisms. Coinbase stated that this solution addresses the critical limitations of current AI in handling financial operations, enabling it to truly execute economic actions.
Agentic Wallets are an upgrade of the previous AgentKit tool, adopting a plug-and-play approach that allows developers to quickly configure tradable wallets for AI Agents. For example, under preset permissions, AI can automatically adjust asset allocations or capture yield opportunities. It is reported that this feature will initially support the EVM ecosystem and Solana, enabling gas-free transactions on the Base Layer 2 launched by Coinbase.
Bloomberg: Coinbase ordered to disclose testimony records related to insider trading case
ChainCatcher reports that according to Bloomberg, members of Coinbase Global Inc.'s board failed to successfully block the disclosure of testimony related to an insider trading lawsuit against CEO Brian Armstrong, venture capitalist Marc Andreessen, and other board members.
A judge in Delaware's Chancery Court ordered that the special litigation committee established by the crypto company must disclose the trial records of two testimonies: one from angel investor and committee member Gokul Rajaram; the other from Joseph R. Slights III, head of the legal team responsible for leading the company's internal investigation into shareholder allegations.
The presiding judge, Chancery Court Chief Justice Kathaleen St. J. McCormick, rejected the notion that if witnesses knew their testimony might be made public, they would be less candid when testifying.
YZi Labs recruiting developers in 8 Web3 fields
ChainCatcher reports that according to official news, YZi Labs EASY Residency S3 interviews have fully commenced.
YZi Labs is looking for Web3 developers in the following 8 fields: next-generation oracles, on-chain forex and stablecoins, proprietary AMM (Prop AMM), traditional risk crypto insurance, sovereign privacy infrastructure, everyday DeFi applications, prediction market perpetual contracts, and exotic real-world assets (Exotic RWA). YZi Labs welcomes developers from all ecosystems to apply, aiming to support visionary and execution-driven founders through this program.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of February 13, 09:00,
The top five popular ETH tokens in the past 24 hours are: SHIB, LINK, PEPE, UNI, ONDO
The top five popular Solana tokens in the past 24 hours are: PENGUIN, USELESS, WhiteWhale, TRISIG, Buttcoin
The top five popular Base tokens in the past 24 hours are: PEPE, SKYA, B3, NATO, TOSHI
What are some interesting articles worth reading in the past 24 hours?
SBF seeks to overturn conviction, 35-page motion accuses trial of "darkness"
On February 10, according to Inner City Press, FTX founder Sam Bankman-Fried (SBF), who is serving time in California's Terminal Island prison, is actively seeking to overturn his conviction. A pro se motion for reconsideration submitted on his behalf by his mother, Stanford law professor Barbara H. Fried, has been officially filed in court. This 35-page document cites Federal Criminal Procedure Rule 33 and newly discovered evidence, strongly demanding the overturning of his 2023 fraud conviction and the 25-year sentence handed down in 2024.
The motion argues that key witnesses (such as former Alameda Research co-CEO Ryan Salame and former FTX.US executive Daniel Chapsky) did not testify, leading to serious flaws in the trial; prosecutors allegedly concealed evidence; and the entire process was influenced by political factors, with SBF subtly expressing that he is a victim of a "targeted attack" by the Biden administration.
The evidence and arguments submitted by SBF are not aimed at directly proving his "innocence," but rather adopt a legal strategy that questions the loopholes in the judicial trial process.
Risk warning
