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According to the official announcement, Gate will officially launch the Flash Exchange Spring Reward Program from February 12, 16:00 to February 26, 16:00 (UTC+8). During the event, users can initiate flash exchange transactions with a minimum of just $1, enjoying a zero-fee rapid exchange experience, with a total prize pool of 50,000 USDT. This event features three major benefits:1: New User Flash Exchange Gift. Users who have never used the flash exchange feature since registration can receive a reward of 20 USDT by completing their first flash exchange transaction of ≥ 30 USDT during the event period, with a total prize pool of 10,000 USDT.2: Daily Flash Exchange Check-in. During the event, users who complete a flash exchange transaction of ≥ 100 USDT each day will be considered as having successfully checked in. After the event ends, users will share 20,000 USDT proportionally based on the total number of successful check-in days, with rewards available for those who check in for 3 consecutive days or more.3: Universal Trading Benefits. All users participating in flash exchange transactions can share 20,000 USDT based on their transaction volume proportion, with a maximum of 1,000 USDT per person.It is reported that Gate Flash Exchange currently supports over 2,200 types of cryptocurrency assets, offering zero fees, rapid transactions, and intelligent exchange rate matching services, helping users easily complete multi-currency one-click exchanges.

According to SoSoValue data, the cryptocurrency market sector shows mixed results, with the AI sector performing outstandingly, rising 2.8% in 24 hours. Among them, Virtuals Protocol (VIRTUAL) and Bittensor (TAO) increased by 4.11% and 4.44%, respectively, while Kite (KITE) surged by 18.14%.In addition, Bitcoin (BTC) fell by 1.66%, dropping below $67,000; Ethereum (ETH) decreased by 1.03%, fluctuating around $1,900.In other sectors, the Layer2 sector rose by 1.51% in 24 hours, with Polygon (POL) increasing by 7.22%; the Meme sector rose by 1.2%, with Pump.fun (PUMP) up by 2.4%; the DeFi sector increased by 0.87%, with River (RIVER) rising by 29.94%; the CeFi sector rose by 0.25%, with Aster (ASTER) up by 3.1%; the Layer1 sector increased by 0.11%, with Hedera (HBAR) rising by 2.58%; the PayFi sector fell by 1.52%, with Trust Wallet (TWT) rising against the trend by 9.23%.The cryptocurrency sector indices reflecting historical market trends show that the ssiRWA, ssiSocialFi, and ssiDePIN indices rose by 4.46%, 3.54%, and 2.47%, respectively.

As ETH once again falls below $2000, a whale has increased its position by 3000 ETH long contracts, with an average purchase price of $1919. It holds a total of 105,000 ETH across two addresses, with a total value of $204 million, resulting in an unrealized loss of $10.229 million.Address 0xa5B...01D41: Holds 60,000 ETH ($116 million), opening price $2048.9, unrealized loss $6.36 million;Address 0x6C8...D84F6: Holds 45,000 ETH ($87.34 million), opening price $2029.38, unrealized loss $3.869 million.

JPMorgan analysts stated that based on a comparison adjusted for volatility with gold, the long-term target price for Bitcoin is $266,000. The main reasons for the decline in hash rate are the severe winter storms in the U.S. and high-cost miners exiting the market, but signs of a hash rate rebound have been observed.Despite short-term fluctuations, the JPMorgan team remains optimistic about the crypto market in 2026, expecting institutional investors to dominate market growth.

According to The Block, JPMorgan analysts have stated that their estimated production cost of Bitcoin—historically viewed as a "soft price support"—has decreased from $90,000 at the beginning of the year to $77,000, primarily due to a recent decline in network hash rate and mining difficulty.Analysts pointed out that the recent drop in Bitcoin's network hash rate has triggered the largest adjustment in mining difficulty since the Chinese mining ban in 2021, with a cumulative decline of about 15% so far this year. The decrease in difficulty provides breathing room for miners still in operation, as efficient miners are capturing market share lost by high-cost miners who have been forced to shut down. Analysts have observed a rebound in hash rate and expect that production costs may rebound during the next difficulty adjustment.The report attributes the decline in difficulty to two factors: first, the drop in Bitcoin prices has rendered high-cost miners unprofitable; second, winter storms in the U.S. have temporarily halted operations at large mining facilities in places like Texas. Some high-cost miners have maintained operations or transitioned to AI by selling off Bitcoin, exacerbating the price pressure since the beginning of the year. Analysts believe that the exit of high-cost miners has stabilized, and they maintain a "positive" outlook for the overall cryptocurrency market in 2026.

According to on-chain analyst Onchain Lens, a certain whale deposited 60,000 SOL (worth approximately $4.42 million) into Binance, realizing a massive loss of $7.38 million.This whale had previously withdrawn 111,945 SOL (then worth about $17.16 million) for staking, and then exchanged these tokens back for only $9.78 million.

According to Arkham data, at 05:23, 30,000 SOL (worth approximately $2.31 million) was transferred from an anonymous address (starting with HXXQkD...) to Binance.

According to Arkham data, at 04:33, 30,000 SOL (worth approximately $2.3169 million) was transferred from an anonymous address (starting with HXXQkD...) to Binance.

According to Arkham data, at 03:44, 30,037.82 SOL (worth approximately $2.3472 million) was transferred from Fireblocks Custody to Binance.

According to Coinglass data, if ETH breaks through $2,000, the cumulative short liquidation intensity on mainstream CEX will reach $730 million. Conversely, if ETH falls below $1,824, the cumulative long liquidation intensity on mainstream CEX will reach $377 million.

According to Jinshi, the Russell 2000 index fell by 2.2%.

According to Gate market data, BTC/USDT is currently priced at $65996.8, with a 24-hour decline of 0.96%.

According to Gate market data, BTC/USDT is currently priced at $66978.1, with a 24-hour increase of 0.79%.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0004%. Among the major exchanges, the funding rate on Binance is -0.004%, OKX is 0.0011%, Bybit is 0.0036%, and Gate is -0.0017%.

According to the official announcement, Gate Perp DEX will launch the "New Year Opening Position to Win Red Packets" themed event from February 12 to February 26, with a total prize pool of 20,000 USDT. This event revolves around the real trading scenarios of on-chain perpetual contracts and encourages users to continuously participate in on-chain trading during the Spring Festival through three mechanisms: new user opening position rewards, cumulative trading rebates, and lucky red packet draws.During the event, new users who complete their first perpetual contract trade and reach a cumulative trading volume of 1,000 USDT or more will receive an opening position red packet reward. At the same time, all users can receive corresponding USDT rebate rewards based on their cumulative trading volume reaching different tiers during the event period. In addition, users who meet specified trading volume or continuous trading conditions can also participate in the Spring Festival lucky red packet draw to win additional rewards.

Standard Chartered Bank has lowered its target price for Ethereum by the end of 2026 from $7,500 to $4,000, expecting the price of Ethereum to drop to around $1,400 before rebounding later this year.

According to Bloomberg, Standard Chartered Bank has lowered its Bitcoin price forecast for the second consecutive time, reducing the target price from $150,000 to $100,000, a decrease of 33%. In a report released on Thursday, the bank warned that the price of Bitcoin could drop to $50,000 before rebounding.It is worth noting that this is the second time Standard Chartered Bank has lowered its Bitcoin forecast within three months. Last December, the bank had already reduced its original target price from $300,000 to $150,000.

According to Jinshi, the number of initial jobless claims in the U.S. for the week ending February 7 was 227,000, expected to be 222,000, and the previous value was revised from 231,000 to 232,000.

According to Web3 Antivirus monitoring, a poisoning incident involving a new address resulted in a loss of $354,000 USDT.The victim (0xa0c7...0e73) copied a similar address from the transaction records and sent funds to the scam copy.