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According to the Hong Kong Economic Journal, the newly appointed president of the Hong Kong Institute of Certified Public Accountants, Lo Chok-kin, stated that guidelines are being developed to help the accounting and business sectors understand how to handle virtual assets in accounting. The first part of the guidelines, which involves virtual currencies and stablecoins, has been issued, while the second part, which has not yet been announced, relates to the auditing requirements for stablecoins set by the Hong Kong Monetary Authority. The Institute is currently in discussions with the Hong Kong Monetary Authority on this matter, and it is expected to be released within six months. The third part of the virtual asset accounting guidelines aims to be launched by the end of the year at the earliest, but it will still require communication and consensus with regulatory bodies and the industry before it can be released.

Deribit Chief Commercial Officer Jean-David Péquignot stated at the Consensus HK conference that the long-term upward trend of Bitcoin has currently been disrupted, and it is difficult to repair the technical upward structure before the price reclaims $85,000.Recently, Bitcoin's price has mainly been operating in the range of $60,000 to $70,000, a decline of about 45% from last year's historical high, and it may record a fourth consecutive week of decline. If Bitcoin breaks through $85,000 again, it would mean that buyers have basically absorbed the supply that previously suppressed the market and regained market dominance. At this stage, traders generally view the range of $58,000 to $60,000 as the key ultimate support area for this adjustment cycle.

According to Reuters, the underwriter Clear Street for Strategy announced the postponement of the U.S. IPO originally scheduled for Friday, citing "poor market conditions." Additionally, the company has significantly reduced its Nasdaq IPO fundraising target from an initial goal of $1.05 billion to $364 million. After the reduction, Clear Street's valuation is approximately $7.2 billion, down from the previous target valuation of $11.8 billion.In recent years, Clear Street has become one of the leading underwriters for cryptocurrency-related stock offerings, having provided underwriting services for several crypto treasury companies, including multiple stock offerings for Strategy, and also served as the underwriter for Trump Media & Technology Group.ChainCatcher previously reported that Clear Street, the underwriter behind Strategy, plans to go public as early as January next year.

According to South Korea's Chosun Ilbo, due to the recent incident involving the erroneous distribution of 620,000 bitcoins by Bithumb, Korean banks that have real-name account partnerships with it and other exchanges are taking a cautious approach to contract renewals to mitigate potential reputational risks.The contract between KB Kookmin Bank, which signed a real-name account agreement with Bithumb, is set to expire next month, and it is currently requesting Bithumb to strengthen its internal audits. Additionally, K Bank (partnering with Upbit, with a contract expiring in October) and Kakao Bank (partnering with Coinone, up for renewal in the third quarter) are also closely monitoring the situation and conducting a comprehensive assessment of the renewal matters.Previously, on February 6, Bithumb planned to distribute a total of 620,000 won in rewards to event winners but mistakenly issued 620,000 bitcoins (worth approximately 62 trillion won) due to a unit input error. Although Bithumb canceled the payment of 618,100 bitcoins before the transaction was recorded on the blockchain, 1,788 bitcoins were still actually distributed.

According to the official announcement, Bitget has made several optimizations to its CFD contract products to comprehensively enhance user trading transparency and decision-making efficiency. Users can upgrade the Bitget App to version 2.77.0 to enjoy the updated experience. This upgrade mainly includes:Added asset favorites: Quickly locate preferred assets and view dynamic details in real-timeSupport for commonly used order volumes: Pre-set commonly used order volumes for one-click convenient orderingNew comprehensive position details: Display of positions for the same asset type, providing real-time feedback on position statusAdded one-click close position: Supports closing all positions, enhancing decision-making efficiencyIn addition, new users can also participate in the CFD new customer lottery event. By completing specified registration, trading, and other tasks, they can participate in the scratch-off lottery, with a maximum individual prize of 1,000 USDT. The prize pool is limited and operates on a first-come, first-served basis. The event ends on March 13 at 0:00 (UTC+8).

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $113 million.The Ethereum spot ETF with the highest single-day net outflow yesterday was the Fidelity ETF FETH, with a single-day net outflow of $43.5191 million. Currently, FETH has a historical total net inflow of $2.471 billion. The second was the Blackrock ETF ETHA, with a single-day net outflow of $28.9895 million, and currently, ETHA has a historical total net inflow of $11.986 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $10.969 billion, with an ETF net asset ratio (market value as a percentage of Ethereum's total market value) of 4.74%. The historical cumulative net inflow has reached $11.638 billion.

According to official news, Tether Gold announced the launch of a new unit of measurement, Scudo, which provides a new and intuitive way to measure the value of on-chain gold. 1 Scudo is defined as equivalent to 1/1000 XAUT (gold ounce), offering users a more practical and operable way for small transactions, making it easy to send and receive on-chain gold.Tether stated that this move will enhance the everyday usability of gold digital assets, providing investors and traders with a more flexible operating experience.

According to official news, YOAKE entertainment, the company behind Record Protocol, announced today the completion of a $3.2 million (approximately 500 million yen) financing round, exclusively led by the Sony Innovation Fund (SIF). At the same time, Record is further deepening its partnership with Sony Block Solutions Labs Pte. Ltd. (SBSL), acting as a significant contributor to the ecosystem, accelerating its role as the core intellectual property financial (IPFi) infrastructure of Soneium, and promoting widespread implementation in fields such as music, film and television, gaming, and anime.This strategic cooperation marks an important advancement in the integration of traditional IP with blockchain and cryptocurrency technologies, creating new possibilities for Record to build an open infrastructure for global entertainment fans.

According to the token unlock data from the Crypto asset data platform RootData, Kaito (KAITO) will unlock approximately 58.11 million tokens at 12:00 PM Beijing time on February 20, worth about 18.35 million USD.

According to the token unlock data from the crypto asset data platform RootData, LayerZero (ZRO) will unlock approximately 25.71 million tokens on February 20 at 11:00 AM Beijing time, worth about 50.65 million USD.

Jupiter officially announced that after 6 months of development and testing, Jupiter Lend has officially completed its Beta testing phase. It currently has 83,000 users, has undergone 7 audits, 1 formal verification, and has no bad debts.Jupiter is launching an audit competition with a prize of $107,000 for Jupiter Lend. The official statement from Jupiter describes Jupiter Lend as the most advanced money market on Solana, built on Fluid. Jupiter Lend has covered over 40 vaults and has received rewards worth over $2 million from Jup, Fluid, and partners.

According to Jinshi reports, Federal Reserve Governor Mester stated that monetary policy has been passively tightened.

According to Jinshi reports, Federal Reserve Governor Mester stated that the Federal Reserve is one of the biggest risks to U.S. economic growth.

According to Jinshi, the Dow Jones Transportation Average fell to a low point in over a week, down 4.8% latest.

Grok AI, owned by Elon Musk, has confirmed that X Money is considering integrating BTC.

According to Gate market data, the Nasdaq Composite Index opened up 62.37 points on February 12 (Thursday), an increase of 0.27%, at 23,128.84 points; the S&P 500 Index opened up 27.88 points, an increase of 0.4%, at 6,969.33 points; the Dow Jones Index opened up 244.59 points, an increase of 0.49%, at 50,365.99 points.