[1/3] [Crypto/TradFi Merge Update] 2026-02-13 16:00 (Beijing Time) Important News 1. SEC Chairman Paul Atkins: Long-term stability in crypto regulation depends on congressional legislation; prediction markets will be regulated in conjunction with the CFTC. Atkins stated at a Senate Banking Committee hearing that the SEC can create temporary rules, but the key to preventing future government overturning and "permanentizing" policies remains legislation; he also emphasized that prediction markets are a major regulatory issue, and the SEC and CFTC are coordinating on jurisdiction and rules. (Cointelegraph | BlockBeats | Foresight News | PANews) 2. The Stuttgart Stock Exchange Group in Germany is reportedly considering merging its crypto business with Tradeas, with the new entity potentially valued at over €500 million. Boerse Stuttgart Group plans to merge its crypto business with Frankfurt-based digital asset exchange Tradeas. The new division will have approximately 300 employees and will be managed by a joint team from both companies. Sources familiar with the matter say Tradeas is valued at around €200 million, and the combined entity could be valued at over €500 million. (BlockBeats | PANews | TechFlow | CoinGape) 3. Coinbase reported a net loss of $667 million in Q4 2025 but remained profitable for the full year; it continued to increase its BTC holdings by approximately $39 million in Q4. The Q4 loss was mainly dragged down by losses in the crypto asset portfolio and strategic investments, but stablecoin-related revenue was relatively strong. The company disclosed that it still achieved a net profit of approximately US$1.26 billion and revenue of approximately US$7.181 billion for the full year of 2025, and increased its BTC holdings by approximately US$39 million through "weekly fixed investment" in Q4. COIN's stock price once fell by about 8% due to the impact of the rating/financial report. (BlockBeats | Foresight News | TechFlow | PANews) 4. US spot ETF liquidity weakens: On February 12th (Eastern Time), the BTC ETF saw a net outflow of $410 million, and the ETH ETF saw a net outflow of $113 million. All 12 BTC spot ETFs saw net outflows (IBIT -158 million, FBTC -104 million, etc.); all 9 ETH spot ETFs saw net outflows (FETH -43.52 million, ETHA -28.99 million, etc.). Meanwhile, foreign media reports indicate that the SOL spot ETF saw a slight net inflow of approximately $2.7 million, while the XRP spot ETF experienced a net outflow of approximately $6.42 million. (PANews(BTC) | Foresight News(ETH) | Cointelegraph | CoinGape) 5. Upbit will terminate support for LRC trading on March 16, citing insufficient disclosure and risks related to legality and sustainability. Upbit announced that it will terminate Loopring (LRC) trading support on March 16 (some reports say 2:00 PM) due to insufficient disclosure of important matters, doubts about the authenticity/legality of its business, and insufficient progress, and warned that users may suffer losses. (BlockBeats | Foresight News | PANews) 6. SlowMist: The North Korean Lazarus branch "graphalgo" uses fake job postings to distribute a RAT. The malicious npm package initially received over 10,000 downloads under a fake job posting. SlowMist CISO 23pds warned that "graphalgo" is targeting crypto developers with a remote access Trojan (RAT) through fake job postings, covering JS/Python. The related malicious npm package bigmathutils initially received over 10,000 downloads as a "harmless initial version," and subsequent versions were injected with malicious payloads. (Foresight News | TechFlow | PANews) 7. The CFTC Chairman announced the list of members of the Innovation Advisory Committee: 35 members covering exchanges, DeFi, traditional finance and crypto institutions. The new IAC members include representatives from Uniswap Labs, Coinbase, Polymarket, a16z crypto, CME, Nasdaq, Ripple, Kraken, Grayscale, Chainlink Labs, Robinhood, ICE and other institutions/companies. (Foresight News | Decrypt) 8. LSEG plans to launch an institutional on-chain settlement service called "Digital Securities Depository," with a target delivery date of 2026, but still requires regulatory approval. The London Stock Exchange Group plans to launch an on-chain settlement and custody service for institutions, connecting the traditional securities market with the blockchain network, supporting the trading and settlement of tokenized bonds, stocks and private equity assets, and claims that it will be compatible with multiple blockchains. (BlockBeats | PANews) Market Analysis 1. US January CPI to be released tonight: Reuters expects a year-on-year increase of 2.5% and a month-on-month increase of 0.3%; JPMorgan Chase predicts core CPI may reach 0.39% month-on-month. The median forecast in a Reuters poll is for January CPI to rise 2.5% year-on-year and 0.3% month-on-month, noting that seasonal factors may increase the probability of a better-than-expected "January effect." JPMorgan Chase expects core CPI to rise 0.39% month-on-month and recommends tactically short 2-year U.S. Treasuries.