On the same day, it was reported that Binance and Franklin Templeton had unveiled an off-exchange collateral program utilizing tokenized money market funds. This initiative aims to tackle counterparty risk—a primary hurdle for institutional traders—by allowing them to trade on-exchange while keeping their assets in regulated third-party custody.
FAQ Why did bitcoin drop below $66K on Feb. 11? Conflicting headlines and Fed rate concerns triggered sharp intraday swings. Did Blackrock’s BTC transfer impact the market? Yes, traders viewed the 600 BTC move to Coinbase Prime as a potential sell signal. How did Europe factor into the volatility? Denmark’s Danske Bank lifted its eight‑year crypto ban, boosting regional demand prospects. What was the global fallout from the flash moves? Over $400M in leveraged positions were liquidated, dragging the crypto market cap to $2.35 trillion.Bitcoin Slumps Below $66,000 as Strong US Jobs Data Dampens Rate-Cut Hopes
Latest News
VerifiedX Launches Bitcoin Sidechain for Native DeFi Privacy
VerifiedX has officially introduced a decentralized "reliever chain" designed to bring programmable, privacy-preserving functionality to the Bitcoin network.Martha Grizzard
Japan’s SBI and Rakuten Plan Crypto Trusts as Rules Finalize
SBI Securities and Rakuten Securities have officially announced plans to introduce cryptocurrency investment trusts to their massive retail user bases.Craig Green
Senate Advances CLARITY Act: A New Era for U.S. Crypto Oversight
The Senate Banking Committee advanced the CLARITY Act on May 14, 2026 to establish a comprehensive federal framework for the digital asset industry.
TRC20-USDT Circulation Soars to 89.3 Billion Record on TRON
The circulation of TRC20-USDT has officially ascended to a historic peak of 89.3 billion tokens, fundamentally expanding the liquidity threshold of the decentralized financial landscape.Hallie Gill
21Shares Debuts First Canton Network ETF (TCAN) on Nasdaq
The TCAN ETF provides the first U.S.-listed gateway to Canton Coin (CC), the native utility token of the Canton Network.Martha Grizzard
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