🚀 CMC Market Pulse: Volatility Returns
BTC up 1.46%, ETH up 0.57%
Market capitalization $2.26 trillion. Liquidation amounts fall below $300 million per day.
Funding rates return to low positive values as volatility decreases.
Let's analyze this week's hot topics in the cryptocurrency space 🧵
1/6
📉 Market Overview:
🔹 Cryptocurrency market capitalization rose 0.89% to $2.26 trillion. BTC up 1.46%, ETH up 0.57%.
🔹 Liquidation amounts decreased, barely exceeding $300 million on most days.
🔹 Funding rates stabilized, with major cryptocurrencies regaining low positive funding rates.
🔹 A strategy purchased 1,142 BTC for $90 million, bringing its total holdings to 714,644 BTC.
🔹 Binance completed a SAFU conversion of 15,000 Bitcoins, worth approximately $1 billion.
🔹 Stripe integrated x402, enabling AI agents to make payments using USDC on Base.
🔹 The S&P 500 rose 0.24%, and the Nasdaq rose 0.13%, indicating initial signs of weakness in the stock market.
2/6
📰 This Week's Highlights: Advances in Institutional DeFi
🔹 LayerZero launched Zero, an institutional blockchain, with DTCC, ICE/NYSE, Citadel Securities, and ARK Invest already participating.
🔹 Uniswap partners with Securitize to enable BlackRock's BUIDL to be traded via UniswapX. BlackRock acquires UNI.
🔹 Robinhood launches testnet for its permissionless Ethereum-compatible L2 service.
Despite market caution, institutional and DeFi infrastructures continue to converge.
3/6
🗓️ Major Project Updates:
🔹 Sonic transitions to a vertically integrated model aimed at enhancing the value of its S token.
🔹 Sui launches suiUSDe and integrates DeepBook Margin.
🔹 MegaETH mainnet fully launches.
🔹 Polymarket partners with Kaito AI to launch an attention marketplace.
🔹 ENS abandons Namechain, confirming ENSv2 deployment on the Ethereum mainnet.
🔹 Circle brings native USDC and CCTP to EDGE Chain via edgeX.
4/6
🏦 DeFi Briefs:
🔹 Ondo Finance launches Ondo Perps for stock and commodity trading.
🔹 Aave proposes the "Aave Will Win" framework, allocating 100% of its revenue to the DAO.
🔹 Backpack announces its token economics model. 25% of TGE is unlocked for community airdrops.
🔹 Sushi has expanded to Solana and gained support for the Jupiter Ultra API.
5/6
💡 Key Takeaways:
🔹 Market volatility is easing, and the market is seeking support levels.
🔹 Despite pessimistic market sentiment, institutional DeFi integration is accelerating.
🔹 L1 trading is shifting towards a vertically integrated value accumulation model.
🔹 On-chain stock and commodity trading continues to grow.
🔹 Stable funding suggests that leverage rebalancing may have been completed.
📊 Data as of 6:45 AM UTC, February 13, 2026.
Stay tuned.
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CryptoRank.io
19h ago
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Bitget Aims for 40% Market Share in Tokenized Stock Trading by 2030
The exchange recently upgraded its application, integrating the cryptocurrency and Traded Finance (TradFi) markets into a single interface, and set a goal of capturing 40% of the tokenized stock trading market share by the end of this decade.
@bitget projects that global stock trading volume could reach $160 trillion to $200 trillion by 2030 and believes exchanges can facilitate 20% to 40% of tokenized stock trading volume. Its internal benchmark target is approximately 40% of this segment, implying roughly $15 trillion to $30 trillion in tokenized stock trading through its platform.
This product transformation reflects this market positioning, providing a unified cryptocurrency trading platform where users can easily access tokenized stocks, forex, and commodities, all settled in USDT.
Bitget also reported that as of January 2026, it accounted for 89.1% of tokenized equity token trading on Ondo, with a daily trading volume of approximately $6 billion. This suggests that if the adoption of tokenization technology accelerates, liquidity concentration in the tokenization market could rapidly increase.
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Messari
22h ago
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In the fourth quarter, the total value of Risk-Weighted Assets (RWA) on BNB Chain surpassed $2 billion, making it one of the most important RWA trading platforms in the cryptocurrency space this year.
Here's a timeline of the BNB RWA ecosystem's development 🧵
Total RWA value reached $2 billion, a 228% increase quarter-over-quarter and a 555% increase year-over-year.
Growth was primarily concentrated in tokenized cash, money market funds, and equities.
In October, BNB Chain partnered with China Merchants International to launch a $3.8 billion tokenized money market fund on-chain.
This deployment is one of the largest single RWA issuances on a public chain to date.
BNB Chain's business scope has also expanded beyond cash-like assets.
Ondo Global Markets listed over 100 tokenized US stocks and ETFs, further enriching the RWA portfolio to include equities, fixed income products, and money market products.
In November, @BlackRock introduced BUIDL to BNB Chain, which was accepted as collateral by @binance, further strengthening the connection between on-chain RWAs, centralized liquidity platforms, and institutional workflows.
With RWAs reaching $2 billion in scale, and payments and stablecoins further driving settlement demand, BNB Chain is moving towards its 2026 goal of becoming a high-throughput, institution-friendly settlement layer.
For a complete breakdown and analysis of RWAs, please see the "BNB Chain Q4 2025 Status Report".
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Blockchain PhD student
23h ago
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Companies like BlackRock, Franklin Templeton, Ondo, and Backed all initially launched on Ethereum.
Why do institutional investors continue to choose public blockchains?
Melvis Langyintuo of @CantonNetwork stated, “The key difference lies in interoperability and composability. It can atomically coordinate transactions across multiple stakeholders, products, and markets. These features extend distribution channels, liquidity, and the velocity of asset circulation.”
Result: Ethereum hosts approximately 60% of tokenized RWAs and over 400 assets with a total value exceeding $12 billion.
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Blockchain PhD student
02-12 10:30
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🗞️ Want to know today's news? Here are our top ten stories:
🔸 Elon Musk announced that the external beta version of X Money will launch within the next 1-2 months, aiming to become the central platform for all currency trading.
🔹 The US House of Representatives passed a bill to end Trump's tariffs on Canada.
🔸 Ondo Finance partnered with Chainlink to become its official data oracle, supporting the use of tokenized US stocks as collateral for DeFi on Ethereum.
🔹 Coinbase's developer platform launched a "smart wallet" that enables autonomous AI agents to manage funds and conduct transactions on-chain without human intervention.
🔸 Bo Hines, head of Tether's US branch, stated that the company expects to rank among the top ten buyers of US Treasury bonds this year, driven by growing demand for USDT.
🔹 Paul Atkins of the US Securities and Exchange Commission (SEC) confirmed that token classification guidelines are forthcoming to solidify the US's leading position in the digital asset space.
🔸 Intercontinental Exchange (ICE) launched the Polymarket Signals & Sentiment tool, bringing market analytics capabilities to institutional capital markets.
🔹 BlackRock listed its tokenized fund, BUIDL, on Uniswap.
🔸 Danske Bank, Denmark's largest bank, ended its eight-year ban on cryptocurrencies and now offers Bitcoin and Ethereum ETPs to its customers.
🔹 Robinhood Chain launched its testnet and selected Chainlink as its oracle infrastructure.
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Blockchain PhD student
02-12 07:30
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🔥 Breaking news: Ondo Finance has partnered with Chainlink, making Chainlink the official data oracle, enabling tokenized US stocks to be used as collateral for DeFi on Ethereum.
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Token Terminal
02-12 04:38
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Breaking News: The total market capitalization of tokenized funds has surpassed $17 billion.
Major issuers: Maple, Securitize, Circle, Ondo, Superstate, and Centrifuge.
Chart below 👇
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Blockchain.com
02-11 23:13
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@OneMorePeter, CEO, Chairman, and co-founder of a blockchain company, told @RemyBlaireNews that cryptocurrency trading patterns are more closely correlated with traditional assets, but he stated that as the market matures, "I expect this correlation to break down."
🎙️ From Ondo Summit 2026 | @OndoFinance
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LCX
02-11 21:30
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🚀 The RWA Ecosystem Trading Earning Event is now live!
Trade designated RWA trading pairs ($LCX/EUR, $LCX/USDC, $DOVU/EUR, $TRAC/EUR, $ONDO/EUR, and $TOTO/EUR) for up to $50,000 in rewards.
Unlock a mystery chest worth up to $1,000 USDC!
🗓 February 11th to March 11th (Central European Time)
👥 First 200 participants (first-come, first-served)
✅ KYC verification required
How to participate:
@dovuofficial @origin_trail @OndoFinance @totofinance
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TheCryptoBasic
02-11 21:08
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Robinhood Confirms Ripple Tokenized Millions of Dollars of Assets on XRP, Bringing Network RWA to $2.18 Billion, Featured by WrathofKahneman. 🧵🧵🧵
Leading trading platform Robinhood recently confirmed that Ripple has tokenized millions of dollars of assets on the XRP ledger.
Robinhood Markets outlined its stance on real-world asset tokenization in a seven-page memo dated January 2025 and filed with the U.S. Securities and Exchange Commission (SEC) on February 11, 2025. In the document, the company explained the advantages of tokenization and the regulatory hurdles it faces in the United States.
The trading platform also confirmed that Ripple has tokenized hundreds of millions of dollars worth of assets on the XRP ledger. Notably, data shows that the XRP ledger currently holds $1.8 billion in tokenized RWA (excluding stablecoins), and the total reaches $2.18 billion if stablecoins are included.
In this document highlighted by WrathofKahneman (WOK), Robinhood defines tokenization as the process of placing digital versions of real-world assets on a blockchain. The memo lists various tokenizable asset classes, including stablecoins, tokenized securities, tokenized real estate, and non-fungible tokens (NFTs).
Robinhood then emphasizes Ripple as a major player in the real-world asset tokenization space. The memo notes that Ripple has tokenized hundreds of millions of dollars worth of real-world assets on the XRP ledger. This is thanks to partnerships with prominent institutions such as Ctrl Alt, Ondo Finance, and Securitize.
Robinhood also mentions Ripple's collaborations with BlackRock and Goldman Sachs. For reference, BlackRock launched the BUIDL fund in March 2024, aiming to tokenize U.S. Treasury bonds. Goldman Sachs has also launched several tokenization initiatives, focusing on real estate and money market funds.
Robinhood also cited a McKinsey study that estimates the tokenized fund market could reach approximately $2 trillion by 2030, not including cryptocurrencies and stablecoins. This prediction confirms the significant attention major financial institutions are paying to this market.
Meanwhile, the latest data from RWA.xyz shows that XRPL currently holds $1.8 billion worth of tokenized real-world assets (excluding stablecoins). This total makes XRPL the sixth most valuable blockchain on RWA. It should be noted that this data includes both distributed assets on the network and represented assets.
In the past 30 days, XRPL's real-world asset value has increased by 159%, the largest increase among mainstream blockchains during the same period. Solana follows closely with a 46% increase, while Ethereum's increase is 15.49%. It's worth noting that just three weeks ago, The Crypto Basic reported that XRPL's asset value had surpassed $1 billion.
If stablecoins are included, the total value of real-world assets on XRPL would reach $2.18 billion. JMWH commodities on the Justoken platform account for the largest share.
Commodities account for $1.1 billion of the total, private credit contributes $322.7 million, and US Treasury bonds contribute $180.6 million. Stablecoins account for $424 million, with RLUSD alone accounting for $348 million.
In the memo, Robinhood listed several advantages of tokenization. The company believes that blockchain networks can improve liquidity by simplifying transactions of assets such as real estate. Smart contracts can reduce intermediaries and lower costs. Meanwhile, blockchain records can enhance transparency.
Tokenization also allows for partial ownership, enabling retail investors to access high-value assets. Furthermore, blockchain systems support global access and 24/7 trading. Robinhood also believes that tokenization can expand financial access for populations that previously lacked investment opportunities.
At the same time, Robinhood points out that US regulations hinder innovation. The company points out that current securities laws require most tokenized real-world assets to adhere to traditional compliance frameworks. This limits retail investor participation. The report also notes that regulators have yet to establish a clear framework for the issuance and trading of blockchain-native assets outside of existing securities categories.
However, other regions are progressing more rapidly. For example, the European Union introduced the Crypto Asset Markets Regulation (MiCA), aimed at establishing uniform rules for member states. Hong Kong, Singapore, and other locations have also taken similar measures.