U.S. stock market closes with mixed gains and losses; Western Digital drops 8.1%

Solana Company's CEO: Believes the Solana super cycle will begin in Asia

Solana CEO Joseph Chee stated at the Hong Kong conference that the next hundred million users of blockchain will come from Asia, as the region has a large population and is open to new technologies, with a significantly faster adoption rate of new things compared to other regions.

Crypto Market Sees Persistent Downturn Under ‘Extreme Fear’ Sentiment

The crypto market faces a downtrend, with a 0.36% drop in total capitalization to $2.3T, despite a 15.76% increase in trading volume. Bitcoin and Ethereum also experience slight declines. Conversely, notable gains come from $TRUMP, $DOGS, and $ELEVATE. DeFi TVL decreases by 0.90%, and NFT sales drop significantly. Key developments include the U.S. ending tariffs with Canada and Thailand recognizing crypto in derivatives.

The three major U.S. stock indices all rose before the market opened, with NVIDIA (NVDA) up 0.48%.

The three major U.S. stock indices before the market opened all rose, with the Nasdaq up 0.25%, the Dow up 0.32%, and the S&P 500 up 0.23%. Among the seven major tech stocks, Apple slightly declined, while most others rose.

Ethereum spot ETF, net outflow of $129.18 million... The two-day consecutive capital inflow trend has ended.

The Ethereum spot ETF market ended two consecutive days of capital inflows, with a net outflow of $129.18 million on February 11, bringing the total net inflow to $11.75 billion. Among the main products, five ETFs including Fidelity FETH experienced net outflows, with a total transaction volume of $1.14 billion and net assets of $11.27 billion.

XRP Community Day ignites market expectations. With ETF funds backing, can the price break through $1.50?

February 12 News, in 2026, after experiencing a week of continuous pullback, XRP prices show signs of stabilization and rebound. Over the past 24 hours, XRP has risen approximately 1.7%, trading at $1.38, still about 20% below the four-week high of $2. Meanwhile, the total market capitalization of cryptocurrencies is around $2.29 trillion, with Bitcoin hovering near $67,000. Solana, Ethereum, Dogecoin, and Cardano also experienced mild rebounds, indicating a recovery in market risk appetite. The key event driving the market sentiment is Ripple's "XRP Community Day" held from February 11 to 12. This event brought together XRP holders, developers, and institutional representatives. Executives such as Brad Garlinghouse, Monica Long, David Schwartz, and Stuart Alderoty participated in online discussions, focusing on the progress of XRP Ledger applications, cross-chain liquidity solutions, and the 2026 roadmap. Ripple also showcased new directions including regulated products, ETFs, and wrapped XRP, strengthening its position in global financial integration.

BlackRock: Allocating just 1% of traditional Asian investment portfolios to cryptocurrencies could bring in nearly $2 trillion in new capital flows.

BlockBeats News, February 12 — Nicholas Peach, Head of iShares Asia-Pacific at BlackRock, stated at the Hong Kong Consensus Conference that if only 1% of traditional investment portfolios in Asia are allocated to cryptocurrencies, it could theoretically bring in nearly $2 trillion in new capital inflows. As the acceptance of crypto ETFs increases among Asian institutions, some allocation models have already recommended small proportions of crypto investments. Based on Asia's household wealth of approximately $108 trillion, even a conservative allocation would have a profound impact.