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According to Hurriyet Daily News, the Turkish parliament removed the tax provisions related to crypto assets during the review of the omnibus bill. The provisions had proposed a 0.3% transaction tax on crypto transactions conducted through service providers and imposed withholding tax on crypto gains.This adjustment stemmed from strong opposition from the opposition parties. Officials stated that the relevant content may be resubmitted in the form of separate legislation in the future.

Crypto journalist Eleanor Terrett revealed that the office of U.S. Senator Thom Tillis plans to publicly release legislative text related to stablecoin yields and reward mechanisms next week, and is currently in ongoing communication with various industry stakeholders.According to reports, this move comes in response to dissatisfaction expressed by participants in the crypto industry, such as Coinbase, regarding the relevant terms presented earlier this week. Coinbase's Global Head of Investment Research, David Duong, stated that the industry is preparing a coordinated counter-proposal aimed at pushing for adjustments to the terms to protect users while maintaining a sustainable reward mechanism.

The Federal Court of Australia ordered Binance's Australian derivatives division (i.e., Oztures Trading Pty Ltd) to pay a fine of AUD 10 million (approximately USD 6.9 million).During the period from 2022 to 2023, the entity incorrectly classified over 85% of local customers as wholesale investors, resulting in 524 retail customers being exposed to high-risk crypto derivatives without statutory consumer protections, leading to trading losses of approximately AUD 8,660,000 (about USD 5.9 million) and fee losses of AUD 3,900,000 (about USD 2.7 million). Joe Longo, Chairman of the Australian Securities and Investments Commission (ASIC), stated that Binance failed to establish basic compliance review mechanisms and incorrectly approved hundreds of wholesale investor applications. According to the fact statement submitted to the court, Binance acknowledged flaws in its customer onboarding process, allowing applicants to repeatedly take the eligibility test until they passed, and that senior compliance personnel inadequately reviewed application materials. Binance admitted to six violations, including failing to provide product disclosure statements to retail customers, not conducting target market assessments, and not maintaining a compliant internal dispute resolution system. This fine is in addition to approximately AUD 13.1 million (about USD 9 million) in customer compensation previously supervised by ASIC. The entity's Australian financial services license was revoked in April 2023.

This week, a compromise proposal regarding the yield section of the Clarity Act by U.S. Senators has sparked mixed reactions within the crypto industry. Coinbase has expressed dissatisfaction with the latest compromise text to the senator's staff but has not publicly stated opposition.The proposal was presented to stakeholders in the crypto industry on Monday, with some expressing dissatisfaction while others felt the outcome was better than expected. The proposal will instruct certain regulatory agencies to formulate rules to clarify the regulatory approach to yield-generating activities, but there are concerns that regulators may set subjective standards. Additionally, the text may limit companies' ability to tie rewards to the scale of stablecoin transactions.During this week's industry conference call, Coinbase had disagreements with other parties, with some companies believing that giving up certain stablecoin rewards is too costly, while others felt that losing the Clarity Act poses a greater risk to the overall legislative framework for the crypto industry. Previously, news related to this compromise proposal had impacted the market, with Circle's stock price dropping 20% on Tuesday and slightly rebounding on Wednesday.White House crypto advisor Patrick Witt criticized the related predictions on the X platform as "uninformed" and stated that "everything will be resolved." The final text is expected to be released this weekend or early next week.

The European cryptocurrency trading platform Bitpanda announced the launch of the blockchain network Vision Chain, jointly built with the Vision Web3 Foundation and Optimism, to provide tokenized asset issuance and settlement infrastructure for European banks and fintech companies in compliance with the MiCA regulatory framework.The network uses euro stablecoins to pay transaction fees to avoid the risks of cryptocurrency price volatility.

According to Hainan Daily, the Hainan Provincial Local Financial Supervision Administration has issued a risk warning regarding trading venues. Recently, the Hainan Provincial Local Financial Supervision Administration learned from relevant channels that certain entities are promoting under names such as "Hainan International Data Asset Exchange," "Hainan Data Exchange," and "Hainan Marine Exchange," claiming to legally conduct businesses related to RWA (Real World Assets) and RDA (Real Data Assets).Market entities are conducting business in violation of regulations under the guise of trading venues without approval, which is suspected of illegal financial activities and endangers public property safety. In response, the Hainan Provincial Local Financial Supervision Administration has the following risk warnings:Currently, there is no approved establishment of the "Hainan International Data Asset Exchange" within our province. The establishment of trading venues in our province must be approved by the provincial government (the list of approved trading venues can be found in the appendix). Without approval from the competent authorities, market operators are not allowed to use terms such as "exchange" or "trading center" in their registered names, nor can they engage in activities related to trading venues.The People's Bank of China, the China Securities Regulatory Commission, and eight other departments jointly issued a notice on further preventing and addressing risks related to virtual currencies, clearly stating that the regulation of the tokenization of Real World Assets (RWA) follows the principle of "strictly prohibited domestically, strictly regulated overseas." It emphasizes that conducting tokenization activities of Real World Assets (RWA) within the country, as well as providing related intermediary and information technology services, is suspected of illegal activities such as unauthorized issuance of token vouchers, unauthorized public issuance of securities, illegal operation of securities and futures businesses, and illegal fundraising, which should be prohibited.We urge investors to establish a correct investment perspective.

The Ethereum Foundation today released a systematic explanation regarding the evolution of the roles of L1 and L2. The core point indicates that as the ecosystem matures, the primary goal of L2 has shifted from "scaling Ethereum" to "providing differentiated functions, customized services, and autonomous controllable areas," while scaling has become a secondary focus.The Foundation has redefined the roles of L1 and L2 as follows:· L1: As a permissionless, highly resilient global settlement layer, it undertakes the functions of shared state, liquidity, and DeFi hub, and must continue to scale while maintaining censorship resistance, open source, privacy, and security.· L2: While developing its own on-chain economy, it will extend Ethereum's core attributes to a broader user base, forming a "full-spectrum" ecosystem.The Foundation clarifies that L2s with the highest integration with L1 should pursue synchronous composability, complete interoperability, shared liquidity, and Stage 2 mechanisms. A large number of L2s with diverse business models and technical expertise will continue to play an important role, providing functionalities that L1 does not possess.The Ethereum Foundation stated that it will continue to invest in technology to help L2 smoothly extend L1's core attributes and securely access cross-layer liquidity, while emphasizing that L2 must maintain transparency and verifiability of its security attributes.

According to Politico, Senate Republicans are considering adding bank deregulation provisions to the cryptocurrency market structure bill to help advance a stalled housing proposal.

According to Jinshi reports, the year-on-year revision of the core PCE price index for the United States in the fourth quarter is 2.9%, the same as the previous value of 2.9%.

Bitcoin Policy Institute calls for a revision of U.S. tax rules that treat all BTC payments as capital gains.

The Bitcoin Policy Institute (BPI) announced that it will submit public comments on the Federal Reserve's upcoming proposal for the Basel framework implementation, advocating for changes to the risk weight treatment of BTC within the banking regulatory system.BPI Executive Director Conner Brown stated that BTC is classified as a high-risk asset under the Basel framework, subject to a 1,250% risk weight, higher than almost all other asset classes, and is characterized as "the most stringent classification." In contrast, the risk weights for cash, physical gold, and government bonds are all 0%. The 1,250% capital requirement means that banks must hold BTC with a 1:1 ratio of compliant collateral, significantly increasing the cost for banks to hold this asset and limiting their ability to provide financial services to BTC-related businesses.

Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission, stated at the Investor Advisory Committee (IAC) meeting on Thursday that the SEC is developing innovative exemption provisions for tokenized securities, but the scope will be narrower than previously discussed exemption proposals.The Investor Advisory Committee IAC had previously recommended that the SEC should not adopt a comprehensive exemption approach to avoid undermining investor protections, including core mechanisms such as ownership disclosure, intermediary regulation, and order protection. Instead, it suggested targeted reforms through a rule-by-rule approach, which must undergo a public consultation process.SEC Chairman Paul Atkins stated at the same meeting that the commission expects to soon discuss innovative exemptions in order to seek to establish a timeline for a long-term regulatory framework. Tokenized securities currently must fully comply with U.S. federal securities laws, and the innovative exemption mechanism aims to allow controlled experiments with more advanced trading models while maintaining necessary investor protections.

Bitcoin recently rebounded to $74,000 before falling back to around $70,000, with the market showing clear divisions on whether this position has formed a temporary top. Some analysts believe the current trend is highly similar to the mid-structure of the 2022 bear market.Data shows that Bitcoin reached a high of $126,000 in October 2025, followed by a rebound peak approximately 149 days later, which is similar to the previous two cycles. Some traders believe that this round of increase may just be a liquidity trap, and the price could still further decline to below $60,000, or even test the liquidity dense area between $62,000 and $65,000. However, there are also analysts who hold the opposite view, believing that a temporary bottom has formed near $60,000.Unlike in 2022, this round of correction has not effectively broken below the 200-week Exponential Moving Average (EMA), but instead rebounded after a retest, indicating a stronger market structure. Additionally, institutional funds continue to flow in through spot ETFs, and the tightening market supply is also seen as an important factor supporting prices. Bullish analysts believe that as long as the key support level of $70,000 remains intact, the market still has a chance to initiate a new upward movement towards the $75,000 to $80,000 range.

According to Bloomberg, Standard Chartered has appointed the former co-head of JPMorgan's blockchain division to lead its global payments business, continuing the modernization of its cash management system.Naveen Mallela just stepped down as head of JPMorgan's Kinexys business last month. Standard Chartered stated in a statement on Wednesday that he will officially join on May 4 as the head of global payments.

According to CoinDesk, the U.S. Senate Banking Committee has included a provision in its latest bipartisan housing bill that temporarily prohibits the Federal Reserve from issuing a central bank digital currency (CBDC). This "21st Century Housing Act," co-sponsored by Committee Chairman Tim Scott and senior member Elizabeth Warren, aims to promote housing construction in the U.S. by reducing regulatory barriers.In this 303-page bill, the CBDC prohibition provision, which spans only two pages, states that the Federal Reserve Board or Federal Reserve Banks may not issue or create a CBDC or any digital asset that is substantially similar, either directly or through intermediaries such as financial institutions. The ban is effective until December 31, 2030, and establishes an exception for unlicensed, private "dollar-denominated" currencies that fully preserve the privacy protections of physical cash.In a statement released by the White House supporting the bill, it explicitly mentions support for this CBDC provision, stating that it "prevents the development of a CBDC that could pose significant threats to individual privacy and freedom." Previously, Congress has attempted multiple times to pass similar bans, with the House passing it as a standalone bill last year, but it has yet to receive full approval in Congress.

According to The Block, Commodity Futures Trading Commission (CFTC) Chairman Michael Selig announced the appointment of David Miller as the head of the agency's enforcement division.Miller previously served as a federal prosecutor and has extensive experience in digital asset cases in the private sector. This appointment comes as the CFTC is preparing to play a more significant role in regulating the cryptocurrency industry. Miller stated, "I am honored to join the CFTC during this exciting time of transformation." Selig emphasized that Miller will focus on "combating fraud, abuse, and manipulation, rather than policy-making."

The CFTC Chairman has appointed former federal prosecutor and private practice attorney David Miller to lead the agency's enforcement division.David Miller previously served as a litigation partner at Greenberg Traurig and Morgan Lewis, focusing on commodities, securities, digital assets, and national security, and he has also served as an Assistant U.S. Attorney in the Southern District of New York. Michael Selig stated that David Miller will be dedicated to combating fraud, abuse, and manipulation, rather than formulating policy. Currently, Washington lawmakers are pushing to grant the CFTC broader jurisdiction over the cryptocurrency industry.

According to official social media news, Huobi HTX will hold a special live event "Huobi Karaoke King - Spring Festival Golden Melody Battle Night" on February 13 at 20:00, inviting He Youqian, the champion of the Beijing division of "The Voice of China," the Huobi team, and several crypto KOLs to perform. During the live broadcast, Huobi HTX spokesperson Molly will also draw Spring Festival gift boxes for users.

According to Bloomberg, German securities trading platform operator Boerse Stuttgart Group plans to merge its crypto business with Frankfurt-based digital asset trader Tradias.According to a statement released on Friday, the newly formed business unit will have approximately 300 employees and will be jointly operated by a management team from both Boerse Stuttgart and Tradias. Financial details have not been disclosed.