ESP (Espresso) breaks above 0.08 USDT

KITE (Kite) 24-hour increase of 17.66%

Gate News Bot Message, February 13 — According to CoinMarketCap data, at the time of press, KITE (Kite) is trading at $0.19, up 17.66% in the past 24 hours, with a high of $0.20 and a low of $0.14. The current market cap is approximately $348 million, an increase of $52.2 million from yesterday. Kite is the first AI payment blockchain, providing infrastructure support for autonomous agents with features such as identity verification, payments, governance, and validation. As a Layer 1 chain designed specifically for the autonomous agent economy, it uses a Proof of AI (PoAI) mechanism and boasts near-zero gas fees and an average block time of 1 second. The platform offers core functionalities including identity verification, programmable governance, and agent payments, enabling AI models, agents, and digital services to maintain a unique verifiable identity while supporting autonomous systems.

Gate Daily (February 13): Standard Chartered Bank warns Bitcoin may drop to $50,000; PGI CEO sentenced to 20 years in prison for $200 million scam

Bitcoin (BTC) continues its sluggish trend, trading around $66,050 on February 13. Standard Chartered Bank warns that Bitcoin may drop to $50,000 before rebounding, with a year-end target price lowered to $100,000. The U.S. Department of Justice announced that PGI CEO was sentenced to 20 years in prison for allegedly running a $200 million Bitcoin Ponzi scheme.

Sharplink Chairman: Will continue to purchase and stake ETH

At the Hong Kong Consensus Conference, Sharplink Chairman Joe Lubin and CEO Joseph Chalom discussed institutional strategies for digital asset vaults, emphasizing ETH's productivity and staking yields. They plan to continue purchasing and staking ETH and seek to achieve risk-adjusted returns through DeFi. Additionally, Lubin predicts that every company in the future will become a blockchain company.

JPMorgan: The cost of producing Bitcoin has decreased from $90,000 at the beginning of the year to $77,000.

JPMorgan analysts point out that the production cost of Bitcoin has decreased from $90,000 at the beginning of the year to $77,000, mainly due to a decline in network hash rate and mining difficulty. The decrease in difficulty provides breathing room for operational miners, and the production cost is expected to rebound. Analysts are optimistic about the future of cryptocurrencies.

Why did Bitcoin drop today? ETF outflows exceed $3.2 billion, and non-farm payrolls before CPI data crushed hopes for interest rate cuts.

Bitcoin drops to around $66,000, with US Bitcoin ETFs experiencing outflows of over $3.2 billion in the past 30 days. Data released on Wednesday shows that the US labor market in 2026 started stronger than expected, with non-farm payrolls increasing by 130,000 in January, well above expectations, and the unemployment rate decreasing from 4.4% to 4.3%. The January CPI release on Friday will be the next key point, with expectations of a 0.3% increase in both overall and core CPI month-over-month.