daily-12-02-2026

This week, the crypto market moved in two different directions. On the price side, Bitcoin and other crypto assets remain under pressure. However, in terms of infrastructure development, several new initiatives have shown meaningful progress. Coinbase’s AI integration, stock tokenization on Ethereum, and Ripple’s reaffirmed strategy around XRP became key highlights.

Whale Accumulation, Prices Yet to Recover

Recent data shows that large investors (whales) purchased approximately US$4 billion (53,000 BTC) of Bitcoin in early February. Under normal conditions, accumulation of this scale is often associated with a potential price reversal.

Nevertheless, Bitcoin has fallen from the US$70,000 area and is trading around US$66,000. This suggests that market pressure remains strong and sentiment has not fully recovered. Whale purchases have not been sufficient to shift the short-term trend.

For now, the market is waiting for a clearer direction: whether this phase is merely a temporary correction or part of a longer consolidation period.

Coinbase Introduces Wallets for AI Agents

Coinbase launched “Agentic Wallets,” crypto wallets designed specifically for AI agents. This technology enables AI systems to store assets, execute transactions, and interact with DeFi protocols without direct human intervention.

Key features include:

  • Automated portfolio management.
  • Transaction execution based on predefined parameters.
  • Independent payment for digital services.

Lightning Labs has also introduced a similar solution on the Bitcoin network via the Lightning Network. These initiatives expand the potential use of crypto in automated systems and machine-to-machine transactions.

Tokenized Stocks Used as DeFi Collateral

Ondo Finance integrated Chainlink price feeds for tokenized U.S. stocks on the Ethereum network. Assets such as SPYon (S&P 500), QQQon (Nasdaq-100), and TSLAon now have reliable on-chain price feeds that can be used within DeFi protocols.

With this integration, tokenized stocks can serve as collateral to borrow stablecoins on platforms like Euler. This structure provides liquidity options without requiring investors to sell their holdings, while strengthening the connection between traditional finance and the DeFi ecosystem.

Ripple Reaffirms XRP’s Role

Ripple has reiterated that XRP remains central to the company’s strategy. Ahead of XRP Community Day on February 11–12, 2026, discussions will focus on institutional DeFi development on the XRP Ledger, the potential for a Spot XRP ETF, and strengthening XRP’s role in cross-border payments.

The statement aims to clarify Ripple’s strategic direction amid its expansion into other business areas.

Overall, while prices remain volatile, technological and integration developments indicate that the crypto industry continues to progress. Market attention is not only on price movements, but also on how infrastructure and utilities are evolving.

Disclaimer
This material is for general informational purposes only and does not constitute investment advice, recommendations, or an invitation to buy or sell crypto assets, digital assets, securities, derivatives, or to make any investment decisions. Mobee is not obligated to update this report based on information or events occurring after the date of publication. Any views or recommendations contained in this report may not be suitable for all users.