Markets, Cryptos and Culture
February 12, 2026
Sydney, Australia to Wall Street, New York
Disrupted Markets
Mining For Intel
Google It!
Super Bowl: Aftermath
All That Glitters
Ballers Back To Business!
From One Field To Another
Punters Looking To Score Big On Disrupted Markets
X Marks The Sweet Spot
WrestleMania Season In And Out Of The Ring; Dream Matches And Dream Revenues Forecast
"Gold" (Spandau Ballet)
"You Got the Silver" (The Rolling Stones)
"Goldfinger" (Shirley Bassey)
"Mercy, Mercy, Mercy" (The Wolf Of Wall Street theme) Cannonball Adderley
"Stretch Your Face" (TOBACCO). Silicon Valley theme
"Diamonds" (Rihanna)
"Falling Down" (1993). (James Newton Howard)
"Every 1's a Winner" (Hot Chocolate)
"Still Humble" (def rebel)
"Clubbed to Death". (The Matrix theme). Kurayamino Mix. (Rob D)
"New York Mining Disaster" (Bee Gees)
Sydney, Australia to Wall Street, New York
ASX futures down 10 points/0.1% to 8948
AUD 0.9% to US71.37¢
BTC $67,455.11 -2.50%
Dow -0.3%
S&P 0.1%
NAS -0.1%
Gold 1.1% to $US5082.45 an ounce
Silver 82.341 -1.839
Brent oil 1.6% to $US69.95 a barrel
Iron ore: flat: $US100.15 a tonne
News
Numbers Double Check
Australian Dollar: $0.7130 USD (up $0.0050 USD)
Iron Ore: $100.15 USD (down $0.25 USD)
Oil Price: $64.94 USD (up $0.90 USD)
Gold Price: $5,080.22 USD (up $52.26 USD)
Copper Price: $5.9680 USD (up $0.0525 USD)
Dow Jones: 50,129.70 (down 58.44 points)
News
ASX nears record on CBA's best day in years
The Australian sharemarket finished just below its record high on Wednesday, with the S&P/ASX 200 rising 1.7 per cent to close at 9,014.80 points. The Commonwealth Bank was up 6.8 per cent at $169.56, AGL Energy advanced 11.8 per cent to end the session at $9.89 and James Hardie Industries rose 10.9 per cent to $36.87. However, CSL was down 4.6 per cent at $163.44 and ASX Limited closed 1.7 per cent lower at $55.38. (RMS)
News
Crypto News
The market still has a significant downside
Market Overview
The crypto market cap fell 2.5% in 24 hours to $2.27T. The market was below this level for several hours last Friday, the first time in the past year and a half. Trading remained stable in this range from March to November 2024. The rebound is losing momentum, increasing the likelihood of a retest of last Friday’s lows at $2.2T, potentially followed by a further 10% decline toward the $2.0T level.
Bitcoin has fallen below $67K, recording its third daily bearish candle. Of the more than 20% rebound from Friday's lows, only slightly more than half remains. Excluding extreme slippage during illiquid trading, the next important support area is $63K, followed by $60K (a round level and recent extremes) and $58K, through which the 200-week moving average passes.
BNB has underperformed the broader market, losing nearly 6% in the last 24 hours and over 21% in seven days, roughly double the rate of decline of BTC and ETH. At levels below $600, this coin found itself in last year's support area, from where it was actively bought on dips. But the technical situation is bleaker, as in 2025 buyers also found support on dips to the 50-week moving average, but this year bears pushed the price below that line at the end of January, after which we saw a heavy sell-off. This may only be a prelude to another 50% drop to $300.
News Background
According to CoinGlass, the Coinbase Premium index, which tracks the deviation of the BTC price on the US exchange Coinbase from the global average, has rebounded sharply, indicating a return of US investors.
However, there is no clear signal for a trend reversal yet. The Bitcoin futures market points to the likelihood of a further decline in Bitcoin. According to Amberdata, investors have not yet truly capitulated.
BitMine purchased an additional 40,000 ETH worth approximately $83.6 million. The company already owns more than 4.36 million coins and has fulfilled 72% of its plan to accumulate 5% of the ETH market supply.
According to CoinGecko, public DAT companies holding reserves in Solana faced unrealised losses exceeding $1.5 billion. The losses are concentrated among a small group of American firms whose shares have fallen by 59–73% over the past six months. However, the companies are not yet selling their assets. (FxPro)
News Lead Up
24 Hours Ago
Macquarie's plan to grab more market share in deposits
Data from the Australian Prudential Regulation Authority shows that Macquarie Bank's household deposits topped $100bn for the first time in December. Macquarie's deposits grew by 3.6 per cent in December, outperforming all other banks. Head of personal banking Ben Perham says Macquarie aims to increase its market share with regard to term deposits, which is curently one per cent; in contrast, its share of transaction and savings accounts is now seven per cent. Meanwhile, its home loan market share has risen to 6.8 per cent, and Perham says it is approving mortgage loans "considerably faster" than other lenders. (RMS)
News
ASX chief Lofthouse to exit ahead of latest CHESS fix attempt
Stock exchange operator ASX Limited has advised that CEO Helen Lofthouse will step down in May, after four years in the role. ASX chairman David Clarke says Lofthouse had taken on the role at an "exceptionally challenging time" for the company, with predecessor Dominic Stevens having stepped down in the wake of a failed project to replace its CHESS system. Her departure will coincide with the imminent launch of the first phase of an upgrade to the ageing platform. The ASX has hired recruitment firm Korn Ferry to find a successor to Lofthouse. (RMS)
News
Cryptos
Sam Bankman-Fried asks for a new trial
FTX co-founder Sam Bankman-Fried filed a long-shot request for a new trial on the charges for which he’s currently serving a 25-year prison sentence, arguing that new witnesses can refute the prosecution’s case that he defrauded the cryptocurrency exchange’s customers. The motion, dated February 5 but docketed on Tuesday in Manhattan federal court, was filed pro se, meaning Bankman-Fried, 33, is representing himself. The filing is separate from a formal appeal of his 2023 conviction. It was sent to the court clerk by Bankman-Fried’s mother, retired Stanford Law Professor Barbara Fried. A three-judge appeals panel is currently considering his appeal, which claims that rulings by the trial judge tainted the verdict. The judges appeared sceptical of his lawyer’s arguments at a November hearing.Alexandra Shapiro, Bankman-Fried’s appellate lawyer, declined to comment on his request for a new trial. Fried said her son’s brief has “been in the works” for a long time. “He wanted to write it in his own voice,” she said. A jury found Bankman-Fried guilty of seven criminal counts including fraud and conspiracy, agreeing with prosecutors that he illegally transferred billions of dollars from FTX customer accounts to an affiliated hedge fund, Alameda Research. Risky investments by Alameda contributed to FTX’s collapse amid a broader crypto downturn in 2022. The trial marked a stunning downfall for a figure who had once been the public face of cryptocurrency, with a fortune estimated at $US26 billion. (A.I News)
News
Alphabet aka Google
Alphabet sells more than $45b in bonds
Alphabet raised almost $US32 billion ($45.2 billion) in debt in less than 24 hours, showing the enormous funding needs of tech giants competing to build out their artificial intelligence capabilities — and the huge appetite from credit markets to fund them. The Google parent sold sterling and Swiss franc-denominated offerings, both of which were the biggest-ever corporate bond sales in their respective markets. Those deals followed Monday’s $US20 billion dollar debt sale. The sterling issue included an ultra-rare 100-year note — the first sale with such an extreme maturity by a technology firm since the dot-com era, according to data compiled by Bloomberg. Demand was high across the deals, at a record overall for the sterling with the 100-year bond drawing close to 10 times orders for the £1 billion ($2 billion) for sale. That bond priced at just 1.2 percentage points above 10-year UK government bonds, while the shortest tranche — a three-year note — priced at 45 basis points over gilts. Such a wide range of maturities in different markets meant there was something for all kind of investors — from asset managers and hedge funds to the pension funds and insurers that favour longer-dated debt. The deal hit the market less than a week after Alphabet said its capital expenditures will reach as much as $US185 billion this year — double what it spent last year — to finance its AI ambitions. Software giant Oracle also recently raised $US25 billion to fund its AI plans, drawing $US129 billion of demand. (BB/Ai News)
News
Cryptos
Ethereum stares into the abyss
Market Overview
The crypto market cap fell by 1.7% to $2.35T, returning to the lower end of the range of the last three days.
Cryptocurrencies remain under pressure with local resistance just above $2.40T, contrasting with the upward movement of stock indices. This divergence can be easily explained by the shift in leadership to the classic broad market economy instead of tech stocks, with which cryptocurrencies have a high correlation.
Bitcoin is losing over 2.2%, trading just below $69K. Intraday dynamics indicate a loss of recovery momentum. A possible failure below $68K will signal the end of consolidation after the rebound. Technically, this will open the way to local lows of $60-63K. At the same time, we still assume that the main scenario will be a prolonged consolidation in the $55-65K range, as this is an area of multiple extremes.
Ethereum is performing slightly worse than the market, losing about 3% and trying to hold on to levels above $2000. Over the past three weeks, the price has fallen below the 50- and 200-week moving averages, indicating a serious bearish sentiment. Last week, the second-largest cryptocurrency by market capitalisation touched the long-term support line of the last four years. A break below this line near $1,600 could trigger a dramatic capitulation of long-term buyers. News Background
According to Google Trends, global user interest in cryptocurrencies has fallen to annual lows. Santiment describes the crowd sentiment as “fiercely bearish.”
The Sharpe ratio for Bitcoin fell to minus 10, to its lowest since March 2023, indicating the final stage of a bear market, according to CryptoQuant. Similar values were recorded at the bottom of the cycles at the end of 2018 and 2022. However, the final phase could last for several months.
Bitwise calls the recent drop in Bitcoin a chance for new investors to buy more coins.
The current drawdown is the weakest in the history of the bear market and reflects only a crisis of confidence among market participants, rather than fundamental problems with the asset, Bernstein notes. Analysts have confirmed their long-term forecast for Bitcoin, with a target price of $150K by the end of 2026.
According to Jefferies, Tether's gold reserves reached 148 tons, with an estimated value of $23 billion. The issuer of the USDT stablecoin entered the top 30 largest gold owners in the world, purchasing 26 tons of the precious metal in the fourth quarter and adding another 6 tons in January. (FxPro)
News
The dollar is losing fans
China is getting rid of US Treasury bonds
The president is actively promoting Kevin Warsh
While the IMF is urging investors not to focus on the dollar's short-term weakness, EURUSD is posting its best daily gain since the end of January. According to the International Monetary Fund, the greenback will retain its power on the Forex market thanks to the size of the US economy, entrepreneurial spirit, and the depth and liquidity of the US capital market. However, confidence in the latter has been seriously shaken, which makes the outlook for the USD index bleak.
The threat to the independence of the Federal Reserve has not gone away. Donald Trump is so keen to promote his own candidate for the position of Fed chair that he is making some surprising statements. According to the president, Kevin Warsh will help boost the US economy by 15%. Over the past five decades, US GDP has grown by an average of 2.8% per year. A 15% growth rate has been extremely rare since the 1950s. The last time it happened was during the pandemic recovery, so he probably just means cumulative growth over several years. Meanwhile, the strength of the US economy is no guarantee of a stronger dollar. The White House intends to accelerate GDP growth through aggressive rate cuts, which will undoubtedly weaken the US currency. At the same time, uncertainty surrounding Donald Trump's policies is prompting some countries to divest from Treasury bonds. Beijing's recommendation to Chinese banks not to buy these securities has catalysed a rally in Treasury yields and the EURUSD.
Even the extremely vulnerable Pound Sterling took advantage of the dollar's weakness. The Bank of England could ease monetary policy as early as March, and a political scandal has erupted in Britain. As a result, Prime Minister Keir Starmer's position has once again become unstable. EURGBP has soared amid this political uncertainty. However, GBPUSD bulls are going on the offensive thanks to shaken confidence in the dollar. Unlike the Pound, Gold has been unable to capitalise on the fall in the USD index. This is an alarming sign for the precious metal.
This is especially true given that so-called smart money is currently on the side of the bears. Hedge funds and asset managers have reduced their net long Gold positions to their lowest since October. (FxPro)
News
Bitcoin has encountered new resistance
Market Overview
The crypto market cap has declined by approximately 10% over the past seven days to $2.36 trillion. Ironically, this appears to be positive news, as it represents a 10% increase from Friday's lows. However, we remain very sceptical about the near future, as the recovery momentum lost steam over the weekend, encountering a sell-off near the $2.4T level. Perhaps we have only seen a bounce on the way down, which is not yet complete.
The sentiment index plunged to 6 over the weekend, repeating the lows of June 18-19 from 2022, and we have only seen this indicator lower on August 22, 2019. By Monday, this indicator had recovered to 14, following the quotes. These are still too low levels for confident purchases.
Bitcoin grew steadily on Friday after crashing at the very beginning of the day, but since Saturday, it has faced resistance near $71K. There is still a huge supply in the markets from those who want to exit the first cryptocurrency on the rebound. In such conditions, it is worth being prepared for a new test of the 200-week moving average soon. News Background
The fall in Bitcoin prices was accompanied by a reduction in liquidity, a surge in volatility, a decline in risk appetite, and an increase in correlation with stock indices. CryptoQuant admits that BTC could fall to $54,600, where the market could move from a phase of capitulation to a phase of accumulation.
Against the backdrop of the crypto market decline, Strategy's net loss for the fourth quarter was $12.6 billion, according to the company's quarterly report, and its operating loss reached $17.4 billion. Strategy CEO Fong Le assured investors that risks to the company's debt servicing would only arise in the event of an extreme drop in BTC to $8,000.
Cardano founder Charles Hoskinson reported unrealised losses of more than $3 billion. He stressed that he does not intend to liquidate positions, even if the market situation worsens.
Bitcoin miners are massively shutting down their equipment due to mounting losses. The BTC mining profitability indicator has fallen to record lows amid a decline in the crypto market and rising electricity prices. JPMorgan estimates the cost of mining to be around $87K.
As a result of the latest recalculation, the difficulty of mining Bitcoin has plummeted by 11.16% to 125.86 T. This is the most significant drop since 2021, when the Chinese authorities banned cryptocurrency mining.
Despite the current negativity, JPMorgan is optimistic about BTC and predicts that in the long term, the first cryptocurrency could reach $266K. Earlier, the bank raised its long-term forecast for gold to $8,000–8,500. (FxPro)
News
Culture
'Welcome To The Blockchain' aka
The Bitcoin Song
Intro
We′re now standing on the precipice of a global revolution
Of economics, of politics, and government
Welcome to the blockchain
verse
Power corrupts, money is power
The power to control the money is one that is now
In the hands of those who pretend we can't function without them
So how can we do something about it? (Huh?)
Working hard to get a raise, lifting that wage up
Inflation takes it like a hidden taxation
Manipulated interest rates to give the banks
A way to create money with the loans that they′re giving out daily (yup)
That means our money is debt
That we gotta pay back more than a hundred percent
No wonder then why the middle class is going under
When the one's above them gotta cover and come to collect
And many have no access to banking
Making payments, or saving, so more fees are taken
And every day the gatekeepers are trying to stop change
We can not wait, welcome to the blockchain
chorus
Welcome to the blockchain
Things are about to change
Open up the gates
Systems get replaced
Bitcoin
Decentralize the trust
Security, transparency
The network's run by us
Bitcoin
verse
Bitcoin is a decentralized ledger
And the currency is its first enterprise ever
Secured by the worldwide incentivized network
Can′t be stolen or controlled by any sized effort
You can send it anywhere and instantly
No one can intervene, no third party in between
There′s no counterfeiting
Algorithms control the outer limits of how many coins can get released
Programmable money, no government can seize it
Payments can be customized by sender and receiver
Contracts can be written cementing your agreements
With terms that can't be bent once you consent then it completes it
Autonomous businesses are possible
Where profit is distributed amongst those adopting it
Paradigm shift we must adjust to the ending
With the blockchain, bitcoin is just the beginning
chorus
Welcome to the blockchain
Things are about to change
Open up the gates
Systems get replaced
Bitcoin
Decentralize the trust
Security, transparency
The network′s run by us
Bitcoin
bridge
Now that we got control
We're not gonna let it go
My people all around the globe
We gotta keep building, building, building
Now that we got control
We′re not gonna let it go
My people all around the globe
We gotta keep building, building, building
chorus
Welcome to the blockchain
Things are about to change
Open up the gates
Systems get replaced
Bitcoin
Decentralize the trust
Security, transparency
The network's run by us
Bitcoin
Writer: Toby Ganger
News
Mining/Energy/Resources/Biz
Rio Tinto dodges merger bullet
Rio Tinto has dodged two 'bullets' due to Glencore's rejection of a merger proposal: a possible BHP takeover bid and a dangerous acquisition. BHP looked closely at whether to bid for Rio Tinto if the latter announced a merger with Glencore. The two companies would make excellent merger partners; amongst others things, their staff and senior people have similar cultures, they are co-operating on future Australian iron ore projects and they are copper joint venture partners in Chile and the US. Meanwhile, there are significance cultural differences between Rio Tinto and Glencore; there is little doubt that Rio Tinto's CEO Simon Trott would have had doubts about a merger once he understood these cultural differences. (RMS)
News/Snapshot
Australian Mining
Global Commodity Rankings
Australia holds some of the world's largest reserves and is a leading producer of several key minerals.
#1 Producer: Iron Ore, Bauxite, Lithium, Rutile, and Zircon.
#1 Reserves: Iron Ore, Gold, Lead, Nickel, Rutile, Uranium, and Zinc.
#2 Producer: Gold, Alumina, and Manganese.
Key Mining Hubs & Major Projects
Western Australia: The nation's "engine room," producing 98% of Australia's iron ore and 60% of its gold. Major sites include the Pilbara (iron ore) and the Super Pit in Kalgoorlie (gold).
Queensland: A global leader in metallurgical coal (Bowen Basin) and silver/lead production (Cannington mine).
South Australia: Home to Olympic Dam, which contains the world's largest single uranium deposit and significant copper and gold reserves.
Major Players
The sector is dominated by several multinational giants and significant domestic players:
BHP: Often ranked as Australia's most valuable company; major interests in iron ore, copper, and coal.
Rio Tinto: A world leader in iron ore (Pilbara) and aluminum.
Fortescue (FMG): Primarily focused on iron ore and rapidly expanding into green energy.
Hancock Prospecting: Australia's largest private mining company, led by Gina Rinehart, the nation's wealthiest person.
South32: Spun out of BHP; manages a diversified portfolio including manganese, silver, and nickel.
2026 Trends & Developments
Critical Minerals Push: The government has introduced a $23 billion package to support domestic processing and manufacturing of critical minerals to reduce global reliance on single-country supply chains.
Uranium Rally: Prices exceeding US$100/lb have sparked renewed interest in Australian prospects like the Kalkaroo project.
M&A Activity: Major merger talks continue between giants like Rio Tinto and Glencore as they seek to consolidate copper exposure for the EV market.
Workforce Challenges: The Minerals Council of Australia is currently calling for migration reforms to address a significant "skills crunch" in the sector.
News
Best Quotes Of The Day
Media Man
Cryptocurrency, Finance and World
"Volatility is Satoshi’s gift to the faithful." - Michael Saylor
"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant
"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss
"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee
"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse
Pop Culture
Dream Matches: Fantasy Booking
The Million Dollar Man vs IRS
Money INC vs Right To Censor
Santa vs Grinch
Bulls vs Bears
Crypto King vs Mr World Bank
Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky
Chris Jericho vs Dirtsheets
NFL vs everyone
Zuffa vs MVP
Netflix vs World
Meta vs Australia
White Light vs Dark Matter
Lexis King vs NIL's (WWE NXT)
Volk vs Naysayers (UFC: Sydney, Australia)
Brock Lesnar vs Everyone! (WWE Royal Rumble)
Roman Reigns vs CM Punk (WWE WrestleMania)
Green vs The Coal Miners Daughter
AC/DC vs Swifties
Triangle v World Bank
Sarah's Oil vs Big Oil
Mr X vs Mr VOX
Mr X vs Mr Platformer
Mr FOX vs Mr Vice
Fox And The Hound vs The View
The Masked Superstar vs Mr Jones
The Undertaker vs Mankind
UFC Legends vs Father Time
Vinnie Vegas and Oz vs Los Americanos
NXT GM vs The Don
Mr Moneymaker vs Mr Regulator
Mr Blockchain vs Mr EU
WWE Unreal vs The Old Guard
Reality TV vs John Pilger Type Journalism and Docos
Mr Real Deal vs Mr Grifter
Mr Truth vs Mr Shock Jock
Mr X vs Mr Bluesky: Rematch
WWE Wrestlers vs NFL Super Bowl Players
Logan Paul and Bad Bunny vs Jake Paul and The Don - Special ref: Damian Priest
Kelly Gang vs Snow White Clan
BKFC vs PFL vs ONE
Mr Sky vs Mr Vice
Team Ice Man vs Mr Freeze vs Team Snowflake
Marvel Universe vs DC Universe vs Monster Universe
Repo Man vs The Masked Man
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