On February 12, 2025, notable developments in the cryptocurrency market occurred as Bitcoin reached a price of $96,000, reflecting a decline of approximately 2% amid concerns over upcoming Consumer Price Index (CPI) data and Federal Reserve Chair Jerome Powell's remarks on monetary policy. Bitcoin exchange-traded funds (ETFs) experienced substantial outflows, with $56.76 million in net outflows reported on February 11, primarily driven by Fidelity's FBTC and Franklin's EZBC. In contrast, Ethereum ETFs showed resilience, reversing previous losses with a reported increase of $13 million. Additionally, Trump nominated Brian Quintenz, head of policy at Andreessen Horowitz (a16z), as the new chair of the Commodity Futures Trading Commission (CFTC), marking a significant move in crypto regulation. The World Liberty Financial Initiative, also backed by Trump, announced a new macro strategy aimed at diversifying holdings across tokenized assets. Meanwhile, memecoins have reportedly escaped scrutiny from the SEC, according to Commissioner Hester Peirce, providing some relief to investors in that sector.