Organized by: Cora, Techub News
**TinTinLand
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Fear and Greed Index: 8 (Extreme Greed)
Bitcoin Price: $69,138
BTC/ETH Spot ETF Fund Flow (2.6)
BTC Net Inflow: $330.67 M
ETH Net Outflow: $21.37 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (2.6)
BTC Net Subscription/Redemption: 0 BTC
ETH Net Subscription/Redemption: 0 ETH
The Hong Kong Securities and Futures Commission held its third digital asset consultation group meeting to discuss the future regulatory developments of digital assets in Hong Kong with licensed virtual asset trading platforms. The meeting discussed plans to strengthen the digital asset ecosystem, including enhancing the liquidity of licensed virtual asset trading platforms and further expanding regulatory measures for product and service types. Dr. Yip Chi-hang, Executive Director of the SFC's Institutional Department and Chairman of the Digital Asset Consultation Group, stated that it is crucial to strike a balance between innovation and investor protection, and he is committed to promoting the establishment of a prosperous and sustainable digital asset market in Hong Kong, ensuring that regulatory policies are pragmatic, effective, and appropriate.
Consensus Hong Kong 2026 Surrounding Event Guide
Hosted by CoinDesk, Consensus Hong Kong 2026 will be held from February 10 to 12 at the Hong Kong Convention and Exhibition Centre.
Regulation/Macro
Insiders: Eurozone Finance Ministers to Discuss Issuing Euro-denominated Stablecoins
Insiders say that Eurozone finance ministers will discuss issuing euro-denominated stablecoins and enhancing the euro's monetary status through more joint EU debt.
US CFTC: National Trust Banks Can Be Approved Issuers of Payment Stablecoins
The U.S. Commodity Futures Trading Commission (CFTC) has reissued CFTC Staff Letter No. 25-40, making limited revisions to the definition of "payment stablecoins." The revised terms explicitly state that national trust banks can be approved issuers of payment stablecoins.
The U.S. Marshals Service is facing intense scrutiny after approximately $24.9 million was stolen from a federal cryptocurrency wallet it manages in 2024. According to ZachXBT, suspect John Daghita inadvertently revealed on Telegram that he controlled the stolen funds, and John is suspected to be the son of Dean Daghita, CEO of Command Services and Support (CMDSS), which had received a $4 million contract from the Marshals Service in 2024 to assist with the sale of cryptocurrency for the U.S. Bitcoin Reserve.
The EU High Representative for Foreign Affairs and Security Policy, Josep Borrell, stated that there will be a ban on the Russian central bank digital currency.
Crypto In America reporter Eleanor Terrett cited insiders saying that the next round of talks between the White House and cryptocurrency institutions regarding stablecoin yield issues is scheduled for Tuesday. This meeting will still involve bank staff, but in addition to bank representatives, representatives from the banks themselves and industry associations will also attend.
The China Securities Regulatory Commission has issued regulatory guidelines on asset-backed securities tokens issued overseas for domestic assets. The guidelines state that the CSRC will strictly regulate asset-backed securities tokens issued overseas for domestic assets in accordance with the law. Before conducting related business, the domestic entity controlling the underlying assets must file with the CSRC and submit a filing report, complete overseas issuance materials, and fully explain information about the domestic filing entity, underlying asset information, and token issuance plans. The domestic filing entity and its controlling shareholders, actual controllers, directors, supervisors, senior management, and relevant intermediaries must ensure that the filing materials provided are true, accurate, and complete, without false records, misleading statements, or significant omissions.
The People's Bank of China, the National Development and Reform Commission, the CSRC, and other eight departments jointly issued a notice on further preventing and addressing risks related to virtual currencies (Yin Fa [2026] No. 42). This notice clarifies that virtual currencies do not have the same legal status as legal tender, and conducting virtual currency exchange, token issuance financing, and derivative trading activities within the territory is illegal financial activity and is strictly prohibited. The notice also defines real-world asset (RWA) tokenization as the activity of converting asset rights into tokens using cryptographic technology, emphasizing that conducting RWA tokenization and providing intermediary and technical services illegally within the territory is illegal financial activity and should be prohibited.
Project/Company Updates
Bithumb apologized for the Bitcoin misdelivery incident, stating that it has reported to all relevant departments and is fully cooperating with the investigation by the Financial Supervisory Service. The team will implement comprehensive systems and processes to prevent human errors from escalating into incidents. Currently, Bithumb has taken innovative measures to strengthen its internal control system to prevent similar incidents from occurring again, including enhancing asset verification systems, improving multi-payment systems, strengthening abnormal transaction detection and automatic interception AI systems, and commissioning professional institutions for external system audits.
NASDAQ-listed SOL treasury company Upexi announced that it has reached a final agreement with an institutional investor to sell and issue 6,337,000 shares of common stock and an equal number of warrants at a price of $1.17, raising a total of approximately $7.4 million. This issuance is expected to be completed around February 9, and the funds raised will be used for working capital, general corporate purposes, and the internal management of SOL's maximum return strategy.
Arweave Network Has Not Produced a Block for Over 24 Hours
According to ArScan data, the Arweave network has not produced a new block for over 24 hours. The latest block was generated on February 6 at 11:18:15.
Cryptocurrency-friendly bank Erebor Bank has become the first newly established bank to obtain a national charter during Trump's second term. The bank has a startup capital of $635 million and claims it will fill the market gap left by the collapse of Silicon Valley Bank. The bank was founded by early Trump supporter Palmer Luckey from the tech industry, with investors including Lux Capital, a16z, 8VC, Elad Gil, and Peter Thiel's Founders Fund.
The AI platform ai.com, founded by Crypto.com co-founder and CEO Kris Marszalek, has announced the launch of a consumer-facing autonomous AI agent service.
MegaETH Foundation: Will Use USDM Earnings to Repurchase MEGA
The MegaETH Foundation announced that it will use the earnings generated from the USDM stablecoin to fund the MEGA token repurchase plan. Additionally, the MegaETH Foundation outlined three key performance indicators (KPIs), including stablecoin circulation and application adoption targets, which can independently trigger MEGA token generation events.
Galaxy Board Approves $200 Million Stock Repurchase Plan
Galaxy Digital announced that its board has approved a stock repurchase plan, authorizing the repurchase of up to $200 million of Class A common stock. The share repurchase plan is for a period of 12 months and may be suspended or terminated at any time, with no obligation for the company to repurchase any amount of common stock.
21Shares Submits S-1 Registration Filing for Ondo ETF to the U.S. SEC
Documents disclosed by Bloomberg senior ETF analyst Eric Balchunas show that 21Shares has submitted an S-1 registration filing for the Ondo ETF to the U.S. SEC.
In-Depth & Outlook
The Two-Year Turbulent Journey of RWA in China: From Frenzy to Ban and Then to Reopening
One document is the notice jointly issued by the People's Bank of China, the CSRC, and eight other departments titled "Notice on Further Preventing and Addressing Risks Related to Virtual Currencies," which clearly categorizes domestic RWA tokenization activities as suspected illegal financial activities and prohibits them. The other document is the regulatory guidelines issued by the CSRC on "Asset-Backed Securities Tokens Issued Overseas for Domestic Assets," which opens a compliant "front door" for overseas issuance under a filing system.
Outrageous Operation Ceiling! Bithumb Mistakenly Issues 620,000 BTC
On the evening of February 6, Bithumb made a fatal operational error during the distribution of event rewards, mistakenly issuing a total of approximately 620,000 bitcoins to 695 users. Based on the then price of $66,000, the total value reached as high as $40.92 billion—an amount sufficient to render this leading exchange instantly insolvent. Fortunately, as of now, the platform has recovered 99.7% of the mistakenly issued BTC, temporarily curbing a full-blown crisis.
Opinions
Cryptocurrencies Without Compound Interest Can't Outperform Stocks?
The issue lies not in the technology itself, but in the economic model of the tokens. Today's blockchain networks merely transfer value rather than accumulate and reinvest for compound interest. However, this situation will eventually change: regulations will continue to improve, governance will mature, and some protocol will find a way to retain and reinvest value like excellent companies do. When that day comes, tokens will essentially become stocks, aside from their names, and the engine of compound interest will officially start.
Forbes Editorial Team, The Most Accurate Short Signal in the Crypto Circle?
Bull markets do not end in panic. Bull markets end on the cover. However, the big names on the cover can change, but the long bear market is always on my tab.
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