- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volume and 24-Hour Price Change:
- BTC: +1.96%
- ETH: +0.07%
- BNB: -1.46%
- WLFI: +1.69%
- SOL: -0.56%
- PSG: -0.75%
- DOGE: -1.65%
- ATM: +2.22%
- CITY: +0.19%
- JUV: -2.76%
24-Hour Price Increase Rankings (Data Source: OKX):
- ICX: +14.12%
- BERA: +11.78%
- TOSHI: +7.02%
- SWFTC: +4.41%
- SONIC: +4.29%
- HYPE: +4.19%
- LQTY: +3.53%
- SPK: +3.36%
- MAGIC: +3.14%
- BABY: +2.59%
24-Hour Stock Price Increase Rankings (Data Source: msx.com):
- SQQQ: +7.57%
- NIO: +5.18%
- LITE: +4.61%
- GILD: +2.91%
- MKSI: +2.76%
- ARM: +2.74%
- CSCO: +1.48%
- COST: +1.27%
- BE: +1.26%
- MRK: +1.2%
- On-Chain Popular Memes (Data Source: GMGN):
- WhiteWhale
- USELESS
- Buttcoin
- PENGUIN
- WAR
Headlines
U.S. Treasury Secretary Basant stated that gold appears to be in a typical speculative sell-off; the cyclical components of the market are in an expansion phase; and the Federal Reserve is not expected to take any swift action on the balance sheet. He believes that Waller will be very independent.
Bithumb Completes Bitcoin Misallocation Incident and Initiates User Compensation
According to Bithumb's announcement, the platform has completed all handling of the previous Bitcoin misallocation incident and confirmed that as of February 7, 2026, 22:42:52, user Bitcoin (BTC) assets have achieved over 100% asset consistency. Bithumb stated that approximately 99.7% of the misallocated Bitcoin was recovered on the day of the incident, and the remaining 0.3% (1788 BTC) that had been sold has been supplemented by the company's own assets to ensure that user assets are unaffected.
The announcement shows that all cryptocurrency asset reserves held by Bithumb, including BTC, are completely consistent with or exceed user holdings. The platform also released a timeline for the incident handling and announced that starting from February 8, it will initiate user compensation measures in batches, including providing 20,000 won compensation to online users during the incident, refunding the price difference to users who sold at a low price and additionally paying a 10% consolation fund, and offering a 0% trading fee discount for all varieties for 7 days starting from February 9.
Previous news: Bithumb mistakenly airdropped a total of 620,000 BTC last night, and has now recovered 99.7% of it
Data: Despite Silver's Plunge, Retail Investors Double Down
Despite the sharp drop in silver prices, which nearly erased the remarkable gains from the beginning of the year, retail investors still poured nearly $500 million into the silver market over the past week. According to data analysis from Vanda Research, as silver prices plummeted, retail investors invested $430 million into the largest silver ETF SLV over six trading days ending Thursday, including over $100 million on January 30, when silver prices fell by 27%, marking the largest single-day drop in history. StoneX analyst Rona O'Connell stated, "People are attracted to the allure of silver." She also mentioned that the appeal of silver has been further enhanced by its "massive sell-off," with some investors viewing it as a good opportunity to buy at lower prices.
Trader Eugene reviewed the market situation from last week, stating that from a high time frame (HTF) market structure perspective, there are still significant issues. Although $60,000 for Bitcoin can still be seen as a reasonable support level, he noted that the lesson learned from the previous cycle is: never blindly go all-in long without stop-loss protection.
Eugene pointed out that in a bull market, the market often behaves more crazily than expected, while in a bear market, declines are usually more severe than anticipated. He admitted that it is still unclear where the bottom of the bear market is and whether Bitcoin has bottomed at $60,000, but emphasized that "survival is always the top priority." He advised traders to assess the risk of each operation individually and to implement stop-loss strategies to guard against further market declines.
Analysis points out that the prosperity of the U.S. prediction market is built on an unstable foundation, mainly benefiting from regulatory arbitrage opportunities. For example, there are currently no well-established systems in various U.S. states to regulate user participation in sports betting through prediction markets. Dune Analytics data shows that in 2025, sports-related transactions accounted for about 85% of Kalshi's trading volume, while Polymarket accounted for about 39%. Devin Ryan, head of financial technology research at Citizens Bank, believes that the market needs to establish comprehensive integrity rules, and that trading volume in non-sports markets needs to increase. Currently, the market size for predicting January's CPI inflation data on Kalshi is less than $1 million, and the market size for predicting core inflation is less than $30,000, which is insufficient liquidity to attract institutional participation.
Additionally, the U.S. prediction market currently exhibits characteristics of "fragile prosperity," with growth primarily relying on regulatory gray areas and significant marketing investments. If regulations tighten or user interest declines, growth may come under pressure. There is also a certain degree of regulatory game-playing, as U.S. prediction markets typically claim to be event contract trading regulated by the Commodity Futures Trading Commission (CFTC), but state regulatory agencies take a more cautious stance, and related legal disputes may ultimately reach the Supreme Court for resolution.
Industry News
Strategy Expert: Strategy Will Never Stop Buying BTC
Strategy Bitcoin strategist Chaitanya Jain posted on the X platform stating that they will never stop buying BTC.
Coinglass data shows that the Coinbase Bitcoin Premium Index has been in negative premium for 25 consecutive days, currently reported at -0.0864%. So far in 2026, there have only been two days with positive values, specifically 0.011% on January 6 and 0.0023% on January 15.
The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing capital flows in the U.S. market, institutional investment enthusiasm, and changes in market sentiment. A positive premium indicates that the Coinbase price is higher than the global average, usually meaning: strong buying pressure in the U.S. market, active entry of institutions or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, usually reflecting: significant selling pressure in the U.S. market, decreased risk appetite among investors, increased market risk aversion, or capital outflows.
Project News
Prediction Market Kalshi Confirms "Giannis" Holds Less Than 1% Stake
NBA Milwaukee Bucks star "Giannis" Antetokounmpo previously announced that he has become a shareholder of the prediction market platform Kalshi, regulated by the U.S. Commodity Futures Trading Commission (CFTC). According to a spokesperson from the company, "Giannis" holds less than a 1% stake, but specific shareholding data has not been disclosed, nor has the actual shareholding ratio been clarified. However, based on Kalshi's recent valuation of $11 billion, a 1% stake would be worth $110 million.
Tether Has Invested Its Stablecoin Profits in 140 Projects and Plans to Expand Its Workforce to 450
Tether has invested its stablecoin business profits in 140 projects spanning from agriculture to sports and plans to expand its workforce to 450.
Investment and Financing
On-chain interoperability infrastructure Relay announced on the X platform that it has completed $17 million in Series B financing, led by Archetypevc and USV. Additionally, Relay will launch the Relay Chain, built specifically for instant cross-chain settlement.
Regulatory Trends
CFTC: Allows National Trust Banks to Issue Stablecoins Under the GENIUS Act Framework
The U.S. Commodity Futures Trading Commission (CFTC) has expanded stablecoin regulations, allowing national trust banks to issue tokens pegged to the U.S. dollar under the GENIUS Act framework.
Illinois Proposes Bill to Establish State-Level Bitcoin Reserves
Bitcoin.com News reported on the X platform that Illinois introduced the "Community Bitcoin Reserve Act" earlier this week. The bill aims to establish a state-operated project that holds Bitcoin through multi-signature cold storage, initially setting up the Altgeld Bitcoin Reserve. According to the bill, the reserved Bitcoin can only be traded or sold with new legislative authorization.
Crypto journalist Eleanor Terrett revealed that the White House will hold a new round of cryptocurrency meetings next Tuesday, focusing on the issue of stablecoin yields. This meeting is the second round of a series and will still be at the staff level, with no invitations extended to corporate CEOs, but senior policy personnel from several banks will attend for the first time.
Sources indicate that major banks such as Bank of America, JPMorgan, and Wells Fargo have received invitations, and Citibank, PNC Bank, and US Bank may also participate; banking representative organizations include the Bank Policy Institute, the American Bankers Association, and the Independent Community Bankers of America.
Reports suggest that banks hope to limit crypto companies from paying interest to stablecoin holders, fearing that high-yield accounts could attract deposit outflows and affect loan funding supply. Crypto companies argue that this stance would weaken competition and stifle innovation. Scott Basant stated this week that deposit volatility is undesirable and that efforts will be made to avoid deposit instability caused by stablecoin yield payments.
This meeting is related to the advancement of the "Cryptocurrency Market Structure Act" (CLARITY Act). Patrick Witt, executive director of the White House cryptocurrency committee, has urged all parties to reach a consensus by the end of this month.
Voices
Arthur Hayes: HYPE Will Outperform Any Altcoin with a Market Cap Over $1 Billion in 2026
Arthur Hayes posted on the X platform in response to Kyle Samani's comments that HYPE is underperforming, proposing a wager. Arthur Hayes predicts that from February 10, 2026, 00:00 UTC to July 31, 2026, 00:00 UTC, HYPE's performance in USD will outperform any altcoin with a market cap over $1 billion on CoinGecko. The loser must donate $100,000 to a charity designated by the winner.
Vitalik: Algorithmic Stablecoins Are True DeFi
Vitalik Buterin posted on the X platform stating that algorithmic stablecoins belong to true DeFi. He believes that if there are high-quality algorithmic stablecoins backed by ETH, even if the majority of liquidity is supported by CDP holders with negative algorithmic dollars, the ability to transfer counterparty risk to market makers remains an important feature. Even if algorithmic stablecoins are backed by RWA, ensuring sufficient collateral through over-collateralization and diversified allocation in case a single RWA fails is also an effective improvement in risk characteristics for holders. He pointed out that the industry should develop in these directions and gradually move away from using the dollar as a pricing unit, shifting towards more universal diversified indices. Additionally, the current operation of depositing USDC into Aave does not fall into the aforementioned category.
Tom Lee, chairman of Bitmine, stated in an interview that Ethereum has experienced seven corrections of over 60% in the past eight years, each followed by a rapid recovery. He noted that these trends typically manifest as a significant drop followed by a quick rebound.
Tom Lee also mentioned that if the current crypto market is indeed in a bottom-building phase, there is a possibility based on some market performances, referring to Strategy's recent approximately 25% rebound as one of the factors to observe. He stated that historical experience shows such recoveries often exhibit rapid repair characteristics.
Robert Kiyosaki, author of "Rich Dad Poor Dad," responded on the X platform to community doubts regarding his previous claim of "stopping further accumulation near $60 silver, $6,000 Bitcoin, and $300 gold." He stated that he is clear about his Bitcoin purchase cost (around $6,000) but does not focus on specific purchase dates, criticizing detractors for questioning the authenticity of his statements based on timing. Robert Kiyosaki further questioned the motives of some community users who overly focus on purchase dates, stating that he is more concerned with the price range and long-term value of assets. If Bitcoin's price falls back to $6,000 in the future, he still plans to continue buying without worrying about the specific timing. He also revealed that he is preparing to increase his gold holdings, focusing more on the results of asset allocation, such as the amounts of Bitcoin, gold, silver, and Ethereum held, rather than the specific acquisition times. Investors should avoid associating with those who overly focus on acquisition dates while neglecting asset value and price itself, and should develop a long-term value-oriented investment mindset.
Bitwise advisor Jeff Park reviewed the sharp decline in Bitcoin and the crypto market on February 5, believing that this volatility is more likely triggered by risk deleveraging in the traditional financial system and derivative mechanisms, rather than the crypto industry's fundamentals or a single "black swan" event.
Jeff Park pointed out that on that day, Bitcoin ETFs, especially IBIT, experienced record trading volumes and options trading activity, with options trading predominantly leaning towards bearish directions. At the same time, Bitcoin's price movements had been highly correlated with software stocks and other risk assets in the previous weeks. February 4 was marked by Goldman Sachs' prime brokerage (PB) department as a day of extreme drawdown for multi-strategy funds, leading to rapid and indiscriminate deleveraging requirements that affected Bitcoin-related positions and further amplified the declines on February 5.
He analyzed that although the price dropped over 13% within two days, the market originally expected a large outflow of ETF funds, but actual data showed that Bitcoin ETFs recorded net subscriptions instead, with IBIT adding approximately 6 million shares, increasing its scale by over $230 million. This indicates that the selling pressure mainly came from "paper funds" and non-directional trading related to hedging and market making, rather than long-term capital outflows.
Jeff Park further hypothesized that multi-asset portfolios were forced to deleverage in a high-correlation environment, which included hedged Bitcoin risk exposure; rapid unwinding of options and basis trades triggered a short gamma effect, forcing counterparties to sell IBIT during the decline, thereby exacerbating volatility, but did not result in substantial long-term capital outflows. As some neutral strategies began to rebuild positions on February 6, Bitcoin's price rebounded.
He concluded that this round of decline is more likely the result of the resonance between risk management in the traditional financial system and derivative mechanisms, rather than a structural deterioration in the crypto market itself. The changes in ETF net flows in the following days will become an important observation indicator for determining whether there is new long-term demand.
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