Crypto Morning Post 02/08 | 中国 China RWA New Regulations Landing| Musk: Fiat will become a barrier| The giant whale topped the list with 350 million US dollars TL; DR (too long to read): Is Eastern power returning? Eight Chinese ministries have jointly issued new regulations on virtual currencies, clarifying the definition of RWA (Real World Assets) and requiring overseas tokenization registration, which may be a charge for compliant funds to enter the market. Musk's ultimate deduction: Musk bluntly stated that once the "solar energy+robots+chips+AI" form a closed loop, what really matters is only power and output, and the traditional dollar system will actually hinder efficiency. Shocking and Misconduct: Bithumb mistakenly sent 620000 BTC (although it has been recovered), causing panic, coupled with the massive whale Garrett Jin recharging $351 million BTC to Binance, the market's speculation of selling pressure has not dissipated. The main text is as follows: Crypto Breakfast | February 8th 1. Iranian Foreign Minister, the second round of Iran Latin America negotiations will be held in the coming days. At the same time, it is stated that the possibility of war always exists, and Iran is prepared to prevent war from happening. 2. Musk: Once solar power generation, robot manufacturing, chip manufacturing, and AI form a closed loop, traditional currencies will become obstacles instead. What truly matters is only the power generation and output, not the US dollar. 3. Eight Chinese ministries jointly issued new regulations on virtual currencies, clarifying the definition of RWA and requiring overseas tokenization registration. 4. The Bithumb exchange mistakenly issued 620000 bitcoins and has recovered 99.7%, causing a brief market panic but quickly resolving it. Bitcoin whale Garrett Jin deposited 5000 BTC (worth $351 million) into Binance within two hours yesterday. Arthur Hayes analyzes whether the Bitcoin collapse may be due to traders using IBIT structured products for hedging. VanEck analyzes the five major factors contributing to the collapse of cryptocurrency: deleveraging, miner selling, fading AI boom, quantum computing risks, and four-year cycle psychology. The founder of http://(Crypto. com) acquired the http://(AI. com) domain for $70 million. It is estimated that related AI products are coming soon. 8. ENS Labs abandons Namechain L2 and fully moves ENSv2 to the Ethereum mainnet. MegaETH announced that its mainnet will be launched on February 9th, using USDM earnings to repurchase MEGA tokens. 10. Polymarket applies for POLY and POLY trademarks, and collaborates with Circle to upgrade USDC settlement. 11. White House and crypto/banking executives meeting to discuss the Clarity Act, focus on stablecoin returns, or accelerate regulatory progress. Bitcoin market analysis: Bitcoin has been working hard to repair over the weekend, and this sharp decline will take a long time to recover, so the market is expected to take a long time. Once the encryption bill is passed, market confidence may be fully restored. At present, Bitcoin is fluctuating around $70000. As long as it does not continue to sell at the opening tomorrow, the market will stabilize and then continue to rebound after a weak adjustment. But if the institutional sell-off is not over, panic will continue. Bitcoin's 4-hour weak rebound trend will depend entirely on whether institutions have sold off and whether institutional hedging and other risks have been fully resolved tomorrow. [Risk Reminder] Digital assets have significant fluctuations and extremely high risks. Please participate with caution, avoid full positions, and refuse loan leverage;