Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

February 7th Donald Trump’s Truth Social account recently shared a video containing election fraud conspiracy theories. The clip concluded with an image of a monkey insulting the Obamas, prompting strong bipartisan condemnation—including from Republican Senator Tim Scott, who labeled it “the most racist behavior from the White House.” In response, White House officials said the video was mistakenly shared by staff and has been removed.

On February 7, the Securities and Futures Commission (SFC) of Hong Kong held the third meeting of its Digital Asset Steering Group, where it discussed future regulatory developments for digital assets in Hong Kong with licensed virtual asset trading platforms. The meeting addressed plans to strengthen the digital asset ecosystem, including boosting liquidity for licensed virtual asset trading platforms and expanding regulatory measures for product and service types. Dr. Carlos Leung—Executive Director of the SFC’s Investment Products Division and Chair of the Digital Asset Steering Group—noted that balancing innovation and investor protection is critical. The commission is committed to fostering a thriving, sustainable digital asset market in Hong Kong, ensuring regulatory policies are practical, effective, and appropriate.

Feb. 7 — Per Onchain Lens monitoring, the "BTC OG Insider Whale" deposited an additional 4,200 BTC to Binance just two minutes ago, with the crypto valued at roughly $285 million.

**February 7th** South Korean crypto exchange Bithumb has issued updates on its accidental Bitcoin airdrop incident: The platform has reported the matter to all relevant authorities and is fully cooperating with the Financial Services Commission’s (FSC) investigation. Bithumb says it will prevent human errors from escalating into accidents through robust systems and processes. The company will take full responsibility for customer losses: A sharp market price drop triggered panic selling under unfavorable conditions for users, and Bithumb will fully compensate affected customers—including additional compensation. Estimated losses total approximately 1 billion Korean won ($680,000). Bithumb also plans to establish a permanent 100 billion Korean won Customer Protection Fund to immediately safeguard customer assets in case of future accidents. In related news, Bithumb confirms it mistakenly airdropped 3% of Bitcoin’s total supply to users. It has recovered 99.7% of the airdr

On February 7, trader Eugene Ng Ah Sio posted on his personal channel that the BTC OG insider whale—whom Eugene believes to be Garrett Jin—has begun liquidating his BTC position. Not wanting to be this whale’s bag holder (Exit Liquidity), he liquidated his position again. The market has gotten extremely tough. Going forward, I’ll only act on trading opportunities with a very clear risk-reward ratio. This year’s dip buy was okay, but the result could’ve been much better.

On February 7, official sources confirmed that Coinbase has added Superform (UP) to its listing roadmap.