BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

**February 7th** LookOnChain monitoring found that the 0xcA0-prefixed address tied to the "BTC OG Insider Whale" (agent Garrett Jin) shared the same Binance deposit address as Trend Research, which operates under Eary Huah. On-chain data details the following moves: - One day prior, the Trend Research address transferred 7.989 million USDT to the 0xcdF-prefixed address, then sent the funds to Binance’s 0x28C-prefixed hot wallet. - Two hours earlier, the "BTC OG Insider Whale" sent 10,000 ETH to the identical 0xcdF-prefixed address, before shifting the assets to the same 0x28C-prefixed Binance hot wallet. LookOnChain did not offer further interpretation. However, Binance deposit addresses are typically user-specific—especially hot deposit addresses used for large sums. While "coincidence" or "address reuse" (via a common funding source or OTC channel) is possible, the odds of two independent whales/institutions using the exact same deposit address are extremely low under nor

On February 7, Chris Dixon—partner at a16z and head of a16z Crypto—posted a social media article titled *The Long Game of Cryptocurrency*. He pushed back against two prevalent claims: that crypto’s non-financial use cases are dead, and that the “read-write-own” model has failed. Both, he argued, misinterpret crypto’s core thesis and misjudge its developmental stage. Dixon noted blockchain’s core innovation is a new primitive: the ability to coordinate labor and capital at internet scale, embed ownership directly into systems, and increasingly orchestrate AI agents. “We’re in blockchain’s financial era,” he said—but this was never meant to be the only phase, nor was finance a side note. Finance is the natural proving ground for the primitive’s value, serving as the foundation for all other applications. At a16z, the firm takes a long-term view: its fund structure is built for a 10+ year horizon, as building new industries requires time and careful sequencing. Infrastructu

On February 7th, trader Eugene Ng Ah Sio shared on his personal channel that current price action suggests things are unfolding smoothly. The long position he entered yesterday looks perfectly timed in hindsight, matching the strong rebound he was looking for—signaling $60,000 has formed solid bottom support. He’ll keep an eye on developments but sees upside potential ahead.

February 7th — Per Onchain Lens monitoring, a whale address recently deposited 2.5 million USDC into HyperLiquid and opened a 10x leveraged long position on ETH. This investor has previously sustained losses exceeding $2.568 million.

**CSRC Issues 2026 No. 1 Guidance on Overseas Tokenized ABS Backed by Domestic Assets** On February 7, the China Securities Regulatory Commission (CSRC) released Document No. 1 [2026] — *Regulatory Guidance on Overseas Issuance of Asset-Backed Securities Tokenization Backed by Domestic Assets* (hereafter the “Guidance”) — which took effect immediately upon release. The Guidance imposes strict oversight on overseas-issued Real World Asset (RWA) tokenized products backed by domestic assets, particularly those resembling asset-backed securities (ABS). This falls under CSRC’s “strict overseas regulation” framework, aimed at curbing speculative trading, cross-border risks, and illegal financial activities. ### Key Details: 1. **Definition**: The guidance defines such activities as issuing tokenized equity certificates overseas via encryption, distributed ledger, or similar technologies, with repayment supported by cash flows from domestic assets or related asset rights. 2. **C

February 7th. According to official sources, Bithumb has issued a follow-up announcement about its "Bitcoin Airdrop" event. The platform stated that yesterday during reward distribution, an input error in the Bitcoin amount caused some customers to receive a large Bitcoin airdrop. Using its internal system for detecting abnormal transactions, Bithumb restricted trading and withdrawals for 695 customers within 35 minutes of the erroneous transfer. Over 99% of the erroneous funds have been recovered, minimizing customer losses with swift action. Recovery of the remaining unrecovered assets is ongoing. Details are as follows: · Erroneous transfer amount: 620,000 BTC (2.95% of total Bitcoin supply) · Amount recovered: 618,212 BTC (approximately 99.7% of the total) · 93% of the 1,788 BTC that was sold, plus equivalent assets (KRW and other virtual assets), has also been recovered · (Confirmed: the erroneously transferred Bitcoin was not sent to external addresses) BlockBeats