「$10M Profit Whale」 Suspected of Accumulating 6000 ETH in a Transaction, with an Average Price of $1582

February 2nd – Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), said the HKMA has received stablecoin license applications from 36 institutions and plans to grant the first batch of licenses in March. Hong Kong’s “Stablecoin Ordinance” took effect officially on August 1st last year, establishing a licensing regime for fiat-backed stablecoin issuers. Yue noted the HKMA is actively reviewing these applications and has asked some applicants for additional information, including details on specific use cases, risk management measures, and reserve asset composition. The number of institutions receiving the first batch of licenses will be “definitely limited.” The HKMA will follow a prudent, thorough approach, strengthen its regulatory framework for virtual asset activities, and advance financial innovation while safeguarding financial stability.

February 2nd — Per LookOnChain monitoring data, Ethereum whales are leveraging flash loans to expand their ETH holdings. On this day, two addresses dormant for 5 years deposited 44,490 ETH (valued at $98.3 million) into Aave, borrowed 104 million USDT, and used the borrowed capital to acquire an additional 45,319 ETH at an average price of $2,295 per ETH.

On February 2nd, MLM Monitor reported that an address suspected of being affiliated with Multicoin Capital accumulated 355,000 HYPE tokens last week, valued at $40.8 million.

On Feb. 2, Elon Musk announced that Grok Imagine 1.0 has now been fully released. Grok Imagine 1.0 is xAI’s latest AI-generated audiovisual tool, delivering 10-second 720p videos with a notable boost to audio quality. In its first 30-day trial window, users have already created over 1.245 billion videos using the platform.

On February 2, HTX market data shows Bitcoin has rebounded above $76,000, with its 24-hour decline narrowing to 3.5%.