Karatage Hedge Fund Appoints IMC Veteran Shane O'Callaghan as Senior Partner

Rosen Law Firm is investigating potential securities claims against holders of Balancer (BAL) tokens, citing allegations that the DeFi protocol may have shared misleading business information with the public. The probe stems from a November 3 Bloomberg report detailing a hack of Balancer that resulted in the theft of over $100 million in digital assets. Security firms PeckShield and Cyvers estimate the total loss from the incident at approximately $128 million. Rosen is currently preparing to file a class-action lawsuit to recover investors’ losses.

On February 9, per GMGN monitoring, Solana ecosystem meme coin PIPPIN has been climbing since early yesterday. Its market cap has jumped from roughly $180 million to $290 million, currently trading at ~$0.292—up 54% over the past 24 hours. Prior to that, the token saw a steady decline between Jan. 28 and Feb. 1, hitting a low of $0.15. BlockBeats advises users that meme coin trading is extremely volatile—often fueled by market sentiment and speculative hype—and lacks real-world value or utility. Investors should exercise caution.

On February 9, Wall Street investment bank Jefferies released a report noting that stablecoin issuer Tether has continued to expand its gold holdings. As of January 31, Tether’s gold reserves had risen to approximately 148 metric tons—valued at roughly $23 billion at current prices. The stockpile surpasses that of many sovereign nations and ranks among the world’s top 30 gold holders. The report details: - Tether added ~26 tons of gold in Q4 2025. - It purchased another ~6 tons in January 2026. - Its quarterly gold purchase volume is second only to a handful of central banks (including Poland and Brazil). Currently, Tether’s reserves exceed those of Australia, the UAE, Qatar, South Korea, and Greece. Jefferies emphasized the gold primarily backs Tether’s U.S. dollar stablecoin USDT and its gold-backed token XAUT. Since Tether is privately held, its disclosures are minimal—meaning actual holdings may be higher than reported. Tether CEO Paolo Ardoino previously state

**Feb 9th Update** Coin Bureau CEO Nic noted Bitcoin has closed below its 100-week moving average for the third straight week. The crypto is currently trading below its long-term trend line for 13 consecutive days. Historical data shows BTC typically stays below the long-term trend line for an average of 267 days once it drops below it. The shortest such stretch was 34 days during the COVID-19 pandemic. Per historical trends, the market is more likely to linger at low levels for an extended period. A quick rebound remains possible, but the longer Bitcoin stays low, the less probable that outcome becomes.

Binance announced on February 9 that it will delist the following trading pairs at 16:00 UTC+8 on February 10: ARDR/BTC, BB/BNB, BB/BTC, BERA/BTC, DIA/BTC, FLUX/BTC, GALA/FDUSD, GPS/BNB, GRT/FDUSD, GUN/FDUSD, ICP/ETH, ICX/BTC, KAITO/FDUSD, KERNEL/BNB, MANA/ETH, NOM/FDUSD, REQ/BTC, XNO/BTC, YGG/BTC, and ZRO/BTC.

On February 9, French public firm Capital B announced it had added 5 bitcoins to its holdings, bringing its total to 2,828.