IG Group Completes Acquisition of Cryptocurrency Exchange Independent Reserve

February 5th: Per DeFiLlama data, Binance recorded a $50 million net inflow in the past 24 hours, with a net inflow of over $1.3 billion in the past seven days—pushing its total assets on the platform above $142.4 billion. Previously, FUD circulated in overseas crypto communities claiming Binance saw over $22 billion in asset outflows last week, but on-chain data debunked the rumor as false. CZ (Changpeng Zhao) noted recent overseas community activity has been targeted by smear attacks from competitors. In a post, he flagged an account “X” (863,000 followers, nicknamed “Wei”) as a potential scammer, which frequently shares forged AI images of him. “Who would pretend to be a BNB supporter, using fake AI-generated images for months just to spread FUD? I can’t think of any other angle—this seems like the work of a self-proclaimed competitor. They’re more focused on us than on their own operations.”

Spot gold dropped below $4,800 per ounce on Feb. 5, falling $170 in intraday trading for a 3.46% decline, per Bitget market data.

Feb. 5 — Per OnchainLens monitoring, a whale address has once again transferred 2,676 ETH (valued at roughly $5.69 million) to FalconX, pushing its cumulative losses past $20 million. The address currently holds just 854 ETH (≈$1.82 million). Full address: 0xaea5ad2ad59c0e75ba2ae3f26bccdcbccffdd5fd Notably, the address deposited 8,329 ETH into Galaxy Digital as recently as yesterday.

On February 5th, Multicoin Capital co-founder Kyle Samani responded to a "bear market rant" from community user Taran (@Taran_ss) — a post he quickly deleted — with the following comments: “Crypto isn’t nearly as fun as many people — myself included — once thought it would be. I used to buy into the Web3 vision, the dApp hype. Now I don’t. Blockchain is fundamentally an asset ledger: it’ll reshape finance, but that’s it. DeFi’s another area worth watching, sure. Crypto will keep improving, but all the truly interesting questions have already been answered — except for on-chain privacy/confidentiality. (I still think Zama will win that race.)” Earlier today, Samani announced his resignation from Multicoin Capital, noting he’ll remain Chairman of Forward Industries (the largest SOL treasury holder) while taking a break to explore new tech directions. In a follow-up tweet, Samani clarified he’s still extremely bullish on SOL and crypto, and will stay engaged in the space both per

On February 5th, per data from Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), amid a recent global asset pullback and downturn in the U.S. semiconductor storage subsector, crypto KOL CBB’s on-chain address (0xEFd3...) has been consistently taking profits from short positions in U.S. stocks and commodities—netting $1.4 million in daily gains. The account’s total position has fallen from roughly $41 million yesterday to $31.2 million, with a cumulative position closeout of about $9 million. Recent positions center on shorting semiconductor storage names: Intel (INTC), SanDisk (SNDK), and Micron (MU). CBB has taken significant profits amid today’s declines and partially unwound positions. Current key positions include: - xyz:INTC (3x short): ~$6.77M position, avg entry $49, liquidation ~$62.7, profit $8k - xyz:SNDK (3x short): ~$5.09M position, avg entry $660, liquidation ~$839, profit $480k - xyz:MU (3x short): ~$4.32M position, avg entry $419, liquidation ~

February 5 – Binance co-founder He Yi recently addressed the “withdrawal push” launched by the overseas community: “Some community members have launched a large-scale withdrawal push. While it’s still unclear why deposits into Binance actually increased after the push kicked off, I think it’s a good thing to regularly conduct stress tests for all platforms.” He Yi also reminded users to double-check withdrawal addresses during the withdrawal process and avoid mistakes, as on-chain funds sent to an incorrect address can’t be recovered. Meanwhile, sharp accusations targeting Binance have emerged in the market. Community user Rand (@RandySparkys) made unsubstantiated claims that “Binance is already insolvent,” citing allegations including “over $22 billion in asset outflows over the past week,” “platform usage at a four-year low,” “Binance has sued those questioning its solvency,” and “CZ has sued those accusing him of fraud.” The authenticity of these FUD claims remains unconfirmed