Biden Adviser Suggests Holding Walsh Confirmation Hearing Alongside Powell Probe

On Feb 9, Binance’s SAFU Fund address successfully “bought the dip,” turning a loss into a profit. Across its four recent Bitcoin (BTC) purchases, the fund spent a total of $734.09 million (calculated based on the price at which BTC was transferred into the SAFU Fund). Its current holdings of 10,455 BTC are worth $741.39 million, with a paper profit of roughly 1%—equivalent to about $7.3 million. On Jan 30, Binance announced it would gradually convert its original $1 billion stablecoin reserves into Bitcoin, with plans to complete the process within 30 days. If the market value of these holdings drops below $800 million due to price fluctuations, the exchange will add more BTC to restore the value to $1 billion.

According to Arkham Monitor data, Binance’s SAFU Fund address has once again acquired 4,225 BTC—valued at $299.6 million at current rates. The fund now holds a total of 10,455 BTC, worth approximately $741.39 million. This follows Binance’s January 30 announcement that it would gradually convert its original $1 billion stablecoin reserve into Bitcoin, with the conversion set to wrap up within 30 days. If market fluctuations push the fund’s value below $800 million, additional BTC will be added to restore it to the $1 billion target.

February 9 A U.S. court previously ruled the Federal Deposit Insurance Corporation (FDIC) violated the federal Freedom of Information Act (FOIA). Now, the FDIC has agreed to pay Coinbase $188,440 in legal fees, fully reform its FOIA policies, and reverse its prior position denying public release of a crypto-related "hold letter"—settling the FOIA lawsuit. Additionally, the FDIC committed to policy reforms, including adding provisions to training materials requiring staff to "broadly interpret" FOIA requests. It also stated it will not adopt a blanket secrecy policy for all bank supervision documents based on FOIA’s Section 8 exemption.

**Arthur Hayes’ On-Chain Trading Losses Top $10.37M (As of Feb 2026) – @0XTiger666** BitMEX co-founder Arthur Hayes has racked up over $10.37 million in on-chain trading losses as of February 2026 (excluding undisclosed positions), per stats from @0XTiger666 (dated February 9). Key transaction breakdown: - Feb 2026: Liquidated LDO, ENA, and 4 other tokens; invested $9.35M, lost $3.48M. - Jan 2026: Entered a BIO position; invested $1.1M, lost $0.64M (58% drawdown). - Dec 2023: Traded LOOKS, ENS, FXS; invested over $10.29M, lost over $6.25M (individual token losses exceeded 50%). This version uses concise, news-friendly language (e.g., "racked up" for accumulated losses, "drawdown" for price drops, abbreviations like "$M" for clarity) and structured bullet points to align with U.S. English news habits—prioritizing readability and quick information scanning.

On February 9th, Coinglass data shows Coinbase’s Bitcoin Premium Index has recently narrowed its negative premium to -0.08%, with U.S. market buying sentiment starting to pick up. BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a leading U.S. exchange) and the global market average. It’s a key indicator for tracking U.S. capital flows, institutional investment interest, and shifts in market sentiment. A positive premium means Coinbase’s price is higher than the global average, typically signaling: strong U.S. market buying pressure, active inflows of institutional or compliant capital, ample USD liquidity, and generally optimistic investment sentiment. A negative premium means Coinbase’s price is below the global average, usually reflecting: significant U.S. market selling pressure, reduced investor risk appetite, rising market risk aversion, or capital outflows.

On February 9, CryptoQuant analyst Darkfost noted that Bitcoin’s Sharpe Ratio — a metric measuring risk-adjusted return — has turned negative, a sign aligning with late-stage bear market characteristics. This does not mean the bear market is over, but rather that the risk-return profile is approaching extreme levels. Currently, Bitcoin’s Sharpe Ratio stands at -10, its lowest reading since March 2023. Historical data shows Bitcoin’s Sharpe Ratio hit troughs in late 2022 to early 2023 and late 2018 to early 2019 — both coinciding with prior bear market bottoms. The ratio last fell to zero in November 2025, when Bitcoin’s price touched a local low of $82,000. The analyst added that a negative Sharpe Ratio typically signals an imminent market reversal.