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Korean Regulator Evaluates Bithumb Airdrop Snafu: Users Legally Obligated to Return Assets

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Feb. 9 (Reuters) – South Korea’s Financial Supervisory Service (FSS) chief Lee Kang-hee said the cryptocurrency sector has structural vulnerabilities requiring urgent stronger regulation, following a recent Bithumb incident where customers received over $40 billion in Bitcoin by mistake. Lee emphasized users who received tokens from the accidental disbursement are legally required to return the assets. The FSS also took a cautious stance on “ghost tokens” and Bitcoin spot ETF products, adding it plans to broaden regulatory oversight through secondary legislation for the “Digital Asset Basic Law.”
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Market Chill Plus Overvaluation: MetaDAO Sees First ICO Flop Project

February 9th — The Solana ecosystem’s launchpad MetaDAO has logged its first ICO failure, with the Hurupay project. Launched on February 3, 2026, Hurupay set a minimum fundraising target of $3 million. It ultimately raised roughly $2,003,593 — about 67% of its required minimum. After failing to meet the threshold, MetaDAO announced the ICO’s collapse and will refund all funds to participants. Community feedback points to three key factors: the project’s overvaluation, unclear team background, and significant changes to fundraising terms.

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Binance Wallet: Alpha Airdrop Scheduled Today at 9:00 PM UTC, Threshold 241 Points

Binance Wallet will distribute its Alpha airdrop at 13:00 UTC today (February 9), per official sources. Users with at least 241 Alpha points can claim the tokens on a first-come, first-served basis until the airdrop pool is exhausted or the event concludes. Additional details will be released shortly.

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View: Ethereum is currently located on the weekly logarithmic regression channel midline, further retracement is still needed to kickstart the bull run

February 9th — Into The Cryptoverse founder and CEO Benjamin Cowen used Ethereum’s weekly logarithmic regression channel to assess its price trajectory, forecasting that ETH will keep pulling back this year before launching its next bull run. Per the screenshot, Ethereum is now trading at the midline of the channel, with the actual bull market rally only kicking off after the price dips below the lower band (currently $1500).

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Polymarket's Last Week Transaction Fee Revenue Tops $1 Million, Leading Prediction Markets

Data from Dune (as of February 9) shows weekly transaction fee revenues for top prediction markets rank as follows: - Polymarket: $1.08M (1st) - Opinion: $878k (2nd) - Limitless Exchange: $147k (3rd) This structure is concise, uses common U.S. English shorthand ($1.08M = $1.08 million, $878k = $878,000) and aligns with the clear, scannable style of English crypto/finance news alerts.

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「100% Win Rate Low Drawdown」 Trader Pyramid Buys Partial Fill, Plans to Close Position Once BTC Reaches $84,000

**February 9th Update** Per Coinbob Popular Address Monitor, the trader known for a 100% win rate and low drawdown—who specializes in ranging market trades—currently holds a 20x-leveraged BTC long position with an average entry of $81,400, facing a 326% floating loss. Of the 100 pyramid buy orders placed today, 70 have executed, with 30 remaining unfilled. The current buy zone spans $68,000 to $69,340. Previously, this address placed ~100 sell orders in the $84,000–$86,880 range, targeting the closure of 70.2% of its long positions. Since January, this trader has turned an initial $50,000 into $260,000 in cumulative profits, with monthly and overall win rates both exceeding 85%. Their strategy is a **pyramid hedged grid**: layering long/short orders within a pre-set price range, building positions and taking profits in batches (pyramid structure) to capture ranging market price gaps—rather than relying on one-sided directional bets. Renowned trader Paul Wei (who uses a simil

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Maple Finance: Web Application Vulnerability, Temporarily Shut Down

Maple Finance announced on February 9 that its web app had a security vulnerability. The issue has been fixed, but as a precaution, the team will temporarily take the web app offline to ensure the fix is fully rolled out. The team confirmed that smart contracts remain unaffected and user deposits are secure. Users will be notified once the web app is back online.

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