Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

February 4th: Per HyperInsight monitoring (Telegram: @HyperInsight), the "Strategy Whale" is ramping up positions across multiple long trades. Current positions are as follows: - ETH long: $52M at an entry price of $2,270 - SOL long: $15.52M at an entry price of $99.28 - XRP long: $11.65M at an entry price of $1.59 - BTC long: $4.41M at an entry price of $76,345

On February 4th, HTX market data shows Bitcoin hit a high of roughly $76,400 on the day Donald Trump won the 2024 U.S. presidential election (November 6). This morning, it dropped to a low of $72,945 and is now trading at $76,648—erasing all gains since Trump’s election victory.

Per HyperInsight’s February 4 monitoring, Huang Licheng—known as "Brother Ma Ji"—was liquidated again, with just $71,600 remaining in his account. Currently, he holds a $530,000 long position in HYPE (entry price: $34.77) and an $180,000 long position in ETH (entry price: $2,345; liquidation price: $1,889).

On Feb. 4, a16z General Partner Guy Wuollet announced the venture capital firm will lead a $2.5 million seed round for prediction market terminal Kairos, which targets professional traders with the fastest prediction market trading service.

**Prediction Markets Kalshi, Polymarket Rivalry Intensifies via NYC Free Food Promotions (Super Bowl Eve)** On the eve of the Super Bowl (Feb 4), competition between prediction market platforms Kalshi and Polymarket escalated with dueling free food events in New York City. Kalshi kicked off its push on Feb 3 at Manhattan’s downtown WestSide Market, offering customers $50 in free groceries—drawing long on-site lines. Many participants noted the value matched several hours of wages, calling the offer highly attractive. Co-founder Tarek Mansour said the move aims to give back to the community and expand its user base. Conversely, Polymarket announced it will launch “The Polymarket—New York’s First Free Grocery Store” on Feb 12. All items will be free (no purchase required), open to all New Yorkers, and the platform will donate an additional $1 million to local food banks.

On February 4, Aave founder Stani.eth announced the gradual shutdown of the Family iOS wallet, though it will continue supporting the Aave App as infrastructure. Aave Labs will no longer use the Avara umbrella brand — which includes the Family and Lens brands — as Lens is now managed by Mask. Aave plans to consolidate resources to boost the Aave brand’s visibility and refocus on its DeFi business.