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.

On February 8, abnormal volatility was spotted in 1-minute charts for Bitcoin and ETH spot trading on Binance, with single-minute swings hitting over 1% and even 3% between 00:05 and 00:17. Some analysts link the move to a malfunction in market makers’ grid trading strategies.

On February 8, per Onchain Lens data, a newly created crypto wallet withdrew 60,000 ETH (valued at $1.2296 billion) from Gate exchange and deposited the funds into Aave V3.

This week (Feb 7), the cryptocurrency market extended its losses, though it staged a brief rebound Friday. Fragile investor sentiment will face fresh tests next week as key macro events and data flood the calendar—including U.S.-Iran talks, Japan’s general election, U.S. nonfarm payrolls (NFP) and CPI. Here’s the breakdown: ### Macro Data & Fed Speeches - **Tue 00:00 ET**: U.S. January New York Fed 1-year forward inflation expectations - **Tue 02:30 ET**: Fed Governor Waller to speak on digital assets - **Tue 04:15 ET**: Atlanta Fed President Bostic (2027 FOMC voter) to discuss monetary policy & economic outlook - **Tue 21:30 ET**: U.S. Dec retail sales (MoM); Q4 labor cost index (QoQ); Dec import price index (MoM) - **Wed 01:00 ET**: Cleveland Fed President Mester (2026 FOMC voter) to speak on “Banking & Economic Outlook” - **Wed 02:00 ET**: Dallas Fed President Kaplan (2026 FOMC voter) to speak - **Wed 21:30 ET**: U.S. Jan unemployment rate; NFP (seasonally adjusted,

On February 7, The Block reported that a Kalshi spokesperson confirmed NBA Milwaukee Bucks star Giannis Antetokounmpo (the "Greek Freak") owns less than a 1% stake in Kalshi. The deal was signed this past Thursday, February 5—NBA trade deadline day. Based on Kalshi’s recent $11 billion valuation, a 1% stake in the company is valued at $110 million.

Per CoinDesk: On February 7, Ernst & Young (EY)—one of the Big Four accounting firms—warned in its latest report that as smart wallets grow in popularity, traditional bank accounts are losing their status as customers’ primary touchpoints. The report noted that if financial institutions fail to “own the wallet” (i.e., control this key customer entry point integrating identity verification, asset management, and payment functions), they risk losing customer relationships and could ultimately be reduced to little more than backend infrastructure providers.