The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

On February 7th, trader Eugene Ng Ah Sio shared on his personal channel that current price action suggests things are unfolding smoothly. The long position he entered yesterday looks perfectly timed in hindsight, matching the strong rebound he was looking for—signaling $60,000 has formed solid bottom support. He’ll keep an eye on developments but sees upside potential ahead.

February 7th — Per Onchain Lens monitoring, a whale address recently deposited 2.5 million USDC into HyperLiquid and opened a 10x leveraged long position on ETH. This investor has previously sustained losses exceeding $2.568 million.

**CSRC Issues 2026 No. 1 Guidance on Overseas Tokenized ABS Backed by Domestic Assets** On February 7, the China Securities Regulatory Commission (CSRC) released Document No. 1 [2026] — *Regulatory Guidance on Overseas Issuance of Asset-Backed Securities Tokenization Backed by Domestic Assets* (hereafter the “Guidance”) — which took effect immediately upon release. The Guidance imposes strict oversight on overseas-issued Real World Asset (RWA) tokenized products backed by domestic assets, particularly those resembling asset-backed securities (ABS). This falls under CSRC’s “strict overseas regulation” framework, aimed at curbing speculative trading, cross-border risks, and illegal financial activities. ### Key Details: 1. **Definition**: The guidance defines such activities as issuing tokenized equity certificates overseas via encryption, distributed ledger, or similar technologies, with repayment supported by cash flows from domestic assets or related asset rights. 2. **C

February 7th. According to official sources, Bithumb has issued a follow-up announcement about its "Bitcoin Airdrop" event. The platform stated that yesterday during reward distribution, an input error in the Bitcoin amount caused some customers to receive a large Bitcoin airdrop. Using its internal system for detecting abnormal transactions, Bithumb restricted trading and withdrawals for 695 customers within 35 minutes of the erroneous transfer. Over 99% of the erroneous funds have been recovered, minimizing customer losses with swift action. Recovery of the remaining unrecovered assets is ongoing. Details are as follows: · Erroneous transfer amount: 620,000 BTC (2.95% of total Bitcoin supply) · Amount recovered: 618,212 BTC (approximately 99.7% of the total) · 93% of the 1,788 BTC that was sold, plus equivalent assets (KRW and other virtual assets), has also been recovered · (Confirmed: the erroneously transferred Bitcoin was not sent to external addresses) BlockBeats

On February 7, cryptocurrency reporter Eleanor Terrett took to social media, citing banking industry sources, to note that the White House has scheduled a new round of talks between the crypto industry and banks regarding stablecoin yields—set for next Tuesday. The meeting is expected to stay at the staff level but will be the first time bank representatives attend alongside industry trade groups.

On February 7th, Onchain Lens monitoring shows Circle minted an additional 1.5 billion USDC on Solana over the past 9 hours. To date, Circle’s total USDC issuance on the Solana network has reached $14.75 billion as of 2026.