Gate.io Launches INIT Perpetual Contract Pre-trading

**February 2nd** Per Onchain Lens monitoring, Trend Research deposited 30,000 ETH (≈$70.18 million) to Binance in the past 5 hours, and has since completed the sale and loan repayment. Over the past 18 hours, Trend has cumulatively sent 40,000 ETH (≈$94.53 million) to Binance, with 6,412 ETH withdrawn from the exchange during that window.

Feb 2nd (official sources) — CrossCurve announced its cross-chain bridge was attacked, with the attacker exploiting a smart contract vulnerability. The project team urged users to immediately cease all interactions with CrossCurve pending the completion of its investigation, and will continue updating the community via official channels. The team later confirmed some addresses received token funds intended for other users due to the vulnerability. No evidence of intentional malicious activity linked to the affected addresses has been found to date, and the team urged those address owners to cooperate in returning the erroneously transferred funds. Per its Safe Harbor Responsible Disclosure Policy, white-hat hackers assisting in fund recovery may keep up to 10% of recovered funds as a bounty. CrossCurve stated that if funds are not returned within 72 hours of Ethereum block height 24,364,392, or if no effective communication is established, the team will escalate its response as n

**February 2** — Per Crowdfund Insider, the European Commission has ramped up enforcement of crypto asset regulatory frameworks, launching infringement procedures against multiple EU member states for failing to transpose or comply with new EU rules on crypto asset taxation and market regulation. In the latest round of infringement decisions, the Commission said it has sent formal warning notices to 12 member states for not fully transposing EU rules on crypto asset tax transparency and information exchange into national law. The 12 countries are: Belgium, Bulgaria, the Czech Republic, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, the Netherlands, Poland, and Portugal. This action ties to **EU Directive (EU) 2023/2226**, which amends the EU’s long-standing tax administrative cooperation framework. The directive extends reporting and information-sharing obligations to crypto asset service providers to boost tax transparency and regulate crypto asset transactions.

Onchain Lens data shows that as of February 2nd, the "BTC OG Insider Whale" transferred an additional 15,001 ETH to Binance 6 hours ago, worth roughly $34.57 million. Over the past two days, the whale has sent a total of 121,185 ETH to the exchange, with the cumulative value totaling approximately $2.9237 billion.

February 2 (Monday Morning) - USD/JPY strengthened; Asian stock index futures broadly declined; U.S. stock index futures down 1%, underscoring fragile Wall Street sentiment after a turbulent week. - At the open, spot gold’s drop widened to 3.5%; silver down nearly 9%; WTI crude down 4%. - Earlier, the U.S. dollar posted its largest single-day gain since last May on Friday, driven by a sharp precious metals slump and Trump’s nomination of Kevin Warsh as the next Federal Reserve Chair. (Source: Oriental Wealth)

As of February 2nd, monitoring from HyperInsight (via its Telegram channel @HyperInsight) shows: Huang Licheng, known as "Big Brother Ma Ji," closed his long positions in BTC, ETH, and HYPE two hours ago—all of which incurred losses again. His on-chain contract account currently holds just $1,278. On-chain records indicate his most recent deposit to Hyperliquid (via app.hyperliquid.xyz/join/NTOD) was made two days ago, totaling 249,800 USDC.