Author: Deep Tide TechFlow
Yesterday's Market Dynamics
US Senator Warren Calls for Investigation into Trump Family's WLFI 49% Stake Sale to UAE Royal Family, Labels It "Blatant Corruption"
According to Coindesk, US Senator Elizabeth Warren has called for a congressional hearing regarding the secret investment by a UAE royal-backed entity into WLFI, a cryptocurrency company linked to Trump. The deal, signed by Eric Trump, funneled $187 million to Trump family entities and provided at least $31 million to entities related to Steve Witkoff, a Trump Middle East envoy. This transaction occurred months before the Trump administration approved the sale of advanced US AI chips to the UAE.
Senator Warren called this "blatant corruption," demanding the Trump administration reverse its decision to sell AI chips to the UAE and requiring relevant officials to testify before Congress. A White House spokesperson stated that the President was not involved in business transactions that could affect his constitutional duties and had followed government ethics rules.
Trump: "Unaware" of UAE Royal Investment in WLFI, Handled by His Sons
US President Trump stated in an interview that he was unaware of Abu Dhabi's $500 million investment in the crypto project World Liberty Financial, backed by his family, and that the matter was handled by his sons.
Hong Kong Monetary Authority: Plans to Issue First Batch of Stablecoin Licenses in March, 36 Institutions Have Applied
According to Ta Kung Wen Wei, Hong Kong Monetary Authority Chief Executive Eddie Yue stated that 36 institutions have submitted applications for stablecoin licenses, with plans to issue the first batch in March.
Hong Kong's "Stablecoin Ordinance" officially took effect on August 1 last year, establishing a licensing system for fiat stablecoin issuers. Yue pointed out that the HKMA is continuously evaluating these applications and has requested additional information from some applicants, including specific application scenarios, risk management measures, and the composition of reserve assets.
Yue emphasized that the number of institutions in the first batch of licenses issued will "definitely be small." The HKMA will adhere to a prudent and steady principle, improving the regulatory framework for virtual asset activities while promoting financial innovation and maintaining financial stability.
Caixin: Sources Say JD.com Has Not Withdrawn Its Stablecoin License Application
According to Caixin, HKMA Chief Executive Eddie Yue stated after the Financial Affairs Committee meeting on February 2, 2026, that 36 institutions had submitted stablecoin license applications, including banks, tech companies, securities firms, asset management companies, investment firms, e-commerce companies, payment institutions, startups/Web3 enterprises, etc. Standard Chartered Bank (Hong Kong) is highly anticipated as one of Hong Kong's three note-issuing banks. Two other sources stated that JD.com's subsidiary, JD BitChain Tech (Hong Kong), previously rumored to have withdrawn from the competition for Hong Kong's first batch of stablecoin licenses, has not actually withdrawn its application. JD BitChain Tech (Hong Kong) is also one of the three main trial entities in the stablecoin testing sandbox.
Binance Hot Wallet Transfers 1,315 BTC to SAFU Fund Address, Valued at $100 Million
On-chain data shows that 25 minutes ago, 1,315 BTC was transferred from a Binance hot wallet to the SAFU Fund address, valued at $100 million.
Epstein Files Revealed: Strategy CEO and Kevin Warsh Appear in Epstein's Social Circle; Epstein Once Invested in Blockstream
According to Beincrypto, Epstein had surprisingly close ties with cryptocurrency founders, investors, and projects in the industry's early stages. The newly unsealed Epstein files reveal that Epstein participated in the seed round funding of Bitcoin infrastructure company Blockstream, which raised a total of $18 million. His investment grew from $50,000 to $500,000.
Additionally, in 2011, Epstein called Bitcoin clever but with serious flaws; in 2014, he discussed the definition of Bitcoin with Peter Thiel; in 2016, he proposed creating an Islamic cryptocurrency to a Saudi royal advisor; in 2017, he explicitly stated it was not worth buying Bitcoin.
The files also show that Strategy CEO Michael Saylor and Federal Reserve Chairman nominee Kevin Warsh both appeared in Epstein's social circle. Investigators found no evidence that Epstein used cryptocurrency for illegal activities.
According to crypto journalist Kyle Torpey, Epstein also expressed ethical concerns about "crypto token price manipulation" in an email to Bitcoin developer Jeremy Rubin. Furthermore, Epstein provided $3 million to cryptocurrency entrepreneur Brock Pierce for investment in the crypto exchange Coinbase. Torpey noted that it is unclear whether this transaction was ultimately completed.
Trend Research Deposits Another 20,000 ETH to Binance, Valued at Approximately $45.52 Million
According to on-chain analyst Onchain Lens (@OnchainLens), Jack Yi's Trend Research deposited another 20,000 ETH to Binance, valued at approximately $45.52 million. To date, Trend Research has cumulatively deposited 73,588 ETH (valued at approximately $169 million) to Binance for sale and loan repayment.
Hyperliquid to Launch Outcome Trading Feature, Expanding Derivatives Trading Ecosystem
Hyperliquid announced that its HyperCore platform will support outcome trading (HIP-4), a fully collateralized contract settled within a fixed range. This feature will support prediction markets and option-like instruments without leverage or liquidation mechanisms.
The feature is currently being tested on the testnet. After technical development is completed, standard markets based on objective settlement sources and denominated in USDH will be launched. This feature will integrate seamlessly with other modules of HyperCore, such as portfolio margin and HyperEVM, and may expand to permissionless deployment models in the future.
Cboe Plans to Relaunch Binary Options Product, Tapping into Prediction Market Demand
According to The Block, Cboe Global Markets is discussing with retail brokers and market makers the relaunch of "all-or-nothing" binary options contracts, which have a trading mechanism similar to prediction markets.
Cboe previously launched binary options in 2008 but discontinued them due to low market acceptance. The planned relaunch product will be regulated by the SEC or CFTC, emphasizing compliance and appropriate product design.
Jupiter Announces $35 Million Strategic Investment from ParaFi Capital
According to an official announcement from Jupiter, it has received a $35 million strategic investment from ParaFi Capital aimed at accelerating the development of on-chain financial infrastructure.
SpaceX Memo Confirms Merger with xAI, Valuation Reaches $1.25 Trillion
According to informed sources, Musk plans to merge SpaceX with xAI, aiming to consolidate his increasingly vast strategic布局 in artificial intelligence and space exploration. The sources indicated that the merger plan was announced via an internal memo on Monday. The merged company is expected to price each share at approximately $527, valuing the company at $1.25 trillion. SpaceX and xAI have not yet responded. This move further intertwines Musk's various businesses. He acquired the social media platform Twitter (renamed X) at the end of 2022 and subsequently merged the company with xAI for $33 billion. xAI also operates the chatbot Grok, which consumes about $1 billion monthly to achieve the goal of deeply understanding the universe. Merging with SpaceX will integrate funding, talent, and computing resources while blurring corporate boundaries. This merger may realize Musk's vision of deploying data centers in space to support complex AI computations. According to documents filed last Friday, SpaceX is applying for permits for this plan, intending to launch up to 1 million satellites into Earth's orbit. (Jin10 Data)
Market Dynamics
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