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Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

RWA Weekly Report｜Stablecoin Market Cap Drops 4.3%; White House to Hold Another Stablecoin Yield Discussion Meeting Today (Feb 4 - Feb 10)

RWA Weekly Report: Stablecoin Market Cap Drops 4.3%; White House to Hold Another Stablecoin Yield Discussion (Feb 4-10) The on-chain total value of Real World Assets (RWA) grew slightly from $23.96B to $24.14B, a 0.75% weekly increase. The number of asset holders rose to 842.2K. However, the stablecoin market cap fell by approximately $13.36B, a 4.3% drop, even as the number of stablecoin holders increased. U.S. Treasury bonds remained the core RWA, growing to $9.9B. Commodity assets saw the largest weekly gain, adding ~$500M. Private credit expanded modestly, while private equity declined, reflecting cautious risk appetite. Key events included the White House scheduling another meeting to discuss stablecoin yields. Hong Kong is finalizing its stablecoin licensing framework. China's central bank and seven other ministries issued a notice further banning virtual currency-related business activities, classifying them as illegal financial activities. Tether invested $150M in Gold.com to boost distribution of its gold-backed token, XAUT. Ondo Finance had an ETF filing submitted for it by 21Shares. Vitalik Buterin stated that algorithmic stablecoins represent "true DeFi." The market is characterized by steady expansion and sector rotation, with commodities and private credit leading growth.

marsbit02/10 11:29

RWA Weekly Report｜Stablecoin Market Cap Drops 4.3%; White House to Hold Another Stablecoin Yield Discussion Meeting Today (Feb 4 - Feb 10)

marsbit02/10 11:29

Currency and Stock Barometer丨 Strategy invested $90 million last week to purchase 1,142 Bitcoins; Bitmine increased its holdings by 40,613 ETH last week (February 10)

Crypto Market Weekly Roundup: Strategy Invests $90M in 1,142 BTC; Bitmine Adds 40,613 ETH (Feb 10) Despite a bearish start to 2026 for crypto, mining stocks showed strength in January, outperforming Bitcoin with a 23% sector cap increase to $60B, though still 15% below late-2025 highs. JPMorgan noted reduced network competition and pivot to AI/HPC data centers as key drivers. Morgan Stanley analysts highlighted Terawulf and Cipher Mining, projecting ~150% upside due to their AI power agreements. Strategy purchased 1,142 BTC ($90M), bringing its total to 714,644 BTC. Global public companies net bought $92.83M in BTC, though overall DATs (crypto treasury firms) face selling pressure, declining 62% since October highs. Bitmine increased its ETH holdings by 40,613, totaling 4.33M ETH. ETHZilla launched an aviation engine RWA token and expanded into real estate tokenization. FG Nexus announced a 1:5 reverse stock split. Solana treasury firm Forward Industries, holding 7M SOL, hinted at potential industry consolidation, while Upexi raised $7.4M to expand its SOL strategy. Jupiter Lend added DFDV’s staking token dfdvSOL as collateral, enhancing DeFi-TradFi liquidity integration.

marsbit02/10 11:16

Currency and Stock Barometer丨 Strategy invested $90 million last week to purchase 1,142 Bitcoins; Bitmine increased its holdings by 40,613 ETH last week (February 10)

marsbit02/10 11:16

Behind the 2000 BTC Incident: The Fundamental Problem of CEX Ledgers

A critical incident at South Korean exchange Bithumb on February 6 revealed a fundamental vulnerability in centralized exchange (CEX) accounting systems. During a small promotional event intended to distribute around $1.4 per user, a configuration error caused the system to credit 695 users with 2,000 BTC each—totaling 1.24 million BTC, worth approximately $41.5–44 billion—instead of the intended 2,000 KRW. Although these assets were not on-chain, they were tradable on the platform, causing Bithumb’s BTC/KRW pair to drop nearly 17% and triggering brief global market turbulence. Bithumb responded within 35 minutes, freezing accounts and recovering over 99% of the erroneously credited funds. The remaining 1,788 BTC sold by users were covered by the exchange’s own capital. The event underscores a systemic risk in CEXes: user balances are often merely entries in an internal database, decoupled from actual on-chain reserves. This “accounting illusion” allows exchanges to modify balances without corresponding blockchain movement, creating a trust asymmetry where users rely on the platform’s promise rather than direct asset ownership. Historical precedents like Mt. Gox and FTX further highlight how such internal ledger systems can mask insolvency, enable fraud, or—as in Bithumb’s case—allow catastrophic errors. While Bithumb contained this incident due to its limited scale and rapid response, the episode has drawn regulatory scrutiny in South Korea, emphasizing the need for stronger oversight and structural safeguards in crypto trading platforms.

Odaily星球日报02/10 10:46

Behind the 2000 BTC Incident: The Fundamental Problem of CEX Ledgers

Odaily星球日报02/10 10:46

Behind the 2000 BTC Incident: The Fundamental Problem of CEX Ledgers

On February 6, Korean crypto exchange Bithumb mistakenly distributed 2,000 BTC (worth approximately $1.6 million at the time) to each of 249 users due to a unit configuration error in a promotional event, instead of the intended 2,000 KRW (about $1.4). The total erroneous distribution amounted to 62,000 BTC, with a notional value of $41.5–44 billion, far exceeding Bithumb’s actual Bitcoin holdings of 42,600 BTC. Although Bithumb recovered over 99% of the misallocated funds within 35 minutes by freezing accounts and covering the remainder with company assets, the incident exposed a fundamental flaw in centralized exchanges (CEXs): their reliance on internal ledgers that are decoupled from on-chain assets. Unlike decentralized exchanges, where transactions occur on-chain, CEXs use internal databases to record user balances, allowing instant—but potentially unbacked—asset entries. This creates systemic risk, as seen in historical failures like Mt. Gox (where internal ledger mismasks hid massive theft) and FTX (where customer funds were secretly diverted). The event underscores the trust asymmetry in CEXs: users see balances as real assets, but they are merely IOU promises. The Korean Financial Supervisory Service has since launched inspections, signaling heightened regulatory scrutiny. Bithumb’s near-disaster serves as a critical reminder of the inherent vulnerabilities in CEXs’ accounting models.

marsbit02/10 10:43

Behind the 2000 BTC Incident: The Fundamental Problem of CEX Ledgers

marsbit02/10 10:43

Ethereum Foundation Backs SEAL Initiative as LiquidChain L3 Protocol Gains Traction

The Ethereum Foundation has officially backed the Security Alliance (SEAL), a coalition of white-hat hackers and researchers, to strengthen the crypto industry’s coordinated defense against drainer attacks. SEAL’s "SEAL 911" initiative enables real-time reporting of exploits, helping intercept stolen funds before they are laundered. This move signals a shift from reactive security measures to more structural solutions that reduce complexity and risk. LiquidChain ($LIQUID), a Layer 3 protocol, is gaining traction as a architectural solution to cross-chain vulnerabilities. By unifying liquidity across Bitcoin, Ethereum, and Solana into a single execution layer, it eliminates the need for risky bridging operations—a common attack vector. The project has raised over $533K in its presale, reflecting growing institutional interest in infrastructure that abstracts away cross-chain complexity and enhances security through design rather than intervention.

bitcoinist02/10 09:49

Ethereum Foundation Backs SEAL Initiative as LiquidChain L3 Protocol Gains Traction

bitcoinist02/10 09:49

Hyperliquid Surpasses Coinbase with Twice Its 2025 Notional Trading Volume

Hyperliquid, a decentralized perpetual futures exchange, has surpassed Coinbase in 2025 notional trading volume, handling $2.6 trillion compared to Coinbase's $1.4 trillion. This highlights a significant shift towards decentralized trading platforms. The exchange's native token, HYPE, has also seen a 31.7% price increase this year, while Coinbase shares declined 27%. Despite a recent 7% drop in HYPE's value to $29.99, largely long-position liquidations of $4.41 million, the platform continues to demonstrate strong performance with high volume and open interest. The growing discussion around Hyperliquid underscores the rising prominence of decentralized exchanges in the crypto derivatives market.

TheNewsCrypto02/10 09:39

Hyperliquid Surpasses Coinbase with Twice Its 2025 Notional Trading Volume

TheNewsCrypto02/10 09:39

Morgan Stanley Initiates Bitcoin Miner Coverage, Rates Cipher and TeraWulf Overweight, Marathon Underweight

Morgan Stanley has initiated coverage on major Bitcoin miners, framing them as infrastructure businesses rather than pure cryptocurrency plays. The bank assigned Overweight ratings to Cipher Mining and TeraWulf, citing their potential to transition into stable utility-like companies through long-term power contracts and site leasing—particularly to AI tenants. Cipher is seen as well-positioned for a potential “REIT endgame,” while TeraWulf’s management experience in power and infrastructure supports its positive outlook. In contrast, Marathon Digital received an Underweight rating due to its heavy dependence on Bitcoin price volatility, mining difficulty, and energy costs, making it a higher-risk investment. Morgan Stanley emphasizes that the infrastructure model offers more predictable income and deserves higher valuation multiples.

TheNewsCrypto02/10 07:10

Morgan Stanley Initiates Bitcoin Miner Coverage, Rates Cipher and TeraWulf Overweight, Marathon Underweight

TheNewsCrypto02/10 07:10

Ark Invest Buys More Bullish as Stock Surges Over 16%

Cathie Wood's Ark Invest purchased an additional 57,164 shares of Bullish (estimated value $1.83 million) as the stock surged 16% amid a broader crypto equity rally. This follows a much larger acquisition of Bullish shares the previous Friday, while Ark simultaneously reduced its position in Coinbase. The moves reflect a strategy of selective capital rotation within the crypto sector rather than broad bets. The rally in crypto stocks occurred even as major digital assets like Bitcoin saw mixed price action, highlighting a growing trend where these equities are traded as a distinct asset class influenced by company-specific factors and broader equity sentiment.

TheNewsCrypto02/10 07:00

Ark Invest Buys More Bullish as Stock Surges Over 16%

TheNewsCrypto02/10 07:00

MrBeast, the Most Generous KOL, Sets His Sights on Teenagers' Digital Wallets

MrBeast, the renowned YouTube creator with over 466 million subscribers, has expanded into fintech through his company Beast Industries by acquiring Step, a mobile banking app designed for teenagers. Step offers FDIC-insured banking services via Evolve Bank & Trust, including savings accounts and Visa cards. This move follows a $200 million equity investment from Ethereum treasury firm BitMine in January 2026, with plans to integrate DeFi into future financial services. Previously, MrBeast faced allegations of profiting over $10 million through alleged pump-and-dump schemes involving low-market-cap cryptocurrencies like SUPER and PMON, where he promoted tokens before selling them during price surges. Despite these controversies, MrBeast aims to create financial educational content and provide youth with financial tools he lacked. His company has also filed a trademark for "MrBeast Financial," indicating intentions to offer crypto trading and payment processing services.

marsbit02/10 05:36

MrBeast, the Most Generous KOL, Sets His Sights on Teenagers' Digital Wallets

marsbit02/10 05:36

How Does HashKey Build Institutional-Grade On-Chain Financial Infrastructure?

In a recent "Charting a New Institutional Strategy" event held ahead of Consensus, HashKey Cloud and HashKey CaaS introduced a comprehensive on-chain financial infrastructure solution tailored for institutional clients. The event highlighted the growing demand for secure, efficient, and regulatory-compliant services as institutions enter the crypto ecosystem. Leo, CEO of HashKey’s On-Chain Business Group, expressed optimism about the industry’s compliance-driven future, emphasizing Web3’s potential as transparent and secure financial infrastructure, particularly in regions with less developed financial systems. HashKey Cloud, represented by Product Lead Shen Jun, showcased its institutional-grade staking and yield services, operating under a non-custodial model to enable secure asset tokenization and yield generation. The platform supports multi-chain services and offers insurance-backed staking solutions. HashKey CaaS, introduced by Business Development Manager Yu Yi, provides end-to-end services including asset tokenization, staking for ETFs and digital assets, on-chain transactions, and risk management. It aims to bridge traditional finance with crypto through compliant, globally-trusted infrastructure. The event also featured roundtables with participants from firms like Victory Securities, Zodia Custody, WisdomTree, Ether.fi, Lido, and others, discussing the integration of traditional finance with on-chain yields, new earning opportunities with ETH and BTC, and the tokenization of precious metals as part of the expanding RWA (Real-World Asset) ecosystem. HashKey’s strategic shift from a compliant exchange to an institutional on-chain infrastructure provider underscores its commitment to driving the convergence of traditional and digital asset finance in Hong Kong and globally.

marsbit02/10 03:45

How Does HashKey Build Institutional-Grade On-Chain Financial Infrastructure?

marsbit02/10 03:45

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