Over the past week, the cryptocurrency market has witnessed many notable events. Let's take a look back at the hottest crypto news of the past week with Allinstation!
Strategy CEO: Even if Bitcoin falls to $8,000, Strategy will still "thrive".
Phong Le, CEO of Strategy, stated that the company's balance sheet remains resilient, unless an extreme scenario occurs: the price of Bitcoin falls to around $8,000 and remains at that level for 5–6 consecutive years.
Details: Strategy CEO: Even if Bitcoin Falls to $8,000, Strategy Will Still "Survive"
Charles Hoskinson: My crypto portfolio is losing $3 billion.
Cardano founder Charles Hoskinson recently revealed that his personal Cryptoasset has lost over $3 billion in paper value, reflecting the pressure the crypto market is facing during a prolonged downturn. Hoskinson Chia this information during a public livestream from Tokyo, where he emphasized that this loss is only an unrealized loss and that he has no intention of selling off his holdings.
Details: Charles Hoskinson: My Crypto Portfolio is Losing $3 Billion
Russia's largest bank is about to offer cryptocurrency-backed mortgage loans.
Russia's largest bank, Sberbank, is planning to launch a corporate loan product secured by cryptocurrency, demonstrating the rapidly accelerating global trend of applying digital assets to traditional finance. This move is driven by increasing demand from institutional clients, particularly as the cryptocurrency market is gradually legalized and more deeply integrated into the international financial ecosystem.
Details: Russia's Largest Bank to Offer Crypto-Backed Loans
A Bithumb exchange employee accidentally 'gifted' 2,000 Bitcoin to a user, causing the price of BTC on the exchange to suddenly drop by 10%.
Bithumb, one of South Korea's largest crypto trading platforms, has shaken the market with a serious internal incident related to the distribution of rewards to users. According to industry sources, an exchange operator accidentally entered incorrect data during an Airdrop program, resulting in the system recording the equivalent of 2,000 BTC instead of the 2,000 won (approximately $1.50) reward for some user accounts.
The Gemini cryptocurrency exchange is about to lay off 25% of its staff.
According to multiple international sources, the Gemini cryptocurrency exchange is preparing to implement a large-scale personnel restructuring, planning to cut approximately 25% of its global workforce, equivalent to a maximum of around 200 employees. This layoff is expected to affect multiple markets, including the US and Singapore – two regions previously XEM key areas in Gemini international expansion strategy.
Details: Gemini Cryptocurrency Exchange to Lay Off 25% of Staff
Vitalik Buterin has just sold another $3 million worth of ETH.
Details: Vitalik Buterin Just Sold Another $3 Million Worth of ETH
The Ministry of Finance is about to announce a cryptocurrency property tax policy, revealing the expected tax rates to be applied to individuals and businesses.
The Vietnamese Ministry of Finance is very close to announcing a series of important regulations related to tax policy on crypto assets, marking a pivotal step in the process of legalizing and managing the domestic crypto market. According to the latest information, the Ministry of Finance is currently drafting a Circular stipulating taxes applicable to the trading, transfer, and business of crypto assets, with the aim of applying a similar tax mechanism to that currently in place for the stock market.
A number of pension funds in the US suffered heavy losses due to investments in Strategy.
Many public pension funds in the US are facing significant losses after Capital in Strategy, a company run by Michael Saylor and known for its aggressive Bitcoin betting strategy. According to recent estimates, amid a sharp decline in Bitcoin's price from its previous peak, the value of these pension funds' investments has evaporated by approximately $337 million. Notably, 10 out of 11 funds recorded losses of up to 60%, reflecting the high level of risk associated with indirect exposure to the cryptocurrency market through corporate stocks.
Details: Numerous US pension funds suffer heavy losses due to investments in strategy.
Binance's SAFU fund begins buying Bitcoin.
The latest on-chain data shows that Binance's SAFU Fund is making notable moves related to increasing its Bitcoin reserves. Specifically, at 13:13 on February 2nd (Vietnam time), the Binance SAFU Fund wallet address executed an authorization transaction to add two new addresses to the "approved recipient whitelist" (list of addresses allowed to receive assets). Given the generally strict management of on-chain funds, this expansion of the whitelist is often interpreted by the market as preparation for large transactions, especially the purchase or allocation of high-value assets like Bitcoin.
Details: Binance's SAFU Fund Begins Buying Bitcoin
Vietnam is about to issue three important circulars on crypto assets.
Vietnam is nearing a crucial turning point in the regulation and legalization of the cryptocurrency market, as the Ministry of Finance prepares to issue foundational circulars for the entire domestic digital asset ecosystem. With the continuous increase in Capital flows and the number of crypto investors in Vietnam, perfecting the legal framework is not only aimed at controlling risks but also at paving the way for the long-term, transparent, and sustainable development of the digital economy.
Details: Vietnam to Issue Three Important Circulars on Cryptographic Assets
Vitalik Buterin: The original vision for Layer-2 is outdated; Ethereum needs a new direction.
Vitalik Buterin, co-founder of Ethereum, recently publicly reassessed the entire "rollup-centric" scaling roadmap that he had been a strong advocate of for many years. According to Vitalik, the reality shows that Layer 2 (L2) networks are decentralizing much slower than initially expected, while Ethereum Layer 1 has made significant strides in scalability. These two trends, for entirely different reasons, are rendering the original vision of L2's Vai in the Ethereum ecosystem irrelevant, forcing the community to seek a new path.
Details: Vitalik Buterin: The Original Vision for Layer-2 is Outdated, Ethereum Needs a New Direction
MBBank Chairman: We do not invest in cryptocurrencies, we only provide services.
The Chairman of the Board of Directors of Military Commercial Joint Stock Bank (MBBank – stock code MBB), Mr. Luu Trung Thai, recently reaffirmed the bank's very clear stance on digital assets: MBBank will not directly invest in cryptocurrencies or crypto assets, but will only play a service-providing Vai . According to Mr. Thai, this is a consistent and unchanging direction in the bank's long-term development strategy.
Details: MBBank Chairman: We Do Not Invest in Cryptocurrency, We Only Provide Services
Co-founder of Multicoin Capital announces resignation.
Kyle Samani, managing partner and co-founder of Multicoin Capital, recently announced his resignation, officially leaving the leading cryptocurrency Venture Capital after more than eight years. The announcement, made by Multicoin in an internal memo, marks a significant turning point not only for Samani personally but also for the entire investment ecosystem surrounding Solana and next-generation blockchain infrastructure trends.
