Encrypted News Highlights, February 7, 2026 "The 'Battle Royale' after the bloody weekend: The battle to defend $60,000 BTC begins, Bithumb mistakenly airdrops 2,000 BTC, triggering a stampede in the Korean market." --- ### 🏛️ Key News: Regulatory Game and Macroeconomic Turmoil * Trump nominates Kevin Warsh to head the Federal Reserve: President Trump has officially nominated Kevin Warsh to succeed Jerome Powell. Warsh's aggressive policy of "simultaneous interest rate cuts and balance sheet reduction" has shattered the market's illusion of an easing cycle in 2026, putting long-term tightening pressure on liquidity in risk assets. * Regulatory guidelines for domestic assets issuing currencies overseas have been released: The People's Bank of China and eight other departments have clarified that, without approval, domestic entities and their controlled overseas entities are prohibited from issuing virtual currencies or stablecoins pegged to the RMB overseas. Virtual currency-related businesses have been classified as "illegal financial activities," triggering a large-scale withdrawal of related projects from China. * Bithumb "Ghost Airdrop" Disaster: The South Korean exchange Bithumb suffered a major operational error, mistakenly distributing a reward of 2,000 Korean won as **2,000 BTC** (a total of 620,000 BTC were mistakenly distributed, representing 3% of the total supply). Although the platform recovered 99.7% of the assets, the instantaneous "ghost sell-off" caused the price of BTC in South Korea to plummet by 10% in a short period, triggering a global deleveraging crisis. * Brazil's "Hammer of Stablecoins" Falls: Brazil has passed a law strictly banning unsecured algorithmic stablecoins such as USDe and Frax, with violators facing up to **8 years in prison**. This move marks the beginning of a "criminalization" era in the global regulation of illegal currency-backed stablecoins. --- ### 📊 Market Analysis: The "Blood Banking" Game Amidst Extreme Panic * Fear & Greed Index Drops to Single Digits: The crypto fear and greed index has fallen to **6 (extreme fear)**, its lowest point since the start of 2026. The BTC RSI reading is only **17**, in the third-largest oversold range in history. * $60,000 "Lifeline": After breaking through $63,000, BTC retreated to the 200-day moving average (approximately $58,000-$60,000) to find support. Glassnode points out that the current market loss has reached 24%, and if the $60,000 mark is breached, the next support level will be $55,000. * Arthur Hayes' "conspiracy theory": Hayes believes the recent market crash was related to traders' structural hedging against **BlackRock IBIT options**. On the day of the crash, IBIT options trading volume reached a record high of **2.33 million contracts**, indicating that institutions were using the options market to hedge against the risk of a spot market collapse. * Strategy (MSTR) stock price halved: MSTR's stock price plummeted by over 17% in a single day, and its financial report confirmed that its 710,000 BTC are now **all at a floating loss** (average price of $76,052). The market is holding its breath awaiting whether it faces the risk of being forced to liquidate due to collateral impairment. --- ### 🚀 Popular Token Radar (24h) | Token | Signal | Triggering Event | Key Points | | --- | --- | --- | --- | | POLY | ↑ Positive | Trademark Application | Polymarket Submitted | _2024111120230_ | Trademark application, probability of issuance rises to **70.8%**. | HYPE | ↑ Positive | Breakout Against the Trend | While the broader market fell by more than 10%, **HYPE** bucked the trend and rose by 6%, with Huang Licheng (Machi Big Brother) continuing to add to his long positions. | MSTR | ↓ Caution | Huge Financial Losses | Q4 Net Loss of $12.4 Billion, Bitcoin Holdings with Unrealized Losses Exceeding $4.6 Billion, Facing a Crisis of Confidence in the Secondary Market. | LIT | ↑ Positive | Whale Opens Long Position | A whale deposited 7 million USDC to long on**LIT** in Hyperliquid against the trend. | USDE | ↓ Caution | Regulatory Penalties | USDe faces compliance challenges due to the Brazilian ban, leading to a surge in protocol clearing volume. | TRIA | → Neutral | Binance Launch | Binance Alpha enables TRIA trading; airdrop threshold dynamically adjusts with market fluctuations. --- Recommendation: With the January non-farm payroll data postponed to February 11th, the market lacks macroeconomic support during this period, making it prone to repeated technical spikes. The $84,000 cost level for BTC spot ETFs has become a strong resistance zone; spot holders are advised to be wary of the risk of a second sell-off after a break below $60,000.