🆕 February 9th (Monday) Global Crypto Top News Bitcoin rebounded strongly over the weekend, recovering to $71,000. However, the Fear and Greed Index remains at 7 (Extreme Fear). Here's a roundup of key news for this Monday morning, filled with constant exchange issues, including the Bybit MM error and Bithumb's follow-up measures! 1️⃣. Market Status (Exchange Risk & Regulation) 🟢 Bybit: MM (Market Making) error causes rapid fluctuations in Ethereum (estimated loss of approximately $100 million) 🟢 Bithumb: Apologizes for incorrect payment and implements '7-day free trading fee' as follow-up measures 🟢 Regulation: Financial Services Commission announces strengthened regulations, including review of eligibility for major shareholders of virtual asset exchanges 🟢 Tether: Cooperates with Turkish authorities to freeze $540 million in illegal betting funds 2️⃣. Projects & Updates 🟢Coinbase: Strengthening the Sui ecosystem, adding DEEP and WAL to the roadmap 🟢Stacks: Bitcoin reorganization led to network outages and liquidity theft 🟢Based: 8% of total supply allocated to Season 1 and 2 airdrops respectively 🟢Plume: Entering the Korean STO market and announcing a collaboration on the Korean Won stablecoin (KRW1) 3️⃣. Check out key market indicators 🟢Fear and Greed Index: 7 (Extreme Fear) 🟢Exchange rate hits 1,463 won, 1.7% GIMP record 🟢BTC $71.0K / ETH $2.10K 💬 COMMENT ✔️ Exchanges in Trouble Following Bithumb's incorrect payment issue, Bybit also suffered a $100 million loss due to a MM error. As the systemic risks of centralized exchanges (CEXs) are becoming increasingly apparent, you should focus on asset diversification and risk management. ✔️ Altcoin Polarization Bitcoin is lagging behind, and altcoins are struggling to keep up. Stacks (STX), in particular, has been hit by a network outage. For the time being, a selective approach is recommended, focusing on projects with solid momentum (such as Sui and Based). The second Monday of February has begun! Fighting for another week!