#Silicon Valley Bank went bankrupt causing USDC to continue to depeg#
On March 11, Circle tweeted that Silicon Valley Bank, one of six banking partners that Circle uses to manage about 25% of its USDC cash reserves, is currently awaiting the development of a takeover by the U.S. Federal Deposit Insurance Corporation (FDIC). The news caused investors to panic, and USDC has continued to lose its peg.
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Crypto Market Aggregator|币圈新闻汇总
[1/3] [Crypto/TradFi Merge Update] 2026-02-08 00:00 (Beijing Time) ━━ Important News ━━ 1. China issues regulatory guidelines for “Responsible Vacancies (RWAs) issued overseas by domestic assets”: The guidelines clarify the division of regulatory responsibilities based on the principle of “same business, same risk, same rules.” This means that RWAs issued overseas by domestic assets will be subject to the following regulatory framework: Foreign debt RWAs will be regulated by the National Development and Reform Commission (NDRC); equity RWAs and asset securitization RWAs will be regulated by the China Securities Regulatory Commission (CSRC); RWAs involving the repatriation of funds raised overseas will be regulated by the State Administration of Foreign Exchange (SAFE); and other forms will be regulated by the CSRC in conjunction with relevant departments according to their respective responsibilities. (BlockBeats | PANews(Caixin) | Odaily) 2. Vietnam plans to tax the transfer/trading of crypto assets: 0.1% of the transaction amount for individuals, and 20% for institutions or corporations; crypto transactions are exempt from VAT. Vietnam's Ministry of Finance has proposed a draft tax law that would subject individuals (regardless of whether they are residents or non-residents) to a 0.1% personal income tax on the transfer of crypto assets through licensed platforms (similar to the securities tax system); related income of institutional investors might be subject to a 20% corporate income tax; and the transfer/trading of crypto assets would be exempt from value-added tax (VAT). The draft law also proposes setting high thresholds for digital asset exchanges, such as a legal capital of 10 trillion Vietnamese dong (approximately US$408 million) and a foreign ownership limit of 49%. (Hanoi Times | BlockBeats | Foresight News | TechFlow) 3. Tether assisted Türkiye in freezing approximately $544 million in crypto assets involved in illicit gambling/money laundering. Tether CEO Paolo Ardoino stated that the freeze was executed at the request of the Istanbul Prosecutor's Office. Disclosed information shows that Tether has assisted law enforcement in over 1,800 cases in 62 countries, freezing approximately $3.4 billion in USDT. Elliptic data indicates that by the end of 2025, Tether and Circle have blacklisted approximately 5,700 wallets, freezing a total of approximately $2.5 billion (about two-thirds of which is USDT). (PANews | BlockBeats | Foresight News | Cointelegraph) 4. Strategy (formerly MicroStrategy) reported a huge loss in its Q4 earnings report: unrealized losses of approximately $17.4 billion and a net loss of $12.4 billion. The company stated that it holds approximately $2.25 billion in cash reserves to cover interest and dividends and that there is currently no pressure to sell liquidity. However, Michael Saylor stated in a conference call that "selling Bitcoin is also an option," prompting the market to reassess potential selling pressure. (PANews | Odaily) 5. Bithumb "accidental Bitcoin sending" incident: Customers are expected to lose approximately 1 billion Korean won. The company has launched a compensation and rectification program and established a 100 billion Korean won guarantee fund. Bithumb apologized and stated that it would compensate users who panic-sold at low prices during a specific period with "the transaction price plus an additional 10%", and would also provide compensation to users who visited the site during the incident and offer 7 days of zero transaction fees across the entire site. At the same time, it would cooperate with regulatory investigations, upgrade asset verification/multiple payment/anomaly detection and external auditing, and establish a 100 billion won "customer protection fund". (PANews | BlockBeats | Foresight News | TechFlow) 6. Hong Kong Securities and Futures Commission (SFC) Digital Asset Advisory Group Meeting: Discussion on Enhancing Liquidity and Expanding Product and Service Offerings for Licensed Platforms. The SFC and licensed virtual asset trading platforms discussed the “Strengthening the Digital Asset Ecosystem Plan,” focusing on enhancing liquidity, promoting the expansion of product and service offerings, and emphasizing the balance between innovation and investor protection. (BlockBeats | Foresight News | TechFlow) 7. Market rumors of "institutional collapse" are gaining traction: Winternute CEO expressed strong skepticism, stating that the current market is more orderly and the risks are controllable. Historically, risk signals from 3AC, FTX, and other institutions have often been exposed quickly through industry channels, but no similar signs have been observed so far. Most of the related rumors come from anonymous accounts with insufficient credibility. (PANews | Odaily) Market Analysis 1. Next week's macroeconomic "high-density risk window": a concentration of data and official speeches may amplify cross-asset volatility and transmit it to cryptocurrencies. The US non-farm payrolls, CPI, and retail sales will be released in quick succession, and several Federal Reserve officials will speak out; coupled with geopolitical and policy variables (such as US-Iran negotiations, the Japanese general election, etc.), the risk of volatility spillover increases. (BlockBeats | TechFlow | PANews) 2. 10X Research: Selling pressure may mainly come from the selling and forced liquidation of spot ETFs; a short-term rebound/consolidation is possible, but new lows may still be reached in the summer. CNBC, citing 10X Research, believes that selling pressure this week may come from Bitcoin spot ETF sell-offs, sharp drops triggering forced liquidations, and being dragged down by weaker risk assets; however, further declines this summer cannot be ruled out, with the low point potentially pointing to the $40,000–$50,000 range. (BlockBeats | PANews | Odaily)
ETH
2.02%
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Crypto Market Aggregator|币圈新闻汇总
[1/3] [Crypto and Traditional Finance News Roundup] 2026-02-07 16:00 (Beijing Time) ━━ Important News ━━ 1. The China Securities Regulatory Commission (CSRC) issued and implemented the "Regulatory Guidelines for the Issuance of Asset-Backed Securities Tokens (RWA) by Domestic Assets Overseas". The CSRC issued the "Regulatory Guidelines for the Issuance of Asset-Backed Securities Tokens (RWA) by Domestic Assets Overseas" (〔2026〕No. 1) and it came into effect immediately. The guidelines implement strict supervision and a filing system for "issuing tokenized equity certificates (ABS-like tokens) overseas with domestic assets/cash flow as support". The guidelines require domestic filing entities to submit a filing report and a complete set of overseas issuance materials, and list various prohibited situations such as those involving national security, major criminal offenses, major ownership disputes, and negative lists. (BlockBeats) 2. The US CFTC reissued an employee letter: limited revisions to the definition of "payment stablecoins," including the National Trust Bank. The CFTC’s Market Participation Division reissued Employee Letter No. 25-40 with limited revisions, clarifying that the “national trust bank” can be an approved issuer of payment stablecoins, thus avoiding its exclusion by definition. (Foresight News) 3. The White House will hold another discussion on "stablecoin yields" on February 10. It is expected that the first meeting between banks and industry organizations will be held at the staff level, but it is also expected that bank representatives and industry trade/association groups will attend together for the first time, with the topic focusing on "stablecoin yields". (BlockBeats | Foresight News | Odaily | TechFlow TechFlow) 4. South Korean company Bithumb mistakenly "airdropped/transferred" 620,000 BTC, claiming to have recovered 99.7% and has restricted trading and withdrawals. Bithumb disclosed that due to an internal operational error, a total of 620,000 BTC (approximately 2.95% of the total BTC supply) was mistakenly recorded/transferred to 695 customers. Trading and withdrawals were restricted for 35 minutes after the erroneous payment occurred. The company stated that no funds were transferred to external addresses and that 618,212 BTC (99.7%) has been recovered, along with approximately 93% of the 1,788 BTC equivalent that had already been sold. The incident has sparked controversy regarding "ghost balances/internal control vulnerabilities" at centralized exchanges, and South Korean regulators have reportedly intervened. (BlockBeats | Odaily | TechFlow TechFlow | velo.xyz | BlockBeats) 5. The U.S. Office of the Comptroller of the Currency (OCC) has approved Erebor Bank's application for a nationwide banking license. The bank reportedly intends to provide services to technology companies in the AI, crypto, defense, and manufacturing sectors, as well as related high-net-worth individuals. (TechFlow | Foresight News) 6. Arweave (AR) Network Anomaly: No new blocks produced for more than 24 hours. Block explorer data shows that Arweave has not produced any blocks for more than 24 hours, with the last block height being approximately #1,851,686 (11:18:15 Beijing time on February 6). (BlockBeats | Foresight News | TechFlow | ViewBlock) 7. On-chain monitoring: Trend Research nearly liquidated its ETH holdings and significantly reduced leverage, with estimated cumulative losses of approximately $747 million. Monitoring shows that Trend Research (owned by Yilihua) previously withdrew approximately 792,500 ETH from Binance (at an average price of approximately $3,267), and subsequently deposited back approximately 772,900 ETH at an average price of approximately $2,326, leaving only approximately 21,300 ETH on-chain; the estimated cumulative loss is approximately $747 million. Its lending positions have also decreased to only 2, with total debt of approximately $25 million (health coefficient approximately 1.38–1.58). Further monitoring indicates an address association with the entity labeled "BTC OG/Agent Garrett Jin". (Foresight News | BlockBeats | Odaily | Foresight News) 8. Institutional and On-Chain Fund Movements: BTC whale transferred funds to Binance; Circle issued 1.5 billion USDC on Solana in 9 hours. On-chain monitoring indicates that "BTC OG/related whale" transferred 5,000 BTC to Binance in a short period of time, and another address deposited 1,599 BTC in 2 hours; at the same time, Circle issued 1.5 billion USDC on the Solana chain in 9 hours, and the cumulative issuance on the Solana chain since 2026 is approximately US$14.75 billion. (BlockBeats | Foresight News | BlockBeats | BlockBeats | TechFlow TechFlow) 9. ETF Updates: BTC spot ETF saw net inflows of $330.7 million; ETH spot ETF saw net outflows of $21.3 million; 21Shares submitted an application for an Ondo (ONDO) ETF. The US BTC spot ETF saw net inflows of approximately $330.7 million yesterday (with IBIT contributing the most), while the ETH spot ETF saw a net outflow of approximately $21.3 million yesterday. Bloomberg ETF analysts and media information indicate that 21Shares has submitted relevant applications/documents for an Ondo (ONDO) ETF.
SOL
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Lecter 🔆
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🔥 Guide to testing the network @arc and some notes for you guys: ✅ Arc is a Layer 1 architecture positioned as an Economic OS internet. ✅ Arc is developed by Circle and is currently on a public testnet. Important notes: ✅ Arc is currently focusing on developing its ecosystem, so it's concentrating more on building resources at the moment. ✅ Arc has many Dapps being developed daily, so there are many potential risks when participating. ✅ Please note that most Arc Dapps are developed by third parties. 🔥 How to participate: Use wallets: • Metamask • Rabby Wallet • Trust Wallet • Coinbase Wallet • OKX Wallet Both are fine. Access testnet.arcscan.app, scroll to the bottom of the page and click the “Add Arc Testnet” button to add the network to your wallet. If you encounter errors, try adding the chain manually, or like with the OKX wallet, it will automatically add the chain for you. Additional information: 👉 docs.arc.network/arc/reference...… ✅ USDC Faucet (Official Faucet): faucet.circle.com -> In addition, you can use the Faucet of some third-party dapps, but always be wary of the risks involved. -> Or you can bridge from Seth to Arc ✅ Interact with dapps: As I mentioned, Arc has many new dapps being released daily, so I won't be giving a guide to any specific dapp. Instead, please XEM the link below for updates on the progress of various dapps and to experience them for yourself: 👉 community.arc.network/home/for...… ❌ Always remember that all dapps on Arc are distributed by third parties, so please consider the risks carefully. twitter.com/Lecter_XFinance/st...
ARC
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