#Twitter's concept currency soared#
On November 2, Binance issued an official announcement stating that it will launch the Bluebird Index U-margined perpetual contract at 20:00 p.m. The Bluebird index perpetual contract is used to track the performance of BNB, DOGE, and MASK on the Binance spot market. MASK rose sharply in response, with an intraday increase of more than 80%, breaking through the $4 mark.
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Crypto Market Aggregator|币圈新闻汇总
[1/3] [Crypto/TradFi Merge Report] 2026-02-07 00:00 (Beijing Time) ━━ Important News ━━ 1. Eight Chinese government departments issued document No. 42 of 2026: upgrading the supervision of virtual currencies and RWA tokenization, and restricting offshore RMB stablecoins. The central bank and other eight departments reiterated that virtual currency-related businesses are illegal financial activities in China; financial/payment institutions are prohibited from providing services such as account opening, fund transfer, and clearing and settlement, and Internet companies are prohibited from providing display, marketing and traffic guidance; it is prohibited to issue RMB-linked stablecoins overseas without approval, and conducting RWA tokenization issuance, trading and intermediary/technical services without consent is suspected of being illegal financial activities (except for specific financial infrastructures and those approved by the competent authorities in accordance with laws and regulations), and emphasized the continued crackdown on "mining" and related crimes. (People's Bank of China | The Block | BlockBeats | PANews | TechFlow TechFlow) 2. The China Securities Regulatory Commission (CSRC) issued regulatory guidelines on "Offshore Issuance of ABS Tokens Based on Domestic Assets": The guidelines clarify the definition, filing, and cross-border compliance requirements, and include "tokenized equity certificates issued overseas using DLT and supported by domestic asset/rights cash flow" in the framework. The guidelines require domestic entities that actually control the underlying assets to file with the CSRC and submit a complete set of documents for the overseas issuance. At the same time, they must meet compliance procedures for cross-border investment, foreign exchange, network and data security, and must not harm national interests or public interests. (BlockBeats | PANews | Foresight News | TechFlow) 3. US Treasury Secretary Bessenter: Pushing for the signing of the Crypto Market Structure Act into law is "crucial," saying that the digital asset revolution has arrived and sending a clearer policy signal, emphasizing the importance of market structure legislation; he also mentioned his concern about Hong Kong's "Financial Innovation Sandbox" digital asset mechanism, and noted that market discussions about "gold-anchored digital asset challengers" still lack solid evidence and are mostly at the level of speculation and policy discussion. (BlockBeats | PANews | Odaily | BlockBeats | TechFlow) 4. Accelerated European Regulation and Currency Competition: The EU plans to ban Russian CBDCs, and the ECB urges emergency action in five areas including a "digital euro." EU official Karas stated that Russia's central bank digital currency will be banned; the ECB sent a "checklist" to EU leaders, calling for collective action in key areas, including a digital euro; there are also reports that Eurozone finance ministers will discuss issuing a "euro-denominated stablecoin" and more joint EU debt to enhance the euro's status. (TechFlow | PANews | PANews | BlockBeats) 5. The U.S. Marshals Service's federal crypto wallet, which was stolen, was found to contain approximately $24.9 million. On-chain investigators say the suspect is linked to CMDSS, a company that previously had contracts with the Marshals Service, raising concerns about the security of government-managed and maintained crypto wallets. (TechFlow) 6. Bithumb admits to internal error in reward distribution: "Abnormal amount" of BTC was distributed to some users, causing a short-term sharp fluctuation in the price on the platform. The platform claims that it returned to normal within 5 minutes, has restricted the relevant accounts, and emphasizes that it was not a hacker attack/there were no security vulnerabilities and no loss of customer assets. There were rumors in the market that "2,000 Korean won was mistakenly distributed as 2,000 BTC", but the official statement is that an "abnormal amount" was distributed. (Bithumb Announcement | The Block | PANews) 7. Binance's SAFU Fund used approximately $250 million worth of stablecoins to purchase 3,600 BTC and released its February Proof of Reserves. Binance stated that after the SAFU Fund completed its purchase, the relevant addresses held 6,230 BTC. The February Proof of Reserves (PoR) showed BTC at 100.07%, USDT at 103.76%, ETH at 100.02%, and BNB at 101.26%, and disclosed the monthly changes in user assets. (Binance | BlockBeats) 8. Tether makes a strategic investment in t-0 Network: providing near-instant cross-border payments to licensed institutions using USDT as the settlement layer. t-0 Network claims to use global ledger matching and net settlement to reduce costs, foreign exchange exposure and capital occupation, and strengthen USDT's penetration in institutional payment scenarios. (Tether | PANews | TechFlow) 9. Russia's Sberbank plans to launch "crypto asset-backed loans" for businesses, saying it has completed a pilot program with mining companies. Reuters reports that it plans to launch loan products with crypto assets as collateral for corporate clients and will cooperate with the Russian Central Bank to develop regulatory rules; Russia plans to improve its legislative framework by July 1, 2026.
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Charles💤🎶
I was reminded that this article lacks sufficient background information, and many readers who joined during this period may not understand why someone's departure is worth discussing, or why it signifies the end of an era. Since the Chinese version lacks an introduction, I'll briefly fill in the gaps. (Suddenly, I feel like I'm back to writing the transcript of "Solana's Rise and Fall," only back then there were more bearish investors, making it more conducive to writing. If this post reaches 500k views, I promise to dedicate my second solo talk to this topic, because I realize this is another story no one else can discuss.) In 2018, the two young founders of Multicoin established Multicoin Capital on the eve of the 2017 bull market. Back then, internet attention wasn't as scarce, there wasn't the same hunger for traffic as today, and there was no such thing as CT (Crossfire). With their humble backgrounds, the two founders (especially Kyle) built their business from scratch by engaging in heated debates, publishing every tweet and comment with assertive and arrogant attitudes. The traffic effect was excellent. A year after the initial successful hedge fund fundraising, VF 1 was established. This fund, later hailed as the most successful VF fund in history (not in the crypto industry, but globally), achieved a multiple of 410x (I think that's the exact figure; I've forgotten, this was typed manually). This fund, with only 17 million USD in capital, was characterized by Kyle's three main investment themes: 1. Open Finance; 2. Web 3 (Data Sovereignty - Self-sovereign data); 3. Global, State-free Money. These three investment themes guided Multicoin's investment strategy from 2019 to 2022 and inspired countless KOLs who started in 2018/2019. Many even used Multicoin's "stack theory" to find investment targets, buying top-performing stocks and reaping huge profits of tens or hundreds of times (at the time, the starting price for listing on exchanges was tens of millions, at most hundreds of millions). The most interesting thing is that back in 2019, before anyone else (either in the East or West) was talking about exchange tokens, Multicoin achieved astonishing growth by heavily investing 15% of its BNB in hedge funds. I'll always remember Kyle telling me, grinning broadly, downstairs at Multicoin's Austin office in November 2019 that his dream was for CZ to invest in him. I told him I didn't know him, but I could try my best to help him achieve that. Later in 2021, after countless discussions with Labs, they invested in Multicoin's main fund, marking Labs' only investment in an external fund in its history. Once I started writing, I couldn't stop. All this talk and various factors cannot deny that during this cycle, Kyle, due to some bias and information asymmetry, missed out on various Perp DEXs and didn't heavily invest in any exchange tokens. However, his departure might be a blow to many people from the previous cycle, or even those who were already there. But looking at it another way, how can the industry develop without changes in ownership? I might end up doing a podcast episode anyway, haha. twitter.com/mablemeibao/status...
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