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South Korea's Financial Services Commission (FSC) plans to strengthen its response to new types of crime, such as virtual asset money laundering, by expanding the Travel Rule. In a briefing to the National Assembly's National Policy Committee on Feb. 5, the FSC announced it would enhance its framework for tackling offenses like cross-border crime and digital asset money laundering, Digital Asset reported. The commission is currently pushing to expand the Travel Rule to cover transactions under 1 million won ($680), a threshold that is currently set at 1 million won or more. Additionally, the FSC stated it would support data integration and utilization to foster AI transformation and digital innovation within the financial industry, and would work to establish a comprehensive regulatory system for digital assets.

Ethereum (ETH) founder Vitalik Buterin sold 2,779 ETH over the past three days for $6.22 million, at an average price of $2,238, Onchain Lens reported.

Trend Research, which has been accumulating Ethereum (ETH) since last November, has sold 188,500 ETH ($426 million) at a loss this month, EmberCN reported. The average selling price was $2,263. Following the sale, the firm repaid 385 million USDT to lower its leverage. The liquidation price for many of its ETH-backed loan positions is now concentrated around $1,640. Trend Research still holds 463,000 ETH, worth $998 million, with an average purchase price of $3,180. To date, the firm has realized losses of $173 million and has an unrealized loss of $474 million.

CoinMarketCap's Altcoin Season Index has risen two points from yesterday to 31. The index is calculated by comparing the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, against Bitcoin over the past 90 days. An altcoin season is declared when 75% of these top coins outperform Bitcoin during that period, while the opposite is considered a Bitcoin season. A score closer to 100 is indicative of an altcoin season.

U.S. crypto firms have proposed a new compromise on the contentious issue of stablecoin compensation within the market structure bill known as the CLARITY Act, Bloomberg reported. The proposal includes measures to simplify the path for regional banks to issue stablecoins directly and a mandate requiring stablecoin issuers to deposit a portion of their reserves with these banks. However, a final agreement has not yet been reached. The banking industry has expressed concerns that if crypto exchanges like Coinbase or stablecoin issuers offer compensation on stablecoins, it could lead to customer fund outflows and negatively impact traditional banks. Negotiations between the crypto and banking sectors are currently underway at the White House and in Congress to find a resolution. U.S. Senate Banking Committee Chairman Tim Scott maintained an optimistic outlook, stating that the bill could strike a balance between the two industries. A prior private meeting among Senate Democrats was also reported to have yielded positive results.

BitMEX co-founder Arthur Hayes deposited 3.63 million ENA and 332,226 PENDLE to Galaxy Digital and Binance, Onchain Lens reported. Each token deposit is worth approximately $500,000. Over the past two days, Hayes also purchased 96,116 HYPE for about $3.42 million. He currently holds 161,271 HYPE, worth an estimated $5.78 million.

The Fear & Greed Index from crypto data provider Alternative fell two points from yesterday to 12, continuing the 'Extreme Fear' stage. The index indicates extreme market fear as it approaches zero and extreme optimism as it approaches 100. The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Discussions surrounding the U.S. crypto market structure bill (CLARITY Act) are overly focused on stablecoin revenue while neglecting concerns about privacy violations, BeInCrypto reported. The outlet noted that as the bill clarifies legal roles, intermediaries like exchanges will likely establish intensive surveillance systems voluntarily to avoid regulatory pressure. This could lead to the delisting of privacy coins and the abandonment of technical anonymity. BeInCrypto also pointed out that because the bill fails to provide specific standards for on-chain privacy, the core value of privacy—a philosophical foundation of cryptocurrency—could be undermined without proper public debate.

Whale Alert reported that 206,951,227 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $207 million.

U.S. Senate Democrats reached a positive outcome in a private meeting on the crypto market structure bill, known as the CLARITY Act, reported Eleanor Terrett, host of Crypto in America, on X. Senate Majority Leader Chuck Schumer reportedly attended, emphasizing the importance of cooperating with the industry and urging for the bill's passage. Democrats have not yet presented any specific demands. Terrett added that while the CLARITY Act was considered unpassable, the discussion shows the bill is not entirely off the table.

Multicoin Capital co-founder Kyle Samani is leaving the cryptocurrency industry after about a decade, CoinDesk reported. He plans to research other technology sectors, such as AI and robotics, but will continue to invest in crypto on a personal basis. Samani commented that legislative efforts like the U.S. market structure bill (CLARITY), which would provide legal clarity for crypto, could lead to unprecedented levels of adoption. Meanwhile, he will retain his position as chairman of Forward Industries, a company that holds Solana (SOL).

The U.S. Commodity Futures Trading Commission (CFTC) has withdrawn a proposed ban on political betting in prediction markets and announced a new, market-friendly policy direction, CoinDesk reported. Michael Selig, the new CFTC Chairman appointed by U.S. President Donald Trump, announced that he has scrapped the prediction market regulations proposed last year and rescinded previous guidance that had caused confusion in the industry. Selig described the former guidance as a flawed regulation from the Biden administration and stated his intention to establish new, reasonable rules.

According to CoinNess market monitoring, BTC has risen above $73,000. BTC is trading at $73,040 on the Binance USDT market.

Solana (SOL) has dropped below the $90 mark on the Binance USDT spot market. This is the first time it has done so in approximately two years, since Jan. 26, 2024. The token is currently trading at $90.06, down 6.13% over the past 24 hours.

Coinbase announced the addition of AZTEC and ESP to its listing roadmap.

Stacks (STX) has announced an integration with cryptocurrency custody firm Fireblocks. The move will provide over 2,400 Fireblocks clients with access to Bitcoin DeFi, allowing institutional users to utilize features such as dual staking and BTC-based lending.

According to CoinNess market monitoring, BTC has fallen below $72,000. BTC is trading at $71,920.9 on the Binance USDT market.

According to CoinNess market monitoring, BTC has fallen below $73,000. BTC is trading at $72,957.68 on the Binance USDT market.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.51% - Nasdaq: -1.51% - Dow Jones: +0.53%

Eleven U.S. state pension funds that invested in Strategy (MSTR) have suffered significant losses as the company's stock price has declined, DL News reported. According to the report, these funds, including the New York State Common Retirement Fund and the Florida State Board of Administration, collectively hold nearly 1.8 million shares of Strategy. The current value of their holdings is approximately $240 million, a sharp drop from their initial investment of about $570 million. The recent stock decline has resulted in 10 of the 11 funds incurring a 60% loss on their MSTR purchases. Strategy's stock has fallen 67% over the past six months.

President Donald Trump said that Federal Reserve Chairman nominee Kevin Warsh would understand his desire for a rate cut, Walter Bloomberg reported, citing NBC. Trump added that if Warsh had expressed a desire for a rate hike, he would not have been appointed to the position.

Coinbase announced the addition of RNBW and RAVE to its listing roadmap.

Nasdaq-listed Hyperion DeFi, a strategic investor in Hyperliquid (HYPE), has announced plans to use its HYPE token holdings as collateral for options to generate additional revenue. According to The Block, Hyperion CFO David Knox explained that its strategy is not directional trading or speculation. Instead, the company aims to provide the necessary collateral for writing and settling options, earning revenue through premiums and fees. He added that this income will supplement the returns generated from Hyperion's HYPE token staking. As of early December of last year, Hyperion held over 1.8 million HYPE, valued at approximately $64 million.

Investment bank Stifel has warned that Bitcoin could fall to $38,000, based on an analysis of past market cycles, Walter Bloomberg reported. Stifel cited several factors for the potential decline, including the Fed's monetary tightening, a slowdown in the pace of U.S. crypto regulation, reduced liquidity, and large-scale ETF outflows. The bank also explained that market sentiment has entered a stage of extreme fear, suggesting waning interest from both institutional and retail investors.

Whale Alert reported that 254,300,000 USDT has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $254 million.