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Binance holds approximately 87% of the circulating supply of the USD1 stablecoin issued by World Liberty Financial (WLFI), a concentration that suggests a close relationship between the two entities, Forbes has pointed out. According to data from Arkham, Binance holds about $4.7 billion of the total $5.4 billion in circulating USD1. This represents a much higher stake than the exchange holds in other major stablecoins. Crypto researcher Molly White stated that when a specific token is concentrated on a single exchange, it creates risks, such as the potential for the exchange to exert influence over the project. She added that it is highly likely a portion of the 87% is held directly by Binance, rather than just on behalf of its customers. Previously, Binance founder Changpeng Zhao pleaded guilty in 2023 to failures in operating an anti-money laundering (AML) program and was sentenced to four months in prison, but he was pardoned by President Donald Trump last year.

According to CoinNess market monitoring, BTC has risen above $71,000. BTC is trading at $71,011.5 on the Binance USDT market.

Eleven violent wrench attacks aimed at stealing private keys from cryptocurrency holders have been reported so far this year, DL News reported. The media outlet noted that a majority of these attacks occurred in France. It was previously reported last year that an employee of the French tax authorities had provided identity information of cryptocurrency investors to suspected criminals. In January, the crypto tax service firm Waltio was hacked, exposing the personal information of 50,000 customers, including email addresses and tax forms. As the number of individuals directly holding cryptocurrency grows, attacks targeting people rather than technology are on the rise, the report explained.

Federal Reserve Governor Christopher Waller stated that discussions in Congress on regulatory clarity for a cryptocurrency market structure bill have stalled, Walter Bloomberg reported. Waller added that the cryptocurrency craze associated with President Donald Trump is also cooling down.

Morgan Stanley has released an analysis report on Bitcoin mining firms Cipher Mining (CIFR), TeraWulf (WULF), and Marathon Digital Holdings (MARA), CoinDesk reported. The bank assigned an overweight rating to both Cipher Mining and TeraWulf, while giving Marathon Digital an underweight rating. Morgan Stanley argued that these companies should be viewed as infrastructure assets rather than direct investments in Bitcoin. The report explained that if a mining company builds a data center and signs a long-term lease with a reliable partner, its investors are backing infrastructure, not the cryptocurrency. It added that such companies would be better suited for investors who prioritize stable cash flow over traders focused on Bitcoin's price volatility. The bank also noted that companies that still have Bitcoin mining as their core business are unlikely to achieve significant returns. Morgan Stanley set price targets of $38 for Cipher Mining, $37 for TeraWulf, and $8 for Marathon Digital.

As Chinese regulators announce an expanded crackdown on cryptocurrencies to include stablecoins and asset tokenization, analysts believe yuan-pegged stablecoins are unlikely to be approved for trading in the country. According to DL News, these analysts view the move as an enforcement of existing policies, making it improbable that domestic tech firms will secure stablecoin licenses. However, the rules contain an exception clause for "government approval" regarding real-world asset (RWA) projects. This has led to divided opinions on whether Beijing will permit a select few RWA companies to operate within Hong Kong's regulatory sandbox. An anonymous source noted that this is the first time Chinese regulators have mentioned RWA, adding that the detailed guidance provides a clear direction for pilot and sandbox projects, which the source described as a positive sign.

Bitmine purchased an additional 20,000 ETH, worth $41.08 million, from FalconX about 41 minutes ago, Lookonchain reported.

Bitcoin is currently in a state where it would be difficult to spark a rally even with a large influx of capital, according to CryptoQuant CEO Ki Young Ju. He explained on X that in 2024, a $10 billion capital inflow increased Bitcoin's book value by $26 billion. In contrast, last year saw an inflow of $308 billion, yet the market capitalization decreased by $98 billion. Ju stated that the overall market selling pressure is too great for the simple formula of "inflows equal price gains" to hold true. He added that in such an environment, strategies like corporate buying or Digital Asset Treasury (DAT) plans are unlikely to be effective until the market shifts back into a state where it can be pumped.

Dan Romero and Varun Srinivasan, the founders of decentralized social media platform Farcaster, have joined stablecoin startup Tempo, The Block reported. Romero announced the news on his X account, stating that stablecoins are a generational opportunity and that he will work with Tempo co-founder Matt Huang and the entire team to help them achieve mainstream adoption. The move comes a few weeks after Farcaster was sold to Neynar, at which point the founders announced they were stepping down from management.

Crypto market-making firm Jump Trading will acquire stakes in decentralized prediction market platforms Polymarket and Kalshi in exchange for providing liquidity, Bloomberg reported. The deal with Kalshi involves a fixed equity stake, while the agreement with Polymarket will reportedly see Jump Trading's ownership increase progressively based on the volume of liquidity it provides.

According to CoinNess market monitoring, BTC has risen above $70,000. BTC is trading at $70,011.13 on the Binance USDT market.

XRP has entered a stop-loss phase as its price falls below the average cost basis for all holders, triggering widespread selling, according to an analysis by Glassnode. The firm noted that the 7-day exponential moving average (EMA) of the Spent Output Profit Ratio (SOPR) has declined from 1.16 last July to its current level of 0.96. This drop below the 1.0 threshold signifies that realized losses are outpacing profits, suggesting that holders are now selling their positions at a loss. Glassnode compared this pattern to the early stages of the bear market from September 2021 to May 2022, when a similar dip in SOPR below 1.0 preceded a prolonged market correction.

Decentralized prediction market Polymarket has filed a lawsuit against the state of Massachusetts amid a growing movement by U.S. states to classify such platforms as gambling, The Block reported. Polymarket Chief Legal Officer Neil Kumar stated that the authority to regulate event-based contracts rests with the Commodity Futures Trading Commission (CFTC) under federal law and that state governments cannot interfere. The lawsuit follows a ruling last month by a Massachusetts court, which deemed prediction market platform Kalshi's sports event contracts to be unlicensed gambling and prohibited the service from operating without a state license.

Ethereum Layer 2 project MegaETH has officially launched its mainnet, The Block reported. The project aims to achieve a transaction processing speed of 50,000 transactions per second (TPS) and a block time of 10 milliseconds.

Solana (SOL) could fall below $50 after forming a bearish head and shoulders pattern, according to an analysis from Cointelegraph citing multiple experts. The report noted that SOL has already dropped more than 72% from its peak in January of last year. This decline confirmed a downward break from the classic bearish pattern, signaling a potential drop below the $50 mark. The analysis further explained that the SOL/USD monthly chart has been forming this pattern over the past two years and could potentially fall as low as $30 without a clear support level.

BTC has risen by 1.73% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $69,727.99.

The three major U.S. stock indices opened lower today. - S&P 500: -0.24% - Nasdaq: -0.34% - Dow Jones: -0.14%

Bithumb announced at 2:05 p.m. UTC on Feb. 9 that it has temporarily suspended deposits and withdrawals for Vana (VANA), citing a mainnet network issue.

Bitmine (BMNR) purchased an additional 40,613 ETH, worth $83.45 million, last week, according to OnchainLenz. The company now holds 4,325,738 ETH, valued at $9.19 billion and representing 3.58% of the total supply. Of this total, 2,897,459 ETH ($6.2 billion) is currently staked.

Upbit has announced the temporary suspension of deposits and withdrawals for Vana (VANA) due to a node synchronization issue.

Watcher.Guru reported via X that MicroStrategy (MSTR) purchased an additional 1,142 BTC for $90 million last week at an average price of $78,815. The company now holds a total of 714,644 BTC, valued at $54.35 billion, with an average purchase price of $76,056.

If BTC trades at the $70,000 level, the market's unrealized losses would amount to approximately 16% of its total market capitalization, according to on-chain analytics firm Glassnode. The firm added that the current market environment shows a pattern similar to that of early May 2022.

Hong Kong-based blockchain and trading technology solutions provider MATH has announced its decision to allocate 20% of its annual net profit to purchasing Bitcoin. On Feb. 9, the company completed its first purchase of approximately $1 million in BTC at an average price of $54,000. The acquisition was made through MATH's proprietary financial product, the Accumulator, a derivative contract for making regular purchases at a price lower than the market rate over a set period. MATH stated that Bitcoin is the foundation of the entire blockchain industry and accumulating it at current price levels will enhance shareholder value in the long term.

Whale addresses holding more than 1,000 BTC accumulated approximately 40,000 BTC during the recent market downturn, Cointelegraph reported, citing data from Glassnode. The accumulation was split between two cohorts: addresses holding 1,000 to 10,000 BTC added around 22,000 BTC, while those with 10,000 to 100,000 BTC purchased about 18,000 BTC. Following the whale buying activity, BTC rebounded nearly 20% from a low of $60,000 to reach $72,000. Adding to the recovery momentum, the Binance Secure Asset Fund for Users (SAFU) purchased an additional 4,225 BTC, worth approximately $300 million. The SAFU address now holds a total of 10,455 BTC.

Cango (CANG), a Bitcoin mining company listed on the New York Stock Exchange (NYSE), announced it sold 4,451 BTC last weekend, generating proceeds of $305 million. The entire amount was used to repay a portion of its BTC-collateralized loans. Cango stated that the sale will help it actively pursue a transition into AI computing infrastructure.