Live Feed

South Korean crypto exchange Korbit will sell approximately 3.2 billion won ($2.37 million) in virtual assets to cover operating expenses, including labor costs, News1 reported. According to a company disclosure, Korbit plans to sell 25 Bitcoins through the Upbit and Bithumb exchanges between Feb. 5 and March 31. The holdings were valued at approximately 3.2705 billion won as of Jan. 25. The proceeds from the sale are planned to be used for operating expenses.

A wallet belonging to Binance's Secure Asset Fund for Users (SAFU) has purchased 1,315 BTC, worth $100.7 million, Lookonchain reported. Binance previously announced it would adjust the asset structure of its SAFU fund by gradually converting its existing $1 billion stablecoin reserve into BTC. However, on-chain analyst ai_9684xtpa noted that the address that received the BTC is not the same one (starting with 0x420ef) that holds the $1 billion in stablecoins, adding that further details would require an official announcement from Binance.

The address for Binance's Secure Asset Fund for Users (SAFU) just received a test transfer of 64.811 USDT from a Binance hot wallet, according to on-chain analyst ai_9684xtpa. Binance previously announced it would adjust the asset structure of SAFU, gradually converting its existing $1 billion in stablecoin holdings to BTC.

According to CoinNess market monitoring, BTC has risen above $77,000. BTC is trading at $77,008.22 on the Binance USDT market.

South Korean crypto exchange Upbit announced it will temporarily suspend Zilliqa (ZIL) deposits and withdrawals from 9:00 a.m. UTC on Feb. 3, due to the network's hard fork.

LD Capital has acknowledged that its recent bet on an early Ethereum (ETH) rally was a mistake, leading it to give back some of its profits. Jack Yi, the founder of LD Capital, stated on X that after previously selling ETH at a high point, the firm re-entered the market around the $3,000 level, anticipating a renewed uptrend. He explained that they believed ETH was undervalued at the time, but this turned out to be a misjudgment. Yi said the company is now managing risk by closing some positions and waiting for the market to turn bullish again. Trend Research, an affiliate of LD Capital, held approximately 650,000 ETH until the end of last month. Following a price decline over the weekend, the firm sold around 40,000 ETH and repaid loans on crypto lending protocols like Aave. Its current holdings are reported to be approximately 608,251 ETH.

The South Korean government is planning to bring income from cryptocurrency activities such as airdrops and staking rewards under its tax system, the Korea Economic Daily reported exclusively. According to ministry sources, the National Tax Service commissioned a research project late last year to reform the country's virtual asset tax framework. The core of the study is to review the adoption of a "comprehensive principle" for crypto taxation, an approach that would treat any economic benefit as taxable even if it is not explicitly listed in the law. A government official stated that authorities have settled on introducing this principle for virtual asset taxation. The official added that they are currently reviewing whether a legislative amendment is required and that discussions among related ministries will begin once the research is concluded.

Ethereum founder Vitalik Buterin stated on X that the future design of on-chain mechanisms will consist of two layers: execution and value judgment. He explained that the execution layer would function like a prediction market, open to all participants, where outcomes result in profit or loss. The other layer, for value judgment, must be decentralized and pluralistic, and its structure should not grant influence based on token holdings. Buterin added that collusion should be prevented through methods like anonymous voting and Minimal Anti-Collusion Infrastructure (MACI). He emphasized that a clear separation between these two layers will be the core of on-chain governance design.

Manta Network (MANTA) announced it has entered into a partnership with Pruv Finance, a regulatory-compliant real-world asset (RWA) infrastructure firm. Through the partnership, Manta Network plans to help fund the development, expansion, and operation of sports and wellness infrastructure in Indonesia.

Kaia announced on its official X account that its developer-specific X account, @KaiaDevelopers, has been hacked. The project urged users to refrain from interacting with the account and to wait for further announcements. No additional updates have been provided so far.

BTC has risen by 1.63% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $76,244.5.

According to CoinNess market monitoring, BTC has risen above $76,000. BTC is trading at $76,053.38 on the Binance USDT market.

According to CoinNess market monitoring, BTC has fallen below $75,000. BTC is trading at $74,964.91 on the Binance USDT market.

Professional golfer Ahn Sung-hyun has been acquitted in an appeals court on charges of accepting billions of won to facilitate a cryptocurrency exchange listing, overturning a previous prison sentence, News1 reported. On Feb. 2, the Seoul High Court's 13th Criminal Division found Ahn not guilty of fraud and breach of trust. He had previously been sentenced to four years and six months in prison in his first trial. Two other individuals tried for their involvement received suspended sentences. Lee Sang-jun, the former CEO of Bithumb Holdings, was sentenced to two years in prison, suspended for three years, and ordered to forfeit 11.525 million won (around $8,700). Kang Jong-hyun, a businessman who solicited the listing, received a one-year prison sentence, suspended for two years.

According to CoinNess market monitoring, BTC has risen above $76,000. BTC is trading at $76,011.4 on the Binance USDT market.

Trend Research, a subsidiary of LD Capital that has been accumulating ETH since last November, has deposited an additional 20,000 ETH to Binance, according to on-chain analyst ai_9684xtpa. A sale at current prices would result in a realized loss of $42.67 million for the firm. As of Jan. 21, Trend Research held approximately 650,000 ETH at an average cost basis of $3,180, but its holdings have since decreased to 608,251 ETH.

Spot gold broke below $4,500 per ounce around 5:50 a.m. UTC on Feb. 2. The precious metal has fallen nearly $1,100 in just three trading days after hitting a high of $5,598.750 on Jan. 29. It is currently trading at $4,558.140, down 6.97% from the previous trading day.

Police in Seoul are searching for a man who allegedly stole 6 million won (approximately $4,500) in a fraudulent in-person cryptocurrency deal, TV Chosun reported. According to the Seoul Gangnam Police Station, the suspect used the popular South Korean second-hand marketplace app Daangn to lure a victim with an offer to sell cryptocurrency below the market rate. The theft reportedly occurred on Jan. 17 in the Nonhyeon-dong neighborhood of Gangnam, where the suspect fled with the victim's cash after meeting for the supposed transaction.

Concerns are growing that Bitcoin could enter a full-blown bear market amid slowing demand in the cryptocurrency market and persistent macroeconomic instability. Nick Ruck, head of research at LVRG, stated that Bitcoin could transition into a clear bear market trend if a short-term rebound does not occur, Cointelegraph reported. He attributed the ongoing selling pressure across the crypto market to a combination of factors, including delays in discussions on the U.S. Crypto-Asset Market Structure (CLARITY) Act and general economic uncertainty. Ruck noted that investors are reducing their exposure to risk assets despite speculation that a pro-crypto figure could be appointed as the next Federal Reserve Chair. This de-risking comes as the U.S. economy grapples with prolonged geopolitical conflicts, U.S. dollar instability, rising unemployment, and inflation. He concluded that the sell-off could intensify if market demand fails to recover swiftly.

Short positions hold a slight majority in BTC perpetual futures trading over the last 24 hours across the top three exchanges by open interest. The aggregate ratio is 48.58% long to 51.42% short. By exchange, the ratios are: Binance at 48% long to 52% short, OKX at 48.79% long to 51.21% short, and Bybit at 49.12% long to 50.88% short.

India will maintain its existing cryptocurrency tax framework, rejecting industry calls for tax reductions, Cointelegraph reported. The government has included the current 30% capital gains tax on crypto assets and the 1% tax deducted at source (TDS) on transactions in its budget for the 2026-2027 fiscal year. Additionally, penalties for non-compliance with transaction reporting requirements have been increased. Effective April 1, a daily fine of 200 rupees will be levied for improper reporting, while false declarations will incur a penalty of 50,000 rupees.

A Nevada court has issued a two-week temporary restraining order against Blockratize, the operator of the decentralized prediction market platform Polymarket, according to Wu Blockchain. The order prohibits Blockratize from offering sports and event-based contracts within the state. The court ruled that the Commodity Exchange Act does not grant the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over Polymarket's contracts.

An address linked to Fenbushi Capital withdrew 2,432 ETH ($5.44 million) from Binance approximately 10 minutes ago, according to The Data Nerd. The address is currently staking 10,944 ETH, valued at $24.48 million.

According to CoinNess market monitoring, BTC has fallen below $75,000. BTC is trading at $74,951.96 on the Binance USDT market.

Plume (PLUME), a blockchain focused on regulatory-compliant real-world assets (RWA), outlined its key achievements from the fourth quarter of 2025 and its core roadmap for the current year in a recent blog post. The project highlighted several major accomplishments, including institutional onboarding, multi-chain expansion, entry into the United Arab Emirates, and listings on the South Korean exchange Upbit and on Coinbase. Looking ahead, Plume's priorities for 2026 include expanding distribution channels, ensuring regulatory compliance, adding new assets and protocols, and enhancing token utility to begin generating fee revenue. The company stated its goal is to solidify its position as the world's largest RWA blockchain and stressed that it will adapt to the rapidly evolving market and regulatory environment by completing these objectives.