๐ฝ Treasury Secretary - Scott Bessent: "I think that it's impossible to proceed without it. We have to get this CLARITY Act across the finish line." link
๐บ๐ธ๐ Ondo has launched Ondo Perps.
The platform will allow users outside the United States to trade perpetual futures 24/7 with up to 20x leverage and unmatched capital efficiency on leading U.S. stocks, ETFs, and commodities. link
The platform will allow users outside the United States to trade perpetual futures 24/7 with up to 20x leverage and unmatched capital efficiency on leading U.S. stocks, ETFs, and commodities. link
๐ #BTC Bithumb has recovered 99.7% of the 620,000 BTC mistakenly sent to clients.
๐ฆ BitMEX co-founder Arthur Hayes stated that the recent BTC selloff was likely driven by dealer hedging related to iShares Bitcoin Trust (IBIT) structured products. He is compiling a list of bank-issued notes to identify potential trigger points for rapid price swings, emphasizing the need for market participants to adapt as dynamics change. link
X (formerly Twitter)
Arthur Hayes (@CryptoHayes) on X
$BTC dump probably due to dealer hedging off the back of $IBIT structured products. I will be compiling a complete list of all issued notes by the banks to better understand trigger points that could cause rapid price rises and falls. As the game changesโฆ
๐จ๐ณ๐ฎ How to Understand China's New Rules on Tokenization and RWA?
On Feb. 6, Chinese authorities jointly issued Document No. 42, repealing the 2021 "924 Notice". The new rules maintain a strict ban on cryptocurrencies but formally define and regulate RWA (real-world asset tokenization) for the first time. RWA activities are permitted if conducted on approved financial infrastructure and under regulatory oversight. The document also introduces a filing-based framework for offshore tokenization of onshore Chinese assets, indicating a shift from blanket bans to regulated, compliant asset tokenization. #regulation link
On Feb. 6, Chinese authorities jointly issued Document No. 42, repealing the 2021 "924 Notice". The new rules maintain a strict ban on cryptocurrencies but formally define and regulate RWA (real-world asset tokenization) for the first time. RWA activities are permitted if conducted on approved financial infrastructure and under regulatory oversight. The document also introduces a filing-based framework for offshore tokenization of onshore Chinese assets, indicating a shift from blanket bans to regulated, compliant asset tokenization. #regulation link
Substack
How to Understand China's New Rules on Tokenization and RWA?
Today, eight major Chinese authoritiesโโโthe Peopleโs Bank of China (PBoC), National Development and Reform Commission (NDRC)
๐ According to Arscan data, the Arweave (AR) network has not produced a new block for over 24 hours. The last recorded block, #1,851,686, was generated at 11:18:15 (UTC+8) on Feb. 6. link
๐บ๐ธ๐ฆ White House Stablecoin Talks Are Back Tuesday and the Banks Just Joined the Room, Per Eleanor Terrett. #stablecoin
๐ฑ๐ค #BTC The Crypto Fear & Greed Index has fallen to 6, its lowest reading since June 2022.
Back then, Terra-LUNA collapsed, Celsius froze withdrawals, and 3AC blew up โ sending BTC down to $18K, about -70% from its peak.
Today, Bitcoin is just around $68K, down 48% from its October high.
Back then, Terra-LUNA collapsed, Celsius froze withdrawals, and 3AC blew up โ sending BTC down to $18K, about -70% from its peak.
Today, Bitcoin is just around $68K, down 48% from its October high.
โค1
๐ธ SharpLink Gaming continues to hold 863K $ETH despite an unrealized loss of $1B. #gamefi
๐ US investors are buying after Bitcoin touched $60K.
The Coinbase premium is now positive for the first time since mid-January. link
The Coinbase premium is now positive for the first time since mid-January. link
๐ป๐ณ๐ต๏ธ A draft released by Vietnam's Ministry of Finance proposes that individuals, regardless of residency, transferring crypto assets via licensed platforms may face a 0.1% personal income tax on transaction turnover, mirroring the current securities tax regime.
The draft exempts crypto transfers from VAT, while income from crypto transfers by Vietnamese institutional investors will be subject to a 20% corporate income tax. link
The draft exempts crypto transfers from VAT, while income from crypto transfers by Vietnamese institutional investors will be subject to a 20% corporate income tax. link
Hanoitimes
Vietnam to tax crypto asset transfers at 0.1%
This approach mirrors the current tax calculation applied to securities transactions.
๐ต๏ธ Wallet 0x55C1, which had been dormant for 2 years, withdrew another 34,233 $ETH ($68.78M) from Binance an hour ago. link
๐ณ Whale 0x3952 has gone from profit to loss and has started selling $ETH to cut losses.
Approximately 30 minutes ago, he deposited 24,452 $ETH ($50.05M) into Binance, with 56,528 $ETH ($115.3M) remaining.
His PnL flipped from +$47.5M to -$57.3M. link
Approximately 30 minutes ago, he deposited 24,452 $ETH ($50.05M) into Binance, with 56,528 $ETH ($115.3M) remaining.
His PnL flipped from +$47.5M to -$57.3M. link
โค1
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๐ฃ James Lavish believes Bitcoin is experiencing "information arbitrage" and predicts it will trade above $1,000,000 in the early 2030s. He emphasizes that many people do not yet grasp how Bitcoin differs from other assets, viewing it as the ultimate store of value and debasement asset. link