🕵️ A gambler created a new wallet 0x15a4, deposited 5M $USDC into Hyperliquid, and opened a 20× short on 30,000 $ETH ($60.76M).
Liquidation price: $2,143.38 link
Liquidation price: $2,143.38 link
👍1
🕵️ A Polymarket trader, 0x1D8A, spent $2.34M betting on the Seahawks to win the 2026 Super Bowl yesterday. He redeemed $3.41M within two hours, resulting in a profit of $1.07M. link
🇭🇰🐳 Tracing the Crypto Market Selloff: Hong Kong Hedge Funds, or TradFi Cross-Asset Whales?
Bitcoin’s early February 2026 drop to around $60,000 coincided with broader cross-asset deleveraging, fueling speculation about a large fund liquidation. While some attributed losses to ETF-based volatility strategies, others suggested a TradFi player unwinding cross-asset positions. However, industry insiders report no evidence of a major crypto fund collapse, indicating that macro pressure and ETF flows are amplifying the selloff amid low liquidity. #etf link
Bitcoin’s early February 2026 drop to around $60,000 coincided with broader cross-asset deleveraging, fueling speculation about a large fund liquidation. While some attributed losses to ETF-based volatility strategies, others suggested a TradFi player unwinding cross-asset positions. However, industry insiders report no evidence of a major crypto fund collapse, indicating that macro pressure and ETF flows are amplifying the selloff amid low liquidity. #etf link
Substack
Tracing the Crypto Market Selloff: Hong Kong Hedge Funds, or TradFi Cross-Asset Whales?
In early February 2026, the crypto market saw a sharp correction, with Bitcoin briefly falling to around $60,000, its lowest level since November 2024.
📊 #BTC Glassnode: At $70k, the unrealized loss in the market equals ~16% of the market cap. Current market pain echoes a similar structure seen in early May 2022.
🕵️ Bitmine bought 40,613 $ETH for $83.45M last week.
They now hold a total of 4,325,738 $ETH valued at $9.19B and have 2,897,459 $ETH ($6.2B) in staking. link
They now hold a total of 4,325,738 $ETH valued at $9.19B and have 2,897,459 $ETH ($6.2B) in staking. link
🕵️ A firm $ETH bull "0xa5B0" closed his $ETH long after holding it for over 70 days, taking an $8.8M loss.
Then he opened a new 20× long on 60,000 $ETH ($122.2M) — and is already down over $1.4M again. link
Then he opened a new 20× long on 60,000 $ETH ($122.2M) — and is already down over $1.4M again. link
⛏️ #BTC miner and treasury company Cango sold 4,451 BTC for $305 million. This move aims to strengthen its balance sheet and support AI expansion.
🤝 #CLANKER Founder of Farcaster Joins Tempo, A Stablecoin Network Backed By Stripe And Paradigm #stablecoin
🕵️ High buy. Low sell. Again.
Trader 0x8062 traded $ETH twice in the past 7 days. Both trades were high buy and low sell.
• Bought 2,132 $ETH at $2,294 and sold at $2,195.
Loss: $211,681.
• Bought 2,233 $ETH at $2,095 and sold at $2,023.
Loss: $160,911. link
Trader 0x8062 traded $ETH twice in the past 7 days. Both trades were high buy and low sell.
• Bought 2,132 $ETH at $2,294 and sold at $2,195.
Loss: $211,681.
• Bought 2,233 $ETH at $2,095 and sold at $2,023.
Loss: $160,911. link
🇫🇷📝 France’s financial regulator AMF reminded Digital Asset Service Providers that the MiCA transitional period ends on 1 July 2026.
Crypto firms operating in France must obtain MiCA CASP authorisation by then or cease operations.
Providers that do not plan to comply are urged to begin an orderly wind-down by 30 March 2026.
After July 1, 2026, unauthorised crypto services may face penalties, blacklisting, and website blocking. link
Crypto firms operating in France must obtain MiCA CASP authorisation by then or cease operations.
Providers that do not plan to comply are urged to begin an orderly wind-down by 30 March 2026.
After July 1, 2026, unauthorised crypto services may face penalties, blacklisting, and website blocking. link
AMF
The AMF reminds Digital Asset Service Providers that the transitional period allowing them to continue providing crypto-asset services…
Digital Asset Service Providers (DASPs) who were engaged in the provision of crypto-asset services before the date of entry into force of the…
🙋♂️ Backpack announced its token allocation plan:
25% will unlock at TGE (250 million tokens), including
- 24% for Points airdrop (240 million)
- 1% for Mad Lads (10 million).
37.5% allocated to the pre-IPO phase (625 million) will unlock based on growth milestones, while
37.5% allocated post-IPO (375 million) will be placed in the company treasury and fully locked for one year after the IPO as a long-term strategic digital asset. link
25% will unlock at TGE (250 million tokens), including
- 24% for Points airdrop (240 million)
- 1% for Mad Lads (10 million).
37.5% allocated to the pre-IPO phase (625 million) will unlock based on growth milestones, while
37.5% allocated post-IPO (375 million) will be placed in the company treasury and fully locked for one year after the IPO as a long-term strategic digital asset. link
X (formerly Twitter)
Backpack 🎒 (@Backpack) on X
25% on TGE
Here's the entire token distribution
Utility coming next 🎒
Here's the entire token distribution
Utility coming next 🎒
🆕 $ESP Binance has announced the 6th Pre-TGE Prime Sale Edition on Binance Wallet with Espresso (ESP).
12:00 - 14:00 UTC on February 10, 2026
Eligible users need Binance Alpha Points to participate
Subscription Cap per Binance Wallet User: 3 BNB link
12:00 - 14:00 UTC on February 10, 2026
Eligible users need Binance Alpha Points to participate
Subscription Cap per Binance Wallet User: 3 BNB link
📊 #BTC #ETF Glassnode: Overall, the situation remains favorable in the spot market, derivatives market, ETF, and based on on-chain indicators.
Profitability is decreasing, capital inflow is negative, and demand for hedging remains high after the reassessment towards the downside.
Although some signals indicate a possible easing of selling pressure, sustained recovery likely depends on a resurgence in spot demand capable of stabilizing prices above recent lows.
Profitability is decreasing, capital inflow is negative, and demand for hedging remains high after the reassessment towards the downside.
Although some signals indicate a possible easing of selling pressure, sustained recovery likely depends on a resurgence in spot demand capable of stabilizing prices above recent lows.
🔮 #POLY #UMA Polymarket is suing the state of Massachusetts amid a growing conflict between the state and the federal government over prediction markets. link
The Block
Polymarket sues Massachusetts in growing state-federal fight over prediction markets
Courts across the US are split on whether sports-related prediction contracts qualify as regulated financial products or unlicensed gambling.
🇺🇸👀 Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: +3,286 $BTC (+$227.77M)
7D NetFlow: -6,069 $BTC (-$420.76M)
Ethereum ETFs:
1D NetFlow: -54,718 $ETH (-$112.28M)
7D NetFlow: -93,712 $ETH (-$192.3M)
Solana ETFs:
1D NetFlow: -142,052 $SOL (-$12.07M)
7D NetFlow: -208,067 $SOL (-$17.69M)
Bitcoin ETFs:
1D NetFlow: +3,286 $BTC (+$227.77M)
7D NetFlow: -6,069 $BTC (-$420.76M)
Ethereum ETFs:
1D NetFlow: -54,718 $ETH (-$112.28M)
7D NetFlow: -93,712 $ETH (-$192.3M)
Solana ETFs:
1D NetFlow: -142,052 $SOL (-$12.07M)
7D NetFlow: -208,067 $SOL (-$17.69M)