π¨π³π΅οΈ TRM Labs reports that Chinese-language guarantee marketplace Xinbi continues operating despite enforcement actions, with about $17.9B in total transaction volume. Unlike peers affected by Telegram crackdowns, Xinbi adapted by moving to new platforms and launching XinbiPay, allowing activity to continue. link
πΈπ¬π¦ Singapore Gulf Bank (SGB) announced the launch of SGB Virtual Accounts, which provide enterprises with automated collections and cash management. This service combines collect-on-behalf-of (COBO) and pay-on-behalf-of (POBO) functions, allowing for unique structured account identifiers for different payers, invoices, or business units, with instant identification and real-time settlement to minimize reconciliation delays and manual processing. link
This media is not supported in your browser
VIEW IN TELEGRAM
βοΈ Question: When Binance founder Zhao pleaded guilty to violating anti-money laundering laws and was sent to prison, Binance injected billions into Trump's family business and Zhao received a pardon. Is that a conflict of interest?
Bessent: I'm unfamiliar with any of that. link
Bessent: I'm unfamiliar with any of that. link
π1
π΅οΈ Arthur Hayes closed all ENA, PENDLE, ETHFI, and LDO positions at a loss.
ENA:
Bought 15.8M at ~$0.23
Sold at ~$0.13 (loss ~$1.54M)
PENDLE:
Bought 1.4M at ~$2.06
Sold at ~$1.34 (loss ~$990K)
ETHFI:
Bought 2.15M at ~$0.74
Sold at ~$0.47 (loss ~$630K)
LDO:
Bought 2.3M at ~$0.56
Sold at ~$0.42 (loss ~$310K) link
ENA:
Bought 15.8M at ~$0.23
Sold at ~$0.13 (loss ~$1.54M)
PENDLE:
Bought 1.4M at ~$2.06
Sold at ~$1.34 (loss ~$990K)
ETHFI:
Bought 2.15M at ~$0.74
Sold at ~$0.47 (loss ~$630K)
LDO:
Bought 2.3M at ~$0.56
Sold at ~$0.42 (loss ~$310K) link
ππ°π³ Tracing the Crypto Market Selloff: Hong Kong Hedge Funds, or TradFi Cross-Asset Whales?
Bitcoinβs 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
Bitcoinβs 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
π° Michael Saylor's 'Strategy' bought 1,142 Bitcoin worth $78 million.
π #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.
βοΈ #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.
π€ #CLANKER Founder of Farcaster Joins Tempo, A Stablecoin Network Backed By Stripe And Paradigm #stablecoin
βοΈ #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.