🇸🇬🏦 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
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⚖️ 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
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🕵️ 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
🇭🇰🐳 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
📊 #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.
⛏️ #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
⛏️ #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.
🇫🇷📝 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
🙋♂️ 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