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According to Decrypt, a 24-year-old man from Connecticut, Elmin Redzepagic, faces up to 375 years in prison for allegedly embezzling nearly $1 million in cryptocurrency investor funds to gamble on the Stake platform.Prosecutors accuse him of posing as a cryptocurrency investment expert working for a market master named "The Chef," promising clients high returns while actually using the funds for gambling. Last month, a federal grand jury indicted him on 21 counts, including 7 counts of wire fraud, 11 counts of international money laundering, and 3 counts of making false statements to IRS criminal investigators.On Thursday, Redzepagic pleaded not guilty to all charges and was released on a $500,000 bail.

According to Bloomberg, Coinbase's stock price rebounded the day after the release of its weak quarterly earnings report. Some bottom-fishing funds believe that the market has already fully priced in the negative factors, and the crypto market may be approaching a temporary bottom.The earnings report shows that the company's trading volume has weakened and trading revenue is under pressure, highlighting its performance's high sensitivity to fluctuations in digital asset prices and retail trading activity. Previously, affected by the overall weakening sentiment in the crypto market, Coinbase's stock price had fallen for several consecutive weeks and had significantly corrected before the earnings report was released. Market analysts believe that, with expectations having been downgraded and positions becoming more defensive, some investors chose to buy on dips, driving the stock price to stabilize and rebound in the short term.

According to market news, the Indiana Senate Committee is advancing the HB1042 bill, which allows state retirement funds to invest in cryptocurrency.

Sonic Labs has issued a statement regarding recent public comments about Andre Cronje and the Sonic network. In 2018, a Korean team initiated an ICO for Fantom (now renamed Sonic), which failed to deliver a fully functional product due to mismanagement, resulting in the depletion of a significant amount of funds. Andre Cronje joined in June 2018 and rebooted Fantom. At the time Andre joined, the treasury held less than $5 million in non-FTM assets, which grew to nine figures between 2020 and 2021.Sonic Labs further stated that Andre did not design the original Fantom token economic model; the model was created by the original Korean team in 2018 and later modified through on-chain governance. Andre does not unilaterally hold or control the Sonic development fund. Andre has never abandoned Fantom/Sonic, designed the original technology, expanded the funding, and continues to serve as a technical advisor, regularly providing guidance to the technical team. There is no instance of fund misappropriation.

According to The Block, Aave Labs has proposed a framework proposal to transfer 100% of the revenue from all Aave brand products to the Aave DAO treasury, and to transfer the related trademarks and intellectual property to the newly established Aave Foundation, while requesting funding support from the DAO for its operations.According to the proposal, Aave Labs will forgo all revenue from future business lines such as Aave v3, v4 protocols, aave.com frontend revenue, Aave Card, and AAVE ETF. In exchange, it requests the DAO to commit to providing $25 million in stablecoins and 75,000 AAVE to cover operational expenses, as well as applying for five grants of $3 million each for the development and marketing of Aave App, Aave Pro, and Aave Card, along with $2.5 million for Aave Kit.Aave Labs stated that the v4 architecture will enable revenue models that were difficult to achieve in previous versions, planning to gradually adjust v3 parameters to guide migration 8-12 months after the v4 launch. The proposal also requests the DAO to coordinate with Labs on v4 development and to postpone the development of new features for v3.Marc Zeller, founder of the Aave Chan Initiative, expressed opposition to this. Zeller described it as a "disguised attempt at cashing out under the guise of goodwill," claiming that Labs is trying to use a radical proposal as leverage in negotiations, "attempting to impose outcomes regardless of the governance process." He estimates that Labs' actual funding request is around $50 million and questions its governance legitimacy.

According to The Block, Barry Silbert, founder and CEO of the American blockchain investment group Digital Currency Group (DCG), stated that in the coming years, 5% - 10% of Bitcoin funds will flow into privacy cryptocurrencies represented by Zcash.Silbert mentioned at the New York Bitcoin Investors Roundtable that while he is optimistic about Bitcoin as a core part of a diversified portfolio, he prefers to invest in transformative projects that have the potential for 100 to 1000 times returns. He believes that projects like Zcash and Bittenser could achieve 500 times growth. Silbert pointed out that the narrative of Bitcoin being seen as "anonymous cash" is no longer valid in the era of blockchain analytics companies like Chainalysis and Elliptic, and he is skeptical about Bitcoin's ability to achieve any privacy features. Notably, Grayscale, a subsidiary of DCG, offers a Zcash trust fund and is seeking to convert it into an ETF.

Ella Zhang, the head of YZi Labs, stated at the Consensus 2026 conference that YZi Labs, in collaboration with Zhao Changpeng, currently manages over $10 billion in funds, focusing on investments in AI, biotechnology, and the Web3 space. Their investment logic adheres to first principles, concentrating on real needs rather than trends. AI is an inevitable trend, biotechnology presents an exponential opportunity to enhance human capabilities, while the cryptocurrency industry has cyclical characteristics.In addition to providing financial support, YZi Labs emphasizes cultivating resilient founders through a mentorship system. Furthermore, it was mentioned that stablecoins are the first key application for cryptocurrencies to go mainstream, and Zhao Changpeng is currently serving as a mentor with an "intern" mindset.

According to CoinDesk, JPMorgan analysts are optimistic about the cryptocurrency market in their latest report, despite the significant market correction. The analysts believe that the inflow of institutional investor funds and regulatory clarity will support the next rally in the digital asset market.The report points out that the production cost of Bitcoin has decreased to around $77,000, although the current trading price is about $66,300, which is below this level. However, the bank believes that this dynamic will eventually self-correct.At the same time, Bitcoin's appeal relative to gold has increased, as gold has recently outperformed Bitcoin, but its volatility has significantly increased. JPMorgan expects that further U.S. crypto legislation (such as the Clarity Act) will provide the necessary clarity for institutional participation, thereby driving market recovery.

The U.S. Department of Justice announced that the cryptocurrency trading platform Paxful Holdings Inc. has been fined $4 million for failing to establish effective anti-money laundering controls.Prosecutors alleged that the platform has long allowed illegal funds related to fraud, prostitution, and human trafficking to flow through it, profiting from these activities. The Department of Justice stated that Paxful was aware that some customer funds were derived from criminal activities but continued to provide services, using lax anti-money laundering regulations as a selling point to attract users. The investigation also pointed out that the platform processed cryptocurrency transactions for websites including Backpage, which is believed to have been used to post advertisements related to prostitution, involving minors. Data shows that from 2015 to 2022, approximately $17 million worth of Bitcoin flowed through Paxful wallets to related websites, with the platform earning at least $2.7 million in profits from this. The Department of Justice stated that Paxful's founder even referred to the resulting business growth as the "Backpage Effect."

According to a report by Finextra, the London Stock Exchange Group (LSEG) announced plans to connect private equity funds to its blockchain digital market infrastructure (DMI) to build an end-to-end digital distribution network for the private market, covering the entire lifecycle processes of asset issuance, tokenization, distribution, settlement, and ongoing management, enhancing fundraising efficiency and investor reach.It is reported that the related services are expected to officially launch in the first half of 2026.

According to Cointelegraph, Ray Dalio warned that CBDCs are coming, which will eliminate financial privacy while giving governments the power to tax, seize funds, and cut off the funding sources of political opponents.

Goldman Sachs issued a warning that as concerns about artificial intelligence potentially disrupting traditional business models continue to rise, hedge funds are shorting U.S. stocks with unprecedented intensity. Data shows that last week, the nominal short-selling volume of individual stocks reached a record high since 2016.Goldman Sachs' prime brokerage team noted in a client report that during the period from January 30 to February 5, hedge fund short-selling volume significantly exceeded buying volume at a ratio of approximately 2:1. Overall, hedge funds have net sold U.S. stocks for the fourth consecutive week, with the selling pace reaching its highest level since early April of last year.Market volatility is closely related to advancements in AI technology. Reports indicate that after Anthropic launched new tools to automate tasks across multiple industries, a concentrated sell-off occurred in the market. Last week, a total of 164 stocks in sectors such as software, financial services, and asset management saw approximately $611 billion in market value evaporate.Despite a rebound in U.S. stocks last Friday, the Nasdaq 100 index still recorded its worst week of the year, reflecting that market sentiment remains fragile.

Bitcoin has rebounded after experiencing a sharp decline, with the price once rising above $65,000, rebounding approximately 11% from the previous low of below $60,000. The market had previously undergone a large-scale deleveraging in a short period, with Bitcoin's pullback from its historical high of about $126,000 in October 2025 expanding to around 50%.Institutional funds are considered an important support force for this round of rebound, with the overall risk exposure of crypto hedge funds significantly increasing. The U.S. spot Bitcoin ETF recorded a record trading volume despite a certain net outflow, which is seen by the market as a clear buying on dips behavior. Analysts point out that the $58,000-$62,000 range constitutes an important short-term support zone, with around $58,000 corresponding to a key long-term moving average level. If the price maintains above this range, it may signal a short-term phase low.

Resolv Stablecoin Protocol Review of 2025 Progress and Outlook for 2026 PlansIn 2025, Resolv built a high-performance infrastructure, achieving deep integration across multiple currency markets and yield sources. Currently, the four core asset clusters in its collateral pool include delta-neutral ETH/BTC, USD-denominated DeFi lending and money market exposure, delta-neutral altcoins, and RWA.The main goals for Resolv in 2026 include: driving continuous growth in total customer value at an institutional scale, establishing USR as a primary asset; expanding the investment scope from Q1 to cover more investment-grade tokenized funds and gradually incorporating investment-grade RWA; optimistic about the continued penetration of stocks and commodities into the on-chain derivatives market, accessing traditional assets (such as gold, other commodities, stock indices, and individual stocks) through delta-neutral strategies, and utilizing on-chain derivatives venues for hedging and liquidity support; introducing external risk experts to further enhance decision-making transparency and observability; continuing to expand in the liquidity lending market under strict risk standards; and upgrading the Resolv infrastructure to a "stablecoin as a service" platform, among others.

According to The Block, Bitwise CIO Matt Hougan stated in the latest client memo that the crypto market has been in a "full-blown crypto winter" since January 2025, with Bitcoin down about 39% and Ethereum down about 53%. He noted that ETFs and digital asset trusts have purchased over 744,000 Bitcoins (approximately $7.5 billion), which has masked the true weakness of the market. Nevertheless, Hougan believes that the market is currently closer to recovery rather than further decline, and pointed out that structural progress in areas such as regulatory advancements, institutional adoption, and tokenization is still ongoing. He stated that crypto winters typically end with market exhaustion rather than excitement, and the current sense of despair and fatigue is similar to conditions seen at previous market bottoms.

According to market news, the address of Huang Licheng (0x020c...) experienced partial liquidation of both its HYPE and ETH long positions, with a total liquidation value of approximately $1.4367 million.Specifically, its HYPE long position was liquidated for 17,765.77 tokens, valued at about $621,000, leaving a total value of $2.1814 million for that position after liquidation; its ETH long position was liquidated for 358 tokens, valued at about $815,700, leaving a total value of $3.1895 million for that position after liquidation. After the liquidation, the total assets in the contract account of that address dropped to $218,500. The owner of the address, Taiwanese artist Huang Licheng, became known for holding BAYC and has been actively trading on Hyperliquid since August 2025, preferring to operate with tokens like HYPE and ETH. Recently, he has frequently made trading errors, encountering liquidation over 70 times within a month, with total losses exceeding $16 million.

According to market news, the largest short whale of on-chain gold, "On-chain Stock Investor" (0xfc66...), has concentrated on shorting various commodities with $80 million, and the weekly profit has reached $9.4 million. This address has been continuously closing positions to take profits, primarily focusing on short positions in on-chain U.S. stocks related to XYZ 100 (Nasdaq 100 Index), with the relevant holdings decreasing from about $19.6 million to less than $300,000 over the past few days.Subsequently, the released funds will be reinvested into short positions in precious metals, with the total scale of related short positions reaching $47 million. Among them, the largest short position is in PAXG (on-chain gold), amounting to $24.9 million. Meanwhile, the overall holding structure of the account has undergone significant changes. The total holding scale has increased to $115 million, retaining about $57 million in commodity shorts, while some focus has been shifted back to the crypto market, with nearly $59 million in new long positions established, heavily buying dips in XRP, SOL, ETH, and other cryptocurrencies. The related holdings in on-chain stocks have been significantly reduced.The current main holdings in commodities compared to last Friday are as follows: 5x PAXG (on-chain gold): the holding scale increased from $12 million to $24.9 million, average price decreased from $5,250 to $4,991, with an unrealized profit of about $980,000; 5x xyz:GOLD (gold mirrored contract): the holding scale increased to $12.8 million, average price decreased from $5,320 to $4,814, with an unrealized loss of about $83,000; 2x xyz:SILVER (silver mirrored contract): the holding scale increased to $9.49 million, average price decreased from $108 to $81, with an unrealized loss of about $170,000.It is reported that this address has previously focused on on-chain contract operations for crypto assets, continuously reducing high-leverage ETH, BTC, and SOL short positions since January 8 of this year; gradually increasing holdings in on-chain stocks, with current on-chain stock positions cumulatively increasing by nearly $80 million within a month, recently returning to the crypto market.

According to Arkham data, at 22:03, 1,082 XAUt (worth approximately $5,295,600) was transferred from Tether to Abraxas Capital Mgmt (Heka Funds).

Gate Research Institute's latest market report indicates that in the past two weeks, the global risk appetite has declined due to rising geopolitical tensions and tariff uncertainties, putting overall pressure on the crypto market and maintaining a defensive oscillation. BTC's rebound has weakened, while ETH is even more sluggish, with funds flowing back to main chain assets and high-leverage network funds flowing out. Mainstream assets have yet to form a trend recovery. The market capitalization structure has become more layered, with the top 400 tokens experiencing a slight pullback, while the 401-500 small-cap segment has strengthened against the trend, with funds shifting towards high-elasticity targets for short-term speculation; on-chain gold-like assets have strengthened, reflecting risk aversion, while some previously high Beta themes have significantly retraced. In terms of volume and price, only a few tokens have shown a resonance in volume, while most remain weak with low volume, and the market is in a transitional phase of "mainstream defense, small-cap rotation, and volume-price differentiation."Against the backdrop of increased market volatility, investors' demand for risk hedging and cross-market allocation has simultaneously strengthened. Gate continues to expand its TradFi footprint, covering diverse contract tracks such as stocks, commodities, indices, foreign exchange, and metals, with its product categories at the forefront of the industry. Recently, the platform's volatility index trading has seen active increases, with BTC and ETH volatility index prices and volumes rising together, indicating an increase in short-term volatility expectations. Gate is providing a more complete multi-asset hedging and strategy tool system by bridging traditional finance and the crypto market.