Binance transfers 1.315 bitcoin to the SAFU fund while preparing to buy 1 billion USD BTC
The cryptocurrency exchange Binance has transferred approximately 100 million USD worth of bitcoin from its hot wallet to the Security Asset Fund for Users (SAFU), marking the first step in the plan to convert a user protection fund valued at 1 billion USD into bitcoin.
Blockchain data shows that this is an internal reclassification of existing bitcoin holdings rather than a purchase from the market, following Binance's announcement of the conversion of 1 billion USD worth of dollar-pegged tokens into bitcoin in the next 30 days.
⚡️Will Fed's Warsh be a hawk or a dove? A summary of the forecast perspectives of various organizations
Chief Investment Officer of asset management company BlueBay Mark Dowding stated that the market widely expects Kevin Warsh to provide reasons for a dovish stance, arguing that the productivity gains from AI will ensure inflation is kept in check.
As a result, the futures market continues to anticipate that the Fed will cut interest rates twice this year; compared to other potential candidates, Warsh may be seen as having a weaker dovish stance.
Chief Market Strategist at Sparta Capital Peter Cardillo mentioned that Warsh has always been considered more hawkish, but recently he seems to align more with Trump’s stance.
It is predicted that Warsh will not be influenced by the White House and will maintain caution while achieving a certain balance.
Seth R Freeman, CEO of advisory and capital firm GlassRatner, pointed out that one of Warsh's top tasks after being nominated as Fed Chair will be to restore the credibility of global markets.
Additionally, after confirming Warsh's nomination, precious metals fell sharply indicating that the market will welcome a stronger USD and a different environment. If precious metal prices do not recover significantly next week, it should not come as a surprise.
Four.Meme launches the "tax fee mode" feature, introducing a tax mechanism for transactions on-chain
According to the official announcement, Four.Meme has officially released the tax fee mode (Tax Token). In tax fee mode, after the token completes its graduation phase, the project can collect a certain percentage of tax fees from secondary market transactions and establish the intended use of the tax fees upon creation, including: allocation to a designated wallet, dividend distribution to token holders, burning tokens, or automatically adding liquidity.
All rules are publicly available on-chain and cannot be changed after creation, ensuring a transparent and fair mechanism. Currently, the tax fee mode only supports Fair Mode (X Mode is temporarily not open).
At the same time, Fair Mode adds a sniper protection switch; if sniper protection is enabled, during certain blocks after the token is created, traders will be charged higher transaction fees. This significantly reduces the risk of front-running bots and malicious sniping, protecting initial liquidity and the trading environment.
This update from Four.Meme has provided the BNB Chain ecosystem with a more mature tax fee design and incentive solution on-chain, helping to enhance the sustainability of the token economic model and promote long-term, healthy development of the ecosystem.
The Russian cryptocurrency mining company BitRiver faces bankruptcy, the founder is under house arrest due to tax evasion allegations.
According to a report from the Russian newspaper Kommersant, the Russian cryptocurrency mining company BitRiver is facing a bankruptcy crisis.
The Sverdlovsk Arbitration Court has initiated bankruptcy supervision proceedings against Fox Group, the company holding 98% of BitRiver's shares.
The case was initiated by the "Siberian Infrastructure" company of En+, related to a debt and contract violation fees totaling over 9.2 million USD (about 70 million rubles).
This debt arises from a contract for the supply of equipment worth about 70 million rubles, BitRiver received an advance payment but was unable to deliver the equipment.
Currently, many of BitRiver's mining farms in the Irkutsk region, the Republic of Ingushetia, and other locations have closed or ceased operations, and the cooperation with Gazprom Neft has also ended.
As of the end of 2025, about 80% of the company's management has resigned, and the founder and CEO Igor Runets is under house arrest due to tax evasion allegations. Currently, stakeholders are negotiating asset handling and the transfer of ownership of BitRiver. $ETH
CrossCurve: The exploitation vulnerability has been contained, stolen EYWA has been frozen and cannot be sold
The CrossCurve cross-chain liquidity protocol has released a security update stating that the exploitation of the previous vulnerability has been contained.
The hacker withdrew EYWA tokens from the Ethereum bridge, but since the XT exchange has frozen the deposit function for this token on Ethereum, the hacker currently cannot sell them.
CrossCurve stated that EYWA tokens on the Arbitrum network remain safe. The official team is currently maintaining communication with centralized exchanges such as KuCoin, Gate, MEXC, BingX, and BitMart to ensure that the stolen tokens cannot be circulated and affect the token supply.
The team is conducting a comprehensive investigation into the details of the vulnerability as well as other stolen assets to prevent similar attacks in the future.
According to Caixin citing sources from information providers, JD Coin Chain Technology (Hong Kong) belonging to Kinh Đông Group, which was previously thought to have withdrawn from the race for the first stablecoin license in Hong Kong, has not actually withdrawn from the stablecoin license application.
JD Coin Chain Technology (Hong Kong) is one of three main entities testing in the stablecoin testing sandbox.
Additionally, the Chief Executive of the Hong Kong Monetary Authority, Eddie Yue Wai-man, stated at the Financial Committee meeting on February 2, 2026, that a total of 36 organizations have submitted applications for stablecoin licenses, including banks, technology companies, securities firms, asset management companies, investment companies, e-commerce, payment organizations, startup/web3 companies, among which Standard Chartered Bank (Hong Kong) is highly anticipated due to being one of the three main currency issuing banks in Hong Kong.
The recent trend will depend on whether institutional capital returns, geopolitical risks are alleviated, and other factors.
QCP released a newsletter stating that Bitcoin fell below the important support level of 80,000 USD on Saturday, hitting a low of 74,500 USD, and Ethereum also dropped below 2,170 USD.
This decline comes just as Kevin Warsh was confirmed as the next Fed Chair, causing the market to raise expectations of policy tightening.
According to reports, over 2.5 billion USD in leveraged long positions have been liquidated, increasing bearish pressure. Bitcoin is currently seeking stability around the 74,500 USD level, which aligns with the cycle low of 2025.
The options market continues to show cautious sentiment, but risk hedging levels are lower compared to previous market pressure periods.
Analysts point out that the recent trend will depend on whether institutional capital returns, geopolitical risks are alleviated, and Warsh's policy statements. This is now the fourth consecutive month that Bitcoin has declined.
According to data from DefiLlama, thanks to the wave of AI Agents driven by moltbook recently, the protocol fees of Clanker - the token issuance platform on the Base network - reached 8.02 million USD last week, setting a new record. Yesterday, the number of tokens created by Clanker reached 12,971 tokens, almost hitting the peak since mid-March 2025.
‘This is completely CRAZY': The weekend collapse of Bitcoin exposes the cracks beneath the latest crypto boom
Bitcoin has plummeted to around 77,000 USD, wiping out about 800 billion USD in market value since its peak in October and being pushed out of the top 10 global assets due to liquidations of leveraged long positions.
Escalating tensions between the US and Iran, a strong rise in the USD after the nomination of Kevin Warsh to the Fed, and successive forced liquidations have triggered a widespread sell-off in crypto, gold, silver, and US equity futures. $XAG $XAU