Polish President once again vetoes controversial cryptocurrency bill
According to Cryptopolitan, Polish President Karol Nawrocki has again vetoed the government's proposed "Crypto Asset Markets Act." This bill aimed to incorporate the EU's "Crypto Asset Markets Regulation Act" into Polish domestic law, but has been criticized for imposing stricter regulations on local crypto companies than EU standards. The controversy centers on granting the Polish Financial Supervisory Authority (KNF) excessive supervisory powers, such as the power to suspend or ban the public offering and trading of crypto assets, and sanctions against intermediaries that violate regulations. The bill also stipulates that failure to report token issuances or service offerings to the KNF will result in criminal liability, with the most serious violations punishable by fines of up to 10 million złotys (approximately $2.8 million). Previously, in December of last year, the Polish president vetoed a bill imposing strict regulations on the crypto asset market.
US Treasury Secretary: Advancing the Clarity Act will help boost Bitcoin prices.
According to DL News, U.S. Treasury Secretary Scott Bessent stated in an interview with CNBC that advancing stalled crypto legislation, such as the Clarity Act, would help stabilize the currently weak market and restore investor confidence. Bessent pointed out that Bitcoin has a history of volatility, but some of the current volatility is "self-inflicted." He noted that a group of Democrats wanted to work with Republicans to advance market structure legislation, but some crypto businesses have been obstructing it. He stated that providing clarity for the Clarity Act would be a great comfort to the market during this period of historic volatility and sell-off, and that completing this work as soon as possible is crucial. The cryptocurrency industry and the banking sector must reach an agreement on the market structure legislation by March 1st.
According to an official announcement, Morpho Association has entered into a partnership agreement with an affiliate of Apollo Global Management. Under the agreement, Apollo and its affiliates can acquire MORPHO tokens through open market purchases, over-the-counter trading, and other contractual arrangements, but a cumulative holding limit of 90 million tokens is set for 48 months, subject to transfer and trading restrictions. Apollo and Morpho will collaborate to support the on-chain lending market on the Morpho protocol. Galaxy Digital UK Limited is serving as Morpho's exclusive financial advisor in this partnership.
According to DL News, based on job postings on various company websites, traditional financial institutions such as BlackRock, Goldman Sachs, Morgan Stanley, and Citigroup are actively recruiting talent with cryptocurrency knowledge. Sam Wellalage, founder of WorkInCrypto, a recruitment agency specializing in the cryptocurrency field, stated that this is just the beginning of traditional finance's large-scale embrace of digital assets. He noted that traditional financial CEOs generally believe that cryptocurrencies will ultimately be integrated into the traditional financial system, rather than existing independently.
According to CoinDesk, the US Senate's crypto market structure bill is deadlocked over stablecoin yield provisions. Bank representatives submitted a document titled "Prohibition of Yields and Interest" at a White House meeting this week, insisting on a complete ban on stablecoin yields, arguing that such yields would threaten the core position of banks' deposit business. The Chamber of Digital Commerce released a corresponding position paper on Friday, defending the Senate Banking Committee's draft bill which allows for rewards under certain circumstances. The organization stated it would accept a two-year study proposed by the banking industry regarding the impact of stablecoins on deposits, provided it does not involve automatic rulemaking. Chamber of Digital Commerce CEO Cody Carbone stated that the industry is willing to forgo the static holding yields closest to bank deposits, but should retain reward mechanisms related to customer transactions and on-chain activity, emphasizing that this is already a significant concession. The White House has asked both sides to reach a compromise by the end of this month.
According to Lookonchain monitoring, a whale associated with Matrixport previously went long on 105,000 ETH (worth $215 million) and has now turned a loss of over $10 million into a profit of over $1 million.
According to Cointelegraph, the Dutch House of Representatives passed a legislative proposal on February 13th to impose a 36% capital gains tax on savings and most liquid investments, including cryptocurrencies. The proposal passed with 93 votes, meeting the 75-vote threshold for approval. Under the proposal, gains from savings accounts, cryptocurrencies, most equity investments, and interest-bearing financial instruments would be taxable regardless of whether the assets are sold. Certain assets, such as startup equity and non-investment physical assets, would be exempt. The proposal still needs approval from the Dutch Senate to take effect, and if passed, it will be implemented in the 2028 tax year. Opponents argue that the bill will encourage capital flows to jurisdictions with more favorable tax policies.
Avenir Group disclosed that its IBIT holdings remained largely unchanged in Q4 2025.
According to Avenir Group's disclosure, it held 18,287,323 shares of BlackRock IBIT in Q4 2025, a slight decrease of approximately 0.053% from 18,297,107 shares in Q3, with a market value of approximately US$908 million based on the closing price on December 31, 2025. Avenir Group has been the largest institutional holder in Asia for seven consecutive quarters since Q2 2024. Final 13F data is pending an update from the SEC.
According to TASS, Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia, stated at the Alfa Talk conference that the Central Bank plans to conduct a feasibility study on creating a Russian stablecoin in 2026. Chistyukhin said that the Central Bank's traditional stance is against such operations, but considering the practices of other countries, it will reassess the relevant risks and prospects and submit the study results for public discussion.
According to The Block, Trump Media Technology Group resubmitted its cryptocurrency ETF proposals on Friday, following delays by the U.S. Securities and Exchange Commission last August. The group plans to launch a Bitcoin and Ethereum ETF, as well as an ETF tracking the native token of Crypto.com's blockchain, Cronos. Both funds will offer network staking yields and will be advised by asset management firm Yorkville America Equities. Trump Media stated that if approved, both ETFs will have a management fee of 0.95%, and subscriptions will be made through Crypto.com's proprietary brokerage firm, Foris Capital US LLC.
According to The Block, Binance founder Changpeng Zhao has disputed reports that Binance fired investigators after they uncovered Iran-related transactions, calling the report "contradictory." Responding to an earlier Fortune magazine report on the X platform, Zhao stated that he was unaware of the specifics but believed the report's logic was flawed. He pointed out that if the allegations were true, it would also demonstrate that these investigators failed to prevent suspicious activity. Zhao added that Binance processes transactions using third-party anti-money laundering screening tools also used by multiple law enforcement agencies. Fortune reported that at least five investigators from Binance's investigation team were fired starting in late 2025 after discovering transactions involving Iranian affiliates on the platform totaling over $1 billion. These transactions primarily occurred on the Tron blockchain, in the form of Tether's USDT stablecoin.
Regarding the previous report that "Gu Ailing will join Benchmark as a senior investment manager," Benchmark investor Bill Gurley responded, "Sorry, just kidding. That's fake news."
CryptoQuant: Bitcoin's "final" bear market bottom is around $55,000
According to The Block, on-chain data analytics firm CryptoQuant suggests that Bitcoin's "final" bear market bottom is currently around $55,000. However, bear market bottoms typically take months to form, rather than being completed by a single capitulation. Analysis shows that Bitcoin's realized price has historically been a major support level during bear markets, and the current price is still more than 25% above that level. Although Bitcoin's realized losses reached $5.4 billion on February 5th when it fell to $62,000, a new high since March 2023, a structural bottom is not yet near. Monthly cumulative realized losses (in BTC) are still far below bear market bottom levels: currently at 300,000 BTC, compared to 1.1 million BTC at the end of the 2022 bear market.
Publicly listed blockchain company Figure confirms customer data breach.
According to Decrypt, publicly traded blockchain lending company Figure Technology has confirmed a customer data breach caused by a social engineering attack on an employee. Figure stated that the attacker downloaded a "limited number of files" through the employee's account. The company has quickly halted the activity and hired a forensics firm to investigate the scope of the affected files. The hacking group ShinyHunters claims responsibility for the attack and has released 2.5GB of stolen data, claiming that Figure refused to pay the ransom. The leaked information includes customer names, addresses, dates of birth, and phone numbers. ShinyHunters members claim this attack is part of a larger campaign targeting companies using single sign-on service provider Okta, with Harvard University and the University of Pennsylvania also allegedly among the victims.
Canary updates its application documents for a spot Trump Coin ETF; BitGo will act as custodian.
Bloomberg ETF analyst Eric Balchunas disclosed that Canary has updated its application documents for the spot Trump Coin ETF, adding several new pieces of information, including confirming that BitGo will serve as the custodian. The ETF's trading code has not yet been announced.
According to The Block, Grayscale has filed an application with the U.S. Securities and Exchange Commission (SEC) to convert its AAVE Trust into an ETF, with plans to list it on the NYSE Arca. The proposed Grayscale AAVE ETF will charge a 2.5% management fee based on net asset value, paid in AAVE, with Coinbase acting as custodian and prime broker.
According to The Block, stablecoin issuer Tether has made a strategic investment in Supreme Liquid Labs, the parent company of Dreamcash, the mobile interface of Hyperliquid. Dreamcash recently deployed 10 USDT0-collateralized real-world asset (RWA) perpetual contract markets through Hyperliquid's HIP-3 permissionless standard. Liquidation for these markets is provided by Selini Capital, and they cover commodities such as the S&P 500, gold, and silver, as well as stocks like Tesla, Nvidia, Google, Amazon, Meta, Robinhood, Intel, and Microsoft.
Web3 entertainment ecosystem project YOAKE announced an additional investment of approximately $3.2 million from Sony Innovation Fund, which will accelerate the expansion of on-chain entertainment scenarios on Sony's Soneium blockchain network. The company is developing an "IRC APP" based on Soneium, using $REC tokens to record and reward fan support activities, forming a transferable value system. YOAKE plans to upgrade this mechanism into infrastructure serving multiple types of IPs, including music, film, games, and animation, and will use Japanese "oshikatsu" (fan support culture) as an entry point to promote related products and gameplay overseas, connecting global fan communities and content providers.
SBI plans to acquire a controlling stake in Singapore-based trading platform Coinhako.
According to an announcement by SBI Holdings, its subsidiary SBI Ventures Asset has signed a letter of intent with Coinhako to inject capital into Coinhako and acquire shares from existing shareholders, aiming to obtain a majority stake and consolidate it into the company's financial statements; the transaction is subject to structural details and regulatory approvals.
The appointment of Bastian Aue as interim co-executive director is effective immediately. Bastian Aue will work with current co-executive director Hsiao-Wei to advance the foundation's operations and ecosystem support.
According to the U.S. Securities and Exchange Commission (SEC) website, Jim Moloney, Director of the SEC's Division of Corporate Finance, stated in a recent announcement that the SEC will advance several rule reforms focusing on crypto assets, simplified Regulation SK disclosures, semi-annual reporting, and the implementation of HFIAA. The Division of Corporate Finance will propose to the Commission a framework for classifying crypto assets and determining "investment contracts," and provide a written regulatory path for related token issuances; it will also review and amend Regulation SK, reducing non-substantive disclosure requirements; prioritize research into providing listed companies with a parallel option for quarterly and semi-annual reporting, as requested by the President; and, in accordance with HFIAA requirements, mandate that directors and officers of foreign private issuers fulfill Section 16 reporting obligations regarding shareholdings and transactions starting March 18, 2026.
According to the Hong Kong Economic Journal, the newly appointed president of the Hong Kong Institute of Certified Public Accountants, Law Cheuk-kin, stated that guidelines are being developed to help the accounting and business communities understand how to handle virtual assets in accounting. The first part of the guidelines, which covers virtual currencies and stablecoins, has already been issued. The second part, which has not yet been announced, relates to the Hong Kong Monetary Authority's (HKMA) audit requirements for stablecoins. The Institute is currently discussing this with the HKMA and expects to release it within six months. The third part of the virtual asset accounting guidelines aims to be launched as early as the end of the year, but it will still need to be communicated with regulators and the industry and reach a consensus before it is released.
The US January unadjusted CPI rose 2.5% year-on-year, while the core CPI rose 2.4% year-on-year.
The US CPI annual rate hit a new low since May last year; the US core CPI annual rate hit a new low in nearly 5 years.
Binance co-founder and executive Yi He posted a statement saying that recent rumors regarding one of its French employees have been circulating. The company has confirmed the safety of the employee and their family and is actively cooperating with law enforcement. He stated that three individuals linked to the incident have been arrested by authorities, and the investigation is ongoing. Binance will continue to fully cooperate with the police. He also thanked the French BRB (Bureau of Crime Prevention) for their swift action and emphasized that the safety of employees, users, and the community is a top priority, reminding the public to be vigilant about suspicious contacts and verify information through reliable channels.
The Trump administration is preparing for Warsh's nomination as Federal Reserve Chair.
According to Jinshi News, the Trump administration is reportedly preparing for Warsh's nomination as Federal Reserve Chairman.
According to Lookonchain, the "Mixin hacker," who stole approximately $200 million in assets, has begun transferring and seemingly selling a total of 59,854 ETH (worth about $117 million at current prices) after two years of silence. About 2,005 ETH (about $3.85 million) were transferred to Tornado Cash 15 hours ago, and subsequently, three new wallets received a total of 2,087 ETH (about $4.03 million) from Tornado Cash and sold them at around $1,933. The hacker's address currently still holds approximately 57,849 ETH (about $113 million) and 891 BTC (about $59.7 million).
US Treasury Secretary Bessenter: (Regarding cryptocurrency) It is crucial to complete the bill as soon as possible; Trump will sign it this spring.
Binance France CEO survives two suspected attempted robberies; suspects arrested.
According to RTL, three masked men armed with weapons broke into an apartment building in Val-de-Marne, France, attempting to find the residence of the CEO of cryptocurrency exchange Binance France. They first mistakenly entered another person's room before entering the target apartment. Finding no one there, they fled, stealing two mobile phones. The three then drove the same car to Vaucresson in the Hauts-de-Seine department, where they again allegedly committed "home jacking." A woman was assaulted, claiming she was questioned about the accuracy of her address. Police located the vehicle using mobile phone tracking and surveillance footage, eventually arresting the three men in Lyon.
BlackRock address deposits 3402 BTC and 1508 ETH into Coinbase
According to Onchain Lens, BlackRock-related addresses deposited 3,402 BTC (approximately $227.5 million) and 1,508 ETH (approximately $29.52 million) into Coinbase.
The Alameda bankruptcy wallet (liquidation address) exchanged approximately 129 million STG (approximately US$26 million) for approximately 11.14 million ZRO (approximately US$25.96 million) yesterday, and then transferred the relevant ZRO to the market maker WinterMute address approximately 12 hours ago.
According to the official website of the Brazilian Chamber of Deputies, the Economic Development Committee submitted an alternative to PL4501/2024: to establish a national strategic Bitcoin reserve, RESBit, with the aim of "hoarding" at least 1 million BTC over 5 years; to allow the use of BTC for tax payment, to grant income tax exemptions for capital gains on digital assets, and to include rights such as users' freedom to self-custody/transfer funds.
