Binance Wallet Momentum (MMT) TGE Subscription Ended, Overfunded by 376x

Feb. 9 (Reuters) – South Korea’s Financial Supervisory Service (FSS) chief Lee Kang-hee said the cryptocurrency sector has structural vulnerabilities requiring urgent stronger regulation, following a recent Bithumb incident where customers received over $40 billion in Bitcoin by mistake. Lee emphasized users who received tokens from the accidental disbursement are legally required to return the assets. The FSS also took a cautious stance on “ghost tokens” and Bitcoin spot ETF products, adding it plans to broaden regulatory oversight through secondary legislation for the “Digital Asset Basic Law.”

February 9th, SY Lee—co-founder of Story Protocol—addressed the delay of the project’s first large-scale IP token unlock to August 2026, noting the blockchain network still needs “more time” to build real-world use cases. The six-month extension will keep team and investor tokens locked to reduce short-term circulating supply pressure. Lee stated near-zero current on-chain revenue fails to accurately reflect Story’s business situation. Its model doesn’t depend on gas fees; instead, it offers permissioned AI training data generated by humans off-chain. He noted the project is shifting from tokenizing media content to “non-scrapable” human contribution data and enterprise partnerships. This adjustment has cut short-term visible on-chain revenue but is designed to unlock long-term commitments and ease token supply pressure. (CoinDesk)

On Feb 9 (yesterday), former Multicoin co-founder Kyle Samani criticized Hyperliquid, claiming its closed-source code "facilitates crime and terrorism." Most crypto industry participants collectively pushed back against the remarks. DBA co-founder Jon Charbonneau rebutted point-by-point: Hyperliquid’s founder was forced to leave his home region amid regulatory pressure; the "aiding crime and terrorism" claim was nothing more than hyperbole—any large financial system (including Solana and traditional banks) faces similar challenges; closed-source code is a product of current security and competitive dynamics, and many projects (including some backed by Multicoin) operate the same way. Andy, Rollup founder and Good Idea VC investor, emphasized Hyperliquid is forcing the market to reexamine token design: Over the next 1-2 years, projects that don’t proactively share revenue with users via buybacks or direct payouts will face a dim future. The key lies in current industry projects’ r

Rosen Law Firm is investigating potential securities claims against holders of Balancer (BAL) tokens, citing allegations that the DeFi protocol may have shared misleading business information with the public. The probe stems from a November 3 Bloomberg report detailing a hack of Balancer that resulted in the theft of over $100 million in digital assets. Security firms PeckShield and Cyvers estimate the total loss from the incident at approximately $128 million. Rosen is currently preparing to file a class-action lawsuit to recover investors’ losses.

On February 9, per GMGN monitoring, Solana ecosystem meme coin PIPPIN has been climbing since early yesterday. Its market cap has jumped from roughly $180 million to $290 million, currently trading at ~$0.292—up 54% over the past 24 hours. Prior to that, the token saw a steady decline between Jan. 28 and Feb. 1, hitting a low of $0.15. BlockBeats advises users that meme coin trading is extremely volatile—often fueled by market sentiment and speculative hype—and lacks real-world value or utility. Investors should exercise caution.

On February 9, Wall Street investment bank Jefferies released a report noting that stablecoin issuer Tether has continued to expand its gold holdings. As of January 31, Tether’s gold reserves had risen to approximately 148 metric tons—valued at roughly $23 billion at current prices. The stockpile surpasses that of many sovereign nations and ranks among the world’s top 30 gold holders. The report details: - Tether added ~26 tons of gold in Q4 2025. - It purchased another ~6 tons in January 2026. - Its quarterly gold purchase volume is second only to a handful of central banks (including Poland and Brazil). Currently, Tether’s reserves exceed those of Australia, the UAE, Qatar, South Korea, and Greece. Jefferies emphasized the gold primarily backs Tether’s U.S. dollar stablecoin USDT and its gold-backed token XAUT. Since Tether is privately held, its disclosures are minimal—meaning actual holdings may be higher than reported. Tether CEO Paolo Ardoino previously state