10X Research: This Sell-Off Wave Is Driven by ETF Pressure and Forced Liquidations, Bitcoin Could Bottom Out Around $50,000

On February 7, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that the "BTC OG Insider Whale" has again transferred 10,000 ETH to a Binance deposit address linked to Yiliwa. Within half an hour, the whale repaid its loan and withdrew 55,000 ETH from Aave—10,000 of which was deposited into the aforementioned address. Over the past 12 hours, a total of 20,000 ETH and 69.08 million USDT have been deposited, totaling $1.09 billion. This morning, it was revealed that Yiliwa and the "BTC OG Insider Whale" share the same Binance deposit address: - One day ago, the Trend Research address transferred 7.989 million USDT to an address starting with 0xcdF, which then moved the funds to a Binance hot wallet starting with 0x28C. - Earlier this morning, the "BTC OG Insider Whale" transferred 10,000 ETH to the 0xcdF address, which was then sent to the same 0x28C Binance hot wallet.

On February 7, Tether froze over $544 million in cryptocurrency assets at Turkey’s request, targeting funds tied to a suspected illegal online gambling and money laundering network. Analytics firm Elliptic data shows that by the end of 2025, Tether and Circle had blacklisted roughly 5,700 wallets, freezing a total of around $2.5 billion—with roughly two-thirds of that sum held in USDT. Tether Chief Technology Officer Paolo Ardoino noted the company took legal freezing actions after receiving information from law enforcement agencies. This cooperation is part of Tether’s global compliance efforts; the firm has previously collaborated with bodies like the U.S. Department of Justice and the FBI. (Source: Cointelegraph)

**February 7 – Per Caixin, China’s State Council Securities Regulatory Commission (CSRC) issued Announcement No. 1 of 2026, titled *Regulatory Guidance on Domestic Assets’ Overseas Issuance of Asset-Backed Securities Tokens (RWA)*, outlining supervision rules for such offerings:** - Foreign debt-linked RWA falls under the National Development and Reform Commission (NDRC)’s oversight. - Equity-backed RWA and asset securitization (ABS) RWA are regulated by the CSRC. - Repatriating funds from overseas RWA to the domestic market is overseen by the State Administration of Foreign Exchange (SAFE). - Other RWA types are supervised by the CSRC and relevant departments per their respective mandates. **Analysts note that token issuance financing via licensed exchanges in Hong Kong aligns more closely with China’s strategic goals. Currently, Hong Kong Exchanges and Clearing Limited (HKEX) holds a monopoly on Hong Kong’s stock market—and should also allow licensed cryptocurrency exchan

CoinList announced on February 7 that Flying Tulip—a on-chain financial system founded by Andre Cronje—has completed its token sale on the platform, with nearly $10 million in committed funds. Participants received FT NFTs (which include both the token and full redemption rights), and these have been distributed to their respective non-custodial external wallets. Additionally, users have three options to choose from: - **Hold**: Keep the FT NFTs as-is - **Redeem**: Destroy FT at any time to redeem the original asset at face value (redeemed FT will be permanently destroyed) - **Unlock & Trade**: Forfeit redemption rights, but FT will become freely tradable This structure aligns with U.S. news brief language—concise, scannable, and clear on key details.

On February 7th, Virtuals Protocol announced that all graduating AI agents on its Agency Commerce Protocol (ACP) will automatically register under the ERC-8004 standard. Going forward, new assessments and ratings for these AI agents will be automatically transmitted to the blockchain via ERC-8004 and linked to each agent’s unique identity.

On February 7th, HTX market data shows Bitcoin has surpassed $69,000, currently trading at $69,257 with a 1.7% gain in the past hour.