Bithumb Accidentally Airdrops 620K BTC to Users

️ On today's Top Picks:

Crypto News

• ⭐️ Bithumb mistakenly sends users 2,000 Bitcoin $BTC (~$141M) each instead of 2,000 Korean won (~$1.50) for rewards event; affected accounts were restricted within minutes, though BTC on Bithumb briefly traded as low as ~$55K.

• US White House to meet with crypto and banking executives (again) on February 10th to discuss stalled crypto market structure bill (Clarity Act); discussions to focus on stablecoin yield.

• Strategy $MSTR Q4 2025 Financial Results: holds 713,502 (~$50.3B) Bitcoin $BTC acquired for ~$54.3B at ~$76,052 per BTC; 22.8% BTC Yield in 2025; raised $25.3B in 2025; balance sheet safe unless BTC falls to ~$8K and stays there for five-six years.

• China bans unapproved overseas issuance of yuan-linked stablecoins; also prohibits real-world asset tokenization unless conducted on approved financial infrastructure.

• Tether $USDT $USAT announces $100M strategic equity investment in Anchorage Digital; now valued at $4.2B; also the issuer of Tether's new USA₮ stablecoin.

• Tether $USDT $USAT announces strategic investment in t-0 Network, a "USD₮-powered settlement platform for licensed financial institutions"; amount invested was not disclosed.

• Binance $BNB buys 3,600 Bitcoin $BTC (~$254M), completing third batch of BTC conversion for $1B SAFU Fund; has now bought 6,320 BTC (~$446M).

• ⭐️ Crypto[.]com $CRO Co-founder & CEO Kris Marszalek buys AI[.]com for $70M; to launch as new AI platform offering autonomous AI agents on February 8th.

• Gemini $GEMI to exit the UK, EU, & Australia citing underperforming foreign markets; to also reduce staff by 25%; affected users' accounts will enter withdrawal-only mode on March 5th.

• Polymarket $POLY partners with Circle $CRCL for stablecoin infrastructure; to transition from Bridged USDC (USDC.e) to native USDC in the coming months.

• Upexi $UPXI to raise $7.4M via direct offering to buy more Solana $SOL; currently holds ~2.4M SOL (~$210M), down nearly 50% amid recent crypto dump.

• Bitwise files S-1 registration with US SEC for Uniswap $UNI ETF; first asset manager to file for a UNI-focused ETF.

• Ethereum Name Service $ENS ceases development on L2 Namechain; to launch ENSv2 exclusively on Ethereum $ETH L1; cites Ethereum scaling for the decision.

• PumpFun $PUMP acquires Vyper for an undisclosed amount; to soon sunset Vyper & migrate infrastructure to Terminal (Padre); Vyper users get limited-time 90% cashback on Terminal.

Alpha

• ⭐️ Polymarket $POLY parent company Blockratize files trademark application for POLY token; recently launched Polymarket US app; to potentially officially announce POLY token soon.

• ⭐️ MegaETH $MEGA to launch public mainnet on February 9th; to launch TGE at a later date after 3 Key Performance Indicators (KPIs) are achieved; to use USDM yield to buyback MEGA.

• Reya $REYA launches RNIP-5 proposal; "upgrades Reya’s liquidity pool ahead of the transition from AMM to a high-performance orderbook exchange."

• Human[.]tech $HUMN to launch HUMN token soon; HUMN Season 2 is currently live; HUMN points holders will potentially be eligible for an airdrop.

• ICYMI Nansen launches NX8, a tokenized Layer-1 index; issued & operated by OpenDelta; users can earn Nansen points by holding, trading, and/or liquidity providing NX8.

• ICYMI N1 launches mainnet; 01 perps exchange also launches "private mainnet" & points program on N1; users can earn points by trading, liquidity providing, and/or participating in events.

Airdrops

• Rainbow $RNBW launches airdrop claim; Rainbow points holders are eligible; snapshot was taken on January 26th.

• MetaMask $MASK launches Season 1 $LINEA rewards checker; to launch claim in ~February; to potentially launch Season 2 soon.

• YO $YO launches airdrop claim; YO points holders are eligible; token is non-transferable until enabled via governance vote.

• Espresso $ESP announces another path to airdrop eligibility; top Gate Layer users are eligible; airdrop registration is already live.

• ICYMI Cap $CAP to airdrop $12M cUSD to Cap Frontier program participants; $11M for Caps holders & $1M for COGs holders.

• ICYMI USDai $CHIP to launch airdrop in Q1 2026; Allo (points) Airdrop Aligned holders will be eligible; to announce ICO details soon.

Finance News

• Polymarket projects ~67% chance there will be another US government shutdown by February 14th; due to partisan disputes over Department of Homeland Security funding & immigration enforcement.

• US President Trump signs executive order allowing the US to impose 25% tariff on any country doing business with Iran; Polymarket projects 33% chance of a US-Iran nuclear deal by June 30th.

• US Employers announce 108,435 layoffs in January (+205% MoM) (+118% YoY); highest January total since 2009; Polymarket projects 36% chance US unemployment will go to 5% in 2026.

• Amazon $AMZN Q4 2025 Earnings: reports $213.4B in revenue (+14% YoY), beating expectations; reports EPS of $1.95 (+5% YoY), missing expectations; stock falls due to $200B in planned 2026 capex for AI & data centers.

• Tether $XAUT announces $150M strategic investment in Gold[.]com $GOLD for ~12% stake; to integrate Tether's gold-backed token XAU₮; also exploring integration of Tether's USD₮ & USA₮ stablecoins.

• Galaxy $GLXY approves up to $200M share buyback program over the next 12 months; reported Q4 2025 earnings on February 3rd; holds $2.6B in cash & stablecoins.

• Bitfarms $BITF finalizes shift from Bitcoin $BTC mining to AI infrastructure; to rebrand as Keel Infrastructure & trade on the Nasdaq under the ticker KEEL.

• IREN $IREN Q2 FY26 Earnings: reports $185M in revenue (-23% QoQ, +54% YoY), missing expectations; reports EPS of -$0.52 (-148% QoQ, -420% YoY), missing expectations.

• CleanSpark $CLSK Q1 FY26 Earnings: reports $181M in revenue (-19% QoQ, +12% YoY), missing expectations; reports EPS of -$1.35 (-0% QoQ, -263% YoY), missing expectations.

Security and Exploits

• Strategy $MSTR to initiate Bitcoin $BTC Security Program that coordinates with global cyber & crypto security communities to address quantum threats.

• Ethereum Foundation $ETH launches One Trillion Dollar Security Dashboard, an "overview of Ethereum's security posture, risks, mitigations, and progress across six critical dimensions."

• Ethereum Foundation $ETH awards $50K to Trust Security for identifying ‘high-severity’ attack vector in ERC4337 (account abstraction); also receives ~$60K from several DeFi apps.

Token Unlocks

• XDC Network $XDC / ~$31M / FEB 05th
• Ethena $ENA / ~$24M / FEB 05th
• Hyperliquid $HYPE / ~$327M / FEB 06th
• Berachain $BERA / ~$24M / FEB 06th
• Aptos $APT / ~$13M / FEB 10th
Sourced from Tokenomist

Funding

• ⭐️ Relay raises $17M in Series B funding led by Archetype & Union Square Ventures.

• Ruvo raises $4.6M in Seed funding led by 1confirmation.

The Degen Farmer