It seems that the South Korean cryptocurrency exchange Bithumb distributed gift boxes to users with 2000 BTC ($132 million) instead of 2000 KRW ($1.3).
Those lucky enough to receive $132 million instead of $1.3 immediately began to spend, causing a 10% drop in the price of BTC below the market average 🤑
The exchange has yet to make any statement, possibly because it is busy banning the unexpected millionaires.
We can only speculate about the health status of the Bithumb employee who made the mistake 🙁
🇨🇳 China hardens its stance against cryptocurrencies
The Central Bank of China, along with 10 regulators, has effectively confirmed that the cryptocurrency business is illegal in the country. Any operation involving cryptocurrencies is considered an illegal financial activity, the issuance of stablecoins in yuan is prohibited, and the tokenization of real-world assets (RWA) within China is illegal, except for rare exceptions.
At the same time, the fight against mining, fraud, and money laundering through cryptocurrencies is intensifying, and the activities of Chinese residents in the cryptocurrency sector abroad are being closely monitored.
Glassnode warns about the risks of a massive capitulation of BTC
The Realized Profit/Loss Ratio indicator has fallen to ~1.5 and is approaching the critical level of 1.
📉 Historically, surpassing this level triggers a large-scale capitulation: investors record losses en masse instead of gains, the market loses liquidity, and this can lead to a severe drop in BTC.
We may already be in that process, but bitcoin is currently holding at $75,000 😓
🔥 BlackRock is actively transferring BTC to exchanges again today, according to various monitoring services = clients are selling BTC ETFs again.
BlackRock, the asset management giant, has resumed its Bitcoin transfers to various exchanges. This indicates that clients are selling their Bitcoin ETFs again. Note that this movement may influence the Bitcoin market in the short term. $BTC
🔥 Asian Strategy, Metaplanet Company will raise another $137 million to buy BTC on balance and pay debt
The company Metaplanet, based in Asia, plans to raise another $137 million to buy Bitcoin (BTC) and pay its debt. The company intends to use BTC as a reserve asset, which is becoming increasingly common among corporations worldwide. $BTC
🔥 The number of non-empty wallets on the Ethereum network has grown to over 175.5 million, which is a record among all cryptocurrencies. Participation continues to generate great interest, especially in the context of the market's sideways movement. $ETH
🔥 Santiment: AI and Big Data projects with the highest developer activity in the last 30 days
According to Santiment, a leading cryptocurrency analysis platform, AI and Big Data projects have experienced high developer activity in the last month.
These data reflect the growing integration of emerging technologies in the crypto space. $BTC $ETH $BNB
🔥 The Japanese regulator (FSA) plans to officially reclassify the XRP token as a "regulated financial product" by Q2 2026.
The FSA of Japan is taking steps to change the classification of XRP. This token, which has been the subject of much controversy and debate, could be officially considered a "regulated financial product" in the near future. This change is expected by the second quarter of 2026.
This is a big step for XRP and could have significant implications for the future of this cryptocurrency. $XRP
🔥 The majority of institutional investors believe that BTC is undervalued at this time, according to a new Coinbase survey.
The latest data from Coinbase indicates that most institutional investors consider Bitcoin to be currently undervalued. This widespread sentiment may suggest an increase in demand for Bitcoin in the near future.
🔥 Binance will launch Tesla stock futures on February 28
Binance, one of the largest cryptocurrency exchanges in the world, has announced that it will launch Tesla stock futures on February 28. A great opportunity for those interested in trading stocks of this important electric car company.
🔥 Whales accumulate Cardano (ADA) while the price is falling — Santiment data
Large investors, often called "whales", are taking advantage of the falling price of Cardano (ADA) to accumulate more. According to data from the blockchain analysis platform Santiment, these whales are accumulating ADA at a rapid pace, even as the price of the cryptocurrency is dropping.
🔥 Binance requests a European MiCA license in Greece
Binance, the giant of cryptocurrency exchanges, has formally requested a MiCA license in Greece, marking its entry into the European market. This could be a significant step forward for cryptocurrency adoption in Europe!
🔥 Ledger, a manufacturer of cryptocurrency wallets, is planning an IPO in the United States
Ledger, one of the leading manufacturers of cryptocurrency wallets, is planning an Initial Public Offering (IPO) in the United States. This is great news for all cryptocurrency enthusiasts, as it shows that companies in this sector are gaining increasing recognition in the financial world. Stay tuned for more updates!
🔥 Trump's World Liberty Financial (WLFI) partners with Spacecoin
Trump's company, World Liberty Financial (WLFI), has established a strategic partnership with Spacecoin to launch decentralized financial (DeFi) transactions based on satellite technology.
This unprecedented collaboration combines WLFI's financial vision with Spacecoin's technological innovation, which could lead to a revolution in the financial world.