According to Odaily Planet Daily, based on monitoring by on-chain analyst Yu Jin, with Trend Research essentially completing its liquidation, their final loss on ETH is now clear: approximately $734 million. They entered long positions at an average price of $2,667 for 231,000 ETH and liquidated at an average price of $4,027, making a profit of $315 million. They also entered long positions at an average price of $3,180 for 651,500 ETH and liquidated at an average price of $2,053, incurring a loss of $734 million. However, according to some sources, while Trend Research suffered a huge loss on ETH, the fund as a whole did not lose money; only previous profits were largely wiped out. Their profits in other cryptocurrencies offset the ETH losses; for example, they made money on WLFI and FORM.

According to Lookonchain monitoring, two whales have accumulated a total of 29,079 ETH in the past half day. Specifically: 0x46DB withdrew 19,503 ETH (worth $40 million) from OKX in the past 13 hours, and 0x28eF withdrew 9,576 ETH (worth $19.78 million) from Binance in the past 8 hours.

Huoxun Finance News, February 7 - Bithumb issued an apology announcement regarding the erroneous payment incident. Bithumb stated that it failed to adhere to the primary principle of virtual asset trading platforms: "stability and integrity." After the incident, it has reported to all relevant departments and is fully cooperating with the investigation by the Financial Supervision and Administration Bureau. 1. Bithumb will improve its systems and processes to prevent human error from escalating into an accident. To prevent such incidents from happening again, Bithumb has upgraded its internal control system and developed innovative measures. (1) Strengthen the asset verification system: It will strengthen the verification of customer and company assets during the payment process based on events or company policies. (2) Improve the multi-payment system: It will improve some previously missing processes to ensure that customer asset transfers and reward payments require at least two payment steps, thereby preventing similar incidents from happening again. (3) Strengthen the AI system for abnormal transaction detection and automatic interception: Once abnormal transactions or data are detected, the system will immediately activate the "security protection" system, which will run 24 hours a day to prevent incidents from happening at the source. (4) External expert system audit: A global security expert organization will be commissioned to conduct a comprehensive system assessment of Bithumb and the results will be made public and transparent. 2. The company will assume full responsibility for preventing customer losses. Since the second announcement, there has been no direct loss of customer assets due to the overpayment incident. However, due to the price crash, some transactions that were unfavorable to customers (panic selling) were confirmed during the event. Bithumb believes that these transactions fall within its responsibility to protect customers and plans to provide full compensation to affected customers, including additional compensation. As of 16:00 on February 7, 2026, the estimated customer losses are approximately 1 billion Korean won. The company plans to compensate for any additional losses. (1) Special compensation for panic selling: Users who sold at low prices during the event (19:30-19:45 on February 6, 2026) will receive full selling price plus an additional 10% compensation. (Automatic payment within one week after data verification.) (2) Compensation for all Bithumb users who accessed the service during the incident: All users who accessed Bithumb services during the incident will receive 20,000 won in compensation within one week. (3) Transaction fee waiver for all users: Transaction fees for all trading instruments will be reduced to 0% for seven days. (To be announced later) (4) Establishment of a 100 billion won "Customer Protection Fund": A special fund will be established to immediately salvage customer assets in the event of an incident. Previous news: Bithumb: 620,000 Bitcoins were actually mistakenly sent, and 99.7% have been recovered.

According to Huoxun Finance on February 7, blockchain analyst Ai Yi and trader Eugene Ng AhSio stated that Garrett (the 1011 whale that liquidated $230 million) has started dumping its shares, and traders who do not want to be the ones left holding the bag have chosen to exit the market.

Odaily Planet Daily reports that Caixin published an article titled "China Allows Domestic Assets to Issue RWAs Overseas: Regulatory Framework Announced," which states that the issuance of RWAs (Real-World Asset Tokenization) overseas by Chinese domestic assets will no longer be a gray area. Regulatory authorities believe that foreign debt RWAs, equity RWAs, and asset securitization RWAs should be regulated according to the principle of "same business, same risk, same rules," referring to the same legal and regulatory oversight as their corresponding traditional financing businesses. Therefore, foreign debt RWAs are regulated by the National Development and Reform Commission (NDRC); equity RWAs and asset securitization RWAs are regulated by the China Securities Regulatory Commission (CSRC). Similar to traditional overseas financing businesses, overseas RWAs also involve the repatriation of funds raised overseas, which is regulated by the State Administration of Foreign Exchange (SAFE). Other forms of RWAs are regulated by the CSRC in conjunction with relevant departments according to their respective responsibilities. In short, there are three types of RWA: foreign debt RWA, equity RWA, asset securitization RWA, and other forms of RWA. The first three correspond to the traditional overseas financing business, where corporate foreign debt is reviewed and registered by the National Development and Reform Commission, stock issuance is reviewed by the stock exchange and registered by the China Securities Regulatory Commission, and asset securitization is reviewed by the stock exchange. All other situations are classified as the fourth type.