Odaily Planet Daily reports that Victory Securities (Hong Kong) officially shut down cryptocurrency trading for all users with mainland Chinese identities on the afternoon of February 9, 2026. Only withdrawal permissions remain; deposits and new transactions are no longer supported. This is a continuation of the platform's gradual tightening of services for mainland users, including previous measures such as prohibiting purchases and suspending new address verification, aimed at complying with Hong Kong Securities and Futures Commission regulations and relevant mainland policies. Currently, non-mainland tax resident users can still use cryptocurrency trading services normally, and affected users can continue to withdraw their assets.

According to a report by Anhui Online, Odaily Planet Daily, Hefei Xinzhan police, while handling a telecommunications fraud case involving 260,000 yuan, discovered a virtual currency exchange provider offering money laundering services to a fraud gang. On January 15, 2026, police arrested the suspect, Liu, in Sichuan. Investigation revealed that Liu had been engaged in virtual currency trading since 2020, contacting upstream buyers through overseas chat software and conducting transactions with fraudsters on illegal trading platforms. In June 2025, after selling virtual currency on an illegal platform, Liu withdrew the illicit funds deposited into his account to his personal WeChat account, constituting the crime of concealing and covering up the proceeds of crime. The case is currently under further investigation.

In the past hour, total liquidations across the network reached $16.62 million, with $16.27 million from long positions, with $346,893.41 from short positions. BTC liquidation $6.11 million, ETH liquidation $5.03 million.

Huoxun Finance News, February 10th - According to Cointelegraph, Coinbase's "all-in-one app," BaseApp, announced it will discontinue its creator rewards program and its Farcaster-based social feed functionality, focusing entirely on tradable assets in the future. Base creator Jesse Pollak stated that as the app became more publicly available, "we realized we needed to focus on doing fewer things better," and focusing on tradable assets is the way to achieve this. He explicitly stated that the app's core focus should be trading. The creator rewards program will officially end this Sunday, with final payments distributed on February 18th. Pollak also mentioned that BaseApp is not an ideal client for Farcaster's social features, but will continue to support the decentralized social network and its developer ecosystem. This adjustment does not affect BaseApp's "creator token" functionality.

Huoxun Finance reported on February 10th that, according to Lookonchain monitoring, whale "degen-retard.sol" has lost over $3.6 million again on SOL. Approximately two weeks ago, he bought 100,000 SOL tokens (worth $12.4 million) at around $124 per token and staked them. Six hours ago, he sold these SOL tokens, incurring a loss of over $3.6 million. Previously, he had already lost over $6.6 million on SOL.