Huoxun Finance News, February 8th - According to Cointelegraph, Bullish CEO Tom Farley stated in an interview with CNBC that the cryptocurrency industry may see more projects being acquired by larger companies, potentially leading to a more unified landscape in the coming months. Farley believes that industry consolidation should have occurred a year or two ago, but inflated valuations have maintained a false sense of optimism. Many companies will realize that "they don't have a business, they only have a product."

According to Odaily Planet Daily, crypto journalist Eleanor Terrett revealed that the White House will hold a new round of cryptocurrency meetings next Tuesday, focusing on stablecoin yields. This is the second in a series of meetings, still at the staff level, and will not invite CEOs, but senior policymakers from several banks will attend for the first time. Sources say that major banks such as Bank of America, JPMorgan Chase, and Wells Fargo have received invitations, and Citigroup, PNC Bank, and U.S. Bancorp may also participate; participating banking organizations include the Banking Policy Institute, the American Bankers Association, and the Independent Community Bankers Association. The report states that banks want to restrict crypto companies from paying interest to stablecoin holders, fearing that high-yield accounts will attract deposit outflows and affect loan funding. Crypto companies, on the other hand, believe that this proposal will weaken competition and stifle innovation. Scott Bessant stated this week that deposit volatility is undesirable and that efforts will be made to avoid stablecoin yield payments causing deposit instability. This meeting is related to the progress of the Cryptocurrency Market Structure Act (CLARITY Act). Patrick Witt, executive director of the White House Cryptocurrency Council, has urged all parties to reach a consensus by the end of this month.

Huoxun Finance reported on February 8th that Yi Lihua stated on the X platform, "Firstly, we acknowledge that market cycles remain valid. With the strong performance of US stocks and the new phase of DAT/ETFs, the consensus in the cryptocurrency community has not been broken, coupled with the market's susceptibility to manipulation. However, conversely, the cryptocurrency market entering a bear market also presents the best opportunity to position ourselves, just as we profited from the previous bear market. The future is bright, and we remain optimistic about the next bull market opportunity in the industry. We will continue to work hard building; pessimists are right, optimists win."

According to a Bithumb announcement, the platform has completed all handling of the previous Bitcoin mis-distribution incident and confirmed that as of 22:42:52 on February 7, 2026, users' Bitcoin (BTC) assets have achieved over 100% asset integrity. Bithumb stated that approximately 99.7% of the mistakenly distributed Bitcoin was recovered on the day of the incident, and the remaining 0.3% (1788 BTC) that had been sold has been replenished with the company's own assets, ensuring that users' assets are unaffected. The announcement shows that Bithumb's current reserves of all crypto assets, including BTC, are completely consistent with or higher than users' existing holdings. The platform also released a timeline of the incident handling and announced that user compensation measures will be implemented in batches starting February 8th, including issuing 20,000 Korean Won in compensation to online users during the incident, refunding the price difference to users who sold at a low price and paying an additional 10% consolation money, and providing a 7-day 0% transaction fee discount for all types of transactions starting February 9th. Previous report: Bithumb mistakenly airdropped a total of 620,000 BTC last night, and has now recovered 99.7% of them.

According to Odaily Planet Daily, Matt Hougan, Chief Investment Officer of Bitwise, stated in an article on the X platform that cryptocurrency is narrative-driven, and there are currently nine major narratives poised to lead the next cycle. First, revenue-generating products. Blockchain annual revenue is currently around $7 billion to $8 billion, and as mainstream adoption accelerates, industry revenue will scale to hundreds of billions of dollars, with projects generating revenue receiving rewards. Second, AiFi. AI agents will use cryptocurrencies, stablecoins, and DeFi instead of bank accounts, and its scale is immeasurable. Third, fiat currency retreat. As fiat currencies depreciate, the world will shift towards hard currencies, including BTC. Fourth, institutional adoption. Institutional adoption of cryptocurrencies is a decade-long trend, with a scale measured in trillions. Fifth, regulatory progress. The benefits of proactive regulation have not yet materialized; the Genius Act will take effect in January 2027, and once regulations are clear, investment and mainstream adoption will grow exponentially. Sixth, a stablecoin supercycle. While the assets under management of stablecoins have temporarily stagnated at $300 billion, they are poised to grow to trillions in the future, becoming a pillar of the global payment system in the 21st century. Seventh, tokenization. Currently, only $20 billion in assets have been tokenized, while the global stock, bond, and real estate markets total hundreds of trillions, representing a market penetration rate of less than 0.1%. Eighth, the DeFi resurgence. With the tokenization of RWA assets and improvements in protocol token economics following regulatory clarification, the scale of DeFi will expand 100 times. Ninth, Ethereum is ushering in a "Jobs return moment." Vitalik Buterin's return to the Ethereum ecosystem, analogous to Steve Jobs' return to Apple in 1996, will usher in a period of explosive growth for Ethereum.