According to Lookonchain, Arthur Hayes (@CryptoHayes) transferred 8.57 million ENA (worth $1.06 million), 2.04 million ETHFI (worth $954,000), and 950,000 PENDLE (worth $1.14 million) in the past 15 minutes, which appears to be a sale.

According to Huoxun Finance on February 8th, Investinglive analyst Adam Button stated that gold's failure to hold the $5,000 mark this week was undoubtedly disappointing, but compared to silver's performance, gold remained relatively stable. However, the significant volatility cannot be ignored as it does create unease. The most favorable scenario for gold in the coming week is likely to be reduced volatility, even if this might mean a slight price decline. Unfortunately, gold's volatility may not subside quickly; it tends to subside slowly over a period of time. In the coming days, the market will focus on the potential catalysts from the situations in Iran and Ukraine, and Wednesday will see the release of the latest non-farm payroll report. For bulls, a decline in the US dollar index could provide some encouragement and potentially act as an upward catalyst. It is worth noting that gold has remained resilient despite a series of margin call increases, reflecting genuine intrinsic buying support in the market. Ultimately, if gold prices can consolidate in the $4,500-$5,000 range for several weeks (or months), it would be a positive sign. The downside is that gold's traditional seasonal upward phase is now nearing its end.

Huoxun Finance News, February 8th - In response to the Bitcoin mis-distribution incident, Bithumb released an update on its handling of the incident. The company has completed the process of resolving the mis-distributed Bitcoin, recovering 99.7% of the mistakenly distributed Bitcoins on the same day. The remaining 0.3% (approximately 1,788 Bitcoins) had already been sold and were fully replenished using the exchange's own assets. As of 22:42:52 on February 7th, 2026, Bithumb's Bitcoin asset consistency has been restored to 100%. The main developments of the incident are as follows: 2026-02-06 19:00: Overpayment of activity rewards occurred. 2026-02-06 19:35: Freezing of transactions and withdrawals in the overpayment account began. 2026-02-06 19:40: Freezing of transactions and withdrawals in the overpayment account was completed, and recovery work began. 2026-02-07 00:23: First announcement (incident details and progress of preliminary measures). 2026-02-07 04:30: Second announcement (cause of the incident and progress of asset recovery for overpayment). 2026-02-07 13:00: On-site inspection by the State Financial Supervision and Administration Bureau began. 2026-02-07 17:33: Third notice (announcing a plan to prevent recurrence and provide customer protection compensation). 2026-02-07 22:42: Settlement of all 1,788 Bitcoins sold has been completed using company assets. In addition, according to the previously announced compensation plan, compensation will be distributed sequentially starting today. 1) All customers who logged into the Bithumb application or website at the time of the incident will receive 20,000 Korean Won. 2) Users who sold Bitcoin at a low price during the incident will be compensated 100% of the actual selling price difference plus an additional 10% consolation payment. 3) All trading fees will be waived for 7 days (effective from 00:00 on February 9, 2026).

Huoxun Finance reported on February 8th that, according to on-chain analyst Ai Yi, ETH's 24-hour contract trading volume ranked first on Bybit, reaching $21.58 billion, a year-on-year increase of 354.01%. Market speculation suggests that the abnormal price fluctuations in the early morning were due to a problem with Bybit's market makers. Previously, it was reported that BTC and ETH experienced abnormal price fluctuations in the first ten minutes starting at 00:05, with abnormally high trading volumes on multiple exchanges. Market speculation suggests this may be related to errors in the grid trading strategies of some market makers.

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."