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The Bank of Korea announced the recruitment of 10 new employees, some of whom are required to have at least five years of experience in the cryptocurrency industry, starting as digital asset market analysts as early as July this year, responsible for researching the impact of cryptocurrencies, stablecoins, and tokenized assets on financial stability.The recruitment news coincides with the central bank's restart of the CBDC project, the Han River project, which was halted last year due to feedback from pilot users regarding inconvenience. The new round of plan adjustments is repositioned towards government and enterprise application scenarios: the authorities aim to distribute 25% of government subsidies in digital won by 2030 and plan to launch pilot payments in the first half of 2026. The head of the digital currency planning team at the Bank of Korea stated that stablecoins and CBDCs are not in competition but rather complement each other. This deployment aligns with upcoming legislation, as South Korea will lift the long-standing ban on the domestic issuance of cryptocurrencies and stablecoins.

According to monitoring by Hyperinsight, U.S. stock cryptocurrency concept stocks collectively fell back, with Circle (CRCL) down 20.1%. The contract for this asset on Hyperliquid is currently reported at $102.7.During this sharp decline, two on-chain whales (0xcee) and (0x51b) simultaneously took action to bottom-fish early this morning, each opening about $1 million in CRCL long positions, with average entry prices of $106 and $103 respectively, and the liquidation price for the closest one is at $95.8.

According to the official announcement, Gate will launch a VIP rewards triple gift event from March 20 at 19:00 to April 3 at 23:59 (UTC+8), providing multiple incentives for trading users, asset holding users, and VIP advanced users. The event includes three main sections: trading cashback program, fund upgrade program, and VIP growth camp.Among them, in the trading cashback program, users with VIP level 5 and above who sign up will receive a level acceleration reward of VIP level +2 (limited to 15 days, up to VIP 10) if their cumulative contract trading volume reaches the specified amount within 30 days. At the same time, users who meet the cumulative contract trading volume requirements during the event period can also receive a 10% trading cashback voucher, capped at 800 USDT. In the fund upgrade program, users with VIP level 5 and above who meet the asset and net deposit conditions can unlock three fund benefits, including a maximum of 8% USDT wealth management interest rate voucher, a maximum of 20 GT airdrop rewards, and a VIP exclusive 30-day fixed-term wealth management gift of gold activity.In addition, the platform will simultaneously launch the VIP growth camp, providing advanced support for potential users. Users who meet the asset or trading conditions can sign up to receive a VIP 5 experience card (15 days); users who successfully upgrade to VIP 5 during the event period can also receive a VIP newcomer gift package and participate in sharing a 500,000 USDT airdrop prize pool.

According to CoinDesk, influenced by Trump's 48-hour ultimatum to Iran and threats to strike power facilities, Bitcoin quickly fell back over the weekend, dropping below the $69,200 mark, with a 24-hour decline of about 2.2%, and a weekly decline expanding to 3.1%. Affected by market sentiment, mainstream crypto assets weakened simultaneously: Ethereum fell to about $2,114, while XRP, BNB, Solana, Dogecoin, and others recorded varying degrees of decline.This week, the Federal Reserve kept interest rates unchanged, and its dovish stance should have supported risk assets, but the ongoing war risk news has made traders hesitant to make significant unilateral bets. Analysts believe that if Iran does not restore passage through the Strait of Hormuz by the deadline, the conflict may escalate further to the level of energy infrastructure, compounded by disruptions to about 20% of global oil and gas transportation, which may continue to suppress the performance of risk assets.

According to Binance spot data, the market has experienced significant fluctuations. ANKR has dropped 12.57% in the last 24 hours, ETHFI has dropped 17.71% in the last 24 hours, and has shown a "high and then low" state.At the same time, THE has slightly increased by 3.25% in the last 24 hours and has shown a "5-minute slight increase" state. IDEX has shown a "bottoming out and rebounding" state, with an increase of 5.66%. The remaining tokens have all shown a "high and then low" state, with NEO down 5.42%, COTI and FTT both down 6.5%, PHB down 10.15%, and SYN down 6.57%.

According to a post by Binance Research, the escalation of geopolitical conflicts combined with a hawkish Federal Reserve has led to a global market experiencing oil-driven stagflation shocks, including: oil prices soaring: Brent crude up 7%, WTI crude up 4.2%; stock markets broadly declining: S&P 500 down 1.45%, Nasdaq down 1.25%, Russell 2000 down 1.64%; metals under pressure: gold down 3.6%, silver down 4.9%; dollar and U.S. Treasuries: the dollar index up 0.76%, the 10-year U.S. Treasury yield rising by 6.5 basis points, VIX fear index soaring 17% to 25; cryptocurrency market: Bitcoin down 4.6%, Ethereum down 5.2%.In terms of macro and Middle East dynamics, Iran has threatened to strike Gulf energy facilities following an Israeli attack on its largest gas field; Qatar's Ras Laffan Industrial City confirmed missile damage. Oil transportation through the Strait of Hormuz remains 98% lower than pre-conflict levels. The Pentagon has requested the White House to approve over $200 billion in special funding for the war against Iran; the Federal Reserve has kept interest rates unchanged, still expecting one rate cut within the year, but PPI data exceeded expectations (month-on-month 0.7%, expected 0.3%).France has expressed willingness to assist in ensuring the safety of the Strait of Hormuz after the intense phase of the conflict, while most European countries have refused to join U.S.-led actions. The market is experiencing a classic oil-driven stagflation shock, with the U.S. and Israel's first direct strike on Iranian upstream energy assets, combined with attacks on Qatari facilities and disruptions in Hormuz shipping, creating positive feedback between energy shocks, unexpected PPI, and a hawkish Federal Reserve, driving the dollar higher and yields up, with risk aversion spreading to all assets. About 45% of S&P 500 constituents have entered a buyback blackout period, further weakening technical support. Gold and Bitcoin have fallen in sync, confirming a broad risk-off process.The market is concerned that a continued blockade of Hormuz (over 1 month) could push Brent crude to $150, exacerbating recession or stagflation risks. Recent attention should focus on the final date of Trump's visit to China, progress on market structure legislation, the IEA releasing 400 million barrels of oil reserves (prioritizing Asia and Oceania), and daily tracking of shipping data through the Strait of Hormuz (still at single-digit levels).

Bitget launches VIP exclusive BTC dual investment, targeting VIP users participating in BSB PoolX from March 5, 16:00 to March 10, 16:00 (UTC+8). During the event, relevant users can go to the "Easy Earn" section to subscribe for BTC, enjoying a maximum of 2.5% APR. The subscription period is from March 10, 16:00 to March 15, 16:00 (UTC+8).At the same time, Bitget will allocate an additional 188,888 BSB rewards to users who meet specific trading thresholds based on the BTC deposit time, amount, and holding duration. For more details, please check the Bitget official platform.

According to the official page, the annualized interest rate for GUSD minting on the Gate platform has now been increased to 3.4%, and the annualized yield for GUSD dual-currency investment is between 1.03% and 712.51%. At the same time, the Gate Launchpool IDOS project is ongoing: the annualized yield for the GUSD pool is currently reported at 3.93%, the annualized yield for the BTC pool is currently reported at 2.54%, and the annualized yield for the IDOS pool is currently reported at 934.97%.GUSD is a high-yield asset supported by the income from the Gate ecosystem, government bonds RWA, and stablecoins. The product supports trading and collateral, allowing users to earn annualized returns daily, aiming to provide users with relatively stable returns.

Bitget launches VIP exclusive BTC dual investment, targeting VIP users participating in PoolX from February 15, 18:00 to February 24, 18:00 (UTC+8). During the event, eligible users can go to the "Easy Earn" section to purchase BTC, with a maximum APR of 2.5%. The purchase window is open from February 24, 18:00 to March 1, 18:00 (UTC+8).At the same time, Bitget will allocate an additional 10 XAUT rewards to users who meet specific trading thresholds based on the BTC deposit time, amount, and holding duration. For more details, please check the Bitget official platform.

According to South Korea's Chosun Ilbo, due to the recent incident involving the erroneous distribution of 620,000 bitcoins by Bithumb, Korean banks that have real-name account partnerships with it and other exchanges are taking a cautious approach to contract renewals to mitigate potential reputational risks.The contract between KB Kookmin Bank, which signed a real-name account agreement with Bithumb, is set to expire next month, and it is currently requesting Bithumb to strengthen its internal audits. Additionally, K Bank (partnering with Upbit, with a contract expiring in October) and Kakao Bank (partnering with Coinone, up for renewal in the third quarter) are also closely monitoring the situation and conducting a comprehensive assessment of the renewal matters.Previously, on February 6, Bithumb planned to distribute a total of 620,000 won in rewards to event winners but mistakenly issued 620,000 bitcoins (worth approximately 62 trillion won) due to a unit input error. Although Bithumb canceled the payment of 618,100 bitcoins before the transaction was recorded on the blockchain, 1,788 bitcoins were still actually distributed.

The South Korean cryptocurrency exchange Bithumb has acknowledged serious flaws in its internal systems, which led to mistakenly transferring 620,000 bitcoins to users instead of the intended 620,000 Korean won. Bithumb CEO Lee Jae-won stated that the incident was primarily due to a 24-hour delay in transaction processing and a lag in updating cryptocurrency holdings.Although the exchange has recovered most of the bitcoins, there are still 1,786 bitcoins that were sold before the accounts were frozen and have not yet been retrieved. South Korean lawmakers have expressed concerns about the lack of effective regulation in the country's virtual asset market, especially in the context of South Korea having 10 million cryptocurrency investors, making it one of the most active markets in terms of trading volume globally.

According to Newspim, Lee Chan-jin, the head of the Financial Supervisory Service (FSS) of South Korea, stated that the "Bitcoin misdelivery incident" at Bithumb is a serious event that undermines the credibility of cryptocurrency exchanges. He pointed out that Bithumb actually holds only about 42,000 bitcoins, and this misdelivery exposed the severe risks of "bookkeeping transactions" trading fictitious assets without security guarantees.He emphasized that if the investigation confirms illegal negligence, the highest level of sanctions will be imposed, including fines and business suspensions. He also suggested adding provisions for revocable or restricted access licenses in the future "Basic Law on Digital Assets" to strengthen the regulation of internal controls at exchanges.The incident occurred on February 6, when Bithumb mistakenly distributed 2,000 bitcoins to each of 249 customers as rewards (originally intended to be 2,000 Korean won), totaling 620,000 bitcoins, which was valued at approximately 61 trillion won (about 45 billion USD) at the time. Bithumb intercepted the transactions within 20 minutes, but 125 bitcoins were still sold.

According to Onchain Lens monitoring, the whale trader KOL loracle.hl has opened a 20x leveraged short position in BTC and ETH, and established a 5x leveraged long position in PAXG. Additionally, their LIT short position has also slightly increased. The total profit of this account has exceeded 32 million USD. The current position statistics are as follows:Long 1,478,842 HYPE (worth 48.69 million USD)Short 380.76 BTC (worth 26.98 million USD)Short 4,869.58 ETH (worth 10.19 million USD)Long 1,576.36 PAXG (worth 7.79 million USD)Short 947,244 LIT (worth 1.59 million USD)

CoinVex ecological cooperation project EC Treasury announced the completion of a multi-million dollar financing round. This round was co-led by the well-known family office Eastern Fortune Investments and early-stage venture capital firm Ludus Ventures, further strengthening CoinVex's foundation in RWA asset on-chain, liquidity, and settlement capabilities.At the same time, EC Treasury announced a deep cooperation with the Hong Kong-listed company Ocean Group (HK 1991). Both parties will jointly promote the real-world asset (RWA) treasury plan by allocating diversified quality assets such as mainstream crypto assets, precious metals, and stocks, building a positive flywheel of "asset appreciation - market value enhancement," and facilitating more real assets to enter CoinVex's trading and liquidity system with higher efficiency.Eastern Fortune expressed optimism about EC Treasury's potential to enhance global asset allocation efficiency through innovative means; while Ludus Ventures pointed out that this move aims to support entrepreneurial teams with pioneering spirit in Web3 and emerging sectors.

Binance stated that it has processed 38,648 erroneous deposit cases in 2025, refunding users over 48 million dollars. The total amount of funds recovered by Binance has exceeded 1.09 billion dollars.

According to The Block, the crypto computing network Arcium has launched its mainnet Alpha version on Solana, marking the transition of its crypto computing network from a testing environment to early production use infrastructure.The project aims to power the crypto capital markets on public blockchains, with its execution engine allowing developers to build verifiable and composable applications while keeping data fully encrypted. The first application to go live on the network, Umbra, launched its "private mainnet" simultaneously, building a shielded financial layer on Solana through a phased rollout, initially offering shielded transfers and crypto exchange functionalities. Access will be limited at first, with 100 users opening each week and a deposit limit of $500, with plans to expand access and raise limits in February.

Neo founder Da Hongfei posted on social media that he and Erik Zhang have agreed to stop their previous disputes, believing it to be harmful to Neo and the community.Da Hongfei stated that he is busy preparing the financial report and plans to release a comprehensive preview by February 15. This preview report will contain sufficiently detailed information for financial verification, budget planning, and governance reform. Relevant information will be updated regularly before the final version is released.

According to Jinshi data, spot gold has fallen below $5150 per ounce, currently reported at $5138 per ounce, with a daily decline of 4.69%.Spot silver has plummeted 6.00% during the day, currently reported at $108.39 per ounce.