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According to The Miner Mag, Bitcoin mining company NFN8 Group has announced that it has filed for Chapter 11 bankruptcy protection in Texas, USA, and plans to sell all its assets under court supervision.Documents show that NFN8 is facing ongoing pressure on its operating cash flow due to a fire at its core mining facility, leasing pressures from its equipment sale-leaseback model, and a drop in hashprice to historical lows following the Bitcoin halving. The company disclosed that it operates multiple mining sites in Crystal City, Texas, and Iowa, with over 5,000 of its own mining machines. NFN8 expects its asset size to be below $50,000, with liabilities between $1 million and $10 million.

According to Jin Ten reports, ECB Governing Council member Simkus stated that the probability of a rate hike or a rate cut next time is 50% each.

Economists at BNP Paribas have stated that, given Prime Minister Fumio Kishida's expansionary fiscal policy may further boost inflation, the Bank of Japan is expected to raise interest rates at a slightly faster pace than previously anticipated.Analysts expect the Bank of Japan to raise rates in April, followed by continued tightening every four to five months until the policy rate reaches 2%. The report noted, "Depending on future exchange rate trends, the possibility of the next rate hike being brought forward to March cannot be ruled out." Japanese officials have previously warned that the government is prepared to take measures against excessive fluctuations of the yen.

According to the Wall Street Journal, crypto-friendly bank Erebor Bank has become the first newly established bank to receive a national banking charter during Trump's second term.The bank has a startup capital of $635 million and aims to fill the market gap left by the collapse of Silicon Valley Bank. Previously, it was reported that U.S. regulators approved the launch of the billionaire-backed new bank "Erebor."

According to the Wall Street Journal, the crypto-friendly bank Erebor Bank has become the first newly established bank to receive a national banking charter during Trump's second term. A spokesperson for the Office of the Comptroller of the Currency (OCC), which oversees national bank charters, has confirmed the approval of Erebor Bank's charter application.

According to Jinshi Data, EU High Representative for Foreign Affairs and Security Policy Borrell stated that the European Union will prohibit the digital currency of the Russian Central Bank.

According to The Block, Russia's largest bank Sberbank is planning to launch a corporate loan product backed by cryptocurrency. A spokesperson for the bank stated that this move is driven by strong customer demand and mentioned that they are ready to collaborate with the Central Bank of Russia to develop the relevant regulatory framework.The plan follows a similar path to international banks, such as JPMorgan exploring such products, while Wells Fargo has already provided related services. At the end of last year, Sberbank completed a pilot transaction with mining company Intelion Data, which used its own digital currency as collateral, while the bank managed the collateral through its proprietary custody infrastructure and Rutoken hardware solution.

The heads of the People's Bank of China and the China Securities Regulatory Commission stated that the background for the release of the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currencies" (hereinafter referred to as the "Notice") is: based on summarizing previous work experiences and in conjunction with the new risk situation, the original document has been revised to form the "Notice."In addition, this notice continues the policy stance of recent years, reiterating that virtual currencies do not have the same legal status as legal tender, and that conducting virtual currency-related business activities within the country is considered illegal financial activity. Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic entities in any form.In response to the rapid development of real-world asset tokenization in recent years, the "Notice" emphasizes that conducting real-world asset tokenization activities within the country, as well as providing related intermediary and information technology services, which may involve illegal issuance of token vouchers, unauthorized public issuance of securities, illegal operation of securities and futures businesses, and illegal fundraising, should be prohibited; except for related business activities conducted based on specific financial infrastructure with the approval of the competent business authorities in accordance with laws and regulations. Foreign entities and individuals are not allowed to illegally provide real-world asset tokenization-related services to domestic entities in any form.

According to Jinshi reports, relevant officials from the People's Bank of China and the China Securities Regulatory Commission answered reporters' questions regarding the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currencies." They stated that regarding virtual currencies, there has long been a prohibitive policy stance on related business activities within the country.In 2013, the People's Bank of China and five other departments jointly issued the "Notice on Preventing Bitcoin Risks," which clarified that Bitcoin is a specific virtual commodity and should not be circulated or used as currency in the market. The "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading Speculation," issued in 2021, further clarified that Bitcoin, Ethereum, and stablecoins such as Tether do not have the same legal status as fiat currency, and conducting virtual currency-related business activities within the country is considered illegal financial activity and is strictly prohibited.The notice continues the policy stance of recent years, reiterating that virtual currencies do not have the same legal status as fiat currency, and conducting virtual currency-related business activities within the country is illegal financial activity. Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic entities in any form.

The People's Bank of China and eight other departments issued a notice on further preventing and addressing risks related to virtual currencies (Yin Fa [2026] No. 42), clarifying that virtual currencies do not have the status of legal tender, and related business activities are considered illegal financial activities.The notice prohibits the domestic conduct of virtual currency trading and the tokenization of real-world assets (RWA). Without approval from relevant departments, domestic entities are not allowed to issue virtual currencies or engage in tokenization activities overseas.Financial institutions are prohibited from providing services for related activities, and internet companies are not allowed to provide online venues or promotional activities. The notice requires strengthening risk monitoring and industry supervision, and severely cracking down on related illegal activities. This notice shall take effect from the date of issuance and simultaneously abolishes relevant provisions from 2021.

According to The Block, U.S. Senator Cynthia Lummis called for the banking industry to embrace stablecoins and digital assets during an interview, believing that this will bring new product opportunities for traditional financial institutions.She pointed out that stablecoins can significantly reduce settlement times and costs, thereby greatly enhancing the efficiency of domestic and international transactions. Providing custody and payment services for this will open up more business possibilities for banks. Lummis currently serves as the chair of the Senate Digital Assets Subcommittee.She emphasized that she does not understand why the banking industry resists digital assets, as this actually provides banks with new financial products to offer to customers. The current disagreement between banks and the cryptocurrency industry over stablecoin yield terms remains a key factor delaying the passage of the U.S. cryptocurrency market structure bill.

According to on-chain analyst Murphy (@Murphychen888), the realized losses of Bitcoin adjusted for entities reached $3.2 billion on February 5. This figure surpasses the scale of losses caused by historical black swan events including the Luna collapse, FTX bankruptcy, and 312/519.

Deutsche Bank stated in a report on Wednesday that the recent decline in Bitcoin is more due to a slow erosion of confidence among institutions and regulators, rather than a single macro shock.The bank believes that three forces are putting pressure on the asset: ongoing institutional capital outflows, the breakdown of traditional market relationships for Bitcoin, and a weakening of regulatory momentum that previously supported liquidity and volatility compression. The report noted that U.S. Bitcoin spot ETFs have recorded significant capital outflows since October, with over $7 billion flowing out in November, about $2 billion in December, and over $3 billion in January. The correlation between Bitcoin and stocks and gold has weakened, and its narrative as "digital gold" has been affected, with gold rising over 60% this year while Bitcoin has fallen 6.5%. Additionally, amid the controversy in Congress over stablecoin provisions, bipartisan efforts on the digital asset market CLARITY Act have stalled. Deutsche Bank's survey shows that the cryptocurrency adoption rate among U.S. consumers has dropped from around 17% in mid-2025 to about 12%. Furthermore, Citi pointed out in a report on Tuesday that as inflows slow and resistance increases, Bitcoin's trading price is below the key ETF cost level and is approaching its pre-election price bottom.

According to Jinshi News, the European Central Bank kept the three key interest rates unchanged, in line with market expectations, marking the fifth consecutive meeting of inaction. The deposit facility rate, the main refinancing rate, and the marginal lending rate remain at 2%, 2.15%, and 2.40%, respectively.

According to Forbes, as the regulatory environment in the United States gradually relaxes, the fintech industry is accelerating its transformation towards "licensed banking." Last year, the approval process for trust bank licenses significantly sped up, with the Office of the Comptroller of the Currency (OCC) approving conditional applications for national trust bank licenses for five companies, including Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos. It is reported that having a banking license is also seen as an important means to hedge against fluctuations in the capital markets.Industry insiders believe that the era of fintech companies merely serving as front-end channels for traditional banks is coming to an end. An increasing number of digital finance and crypto institutions are beginning to directly seek banking licenses. By accepting custodial deposits and connecting to the federal payment system, crypto companies can obtain a more stable and lower-cost source of funding.

According to CoinDesk, Spain's second-largest bank BBVA has announced its membership in Qivalis, becoming the 12th member bank of the Amsterdam-based stablecoin project.Qivalis aims to launch a euro-pegged regulated stablecoin, providing digital euro payment and settlement options for the EU market while challenging the dominance of dollar stablecoins. Current members of the project include major EU banks such as BNP Paribas, ING, and UniCredit, with the goal of issuing stablecoins through a banking network to provide payment channels for businesses and consumers without relying on third parties outside of blockchain or traditional financial systems.Currently, the global stablecoin market is approximately $300 billion, with only $860 million pegged to a single euro. Dollar stablecoins still dominate: Tether's USDT has a market cap of about $185 billion, while Circle Internet's USDC has a market cap of about $70 billion.

According to market news, Standard Chartered Bank has lowered its short-term price expectations for Solana in its latest research report, while significantly raising its long-term forecast.The bank has reduced its target price for SOL at the end of 2026 from $310 to $250, but expects it to reach $2000 by the end of 2030. The report notes that Solana's decentralized exchange activity is shifting from meme coin trading to SOL-stablecoin trading pairs, with its stablecoin turnover being 2 to 3 times faster than Ethereum, indicating different use cases; Solana's "ultra-low-cost, fast, and reliable trading model" will enable it to dominate areas that require high throughput and low transaction costs, particularly in the micropayment sector driven by AI protocols like x402.

According to Jinshi News, Stefan Mellin of Danske Bank stated in a report that after Trump's nomination of Walsh as the Federal Reserve Chairman, the short-term risk balance has shifted in favor of a stronger dollar. This nomination seems to alleviate market concerns about the potential threat to the Federal Reserve's independence and has prompted a partial unwinding of the political risk premium in the dollar. He pointed out that the dollar's sell-off in late January was mainly due to the political risks arising from the unpredictability of U.S. policies, so the easing of short-term political uncertainty may create a tactical window for a dollar rebound.

According to Decrypt, the cryptocurrency exchange Coinbase has filed a formal complaint with the Australian Parliament, accusing the country's four major banks (Commonwealth Bank, Westpac, ANZ, and NAB) of systematically refusing to provide financial services to legitimate crypto companies, stating that this practice has evolved into a "systemic feature"; given that the four major banks control the majority of transaction accounts and payment channels, this account closure effectively constitutes an "illegal regulatory ban," excluding the legitimate industry from the formal economy.The complaint cites data indicating that up to 60% of fintech companies faced bank refusals in 2021, and this issue remains unresolved. Coinbase urges lawmakers to mandate banks to implement five transparency measures, including requiring banks to document and inform customers of the reasons for account closures, ensuring affected customers can resort to internal dispute resolution processes, providing at least 30 days' notice before closing core services, and conducting self-compliance certifications. These measures were proposed by the Australian Financial Regulator in 2022 but have yet to be legislated.

According to Cointelegraph, the "2025 Digital Wealth Report" released by Xapo Bank in Gibraltar shows that the usage pattern of its Bitcoin mortgage loan business is shifting from short-term liquidity to long-term financial planning.The report states that 52% of the Bitcoin mortgage loans issued by the bank in 2025 have a loan term of 365 days, and even as new loans slow down within the year, these long-term loans remain outstanding. The bank's CEO, Seamus Rocca, stated that increased confidence in Bitcoin's long-term prospects is prompting holders to choose borrowing over selling, indicating a shift from short-term speculation to long-term thinking. The report notes that although the pace of loan issuance slowed in the second half of the year, the outstanding loan balance continues to grow, suggesting that borrowers are using loans as a long-term tool.