Odaily Planet Daily reports that the Hong Kong Securities and Futures Commission (SFC) announced the convening of its third Digital Assets Advisory Group meeting. The meeting, in conjunction with licensed virtual asset trading platforms, discussed the future regulatory development of digital assets in Hong Kong. The meeting addressed plans to strengthen the digital asset ecosystem, including improving the liquidity of licensed virtual asset trading platforms and further expanding regulatory measures for product and service types. Dr. Yip Chi-hang, Executive Director of the SFC's Institutional Division and Chairman of the Digital Assets Advisory Group, stated that striking a balance between innovation and investor protection based on integrity is extremely important. He pledged to work towards building a prosperous and sustainable digital asset market in Hong Kong, ensuring that regulatory policies are pragmatic, effective, and appropriate.

Odaily Planet Daily News: Bithumb issued an announcement stating that it failed to adhere to the primary principles of virtual asset trading platforms: "stability and integrity." Following the incident, it has reported to all relevant departments and is fully cooperating with the investigation by the Financial Supervisory Commission. To prevent similar incidents from recurring, Bithumb has taken innovative measures to strengthen its internal control system. (1) Strengthening the asset verification system: We will strengthen the verification system for customer and company assets during payment processes based on events or company policies. (2) Improving the multi-payment system: We will improve previously overlooked processes to ensure that customer asset transfers and reward payments require at least two payment steps, thereby preventing similar incidents. (3) Strengthening the abnormal transaction detection and automatic interception AI system: We will run a 24-hour "security guarantee" system to immediately detect any abnormal transactions or data, preventing incidents from the source. (4) Engaging a professional organization for external system audit: We will commission a global security expert organization to conduct a comprehensive system assessment of Bithumb and disclose the assessment results openly and transparently. Bithumb will assume full responsibility for preventing customer losses. Since the second announcement, although no direct customer asset losses have occurred due to payment errors, it has been confirmed that panic selling (trading on conditions unfavorable to customers) occurred during the event due to the market price crash. Bithumb considers this transaction to be its responsibility to protect customers and plans to provide full compensation, including additional compensation, to affected customers. As of 16:00 on February 7, 2026, the estimated customer losses are approximately 1 billion Korean won, and compensation is planned for any additional losses that may arise. (1) Special 110% compensation for panic selling: Customers who sold assets at a low price during the panic selling period (19:30-19:45 on February 6, 2026) due to this event will receive full selling price plus an additional 10% compensation. (Automatic payment within one week after data verification) (2) Compensation payment to all customers who accessed Bithumb during the event: All customers who accessed Bithumb services during the event will receive 20,000 Korean won in compensation within one week. (3) Waive all transaction fees for all customers: To thank all customers who trust and support Bithumb, we will reduce transaction fees for all trading instruments to 0% for 7 days. (To be announced later) (4) Establish a permanent "Customer Protection Fund" of 100 billion Korean won: We will establish a special fund to immediately rescue customer assets in the event of an accident. Bithumb will learn from this incident and place "customer trust and peace of mind" above external growth.

According to Onchain Lens monitoring, as reported by Odaily Planet Daily, the "1011 Insider Whale" deposited 4,200 BTC into Binance, worth approximately $285.66 million.

According to data from Coinglass, as reported by Odaily Planet Daily, the Coinbase Bitcoin Premium Index has been in negative territory for 23 consecutive days, currently at -0.0878%. So far in 2026, it has only been positive on two days: 0.011% on January 6th and 0.0023% on January 15th. The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase (a major US trading platform) and the average price in the global market. A negative premium typically reflects significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.

Odaily Planet Daily reports that trader Eugene posted on his personal channel that Garrett Jin is rapidly reducing his Bitcoin (BTC) position. Eugene stated that he does not want to become Garrett's exit liquidity and has therefore chosen to remain out of the market. He pointed out that the current market is extremely difficult to trade, and he will only participate in trading opportunities with a clear risk-reward ratio (R/R). Eugene also recalled that yesterday's bottom-fishing was a good "catch-the-fall" operation, but the final profit could have been better.