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.

According to Odaily Planet Daily, Yi Lihua stated in an article on the X platform that the market cycle remains valid. With the US stock market performing strongly and DAT/ETF entering a new phase, the consensus within the cryptocurrency community remains intact, and the market exhibits characteristics that make it susceptible to manipulation. Yi Lihua believes that the cryptocurrency market's entry into a bear market presents an opportune time to position oneself, similar to the previous successful strategy of positioning and profiting during a bear market. Yi Lihua expressed optimism about the future, remaining bullish on the industry's next bull market opportunity, and will continue to work hard to build [the cryptocurrency ecosystem].

Huobi Finance reported on February 8th that DuJun, co-founder of Huobi, stated on the X platform that Li Lin will not sell Bitcoin to exchange for Ethereum. His family office, Avenir Group, remains the largest holder of BlackRock's IBIT in Asia, and its SEC 13F report is updated quarterly. Regarding Ethereum, approximately 80% of the holdings are staked and held long-term. According to DuJun, 95% of Li Lin's funds are managed by his family office team and have not been entrusted to external institutions or individuals. Furthermore, Li Lin emphasized on his WeChat Moments that he is not an investor in LD or GarrettGin; he has not reduced his BTC or ETH holdings during this market downturn.

Huoxun Finance reported on February 8th that, according to on-chain analyst Ai Yi, Trend Research, owned by Yi Lihua, sold 658,168.58 ETH in 8 days, worth $1.354 billion, even depositing the last 0.148 ETH into exchanges. The cost price was approximately $3,104.36, and the selling price was $2,058.05, resulting in a total loss of $688 million in this round. The previous round's profit of $315 million has been completely wiped out, leaving a loss of $373 million.