Tom Lee, chairman of Ethereum treasury company Bitmine, stated in an interview that Ethereum has experienced seven pullbacks exceeding 60% in the past eight years alone, all of which were followed by rapid recovery. He pointed out that these patterns typically involve a sharp initial drop followed by a rapid rebound. Lee also suggested that if the current crypto market is in a bottoming-out phase, this possibility exists based on some market performance, citing Strategy's recent approximately 25% rebound as one factor to observe. He noted that historical experience shows such rebounds tend to be relatively rapid. (CNBC)

India's recent trade agreements with the United States and the European Union are altering the power dynamics within the BRICS group, enhancing India's influence over China. According to NS3.AI, these developments align with India's upcoming chairmanship of BRICS in 2026, adding complexity to the group's internal cooperation amid escalating geopolitical tensions. Simultaneously, China is decreasing its holdings of US Treasury securities due to concerns about risk and volatility, indicating broader financial and strategic adjustments.

India continues to rely on fragmented policies and enforcement measures for cryptocurrency regulation, lacking a clear and systematic legal framework. According to Odaily, while regulatory bodies have introduced tax systems and anti-money laundering compliance requirements for virtual digital assets, the legal status of cryptocurrencies remains undefined, with the market operating largely on regulatory notices, enforcement actions, and interpretative guidance. The report highlights that the Reserve Bank of India has repeatedly expressed concerns about financial stability and systemic risks. Meanwhile, the Ministry of Finance has strengthened oversight through tax and reporting rules. However, regulatory agencies have yet to classify cryptocurrencies as securities, commodities, or a separate asset class, leading to uncertainties in regulatory responsibilities. Additionally, overlapping regulations, unclear tax enforcement details, and enforcement actions against certain platforms have increased compliance complexity, affecting long-term planning for institutional investors and innovative projects. Analysts believe that without comprehensive legislation, India's crypto market will remain in a transitional regulatory environment.

A substantial transfer of Ethereum has been reported. According to ChainCatcher, at 16:11, 20,000 ETH were moved from an anonymous address beginning with 0x166f to Arrington XRP Capital.

Singapore's income inequality dropped to its lowest level last year, according to recent data. Bloomberg posted on X, highlighting that despite this positive trend, concerns about the cost of living persist among residents. The Gini coefficient, a measure of income inequality, decreased to 0.375 in 2022, marking a significant improvement from previous years. This decline is attributed to various government initiatives aimed at redistributing wealth and supporting lower-income households. The reduction in income disparity comes as Singapore continues to grapple with rising living costs, which have been exacerbated by global economic challenges. The government has implemented measures such as subsidies and financial assistance programs to alleviate the burden on citizens, particularly those in lower-income brackets. Despite these efforts, many Singaporeans remain worried about the affordability of essential goods and services. The cost of housing, healthcare, and education are among the primary concerns for residents, prompting calls for further government intervention. Economists suggest that while the decrease in income inequality is a positive development, more comprehensive strategies are needed to address the underlying issues contributing to high living costs. They advocate for policies that promote sustainable economic growth and ensure equitable access to resources. As Singapore navigates these challenges, the government is expected to continue its focus on social welfare programs and economic reforms to maintain progress in reducing income inequality while addressing cost-of-living concerns.

On Feb 09, 2026, 08:32 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 70,000 USDT and is now trading at 69,692.867188 USDT, with a narrowed 0.98% decrease in 24 hours.

UK government bonds, known as gilts, experienced a decline as political pressure mounted on Prime Minister Keir Starmer. Bloomberg posted on X that the resignation of Starmer's chief of staff has added to the challenges facing the Prime Minister. The departure has raised concerns about the stability of Starmer's leadership and its impact on the financial markets. The resignation comes at a critical time for Starmer, who is navigating complex political dynamics and economic uncertainties. Analysts suggest that the political turmoil could influence investor sentiment and affect the performance of UK gilts. Market observers are closely monitoring the situation, as the leadership changes may have broader implications for the UK's economic policies and financial stability. The resignation has sparked discussions about the future direction of Starmer's administration and its ability to address pressing issues. As the situation unfolds, the financial markets are expected to react to any developments in the political landscape, with investors keeping a watchful eye on potential shifts in government strategy and policy.

What to Know: Bithumb’s $40B blunder activates South Korea’s regulatory entity, causing a tighter oversight over local crypto exchanges. . Maxi Doge has raised over $4. 5M in its presale, attracting big numbers in whale investments as retail capital seeks higher returns on-chain source: https://www.newsbtc.com/news/south-korea-crypto-alert-maxi-doge-presale-surge/

Binance announced it will be removing some spot trading pairs in order to maintain a high-quality trading environment in the spot market. Continue Reading: Bitcoin Exchange Binance Announces It Will Delist Numerous Altcoin Trading Pairs! Here Are the Details source: https://en.bitcoinsistemi.com/bitcoin-exchange-binance-announces-it-will-delist-numerous-altcoin-trading-pairs-here-are-the-detail-4/

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