Weekly Recap | Bithumb Announces Compensation Plan, Aster Launches Phase 6 Buyback, Echobit Kicks Of
2026.02.09
Weekly Review (Feb 2 – Feb 8)
Last week, U.S. equities began to retreat with increased volume after several weeks of trading near highs. In an environment where macro conditions have not materially deteriorated but policy easing remains delayed, a rapid rebound in U.S. stocks appears unlikely.
The crypto market entered a period of heightened volatility and rising panic, continuing to trade within a clearly weak range. As long as Bitcoin fails to reclaim and firmly hold key resistance levels, any rebound may be viewed as an opportunity to reduce exposure. Overall, investors should remain attentive to repeated adjustments in macro interest rate expectations and stay alert to potential selling pressure.
This report provides a concise review of the key developments in the crypto industry over the past week, along with a preview of major trends and events to watch in the week ahead.
Market Pulse
MicroStrategy reported a net loss of $12.4 billion in Q4 2025
Bithumb announced its compensation plan following the erroneous distribution of 620,000 BTC
Glassnode data shows over 9.3 million BTC currently in unrealized loss, the highest level since January 2023
Tether launched MiningOS, an open-source Bitcoin mining operating system
Aster initiated its Phase 6 token buyback program on February 4
Anthropic plans to allow employees to sell shares at a valuation of $350 billion
Strategy acquired 855 BTC last week for approximately $75.3 million
Funding & M&A
A total of 16 funding rounds were completed last week, raising over $330 million, primarily across DeFi and AI-related sectors:
Jupiter received a $35 million strategic investment from ParaFi Capital
Token trading infrastructure provider Relay Protocol raised $17 million in a Series B round led by USV and others
Crypto compliance firm TRM Labs closed a $70 million Series C round
Digital asset market infrastructure provider Prometheum raised an additional $23 million
Singapore-based crypto firm Penguin Securities completed a Pre-A round of approximately $18 million
Prediction market platform Opinion raised $20 million in a Pre-A round
Policy & Compliance
Russia’s largest state-owned bank, Sberbank, launched crypto-backed mortgage services
21Shares is applying to launch an Ondo ETF
White House officials indicated that President Trump may sign the crypto market structure bill before April
U.S. January ADP employment came in at 22,000, below the expected 48,000
The Canadian Investment Regulatory Organization formally established a temporary crypto custody framework
President Trump signed an appropriations bill, ending the partial government shutdown
Echobit Highlights
Echobit Lunar New Year Futures Challenge, a seasonal derivatives competition centered around holiday market conditions
Echobit Points Trading Challenge, where users earn points through trading and interactions to unlock rewards
Echobit Quiz Campaign, participate and answer questions to win 100 USDT
Echobit Winter Olympics Cheer Early Bird Airdrop, limited-time participation for exclusive festive rewards
Echobit Ice & Snow Themed Interactive Campaign, featuring fun engagements and holiday giveaways
Echobit Winter Olympics Prediction Campaign, test your judgment by forecasting event outcomes
Echobit National Team Support Points Campaign, back your favorite team and share the rewards pool
Echobit Champion Prediction Snowflake Collection Campaign, complete predictions to collect snowflakes and redeem prizes
Week Ahead (Feb 9 – Feb 15)
MegaETH public mainnet is scheduled to go live on February 9
The White House and crypto institutions will hold further discussions on stablecoin yield issues on February 10 (ET)
The U.S. will release January nonfarm payroll data
Ethereum Layer2 network MegaETH will officially launch its public mainnet on February 9
Coinbase will release its Q4 and full-year 2025 earnings report
Aztec’s TGE proposal has passed, with tokens becoming transferable on February 12
Echobit will continue to track global crypto developments, focusing on market movements, regulatory trends, and funding activity to help you navigate market cycles with clarity and foresight.