MarsBitNews

The head of Ernst & Young's Digital Asset Business stated that digital wallets will become the key gateway to future financial services, and companies that control the wallets will win customer relationships. Wallets will connect payment, tokenized assets, and other financial services. For financial institutions, this transformation is crucial.

MetYa official announcement states that on February 7, 2026, the first round of $MY token burn was completed, with a total of 5,756,710 tokens burned. This burn followed the token economic model and the "Withdrawal Ladder Burn" strategy, and was verified through BscScan. In the future, the deflationary plan will continue to be promoted, aiming to reduce the total circulating supply in the market to 100 million tokens.

CoinList announces that its Flying Tulip token sale has ended, with a total transaction amount approaching $10 million. Participants have received FT NFTs, and users can choose to hold, redeem, or unlock the trade.

Mars Finance reports that on February 7, according to onchainschool.pro monitoring, approximately 560,000 USD worth of CYS was transferred from 4 wallets to Gate within a 30-minute period. These tokens originated from multiple wallets, all of which previously received tokens from a single ownership contract. On the other hand, over the past week, there have been large withdrawals totaling about 3.3 million USD from CEXs, with these tokens still held in users' wallets.

The world's largest enterprise Bitcoin holder, Strategy, reported an unrealized loss of $17.4 billion and a net loss of $12.4 billion in its FY2025 Q4 report. Despite having $2.25 billion in cash reserves, the company's co-founder stated that selling Bitcoin is a possible option, which could trigger an early market sell-off.

This week, the cryptocurrency market was affected by a wave of forced liquidations triggered by the sell-off of Bitcoin spot ETFs and a sharp decline in prices. Market volatility increased, and some investors entered the market to absorb the sell-off, causing prices to temporarily rebound. However, most market participants remain cautious about whether the bottom has been reached. It is expected that Bitcoin may rebound in the short term, but there is still a possibility of creating new lows in the summer, potentially dropping to the $40,000 to $50,000 range.

Mars Finance reports that on February 7th, Avalanche announced that the Avalanche C-Chain now supports ERC-8004, enabling developers to natively deploy AI agents on Avalanche with on-chain identity, discovery, and portable reputation features.

In the past week, Bitcoin's price briefly dropped to $60,000, causing the search volume for the term "Bitcoin" on Google to surge to its highest level in the past 12 months.

The Hong Kong Securities and Futures Commission held a Digital Asset Advisory Group meeting to discuss the development of digital asset regulation, focusing on enhancing liquidity for licensed virtual asset trading platforms and expanding product services. Chairman Ye Zhiheng emphasized the balance between innovation and investor protection, aiming to establish a sustainable digital asset market.

Mars Finance reports that according to Arkham data, at 14:54, 95,000 SOL (worth approximately $8,119,200) was transferred from an address (starting with CY48p.) to Coinbase Prime.

The article discusses the current state and challenges of non-financial use cases of cryptocurrencies, emphasizing the importance of infrastructure development and the impact of policies on market trust. Although applications in the financial sector are relatively mature at present, non-financial use cases are still in development, but the author believes that with clearer regulations and technological advancements, new categories of applications will eventually emerge. Building new industries is a long-term process, and more innovations will be seen in the future.

Mars Finance reports that on-chain analyst Yu Yan monitoring shows Aave founder Stani.eth has continued to sell 1,700 ETH (approximately $3.53 million) in the past 13 hours and has purchased AAVE: converting 1,700 ETH into 30,727 AAVE through unilateral liquidity pooling. In the past 24 hours, Stani.eth has sold a total of 6,204 ETH (about $11.88 million).

Mars Finance reports that, according to The Wall Street Journal, the crypto-friendly bank Erebor Bank has become the first newly established bank to be granted a nationwide banking license during Trump's second term. A spokesperson for the Office of the Comptroller of the Currency (OCC), which oversees nationwide banking licenses, has confirmed the approval of Erebor Bank's license application.

Mars Finance reports that investment firm Variant's Chief Legal Officer Jake Chervinsky posted on the X platform stating: "Today is my last day working full-time at the company, after which I will transition to an advisory role."

Mars Finance News: On February 7th, YZi Labs officially announced on social media that they have noticed some accounts impersonating YZi Labs investors on the X platform. To ensure user safety, please verify through the official website, as all social accounts of YZi Labs' investors are listed on that official site.

Vitalik comments that ENS has stopped L2 development and is directly deploying on the Ethereum mainnet, considering this a wise move. He emphasizes that ENS is at the core of the Ethereum ecosystem and that the optimal architecture should store user data on L1 and utilize simplified L2 for processing user operations.