Key Market Information Discrepancy on February 9th - A Must-See! | Alpha Morning Report

Top News

1. This Week's White House Crypto Meeting Focuses on Stablecoin Yield, Bank Representatives to Attend for the First Time

2. Trump Expects Dow to Reach 100,000 Points Before End of Term, Has Issued Bullish Statements Multiple Times Before Subsequent Market Strength

3. Pump.fun Has Repurchased PUMP Tokens Worth Over $280 Million

4. Ethereum Network's Daily Transaction Count Surpasses 2.89 Million, Reaching an All-Time High

5. Yi Li Advocates Clearing Positions, Believes Entering a Bear Market Is the Best Positioning Opportunity, Remains Optimistic About the Next Bull Market Cycle in the Industry

Articles & Threads

1. "China's Central Bank and Eight Other Departments' Latest Regulatory Focus: Key Attention to Risks of RWA Tokenized Assets"

On February 6, the official website of the People's Bank of China released the "Notice of the People's Bank of China, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public Security, State Administration for Market Regulation, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, State Administration of Foreign Exchange on Further Preventing and Dealing with Risks of Virtual Currency and Other Relevant Activities (Yinfa [2026] No. 42)." The latest regulatory requirements of the central bank and the other seven departments are basically consistent with the regulatory requirements of recent years, focusing mainly on speculative activities such as virtual currency trading, pump and dumps, ICOs, and services of overseas platforms. However, this time, regulation on RWA has been added, expressly prohibiting RWA tokenization and stablecoins (especially those pegged to the Chinese Yuan).

2. "Faith in the Capital Market - The Essence and Core Value of Cryptocurrency"

The truly interesting core questions of cryptocurrency have not been answered to this day. The real crypto movement should be about evangelism, everything tokenized, and a series of cultural and values ​​wars fought on a global scale. These are things that VCs and pure speculators will never like because they never believe.

Market Data

Daily overall market funding heat (reflected by funding rate) and token unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks