OSL Research Daily Brief | 2026.02.09

1. BTC Rebound: Bitcoin rebounded approximately 2.5% overnight to $71,000. It has rallied over 13% from a low of $62,800 in the past three days, peaking near $72,300. Ethereum rose in tandem to $2,100, supported by warming market sentiment.

2. Market Cap Decline: CMC data shows the total crypto market cap has trended down to ~$2.25 trillion over the last 30 days. Since Jan 14, 2026, the market has dropped ~$45 billion daily, evaporating over $1 trillion in total.

3. MicroStrategy Holdings: CEO Michael Saylor updated the Bitcoin holdings tracker on X, hinting that next week's earnings report may disclose further Bitcoin accumulation by the company.

4. White House Stablecoin Meeting: The next staff-level meeting regarding stablecoin yields is scheduled for this Tuesday, with representatives from the banking and crypto industries attending.

5. Sberbank Crypto Loans: Russia's largest bank, Sberbank, plans to launch crypto-backed loans for corporate clients, having already issued pilot loans to mining companies in late 2025.

6. Tether Gold Investment: Tether acquired a ~12% stake in precious metals platform Gold.com for $150 million. It will integrate its gold stablecoin XAUt and explore using USDT and USAt for physical gold purchases.

7. Coinbase Liquidations: Coinbase's crypto-backed lending product saw its highest-ever liquidation volume during this week's market drop, with cumulative liquidation losses of ~$170 million over the past 7 days.

8. Tether Expansion: Tether is accelerating its expansion, with a portfolio covering ~140 assets. It plans to hire 150 more people over the next 18 months and strengthen corporate governance and financial discipline.

9. China RWA Regulation: Caixin reports that China's RWA regulatory framework has been released: foreign debt is regulated by the NDRC, equity/securitization by the CSRC, and fund repatriation by SAFE. Analysts suggest opening token trading backed by equity assets.

10. Bithumb Incident Resolved: Bithumb has fully resolved the accidental Bitcoin transfer incident, recovering 99.7% of the funds and covering the remainder with its own assets. Asset consistency is back to 100%, and compensation has been offered to users.

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