Crypto Entrepreneur. 10 years TA FA. Founder of CryptoPatel. Alpha Hunter. SMC and ICT Trader. Sharing 10x Gems, X: CryptoPatel, Pro Setups, Market Trends ๐
$ASTER Up 40% From Entry, Accumulation Continues With $10 Price Target
Accumulation zone $0.40-$0.50 worked perfectly. Quick gains captured for those who followed the analysis. I'm maintaining separate long-term holdings and adding on dips.
Biggest allocation of my portfolio this cycle. Patience wins. The major move hasn't started yet. NFA | DYOR
$19 Billion Gold Platform Scam: 150,000 Chinese Investors Offered Just 20% Back
The Crisis: Jie Wo Rui platform (Shenzhen) froze all withdrawals on Jan 20, 2026, triggering massive investor panic.
Conflicting Reports on Scale: โค Social media claims: 134 billion yuan (~$19B USD) โค Media reports: 13.4 billion yuan (~$1.9B USD) โค Official estimate: 10 billion yuan (~$1.4B USD) โค Authorities: widely circulated figures "significantly exaggerated" โค Investors affected: 22,000-150,000
How The Scam Worked: Platform operated unlicensed leveraged gold trading via WeChat apps. Users locked prices with deposits as low as $4, but NO physical gold backing existed. When gold surged to $5,000+/oz, liabilities exploded.
Current Status (per CNA & Global Times): ๐ด Authorities supervising asset disposal ๐ด ~20% compensation offered (actual: 6-20%) ๐ด Victims must waive legal rights ๐ด Platform owner unreachable ๐ด Described as "redemption issue" but fraud claims persist
Red Flags Investors Missed: โ Unregulated platform โ Extreme leverage with tiny deposits โ No proof of physical gold custody โ Unrealistic promises
Key Takeaway: Whether $1.4B or $19B, this is a MASSIVE failure exposing risks in China's unregulated gold apps. Always use licensed platforms and verify actual asset backing.
Multiple similar platforms now under investigation.
CFTC Clears Bank-Issued Stablecoins for Futures Margin
On Feb 6, the #CFTC updated guidance allowing national trust bank stablecoins as margin collateral in futures trading.
๐น Bank-issued stablecoins now accepted as customer margin ๐น BTC, ETH & stablecoins eligible as derivatives collateral ๐น Aligns with GENIUS Act (signed July 2025) ๐น Strict reporting requirements for firms
๐ CFTC Chairman Selig called it a milestone for "America's global leadership in stablecoin innovation." ๐ Senator Lummis also urged banks to embrace stablecoins for faster, cheaper payments instead of resisting them.
#Stablecoins are becoming the backbone of institutional crypto.
BREAKING: Vietnam Proposes 0.1% Tax on Crypto Transfers ๐ป๐ณ
Ministry of Finance's Draft Circular: โบ 0.1% personal income tax on crypto transfers (matches securities) โบ 20% corporate tax on profits โบ NO VAT applied โบ All transactions in Vietnamese Dong
Part of 5-Year Pilot Starting Sept 2025: โ Exchange Licenses Need $408M Capital โ 49% Foreign Ownership Cap โ Could Generate $800M Annual Revenue
Vietnam ranks 4th globally in crypto adoption with ~17M users & $100B market value
Current status: Draft under public consultation, licensing opened Jan 2026. No exchanges applied yet due to high capital requirements.
This formalizes the massive shadow market with strict state control - balancing revenue generation with investor protection
JUST IN: Google Searches for #Bitcoin Hit Peak Levels
As $BTC dropped from $81.5K to ~$60K in Just 5 days, Google Searches for "Bitcoin" Spiked to 100, The Highest in a Year.
Here's What This Tells Us: โ Most people notice crypto when it's falling, not rising โ Panic creates attention โ Real opportunities often come BEFORE everyone starts searching
Stay Calm. Do your Research. Don't Follow the Crowd Blindly.
White House Stablecoin Talks Resume Tuesday (Feb 10)
Crypto Firms & Banks Meet Again to Hash out the Biggest Roadblock: Stablecoin Yields ๐น Banks: Ban it (Fear $500B Deposit Flight) ๐น Crypto: Keep it Competitive
Coinbase, Circle, Ripple & Bank Coalitions at The Table
Trend Research has Dumped Nearly All their ETHEREUM Holdings at a Massive Loss: โ Withdrew: 792,532 ETH ($2.59B) from Binance at $3,267 โ Deposited back: 772,865 ETH ($1.8B) at $2,326 โ Remaining: Only 21,301 #ETH ($43.1M)
Total Loss: $747M
Classic Example of Buying High, Selling Low. Weak Hands Got Shaken Out Hard.