Breaking: Hong Kong Fund ETF Unwind, Bithumb’s $42.5B Bitcoin Error Rock Asian Markets
HONG KONG/SOUTH KOREA — February 9, 2026: Asian cryptocurrency markets faced simultaneous crises today as a suspected Hong Kong fund liquidation pressured Bitcoin below $60,000 and South Korea’s Bithumb exchange revealed a $42.5 billion ‘phantom’ Bitcoin distribution error. These events triggered regulatory scrutiny and highlighted systemic vulnerabilities in the region’s rapidly growing digital asset sector. […]
