Fifth biggest outflow of stablecoins on Ethereum in the past two years

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Hoskinson: SEC had justified concerns about Kraken staking

Ad Input Output (IO) CEO Charles Hoskinson argued that the SEC was right to go after Kraken over its Staking Program. During a live stream broadcast on Feb. 14, Hoskinson spoke in detail about the SEC-Kraken enforcement action. Informing his comments was the actual complaint filed by the regulator with the District Court. Based on…

Fantom price pumps despite $260M FTM whale selloff

Ad Layer1 (L1) blockchain network Fantom (FTM) rose by 10% in the last 24 hours to $0.51 as of press time, according to CryptoSlate’s data. FTM is one of the best-performing digital assets in the current year — rising by more than 200% to as high as $0.65 as of Feb. 3, from a low…

Over 100K Ordinals minted on Bitcoin

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FTX creditors issue subpoena to SBF, other FTX insiders

Ad FTX insiders including Sam Bankman-Fried (SBF) have received subpoenas from FTX’s committee of unsecured creditors to provide detailed information related to the exchange’s collapse. FTX’s committee of unsecured creditors received the U.S. bankruptcy court’s approval to issue subpoenas to individuals with insider information on the inner workings of FTX. In roughly five different documents…

GBTC discount widens to highest point in 2023

Ad Grayscale Bitcoin Trust (GBTC) is trading at a discount of 47.35% to the underlying assets’ net asset value (NAV) as of Feb. 15 — a record low for the current year. GBTC shares are trading for $10.85 after increasing by 4.43% in the last 24 hours, according to ycharts data. Earlier in the year,…

BLUR plummets 84% following 360M token airdrop

Ad NFT marketplace Blur saw its native BLUR token fall to $0.78 from a high of $5 — recording a sharp decline of over 84% — shortly after its airdrop distribution went live. BLUR airdrop and tokenomics Since the NFT marketplace launched roughly four months ago, it has onboarded about 146,823 unique users who traded…

Celsius prepares to reopen partial withdrawals for eligible users

Ad Bankrupt crypto lender Celsius will be notifying eligible users about how they can start withdrawing assets in certain custody accounts, the firm announced on Feb. 15. Celsius included the list of eligible users in its distribution schedule and will send emails and in-app notifications for the next steps, according to the announcement. However, Celsius…

Binance snags former Gemini compliance officer amidst scrutiny over BUSD

Ad Binance has hired and promoted a compliance executive who formerly worked for its competitor, Gemini, according to a Feb. 14 report from the Wall Street Journal. The report indicated that Noah Perlman would serve as Binance’s chief compliance officer after joining the company’s compliance team in January. Perlman previously worked at Gemini between October…

Senate Banking Committee holds Valentine’s Day hearing on 2022 crypto crash

Ad The U.S. Senate Banking Committee discussed last year’s cryptocurrency market crash and assorted company collapses during a hearing on Tuesday, Feb. 14. Chairman Brown calls for regulations Several individuals commented on the state of the cryptocurrency industry. Chairman Sherrod Brown took a harsh stance on the matter, stating: “These crypto catastrophes have exposed what…