Crypto
Regulation
Binance CEO weighs in on the notion of “offshore” crypto businesses
CZ says that the "on-shore" and "off-shore" distinction is not relevant.
Regulation
U.S. Congress may hold inquiry into Binance.US
Senator Roger Marshall said the company should provide answers to lawmakers.
Legal
FTX’s Nishad Singh reportedly approaches plea deal
The former exchange employee otherwise faces charges from prosecutors.
Ordinals
CryptoSlate Wrapped Daily: Terra tokens declared securities; BUSD market cap down 15%
Terra's assorted tokens have been designated securities and are down 5% on average. Meanwhile, Binance's BUSD stablecoin is down 15% following news that issuance will cease. These and other stories in today's edition of CryptoSlate Wrapped Daily.
Hacks
Platypus Finance hacked for $9M on Avalanche
The DeFi application Platypus has suffered a $9 million attack, according to a series of tweets from the blockchain security firm Certik.
Exchanges
Binance.US sent $400M to a partner firm managed by CZ
Transfers made in 2021 reveal a possible conflict of interest with the Binance CEO.
Crypto
SEC files charges against Terraform Labs, Do Kwon
The project has not announced whether it will settle with or challenge the regulator.
Regulation
FDIC tells CEX.IO to redact insurance promises
CEX.IO has incorrectly stated that user deposits have $250,000 of coverage.
Regulation
Coinbase, BitGo, and Anchorage Digital assert that they comply with SEC custody rules
Three crypto custodians say they will be able to continue operating.
Ordinals
CryptoSlate Wrapped Daily: Celsius to repay users; SEC may apply custody rules to crypto
The bankrupt lending firm Celsius has announced that is preparing to repay certain users. Meanwhile, the SEC has said that it could expand federal custody rules to cryptocurrency. These and other stories in today's edition of Crypto Slate Wrapped.
Analysis
Bitcoin passes $24k for 2nd time in February
Both price points represent BTC's highest value since last summer.
Legal
SBF bond signers revealed to be former Stanford faculty; FTX bankruptcy judge rules against probe
Two notable developments took place in U.S. courts today.