Market
Crime
SBF’s lawyers ask for another extension to comply with new bail conditions
SBF's lawyers said they need more time to meet the bail terms that require installation of monitoring software on his parents' devices.
Web3
Crypto market is ‘healthier’ than prices may indicate, says a16z report
The rise of active blockchain users and increase in DeFi activity indicate that the crypto market has matured despite the fall in prices.
Crime
S. Korean prosecutors seek to freeze $5.3M worth of Do Kwon’s assets
Kwon was arrested in Montenegro last month. Both South Korea and the U.S. are looking to extradite him for trial.
Trading
Bitcoin climbs past $30k, Ethereum approaches $2k
The crypto market recorded major gains as Bitcoin briefly reached levels last seen in June 2022 while ETH price reached an 8-month high.
Exchanges
Fortune Crypto 40 selects Ethereum as top protocol, Bitcoin ranks second
Ethereum earned primary focus in the new benchmark that lists the top 40 crypto businesses across eight categories.
Exchanges
Binance’s PoR system shows over $63B in reserves backing 24 assets
Binance held $3.55 billion worth of USDC — a reserve ration of 5,490.54% to the $64.7 million worth of assets users hold on the exchange.
Tokenization
Crypto community reacts as Bitcoin bear market fears continue
Some in the crypto community bought the dip while others feared that the Silvergate crisis could evolve into FTX-like situation.
Analysis
Why ETH selling pressure is unlikely to increase after Shanghai upgrade: CryptoQuant
60% of all staked ETH are at loss. Since there's less opportunity for high profits, the unlocked tokens will not increase selling pressure.
AI
Binance’s AI NFT generator gets overwhelmed by requests within an hour of launch
The beta version of Bicasso will allow users to upload an image and use a few keywords to mint an AI-generated NFT.
Hacks
Indian exchange Bitbns admits it was hacked for $7.5M last February
Bitbns CEO Gaurave Dahake said that the exchange was taken offline to analyze certain anomalies in prices when the team discovered a hack.
Crime
OKX says CELT token price was manipulated; affected users to be compensated
OKX froze 5 malicious accounts that were involved in the market manipulation. Over 3 million USDT will be airdropped to affected users.
Crime
North Korean hackers move $3.2M from Gate.io 2018 hack
The majority of $234 million stolen in the attack was already laundered. The recent movements involved funds that were dormant for 4.5 years.