Market
Tokenization
Justin Sun backs FTX Debt token ‘FUD’ in possible securities law breach
Debt DAO issued 20 million FUD tokens valued at $1 each. It will issue and airdrop additional tokens after FTX confirms the debt amount.
CBDCs
UK looks to launch digital pound by 2030, roadmap to be released soon
The Bank of England and the Treasury believe that the U.K. will "likely" need a digital pound amid declining cash usage.
Stablecoins
Four men controlled 86% of Tether shares in 2018
Tether is deeply intertwined with Bitfinex. The two firms have a common CEO, CFO and general counsel, as per a WSJ report.
Regulation
Indonesia to have national crypto exchange before June
The Indonesian Trade Minister said five out of the 25 registered crypto exchanges in the country may be part of the national bourse.
Lending
Solana-based Everlend shutters operations amid shrinking lending market
Despite considering itself an "excellent product" and having "enough runway," Everlend said it would be a "gamble" to move forward.
Regulation
India wants consensus on crypto regulation among G20 members this year
India is working with the Financial Stability Board to bring consensus among G20 members on their approach and roadmap to crypto regulation.
Trading
Nasdaq Crypto Index rose 37.2% in January – amid bullish market sentiment
Last month, the Index booked its third-highest monthly gains since February 2021, while Bitcoin itself saw its price rise by 39.4%.
Bankruptcy
Alameda Research sues Voyager for $446M to recover loan repayments
Since Alameda made these repayments within 90 days preceding its bankruptcy, they are eligible to be clawed back, lawyers claim.
Exchanges
NYDFS investigating Gemini over FDIC-related claims
Some Gemini Earn users claim the exchange misled them into thinking that their funds were safe by mentioning FDIC.
Investments
Crypto investment products see weekly inflows of $117M, highest since July 2022
Bitcoin has emerged as an investor favorite as BTC investment products saw inflows of $116 million over the past seven days.
Adoption
Bitcoin premium in Nigeria tops 164% amid demonetization
The central bank's move to invalidate current notes and the subsequent cash withdrawal restrictions have increased demand for Bitcoin.
Regulation
Australian regulators reported concern surrounding FTX – 8 months before its collapse
The Australian regulators issued 3 notices to FTX and was surveilling the exchange in the 8 months before it collapsed.