Market
Exchanges
Binance-linked addresses plunge by over $1B following CFTC lawsuit
Following the CFTC news, DeFillama dashboard showed that Binance has processed 24 times more withdrawals than its closest rival.
Adoption
MicroStrategy acquires Bitcoin worth $150M, makes repayment on Silvergate loan
MicroStrategy said it now holds 138,955 BTC acquired for approximately $4.14 billion at an average price of $29,817.
Crypto
CryptoSlate wMarket Update: Bitcoin meets resistance at $28,000 as liquidity concerns rise
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Legal
South Korea wants Terraform labs co-founder arrested
Previous attempts to arrest the Terra co-founder Daniel Shin failed because a South Korean court refused to grant the arrest warrant.
Exchanges
Binance Bitcoin trading volume plunges 13% – lowest level in 8 months
Bitcoin's overall market liquidity has dropped to a 10-month low despite the asset's continued rise in 2023.
Bankruptcy
First Citizens Bank to acquire failed Silicon Valley Bank assets at a discount
The FDIC said early estimates showed that Silicon Valley Bank's failure cost its Deposit Insurance Fund around $20 billion.
Exchanges
Zipmex acquisition faces challenges as buyer misses $1.2M payment
Zipmex reportedly said the failed payment could force it to liquidate its technology unit and suspend its payroll.
Exchanges
Binance bug dumps BTC 1.39% – CZ assures ‘Funds are #SAFU’
Binance tweeted that it knew of an issue impacting spot trading and said it was working to resolve it soon.
Layer-2
Airdrop claims help Arbitrum process twice Ethereum’s transaction in 24 hours
According to L2 Beats data, the he total value of assets locked (TVL) on Arbitrum has increased to $5.95 billion — up 62%.
Regulation
SEC issues investor alert over crypto investments
The SEC said firms offering crypto investments services might violate several applicable laws, including the federal securities laws.
Layer-2
Over 300M Arbitrum ARB tokens claimed; price plunges 90%
Nansen's dashboard shows that more than 160,000 addresses have claimed over 300 million ARB tokens as of press time.
Featured
Circle CEO says ‘aggressive regulatory actions’ on crypto caused ‘deep market anxiety’
Jeremy Allaire urged regulators to adopt a "clear, coherent and pragmatic policy" to help the U.S. maintain its position as a leader.