Market
Stablecoins
Stablecoins inflow to Ethereum L2s rise 5% to over $2B
In February, Arbitrum's stablecoin inflow averaged over $10 million per day as the network saw a total influx of around $300 million.
Regulation
Ripple CEO advises U.S. to embrace crypto regulations
Brad Garlinghouse criticized the U.S. Securities and Exchange Commission's (SEC) regulation-by-enforcement approach to the crypto industry.
Tokenization
Top crypto sector ‘move-to-earn’ is up 6% today, why?
Interest in STEPN's GMT token appear to have positively impacted the market cap of move-to-earn tokens over the last 24 hours.
Technology
IOST partnership with Amazon web pushes native token higher
The new partnership will see IOST integrate AWS 3.0 solutions into its ecosystem which would improve its Web3, Metaverse, DeFi, and NFT offerings.
NFTs
Crypto phishing scammer Monkey Drainer shuts down services
Monkey Drainer's phishing kit was used to steal around $13 million worth of digital assets, according to CertiK.
Stablecoins
Three Japanese banks to issue compliant stablecoins on ‘Japan Open Chain’
The Japanese banks are expected to issue legally backed stablecoins that can be used in Ethereum wallets like MetaMask.
Stablecoins
BUSD’s trading volume dropped to lowest point in February on Coinbase
BUSD's balance on exchanges has dropped to under 10 billion within three months, according to Glassnode data.
Tokenization
Conflux Network’s $10M funding round propels CFX token rise
DWF Labs reportedly purchased $10 million worth of CFX tokens from the project's team.
Tokenization
WBTC supply declined 15% in February
In February, bankrupt crypto lender Celsius burnt 22,732 WBTC — worth $533 million in 2 days via FalconX.
Technology
Visa’s head of crypto disputes report of company pausing crypto push
Visa’s head of crypto Cuy Sheffield said the company remains committed to the crypto industry despite the uncertainty and challenges.
Analysis
Wintermute researcher links wallet associated with UST depeg to Jane Street
Wintermute researcher Igor Igamberdiev said the transactions do not prove that Jane Street necessarily had malicious intent.
Regulation
Ripple asks SEC chair to recuse self from crypto enforcement cases
Ripple chief legal officer Stuart Alderorty said SEC Chair Gary Gensler has prejudged the outcome of crypto-related enforcement actions.