Market
Tokenization
Stacks’ 135% rally helps it reclaim $1B market cap
Matrixport research said the recent hypes around Bitcoin NFTs could help push Stacks STX token to new highs.
Banking
BIS chief says past events ‘cast doubt’ on stablecoins’ ability to function as money
The bank chief believes tokenized deposits and central bank digital currencies (CBDCs) can make the financial industry more efficient.
NFTs
Immutable reportedly lays off 11% of staff after $56M loss
Immutable incurred around $56 million losses as its expenses outstripped earnings over the past financial year, according to the report.
NFTs
Blur reveals additional 300M token airdrop to loyal users
Blur's new loyalty score initiative disincentivizes users from other NFT platforms like OpenSea.
Bear Market
Polygon sacks 20% of staff, says it remains financially healthy
Polygon has a balance of over $250 million and holds 1.9 billion MATIC tokens — worth roughly $2.7 billion according to current value.
Crypto
CryptoSlate Daily wMarket Update: Bitcoin rejected at $25,000 as mild sell-off wipes $20B from crypto market
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Bankruptcy
Genesis creditors file to restrict bankrupt’s firm intercompany transactions
Genesis creditors said the request raises various concerns for the committee as previous intercompany transactions are being investigated.
Hacks
DeFi protocol Hope Finance hacked for $2M at launch
A Cognitos spokesperson said the exploited smart contract was different from the one it audited for Hope Finance.
Featured
FTX Japan to resume withdrawals on Feb. 21
FTX Japan said it would announce the resumption of its services soon, according to a Feb. 20 press statement.
DeFi
Bitcoin layer2 Stacks Network up 50% in 24 hours
Stacks co-founder Muneeb Ali said its STX token is the first-ever token offering qualified by the U.S. SEC.
Ordinals
CryptoSlate Daily wMarket Update: Bitcoin nears $25,000 with renewed bullish sentiments
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Legal
NBA hall of famer Paul Pierce to pay SEC $1.4M for undisclosed promotion of EMAX
The SEC said Pierce violated the anti-touting and antifraud provisions of the federal securities laws.