Market
Memecoins
Elon Musk tweet pumps FLOKI over 40%
FLOKI pumped over 40% in price alongside a DOGE and SHIB pump of over 5% following Elon Musk's meme about his dog Floki.
DeFi
Traders turn to USDT as BUSD dominates heavily imbalanced Curve liquidity pool
The BUSD V2 dashboard shows that the embattled stablecoin accounted for roughly 81% of the pool's $12.85 million reserve, while USDT made up 4%.
Regulation
South Korea reportedly monitoring Ripple’s case against SEC
The classification of XRP in the US could broadly impact the classification of other altcoins as securities.
Censorship
Ethereum’s OFAC-Compliant blocks drop to 47%
Gnosis CEO Martin Koppelmann pointed out that while news of Ethereum being less OFAC-compliant is great, there is still a need for more "systemic solutions."
Crypto
CryptoSlate Daily wMarket Update: Bitcoin trades under 22k as market awaits CPI numbers
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Legal
US prosecutors raise concerns over SBF’s use of VPN
SBF's lawyers said he only used the VPN to watch the National Football League (NFL) playoffs and the Super Bowl via an international subscription.
Bankruptcy
Celsius former CEO wallet dumps $480k in CEL token selloff
A court-appointed independent examiner said Alex Mashinsky profited over $60 million from his sales of Celsius tokens.
Exchanges
Binance processes $1B withdrawals amid regulatory scrutiny on BUSD
Binance USD (BUSD) issuer Paxos burnt $342 million worth of the stablecoin during the previous 24 hours, according to Etherscan data.
Stablecoins
Wall street institution Cantor Fitzgerald reportedly manages $39B of Tether’s reserves
Tether reported that it held assets worth $67.04 billion as of Dec. 31 — the assets included $39.2 billion of U.S. Treasury bills.
Regulation
US financial committee demands SBF-related documents from SEC
The lawmakers wrote that the timing of the SEC's charges against SBF raises "serious questions about its process and cooperation" with the US Department of Justice (DoJ).
Analysis
Optimism sheds 10% following 11M token airdrop
Optimism's OP token fell 13% in the last 24 hours to $2.33 as of press time, according to CryptoSlate data.
Regulation
Ripple CEO praises ‘positive global regulatory developments’ happening outside US
Garlinghouse praised regulators in Dubai, the U.K., Australia, Brazil, and South Korea for providing "leadership" and "clarity" for crypto firms.