Market
Exchanges
WazirX deems Binance allegations ‘false’ and ‘unsubstantiated’
WazirX said it was taking the necessary steps to seek recourse and protect its legal rights against the actions taken by Binance.
Tokenization
FTX User Debt (FUD) tokens decline 10% as 18M burn becomes imminent
DebtDAO's FUD token rallied to as high as $115 on Feb. 5, forcing the DAO to consider burning majority of the token's supply.
Legal
Class-action lawsuit alleges Signature bank ‘permitted’ FTX comingling customer funds
Signature bank was accused of aiding and abetting the FTX fraud and the breach of its fiduciary duties.
Staking
Lido’s staked Ethereum crosses 5M, Frax Ethereum on the rise
Lido said its staking deposits grew across all chains except Kusama — its LDO token surged 18% to $2.45 as of press time.
DeFi
CoW Swap said it suffered no loss – despite $166k exploit
CoW Swap said an external party that had access to its settlement contract had set approval to a "bad contract" 10 days ago.
Exchanges
Binance is suspending USD-based bank transfers
Binance said its users' could use all other methods of buying and selling crypto, including bank transfers in other fiat currencies like Euros.
Mining
Riot Platforms’ Bitcoin production hits ATH in January
Riot's CEO Jason Les said the new record production was made despite the reduction to its deployed fleet and hash rate capacity.
Regulation
UK FCA warn crypto companies to comply with new ad regime or face imprisonment
The U.K. FCA said that its crypto promotions regulations would be similar to those guiding other high-risk investments.
Adoption
Over 600,000 small addresses FOMO’ed into Bitcoin at $20k
Bitcoin analysts said this cohort accumulation is good for the network because it would make the asset more decentralized over time.
DeFi
A16z 15M bloc vote against Uniswap BNB Chain deployment raises decentralization concerns
A16z said it does not believe Wormhole offers the most secure bridging option for Uniswap, citing its network vulnerabilities.
Exchanges
Binance terminates WazirX wallet services, asks it to withdraw users’ funds
Binance said it has invited Zanmai to work out arrangements to withdraw any remaining assets in the relevant accounts after Feb. 3
Crypto
CryptoSlate Daily wMarket Update: Bears take control as Bitcoin dips to $23,500
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.