Market
Mining
Core Scientific offloads 27,000 mining rigs to NYDIG to cover $38M loan
Core Scientific said the transferred machines are "no longer necessary" for its "current operations and future business plans."
NFTs
Logan Paul faces class-action lawsuit over failed CryptoZoo NFT project
The lawsuit alleges that Logan Paul and his associates executed a "rug pull" on the failed CryptoZoo project.
Exchanges
Kraken closes Abu Dhabi’s office, sacks 8 staff
Kraken discharged eight members of its MENA team, keeping the managing director Benjamin Ampen to oversee the transition in the region.
Bankruptcy
Bitfinex sends $8.5M in crypto to Alameda’s wallet in last 24 hours
Bitfinex made four transactions — which included $6 million USDT and 1545 Ethereum (roughly $2.52 million) — to the bankrupt firm's wallet.
Crypto
CryptoSlate Daily wMarket Update: Bullish market sentiment sends Bitcoin briefly above $24,000
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Investments
72% of institutional traders have no plans to trade crypto, JPMorgan survey
The survey shows that only 14% of the traders currently trade crypto or have plans to begin trading within the next year.
Exchanges
Coinbase denies shutting NFT marketplace amid dwindling use
Coinbase NFT weekly users fell below 500 towards the end of September 2022 and has consistently seen less than 200 weekly users in 2023.
Stablecoins
Binance CZ says stablecoin regulation would boost adoption
CZ said on Feb.1 that stablecoins regulation could help accelerate its adoption and commended Hong Kong's "decided approach."
Exchanges
BNB chain introduces new web3 storage product ‘BNB Greenfield’
The storage system will use BNB as its native token and will become the third blockchain in the BNB ecosystem that already comprises of BNB Beacon Chain and BNB Smart Chain.
Crypto
CryptoSlate Daily wMarket Update: Market sentiment green in anticipation of Fed rate hike
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Bankruptcy
Celsius publishes eligible users’ list for withdrawals
The crypto lender emphasized that eligible users must update their accounts with certain information before any withdrawals can be processed.
Stablecoins
Cardano stablecoin Djed TVL hits $10M in 24 hours, ADA up 4%
The stablecoin has a circulating supply of 1.7 million, while its reserve token's supply is at 20.8 million, according to data on its official website.