Market
NFTs
Rally’s RLY token tanks 10% as sidechain shuts down – severing users’ from their NFTs
Rally blamed its decision on the challenging past year — the "macro headwinds are too overwhelming to overcome in the current environment."
Bankruptcy
Tether denies borrowing from bankrupt Celsius
Celsius' examiner report claimed Tether had over $2 billion Celsius exposure and was an "existential threat" to the lender's financial health.
Mining
Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley
The Bitcoin miner restructured its debt with its creditors, giving it more time to repay and further opportunities to reduce its debt burden.
Crypto
CryptoSlate Daily wMarket Update: Dogecoin rally defies overall market sentiment
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Analysis
Crypto ETPs sees 9000 BTC inflow in January
Valkyrie Bitcoin Miners ETF "We're Gonna Make It" (WGMI) has emerged as the best-performing fund in 2023, rising by over 100% in the past month.
Analysis
Lido’s price decline tied to Jump Trading dumping, analyst says
Jump Trading has dumped roughly 65,000 LDO tokens — declining over 10% in price —over the last 24 hours, according to Etherscan data.
Exchanges
Gemini’s stablecoin loses USD peg amid OKX delisting
The number of active addresses holding GUSD has dropped to a 2020 low, while the stablecoin supply has dropped off in recent months.
Bankruptcy
FTX-funded charity faces UK government probe
The Charity Commission described FTX's bankruptcy as a "serious incident" because it was significant funder of the Effective Ventures Foundation.
Crypto
CryptoSlate Daily wMarket Update: Bitcoin loses momentum after failing to break $24,000 resistance
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Adoption
Justin Sun says he is moving to Hong Kong, warns community about being ‘too US-centric’
Justin Sun said that the U.S. was not the only major player in the crypto industry, advising the community to focus on other countries.
DeFi
Cream Finance exploiter moves $3.3M ETH in January
The Cream Finance exploiter transferred 365.7 ETH — worth $600,000 — to an unknown centralized crypto exchange TradeOgre, Peckshield tweeted.
Bankruptcy
3 SBF-related wallets swapped $90M stETH for Ethereum at height of market depeg
Grogan said that the previously unknown wallets became public after they sent ETH and stETH to the bankrupt FTX's estate this January.