Trading
Metaverse
Disney disbands entire metaverse team – 50 staff jobs cut
Disney had made some foray into the metaverse scene in the previous year, but its plan remained sketchy more than a year later.
Exchanges
Binance-linked addresses plunge by over $1B following CFTC lawsuit
Following the CFTC news, DeFillama dashboard showed that Binance has processed 24 times more withdrawals than its closest rival.
Adoption
MicroStrategy acquires Bitcoin worth $150M, makes repayment on Silvergate loan
MicroStrategy said it now holds 138,955 BTC acquired for approximately $4.14 billion at an average price of $29,817.
Crypto
CryptoSlate wMarket Update: Bitcoin meets resistance at $28,000 as liquidity concerns rise
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Legal
South Korea wants Terraform labs co-founder arrested
Previous attempts to arrest the Terra co-founder Daniel Shin failed because a South Korean court refused to grant the arrest warrant.
Exchanges
Binance Bitcoin trading volume plunges 13% – lowest level in 8 months
Bitcoin's overall market liquidity has dropped to a 10-month low despite the asset's continued rise in 2023.
Bankruptcy
First Citizens Bank to acquire failed Silicon Valley Bank assets at a discount
The FDIC said early estimates showed that Silicon Valley Bank's failure cost its Deposit Insurance Fund around $20 billion.
Exchanges
Zipmex acquisition faces challenges as buyer misses $1.2M payment
Zipmex reportedly said the failed payment could force it to liquidate its technology unit and suspend its payroll.
Exchanges
Binance bug dumps BTC 1.39% – CZ assures ‘Funds are #SAFU’
Binance tweeted that it knew of an issue impacting spot trading and said it was working to resolve it soon.
Layer-2
Airdrop claims help Arbitrum process twice Ethereum’s transaction in 24 hours
According to L2 Beats data, the he total value of assets locked (TVL) on Arbitrum has increased to $5.95 billion — up 62%.
Regulation
SEC issues investor alert over crypto investments
The SEC said firms offering crypto investments services might violate several applicable laws, including the federal securities laws.
Layer-2
Over 300M Arbitrum ARB tokens claimed; price plunges 90%
Nansen's dashboard shows that more than 160,000 addresses have claimed over 300 million ARB tokens as of press time.
