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This marked the largest weekly outflow, which represents 1% of the market, while Bitcoin-based products saw $224 million in outflows.
TrueUSD (TUSD) holds $852.27 million at the embattled Signature Bank, according to its real-time reserves data.
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
CryptoQuant's data showed that Huobi's reserve dropped by $72.4 million in the last 24 hours.
The decline led to over $200,000,000 of market cap gone from HT within an hour, only to recover by over 1000% minutes after.
Content creators can connect with their audience through REPUBLIK and utilize smart contracts to handle monetization processes.
Robinhood has launched its self-custody crypto wallet for Apple devices. Meanwhile, Huobi advisor and TRON founder Justin Sun has called for unified crypto regulation. These and other stories in today's issue of CryptoSlate Wrapped Daily.
Sun said regulations are healthy for the crypto sphere and added that TRON is willing to cooperate with the lawmakers on a global level.
Sun disclosed actively working with regulators to form an appropriate framework and is certain of Huobi being granted a license to operate in the region.
The exchange insists that its actions only affected its own ledger.
The Hong Kong government acknowledges the importance of Web3 with plans to develop the concept via its Cyberport hub.
SFC Chair Julia Leung said the proposed requirements protect investors — following the 'same business, same risks, same rules' principles.
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
DappRadar states, "The DeFi market showed signs of recovery in January 2023," as TVL closes January at $74.6 billion.
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.
A key differentiator with bitcoin in terms of its ability to act as money is the credibility of its monetary policy.
Debt DAO issued 20 million FUD tokens valued at $1 each. It will issue and airdrop additional tokens after FTX confirms the debt amount.
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.
BNB Chain deployed 2,163 dApps, while Ethereum recorded 21.2 million NFT transactions during 2022.
Sun may spend his personal wealth to support Genesis' troubled parent company.
