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.
Huobi
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Exchanges
Huobi sees net outflows of over $60M in 24 hours
According to Nansen, the highest outflows were from stablecoins addresses (USDT and USDC) and Ethereum (ETH) wallets with high balances.
Exchanges
Huobi confirms lay-offs amid rampant FUD over operational stability
In the last 24 hours, Huobi's trading volume and the value of its native token has crashed by 20% and 6%, respectively.
Research
Huobi, Gate.io, Crypto.com see spikes in flow to FTX
Data analyzed by CryptoSlate showed sharp spikes in interexchange flows to FTX, with the most notable one being from Huobi.
Exchanges
Crypto exchanges to publish ‘proof-of-reserves’ following FTX’s implosion
Kucoin and OKX reveal they would publish their reserves within the next 30 days.
Exchanges
Huobi eyes US expansion with new FinCEN license
Huobi says the license provides a good foundation for its digital currency-related businesses in the United States.
Exchanges
Crypto exchange Huobi shuts its crypto derivative trading business in China
Huobi, the leading crypto exchange platform, will discontinue trading its cryptocurrency futures and other derivatives products in China starting today
DeFi
Report: America, not Asia, is leading in DeFi usage and DEX activity
North America has embraced decentralized finance the most amongst all regions of the world.
Legal
Altcoin exchange Kucoin to cease China operations amid regulatory woes
Kucoin has advised its Chinese users to move their digital assets to another crypto platform.
Regulation
DeFi tokens SUSHI, SNX, UNI emerge as winners after China’s crypto crackdown
Decentralized finance (DeFi) is profiting from China’s new shakedown on the crypto industry.
Regulation
‘Binance has no business in China,’ notes Changpeng Zhao amidst crypto crackdown
Binance has declared that it has stopped dealing with China since 2017.