⚖️ Sen. Richard Blumenthal pressed Binance to hand over records involving “the use of Binance by individuals in Iran,” as well as documents related to the firing of compliance staff and other records.
Blumenthal’s letter to Binance CEO Richard Teng follows the exchange's guilty plea over two years ago for failing to register as a money transmitting business and breaching sanctions. #regulation link
Blumenthal’s letter to Binance CEO Richard Teng follows the exchange's guilty plea over two years ago for failing to register as a money transmitting business and breaching sanctions. #regulation link
📊 #BTC options positioning has flipped.
Our full-history GEX heatmap shows expanding negative gamma (red) around and below spot, while positive “gamma walls” thin out above.
With price in a short-gamma pocket, dealer hedging can amplify moves.
Our full-history GEX heatmap shows expanding negative gamma (red) around and below spot, while positive “gamma walls” thin out above.
With price in a short-gamma pocket, dealer hedging can amplify moves.
💰 Tether’s market capitalization has declined for a second consecutive month, falling 0.8% in February to $183.61 billion. This marks its first two-month contraction since the 2022 Terra collapse. USDC has recovered to about $75 billion from its January low but remains largely flat year to date, reflecting broader stagnation among major stablecoins. #stablecoin link
Coindesk
Leading stablecoin Tether shrinks again as market cap looks set for second straight monthly drop
Growth of tether and other top stablecoins has stalled, posing risk to the broader crypto market.
🇰🇷👀 South Korea proposes to introduce mandatory disclosure of personal assets and any compensation received for promoting cryptocurrencies by crypto influencers. link
The Block
South Korea proposes mandatory asset disclosure for crypto influencers: report
Influencers would be required to reveal compensation tied to their recommendations, and the crypto assets they personally hold.
💸 Circle reported Q4 revenue and reserve income of $770M (+77% YoY) and net income of $133M, with USDC circulation reaching $75.3B.
For FY2025, revenue totaled $2.7B (+64% YoY) with $582M in Adjusted EBITDA, while the company posted a $70M net loss due largely to IPO-related stock compensation. link
For FY2025, revenue totaled $2.7B (+64% YoY) with $582M in Adjusted EBITDA, while the company posted a $70M net loss due largely to IPO-related stock compensation. link
🕵️ Blackrock deposited 1,134 $BTC worth $74.18M into Coinbase and is likely to deposit more. link
🤔 Exploring Core: How to Build a Bitcoin Neo-Bank
Core contributor Rich Rines discusses Core’s Bitcoin yield infrastructure built on its Satoshi Plus consensus, which combines Bitcoin hash delegation and staking. He highlights the launch of a Bitcoin yield ETP on the London Stock Exchange, institutional demand for Bitcoin yield products, and plans for SatPay, a Bitcoin neo-bank developed with Mobilum. Core aims to bridge Bitcoin DeFi and traditional finance while maintaining a non-custodial staking model. link
Core contributor Rich Rines discusses Core’s Bitcoin yield infrastructure built on its Satoshi Plus consensus, which combines Bitcoin hash delegation and staking. He highlights the launch of a Bitcoin yield ETP on the London Stock Exchange, institutional demand for Bitcoin yield products, and plans for SatPay, a Bitcoin neo-bank developed with Mobilum. Core aims to bridge Bitcoin DeFi and traditional finance while maintaining a non-custodial staking model. link
Substack
Exploring Core: How to Build a Bitcoin Neo-Bank
In this interview, Rich Rines, initial contributor of Core Foundation, shares insights on the organization’s development of Bitcoin yield infrastructure and its future roadmap.
🇺🇸👮 According to CoinDesk, U.S. Senator Richard Blumenthal is investigating Binance over $1.7B allegedly linked to Iran-related entities. He is requesting records and compliance details. Binance denied the claims, stating it has no Iranian users, and is conducting an internal review to be shared with the U.S. DOJ. #regulation link
Coindesk
Sen. Blumenthal probes Binance over alleged $1.7 billion in crypto Iran-linked transactions
Sen. Richard Blumenthal sends Binance chief a letter over sanctions laws violations, as the exchange reiterates denial and cites strict KYC controls.
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💸 BTC supply in loss just hit 10M coins, the fourth-highest reading ever.
A further 70K coins are in loss from purchases between February 6 and today.
Circulating supply hits 20M BTC next week, that’s 50% in loss.
History suggests that’s enough capital destruction for a bear market bottom. link
A further 70K coins are in loss from purchases between February 6 and today.
Circulating supply hits 20M BTC next week, that’s 50% in loss.
History suggests that’s enough capital destruction for a bear market bottom. link
📈 Crypto-Native Prime Broker Project 0 Allows Users to Borrow Against DeFi Portfolios for Real-World Expenses - The Block
🧑💻 #AVA Travala launches global car rental service with cryptocurrency payment.
🇺🇸🕵️ Someone created a new Polymarket wallet "dfhgdhfthrfhr" and spent $180K betting that the U.S. will not strike Iran by March 4, 2026. link