Crypto firms banned from Super Bowl television ads this year — link
CoinDesk
Crypto Super Bowl Advertising Will Be Absent This Year
It's a notable change from last year's National Football League championship, where crypto ads were so prevalent the event was dubbed the "Crypto Bowl."
Coinbase's CEO cites 'rumors' the SEC may ban crypto staking for retail customers
https://twitter.com/brian_armstrong/status/1623459203150131201 — link
https://twitter.com/brian_armstrong/status/1623459203150131201 — link
Three Arrows Capital founders launch exchange where you can trade 3AC bankruptcy claims — link
CoinDesk
Three Arrows Capital Founders Launch Exchange Where You Can Trade 3AC Bankruptcy Claims
Named Open Exchange, the platform aims to be a home for trading what it says is a $20 billion market of claims against bankrupt crypto firms, including those of 3AC.
Big Newsfor Uniswap
Uniswap DAO has concluded the final vote to deploy Uniswap v3 on the BNB Chain.
The crypto vote ended on Friday with 66% of DAO delegates in favor of the move.
https://www.theblock.co/post/210570/uniswap-dao-completes-vote-for-proposed-bnb-deployment
Uniswap DAO has concluded the final vote to deploy Uniswap v3 on the BNB Chain.
The crypto vote ended on Friday with 66% of DAO delegates in favor of the move.
https://www.theblock.co/post/210570/uniswap-dao-completes-vote-for-proposed-bnb-deployment
The Block
Uniswap DAO completes vote for proposed BNB deployment
The plan to deploy Uniswap v3 on the BNB Chain is one step closer to actualization following a successful DAO vote on the matter.
Circle USDC warned NY watchdog about Binance token issues in 2022 — link
Bloomberg.com
Stablecoin Issuer Circle Warned New York Regulator About Rival Binance’s Token
Stablecoin giant Circle Internet Financial Ltd. issued a complaint to the New York State Department of Financial Services last year about rival crypto firm Binance’s mismanagement of reserves for its own tokens, months before the regulator told another stablecoin…
Defending its handing of BUSD Paxos: We will engage with the SEC staff on this issue and are prepared to vigorously litigate if necessary —press
PR Newswire
Paxos Issues Statement
/PRNewswire/ -- Paxos, the leading regulated blockchain and tokenization infrastructure platform, received a Wells notice from the SEC on February 3, 2023. The...
Former FTX executive’s charity generated profits from insider token prices — link
WSJ
Former FTX Executive’s Charity Generated Profits From Employee Token Prices
The Swiss nonprofit Polaris Ventures turned a donation of roughly $600,000 of FTT tokens into about $150 million, and is looking to cash out on its frozen FTX position.
On June 1st, 2023, Hong Kong will officially make crypto purchase & sell, trading, fully legal for all of its citizens — link
SEC poised to sue company behind failed Terra USD stablecoin, charges Do Kwon with fraud
Jump Crypto is unnamed firm that made $1.28B from Do Kwon’s doomed Terra ecosystem — link
Coindesk
Jump Crypto Is Unnamed Firm That Made $1.28B From Do Kwon’s Doomed Terra Ecosystem: Sources
A complaint by the SEC against Do Kwon and Terraform Labs revealed an unnamed trading firm helped Kwon restore UST’s $1 peg in 2021 in exchange for discounted LUNA tokens.
Coinbase in talks to create a federally regulated crypto exchange — link
Twitter
SCOOP: Following implosion of @FTX_Official, @BradKatsuyama's @IEX is in talks w @coinbase to create a federally regulated crypto exchange, sources tell @FoxBusiness. Brad and @SBF_FTX met previously w @GaryGensler to seek approval talks progressed until…
Robinhood subpoenaed by SEC over brokerage’s crypto business — link
Bloomberg.com
Robinhood Subpoenaed by SEC Over Brokerage’s Crypto Business
Robinhood Markets Inc. said the Securities and Exchange Commission was probing its cryptocurrency business, in the latest signal that the regulator is drilling deeper into virtual asset platforms.
Justin Sun is the largest individual staked ether holder
⦁ His balance on Lido, the largest liquid-staking protocol, is now nearly $500 million
⦁ On Saturday, Lido saw a $240 million inflow in the form of 150,000 $ETH in a series of transactions evidently by Sun. It is its largest daily stake inflow to date
⦁ After that, Lido activated a new safety feature, the Staking Rate Limit (the daily cap is set at 150,000 ether)
⦁ The value of assets in liquid-staking protocols is $14.22 billion now, which is just behind the $19.32 billion at decentralized exchanges
⦁ Liquid staking has replaced the lending and borrowing business as the second-largest sector of DeFi, following several high-profile failures of companies in that sphere last year
⦁ Lido's total deposits now total $9.3 billion
⦁ His balance on Lido, the largest liquid-staking protocol, is now nearly $500 million
⦁ On Saturday, Lido saw a $240 million inflow in the form of 150,000 $ETH in a series of transactions evidently by Sun. It is its largest daily stake inflow to date
⦁ After that, Lido activated a new safety feature, the Staking Rate Limit (the daily cap is set at 150,000 ether)
⦁ The value of assets in liquid-staking protocols is $14.22 billion now, which is just behind the $19.32 billion at decentralized exchanges
⦁ Liquid staking has replaced the lending and borrowing business as the second-largest sector of DeFi, following several high-profile failures of companies in that sphere last year
⦁ Lido's total deposits now total $9.3 billion
SEC chair Gensler says crypto exchanges may not be 'qualified custodians' — link
CoinDesk
SEC Chair Gensler Says Crypto Exchanges May Not Be 'Qualified Custodians'
"Just because a crypto trading platform claims to be a qualified custodian doesn’t mean that it is," the SEC chair said.
Bankrupt crypto lender Celsius re-opens withdrawals for certain custody accounts — link
CoinDesk
Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts
The firm paused withdrawals last June, citing extreme market conditions.