DeFi
Solana mainnet halted due to a performance issue, with a new software update in the pipeline for validators.
Business
A former Terraform Labs developer has testified that the firm’s co-founders Do Kwon and Shin Hyun-seung knew they were in violation of local securities laws when they promoted the TerraUSD stablecoin as a payment option.
Crypto investment firm Multicoin Capital is reportedly in talks to sell its $100 million FTX bankruptcy claim. Multicoin had 10% of its funds stuck on the crypto exchange when it collapsed and significant exposure to FTT, SOL and SRM.
The Optimism-based social protocol launched the Frames app on Jan. 26 to let users turn posts into interactive applications.
The bankrupt crypto exchange could repay creditors and customers from the proceeds obtained by selling the 8% stake.
Chainlink’s native cryptocurrency has returned to a price level not seen since Jan. 2022 and now has a market cap exceeding $11.2 billion.
Binance said that its security team had determined there was no leak from the crypto exchange’s systems after claims that its users’ KYC data was being sold on the dark web.
Bankrupt crypto lender Genesis is seeking the court’s approval to sell $1.6 billion in trust assets, of which nearly $1.4 billion are shares in GBTC.
Ethereum
For 41 ETH, or $94,000, hundreds of players like me are enduring 10 daily challenges, tribalism and “Survivor”-style elimination voting.
Regulation
The joint resolution is focused on repealing SAB 121, which has drawn significant criticism from the crypto industry.