๐ Biden to appoint Fed Vice Chair Lael Brainard as chief economic adviser: Bloomberg
Brainard led the US Federal Reserve's work on a potential digital dollar (CBDC) and cryptocurrency policy discussion
#regulation
coindesk
Brainard led the US Federal Reserve's work on a potential digital dollar (CBDC) and cryptocurrency policy discussion
#regulation
coindesk
๐ค CryptoAttack ๐ฌ๐ง
๐ Pie Shield: The Paxi Treasury destroyed 342 million BUSD in the last 24 hours. twitter.com
๐งฏ #BUSD Paxos Treasury burns again: 76.15 million BUSD
๐จ๐ณ๐ Beijing Economic Information Bureau publishes "White Paper on the Development of the Artificial Intelligence Industry": support leading companies to build a large model comparable to ChatGPT and focus on building an open source platform mp.weixin.qq.com
๐ฅณ #ETH Statistics: The number of Ethereum blocks that comply with OFAC requirements has fallen to 48%
๐ #BUSD Head of Matrixport Research: Regulatory actions regarding BUSD are not aimed at attacking all stablecoins cointelegraph.com
๐ฐ ScalingX, the Web3 developer community, is launching its accelerator with a $20 million investment. The accelerator is designed to support and develop the Web3 ecosystem with a focus on zK and DeFi
๐ #ALGO Algorand Foundation CEO: Crypto SEC crackdown highlights lack of regulatory clarity. Crypto companies are punished rather than instructed.
#regulation
#regulation
๐ฐ๐ Credit Suisse leads $65M Series B at European digital asset company Taurus
theblock.com
theblock.com
๐ US Attorneys found that SBF uses VPN to access the internet. This raises concerns that the FTX co-founder may be hiding his online activities. Bloomberg
๐ค CryptoAttack ๐ฌ๐ง
๐ Data: Binance's 24-hour net churn is around $831 million, the largest single-day net churn since last November. coindesk.com
๐ #BUSD 0xscope: Over the past 12 hours, the outflow of stablecoins from Binance seems to be under control. twitter.com
X (formerly Twitter)
0xScope (@ScopeProtocol) on X
In the past 12 hours, the stablecoin outflow of Binance seems to be getting control.
No >1M $USDC withdrawals have been processed for 15 hours.
Also, two anon addresses have sent ~$500M $USDC to #Binance.
#Binance is taking action.
Money flow๐
https://t.co/0XGs1xAv5W
No >1M $USDC withdrawals have been processed for 15 hours.
Also, two anon addresses have sent ~$500M $USDC to #Binance.
#Binance is taking action.
Money flow๐
https://t.co/0XGs1xAv5W
๐ฏ๐ต๐ฐ SBI Holdings intends to add a 49% stake in the Bitpoint Japan crypto exchange and will fully own it coinpost.jp
๐น๐ The SEC is trying to create a โchilling effectโ on the blockchain industry by flagging nine tokens (#AMP, #XYO, #LCX, #POWR, #RLY, #RGT, #DDX, #DFX, #KROM) at the center of the case. insider trading like securities, but without giving token creators a chance to protect themselves.
coindesk.com
coindesk.com
TVL Lido fell by -6.66% after ETH price fell by -7.22%.
- Lido led the new Ethereum stack with a 27% share of weekly deposits.
- wstETH: 34,726 (+34.87%) .
- Lido on Polygon achieves 2% market share.
- Lido led the new Ethereum stack with a 27% share of weekly deposits.
- wstETH: 34,726 (+34.87%) .
- Lido on Polygon achieves 2% market share.
๐ #ETH Since the merger, the Ethereum supply has decreased by more than 17,000 ETH, and the current ETH annual deflation rate is 0.12%.
๐ค CryptoAttack ๐ฌ๐ง
๐ฟ Digest and events for tomorrow: ๐ Unlock: Centrifuge (#CFG) - 2.08% - The Sandbox (#SAND) - 12.4% ($274.4m) - dYdX (#DYDX) - 0.7% ($16.2m) ๐ Cardano (#ADA) - Update SECP - Terra Classic (#LUNC) - Update ัะตัะธ Terra Classic ๐ Blur (#BLUR) - BLUR token launchโฆ
๐#ADA Some key ADA metrics:
- The number of whale transactions on ADA has increased significantly since the beginning of February.
- Since the FTX crash, addresses containing between 10K and 10M #ADA have accumulated 659.53M #ADA. This turn coming from Cardano's key stakeholders is a good sign.
- Based on both the two-week price correction and the fall in 2022, there is less risk to buy now compared to the average period in Cardano's history.
- The number of unique daily addresses interacting in the #ADA network has dropped to ~62k addresses per day since November (85k).
- The number of whale transactions on ADA has increased significantly since the beginning of February.
- Since the FTX crash, addresses containing between 10K and 10M #ADA have accumulated 659.53M #ADA. This turn coming from Cardano's key stakeholders is a good sign.
- Based on both the two-week price correction and the fall in 2022, there is less risk to buy now compared to the average period in Cardano's history.
- The number of unique daily addresses interacting in the #ADA network has dropped to ~62k addresses per day since November (85k).