🚀 Who Put BTC In a Rocket?
In today’s edition: 🚫 Yuga Labs' royalty stance, 📊 DYDX token supply increase, 💰 MicroStrategy's BTC acquisition, 💡 Airdrop profit strategy, and more!
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Well-known white hat hacker and head of security at Paradigm samczsun recently took the wraps off a new security organization called the Security Alliance (SEAL) that offers a 911 hotline for immediate response to security threats, runs war games to simulate potential security incidents, and provides a safe harbor agreement to protect white hat hackers from legal liabilities.
He joined Unchained to discuss why he and his fellow white hat hackers decided to start the Security Alliance and how it operates, how the safe harbor agreement works, the measures he takes to maintain his anonymity and why, the top security measures people in crypto should take to protect themselves, and what attack areas in crypto Sam still considers “scary.”
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
What’s Poppin’?
by Juan Aranovich, Brandy Betz, and Sage Young
Bitcoin Price Surges Past $54,000, Flirts With $55,000 Mark
As bitcoin flirted with the $55,000 mark, the entire spot bitcoin (BTC) ETF category experienced its second most traded day, with trading volume reaching $3.2 billion, according to Bloomberg analyst James Seyffart.
Yuga Labs to End Support for NFT Marketplaces That Don’t Respect Royalties
Eighteen collections from NFT heavyweight Yuga Labs will only trade on royalty-enforcing marketplaces starting Tuesday. However, this will not include Yuga Labs’ most famous and most traded collections, CryptoPunks and Bored Ape Yacht Club.
DYDX’s Unlocked Supply Set To Increase by 33.33 Million Tokens Worth About $116 Million
While token-unlocking events typically cause downward pressure in a cryptocurrency’s price, DYDX has increased 1.6% in the past 24 hours and nearly 12% in the past seven days to $3.48 at press time, according to data from CoinGecko.
MicroStrategy Adds 3,000 More Bitcoins to Its Coffers for $155.4 Million
Software firm MicroStrategy now holds roughly 193,000 bitcoins worth about $10 billion.
Nearly Half of Major Crypto Airdrops Peak in Value Within First 2 Weeks: CoinGecko
An analysis by CoinGecko shows when has been the best time to sell tokens after an airdrop.
Daily Bits…✍️✍️✍️
🏛 Terraform Labs' Do Kwon faces delays in his SEC trial on fraud charges due to extradition proceedings from Montenegro to the US.
⚖️ Genesis' bankruptcy proceedings continue with discussions on the SEC's settlement and objections against Digital Currency Group's involvement in customer recoveries.
🌐 Ether has become the top institutional crypto asset, surpassing bitcoin, according to Bybit Research. The research team attribute this shift to the potential impact of Ethereum's Dencun upgrade.
🔐 Tornado Cash, a token mixer, faces a backend exploit that could put user deposits at risk. A community proposal suggests reverting to an earlier protocol version to address the vulnerability.
🔌 A Texas judge issued a temporary restraining order against the U.S. Department of Energy's emergency survey on crypto mining, following a lawsuit by the Texas Blockchain Council and Riot Platforms, citing concerns over "sloppy government process."
🇰🇷 South Korea's Financial Services Commission plans to discuss the classification of NFTs and approval of bitcoin ETFs with U.S. SEC Chair Gary Gensler in a forthcoming meeting.
🚪 BitForex, a Hong Kong-based cryptocurrency exchange, abruptly ceased operations and blocked user access after $57 million was withdrawn, raising suspicions of an exit scam.
💰 Ethereum Layer 2 solution Blast surpassed $2 billion in total value locked (TVL) as it gears up for its mainnet launch on Feb. 29.
🌾 JPEG'd DAO contemplates airdrop farming strategies to leverage its $37 million ether treasury for potentially high yields.
🕵️ A single Chinese “pig-butchering” operation reportedly amassed over $100 million in Tether stablecoins (USDT) through romance scams, with significant crypto transactions traced to a compound in Myanmar.
💭 Lido Finance's LDO token spiked 10% following a fake revenue-sharing proposal posted in the governance forum, suggesting increased interest in such initiatives among DeFi protocols.
🔗 ENS DAO settled a $300,000 lawsuit over the eth.link domain, concluding a legal dispute involving the domain's ownership and usage.
🌍 OKX expanded its global presence by launching a crypto exchange in Turkey, OKX TR, offering direct deposits and withdrawals in Turkish Lira.
The $$$ Corner…
💰 Avail, a new Ethereum data network, raised $27 million in a seed funding round to develop its core products, positioning itself as a competitor to Celestia.
What Do You Meme?
Recommended Reads
Staking, Restaking, and LRTfi: Composable Capital Efficiency and Neutrality (Part I) by LongHash Ventures
The risks of LRTs by Mike Neuder and Tarun Chitra
DL News: Inside the trial to prove Craig Wright’s claim he invented Bitcoin is a ‘lie’
📈 Your Market Update 📉
BTC is up 10.5%, trading at $56,529
ETH is up 6.6%, trading at $3,263
BTC dominance: 49.43%
Crypto market cap: $2.25T
*All data as of today, 06:20 am ET. Source: CoinGecko
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