First Mover Asia: Filecoin Struggles Amid China Exposure, Cost of Subsidy Concerns
A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend, means Filecoin needs more than a token rally to be sustainable.
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Silvergate’s Struggles Will Likely Boost Stablecoins’ Role in Crypto Trading: Kaiko
Ailing crypto-friendly bank Silvergate closed its instant settlement SEN platform last week, which has been a key on-ramp for institutional crypto investors to transfer U.S. dollars to exchanges.
Yuga Labs’ Bitcoin NFT Collection Fetches Top Bid of Nearly $160K
The company behind Bored Ape Yacht Club released its 300-edition TwelveFold NFT collection on the Ordinals protocol.
Crypto Exchange Bybit Suspends USD Deposits
The exchange announced the suspension on Saturday, adding that withdrawals through wire transfers, including SWIFT, will be halted from March 10.
EOS Blockchain Plans Second Innings Ahead of April’s EVM Launch
The EOS Foundation will grant funds to EOS-based applications, among other steps, as the platform gears for a “new life.”
First Mover Asia: Bitcoin Is Stuck Between Silvergate and China
ALSO: CoinDesk columnist Chief Insights Columnist David Z. Morris considered the gathering of the Etherians at ETHDenver, all working together to build; Bitcoin stands on a precipice above $22.4K.
ETHDenver Teases Spin-off Plans as Conference Winds Down
After a successful week of hacking, networking, and partying, ETHDenver co-founder John Paller revealed he is in talks to organize satellite events in other countries.
Lido’s LDO Token Sinks 10% Following Rumors Crypto Staking Service Received SEC Notice
Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service.
Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals
The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens.
Bankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says
Sam Bankman-Fried’s bail conditions should restrict his use of the internet, including the use of a non-internet connected flip phone, an attorney to the U.S. Department of Justice has proposed in court filings made late Friday.