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- SBF's Secret Credit Line
SBF's Secret Credit Line
🔍 Deltec's Tether Scheme Exposed
Bank's Secret Credit Line: Deltec Bank, implicated in a Tether manipulation lawsuit, reportedly provided a hidden credit line to Alameda Research, enabling advantageous Tether trades.
Accusations and Denials: Accused of aiding in misappropriation and ignoring suspicious activities, Deltec Bank's legal counsel refutes allegations of knowing about FTX's misconduct.
Legal and Regulatory Impact: The lawsuit's outcome, involving victims of SBF's fraud, could significantly influence the cryptocurrency regulation landscape. Read More.
️ On today's Top Picks:
- 🚀 Blast Mainnet launching soon.
- 🪂 Pixels $PIXEL community airdrop.
- 📉 Ark Invest sells $90M of Coinbase $COIN.
- 👾 Fixed Float exploited for $26.1M.
Read time: ⏰ 5 minutes
Crypto News
• ⭐️ Tether partner accused of providing secret billion-dollar credit line to SBF's Alameda Research.
• Justin Sun allegedly buys $154.4M worth of Ethereum $ETH.
• Yuga Labs acquires Proof and its Moonbirds NFT brand.
• Lazarus hackers turn to YoMix Bitcoin mixer for laundering stolen crypto.
• Japan to allow VCs to invest directly in crypto and Web3 startups.
Alpha
• The Honey Jar launches Pudgy Ooga Booga quest for certain NFT holders.
• Puffer Chapter 3 of Puffy's Crunchy Carrot Campaign coming this week.
• ⭐️ Blast Mainnet launching at the end of February with exact date being shared later this week.
• Blast Takeover campaigns launch on Galxe.
• Opal opens Governance Forum in anticipation for upcoming launch.
• Opal highlights Balancer article to show why they chose the DEX as its primary ecosystem.
• RedStone Oracles teases announcement set for February 23 at 00:00 UTC.
• Lava launches Magma where users can earn points for using Lava RPCs.
Airdrops
• ⭐️ Pixels $PIXEL community airdrop by Olimpio.
• AltLayer $ALT airdrop claim for Celestia $TIA stakers goes live on Feburary 20th at 0800 UTC.
• Frax Finance founder announces March 6th snapshot for, ".. the biggest airdrop to $FXS holders to ever occur. 👀"
• Scroll Airdrop Guide by CC2.
• zkSync Airdrop Snooping by Crypto Snooper.
• ICYMI Berachain Ooga Booga Strategy by Earndrop.
Finance News
• ⭐️ Ark Invest sells $90M of Coinbase $COIN shares.
• The European Commission set to fine Apple $AAPL €500M over alleged breaches of EU competition law.
• Santander $SAN to buy back $1.57B of shares and raise 2023 dividends.
Security and Exploits
• Wallet Drainers modified to bypass transaction simulation.
• ⭐️ Fixed Float exploited for $26.1M as team investigates cause.
• Opal Security Review Competition in collaboration with Cantina ends tommrrow.
• SlowMist Weekly Security Report highlights over $10M of estimated losses.
Token Unlocks
• AltLayer / 300M $ALT / ~$124.9M / FEB 20
• dYdX / 575.34K $DYDX / ~$1.8M / FEB 20
• Avalanche / 9.54M $AVAX / ~$379.8M / FEB 21
• Space ID / 18.49M $ID / ~$10.7M / FEB 21
• Acala / 4.66M $ACA / ~$522.7K / FEB 24
Funding
• AltLayer, a Rollups-As-A-Service platform; raises $14.4M in Strategic funding co-led by Polychain and Hack VC.
• Beoble, a chat solution for Web3; raises $7M in Seed funding.
• Metropolis, a Web3 ecoysystem for commerce, gaming, SocialFi, art, & culture; raises $1.2M in funding.
• Silencio, a DePIN for measuring noise pollution; raises $1M in Pre-Seed funding.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
PROTOCOL | ASSETS | APY |
---|---|---|
Beefy (Polygon) | EURTDAIPUSDCE | 582.62% |
Notional V3 (Arbitrum) | NUSDT | 58.22% |
Turbos (Sui) | USDTUSDC | 48.36% |
Umami Finance (Arbitrum) | GMUSDC | 39.40% |
Aerodrome (Base) | DOLAUSDC | 39.01% |
Merkl (Arbitrum) | GUSDCGDAI | 35.71% |
Cetus (Sui) | USDTUSDC | 33.52% |
Vela Exchange (Arbitrum) | USDC | 32.82% |
+$600,000,000 in airdrops was lost |
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That’s it for today’s edition! See you soon.
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