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:

  1. 🚀 Blast Mainnet launching soon.
  2. 🪂 Pixels $PIXEL community airdrop.
  3. 📉 Ark Invest sells $90M of Coinbase $COIN.
  4. 👾 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

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PROTOCOLASSETSAPY
Beefy logoBeefy (Polygon)EURTDAIPUSDCE582.62%
Notional V3 logoNotional V3 (Arbitrum)NUSDT58.22%
Turbos logoTurbos (Sui)USDTUSDC48.36%
Umami Finance logoUmami Finance (Arbitrum)GMUSDC39.40%
Aerodrome logoAerodrome (Base)DOLAUSDC39.01%
Merkl logoMerkl (Arbitrum)GUSDCGDAI35.71%
Cetus logoCetus (Sui)USDTUSDC33.52%
Vela Exchange logoVela Exchange (Arbitrum)USDC32.82%
. . .

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. . .

That’s it for today’s edition! See you soon.

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