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Data from Glassnode and Decentral Park Capital shows bitcoin's STH-SOPR indicator, which shows the degree of realized profit and loss for all coins moved on-chain that have a lifespan of less than 155 days. The indicator has bounced from 1.00. Values greater than 1 suggest coins moved are, on average, selling at a profit. “All About Bitcoin” host Christine Lee breaks down “The Chart of The Day.”

17 feb 2023

The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Separately, Nishad Singh, the former director of engineering for collapsed crypto exchange FTX, is planning to plead guilty to fraud charges for his role in the alleged scheme, according to Bloomberg.

17 feb 2023

Sony Network Communications, a business division of The Sony Group, has teamed up with multi-chain smart contract network Astar Network to launch a Web3 incubation program for projects that focus on the utility of non-fungible tokens (NFT) and decentralized autonomous organizations (DAO). Last month, Astar Network – one of the first parachains to come to the Polkadot ecosystem – teamed up with automotive giant Toyota on a Web3 hackathon. "The Hash" panel discusses the latest move as web2 companies expand into Web3.

17 feb 2023

The Ethereum blockchain's upcoming Shanghai upgrade could affect the demand-supply balance in the ether market right away, keeping the cryptocurrency more volatile than it was in weeks after Ethereum's "Merge," a historic transition to a proof-of-stake consensus mechanism from a proof-of-work that took place on Sept. 15. "The Hash" panel discusses the outlook for the Ethereum community.

17 feb 2023

When U.S. regulators sued Do Kwon and Terraform Labs this week for the spectacular implosion of their UST stablecoin and related LUNA token, a huge question was left unanswered: who was the trading partner that booked $1.28 billion in profits as Terra’s $40 billion ecosystem crumbled? According to CoinDesk sources, it was Jump Crypto, a company whose parent has deep roots in conventional finance that’s become a giant in digital assets. “The Hash” panel discusses the latest developments after the SEC released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs.

17 feb 2023

Binance Holdings, the world’s largest crypto exchange, is considering severing its ties with U.S. business partners as various government agencies and regulators continue to investigate the company, according to a Bloomberg report, citing a persona familiar with the issue. “The Hash” panel discusses the outlook for Binance amid heightened regulatory scrutiny.

17 feb 2023

Bitcoin (BTC) is pulling back slightly after trading above $25,000 earlier in the week. Arca Head of Research Katie Talati discusses the potential catalysts and why the largest cryptocurrency by market capitalization is retreating on Friday.

17 feb 2023

NFT marketplace OpenSea’s dominance in the NFT ecosystem faces a growing challenge from Blur’s rapid ascent. Earlier this week, Blur overtook OpenSea in daily Ethereum trading volume for the first time, according to data from Nansen. Arca Head of Research Katie Talati weighs in on Blur's rapid growth.

17 feb 2023

The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Former CFTC Chairman Timothy Massad reacts to the allegations, adding that the industry often complains about lack of regulatory clarity, but "you just need to have good lawyers that read the law."

17 feb 2023

SEC Chair Gary Gensler is warning other platforms to "take note" of crypto exchange Kraken's move to halt its staking service in the U.S. and cough up a $30 million fine. This comes as Coinbase CEO Brian Armstrong tweeted that his exchange's staking services are not securities and "we will happily defend this in court if needed." Coinbase Chief Policy Officer Faryar Shirzad joins the conversation.

17 feb 2023