Nigeria v. Binance

🇳🇬 Nigeria's $10 Billion Claim Against Binance

Significant Financial Demand: Nigeria's government has accused Binance of profiting from illegal activities and demands $10 billion in damages, a substantial claim affecting the cryptocurrency exchange's operations.

Regulatory Scrutiny Intensifies: The Nigerian authorities are intensifying their scrutiny of Binance. This includes the detention of company executives and an investigation into the exchange's business practices, signaling a serious regulatory challenge for Binance in Nigeria.

Binance's Response and Actions: In response to these developments, Binance has removed the Nigerian naira from its peer-to-peer service. This decision highlights the escalating tension between the cryptocurrency exchange and Nigerian regulators. Read More.

️ On today's Top Picks:

  1. 🤝 Robinhood teams up with Arbitrum.
  2. ⚖️ Elon Musk sues OpenAI & Sam Altman .
  3. 👾 New phishing kit targets cryptocurrency.
  4. 🔓 Sui ~$55M token unlock on March 2nd.

Read time: ⏰ 7 minutes

Crypto News

• ⭐️ Nigerian government demands $10B from Binance claiming it profited from illegal transactions at the country’s expense.

Morgan Stanley $MS considers offering spot Bitcoin $BTC ETF.

BlackRock spot Bitcoin ETF $IBIT now holds $10B worth of Bitcoin $BTC.

• ⭐️ Robinhood $HOOD teams up with Arbitrum $ARB to offer access to swaps on Arbitrum L2.

US State Attorneys argue SEC overstepped its bounds in Kraken lawsuit.

SEC raises objections to Terraform's $166M retainer payment to Dentons law firm.

Gemini agrees to return more than $1B to customers and pay $37M fine.

Coinbase to migrate half of Ethereum $ validators to Nethermind.


Blast Mainnet is live by Earndrop.

Blast Mainnet Intract Quest by Earndrop.

Morpho Blue now supports Renzo $ezETH.

Bebop launches Hop on Blast with Bebop Achievement.

Ambient Finance launches of Ambient Points Season 1.

RedStone Oracles posts, "season one loading ▓▓▓▓▓▓▓▓▓▓▓░ 95%" on X.

Rabby Wallet iOS now live on the Apple App Store.

Blur posts, "Time for something new. April." on X with blurry image attached.

Zora adds support for Blast and releases free BLORB NFT.

Proof of Play Apex Chain now live with Pirate Nation.


Aark announces MOON FESTIVAL airdrop campaign.

Fluence announces $FLT developer airdrop for contributions to open source Web3.

SynFutures posts, "...we’re on the path to a token launch." on X.

Finance News

• ⭐️ Elon Musk sues OpenAI & CEO Sam Altman for alleged breach of contract.

Vanguard CEO Tim Buckley set to retire at the end of 2024.

Snowflake $SNOW shares plunge ~17% amid CEO retirement.

Electronic Arts $EA to lay off ~670 (5%) employees citing the sunsetting of games.

Security and Exploits

SlowMist Monthly Security Report highlights ~$404M in estimated losses.

• ⭐️ New Phishing Kit targets cryptocurrency users with similar tactics to Scattered Spider group.

Revoke Cash adds support for Blast Mainnet.

US President Biden issues executive order that prohibits transfer of US citizens' data to countries of concern.

Token Unlocks

⭐️ • Sui $SUI / 34.62M / ~$55M / MAR 02


Binance Labs announces MVB Season 7 cohort.

Morpho Labs, an Ethereum lending protocol; raises an undisclosed amount in funding from Pantera Capital.

Cetus Protocol, a Move-based DEX & concentrated liquidity protocol; raises an undisclosed amount in Strategic funding from the Sui Foundation.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

Curve DEX logoCurve DEX (Ethereum)SDAISUSDE181.44%
Aerodrome logoAerodrome (Base)DOLAUSDC172.02%
Uniswap V3 logoUniswap V3 (Ethereum)USDEUSDT94.70%
Turbos logoTurbos (Sui)USDTUSDC54.75%
Notional V3 logoNotional V3 (Arbitrum)NDAI53.97%
Abracadabra logoAbracadabra (Arbitrum)MIMUSDCUSDT44.55%
Umami Finance logoUmami Finance (Arbitrum)GMUSDC39.38%
Jones DAO logoJones DAO (Arbitrum)JUSDC35.56%
. . .

Unlock farming potential with Opal!

Tired of navigating the complex world of yield farming? Opal streamlines this process for you. Deposit your ETH derivatives to delegate liquidity management burdens and auto-farm high APRs on multi level incentive structures.

With Opal, your assets are automatically rebalanced to ensure they're always in the most profitable farms available in Balancer and Aura Finance.

Ready to get a portion of the $GEM airdrop? 💎

Opal is airdropping 10% of the $GEM supply to active community members and power users of the protocol. Criteria include Zealy points, TVL share and Governance activity.

🟣 Join Opal's Discord Server to get started →

. . .

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

Join the conversation

or to participate.