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

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

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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