Ryan Taylor - This Morning On Chain

Kwon is currently detained by Montenegrin officials

Terraform Labs Founder Do Kwon Arrested in Montenegro

Terraform Labs founder and former billionaire Do Kwon was arrested in Montenegro, according to local officials.

MakerDAO Votes to Double Down on US Treasuries

MakerDAO, the decentralized organization behind the Maker protocol and its DAI stablecoin, voted to more than double its US Treasury holdings.

Shaq demonstrates the athleticism that makes him so hard to sue

Disgruntled FTX Customer Finds Shaq Hard to Sue

For at least the last month, Shaquille O'Neal has allegedly been evading lawyers trying to serve him FTX lawsuit papers.

DeFi

USDC Depegs as Silicon Valley Bank Contagion Spreads

Stablecoin USDC de-pegged after Circle admitted at least $3.3B of USDC's reserves are stuck in the insolvent Silicon Valley Bank.

DeFi

CEX Services Bank Silvergate Suspends Crypto Services

Crypto services bank Silvergate announced that it's discontinuing its digital assets payment network, claiming the termination is a “risk-based decision.”

DeFi

Binance Targets Institutional Clients for Singapore Permit

Binance is reportedly making another attempt to get a crypto permit in Singapore, this time targeting institutional clients.

Solana devs fixing the network over the weekend

DeFi

Solana Network Slowed by New Software Bug

Last night, Solana network infrastructure operators encountered a software issue that almost froze all on-chain activity on the network.

Blur and OpenSea have been at it since Blur's airdrop

NFT

Blur's Trading Volume Overtakes OpenSea After Airdrop

NFT marketplace Blur has overtaken industry giant OpenSea in trading volume following its BLUR token airdop and a price war.

DeFi

Hong Kong Will Lift Ban on Retail Crypto Trading

The Hong Kong Securities and Futures Commission (SFC) is set to lift the ban on retail investors trading cryptocurrencies.

DeFi

German Multinational Siemens Issues On-Chain Digital Bond

Siemens became one of the first German companies to issue a digital bond on a public blockchain.

DeFi

SEC Charges Terra Founder Do Kwon with Securities Fraud

The SEC charged Terraform Labs and CEO Do Kwon with fraud, claiming that they executed a "crypto asset securities fraud."

DeFi

Swiss Firm Launches Token Pegged to BlackRock's CSPX ETF

Backed Finance launched bCSPX, a tokenized version of BlackRock's CSPX ETF that includes major US companies like Apple, Amazon, and Microsoft.

Milena Mayorga, Ambassador of El Salvador to the United States of America

Bitcoin (BTC)

El Salvador Plans to Open a Bitcoin Embassy in Houston

El Salvador’s plans to open a "Bitcoin Embassy" in Houston that will facilitate remittances in Bitcoin.

NFT

Bored Ape Owner Burns NFT on Ethereum, Moves It to Bitcoin

Bitcoin added NFT support, and now it has a Bored Ape on the network after Bored Ape #1626 was burned on Ethereum and transferred it to Bitcoin.

DeFi

Binance Outflows Top $800M in a Day on Bad BUSD News

Binance saw over $800M in net outflows over the last 24 hours following US regulatory action against stablecoin issuer Paxos for minting BUSD.

Circle tapped into its inner 6ix9ine and dropped the dime

DeFi

Stablecoin Wars: Circle Snitches on BUSD Issuer Paxos

The SEC and the NYDFS are coming after Paxos after Circle allegedly snitched to the regulators.

DeFi

MakerDAO Announces Spark Protocol, Its Aave Competitor

DeFi giant MakerDAO announced it will launch a new lending protocol called Spark Protocol, which aims to compete with Aave.

OP token stays optimistic through its second airdrop

DeFi

Optimism Airdrops $30M in OP Tokens, Loses $148M in Market Cap

Optimism airdropped $30M in OP tokens to 300k addresses. The market did not react well to the airdrop, and the OP token lost $148M in market cap.

DeFi

Kraken Will Stop Offering Staking Services & Pay $30M Fine

Centralized exchange Kraken agreed to stop offering staking services and pay a $30M fine in a closed door meeting with the SEC.

DeFi

The Crypto Subreddit is Selling Banner Space for MOONs

Reddit's largest crypto subreddit rented banner space to DeFi wallet and DEX company 1inch for 27k MOONs.

DeFi

Crypto Bridge Wars Heat Up as UniSwap Searches for Provider

Nomad founder James Prestwich accused cross-chain crypto bridge protocol LayerZero of building and using a backdoor.

DeFi

DeFi Lending Platform Aave's GHO Stablecoin Is Coming Soon

DeFi lending platform Aave announced its new stablecoin, called GHO, is coming “in weeks.”

NFT

Doodles 2 to Launch on KYC'd NFT Blockchain Flow

Doodles 2, the new mainstream Doodles collection, will launch on Dapper Labs' Flow blockchain on January 31.

NFT

$3k Floor Price for ~2 Weeks of Access to the Bored Ape Arcade Game

Bored Ape's parent company, Yuga Labs, released a simple arcade game, and access for two weeks of gameplay is selling for more than $3k.

DeFi

1inch Is Making Its Own Touchscreen Hardware Wallet

DEX aggregator and crypto wallet company 1inch announced it will be selling its own hardware wallet later this year.