The Block
Bitcoin’s rise above $51,000 caused the liquidation of almost $70 million in short positions.In the past 24 hours, over $130 million in total cryptocurrency short positions were liquidated on centralized exchanges.
Quick Take The Starknet Foundation revealed a distribution plan for its native token — with nearly 1.3 million wallets eligible for rewards. This includes early users of ecosystem dapps, network contributors, Ethereum builders and open-source developers from outside web3.
Quick Take The country’s financial authorities are looking to develop a new system that would immediately suspend illicit transactions.
Quick Take Treasury’s Brian Nelson will tell the House Financial Services Committee that the agency has authority to hold firms, such as Binance, accountable. He’ll also say that more authorities are needed.
Quick Take Aptos Labs has introduced a passwordless passkey authentication method for signing transactions on its Layer 1 blockchain network. Passkeys are more user-friendly and mirror the ease of use found in services like Apple Pay or Google Pay, said Aptos CTO Avery Ching.
Quick Take Decentralized finance firm Sushi will launch a decentralized derivatives exchange called Susa on Layer N. Susa aims to use Layer N’s fast processing speed to rival centralized exchanges. Layer N is expected to go live sometime this month.
Bitcoin call options ahead of February’s end-of-month expiry are concentrating at strike prices above the $50,000 mark, according to Deribit data.The price of bitcoin fell below the $49,000 mark over the past 24 hours, according to The Block’s Price Page.
Quick Take Crypto gaming and NFT platform PlayDapp was exploited on Feb. 9 and again on Feb. 12. The hacker minted 1.79 billion PLA tokens worth over $290 million through the exploits and began laundering the funds.
Quick Take ENS Labs received an offer from Manifold Finance to settle the eth.link domain dispute. A vote on reimbursing ENS Labs’ legal fees, totaling $750,000, from DAO funds is proposed.
Quick Take Ripple will acquire the PolySign subsidiary Standard Custody in a deal that’s pending regulatory approval. Standard Custody will bolster Ripple’s portfolio of regulatory tools through its U.S.-based trust licenses, Ripple President Monica Long told The Block.
