The Block
Quick Take The former developer of Terraform Labs testified that Terra executives knowingly deceived investors, according to local media.
Quick Take Yellen, who leads the Financial Stability Oversight Council — a group of federal financial regulators tasked with monitoring the stability of the financial system — will go in front of the House Financial Services Committee on Tuesday to discuss the council’s latest annual report. The committee is also likely to talk about SAB 121, an accounting bulletin from the SEC.
Quick Take A judge granted an SEC motion to compel Ripple to produce 2022-2023 financial statements and contracts governing institutional sales of XRP.
Bitcoin’s price has pulled back below the $43,000 mark as market uncertainty builds ahead of a possible sell-off of more Grayscale assets and suggestions the Fed will delay a potential rate cut.There is a notable concentration of call options with a strike price of $50,000 for the Feb. 23 expiry on Deribit.
Quick Take Tether, Solana co-founder Anatoly Yakovenko, CMCC Global and 468 Capital participate in $25-million Series A investment in crypto mobile payment firm Oobit. Oobit wants to make it easier for consumers to purchase goods and services using cryptocurrency.
Quick Take Ethereum Name Service is collaborating with GoDaddy to link domain names to blockchain-based ENS names. The collaboration aims to connect traditional DNS with blockchain names, requiring no extra costs or technical knowledge.
Quick Take Chapter 2, the successor to Solana’s hit crypto phone Saga, reached 60,000 preorders ahead of its tentative 2025 rollout.
Quick Take Former Terraform Labs CFO Han Chang-joon has been extradited from Montenegro to South Korea. Han Chang-joon was handed over to South Korean authorities following a decision by the Balkan country’s Ministry of Justice.
Wider markets are looking to May for the commencement of the Federal Reserve’s anticipated rate-cutting cycle, an analyst said.
Quick Take A judge has ordered Ryder Ripps and Jeremy Cahen to pay nearly $9 million in damages to Yuga Labs in a final judgment that brings the long-running trademark infringement suit to an end. With penalties of only about $1.5 million, most of the sum is attorneys’ fees.
