The Block
Quick Take The ruling party said it intends to postpone crypto tax for two more years and prioritize setting regulatory grounds for the local crypto space ahead of taxing investors.
Quick Take Unusual transaction activity suggests crypto exchange FixedFloat was exploited across multiple blockchains. The exchange remains down for maintenance.
On Feb. 16, OpenAI launched text-to-video AI model Sora.The price of the worldcoin token has rallied over the last week, setting a new all-time high.
Quick Take: The cheapest available Pudgy Penguin NFT was higher than the cheapest available Bored Ape for a short while. This is the first time Pudgy Penguins have overtaken Bored Apes in floor price.
Quick Take: With 115 billion points handed out, it’s no surprise that traders have worked out a way to speculate on them. Yet, crypto projects don’t make it obvious how many points are in circulation — and some simply won’t say.
Quick Take FTX creditors filed a class action against the law firm overseeing the exchange’s bankruptcy proceedings, alleging that it was involved in the FTX fraud. Senators, FTX creditors and the exchange’s former CEO have previously raised concerns that the law firm was too closely involved with FTX to count as an impartial firm.
Quick Take Bankrupt lender Celsius has distributed $2 billion worth of crypto to creditors, including over 20,000 BTC and 301,000 ETH, the firm said in a court filing.
Quick Take Bored Ape Yacht Club creator Yuga Labs announced it has acquired Proof, which created the Moonbirds non-fungible token collection. Yuga Labs said it will fold Moonbirds into its gamefied, metaverse play dubbed Otherside.
Bitcoin could find support from increased institutional ETF attention over the coming months, according to a Coinbase report.
Quick Take Bitcoin mining difficulty reached 81.73 trillion on Feb. 16. That figure could reach 100 trillion before the next bitcoin halving in late April.
