News
Reuters reports that Founders Fund, established by Peter Thiel, allocated $200 million in investments equally between Bitcoin and ETH from late summer to early fall last year, at a time when Bitcoin's price was under $30,000. Link
Arkham reports that at 22:23 UTC+8 on February 13th, Grayscale moved 878.2 BTC, valued around $43 million, to Coinbase Prime Deposit and shifted 1,551.8 BTC to a suspected new custody address. Link
The U.S. reported an unadjusted annual CPI rate of 3.1% for January, higher than the anticipated 2.9% and down from the previous 3.4%. Analysts suggest this indicates stronger inflation, making a March rate cut less likely and casting doubt on a May cut. This underscores the Fed's lack of urgency to reduce rates and emphasises the concern over sustained inflation. Link
Forbes' Fintech List includes Chainalysis, Fireblocks and Gauntlet, with the three crypto firms collectively securing $2 billion in funding. Link
Projects
Ripple - Ripple is set to buy PolySign's subsidiary “Standard Custody” subject to regulatory consent. This acquisition will enhance Ripple's regulatory toolkit via Standard Custody's U.S-based trust licences, according to Ripple President Monica Long in a statement to The Block. Link
AVAX - Activated Durango on Fuji testnet. Durango introduces Avalanche Warp Messaging (AWM) to the C-Chain, enabling native cross-chain communication across all EVM Chains within the Avalanche Ecosystem. Link
AAVE - Version 3.0 is live on Scroll. Link
BNB - Sentencing of Binaince Founder CZ has been delayed until the latter half of April. Link
ENS - Manifold Finance has proposed a settlement to ENS Labs regarding the eth.link domain conflict. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.