Rekt

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In the last 24 hours, we saw over $1.89 billion in longs being liquidated as the price of Bitcoin and Ethereum dropped sharply. The biggest hurt was traders in DeFi positions: AAVE, CRV, UNI, 1INCH, BAL, COMP… all the big names were there.

Currently, the future looks unclear, was this the last shakeout towards 50k, or will February see a bigger retrace. So the only question is: did you buy the dip? Let us know!


Crypto News

  • Bitcoin: Morgan Stanley, the banking giant, is exploring if its investment management products should offer cryptocurrency as an asset for its clients. Notably, Counterpoint Global is thought to manage $150 billion in assets.
  • Elrond: Announced two partnerships with Arcstake and Disrdigital, both are aimed at making it easier for token holders to operate nodes and delegate EGLD to validators. This should increase participation in consensus which makes the network more secure.
  • SingularityNET: The project started the second phase of its planned migration from Ethereum to Cardano. It’s looking like AGI will be one of the first major tokens on Cardano, find our fill review on SingularityNET here. 

DeFi News


NFT Spotlight

Be sure to check the listing to view the digital crypto artwork in its full glory, as some art is animated or contains audio.



T-ERROR

The first of the Cyber Heads.


NFT News

  • SOTA: The team announced its token sale will happen via TrustSwap launchpad on February 18th. This project is a multi-chain NFT marketplace, already active on Binance Smart Chain.
  • pNetwork: Announced their portal that allows NFTs to be transferred across ETH and EOS is live. Bullish news for PNT token holders.
  • OpenSea: The biggest decentralized NFT marketplace announced they’re planning to support Tezos. Meaning users will be able to mint and trade Tezos based NFTs on the platform. Read our full review on OpenSea here.
  • PolkaPets: Announced their next sale featuring Phala Network, Darwinia Network, Bridge Mutual, and Bondly Finance pets will start on Wednesday 17th. Don’t miss out!