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Crypto Morning Briefing: Coinbase No Longer Accepts Payments via Silvergate Bank

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Top Stories

Tether Has No Exposure to Sinking Crypto Bank Silvergate, Says CTO

The chief technology officer of Tether has said his company has no exposure to Silvergate, as companies across the crypto industry line up to distance themselves from the troubled bank.

Japanese Popular Manga Captain Tsubasa NFT Sale Starts on March 2, 2023

double jump.tokyo has partnered with TSUBASA Co., Ltd. to launch an NFT project based on the popular Japanese manga “Captain Tsubasa.” The project, called Ball is our Friend Project, will be available for purchase starting March 2, 2023. The project has received global attention since it was announced on February 7, 2023, and has been featured in over 1,000 media outlets in North America, Europe, China, South America, and beyond. Shinji Kagawa, one of the greatest Japanese professional soccer players, supports this project as an ambassador.

Elon Musk and Tesla Accepting Bitcoin 'Opened Door' for Adidas' Web3 Plans

When Elon Musk announced that Tesla would accept Bitcoin as payment for its cars, it proved to be a short-lived initiative. But the EV company's move opened a door for Adidas' plans to use blockchain, said the sportswear company's Web3 lead Erika Wykes-Sneyd.

Binance Resumes Terra Classic Burns, Incinerates 8.8B LUNC

Binance, the world’s largest cryptocurrency exchange by 24-hour trading volume, has burned a whopping amount of Terra Classic tokens (LUNC). According to data from LunaBurnTracker, the leading cryptocurrency exchange sent 8,849,666,174 (8.84 billion) LUNC worth $1,504,266 ($1.5 million) to the official Terra Classic burn wallet.

Coinbase No Longer Accepts Payments via Silvergate Bank

Cryptocurrency exchange Coinbase announced that it had terminated its partnership with Silvergate Bank as its U.S. dollar banking partner, citing the ongoing investigation.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $23,481.49 USD, jumpped by 0.19% in the last 24 hours;

ETH’s live price is $1,647.84 USD, jumpped by 0.48% in the last 24 hours;

BNB’s live price is $300.26 USD, dropped by 0.38% in the last 24 hours;

XRP's live price is $0.38 USD, dropped by 0.62% in the last 24 hours.

Fundraising News

DX25 Raises $750K Seed Funding For Advanced MultiversX-Based DEX

DX25 Labs has raised $750K in seed funding for its upcoming MultiversX-based decentralized exchange (DEX). The DX25 litepaper has been published as the platform prepares to launch its public testnet in Q2 2023.

NFT Finance Protocol Insrt Raises $2.2 Million in SAFT Round

Insrt Labs, the core contributor of the Insrt Finance protocol, raised $2.2 million in a pre-seed funding round.

Animoca Brands Expands Web3 Investment to the Middle East

Hong Kong-based blockchain video gaming unicorn Animoca Brands is planning a major push into the Middle East after the Hong Kong government recently sought closer ties to the region, as the company continues to make big bets on Web3 start-ups amid cooling enthusiasm in the industry.

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