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Crypto Morning Briefing: BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert; Bitget Partners With Capitual To Participate in Brazil CBDC Project

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BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion.

Silvergate, Coinbase Extend Losses As Regulatory Specter Hangs Over Crypto

It's been a mixed bag today for crypto-related equities as U.S. regulators continued a clampdown that has hit both staking and stablecoins.

Bitget Partners With Capitual To Participate in Brazil CBDC Project

Crypto exchange Bitget (BGB) announced its partnership with the fintech company Capitual to participate in Brazil’s Central Bank Digital Currency (CBDC) project.

DigiDaigaku NFTs' Price Rises After $6.5M Super Bowl Ad

While Sunday night’s Super Bowl did not air any cryptocurrency advertisements, one non-fungible token (NFT) collection did shell out for one of the expensive commercial spots – and is seeing a pump on the secondary market.

Crypto Custody Service Bakkt Discontinues Consumer App as Regular Crackdown Intensifies

Bakkt, a crypto custody service that includes an app where consumers can view and transact with assets, has announced the closure of its consumer-facing app as regulatory scrutiny increases.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $21,623.97 USD, dropped by 0.68% in the last 24 hours;

ETH’s live price is $1,486.49 USD, dropped by 1.77% in the last 24 hours;

BNB’s live price is $290.45 USD, dropped by 8.05% in the last 24 hours;

BUSD’s live price is $0.99 USD, dropped by 0.04% in the last 24 hours;

XRP's live price is $0.37 USD, dropped by 1.37% in the last 24 hours.

Fundraising News

Sequoia, Dragonfly Back Web3 Startup Caldera in $9M Rounds

Caldera, which provides infrastructure for Web3 applications, has raised $9 million across two funding rounds led by traditional finance giant Sequoia Capital and crypto-native firm Dragonfly.

Empires Not Vampires Raises $1 Million To Build New Multiplayer Blockchain Game

Finland-based, indie games studio, Empires Not Vampires, has raised $1million to develop its latest game, Paradise Tycoon, a social building and crafting, multiplayer game, built on blockchain technology.

Get the latest news here: Cointime channel—https://t.me/cointime_en

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