The Daily: Fed Chair Powell ‘struck’ by crypto debanking prevalence, Unichain goes live on mainnet and more
2025-02-12
Category: None

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Tuesday! It's eerily quiet in the crypto market as participants await a fresh catalyst, giving you the perfect opportunity to catch up on the industry's latest. 
In today's newsletter, Unichain goes live on mainnet, Fed Chair Jerome Powell calls for a 'fresh look' at crypto debanking, Binance and the SEC file a joint motion to halt their legal dispute and more.
Meanwhile, the Trump-supported DeFi project World Liberty Financial partners with Ondo Finance to expand tokenized RWA adoption.
Let's get started.
Uniswap Labs releases Unichain on mainnet
Uniswap Labs, the development team behind the largest Ethereum-based decentralized exchange, Uniswap, has launched its Layer 2 Unichain on mainnet, marking its second major product release in two weeks following Uniswap V4.
Fed Chair Powell 'struck' by crypto debanking
Federal Reserve Chair Jerome Powell said he and his colleagues are "struck" by the increasing prevalence of debanking in the crypto industry, sometimes referred to as "Operation Chokepoint 2.0," and a "fresh look" at the issue was required.
Binance and SEC halt legal dispute for 60 days
Binance and the SEC have filed a joint motion to pause their legal case for 60 days in consideration of the agency's new crypto task force and its impact on the regulatory landscape.
OpenSea refutes 'false' KYC rumors for token airdrop
NFT marketplace OpenSea denied rumors that it would require a KYC identification process for users to participate in a potential token airdrop following outrage from some community members.
CAR memecoin collapses 97% from peak
The Central African Republic's official memecoin, CAR, has collapsed around 97% from its peak less than two days after its launch, dropping from a market cap of $894 million to around $29 million on Tuesday.
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