China announced a "policy bazooka" on Tuesday, introducing measures to boost its economy, including cuts to mortgage rates, the reserve requirement ratio, and new stock market support tools. The key question: will this stimulus boost crypto or push interest towards cheaper fiat currencies?

Prosecutors seek stricter bail conditions for Binance founder Zhao, citing flight risks due to wealth and connections. Despite legal hurdles, Binance saw a 30% increase in users, potentially boosted by smooth leadership transitions and Zhao's positive reputation.

OPNX shuts down, citing regulatory hurdles and financial penalties. Users urged to settle positions and secure assets before the February 14 deadline.

Su Zhu, co-founder of the collapsed Three Arrows Capital, labels his prison time as "enjoyable" and shifts focus to a cryptic exchange, OPNX, linked to Hong Kong. The unusual prison revelation and OPNX's connection to the regulatory landscape in Hong Kong add a unique twist to Zhu's crypto journey.

Amid bankruptcy proceedings, Singapore's Three Arrows Capital sees founders Su Zhu and Kyle Davies confronting a major setback, with a British Virgin Islands court freezing over a billion dollars in assets.

3AC's other Co-Founder Kyle Davies is still at large, and his whereabouts remain unknown.

Crypto hedge fund founders Zhu and Davies arrested in Singapore for non-cooperation with creditors.

In an intriguing legal development, Su Zhu successfully obtained a restraining order against Arthur Hayes. Either way, both have become figures of controversy within the crypto industry.

OPNX said it is exploring a more transparent market making model, adding its bankruptcy claims trading is not yet live.