CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• Wormhole a cross-blockchain bridge has been hacked for over $325 million on Wednesday.

• Joshua Jarrett sued the IRS for a refund on the taxes he paid for the block reward he earned in 2019 from unsold Tezos staking rewards.

• Hearings on stablecoins before both the House and Senate due in two weeks will feature one witness Nellie Liang, the Treasury’s undersecretary for domestic finance who spearheaded the report stablecoin report will appear on February 15th according to people with knowledge of the hearings.

• Chainalysis has announced that it has acquired Abaxx, a data integration, financial intelligence, and domestic and international affairs firm.

• GameStop is partnering with Immutable X to launch an NFT marketplace.

• A ChainAnylsis report which studies 262 addresses associated with NFT wash trading, found that 59% of NFT wash traders have been unprofitable, but the successful NFT wash traders studied have profited over $8.8 million.

• Kraken announced its implementation of next-generation auditing standards that are designed to let clients prove their bitcoin and ether balances are backed by real assets held in their custody.

• The Crypto Carbon Ratings Institute (CCRI), released a report calculating the electricity consumption and carbon footprint of 6 (Cardano, Solana, Polkadot, Avalanche, Algorand and Tezos) PoS blockchains.

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