Take part in our survey and help us improve Unchained Daily while having a chance to win big! 🤑

By completing this survey, you will automatically enter into a chance to win 8 Premium Tax Plans from CoinTracker, a crypto tax filing solution worth $199.

A little insider tip 🤫 your chances are sky-high since not many people have participated yet!

Share your thoughts and you could be one of the lucky ones to take home the prize! 🎖️

Weigh in with your thoughts!

The U.S Securities and Exchange Commission has launched a probe into crypto exchange Kraken over an alleged violation of securities laws. According to a Feb. 8 report from Bloomberg, people familiar with the matter said the inquiry was in an “advanced stage” and could lead to a settlement in the days to come.

In September, Kraken CEO Dave Ripley said the exchange had no plans to delist any tokens that the SEC has labeled securities, nor does it plan to register with the regulator as a market intermediary.

Retail brokerage Robinhood’s board has approved a plan to buy back Sam Bankman-Fried’s $578 million stake in the company. In its fourth quarter report released on Feb. 8, the firm’s CFO Jason Warnick confirmed the board’s approval of purchasing “most or all” of the 55 million shares that Bankman-Fried had acquired in May 2022.

The controversial shares were seized by the United States Department of Justice on Jan. 9, after a three-way fight between BlockFi, FTX and Bankman-Fried over ownership rights. SBF funded the purchase through a shell corporation called Emergent Fidelity Technologies, by borrowing funds from Alameda Research.

Coinbase CEO Brian Armstrong delivered a grim piece of news to his Twitter followers on Wednesday. “We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers,” said Armstrong in a tweet, adding that it would be a “terrible path for the U.S.”

Shortly after Armstrong’s tweets, Andrew Parish tweeted that Coinbase was asked to wind down its crypto staking service or face fines, without naming any sources. His tweet was discredited by Coinbase’s chief legal officer Paul Grewal, who called the assertions “totally false.”

DeFi lending giant MakerDAO’s community has proposed creating a liquidity market for borrowing and lending crypto assets focused on the DAI stablecoin. The solution, called Spark Protocol, will evolve over time to include new products – the first of which will be a tool called Spark Lend, that will allow users to borrow DAI at the 1% savings rate.

Spark will use Aave v3’s smart contract infrastructure, and in return, Phoenix Labs developer team will send AaveDAO 10% of profits earned in the DAI market over the next two years.

A unique on-chain transaction, reported by Decrypt on Wednesday, shows that a Bitcoin address that dates back to the Satoshi-era moved funds for the first time in 11 years. The address held 412.12 BTC, acquired over four transactions for a total profit of $8. Now, these coins are worth $9.6 million – a 120,000,000%  profit from when they were first bought.

Movements like these are a rare occurrence, according to blockchain analytics firm Glassnode. The analysts noted that dormant coins become increasingly unlikely to be spent after a 155-day holding period.

*All data as of today, 5 am ET