The Block

Quick Take Lawmakers asked Secretary Yellen about coordination between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Quick Take The 247-page rule adopted on Tuesday will apply to people transacting in crypto assets that meet the definition of securities or government securities, with the exception of having assets less than $50 million.

The token for Bittensor, the network geared toward incentivizing the development of open-source artificial intelligence, eclipsed a market capitalization of $3 billion.$TAO has risen by more than 90% in two weeks.Developers who use Bittensor, the protocol developed by the Opentensor Foundation, are rewarded with the $TAO token when they create AI models that are deemed useful.

Bitcoin’s price rebounded above $43,000 on Tuesday, posting an increase of almost 2% in the past 24 hours.

Quick Take The Federal Reserve said its enforcement action against Farmington Bank last year “ensured the bank’s operations would wind down in a manner that protected the bank’s depositors.”

Quick Take Reflexer Finance’s stablecoin protocol HAI will have an airdrop on Feb. 12. Over 18,000 qualified participants will receive 22.3% of HAI’s governance token KITE.

Quick Take Layer 2 startup LightLink secured $4.5 million of seed funding in a round led by Thai media company T&B Media Global and real estate developer MQDC. LightLink’s technology will support a “multiverse project that blends the virtual and physical worlds.”

Quick Take The Layer 1 network Solana restarted after five hours of going dark.

Quick Take Glif has raised $4.5 million in a seed funding round led by Multicoin Capital. The largest Filecoin protocol is also set to offer reward points ahead of its token launch.

Quick Take The move aims to reduce friction for users purchasing cryptocurrency using Robinhood’s order engine.