Crypto Crosses $1 Trillion Again

Web3, Defi, & All Things Crypto In One Scroll

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Halfway through the week, Scrollers! We appreciate all the love and support as we continue to build and grow in the new year and are excited to have you along for the journey. Make sure to share the newsletter with all of your crypto/Web3 friends, and give us a follow on Twitter (@thecryptoscroll) where lots more content and breaking news updates can be found! 

  • Crypto market crosses $1T for the first time in months (Forbes)

  • Silvergate Capital announces a $1B loss in Q4 '22 (FC)

  • 196 Congress members received funding from FTX executives (CD)

  • Shiba Inu Devs reveal a look at Layer 2 blockchain Shibarium (CD)

  • Ondo is planning to tokenize treasuries and bonds (Ondo)

  • Binance is looking to hire amongst rivalry job slashes (CNBC)

  • Web3 startups funding plummets to 74% in Q4 (CB)

  • Hashkey Capital closes third fund at $500M (TheBlock)

  • 3AC founders raising $25M to build new cyrpto exchange GTX (WG)

  • Framework Ventures leads Pafrin's $15M raise for web3 rails (TB)

  • Blockchain-enabled luxury marketplace platform Syky secures $9.5M from 776 Ventures, Polygon Ventures, and additional notable Web3 investors (FINS)

  • Diva closes $3.5M seed round for staking protocol (TheBlock)

  • A16Z participates in Carry1st's $27M round for Web3 gaming in Africa (CT)

  • Stablecoin regulation is top priority for congress (BW)

  • Binance receives regulatory clearance to offer crypto exchange services in Poland (@thecryptoscroll)

  • Avraham Eisenberg charged with fraud by CFTC (Decrypt)

  • European Union postpones MiCA vote to April (CD)

  • Congress create first digital assets subcommittee (Bitcoin)

  • Crypto custodians are required to hold contingency plans by the Thai SEC (CT)

  • $41K of ETH from North Korean hacking group gets moved (CD)

  • NFT influencer wallet drained through Google-Ads (CT)

  • Over 800 victims will receive over $17M for losses to Bitconnect ponzi (Justice.gov)

  • NFT influencer @NFT_GOD loses nearly entire networth to malware delivered through Google-Ads (CT)

  • Why ETH bulls are turning to liquid staking derrivatives (LSDs) (Decrypt)

  • ETH hits 500,00 validators before Shanghai upgrade (Decrypt)

  • Yuga Labs launch dookey dash, skill-based NFT game (TD)

  • Ethereum network activity happens less on Ethereum and more on side-chains and layer-2 protocols (L2B)

  • Binance is allowing investors to keep collateral off their exchange (CD)

  • Vice Prime Minister of Ukraine says he wants to make Ukraine a leading jurisdiction for crypto (WG)

  • Saudi Arabia willing to utilize other currencies, including crypto, in trade settlements (WGURU)

  • Polygon did a hard-fork (Polygon)

  • McDonalds partners with NFT artist Karen X Cheng for a Chinese New Year metaverse experience (prnewswire)

  • Filecoin to test IPFS-based communication in space (TB)

  • How Microsoft is leveraging Blockchain (Anchor)

  • App-chains could be the leading scalable solution for DApps (CT)

  • Creator of MetaMask, ConsenSys, laying off 100+ workers - 11% of total headcount (CN)

  • Tech joins crypto in a "winter" as planning for a recession is leading to thousands of job cuts (BBG)

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