FTX Execs Go Silent

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Happy Tuesday Scroll family! Let us know on Twitter (@TheCryptoScroll) your favorite crypto & web3 news from this weekend and whether or not crypto is actually pumping 👀 Jim Cramer says no, so we say yes!

• Alameda CEO and FTX Co-Founder Caroline Ellison and Gary Wang are no longer cooperating in the FTX investigation (UW)

• President Biden warns about cryptocurrency and ties to the financial system (NW) (@WatcherGuru)

• Matrixport cuts 10% of staff, leaving about 250 employees (CD)

• Coinbase fined $3.6M for Netherlands activity (CT)

• Former Tinder Chief Product Officer joins web3 gaming studio (BZ)

• Bitcoin jumps 11% this week (DT)

• Layer 1 network, Injective, launches $150M fund to develop applications, mostly within Injective and Cosmos (BZ)

• Web3 DeFi infrastructure startup Aligned exits 'Stealth' with $34M funding round (BCR)

• Spatial Labs secures $10M from Blockchain Capital, Jay-Z, and other top investors to support Ghanian founder (TIAF)

• Nigeria leads the world in internet searches for "Buy Bitcoin" after Central Bank of Nigeria limits daily withdrawals to $44 (@BitcoinMagazine)

• Biden Administration is looking to implement legal framework around crypto in 2023 (WGURU)

• New York Assembly announces bill to allow for cryptocurrency payments for fines, taxes, and more (CT)

• Tornado Cash sanctions are cutting deep into government efforts (PCO)

• SEC is probing multiple Registered Investment Advisory companies regarding crypto custody processes (REUT)

• DOJ and FBI hack Hive network to retrieve $130M (FKST)

• Azuki Twitter account was hacked along with a single wallet drained of $751k of USDC (CT)

• Banks seeing friction with crypto adoption because of rising hacks (FNL)

More on the Azuki hack:

• The United States' roadmap for crypto after Ethereum and other leaders have $2T selloff (F)

• Surveys report investors are more bullish on Ethereum than any other crypto (SA)

• The few factors that could lead to Bitcoin and Ethereum's best successes yet (CN)

• Aave crypto lending platoform launches v3 on Ethereum after testing on multiple networks (CT)

• Polygon sees 8% jump ahead of new network update with zkEVM (DT)

• FTX debtors include Apple, Netflix, Coinbase, and many more according to filings (WGURU)

• Google Cloud and Coinbase partnership for crypto payments and the progress for adoption (CNBC)

• U.S. Senate bill introduced to allow for cryptocurrency payments in restaurants and vending machines on Capitol Hill (CNF)

• Companies need to start learning these valuable lessons on security in crypto and web3 before it's too late (BLT)

• Web3 is just getting started, but Web4 could be here in just a few years (SEC.io)

• Bitcoin hash rates hit all-time highs on Friday (@BitcoinMagazine)

• Jim Cramer believes no investor should touch Bitcoin right now as there is 'price manipulation' (@WatcherGuru)

• Official statement on the Azuki Twitter & wallet hack (@AzukiOfficial)

BTC HODLers last week

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