FTX Might Come Back

Welcome to the Crypto Scroll. Get caught up on all web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to. Powered by The Drop. 

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• Genesis Capital prepares for bankruptcy filing (Axios)

• FTX new CEO is working towards reopening the cryptocurrency exchange (WSJ)

• Ripple (XRP) CEO believes a final ruling on the legal dispute between the crypto firm and SEC will come in 2023 (CNBC)

• Bitzlato founder arrested due to processing of $700M in illicit funds & laundering schemes

• Startup founders are straying away from token launches as a capital raising strategy as crypto winter worsens (BI)

• CV VC gives proof that Crypto Valley is the most mature blockchain ecosystem in the world and is rapidly growing (CT)

• Draper Venture Network launches decentralized syndicate vehicle for venture investors interested in Web3 (YF)

• DealBox's venture arm is looking to invest $125 million into web3 startups (TC)

• KreditBee reaches $680M valuation after new round of funding (TC)

• Bain Capital Crypto and Paradigm back ZK proof hardware startup Ulvetanna with $15 million (CMC)

• Ukraine has received over $100M in cryptocurrency donations leading to discussion of international stablecoin regulation (@CoinDesk)

• U.S. Government releases two crypto-related tools after multiple exchange meltdowns (WP)

• Indonesia is bullish on crypto and blockchain utilization after Chainalysis-partner event (YF)

• The European Union's crypto regulations may not matter at all (CD)

• Bank of America claims CBDCs are the future of money and payments (CD)

• 1 in 3 Congress members got cash from FTX exchange (CD)

• FTX states $415M of crypto was hacked from the exchange in their recovery efforts (CNBC)

• Ransomware variants are increasing in number, but hacker payouts are decreasing in size (YF)

• The infamous North Korean hacking group Lazarus moved 41,000 ETH valued at $64 million through exchanges and wallets this weekend (CP)

• Donald Trump's NFT collection surges 133% after rumors of the former president returning to multiple social media platforms (CS)

• Layer2 Optimism increase in transactional activity (CD)

• Masa Finance launches soulbound web3 identity protocol for ETH (CT)

• EY and Polygon are gearing up for privacy-focused updates this year (CD)

• ETH dev firm Flashbots seeks to raise $50M (CD)

• Founders Fund, backed by billionaire Peter Thiel, dumps entire $1.8B crypto holdings - its first Bitcoin investment was in 2014 (BiC)

• Moonpay acquires Web3 creative agency Nightshift, to offer additional services (NFTN)

• Crypto media company CoinDesk looking to bankers for potential partial or full sale amidst DCG fiasco (WSJ)

• DeFi protocol Thena hist $90M in TVL in first week (CD)

• Bitcoin Miner group CleanSpark builds 50 MegaWatt infrastructure to increase computing power (CD)

• SEC accidentally exposed personal data of crypto startup Green (PROT)

• Crypto Valley VC released their report at Davos that analyzes and highlights the top 50 blockchain projects (CVVC)

• Crypto miners are loud, annoying, and take tons of precautionary actions (CNN)

• A look at what Iran and Russia's new stablecoin backed by gold (CT)

• How cross-chain messaging could blow open interoperability (TD)

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