SBF Posted Up in Jail 📸

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Your mid-week update is here! And guess what it includes: The latest photo of SBF in jail 😬 PLUS: Ripple has been accused in token manipulation; Do Kwon to be extradited to the U.S.; Spot Bitcoin ETFs are seeing a major inflow (14x in some cases); A $150M VC Fund; and much more. Keep on Scrolling 🖤

• Ripple CTO denies accusations of XRP token price manipulation and explains price drivers (CDLY)

• Do Kwon to officially be extradited to the United States (WG)

• VanEck sees 14x daily trading volume for Spot Bitcoin ETF on February 20th (WG)

• WorldCoin passes 1M daily users (TD)

• Crypto funds hit $2.5B weekly inflow record amid ETF growth (TB)

• San Francisco Art Gallery opens location for Bitcoin Ordinals (TD)

• A new photo of FTX founder Sam Bankman-Fried in prison has gone viral

• Hack VC raises $150M Fund II to invest in “capital-efficient“ DeFi, smart contracts, infrastructure, and AI (CT)

• Y Combinator looks to invest in stablecoin finance (M)

• AltLayer secures $14.4M strategic round co-led by Polychain and Hack VC (M)

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• UK to release updated crypto regulation and stablecoin laws in next 6 months (CT)

• HKMA, the Honk Kong Central Bank, wants institutions offering crypto custodial services to follow risk assessment and guidelines (CD)

• Japan allows for VCs to invest in web3 crypto tokens (LI)

• South Korea’s opposing parties to look into lifting Bitcoin ETF ban (BitcoinMagazine)

• Turkey is preparing a crypto regulatory package for the industry to protect user data (CD)

• Coin mixer FixedFloat suffers $26M exploit (@FixedFloat)

• Deep dive on the FixedFloat exploit (ACB)

• Crypto money laundering plummets as transactions fall (P)

• MetaMask boosts security with alerts (CT)

• Ethereum hits $3K for first time since April 2022 (D)

• 10 Autoglyph NFTs sold for 5,000 ETH earlier this week ($14.5M) (@thedropnft)

• Sotheby’s Auction House to auction Ether Rock NFTs today for $500k+ (@nateobrienn)

• Fidelity denotes Ethereum in supply comparison vs. Bitcoin (@BitcoinNewsCom)

• Ethereum to use AI to help find bugs in code (M)

• Spotty week for crypto market as ETH plows ahead

• Cathie Wood’s Ark Invest unloads $90M worth of Coinbase shares (M)

• Aave to launch $5M quarterly incentive program (TD)

• Mastercard is working with Swoo Pay to offer cryptocurrency loyalty program (CD)

• Cardano is home to 74% of all deadcoins from crypto winter (CCN)

• StarkNet loses half its value following STRK airdrop (DT)

• Bitcoin whales remove $1B of Bitcoin from Coinbase into multiple wallets (@BitcoinNewsCom)

• Boris Johnson, a UK Prime Minister, included Bitcoin in his ask to interview with Tucker Carlson

• Ethereum vs Bitcoin fundamental supply outlook (CD)

• How Bitcoin Layer 2 networks function (AB)

• Investing in crypto for retirement (CB)

• Tax Season: A beginner's guide to crypto taxes (FID)

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