Business
Crypto investment firm Multicoin Capital is reportedly in talks to sell its $100 million FTX bankruptcy claim. Multicoin had 10% of its funds stuck on the crypto exchange when it collapsed and significant exposure to FTT, SOL and SRM.
The Optimism-based social protocol launched the Frames app on Jan. 26 to let users turn posts into interactive applications.
The bankrupt crypto exchange could repay creditors and customers from the proceeds obtained by selling the 8% stake.
DeFi
Chainlink’s native cryptocurrency has returned to a price level not seen since Jan. 2022 and now has a market cap exceeding $11.2 billion.
Binance said that its security team had determined there was no leak from the crypto exchange’s systems after claims that its users’ KYC data was being sold on the dark web.
Bankrupt crypto lender Genesis is seeking the court’s approval to sell $1.6 billion in trust assets, of which nearly $1.4 billion are shares in GBTC.
Ethereum
For 41 ETH, or $94,000, hundreds of players like me are enduring 10 daily challenges, tribalism and “Survivor”-style elimination voting.
Regulation
The joint resolution is focused on repealing SAB 121, which has drawn significant criticism from the crypto industry.
Crypto is taking a backseat to concerns about social media and AI, and the crypto lobby is using the opportunity to focus on pending legislation around market structure, stablecoins, and illicit finance.
The DOJ has charged three co-conspirators with orchestrating a SIM-swap attack to drain $400 million from what appears to be crypto exchange FTX as it collapsed into bankruptcy.
