Crypto weekly is co-authored by @serdave

PRICE CHANGE: WTD/YTD

- Crypto Market Cap ($1.9T): +10% / +6%
- BTC ($48,120): +13% / +13%
- ETH ($2,498): +9% / +9%
- SOL ($106): +11% / +4%
- UNI ($6.63): +10% / -9%
- MATIC ($0.83): +7% / -14%
- Tether Mkt Cap ($96B): 0% / +5%
- USDC Mkt Cap ($28B): +3% / +14%
- BTC / ETH Dominance: 50% / 16%

THIS WEEK IN CRYPTO

- A bankruptcy court will hear a motion on Feb 22 about permitting FTX to sell its $1.4 billion stake in AI startup Anthropic. Link. 

- ENS announced a partnership with GoDaddy to link traditional web domains with .eth ENS domains. Link. 

- Ethereum developers set a target date of March 13 for the Dencun upgrade, which includes proto danksharding, a feature that will significantly reduce layer 2 transaction costs. Link. 

- Three people have been charged with orchestrating a SIM swap attack that stole $400 million from FTX in the hours after the exchange declared bankruptcy in November 2022. Link. 

- A UK court will rule on whether Craig Wright’s claim that he is Satoshi Nakamoto is true. Wright, an Australian computer scientist, who has claimed since 2016 that he is the inventor of Bitcoin, has used this assertion to take numerous legal actions against Bitcoin developers. Link. 

- Mobile payment app Oobit raised $25 million in Series A funding led by Tether. Link. 

- The Solana network had a five hour outage this week due to a software bug that triggered an infinite loop in Solana validators. The bug was discovered in April 2022 but a patch was delayed due to a lack of adequate testing. Link. Link.

- Genesis settled a lawsuit with the New York Attorney General alleging the bankrupt crypto lender defrauded customers of its now terminated Gemini Earn program. Genesis struck a similar deal with the SEC last week. Link. 

- A US bankruptcy court judge approved a settlement between crypto lender Blockfi and hedge fund Three Arrows Capital. Both firms declared bankruptcy in 2022, with Three Arrows Capital being one of Blockfi’s largest creditors. The settlement details remain confidential. Link. 

- Polygon released source code for a tier-1 zero knowledge prover, which enables layer 2s to generate ZK rollups without any changes to the EVM source code. Link.

- Prometheum, the only US exchange registered with the SEC, announced its first supported digital asset is Ethereum. The exchange was criticized by many in the industry last year for claiming it is possible for exchanges to register with the SEC. Link.

- Liquid restaking protocol Eigenlayer removed its 200,000 ETH per-protocol staking cap, spurring $750 million inflows. Eigenlayer allows staked ETH to be used to secure other chains and protocols. Link.