🤝 Harmony partners with Game Space to integrate Web2 games into Web3

👀 Genesis Block HK has over $50 million stuck on FTX

🏦 Itaú, the largest commercial bank in Latin America with $400 billion in assets under management, will start offering cryptocurrency custody.

🕵️‍♂️ The SEC said it has opened administrative proceedings against Wyoming-based CryptoFed. The measure aims to suspend the registration of the offer and sale of Ducat and Locke tokens.
theblock.com

📊 In line with dYdX's transition to Cosmos and the drive towards full decentralization, the next fundamental change for the protocol as it evolves to V4 will involve changes to its governance structure.

To separate internal operations, the dYdX DAO will include several autonomous subsidiaries. Each subDAO will work on the core functionality of the protocol and will be accountable to the dYdX community.

👀 House subcommittee chairman requests documents as part of FTX crash investigation.
coindesk.com

📉 GBTC is now at a 46% discount compared to the price of BTC - a new record.

📊 whalemap: The void between ~16k and 13k is evident in the volume profile chart. So holding 16k is the number one priority for BTC. Otherwise, the price will quickly move between such gaps.

However, BTC is very close to bottoming right now. 16k or 13k, only a 20% difference. We are also below the selling price, and have been below it for quite some time. These are good signs that accumulation is possible for large whales.

~73% of all bitcoins are now dormant in wallets for over a year.

👀 SBF personally received $300 million of the $420 million raised in the 2021 FTX funding round, according to the WSJ.

📝 Algofi roadmap update: decentralization, program management, grants, marketing, etc.
algofi.org

👀📅 Developments for tomorrow and digest

👀 Binance had "at least an evil intent" in the withdrawn FTX proposal: Senator Ted Cruz #Regulation #Politics #ultra
theblock.com

👀 Last year, SBF cashed out $300 million from a $420 million FTX funding round. wsj.com

👀 Tess Rinerson, head of encryption at Twitter, resigns bloomberg.com

👀 Due to the ongoing bear market, encrypted lending platform Unchained Capital has laid off about 15% of its staff. coindesk.com

👀 US House of Representatives Subcommittee Chair Asked FTX to Provide Documents Related to Bankruptcy Investigation coindesk.com

👀 Bank of America Downgrades Coinbase to Neutral coindesk.com

👀 Cardano to Launch Midnight Privacy Sidechain and Privacy Dust Token coindesk.com

👀 Several Wall Street institutions are looking to purchase FTX customer requirements at a discount. nytimes.com

👀 Shades of Grey: For security reasons, on-chain wallet information will not be revealed when a reserve is confirmed. twitter.com

👀 Paul Weiss law firm stopped representing SBF due to conflict of interest