What Happened on Jan. 4th｜SBF Pleads Not Guilty to Criminal Charges

DeFi

• Liquid staking protocol Tortuga Finance will expand to Sui.
• zkSync-based lending protocol Nexon Finance integrates with Orbiter Finance.
• Polygon streaming app SAVAGE announces partnership with Samsung.
• Web3 social protocol Inspect will shut down on January 17th.
• Optimism's third season of the Governance Fund Grants will begin on January 26th.

CeFi

• SBF pleads not guilty to criminal charges.
• Bitcoin miner Core Scientific will shut down Celsius' 37,000 crypto mining machines.
• MEXC launches $20 million ecosystem fund to support development of key projects on Sei Network.
• Binance will cease support for deposits and withdrawals of $MAGIC via the Ethereum network.
• Binance will burn 50 million $DAI that are not being used.
• Binance will remove 14 spot trading pairs including $ALPHA/$BNB.
• Indonesia plans to launch a national crypto exchange in the coming year.

Metaverse & NFTs

• NFT platform Virtualness has entered into an NFT distribution agreement with the PBA.
• YouTube journalist: Logan Paul's NFT game Crypto Zoo is a scam.
• NFT project Goobers's founder admits to gambling away user funds.

Policy & Regulation

• Feds launch FTX task force to recover victim assets.

Fundings

• Web3 wallet Assure Wallet closed a $1.4 million Pre-A funding round.
• Crypto gaming project Calvaria raises $2.5m in presale.