?? The Fight To Return Gemini Customer Assets Heats Up | Former FTX CEO Sets Up October Showdown ????

Hey LinkedIn,

?? Welcome to the Weekly Shift Round-Up for Jan. 6, 2023! ??

• BTC & ETH edge higher as Federal Reserve minutes released
• Sam Bankman-Fried pleads not guilty, October trial set
• MicroStrategy to launch Bitcoin lightning solutions
• China's new NFT marketplace
• Why a prominent gaming developer is still bullish on blockchain gaming
• Major platform news from Lido, SushiSwap & Solana.

???The Week In Crypto

Bitcoin & Ether edge higher as Federal Reserve minutes released

?Most cryptocurrencies edged higher to start 2023; however, Federal Reserve minutes released from their December meeting signalled no rate cuts this year as higher rates will happen for "some time".

?Crypto companies continue to struggle as Wyre was?forced?to shut down, going from a $1.5B valuation to $0 within months.

???Prices in the last 7 days (as of Jan 6)???

• BTC?$16.8K?+2%?
• ETH?$1.2K?+5.5%
• Gainers:?BIT?+48%,?LDO?+45%,?SOL?+35%
• Loses:?HT?-10%,?HBAR?-5.7%,?XRP?-4%

Sam Bankman-Fried pleads not guilty as October trial set

?The former CEO and founder of FTX entered his not-guilty plea on 8 criminal fraud charges in a highly anticipated court hearing.?

?The trial is set for October 2 as he faces over 100 years in prison.

China to launch?first "Digital Asset' marketplace

?China held a ceremony to celebrate the launch of a state-backed NFT marketplace. The China Digital Asset Trading Platform will facilitate trading of digital collectibles and property rights, running on the 'China Cultural Protection Chain'.

MicroStrategy to launch Bitcoin lightning solutions

?MicroStrategy executive chairman Michael Saylor shared plans to release Bitcoin Lightning Network-powered software and solutions in 2023. Saylor said the aim is to enable any enterprise to easily "spin up" Lightning infrastructure.

?Final Fantasy creators to develop its blockchain offering

?Despite the bear market, one of the largest video game companies, Square Enix, reaffirmed its commitment to pursuing blockchain games and investing in web3 companies.?

Security reminder as Bitcoin core developer loses 200 BTC

?A Bitcoin core developer claims his keys were compromised, resulting in the loss of most his bitcoin. It comes as the COO from NFT company RTFKT was?phished?for his NFT collection.

?It's a reminder to ensure you're doing self-custody 100% correctly.

?Gemini founder pens letter to Digital Currency Group (DCG)

?Genesis, owned by DCG, owes Gemini $900M for funds leant as part of the Gemini Earn program. The situation is poised to worsen as Genesis keeps withdrawals locked and Gemini faces pressure from users.?

?? Notable Project News

• Solana?fell?out of the top 20 by market cap before its rebound—it's now lost 97% since November 2021.
• SushiSwap?to?phase out?its lending and launchpad products.
• Lido?overtook?MakerDAO?as the highest TVL in DeFi
• Solana?received?a new meme coin as trillions of?$BONK?are airdropped to Solana users—price is up 2,000% since launch.

?? The Best Free Content From Collective Shift ??

?? Onchain Analysis: Old vs Young Supply?

Checkmate presents a dashboard into the dynamics of on-chain bitcoin holders.

?? What is Inflation?

Inflation's a growing narrative heading into 2023. We dive into what it is and how it plays an essential role in cryptocurrency.

?? Ben & Bergs Podcast: How We're Setting Personal Goals To Improve In 2023

Ben and Bergs reflect on 2022 to understand improvements for 2023.

??? Member Content From Collective Shift ??

• No Townhall this week—we're back on Jan 6!
• Have a question about cryptocurrency or the market??Submit it here, and we'll answer it at the next Townhall!
• On-Chain Analysis:?Checkmate covers what the?strong hands?are doing on-chain,?old & young supply,?keeping coins cold?& cycle?profit and losses
• 7 Things To Know About Crypto Markets From December:?The things you need to know to close 2022.
• ?Australian Open Art Ball NFT – 100 Pre-Mint Allocation for Members:?We’ve partnered to receive 100 pre-mint whitelist allocations for the upcoming Australian Open Art Ball NFT.
• TA Update: Market Outlook For Bitcoin + S&P In 2023.
• Tech Layoffs In 2022:??Is this a sign of what’s to come or just smart business?
• New Assets Pages!?We've updated our?ENS?Asset Page and added?DYDX.

?? Best From The Collective Shift Discord

#general: A favourite publication for Ethereum Alpha

?Leon?shared?a weekly digest of Ethereum’s community layer 2 magazine ‘the roundup’. The publication explores recent developments in the Ethereum scaling space, which has been progressing strongly.

Member-Only Section:

• #general:?Is Barry Silbert from DCG in trouble with?outstanding loans?
• #DeFi:?Top?DeFi plays for 2023.
• #general:?Should you worry about Michael Saylor's leveraged Bitcoin?bet?
• #irl-networking:?A member?looking?for devs for an upcoming NFT gaming project.
• #general:?A crypto OG has his private keys?compromised.
• #etheruem:?Eric?shares?the mirror.xyz publication about ‘Current Etheruem’.
• #general:?Community?discuss?the Solana meme coin storming into the top 200.

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