Bitcoin miner CleanSpark is expanding operations in the state of Georgia, adding to its mining capacity.

https://cointelegraph.com/news/bitcoin-miner-cleanspark-expands-operations-in-georgia

China has enabled smart-contract functionality for its central bank digital currency (CBDC), the digital yuan, through the e-commerce app Meituan.

https://www.coindesk.com/policy/2023/01/19/china-launches-smart-contract-functionality-on-cbdc-through-e-commerce-app-meituan/

Genesis filed for Chapter 11 bankruptcy protection in New York on Jan. 20. However, the focus of the crypto community has shifted toward other firms that had exposure to the lending firm.

One report suggested that a total of nine crypto firms had exposure to Genesis, including Gemini, Bybit, VanEck, Decentraland and others. Bybit CEO Ben Zhou was quick to respond to the reports and clarified that Bybit indeed had $150 million exposure to the bankrupt crypto lender via its investment arm Mirana.

Bybit CEO Ben Zhou said that:

1. Mirana is the investment arm of bybit.
2. Mirana only manage some bybit company asset. Client fund is separated and bybit earn product doesn’t use mirana.
3. The reported 151m has abt 120m of collateralized positions which mirana had already liquidated.

https://twitter.com/benbybit/status/1616313439617486850
https://cointelegraph.com/news/bybit-ceo-offers-clarity-on-exposure-to-genesis-but-community-demands-more

Sui Ecosystem

@icodrops #sui #icodrops

https://twitter.com/ICODrops/status/1616448926885855233

🔥BTC and ETH have reached the level of $22,800 and $1,600, respectively.
BTC is now trading at $22,532.
ETH is now trading at $1,647.

https://dropstab.com

💧Changes in the main Crypto Sectors in dynamics over the month

Binance said in the statement emailed to CoinDesk that Signature had told the company that it “would no longer support “any of its crypto exchange customers with buying and selling amounts of less than 100,000 USD as of February 1, 2023,” and that this would be true for “all Signature’s crypto exchange clients.”

https://www.coindesk.com/business/2023/01/23/binance-says-signature-bank-wont-support-transactions-for-crypto-exchange-customers-of-less-than-100k/

The Federal Reserve has launched an investigation into Goldman Sachs.

The probe is reportedly centered around whether or not the bank had necessary safeguards in place as it “ramped up consumer lending,” according to the publication.

https://watcher.guru/news/the-federal-reserve-is-investigating-goldman-sachs

United States prosecutors have seized nearly $700 million worth of assets either owned by collapsed crypto exchange FTX or tied to founder and former CEO Sam Bankman-Fried, authorities disclosed in a Friday court filing.

https://decrypt.co/119695/feds-seize-about-700m-ftx-sam-bankman-fried-assets

Our weekly news digest.

Read here👇
https://telegra.ph/ICODROPS-WEEKLY-NEWS-DIGEST-01-23

Ethereum co-founder Vitalik Buterin has proposed a "stealth address system" to improve transactional privacy on the Ethereum blockchain.

The stealth address system is based on a mechanism that would allow any Ethereum wallet to generate cryptographically obfuscated public addresses called "stealth addresses'' in order to receive funds in a private manner and access them using a special code called a "spending key."

https://www.theblock.co/post/204524/vitalik-buterin-proposes-stealth-addresses-to-enhance-ethereum-privacy
https://vitalik.ca/general/2023/01/20/stealth.html

ChatGPT creator OpenAI signs multi-year, multi-billion investment deal with Microsoft $MSFT.

https://twitter.com/watcherguru/status/1617526645296082945

💧How did the major BTC institutional portfolios perform?

▫️MicroStrategy - https://dropstab.com/p/microstrategy-crypto-portfolio-4crikwkuk4
▫️Tesla - https://dropstab.com/p/tesla-crypto-portfolio-39gho3mw0m
▫️Square - https://dropstab.com/p/square-crypto-portfolio-imfabvnt7z
▫️El Salvador - https://dropstab.com/p/el-salvador-crypto-portfolio-gai1gqe3ma

Check the latest DropsTab infographics:
https://twitter.com/dropstab_com/status/1617487574209110023

Gemini is laying off 10% of staff.

https://www.theinformation.com/articles/gemini-is-laying-off-10-of-staff-marking-latest-blow-for-winklevoss-crypto-startup

Wormhole exploiter converts $150 million in ETH to staked assets and levers up.

https://www.theblock.co/post/204855/wormhole-exploiter-converts-150-million-in-eth-to-staked-assets-and-levers-up

The FBI has concluded that North Korean hacker organization Lazarus Group was behind the $100 million hack of Harmony Protocol last June.

https://decrypt.co/119861/fbi-north-korea-lazarus-horizon-harmony-bridge-hack

Sam Bankman-Fried lists Washington, DC house for $3.28 million.

https://twitter.com/watcherguru/status/1617634820582182912

NFT price tracker Floor has acquired the NFT analytics firm WGMI.io.

https://mirror.xyz/treasury.floornfts.eth/eLoZs5lRYfq84qgRd3eRJwC4Gd1V5btakPYBciBYBoA?source=floor_homepage

Ethereum’s core developers announced the successful deployment of the first mainnet shadow fork designed to test the readiness of ETH staking withdrawal capability, a feature expected to launch by March.

https://decrypt.co/119851/ethereum-shanghai-mainnet-shadow-fork-goes-live