SUMMARY OF POWELL REMARKS (2/7/23):

1. Disinflation started, has a "long way to go"

2. Further rate increases are needed

3. Will take a "couple years" for 2% inflation

4. Couple years to lower balance sheet

5. Fed does not want to surprise markets

Is this 👍 hawkish or 👎 dovish?

📍 Follow @Coins for the hottest news in crypto.

372 million $SAND tokens are about to be unlocked.

The first unlock is expected to occur next week, 14th February 2023

The unlocked amount is 12.4% of $SAND total supply which is worth about $326m at the current $SAND price (0.88$).

There are 6 parties and the amount of unlocked $SAND that will receive:

1. Seed Sale - 103m $SAND
2. Company Reserve - 96.84m $SAND
3. Team - 71.25m $SAND
4. Foundation - 39.9m $SAND
5. Advisor - 37.5m $SAND
6. Strategic Sale - 24m $SAND

📍 Follow @Coins for the hottest news in crypto.

ConsenSys, the parent company of MetaMask, voted in favor of 7 million Uni in the proposal to deploy UniSwap to BSC. The 7 million Uni is delegated to ConsenSys by other people.

Careful lads!! 😂

📍 Follow @Coins for the hottest news in crypto.

Coinbase and Coinbase Pro will list Voxies (VOXEL).

Trading will begin on or after 17:00 UTC on 9 February 2023, if liquidity conditions are met.

https://twitter.com/coinbaseassets/status/1623363950422200321

📍 Follow @Coins for the hottest news in crypto.

Last year, French fashion house Hermès International sued artist Mason Rothschild for trademark infringement following the release of MetaBirkins — a collection of 100 NFT Birkin bags covered in faux fur in a range of colors and designs.

Today, Hermès won its lawsuit.

The nine-person jury awarded Hermès $133,000 in total damages and found that Rothschild’s NFTs aren’t protected speech under the First Amendment.

Legal experts say the case will have a dramatic influence on the NFT space, which often has a blurry line between art and consumer products. The full legal ramifications, however, remain to be seen.

📍 Follow @Coins for the hottest news in crypto.

Crypto VC firm Paradigm promoted Charlie Noyes and Dan Robinson to general partners, a first for the company.

The co-founders of Paradigm, Fred Ehrsam and Matt Huang, hold the titles of managing partner, while the rest of the investing team were either investment partners or associates.

The firm has backed companies such as crypto unicorn Amber Group, DeFi wallet Argent and decentralized exchange Dydx.

Paradigm had to mark down its investment in FTX last year amid the exchange’s collapse.

🔗 Telegram | Twitter

Trezor’s got a new CEO, Matej Zak.

Zak first joined as a product manager in 2019.

Though it’s working on what Zak called a new “flagship” product to build on past work, the company, founded in 2013, is still tacking to a “conservative” strategy, he said.

“We are more on the conservative side,” Zak said. “We wait and see what’s happening. If there is really real-life use cases and only then we act on implementing it within the ecosystem."

📍 Follow @Coins for the hottest news in crypto.

Kyle Davies, co-founder of failed crypto hedge fund Three Arrows Capital, is allegedly refusing to cooperate with the fund’s liquidators, per a court filing.

After 3AC's liquidators subpoenaed Davies and fellow co-founder Su Zhu by tweet on Jan. 5, lawyers are yet to receive any response, according to a document filed late Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

Davies and Zhu have been on the run since their billion-dollar hedge fund collapsed in June last year.

Meanwhile, a complicated bankruptcy process plays out in courtrooms around the world.

📍 Follow @Coins for the hottest news in crypto.

Bitcoin ATM operator Coin Cloud (5000+ ATMs) files for Chapter 11 bankruptcy protection.

📍 Follow @Coins for the hottest news in crypto.

- Messari co-founder

Agreed? 👍/ 👎

📍 Follow @Coins for the hottest news in crypto.

The Tron blockchain has committed over $100 million to teams utilizing artificial intelligence (AI) within their blockchain applications.

https://www.coindesk.com/tech/2023/02/09/tron-blockchain-commits-100m-in-grants-to-artificial-intelligence-focused-projects

📍 Follow @Coins for the hottest news in crypto.

USDT's entity Tether profited $700 million in Q4 2022.

📍 Follow @Coins for the hottest news in crypto.

Today Optimism has announced OP Airdrop #2.

11.7M OP distributed to over 300k unique addresses to reward positive-sum governance participation and power users of Optimism Mainnet.

Who’s eligible for Airdrop #2

Addresses that have delegated the voting power of their OP tokens.

Addresses that spent more than $6.10 on L2 gas since March 25, 2022 — the average cost of a transaction on Ethereum L1.

A snapshot was taken on Jan 20, 2023 at 0:00 UTC to determine eligibility.

More details on the airdrop: https://t.co/lgLMHqli26

📍 Follow @Coins for the hottest news in crypto.

The long-rumored (and previously reported) exchange startup from 3AC’s founders made its debut yesterday.

Su Zhu said Thursday that a waitlist is now open at a new marketplace for claims trading and derivatives called OPNX.

The platform will use the FLEX token.

Full thread: https://twitter.com/zhusu/status/1623737538950184962

Would you 'consider' opening an account on OPNX exchange or buy FLEX tokens?

👍 Yes. Life is all about giving second chances
👎 No. They should be punished for the wrong doings

📍 Follow @Coins for the hottest news in crypto.

Crypto exchange Kraken has settled with the SEC and agreed to shutter its staking service, as well as pay $30 million in disgorgement and civil penalties.

📍 Follow @Coins for the hottest news in crypto.

Data shows that there are 1,233,728 ETH staked through Kraken, accounting for 7.42% of the total, ranking third in market share, second only to Lido (29%) and Coinbase (12%). Kraken said it would unstake users’ ETH after the Shanghai upgrade.

https://dune.com/hildobby/eth2-staking

📍 Follow @Coins for the hottest news in crypto.

Binance introduced zk-SNARKs to its Proof of Reserves (PoR) Verification System.

Four new tokens have been added to the system: SHIB, DOT, CHZ and SOL, bringing the total number of verifiable assets to 13 popular tokens on Binance.
https://www.binance.com/en/support/announcement/binance-proof-of-reserves-verification-system-upgrade-introducing-zk-snarks-d8e1e2ed54d343c1b40bf812f0914236

🔹Pairs: GFT/USDT and GFT/BTC
🔹Deposit: now open (network: BEP20)
🔹Trading: 10:00 AM on February 13, 2023 (UTC)

https://twitter.com/kucoincom/status/1623987341319884801

📍 Follow @Coins for the hottest news in crypto.