Staked ETH withdrawals from March?

Plus, Amber Group pulls the plug on a big sponsorship deal. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $856.52B (+1,64%) 24 Hour Volume $40.47B (+27.18%) Notable Movers[(EOS) $1.05]( (+6.51%) Notable Movers (DeFi)[(COMP) $39.63]( (+5.05%) Bitcoin Dominance 38,54%[(+0,12%)]( Bitcoin Price[(BTC) $17,186.02 (+1.60%)]( Ethereum Price[(ETH) $1,275.15 (+2.10%)]( Cardano Price[(ADA) $0,313 (+0.42%)]( Editor's Note Learn Crypto? As you’ll see if you read on in this newsletter, MasterClass has launched a new cryptocurrency course featuring speakers from Coinbase, Andreessen Horowitz, with Binance’s own CZ. There’s even a crypto skeptic thrown in there: economist Paul Krugman. And as we’ve written about many times, particularly around the holidays, one of the biggest issues in crypto adoption is the inability to explain to the non-tech savvy just how crypto works. At Thanksgiving meals and Christmas dinners, you’re often forced to either resort to the “Island of Yap” analogy or whip out Etherscan and start lecturing — there’s no real good in between (besides the CMC podcast, of course). But as the cryptocurrency industry has continued to face story after story of exchange collapses, hacks (and good things too like new use cases for DAOs, smart contracts and play-to-earn), maybe this Crypto 101 from a mainstream educational platform like MasterClass could be a tipping point for getting more people to understand crypto, just a little bit better. [Today’s Top Stories ] Today’s Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Friday's CoinMarketRecap podcast!]( 🔥 Listen to all the day's top crypto stories while you're on the move with the CoinMarketRecap podcast. You can find us on [Apple Podcasts]( [Spotify]( and [Google Podcasts]( too! [BREAKING: SBF willing to testify]( 🚨 Sam Bankman-Fried has said he is willing to testify to Congress about the collapse of FTX on Tuesday. The House Financial Services Committee had threatened to subpoena him if he declined. On Friday, he tweeted: "I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won't be as helpful as I'd like." SBF added he will try to be helpful during the hearing — and shed light on why FTX US is solvent, opportunities to return value to users worldwide, and what led to the crash. Vowing to reflect on his own failings, he added: "I had thought of myself as a model CEO, who wouldn't become lazy or disconnected. Which made it that much more destructive when I did. I'm sorry." [Shark Tank star loses millions in FTX]( 💸 Shark Tank star Kevin O'Leary has revealed he was paid $15 million to act as a spokesman for FTX — and he's lost it all after the exchange was tipped into bankruptcy. Speaking to CNBC's Squawk Box, the millionaire admitted he had made a "bad investment" — and said he and other institutional investors "look like idiots" after falling victim to "groupthink." Breaking down the numbers, O'Leary revealed he had invested $9.7 million from this deal into cryptocurrencies that were held on the doomed exchange, adding: "It's all at zero. I don't know because my account got scraped a couple of weeks ago — all the data, all the coins, everything." To make matters worse, his $1 million equity stake in FTX has now fallen to zero, too. [Amber Group exits Chelsea sponsorship]( ⚽️ An embattled crypto trading platform is scrapping a $25 million sponsorship deal with Chelsea FC, according to Bloomberg. Amber Group is also slashing 300 jobs and shifting its focus from retail investors to large institutions — meaning its client base will dwindle from hundreds of thousands to just 100. Meanwhile, the Financial Times is reporting that Amber Group only managed to raise half of the $100 million it was seeking during a funding round. There have been concerns that Amber Group could be affected by FTX's collapse as it had funds locked up on the platform. But managing partner Annabelle Huang has insisted daily operations continue as normal. The company's co-founder Tiantian Kullander died suddenly aged 30 last month. [Staked ETH withdrawals could begin soon]( 💰 Stakers who have locked up their Ethereum might be able to withdraw their funds from March, it's been revealed. Almost 15.6 million ETH has been locked up in a deposit contract since it launched two years ago — and at the time of writing, it has a cash value of $20 billion. This deposit contract played a critical role in helping the Ethereum network successfully make the switch from a Proof-of-Work to a Proof-of-Stake blockchain earlier this year — an ambitious upgrade known as "The Merge." The activation of withdrawals could encourage new participants to get involved — giving the network's security a boost in the process. Ether was the strongest performer among the world's 10 biggest cryptocurrencies on Friday. [Did Coinbase just attack Tether?!]( 😱 Coinbase has launched a thinly veiled attack against Tether — and is urging users to switch to the "trusted and reputable" USD Coin instead. In a blog post, the exchange — which helped co-found USDC back in 2018 — said "stability and trust" are of utmost importance to customers during the bear market. And it suggested "the events of the past few weeks have put some stablecoins to the test." While not addressing rivals by name, this is likely a reference to USDT, which has lost its peg at times since FTX collapsed. Coinbase has announced it will waive fees for customers making the switch from USDT to USDC — stressing this stablecoin is "100% backed by cash and short-dated U.S. treasuries held in regulated financial institutions." [DAO cancels 100 ETH donation to ZachXBT]( 👀 A DAO's plans to donate 100 ETH to self-styled "on-chain sleuth" ZachXBT have been mysteriously canceled. A Nouns member had wanted to reward them for their efforts in uncovering a plethora of crypto scams — arguing that recent events mean this is a "public good" that's needed now more than ever. The proposal was passed in a vote, but a technical quirk meant that the transaction was stopped in its tracks. It's been suggested that this action may have been taken by someone who wanted to stop ZachXBT from performing further investigations. A new, identical proposal has been created to ensure the reward — worth $128,000 at current market rates — is sent. There's said to be "near certainty" this second vote will also pass. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? 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