Big breakthrough at Genesis

Some NFTs sales on OpenSea will have a three-hour delay. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.07T (+1,23%) 24 Hour Volume $51.49B (-3.43%) Notable Movers[(THETA) $1.15]( (+6.53%) Notable Movers (DeFi)[(FXS) $13.08]( (+28.03%) Bitcoin Dominance 41,37%[(-0,10%)]( Bitcoin Price[(BTC) $22,983.57 (+0.82%)]( Ethereum Price[(ETH) $1,642.15 (+0.94%)]( Cardano Price[(ADA) $0,3888 (-0.44%)]( [Today’s Top Stories ]( Today’s Top Stories [Tuesday'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! [Genesis creditors could get 80% back]( 💰 Finally — some good news for Genesis creditors. An agreement in principle has now been reached for a restructuring — and it's claimed they could receive up to 80% of their funds back. Crucially, this includes the 340,000 Gemini Earn customers who are owed $900 million. Assuming it's approved by the court, the plan is "a critical step forward towards a substantial recovery of assets for all Genesis creditors," Gemini President Cameron Winklevoss said on Twitter. He also announced Gemini will contribute $100 million to its customers as part of its "continued commitment to helping Earn users achieve a full recovery." Genesis halted withdrawals in November after suffering a series of body blows during the bear market. [Digital pound 'likely to be needed']( 🇬🇧 A digital pound is "likely to be needed in the future" according to a joint report by the U.K.'s Treasury and the Bank of England. This isn't final approval of a plan to launch a central bank digital currency, but indicates that officials are leaning very heavily in favor of one. A roadmap toward a rollout is set to be unveiled today — as well as a public consultation. BoE Governor Andrew Bailey said: "A digital pound would provide a new way to pay, help businesses, maintain trust in money and better protect financial stability." He — along with Chancellor Jeremy Hunt — have stressed that security and financial stability would be key factors in the decision. Bitcoiners have raised fears that CBDCs could be used to monitor consumer transactions. [SBF planned to spend $13m on Super Bowl ad]( 🏈 What a difference a year makes. In 2022, crypto companies were battling for airtime during the Super Bowl — splashing out at least $6.5 million for a 30-second ad. But following a punishing bear market, they're nowhere to be seen. It's now been revealed that Sam Bankman-Fried had been planning to spend $13 million this year — in what would have been a follow-up to the star-studded ad featuring Larry David. BitBuy is returning with a spot featuring the NBA Toronto Raptors star Scottie Barnes, but it will air only in Canada. And blockchain-based game developer Limit Break plans to give away 10,000 NFTs to viewers who scan a QR code — a strategy that proved to be a hit for Coinbase. [OpenSea's new tool to crack down on thieves]( 🚨 We've all heard the horror stories of NFT collectors who lost pricey pieces of digital art after making fat-fingered mistakes. And now, OpenSea is aiming to help protect users by launching a three-hour hold for some transfers and sales. As well as preventing human error, this could also stop malicious actors from walking away with blue-chip NFTs. The marketplace explained: "Speedy transfers and resales through offer acceptances can indicate suspicious activity." NFT theft is a big and growing problem, with blockchain intelligence firm Elliptic revealing last August that more than $100 million worth of NFTs had been stolen in the 12 months prior. Almost one quarter of that was in May alone. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States