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FTX Held Roughly $1.4B in Cash at End of 2022
Bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022, according to an interim financial update filed on Wednesday. Hodder Law Firm Founder and Managing Partner Sasha Hodder discusses the latest update from FTX's bankruptcy and the implications for creditors.

DeFi Outlook in 2023
Decentralized derivatives exchange dYdX COO George Zeng discusses his outlook on DeFi in the coming year and how decentralized exchanges may be impacted as regulators narrow their scrutiny over recent bankrupt centralized exchanges like FTX. Plus, insights on navigating the crypto winter.

Outlook For Decentralized Exchanges
dYdX COO George Zeng shares his outlook for the future of decentralized exchanges as centralized exchanges face more scrutiny following the fall of FTX. Plus, he teases dYdX's V4 and how it will impact the user experience.

India Keeps Restrictive Crypto Tax Rules in 2023 Budget
India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector in 2022. Now the world's largest democracy is keeping its restrictive crypto tax rules unchanged in 2023 as Finance Minister Nirmala Sitharaman did not mention crypto, virtual digital assets, blockchain or central bank digital currencies (digital rupee) while unveiling the nation’s budget. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses how this could impact crypto adoption and trading volumes in the country.

Ethereum's 'Zhejiang' Testnet Is A Step Closer to Removing One Big Barrier to Entry
Ethereum developers plan to launch the "Zhejiang" testnet for simulating ETH withdrawals that are included in the protocol's next big upgrade. Robert Ellison, Allnodes Chief Growth Officer, explains the optimism around how this upgrade could remove one of the biggest barriers to staking ETH.

Ethereum Developers To Launch New ‘Zhejiang’ Testnet Ahead of Shanghai Upgrade
Ethereum developers will open a new test network today called "Zhejiang," where users can simulate staked ether withdrawals included in the protocol’s next big upgrade, also known as the Shanghai hard fork. Allnodes Chief Growth Officer Robert Ellison shares insights into Zhejiang, its significance to the Ethereum community, and what to expect from the Shanghai update.

Company Linked to Tom Cruise Deepfake Addresses Ethical Questions Around the Technology
London-based company Metaphysic is developing AI for hyperreal virtual experiences in the metaverse. Co-Founder Tom Graham addresses the ethical dilemma around using deepfake technology and how blockchain could potentially create digital identity rights.

Optimism Around Interoperability Lifts Metaverse Tokens
The CoinDesk Market Index gained 37% in January, with the Culture and Entertainment sector standing out, gaining 79.6% in the month. CoinDesk Indices Managing Director Jodie Gunzberg explains what is accelerating this rally.

Metaphysic Co-Founder on Building Ethical AI in the Metaverse
Metaphysic, the London-based tech firm is partnering with Creative Artists Agency to develop generative artificial intelligence (AI) tools and services, while working with Miramax to develop hyperreal content for the upcoming feature film "Here." Metaphysic co-founder Tom Graham shares insights into the impact of AI on the media industry, the importance of responsible AI, and the future of hyperreal technology in the metaverse.

Crypto Made a Comeback in January
CoinDesk Indices Managing Director Jodie Gunzberg joins "First Mover" to discuss how crypto made a comeback last month, despite the challenging environment for digital assets in 2022. The CoinDesk Market Index (CMI) gained 37.0%, with all six sectors up for the month. Culture and Entertainment (CNE) gained the most for the month, up nearly 80%, which was more than double the gain of Currency (CCY), up 36%.
