Magic Eden Refunds Users Who Bought Unverified NFTs from Exploit

• Magic Eden, a Solana (SOL) NFT marketplace, has promised to refund users who mistakenly bought unverified NFTs from its platform. • The incident was confirmed by the creator of the ABC NFTs HGE, who said several high-value NFTs suffered the most from the exploit. • In its Jan. 4 statement, Magic Eden said users …

Biden Administration Acknowledges Cryptocurrency Industry with White House Meeting

• Former FTX CEO Sam Bankman-Fried visited the White House to discuss pandemic prevention and cryptocurrency. • White House press secretary Karine Jean-Pierre said the meeting focused on pandemic prevention-related matters and cryptocurrency and crypto exchanges. • The attendees may have also discussed the now-defunct FTX Future Fund, who once donated $1.5 million to Stanford …

Crypto VC Funding Down 83% in December, Infrastructure Firms Receive Most Funding

• Crypto startups raised $660 million in VC funding in December 2022 – down 21.5% from November (2022) and 82.5% from December 2021 ($3.76 billion). • The number of crypto VC public investment projects in December 2022 was 50 – a 23% decline from November 2022 (65 projects) and a 68% decline from December 2021 …