Perseverance is the hard work you do after you get tired of doing the hard work you already did (weekly crypto updates)

A quiet week. The silence before the storm, or it is just that the bulls are not strong enough to push it up to the stars. Shanghai upgrade is around the corner, beefing up ETH a bit, Binance needs to sort out BUSD issues, even if Paxos seems to defend themselves against SEC. Maker is making moves to get DAI into the crypto world. What else? Read below:

• Bitcoin: The biggest creditor of Mt.Gox chose to receive an early payout in Bitcoin instead of fiat currency. He may receive his funds back in September this year, as opposed to fiat, when you need to wait until the litigation is resolved (estimated time 9 years). Block’s Csh App generated $7.11B of BTC-related revenue in 2022, 29% less than the previous year.
• Ethereum: Liquid staking derivatives (LDS) such as LDO, FXS, and RPL raised 239%, 286%, and 208% in the last 2 weeks, as we are getting close to the Shanghai upgrade. Hong Kong plans to let retail investors trade digital assets like Bitcoin and Ethereum, aiming to become a future crypto-hub. The race between Polygon and Matter Labs continues, each of them seeking to get ready to launch the first zero-knowledge Ethereum Virtual Machine (zkEVM) to the market. Ethereum’s core developers scheduled the launch of the Shanghai-Capella upgrade on the Sepolia testnet for February 28, involving changes to both the execution layer and consensus layer. After that, they will move on to Goerli…