Former FTX CEO Sam Bankman-Fried (SBF) was charged on four new criminal counts by a federal judge presiding over his case. According to a superseding indictment, there are now 12 criminal charges against Bankman-Fried, including eight conspiracy charges related to fraud as well as four charges of wire fraud and securities fraud. In an attempt to possibly modify his bail terms, Bankman-Fried’s attorneys will hire a security expert to assist the federal judge overseeing his fraud case. The technical expert will help the judge navigate issues regarding encrypted messages, privacy-focused messaging apps and VPNs. Ethereum core developer Tim Beiko announced the blockchain’s Shapella upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832. Major changes to the consensus layer include full and partial withdrawals for validators and independent state and block historical accumulators, replacing the original singular historical roots. After the Sepolia fork, the next step would be the release of the Shanghai upgrade on the Ethereum Goerli test network, planned for March. United States Representative Tom Emmer has introduced legislation that could limit the Federal Reserve from issuing a central bank digital currency (CBDC). According to Emmer, the CBDC Anti-Surveillance State Act seeks to protect Americans’ right to financial privacy. The bill could prohibit the Fed from issuing a digital dollar “directly to anyone,” bar the central bank from implementing monetary policy based on a CBDC, and require transparency for projects related to a digital dollar. A United States District Court judge ruled that emojis like the rocket ship, stock chart and money bags mean “a financial return on investment. ” The decision is part of a recent court filing regarding Dapper Labs’ motion to dismiss a complaint alleging that its NBA Top Shot Moments NFTs violated security laws . In a tweet, former U. S. Securities and Exchange Commission (SEC) Enforcement Branch Chief Lisa Braganca warned users of the potential legal consequences of using emojis that may indicate future gains. Microsoft has partnered with decentralized blockchain infrastructure provider Ankr to provide a novel node-hosting service on the Microsoft Azure Marketplace. This partnership will integrate the technology of both companies, pairing Ankr’s blockchain infrastructure with Microsoft’s cloud solutions. The enterprise node deployment service will offer low-latency blockchain connections for Web3 projects. The service relays transactions, deploys smart contracts and can read or write blockchain data. At the end of the week, Bitcoin ( BTC ) is at $23,245 , Ether ( ETH ) at $1,596 and XRP at $0. 37 . The total market cap is at $1. 06 trillion, according to CoinMarketCap. Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Stacks (STX) at 122. 16%, Conflux (CFX) at 95. 19% and Ankr (ANKR) at 38. 31%. The top three altcoin losers of the week are Fantom (FTM) at -16. 07%, dYdX (DYDX) at -13. 26% and Loopring (LRC) at -14. 41%. For more info on crypto prices, make sure to read Cointelegraph’s market analysis . Maxine Waters , U. S. representative for California Alex Gladstein , chief strategy officer at the Human Rights Foundation Jaime Leverton , CEO of Hut 8 Chamber of Digital Commerce Letitia James , New York attorney general Anastasia Hronis , Australian clinical psychologist Bitcoin may struggle with “brutal” volatility , but hodlers and critics alike should be in no doubt about its long-term price trajectory, fund manager and Bitcoin expert advisor Jesse Myers said while revealed his own “outrageous” BTC price target. Analyzing Bitcoin’s value proposition, he argues that Bitcoin’s ability to appreciate over time means that it is all but destined to suck in value from other asset classes. “My conservative estimates suggest an outrageous full potential for Bitcoin’s price: $10m/Bitcoin, in today’s dollars. To put this another way, I believe Bitcoin’s full potential is to eat ~25% of the world’s value… while today it constitutes just 0. 05%. That’s absurd. That means that I believe Bitcoin could 500x over the coming decades, in real (inflation-adjusted) terms,” Myers wrote. Blockchain Association CEO Kristin Smith says Congress needs to take control of crypto legislation and ensure it is an “open process” by looking at the market comprehensively. Despite regulators working “very quickly,” legislation is moving “behind closed doors,” Smith observed, emphasizing the importance of industry involvement in an “open process” that includes Congress. Institutional crypto fund manager CoinShares reported that digital asset investment products saw outflows totaling $32 million last week, the largest outflow of the year. The outflow comes in the wake of a massive crackdown on the digital asset industry by the U. S. securities regulator targeting everything from staking services to stablecoins and crypto custody. Kim Kardashian, Floyd Mayweather and other celebrities are hoping to convince a judge to dismiss another attempt to hold them liable for allegedly promoting EthereumMax (EMAX) without appropriate disclosure. Recently, the U. S. SEC issued a warning to celebrities who promote crypto, reminding them that the law requires them to disclose how much they are being paid and by whom. Simple storytelling through digital art has led this medical student and breakdancer to be featured at Sotheby’s. Consumers want to support ethical, environmentally friendly products. Blockchain projects are here to help. Hong Kong wants to restore retail crypto trading, FTX Japan customers withdraw nearly all assets after three months, and NBA China will continue minting NFTs. .