BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea

Chatcasso won first prize in the BNB Chain hackathon for its AI-powered NFT creation tool.

BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea](https://cointelegraph.com/news/bnb-chain-hackathon-winner-accuses-binance-of-stealing-ai-powered-nfts-idea))
A Binance spokesperson said that Bicasso is an experimental project built by a small team at Binance.

DOJ seeks to narrow Sam Bankman-Fried’s bail terms, use only flip phones

The proposal restricts Sam Bankman-Fried’s communication to a flip phone or another non-smartphone device without internet access.

DOJ seeks to narrow Sam Bankman-Fried’s bail terms, use only flip phones](https://cointelegraph.com/news/u-s-attorney-seeks-to-narrow-sam-bankman-fried-s-bail-terms-use-only-flip-phones))
The United States Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried.

BitFlyer founder seeks to reinstate self as CEO, leading firm to IPO: Report

Despite stepping down as CEO three years ago, Yuzo Kano has continued to have a significant influence on the company, given he’s the Japan-based crypto exchange’s largest stakeholder.

BitFlyer founder seeks to reinstate self as CEO, leading firm to IPO: Report](https://cointelegraph.com/news/bitflyer-founder-seeks-to-reinstate-self-as-ceo-leading-firm-to-ipo-report))
The co-founder and former CEO of Japan-based crypto exchange bitFlyer, Yuzo Kano is seeking to reinstate himself as the CEO of the company. If successful, the co-founder will launch a number of new features to revamp the crypto exchange and put Japan back on the crypto map.

Lido Finance activates staking rate limit after more than 150,000 ETH staked

Lido Finance had to activate its safety feature "Staking Rate Limit" after over 150,000 ETH was staked in a single day.

Lido Finance activates staking rate limit after more than 150,000 ETH staked](https://cointelegraph.com/news/lido-finance-activates-staking-rate-limit-after-more-than-150-000-eth-staked))
After 150,000 Ether was staked in a single day, liquid staking protocol Lido Finance had to activate a protocol safety feature temporarily limiting staking deposits.

Crypto lawyers flame Gensler over claims that all crypto are securities

Crypto lawyers weighed in on Gary Gensler’s crypto regulation claims, saying that the the Securities and Exchange Commission has no legal standing to police the space.

Crypto lawyers flame Gensler over claims that all crypto are securities](https://cointelegraph.com/news/crypto-lawyers-flame-gensler-over-claims-that-all-crypto-are-securities))
Securities and Exchange Commission chairman Gary Gensler stated all cryptocurrencies besides Bitcoin (BTC) are securities under his agency’s jurisdiction, but crypto lawyers have quashed the claim, saying it’s up to the courts to decide.

Coordinated global crypto policies: G20 key financial stability priority

India’s finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms.

Coordinated global crypto policies: G20 key financial stability priority](https://cointelegraph.com/news/coordinated-global-crypto-policies-g20-key-financial-stability-priority))
During the FMCBG meeting held on Feb. 24–25, G20 members discussed technology innovations while emphasizing balancing associated risks.

Ethereum's deflation accelerates as Shanghai upgrade looms — Can ETH price avoid a 30% drop?

A deflationary Ethereum supply does not necessarily mean a bullish market for ETH, at least in the near term.

Ethereum's deflation accelerates as Shanghai upgrade looms — Can ETH price avoid a 30% drop?](https://cointelegraph.com/news/ethereum-s-deflation-accelerates-as-shanghai-upgrade-looms-can-eth-price-avoid-a-30-drop))
A deflationary ETH supply does not necessarily mean a bullish Ethereum market.

BlockFi appeals to cancel bankruptcy status for SBF’s offshore investment vehicle

The bankrupt crypto lender asked for a court ruling to dismiss Sam Bankman Fried’s appeal for bankruptcy for his offshore investment firm Emergent Fidelity Technologies Ltd.

BlockFi appeals to cancel bankruptcy status for SBF’s offshore investment vehicle](https://cointelegraph.com/news/blockfi-appeals-to-cancel-bankruptcy-status-for-sbf-s-offshore-investment-vehicle))
A spokesperson for the liquidators of Emergent Fidelity Technologies Ltd. said the bankruptcy was filed in an effort to protect the rights of its creditors “whoever they may be.”

South Korea’s Kimchi premium turns to discount

The “Kimchi premium” has flipped to discount again, and that could be saying something about crypto market sentiment, at least in South Korea.

South Korea’s Kimchi premium turns to discount](https://cointelegraph.com/news/south-korea-s-kimchi-premium-turns-to-discount))
South Korea’s Kimchi premium has flipped to a discount again, with data from analytics provider CryptoQuant showing the Korea Premium index has been shifting between the -0.24 and 0.01 range between Feb.17 and 19.