FTX 2.0 launching soon? Court filing shows a reboot plan in the works as FTX’s revival plans could soon become reality. Read more on this and other headlines from last week in our Hodler's Digest.👇
Crypto exchange Binancefollowing days of uncertainty surrounding the Multichain protocol. Transactions on the cross-chain protocol have been delayed over multiple bridges in the past few days, with little information from Multichain’s team about the ongoing issues. In a tweet from May 24, Multichain said that some cross-chain routes were unavailable “due to force majeure,” noting that the time for service restoration was unclear.
. On Twitter, rumors circulated that Multichain’s team had been arrested by the Chinese police, with $1.5 billion of smart contract funds under authorities’ control.Bankrupt crypto exchange FTX’s revival plans could soon become reality. According to court filing documents, FTX’s new management, reviewing plans for restarting the exchange and finalizing the material required for its rebooting as FTX 2.0. The documents also suggest FTX could soon enter into a bidding process.
. The bid incorporates Celsius assets previously valued at nearly $2 billion, including institutional loan portfolio, staked cryptocurrencies, mining unit, alternative assets, and over $450 million in liquid cryptocurrency. Behind the consortium are the venture capital firm Arrington Capital and crypto miner US Bitcoin Corp. While Celsius and its creditors have accepted the bid, regulatory approval is still required to complete the acquisition.
thanks to the advent of Ordinals, highlighting the need for developers and capital to build layer-2 solutions.
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Worldcoin and the Intellectual Decline of Venture CapitalWorldcoin is not just morally troubling, but economically incoherent. Its $115 million funding round is a deeply disturbing indictment of the state of Silicon Valley and its venture capital backers, davidzmorris writes in The Node newsletter. Opinion.
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OpenAI CEO’s Worldcoin Raises $115 Million | CoinMarketCapCryptoNews: Worldcoin recently secured $115 million in funding from various sources, including Andreessen Horowitz and Coinbase Ventures.🔥
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Sam Altman's Crypto Project Worldcoin Gains Some Traction in ChinaWorldcoin, a crypto project by OpenAI CEO Sam Altman has gained some traction in China, with users rushing to source know-your-customer (KYC) verifications on the black market. CoinDesk Executive Director of Global Content Emily Parker weighs in on the state of Worldcoin developments and breaks down its popularity around the globe.
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Binance, Other Crypto Players Shun Multichain as Bridging Rumors SwirlKey players in crypto ecosystem are distancing themselves from MultichainOrg, highlighting a crisis of confidence in the bridging protocol. realDannyNelson reports
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Stargate DAO voting to reduce exposure to Multichain-issued stablecoinStargate DAO is moving to reduce exposure to a stablecoin on the Fantom blockchain that was created using the Multichain protocol.
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A.I.-focused cryptos rise on Nvidia demand, and Shaq served with FTX lawsuit: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chen Arad of Solidus Labs discusses the firm's new insider trading tracking tool for decentralized protocols.
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