🦎🚀 OKX to the rescue?

Thursday, March 30, 2023

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Seychelles-based cryptocurrency exchange OKX has issued a statement that it has identified $157 million in digital assets belonging to defunct FTX and Alameda Research.

The exchange did not disclose the types of digital assets found but has agreed to turn them over to the bankruptcy estate of FTX.

Earlier in March, bankruptcy lawyers revealed a "massive shortfall" of about $694 million in FTX's liquid assets, including fiat, stablecoins, bitcoin, BNB, SOL, and ETH.

In today's news, y00ts landed on Polygon, FDIC aims to return $4 billion in customer deposits next week, and artificial intelligence touches down on the Bitcoin network.

Read on!

In CFTC vs Binance, 678k Investors Potentially Affected

In CFTC vs Binance, who do you think will win?

Certainly not the 678 thousand or so Binance.US users. The number of Binance users in the US had increased 16% from the previous month, but as the lawsuit unfolds, it remains to be seen how users will be affected.

Read more here!

24h Hot Searches Worldwide

Radiant (+25.3%)
Arbitrum (+4.5%)
JOE (+15.0%)
ZigZag (-2.1%)
Fetch.ai (+2.7%)
SXP (+71.3%)
Bitcoin (+3.8%)

Now that the Arbitrum airdrop has taken place, the BIG question is: What's next? 🤩

In today's video, we'll cover what to expect from ArbitrumDAO this year

Tap here to watch!

The Great y00ts Migration

Solana NFT project y00ts is the most prominent project to date to migrate cross-chain, with nearly 77% of the NFTs already migrated to Polygon, worth more than $37 million cumulatively.

DeLabs, the creators of y00ts and blue-chip Solana NFT project Degods, announced in December last year that both collections would be bridging to new blockchains; with the former set for Polygon and the latter for Ethereum.

DeGods is set to commence its migration from Solana to Ethereum on March 31.

Decrypt

FDIC Plans to Make Right

The United States Federal Deposit Insurance Corporation (FDIC) aims to return about $4 billion in deposits to those affected by Signature Bank's collapse.

Chairman Martin Gruenberg announced that the agency should return customer funds "by early next week" in a March 29 hearing of the U.S. House Financial Services Committee.

Undersecretary for domestic finance in the U.S. Treasury Department, Nellie Liang, affirmed that she didn't believe crypto directly affected the bank's failure.

Cointelegraph

AI in Blockchain?

American-based startup Blocktrace aims to deliver an AI chatbot in blockchain transaction tracking to assist in blockchain analysis, facilitate processes and identify anomalies quicker.

Blocktrace is an AI-fortified blockchain forensic and analytical service provider, and is launching the chatbot named Robby the Robot on the Bitcoin blockchain first.

Robby supports natural language queries to scan transactions and is expected to be made available to the public later this year.

Decrypt