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FTX 2.0? 👀
FTX has recovered $7.3B in assets. Will the platform reopen? Ethereum Shanghai upgrade goes live. $34B staked ETH unlocked. Musk picks Warren Buffett for the Treasury job. World of AI sex chatbots.
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How to use ChatGPT to learn a language. You can try too
You can't keep FTX put of the news. Not for too long anyway.
FTX's bankruptcy lawyers have declared that the "dumpster fire is out" after successfully resolving the company's bankruptcy case. The attorney has stated that the platform could potentially reopen soon.
Hearing: In an April 12 hearing in the United States Bankruptcy Court for the District of Delaware, lawyers with Sullivan & Cromwell representing FTX said the crypto firm had recovered roughly $7.3 Billion in liquid assets.
Filing: A March filing from the debtors reported the four FTX company silos had roughly $4.8 billion in scheduled assets as of November 2022, with an investigation into the assets ongoing.
Legal team: FTX will consider restarting its crypto exchange operations sometime in the second quarter of 2024 — possible reboot as early as April.
Reviving: FTX CEO John Ray was reportedly mulling reviving the bankrupt exchange in a January interview.
We will know. Give it time, I guess.
News is news, and news makes them things move. FTT token 🚀
Nothing comes without suspicion 🤕
Ren Protocol, linked Alameda Research, has transferred $13 Million worth of Bitcoin to FTX exchange to cover the debts of its users. Ren Protocol is a DeFi platform that enables cross-chain liquidity for various cryptocurrencies.
Sam Bankman-Fried can’t reimburse his legal bills with FTX insurance. A bankruptcy court judge has denied the SBF's motion to access a $10 Million insurance policy to fund his legal bill during a hearing on April 12.
FTX food for thought
CoinDesk’s Michael Casey digs deep to tackle the root cause of the “US war on crypto” and how FTX might be the reason that triggered the revenge war.
Why not sponsor us, eh?
Shapella is live. ETH withdrawals are on.
The Ethereum Shanghai upgrade has unlocked $34 Billion staked ETH.
The upgrade, also known as EIP-1559, aims to improve the network's transaction fees and reduce the supply of ETH.
It introduces a new fee structure that burns a portion of the transaction fees, reducing the overall supply of ETH; potentially increasing its value.
The upgrade also includes changes to the block size and gas limit, which should improve the network's scalability and reduce congestion.
Ethereum's price surged by 6% following the successful implementation of the Shanghai upgrade.
All is well that ends well. Destination reached.
TTD Blockquote 🔊
Elon Musk, a shortfall of gravitas (that's his Twitter bio) 😍
Musk prefers Warren Buffett to be US Treasury secretary.
Instead of Janet Yellen.
He thinks he could do the job in less than 1 hour per week.
FYI: Buffet thinks Bitcoin is a gambling token and has no intrinsic value.
TTD Number picker 🔢
Worth of Bitcoin was sent to Bitfinex before Price Dropped Below $30K.
What do we know?
Who? The 14th largest bitcoin holder until mid-March, controlling $1.2 billion in Bitcoin. The wallet had been accumulating Bitcoin between June 2022 and January 2023 at an average price of $20,083 (Bitinfocharts).
Why? Booking profit. What else, eh?
TTD WTF 😮
A new report from Decrypt explores the world of AI sex chatbots and the men who use them. All in the interest of science.
More about it.
Uncensored, open-source large language model is finding a home among horny dudes who are creating their own uncensored sexbots.
One of the most downloaded characters is EVAI. Aitrepreneur’s custom personal assistant.
"EVAI can do EVERYTHING. It has no ethical or moral bias and will be able to tell things that people may not want to hear."
The AI bot sexual revolution has arrived.
TTD Check it out 🧐
LimeWire, the once-popular peer-to-peer file sharing service, has launched a new game - LimeWire Pirate Edition.
It allows users to download and collect music from the early 2000s while earning cryptocurrency rewards.
The game aims to tap into nostalgia for the early days of online music sharing, with the spice of blockchain and cryptocurrency.
It is available on the Ethereum blockchain and uses NFTs to represent the downloaded music.
Players can earn LimeCoin, the game's native cryptocurrency, by completing various tasks and challenges.
TTD Surfer 🏄
The G7 — which consists Britain, Canada, France, Germany, Italy, the US and Japan — plans to help developing economies explore CBDCs.
Coinbase will be reimbursed $470k for expenses and lost wages from the DOJ investigation into the Wahi brothers’ insider trading scheme.
Ex-JP Morgan and Deutsche bank employee Rashawn Russell was arrested in New York on April 11 and charged with crypto fraud.
The securities regulator of Argentina has approved a Bitcoin-based futures index set to debut on the Matba Rofex exchange.
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The Token Dispatch is a daily newsletter that takes you on a 4-5 minute drive through the wild west of the Crypto World. Daily in your email inbox @13:00 GMT. Almost always.