OKX Says It’s Turning Over $157M in Frozen FTX and Alameda Assets
FTX bankruptcy lawyers say that $694 million in liquid assets have been identified before OKX’s announcement.
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Algorand Aims to Help Developers Transition to Web3 With AlgoKit
The tool suite was designed to be an easy onramp for web2 developers transitioning to web3 and developers from other chains who want to test out Algorand.
DeFi Platform Lido to Cease Staking on Polkadot, Kusama in August
Decentralized finance staking service Lido has passed a governance vote to sunset its staking program with Polkadot and Kusama.
British Virgin Islands Court Orders 3AC Founders to Attend Examination on May 22
The 3AC founders will be found in contempt of court if they fail to reply to the order.
Consider DLT Use When Judging Money Laundering Risks, EBA Advises Supervisors
Draft guidance from the EU banking watchdog picks out crypto technology for scrutiny and proposes vetting procedures for senior staff.
Bitcoin Heads for Best Quarter in Two Years, Outperforms Ether, Gold, Nasdaq
One observer said poor order book depth is primarily responsible for bitcoin’s rally, while others pointed to the cryptocurrency’s sound money appeal and Fed pivot speculation as bigger catalysts.
CFTC-Binance Lawsuit Could Worsen Crypto Market Liquidity, Pull Bitcoin Down to $25K: Observers
Low liquidity means wave of buy or sell orders can have an outsized impact on bitcoin’s market price.
Newly Formed ZeroSync Association Brings Zero-Knowledge Proofs to Bitcoin
The association has received sponsorship from crypto investment firm Geometry Research and StarkWare Industries – the software company behind StarkNet, a layer 2 Ethereum zero-knowledge rollup scaling solution.
EU Money Laundering Law Won’t Prevent Crypto Payments, Lead Lawmaker Says
The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets.
Sam Bankman-Fried’s Lawyers, Prosecutors Agree on Proposed Bail Conditions
The FTX founder will be given a new phone without internet access and a laptop with limited functionality.