FTX Bankruptcy Costs: $670M on Consultants and Lawyers
FTX has spent $672.5M on legal fees since its November 2022 bankruptcy. Major payouts include $198.2M to Alvarez and Marsel, and $194M to Sullivan and Cromwell. #Crypto #Updates
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Explore the latest updates from hodl.press, a fresh news platform delivering unbiased, ad-free coverage of Bitcoin, blockchain, and the broader crypto world. At Voted.News, we condense hodl.press stories into concise, reader-friendly summaries, ensuring you get clean, reliable insights without the noise.
Ethereum ETF Filings Deadline: Amend by May 31
The SEC mandates spot Ethereum ETF issuers to revise S-1 applications by May 31, 2024. This move aims to boost institutional investment and liquidity in the crypto market. #Ethereum #CryptoNews
Bitcoin Staking Protocol Babylon Raises $70 Million
Babylon raises $70M, led by @Paradigm, to enhance #Bitcoin utility via Proof-of-Stake. Contributions from @PolychainCap, @HashkeyCapital, and HTX Ventures. #Crypto #Updates
Galxe Launches Alpha L1 Blockchain in June
Galxe will launch its new L1 blockchain, Gravity, in June 2024, built on Arbitrum Nitro, using Zero-Knowledge Proofs for enhanced security and EVM compatibility. #Blockchain #TechNews
TON Foundation Summer Bootcamp in Kyiv
The @TONFoundation hosts a free developer bootcamp in Kyiv on The Open Network & Telegram Mini Apps with workshops, a $5000 prize pool, and key networking. Pre-registration required. #Blockchain #Updates
Unstoppable Domains Introduces Revolutionary MPC Wallet
Unstoppable Domains, in collaboration with @fireblocksHQ, has launched a secure MPC wallet. It supports multi-network transactions and a user-friendly interface for easier blockchain adoption. #CryptoNews #Blockchain
Tbilisi Hosts Prestigious Web3 Conference DeGameFi
DeGameFi, the largest blockchain event in the Caucasus, will be in Tbilisi on June 15-16. Expect 1,000+ attendees, 60+ speakers, and names like @Tether_to, @0xPolygon, and @Mastercard. #Web3 #Blockchain
Bitcoin Miner OCEAN Expands to El Salvador
OCEAN, supported by @jack, opens a new Bitcoin mining hub in El Salvador. This aims to decentralize mining and boost local development. President Bukele’s BTC commitment remains strong. #Bitcoin #CryptoNews
Singapore Bank Holds $650M in Ethereum
DBS Bank, Singapore’s largest, holds 173,753 Ethereum ($ETH), valued at $650M. This marks a key moment in institutional #crypto involvement. #Ethereum #Finance
Gemini Refunds $2 Billion to Users
Gemini reimbursed $2.18B to 232,000 users of its Earn program, covering 97% of frozen assets. This exceeds initial obligations by 232%. #CryptoNews #Updates
Telegram Wallet Updates Payment Provider Service
Telegram Wallet users must update their data by June 3, 2024, due to a change to WOT Global Solution Ltd. Failure to update restricts account access. #Crypto #Updates
Ethereum Liquid Restaking Boosts L2 Network Potential
With $5.8B in TVL, @ether_fi leads in liquid restaking on L2 networks, enhancing efficiency and reducing costs. Meanwhile, Renzo hits $4B using @ConnextNetwork, introducing synchronized staking with nextETH tokens. #Ethereum #CryptoNews
Riot Platforms Acquires Bitfarms in Major Deal
Riot Platforms bids $2.3 per share to acquire Bitfarms, aiming to create the world’s largest public Bitcoin miner. The $1B deal reflects consolidation trends in crypto mining. Bitfarms declines, citing undervaluation. #Bitcoin #CryptoNews
Solana Memecoin Trader Turns $861 Into $650K
An anonymous trader turned $861 into $650K in five hours trading $MOTHER on Solana, highlighting crypto’s high-risk, high-reward nature. Timing and market dynamics were key factors. #Crypto #Solana