$34.5 Billion Unlocked 🔑 🔐
In today's edition: 🎉 Ethereum's major upgrade, 📈 FTX relaunching?, 🤑 a DeFi insurer want their money back, and more!
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In Case You Missed It:
How Will ETH React to Ethereum’s Shanghai Upgrade?
Ethereum’s Shanghai upgrade is live and everyone is talking about it. Are you lost?
Listen to this episode with Christine Kim, where we go deep into the topic!
On Unchained Premium:
How Ether.fi Plans to Steal Lido's Market Share
Mike Silagadze discusses the model of Ether.fi, a decentralized Ethereum staking service, and his expectations for the upcoming Shanghai upgrade.
What’s Poppin’?
by Samyuktha Sriram
Staked Ethereum Withdrawals Enabled As Shanghai Upgrade Goes Live
The blockchain began processing withdrawal requests for staked ETH after the Shapella upgrade was activated on April 12.
FTX Could Reopen Crypto Exchange, Recovers $7.3 Billion in Assets
An assessment on restarting the FTX exchange will take place in Q2, according to a timeline shared by bankruptcy attorneys.
Euler Finance Users Redeem $133 Million, DeFi Insurer Wants Money Back From Hack Victims
DeFi insurance firm Nexus Mutual is seeking the recovery of $2 million in claims paid out to Euler Finance hack victims, who have since redeemed their funds.
Daily Bits…✍️✍️✍️
FTX’s new legal team assured a US bankruptcy court and creditors that the defunct crypto exchange's "dumpster fire is out."
FTX's attorneys from Sullivan & Cromwell said the bankrupt cryptocurrency exchange is considering reopening in the future and discussing a possible option to let its creditors convert a portion of their holdings to a stake in the exchange, causing the FTT token to jump 84% in the last 24 hours.
A Delaware bankruptcy court judge ordered that Alameda Research, the trading arm of FTX, should be repaid nearly $53 million for a loan made in 2021 to Deltec International Group.
FTX was given the green light by a Swiss court to explore the potential sale of its European business arm, FTX Europe AG, after the holding company filed for a Swiss moratorium proceeding.
Do Kwon stayed in a $2.2 million apartment in Belgrade, one building away from the city’s chief of police.
Decentralized lending platform Euler Finance allowed its users to redeem their share of recovered funds amounting to 95,556 ether and $43 million of DAI following a flash loan exploit that occurred last month, worth about $223 million at current prices.
The SEC’s Investor Advisory Committee requested that the SEC provide formal guidance for the crypto industry while endorsing Chair Gary Gensler’s efforts to enforce securities laws.
Lawyers in the class action lawsuit accusing Elon Musk of manipulating dogecoin in a Ponzi scheme want to add Twitter as a defendant after the Tesla CEO changed the social media platform's logo to the shiba inu dog.
Decentralized finance protocol Yearn Finance was impacted by an exploit through Aave version 1, resulting in a loss of $11 million in stablecoins, including DAI, USDT, USDC, BUSD, and TUSD.
SushiSwap is launching a claims website for vested SUSHI tokens in its Merkle Distributor contract and the claims will expire on April 23rd. Unclaimed tokens will go to SushiSwap's treasury.
Aptos announced a $20 million grant program for artists and creatives of all mediums to incentivize them to use its blockchain for their creations. The grant program will be in addition to the $3 million Aptos has already disbursed.
Today in Crypto Adoption...
eToro partnered with Twitter to offer direct trading services of cryptocurrencies and other assets to Twitter users through a new service called "$Cashtags," which provides real-time prices and directs users to the eToro platform to invest.
Financial institutions such as T. Rowe Price, Wisdom Tree, Wellington, and Cumberland joined Avalanche's Evergreen subnet "Spruce" to make trade execution and settlements more efficient.
Argentina's National Securities Commission approved the launch of a bitcoin futures contract based on the bitcoin index of Matba Rofex, an Argentinian stock exchange.
The $$$ Corner…
Singapore-based Bitcoin mining company Bitdeer Technologies Group is expected to go public and start trading on the Nasdaq on April 14, after experiencing several delays in the $4 billion deal.
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📈 Your Market Update 📉
BTC is up .8%, trading at $30,249
ETH is up 6%, trading at $1,990
BTC dominance: 45.08%
Crypto market cap: $1.3 trillion
*All data as of today, 7 am ET
Recommended Reads
Latency Games: the Good, the Bad, & the Ugly by Uri Klarman, CEO of bloXroute Labs
@expctchaos on Fantom
Jason Yanowitz on why he thinks CryptoGPT is a scam
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