Altcoins
Bankrupt FTX recovers US$7.3 billion in assets, considers resurrection of operations
The failed FTX cryptocurrency exchange has recovered around US$7.3 billion in assets and is considering the option of restarting its business.
Danny Park
Contributor
Danny Park
Danny is a journalist at Forkast.News. Originally from South Korea, Danny has produced content for media companies in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Business Marketing from the University of Hong Kong.
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Market Trends
France to develop local metaverses against global giants
The French government announced a public consultation on “virtual immersive universes,” or the metaverse.
Danny Park
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Regulation
South Korean prosecutors to freeze US$5.36 million of Do Kwon’s assets, some in Switzerland
Seoul Southern District Prosecutors’ Office is in the process of freezing 7.1 billion won worth of assets that belong to Terraform Labs CEO Do Kwon.
Danny Park
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Regulation
U.S. SEC committee urges ‘aggressive enforcement’ on crypto, says most tokens are securities
The U.S. SEC Investor Advisory Committee urged the federal agency to continue its aggressive enforcement on crypto players that offer unregistered securities.
Danny Park
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Altcoins
Bitget exchange starts US$100 mln fund to support ‘next-generation’ crypto projects
Bitget on Monday said it had launched a Web3 Fund with an initial investment of US$100 million to support development of cryptocurrency projects.
Danny Park
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Regulation
Arkansas joins Montana, Texas with bills on guidelines, protection for Bitcoin miners
Arkansas has joined Montana and Texas this year in proposing legislation to offer legal protections to companies operating crypto mining sites.
Danny Park
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Bitcoin News
Bitcoin resumes rise, Ether gains ahead of upgrade, Dogecoin makes up some lost ground
Bitcoin resumed its rise above US$28,000 in Monday morning trading in Asia, a support level it has fluctuated around for most of April.
Danny Park
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Regulation
Local prosecutors say Terra-Luna’s Do Kwon has no identifiable assets in South Korea
The arrested crypto fugitive Kwon Do-hyung has “zero '' identifiable assets in his native South Korea, prosecutors said on Friday.
Danny Park
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Bitcoin News
Bitcoin holds US$28,000 in choppy trading; Ether falls after US Treasury warns against DeFi risk
Bitcoin moved in a narrow range above the support line at US$28,000 in Friday morning trading in Asia, while most other top 10 crypto declined.
Danny Park
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Metaverse Platforms
Meta says new focus on generative AI could boost metaverse development: Nikkei
Meta is investing heavily in artificial intelligence and this will benefit its metaverse businesses, Meta’s Andrew Bosworth told Nikkei Asia.
Danny Park
