The Web3 news selected by Bitui editor for you every day:
[SBF was sentenced to 25 years in prison and ordered to confiscate more than $11 billion in assets]
According to INNER CITY PRESS, FTX founder SBF was sentenced to 25 years in prison in New York for alleged multi-billion dollar fraud.
According to Bloomberg, SBF was ordered to forfeit more than $11 billion in assets, and the judge recommended that SBF be imprisoned in a prison near his home in the San Francisco Bay Area.
[Bitwise applies to the US SEC to launch a spot Ethereum ETF]
Bitwise submitted a spot Ethereum ETF application to the U.S. Securities and Exchange Commission (SEC), however, the company’s S-1 filing did not mention staking. Ark 21Shares, Fidelity, and others included such language in early documents. The filing shows that Bitwise will list the ETF on the New York Stock Exchange, similar to its Bitcoin ETF.
Earlier this month, Bitwise Chief Investment Officer Matt Hougan said that a spot Ethereum ETF should ideally be approved after May.
[Bloomberg: The United States and the United Kingdom are reviewing more than $20 billion in cryptocurrency transactions through a Russian virtual exchange]
Bloomberg reported that the United States and the United Kingdom are reviewing more than $20 billion in cryptocurrency transactions conducted through Russian virtual trading platforms, according to people familiar with the matter. Regulators are reviewing Tether’s transfers to Moscow-based sanctioned exchange Garantex, people familiar with the matter said.
It is reported that the United States and the United Kingdom imposed sanctions on Garantex in April 2022 for allegedly helping money laundering, terrorist financing, and ransomware attacks. The $20 billion deal would be one of the most serious breaches since the sanctions began. Tether said it would work with law enforcement to ensure compliance.
[FTX locked SOL worth US$7.5 billion and attracted multiple buyers, including Galaxy Trading]
According to The Block, nine people familiar with the matter revealed that the 41 million SOL (approximately US$7.5 billion) locked by FTX has attracted multiple buyers. It is reported that FTX selected Galaxy Asset Management to facilitate token sales in September 2023, and the registered investment adviser is allocating tokens to potential bidders, some of whom are raising funds for larger bids.
Neptune Digital was the first company to publicly say it had acquired locked SOL from FTX Assets, purchasing 26,964 SOL at a price of $64 per token. 20% of the tokens will be unlocked in March 2025, and the remaining tokens will be unlocked linearly every month until 2028.
Galaxy Trading is one of the funds bidding for the locked SOL. Sources revealed that investors can participate at a price of $64 per token, and the fund will charge a 1% management fee. BitGo will be the custodian of the tokens.
Two sources said that while some of the transactions have now been completed, some tokens are still remaining. They expect the products to be available late next month, although this has yet to be confirmed.
One source said demand for SOL is high as investors realize they don’t have enough exposure to the SOL token as the token’s price rises rapidly in the process.
[Vitalik Buterin writes an article proposing four keys to the improvement of the current L2 protocol]
Vitalik Buterin, the founder of Ethereum, published an article "Ethereum has blobs. Where do we go from here?", pointing out that there are four key areas for improvement in the current L2 protocol:
1. Use bytes more efficiently through data compression;
2. Optimistic data technology, using L1 to protect L2 only under special circumstances;
3. Continuously improve and implement relevant constraints;
4. Continue to improve security.
Vitalik Buterin added that basically Ethereum is no longer just a financial ecosystem, but a full-stack alternative to most "centralized technologies" and even provides some things that centralized technologies do not have (such as governance-related applications) program), this broader ecosystem now needs to be taken into account.
[Prisma: The protocol is suspended due to loopholes, and the remaining funds are safe]
Prisma Finance posted on social media mkUSD and ULTRA, as stablecoins, are over-collateralized and risk-free. Prisma will conduct a postmortem and attempt to recover the funds and will continue to communicate through official channels and work to resolve the situation. Vault owners are reminded again to prohibit delegation of LST contracts starting with 0xcC72 and LRT contracts starting with 0xC3eA.
Author: BitpushNews Mary Liu
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