5 Bitcoin, Blockchain, DeFi and NFT News – November 25


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5 Bitcoin, Blockchain, DeFi and NFT News - November 25
5 Bitcoin, Blockchain, DeFi and NFT News
  • The company contracted to recover FTX’s assets said it managed to recover more than $740 million. Digital asset financial services firm BitGo, which was left behind when FTX on November 11 filed for bankruptcy, estimates that since then the amount of recovered and secured assets is likely to exceed $1 billion.
  • Bybit announced the creation of a $100 million fund to support institutional clients. The exchange will offer up to 10 million on its platform. USD for existing and new market makers as well as dedicated account managers.
  • The Near Foundation has announced that the first non-fungible token (NFT) album to be nominated for a Grammy is with DAORecords on the NEAR blockchain. Rhythm and Soul is a jazz album produced by Arturo Sandoval in collaboration with MetaJAX and nominated for Best Latin American Jazz Album 2023 Grammy.
  • An eight-episode limited series about the FTX explosion from Joe and Anthony Russo’s production company AGBO was streamed live on Amazon. The series is expected to go into production in 2023. in March.
  • The Solano Foundation has published a fact sheet detailing its interaction with FTX. This shows that the organization on November 6 had more than 180 million USD cryptocurrencies with FTX. The fund owned approximately 3.43 million. FTT, 135 million SRM tokens and 3.24 million FTX common stock. Solana’s network did not experience any noticeable performance or operational issues due to the failure.

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Source: news.google.com

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