Partner with us

News Explorer — FTX to Sell Stake in Sui Blockchain Creator Mysten Labs

Generated by AI, curated by humans

Mar 23, 6:17 pm

Reuters

FTX to Sell Stake in Sui Blockchain Creator Mysten Labs

Bankrupt cryptocurrency exchange FTX announced on Thursday that it will sell its stake in Web3-focused startup Mysten Labs for $95 million. Last year, FTX had paid nearly $101 million for preferred shares of Mysten and led a funding round that valued the platform at more than $2 billion. The new management at FTX has been attempting to recover assets to clear liabilities, and recently reached a deal to recoup more than $400 million in cash from hedge fund Modulo Capital.

Bankrupt cryptocurrency exchange FTX announced on Thursday that it will sell its stake in Web3-focused startup Mysten Labs for $95 million. Last year, FTX had paid nearly $101 million for preferred shares of Mysten and led a funding round that valued the platform at more than $2 billion. The new management at FTX has been attempting to recover assets to clear liabilities, and recently reached a deal to recoup more than $400 million in cash from hedge fund Modulo Capital.

Latest

Jul 22, 6:14 pm

Decrypt

London Gang Members Convicted After Bitcoin-Related Kidnapping

Four individuals were convicted in London for attempting to kidnap and extort a Belgian barber who they believed had a s... Read Summary

Jul 22, 5:39 pm

Decrypt

Cathie Wood's ARK Invest Just Bought $182 Million Worth of This Ethereum Firm's Shares

BitMine Immersion's stock rose over 3% after ARK Invest bought $182 million of its shares, reflecting the growing intere... Read Summary

Jul 22, 4:30 pm

Decrypt

Ethereum, Solana NFT Sales on the Rise as CryptoPunks Surge

Established NFT projects like CryptoPunks are gaining interest as leading altcoin prices increase, particularly on Ether... Read Summary

Jul 22, 4:08 pm

Decrypt

PUMP Falls to New Low as Pump.fun Users Eagerly Await Solana Airdrop

Pump.fun's token has fallen below its ICO price, causing a loss for early buyers. The community is growing impatient as the airdrop date remains unannounced, while a rival platform gains market share. Read Summary

Jul 22, 3:36 pm

Decrypt

Telegram Crypto Wallet Launches for US Users

The TON Wallet, developed by The Open Platform, is now available for U.S. residents on Telegram, offering features like... Read Summary

Jul 22, 2:29 pm

Decrypt

Why Some XRP Investors Aren't Happy About Breaking a 7-Year-Old Price Record

The XRP Army, a group of devoted XRP investors, expresses frustration over the SEC lawsuit that hindered the cryptocurre... Read Summary

Jul 22, 1:00 pm

Decrypt

Dogecoin's Proposed Upgrade Could Transform Its Blockchain and Spur Developers to Build New Applications

A network upgrade proposal for Dogecoin, called OP_CHECKZKP, aims to enhance scalability, decentralization, and security... Read Summary

Jul 22, 1:01 pm

Decrypt

Sahara AI's DSP Platform Pays Users Cryptocurrency for Completing Data-labeling Tasks

Sahara AI's Data Services Platform (DSP) rewards users in cryptocurrency for completing data-labeling tasks like tagging... Read Summary

Jul 22, 12:14 pm

Decrypt

Ethereum, Dogecoin, Other Altcoins Retreat as Bitcoin Holds Steady

Altcoins like Ethereum and Dogecoin experienced a pullback as the crypto market corrected following recent gains. Notabl... Read Summary

Jul 22, 12:00 pm

Forbes

Cloudflare's Policy Change Requires AI Crawlers to Request Access and Pay for Website Crawling

Cloudflare's new default policy blocks AI crawlers, requiring them to ask for access and pay to crawl websites. This shift aims to rebalance the equation between content creators and AI... Read Summary

Jul 22, 12:00 pm

Forbes

Community Involvement Is Key in Shaping the Practical Utility of Decentralized AI in Africa

The foundation of Decentralized AI goes beyond technical aspects, emphasizing community as a crucial element. In Algeria, a volunteer named Chabane MT Tarek is actively shaping Africa's... Read Summary

Jul 22, 11:46 am

DL News

Binance's Tax Evasion Trial in Nigeria Faces Delays and Uncertainties, Casting Doubt on Its Outcome

Binance's tax evasion trial in Nigeria has been postponed to October 14 due to a no-show by the presiding judge, raising... Read Summary

Jul 22, 7:21 am

Decrypt

JPMorgan Chase May Offer Loans Backed by Clients' Crypto

JPMorgan Chase is considering offering loans secured by clients' crypto holdings, potentially starting next year. This m... Read Summary

Jul 22, 6:09 am

Decrypt

Solana Spikes to 5-Month High, Where to Next?

Solana's recent surge to $200 and a 50% rally over the past month has sparked interest in Layer 1 blockchains, with trad... Read Summary

Jul 22, 5:42 am

Decrypt

Coinbase Opens Perpetual Futures for US Customers Amid a Growing Trend Stateside

Coinbase has launched CFTC-regulated perpetual futures for U.S. customers, following Kraken's move to capture derivative... Read Summary