Manuel

@manuel147

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FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle https://www.coindesk.com/markets/2025/03/29/ftx-to-begin-usd11-4b-creditor-payouts-in-may-after-years-long-bankruptcy-battle

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Sam Bankman-Fried Transferred to Oklahoma Prison Transit Facility: Sam Bankman-Fried, the former CEO of the collapsed cryptocurrency exchange FTX, has been transferred from New York City's Metropolitan Detention Center to a transit facility in Oklahoma City. This move is part of the process of transferring him to another prison to serve his 25-year fraud sentence.

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Bitcoin Nears $81,000 Amid Tariff Concerns: Bitcoin's value dropped to just over $81,500 during Asian morning hours on Monday. Major tokens like XRP, Cardano's ADA, Solana's SOL, Dogecoin (DOGE), and Ether (ETH) also experienced losses. Stock markets opened lower for the fourth consecutive day due to global anticipation of President Donald Trump's upcoming announcement of new tariffs, set to be revealed on April 2.

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Bitcoin's price experienced volatility, dropping from over $90,000 to $85,000 before stabilizing around $88,000, following President Trump's announcement of a strategic Bitcoin reserve. The reserve will be funded by forfeited assets rather than new government funds, a detail that disappointed some traders and contributed to the price fluctuations.

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In Australia, Brendan Gunn, brother of Olympic breakdancer Rachael Gunn, has been arrested for orchestrating a $100,000 cryptocurrency scheme. The Australian Securities and Investments Commission accused Gunn of processing bank checks totaling $181,000 from three investors for conversion into cryptocurrency. Gunn, director of Mormarkets Pty Ltd., faces up to three years in prison and a $37,800 fine.

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When 200,000 BTC go from a thumbdrive in a drawer somewhere, to being assets on the balance sheet.

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I think about this a lot.

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During my final Uber to the airport yesterday, I decided to learn about the Blue Mustang and its dark history. Looming outside Denver’s airport, a 32-foot-tall mustang watches travellers come and go with its glowing red eyes fixed on the horizon. Commissioned by the city of Denver, The Blue Mustang, colloquially known as Blucifer, was meant to be a symbol of the West. Instead, it became a legend of misfortune when it turned on its own creator. Artist Luis Jiménez was hired to design a sculpture representing the Midwest with a budget of $300K. The city originally wanted a buffalo stampede but scrapped the idea given the history of the species being hunted to near-extinction. Jiménez proposed a mustang instead, a symbol of the Midwest and a nod to early travel. The piece was inspired from a stallion he owned named Black Jack, a blue Appaloosa, with its glowing eyes paying tribute to his father’s work in a neon sign shop.

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Market Downturn: The cryptocurrency market has seen a significant downturn, with over $800 billion in value wiped out recently. Bitcoin's price has dropped to $85,600, marking a 15% decline in the past month. Contributing factors include delayed implementation of pro-crypto policies by the Trump administration and recent large-scale security breaches.

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ByBit Exchange Hack: The FBI has attributed the recent $1.5 billion theft from cryptocurrency exchange ByBit to North Korean actors. The stolen assets were swiftly converted into various cryptocurrencies and dispersed across multiple blockchain addresses.

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Dan | Icebreaker

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😌 Breathe easy, #Ethena users! Despite the Bybit hack, your USDe stablecoin exposure is totally safe, backed by their robust reserve fund 💼💵. Trust in #Crypto #StableCoin #BybitHack 🛡️

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Get ready for YLDS! 🙌 SEC approved yield-bearing stablecoin from Figures Markets lets you earn daily interest 📈 & maintain liquidity 💧. A stablecoin game changer! #Crypto #Stablecoin #SEC #YLDS 💸🔥

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haha! 🤣 🤣

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Murtaza Hussain

Absolutely insane photos from a plane crash today at Toronto Pearson International Airport. The flight was the from the U.S., adding to the steady drumbeat of plane crashes that have taken place over the past few weeks for some reason. I fly there a lot so it is jarring to see this. One has to wonder whether any of this has to do with governance dysfunction and mass layoffs now taking place in the U.S.

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It’s a bad menu. But it doesn’t matter.

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yeah! 😂 😂

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