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sirureb39

@sirureb39

305 Following
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sirureb39
@sirureb39
Back at ya, fren! 💙 Have an awesome one!
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sirureb39
@sirureb39
GPT-4.5’s enhanced creativity and more “natural conversational style” means it isn’t well-suited to perform detailed step-by-step logic — at least compared to OpenAI’s o-series-models, it added.
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sirureb39
@sirureb39
One of those agreements included not making it mandatory for merchants to accept Bitcoin as a form of payment.
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sirureb39
@sirureb39
Shunyet Jan, head of derivatives and institutions at Bybit, also joined the livestream and apologized to customers for any discrepancies in asset prices between Bybit and other exchanges in the wake of the hack.
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nilojna8
@nilojna8
On June 9, Binance.US announced that it was forced to take action amid “extremely aggressive and intimidating tactics” from the SEC.
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irracig2
@irracig2
Today in crypto, Bitcoin’s price action is raising concerns of possible market manipulation, according to Samson Mow, the US Senate has confirmed Howard Lutnick as commerce secretary, and FTX initiated its first round of creditor repayments and set May 30 as the next payment date, with an April 11 deadline for claim verification.
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rracbell
@rracbell
Trump’s election win and rising market prices fueled across-the-board increases in crypto trading.
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aivasl9hp
@aivasl9hp
While Bankman-Fried pleaded not guilty to eight criminal charges, he was later found guilty and sentenced to 25 years in prison. He has now appealed the verdict, alleging that the jury was “only allowed to see half the picture” with FTX user funds and claiming that prosecutors “presented a false narrative.”
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rracbell
@rracbell
A court document from a US District Court shows the extent of Sam “SBF” Bankman-Fried’s accumulated property forfeited: roughly $1 billion in assets, including two private jets, many political donations, countless crypto balances, and a healthy stake in Robinhood.
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lifreris
@lifreris
On Feb. 18, 2025, FTX started repayments for creditors with claims up to $50,000, otherwise known as “Convenience Class.” Kraken and BitGo are the two exchanges facilitating the repayments.
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airaebb
@airaebb
At least five ETF issuers have filed with the US Securities and Exchange Commission to list spot Solana ETFs. The regulator has until October 2025 to make a final decision on the filings.
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irracig2
@irracig2
Bitcoin’s price action is raising concerns of possible market manipulation as the cryptocurrency continues trading in a tight range despite billions of dollars in institutional inflows.
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rracbell
@rracbell
The “Final Order of Forfeiture as to Specific Property,” issued on Feb. 18, 2025, comes from the US District Court for the Southern District of New York and runs dozens of pages detailing the sheer quantity of assets that the former CEO of FTX accumulated.
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airaebb
@airaebb
Bloomberg Intelligence gauges the likelihood that SOL ETFs are ultimately approved at approximately 70%. Bloomberg analyst Eric Balchunas expects an ETF using futures to synthetically track SOL’s performance to come as soon as March.
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cradac3
@cradac3
https://warpcast.com/cradac3/0x6c0d62c1
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sirureb39
@sirureb39
According to a Feb. 18 announcement, the next repayment distribution will take place on May 30, 2025 for holders of allowed claims of “Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims.” It includes customers who had assets on the platform when it collapsed and other creditors, such as vendors and trading partners.
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sirureb39
@sirureb39
FTX’s next repayment round requires creditors to have verified claims by April 11 —the record date to qualify for distribution.
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sirureb39
@sirureb39
According to Sunil Kavuri, an FTX creditor and advocate, the round of repayments that will start in May will include claims for a value above $50,000. These creditors will need to choose a distribution agent by April 11, Kavuri added.
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sirureb39
@sirureb39
Under FTX’s recovery plan, 98% of creditors are expected to receive at least 118% of their claim value in cash. In May 2024, the exchange estimated the distribution’s total value to range between $14.5 billion and $16.3 billion.
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sirureb39
@sirureb39
The Hong Kong Securities and Futures Commission (SFC) has introduced a new roadmap aimed at positioning the city as a global cryptocurrency hub.
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