● US Bitcoin spot ETF had a net inflow of approximately US$91 million yesterday
According to BlockBeats, according to data from HODL15 Capital, on April 12, the net inflow of the US Bitcoin spot ETF was about US$91 million yesterday.
● Binance Labs announces investment in BounceBit
Binance Labs announces investment in BounceBit to support Bitcoin re-staking and CeDeFi innovation.
● BNB Chain announced the launch of an online hackathon in the second quarter of 2024 with a prize pool of $470,000
According to Wu, BNB Chain has announced that it will launch an online hackathon called "One BNB-Coding the Future" in the second quarter of 2024, with a prize pool of up to $470,000. The event will last for one and a half months, and the registration deadline is April 25. The hackathon will target a range of Web3 verticals, including DeFi, games, artificial intelligence, DePIN, DeSoc, and infrastructure.
● Voyager received $484.35 million to repay creditors
According to Golden Finance, Voyager received $484.35 million through settlements with FTX, Three Arrows Capital, and directors and officers (D&O) insurance claims. This secured funding, including interest, accounts for approximately 25% of the total claims of Voyager's creditors and is expected to be disbursed soon. In addition, Voyager has received approximately $675 million in claims from ongoing litigation with Three Arrows Capital. Of this, $20.43 million is Voyager's pro rata share of the first distribution from Three Arrows Capital. The administrator expects that more payments will be made in the coming years as assets are sold and further litigation is settled. The settlement agreement reached through D&O insurance mediation will also distribute at least $14.35 million to Voyager creditors.
● Hong Kong may approve the first Bitcoin spot ETF, China Asset Management, Harvest Asset Management, Bosera, etc. are on the application list
According to Foresight News, Reuters sources revealed that Hong Kong may approve the first Bitcoin spot ETF this month, and it may be announced as early as next week. Currently, the Hong Kong branches of China Asset Management, Harvest Fund Management and Bosera Fund Management are on the application list.
● Dubai Virtual Assets Regulatory Authority is considering reducing compliance costs for small crypto companies
According to Golden Finance, Matthew White, CEO of Dubai Virtual Asset Regulatory Authority (VARA), said at the Paris Blockchain Week on Wednesday that the agency is currently considering many things in order to try to make the system and regulation suitable for everyone. One of them is to find a way to deal with the compliance costs of small (crypto) entities. The current situation is that the agency has observed that there are not many companies with sufficient resources to be regulated, and the new regulatory scheme includes allowing larger market participants to host smaller market participants.
● SBF appealed its conviction and sentencing to the U.S. District Court for the Southern District of New York
According to Wu, SBF filed a notice of appeal with Lewis Kaplan, a judge at the U.S. District Court for the Southern District of New York, on Thursday. Court documents show that the appeal involves his conviction and sentencing. Last November, a Manhattan federal court jury found SBF guilty of seven counts of fraud and conspiracy. On March 28 of this year, SBF was sentenced to nearly 25 years in prison and was required to repay investors and creditors for losses of approximately $11 billion.
