FTX considers reboot, Ethereum’s fork goes live and OpenAI news: Hodler’s Digest, April 9-15
Ethereums Shapella hard fork executed on mainnet
The blockchains mainnet, also referred to as the Beacon Chain, implemented the Shapella hard fork on April 12. The upgrade made fund withdrawals possible for those who have staked the networks Ether (ETH) asset. Within the first hour of the hard fork, a total of 12,859 Ether were unlocked in 4,333 withdrawals, according to Ethereum block explorer beaconchai.in. Nearly a day after the upgrade, ETH surpassed the $2,000 price point.
FTX has recovered $7.3B in assets, will consider rebooting exchange
A comeback for FTX is on the table, according to the legal team of the bankrupted crypto exchange. In an April 12 hearing, FTX’s lawyers said the company had already recovered about $7.3 billion in liquid assets and was considering restarting its crypto exchange operations in the second quarter of 2024, suggesting a reboot as early as April. After the news broke, FTX token (FTT) surged over 112%. Meanwhile in Europe, a Swiss court approved the sale of the firm’s European operations.
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