The Daily: FTX estate prepares to sell locked Worldcoin tokens at a discount, Bitwise files for a spot XRP ETF and more
2024-10-03

Happy Wednesday! In today's newsletter, the FTX estate prepares to sell locked Worldcoin tokens at a discount, Bitwise files for a spot XRP ETF, Australia's "Operation Kraken" seizes over $6 million from hardware wallets and more.
Meanwhile, EigenLayer responds to community concerns over early investor staking transparency.
Let's get started.
FTX estate prepares to sell locked Worldcoin tokens at a discount
The FTX estate is set to auction all of its 22.3 million locked Worldcoin tokens valued at around $37.7 million, offering them at a "significant discount," three sources with direct knowledge of the matter told The Block.
Bitwise files for a spot XRP ETF
Crypto asset manager Bitwise filed a registration statement with the Securities and Exchange Commission for a spot XRP exchange-traded fund on Wednesday.
Australian police seize over $6 million in crypto after deciphering seed phrases from organized crime wallets
Australian Federal Police seized $6.4 million in cryptocurrency following an investigation into the alleged mastermind behind the encrypted messaging platform Ghost as part of its "Operation Kraken" initiative.
Crypto faces 'hangover' from venture capital 'glut' during previous bull market
In a fireside chat at Messari's Mainnet conference, Tushar Jain said the crypto venture capital market hasn't fully adjusted to the post-pandemic downturn reality.
Crypto trader Ansem says there was a 'misalignment of incentives' in certain celebrity memecoins
On stage at Messari Mainnet, the mono-named crypto-trading personality Ansem acknowledged his past mistakes in backing certain celebrity memecoins following controversy over apparent rugpulls that enriched the famous and hurt retail traders.
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