RoboFi News Review: Top Crypto News of the Week

This week’s news roundup is presented below.

Boies, co-counsel move to grab control of all private FTX cases

Prepare for a tussle over control of private lawsuits stemming from the now-bankrupt crypto exchange FTX’s multibillion-dollar collapse — and the legal fees that come with it. Plaintiffs’ attorneys have filed at least 11 class action lawsuits on behalf of allegedly deceived FTX clients in federal courts in California and Florida. The lawsuits overlap, but they each identify a different defendant and advocate for a different legal theory. Read More.

Cryptoverse: Punk apes and a resurrection of NFTs

It has come to life! The NFT market is waking up from its slumber, defying forecasts of its extinction. According to market tracker CryptoSlam, total NFT sales on the ethereum blockchain, which hosts the majority of trade, increased to $780.2 million in January from $546.9 million the previous month. Read More.

Ken Griffin’s Citadel Securities reveals 5.5% stake in crypto bank Silvergate

Citadel Securities, owned by Citadel’s Ken Griffin, declared a 5.5% investment in cryptocurrency-focused lender Silvergate Capital Corp (SI.N) worth around $25 million in a regulatory filing on Tuesday. Silvergate stock soared after the announcement, closing up roughly 14%. A Silvergate spokesman did not immediately respond to a request for comment. Read More.

Bitcoin hits six-month high as investors warm to risk

Bitcoin hit a six-month high on Thursday, outperforming equities and other risky assets as investors gained confidence in the economy and rejected concerns about governmental scrutiny of the sector. After rising 9.5% on Wednesday, the world’s largest cryptocurrency reached $24,895 on Thursday, its highest since August 2022. It was last valued at $24,400. Read More.

Exclusive: Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

Banking documents and corporate messaging demonstrate that global cryptocurrency exchange Binance had hidden access to a bank account belonging to its ostensibly independent US partner and transferred huge sums of money from the account to a trading firm owned by Binance CEO Changpeng Zhao. Read More.

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RoboFi (https://robofi.io/home/) is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.

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