FTX Mulls Reboot, Ethereum’s Shapella Hard Fork Activated and OpenAI Receives Japan Support: Hodler’s Digest, April 9-15


FTX considers reboot, Ethereum’s fork goes live and OpenAI news: Hodler’s Digest, April 9-15

Ethereum’s Shapella Hard Fork Executed on Mainnet

The blockchain’s mainnet, also known as the Beacon Chain, implemented the Shapella hard fork on April 12. This upgrade allowed users who have staked the network’s Ether (ETH) asset to make withdrawals. According to Ethereum block explorer beaconchai.in, within the first hour of the hard fork, a total of 12,859 Ether were unlocked in 4,333 withdrawals. Shortly after, ETH surpassed the $2,000 price point.

FTX Recovers $7.3B, Weighs Exchange Reboot

A possible FTX comeback is being discussed, according to the exchange’s legal team. In an April 12 hearing, FTX’s lawyers said the company had recovered approximately $7.3 billion in liquid assets and was contemplating restarting its crypto exchange operations in the second quarter of 2024, signaling a potential reboot as early as April. After this news, FTX token (FTT) surged over 112%. On the other hand, in Europe, a Swiss court authorized the sale of the firm’s European operations.

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