FTX could relaunch in Q2 🫣

FTX considering a relaunch, CryptoGPT trends on Twitter, ETH upgrade

GM Baos,

How's your week been? I'm ready for Friday.

Today we cover:

  • FTX 2.0

  • CryptoGPT

  • ETH upgrade LIVE

Would you use FTX v2?

The FTX bankruptcy saga seems to never end.

During a FTX bankruptcy court hearing on Wednesday, it was said that FTX has recovered $7.3bn of assets and is considering relaunching its exchange in Q2 2023. Of course, this news caused the FTT exchange token to go up +90% 😆

FTX's lead attorney Andy Dietderich also told the court, "The situation has been stabilized and the dumpster fire is out"

Other FTX news:

CryptoGPT

Both The Block and CoinDesk published articles on CryptoGPT (an obvious scam) raising $10m at a $250m valuation. They called it a zero-knowledge Layer 2 blockchain...

And no — it was not a late April Fool's Day joke.

The Block reported that $420,000 was invested by DWF Labs with the rest to be invested over the next 285 days 😵‍💫

☑️ Fake followers/likes/RTs

☑️ Launched a token ($GPT)

☑️ Non-doxxed team

Even it's own AI could't deny SCAM.

ETH Shanghai upgrade = LIVE 🎉

To celebrate the ETH upgrade, ConsenSys has launched a new NFT collection Ethereum, Evolved: Shanghai. The artwork celebrates what ConsenSys says is "an important technological milestone that we believe will be looked back on as a watershed moment in web3's evolution"

TLDR to the upgrade: anyone who staked ETH can now withdraw their assets. Over $3.34bn of staked ETH has been unlocked. It'll be interesting to see how this milestone affects the DeFi space overtime.

Bao-Sized News

Made us Kek 😂

See ya later Baos <3

–Cassidy