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Crypto Evening Briefing: Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says

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SEC Chair Gary Gensler to Appear Before Digital Assets Subcommittee

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler will appear before the House's digital assets subcommittee on April 18, 2023, according to House Financial Services Committee Chairman Patrick McHenry. 

FTX’s $45M Sequoia Sale Cleared, as Embed Divestment Delayed

A Delaware bankruptcy judge has approved the $45 million sale of FTX’s assets in Sequoia Capital Fund to the investment arm of Abu Dhabi, a Tuesday court filing shows.

Sam Bankman-Fried’s Legal Defense Is Being Funded With Alameda Money He Gifted His Father

Sam Bankman-Fried, founder of fallen crypto exchange FTX, has been paying his legal fees from a multi-million dollar gift he gave his father with money borrowed from FTX's sister company, according to Forbes. 

Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says

The extradition of TerraForm Labs founder Do Kwon from Montenegro has been requested by both the U.S. and South Korea, Justice Minister Marko Kovac said at a Wednesday press conference.

British Virgin Islands Court Orders 3AC Founders to Attend Examination on Dec. 19

Kyle Davies and Su Zhu, founders of crypto hedge fund Three Arrows Capital (3AC), have been ordered to attend court in the British Virgin Islands on December 19 as part of the liquidation proceedings for the fund, which collapsed last year. 

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $28,429.91 USD, jumped by 5.72% in the last 24 hours;

ETH’s live price is $1,808.90 USD, jumped by 4.38% in the last 24 hours;

BNB’s live price is $316.54 USD, jumped by 2.02% in the last 24 hours;

XRP's live price is $0.5505 USD, jumped by 10.73% in the last 24 hours.

Fundraising News

Collaborative AI Company FedML Raises $6M in Seed and Pre-Seed Funding

FedML, a Sunnyvale, CA-based collaborative AI company, raised $6m in seed and pre-seed funding.The round was led by Camford Capital, along with additional investors Plug and Play Ventures, AimTop Ventures, Acequia Capital, LDV Partners and other undisclosed investors.

Nuqtah Raises Seed Funding From Animoca Brands and Polygon

Nuqtah, Saudi Arabia’s first NFT marketplace platform, announced today that it has raised a seed round of funding led by Animoca Brands with participation from Polygon and regional investors. The new funding will be used to scale up Nuqtah’s business over the next 12 months. 

Bitcoin Bitcoin $78,163.58
-1.35%
AI NFT Polygon SEC Gary Gensler FTX Do Kwon Alameda Research 3AC Three Arrows Capital
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