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The FTX bankruptcy estate recently staked approximately $122 million in SOL tokens and around $5 million in ETH. The FTX bankruptcy estate has staked an impressive sum of approximately $122 million in Solana (SOL) tokens. The information came to light when on-chain data indicated that a wallet identified as FTX’s shifted the SOL tokens to Figment, a staking validation entity known for serving institutional clientele. Simultaneously, FTX’s estate made another move, staking about 3,200 Ethereum (ETH), which is equivalent to an estimated $5 million. Both crypto wallets are associated with Alameda Research, identified as the sister trading firm to FTX. For those unfamiliar with the term, staking in the crypto realm involves securing a specified quantity of tokens for a set duration. As a reward for this commitment, participants often receive supplementary coins. This procedure is pivotal in fortifying proof-of-stake networks, which include Ethereum and Solana among others....

Blockchain and crypto projects constantly evolve. Amid this change, Cardano has emerged as one of the top smart contract platforms. Meanwhile, ahead of Polkadot’s upgrade , Everlodge plans to reshape real estate ownership . Cardano smart contracts development surges  Cardano is a development hub and has grown since adopting smart contracts.  In the latest report, Cardano outperformed layer-2 networks with a development score increase from 454 to 559 in the last two months.  You might also like: Chainlink CCIP deploys on Base, an Ethereum layer-2 The global smart contract development activity boost is part of Cardano’s plan to regain market share.  Despite this growth, ADA is struggling and remains below the $0.30 resistance level. However, analysts expect growth in the coming sessions. Polkadot focuses on scalability Polkadot is a multichain protocol and plans to scale further to make it more efficient for developers.  Asynchronous...

FTX’s bankruptcy estate manages a $7 billion portfolio that includes Solana, Bitcoin, and the Bahamas real estate , as court filings reveal a potential platform relaunch amidst staggering customer claims. Amid legal entanglements and looming court appearances, FTX finds itself contending with a bankruptcy estate valued at roughly $7 billion, according to recent court documents. These filings also offer a roadmap for the exchange’s potential reboot, named tentatively as “FTX 2.0.” Court filings FTX’s asset breakdown and legal quagmires Documents filed with the court indicate that FTX’s bankruptcy estate has managed to amass a wide range of assets. This includes around $1.16 billion in Solana (SOL) tokens and $560 million in Bitcoin (BTC). The estate’s liquidity has $1.5 billion in cash, on top of the $1.1 billion it had as of November last year. The estate also values its holdings in various other cryptocurrencies at $3.4 billion as of the end of Au...